Global warming has significantly reduced summer ice coverage in the Arctic region, providing long-awaited opportunities for the shipping industry to open new routes through a region known for its harsh navigational conditions. If a shortcut between Asia and Europe via the Northern Sea Route (NSR) is adopted, significant energy saving and pollution reduction are possible compared with conventional southern routes. However, opinions in literature differ regarding this shortcut’s economic viability. We present an analysis from the perspective of COSCO, China’s largest container sea freight operator. We perform a cost–benefit analysis under several scenarios considering the following current realities: (1) declining oil prices not seen for decades, even lower than the lowest prices assumed in previous studies; (2) declining Russian NSR tariff as an effort to attract shipping traffic; (3) possible emission control areas along a northern route may require much cleaner energy and thus impact costs not studied in previous models; and (4) the capital cost difference between a hired and a self-owned vessel. Classical case studies of shipping routes between Shanghai and Rotterdam are adopted for comparison. We explain how different factors impact the shipping costs and to what extent can the NSR be economically viable. Occasional usage of NSR (e.g., one time transit) is unlikely to be more profitable given the higher unit transportation cost, but the route could be economically competitive in terms of the total profits earned for continuous usage. A more aggressive scenario which requires ships on the NSR to switch to much cleaner fuel would erode this route’s competitiveness, but extra environmental benefits should be taken into consideration if future carbon emission trading schemes include the shipping industry.

Intermodal transport is widely believed to be an efficient way of organizing transportation activities because of its significant role in reducing logistics costs and emissions of air pollutants, which copes with the ever-increasing economic and environmental concerns. This paper applies the multiple streams framework (MSF) to analyze three streams (e.g., the problem stream, policy stream, and politics stream) in setting policy agenda for sustainable intermodal transport in China. By restricting the attention to the opening of the policy window and the coupling of the three streams, the motivation, process, and trend of formulating intermodal transport policy are systematically discussed. The findings show that the key to setting the policy agenda for sustainable intermodal transport in China is to strengthen collaboration among multiple interest groups, boost the national mood, and diversify the identity of policy entrepreneurs. This paper not only verifies the applicability of the MSF, but also helps us to better understand how sustainable intermodal transport policy is formulated in China, thus promoting future policy making.