China to Ship up to 15% of Trade Through the Arctic

A Chinese shipping company is planning the state's first commercial voyage through the Northern Sea Route to the United States and Europe in 2013. By 2020, China could transfer up to 15% of the country's international trade through the Arctic. With thawing sea ice, countries are rushing to the Arctic hungry for its oil, gas and mineral deposits. China is mostly interested in using the Northern Sea Route for a more direct shipping link between east and west. 


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