In order to advance ports and shipping, and make it more competitive, states and maritime organisations have relayed greatly on communication technology and digitalization of maritime operations. However, the risk of cyber attacks has been identified by International Maritime Organization (IMO) as the one of the key non traditional threat to the safe and secure maritime domain in contemporary era. According to the IMO, maritime cyber risk refers to “a measure of the extent to which a technology asset could be threatened by a potential circumstance or event, which may result in shipping-related operational, safety or security failures as a…
Author: Naghmana Zafar
As a specialized agency of the United Nations, IMO is the global standard-setting authority for the safety, security and environmental performance of international shipping. Its main role is to create a regulatory framework for the shipping industry that is fair and effective, universally adopted and universally implemented. IMO through its working also supports the UN Sustainable Development Goals (SDGs). From 1 January 2020, international bunker fuels have needed to meet a much tighter maximum sulphur specification of 0.5 percent, versus 3.5 percent previously, due to the new regulations implemented by the IMO. These regulations are commonly called IMO 2020. This…
Private sector initiatives impressive projects towards coastal tourism Tourism is the most important and fastest growing economic activity occurring in the sea. According to the international surveys and statistics, domestic tourism means local visitors, represents 71.2% of all tourism spending in 2018. The trend had depicted a strongest growth rate in coming years. It is believed that domestic or native/national tourism will continue to support opportunities of growth in travel and hospitality industry, and will bring economic benefits for locals. While we envisage the prosperous future of Gwadar, as an emerging maritime hub, the need for hotels, clubs, decent food…
According to the World Economic Forum, coastal and marine tourism is anticipated to be the largest value-adding segment of the ocean economy by year 2030, with expected global growth rate of more than 3.5% per annum. Travel and tourism is globally a well recognised industry. The growth in travel & tourism sector remained high in year 2018 that is @ 3.9%, outpacing the growth rate of global economy as a whole. The sector accounted for 10.4% of global GDP in year 2018, which makes about $8.8 trillion in terms of money. It’s not just about getting profit, the contribution of…