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
Israel Haifa Port & US Maritime Concerns India's Adani Ports Group along with a Israeli logistics group acquired Israel's premier Mediterranean Sea Port of Haifa .The Adani Ports conglomerate is expanding its portfolio in Israel and future plans include establishing of a trade and strategic gateway connecting the Port of Haifa and Middle Eastern region
Reko Diq Copper Gold Logistics A massive ore ship has been constructed by China Shipbuilding Industry Corporation (CSIC) having the capacity to transport 400,000 metric ton deadweight (DWT) roughly equivalent to 6000 freight train carriages. Sailing under the Hong Kong flag it has a draught of 23m and a fuel bunker allowing it to transport
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
Third Phase SENSREC The International Maritime Organisation shared as far back as on 31st of July, 2020 that the third phase of an IMO-implemented SENSREC project to enhance safe and environmentally sound ship recycling in Bangladesh has been given the go-ahead. The SENSREC Phase III will focus on improving ship recycling standards in compliance with
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
Chile is a maritime country enjoying a privileged position in South America endowed with more than 4,300 km of coastline facing the Pacific Ocean without taking into consideration the coastline of Chilean Antarctic Territory extending to the South Pole. Chile’s coastline has 8 major public seaports and this number has remained constant since long .The
IMO Identification The International Maritime Organization (IMO) members realised the requirement for establishing of a mechanism to enhance maritime safety, achieve pollution prevention and facilitate the prevention of maritime fraud.The IMO in the year 1987 adopted resolution A.600 (15) which became mandatory 1st January 1996 onwards. Every merchant ship which is self propelled and above
LNG Carrier Survives Collision A bulk carrier of 35,400 dwt collided with a 162,000 cbm and 289 meters long LNG tanker off Gibraltar last August .The LNG vessel is owned by an Omani company and flagged in the Marshall Island.The bulk carrier was beached on a sandy seabed at 17 m depth .The damage caused
