Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 19 February 2016

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Maritime Weekly 
Insights for Senior Maritime Executives
19 Feb 2016

Greetings from Maritime Weekly (MW). MW is a weekly 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's Topical This Week

In pursuance of growth in trade, countries are taking different approaches; in an attempt to rejuvenate the ancient silk route, a cargo train arrived in Iran from China; Russia is working to reduce the impact of trade sanctions and lower commodity prices and India is reaching out to an Asian trade grouping.

The largest ports of North America and the major ports of India have reported growth in traffic in January and all ports would need to cater to the IMO requirements for weighing of containers.Improving logistics connectivity by investing in technology would be a win-win for India and Sweden, while Bangladesh and Thailand would benefit from direct coastal shipping.

Speaking of Bangladesh, while their shipbuilding industry is pursuing the small crafts building market leveraging its low cost base, a part of the Chinese shipbuilding industry is under stress because of lower orders for large vessels.

The Indian shipping ministry plans to offer a large number of projects for investment to global investors and, DP World is already planning significant incremental investment in India.It is heartening to note that investments are being made in equipment upgrade by the ports of Abu Dhabi and in security systems upgrade, by the ports in South Africa.

In the leisure section, we bring you news about the Cruise Critic Cruisers' Choice of the best cruise ships in 2016 and a potential new lighthouse tourism destination near Mumbai.

Have a great week ahead.


The Maritime Weekly Editorial Board

 

Global Maritime Trade
ship.jpgReviving China’s silk road reviving

The Guardian. 15 Feb. 3 Minute Read
A long-distance cargo train has travelled from China to Iran as part of an attempted revival of the ancient Silk Road, a trans-Asian trade route connecting the east to Europe and the Mediterranean Sea. Read More >>


ship.jpgTrade in Russia impacted by commodity crisis and sanctions

Financial Times., 14 Feb. 8 Minute Read
Russia’s trade with East European countries fell by almost a third in 2015, due to sanctions over Crimea and the economic impact of plummeting commodity prices. Read More>>


ship.jpgWith TPP advancing, India focuses on RCEP backed by China

IBN Live ,14 Feb . 9 Minute Read
The Joint Task Force on coastal shipping cooperation would meet to would identify the Indian and Bangladeshi ports and the sea routes which are to be open for coastal shipping in ferrying goods and passenger services . Read More>>

                  
 

Maritime Infrastructure
ship.jpgPort of Los Angeles and Port of Long Beach had strong volumes in January 2016

Cargomatic. 15Feb .7 Minute Read
Port of Los Angeles (POLA) and the Port of Long Beach (POLB)-the two largest North American ports, collectively account for more than 40 percent of U.S. imports-had a strong kick off 2016, according to data respectively issued by the ports last week. Read More >>


ship.jpgUS Ports Struggle with IMO Weight Regulations

JOC , Port Technology .12 Feb. 4 Minute Read
Requirements to verify weights of shipping containers are generating uncertainty at US ports. Most ports do not have designated facilities for weighing containers nor the systems for the verification of container weights. According to Fitch Ratings, this could result in an increase in congestion. Read More>>


ship.jpgIndia: Improved volume performance at 12 major ports

Business Standard. 15 Feb. 7 Minute Read
India's major ports registered an overall improvement in traffic parameters during the April-December 2015 period compared to the first nine months of FY15Read More >>


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Port Connectivity
ship.jpgIndia and Sweden sign MoUs for railways

Economic Times. 16 Feb. 3 Minute Read
The main objective of the MoU, signed by Sweden's ministry of enterprise and innovation, is cooperation between the two countries to promote efficiency and sustainability and achieve concrete results with regard to bilateral trade, investment, research and technology transfer Read More>>


ship.jpgBangladesh, Thailand plan to launch Chittagong-Ranong direct coastal shipping

BD News . 08 Feb . 2 Minute Read
Bangladesh and Thailand are working on modalities to start direct coastal shipping, connecting the Chittagong Port in the Bay of Bengal with the Ranong Port in the East of the Andaman coast in south-western Thailand.. Read More >>

          

Ship Building
ship.jpgBangladesh shipbuilders eye a good spot in the USD 500 Billion small shipbuilding market

The Daily Star 10Feb .4 Minute Read
Within the last eight years Bangladesh is emerging as one of the top small scale ship building nation. The shipbuilding industry is fetching much needed foreign currency while also generating employment opportunities within the country.. Read More>>


ship.jpgChina's shipbuilders strive to navigate economic challenges

Maritime News. 27 Jan . 4 Minute Read
China's shipbuilding industry is experiencing severe economic stress this winter as neworders are slashed . Low demand has already impacted China's shipbuilding industry, with orders for newships falling 47.9 percent year on year to about 30 million dead weight tons (DWT) in 2015,according to the China Association of the National Shipbuilding Industry Read More >>


                            
Maritime Nation India , September 20-22, 2016 has already received the wholehearted support from Jawaharlal Nehru Port Trust ( JNPT) and the Indian Private Ports and Terminals Association( IPPTA), and we are looking at many more endorsements in the coming weeks. We will keep the readers updated on key events that Maritime Weekly supports.


                            

Maritime Capital
ship.jpg DP World is looking to invest USD 1 billion in Indian ports

Live Mint. 16 Feb . 9 Minute Read
The world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations. Read More>>


ship.jpgIndia’s Shipping ministry to offer over 200 investment projects

Business Standard 15 Feb .6 Minute Read
From ports- and ship-led development to projects pertaining to connectivity and logistics, the Ministry of Shipping will showcase all its investable opportunities to domestic and global investors in the first-ever Maritime India Summit (MIS) to be held in Mumbai from April 14-16, 2016 Read More>>

                       

People & Tech
ship.jpgAbu Dhabi Ports- upgrading equipment

East African Business Week , Port Technology. 15Feb .3 Minute Read
Khalifa Port and Zayed Port of Abu Dhabi have procured a range of new equipment to better handle the increase in general cargo and roll-on-roll-off (RoRo) volumes at its port.The new equipment is expected to enhance the productivity and safety of port operations and reduce vessel turnaround times Read More>>


ship.jpgSouth Africa’s TNPA rolls out upgraded security system across ports

Bizcommunity. 15 Feb . 4 Minute Read
Transnet National Ports Authority (TNPA) has introduced a state-of-the-art port security system valued at R843 million, that includes an upgraded security system across eight South African commercial ports and the head office in Johannesburg. CCTV is but one aspect of the broader integrated technological security system which encompasses technology, skills, systems and procedures.” Read More>>


                           

Cruise World
ship.jpgThe Best Cruise Ships for 2016

Huffington Post 12 Feb 7 minute Read
The 2016 Cruise Critic Cruisers' Choice Awards have been announced, naming the best cruise ships of the year, based entirely on member reviews posted to the Cruise Critic website. Disney Cruise Line's Disney Dream was named Best Overall in the Large Ship category the fourth year in a row. Read More >>


ship.jpgMumbai Port to build passenger jetty at Kanhoji Angre Island

Business Standard 29 Jan 4 Minute Read
To promote light house tourism at Kanhoji Angre Island, the Indian government is building a passenger jetty there to facilitate visitors Read More>>

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