Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 25 Novmber 2016

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25 November 2016

Greetings from Maritime Weekly, a newsletter published by Apex Group for 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. Over 1000 senior executives and officials from the global maritime and logistics ecosystem benefit from the insights shared by Maritime Weekly.

What is topical this week

Asia Pacific Regional Cooperation leaders would re-assess trade priorities taking into account the leadership transition in the US and Dubai-India Trade touches 13 billion USD in the first half of 2016.

Indian port infrastructure market is expected to grow at CAGR of 9% during 2016-2025 and the Philippines government has approved the proposed 184 million USD mega port in the Cebu province. Abu Dhabi ports are pursuing Indian investors.

Major Indian steel companies can shift 40% of their steel movement to inland waterways and Bhutan is likely to review the road connectivity project- a part of BBIN-Motor Vehicle Agreement. India would invest 180 billion USD in port modernisation and connectivity through Sagarmala project.

Hundai Heavy would split into 6 firms by spinning off non–core shipbuilding businesses and EU Ship recycling regulations are being implemented.

In Maritime Nation India news, during the recent Maritime Nation India 20-22 September 2016 event, Maritime Weekly received encouraging feedback for short, sharp, neutral and useful analysis. The editorial Board is grateful for its increasing readership.

Investment of 12 billion USD is expected in Brazil ports over the next 25 years and a British investment fund has shown interest in taking over Korea’s STX Shipbuilding and a stake in its French Unit. Germany’s Duisport signs an agreement with China Merchants for Trans-Eurasian Projects under China’s ‘One Belt-One Road’ initiative.

Port of Virginia signed a 216 million USD deal to acquire automated cranes and Auckland port would automate terminal movements with 27 automated straddle carriers to be supplied by Terex. Nigeria is exploring the implementation of single window platform to automate port processes.

In the cruise section, we have news on American Cruise Lines building 3 new cruise ships and UK’s Solo holiday specialist announces river cruise itineraries from Russia to Vietnam which would include the India’sRiver Brahmaputra.

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

Global Maritime Trade

Asia Pacific Regional Cooperation leaders reassess trade priorities
The Wall Street Journal, 18 November, 9 minutes read
The Asia-Pacific Economic Cooperation accounts for half of global trade. In the aftermath of the leadership transition in the USA, countries in Latin America are expected to reassess priorities and have showed interest in the Regional Comprehensive Economic Partnership, a China-led free trade agreement of 16 countries. The move is expected to open the door for increased trade with China in the region.

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Dubai-India Trade touches USD 13 Bln in H1
Gulf Business, 20 November, 4 minutes read
India is one of the UAE’s largest trading partners. The total trade volumes between the two countries reached over 63 billion USD in 2014 and the trade during January-June, 2016 accounted for 7 per cent of Dubai’s total non-oil trade.

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Maritime Infrastructure

Indian Port infrastructure Market expected to grow at 9% CAGR till 2025
Market Watch, 18 November, 9 minutes read
As per TechSci Research report, the Indian port infrastructure market is projected to grow at CAGR of over 9% during 2016-2025. The report indicated, investments in ports and infrastructure. The National Perspective Plan will focus on ease of doing business and allowing 100% FDI provide a promising outlook for development and growth.

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Mega port development approved in Cebu province of Philippines
Port Strategy, 17 November, 4 minutes read
The Philippines government has approved the proposed 184 million USD investment in the new international container port in Cebu province. The relevant authority has also cleared six infrastructure projects for which the construction would begin in 2017 and the port is expected to be operational by 2020.

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Abu Dhabi ports pursue Indian investors
Trade Arabia, 20 November, 8 minutes read
Abu Dhabi Ports (ADP) has announced several projects offering growth potential for investors. The Indian business leaders were invited at an event to present growth opportunities created by ADP's latest development projects and plans. India is the UAE's third largest trading partner.

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Port Connectivity

Major Indian steel companies can shift 40% of their steel movement to inland waterways.
The Financial Express, 20 November, 9 minutes read
The port-led development of coastal areas under Sagarmala project aims to harness India’s 7500 km coastline and 14500 km of navigable waterways. As per an assessment, India’s top steel companies, SAIL, Tata Steel and JSW could easily shift 40% of their goods movement to waterways. To encourage shippers, the government is planning to provide freight incentives.

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Regional road connectivity project BBIN to be reviewed by Bhutan
Business Standard, 19 November, 7 minutes
The four nations signed the Bangladesh-Bhutan-India-Nepal (BBIN) motor vehicle agreement (MVA) in June-2015. Bhutan National Council (NC) rejected the agreement on the grounds of unregulated traffic. Earlier, taxi drivers in Bhutan filed a petition against the MVA, as it would allow taxis from neighbouring countries to flood Bhutan. India hoped that Bhutan would join the pact as the enabling regulations are in place.

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India to invest USD 180 Bln on prort modernisation, connectivity through Sagarmala project
JOC, 11 November, 9 minutes
As per Indian government report on ‘Sagarmala Investment Program’, 180 billion USD would be spent on various projects. The projects include, 142 expansion projects at various ports, 6 new ports at Vadhavan, Enayam, Sagar, Paradip-Harbour, Sirkazhi and Belekeri, 52 port-rail projects, 79 highway projects, 14 Coastal Economic Zones and 29 industrial clusters.

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Hyundai Heavy to split into 6, spinning off non –core shipbuilding businesses
SeaTrade Maritime News, 16 November, 7 minutes read
The non-shipbuilding segments of electric systems, construction equipment, robotics, green energy and integrated AS unit would be separate business entities. The company expects to complete the procedure by April, 2017 and will retain its core businesses of shipbuilding, offshore and machinery plant. Hyundai Heavy had sold or liquidated its non-performing units earlier.

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EU Ship recycling regulation being implemented
Hellenic Shipping News, 17 November, 6 minutes
The Department of Merchant Shipping in a circular to owners and managers of ships advised about the procedures of implementing the EU Ship Recycling Regulations. The regulation applies to ships of 500 gross tonnes and above of an EU member. It summarises the control of hazardous materials, surveys and recycling guidelines.

Read More

Maritime Nation India news

Maritime World Services conducts South Asia’s leading exhibition and conference for the maritime and logistics ecosystem: Maritime Nation India.This event was held for the first time in New Bombay and was very well received by over 2000 visitors and over 40 exhibitors. Maritime Nation India 2016 featured twelve conferences over three days.

The Maritime Nation India initiative is presented by Maritime Weekly, a member of Apex Group that is founded by an Industry leader who has contributed to the government and to the industry in multiple countries. During Maritime India 20-22 September 2016 event, Maritime Weekly received very good feedback for its short, sharp, neutral and useful analysis. The editorial Board is grateful for its increasing readership.

Taking forward the overwhelming response of Maritime India 20-22 September 2016 and the good feedback, the 2nd edition of Maritime Nation India is being held at the same venue from the 14 th to the 16 th September 2017. This 3-day international exhibition and conference would provide a unique global platform for exhibitors and other participants to demonstrate their expertise and explore business opportunities in the Indian Maritime Sector.

We will keep the readers updated on key developments and events that Maritime Weekly supports.

Maritime Capital

Investment of USD 12 Bln expected in Brazil ports over the next 25 years.
JOC, 18 November, 8 minutes read
Brazil’s port and infrastructure need upgrades. The planned new port concessions and contract extensions would attract about 12 billion USD investment towards Brazil ports over the next 25 years. A government industry partnership could speed up investments.

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British investment fund interested in taking over Korea’s STX Shipbuilding and its French Unit
Hellenic Shipping News, 16 November, 5 minutes read
STX Shipbuilding has been placed under court receivership as it incurred huge operating loss in past years due to slump in the industry. A British investment fund has offered to buy STX Shipbuilding and a 66.7% stake in its French unit. The total offer values the target business at 852 million USD.

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Germany’s Duisport signs agreement with China Merchants for Trans-Eurasian Projects
Container Management, 20 November, 7 minutes
The collaboration is a part of China’s efforts to establish worldwide partnerships for its “One Belt, One Road” initiative. China aims to enhance connections between main industrial cities and commercial hubs across Europe, Asia and the Middle East.

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People & Technology

Port of Virginia signs USD 216 Mln deal with Konecranes to acquire automated cranes.
Transport Topics, 15 November, 6 minutes read
The 217 million USD agreements for 86 automated stacking cranes is one of the largest one-time orders for automated cranes. These cranes would be used for taking containers on or off the trucks and move them safely and efficiently across 2 terminals.

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Auckland port, automating terminal movement with 27 automated straddle carriers from Terex
American Journal of Transportation, 15 November, 10 minutes read
Germany’s Terex Port Solutions (TPS) would supply 27 new, fully automatic diesel electric straddle carriers for Ports of Auckland by mid-2019. They will be used in container stack yards. TPS would also upgrade existing 21 manual straddle carriers. The order includes supply of sub-systems and software required for operations.

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Nigeria exploring single window platform to automate port processes.
Business Day, 9 November, 5 minutes read
The Nigerian ministry plans to automate port procedures which include vessel reception, cargo handling and clearances. The plan, when materialises, would help Nigerian importers and businesses by saving time and reducing demurrage charges.

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Leisure & Cruise

American Cruise Line to build 3 new cruise ships.
Travel Agent Central, 10 November, 5 minutes read
The first one to be delivered in May-2017, ‘American Constellation’, with green propulsion technology and has the capacity of 170 passengers. Another cruise ship would be completed in 2018 and the third one at a later stage.

Read More

UKs Solo holiday specialist announces river cruise itineraries including in India
Express, 26 October, 10 minutes read
Solo holiday specialist has announced river cruise itineraries to 18 countries from Russia to Vietnam and along 13 rivers. The river cruise itineraries include a cruise along the River Brahmaputra through India's Assam region.

Read More

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