Insights from the Maritime & Logistics Ecosystem-Maritime & Logistics Weekly-Week#18




4 May 2018


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Greetings from Maritime & Logistics Weekly, a newsletter published by Apex Group for the global maritime and logistics ecosystem.

Our editorial board comprising reputed maritime, logistics, and media leaders curates key maritime news and analysis across the seven segments of maritime and logistics ecosystem, once a week to support you in making informed decisions in the week ahead.

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Reach out to over 12000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

           

What is topical this week

Global Trade & Logistics – India’s global trade grew 16% in 2017-18. Cargo flow through Russia’s Northern Sea Lane is expected to grow by 50% this year. Trade growth is expected to drive demand for tankers, which are presently in excess supply.

Maritime & Logistics Infrastructure – UAE’s Gulftainer secured legislative approval to develop and operate a container terminal at the US Port of Wilmington. Maritime & Ports Authority of Singapore was awarded an USD 1.1 Bln deal to develop the 2nd phase of Tuas Port. Sohar Port & Free Zone concluded an agreement to develop the Sohar Port’s South phase.

Multi-Modal Connectivity – India’s Kolkata Port Trust agreed to let Bangladeshi shippers use its ports for exports & imports. The first China–Austria freight train arrived in Vienna. Indian Railways seeks a larger share of automotive transportation.

Shipbuilding, Ship Repair & Recycling – Japanese shipyards are looking at lessons in success from Chinese and South Korean Shipyards. Chinese private shipbuilder Yangzijiyang acquired stake in a domestic bulker owner. India’s Goa shipyard is looking at stock exchange listing in 2019.

Maritime & Logistics Conversations

Maritime & Logistics Weekly is happy to support the launch of the Cargo Transportation Masterclass, where 21 industry experts share their perspectives for shippers , exporters, importers and transportation service providers to benefit from their experience. This practical guide to safely transport cargo globally and make money from each shipment is hosted by Dr Lina Jasutiene.

Readers interested in exploring opportunities for collaboration and marketing exposure are invited to connect connect@maritime-world.com

Reach out to over 12000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

Maritime & Logistics Investments – NYK Line became the first shipping line to offer green bonds. A German Bank joined the responsible ship recycling standards initiative. Opinion: China is looking to trigger demand growth with investment in infrastructure in ASEAN.

Free Zone & Logistics World – Iran joined Free Trade Zone with the Eurasian Economic Union. Exports from India’s Special Economic Zones soared 18% in 2017-18. DP World concluded agreement for Berbera Free Zone.

Automation & Training – Philippines may allow trading in Cryptocurrency in a Special Economic Zone. OOCL and Microsoft partnered in applying AI. Singapore’s PSA and Crimson Logic will build a global-trade and supply-chain platform.

Have a great week ahead!
Subhasis Ghosh


Global Trade & Logistics





India’s global trade grew 16% in 2017-18




Economic Times. 25 April. 3 minute read.


Fiscal 2017-18 saw India’s Global trade rise 16.32 % to reach USD 768 Bln with notable increase in trade between India and Latin American countries. Bolivia emerged as a major trade partner with a phenomenal growth of 205% in bilateral trade to reach USD 772.4 Mln in 2017-18.
Read More



Cargo flow through Russia’s Northern Sea Lane expected to grow by 50% this year


RT. 27 April. 2 minute read.
The northern sea lane, which is a major sea passage in the Russian Arctic, has seen an increase of 200% in cargo flow since the first quarter of 2017. The higher-than-expected performance can see this year’s cargo flow touch volumes beyond the predicted figure of 12-14 million tons.
Read More



Trade growth expected to drive demand for tankers, presently in excess supply


Hellenic Shipping News. 28 April. 6 minute read.
Driven by growth in global economy and trade, demand for tankers is going to be strong this year but the excess supply of tankers could prove to be a dampener in the short term. The first quarter of 2018 saw record highs in the scrapping of tankers globally. Read More

Maritime & Logistics Infrastructure



UAE’s Gulftainer secures legislative approval to develop and operate container terminal at US Port of Wilmington


Splash 247. 27 April. 2 minute read
The US state of Delaware privatised the port of Wilmington. Subsequently it granted a lease of 50 years to Gulftainer, a UAE-based ports management company. Gulftainer has assured a 75% increase in non-containerized volume and a two-fold increase In TEU volume.
Read More


Maritime & Ports Authority of Singapore awards USD 1.1 Bln deal to develop 2nd phase of Tuas Port

Ship Technology 26 April 4 minute read.
Penta Ocean Construction (Japan), Hyundai Engineering and Construction (South Korea), and Boskalis International Maritime (Netherlands) have been awarded a contract worth USD 1.1 Bln for the development of Phase II of Tuas Terminal. Once completed, the project will add 21 million TEUs of new capacity to the port by 2027.
Read More


Sohar Port & Free Zone concluded agreement to develop Sohar Port South Phase

Muscat Daily. 23 April. 4 minute read.
Oman’s Sohar Port and Freezone signed an agreement with a JV of Dredging International NV and Earth Moving worldwide for the development of Sohar Port South construction Phase I. The new project will help increase the trade flow in Oman and allow new shipping lines to launch more direct calls to the port.
Read More


           

Reach out to over 12000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

Multi-Modal Connectivity



India’s Kolkata Port Trust agrees to let Bangladeshi shippers use its ports for exports & imports


JOC. 23 April. 4 minute read.
In a major development that opened a new chapter in the history of Indo-Bangladesh trade ties, India’s Kolkata port allowed Bangladeshi shippers to use its port for EXIM trade to other nations. This has been done by the Indian authorities to help Dhaka ease traffic at the heavily congested Chittagong port.
Read More



First China–Austria freight train arrives in Vienna


Global Times. 28 April. 5 minute read.
A China-Europe freight train arrived in Vienna, Austria on Friday last week, carrying. 41 containers of goods valued at USD 1.5 Mln. The train started from Chengdu, Sichuan Province, China and took 15 days to travel 9,800 km through Kazakhstan, Russia, Ukraine and Slovakia to reach Vienna.
Read More



Indian Railways seek a larger share of automotive transportation


Autocar Professional. 27 April. 5 minute read.
Indian Railways emerged as one of the most preferred modes of transportation in FY 2017-18. Freight volumes from Indian OEMs increased 16 percent and the earnings from automobile traffic increased by 15% year-on-year.
Read More

Shipbuilding, Ship Repair & Recycling



Japanese shipyards looking at lessons in success from Chinese and South Korean Shipyards


Motorship. 26 April. 5 minute read.
Leading Japanese shipbuilders Mitsubishi Shipbuilding and Kawasaki Heavy Industries are competing hard with their Chinese counterparts while emulating the latter’s success especially in the areas of corporation, innovation, and agility. Though the Japanese yards did well last year compared to a disastrous 2016, competition from China and South Korea has become an area of growing concern for the former.
Read More



Chinese private shipbuilder Yangzijiyang acquires stake in domestic bulker owner


Splash247. 26 April. 2 minute read.
Yangzijiang Shipbuilding, a major Chinese private shipbuilder, has entered into an agreement to buy 60% stake in Jiangsu Huayuan Logistics. The total value of the acquisition deal is pegged at USD 28.5 Mln. Jiangsu Huayuan Logistics is the owner of Shanghai Huayuan Shipping that owns a fleet of handymax bulk carriers.
Read More


India’s Goa shipyard looking at stock exchange listing in 2019


Splash247. 23 April. 2 minute read.
India’s Goa Shipyard plans to be listed on the bourses over the next one year given the Centre’s approval. The company, that has a healthy balance sheet and a good order book size, saw a turnaround in the last four years to become a profit-making entity.
Read More

Maritime and Logistics Conversations

Maritime & Logistics Weekly is happy to support the launch of the Cargo Transportation Masterclass, where 21 industry experts share their perspectives for shippers , exporters, importers and transportation service providers to benefit from their experience. This practical guide to safely transport cargo globally and make money from each shipment is hosted by Dr Lina Jasutiene.

Readers interested in exploring opportunities for collaboration and marketing exposure are invited to connect with the tradeshow team connect@maritime-world.com

Stay tuned to our newsletter to remain updated on key developments and events that MaritimeWeekly supports.

Reach out to over 12000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com


Maritime & Logistics Investments


NYK Line is the first shipping line to offer green bonds


Splash247. 17 April. 2 minute read.
Japan’s Nippon Yusen Kaisha (NYK) will become the world’s first shipping line to offer green bonds for the funding of environment-friendly projects. NYK’s green bonds of the total value of USD 93.5 Mln will have a 5-year maturity period.
Read More




German Bank joins responsible ship recycling standards initiative


Maritime Executive. 25 April. 6 minute read.
KfW IPEX-Bank has become the first German bank to join the Responsible Ship Recycling Standards initiative. The initiative began in May 2017, when ABN Amro, ING, and NIBC established the Responsible Ship Recycling Standards. Now eight members including Nordea, DNB, SEB and Export Credit Norway have joined the group.
Read More




Opinion: China looking to trigger demand growth with investment in infrastructure in ASEAN


International Policy Digest. 24 April. 8 minute read

The One Belt One Road project will play a major role in bridging ASEAN and China, two of the world’s economic powerhouses. Both ASEAN’s Master Plan for Connectivity and China’s New Silk Road share many commonalities such as using a connected system of roads, railways, and ports to grow the volume of trade between participating countries.
Read More


Free Zone & Logistics World




Iran enters Free Trade Zone with Eurasian Economic Union


Telesur. 24 April. 4 minute read.

Last week, Russia gave its nod to a 4-year draft agreement that will incorporate the Eurasian Economic Union and Iran into a Free Trade Zone. The agreement will not only help Iran reach international markets with its oil exports, but will also help boost Russia-Iran oil trade.
Read More




Exports from India’s Special Economic Zones soared 18% in 2017-18


Business Standard. 27 April. 8 minute read.

Exports of total merchandise and software from India’s Special Economic Zones rose 18% in FY18. The healthy upswing in exports has been attributed to progress in terms of clearances and facilities.
Read More




DP World concludes agreement for Berbera Free Zone


Somaliland Sun. 28 April. 8 minute read.

DP world has inked an agreement with the Republic of Somaliland to develop an Economic Free Zone at Berbera Port in Somaliland. The Free Zone will be modelled on DP World’s Jebel Ali Free Zone and will house a range of facilities for warehousing, logistics, trading and manufacturing and similar other business activities.
Read More

Automation & Training




Philippines set to allow trading in Cryptocurrency in Special Economic Zone


ZYCrypto. 27 April. 8 minute read.

Cryptocurrency exchanges will soon be allowed by Cagayan Economic Zone Authority (CEZA) to operate in the Philippine Cagayan Special Economic Zone. As per the CEZA rules, the exchanges will have to deposit a licensing fee of USD 100,000 each and will invest at least USD 1 Mln over a two year period.
Read More




OOCL and Microsoft partner in applying AI


Global Trade. 28 April. 7 minute read.

Microsoft Research Asia (MSRA) and Orient Overseas Container Line Limited (OOCL) joined forces in applying AI research to help improve the shipping industry’s network operations including vessel schedules and berth activities. The joint initiative will involve the hiring and training of over 200 AI developers over the next one year.
Read More




Singapore’s PSA and Crimson Logic set to build global trade and supply chain platform


The Straits Times. 25 April. 7 minute read.

PSA International and CrimsonLogic, with funding and strategic support from DBS Bank, will jointly build a global common trade and supply chain platform called Calista. The platform, that will connect business and government stakeholders, is being positioned as a one-stop shop for global trade and supply chain.
Read More


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