Scrap and Recycling Ships Convention The HONG KONG INTERNATIONAL CONVENTION FOR THE SAFE and ENVIRONMENTALLY SOUND RECYCLING OF SHIPS, 2009 (known as the Convention) was adopted in Hong Kong in the year 2009. The Convention is aimed at ensuring that ships, when being recycled after reaching the end of their operational lives, do not pose
Decommissioning a Nuclear Powered Aircraft Carrier The construction of the USS Gerald R. Ford (CVN 78) commenced in the year 2009, designed in 2013 , commissioning got delayed till 2017 and became the lead ship in the Ford class fleet of aircraft carriers in 2021. Upgradation of technology with accompanying delays escalated the production process
Investment and Facilitation The National Investment Promotion & Facilitation Agency (NIPFA) of India was established in the year 2015 with the theme being “ Invest India “ and is the single point of contact for any investor coming to India . Gimmicks include relationship dedicated managers for any investor or group of investors who will
Significance of Undersea Optic Cables As low bandwidth and high latency of satellite data service was insufficient to cater to global telecommunication streams a phenomenal growth took place in digital global infrastructure comprising an intercontinental network of 400 undersea fiber-optic cable communications network which daily transmits approximately $ 10 trillion worth of financial transactions data
From Concept to Operations The Central Asia Regional Economic Cooperation (CAREC) Program is a partnership of 11 countries and development partners working together to promote development through cooperation leading to accelerated economic growth and poverty reduction. It is guided by the overarching vision of “Good Neighbors, Good Partners, and Good Prospects.” Geopolitical conflicts exacerbated disruptions
No Recognition but Trade goes on Despite having no official relations China is Taiwan’s largest trading partner and the US comes in a close second. Both countries maintain no official relations yet their two way annual trade rose to US $ 328 billion and the ready supply directly from Taiwan of processor chips is a
Crude storages post Ukraine Conflict The Saudi petrochemical conglomerate Aramco has recently made two strategic ventures with its biggest client.Rongsheng is China’s largest integrated refining and chemicals facility and the controlling owner of Zhejiang Petrochemical Corp (ZPC) and a huge manufacturer of polyesters .Aramco will supply ZPC with petrochemical feedstocks of naphtha and paraxylene being
Green Hype in the Desert & Women Empowerment Despite decades of hype and hopes for a move towards green energy fossil fuels account for more then 90 % of transportation of people and goods for trade. The phenomenal growth in shale oil production in Canada and the US continue to shake Middle Eastern and OPEC
Kazakhstan China Extend Collaboration in Logistics Increasing collaboration between Kazakhstan and China is significantly reducing transportation time for goods from China via Kazakhstan rather then using the Black Sea route. Transiting across Kazakhstan will take around 6 days whereas goods enroute to the Black Sea from China will take 14 days. Kazakhstan’s rigorous efforts to
Diplomacy & Dollars The recent embrace between Turkiye (renamed at the UN) and Saudi Arabia culminated in a deposit of $ 5 billion by the Saudi Development Fund with the Central Bank of Turkiye whose net foreign exchange reserves had slumped to less then $ 20 billion this year .No conditions appear to have been
