Expectation PART 1 was a fascinating and if you still haven’t read it take a look at it first and come back here to learn more.
MOU is an embraced contract between in any event two members depicting the purposes of understanding which can be connected to push ahead with the future organizations, arrangements or different styles of nearer exchanging affiliation.
MOUs are frequently not legitimately restricting except if they meet specific criteria, which contrast between countries, yet can be connected as the essential advance in structure a lawfully required contract or understanding.
6.OECD (Organization for Economic Co-activity and Development)
The OECD is an association of 35 countries, including various of the world’s most developed and wealthy economies.
Its individuals are backers of balance and market economies and work through the mechanism of the association to help monetary flourishing and business development, among numerous different issues.
September 7, 2019: VO Chidambaranar Port handled 34.29 lakh tonnes of cargo during August 2019, a record 30.93 percent growth, compared to the same period in 2018.
So far, from April to August 2019, the Port has handled 15.15 million tonnes, accounting a growth of 7.29 percent compared to the corresponding period last year.
This progress has placed VO Chidambaranar Port at the third position in terms of growth among the major ports of India.
The Port handled 3,53,306 TEUs of containers with a growth of 13.16 percent compared to the same period in 2018.
In terms of container handling, Dakshin Bharat Gateway Container Terminal and PSA SICAL Container Terminal together handled a record monthly volume of 80,474 TEUs during August 2019 and registered an impressive growth of 27.20 percent when compared to the corresponding period last year.
Dakshin Bharat Gateway Container Terminals handled its highest ever monthly container volume of 64,569 TEUs of containers in August 2019, surpassing 57,180 TEUs handled during July 2019.
November 20, 2019: DP World Sokhna stated that with the completion of a major expansion project, the company's total investment in Egypt will reach $1.6 billion.
Basin 2 will be operational by the second quarter of 2020 and nearly double capacity at the port to 1.75 million twenty-foot equivalent unit (TEUs) per year.
The expansion cements DP World Sokhna's position as a major gateway for Egypt's trade and the only port in the country capable of handling the largest container ships.
Built at a cost of $520 million and complementing two operational basins, the expansion into Basin 2 includes a 1.3-kilometre-long quay with 400 metres in use in Phase 1, and a 350,000 square metre container yard.
The expansion comes as the UAE and Egypt agreed to support a $20 billion joint strategic platform to invest in a range of vital sectors and assets, with ports and economic zones being an integral driver for global competitiveness and economic prosperity.
The world-class facilities of the port have played a significant role in adding value to its customers' operations by enhancing productivity, speed and cargo cost reduction while attracting leading global shipping lines and beneficial cargo owners.
