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Dear {{Name}}
Greetings from Maritime & Logistics 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 maritime and logistics ecosystem, once a week to support you in making informed decisions in the week ahead.
Over 12000 senior executives and officials from the global maritime and logistics ecosystem benefit from the insights shared by Maritime & Logistics Weekly. Key news items for each industry sector, are available at our website www.maritime-weekly.com
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Reach out to over 12000 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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What is topical this week
Global Trade & Logistics – Demand in several sectors is showing signs of recovery. The Dry-bulk shipping industry is recovering with a modest growth in demand. The demand for LCL shipping is increasing due to the changing nature of trade. However, impending trade sanctions on Iran & Russia could impact growth in container shipping.
Maritime & Logistics Infrastructure – Infrastructure development appears to be picking up in various regions. India and Indonesia have announced plans to develop ports in the Indian Ocean. Oman’s Sohar Port will develop a mineral terminal to support economic growth. Abu Dhabi Ports will develop a new Ro-Ro terminal at the Khalifa port.
Multi-modal Connectivity – India saw heightened activity in the area of multimodal transport. While India’s leading container rail operator CONCOR announced new bids that marked its foray into coastal shipping, the Indian govt announced a new 590 kms waterway connecting Gujarat and Rajasthan. Meanwhile in Northern Europe, the Baltic States agreed to launch a jointly-managed intermodal rail service.
Shipbuilding, Ship Repair & Recycling – While Japan expressed concerns over the continued state support for the Chinese and Korean shipbuilding industries, the International Ship Recycling Association (ISRA) urged China to reconsider its ban on recycling foreign vessels. On the front of newer initiatives, Oman Dry Dock is likely to announce its plans to enter the shipbuilding market.
Maritime & Logistics Conversations
Maritime & Logistics Weekly participated in the 1st Indo-Dutch Forum on Smart & Sustainable Port-led Development, organised by the Consulate General of Netherlands and CII. Topics discussed included the digitization of ports, dredging, inland waterway development and logistics among others.
Readers interested in exploring opportunities for collaboration and marketing exposure are invited to connect connect@maritime-world.com
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Reach out to over 12000 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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Maritime & Logistics Investments – Malaysia’s USD 14 Bln China-led rail project has escaped the fate of many other infrastructure projects awarded under the previous regime. An expert from World Bank posited that India needs to prioritise investment in connectivity over ports. Meanwhile, state-owned New India Assurance launched an insurance cover for coastal and inland vessels.
Free Zone & Logistics World – Chinese businesses will invest USD 10 Bln in South Africa’s Limpopo Special Economic Zone. Belarus initiated the development of a free trade zone between Eurasian Economic Union (EAEU) and India. Alibaba’s logistics affiliate Cainiao will set up 5 new global hubs in Asia, Europe and Middle East.
Automation & Training – Ocean-going drones have given rise to one of China’s hottest start-ups. Industry’s bid to adopt Block chain to improve processes received another fillip when Dubai announced plans to create a Block chain-based platform to serve global trade. Mitsubishi Shipbuilding develops SOX emission reduction system.
Have a great week ahead!
Subhasis
Global Trade & Logistics
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Trade Sanctions on Iran & Russia could impact growth in container shipping
Global Trade. 1 June. 3 minute read.
Greater trade sanctions on Iran and Russia due to strained relations between the US and the two countries could impact the global container shipping trade. Maersk Line and MSC have announced that they won’t accept bookings or payments from any entity placed on the US Treasury sanction’s list.
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Dry-bulk shipping industry recovering with modest demand growth and subdued scrapping
Hellenic Shipping News. 1 June. 4 minute read.
The dry bulk shipping industry is witnessing better-than-expected growth in demand even as growth in ordering and scrapping remain lacklustre. The three main size-based segments moved from loss-making average earnings seen last year to moderate profits in the first four months of 2018. Dry bulk demolition fared the worst during the first four months as it was down by 73% compared to the same period last year.
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Demand for LCL shipping increasing due to the changing nature of trade
JOC. 26 May. 8 minute read.
Emerging trends such as rise of e-commerce, tech-driven supply chain monitoring and optimisation are propelling the demand for Less Than Container Load (LCL) shipping. Data shows that US imports of less than one TEU in Q1 increased almost 10 percent compared with a 1.3 percent fall during the same time last year. Read More
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Maritime & Logistics Infrastructure
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India and Indonesia to develop ports in the Indian Ocean
Channel News Asia. 30 May. 9 minute read.
Indonesia and India plan to step up cooperation in the defence and maritime sectors and develop a strategic Indonesian naval port in the Indian Ocean. India’s decision to work closely with Indonesia in these sectors emanates from its “Act East” policy of developing stronger ties with the Association of Southeast Asian Nations (ASEAN).
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Oman’s Sohar Port to develop mineral terminal
Port Technology. 30 May. 3 minute read.
Sohar Port and Freezone, Oman, has joined hands with Marafi Sohar to develop and operate a new mineral aggregate terminal at the Sohar port. The mineral terminal will be developed on a section of the port’s bulk terminal number 25, and will have an annual loading capacity of 8 million tonnes on completion.
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Reach out to over 12000 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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Multi-modal Connectivity
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India’s leading container rail operator CONCOR set to enter coastal shipping
Hellenic Shipping News. 2 June. 4 minute read.
Container Corporation of India Ltd (Concor), India’s top container train operator, has invited bids to hire two Indian flag vessels of 22,000 DWT each. Concor’s decision to diversify into the coastal shipping business is a part of its strategy to strengthen infrastructure along the East-Coast and West-Coast Corridors.
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Baltic States agree to launch jointly managed intermodal rail service
International Railway Journal. 31 May. 3 minute read.
Estonia’s freight operator EVR Cargo, Latvia’s LDZ Logistika, and Lithuanian Railways have signed an agreement to launch an intermodal freight service called Amber Train. The intermodal service will enable the transhipment of containers to standard-gauge trains and provide a fast and reliable rail freight connection between western and northern Europe.
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Shipbuilding, Ship Repair & Recycling
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State support for the Chinese and Korean shipbuilding industries, makes Japan anxious
Steel Guru. 30 May. 6 minute read.
Japan has expressed concern over the state support that China and South Korea have continued to provide to their struggling shipbuilding industries. The two countries have been providing unwavering public-sector assistance to their leading shipbuilders of the likes of Daewoo Shipbuilding & Marine Engineering and CSSC that have suffered losses due to overcapacity and supply glut.
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Oman Dry Dock looking to enter the shipbuilding market
Marine Log. 1 June. 4 minute read.
Oman Drydock Company (ODC) could announce its foray into the shipbuilding market at Posidonia 2018, the international shipping exhibition to be held on June 4-8 in Athens, Greece. ODC aims to provide services for ship repair and conversion operations of commercial tonnage and naval vessels as well as deliver small units such as OSVs, tugs and barges to the global shipbuilding market.
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Maritime and Logistics Conversations
Maritime & Logistics Weekly had the opportunity to participate in the 1st Indo-Dutch Forum on Smart & Sustainable Port-led Development. The forum was organised by the Consulate General of Netherlands along with Confederation of Indian Industry (CII), on the occasion the visit of the Dutch Minister for Infrastructure & Water Management, Ms Coravan Nieuwenhuizen to Mumbai and held discussions on topics including the digitization of ports, dredging, inland waterway development, hinterland logistics, cruise tourism, financing, etc.
Readers interested in exploring opportunities for collaboration and marketing exposure are invited to connect with the tradeshow team connect@maritime-world.com
Stay tuned to our newsletter to remain updated on key developments and events that MaritimeWeekly supports.
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Reach out to over 12000 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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Maritime & Logistics Investments
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State owned New India Assurance launches insurance cover for coastal and inland vessels
Hellenic Shipping News. 2 June. 2 minute read.
India’s public-sector general insurance company New India Assurance (NIA) has launched a protection and indemnity (P&I) cover for the inland and coastal vessels. NIA will cover vessels in Indian waters including dry cargo, tugs barges among others. This is the first time that any Indian insurance player has forayed into the segment dominated by international players.
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Opinion-India needs to prioritise investment in connectivity over ports
Hindu Business Line. 28 May. 4 minute read.
India must prioritise the building of multi-modal connectivity to existing ports over the development of new deep-sea ports that it has forged ahead with as part of the Sagarmala programme, said a World Bank expert. Many new ports built with private investments have added to the capacity while existing ports are struggling for cargo due to weak global trade.
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Malaysia continues support for USD 14 Bln China led rail project
Nikkei Asian Review. 1 June. 4 minute read.
Malaysia will proceed with the China-funded USD 14 Bln East Coast Rail Link project even as Malaysia, under the new government, seeks to roll back many projects awarded under the previous regime. China’s state-owned Export-Import Bank will provide 85% of the financing through a 20-year soft loan at an annual interest rate of 3.25%.
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Free Zone & Logistics World
Automation & Training
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Dubai creates a Block chain based platform to serve global trade
Cryptovest. 31 May. 4 minute read.
As part of its 10X strategy, Dubai will develop the Digital Silk Road project, a Block chain-based platform that aims to improve global trade. The project will deploy Block chain to support transparency in supply chain management, speed up transactions, enhance security and minimize trade in counterfeit goods, among other objectives.
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Mitsubishi Shipbuilding develops SOX emission reduction system
Ship Technology. 1 June. 3 minute read.
Mitsubishi Shipbuilding has launched a program, called the Active Funnel system, to help container vessel operators reduce sulphur oxides (SOx) emissions. The Active Funnel system is expected to lower the sulphur content in the vessels’ exhaust gas from 3.5% to 0.1%, which will help the operators meet the new SOx emission norms expected to be effective from 1 January 2020.
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Ocean going drones propel one of China’s hottest start-ups
The Business Times. 29 May. 11 minute read.
Oceanalpha Co, China’s hottest drone start-up, valued at USD 780 Mln, has sparked the interest of some of China’s biggest venture capitalists. The start-up, founded by Zhang Yunfei, came about from a University project that evolved to undertake prestigious govt initiatives such as the surveying of Tibetan lakes and testing river pollution among others.
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Reach out to over 12000 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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