
#Economic publications
Will Arctic shipping routes really reshape the map of global trade?
The conflict in the Middle East and perturbations in the Strait of Hormuz have highlighted the fragility of the global maritime system. Against this backdrop, Arctic shipping routes are attracting renewed interest, as climate change makes navigation along them easier. Coface’s analysis shows, however, that within five years their commercial impact will remain marginal, although they could nevertheless offer significant benefits for certain commodity flows.








