UNCTAD: Global Seaborne Trade Marks Modest Growth

first_imgzoom Reflecting stumbling growth in the world economy, world seaborne shipments grew by an average of just 3.8 per cent in 2013, taking total volumes to nearly 9.6 billion tons, UNCTAD’s Review of Maritime Transport 2014 reports. Much of the expansion in seaborne trade was driven by growth in dry cargo flows, in particular bulk commodities, which grew by 5.6 per cent, the report says. Meanwhile, world container port throughput increased by an estimated 5.6 per cent to 651.1 million twenty-foot equivalent units (TEUs) in 2013.The new report also reveals that the size of the world fleet reached a total of 1.69 billion deadweight tonnage in January 2014, following 4.1 per cent growth in 2013. Bulk carriers accounted for 42.9 per cent of the total tonnage, followed by oil tankers (28.5 per cent) and container ships (12.8 per cent).This rate of growth was lower than that observed during any of the previous 10 years, and the trend in early 2014 suggests an even lower growth rate for the current year, the report says. The slowdown reflects the downturn of the largest historical shipbuilding cycle, which peaked in 2012.As for future vessel deliveries, during 2013, for the first time since the economic and financial crisis in 2008, the order book increased slightly for most vessel types, according to the report. After the previous significant decline, it will take time for those resuming vessel orders to prompt the start of a new shipbuilding cycle.The report calculates that the largest national fleets by flag of registration in 2014 are those of Panama, followed by Liberia, the Marshall Islands, Hong Kong (China) and Singapore. Together, these top five registries account for 56.5 per cent of world tonnage.The full report can be found herePress Release; Image: Port of Hamburglast_img read more

Premier Declares November to be National 4H Month

first_imgPremier Rodney MacDonald recognized November as National 4-H Month today, Nov. 1, at a proclamation signing with 4-H families, volunteers and supporters. “Nova Scotia’s 4-H program has been a stellar leadership development program for 85 years,” said Premier MacDonald. “The program offers young Nova Scotians the chance to learn valuable skills while giving families an outlet to learn and grow together. I am always impressed with the caliber of projects from 4-H members and the confidence, self-esteem and public speaking skills that they demonstrate.” Pictou County 4-H members prepared displays and projects to celebrate the achievements and opportunities 4-H provides for youth and their families at the West River Fire Hall in Pictou County. Nova Scotia’s 4-H program provides young people and adults with the opportunity to develop leadership skills, sportsmanship and technical skills, responsibility and social skills while having fun in a structured family oriented atmosphere. “The skills youth learn in this program are invaluable for future success in their chosen careers,” said Brooke Taylor, Minister of Agriculture. “4-H members will become our agriculture, government, business and civic leaders of the future.” The 4-H program is one of Canada’s longest-running and most respected organizations for youth between the ages of 9 and 21. It offers fun and learning for youth in communities across the country. Volunteer leaders help members develop self confidence and learn a wide variety of life skills through hands-on project work. The 4-H organization involves more than seven million members in 80 countries around the world. There are more than 2,400 members in 85 clubs in Nova Scotia. In 2006, 4-H members completed 4,520 individual projects with the support of 875 leaders. Nova Scotia has the largest 4-H membership east of Ontario and the third largest membership in Canada on a per capita basis. Activities will be held across the province throughout November. More information about the Nova Scotia 4-H program is available at www.gov.ns.ca/agri/4h .last_img read more

President notes sensitive nature of national security

Addressing the troops, the President summed up the few projects that have been implemented for the greater benefit of the security forces at all levels. He also briefed them on the national security plan which is to be implemented to cover all areas. President Maithripala Sirisena today highlighted the sensitive nature of the notion of national security and also the importance of it for the country’s forward-march. The President made the observations when he undertook his first formal visit to meet Security Force personnel serving in the East today. “It has already been taken up in the National Security Council and will be finalized shortly with the support of tri-service consultations,’ the army media unit quoted the President as saying.The President also assured the troops that the welfare facilities of the tri-service personnel will be looked after. While appreciating the troop contribution to the development of the country, the President told the gathering that the valuable support of the security forces needs to be mustered for the development of the country in the future as well. (Colombo Gazette) read more