Reuters reports that Norway may restrict oil firms’ access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.
BIMCO expanded and updated its online database on ice information, providing additional information on the amended Polar Code and the subsequently revised national rules, which regulates navigation in arctic waters.
U.S. Coast Guard’s officials, announced that the “USCGC Katmai Bay” begun its ice breaking operations. In order to face the expanded ice growth and as part of the “Operation Taconite”, the 40-foot ice-breaking tug started its ice breaking procedures in western Great Lakes.
As the Great Lake temperatures are falling as winter approaches and significant ice formation is expected, the Lake Carriers’ Association warns that the U.S. economy is facing potential job losses and serious financial implications, as the binational icebreaking assets continue to age and remain frozen in time.
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