China just pulled off a headline-grabbing Arctic voyage — and experts say it could shake up the world’s shipping map.
A Chinese container ship, the Istanbul Bridge, reached England on October 10, finishing a 20-day dash across the Arctic Ocean. The trip was almost 7,000 kilometers shorter than the usual Suez Canal route. Even after facing a rough storm near Norway, the Arctic shortcut still came out cheaper and faster.
This voyage is part of Beijing’s ambitious “Ice Silk Road,” a project that takes advantage of melting Arctic ice during certain seasons.
Faster, Cheaper, and Far from Danger
A single Arctic transit costs between $490,000 and $600,00, about 20% cheaper than the Suez Canal. But the savings aren’t the only reason China is excited. This route also allows Chinese ships to avoid trouble zones, including the Strait of Malacca, one of the world’s tightest chokepoints, and the Red Sea, a hotspot for
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