Alaskan deepwater port study canned

Alaskan deepwater port study canned

A feasibility study for a $210m deepwater port to be built in Nome in Alaska has been suspended, following Royal Dutch Shell’s decision last month to pull out of Arctic deepwater drilling in the Chukchi Sea.

“On Sept. 28, Royal Dutch Shell Oil announced it was suspending exploration activities in the Arctic for the ‘foreseeable future,’ bringing into question the validity of the current economic assumptions and the overall justification for the project,” the US Army Corps of Engineers said in a statement.

In 12 months, the Corps, the state of Alaska and the city of Nome will assess whether to proceed with the study.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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