promotes the importance of international transportation as a fundamental element supporting the global economy. In particular‚ since the trading distances involved are often considerable‚ there has been an increase of demands on the maritime shipping industry and on port activities. In this process China had an important role‚ in fact‚ as its industrial and manufacturing activities developed‚ it started to import growing quantities of raw materials and energy and export growing quantities of manufactured
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INTRODUCTION Maritimes Sector a Strategic Economic Importance to National Development The maritime sector is of critical significance to any economy. It is the main means for transporting goods internationally‚ and many nations rely on their ports as a major source of revenue. The maritime industry‚ which is a subsector of the transport sector‚ globally accounts for over 70 of transportation requirement of the world.Maritime activities are expanding bringing benefits to people across the world. The merchant
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Maritime Trade‚ Global Economies‚ and the Megaports Initiative The purpose of this posting is two-fold. Part one is to describe the importance of maritime trade to global economies‚ and part two is to illustrate the importance of the Megaports Initiative to international trade. Part One: Obviously‚ global trade involves moving finished goods and heavy commodities over long distances. From both a tonnage perspective and value perspective‚ an overwhelming share of inter-hemispheric
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Abstract This paper deals with the trends in carbon trade in the global market as well as in India. Not limiting itself with studying the economic impact of carbon trade‚ the paper also goes on to understand its ecological implications. The paper also reviews the pricing and accounting of carbon credits and its implications. The trends indicate that carbon trade has been increasing over the years. However‚ the project based transactions such as Clean Development Mechanism and Joint Implementation
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How the maritime transportation had contributed to the growth of other mode of transportation? [pic] The transport sector is an important component of the economy impacting on development and the welfare of Malaysian populations. A good and efficient transportation system is a prerequisite for the economic development of Malaysia‚ which has a very open and highly dependent economy and generates very large volume of trade – totalling more than 391 million tonnes (2009) – to be transported
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Beach Baton Wilmington Rouge Mobile Beaumont Houston Corpus Christi Veracruz Kingston South Louisiana New York/New Jersey Baltimore Port of Virginia Charleston Savannah Jacksonville Port Everglades Miami San Juan Cristobal Major Ocean Ports of the World (Maps not to scale) Buenos Aires Santos North‚ Central‚ and South America Gothenburg Port Said Alexandria Jeddah Dubai Bremen Liverpool Gdansk Salalah Abidjan Hamburg Felixstowe Rotterdam Southampton Le Antwerp
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Maritime law Module 1 – Introduction to maritime law 1 1. What is the field of law described as ‘maritime law’? The subject of maritime law attempts to give you a clear understanding of the legal principles applicable to commercial shipping operations. These are the legal principles that determine the obligations and regulate the relationships of the parties in the maritime transport chain
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processes of interaction and integration among the people‚ companies and governments of different countries. It is driven by international trade and investment and aided by information technology. These processes impact on the environment‚ culture‚ political systems‚ economic development and prosperity‚ and human physical well-being in societies around the world. Globalization is not new. For thousands of years‚ people-and‚ later‚ the company has been buying from and selling to each other in lands
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process by which regional economies‚ societies‚ and cultures have become integrated through a global network of political ideas through communication‚ transportation‚ and trade. The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade‚ foreign direct investment‚ capital flows‚ migration‚ the spread of technology‚ and military presence.However‚ globalization is usually recognized as being driven by a combination
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Since the latter half of 2007 the world economy has been in a severe downward spiral as a result of the reckless lending practices of the world banks‚ the implications of which have trickled down into the industrialized economy over the last two years. This assignment aims to analyze the global seaborne trade industry with a focus on the dry bulk sub-sector and its major commodities by assessing the effect on factors that are influencing the demand and supply of dry bulk vessels and the future growth
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