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Between 1906 and 2006 only 69 ships made the journey but in 2009 alone 24 vessels made the journey, according to Canadian maritime law expert Michael Byers, Germany's Der Spiegel newspaper reported.
Icelandic President Olafur Ragnar Grímsson recently claimed that the route was becoming a "trans-Arctic Panama Canal," the paper said.
Der Spiegel reported that new ships are being designed to cope with icebergs on the journey.
The MV Nordic Barents is due to arrive in the Chinese port of Lianyungang after a 3,500-mile journey through the Arctic Ocean from the Norwegian port of Kirkenes, the newspaper said. A Russian icebreaker sent to protect the ship, which was carrying iron ore concentrate, was not needed with broken ice floes only passing nearby twice.
The final payment of £59.5 million, writes off the crippling debt that was the price for one world war and laid the foundations for another.[...]
“On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany,” said Bild, the country’s biggest selling newspaper.
Most of the money goes to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles, where Germany was made to sign the ‘war guilt’ clause, accepting blame for the war.