Tag Archives: China

CHINA BUYING HURTIGRUTEN – LEGIT POSSIBILITY OR NOT? A columnist set off a media firestorm by declaring it a ‘realistic scenario,’ but is it just idle clickbait speculation?

hurtigrutennorthernlights

An analyst snagged national headlines Thursday by suggesting China might buy Hurtigruten in the wake of the company’s COVID-19 scandal in an effort to further the country’s goal of establishing a major presence in Svalbard. Such a presence, along with that of countries like Russia, has for years been among Norway’s top security worries – but is the columnist offering a legitimate scenario or merely clickbait?

On one hand, we’ve been here before with China and large purchases in recent years, and it ended up being it ended up being something of a joke. On the other, another author who’s a foremost expert on Svalbard and Arctic conflicts declares “Hurtigruten will be sold, sooner or later” – although he suggests Russia might be the country more ideally suited to make a Svalbard power play.

Go USA…but go away China? Opposing reactions to two large-scale foreign investments in Svalbard

newdock

They’re both huge potential investments in Svalbard by foreign entities. One is being hailed as a key element of Longyearbyen’s post-mining future. The other is seen as undesirable and a possible threat.