Breaking The Ice
Bloomberg Businessweek|July 23, 2018

A tanker fleet this big that can travel this far north has never been built before

Eric Roston
Breaking The Ice

Until factories open on the moon or Mars, there’s no less hospitable an industrial workplace than Yamal LNG, a $27 billion liquid natural gas plant that lies in Russian territory 375 miles north of the Arctic Circle. In the winter, when there’s zero sun for more than two months, temperatures reach -13F on land and -58F in the blinding fog out at sea. But there’s a lot of fossil fuel in this wasteland—44 trillion cubic feet, the equivalent of about 8 billion barrels of oil. So Yamal LNG, controlled by Russian natural gas producer Novatek, has brought together partners to spend an unprecedented sum on a new kind of transportation that will be here much faster than self- driving cars or a casual afternoon spaceflight.

Conventional tankers still can’t handle the ice in the Arctic’s Kara Sea—even though it’s slowly but surely melting because of global warming. It would be extremely costly and time-consuming to provide smaller icebreaking ships as escorts for the tankers. That’s why an international collaboration of ship designers, engineers, builders, and owners is creating a minimum of fifteen 1,000-foot-long, $320 million tankers to break the ice themselves. “The vessel has to be able to perform her tasks in extremely harsh conditions,” says Mika Hovilainen, an icebreaker specialist at Aker Arctic Technology Inc., the Helsinki company that designed the ships. “Systems have to work properly in a very wide range of temperatures.”

This story is from the July 23, 2018 edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the July 23, 2018 edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BLOOMBERG BUSINESSWEEKView All
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 mins  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 mins  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 mins  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 mins  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ mins  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ mins  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 mins  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 mins  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 mins  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 mins  |
March 20 - 27, 2023