Abstract
The prospect of being able to shorten the route between Europe and the Far East using the NSR as a permanent shipping lane is attracting increasing interest. This is why the use of the NSR is now a major topic, especially in financial circles, amongst politicians, and shipping operators. Numerous assessments to determine the potential cost advantage of using the NSR as a transit route have been conducted throughout recent years. These are, however conflicting in their conclusions and a final answer to the question is therefore lacking. The primary aim of this research is the application of decision-making tools to analyse the current routes of the NSR. Accordingly, this will lead to the development of decision-making techniques that will formulate a tool for shipping companies to select the most cost-effective route(s) for travelling between the Far East and European regions.
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