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
Integration of Artificial Intelligence The rapid advent of Artificial Intelligence (AI) , its integration and grudging acceptance in the Maritime Industry will have a wide impact. The maritime sector has traditionally been labour intensive. In the face of unionized labour seaports across the globe are finding it challenging to introduce AI despite the viability of
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
Women and IMO Support Credit UN News Maritime and shipping has historically been a male dominated industry . The International Maritime Organization (IMO) discovered that women represent only 1-2 % of the world’s 1.25 million seafarers and they mostly work in cruise ships. The mission of a merchant ship is to carry cargo from one
UN Refugee Agency informs Refugees missing in the Mediterranean As informed by the UN Refugee Agency more than 3200 refugees died or went missing in the Mediterranean Sea in the year 2022 inclusive of children accompanied by mothers. Some refugees are Syrians coming from Lebanon or Turkey and attempting to cross over to Europe across
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
The need for a comparative study and research as to the number of women at operational roles at seaports in the maritime nations is intensifying. No such latest and updated study is available
