The Implication in the Opening of Northern Sea Route on Maritime Sector of Malaysia Economy

The opening of Northern Sea Route as an alternative route for transporting cargoes between Far East and Europe seems highly acceptable by shipping companies due to the great saving in fuel consumption, bunker cost, operating cost, emissions and journey time. These situations will automatically affects the Malacca Strait business activity and Malaysian economy in different perspectives when the vessels sail via Suez Canal and Indian Ocean are expected to decrease. The objective of this study is to analyse the implication in the opening of Northern Sea Route on Maritime Sector of Malaysian economy by using Political, Economic, Social, Technological, Environmental , and Legal (PESTEL) analysis. The main scope will be focused more on the Malacca Straits shipping activity by using a number of parameters that will be obtained from Port Klang and Port Klang Authority and discussed the implications to the Malaysia’s economy.

• Supplemental Notes:
  • Abstract reprinted with permission of Hong Kong Polytechnic University.
• Corporate Authors:

  Hong Kong Polytechnic University

  Department of Logistics and Maritime Studies
  Tung International Centre for Maritime Studies
  Hong Kong,   China 
• Authors:
  • Rahman, N A
• Conference:
  • International Forum on Shipping, Ports and Airports (IFSPA) 2014: Sustainable Development in Shipping and Transport Logistics
  • Location: Hong Kong , China
  • Date: 2014-5-19 to 2014-5-21
• Publication Date: 2014-8

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; Maps; References; Tables;
• Pagination: pp 544-553
• Monograph Title: Proceedings of the International Forum on Shipping, Ports and Airports (IFSPA) 2014: Sustainable Development in Shipping and Transport Logistics

Subject/Index Terms

• TRT Terms: Cargo ships; Economic development; Environmental impacts; Legal factors; Political factors; Port operations; Ship lines; Technological innovations; Water traffic
• Identifier Terms: Northern Sea Route; Suez Canal
• Geographic Terms: East Asia; Europe; Indian Ocean; Malaysia; Port Klang (Malaysia)
• Subject Areas: Economics; Marine Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 01542597
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 29 2014 11:27AM