Business Insights Curated From The Maritime & Logistics Ecosystem – Maritime Weekly -Week #9

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Maritime Weekly
Business insights for maritime and logistics executives.

02 March 2018

Dear {{Name}}
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 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 18,000 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 18,000 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 - Seaborne traffic through Malacca straits hit an all time high in 2017. Baltic Dry Index shows Iron Ore, Copper prices are heading for a fall. Maersk line to expand in land based logistics businesses.

Maritime Infrastructure - Ports of Rotterdam and Antwerp are bracing for a hard Brexit. PM Modi launched PSA’s new port terminal in India. Boskalis consortium secured USD 1.1 Bln Tuas Terminal-II development contract.

Multimodal Connectivity - Port connectivity is central to future India-Iran ties. Bangladesh has sought access to Kolkata port to boost trade ties. Vizhinjam port project concluded an agreement for rail connectivity.

Shipbuilding and Ship Repair -
Japanese shipbuilders overtook Korean counterparts in new orders. Abu Dhabi Shipbuilding reported 70% rise in net profits. Korea’s Hyundai Mipo delivered world’s Frist LNG bulk carrier.

Maritime Exhibitions, Conference and Conversations -

This week we are happy to share that Apex Group and Maritime Weekly participated in the Global Logistics Show, in Mumbai

Readers interested in exploring opportunities for collaboration and marketing exposure are invited to connect with the tradeshow team connect@maritime-world.com

Reach out to over 18,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

Maritime Capital - Indian companies are expected to invest over $2 Bln in Iran’s port and railways. Adani Group would invest over $1.5 Bln in Andhra Pradesh, including development of a greenfield port. European Investment Bank and ING would invest Euro 300 Mln in green shipping projects.

People and Technology - Surveillance drones were approved by the Korean Register of Shipping. Singapore ports would tender for supply of automatics guided vehicles to operate in the port from 2021. Led by Norway, Europe has begun to electrify its coastal fleet.

Leisure and Cruise - Dubai is expected to welcome one million cruise tourists by 2021. India’s Kochi Port is witnessing a boom in cruise tourism. Opinion- Cruise ships are transitioning to energy efficient and clean fuels.

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


Global Maritime Trade

Seaborne traffic through Malacca Straits hit an all time high in 2017

Sea News (Turkey), 22 February. 2 minute read

The Malacca Straits posted a record high of 84,456 transits in 2017 on the back of consistent increase in maritime traffic since 2011. Despite tough shipping market conditions, the daily transit of vessels per day at the Strait grew from 222 reported in 2015 to 231 in 2017. Read More

Baltic Dry Index shows Iron Ore, Copper prices heading for a fall

Mining, 26 February, 5 minutes read

Capital Economics, a leading economic research agency, has predicted that growth in China’s overall commodities demand is set to fall this year, which will drag down the industrial metals prices. The agency took into account the 32-percent drop in Baltic Dry Index since December 2017, which it said, was “particularly large and hard to explain by temporary factors alone.”
Read More

Maersk line looking to expand in land-based logistics businesses

Bloomberg, 20 February, 3 minute read
Jakob Stausholm, A. P. Moller-Maersk's CFO has said that the company is looking for growth in the non-ocean segment through M&As. Starting 2018, Maersk will report revenue for ocean and non-ocean segments where the later will include logistics business and port terminal operations.Read More

Maritime Infrastructure

Ports of Rotterdam and Antwerp brace for a hard Brexit



The Loadstar, 16 February, 6 minute read

North Europe’s two biggest ports are doing everything in their might to prevent supply chain delays likely to be caused as a result of Brexit. A recent KPMG survey said that ‘a hard Brexit’ will introduce additional customs formalities that will substantially increase cargo dwell times. Read More

Indian PM launches PSA’s new port terminal in India

The Straits Times, 18 February, 3 minute read

Prime Minister Narendra Modi inaugurated PSA's $1.2-B Bharat Mumbai Container Terminal (BMCT) at Jawaharlal Nehru Port remotely from the site of the future Navi Mumbai International Airport. BMCT, among the largest FDIs in port sector, will have an annual container handling capacity of 4.8 million TEUs at the end of 2022. Read More

Boskalis consortium secures $1.1-B Tuas Terminal-II development contract
Seatrade Maritime News, 22 February, 2 minute read

Maritime and Port Authority of Singapore (MPA) has awarded the port development project Tuas Terminal Phase II to a consortium comprising Netherland-based Boskalis. The company, whose share in the consortium is 30%, will execute various dredging and civil engineering activities within the given scope. Read More



Reach out to over 18,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com

Port Connectivity

Connectivity central to future India-Iran ties

Economic Times, 23 February, 8 minutes read


Iranian President Hassan Rouhani’s recent visit to India has strengthened India-Iran relations. Connectivity through Iran is critical to India’s Afghan policy. A recent case-in-point was the transit of one million tonnes of Indian wheat to Afghanistan through the Chabahar port, bypassing Pakistan. The signing of a lease contract for Chabahar port phase-1 was an important highlight of President Rouhani’s visit. Read More

Bangladesh seeks access to Kolkata port to boost trade ties

The Hindu BusinessLine, 20 February, 3 minutes read

Bangladesh sought access to the Kolkata port during Commerce Secretary-level bilateral talks in Dhaka on February 7 and 8. As per a formal presentation made in this regard, the access may help Bangladesh attract Indian investments in designated SEZ on the West Bengal border. The proposal is a part of the BBIN (Bangladesh, Bhutan, India, Nepal) sub-regional initiative. Read More

Vizhinjam port project concludes agreement for rail connectivity
TOI, 20 February, 2 minute read

VISL, a Kerala-government-owned company which is implementing the Vizhinjam port project, has signed an MoU with Konkan Railway Corporation Limited for providing rail connectivity for the project between Vizhinjam and Balaramapuram. The project would be commissioned by mid-2022 as per the contract.
Read More


Shipbuilding and Ship Repair


Japanese shipbuilders overtake Korean counterparts in new orders



Hellenic Shipping News, 20 February, 2 minute read

The Korean shipbuilding industry was surpassed by the Japanese industry in the new order competition in January 2018. It was also seen that Korean shipbuilders’ order backlog was fewer than Japanese shipbuilders’ as of February beginning. The report cites Korean shipbuilding industry's restructuring exercise as the reason..Read More

Abu Dhabi Shipbuilding reports 70% rise in net profits

Seatrade Maritime News, 23 February, 2 minute read


Abu Dhabi Ship Building PJSC has reported 70 percent growth in net profit for FY 2017 ending in December, its second-best performance ever. ADSB's financials affirm its continuing success story as the company diversifies into newer sectors including commercial shipping and offshore. Read More

Korea’s Hyundai Mipo delivers world’s first LNG bulk carrier
LNG World News, 21 February, 2 minute read
South Korea’s Hyundai Mipo and Ilshin Logistics have delivered what they claim to be world’s first LNG-fuelled bulk carrier, equipped with a high-manganese LNG fuel tank. Hyundai Mipo bagged the order in July 2016 from shipowner Ilshin Shipping. The 50,000 dwt bulk carrier is compliant with the International Gas Fuel (IGF) Code.Read More

Maritime Exhibitions, Conferences and Conversations

This week we are happy to share that Apex Group and Maritime Weekly participated in the Global Logistics Show, held at Bombay Exhibition Centre, Mumbai

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.

Reach out to over 18,000 maritime and logistics professionals world wide. Send us your news/ press releases to our news desk at: editorial@maritime-weekly.com


Maritime Capital

Indian companies expected to invest over $2 Bln in Iran port and railways


Mehr News Agency, 17 February, 3 minute read

Iran's Roads and Urban Development Minister Mr Akhoundi, who accompanied President Rouhani on his recent India visit, stated that Indians have expressed their initial agreement to invest $2 billion in Iran’s ports and railways. The agreements were signed in New Delhi in the presence of Mr Akhoundi and his Indian counterpart Nitin Gadkari. Read More

Adani Group to invest over $1.5 Bln in Andhra Pradesh, including development of a greenfield port

Moneycontrol, 24 February, 2 minute read


Adani Group last week inked an agreement with the Andhra Pradesh government to invest over Rs 9,000 crore in various projects, including development of a greenfield port at Bhavanapadu. Group Chairman Gautam Adani said that he aimed to make Bhavanapadu as one of the largest and sophisticated port in the country. He added that the company would also be investing in a multi-modal logistics park. Read More

European Investment Bank and ING to invest Euro 300 Mln in green shipping projects

Business Green, 20 February, 7 minute read


The two banks have signed an agreement to support projects in the European shipping sector, including the low-carbon retrofitting of ships or developing new low-emissions vessels. The agreement will give a much-needed push to climate sustainability initiatives in the maritime sector. Read More

People & Technology

Surveillance drones approved by the Korean Register of Shipping
Port Technology, 22 February, 3 minute read
The Korean Register of Shipping (KRS) has approved Robotics In Maintenance Strategies (RIMS) for the use of drones during surveys of enclosed spaces. The drones can do remote live on-screen object inspection, which can potentially replace the costly access equipment that shipowners and managers need. Read More


Singapore ports to tender for supply of autonomous guided vehicles to operate from 2021


Ship Technology, 19 February, 3 minute read

Singapore ports is expected to launch a tender for the supply of autonomous guided vehicles (AGVs) to operate at Tuas, which will open from 2021. The AGVs will work alongside the thousand automated cranes that are expected to be provided to the new port. Read More

Led by Norway, Europe beginning to electrify its coastal fleet

Yale Environment. 22 February, 30 minute read


The Norwegians have raced ahead in the electric shipping development, having started with light, short-range ferries. Other countries in Europe are beginning to electrify their coastal vessels – but the task of greening the high seas fleet is still a challenge. A Yale School of Environmental Studies feature. Read More

Leisure & Cruise

Dubai expected to welcome one million cruise tourists by 2021


GDN Online, 26 February, 5 minute read

An upsurge in the demand for unique ocean adventures means that Dubai will receive one million cruise tourists by 2021, as per Dubai Cruise Tourism. Overall, Dubai welcomed 15.8 million tourists in 2017. Boosting the emirate's status as a top tourist destination, The Dubai International Boat Show returned for its 26th year in Feb, with a new location at the Dubai canal.Read More

India’s Kochi Port witnessing a boom in cruise tourism


The Hindu. 25 February, 4 minute read

The port of Kochi looks forward to a busy season, as more than 40 cruise liners are expected to visit the port this fiscal. A major reason for the boom is the success of ‘Samudrika’, a state-of-the-art cruise facilitation centre that issues all statutory clearances through a single window.
Read More

Opinion: Cruise ships are transitioning to energy efficient and clean fuels


Marine Link, February edition, 20 minute read

The opinion piece looks at the available technologies that can make the cruise industry more energy efficient and environmentally sustainable. The ultimate goal is to produce an easily accessible fuel, which is not only energy efficient but could also be used without significant increase in costs or modifications to the cruise vessel. Read More


Reach out to over 18,000 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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