Africa on Way to Become Hub of Sea Trade The African continent has the potential of becoming the new hub of trade in the maritime world due to maritime traffic congestion , Red Sea conflict and increasing attacks by pirates operating from the Somalian coast with global shipping companies seeking alternative sea routes and land
DP World Lease Extension at $ 2 billion Investment The Government of Mozambique recently approved a 25-year extension of lease of its Port of Maputo to the operator consortium, upto the year 2058 , led by DP World including Mozambique’s state-owned railway operator .The approval incorporates a $2 billion investment and expansion plan with an
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
