Maritime Educational Endowment Fund Federal Minister for Maritime Affairs Mr Junaid Anwar Chaudhry announced the launch of a Maritime Educational Endowment Fund sharing that the initiative will cultivate a skilled maritime workforce essential for the country’s future. He emphasised that the Maritime Educational Endowment Fund underscores his ministry's dedication to sustainable human capital development as
Indus Basin Water Treaty The of 1960, between India and Pakistan brokered by World Bank laid down a mechanism as to how to share and manage water what was then essentially a unitary network of irrigation. In 1948 waters of Indus river were apportioned by ‘Inter-Dominion Accord’ requiring India to release sufficient water to Pakistani
SPM A single point mooring (SPM) is a floating buoy or jetty anchored offshore for handling liquid cargo such as petroleum products for tanker ships deployed in areas where a dedicated facility for loading or unloading liquid cargo is not available. A SPM is an all-weather facility and sometimes the cheapest entry point for liquid
ABC of IMF-Pakistan Agreement Sans Trade & Logistics IMF Country Report No. 24/310 of October 2024 - Article IV Consultation and Request for an Extended Arrangement under Extended Fund Facility External Financing Support Pursuant to economic stability achieved under the 2023 Stand-by Arrangement (SBA) the International Monetary Fund (IMF) and Pakistan finalized an agreement on
South Korea collaborates withVietnam in Shipbuilding Sector The HD Hyundai Vietnam Shipbuilding (HVS) was established in the year 1996 as a joint venture between Hyundai Mipo Shipbuilding and Vietnam National Shipping Corporation and is acknowledged as the first successful project of overseas expansion of the Korean shipbuilding industry. Initially it came into being as a
Green Shipping Fuels Myths The global liquefied natural gas (LNG) tanker fleet inclusive of floating storage units crossed the figure of 772 this year. Although LNG carriers have been capable of utilising boil-of-gas as a fuel for steam turbines for over fifty years it was not till the year 2000 that a non-LNG carrier vessel
China Leads in Renewables China has emerged as the leader in the development of renewable energy and by the year 2017, China’s wind and solar power capacity reached 168 GW and 130GW respectively, generating 5.3 percent of China’s electricity supply. Correspondingly in photovoltaic (PV) technology the price of PV modules decreased from about 30 Yuan
Turkiye Cancels Construction Deal It seems that as a reaction to Turkey’s unflinching support to Pakistan on the Kashmir issue India canceled a contract with a Turkish firm involved in a ship-building project in India .This cancellation took place while India was hosting the Chief of the Hellenic National Defense General Staff at a fighter
Hydrography & Monaco The International Hydrographic Organization (IHO) is an intergovernmental organisation established in 1921 to promote cooperation among maritime nations in the field of hydrography and nautical charting. The IHO's main objective is to ensure that all the world's navigable waters are surveyed and charted to modern standards . The IHO is responsible for
Insurance Costs Surge on Red Sea Routes Isn't it intriguing that only the major container lines and not tankers, LNG and bulk carriers have diverted from the Red Sea routes. A Suezmax tanker with a load of 750,000 barrels priced at $80/bbls is a cargo worth around $60 million. At a war risk insurance of
