Greetings from Maritime Weekly, a newsletter published by Apex Group for Maritime World Services, a business advisory, 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. Over 5000 senior executives and officials from the global maritime and logistics ecosystem benefit from the insights shared by Maritime Weekly.
What is topical this week
Trade Lanes- Global Trade surplus of Germany has reached USD 270 Bln in 2016. Middle East and North Africa (MENA) are emerging as Logistics Hubs. Indian business leaders discussed trade reforms and e-commerce with WTO Chief.
Maritime Infrastructure- Expansion positions Savannah as a gateway port for trade on US South East. Expanded port of Dar es Salaam has the potential to turn Tanzania into an East African Hub. Japan-India cooperation on maritime infrastructure and defence trade is expected to grow.
Multimodal Connectivity-China-Pakistan Economic Corridor (CPEC) is expected to increase maritime and economic activities in the Indian Ocean. India is providing 240 kms of rail connectivity to Port Blair. India-Coastal Trade has the potential to save the economy USD 28 Bln in infrastructure spend.
Shipbuilding- South Africa is set to strengthen bilateral trade in shipbuilding with France. Daewoo Shipbuilding (DSME) has won USD 1.6 Bln order from Texas based Excelarate Energy for 7 FSRUs. Thailand’s Unithai shipyard has expanded its capabilities into the ship-repair segment.
Maritime Nation India 2017-This week we are happy to welcome Maritime Matrix and The Marex Bulletin as our media partner. Maritime Weekly interacted with Ted Muttiah, CCO, South Asia Gateway Terminals, Port of Colombo, Sri Lanka on future sea trade between the two nations.
Maritime Capital- International investment in Africa’s ports is setting the stage for economic growth. High cost of infrastructure investments and low returns could delay use of LNG for bunkering in the US. Port of Oakland is investing USD 600 Mln to attract more cargo and move it faster.
People and Technology - Maritime and Port Authority of Singapore is collaborating with DNV GL on green technologies. Application of big data has a significant potential in connecting multiple stakeholders in the maritime ecosystem. A new global port agency has been launched by UAE and Singapore regional port agencies.
Leisure and Cruise-ASEAN expects significant growth in cruise tourism from India. Bangladesh is entering the regional cruise circuit with a luxury cruise call. Indians are increasingly taking cruise vacations.
Have a great week ahead.
The Maritime Weekly Editorial Board.
Global Maritime Trade
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Global Trade surplus of Germany reaches USD 270 Bln in 2016
Global Trade surplus of Germany reaches USD 270 Bln in 2016
Germany’s trade surplus has increased to a record high of USD 270 billion in 2016. While this can be attributed to Germany’s export prowess and reluctance to invest at home, the same has also come under some criticism as exploitation of American and European markets with the undervalued euro.
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Middle East and North Africa (MENA) emerging as a Logistics Hub
Arab News, 5 February, 3 minute read
Government initiatives towards economic diversification, coupled with world-class infrastructure and deep trade relations with Asia and Europe have transformed the Middle East and North African (MENA) countries into global trade and logistical hubs. The 34 free trade zones, non-existent corporate tax have made UAE an appealing business environment in the global logistics market that is expected to generate USD 15.5 trillion in revenues by 2024.
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Indian business leaders discuss trade reforms and e-commerce with WTO Chief.
Money Control, 10 February, 3 minutes read
Representatives of the industry recently met with WTO chief, Roberto Azevedo, to discuss various issues related to global trade and e-commerce. Over 50 representatives from online retail and technology firms met Mr Azevedo, however more clarity is required among members regarding the future path of e- commerce; also India is reluctant to agree on a global deal for e-commerce
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Maritime Infrastructure
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Expansion positions Savannah as a gateway port for trade on US South East
American Journal of Transportation, 6 February, 5 minutes read
The sale of 500 acres of property by Georgia Ports Authority (GPA) will help establish Savannah as a gateway port for the US Southeast and beyond. The port land can accommodate up to 5 million square feet of logistic space. The sale and on-terminal developments are being done by GPA to stay ahead of increasing demands.
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Expanded port of Dar es Salaam has the potential to turn Tanzania into an East African Hub
The Exchange, 8 February, 3 minutes read
A framework deal was signed between Tanzania and China Merchants Holdings Co to build roads, railways, and expansion of Dar es Salaam port to accommodate more cargo volume. Port developments coupled with measures taken by President Magufuli to remove bureaucratic hurdles, for import, have staged Tanzania to become Dubai of East Africa. The plan is to fast track Tanzania as a satellite city to attract international investments from the business sector as well as banks.
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Japan-India cooperation on maritime infrastructure and defence trade expected to grow
Defence Aviation Post, 13 February, 4 minutes read
Tokyo is seeking to expand defence trade with India with a bid to export the US-2i amphibious aircraft to India and undertake construction of maritime infrastructure. The Indian Navy and the Japanese Self Defence Maritime Force are building deeper ties. A joint statement released by the governments also categorically mentioned expanding cooperation to resolve the South China Sea disputes.
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Port Connectivity
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India- providing new 240 kms rail connectivity to Port Blair
The Economic Times, 06 February, 2 minutes read
The Railway Ministry of India has approved a 240 km broad gauge railway line connecting Port Blair in Lakshadweep with Diglipur on the Andaman and Nicobar islands. The project would be taken up due to its unique and strategic importance.
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Shipbuilding
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South Africa to strengthen bilateral trade in shipbuilding with France
Hellenic Shipping News, 14 February, 3 minutes read
France and South Africa have collaborated to work together in composite manufacturing. South Africa is new to ship building and France is the leader in segment. This development was made after a meeting between the government representatives of both nations and is expected to boost economic growth in Africa.
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Thailand’s Unithai shipyard expands its capabilities into the ship-repair segment
Hellenic Shipbuilding News, 10 February, 3 minutes read
Thailand’s premier shipyard, Unithai Shipyard and Engineering Limited is expanding its operations to ship repair due to customer demand. A floating dock with a lifting capacity of 48,000 tonnes, largest in Thailand, arrived in Laem Chabang deep-sea port, thus expanding the range of services Unithai offers.
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Maritime Nation India news
The Maritime Nation India initiative is presented by Maritime Weekly, a member of Apex Group. It is a think tank in the making and provides business advisory, executive search services, and conducts business events for the maritime and logistics ecosystem. The 2nd edition of Maritime Nation India is being held from the 14th to 16th September 2017. This 3-day international exhibition and conference provides a global platform for exhibitors and participants to explore business opportunities in the Indian Maritime Sector and is already receiving enquiries for participation from our readers.
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This week we are happy to welcome Maritime Matrix and Marex Bulletin as our media partners. Maritime Matrix is a sea-transportation monthly that encompasses shipping and allied industries. It was established in 2012 and has a widespread presence at national and international events. The Marex Bulletin is a bi-weekly journal catering to news related employment and training in the marine industry and the shipping industry.
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Stay tuned to our newsletter to remain updated on key developments and events that Maritime Weekly supports.
Thought Leadership
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Maritime Weekly recently had the opportunity to interact with, Ted Muttiah, Chief Commercial Officer, South Asia Gateway Terminals (Pvt) Ltd, Port of Colombo, Sri Lanka. He shared his views with Maritime Weekly on the bilateral sea trade between India and Sri Lanka. Excerpts:
The Indo-Sri Lanka Free Trade Agreement (ISFTA), which promotes free trade between both countries and strengthens intra-regional economic cooperation and development of national economies, is expected to look at trading of professional services in the coming days. The new Sri Lankan government is taking steps to balance trading relationship between China, India, and other ASEAN nations following China’s rising participation in the Sri Lanka port sector and to promote the world trade. There are various opportunities for Indian companies in Sri Lanka’s coal chain and development of Colombo and Hambantota ports.
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Maritime Capital
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International investment in Africa’s ports is setting the stage for economic growth
Global Construction Review, 7 February, 8 minutes read
Over the next five years the African continent is planned to be equipped with deepwater container terminals and modern transport networks owing to massive international investments, significantly from China. Africa is also set to have a tax-free special economic zone to promote foreign trade and facilitate an infrastructure led growth in the region.
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