Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 28 Octomber 2016

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28 October 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.

What is topical this week

Diplomatic efforts continue to save the proposed EU-Canada trade pact The ‘World Maritime Day’ theme for 2016 is: ‘Shipping: indispensable to the world’. India’s exports are showing recovery this year.

Cosco Shipping Ports, Quingdao Port Development Co and APM Terminals would operate Italy’s Vado Terminal and Pakistan’s Gwadar port is now operational.Geopolitics could be hampering the deep-sea port development in Bangladesh.

Ports in India are being persuaded to reduce rail handling charges and inland waterways are expected to be a game changer for port connectivity in India.

India’s debt ridden ABG Shipyard would sell a stake to a Russian company and Mitsubishi Heavy Industries Ltd would scale down shipbuilding operations.

In Maritme Nation India news, we learn that plans for Maritime Nation India 2017 have already taken off and we invite our readers to visit our evolving website and share your feedback.

Argentina would invest 1.2 billion USD to improve ports for agri-exports and Belgium hopes to become a member of the Asian Infrastructure Investment Bank next year.

In the automation and training section, we bring you news of an international forwader that has made the first public use of blockchain technology to streamline VGM process in shipping. Abu Dhabi ports launched digital vessel operations to facilitate trade.

Virgin Voyages have finalized orders for 3 cruise ships to be built by Italy’s Fincantieri and India’s Cochin port expects 47 cruise calls in this financial year.

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

Global Maritime Trade

EU negotiators working on salvaging the trade deal with Canada
MailOnline, 22 October, 17 minutes read
Diplomatic efforts to save the proposed EU-Canada trade pact continues. The proposals were held up as the Belgian administration was concerned that the deal could impact the labor environment, consumer standards and allow multinationals to crush local firms. The pact needs unanimous support within the EU.

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Shipping remains indispensable to the world
Global Trade, 17 October, 9 minutes read
International Maritime Organization (IMO) and the maritime community celebrated the annual World Maritime Day on September 29. Each ‘World Maritime Day’ has a theme. For 2016, the theme is ‘Shipping: indispensable to the world’. According to the United Nations Conference on Trade and Development (UNCTAD), 80% trade by volume is carried by sea.

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India’s exports showing signs of recovery.
Bloomberg Markets, 18 October, 23 minutes read
As per a government report, exports rose to 4.6% in September-2016, the most since November 2014. Maersk Line data from 17 ports also indicated 11% growth in overseas shipments in first half of 2016. The signs of a turnaround are due to competitive production, labor costs and a push by the government to streamline bureaucracy.

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Maritime Infrastructure

Cosco Shipping Ports , Quingdao Port Development Co and APM Terminals to operate Italy’s Vado Terminal
Port News, 19 October, 10 minutes read
APM Terminals has signed two agreements, one with COSCO Shipping Ports and another with Qingdao Port International Development (Hong Kong) Co. Both the agreements include interests in the existing Reefer Terminal in Vado and the new 800,000 TEU capacity deep-water terminal under construction. APM Terminals will have 50.1% share in both the terminals.

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Pakistan’s Gwadar Port is now operational
Just International, 21 October, 28 minutes read
Gwadar port is at the centre of 46 billon USD China-Pakistan Economic Corridor(CPEC), a 3000 kilometres long project between Beijing and Islamabad. Recently, the first Chinese ship docked at Gwadar.

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Geopolitics could be hampering deep sea port development in Bangladesh
Prothom Alo, 20 October, 11 minutes read
Competition among India, Japan and China to provide finance for a deep-sea port has slowed down the implementation of the much-needed infrastructure. More than 90 per cent of its foreign trade and all containers are currently handled by Chittagong port.

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Port Connectivity

Ports in India are being persuaded to reduce rail handling charges.
JOC, 18 October, 14 minutes read
India’s Shipping ministry has advised port authorities to lower the port handling charges and make the road and rail handling rates at par, to facilitate intermodal shift. JNPT , India’s largest container port , would soon seek approval for a downward revision in rail handling charges. Due to high gross charges, shippers prefer to move their containers by roads.

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Inland waterways to be a game changer for connectivity in India
Business standard, 18 October, 14 minutes read
Inland waterways would reduce the transportation cost, ease road congestion, reduce pollution and give a boost to tourism. According to India’s Shipping Minister Nitin Gadkari , at present there are 5 inland waterways and the government has identified 106 more. Further, hovercrafts and amphibious buses would be introduced to enhance the use of inland waterways.

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Russian firm to rescue debt ridden Indian shipbuilder
Russia & India Report, 21 October, 9 minutes read
Mumbai based naval shipbuilder, ABG shipyard would sell a stake to a Russian firm, with whom talks are underway. Due to reduced level of business, low turnover and increased interest cost, the company reported the loss of 557 million USD and incurred debt of 2.5 billion USD in last financial year.

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Mitsubishi Heavy to Scale Down Shipbuilding Operations
The Wall Street Journal, 12 October, 24 minutes read
Mitsubishi Heavy, Japan’s fourth-largest shipyard in terms of capacity, works mainly on Japanese shipping companies’ orders. These companies have halted demands after heavy losses. Mitsubishi Heavy Industries Ltd. now plans to shrink its shipbuilding operations. The Japanese yards recorded 80% of decrease in orders this year.

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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 received very promising feedback from over 2000 visitors and over 40 exhibitors.Maritime Nation India 2016 featured twelve conferences over three days. These included seven conferences around each of the seven maritime and logistics segments, also covered in this newsletter and five conferences leveraging the event as a platform, conducted by industry associations and the maritime & logistics community on key themes including: Goods & Service Tax (GST), Authorised Economic Operator (AEO), Single Window Implementation for exports & imports etc.

One of the highlights of the conference was the International North South Transport Corridor (INSTC)International Conference 2016, conducted by the Federation of Freight Forwarders of India (FFFAI). Maritime Nation India 2016 had participants from 10 countries, over 60 speakers from the government and from the industry and promises to continue to ‘help the maritime ecosystem achieve more”..

We are happy to share that Maritime Nation India 2017 has already started gaining the momentum as some of the industry stalwarts has confirmed their continued participation for 2017 as an Advisors.

This week we are happy to share that the new website for Maritime Nation India 2017 is live now with the highlights of Maritime Nation India 2016. We encourage the readers to check out the new website at and share their comments with the editorial team.

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

Maritime Capital

Argentina investing USD 1.2 Bln to improve ports facilitating agri-exports
Xinhua net, 21 October, 9 minutes read
Argentina is the largest exporter of soybean meal and soybean oil in the world . The ports of the Greater Rosario region are the country's main agricultural export base. The investment would improve the agricultural processing plant at Timbues and would expand the ports' handling capacity from 5,000 tons to 12,000 tons of goods a day..

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Belgium expects to join the Asian Infrastructure Investment Bank ( AIIB)
CRI English News, 21 October, 7 minutes read
The ‘Belt and Road’, a China initiative program involves 60 countries which represent over half of global GDP. Belgium is strategically located in Europe in the 'belt and road' plan. To benefit from this initiative, Belgium hopes to become a member of the Asian Infrastructure Investment Bank next year.

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People & Technology

First public use of blockchain technology to streamline VGM process in shipping
Global Trade, 19 October, 14 minutes read
Marine Transport International (MTI) started using the blockchain technology and services. MTI is a freight forwarder based in UK-USA and provides technology based freight forwarding solutions worldwide The technology will be used within its SolasVGM product, which enables secure shipping container information. MTI has become the first to deploy this technology in the industry..

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Abu Dhabi ports launches digital vessel operations to facilitate trade
Stat Times, 22 October, 12 minutes read
Using the new system, vessels arriving at Abu Dhabi ports would process the formalities and exchange digital information with the port community. The system includes vessel registration, voyage declaration, vessel call requests, port clearance request, marine services and berth shifting. The shipping agents were trained in the vessel management training module earlier.

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Leisure & Cruise

Virgin Voyages finalises orders for 3 cruise ships to be built by Italy’s Fincantieri
Cruise & Ferry, 19 October, 13 minutes read
Virgin Voyages is expected to finalize financial package with Bain Capital Private Equity and Virgin Group. The company would be the first cruise line to adopt clean energy system in partnership with Climeon. Virgin Voyages’ first ship will arrive at Port Miami in 2020 with a range of Caribbean itineraries.

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India’s Cochin port expects 47 cruise calls in this financial year.
The Hindu, 23 October, 2 minutes read
With the highest no. of cruises this year, 11 have come already and 36 are expected in the coming months. The arrival of cruises at the port declined to 33 last year. Medium-size cruise ships call at the BTP berth and the larger cruises berth at the Ernakulam Wharf. Government of India has finalized a standard procedure for hassle-free immigration and other benefits for cruise travellers.

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