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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
iceberg

Giant Iceberg Could Impact One of the World’s Busiest Shipping Lanes

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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July 12, 2017, 9:30 AM ET
A satellite view of Larsen B Ice Shelf
ANTARCTICA - FEBRUARY 2000: The Larsen B Ice Shelf, Antarctica. Global warming and climate change eventually led to the collapse of the Larsen B Ice Shelf in Antarctica during 2002. Satellite image taken on 21 February 2000. Photo by USGS/NASA Landsat data/Orbital Horizon/Gallo Images/Getty Images)USGS/NASA Landsat data/Orbital Horizon/Gallo Images/Getty Images
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While scientists examine the environmental impacts of the massive iceberg that has broken off of Antarctica’s Larsen C ice shelf, the shipping world is keeping its eye on the potential financial impact.

Should the 1 trillion ton iceberg, which is larger than Delaware and more than twice the size of Rhode Island, begin to migrate, it could be a substantial disruption to transportation. The Drake Passage, a gap between Cape Horn at the bottom of South America and Antarctica’s South Shetland Islands, is one of the world’s busiest international shipping lanes.

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And scientists say they’re not sure what the iceberg will do, now that it has calved (science-speak for separation).

“The iceberg is one of the largest recorded and its future progress is difficult to predict,” said Professor Adrian Luckman of Swansea University, lead investigator of the MIDAS project. “It may remain in one piece but is more likely to break into fragments. Some of the ice may remain in the area for decades, while parts of the iceberg may drift north into warmer waters.”

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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