Insights from the Maritime & Logistics Ecosystem-Maritime & Logistics Weekly-Week#22


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



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1 June 2018

Dear {{Name}}
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.

Over 12000 senior executives and officials from the global maritime and logistics ecosystem benefit from the insights shared by Maritime & Logistics Weekly. Key news items for each industry sector, are available at our website www.maritime-weekly.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

What is topical this week

Global Trade & Logistics - To offset the global fuel price spike, major shipping lines hiked tariffs, which in turn could impact the cost of imports and exports. The changing contours of the manufacturing sector in China are also expected to impact global trade. A report brought out that 20% of global shipping by DWT is controlled by Greek Shipping.

Maritime & Logistics Infrastructure - Collaborations between ports could pave way to improved services in the sector. COSCO Shipping Ports formed alliance with GLP Holdings China to strengthen supply chain services. Ports in the US are leveraging collaboration to accomplish port environmental strategies. Turkey's Global Ports finalised an agreement to operate Havana's cruise port.

Multi-Modal Connectivity - Reforms and newer projects in the segment promise improved gains in efficiency and employment generation. India relaxed cabotage rules for coastal shipping of agricultural produce, Canada approved broad reforms for the freight rail and airlines sectors, and India's Logistics Sector expects to create 3 Mln jobs in the next 4 years.

Shipbuilding, Ship Repair & Recycling - Governments of major economies are pushing harder to improve business performance and it is showing results. India's Cochin Shipyard's quarterly profit rose significantly and a new Cabotage bill introduced by the US Congress aims to boost shipbuilding as well as create maritime jobs for Americans. Russia's Zvezda Shipyard would build an advanced ice-class tanker for Rosneft.

Maritime & Logistics Conversations

We are pleased to extend support as a Media Partner to the 5th Edition of “The Economic Times Supply Chain Management & Logistics Summit 2018" , to be held on 8th June 2018, New Delhi.

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 - While governments around the world are loosening their purse strings, the financial sector appears to be holding back on investments into shipping. This fiscal, India's shipping ministry expects to award contracts worth USD 10.5 Bln, Japan will provide yen loans to develop ports in the Indian Ocean. However, the loan exposure of the global shipping industry fell to USD 54 Bln.

Free Zone & Logistics World - While South Africa went all out to pursue Chinese investments for its SEZ, Vietnam would excercise caution in the development of its SEZs. A sector observer opined that integrating existing coastal SEZs with the overall coastal development program can rejuvenate SEZs in India.

Automation & Training - Drones, Block Chain, and AI once again figured as the top technologies that are breaking new grounds. An Israeli tech start-up has been conducting automated drone based suveys to help with the construction of an upcoming Gulf Port in Haifa, a Block Chain platform was launched for marine insurance, and IMO, the global regulatory body for shipping, initiated validation of autonomous ship operations.

Have a great week ahead!
Subhasis


Global Trade & Logistics

Shipping lines hike tariffs to offset fuel price spike, imports could cost more
The Telegraph. 25 May. 5 minute read
Maersk as well as Mediterranean Shipping Co (MSC) have decided to add surcharge on freight costs to offset the rising fuel costs. Maersk will hike freight rates by 20 percent. Crude oil price at around USD 80 a barrel is at its highest since 2014. Read More

Changing contours of the manufacturing sector in China expected to impact global trade
FXStreet. 24 May. 4 minute read
China’s industrial sector growth and its high-tech manufacturing ambitions are impacting global trade and could lead to breach of WTO rules. Its Made in China 2025 mission that aims to take the industry further up the value chain in areas such as robotics and biotechnology has contributed to the trade tensions with the United States in particular. Read More

20% of global shipping by DWT controlled by Greek Shipping
Xinhuanet. 26 May. 2 minute read
Greek shipowners have increased their contribution to the world maritime trade with control of 20 percent of the global fleet in deadweight tons (DWT). The Greek shipping sector also has 13.8 percent of the world market in gross tonnage (GT). Read More

Maritime & Logistics Infrastructure

COSCO Shipping Ports forms alliance with GLP Holdings China to strengthen supply chain services
Port Strategy. 23 May. 3 minute read
COSCO Shipping Ports (CSP) has joined forces with GLP China Holdings Limited and Eshipping Global Supply Chain Management (Shenzhen) Company Limited to provide improved supply chain services. The new alliance will support CSP’s aim to drive innovative growth and efficient deployment of port resources. Read More

Collaboration could be critical to accomplish port environmental strategies
AJOT. 25 May. 5 minute read
Collaboration among ports is proving to be an effective strategy for accomplishment of environmental sustainability in port operations. The Port of Portland, for example, has collaborated with six other US West Coast ports to see remarkable improvements in storm water management and emission reduction. Read More

Turkey's Global Ports finalises agreement to operate Havana's cruise port
Hurriyet Daily News. 22 May. 5 minute read
Turkey’s Global Ports Holding (GPH) has signed a 15-year agreement with the Cuban company Aries S.A. for the operation of the Havana cruise port. Global Ports will use its expertise and operating model to manage the cruise port’s operations and drive marketing and commercialization of upcoming facilities. 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 relaxes cabotage rules for coastal shipping of agricultural produce
Hindu BusinessLine. 23 May. 6 minute read
India's Shipping Ministry has relaxed the cabotage law that permitted only Indian registered ships to ply on local routes for carrying cargo. Now foreign-flagged container ships can carry agri produce in exim containers for transshipment and empty containers on local routes without a licence. Read More

Canada approves broad reforms for the freight rail and airlines sectors
Reuters. 24 May. 5 minute read
Canada has impemented air and rail freight reforms to mordernize the country's Transportation Act and provide more options for shippers with limited transportation choices. The new law will allow shippers to seek penalties against railways for poor service and help farmers move grains and other crops quickly to the markets. Read More

India's Logistics Sector expected to create 3 Mln jobs in the next 4 years
Zee Business. 24 May. 6 minute read
India's logistics sector could create 3 million new jobs over the next four years thanks to GST implementation and significant investments in infrastructure. The industry's seven sub-sectors including road freight, rail freight, warehousing, and courier services will help increase the employment numbers in the sector from the current 10.9 million to 13.9 million by 2022. Read More

Shipbuilding, Ship Repair & Recycling

Cabotage bill introduced by the US Congress to boost shipbuilding
Splash247. 23 May. 2 minute read
A new US Congress Bill will boost shipbuilding and jobs in the maritime sector. The Bill requires that a certain quota of vessels carrying US crude oil and LNG should be built and carried by US Ships. Read More

Russia's Zvezda Shipyard to build an advanced ice class tanker for Rosneft
Marinelink. 25 May. 4 minute read
AO Rosnefteflot and Zvezda Shipyard signed a contract for the construction of a shuttle tanker Arc6 to be used for safe export of oil and petroleum products from Trebsa and Titova fields. Arc6 ice class tankers are designed for operations where ice thickness is up to 1.5 m and the temperature is down to minus 45 degrees Celsius. Read More

India's Cochin Shipyard's quarterly profit rises significantly
India Infoline. 25 May. 5 minute read
Cochin Shipyard's fourth quarter net profit showed a remarkable growth of 122 percent year-on-year to post USD 13.6 Mln. The shipbuilding revenue for the quarter grew by 23.5 percent quarter-on-quarter and EBITDA grew 276.9 percent compared to the same quarter last year. Read More

Maritime and Logistics Conversations

We are pleased to extend support as a Media Partner to the 5th Edition of “THE ECONOMIC TIMES SUPPLY CHAIN MANAGEMENT & LOGISTICS SUMMIT 2018”, to be held on 8th June 2018, New Delhi. The Summit is being organised at a time when the economies of the Asian region are growing at a fast pace compared to global economies. India being one of the frontrunners in the developing world, the Summit’s participants will discuss ways to transform our economy into a global hub in the supply chain domain. This one-day Summit will bring together visionaries, industry influencers, strategy planners and implementers, technology providers, investors, and key decision makers from sectors like FMCG, FMCD, food Processing Industry, manufacturing, automobiles, pharma, telecom and agriculture all under one roof for meaningful conversations on the key supply chain and logistics areas.

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.

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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


Maritime & Logistics Investments

Indian shipping ministry expected to award contracts worth USD 10.5 Bln in FY 2018-19
BW People. 25 May. 3 minute read
India's Ministry of Shipping will award contracts worth USD 10.5 Bln under the Sagarmala Programme in the financial year 2018-19. The total number of projects awarded will be 196, which is more than thrice the number of projects awarded last year. Read More

Japan to provide yen loans to develop ports in the Indian Ocean
The Jakarta Post. 25 May. 8 minute read
As part of Japan's “free and open Indo-Pacific strategy”, the country plans to provide loans for the development of ports in three Indian Ocean nations — Myanmar, Sri Lanka and Bangladesh. Dawei in southeast Myanmar, Trincomalee in northern Sri Lanka and Matarbari in southeast Bangladesh are the three sites that are being considered for development. Read More

Loan exposure of the global shipping industry falls to USD 54 Bln
Hellenic Shipping News. 26 May. 6 minute read
Traditional bank finance into the shipping sector, especially that from the Western banks, has been on a steady decline. It is a significant trend given that bank finance continues to be the main source of shipping finance. European banks accounted for the vast majority of total loans at 78.70 percent and Credit Suisse remained at the top. Read More


Free Zone & Logistics World

South Africa pursuing Chinese investments for its Special Economic Zones
Xinhuanet. 21 May. 6 minute read
South Africa's Trade and Industry Ministry held road shows in China to draw investors for the former's special economic zones. From May 26 to May 31, the South African Ministry held workshops that showcased opportunities in the SEZs and the associated incentives. Read More

Build-testing one SEZ first instead of developing three at once , could benefit Vietnam
VN Express. 24 May. 5 minute read
Vietnam is considering to build-test one special economic zone first instead of three at once in order to proceed with careful planning and learning gained from the first SEZ. The total cost to develop the SEZs is expected to be in the vicinity of USD 66 Bln. Read More

Opinion-Integrating existing coastal SEZs with the overall coastal development program, could rejuvenate SEZs in India
Financial Express. 18 May. 9 minute read
Improving the multi-modal connectivity of coastal SEZs with the hinterland can help them realize their full potential. SEZs, such as the Sri City in Andhra, have benefitted from strong multi-modal connections with the hinterland owing to reduced logistics costs and enhanced export competitiveness. Read More

Automation & Training

Israeli tech start-up conducting automated drone based suveys of the upcoming Gulf Port in Haifa
Port Technology. 24 May. 7 minute read
An Israeli technology startup that built the world’s first fully automated drone is assisting with the development of of Israel’s new Gulf Port in Haifa. The startup, called Airbotics, has been performing drone-based surveys of reclamation areas and monitoring the breakwater construction. Read More

Block Chain platform for marine insurance, supported by Maersk launched
World Maritime News. 25 May. 5 minute read
Insurwave, a blockchain platform backed by Maersk Group, has been launched to support marine hull insurance. The platform has been built with a capacity to support more than half a million automated ledger transactions and help manage risk for more than 1,000 commercial vessels in the first year. Read More

IMO initiatiates validation of autonomous ship operations
Port Technology. 25 May. 7 minute read
IMO, the global regulatory body for international shipping, is exploring ways in which autonomous ships could operate safely and sustainably. The purpose of IMO's scoping excercise is to improve the efficiency of shipping via new technologies while at the same time ensuring safe navigation. Read More


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