It undoubtedly, is one of shipping's last frontiers. For all the talk of the North Pole being a safe - there are no pirates over there - and a cost-effective place for ships to ply, the passages lining the Arctic Circle might just be every ship owner's 'wonder pill' to swallow. For one thing, there are no ports anywhere along the passage route, meaning therefore, terminal handling charges need to be calculated by ship managers.
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