bremenports to develop Icelandic port catering to Arctic shipping route

bremenports has signed an agreement to enable the development of a deep-water port at Finnafjord in the north-east of Iceland, a long-term project which relies on shipping becoming more viable in the Arctic.

If the North-East Passage between Asia and the US becomes navigable all year round, the journey times between these continents will be reduced by more than two weeks.

In this scenario, Finnafjord would be strategically located as the hub for a universal port from which containers could be redistributed to different destinations.