Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 7 October 2016

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7 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

China eyes progress for free trade area at APEC and the global shipping industry is adapting to a low cyclical growth. Walmart aims to invest in warehouses to compete with Amazon.

The visiting Sri Lankan Prime Minister wants Indian companies to develop ports and infrastructure in Sri Lanka and a new model for development in Nigeria is building smart cities around ports. Abu Dhabi ports achieve key milestones.

South Africa is looking to improve port-rail connectivity to benefit trade and the Indian government approves 77.4 million USD for proposed Sagar port and connectivity project in the upper east coast.

China shipping to merge shipbuilding arm with COSCO as the ship orders hit record lows and India’s L&T Shipbuilding eyes 140 million USD orders in 3 years.

In Maritime Nation India news, the maiden edition of Maritime Nation India 2016 witnessed an overwhelming response and we are thankful to all our readers for their support. Considering the response, the organizers are working on an even better event next year and would announce the dates for Maritime Nation India 2017 shortly.

In the proposed investor’s summit, India would pitch for Chahbahar port and China Investment Corporation invests 7.3 billion USD in Australian port of Melbourne .

China’s CIMC Raffles would develop unmanned ships and Indian government port Chairmen will visit the private Adani Mundra port to study best practices.

Carnival Corporation announced an agreement for the world’s first LNG fuelled ships and India’s Goa welcomes Mariner of the Seas cruise ship.

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

Global Maritime Trade

China eyes progress for free trade area at APEC
Reuters, 6 October, 14 minutes read
The Free Trade Area of the Asia Pacific (FTAAP), the trade liberalization framework, was proposed by China and China hopes to push it ahead at the Asia Pacific Economic Cooperation (APEC) summit to be held next month in Peru.

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The shipping industry is adapting to a low cyclical growth
The Bulletin Panama, 3 October, 18 minutes read
The maritime industry, facing slow growth, has lead to make adjustments. The focus on the trends of prices, slowdown in China, lifting of sanctions on Iran, data availability and demographics could provide successful strategies.

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More warehouses and faster shipping – Wal-Mart’s next move against Amazon
CNBC, 6 October, 23 minutes read
Wal-Mart owns 4,600 stores in the United States and 6,000 stores worldwide and still lags behind Amazon in e-commerce business. In a bid to narrow this gap, Wal-Mart would increase the investment and plans to double the number of warehouses to 10, dedicated to the online sales, by the end of 2016.

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Maritime Infrastructure

Sri Lanka keen to have Indian Companies develop ports
Business Standard, 5 October, 9 minutes read
Presently, India plays a vital role in Colombo Port, accounting for 70 to 75% of its trans-shipment business. The visiting Sri Lankan Prime Minister wants Indian companies to develop ports in Sri Lanka and discussed the prospects of building two to three ports in Sri Lanka.

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Smart cities around ports- A model for development in Nigeria
Hellenic Shipping News, 6 October, 28 minutes read
So many communities in Nigeria are surrounded by water. Therefore, the focus for a model of development in Nigeria includes ports to become commercial and tourist hubs. The smart development plans would include and link ports, maritime transportation and tourism installations.

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Abu Dhabi ports achieves key milestones
Trade Arabia, 6 October, 13 minutes read
Safeen, the marine service subsidiary, supports the port operations across Abu Dhabi has achieved a milestones reinforcing Abu Dhabi Ports’ expansion. Safeen received the ISO 14001: 2004 for environmental management and the OHSAS 18001: 2007 by Lloyd’s of London for occupational health and safety.

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Port Connectivity

Improved port rail connectivity to benefit trade in South Africa.
BizCommunity, 6 October, 11 minutes read
Rail operators and industry experts from Africa and abroad would meet in Durban to learn, network and discuss the best practices to improve port connectivity with rail networks. The forum will discuss the issues of rail upgrade to decrease logistics costs and enhance the efficiency of rail through connecting them to ports.

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India –government approves port and connectivity project for Sagar Port
Marine Link, 6 October, 10 minutes read
As a part of efforts by the Ministry of Shipping for the development of this port, Indian Government has approved 77.4 million USD for the proposed Sagar Port project in West Bengal. The work to prepare a Detailed Project Report (DPR) for the port, involving studies for shore-protection, land reclamation and physical modeling for dredging is underway.

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China Shipping to merge shipbuilding arm with COSCO
Wall Street Journal, 6 October, 9 minutes read
The combination would create China’s third biggest shipbuilding group after the merger. The merger of 11 shipbuilding yards into a single entity, one of the industry’s biggest consolidation moves as the ship orders hit record lows. The move is expected to be announced by early next year.

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India’s L&T Shipbuilding eyes USD 140 Mln orders
The Economic Times, 25 September, 7 minutes read
With the government now opening the defense sector to private player, L&T Shipbuilding expects sizable orders from Navy. The government’s focus on overall national security and ocean regions may drive growth of the sector. The company has two facilities, at Kattupalli near Chennai and Hazira in Gujarat. The company also expects to get orders for Landing Platform Docks(LPD).

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Maritime Nation India 20-22 September 2016 news

Maritime Nation India September 20-22, 2016 was successfully held in the CIDCO exhibition and convention centre at Navi Mumbai. It was attended by over 2000 visitors over the three days and received excellent feedback from the panelists and exhibitors for the quality of content, the composition of the panels and the venue. We would be sharing some of the key takeaways from the sessions along with Maritime weekly over the coming weeks.

The event was inaugurated by Mr Deepak Shetty, Director General of Shipping, Ministry of Shipping, Government of India. Other dignitaries, including Air Cmde Ranjan Mukherjee, Additional Director General, Prasar Bharti and the founders of Maritime World Services were present at the inauguration ceremony.

The theme for the event, for the conferences and how stakeholders are leveraging the Maritime Nation India platform was covered in the welcome address by Mr Subhasis Ghosh, Managing Partner, Apex Group and co-founder Maritime World Services.

The maiden edition of Maritime Nation India 2016 witnessed an overwhelming response from the maritime industry. Seven interactive conference sessions representing the seven maritime clusters and five special business sessions conducted by industry and business groups including session on International North South transport Corridor were the major highlights of the event. Mr. Sanjay Bhatia – Chairman , Mumbai Port Trust, Mr. Neeraj Bansal - Dy. Chairman , JNPT, Mr. Rajendra Kumar Meena Joint Commissioner (IT) Central Board of Excise & Customs, Department of Revenue, Ministry of Finance, Mr. Niraj Ambani - President - Group Logistics, Reliance Industries, Mr. Arun Kumar Gupta - Managing Director , India Ports Global and Rear Admiral S.N. Ghormade - Flag Officer Commanding, Maharashtra Naval Area were amongst the dignitaries who graced the event with their participation. Considering the overwhelming response and requests from the participants and industry, the organizers are working on an even better event next year and would announce the dates for Maritime Nation India 2017 shortly.

Maritime Capital

India to pitch for Chahbahar port at investors summit
Hellenic Shipping News, 3 October, 19 minutes read
The procedures to invest in the Chahbahar port would be formalized followed by India to host a conference of investors to apprise of the economic importance of the Chahbahar port and free trade zone (FTZ). The development offers India to trade with Afghanistan and central Asia through Iran without depending on Pakistan.

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China Investment Corporation making a USD 7.3 Bln investment in Australian port of Melborne
Hellenic Shipping News, 13 September, 19 minutes read
Port of Melbourne's A$9.7 billion price and 25-times earnings reflect in its demand for assets. Earlier, Australia's government did not entertain a bid by State Grid Corp. of China for the reasons of control on electricity network on the security grounds. China Investment Corp(CIC) has won a bid of 7.3 billion USD for the Port of Melbourne recently. Read More

People & Technology

China’s CIMC Raffles is looking to develop unmanned ships
SPLASH24/7, 22 August, 6 minutes read
In association with Shanghai-based GIS Venture Partners, China International Marine Containers (CIMC) Raffles would develop unmanned ships. They will jointly establish an R&D team for unmanned ships and subsea robots, could be used in offshore oil & gas and wind fields. GIS Venture Partners is an investment firm with interests in artificial intelligence, biological science and advanced materials.

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India-Government port chiefs to visit Adani’s Mundra terminal to learn best practices
Hellenic Shipping News, 27 September, 11 minutes read
After port chairmen’s visit to Singapore, shipping ministry directed them to visit Mudra port, the largest private port in India run by Adani Group. One of the innovations adopted by Mundra port is the mechanism to operate cranes from central control room. They also have a robust system of monitoring. Twelve government ports of India handle about 55% of India’s external trade by volume.

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Leisure & Cruise

Carnival Corporation announces world’s first LNG powered ships
CruiseNews UK, 3 October, 12 minutes read
As per agreement, the two ships, built by Carnival Corporation, would be fueled by Shell with LNG throughout the itineraries. The vessels, equipped with dual-fuel engines, are the new generation cruise ships and fully powered by LNG. The development is an environmental breakthrough which could improve air quality with cleaner emissions.

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India- Goa welcomes Mariner of the Seas
Travel Daily India, 27 May, 4 minutes read
The Mariner of the Seas started from Dubai to Singapore with port calls at Goa, Kochi, Penang and Kuala Lumpur. About 2,947 passengers and 1,197 crew members arrived at the Goa port. They were greeted with traditional Goan music and dance, organized by the state tourism board.

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