- Reuters•11 months ago
The world's biggest manufacturer of icebreakers, or ships that can navigate ice-covered waters, Arctech is poised to benefit from an expected flurry of activity in the Arctic, which is being reinforced by U.S. President Barack Obama's Arctic push. As climate change is melting sea ice and opening the Arctic to more shipping, mining and oil drilling, icebreakers will forge waterways for other ships, carry out rescue missions and do stand-by duties for oil platforms in the region. "We are getting inquiries from several countries who have Arctic regions, or companies from such countries," said Esko Mustamaki, Arctech's managing director, sitting in his office at the vast shipyard as workers nearby still wearing helmets cycle off for lunch breaks on the compound.
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