Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 10 March 2017

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10 March 2017


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 appears to be coming out of its long winter. Canada and India have agreed to accelerate bilateral trade. A study found that freight forwarders spend USD 500 mn to find and manage changing ocean carrier rates.


Maritime Infrastructure - Cargo handling in India’s 12 major ports has grown by 7.14% during Apr’16-Jan’17. US Ports Virginia and Georgia plan cooperation to better handle mega ships and more cargo. Indonesia has issued regulations to determine Hub Ports for international and domestic shipping.


Multimodal Connectivity - India is planning to send a container train across 6000 km from Dhaka to Istanbul. Turkey is seeking to connect to the Maritime Silk Road initiative. South East Asian nations and India are enhancing land and sea connectivity.


Shipbuilding - Daewoo Shipbuilding has secured an USD 873 mn order to build LNG vessels for European Operators. Egypt is looking to collaborate with Russia on shipbuilding. Sri Lanka has approved an USD 180 mn order for building coast guard vessels at Colombo Dockyard.


Maritime Nation India 2017 - We are privileged to have received a ‘Letter of Endorsement’ from the Shri Nitin Gadkari, Honourable Minister of Road Transport, Highways and Shipping, Government of India. This week we are happy to welcome All India Liquid Bulk Importers and Exporters Association (AILBIEA) as our Industry Association Support Partner.


Maritime Capital - Japan’s Tsuneishi Shipbuilding is investing USD 100 mn additionally in a ship recycling facility in the Philippines. Leading banks holding USD 400 bn shipping debt need impact assessment for oncoming climate regulations. China is exploring investment options in belt and road projects in the Philippines.


People and Technology - South Korean researchers have developed 3D container cargo inspection technology. Maersk has completed live cargo tracking trial, leveraging blockchain technology. Hyundai Merchant Marine has acquired four terminals from Hanjin.


Leisure and Cruise - Japan is identifying six domestic ports, to be developed as International Cruise Hubs. Chinese travel agents have stopped selling packages with cruise calls to South Korea. Fred Olsen is launching 2018-19 cruise itineraries with 228 ports in 73 countries and maiden calls to India, Australia etc.


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



Global Maritime Trade

Global trade could be coming out of its long winter
Live Mint, February 28, 3 minutes read
Global trade, which has been going through a rough phase since last few years, is likely to recover. A report shows that the world export volumes rose by 3 per cent in December 2016 from a year ago, and 0.7 per cent from the previous month. The slight bounce in world trade might be the result of an economic improvement in the US, Eurozone and China. For emerging Asia, export growth volumes have increased 2.8 per cent year-on-year and marginally compared to the previous month. Read More


Canada and India agree to accelerate bilateral trade
India Today, 4 March, 4 minutes read
A bilateral meeting was held in New Delhi between the Canadian Minister of International Trade with India’s Commerce Minister on the proposed free trade pact between India and Canada. The countries agreed to focus on promotion and protection elements in the agreement, which provide stability and predictability to investments in each others country. Both sides agreed to meet and provide key inputs for furthering the bilateral relationship. Read More


Freight forwarders spend USD 500 mn to manage ocean carrier rates
Global Trade, 3 March, 4 minutes read
As per a research, carried out recently, freight forwarders spend approximately USD 500 million a year to find and manage ever-changing ocean carrier rates. The expense represents costs incurred by a single ocean shipping business segment – the freight forwarders. It does not include the inefficiencies and costs incurred by the rate originators ie ocean carriers, or shippers. It also does not include the cost of investments in systems, to support or reduce labour costs. Read More


Maritime Infrastructure

Cargo handling in India’s 12 major ports grows by 7.14% during Apr’16-Jan’17
IIFL, 28 February, 2 minutes read
Buoyed by the rising demand, India’s 12 major ports have witnessed increase in cargo traffic by 7.14 per cent to 535.35 million tonne (MT) during the first 10 months of the current fiscal. During April’16-January’17, the ports had handled 499.68 MT of cargo. The highest traffic volume was handled by Kandla Port during April-January of current fiscal, followed by Paradip Port Two major ports in West Coast - Mumbai Port and JNPT handled 52.94 MT and 51.32 MT, respectively. Other major ports in East Coast - Vishakhapatnam Port, Kolkata Port and Chennai Port handled 50.98 MT, 40.57 MT and 42.20 MT, respectively. Read More


US Ports Virginia and Georgia plan cooperation to better handle mega ships and more cargo
JOC.com, 27 February, 10 minutes read
Two major ports in USA – Virginia and Georgia have approached the US federal maritime regulators for permission to work together to better support mega-ships, shipping alliances, and the cargo owners. This is expected to help retain and attract ocean services, by jointly acquiring operating systems and equipment; sharing information on cargo handling, gate operations, turn times, staffing, and infrastructure; jointly drafting agreements with carriers, shippers, and other terminal operators. Read More


Indonesia issues regulations to determine Hub Ports
The Jakarta Post, 2 March, 5 minutes read
Hub ports hold the role of connecting international and national shipping in Indonesia. The National Medium-Term Development Plan 2015-2019, the National Logistics System and the National Port Master Plan 2013- has decided that Kuala Tanjung and Bitung Port will be international hub ports in the west and the east. For national hub ports, additional ports, such as Tanjung Priok, Tanjung Perak and Makassar have been named. Read More




Port Connectivity

India plans to send a container train across 6000 km from Dhaka to Istanbul
Quartz, 3 March, 3 minutes read
On the lines of China’s ambitious 'One Belt, One Road' initiative, Indian Railways is trying to connect a group of disparate railway networks across South and West Asia to send a container train from Dhaka to Istanbul. The 6000-km route goes through five countries—Bangladesh, India, Pakistan, Iran, and Turkey. Railway officials of these five countries are likely to meet in New Delhi later this month to finetune the plan. The project is expected to commence in 2017. Read More


Turkey is seeking to connect to the Maritime Silk Road initiative
Hellenic Shipping News, 28 February, 5 minutes read
After the success of China’s land-based 'One Belt, One Road' (OBOR) initiative that enhances connectivity between Europe to Asia, Turkey is now trying to be a part of China’s Maritime Silk Road (MSR) project. Turkey shares the shores of three major seas - the Black Sea, Mediterranean and the Aegean - it is now considering on whether and how it should be a part of the MSR. Read More


South East Asian nations and India enhancing land and sea connectivity
The Asian Age, 27 February, 3 minutes read
India and South East Asian countries, including Myanmar and Cambodia, are enhancing land and sea connectivity to boost trade and are working on various projects like Kaladan Multi-Modal Transit Transport. A huge potential exists in the Cambodia, Laos, Myanmar and Vietnam (CLMV) nations for Indian manufacturers. The Indian Government plans to launch an SPV (special purpose vehicle) in these CLMV countries for Indian companies to secure quick approvals and clearances for setting up manufacturing units. Read More


Shipbuilding

Daewoo Shipbuilding wins USD 873 mn order to build LNG vessels for European Operators
Hellenic Shipping News, 4 March, 3 minutes read
Daewoo Shipbuilding & Marine Engineering (DSME), the largest shipbuilder in South Korea, has bagged contracts worth up to USD 873 million to build LNG vessels for two European oceangoing vessel operators. Initially, DSME will build four ships valued of USD 525 million with an option for two more vessels. With these deals, it is expected that DSME would be financially better off. Read More


Egypt looking to collaborate with Russia on shipbuilding
SPUTNIK, 2 March, 2 minutes read
Egypt has shown interest in using the experience of the Russian civil shipbuilding. The motivation is to leverage the military technical cooperation between the countries. Egypt’s interest in particular is about using the experience of the Russian civil shipbuilding, for the development of shipyards in Alexandria. Read More


Sri Lanka approves USD 180 mn coastguard order for shipbuilding at Colombo Dockyard
gCaptain, 1 March, 2 minutes read
Sri Lankan Government has approved an USD 180 million deal for three offshore patrol vessels for the country’s coast guard to be built by Colombo Dockyard. Colombo Dockyard has agreed to arrange a loan to deliver the vessels. Read More




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 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.


We are privileged to have received a letter of endorsement from Shri Nitin Gadkari, Honourable Minister of Road Transport, Highways and Shipping, Government of India. We are inspired to note that he has expressed his confidence that..."this event will significantly contribute in projecting the opportunities of investment and collaboration in the maritime and logistics ecosystem in India". We are confident that with his good wishes and support, Maritime Nation India 2017 will be a grant success.


This week, we are happy to welcome All India Liquid Bulk Importers and Exporters Association (AILBIEA) as Industry Association Support Partner for our Maritime Nation India 2017 International Exhibition & Conference 14-16 September 2017. AILBIEA is the apex body for the stakeholders of Liquid Bulk Trade in India.


Stay tuned to our newsletter to remain updated on key developments and events that Maritime Weekly supports.



Maritime Capital

Japan’s Tsuneishi Shipbuilding investing USD 100 mn additionally in a ship recycling facility in Philippines
Hellenic Shipping News, 3 March, 2 minutes read
The ship recycling project is envisioned to respond to Philippines’ requirements for inter-island vessels for transport and logistics, as well as provide the steel required for major infrastructure work. Tsuneishi has committed to invest around USD 285 million to expand their projects in Philippines. Tsuneishi is investing an additional USD 100 million in a ship recycling facility in Visayas, Philippines and would generate 6,000 jobs in the country. Read More


Leading banks holding USD 400 bn shipping debt need impact assessment for oncoming climate regulations
The Economics Times, 27 February, 4 minutes
In October 2016, over 170 countries at the UN’s shipping body agreed to deliver a new set of carbon-cutting rules by 2023. As per a report, leading banks holding USD 400 billion of shipping debt need to be aware about the impact of the oncoming climate regulations on the sector. The report suggests that financiers should be future-proofing investments, and preparing to harness the new opportunities that decarbonisation could trigger. Read More


China exploring investment in belt and road projects in Philippines
JOC.com, 28 February, 4 minutes read
With the aim to further its one belt one road initiative, China is investing Philippines’ port infrastructure. This would also increase China’s presence in the South China Sea. Senior Officials of China Development Bank recently visited Manila to discuss port investment potentials in Manila, Cebu and Davao. Read More



People & Technology

South Korean researchers develop 3D container cargo inspection technology
Global Trade, 3 March, 3 minutes read
A group of Korean researchers from Research Institute of Ships and Ocean Engineering has unveiled technology for 3-Dimenstional inspection of container cargo to reduce processing time and costs. The 3D system claims that it requires one-tenth of the inspection times of 2D devices, by completing the job in a single view. The machines will be installed after seven months of functional tests and verifications. Read More


Maersk completes live cargo tracking trial, leveraging blockchain technology
CoinDesk, 5 March, 7 minutes read
Maersk, the Danish shipping giant, has completed its first live blockchain trial, aimed at simplifying the way in which it sends cargo worth trillions of dollars around the world. Built in partnership with IBM, the test resulted in shipment of goods from Schneider Electric across the Atlantic and aimed at saving costs and time by moving the paperwork between each of the counterparties to a blockchain-based smart contract system. Read More


Hyndai Merchant Marine acquires four terminals from Hanjin
Maritime Logistics, 19 February, 2 minutes read
Hyndai Merchant Marine (HMM) has acquired bankrupted Hanjin Pacific Corporation’s 100% stake in terminals in Tokyo and Kaohsiung for about USD 13.15 million. With this acquisition, HMM would have secured four of Hanjin’s terminals, including TTI Long Beach (20%), Algeciras (100%). This acquisition is also expected to expand HMM’s port network and strengthen the sales competitiveness. Read More


Leisure & Cruise

Japan selects 6 domestic ports to be developed as International Cruise Hubs
Japan News, 27 February, 3 minutes read
In 2016, a total of 1.99 million tourists came to Japan by cruise ship and the government aims to increase the number of tourists who arrive by cruise ship to 5 million by 2020. To capitalise on the rising foreign tourist arrivals by cruise ships, Japan’s Tourism Ministry plans to develop six domestic ports, including Yokohama, as international cruise hubs. Read More


Chinese travel agents stop selling packages with cruise calls to South Korea, putting ports on alert
Cruise Industry News, 3 March, 2 minutes read
Several South Korean ports, including Incheon, are concerned after Chinese travel agents have stopped selling packages that include cruise calls to South Korea. The ongoing situation could also impact itineraries by operators, who may be forced to drop South Korean calls in favour of Japan. Read More


Fred Olsen launches 2018-19 Cruise itineraries with 228 ports in 73 countries and maiden calls to India, Australia
Mirror UK, 7 March, 4 minutes read
Fred Olsen Cruise Lines is launching its 2018-19 brochure with a big emphasis on tourist destinations and scenic cruising. Olsen’s fleet of four ships will be visiting 228 destinations in 73 countries around the globe. There will nine maiden calls to ports in Australia, India, Norway, Mexico, Oman, Ascension Island, Brazil and Italy. Read More



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