Maritime & Logistics Weekly – Week # 32. US, China indicate escalation of tariffs. India plans unified authority for freight transport. Uber discontinues self-driving trucks. 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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10 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 - The US has indicated an escalation of tariffs on imports from China. The focus of container shipping lines on asset utilisation could mitigate the impact of the fuel price hike and the trade war. Sri Lanka has reduced transhipment tariffs by 9.5% after India removed cabotage restrictions.

Maritime & Logistics Infrastructure - Kenya has unveiled plans to develop 11 new ports in the country. Japan and China could cooperate on the Belt and Road Initiative (BRI). DP World has won the arbitration case over Djibouti’s Doraleh Container Terminal.

Multi-modal Connectivity - PSA Singapore has moved a step closer to providing port rail connectivity in India with the acquisition of DLI. The Inland Waterways Authority of India (IWAI) has launched a portal to connect cargo and vessel owners. The Indian Government plans to build a unified authority for freight transport.

Shipbuilding, Ship Repair & Recycling - The Philippines has invited Japan’s Tsuneishi shipbuilding for expansion of its operations. The European shipbuilding major Fincantieri has reported an increase in revenues and profits in H1/2018. Oil tankers comprise the highest number of ships to be scrapped in decades.

Maritime & Logistics Conversations

Read an insightful perspective from Maritime & Logistics Weekly publisher Subhasis Ghosh on China's Belt and Road Initiative (BRI) and how it can help industry stakeholders re-learn the effectiveness of the Port-Park-City (PPC) model. Read more

Maritime & Logistics Weekly now has over 10,000 followers on LinkedIn, Facebook, and Twitter. We invite you to join the conversations and share the updates with your colleagues and peers.

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

Maritime & Logistics Investments - Singapore’s PSA will acquire a 60% stake in Canada’s Ashcroft inland terminal. Iran is providing ships and insurance cover to India to continue oil exports post-US-sanctions. India’s logistics sector is expected to see an annual investment of USD 500 Bln by 2025.

Free Zone & Logistics World - Oman’s first smart city will be set up in the SEZ in Duqm. A Chinese business group will invest in Bangladesh’s Mirsarai Economic Zone. The Philippines Cagayan Economic Zone Authority is seeing a strong demand for crypto currency licenses.

Automation & Training - China’s Macau could leverage technology to develop a trade port in shallower water. ZPMC's new autonomous container straddle carrier has entered the road test stage. Uber is discontinuing its self-driving truck division, leaving Tesla and Google in the race.

Have a great week ahead!
Editor


Global Trade & Logistics





US indicates escalation of tariffs on imports from China



Business Insider. 2 August. 8 minute read.

US President Donald Trump has directed the US Trade Representative to consider imposing 25% tariff on USD 200 Bln worth of Chinese imports. The latest directive is an escalation of the US-China trade row, which has already hit about USD 74 billion worth of trade with additional tariffs.
Read More



Container shipping lines focus on asset utilisation to mitigate fuel price hike and trade war


Maritime Professional. 30 July. 7 minute read.
Container-shipping companies that compete on asset quality, fleet size and shipping efficiency could turn a profit this year. Shipping companies face challenges of higher fuel and operational costs, stricter environmental rules and deteriorating global trade relations which can offset any increase in demand.
Read More



Sri Lanka reduces transhipment tariffs by 9.5% after India removes cabotage restrictions


The Hindu Business Line.  2 August. 7 minute read.
After India lifted cabotage restrictions on foreign ships, allowing them to operate on local routes, Colombo has upped the ante by reducing its transhipment rates by 9.5 per cent. Colombo is one of the major container transhipment hubs in the region along with Jebel Ali, Singapore, and Port Klang and a large part – 45 per cent – of its transhipment volume comprises India-bound or originating containers. Read More

Maritime & Logistics Infrastructure



Kenya plans to develop 11 new ports in the country


Port Strategy. 1 August. 3 minute read.
Kenya Ports Authority has selected Rotterdam-based Maritime & Transport Business Solutions (MTBS) for the development of 11 ports in the country. MTBS and Nairobi-based Runji & Partners and will develop a study to create a master plan for potential port sites and a roadmap for the development of ports under Kenya’s Vision 2030.
Read More


Japan and China could cooperate on the Belt and Road Initiative (BRI)

Nekkei Asian Review. 3 August. 6 minute read.
China and Japan have agreed to increase collaboration in the private sector, particularly in the area of infrastructure as part of Beijing's Belt and Road Initiative. China also wants to work with Japan in the development of newer digital technologies such as artificial intelligence and advanced electronic settlement systems, as well as boost bilateral cooperation in the financial sector.
Read More


DP World won the arbitration case over Djibouti’s Doraleh Container Terminal

CNBC. 2 August. 5 minute read.
The London Court of International Arbitration (LCIA), in a recent ruling, has held that DP World's operating contract for a port container terminal in Djibouti is valid and binding. In February, 2018, the government of Djibouti seized control of the Doraleh Container Terminal from DP World that the latter had built and operated since 2006.
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



PSA Singapore moves to provide port rail connectivity in India with the acquisition of DLI


The Hindu Business Line. 2 August. 7 minute read.
Singapore-based global port operator PSA International, along with private equity firm Gateway Partners will acquire a controlling stake from Infrastructure India Plc (IIP) in Distribution Logistics Infrastructure Pvt Ltd (DLI) for USD 125 million. DLI, with offices in Bengaluru and Gurugram and presence across India, provides logistics services such as rail freight, trucking, customs clearing and bonded warehousing.
Read More



Inland Waterways Authority of India launched portal to connect cargo and vessel owners


Marine Link. 1 August. 5 minute read.
The Inland Waterways Authority of India (IWAI) has launched a dedicated portal to provide real-time data on availability of vessels to cargo owners and shippers. The portal, designed and developed by its in-house IT team and the Traffic wing, will also enable interactions among the vessel operators, shippers and cargo owners and will be the only platform in the country to provide these services.
Read More



The Indian Government plans to build a unified authority for freight transport


The Hindu. 3 August. 5 minute read.
The Indian government is considering the formation of a unified transport authority to manage and improve freight movement across the country’s rail, road and water networks. A blueprint for the proposed Ministry envisages a greater impetus on multi-modal freight aggregators, construction of large multi-modal logistic hubs at Indian ports, and other such initiatives.
Read More

Shipbuilding, Ship Repair & Recycling



Philippines invites Japan’s Tsuneishi shipbuilding to expand


Manila Bulletin. 30 July. 5 minute read.
The Philippines government has invited Japanese shipbuilder Tsuneishi Shipbuilding Co. Ltd. for further expansion of its operations in Cebu to Iligan near the Marawi area which would help provide more jobs. The exhortation was put forth at a gathering of over 400 Japanese manufacturers invited to be a part of Philippines' 2018 Investment Roadshow in Japan.
Read More



European major shipbuilder Fincantieri reported increase in revenues and profits in H1/2018


Ship Technology. 27 July. 7 minute read.
Italian shipbuilding major Fincantieri has announced a profit growth of 39%, revenues growth of 10%, and EBITDA growth of 25% in the first half (H1) of 2018. Fincantieri’s order book features scheduled deliveries until 2026, which will allow the company to ensure workload for all its Italian yards and consolidate its leadership position in the in the European shipbuilding industry.
Read More



Oil tankers comprise the highest number of ships to be scrapped in decades



Business Mirror. 4 August. 8 minute read.
Owners of oil tankers are apparently on a demolishing spree; they are sending their supertankers for scrapping at the fastest pace since the 1980s. Owners have been adversely effected by a pact made by OPEC members and allies led by Russia, to curtail crude output by 1.8 million barrels a day since the start of 2017.
Read More

Maritime and Logistics Conversations

Read an insightful perspective from Maritime & Logistics Weekly publisher Subhasis Ghosh on China's Belt and Road Initiative (BRI) and how it can help industry stakeholders re-learn the effectiveness of the Port-Park-City (PPC) model. The column is based on Mr Ghosh's conversations with industry leaders and his own objective assessment of the initiative. Read more

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.

Interact with us. Choose your platform!

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



Singapore’s PSA to acquire 60% stake in Canada’s Ashcroft inland terminal



Ship Technology. 1 August. 7 minute read.
PSA Canada Holdings, a subsidiary of Singapore's PSA International, will purchase a 60% interest in Canada’s Ashcroft Terminal (AT), situated about 300km east of the Port of Vancouver. The Terminal comprises 320 acres of freehold industrial land and has two railroad lines, Canadian National Railway and Canadian Pacific Railway, running through the facility to move cargo to and from the Vancouver port.
Read More





Iran providing ships and insurance cover to India to continue oils exports post US sanctions


First Post. 26 July. 8 minute read.
To counter the looming US sanctions on its oil trade, Iran has started to provide support to India in the form of shipping insurance as well as its own ships so that India continues crude oil imports from Iran. India's state-owned oil and natural gas company Hindustan Petroleum Corp Ltd had to cancel the purchase of an Iranian oil cargo after it faced insurance issues.
Read More





India’s logistics sector to see annual investment of USD 500 Bln by 2025



Business Standard. 30 July. 9 minute read.

The Indian government expects the investment spend of on logistics, including infrastructure, to touch USD 500 billion per year by 2025. The government has been taking legislative and administrative measures to form an integrated strategy to improve the logistics sector and boost trade.
Read More


Free Zone & Logistics World





Oman’s 1st smart city to be set up in SEZ in Duqm


Construction news. 29 July. 3 minute read.

Oman has signed an MoU with South Korea to develop its first smart city in the Special Economic Zone (SEZ) in Duqm. As per the MoU, South Korea will do a comprehensive study to explore the development of smart city principals in Duqm. South Korea has ostensibly developed the world’s first smart city, the Songdo International Business District, which cost over USD 40 Bln and will feature more than 100 smart buildings on completion.
Read More





Chinese business group looking to invest in Bangladesh’s Mirsarai Economic Zone



BD News 24. 29 July. 4 minute read.

China's Sichuan Silk Road Belt Investment & the Corporation Chamber of Commerce has signed an MoU with the Bangladesh Economic Zones Authority to build an industrial park in Mirsarai which will produce automobiles, agricultural machines and cattle food. Investors have been showing interest in the economic zone due to its location as it is situated only 10 kilometres away from Dhaka-Chattogram Highway and 65 kilometres from Chattogram Port.
Read More





Philippines Cagayan Economic Zone Authority sees strong demand for crypto currency licenses


Coin Geek.  1 August. 4 minute read.

The Philippines' Cagayan Economic Zone Authority (CEZA) is seeing a better-than-expected response for its cryptocurrency licenses from international operators. CEZA expects to get as much as USD 68 Mln in licensing revenue, and 17 firms have already paid in full to obtain licenses to operate cryptocurrency businesses.
Read More

Automation & Training





China’s Macau could leverage technology to develop trade port in shallower water


Macau Business. 3 August. 5 minute read.

China's Macau city is looking to use technology to develop a trade port in its 85-sq km of territorial waters, even though the depth there is shallower than that of the water in Hong Kong. The central government of China granted Macau the demarcation of 85 square kilometres of territorial waters two years ago; the city has prepared a framework law for the Management of Maritime Waters recently.
Read More





New ZPMC autonomous container straddle carrier enters road test


Hellenic Shipping News. 7 August. 7 minute read.

ZPMC's new container straddle carrier equipped with an autonomous navigation system has formally entered the dynamic road test stage at China's Shanghai Zhenhua Heavy Industry Co. Ltd. The carrier, a specialized loading machine for transporting and stacking containers, is the first in a new generation of automated intelligent equipment for the port industry.
Read More





Uber discontinuing self-driving truck division, leaving Tesla, Google in the race


Futurism. 31 July. 6 minute read.

The taxi-cab e-network pioneer Uber is shelving its plans for autonomous cargo transportation for the foreseeable future. The company has decided to close its self-driving truck division and focus instead on its cars for the passenger segment.
Read More


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