South Korea's Net Zero Delayed by its LNG Development & Expansion Korea's main LNG imports are from Qatar ,Uzbekistan and Yemen. Globally the liquefied natural gas (LNG) tanker fleet comprised of 734 vessels in the year 2022 including floating storage units. South Korea is the third largest LNG importing country with Korea Gas Corporation (KOGAS)
World Maritime Supply Chains & Straits Maritime routes involve 5 crucial international waterways namely “ The English Channel, Malacca Strait, Hormuz Strait, Suez Canal and the Panama Canal". Each of these 5 waterways have had distinct disruptions with respect to supply chains. The English Channel has an advantage of modern Sea Ports with minimal collisions
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
Shipping & Environmental Air Pollution As maritime transportation plays an important role for world sea trade its contribution to air pollution and climate change cannot be brushed aside. The current population of the world merchant fleet of 100 gross tonnage and above is about 117,000 vessels and the total gross tonnage is 1.36 billion. Annual
Territorial Waters and Maritime Zones Act, 1976 (of 22 December 1976) Short title and commencement 1. (1) This Act may be called the Territorial Waters and Maritime Zones Act, 1976. (2) It shall come into force at once. Territorial waters 2. (1) The sovereignty of Pakistan extends and has always extended to the territorial waters
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
Variable Wind patterns complicating Navigation The blockage of the Suez Canal highlighted the vulnerability of global shipping and freight logistics to climatic changes. Extreme heat dries soil ,vegetation becomes scarce ,winds mobilize sand grains and ensuing sandstorms display strong and variable wind patterns complicating navigation in the passage of the Suez Canal .In the last
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
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
