The rapid warming of the Arctic region leads to numerous consequences. One of these is the melting of polar sea ice. This allows for more naval activity in the region, especially in resource extraction, shipping, fishing, and cruising. The economic viability of such shipping routes, however, remains questionable. Geography, climate, weather, technology, and Indigenous interests are key concerns to the question whether- and to what extent the Arctic should be traversed by commercial vessels. Furthermore, the environmental impact of naval activity could outweigh any economic benefits. The main question to be answered is what strategy Arctic states should take to regulate Arctic shipping, bearing in mind and balancing the interests of various stakeholders.