ABC of IMF-Pakistan Agreement Sans Trade & Logistics IMF Country Report No. 24/310 of October 2024 - Article IV Consultation and Request for an Extended Arrangement under Extended Fund Facility External Financing Support Pursuant to economic stability achieved under the 2023 Stand-by Arrangement (SBA) the International Monetary Fund (IMF) and Pakistan finalized an agreement on
South Korea collaborates withVietnam in Shipbuilding Sector The HD Hyundai Vietnam Shipbuilding (HVS) was established in the year 1996 as a joint venture between Hyundai Mipo Shipbuilding and Vietnam National Shipping Corporation and is acknowledged as the first successful project of overseas expansion of the Korean shipbuilding industry. Initially it came into being as a
Coastal Shipping integration with Inland Waterways India's Cabinet has approved the Coastal Shipping Bill, 2024 designed to eliminate the requirement for Indian-flagged vessels to acquire a general trading licence to operate in coastal waters causing shares of Shipping Corporation of India to soar. The background of the bill is the demand of Indian shipowners for
Dispute Resolution Defining Maritime Arbitration A maritime arbitration is any arbitration which has a certain relation with a ship.Such a relation involves the carriage of goods or passengers by sea, sale of second hand ships or construction or the chartering of floating crafts as diverse as a superyacht or offshore support vessel. Diversity and a
Traditional Male Dominance Threatened The maritime sector has traditionally been male dominated yet things appear to be changing.Women mariners are slowly entering the profession at different levels ranging from hospitality at cruise and ferry vessels ,container terminals, stevedoring, engineering, nautical and outright ownership of lines. Control of a Fifth of World Freight Credit ;MSC Captain
Acquisition of Philly Shipyard Hanwha Systems and Hanwha Ocean have acquired Philly Shipyard and strategic plans are in place to invest $100 million to globally expand defense and shipbuilding operations . Philly Shipyard is a leading U.S. shipbuilder that has delivered around half of the merchant navy vessels in the United States since the year
Reko Diq Copper Gold Logistics A massive ore ship has been constructed by China Shipbuilding Industry Corporation (CSIC) having the capacity to transport 400,000 metric ton deadweight (DWT) roughly equivalent to 6000 railway infrastructure carriages. Sailing under the Hong Kong flag it has a draught of 23m and a fuel bunker allowing it to transport
Deep Sea Mining & Diamonds Deep Sea Mining involves the extraction of valuable minerals from the ocean or seabed using specialised and sophisticated ships designed for the purpose of deep sea mining so that mining operations are not disrupted by unpredictable weather conditions that usually prevail and have the facilities on board to excavate deep
Port Authority of New York and New Jersey The Port Authority of New York and New Jersey is a joint venture between the states of New York and New Jersey established in 1921 through an an interstate bi agency compact. The Port of New York is the main gateway of the Eastern Seaboard of North
Spin offs and Economic Benefits of Ports in Pakistan A seaports economic impact stretches far beyond ports limits. Taking into account the direct and flow-on effects of trade entering and leaving the port area the added value supports a port cities businesses, communities and its people. Local Government Areas and the communities adjacent to the
