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US & EU Sanctions Panama Canal is a marvel of maritime architecture and facilitates global ocean borne trade. The progressive development did not take place overnight though . Panama was targeted as a facilitator in illicit trade of petroleum and crude of Iran and after the conflict in Ukraine a fresh salvo has been fired
Part II UNCLOS and Economic Rights Coastal States The United Nations Convention on the Law of the Sea (UNCLOS) grants special rights to the coastal states with regards to exploration and use of marine resources, including energy production in the area in its jurisdiction at times termed as exclusive economic zone. Economic Control of Waters
Offshore Renewables Part 1 As part of the fabled “Blue Economy “the Indian Ocean is observing research being extensively carried out in the sphere of maritime oriented renewable energy sources. Proponents of offshore renewables are advocating marine ecologically compliant polices regulating maritime energy development, and concurrent institutional frameworks to assess environmental impact on marine habitats
Russian Crude at Discount With the increase in ocean borne trade and vessels the incidents of blasts and spills have correspondingly increased at ports and coasts. Although the maritime sector is relatively regulated rising costs of insurance of ships lets inspections and survey of ships worthiness slip in some jurisdictions. The shipping sector has witnessed
Largest Wheat Importer The population of Egypt, the most populous Arab state, is around 104 million and to put things in perspective is perhaps the worlds biggest importer of wheat. The impact of the conflict in Ukraine and subsequent hiking of interest rates, accompanied by a surge in global energy prices compelling foreign investment to
As reported by Euractiv , in the year 2021 records were created for cocaine seizures in the Belgian port of Antwerp. The port of Rotterdam has millions of containers unloaded at its berths acquiring the distinction of being Europe’s largest seaport unfortunately correspondingly increasing amount of cocaine are entering. A drug cartel operating from the
Term Blue Economy The term “blue economy” entered common parlance after the United Nations (UN) Conference on Sustainable Development held in the year 2012 to promote marine ecosystem integrated management .Yet the ensuing concluding remarks did not allude to the word blue. The emphasis during the UN conference was about building adequate capacity for
Post Floods & Inland Waterway Development Flood waters have not completely receded in the province of Sindh and flood rehabilitation efforts need to be intensified in terms of flood management, building protective dykes, rebuilding infrastructure, excavation and dredging of canals and initiating Inland Waterways for Cruise and Freight with logistic nodes along the length of
Global Naval Maritime Exhibition Abu Dhabi NAVDEX 2023 is the region’s leading naval defence and maritime security exhibition scheduled to take place in February 2023 at Abu Dhabi under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE. Such conferences , exhibitions and events can be categorised as segments of the
Sanctions & Disruption of Energy Supply Chain Courtesy The Japan Times After the conflict in Ukraine erupted Russian supply of oil and piped gas to the European Union got severely disrupted. The US and EU imposed sanctions as well as a price cap on Russian crude. The ostensible purpose seems to be to curb Russia's
