areas,placesofrefuge,andemergencyresponsepreparedness.
ItisalsoachallengethattransportationviatheNSR
isinitsinfancyandisverycost-sensitiveatthisstage.
Ifcostlyregulations,suchasafull-scalebanonheavy
fueloilareimposed,whilealternativeroutescancontinuetouseit,theNSRwillbeuncompetitivefrom
thebeginningandnevergetuptoasustainablelevel.
Developingabalancedregulatoryframeworkisaided
bythefactthattheArcticCouncil(themaindriverof
thisprocess)consistsofnationsthatallhavedirect
interestsinestablishingsustainableeconomicand
environmentalsolutions.
Presently,thebestsafetymeasuresagainstaccidents
areRussia'sregulatoryrequirementsandmandatory
Rosatomfoticebreakerescort.Theadditionofnew
powerfularcticicebreakerstothenationalfeetsof
anumberofstakeholdersareimportantstepsinthe
rightdirectionandwilladdtothecollectiveglobal
capacityincaseofArcticemergencies.
About the author:
Mr. Felix H. Tschudi is the chairman and owner of the Tschudi
Group, a shipping and logistics group focusing on cargo fows
between Northwest Europe, Russia, and Central Asia.
www.uscg.mil/proceedings
Mr. Tschudi attended the Royal Norwegian Naval Academy and
served as sub-lieutenant in the Royal Norwegian Navy. He earned
a second mate's certifcate from merchant navy colleges in the UK, a
BSc (Econ) from the London School of Economics, and an MBA from
INSEAD, France.
He is also the chairman of the Centre for High North Logistics, a
member of the World Economic Forum's Global Agenda Council on
the Arctic, a member of the board of Maritimt Forum Oslofjord, and
former president of the Oslo Shipowners Association.
Endnotes:
1. onley,Heather,TerryToland,andJamieKraut.A New Security ArchiC
tecture for the Arctic: An America Perspective. A report of the Center For
StrategicInternationalStudiesEuropeProgram,January2012.Available
athttp://csis.org/fles/publication/120117_Conley_ArcticSecurity_Web.
pdf.
2. ttp://en.ria.ru/.
h
3. bid
I
4. Investment in the Arctic Could Reach $100BN In Ten Years. London,UK:
Lloyd's,April2012.Availableatwww.lloyds.com/News-and-Insight/
Risk-Insight.
5. ww.sasco.ru/en.
w
6. Arctic Shipping Route Will Soon Rival Suez Canal, Putin Says. YaleEnvironment360,Sep2011.Availableathttp://e360.yale.edu/digest/arctic_shipping_route_will_soon_rival_suez_canal_putin_says/3136/.
7. ladimirPutinsignedFederalLawOn Amendments to Certain Legislative
V
Acts of the Russian Federation Concerning State Regulation of Merchant Shipping in the Area of the Northern Sea Route. Availableathttp://eng.kremlin.
ru/acts/4232.
8. Shipyard wins giant nuclear icebreaker tender. WorldNuclearNews,August
2012.Availableatwww.world-nuclear-news.org/NN-Shipyard_wins_
giant_icebreaker_tender-0708124.html.
Summer 2013
Proceedings
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