Maritime & Logistics Weekly – Week # 34. Container shipping rates rise. Relaxation of cabotage increases transhipment from India. New technique to reduce cost of shipbuilding. And more insights




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24 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 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 - Container shipping rates have benefitted from tariffs, trade issues and capacity cuts. Russia and Turkey will open the Black Sea trade lane through Crimea. Kenya is looking to revive its state-owned shipping line in partnership with MSC.

Maritime & Logistics Infrastructure - Russia, Iran and three other nations have agreed to divide Caspian Sea’s resources. DP World has reported revenue growth for the first half of 2018. The July throughput of Cosco Shipping Ports grew by 12 percent to reach 8.6 Mln TEUs.

Multi-modal Connectivity - Indian Railways is looking to build East Coast Freight Corridor with an investment of USD 6.2 Bln. India’s relaxation of the cabotage law has helped increase transhipment at its ports. Eurasia is home to the world’s largest railway operators.

Shipbuilding, Ship Repair & Recycling - Japan’s JICA will strengthen its collaboration with Philippines’ Marina to help develop shipbuilding and ship repair. Greece’s Pireus Port witnessed a significant growth in shipbuilding and ship repair activity in the first half of 2018. Norways’s Yara has signed a shipbuilding contract with the Fincantieri-subsidiary Vard to develop the world’s first autonomous & electrically-driven vessel.

Maritime & Logistics Conversations

We are happy to share the link to 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 .

Maritime & Logistics Weekly now has over 10,000 followers on LinkedIn, Facebook, and Twitter. We post weekly updates on social media which are generating good conversations. 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 - JD.Com and Walmart will invest USD 500 Mln in a Chinese Logistics Service provider. India’s Inland Waterways Authority will take the majority stake in a waterways SPV in Kerala, India. A subsidiary of Netherlands-based Energy Infrastructure Butano will invest USD 100 Mln to set up an LPG terminal in Gujarat, India.

Free Zone & Logistics World - The Thailand Government is looking to revamp its SEZ strategy and improve access within ASEAN. Incentives to India’s SEZs may need to be aligned with subsidy programs in WTO agreements. India’s Allcargo plans to set up logistics and industrial parks.

Automation & Training - A new technique will help shipbuilders reduce steel warping and lower the cost of shipbuilding. Rolls Royce has partnered with Associated British Ports (ABP) and Maersk’s Svitzer to develop port technologies. Japan’s MOL is investing in six emission-reduction technologies as part of its drive to comply with international environmental regulations.

Have a great week ahead!
Editor


Global Trade & Logistics





Container shipping rates benefit from tariffs, trade issues and capacity cuts



Freight Waves. 13 August. 6 minute read.

Container shipping rates to both US coasts have risen, thanks to a buoyant US economy, tighter vessel supply, trade shifts and the tariff row. Spot container rates from Asia-to-US West Coast are at over USD 2000 per feu, up 75 percent and Asia-to-US East Coast rates are at USD 3,000 per feu, up 36 percent from the start of July.
Read More



Russia and Turkey to open Black Sea trade lane through Crimea


RT. 17 August. 3 minute read.
The warming of relations between Russia and Turkey has made it conducive for the Crimean peninsula to launch a ferry service to the Turkish Black Sea coast. This year , the ferry will be used to transport cargo, and the passenger traffic will begin in 2019.
Read More



Kenya looking to revive state owned shipping line in partnership with MSC


Bloomberg. 16 August.4 minute read.
Kenya has signed an agreement with MSC to help revive the 31-year-old Kenya National Shipping Line (KNSL), owned jointly by Kenya and three foreign shareholders. Kenya has proposed to give KNSL the sole mandate to handle government cargo. Read More

Maritime & Logistics Infrastructure



Russia, Iran and 3 other nations agreed to divide Caspian Sea resources.


New York Times. 12 August. 5 minute read.
Leaders of five nations, which share the shoreline of the Caspian Sea, have finally reached an agreement over the status of the world’s largest inland body of water and its natural resources. The leaders of Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan have agreed on a formula that treats the sea as international water and divides the seabed into territorial zones.
Read More


DP World reports revenue growth in H1/2018

Al Arabiya. 16 August. 3 minute read.
DP World's H1 2018 revenue rose by 14.4 percent to reach USD 2.6 billion and EBITDA by 7.9% to reach USD 1.3 billion. The company reported a profit of USD 593 million, an increase of 5.2 percent on a year-on-year basis.
Read More


July throughput of Cosco Shipping Ports up 12% to 8.6 Mln TEUs

Seatrade Martime.  15 August. 3 minute read.
Aided by excellent performances at Bohai Rim ports and overseas terminals, Cosco Shipping Ports has posted stellar results in July, reporting an overall throughput growth of 12.1 percent to 8.59m teu. The Bohai Rim region saw a throughput growth of 21.5 percent to 1.69m teu and Cosco Shipping Port’s overseas terminals saw a volume growth of 42 percent to 1.20m teu.
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



Indian Railways looking to build East Coast Freight Corridor with an investment of USD 6.2 Bln


Business Today. 17 August. 7 minute read.
Indian Railways plans to invest USD 6.2 Bln to build a 1,100-km east-coast freight corridor connecting West Bengal's Kharagpur to Andhra Pradesh's Vijaywada. The freight corridor will link the mineral-rich areas of the east with industries in the south and will have a total carrying capacity of 200 million tonnes of freight per annum.
Read More



Relaxation of cabotage law helps increase transhipment from Indian ports


Financial Express. 11 August. 4 minute read.
India's recent relaxation of the cabotage law has helped boost transshipment from Indian ports and would help expand business opportunity for Indian entrepreneurs in the coastal and inland shipping sectors. In May this year, the shipping ministry took a policy decision to allow foreign-registered vessels to transport containers between Indian ports.
Read More



Eurasia is home to the world’s largest railway operators


Railway Technology. 13 August. 12 minute read.
Among the world’s biggest railway operators in terms of current size and revenue, the top-ranked railway operators such as Deutsche Bahn, SNCF, JSC Russian Railways and Indian Railways are based in Eurasia. Deutsche Bahn, the biggest of them all with a revenue size of USD 51.14bn, operates a 33,488km-long rail network across more than 130 countries and employs a workforce of 310,000.
Read More

Shipbuilding, Ship Repair & Recycling



Japan’s JICA to collaborate with Philippines’ Marina to develop shipbuilding and ship repair


Seatrade Maritime. 13 August. 4 minute read.
The Philippines' Maritime Industry Authority (Marina) will strengthen its collaboration with the Japan International Cooperation Agency (JICA) to support the growth of the country's shipbuilding and ship repair industry. JICA would continue to assist Marina in developing standard design for ships, help set up a financing facility for local shipbuilders, and provide support to Marina’s 10-year Maritime Industry Development Plan.
Read More



Greece’s Pireus Port witnesses significant growth in shipbuilding and ship repair activity in H1/2018


Ekathimerini. 10 August. 6 minute read.
Greece's largest seaport, Piraeus Port has posted a 21 percent increase in its shipbuilding and repairs activity in H1/2018 – the port serviced 207 ships serviced in that period compared with 171 vessels during the same period last year. The Piraeus Port Authority aims to develop the port of Piraeus into a shipbuilding hub in the Eastern Mediterranean region, serving more ships per year, offering increased reliability and high service delivery.
Read More



Norways’s Yara signed shipbuilding contract with Fincantieri subsidiary Vard for world’s Ist autonomous & electrically driven vessel



Marine Log. 15 August. 6 minute read.
Norway's fertilizer major Yara has signed a USD 30-Mln shipbuilding contract with Fincantieri subsidiary Vard for the construction of Yara Birkeland, the world's first autonomous, electrically-driven container vessel. The vessel, scheduled to be delivered in Q1 2020 will operate between Yara’s plant in Porsgrunn to ports in Brevik and Larvik.
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



JD.Com and Walmart to invest USD 500 Mln in Chinese Logistics Service



SCMP. 9 August. 7 minute read.
Chinese ecommerce giant JD.com and global retail leviathan Walmart have put USD 500 million more into the Chinese logistics services company Dada-JD Daojia to speed up the growth of latter’s delivery network. Dada-JD Daojia is a joint venture of two firms; while JD Daojia partners with retail stores to provide delivery services of groceries and other items, Dada runs a network of 5 million delivery persons across China.
Read More





India’s Inland Waterways Authority taking majority stake in waterways SPV in Kerala


Financial Express. 10 August. 3 minute read.
The Inland Waterways Authority of India (IWAI) will take the majority equity in a Kerala's waterways SPV, Kerala Waterways Infrastructures (KWIL), which has been formed to develop 610-km of waterways. KWIL's mandate is to develop a West Coast Canal (WCC) at an investment of USD 329 million. WCC runs from Kollam to Kottapuram and was declared a National Waterway in 1993.
Read More





Subsidiary of Netherlands based Energy Infrastructure Butano to invest USD 100 Mln to set up LPG terminal in Gujarat, India



Live Mint. 13 August. 8 minute read.

Energy Infrastructure (India) Ltd (EIL), a wholly-owned subsidiary of the Netherlands-based Energy Infrastructure Butano (Asia) BV, has been selected by India's Gujarat government to set up an LPG terminal project at Okha. EIL has proposed to set up an LPG Floating Storage & Off-loading (FSO), Single Point Mooring (SPM) and the pipeline infrastructure at an investment of about USD 100 million.
Read More


Free Zone & Logistics World





The Thailand Government is looking to revamp its SEZ strategy and improve access within ASEAN


Asia Nikkei. 15 August. 7 minute read.

The Thai government is rethinking its SEZ strategy which has not taken off so far owing to increased property costs and high import taxes from the European Union, among other factors. Instead, it plans to focus on developing border areas and boosting trade links with the neighbouring countries that have tariff-free access for their goods into the EU.
Read More





Incentives to India’s SEZs may need to be aligned with subsidy programs in WTO agreements



EPW. 18 August. 10 minute read.

India's SEZs may face newer challenges from the country’s major trading partners, particularly the US which contends that India is unfairly subsidising its exporters. Recently, the US approached the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) with the argument that many of India's export subsidy programmes flout WTO rules.
Read More





India’s Allcargo plans logistics and industrial parks


The Hindu Business Line. 14 August. 6 minute read.

India's integrated logistics solution provider Allcargo Logistics is in the process of setting up logistics and industrial parks at five locations to take advantage of the rejig of the country’s distribution networks brought about by the one-year-old GST regime. Allcargo aims to raise USD 143 million to finance the projects and will consider developing six more as the project gains traction.
Read More

Automation & Training





New technique developed to reduce steel warping and reduce cost of shipbuilding


Maritime Executive.  13 August. 4 minute read.

A new process developed through an initiative called 'The Joining-3 Project' will enable shipbuilders to save production costs and time while reducing distortion of building materials such as steel. The Joining-3 Project involved the reconfiguring of the welding sequence and demonstrated a 30 percent reduction in distortion and a 13 percent reduction in production costs.
Read More





Rolls Royce partners Associated British Ports (ABP) and Maersk’s Svitzer to develop port technologies


Ship Technology. 14 August. 5 minute read.

Rolls-Royce has signed an MoU with Associated British Ports (ABP) and Svitzer, a Maersk Group unit, to develop port and systems for improved, sustainable operations. As per the MoU, the two companies will jointly develop ship intelligence platforms as well as demonstrate remote and autonomous ferry operations.
Read More





Six emission reduction technologies being pursued by MOL


Port Technology. 8 August. 5 minute read.

The Japanese logistics company Mitsui O.S.K Lines (MOL) will invest in six new technologies to reduce emissions and improve efficiencies through green bonds, as part of its drive to comply with international environmental regulations. The latest rules of the worldwide regulation authority mandate that shipping companies must cap their sulphur emissions at 0.5 percent from 2020.
Read More


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