Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 30 January 2016

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Maritime Weekly 
Wisdom from Water World
30 January, 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

Our Global Maritime Trade section highlights a CFO Innovation article that takes a hard look at China’s “One Belt One Road” initiative three years after it was introduced by President Xi Jinping during his visits to Central and Southeast Asia.

Under the Maritime Infrastructure segment, we bring your attention to an important announcement by the Union Indian Transport Minister Nitin Gadkari where he has said mentioning that the Indian government would develop three major ports in the country this year -- at Colachel in Tamil Nadu, Sagar in West Bengal, and Dahanur, Wadhwad in Maharashtra.

In the Ports Connectivity section, we feature a Russia report that points out that how China and Russia, despite their respective economic woes, are pushing forward on the construction of two container terminals as part of the Primorye-2 project, a transport corridor linking the ports of Northern China with the EU region via Russia’s Far East seaports.

On the Shipbuiding front too, there is news of the oil giant Saudi Aramco signing an MOU to establish a shipbuilding and repair complex in the Saudi Arabia. In the word of Maritime finance and investment, Iran has raised concern about India's lax approach to joint-investment ports infrastructure project underway in Iran.

Our MW News-maker is Frank Coles, the new CEO of Transas, a maritime tech solutions provider, who has set out an interesting vision for the future of global maritime technology.

Finally, our Cruise World section brings to you exciting news from Sputnik that Russia may start building cruise ships for the first time in 60 years according to the Russian Ministry of Industry and Trade.

Have a brilliant week ahead.

- Sincerely,

The Maritime Weekly Editorial Board

 
 

GLOBAL MARITIME TRADE
ship.jpgChina’s One Belt One Road (OBOR) initiative- a quick review.
China’s “One Belt One Road” initiative was first introduced by President Xi Jinping during his visits to Central and Southeast Asia in September and October 2013. Read More >>


ship.jpgNew European and North African route to be commence from the Port of Liver pool by Dutch shipping firm.
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 >>

 

MARITIME INFRASTRUCTURE
ship.jpgUS- North West ports may get Panama Canal breathing room
A recent article in the Journal of Commerce brought out that the full effects of the wider Panama Canal won’t be experienced by the US West Coast ports this year. Consequently, the West Coast as a whole is likely to maintain market share for now, instead of seeing container ships bypass it for the Gulf and East coasts. Read More >>


ship.jpgDockworkers in the Netherlands Strike against Port Automation
At the Port of Rotterdam, Europe’s busiest container port, Dock workers recently went on strike over increasing automation and the need for job security. Employees fear that automation at the docks in the coming years will put hundreds out of work. Read More >>


ship.jpgIndia to initiate development of 3 new major ports this year.
As part of its plan to develop ports and boost maritime trade, the government of India would develop three major ports in the country this year, said the Indian Minister Nitin Gadkari Read More >>


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PORTS CONNECTIVITY
ship.jpgMulti-modal hub to connect India and Bangladesh, will be set up at Sahibganj, says Nitin Gadkari
The Indian minister of shipping, ports and highways, Mr Nitin Gadkari said a multi-modal hub would be set up in Sahibganj, the only district of the state of Jharkhand where the Ganga flows. Read More >>


ship.jpgIndian Government grants Infrastructure status to its shipbuilding industry
The Indian government has granted infrastructure status to the shipbuilding industry, a move aimed at promoting its 'Make in India' initiative. Read More >>


ship.jpgIndian Railways to build 500 private freight terminals (PFTs) in 3 years
Indian Railways is aiming to build 500 private freight terminals (PFT) in next three years under public private partnership (PPP) model, Union Minister of State for Railways Manoj Sinha said in New Delhi Read More >>

SHIPBUILDING
ship.jpgChinese Shipbuilding industry seeks support for financing as yard utilisation drops below 70%
China Association of National Shipbuilding Industry (CANSI) held a conference recently to discuss the current situation of the domestic shipbuilding industry.China completed shipbuilding volumes of 41.84dwt in 2015, up 7.1% year-on-year, however new order volume sharply declined by 47.9% to 31.26m dwt. Read More >>


ship.jpgManagement revamp needed at Vietnam’s southern ports: official
The Indian government has granted infrastructure status to the shipbuilding industry, a move aimed at promoting its 'Make in India' initiative. Read More >>



MARITIME CAPITAL
ship.jpgChina Merchants Holdings International’s Baa1 rating unaffected by Dalian Port investment- Moody’s
China Merchants Holdings International Company Limited’s (CMHI, Baa1 stable) announced investment in 21.05% of the shares of Dalian Port (PDA) Company Limited (unrated) will have no immediate impact on CMHI’s Baa1 issuer rating and its stable rating outlook according toMoody’s Investors Service. Read More >>


ship.jpgIran cautions India against Delaying Investment in Chabahar Port
Iran has cautioned that India will lose out on the country’s economic projects, including Chabahar port, if it further postpones the payment of its investment share, a report said.Read More >>

PEOPLE+TECH
ship.jpgNew CEO of Transas sets out his vision to "shake up the market"
Frank Coles, the new CEO of Transas, has set out his vision for the future of global maritime technology for the first time since his appointment in late 2015. Read More >>


ship.jpgEC Funding aims to help reduce greenhouse gas emissions from shipping
An ambitious project to establish a global network of Maritime Technology Cooperation Centers (MTCC) in developing countries is going ahead thanks to an $11 million funding contribution from theEuropean Commission (EC).Read More >>


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CRUISE WORLD
ship.jpgRussia could start building cruise ships for the first time in 60 years, according to the Ministry of Industry and Trade.
MOSCOW (Sputnik) – The PV300VD project cruise liners could be initiated in the current year and would operate on the St. Petersburg–Moscow and Rostov-on-Don-Moscow lines with access to the Crimean ports, the ministry’s press service told Russia's Vedomosti newspaper, adding that Moscow was considering building up to three ships of the kind. Read More >>


ship.jpgAmerican cruise lines pursue growth in China's waters
Royal Caribbean's Quantum of the Seas swapped out the Johnny Rockets retro burger joint for a noodle restaurant and replaced the duty-free shop with a luxury leather boutique,within a year of its commissioning.Read More >>


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