In the tanker industry, there are a lot of uncertain conditions that tanker companies have to deal with.For example, the global financial crisis and economic recession, the increase of bunker fuel prices and global climate change. Such conditions have forced tanker companies to change tankers speed from full speed to slow speed, extra slow speed and super slow speed. Due to such conditions, the objective of this paper is to present a methodology for determining vessel speeds of tankers that minimize the cost of the vessels under such conditions. The four levels of vessel speed in the tanker industry will be investigated and will incorporate a number of uncertain conditions. This will be done by developing a scientific model using a rule-based Bayesian reasoning method. The proposed model has produced 96 rules that can be used as guidance in the decision making process. Such results help tanker companies to determine the appropriate vessel speed to be used in a dynamic operational environmental.

The opening of the Northern Sea Route as an alternative route for transporting cargoes between the 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. This situation will not only affect the maritime business activity in the Straits of Malacca but also, the Malaysian economy in different perspectives when the vessels sail via the Suez Canal and the Indian Ocean are expected to decrease. The objective of this study is to analyse the implication in the opening of the Northern Sea Route on Maritime Sector of the Malaysian economy by using PESTEL analysis. The main scope is focusing more on the Malacca Straits shipping activity by using a number of parameters that have been obtained from Port Klang and Port Klang Authority through a set of questionnaires and interview sessions with industrial experts.