Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 12 August 2016

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12 August 2016


Greetings from Maritime Weekly, a newsletter published by Maritime World Services, a research, executive search, and events management platform for the global maritime ecosystem. Our editorial board comprising reputed maritime, logistics, and media leaders curates key maritime news and analyses once a week, to support you in making informed decisions in the week ahead.


What is topical this week


The potential of Africa rests on integrating with the world economy and could result in increase in FDI. Indian cargo traffic grew 5.8% in June, supported by increased volumes of coal, ores and fertilisers.


Two new Indian transhipment ports Enayam and Vizhinjam can co-exist enhancing regional competitiveness. Libya has initiated maintenance of its largest port to increase crude export and the dredging project in the Mississippi River Ship Channel is considered a priority infrastructure project, especially post expansion of the Panama Canal.


Russia, Iran and Azerbaijan see INSTC as a game-changing multi-modal route, connecting the Indian and Eurasian Sub-continents and India would build an SEZ in Myanmar, to promote ASEAN connectivity.


Russia is looking towards Chinese investment in shipbuilding in Russia’s Far East and India’s Cochin Shipyard Ltd to develop LNG-based shipbuilding and repair facility.


In MNI news, this week we are happy to welcome Allcargo Logistics Ltd. as our Logistics Partner.


UK is looking to invest in a port and rail-link in Bangladesh and MMC plans 49% acquisition in Penang port of Malaysia. Bangladesh is making progress towards building an LNG import terminal and aged maritime workforce is creating training related jobs in the US.


Increasing requirement of cruise shipbuilding in Germany is supporting the shipbuilding industry and the Indian state, Kerala plans to connect 2 port cities by hydrofoil cruise boats.


Have a great week ahead.
The Maritime Weekly Editorial Board.



Global Maritime Trade

Connecting Africa to the global economy could catalyse growth
Hellenic Shipping News, 8 August, 5 minutes read
Africa’s share of global trade is the lowest, compared with Europe (36.8 per cent), Asia (32 per cent) and Latin America (3.8 per cent). A report, ‘Connecting Africa-Visa Integration Index’, indicated, this is due to Africa’s lower global economic integration, resulting in less than 5% of FDI. The potential of Africa rests on integrating with the world economy.

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Indian Cargo traffic grew 5.8% in June 2016
Business Today, 8 August, 4 minutes read
The growth in cargo traffic was due to the substantial rise in volumes of coal and iron ore, other ores, edible oils and fertilizers. Though cargo traffic of petroleum oils, lubricants, cement and sugar declined, cumulative cargo traffic in India during the quarter, April-June 2016 registered growth of 6.2 per cent.

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Maritime Infrastructure

India's two new transhipment ports Enayam and Vizinjam could co-exist in the east coast.
Hellenic Shipping News, 8 August, 4 minutes read
The transhipment port, Enayam is expected to be a game-changer. India needs more ports for its cargo handling, estimated to be 2.5 billion by 2025 against 1.5 billion tones now. Enayam is in close proximity to the upcoming Vizhinjam. Exponents of Enayam port maintain they can co-exist. As per Mr. Bose, Chairman, Tuticorin port Trust, the best service will attract business. Chennai port trust Chairman Mr. George also stated to do well. The key is the competitiveness.

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Libya initiates maintenance work at its largest port to increase oil export
WorldOil, 7 August, 3 minutes read
To increase crude production, Libya has started maintenance work at Es Sider port, the oil export terminal. Es sider port is operated by Waha Oil Co. Mr. Mohamed, Head-Operations, Waha Oil Co. said Es Sider Port has been closed since December 2014 when armed groups attacked the port, expects official order soon to reopen.

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US:Dredging the Mississippi-river ship channel, a key maritime infrastructure project
American Journal of Transportation, 1 August, 6 minute read
The greatest issue facing US ports is the need for dredging. The Port of South Louisiana uses the Mississippi River Ship Channel. Mr. Paul Aucoin, Executive Director of Port of South Louisiana informed, the goal is to get the U.S. Army Corps of Engineers to dredge 50 feet of the Ship Channel.

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Port Connectivity

Russia, Iran , Azerbaijan map out rival to Suez Canal
Payvand, 7 August, 4 minutes read
Russian President Vladimir Putin was quoted as saying, to focus on the flagship project: The International North-South Transport Corridor (INSTC). INSTC is a multi-model route-ship, road and rail. It is expected to reduce costs, travel time and boost the trade. The route connects Mumbai, Iranian port, Bander Abbas, Baku in Azerbaijan, Astrakhan, Moscow and St Petersburg up to Europe and Scandinavia. Iranian Foreign Minister, Mr. Javad Zarif also confirmed the discussions in the “final details”.

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India building an SEZ at Myanmar to promote ASEAN Connectivity
Economic times, 9 August, 5 minutes read
India plans to build an SEZ in Sittve-Myanmar. The plan was explained by MOS-External Affairs Mr. V. K. Singh at India-ASEAN foreign ministers meet at Laos. Mr. Singh emphasized implementation of the Master Plan on ASEAN connectivity, invited the ASEAN countries to participate in the Zone. The officials indicated, the entire zone will become a market for Indian investments. Besides China and Japan SEZs and with India in Sittve- all in Myanmar, a great game is unfolding in the region.

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Shipbuilding

Russia looking towards Chinese investment in shipbuilding in the far east.
SPUTNIK, 8 August, 3 minutes read
Russian Ambassador to China, Mr. Andrei Denisov informed, they approached Beijing with a proposal to invest in shipbuilding in Russia’s Far East. The diplomat hinted about Zvezda Shipyard for partnership.

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India- Cochin Shipyard plans to develop a LNG shipbuilding hub
Marinelink, 7 August, 3 minutes read
Mr. Madhu S. Nair, Chairman, Cochin Shipyard Ltd (CSY) informed to develop LNG-based shipbuilding and repair facility at Kochi. Mr. Nair added, a large dry dock, to be constructed, is expected to provide capability to build and repair large LNG vessels and aircraft carriers and expects to generate about 3000 jobs, quoted The Hindu.

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Maritime Nation India 20-22 September 2016 news


Maritime Nation India September 20-22, 2016 has already received support from the Prime Minister’s Office (PMO) the Minister of Road Transport, Highways & Shipping , India. We acknowledge the wholehearted support from Jawaharlal Nehru Port Trust (JNPT), Mumbai and Nava-sheva Ship Agents Association (MANSA), Federation of Freight Forwarders Associations of India (FFFAI), Indian National Ship-owners Association (INSA), The Indian Private Ports and Terminals Association (IPPTA), The Association of Multi-modal operators of India (AMTOI) , Indian merchant chamber (IMC), Brihanmumbai Custom House Agents’ Association (BCHAA), Travel Agents Federation of India (TAFI) and Travel Agents Association of India (TAAI).


The Federation of Freight Forwarders Association in India (FFFAI), supported by the Ministry Of Commerce is organising the International North South Transport Corridor ( INSTC) -International Conference - India 2016 in collaboration with Maritime World Services at the same venue. Representatives from the government and trade from 10 countries are expected to participate in the conference.


This week we are happy to welcome : Allcargo Logistics Ltd. as our Logistics Partner



Allcargo Logistics Ltd. -our valued Logistics Partner is an leading Indian logistics multinational company with a strong local and international network. Allcargo logistics is one of the market leaders in the country in maritime and multimodal logistics. Equipped with highly trained professionals, latest hi-tech processes and systems, their quality of services and delivery of the promises are well-known.

 



We will keep the readers updated on key developments and events that Maritime Weekly supports.



Maritime Capital

UK exploring investment in Payra port, Padma Bridge rail link in Bangladesh
The Financial Express, 4 August, 2 minutes read
UK wants to invest in Padma Bridge Rail-link and Payra Port projects in Bangladesh. Bangladesh commerce minister Mr. Ahmed confirmed a meeting with The British High Commissioner in Dhaka, reports The Financial Express.

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MMC plans acquisition of 49% stake in Indonesia’s Penang port for USD 49.5 Mln
Nikkei Asian Review, 8 August, 4 minutes read
MMC plans to buy 49% stake in Penang Port of Malaysia. The cash deal envisages 49.5 million USD, from its own Seaport Terminal (Johore) shareholdings. The MMC aims to consolidate ports business and listing on Malaysian Stock Exchange by 2017. Penang Port, in the northern state of Penang, is Malaysia's third-largest port by container throughput .

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People & Technology

Bangladesh- progress in building floating LNG import terminal
Maritime Professional, 26 July, 5 minutes read
Moheshkhali Floating LNG of Banladesh to be the world’s first fully integrated, floating LNG terminal. Excelerate,Petrobangla and Government of Banglsdesh executed the agreements. The terminal is expected to provide infrastructure to access natural gas from global markets, expected to be operational in 2018.

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US- Training, jobs open up as the maritime workforce ages
The Settle times, 31 July, 7 minutes read
Washington’s maritime workforce is getting aged; the average age is 54. The retiree’s mass exodus is just around. Various groups of professionals are replacing.

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Leisure & Cruise

Germany- Cruise shipbuilding , a boon for the shipbuilding industry
SKIFT, 7 August, 5 minutes read
With passengers rising at 4.5%, the global cruise industry is the bright spot. KfW IPEX of Germany plans to fund more cruise liners totalling 2.8 billion Euros. The top shipyards including Germany’s Meyer Werft GmbH are working to capacity.

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India- Kerala plans to connect two port cities through hydrofoil cruise service
Indian DTH Forum, 4 August, 5 minutes read
Hydrofoil boats can attain great speeds and increases fuel efficiency. First in India, a hydrofoil ferry service is planned to connect the two port cities- Kochi and Kozhikode in Kerala. The project is expected to sail off by Onam this year, being financed by a Dubai-based private firm and facilitated by Kerala government. Mr. Sheikh Pareeth, the Director of Ports, confirmed the move.

Read More


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