Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 19 May 2017

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19 May 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 analysis once a week to support you in making informed decisions in the week ahead. Over 10,000 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 - Moody’s Investors Services expects global shipping outlook to be stable. The trade deal between US and China is making progress. India and Italy are looking to expand their trade and economic ties.


Maritime Infrastructure - The Indian major ports have registered a growth of 6% in Apr’17. The throughput of Russian ports has grown by 10.9% year-on-year in Jan-Apr’17. The global port operator ICTSI, has witnessed a profit growth of 23% in the first quarter of 2017.


Multimodal Connectivity - The China-European rail link will connect 27 Chinese and 28 European cities. India and Russia are looking to expand cooperation in railways, inland waterways and IT sectors. Japan is keen on collaborating with India to develop Chabahar Port to lift regional connectivity.


Shipbuilding - The Indian Navy will now acquire ships from private shipyards, as per the new policy. India’s engineering group Titagarh Wagons is investing in Naval Shipbuilding to expand its defense portfolio. Damen shipyards has demonstrated its composite water bus at a recent event in the Netherlands.


Maritime Nation India 2017 - Leaders from OpenPort - Hong Kong, South Asia Gateway Terminals - Colombo, have confirmed their participation in Maritime Nation India 2017.Maritime weekly recently participated in the CMMI meeting on the MRV (Monitoring, Reporting & Verification) of CO2 emission and Implications of Water Management in the Maritime Sector.


Maritime Capital - Russia is looking for investments and trade links on China’s New Silk Road. Navios Maritime Holdings is creating a new public company to invest in container ships. DP World would invest USD 442 Mln to develop port Berbera in Somaliland.


People and Technology - Norwegian Yara and Kongsberg have partnered to build the first autonomous, zero emission container ship by H2/2018. London is looking for the ‘top maritime centre’ slot. Korea’s Hyundai Heavy and Bahri of Saudi Arabia have partnered to harness big data for the maritime industry.


Leisure and Cruise - German Port of Kiel has welcomed its biggest cruise ship of 2017. Cruise Tourism in Greece could contract by 15% this year. A river cruise tourism project is being implemented in India’s North Malabar, connecting rivers and backwaters.


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



Global Maritime Trade

Moody’s expect global shipping outlook to be stable
Hellenic Shipping News, 5 May, 5 minutes read
The global shipping outlook would be stable this year according to Moody’s. The signs of recovery in dry bulk and containership segments are expected to drive the stability in the global shipping outlook. The aggregate EBITDA of rating shipping companies are likely to remain steady this year compared to previous year. In 2016, the industry experienced a double-digit decline in EBITDA, but this year the earnings are expected to remain stable. Read More


US -China Trade deal making progress
The Wall Street Journal, 12 May, 4 minutes read
China has agreed to open its market to US for credit card companies, rating agencies and American beef, as the first step towards strengthening the trade relationship between the two countries. US agreed to send its delegates to China’s ‘One Belt, One Road” summit in Beijing held recently. A joint statement by the US & China included direct investment by Chinese entrepreneurs in the US. Read More


India and Italy looking to expand trade and economic ties
Moneycontrol, 12 May, 4 minutes read
India and Italy have discussed enhancement of trade and related issues, at 19th session of the Joint Commission for Economic Cooperation (JCEC), held in Rome recently. Bilateral trade between the countries stood at USD 8.8 billion in 2016-17, as against USD 8.28 billion in 2015-16. Read More


Maritime Infrastructure

India’s major ports grow 6% in Apr
Livemint, 16 May, 3 minutes read
Cargo traffic in India’s 12 major ports has increased by 6.27% with the increase in demand in the first month of the current fiscal year. The increased demand is from iron ore (up by 40%), coking coal (up by 15%) and containers (up by 9.78%). Kandla, Paradip and JNPT were the top three ports in terms of traffic volume. The 12 major ports of India handle approximately 61% of total cargo traffic of the nation. Read More


Russian ports see growth in throughput by 10.9% Y-o-Y in Jan-Apr17
Hellenic Shipping News, 13 May, 4 minutes read
Cargo handled by Russian seaports, has increased by 10.9% in Jan-Apr’17, when compared with the similar period in 2016. Transhipment of dry bulk cargo and liquid bulk cargo surged by 10% & 11.6% respectively, during the period. Export cargo totalled 197 million tonnes, while imports stood at 10.9 million tonnes. The Arctic Basin terminals cargo handled increased by 65.4%, while for Seaports of the Casppian Basin decreased by 48.5%. Read More


Global port operator ICTSI’s profit grows 23% in Q1/2017
BusinessWorld, 10 May, 7 minutes read
Manila headquartered port operator, International Container Terminal Services, Inc. (ICTSI) has witnessed a significant growth in their net income during the first quarter of 2017. The EBIDTA margins, for same quarter last year, also increased by 3% and reached 49%. The reasons of such growth were strong operating income. The company is looking for new growth opportunities to sustain its growth momentum. Read More




Port Connectivity

China-Europe rail, connects 27 Chinese and 28 European Cities
Livemint, 11 May, 5 minutes read
The China-Europe rail network will connect 27 Chinese and 28 European cities through 51 rail links offering shorter transit time than sea routes. This rail network is a part of China’s plan to revive its ancient trade routes from Asia to Europe and Africa through a massive rail and maritime network. The Chinese development bank has allocated USD 890 billion for 900 projects. Read More


India and Russia looking to expand cooperation in railways, inland waterways and IT
The Economic Times, 5 May, 4 minutes read
India is looking to enhance cooperation on railway transportation, inland water ways, IT and civilian aircraft production. India expects to replicate Russia’s Moscow’s experience in Ganga to improve inland water transportation. This will reduce the burden on Indian roads. Delhi and Moscow are engaged with a speed improvement project for an Indian train based on Russian technology. Read More


Japan is keen on collaboration to develop Chabahar Port, to lift regional connectivity
Hellenic Shipping News, 9 May, 6 minutes read
Japan is keen to invest in the development of Chabahar port recognizing the port as a vital port for regional connectivity. The Japanese government has been in discussion earlier for a role in the port project along with India and Iran. The nation also showed interest in collaborating on several projects in Asia and Africa. Read More


Shipbuilding

Indian Navy to acquire ships from private shipyards per new policy
DefenseNews, 4 May, 5 minutes read
The Indian Navy requires landing platform docks (LPD) to protect Indian Ocean region island territories and the territorial waters. Indian ministry of Defence (MoD) has decided to move towards private defense companies to source its all four LPDs. The timeline set for delivering first LPD is 8 years. Read More


India’s Engineering group Titagarh Wagons expands into Naval Shipbuilding
Jane’s 360, 10 May, 3 minutes read
Indian engineering group Titagarh Wagons Limited (TWL) has announced its plans to expand its defence portfolio. The company is investing in the development of naval shipbuilding capabilities and producing barges for the Indian Navy and research vessels for India’s National Institute of Ocean Technology. Read More


Damen shipyards showcases its new composite Water Bus
PortNews, 2 May, 6 minutes read
Damen shipyards has demonstrated its composite water bus at a recent event in its headquarters. The water bus will have less fuel consumption, less maintenance, durable structure and minimal vibration. Different designs of the Water Bus are available that can accommodate 20 to 120 passengers. Read More




Maritime Nation India news


Discussion on Collaborating to lift India as a Maritime Nation - Trade Lanes and Shipping at Maritime Natnio India


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 tradeshows for the maritime and logistics ecosystem.


The 2nd edition of Maritime Nation India is being held from 14th to 16th September 2017. The 3-day international tradeshow will provide a global platform for exhibitors and participants to explore business opportunities in the Indian Maritime Sector and we are happy to share that the Tradeshow has been receiving wide-ranging support from the industry and government. It has already received endorsement letters from India’s Minister of Shipping and Ports, Railways, DG Shipping and Federation of Import and Export Organisations (FIEO). A Major European Port and several Industry and Government Leaders have already confirmed participation.


Leaders from OpenPort - Hong Kong, South Asia Gateway Terminals - Colombo, have confirmed their participation to Maritime Nation India 2017.. To know more on Conferences, please visit: https://maritime-world.com/mni2017/Conference.html


Maritime weekly recently participated in the CMMI meeting on the MRV (Monitoring, Reporting & Verification) of CO2 emission and Implications of Ballast Water Management. Read the full report


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



Maritime Capital

Russia is looking for investment and trade links on China’s New Silk Road
VOA, 13 May, 6 minutes read
Emphasising its ‘Look East’ policy post western sanctions over its military involvement in Ukraine, Russia is now looking for investment and trade on China’s new silk road project – One Belt One Road (OBOR).Russia also wants to revive the Eurasian Economic Union by connecting it with OBOR. Russia-China trade has reached nearly USD 25 billion in the first quarter of 2017. China’s exports to Russia rose 22 percent while China’s imports from Russia were up 30 percent in the first four months of 2017. Read More


Navios Maritime of Greece creates new public company to invest in container ships
American Shipper, 12 May, 4 minutes read
Navios Maritime Holdings is creating a new public company - Navios Maritime Containers Inc, to raise funds for acquisition of 14 ships from Rickmers Maritime.The public company plans to raise USD 75 million through a private placement of 15 million shares of stock and two of the Navios Group companies will invest in the new enterprise. Navios group appears well positioned and continues to expand its footprint in containers shipping by acquiring both dry bulk and containerships. Read More


DP World would invest UDSD 442 Mln to develop port Berbera in Somaliland
Logistics Update Africa, 12 May, 4 minutes read
UAE-based DP World will invest upto USD 442 million as part of its 30-year port concession for the management and development of a multi-purpose port project at Berbera, Republic of Somaliland. The proposed investment would spend on the development of a 400-meter quay and 250,000 square meter yard extension as well as the development of a free zone to create a new regional trading hub. DP World’s investment in Port of Berbera is expected to highlight the commercial position and importance of the Port of Berbera as a Red Sea gateway for the Middle East and Africa. Read More



People & Technology

Norwegian Yara and Konsberg partner to build the first autonomous, zero emission containership by H2/2018
SPLASH 24/7, 11 May, 5 minutes read
Norwegian Yara International and Kongsberg have partnered to build the world’s first autonomous and zero emissions container ship. The vessel, ‘YARA Birkeland’, is expected to commence operations by the second half of 2018. The vessel will initially operate as a manned vessel, moving to remote operation in 2019 and is expected to commence fully autonomous operations from 2020. It is expected that the new zero-emission vessel would be a game-changer for global maritime transport, contributing to meet the UN sustainability goals. Read More


London is looking for ‘top maritime centre’ slot
Maritime Logistics Professional, 8 May, 4 minutes read
London has risen from the 6th place in 2015 to 5th place this year in the world’s top maritime centre – despite the uncertainty of Brexit, according to a report ‘Leading Maritime Capitals of the World report for 2017, prepared by a leading consultancy. Global Maritime cities like - Singapore, Hamburg, Oslo and Shanghai – have not found a place in the list of top-five in 2017. While exit from the European Union has caused uncertainty over Britain’s future, the report shows that London has remained resilient and is as competitive as ever, perhaps more so. Read More


Korea’s Hyundai Heavy and Bahri of Saudi Arabia to harness big data for the maritime industry
Maritime Logistics Professional, 9 May, 5 minutes read
The National Shipping Company of Saudi Arabia (Bahri) and South Korean Hyundai Heavy Industries (HHI) Group have inked a pact to harness Big Data and technological innovation in the maritime industry. The two companies have agreed to lay out comprehensive business plans to jointly evaluate the feasibility of launching new long-term projects, as well as bolster existing projects that have resulted from their close association over the years. The strategic deal would open several possibilities; including using Big Data technology to generate higher revenues and ensuring improved client satisfaction through real-time data and analysis. Read More


Leisure & Cruise

German Port of Kiel welcomes biggest ship of 2017
Cruise Industry News, 8 May, 3 minutes read
Port of Kiel has received, the MSC Fantasia, the largest cruise ship to call on the German port in 2017.The 138,000 GT cruise ship, which is 333 m long, will visit Kiel 21 times in 2017, using it as a turn port for North Europe cruises. It may therefore be seen that bigger cruise ships are now being brought into service in the Baltic. Read More


Cruise Tourism in Greece could contract by 15 % this year
Ekathimerini, 11 May, 4 minutes read
Cruise tourism activity in the Eastern Mediterranean, including Greece, is projected to decline about 15 percent in 2017 due to the recession in the region. However, the cruise tourism revenue is expected to be stable or even rise this year. It is believed that the domestic uncertainty, the migration crisis and terrorism in neighbouring countries, as well as the civil war in Syria and instability in Egypt, Lebanon and Israel, would force cruise companies and tour operators to change their destinations for 2017. Read More


Cruise Tourism Project being implemented in India’s North Malabar, connecting rivers
The Hindu, 10 May, 5 minutes read
To boost river cruise tourism in the state of Kerala, the government has drawn a blueprint - the Malanad-Malabar Cruise Tourism Project, to connect all the rivers and backwaters in Kannur and Kasaragod districts, with an estimated cost of USD 47 million. The project aims at attracting tourists, leveraging the unexplored waterbodies in the region. Read More



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