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Wednesday, August 30, 2017

Russian tanker doesn't need to pass through Singapore port anymore!

http://money.cnn.com/2017/08/25/news/arctic-ice-tanker-ship/index.html

Russian tanker can use Arctic to deliver its oil and gas now without using the Suez Canal.  When the ship doesn't pass through Suez Canal, it also doesn't need to pass through Strait of Malacca and Singapore.  Singapore will have lesser incomes from shipping now as more ships will use the new Arctic route.

1 comment:

Eric Ho said...

China and Russia are trying to avoid Singapore port because of USA naval presence in SG. Sigh!