Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 4 March 2016

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Maritime Weekly 
Insights for Senior Maritime Executives
04 Mar 2016

Greetings from Maritime Weekly (MW).Greetings from Maritime Weekly (MW). MW is a weekly newsletter published by Maritime World Services, a research, 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.

What's Topical This Week

An interesting study by McKinsey Global Institute has brought out that while trade in traditional goods and the flow of international finance has stopped growing, the flow of digital goods and services across borders is surging globally.

In the maritime infrastructure section we have news emphasising the need for improving port infrastructure in India’s major ports. The Russian Transport Ministry is finalising their long term port infrastructure development plans and three US ports, are building for the future. In the connectivity segment, we look at news from India’s union budget presented earlier this week, allocating funds for road and rail connectivity as well as improving ease of doing business.

It is encouraging to note that Vietnam and Russia are working on strengthening shipbuilding ties and, a Singapore based firm has bagged shipbuilding orders for product oil tanker and ferries from Indonesia. Also encouraging are the news items on Bulgaria presenting investment opportunities in Black-sea ports to China and the Indian government clearing an investment in a strategic port project in Iran.

Continuing on an optimistic note is the news of the first issue of carbon credits for the use of an advanced hull coating, reducing fuel consumption and release of Co2 and, that women are progressing in the maritime profession. In the leisure section we curated news of over 100 calls by cruise lines to the ports of Halifax in Canada and Hamburg in Germany.

Have a great week ahead.
The Maritime Weekly Editorial Board

 

Global Maritime Trade

ship.jpgGlobal trade surges, in digital goods bringing profound changes-MGI Study

Voice of America. 25 Feb .4 Minute Read
The flow of digital goods and services across borders is surging globally, while trade in traditional goods and the flow of international finance has stopped growing. Read More >>



ship.jpgRussia-Japan trade grows substantially in last decade

Voice of 29 Feb. 3 Minute Read
Trade between Moscow and Tokyo has quadrupled since 2006, according to Japan’s Minister of Economy, Trade and Industry Motoo Hayashi.. Read More>>



ship.jpgWorld trade 2015, first contraction since 2009

The Herald. 29Feb . 9 Minute Read
The value of goods that crossed international borders last year fell 13,8 per cent in dollar terms, the first contraction since 2009, according to the Netherlands Bureau of Economic Policy Analysis’s World Trade Monitor. Read More>>

 

Maritime Infrastructure

ship.jpgMajor Indian ports require urgent improvement in infrastructure

The New Indian Express,27 Feb. 5 Minute Read
There is an urgent need to augment port infrastructure on war-footing besides addressing the issue of higher prices of port services in India, the Economic Survey 2015-16 released on 27 Feb. Read More >>


ship.jpgRussia’s port infrastructure development strategy till 2030 expected to be approved by autumn 2016

Port News ,25 Feb. 2 Minute Read
FSUE Rosmorport and RF Transport Ministry are going to complete their joint work on revised strategy for the development of port infrastructure till 2030 by July-September 2016. Read More>>


ship.jpgThree US ports- building for the future

Supply Chain Management Reviews , 26 Feb. 9 Minute Read
Ocean cargo gateways on West, Gulf, and East coasts are addressing infrastructure needs with customized solutions. Read More >>


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Port Connectivity

ship.jpgRail connectivity leads to ease of doing business in India

The Economic Times , 25 Feb. 5 Minute Read
Railway Budget's proposals regarding improving port connectivity though rail announced recently by minister Suresh Prabhu will improve ease of doing business and lower transaction costs for the exporters and importers, as per Engineering Export Promotion Council of India' Read More>>


ship.jpgIndia’s Budget 2016: Total outlay for roads and railways to be ~ USD 32 Bn

The Economic Times , 29 Feb. 4 Minute Read
Adding the total budgetary allocation for development of roads and by the Railways for development of rolling stock and track, the total outlay stands at Rs 2,18,000 crore.( ~ USD 32 Bn) Read More >>


ship.jpgIndian government initiatives would support shipping industry

Hellenic Shipping News , 29 Feb 10 Minute Read
Several measures taken by the Ministry of Shipping, including rescinding of rules, incentivising ship building, lighthouse tourism and setting up an SPV for port connectivity are steps in the right direction. Read More >>

          

Ship Building

ship.jpgViet Nam, Russia explore strengthening shipbuilding ties

Viet Nam News, 24 Feb 4Minute Read
There were untapped potentials for Russia and Viet Nam to further co-operate in the shipbuilding industry, According to Maxim N Kochetkov, Director for the Shipbuilding Industry and Marine Department under the Russian Ministry of Industry and Trade. Read More>>



ship.jpgSingapore’s Otto Marine Secures Three New Shipbuilding Contracts Worth USD23 Million, Diversifying Product Portfolio.

Hellenic Shipping Times, 22Feb . 4 Minute Read
The contracts include one unit of 6,500 LTDW (Long Tons Deadweight) product oil tanker, which will be ABS-class. The other two contracts were for two units of 1,200 GT (Gross Tonnage) ferry. The order for the product oil tanker was placed by a local Indonesian firm, and the orders for the ferries were placed by an Indonesian state-owned enterprise. Read More >>


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Maritime Capital

ship.jpg Bulgaria to Present Investment Opportunities in Black Sea Ports to China

Hellenic Shipping Times, 22 Feb. 3 Minute Read
Bulgaria’s Transport Minister IvayloMoskovski will be hosting the delegation of China’s National Development and Reform Commission led by NingJizhe during the two day-visit. The Chinese government delegation will visit the Bulgarian Black Sea ports of Varna and Burgas to study opportunities for investment in their transport infrastructure Read More>>


ship.jpgIndia’s cabinet clears USD 150 Mn IranianChabahar Port Project

Economic Times ,24Feb .6 Minute Read
For greater trade and investment flow with Iran and neighbouring countries,  the Indian cabinet cleared proposals for development of strategic Chabahar port in the Persian Gulf nation including through a$150 million credit from Exim BankRead More>>

                       

People & Tech

ship.jpgIssue of First Carbon Credits from Intersleek Technology

Maritime Professional , 24Feb .7 Minute Read
Launched in 2014, the award-winning program rewards ship owners who convert existing vessels from a biocidal antifouling to a premium, biocide-free advanced hull coating such as AkzoNobel’sIntersleek –part of its International® brand – which is proven to reduce fuel consumption and CO2 emissions. Read More>>


ship.jpgWomen Are making progress in the Maritime Industry

Maritime Professional , 29Feb . 10 Minute Read
Decision makers in the industry are now beginning to recognize their potential in view of the current shortage of skilled people. Women are a major focus at the Maritime Career Market held at SMM. A highlight is presentation of the “Personality of the Year 2016” award by the Women’s International Shipping & Trading Association (WISTA) Read More>>

                           

Cruise World

ship.jpgHalifax Port to welcome 135 cruise ships in 2016

Herald News. 27 Feb 5 minute Read
Atlantic Canada’s cruise industry, from Halifax to Nachvak Fjord in northern Labrador, plays a significant role in the four provinces’ tourism sectors and economies. Halifax attracts the most calls, expecting 135 of the 400 stops in the region scheduled for 2016., that represents 240,000 passengers plus crew visiting Halifax. Read More >>


ship.jpgHamburg Gives Cruise Ships Easier Access

Marinelink.Com, 26 Feb. 5 Minute Read
The cruise ship business is booming in Hamburg, with 160 visits expected in 2016.The Nautical Terminal Coordination (NTC) has expanded its portfolio to include cruise ships, now providing support for Costa and AIDA vessels when they call at the Port of Hamburg. Read More>>

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