South Korea's Oceans Ministry is developing its southeastern region, particularly Busan, into a global maritime hub, anticipating expanded Arctic shipping routes. The initiative includes relocating shipping firms and establishing an international maritime court, aiming to boost economic growth and seafood exports.
A proposal unveiled by Philippine President Ferdinand Marcos Jnr for a new Southeast Asian maritime centre has raised questions about its most glaring obstacle: Manila’s long-standing South China Sea dispute with Beijing. Analysts warn such a centre would not only have to avoid appearance of being an instrument of Philippine interests in disputed waters, but also risks simply duplicating the work of existing regional bodies. Speaking on Friday at a press conference following the Asean summit in...
The co-founder and honorary adviser to the Hong Kong Chamber of Shipping has urged the city to adopt long-term strategic thinking to build its own capabilities in shipping management, insurance and other areas amid unpredictable global developments involving the US, Israel and Iran. Kenneth Lam emphasized Hong Kong's role as a superconnector between various parties.
