Global warming. Trade. Economic savings?

The NY Times:

Two German ships are poised to complete that transit for the first time, aided by the retreat of Arctic ice that scientists have linked to global warming.

Good news, or bad news?

[The] Russians hope that the transit of the German ships will inaugurate the passage as a reliable shipping route, and that the combination of the melting ice and the economic benefits of the shortcut — it is thousands of miles shorter than various southerly routes — will eventually make the Arctic passage a summer competitor with the Suez Canal.

And where is this headed?

Though the window for sailing the route north of Russia is only a few weeks a year, it trims days to weeks off trips and saves fuel. For example, the voyage from Yokohama, Japan, to Rotterdam via the Northeast Passage is about 4,450 miles shorter than the currently preferred route through the Suez Canal, according to the Russian Ministry of Transport.

Neils Stolberg, the president of the Beluga Group, said this week that the Arctic transit was not an experiment but the beginning of opening the route to outside traffic. He said his company already had new contracts for taking 1,000 tons of goods from Asia to Siberia next summer.