Posted on 22 September 2010.
We reported on Saturday that Iraq’s Transportation Ministry has bought 66 ships from ‘an international company’.
Further investigation shows that the ships will be leased for a 5-year period from the Swiss company Global Refinery. The Swiss firm will also provide extensive training for the Iraqi workforce, including specialized programs for technicians and engineers.
“There are more than a thousand maritime workers that have no job opportunities due to the lack of ships”, said the Director General of Iraq’s General Company of Maritime Transport, Wekala Ismat Amer [Ismat Jiad].
“The ministry of transportation and the General Company for Maritime Transportation are seeking to provide a favorable investment environment and create opportunities for the private sector to enter governmental projects.”
According the Global Refinery, the contract involves “over 80 modern bulk carriers and related vessels. These vessels are all state of the art and none is older than 5 years”.
(Sources: AKnews, Canadian Press, Global Refinery)
(Picture Credit: Global Refinery)
Dr. Mark A. DeWeaver
|Stocks Brace for Iraqi Election||Ahmed Mousa Jiyad||Knowledge Hub for Natural Resources Governance|
|Michael Carr||Massive Potential from Trade and Investment||John Schnittker||Iraq’s Summer Irrigation Water Supply Threatened|
|Madeleine White||Generation Global – Empowering Young...||Robert Tollast||Private Security Companies in Iraq|