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Is it a matter of concern for India? Pakistan is going to buy eight <a href="http://www.businessinsider.in/searchresult.cms?query=submarines+">submarines</a> from China, its biggest supplier of military hardware, in a multi-billion dollar deal. 
 
The deal will boost Pakistani navy's maritime capabilities, PTI reported today, citing a report by the Express Tribune. 
 An agreement was signed in Islamabad by Pakistan Finance Minister <keyword id="884324" type="UNKNOWN" weightage="80" keywordseo="Ishaq-Dar">Ishaq Dar</keyword> and Xu Ziqin, President of state-owned China Shipbuilding &amp; Offshore International Company Limited (SCOC) -- the trade arm of <keyword id="2967053" type="UNKNOWN" weightage="60" keywordseo="China-Shipbuilding-Industry-Corporation">China Shipbuilding Industry Corporation</keyword>. According to the deal, <a href="http://www.businessinsider.in/searchresult.cms?query=China">China</a> will provide eight submarines to the <a href="http://www.businessinsider.in/searchresult.cms?query=Pakistan+Navy">Pakistan Navy</a>. 
 
Sources in the finance ministry, however, said the deal is subject to final review form higher authorities in Beijing, following which a formal agreement will be signed. They also said that Pakistan would make payments in four instalments and the delivery will be made in coming years. 
 According to a statement issued by the finance ministry after the meeting, Dar said the visit by the CSOC delegation to Pakistan would strengthen bilateral economic and defence cooperation. "Pakistan and China have reached an understanding on matters of defence cooperation relating to <keyword id="365271" type="ORGANIZATION" weightage="80" keywordseo="Pakistan-Navy">Pakistan Navy</keyword>," it said. 
 
The statement quoted Xu thanking Dar for his contribution in concluding the arrangements, saying it was reflective of the "deep-rooted" China-Pakistan friendship. 
 
The reports of submarines deal was in the air since the visit of Chinese President <a href="http://www.businessinsider.in/searchresult.cms?query=Xi+Jinping+">Xi Jinping</a> to Pakistan in April and it was reported earlier that the contract could be worth $4 billion to $5 billion, the biggest arms export deal for Communist China. 
 
Pakistan has been negotiating the purchase of submarines from China since 2011. No details were, however, given about the type of the submarines. But there have been reports that Yuan-class Type-041 diesel-electric submarines were being considered. The-Type 041 'Yuan' class is described by IHS Jane's Fighting Ships as a diesel electric attack submarine, potentially with stirling air independent propulsion. 
 Last month, Pakistan and China signed an agreement for construction of six patrol vessels for Pakistan Maritime Security Agency (<keyword id="70761" type="ORGANIZATION" weightage="80" keywordseo="PMSA">PMSA</keyword>). 
 
China is Pakistan's biggest supplier of <a href="http://www.businessinsider.in/searchresult.cms?query=military+">military</a> hardware, which includes battle tanks, naval ships as well as fighter jets. The two jointly manufacture J-17 Thunder warplane. 
 
(Image: Indiatimes)

Pakistan is buying 8 war-ready submarines from China!

<ul class="summary-list"><li>The Southern California ports also face backlogs on land as containers wait to be picked up.</li><li>Dwell time for containers traveling by truck hit a new record in October.</li></ul>Backlogs on land at the <a href="https://www.businessinsider.com/largest-us-port-breaks-multiple-record-cargo-ships-import-delays-2021-9">nation's largest ports</a> hit a new record in October.While the ports in Los Angeles and Long Beach have continued to <a href="https://www.businessinsider.com/shipping-containers-stuck-california-ports-combat-shortages-2021-9">break records this year</a> for the number of ships waiting to dock at the locations, unloaded <keyword id="12062561" type="UNKNOWN" weightage="60" keywordseo="shipping-containers" source="Orion">shipping containers</keyword> are also creating historic traffic jams. The amount of time the containers that are waiting to be picked up by trucks lingered in the port terminals climbed to an average of 7.64 days last month, according to data from the Pacific Merchant Shipping Association.In September, the average amount of dwell time for unloaded containers at the ports was under six days. The PMSA <a href="https://www.bloomberg.com/news/articles/2021-11-22/l-a-container-dwell-time-rose-to-record-in-october-amid-snarls?sref=LspfQlRv">said</a> in its statement on Monday that over half of the containers at the ports waited in the terminals for over five days. Dwell time for containers traveling by railroad improved in October from an average of 5.5 days the previous month to 3.9 days. Earlier in the year, the glut of containers <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsupply-chain-backlogs-turn-chicago-into-new-chokepoint-11627064719">turned railroads into major chokepoints.</a> However, since then, the movement of goods through rails has improved.Meanwhile, <a href="https://www.businessinsider.com/prologis-effectively-sold-out-of-warehouse-amid-supply-chain-issues-2021-10">overloaded warehouses</a> and a <a href="https://www.businessinsider.com/labor-shortage-warehouse-jobs-workers-put-off-hours-conditions-2021-10">shortage of workers</a> and <a href="https://www.supplychainbrain.com/blogs/1-think-tank/post/33275-peak-season-is-around-the-corner-what-can-we-expect-in-2021">chassis </a>have made it increasingly <a href="https://www.businessinsider.com/truckers-wait-outside-backlogged-ports-8-hours-without-pay-2021-11">difficult for truckers to pick up goods</a> from the ports. What's more, the backlogs on land create a ripple effect, making it even more difficult for the ports to unload incoming cargo ships because there is often no space to offload the goods."Terminals are not designed to be a long-term storage facility for cargo," the manager of government affairs at PMSA, Jessica Alvarenga, said.The same month that dwell time for containers hit all-time highs, the <a href="https://www.businessinsider.com/nearly-60000-shipping-containers-face-fine-at-backlogged-ports-2021-11">ports announced plans</a> to begin charging carriers $100 per day for each container that remained at the ports past six to 9 days. When the fines were initially announced, <a href="https://www.businessinsider.com/nearly-60000-shipping-containers-face-fine-at-backlogged-ports-2021-11">nearly 60,000 shipping containers</a> had lingered at the ports for over 9 days.On Monday, the ports <a href="https://www.businessinsider.com/california-ports-delay-48-million-shipping-container-fines-2021-11">postponed the new fines</a> for the third time, saying the container congestion had cleared by nearly 30%.

Cargo ships aren't the only bottleneck — shipping containers sat on land longer than ever last month

<ul class="summary-list"><li>Winter weather is causing the backlog of ships at the ports of <keyword id="12225765" type="UNKNOWN" weightage="60" keywordseo="long-beach" source="Orion">Long Beach</keyword> and <keyword id="11940480" type="UNKNOWN" weightage="60" keywordseo="los-angeles" source="Orion">Los Angeles</keyword> to move further offshore.</li><li>The ships waiting to dock off <keyword id="11892889" type="UNKNOWN" weightage="60" keywordseo="california" source="Orion">California</keyword>'s coast are complying with a new voluntary queuing system to improve safety conditions.</li></ul>Winter weather is causing the backlog of ships at California's ports of Long Beach and Los Angeles to move further offshore.High winds and choppy seas can create dangerous situations for cargo ships, forcing the ships waiting to dock at the US's busiest port complex to move further from the coast for safety purposes.Approximately <a href="https://www.marinetraffic.com/en/ais/home/centerx:-118.0/centery:31.3/zoom:6">30 ships sat off the coast of Southern California</a> this week waiting to unload their cargo, while nearly 60 more stayed in waters further out to sea, according to the <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fsouthern-californias-container-ship-backlog-moves-farther-out-to-sea-11639132381">Wall Street Journal</a>. Some ships have even reduced their speed to delay their arrival at the ports to reduce wait times.The ships waiting to dock off California's coast are complying with a new voluntary queuing system to improve safety conditions and air quality around Southern California's ports while also increasing the efficiency of the ports, according to a <a href="https://www.pmsaship.com/wp-content/uploads/2021/11/Container-Vessel-Queuing-Release-FINAL.pdf">statement</a> from Pacific Maritime Association, Pacific Merchant Marine Shipping Association, and Marine Exchange of Southern California who worked together to develop the plan last month."This system delivers a pragmatic solution through order and predictability that will reduce the number of ships idling off the coast in the coming months, improve safety, and support the efficient movement of container-based goods," PMSA President John McLaurin said in the statement.Depending on the direction they are coming from, the ships are required to idle between 50 and 150 miles off of the coasts of California and Mexico. While the vessels can still come into the harbor for fuel and crew changes and normal, the change hopes to reduce the "the historic <keyword id="11894138" type="UNKNOWN" weightage="60" keywordseo="supply-chain" source="Orion">supply chain</keyword> congestion that continues to slow trade," according to the statement.Empty shipping containers gathering near the ports are also adding to the congestion, Insider's Grace Kay <a href="https://www.businessinsider.com/empty-shipping-containers-california-ports-seen-from-80-miles-report-2021-12">reported</a>.The <a href="https://www.businessinsider.com/shipping-containers-stuck-california-ports-combat-shortages-2021-9">congestion</a> of the nearly 110,000 empty containers spans up to 80 miles away from the port, <a href="https://www.msn.com/en-us/money/companies/an-la-trucking-company-is-running-out-of-places-to-put-its-shipping-containers-so-they-re-parking-some-on-a-residential-street/ar-AAPIe35?ocid=FinanceShimLayer">filling nearby streets and yards</a> and making it more difficult for supply-chain workers to move goods efficiently. The empty shipping containers represent another bottleneck in the supply chain and an additional hurdle for ports and warehouses that are <a href="https://www.businessinsider.com/shipping-containers-sat-on-land-longer-than-ever-october-record-2021-11">running out of space,</a> according to Insider.The Southern California ports have been struggling to get companies to pick up their goods, while at the same time carriers have faced difficulty returning <a href="https://www.businessinsider.com/truckers-wait-outside-backlogged-ports-8-hours-without-pay-2021-11">empty containers.</a>

Weather forces backlog of container ships at California ports to move further out to sea

New Delhi, Jan 22 () Delhi-NCR, Mumbai and Pune are the three biggest markets for student housing in the country, and these cities require an additional 4.75 lakh beds from organised co-living operators to meet the current demand, according to a report.
 Cushman &amp; Wakefield (C&amp;W), in association with the Student Accommodation Providers Forum of India (SAPFI), on Wednesday released a report "Exploring the Student Housing Universe in India City Insights".
 The report has identified education clusters in the cities of Bengaluru, Delhi-NCR and Pune, the three biggest markets for professionally managed student accommodation (PMSA) operators.
 The report estimated 9.08 million migrant students in India, amounting to over 24 per cent of 37 million total student enrolments in the country's higher educational institutions (HEIs) for the year 2018-19. 
 "Delhi-NCR with 7.45 lakh students enrolled in HEIs as of 2018-19 has 50 per cent outstation students. There is demand for additional 2.5 lakh beds from PMSA operators," it said. 
 Bengaluru has the highest number of HEIs in India with student enrolments estimated at 5.38 lakh. 
 With 60 per cent outstation students, additional demand currently stands at around 92,000 beds, the report said. 
 In Pune, the report said student enrolment stood at nearly 4 lakh. With 60 per cent outstation students, additional capacity requirements in PMSA segment is 1.33 lakh beds.
 Anshul Jain, Country Head and Managing Director-India, Cushman and Wakefield, said: "The significant mass of migrant students in the higher education sector today demand and expect quality student accommodation facilities providing food, security and a range of amenities. While globally, PMSA has found its footing as part of the mainstream real estate sector, in India it is still in a nascent stage."
 With policy support and private investments, Jain said the student housing segment could be the next growth driver in the overall realty sector. 
 Kaushal Mahan, Convenor, SAPFI, said, "The sector is expected to witness a huge amount of foreign direct investment inflows resulting in job creation and economic development."
 Mahan said this segment requires encouragement from the government for building a favourable policy ecosystem. MJH ANS
ANS

You Searched For "PMSA" and got 4 results

Pakistan is buying 8 war-ready submarines from China!

BI India Bureau

Cargo ships aren't the only bottleneck — shipping containers sat on land longer than ever last month

Grace Kay

Weather forces backlog of container ships at California ports to move further out to sea

Emily Walsh

Delhi-NCR, Mumbai, Pune biggest markets for student housing in India: Report

PTI

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