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Seoul’s Acquisition of US Shipyard – Is China Next

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

Ore Carriers & Reko Diq Copper Gold Barrick’s Logistic Nightmare

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 & 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

New York Port Mafia & Pakistan

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

Ports Reduce Cost of Doing Business in Pakistan

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

Copper Gold Investment & Mining Regulatory Regime

Reko Diq Copper Gold Mining project in District Chagai of Balochistan Background In the year 1993 the Balochistan Development Authority (BDA) and Chagai Hills Exploration Joint Venture Agreement (CHEJVA) entered into a joint venture in which the shareholding constituted of Foreign Investor at 75 % and BDA at 25 % and BDA was entitled to

India’s Deep Water Port to Counter China

India’s Knee Jerk Approach to China’s Maritime Dominance The nationalist fervor prevailing in India is spilling into the maritime sphere and its nationalists visualise the 7,500 km coastline as a connecting artery with the world's busiest shipping routes. It is perceived that China has invested heavily in Sri Lankan ports at Colombo and Hambantota. India’s

Sovereign Funds Muscles

Sovereign Funds Hidden Agendas The scale of operations of Sovereign Funds is worrisome. In the year 2017 Norway’s sovereign wealth fund (SWF) exceeded USD 1 trillion in value signifying that countries have more financial muscle then private corporations. Apple and Amazon being enormous IT companies have exceeded this threshold. What is worrisome is that SWF’s

By |2023-08-28T02:52:56+00:00July 24th, 2023|Categories: Economy Finance & Transparency|0 Comments

ABC of Economy

Random Musings on Economy Part - I Curse of Banking Spread In the year 2008 the banking spread  or rate difference between what banks pay as interests to depositors and what they charge on loans to business was 7.05 % which was the highest in the world . The banking spread in the US at

Money Laundering & Terrorism

UAE no longer attractive Investment Hub for " Hot money " Financial Action Task Force (FATF) , a Paris-based global watchdog , has categorised UAE  on the FATF  'gray list' endangering its position as a regional financial centre . Now transactions and commercial trade in the seven Emirates of the United Arab Emirates are strictly

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