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Friday, September 25th, 2020
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Tag Archives: corruption

“Blockage of Umm Qasr port has cost Iraq over $6 billion” – PM’s spokesman

PortandTerminal.com, November 6, 2019 BAGHDAD, IRAQ – The blocking of Iraq’s major Umm Qasr port on the Gulf by anti-government protesters has cost the country over $6 billion so far, a spokesman for Prime Minister Adel Abdul Mahdi said on Wednesday. “The closure of Umm Qasr port harms the country. Hundreds of trucks are still parked. This issue is causing …

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PORT CITY PROFILE (Part 1 of 2): Chittagong, Bangladesh

PortandTerminal.com, July 10, 2019 CHITTAGONG – Bangladesh is booming. The country has one of the world’s fastest-growing economies with GDP growth of 7.9% in 2018/19 and is on Goldman Sachs’s list of the “Next 11” emerging economic powerhouses of the 21st century.  In 2013 more than 380 people died when an eight-storey textile factory in Dhaka collapsed, Famous fashion brands like Benetton and …

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Terminal corruption in Ecuador

Close up photo of a chemical terminal with a green filter applied

Half of $4.9 billion meant for five oil-related infrastructure projects lost to corruption Mathew Healy, PortandTerminal.com, January 8, 2019 Quito, Ecudaor – Ecuadorian President Lenin Moreno demanded the country’s prosecutor to probe $4.9 billion of oil-related infrastructure projects, alleging that the OPEC nation’s money was looted during the decade-long tenure of his leftist predecessor Rafael Correa. Moreno said Thursday night …

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