Arctic’s melting ice shrinks Europe-Asia shipping routes
10 Aug 2015

By PAUL BROWN.- The disappearing Arctic ice cap will boost trade between north-west Europe and countries such as China, Japan and South Korea by making the sea routes far shorter, according to economic analysts.
The new sea route will alter world trade, making northern countries richer, but causing serious problems for Egypt, which will lose a large chunk of revenue currently gained from ships coming through the Suez Canal.
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