Singapore-sized iceberg threatens global shipping

Singapore-sized iceberg threatens global shipping

LONDON — An iceberg estimated to be about the size of Singapore has broken off from Antarctica and could threaten shipping, NASA’s Earth Observatory announced on Nov 15.

BY –

14 MIN 19 SEC AGO

LONDON — An iceberg estimated to be about the size of Singapore has broken off from Antarctica and could threaten shipping, NASA’s Earth Observatory announced on Nov 15. The news sparked off tracking efforts by UK researchers, who were given a £50,000 (S$101,000) emergency grant to fund a six-month project predicting the movements of the 700 square km giant block of ice and possible environmental impacts. The team will track the progress of the iceberg through satellite data, reported The Daily Telegraph.The iceberg broke off from the Pine Island Glacier four months ago, and while it could move eastwards along the Antarctic coast, it could also float into the South Atlantic Ocean, where researchers fear it could cross busy international shipping lanes and be hazardous to ships.

One of the largest and fastest moving glaciers in the Artarctica, the Pine Island Glacier reflects environmental issues because of its high melting rate. Two years ago, NASA scientists found a huge 30.5km crack across the glacier.

Prof Grant Bigg, project leader from the University of Sheffield, said: “Its current movement does not raise environmental issues, however a previous giant iceberg from this location eventually entered the South Atlantic and if this happens it could potentially pose a hazard to ships.

“If the iceberg stays around the Antarctic coast, it will melt slowly and will eventually add a lot of freshwater that stays in the coastal current, altering the density and affecting the speed of the current.

Similarly, if it moves north it will melt faster but could alter the overturning rates of the current as it may create a cap of freshwater above the denser seawater.

“If these events become more common, there will be a build-up of freshwater which could have lasting effects.”

The work, which also includes scientists from the University of Southampton, will also test a technique which could in the future be used by ice hazard warning services. AGENCIES

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: