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Karachi Port Trust (KPT) has secured its first major revenue stream. This is under a new concession agreement with Abu Dhabi Ports Group (AD Ports). As per the sources, a signing ceremony was held in the presence of the Maritime Affairs Minister. Here the AD Ports subsidiary, Karachi Gateway Terminal (KGTL), gave a check of […]
Karachi Port Receives $50mn Upfront Payment from AD Ports Group Read More »
Recent statements by diplomats suggest that the 2024 BRICS summit will primarily focus on the de-dollarization agenda. The 2024 BRICS summit is scheduled to be held in Russia’s Kazan region in October. The 16th summit will see the addition of four new countries. Including the United Arab Emirates (UAE), Egypt, Iran, and also Ethiopia. Saudi Arabia could
De-Dollarization Main Agenda of BRICS 2024 Summit Read More »
Saudi Arabia took its Neom megaproject roadshow to China. This is amid speculation about the scope of the project and its finances. Neom megaproject officials visited Beijing, Shanghai, and Hong Kong last week. All in the hopes of courting Chinese investors and shed more light on the mysterious megacity. While no deals have been announced, one attendee told
Saudi Arabia Wants China To Help Fund Its Struggling $500 Billion Neom Megaproject Read More »
HD Hyundai is taking things to new heights. South Korea’s Busan New Port has extended its capacity by launching a seventh container terminal. The terminal’s opening ceremony on Friday was attended by President Yoon Suk Yeol. The leader has lauded the facility as a milestone in turning Busan Port into a world-class smart port. Also,
HD Hyundai Unveils a New R&D Center for Green Ship Technology Read More »
Porthole windows, also known as ports, are little, circular windows regularly found on the sides of ships. Serving different fundamental capacities. Essentially, they permit characteristic light and new discussion to saturate the inside spaces of vessels. Which are pivotal for zones such as cabins, team quarters, and below-deck compartments. Where counterfeit lighting and ventilation may
According to a regular count compiled by Bloomberg, some 124 vessels are signalling China, the world’s biggest oil supertanker importer, as their next destination over the forthcoming three months. That’s the highest level since late April 2023. China’s oil processing increased to the highest in five months in March due to robust demand following the
Oil Supertankers Headed for China Jump to the Highest in a Year Read More »
This wonderful game is once again held in Central Asia but with a different name and rules. Economics, not politics, are determining the terms of the current superpower competition for regional influence. According to a report by a Kazakh research institute. There are crucial differences that define the global conflict in Central Asia in the
Oil and gold prices rose after US officials said an Israeli missile hit Iran. International benchmark Brent crude rose above $90 a barrel after reports. Of an Israeli attack but fell as Iran sought to downplay its importance. Gold briefly neared all-time highs but has since settled below $2,400 per ounce. There are concerns that
Oil Price Rises as US Says Israel Has Struck Iran Read More »
The best way to win a game of chicken is to show that you are fearless, unpredictable, and a bit reckless. This is the approach taken by large container shipping companies. Despite having already ordered enough vessels to result in overcapacity, they continue to order more to gain a larger share of the market. In
No One Will Win In Container Shipping’s Game Of Chicken Read More »
Tehran is tense two days after Iran’s unprecedented direct attack on Israel. Most Iranians are concerned about the war and its impact on Iran’s already struggling economy. And the country’s elite Islamic Revolutionary Guards Corps (IRGC) launched more than 300 drones and missiles on Saturday night. A long list of domestic and international Iranian activists
Iranians on Edge as Leaders say ‘Tel Aviv is our Battleground Read More »