The international shipping industry is these days witness to a historic event, when a vessel for the first time ever is sailing from Vancouver in Canada to Finland through Arctic waters. The bulk carrier MV Nordic Orion is using the North West Passage as a transit trade lane, when transporting coal from Vancouver in Canada to Finland. The historic transit is shorter than traditional shipping routes and will not only save time, fuel and CO2, but also increase the load of cargo with 25% compared to the Panama Canal.
With its ice cover changing and a bulk carrier set out to conquer it, the Northwest Passage is becoming a potential viable route for commercial traffic. MV Nordic Orion will carry a cargo of 73,500 tons of coal via the so called North West Passage, through Arctic waters to Finland, which could make it the first commercial bulk carrier to traverse the route since the SS Manhattan broke through in 1969.