Business Insights Curated From The Maritime & Logistics Ecosystem – Maritime Weekly -Week #10

Maritime Weekly
Business insights for maritime and logistics executives.

09 March 2018

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Greetings from Maritime 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 the maritime and logistics ecosystem, once a week to support you in making informed decisions in the week ahead.

Over 15,000 senior executives and officials from the global maritime and logistics ecosystem benefit from the insights shared by Maritime Weekly. Key news items for each industry sector, are available at our website www.maritime-weekly.com

Reach out to over 15,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

           
           

What is topical this week

Trade Lanes - EU aims to conclude trade deal with Japan before Brexit. Japan’s MOL to partner with Russia to develop the Northern Sea Route. Indian Seafarers remain favorites worldwide.

Maritime Infrastructure - Ethiopia partnered with Somaliland and DP World to develop port of Berbera. Malaysia’s Penang Port to be expanded for container and cruise operations. Suez Canal Port Authority signed agreement with DP World to develop Industrial Park.

Multimodal Connectivity - China’s coastal coal freight rose after New Year Holidays. Domestic shipping lines of Malaysia improved performance even post lifting of cabotage. Opinion-Digitalising the freight wagon could be the future of rail freight.

Shipbuilding and Ship Repair - Daewoo Shipbuilding secured order for 2 Very Large Crude Carriers. China to build a nuclear-powered aircraft carrier by 2020. Ship owners are scrapping old tankers with the fall in freight rates.

Reach out to over 15,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

Maritime Capital - USD 125 Mln Savanah Port logistics centre to be built in the fastest growing container port in the US. Monetisation of India’s 105 road
projects to contribute USD 19.5 Bln. Japan to invest USD 395 Mln in infrastructure projects in Kenya.

People and Technology - Blockshipping’s new platform could save the shipping industry over USD 5 Bln annually. India to promote methanol as shipping fuel, sets up maritime technology centre. Opinion-Predictive analytics is being increasingly used to improve port efficiencies.

Leisure and Cruise - Malta saw a strong growth in cruise tourist from North America. India’s Kolkata port to start an heritage cruise tour down the Hooghly river. Carnival Corporation’s LNG cruise ships to bring change in the industry.

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


Global Maritime Trade

EU looking to conclude trade deal with Japan before Brexit
Reuters. February 28. 3 minute read
The EU and Japan want to conclude their planned FTA early in 2019, ideally before Brexit comes into effect. If an EU deal comes into play before Brexit, it'd apply automatically to Britain and will have to be implemented during the post-March 2019 transition period of around two years. Read More

Japan’s MOL to partner with Russia to develop the Northern Sea Route
The Medi Telegraph, 27 February, 3 minutes read
Japanese shipping company Mitsui O.S.K. Lines has signed an MoU with FEIA, Russia to leverage the growth of transported goods via the Northern Sea Route, a much shorter alternative to the Suez Canal. The Northern Sea Route is gaining significance with the reduction of ice in the Arctic and the advent of new ice-breaking vessels, which have made the transportation commercially viable. Read More

Indian Seafarers remain favourites worldwide
The Hindu BusinessLine, 27 February, 5 minute read
The number of Indian seafarers engaged on merchant ships globally saw a sharp rise in 2017 to reached 154,349 in 2017 compared to 143,940 in 2016. India is the fifth biggest supplier of seafarers after China, the Philippines, Russia and Ukraine, according to the ‘Manpower Report 2015’, published by the Baltic and International Maritime Council (BIMCO) and the Internal Chamber of Shipping (ICS). Read More

Maritime Infrastructure


Ethiopia partners Somaliland and DP World to develop port of Berbera

Garowe Online, 01 March, 5 minute read
Ethiopia has signed an agreement with the Somaliland Port Authority and DP World to acquire 19 percent stake in the Port of Berbera. DP World holds 51 percent stake while Somaliland holds 30 percent stake in the project. Ethiopia will also put money into developing the Berbera Corridor as a trade gateway. Read More


Malaysia’s Penang Port to be expanded for container and cruise operations

The Sun Daily, 25 February, 5 minute read
Penang Port will invest a capex of RM180 million in 2018 mainly to expand operations at the North Butterworth Container Terminal (NBCT). The container terminal would be expanded to increase its handling capacity to 2.9 million 20-foot TEUs annually, from the current two million. Read More


Suez Canal Port Authority signs agreement with DP World to develop Industrial Park

Construction Week Online, 27 February, 2 minute read
DP World inked a deal with the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) to develop an integrated industrial and residential zone in Sokhna, Egypt. The agreement defines timelines for the implementation of the first phase of the project, spanning 30 square kilometres. The integrated zone, projected to commence in Q1-2018 will be managed by DP World. Read More



Reach out to over 15,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

Port Connectivity


China’s coastal coal freight rises

Steel Guru, 01 March, 2 minute read
China's coastal coal rates saw an uptick following the Lunar New Year celebrated during the 15-21 February period. The freight rates for Northern China’s Qinhuangdao port to the ports of Zhangjiagang, Shanghai and Guangzhou in the east and south China moved up after the holidays. Read More


Domestic shipping lines of Malaysia improve performance even post lifting of cabotage

Seatrade Maritime News, 28 February, 3 minute read
Malaysia’s domestic shipping sector successfully weathered the impact of the lifting of cabotage rules in June as evidenced by the good performance of their container shipping operations. Shin Yang Shipping Corporation (Syscorp), credited the improved performance in the shipping segment to the improvement of shipping profit margin in container shipping and international shipping operations segments. Read More


Opinion: Digitalising the freight wagon could be the future of rail freight

Transport & Logistics News, 02 March, 3 minute read
DB Cargo, the European Railway Cargo Carrier, aims to digitize its entire fleet by 2020. The company plans to equip every one of the 70,000 wagons in Germany with smart sensors and telematics systems. DB Cargo management recently approved a large investment into smart wagon technology between now and 2020. Read More

Shipbuilding and Ship Repair


Daewoo Shipbuilding secures order for 2 Very Large Crude Carriers

Yonhap News Agency, 02 March, 2 minute read
Daewoo Shipbuilding bagged a deal worth $170 million to build two large crude oil carriers, which can each hold 300,000 tons of crude oil. The carriers are to be delivered to a yet unidentified European shipping company by 2020.
Read More


China looking to build a nuclear-powered aircraft carrier by 2020

South China Morning Post, 28 February, 7 minute read
China Shipbuilding Industry Corporation (CSIC) plans to build the country's first nuclear-powered aircraft carrier. Its two existing aircraft carriers use conventional oil power. CSIC is also working on a new type of nuclear submarine, submarine artificial intelligence combat systems and an electronic information system for maritime defence.
Read More

Opinion: With the fall in freight rates, ship owners are scrapping old tankers
Hellenic Shipping News, 02 March, 7 minute read
With the freight rate market still reeling under the tonnage pressure, an increasing number of ship owners are scrapping their older tankers. some owners are doing away with their old larger tanker units assuming that each week could see price levels drop. Read More

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Reach out to over 15,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com


Maritime Capital

USD 125 Mln Savanah Port logistics centre to be built in the fastest growing container port in the US
MyAJC, 01 March, 3 minute read
Plans are afoot to build a sprawling new $125 million Logistics Centre near Savannah Port. The logistics centre will include more than 2.3 million sq ft of warehouse space. During fiscal 2017, Savannah port saw container traffic touch a record high of nearly 4 million TEUs. Read More


Monetisation of India’s 105 road projects could contribute USD 19.5 Bln

Economic Times, 27 February, 3 minute read
The Indian govt can gain Rs 1.25 lakh crore by monetizing 105 road projects that are ready. The Highways also plans to complete projects worth Rs 15 lakh crore by 2019. Read More

Japan plans to invest USD 395 Mln in infrastructure projects in Kenya, including expansion of port of Mombasa
Knowledge Bylanes, 02 March, 3 minute read
Japan plans to put in $395 million to support the Kenyan government’s Big Four agenda comprising manufacturing, housing, healthcare and food security. The investment will go towards projects which include the expansion of the Port of Mombasa and development of the Dongo Kundu bypass. Read More

People & Technology


Blockshipping’s new platform could save the shipping industry over USD 5 Bln annually

Gigabit, 02 March, 4 minute read
Denmark-based former Maersk executives will launch an Initial Coin Offering (ICO) for a Blockshipping platform in April. The platform, a blockchain-based shipping container registry, purports to transform the global shipping industry bringing in improved efficiency and profitability. Read More

India to promote methanol as shipping fuel, sets up maritime technology centre
The Hindu. 27 February, 4 minute read
India will promote the use of methanol for shipping in the place of diesel to address the problem of pollution in the shipping industry. Niti Aayog, in collaboration with institutes such as IIT-M, has undertaken research on how India can manufacture its own methanol for industrial use. Read More


Opinion: Predictive analytics is being increasingly used to improve port efficiencies

Ship Technology. 28 February, 12 minute read
More and more ports are using predictive analytics to achieve improved turnaround times and less truck idling. However, apart from a few success stories in the US, the implementation of new predictive technologies remains a challenge. Read More

Leisure & Cruise


Malta benefitting from strong growth in cruise tourist from North America

Cruise Industry News, 02 March, 5 minute read
The cruise tourism industry of Malta is seeing a substantial gain in demand from the North American market. It saw a y-o-y increase of 24 percent in 2017 from the American market and a 30 percent increase for the Canadian market. Read More


India’s Kolkata port is starting an heritage cruise tour down the Hooghly river

The Telegraph, 03 March, 6 minute read
TThe Calcutta Port Trust is launching a heritage tour down the Hooghly that will showcase the history of the ports. The tour will begin from the Man-O'-War jetty near Prinsep Ghat and end at Indenture Memorial, with guides explaining the importance of the landmarks on the way. Read More


Opinion: Carnival Corporation’s LNG cruise ships are brining a change in the industry

Ship Technology, 27 February, 5 minute read
Carnival Corporation, the AIDA cruises owner, will soon launch the first cruise ship powered by LNG. AIDAnova, the first in the series, will have the largest passenger capacity in the world and will be launched in late 2018. Read More


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