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
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 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 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
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
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
