The economic importance of oceans to nations is well known. Nearly 80 percent of the world trade by volume is carried out through ships and this includes the energy needs of the world such as petroleum, both crude oil and its by-products and now increasingly, LNG. Trade and energy security or ensuring the uninterrupted flow of trade and energy needs via the sea route will remain a concern for most nations in the foreseeable future. This would, in turn, lead to bilateral and multi-lateral links a ..
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