One Ocean Expeditions offers two annual Northwest Passage sailings on its Russian research vessel, Akademik Ioffe. David McEown
One Ocean Expeditions offers two annual Northwest Passage sailings on its Russian research vessel, Akademik Ioffe. David McEown
One Ocean Expeditions offers two annual Northwest Passage sailings on its Russian research vessel, Akademik Ioffe. David McEown
One Ocean Expeditions offers two annual Northwest Passage sailings on its Russian research vessel, Akademik Ioffe. David McEown

Cruise the Northwest Passage in Canada’s high Arctic


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With a plodding movement that’s lumbering and elegant all at once, the polar bear traces its way down a finger of partially submerged land, its nose in the air, the late-afternoon light shimmering off the wet stones beneath its massive paws. Save for the gentle lapping of water against the zodiac’s hull and the cicada-like symphony of camera shutters, there is silence – none of us are even breathing as we soak in this blissfully close encounter. The adolescent male has done the opposite of what polar bears usually do when they encounter camera-toting travellers in Canada’s high Arctic, and has stuck around to have a sniff of the frigid late-summer air. He gives our group, just feet away, the odd curious glace between nibbles of the countless beluga whale skeletons that litter the beautiful Cunningham Inlet on Somerset Island.

Northern Canada has been on my bucket list since I was a child, when I would gaze up at a schoolroom map on which the Canadian Arctic Archipelago, a sprawl of more than 36,000 islands, was so dominant, so distant, so exotic. It seems I wasn’t the only one; the Northwest Passage, a 1,500-kilometre shortcut between Europe and Asia across the roof of North America, has fascinated explorers for centuries, with many losing their lives in its pursuit. Only in the past decade has melting ice opened a seasonal window during which ships might pass through unscathed. However, even though the increasing number of cruise ships bound for the high Arctic heralded in a tentative new era for the Passage, its dangers remain poignant.

I'm attempting the journey with Canadian polar junkies One Ocean Expeditions, which offers a pair of Northwest Passage sailings annually on its stout Russian research vessel, Akademik Ioffe. It's a route that draws intrepid travellers for many reasons. There are avid birders hoping to spy red-throated loons, cackling geese and gyrfalcons. There are expedition cruisers who have ventured to the likes of Antarctica and Spitsbergen, and are ticking the emerging route off their own lists. And there are history fans inspired by recent discoveries that have brought the passage's rich history to life once again.

Explorers have been searching for the Northwest Passage since Italian navigator John Cabot first attempted the journey in 1497, with Norwegian polar pioneer Roald Amundsen finally succeeding four centuries later. Since that first successful passage in 1906, there have been less than 250 transits (of which only 50 were operated by cruise vessels), with the majority taking place in the nine years since an "ice-free" summer window was created by global warming. Despite the reduction of sea ice, the Northwest Passage remains a treacherous undertaking; in 2010 it took 40 hours to evacuate 120 passengers from the grounded Clipper Adventurer. Passengers on the luxurious Crystal Serenity vessel, which transited the Passage in August, were reportedly required to take out US$50,000 (Dh183,700) evacuation insurance policies. Less a defined route than a myriad of possible waterways, of which fewer than 10 per cent are charted, a cruise through the Northwest Passage today is as much an adventure as it was under sail.

However, there’s a big difference between watching the desolately beautiful landscapes of Nunavut – the newest, largest, northernmost and least populous territory of Canada – drift by while you enjoy a multi-course degustation meal, and actually tackling the destination like so many explorers past.

My fellow travellers and I had joined the 98-passenger Akademik Ioffe in Cambridge Bay, a tiny hamlet on Victoria Island, which is a common departure point for research vessels delving into the Arctic Ocean.

In many ways, Cambridge Bay, with a population of just 2,000, spans eras of Arctic exploration. In the inlet, the timber and iron remains of The Maud, Amundsen's ship from his second Arctic expedition, have been returned to the surface as part of a multimillion-dollar salvage effort. Her blackened hull is a stark contrast to the low-slung buildings of the state-of-the-art Canadian High Arctic Research Station, which is set to open at year's end, bringing jobs and opportunities to this tiny, remote weigh station.

After a welcome from village elders we set sail south-east into Queen Maud Gulf and our attempt at the Northwest Passage begins.

The Akademik Ioffe may not have a signature spa or room service, but she is perfectly suited for exploring the high Arctic. Leased by One Ocean from Russia's Shirshov Institute of Oceanology, the Ioffe boasts an ice-rated hull, comfortable en-suite cabins, a central dining room and bar, a sauna and presentation theatre, and a rooftop Jacuzzi. My cabin has everything you need and nothing you don't, with plenty of storage, a comfortable single cot and a shy cabin attendant who giggles at my stumbling Russian.

At the core of any One Ocean expedition is education. The ship is run by a Russian crew, but a full complement of guides and naturalists bring the destination to life with regular lectures and daily excursions, zodiac cruises and kayaking itineraries. Our guides include the ever-smiling Atuat Shouldice, an Inuit guide and environmental inspector from Rankin; David Begg, a New Zealand mountain guide; and Katie Murray, a Scottish historian with a serious crush on John Franklin.

Franklin's ill-fated 1845 expedition, in which his two ships and 129 crew disappeared, inadvertently opened the Canadian Arctic Archipelago to exploration, with more than 50 unsuccessful rescue expeditions helping to define this vast and hostile territory. The Franklin Expedition's demise has remained one of the most fascinating Arctic mysteries, baffling historians and researchers until September 2014, when the Victoria Strait Expedition, a modern-day search party that included the Akademik Ioffe, discovered Franklin's HMS Erebus, submerged west of O'Reilly Island in Queen Maud Gulf. It was a major historic discovery, and one bolstered by the discovery this September of its sister ship, HMS Terror. Now all eyes are on the Northwest Passage and the secrets these ships may reveal.

After our close encounter with the polar bears of Cunningham Bay, we trail shy beluga whale pods back to the ship as the low-slung Sun casts the clouds in a warm amber hue, rays of golden light occasionally penetrating the canopy to captivating effect. Cruising Bellot Strait the next morning, passengers brave wicked winds on the bridge wings in search of musk oxen, ivory and herring gulls, and Arctic foxes. The Akademik Ioffe has an open-bridge policy, allowing guests the chance to watch the Russian crew in action as we navigate this 25km, wafer-thin waterway between Somerset Island and the Boothia Peninsula, passing Zenith Point, the northernmost tip of mainland North America.

After cruising along Prince Regent Inlet, we cross Parry Sound and reach Beechey Island, a comparatively tiny islet at the southern tip of Devon Island, the largest uninhabited island in the world. Beechey is an important destination on the itinerary; first visited by European explorers in 1819, this is where Franklin and his crew wintered in 1845-46 before disappearing. Remnants of his camp, which were not discovered until 1851, still remain, including the three gravestones of crew who didn’t survive the harsh winter. The monuments are alone and stark on a vast stony beachhead, a solemn reminder of the cost of Arctic exploration. Researchers believe many of Franklin’s men died from lead poisoning, either from the lead-soldered tins of provisions or from the ship’s water distillation system, although there are more macabre tails of cannibalism and treachery at the end of the Earth. As the wind whips across a natural breakwater between Lancaster Sound and Wellington Channel, with Arctic terns gliding on the stiffening breeze, expedition leader Boris Wise toasts the explorers who sought to tame this lonely land so far from home.

We encounter our first real ice in Croker Bay as we follow the southern coast of Devon Island, a scene so devoid of life it’s used as a simulation of Mars by Nasa. The northernmost point of our cruise, Croker Bay is home to two towering glaciers, their jagged faces pockmarked with caves that reveal a shimmering aqua-blue interior. We give way to a massive herd of harp seals before cruising the zodiacs close enough to the glaciers to hear the ice creak and groan.

Murray picks up on our competitive streak and motors to our northernmost point of the journey to a whop from her charges. We’re rewarded when the ship’s bartenders arrive dressed as Arctic penguins with mugs of hot chocolate.

The Arctic weather starts to flex its muscles that afternoon, and we’re forced to view the abandoned Royal Canadian Mounted Police barracks at Dundas Harbour – where unlucky recruits would be marooned for two years at a time – from afar. As ocean swells heave the ship to and fro, a pair of Arctic wolves watch us from shore, two white dots on an expansive coffee-coloured landscape of rocky peaks. The One Ocean team takes the change in itinerary in its stride and the captain sails us into Navy Board Inlet, which is protected by the towering peaks of Baffin Island to the west, and Bylot Island to the east. On the cusp of Eclipse Sound we land at Low Point, hiking to the top of a lichen-encrusted hill that offers brilliant views down to a grounded iceberg the size of an office block, which glistens and shimmers in the sun.

As we emerge from Pond Inlet, our transit through the Northwest Passage comes to at an end. We sail south down the east coast of Baffin Island, one of the most sought-after destinations in the Canadian Arctic thanks to its spectacular coastal scenery. This includes the aptly named Sunshine Fjord, where towering rock faces plummet to mirror-calm waters kissed by a surprisingly intense late-summer sun. We spot rare bowhead whales as we as we cross Isabella Bay, a protected whale sanctuary, arriving in the calm waters of Cumberland Sound, where a Hudson’s Bay Company whaling station has blossomed into the picturesque Inuit settlement of Pangnirtung. It’s a fitting finish to our expedition as we share tea smoked with Arctic heather with guides from the tiny hamlet. For the Inuit, who have learnt to endure the Arctic’s temperaments, the Northwest Passage is a bountiful landscape, and one they are now prepared to share with the curious world beyond.

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At a glance

Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free

Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland

UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”