The key development will be PORT FACILITIES. If history is a good guide the Europeans will attempt to shift the costs off on the locals. The Chinese will be happy to build such facilities with exclusive access agreements.
The unfortunate cold, hard facts of life are that the Americans will want to protect the Arctic sharks first.
Logistics, logistics, logistics. The Chinese 'get it', and have the shipping to move cargo.
Unfortunately, we have farmed out just about everything but our bodily functions...