Josh Jidza

And each time it took several months to negotiate access for a repair vessel to come in and fix the cables.

Yeah, for...

A few years now, there have been a couple ideas proposed, the most ambitious of which is to run a cable across the North Pole.

Two cables, one through the Northwest Passage and one across the North Pole.

The North Pole one is the farthest in the planning stages.

Yeah, it's extremely difficult.

And what the icebergs do is they drag along the bottom of the ocean and dig up the cables, cut them, crush them, which is an additional problem because it's difficult to go fix them if it has covered in ice.

Yeah, they're saying a little under a billion for the first leg, which would go from Norway to Japan.

The full cable, they're saying around two billion.

No, yeah, there's no ice-capable cable ship, cable ships available.

Well, people have actually tried to do this in the Arctic before and it has run into problems for this reason.

But icebreakers are expensive.

Cable ships are a niche vehicle.

And so no one has put the two together yet.

So the EU has put some money towards the Arctic route, towards exploring it.

They're going to do a route survey this summer.

They're doing some other studies to see how it could work, what the best route would be to avoid icebergs, how repair would work, those sorts of things.

There's been more and more interest.

I think this Red Sea problem has been an unknown issue for a long time.

These cuts plus increased...