Monday 9 September 2024

MSC ship loses 46 containers overboard

According to Seatrade Maritime News, the South African Maritime Safety Authority (SAMSA) has reported that the Liberian-flagged MSC Antonia has lost lost 46 containers overboard while a further 305 boxes suffered damage in the Indian Ocean corridor on August 28, 2024.

"The incident occurred approximately 29 nautical miles northeast of Port St. Johns while the vessel was enroute from Colombo to New York. In light of the container loss, a navigation warning has been issued to all vessels operating in the affected area,” SAMSA said in a statement.

The MSC Antonio safely arrived in the port of Cape Town on August 30, where it would undergo a comprehensive assessment and necessary repairs.

The incident with the MSC Antonio follows the loss of 99 containers from the CMA CGM Belem in adverse weather while sailing off the coast of Richards Bay in South Africa on Thursday August 16.

The 13,000 teu CMA CGM Belem sought safe habour in the Port of Ngqurha following the incident and has since been making load adjustments.

On Friday last week, the ship's insurer representatives in South Africa launched a five hour aerial surveillance and search for the vessel's lost containers after several sightings of floating containers along the Wild Coast area of the Eastern Cape province were reported to the authorities.

SAMSA said around 20 containers were spotted but it could not be confirmed that they belonged to the CMA CGM Belem.

The incident with the CMA CGM Belem came just a month after the CMA CGM Benjamin Franklin lost 44 containers overboard off the coast of South Africa while sailing round the Cape of Good Hope.

All three vessels in recent incidents were on voyages between Asia and Europe and transiting the Cape of Good Hope due to the security situation in the Red Sea.

Container ships would normally transit the Red Sea and Suez Canal between Asia and Europe. However, the vast majority have diverted to sailing via the Cape of Good Hope to avoid attacks on shipping in the Red Sea by the Houthis. This has exposed vessels that would not normally transit the African cape to severe winter storms in the region.

 

 

 

 

Sunday 8 September 2024

Iran trade with OIC members on the rise

The value of the trade between Iran and the other 56 members of the Organization of Islamic Conference (OIC) reached US$26.7 billion in the first five months of the current Iranian calendar year, registering a 15 percent increase compared to the same period a year earlier.

According to the head of the Islamic Republic of Iran Customs Administration (IRICA), the volume of the trade between Iran and OIC member states in the mentioned five months reached 42.3 million tons, also 10 percent more compared to the previous year's same time span.

Iran exported 33.6 million tons of non-oil goods worth US$13.5 billion to OIC member countries and imported 8.7 million tons of commodities valued at US$13.2 billion from them in the first five months of the current Iranian year, Mohammad Rezvanifar said.

The deputy economy minister added that the country’s exports to OIC members registered 16% and 8.0% increase in value and weight respectively in the mentioned period, while the import of products from the mentioned countries also increased by 18% and 15% in terms of weight and value.

Among the OIC member states, the United Arab Emirates (UAE), Turkey, Iraq, Pakistan, and Oman were Iran’s major trade partners, the IRICA head noted.

Back in May 2023, the former head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) stressed the need for establishing a joint Islamic market among OIC members over the next 10 years.

Addressing a gathering of the heads of OIC member chambers of commerce on the sidelines of the "Russia - Islamic World: Kazan Forum 2023" in Russia, Gholam-Hossein Shafeie said, “An important issue that has been discussed a lot in the past and the organization should pay attention to it in the current situation is the creation of a common Islamic market in the next 10 years, which can be achieved by concluding a free trade agreement among Islamic countries and removing tariff and non-tariff barriers.”

“Experts have worked on the Islamic market plan, and using the experiences and studies of these experts can definitely be a way forward,” he added.

The Organization of Islamic Cooperation, which was formed in 1972, today has reached a position where, according to statistics, the future of the world's energy would be in the hands of the Organization of Islamic Cooperation, Shafeie said in his speech.

 

India to extend sugar export ban

According to a Reuter report, India plans to extend a ban on sugar exports for the second straight year as the world's biggest consumer of the sweetener grapples with the prospects of lower cane output.

New Delhi also plans to raise the price at which oil companies buy ethanol from sugar mills as part of efforts to boost supplies of the biofuel. They did not wish to be identified as deliberations were not public.

India's absence from the world market would further squeeze global supplies, propping up benchmark prices in New York and London.

New Delhi plans to prohibit mills from exporting sugar when supplies from Brazil, the world's top producer and supplier of the sweetener, are expected to drop because of a drought in the South American nation.

"In the current crop scenario, there is no space for sugar exports," said one of the government sources.

"After fulfilling the local sugar demand, our next priority is ethanol blending, and we need much more cane to meet the ethanol blending targets."

Seeking to curb carbon emissions, India aims to increase the share of ethanol in gasoline to 20% by 2025-26, from around 14% now.

Some of the Indian sugar mills have increased their ethanol production capacity in the last few years.

The government is also considering an increase in ethanol procurement price by more than 5% for the new marketing season beginning November, sources said.

Late last month, a government order said India would allow sugar mills to use cane juice or syrup to produce ethanol starting in November.

India, also the world's biggest sugar producer after Brazil, banned mills from exporting the sweetener during the current season that began on October 01, 2023. That was the first sugar export curb time in seven years.

New Delhi allowed mills to export only 6.1 million metric tons of sugar during the last season, nearly half of the country's total shipment in 2021-22.

Sugar output during the next 2024-25 season is likely to fall to 32 million metric tons from this year's 34 million tons due to the adverse impact of last year's patchy rains in Maharashtra and Karnataka states, the sources said.

"The world will need shipments from India in 2025, as Brazil's production is expected to be lower. Without Indian exports, global prices will rise further," said a Mumbai-based dealer with a global trade house.

 

Elections in Indian Occupied Kashmir

This article explores the complexities and consequences of holding elections in a region where the very foundation of democratic principles is under siege.

As India prepares to hold assembly elections in the disputed territory of Jammu and Kashmir (J&K), a cloud of skepticism and dissent hovers over the region. For many Kashmiris and their leaders, these elections represent not a democratic exercise but a cynical attempt to legitimize India’s occupation and control over the region.

The announcement of the elections has been met with sharp criticism from prominent Kashmiri leaders such as Altaf Hussain Wani and Abdul Hameed Lone, who have denounced the move as a desperate ploy to deceive both the international community and the local population.

Since the abrogation of Articles 370 and 35A in August 2019, Jammu and Kashmir has undergone a dramatic and controversial transformation. Once a state with special autonomous status, it was downgraded to a union territory under direct control of the central government in New Delhi.

This move was widely condemned by Kashmiris and has been perceived as an assault on the region’s unique cultural, political, and religious identity. The central government’s subsequent actions, including changes to domicile laws and the intensification of military presence, have only deepened the sense of alienation and resentment among the local population.

In this context, the upcoming elections are viewed by many as an attempt to present a veneer of normalcy in a region that remains deeply troubled.

The Indian government’s narrative is one of democratic engagement and development, but this is a narrative that rings hollow for those who live under the constant shadow of militarization and political repression.

The skepticism surrounding the elections is not without reason. Historically, elections in Jammu and Kashmir have been marred by low voter turnout, allegations of rigging, and widespread disenchantment with the political process.

For many Kashmiris, the electoral process is seen as a tool used by the Indian state to project an image of legitimacy while the underlying issues of self-determination and human rights remain unaddressed.

Leaders like Altaf Hussain Wani have been vocal in their criticism, labeling the upcoming elections as a “drama” designed to create a false impression of normalcy.

Wani’s assertion that these elections are nothing but a sham reflects the broader sentiment among Kashmiris who feel that their voices are being silenced and their aspirations ignored.

The elections, in their view, do not represent a genuine opportunity for democratic expression but rather a strategic maneuver by the Indian government to consolidate its control over the region.

The Indian government’s portrayal of the elections as a step towards restoring normalcy and democracy in Jammu and Kashmir is met with widespread skepticism.

While the central government insists that the elections are a democratic exercise, the reality on the ground tells a different story.

The ongoing militarization, the curtailment of civil liberties, and the lack of meaningful political engagement with local leaders have created an environment where true democratic expression is impossible.

For many Kashmiris, the elections are a façade—an attempt by the Indian state to project an image of stability and legitimacy to the outside world while continuing to suppress the region’s demand for self-determination.

The electoral process, rather than addressing the root causes of the conflict, serves to entrench the status quo and perpetuate the cycle of violence and repression.

The upcoming elections in Jammu and Kashmir may proceed as planned, but their legitimacy and effectiveness are in serious doubt. For the elections to be meaningful, they must be more than just a box-ticking exercise.

These must be accompanied by a genuine commitment to addressing the aspirations of the Kashmiri people, including their right to self-determination as enshrined in United Nations Security Council resolutions.

A comprehensive approach to resolving the Kashmir issue is needed—one that goes beyond electoral politics and addresses the fundamental grievances of the people.

This includes the demilitarization of the region, the restoration of civil liberties, and meaningful dialogue with all stakeholders, including those who have been marginalized or excluded from the political process.

Ultimately, the future of Jammu and Kashmir cannot be decided through elections alone. It requires a concerted effort to heal the wounds of the past, respect the rights and aspirations of the Kashmiri people, and work towards a peaceful and just resolution of the conflict. Only then can the promise of democracy be truly realized in this troubled region

Courtesy: South Asia Journal


Bangladesh: One month of hope and despair

A month ago, as Bangladesh teetered on the brink of chaos after the downfall of Sheikh Hasina, Nobel Laureate Muhammad Yunus returned home to steer the nation through political turbulence.

It was a dramatic turnaround for Yunus, who faced relentless legal peril at home but ultimately emerged as the savior of a scarred nation. Many feared that Yunus, the nemesis of Hasina, would land in jail during her tenure, but on August 08, 2024 he came back from Paris to a hero’s welcome and headed to the presidential palace to take over the helm of Bangladesh, a country in flux. His long-time tormentor, Hasina, had fled three days earlier.

The students, who had spearheaded the protests and catalyzed the people’s uprising, championed Yunus as their choice for the head of an interim government. People were relieved that he had indeed agreed to take charge. And as such, the economics professor came to personify the hopes and aspirations of Bangladesh.

His arrival ended a four-day power vacuum. He spoke to the media as if he was already in charge, celebrating what he said was a “second liberation”, imploring the countrymen to keep faith in him and sending a message of unity to the nation in times of an unprecedented crisis.

At Dhaka airport, he shared words of empathy with anti-government protesters. At times, he struggled to fight back tears, a rare display of grief, when he remembered Abu Sayed, who died in a hail of bullets fired by the police.

The first few days, as expected, were steeped in symbolism. His carefully chosen words – the rebirth of Bangladesh and renewal after a period of turmoil – resonated deeply with the audience.

Then came the hardest part. The interim government nervously began the heavy task of restoring law and order after weeks of deadly protests. A month went by, but the morale of the police force was still low. The police administration underwent major reshuffles in the past month. Officers largely stayed away from work and appeared to be reluctant to respond to disturbances.

Reprisal attacks spiked in the immediate aftermath of Hasina’s downfall, although it has now come down. But extortion and murder cases against journalists continue to be a big concern.

All of this means that maintaining law and order remains a formidable challenge for the interim government, as various groups try to exploit the social disorder to their advantage.

Yunus has initiated a major clean-up of key institutions, appointing a former IMF economist as the central bank governor to bring discipline to the banking sector.

Additionally, he has tasked another prominent economist with drafting a white paper on the entrenched corruption during Hasina’s 15-year tenure.

While the economy is still facing challenges, businesses are gradually recovering. The advisory council now faces the crucial task of implementing effective economic policies and reforms to rebuild public trust and attract foreign direct investment, ensuring long-term stability.

In the decades since the end of HM Ershad’s military rule in 1990, Bangladesh experienced an “economic miracle” that lifted tens of millions out of poverty, driven largely by a booming garment sector.

However, since emerging from the COVID-19 pandemic, the country has suffered from high inflation, particularly in food prices, and shortages of foreign currency.

These issues are largely attributed to corruption and government mismanagement.

For political reasons, Hasina’s administration was reluctant to pursue serious economic reforms. The recent unrest has only exacerbated the country’s economic problems, with garment buyers cancelling orders, which require serious and urgent attention.

One priority for Yunus should be re-establishing the independence of the Election Commission to build confidence in the forthcoming polls with the top bosses gone. Under the former prime minister, parliament became a rubber stamp, the civil service and judiciary were highly politicized, and the media and civil society were closely controlled.

“While some of these institutions will quickly flourish in a more open environment, others will bear the scars of subordination for years to come,” the Crisis Group said in a report.

It’s a race against time for Yunus who took over on August 08 with a fledgling team. He brought swift changes to the civil administration, police, the Rapid Action Battalion, the Detective Branch and the Directorate General of Forces Intelligence that Hasina exploited to create a culture of fear and intimidation. They enjoyed almost total impunity under Hasina’s administration.

It’s a monumental task for Yunus to make sure people have confidence they will not be arrested, abducted or even killed extrajudicially for political reasons.

Yunus also faces significant challenges in navigating the evolving geopolitical landscape, especially considering the aspirations of the Bangladeshi people. The relationship with India, traditionally seen as Hasina’s strongest supporter, has been strained due to Dhaka’s push for her extradition.

Although the interim government has stated that Hasina’s stay in New Delhi won’t affect bilateral relations, the changing public sentiment in Bangladesh requires careful management to maintain strategic cooperation with India and adopt a more balanced approach in foreign relations.

“In supporting her administration so staunchly despite its clear unpopularity, India has badly damaged itself in Bangladeshis’ eyes. If it now seems to be standing in the way of reform, it will only amplify anti-India sentiment, which could linger to the detriment of neighbourly relations,” the Crisis Group said.

India should instead support the interim government, and revive links with other parties too as part of a political renewal in Bangladesh.

The interim government faces numerous challenges as citizens demand justice on multiple fronts. It must priorities addressing the grievances of those affected by Hasina’s 15-year rule, implement necessary reforms and manage a smooth political transition. The new administration, at least for now, seems focused on “managing expectations from all sides.”

The domestic political landscape is fraught with challenges, as the uprising reflects deep dissatisfaction with the current system. The interim government, recognizing the urgency of the situation, has initiated dialogues with established political parties, civil society members, development partners and journalists to pursue reforms to create a more stable political environment.

One key option could be the revival of the caretaker government system, which was abolished by Hasina’s administration in 2011. This system could help ensure fair and transparent elections, reducing the risk of another autocratic leader emerging.

Hasina’s departure offers a unique opportunity to move beyond the hyper-partisan, winner-take-all electoral dynamics that have harmed Bangladeshi politics for the past three decades. It’s an opportunity to undo the past wrongdoings.

Courtesy: Daily Star

 

 

Saturday 7 September 2024

Erdogan calls for Islamic alliance against Israel

Turkish President Tayyip Erdogan said on Saturday Islamic countries should form an alliance against what he called "the growing threat of expansionism" from Israel, drawing a rebuke from the Israeli foreign minister.

He made the comment after describing what Palestinian and Turkish officials said was the killing by Israeli troops of a Turkish-American woman taking part in a protest on Friday against settlement expansion in the Israeli-occupied West Bank.

"The only step that will stop Israeli arrogance, Israeli banditry, and Israeli state terrorism is the alliance of Islamic countries," Erdogan said at an Islamic schools' association event near Istanbul.

He said recent steps that Turkey has taken to improve ties with Egypt and Syria are aimed at "forming a line of solidarity against the growing threat of expansionism," which he said also threatened Lebanon and Syria.

Israeli Foreign Minister Israel Katz said in a statement that Erdogan's remark was "a dangerous lie and incitement," and that the Turkish leader has been working for years with Iran to undermine the region's moderate Arab regimes.

Erdogan hosted Egyptian President Abdel Fattah al-Sisi in Ankara this week and they discussed the Gaza war and ways to further repair their long-frozen ties during what was the first such presidential visit in 12 years.

Ties between them started thawing in 2020 when Turkey began diplomatic efforts to ease tensions with estranged regional rivals, including the United Arab Emirates and Saudi Arabia.

Erdogan said in July that Turkey would extend an invitation to Syrian President Bashar al-Assad "any time" for possible talks to restore relations between the two neighbours, who severed ties in 2011 after the outbreak of the Syrian civil war.

Israel's military said after Friday's incident that it was looking into reports that a female foreign national "was killed as a result of shots fired in the area. The details of the incident and the circumstances in which she was hit are under review."

 

Zangezur Corridor red line for Iran

The head of National Security and Foreign Policy Committee of the Iranian parliament has reiterated that the Zangezur Corridor is a critical red line for Iran, warning that any attempts to alter its status or make unilateral moves in the region will be met with a firm response.

In an interview with ISNA News Agency on Saturday, Ebrahim Azizi emphasized that Iran has conveyed its position to regional countries through various diplomatic channels, stressing that the corridor's status is non-negotiable for Tehran.

In response to recent statements from Russian officials advocating for the opening of the Zangezur Corridor and their cooperation with Azerbaijan and Turkey in this matter, Azizi expressed Iran’s strong opposition.

"The geopolitical developments surrounding the Zangezur Corridor are not in the best interest of the region, and Iran is vehemently opposed to such moves," Azizi stated.

While underscoring Iran's commitment to regional stability, he made it clear that any threat to Iran’s territorial integrity would be met with resolute action.

"The Islamic Republic of Iran has always pursued peace and avoided escalating tensions in the region. However, if our territorial sovereignty is compromised, we will stand firm and will not allow any country to infringe upon us."

The strategic importance of the South Caucasus region was also highlighted by Azizi, who described it as a key axis in Eurasian geopolitics.

"Historically, this region has been part of Iran's civilizational sphere and has witnessed numerous geopolitical shifts over the centuries. Its role in energy transfer, peace, stability, and regional balance is undeniable, and we are closely monitoring all developments," he said.

Azizi also referred to the Leader of Islamic Revolution's position on the issue, recalling a meeting between Ayatollah Seyyed Ali Khamenei, Russian President Vladimir Putin, and Turkish President Recep Tayyip Erdogan, during which Iran’s firm stance against any geopolitical changes in the Caucasus was reiterated.

"We have repeatedly communicated to regional nations that the Zangezur Corridor is a red line for Iran, and any alterations will provoke a strong and serious response."

Concluding his remarks, Azizi underscored the active role of Iran's parliament in monitoring the situation. "The National Security and Foreign Policy Committee of the Iranian parliament is closely following the geopolitical developments related to the Zangezur Corridor. We expect the president and the foreign minister to address these critical issues with urgency and sensitivity, using diplomatic channels to resolve the matter in a way that protects Iran's national interests." 

Additionally, the Deputy Speaker of Parliament issued a tweet advising Russia and Azerbaijan to respect international borders.

"Iran's strategic policies regarding borders, neighboring countries, and corridors are stable and rooted in our national interests. As I emphasized during the recent Parliamentary Assembly in Baku, we do not accept any changes to borders. My advice to Russia and Azerbaijan is to respect these boundaries,” Ali Nikzad, the Deputy Speaker, posted on the social media platform X.