Latest Tech News
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
China Leads in Renewables China has emerged as the leader in the development of renewable energy and by the year 2017, China’s wind and solar power capacity reached 168 GW and 130GW respectively, generating 5.3 percent of China’s electricity supply. Correspondingly in photovoltaic (PV) technology the price of PV modules decreased from about 30 Yuan
Turkiye Cancels Construction Deal It seems that as a reaction to Turkey’s unflinching support to Pakistan on the Kashmir issue India canceled a contract with a Turkish firm involved in a ship-building project in India .This cancellation took place while India was hosting the Chief of the Hellenic National Defense General Staff at a fighter
Mass Production of Laser Weapons South Korea is likely to commence this year mass production of low-cost laser weapons that has displayed remarkable success in shooting down small drones during testing. Such laser weapons can be deployed to target North Korean drones.South Korea will have the unique distinction of becoming the first country to deploy
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
South Korea Summit with Central Asian Countries South Korea 's summit with 5 Central Asian countries is an integral component of its fresh diplomatic strategy for Central Asia euphemistically termed as “Korea-Central Asia K Silk Road.” President Yoon Suk Yeol is embarking on state visits to Central Asian nations namely Turkmenistan, Kazakhstan and Uzbekistan to
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
South Korea Offshore Oil & Gas Exploration Kicks off The South Korean government has approved a large scale project of offshore exploration and drilling in the reserve off Yeongil Bay in Pohang to tap the country's massive gas and oil reserves estimated at 14 billion barrels (bbls0 . This may turn out to be one
