The wave activity associated with the shipping, such as the disturbance caused by ships going through the water, would not have a significant impact relative to waves associated with the wind and the natural erosion processes that are occurring in the north.
Evidence of meeting #14 for National Defence in the 40th Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was arctic.
A recording is available from Parliament.