Tag Archives: trade

The New Silk Road

China has announced it will institute a new policy called “One Belt and One Road” (OBOR). The Silk Road Economic Belt will comprise three routes connecting China to Europe (via Central Asia), the Persian Gulf, the Mediterranean (through West Asia), and the Indian Ocean (via South Asia), according to McKinsey. More than 60 countries, with a combined GDP of $21

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Singapore Is #1 Maritime Capital

Menon Economics has named Singapore as the top maritime capital of the world in its annual report. Ranking behind Singapore are Hamburg, Oslo and Shanghai, in respective order. Experts say Singapore would remain the “most important city” come 2022, although Shanghai will likely become the second most important maritime hub. Caption: The Port of Singapore with Sentosa island in the background. (Photo Credit: Kroisenbrunner)

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Ballast Water Exchange Is Problematic

A new invasive species study by the Smithsonian Environmental Research Center (SERC) discovered one of the main tactics ships use for stopping invasive species—ballast water exchange—isn’t working nearly as well as managers hoped. Marine scientists looked at ballast water from ships entering Chesapeake Bay before and after ballast water exchange became mandatory in 2004 and found that, contrary to expectations,

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Jamaica Seeks Seat at IMO Council

Jamaica launched its bid to be elected to Category C of the International Maritime Organization (IMO) Council last Thursday (February 2). The IMO Council comprises three groups of states, designated as Categories A, B and C. Category C is open to 20 states that have special interests in maritime transport or navigation, and whose election to the council will ensure

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