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Explore Inside the $43BN Arctic Route: The Race to Build a New Global Shipping Superhighway! with 2,287 views, 27 likes, and 2 comments. Experience the impact of this video content that has captured audience attention.

Inside the $43BN Arctic Route: The Race to Build a New Global Shipping Superhighway! #arctic #northeastpassage #northwest #panamacanal #suezcanal The six-day blockage of the Suez Canal in 2021, caused by the grounding of the ‘Ever Given’, a massive 250,000-ton container ship, resulted in daily losses of around US$10 billion to global trade. Egypt, which earns about US$8 billion annually from the Suez Canal, saw significant disruptions. The 400-meter-long vessel's mishap delayed deliveries and caused oil and liquefied natural gas (LNG) prices to spike, with daily losses estimated between US$12 million to US$15 million. This incident highlighted the vulnerability of the Suez Canal and underscored the need for alternative West-East transit routes. In response, global attention has shifted to efforts to develop a new trade route through the Arctic Ocean, known as the Northern Sea Route. Be Visionary and check out our merch store: https://visionary-builds.myspreadshop.com/ Other Visionary Build Videos: https://www.youtube.com/watch?v=mjwOHGEsTOQ https://www.youtube.com/watch?v=FJboBnKRg5M https://www.youtube.com/watch?v=nzKAkugzWlc&t=1s https://www.youtube.com/watch?v=LgclCy0MZVM Facebook: https://www.facebook.com/profile.php?id=61554296182133https://www.youtube.com/watch?v=lQG8KHq98Qc https://www.youtube.com/watch?v=trLrGySseDU Thank you very much for watching. We hope that you enjoyed our visionary build. Please like and subscribe. Feel free to share other visionary build ideas for your entertainment in the comments. For business related matters relating to our channel (including media & advertising) please contact us via email located in our "About" tab Please note, the videos published on this channel fall under the remits of Fair Use. For the purpose of educating viewers on topics of construction, engineering and architecture, our team produces well-researched, authentic and unique content, aligning with YouTube policies and guidelines. Copyright Disclaimer under Section 107 of the copyright act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. For any copyright related matters, please contact us trough our email on the about tab.

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