Business Insights From The Maritime And Logistics Ecosystem – Maritime Weekly 10 November 2017




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Maritime Weekly
Business insights for maritime and logistics executives.

10 November 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 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

           
           

What is topical this week

Trade Lanes - Britain becomes China’s 2nd Largest trading partner in the EU; Charter rates for LNG Shipping have risen on spot demand and limited availability; Developing nations could be impacted by the consolidation of the container shipping industry, as per a UNCTAD report

Maritime Infrastructure - India transported its 1st cargo shipment to Afghanistan via Iran’s Chabahar Port; Japan and Indonesia would sign a USD 1.7bln agreement to develop Patimban port; India’s Kolkata Port Trust would develop 2 ports in Tajpur and Sagar

Multimodal Connectivity - The global barge transportation market size is estimated to surpass USD 170bn by 2024; China would build Hi-Speed freight trains; Development of Inland Waterways can help improve freight movement in Bangladesh-Bhutan-India-Nepal (BBIN) countries

Shipbuilding - Shipbuilding contracts for auxiliary vessels for the UK fleet would be open to foreign yards per EU rules; US Shipbuilder-Horizon Shipbuilding has filed for bankruptcy protection; Indian government has issued new guidelines for shipyards seeking subsidy

Maritime Exhibitions, Conference and Conversations - The recently concluded Maritime Nation India 2017 tradeshow included 15 conferences with 80 speakers, 50 exhibitors and 3500 visitors, proactive participation by industry associations, charity dinner for seafarers, a round table of supply chain leaders and launch of a start-up incubator for the logistics technology sector. Building on the overwhelming response of Maritime Nation India September 2017, the 3rd edition of Maritime Nation India is being held at the same venue from the 20th to 22nd September 2018.

This week we are privileged to welcome TOGY of Istanbul, Turkey and Matrix Maritime Media as the media partners for Maritime Nation India 20-22 September 2018

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

Maritime Capital - DP World is looking to invest in the Ukrainian Port Industry; Cebu Port of Philippines is looking for South Korean investment; COSCO Shipping has launched a cash buyout of logistics firms

People and Technology - MPA Singapore and Shell have partnered to develop clean fuels technology, automation and digitisation; Samsung Heavy Industries has deployed smart tanker technology for newbuilds; A standard has been developed for Cybersecurity of connected vessel components

Leisure and Cruise - Abu Dhabi expects 346,000 cruise tourists to visit in 2017-18, and increase of 5%; Genting Cruise Lines would develop an island port in Myanmar; The 1st Virgin Voyages ship would only allow cruise passengers above 18 years

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


Global Maritime Trade

Britain becomes China’s 2nd Largest trading partner in EU



Express, 3rd November, 10 min read

UK achieved a massive £55 billion of trade with China in 2016, rocketing up to become Beijing’s eight biggest economic partners in the world. Only the EU’s manufacturing powerhouse Germany carried out more trade with the country last year. The new figures provide encouraging signs for Britain as it prepares to leave the EU and forge a new future for itself. Read More

Charter rates for LNG Shipping rise on spot demand and limited availability



Hellenic Shipping News, 4th November, 7 min read

Strong demand for LNG spot cargoes and the limited availability of vessels is pushing up charter rates in both the Asia Pacific and Atlantic regions, providing a boost to the LNG shipping market. In early October, Shell had chartered around six to seven vessels across both the Atlantic and Pacific basins. Read More

Developing nations could be impacted by the consolidation of the container shipping industry

The Maritime Executive, 29 th October, 10 min read

Growing consolidation in the container shipping market may lead to oligopolistic structures and in many developing countries’-markets, there are effectively only three or even fewer suppliers left. The regulators would need to monitor developments in container shipping mergers and alliances to ensure there is competition.Read More

Maritime Infrastructure

India transports Ist cargo shipment to Afghanistan via Iran’s Chabahar Port



The Economic Times, 30th October, 10 min read

Iran's strategic port-Chabahar became operational with the first shipment of wheat from India to Afghanistan, flagged off on Sunday by the foreign ministers of the three countries through video-conferencing recently. This is a significant move for India's Afghan outreach, under the 2016 Indo-Afghan-Iran trilateral pact. Read More

Japan, Indonesia to sign USD 1.7bln agreement to develop Patimban port



Antara News, 2nd November, 9 min read

Representatives of the two sides have endorsed the detailed engineering design and administrative process related to the first phase of the construction of the port. The Indonesian government is set to start the construction of the port early next year. Read More

India’s Kolkata Port Trust is to develop 2 ports in Tajpur and Sagar



Mumbai Mirror, 2nd November, 2 min read

Two deep sea ports would be developed in both Tajpur and Sagar islands of West Bengal by Kolkata Port Trust (KoPT). for which feasibility study will soon commence. Post the feasibility study a tender will be floated to appoint consultant. Read More



Port Connectivity

The global barge transportation market size is estimated to surpass USD 170bn by 2024

Seatrade Maritime News, 2nd November, 11 min read

Rising demand of petrochemical shipments across the world and increasing crude oil demand especially from developed countries including the US and Japan is expected to further escalate the growth of barge transportation over the next few years. Dry cargo will account for highest barge transportation market share over USD 79bn till 2024. Read More

China to build Hi-Speed freight trains


Caixin, 3rd November, 6 min read

CRRC Corp- China’s leading train maker, plans to develop high-speed freight trains at speeds of up to 250 kph, looking to take advantage of a national network of tracks for bullet passenger trains. As China’s logistics industry grows more modern, CRRC expects to develop a new source of revenue with high-speed freight trains Read More

Development of Inland Waterways can help Bangladesh-Bhutan-India-Nepal (BBIN) countries



Katmandu Post, 28th October, 9 min read

The development of infrastructure being done to connect inland waterways of India and Bangladesh could not only ease the transport movement between the two countries, these could also translate into swifter and less expensive freight movement to Nepal and Bhutan.
Read More

Shipbuilding

UK fleet shipbuilding auxiliary vessels open to foreign yards per EU rules



Breitbart, 4th November, 9 min read
Shipbuilding contracts to build three 40,000 tonne Royal Fleet Auxiliary (RFA) vessels would be subject to open competition because these are not-warships British worker unions apprehend not seeing the benefits from shipbuilding contracts even when they are awarded to UK firms, with the management, bringing in lower cost labour from eastern EU member-states. Read More

US Shipbuilder-Horizon Shipbuilding files for bankruptcy protection


MarineLog, 31st October, 7 min read

Horizon Shipbuilding was one of two shipyards selected to build a fleet of 150-passenger catamaran vessels for ferry service for New York City. However, project revenues were not sufficient for Horizon to continue normal day to day operations, the forecasted shortfalls were brought to the forefront early in the project and discussions have been ongoing since then without resolution Read More

Indian government issues new guidelines for shipyards seeking subsidy

Business Line, 2nd November, 5 min read

Under the updated guidelines, the number of days available with the shipyards to apply for subsidy under the policy, as well as to obtain and submit valuation reports of the ships, have been increased. Further, the updated web application also generates a wider choice of international valuers by whom the valuation of a vessel can be carried out. Read More


Maritime Exhibitions, Conferences and Conversations

Participants at the panel discussion on Collaborating to increase the efficiency and velocity in the maritime ecosystem - Automation & Training

Maritime Nation India 2017 and the Maritime Nation India Awards 2017 included 15 conferences. with 80 speakers, 50 exhibitors and 3500 visitors, proactive participation by industry associations, charity dinner for seafarers, a round table of supply chain leaders and launch of a start-up incubator for the logistics technology sector.

Taking forward the overwhelming response of Maritime Nation India September 2017, the 3 rd edition of Maritime Nation India is being held at the same venue from the 20 th to the-22nd September 2018. This 3-day international exhibition and conference would provide a unique global platform for exhibitors and participants to demonstrate their expertise and explore business opportunities in the Indian Maritime Sector and is already receiving enquiries. Ref https://maritime-world.com/mni2018/

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

This week we are pleased to announce the continuation of The Oil & Gas Year (TOGY) headquartered in Istanbul, Turkey, as our Media Partner for Maritime Nation India 20-22 September 2018. TOGY is involved in industry-defined publications on the world’s emerging and established oil and gas markets for 10 years. The Oil & Gas Year has also launched an interactive digital business intelligence platform that brings its readers and contributors together in a new data-rich environment.

Further this week we are pleased to welcome Matrix Maritime Media as our Media Partner for Maritime Nation India 20-22 September 2018. Matrix Maritime Media’s website provides real time news and updated events of the entire shipping industry and an easy access to its Maritime Directory Section

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


Maritime Capital

DP World Looking to invest in the Ukrainian Port Industry



UkrAgroConsult, 3rd November, 3 min read
DP World, the global port operator has confirmed its interest in investing in the Ukrainian port industry and is looking forward to further successful implementation of the projects in Ukraine. Ukraine also plans to privatize state-owned enterprises. Read More

Philippines- Cebu Port is looking for South Korean investment




Business Enquirer, 2nd November, 9 min read

The Philippines government is eyeing financing from South Korea for at least two flagship infrastructure projects to be rolled out under the “Build, Build, Build,” program, that includes rolling out 75 flagship, “game-changing” projects, with about 50 per cent, targeted to be finished within the term of President Duterte. Read More

COSCO Shipping has launched cash buyout of logistics firms


Straits Times, 4th November, 8 min read


Cosco Shipping International has initiated a USD 490 million cash buyout of logistics firm Cogent Holdings and also plans to buy an Indonesian shipping company for USD14 million, also with cash. This signals that logistics business could be Cosco's new focus. Read More

People & Technology

MPA Singapore and Shell partner to develop clean fuels technology…


Hellenic Shipping News, 2nd November, 4 min read
The Maritime and Port Authority of Singapore (MPA) and Shell Eastern Trading have recently signed a Memorandum of Understanding, to cooperate in the research and development and test-bedding of projects within the maritime industry in areas of clean fuel technologies, automation and digitalisation. The collaboration would include, developing innovative solutions to reduce emissions in the port, exploring greater use of automation in the port and supporting the study and development of digitalisation efforts, including electronic data exchanges among various stakeholders, to enhance safety, efficiency and security of maritime communication. Read More

Samsung Heavy Industries deploys smart tanker technology for newbuilds


Tanker Shipping & Trade, 1st November, 6 min read

Samsung will incorporate BMT Group’s smart ship performance monitoring on four VLCCs and seven other tankers, including Suezmax and Aframax ships, it has under construction. BMT Smart is providing Samsung with its modular vessel performance monitoring solution, Smart Vessel, that collects analogue and serial data feeds before transferring this information to BMT’s cloud-based performance monitoring solution. The data is then interpreted by experts to determine true underlying performance of the vessels. Read More

Standard developed for Cybersecurity of connected vessel components

Port Technology International, 3rd November, 9 min read

As the shipping industry digitalizes, vessels are becoming complex hubs of connected systems and sensors that generate and exchange data both onboard and back to shore. Classification society DNV GL has teamed up with Kongsberg, to create a new type approval programme that can assess the cyber security of control system components used in connected vessels. Read More

Leisure & Cruise

Abu Dhabi expects 346,000 cruise tourists to visit in 2017-18



Arabian Business, 4th November, 7 min read
The cruise tourism sector of Abu Dhabi is expected to see growth of 5 percent in the coming season with 346,000 passengers set to visit the emirate. The rise in the projected passenger figures follows from a series of initiatives taken to develop Abu Dhabi’s cruise sector as a primary niche product in its economic diversification strategy Read More


Genting Cruise Lines to develop island port in Myanmar



Cruise Industry News, 3rd November, 6 min read

Genting Cruise Lines has recently signed an agreement with Tint Tint Myanmar Group to jointly develop cruise facilities at MacLeod Island in Myanmar. Genting Hong Kong looks at Myanmar as an important developing market in Asia and has spearheaded several projects in the region including in Guangzhou Nansha in China and Danang, Vietnam. Further, Star Cruises celebrated the inaugural arrival of SuperStar Libra to MacLeod Island recently. Read More

The 1 st Virgin Voyages ship would only allow cruise passengers above 18 years



India.Com, 3rd November, 8 min read
The keel-laying ceremony of the first ship of Virgin Voyages, set to sail in 2020, was held recently in Genoa, Italy. The ship is planned to have more than 93 percent of cabins with an ocean view and 80 percent boasting of a terrace, however in a departure from norms, kids won't be invited on this ship. Read More


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