The strategic insights of Arctic sea routes for the sustainable development of Taiwan's shipping industry.

In recent years, the Arctic Ocean has been experiencing the impacts of climate change. Global warming has led to the melting of ice caps and a significant reduction in ice coverage. As a result, the Arctic Ocean has indirectly opened up two new shipping routes known as the "Northeast Passage" and the "Northwest Passage." The opening of these new routes has the potential to transform Northeast Asia into a major transshipment hub, linking the Indo-Pacific and Europe regions. Novel business models are also generated and investigated within the maritime industry. This study involved conducting semi-structured interviews with potential stakeholders from industry, government, and academia. Additionally, qualitative analysis software- NVivo11 was utilized along with grounded theory for data analysis. The rationale supporting this view includes the advantages of Taiwan's shipping industry, its strategic geographic location, and the potential for shorter shipping routes through the Arctic. Additionally, Taiwan can establish conducive conditions to enhance its international standing and diplomatic relationships concerning Arctic Ocean matters. This initiative will facilitate the sustainable development of Taiwan's maritime industry in the Arctic region. • The evolving perspectives of Taiwan's maritime and transportation industry in balancing economic and environmental considerations. • Incorporating stakeholders' feedback into policy formulation: Perspectives and insights. • Positioning and reflections on Taiwan's development strategy for the Arctic sea routes. [ABSTRACT FROM AUTHOR]