China Opens New Trade Route in the Arctic

China is opening a new trade route in the Arctic due to the crisis in the Strait of Hormuz. This route could change the trade between China and Europe.

The Northern Sea Route, which follows the northern coast of Russia within the Arctic Circle, is only navigable during the warmer months. This route could reduce the travel time between China and Europe by up to half for some ships, but it also brings ecological and political risks. The Sea Legend company has launched a regular container shipping service in the Arctic, which could facilitate trade between China and Europe, but also carries ecological and political risks.