The Conference was organized by the Ministry for Foreign Affairs of Iceland with the support of other Ministries in Iceland and stakeholders. The main aim was to provide an opportunity for specialists and take holders on arctic development and shipping to exchange information on the Arctic shipping and the prospects of a Transarctic Route between the North Atlantic and The Pacific oceans. Also, the intent is to serve as an input into policy discussion of the Icelandic administration and of the Arctic Council. Thus the preparation for the conference was done in close cooperation with the working team of the Arctic Council’s Arctic Marine Shipping Assessment (AMSA) and its conclusions will contribute to this assessment.