Acquisition of Philly Shipyard Hanwha Systems and Hanwha Ocean have acquired Philly Shipyard and strategic plans are in place to invest $100 million to globally expand defense and shipbuilding operations . Philly Shipyard is a leading U.S. shipbuilder that has delivered around half of the merchant navy vessels in the United States since the year
US Congressional Research Service US sanctions on Iran already ban most U.S trade , block Iran government's assets in the U.S. and prohibit U.S. foreign assistance and arms sales as per the Congressional Research Service . A large number of people and companies Iranian as well as foreign have been the subject of sanctions .
Basics of Ship Construction The initial stages of construction revolve around fabricating, piece by piece, the structure of the vessel. The panels are created and shaped into blocks which are chunks of the ship’s structure that can weigh dozens of tons. The blocks are then blasted ,painted then processed in the final stages of outfitting
Internet Traffic through the Ocean The internet traffic travels underwater and at the bottom of the oceans through almost 1.5 million km of submarine fiber optic cables. It can be safely said that 99% of all international internet data is transferred through a labyrinth of cables stretching along the seabed which is crisscrossed with 229
Political Strife & Maritime Sector Development Oil exports ,predominantly from Iraq's ports, is its economic lifeline and the main contributor to GDP. Even in times of political strife Iraq has remained focused on maritime sector development .The state owned General Company for Ports Of Iraq was established in 1919 and consistently undertakes port development and
Bleak Future of Offshore Turbines Soaring inflation, rising energy costs and global temperatures have demolished any vision of achieving electricity generation of 70 % through renewable energy sources by the 2030's whether in the US or EU. Vested stakeholders within the US and EU underestimated the market of offshore turbines being rudely jolted by these
Polar Ice Vessels & Ramming Ocean going research vessels require accurate and precise navigation as all oceanographic sampling is associated with a time and location.Navigation methods have changed from earlier traditional methods of using sextant and chronometer to satellite positioning. Polar research vessels features incorporate endurance upto 90 days, helicopter support, special provisions for cold
UAE no longer attractive Investment Hub for " Hot money " Financial Action Task Force (FATF) , a Paris-based global watchdog , has categorised UAE on the FATF 'gray list' endangering its position as a regional financial centre . Now transactions and commercial trade in the seven Emirates of the United Arab Emirates will be
Decommissioning a Nuclear Powered Aircraft Carrier The construction of the USS Gerald R. Ford (CVN 78) commenced in the year 2009, designed in 2013 , commissioning got delayed till 2017 and became the lead ship in the Ford class fleet of aircraft carriers in 2021. Upgradation of technology with accompanying delays escalated the production process
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
