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
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
China's Foray into Far East Seaports China’s is expanding its global maritime footprint and this may be a cause of concern for the US. China is flooding huge private and public cash into Cambodia especially targeting the capital city of Phnom Penh and port cities like Sihanoukville.Currently major upgrades to the nearby Ream Naval Base
Arab Women in Logistics & Fashion The logistics sector is incorporating Machine Learning equipped with Artificial Intelligence (AI) and Cloud Computing .Realistically logistics is an area which defies complete automation as manual input is required for storing and collection of inventory data on Cloud Computing. Automating logistics does cut down on the overall cost of
Inland Waterways Part II Reducing Cost of Doing Business by lowering Freight & Transportation Charges Mr Arshad Abbasi , renowned Inland Waterway expert , has opined that the maritime or blue economy can be synergised with and expanded by inland water transportation (IWT). In his professional view all shipments from Peshawar to Karachi can be
Roots of Muslim Maritime Trade The history of transregional trade in the Indian Ocean is reflective of a vibrant trade from around the 1st century AD . With the expansion of Islam into India, East Africa and Southeast Asia the Indian Ocean began to cohere as a unified global economy and subsequently bound up in
Loan for Hambantota Port The Port of Colombo is located near the route between the Strait of Malacca and the Suez Canal, which is one of the busiest shipping lanes in the world. Around 36,000 vessels pass annually on this key corridor between Asia and Europe, including about 4,500 tankers. As the Port of Colombo has been
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
Role of Coastguards There is no consensus on the missions and organizational structure of coast guards around the world. Mostly coastguards are administratively deployed under civilian control with the purpose to maintain order at sea, ensure safety, prevent illegal fishing and protect the environment. In most countries for recruitment and training purposes the personnel or
Complexities of Maritime Laws In the last two decades there has been a tremendous development in maritime logistics, shipping and trade accompanied by advancement in technology, concern about exploitation of oceanic resources and a massive increase in the tonnage of sea going vessels. Approximately one third of global maritime trade, passes through the South China
