Arctic Ocean News

Catlin’s Comments on IPCC Report Stress Need to Minimize Risks

The Bermuda-based Catlin Group Limited has issued a statement following the release of the latest report by the Intergovernmental Panel on Climate Change (IPCC), a scientific intergovernmental body under the auspices of the United Nations. The organization’s Fifth Report on …

Arctic Ocean to Get ‘Polar Code’ Shipping Rules; Will Lower Insurance Costs

New shipping rules are soon to be agreed for the Arctic. Summer sea ice has shrunk by about two-thirds over three decades, opening a new ocean with vast natural resources. Maritime nations are close to a landmark deal on the …

Shell Files Pre-Emptive Offshore Drilling Lawsuit

Shell Oil Co. is taking the offensive against environmental groups that have put legal roadblocks in the company’s path to offshore drilling in the Arctic Ocean. The Houston-based company on Wednesday sued 11 Alaska Native or environmental organizations that have …