Maritime & Logistics Weekly – Week # 31. US and EU agree to work on trade deal. 220 Ships recycled in Q2/2018. COSCO shipping impacted by cyber attacks. And more insights




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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3 August 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 the 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

What is topical this week

Global Trade & Logistics - US and EU agree to work towards a zero tariff, zero subsidy deal. The Israeli container line ZIM has entered a strategic cooperation deal with Maersk Line and MSC on Asia-US East Coast trade lane. Liberia continues to be the leading open registry in the shipping and offshore sectors in 2018.

Maritime & Logistics Infrastructure - Sri Lanka Port Authority (SLPA), China and India are jointly investing to develop ports in Lanka. Somaliland is looking at a key role for Berbera Port on the Red Sea Trade Lane. DP World signed a 20-year concession agreement to develop a logistics hub in Mali.

Multi-modal Connectivity - The Baku-Tbilisi-Kars (BTK) rail connectivity is proving beneficial for Caspian trade. India’s shipping ministry is working on tweaking the “right of first refusal” formula for the coastal & bulk cargo of state-owned enterprises. Azerbaijan has moved ahead with Iranian railway connectivity project, whereas Armenia has shelved its plan to build a railway line connecting to Iran.

Shipbuilding, Ship Repair & Recycling - China’s COSCO Group has ordered for ships with an option for fuel conversion ahead of the implementation of IMO rules. India’s Goa Shipyard has delivered 4 fuel barges to the Navy ahead of the schedule. A total of 220 ships were recycled in Q2/2018 with the majority in South Asian Yards.

Maritime & Logistics Conversations

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Maritime & Logistics Investments - China has committed to invest USD 14.7 Bln in South Africa and increase bilateral trade. The Russian Rail Freight Operator RTC Group is considering an IPO in Moscow. The China Pakistan Economic Corridor (CPEC) projects have been impacted due to a financial crisis.

Free Zone & Logistics World - South Africa is looking to emulate China’s SEZ model for a faster economic growth. The Indian government has granted 15 SEZ developers and units more time to complete projects. Oman’s Marafi has signed an MoU to develop a dry port in Khazaen Economic City.

Automation & Training - COSCO Shipping of China has been impacted by a cyber-attack in the US. A consortium aims to develop block chain for the bunkering industry. Drones are being successfully deployed for healthcare logistics.

Have a great week ahead!
Subhasis


Global Trade & Logistics





US and EU agree to work towards a zero tariff, Zero subsidy deal



The Guardian. 25 July. 6 minute read.

The US and European Union have agreed to work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods. They will also work together to resolve the dispute that arose due to steel and aluminum tariffs imposed by the US.
Read More



Israeli container line ZIM entered strategic cooperation with Maersk Line and MSC on Asia-US East Coast trade lane


Maritime Executive. 22 July. 3 minute read.
Starting this September, Israeli container line Zim will operate five loops with Maersk Line and MSC between Asia and the U.S. East Coast as part of a recently-signed strategic operational deal. The term of the cooperation is seven years during which ZIM will operate one loop and Maersk Line and MSC will operate four loops, and the parties will swap slots on all loops.
Read More



Liberia continues to be the leading open registry in the shipping and offshore sectors in 2018


Hellenic Shipping News. 27 July. 6 minute read.
Liberia remained the leading major open registry in 2018 in both the shipping and offshore sectors, having grown by 2.2 percent in terms of gross tonnage overall so far this year. Despite tough market conditions, Liberia has improved its services and increased investments in technology while maintaining a reputation for the highest standards of responsiveness and safety. Read More

Maritime & Logistics Infrastructure



Sri Lanka Port Authority (SLPA), China and India jointly investing to develop ports in Lanka


Hellenic Shipping News. 27 July. 5 minute read.
Sri Lanka Ports Authority (SLPA), China and India are investing over USD 700 million for the development of three important ports in Sri Lanka over the next three years. SLPA would invest USD 100 million, China would invest between USD 400 to 600 million, and India has thus far pledged USD 40 million for port development.
Read More


Somaliland looking at key role with Berbera Port on The Red Sea Trade Lane

Times Live. 27 July. 7 minute read.
Somaliland, that broke away from Somalia in 1991, is looking at the port of Berbera to play a key economic role as it gains significance on the Red Sea shipping route. Somaliland struck a deal early this year giving Dubai port giant DP World and Ethiopia 51-percent and 19 percent stakes in the Berbera port respectively.
Read More


DP World signed 20 year concession agreement to develop a logistics hub in Mali

Ventures Africa. 27 July. 7 minute read.
DP World has signed a concession agreement with Mali government to build and develop a logistics hub in Mali's capital city of Bamako. The 20-year concession deal will see the global port operator manage the total affairs of 1000-hectare modern logistics hub that will the capacity of handling 300,000 TEU, 4 million tons of bulk and general cargo.
Read More




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Multi-modal Connectivity



The Baku-Tbilisi-Kars (BTK) rail connectivity benefits Caspian Trade


Caspian News. 26 July. 5 minute read.
The Baku-Tbilisi-Kars (BTK) railway has replaced a long and costly railway-to-maritime route with a safer and more profitable alternative for supplying metal from Magnitogorsk to Turkey twice as fast as has been done previously. Russia’s Magnitogorsk Metallurgical Plant supplies around 60,000 tons of iron and steel products to Turkey every month, and BTK railway will help save time and reduce cost to a great extent, playing a critical role in the trade.
Read More



India’s shipping ministry working on tweaking the “right of first refusal” formula for coastal & bulk cargo of state owned enterprises


Hellenic Shipping News. 27 July. 5 minute read.
India's Shipping Ministry is considering a compromise formula to tweak the right of first refusal (ROFR) benefit given to local fleet owners for carrying coastal oil and bulk cargo. Protests from local fleet owners against a blanket withdrawal of the benefit have impelled the Ministry to take a relook at the ROFR.
Read More



Azerbaijan moves ahead with Iranian railway connectivity project, Armenia shelves plan


Eurasianet. 27 July. 8 minute read.
Armenia has shelved the long-discussed railway line connecting Armenia with Iran, citing its estimated USD 3.5 billion construction cost as the main reason. Meanwhile, Azerbaijan has been gaining ground in the region’s infrastructure development race -- early this year Iran accepted a USD 500 million loan from Baku to construct a 205-km railway from Rasht to the Azerbaijani border.
Read More

Shipbuilding, Ship Repair & Recycling



China’s COSCO Group ordered for ships with option for fuel conversion ahead of implementation of IMO rules.


Hellenic Shipping News. 26 July. 6 minute read.
China COSCO Shipping Energy and COSCO Shipping Bulk have ordered new ships that allow for conversion to dual-fuel operation which will be compliant with the upcoming International Maritime Organization’s global sulphur limit rule for marine fuels. The COSCO Group has ordered a total of 33 Wartsila 20 engines for merchant auxiliary power application in three major shipbuilding projects.
Read More



India’s Goa Shipyard delivered 4 fuel barges to the Navy ahead of schedule.


UNI India. 26 July. 5 minute read.
India's Goa Shipyard Ltd (GSL) delivered 'Fuel Barge - 13', the fourth and the final barge to Indian Navy five months ahead of contractual schedule as per the agreement signed in the year 2015. The 1000T Fuel barge is used to replenish fuel to ships in harbour, at anchorage and even at distant locations.
Read More



220 ships recycled in Q2/2018 with majority in South Asian Yards.



Hellenic Shipping News. 26 July. 7 minute read.
A total of 220 ships were recycled globally in the second quarter of 2018. The number comprises 169 ships that were sold to the recycling companies of South Asia for dirty and dangerous breaking.
Read More

Maritime and Logistics Conversations

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Maritime & Logistics Investments



China commits to invest USD 14.7 Bln in South Africa and increase trade



Business Live. 24 July. 4 minute read.
China will invest USD 14.7bn in South Africa in sectors such as infrastructure development, ocean economy, science and technology, agriculture and environment to boost bilateral trade. China has also granted loans to South Africa's electric public utility Eskom, freight rail operator Transnet, and media entity Naspers as part of the initiatives to strengthen economic ties and increase trade.
Read More





Russian Rail Freight Operator RTC Group considering IPO in Moscow


Reuters. 25 July. 2 minute read.
Russia's Rail freight company RTC Group is considering an initial public offering (IPO) later this year. RTC is aiming for a valuation of around USD 795 million and looking to raise around USD 300 - 500 million from the IPO.
Read More





China Pakistan Economic Corridor (CPEC) projects impacted due to financial crisis



CNBC TV 18. 23 July. 5 minute read.

A financial crisis at Pakistan's National Highway Authority has hit the ongoing work at the USD 50-billion China-Pakistan Economic Corridor (CPEC), the flagship project of China's Belt and Road Initiative (BRI). CPEC will connect China's largest province Xinjiang with Pakistan's Gwadar port in Balochistan, allowing Beijing access to the Arabian Sea.
Read More


Free Zone & Logistics World





South Africa looking to emulate China’s SEZ model for faster economic growth


Xinhuanet. 24 July. 4 minute read.

South Africa is looking at emulating China's special economic zone (SEZ) model to drive future economic growth. Presently, South Africa has eight SEZs in six provinces to promote economic growth and address unemployment and poverty and the government hopes to attract via SEZ local and foreign investors to help advance industrialization of the country.
Read More





Indian government granted 15 SEZ developers and units more time to complete projects



Live Mint. 16 July. 4 minute read.

The Indian government has given more time to execute projects to 15 special economic zone developers and units, including APPL Industries and Camlin Fine Sciences, Electronics Corporation of Tamil Nadu and DLF Info Park. SEZs have emerged as major export hubs with a reported exports growth of 15 percent to USD 80.5 billion in 2017-18.
Read More





Oman’s Marafi signed MoU to develop a dry port in Khazaen Economic City


Muscat Daily. 25 July. 3 minute read.

The ASYAD Group subsidiary Marafi has entered into an MoU with Khazaen Economic City to jointly develop and operate dry port facilities in Khazaen. The Khazaen Economic City will be developed into an international logistics hub which will have a dry port along with logistics, industrial, commercial and residential zones.
Read More

Automation & Training





COSCO Shipping of China, impacted by cyber-attack in the US


WSJ. 25 July. 6 minute read.

A cyberattack rendered Cosco Shipping Holdings Co.'s U.S. website and email systems disabled, however company's global shipping operations reported no disruptions. COSCO has requested its customers to submit booking requests through its website’s e-commerce function or use one of about 40 temporary email addresses to contact its representatives.
Read More





Consortium aims to develop block chain for the bunkering industry


Maritime Executive.  25 July. 5 minute read.

A consortium of organizations including Lloyd’s Register, Precious Shipping, Bostomar, BIMCO, International Bunker Industry Association and GoodFuels will apply blockchain technology to bunkering to increase transparency and traceability. The consortium will evaluate how blockchain could help provide a tamper-resistant and reliable reputation system of the compliance of fuels prior to purchase, beneficial to both buyers and regulatory bodies.
Read More





Drones show promise in healthcare logistics


HealthTech. 31 July. 6 minute read.

Drones are being successfully deployed to deliver lifesaving drugs and blood to hospitals in Virginia, US and communities in Rwanda, Africa. Drone technology and its components, such as GPS and lithium batteries, are also being improved at a fast pace thus augmenting their adoption in healthcare logistics.
Read More


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