Fiji Time: 7:28 AM on Sunday 28 May

Fiji Times Logo

/ Front page / News

Access to finance a challenge

Ana Madigibuli
Thursday, July 17, 2014

MOST vessels servicing Fiji are poorly maintained, old and inefficient.

And fuel represents a significant proportion of shipping operating costs for those vessels.

Accessing financing is difficult for shipping operations, this results in a vicious cycle of old ships being replaced with old ships, and the need for larger ships to achieve economies of scale.

This was highlighted during the International Conference for Renewable Energy and Climate Change by USP's John Kaitu'u.

Mr Kaitu'u said narrow reef passages combined with small cargoes and low passenger numbers lead to many routes being commercially marginal or even unviable.

"Government is often required to subsidise or service these routes if communities are to have access to transport," Mr Kaitu'u said.

"We have prepared a regional and education strategy, a medium-term work plan designed to be complementary to existing regional transport, energy, climate change and economic development strategies.

"The lack of profile to date on renewable energy transport allows us the opportunity to learn from the lessons of the electricity sector and to develop a region-wide co-ordinated and monitored program of transition."

Issues that were discussed during the conference were an assessment of wave energy resource in the West Pacific, potential of energy production from municipal solid wastes in Fiji and zero emission fishing.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.65410.6351
JPY 54.851651.8516
GBP 0.37340.3654
EUR 0.43260.4206
NZD 0.69690.6639
AUD 0.65350.6285
USD 0.48690.4699

from

$0.00

Exchange Rate updated on 26th, May, 2017

Today's Most Read Stories

  1. $16k freight scam
  2. Inquiry bid foiled
  3. 'Fijian' sparks debate
  4. $2m generated from Super Rugby match
  5. Farmers protest
  6. Ali appointed RBF acting Governor
  7. Non parole period of thirty years
  8. Risky crossing for users
  9. Road authority utilises $23m for repair works
  10. Ministry certifies twenty-six growers

Top Stories this Week

  1. A-G sounds warning Sunday (21 May)
  2. Man wants house back Wednesday (24 May)
  3. $16k freight scam Saturday (27 May)
  4. Qoro on Pleass board Monday (22 May)
  5. Henry's debt to mum Wednesday (24 May)
  6. Work cut out Monday (22 May)
  7. Toorak youths distraught over lost jerseys Tuesday (23 May)
  8. Mystery chests, villagers warned Wednesday (24 May)
  9. Pillar of strength Wednesday (24 May)
  10. Thank you midwives Monday (22 May)