Months of disruption through the Strait of Hormuz have prompted a rethink of global supply chains, with South Korea now following China in pushing to commercialise the Arctic shipping route to Europe.
South Korea aimed to open a regular route through the waters by 2030, following a trial voyage set to debut later this year, according to a broader maritime development plan released on Tuesday by Seoul’s Ministry of Oceans and Fisheries.
“To prepare for the Arctic shipping era approaching after 2030, we will phase in the opening of the route according to long-term national strategies,” the ministry said, adding that a trial service between Busan and Rotterdam would launch in the second half of this year.
Seoul would also expand its national icebreaker fleet, train polar experts and strengthen international cooperation, it said.
The move would make South Korea only the second major Asian nation after China to explicitly develop the Arctic route as a commercial link to Europe.
Chinese carrier Sea Legend Line launched its China-Europe Arctic container express route last October, sending a vessel from Ningbo to the UK’s Port of Felixstowe. The planned 18-day journey stretched to 20 days after a storm in the Norwegian Sea, yet it still held a significant advantage over the roughly 25 days required by the China-Europe Railway Express, the 40-day journey through the Suez Canal and the 50-day route around the Cape of Good Hope.
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