Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 5 February 2016

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Maritime Weekly 
Insights for Senior Maritime Executives
5 February, 2016


Greetings from Maritime Weekly (MW). MW is a weekly newsletter published by Maritime World Services, an India-based research, publishing, 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

This week we have had some happy tidings in the maritime industry – rising trade volumes, new vistas, renovations and more. Consider the US seaports that have reported a rise in cargo volumes of 3 percent. Or the news that China has launched a new sea route to the Middle East, specifically Iran. Or the report that the British Railway system is doing well for itself despite privatization – perhaps there is a lesson in here for the Indian Railways, but, as the old saying goes, who will bell the cat? Word has it that the Indian Finance Minister, Arun Jaitley may announce 4 major ports in the upcoming annual Budget. Finally, the world of luxury cruise is abuzz with exciting news for Indian tourists that a cricket and Bollywood-themed cruise will set sail from Mumbai to Singapore in 2017.  

Have a brilliant week ahead.

The Maritime Weekly Editorial Board


 

GLOBAL MARITIME TRADE
ship.jpgU.S. Seaports: Cargo Volumes Up 3.1%

Maritime Professional . 29 Jan . 3 Minute Read
Seaports are seeing a steady rise in waterborne cargo volumes according to new numbers from U.S. Army Corps of Engineer’s report. Overall, 2014 freight tonnages increased 3.1 percent over 2013. Read More >>


ship.jpgIran, France sign shipping agreement

MNA . 01 Feb . 1 Minute Read
A Dutch shipping company is to begin a new cargo service out of the Port of Liverpool offering connections to the Iberian peninsula, north Africa and the Canaries. Read More>>


ship.jpgChina launches new shipping route to Iran

Xinhua . 01 Feb . 2 Minute Read
A new shipping route linking Qinzhou Port in the Beibu Gulf, south China's Guangxi Zhuang Autonomous Region, and Iran has been launched to open greater horizons for further trade and economic cooperation. Read More>>

 

MARITIME INFRASTRUCTURE
ship.jpgPelindo III to renovate 7 ports in eastern Indonesia

Jakarta Post . 01 Feb . 3 Minute Read
State-owned port operator Pelindo III has allocated at least $72.4 million to revamp seven seaports in the country’s eastern region, according to Pelindo III president director Djarwo Surjanto. Read More >>


ship.jpgNew York City Area Ports to Reopen

Transport Topics . 31 Jan . 3 Minute Read
The Port Authority of New York and New Jersey said the region’s facilities will reopen Feb. 1 after more than 1,000 longshoremen walked off the job on 29 Jan in a labor dispute where Members of the Interworldal Longshoremen’s Association, which represents port workers, had halted work. Read More>>


ship.jpgIndian FM likely to announce 4 major ports in Budget

Business Standard . 01 Feb 1, 4 Minute Read>
Finance Minister Arun Jaitley is likely to propose four new major ports to be constructed, in the Budget for 2016-17 at Dahanu (Maharashtra), Colachel (Tamil Nadu), Sagar (West Bengal) and Dugarajapatnam (Andhra Pradesh) Business Standard sources have said. Read More >>


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PORTS CONNECTIVITY
ship.jpgBritain's railways doing well despite privatisation

The Independent . 31 Jan . 10 Minute Read
Twenty years after the first privatised train service ran from Fishguard to Cardiff, The Independent, UK reports that privatisation has worked well despite challenges. However, the unions are still vehemently opposed to privatisation, widely characterised as “the great train robbery”. Read More>>


ship.jpgIndia's Transport Minister says ports’ profits are rising

ET . 01 Feb . 7 Minute Read
Mr Gadkari says to ET this is the first time in the history of India that all the shipping corporations will be in profit. "We are already targeting Rs 6,000 crore as profit this year. It could be even more," he added. Read More >>

SHIPBUILDING
ship.jpgMitsui Engineering and Shipbuilding moves into FPSO chartering

Splash 24/7 . 01 Feb . 1 Minute Read
Japanese yard Mitsui Engineering and Shipbuilding (MES) has formed an FPSO chartering division. The yard acquired shares of Cernambi Norte MV26, an FPSO chartering business company that operates in the Iracema Norte field of the pre-salt layer off the coast of Brazil, from affiliate MODEC. Read More>>


ship.jpgChina Shipbuilding signs finance agreement with state bank

Janes . 27 Jan . 4 Minute Read
The China Shipbuilding Industry Corporation (CSIC) and the Export-Import Bank of China have agreed to strengthen collaboration with a view to expanding the state-owned shipbuilder's presence in domestic and interworldal markets. Read More >>


ship.jpgSaudi Aramco Signs MoU for New Shipbuilding Complex

Asharq Al-Aswat . 26 Jan . 1 Minute Read
As a part of Saudi Arabia’s efforts to diversify its economy beyond oil, worldal oil giant Saudi Aramco has signed a memorandum of understanding to found a shipbuilding and repair complex in the kingdom, the company said on Tuesday. Read More>>



Maritime Nation India , September 20-22, 2016 has already received the wholehearted support from Indian Private Ports and Terminals Association, 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.jpgNingbo Port acquires 85% in Zhoushan Port

Maritime News . 27 Jan . 3 Minute Read
Ningbo Port acquired 85% equity of Zhoushan Port for $457 million, as part of the merger deal between the two ports. The process of merger started in September 2015 after Zhoushan shelved its IPO plan in 2015 in working towards the merger. Read More>>


ship.jpgMercator: A Turnaround Candidate

Business Standard . 25 Jan . 6 Minute Read
An equity market analyst smells an imminent turnaround in loss-making Mumbai-based Mercator. The trigger? The company intends to divest its dry bulk vessels which will probably make a one-time $30-million investment write-off, plug the cash drain and turn around the company, says the analyst. Read More>>

PEOPLE+TECH
ship.jpgMaritime Training: Closer to Home

Marine Link . 29 Jan . 20 Minute Read
On the U.S. Gulf Coast, two well-regarded maritime education providers are expanding to meet growing local demand, while satisfying local employers with quality graduates. As the ports of Houston and New Orleans deepen their channels and grow their facilities, homegrown talent is emerging in both cities. Read More>>


ship.jpgBig Data & Maritime: The Downside

Maritime Professional . 28 Jan . 5 Minute Read
The North P&I Club has warned its members that despite the enormous benefits of digital technology on and around ships, there may also be some downsides like cyber threats and other less obvious risks. Read More>>


ship.jpgNew Indonesian policy package addresses some shipping issues

Seatrade Maritime News . 29 Jan . 3 Minute Read
Indonesia's latest policy package will see plans to integrate billing for port services that are operated state-owned enterprises into a single billing system, local reports said. Read More>>


CRUISE WORLD
ship.jpgCruise lines catch the wave by adding value

Miami Herald . 30 Jan . 5 minute Read
Why is Wave season so busy? The reporter looks at America's (also the world's) busiest cruise ports to find the reasons. Read More >>


ship.jpgCricket, Bollywood-themed cruise from Mumbai in 2017

ET . 28 Jan . 5 Minute Read
India will become part of a major interworldal cruise in just about a year when a cruise themed on cricket and entertainment, with several cricket and Bollywood stars, including Sachin Tendulkar on board, sets sail for Mumbai from Singapore. Read More>>


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