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Olafur Grimsson, president of Iceland, said Maine could be a major international shipping hub for the United States as the polar ice caps continue to melt and create new trade routes across the top of the globe.
The Bangor Daily News reported Grimsson highlighted the opportunities presented by that sea change during a presentation Friday at Maine International Trade Day in South Portland.
Grimsson said Icelandic shipping company Eimskip's relocation of its North American headquarters to Portland earlier this year shows that the city's access to the Northeast Passage is already "an economic and commercial reality."
Grimsson said that shipping route cuts travel to Asia by 40%, over the current route through the Mediterranean Sea and Suez Canal.
Perry Newman, president of Atlantica Group LLC and a former president of MITC, told the paper that Maine might need infrastructure improvements to become the U.S. shipping hub that Grimsson portrayed.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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