Can a warming Arctic become an important commercial highway?

The conflict in the Middle East raises security concerns about traditional shipping routes, including the Bab al-Mandeb strait and the Suez Canal. At the same time, climate change has led to significant melting in the Arctic, making it navigable for longer periods. The first South Korean container ship to transit the Arctic route has arrived in the UK, raising questions about the viability of this alternative to existing shipping corridors.