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Chinese commercial ships explore Arctic routes amid ‘Polar Silk Road’ ambitions

2018-02-09 10:34:54       source:Global Times

February 8, 2018

When Han Guomin, CEO of China's Cosco Shipping Specialized Carriers Limited, read the white paper released on January 26 about China's Arctic policy, he and his colleagues were excited.

The white paper is China's first policy on the Arctic, in which China said it hopes to build a "Polar Silk Road" with the development of Arctic shipping routes, and that China's will maintain peace, stability and sustainability of the North Pole.

"We felt proud that we had contributed to the shipping route," Han told the Global Times. Five years before the policy came out, Cosco Shipping, based in Guangzhou, Guangdong Province, had already begun sending ships through the route.

Chinese enterprises are encouraged to participate in infrastructure development for these routes and conduct commercial trial voyages in line with international law for their commercial operations.

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