All emerging economic and military powers require secure trade routes. Take, for example, the Suez Canal, a vital gateway for global trade. It attracts about 12-15 per cent of global trade and about 30 per cent of global container traffic, with more than $1 trillion in goods transiting annually. The blockage of the Suez Canal...
Tag: Suez Canal
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Major Overhaul
India has a coastline of 7,517 km, with 12 major ports and 200 notified non-major (minor or intermediate) ports along the coastline. Out of the 200 notified non-major ports, up to 2013-14, only 61 were reported to have been handling cargo brought through maritime routes.