Business Insights Curated From The Maritime & Logistics Ecosystem – Maritime Weekly -Week #8

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Maritime Weekly
Business insights for maritime and logistics executives.

23 February 2018

Greetings from Maritime 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 18,000 senior executives and officials from the global maritime and logistics ecosystem benefit from the insights shared by Maritime Weekly. Key news items for each industry sector, are available at our website www.maritime-weekly.com

Reach out to over 18,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

           
           

What is topical this week

Trade Lanes - Canada is working on free trade talks with a South American Block; China’s COSCO is the top container carrier of US imports; Taiwan’s Yang Ming would acquire 20 Container Ships;

Maritime Infrastructure - India and Iran signed a lease agreement to boost Chabahar Port operations; Hutchison Ports Sohar increased vessel operations rate significantly; Canada’s Port of Montreal concluded a cooperation agreement with India’s Mundra port

Multimodal Connectivity - China’s Belt & Road initiative reached an European port; India is exploring allowing foreign shipping lines in coastal waters; 11 Rrivers have been chosen in India’s Karnataka State for the development of Inland Waterways

Shipbuilding and Ship Repair - US Navy’s 30 year shipbuilding plan is expected to boost the industry; Fincantieri outlined its shipbuilding plan for Australian defence forces; Maersk is looking at India’s Alang ship recycling yard, as an alternate to Chinese, Turkish yards

Maritime Capital - DP World is looking to invest USD 2Bln in a Russian Port; APM Terminals is investing USD 100 Mln in Georgia’s Poti Terminal; World Bank and India have signed an USD 375 Mln deal to develop the First waterway in India

People and Technology - DNV GL is looking to use block chain for all maritime certificates; China is looking to test drone ships in the South China Sea; Yilport Holdings’ 3 Swedish terminals would go for full maintenance outsourcing with Kalmar

Leisure and Cruise - Mumbai cruise tourism is expected to get a boost; River cruises continue to develop on American and Canadian inland waterways; Cruise ship Norwegian Encore would Home Port at Miami

Have a great week ahead.
The Maritime Weekly Editorial Board.


Global Maritime Trade

Canada looking to free trade talks with South American Block

CBC News, 15 February, 5 minutes read

Canada is expected to sign the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), formerly known as the TPP, which would follow free trade talks with the Mercosur bloc nations. Mercosur trade block, the largest trade bloc after NAFTA, was formed by Argentina, Brazil, Paraguay and Uruguay.
-Read More Read More

China’s COSCO is the top container carrier of US imports

Shipping Watch, 16 February, 2 minutes read

Cosco is the number one on US import volumes. After two major acquisitions recently, Cosco has become the most rapidly expanding carrier on container routes to and from the US.
Read More

Taiwan’s Yang Ming to acquire 20 Container Ships
World Maritime News, 13 February, 2 minutes read

Taiwanese shipping company Yang Ming Marine Transport would undertake the fleet renewal plan and order ten 2,800 TEU and charter ten 11,000 TEU containerships. The new ships would replace the old or hired vessels in 2 to 3 years. Read More

Maritime Infrastructure

India and Iran sign lease agreement to boost Chabahar Port operations

NDTV News, 17 February, 3 minutes read

Chabahar port provides a transit route between India, Iran and Afghanistan bypassing Pakistan. India and Iran signed a lease for the Shahid Beheshti Port at Chabahar, which is 90 km away from the China-sponsored Gwadar Port in Pakistan. Read More

Hutchison Ports Sohar increases vessel operations rate by 70%

Times of Oman, 27 January, 3 minutes read
Hutchison Ports Sohar had invested to build a world-class terminal facility to handle transhipment and overland cargo. Hutchison Ports Sohar increased its average vessel operation rate (VOR) by 70% with its Terminal C, reaching the highest, 169 moves per hour. VOR refers to the number of container moves per hour, that are carried out by those cranes deployed on a vessel..
Read More

Canada’s Port of Montreal concludes cooperation agreement with India’s Mundra port

Port Technology, 13 February, 3 minutes read
The agreement would facilitate collaboration between the 2 ports in marketing, business development and allow them to share information on marine operations. Mundra Port is India's largest commercial port with about 3 million TEUs annual container traffic. Read More



Reach out to over 18,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

Port Connectivity

China’s Belt & Road initiative reaches an European port
The Trumpet, 14 February, 3 minutes read

China’s COSCO Shipping signed a deal with Brussel’s Port Zeebrugge to design, develop, finance, construct, own, operate and maintain the port. The acquisition is part of Chinese expansion program in Europe and adds significant importance to the One Belt, One Road initiative. Read More

India exploring allowing foreign shipping lines in coastal waters
News18, 14 February, 2 minutes read

The government is considering to permit foreign vessels to operate in Indian coastal waters to reduce logistics cost and enhance port efficiency. It is difficult for foreign vessels to handle cargo between 2 domestic ports under the current rules. Read More

11 rivers chosen in India’s Karnataka State for development of Inland Waterways
The New Indian Express, 29 January, 2 minutes read

A total 3,000 km along 11 rivers of the state have been identified for development. This is a part of the planned 106 new national waterways for inland waterway transport. This will help connect interior parts and neighbouring states to transport cargo and passengers and is expected to boost economic development. The state and Union governments would jointly take up the work.
Read More


Shipbuilding and Ship Repair

US Navy 30 year shipbuilding plan to boost industry

USNI News, 12 February, 3 minutes read
The FY 2019 US Navy-30 year shipbuilding plan’ is referred as the Navy the Nation Needs (NNN). The six pillars of the NNN calls for balanced and phased investments. The shipbuilding plan defines to attain the 355 NNN war fighting ships. Navy would pursue to grow the force under 3 priorities of the shipbuilding plan. Read More

Fincantieri outlines shipbuilding plan for Australian defence forces
Defence Connect, 13 February, 2 minutes read

Fincantieri's plan, presented to the Australian government, has three programs to establish and sustain a sovereign shipbuilding industry. The first two programs are on design capabilities and to build up a workforce. The third is the technology transfer to create an autonomous shipbuilding industry. Read More

Maersk looking at Alang ship recycling as an alternate to Chinese, Turkish yards
Shipping Watch, 16 February, 5 minutes read
Maersk’ report details that many of the problems have been solved at the 3 yards where 6 vessels were scrapped. The improvements at Alang yards now represent a real alternative to China and Turkey yards. The group, however, acknowledged the uncertainty in the environment and access to medical aid. Read More


Maritime Capital

DP World looking to invest USD 2Bln in a Russian Port

Hellenic Shipping News, 6 February, 2 minutes read
DP World Russia, set up to target marine, dry ports, and logistics structure across Russia and is looking to invest 2 billion USD to upgrade Russian port facilities. DP World is seeking a share in the Russian Direct Investment Fund (RDIF). As per the company’s statement, deal has not yet been finalised.Read More

APM Terminals investing USD 100 Mln in Poti Terminal

Freight Eurasia, 18 February, 2 minutes read

APM Terminals signed a MoU to invest 100 million USD in a new bulk cargo terminal at Poti, Georgia. The agreement covers construction, operation and infrastructure development. The new terminal is scheduled to be operational in 2019. Read More

World Bank and India sign USD 375 Mln deal to develop First waterway in India
Business Standard, 3 February, 4 minutes read

The loan agreement was signed to develop India’s first modern inland waterway on the river Ganga, between Varanasi and Haldia seaport. The 1,360 km waterway is expected to create thousands of jobs in logistics and transportation. The project would be completed by March 2023 for an environment-friendly and cost-effective transport. Read More

People & Technology

DNV GL looking to use block chain for all maritime certificates
SeaTrade Naritime News, 13 February, 2 minutes read

Classification society, DNV GL is transferring electronic maritime certificates to block chain. The changes would only be possible with the agreement of all parties who signed up to the particular block chain. It would be 100% transparent. DNV GL is already using block chain for ISO certificate storage. Read More

China is looking to test drone ships in South China Sea
Business Insider, 12 February, 3 minutes read

China’s Wuhan University developed unmanned ship technology and tested in Pearl River Delta. Now, China has begun building test field in the South China Sea. The ships would use 225 square nautical miles to test autonomous steering and obstacle avoidance. -Read More Read More

Yilport Holdings’ 3 Swedish terminals go for full maintenance outsourcing with Kalmar

Container Management, 19 February, 2 minutes read


Kalmar secured a contract for maintenance of Yilport’s three Swedish cargo terminals. The agreement covers terminal equipments, container cranes and reach-stackers with an offer of 24/7 on-call coverage. It is expected to reduce operational downtime and increase efficiency at the terminals. Read More

Leisure & Cruise

Mumbai cruise tourism expected to get a boost


Hindustan Times, 16 February, 2 minutes read

There are five major cruise tourism companies in the world. Two of them, Royal Carribean and Norwegian cruises have shown interest in Mumbai home-porting, while a third Costa Cruises has already home ported Mumbai. A vessel’s home-port is the port where it is based. With more companies interested to set sail from Mumbai, citizens are expected to enjoy cruising and benefit better pricing. Read More

River cruises continue to develop on American and Canadian inland waterways

The Marine Executive, 31 January, 4 minutes read
Several companies in U.S. and Canada offer multi-day cruises along North America’s navigable inland water network. The vessels sail along the Mississippi and Ohio Rivers with multi-day river cruises between the Atlantic Ocean and Great Lakes.
Read More

Cruise ship Norwegian Encore to Home Port at Miami


Orlando Sentinel, 9 February, 2 minutes read
Norwegian Cruise Line’s newest cruise ship, Norwegian Encore will have Miami as its home port. The ship under construction at Meyer Werft shipyard would be delivered in October 2019 and begin sailing from Miami in November 2019. Read More


Reach out to over 18,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

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