Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 2 September 2016

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2 September 2016

Greetings from Maritime Weekly, a newsletter published by 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

Bilateral trade between India and US could increase to 500 billion USD and enhanced shipping lanes are expected to boost Oman-Iran trade.

Shanghai port came out as the busiest port for the 2nd year and Japan would cooperate in Kenya’s Mombasa port development.

DP World plans to invest in India including in intermodal connectivity and Kia Motors partnered with the rail service provider for intermodal transportation. Towards improving connectivity, Indian major ports would develop inland waterways through subsidiary companies.

Korea’s STX Offshore is restructuring significantly to remain afloat and the ship building sector of Bangladesh is growing.

In MNI 2016 news, this week we are happy to welcome:
Capt. B. Chakraborty, Managing Director, “K”Line . Capt. B. Chakraborty will be in the panel at the session on “Connectivity-Collaborate to lift India as a Maritime Nation-trade lanes and shipping”.

Global port operator ICTSI, plans to invest 300 Million USD additionally in the Melbourne port development. The ECB loan agreement between JNPT and banks paves the way for Indian ports and shipping entities to take loans for infrastructure investment, in US dollars with low interest

Women’s International Shipping & Trading Association (WISTA) launched in Brazil and a logistics drone is being designed to move empty shipping containers.

Mumbai Port Trust would develop itself as an international cruise destination and climate change is leading to more arctic cruises in North America.

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

Global Maritime Trade

US and India are looking for bilateral trade to reach USD 500 Bln
Economic times, 28 August, 8 minutes read
With enhanced relations between India and the US, both countries seek annual bilateral trade to grow to 500 billion USD from the present 100 billion USD levels. A recent report indicated 10 potential sectors including freight corridors, infrastructure, ports, inland waterways and digitization as the target sectors for investment.

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Increased shipping lanes to boost Oman-Iran trade
Muscat Daily, 28 August, 7 minutes read
A group of officials and businessmen of Oman and Iran have emphasized investment boost through enhanced shipping lanes. Iran being a big market, significant trade growth is expected.

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Maritime Infrastructure

Shanghai is the biggest port for the second consecutive year.
Hellenic Shipping News, 29 August, 6 minutes read
Shanghai is the busiest port in Asia and in the world, replacing Singapore for the 2nd year. A recent compilation attributes this lead to slowdown in Singapore by the declining Asia-Europe trade. The Journal pointed out that, Singapore, the transhipment hub, has reached its capacity.

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Japan to help develop Kenya’s strategic port-Mombasa
Japan times, 28 august, 7 minutes read
Japan would cooperate in developing Mombasa port of Kenya, amid China’s growing economic influence in Africa. Targeting East African markets, Japan signed an investment treaty and proposed a bilateral treaty on double taxation. Japan expects to promote businesses in Kenya and is also looking at the support of African countries, which make up about a third of votes in the UN, to become a permanent veto-wielding member.

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Port Connectivity

DP World's expansion plans in India, include container rail operations
Port Technology, 22 August, 5 minutes read
DP World is looking to further strengthen its position in the emerging economy of India. The company plans to spend about 1 billion USD in India’s ports and intends to expand its intermodal reach across the subcontinent.

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Kia Motors in partnership with Rail service provider
Global trade, 24 August, 11 minutes read
The cargos would be loaded onto trains, hundreds of containers in a single trip to move from the Port of Savannah to an intermodal container yard of Cordele Intermodal Services (CIS) and then trucked for shorter distances. Kia Motors Manufacturing Georgia (KMMG) has partnered with CIS. This partnership is expected to save more than six-million truck miles each year and reduce the congestion on roads.

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India’s ports to develop connectivity by investing in inland waterways
The Hindu, 22 August, 13 minutes
All major ports in India will set up subsidiary companies to develop inland waterways and foreign funds would be raised through the ports, a policy, to be announced shortly. India’s biggest container port Jawaharlal Nehru Port Trust (JNPT) has been asked to set up a subsidiary to develop waterways on the rivers in Maharashtra. The move is expected to reduce logistic costs and make exports competitive.

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Korea-STX Offshore to divest profitable yard and lay off staff to survive
The Wall Street Journal, 26 August, 4 minutes read
One of the largest shipyards of Korea, STX Offshore & Shipbuilding Co. is in significant challenges. As per their restructuring plan, STX Offshore would lay off a third of its workforce and sell a profitable yard in France for its survival.

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Bangladesh-Shipbuilding sector is emerging
Hellenic Shipping News, 22 August, 9 minutes read
Bangladesh’s 10 shipbuilding companies have orders for over 40 ships. The potential ship building sector holds promise for earnings and employment and; insiders are optimistic to emerge as a competitor in the small and medium vessel segment.

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Maritime Nation India 20-22 September 2016 news

Maritime Nation India September 20-22, 2016 has already received support from the Prime Minister’s Office (PMO) and the Minister of Road Transport, Highways & Shipping , India. We acknowledge the wholehearted support from Jawaharlal Nehru Port Trust (JNPT), Mumbai and Nava-sheva Ship Agents Association (MANSA), Federation of Freight Forwarders Associations of India (FFFAI), Indian National Ship-owners Association (INSA), The Indian Private Ports and Terminals Association (IPPTA), The Association of Multi-modal operators of India (AMTOI) , Indian merchant chamber (IMC), Brihanmumbai Custom House Agents’ Association (BCHAA), Travel Agents Federation of India (TAFI) , Travel Agents Association of India (TAAI) and Shipyards Association of India (SAI).

The Federation of Freight Forwarders Association in India ( FFFAI) is organising the International North South Transport Corridor (INSTC) - International Conference- India 2016 at the International Convention & Exhibition Centre in Navi Mumbai on 21 Sep 2016 in collaboration with Maritime World Services, who are organising Maritime Nation India 2016, International Conference and Exhibition at the same venue.

This week we are happy to welcome our new speaker:

Capt. B. Chakraborty will be in the panel at the session on “ Collaborate to lift India as a Maritime Nation-tradelanes and shipping”. Capt. Chakraborty has a vast experience in shipping and multi modal logistics management, is the Managing Director of “K”Line(India)Private Ltd .

Kawasaki Kisen Kaisha, Ltd. (Kawasaki Kisen Kabushiki-gaisha), also referred to as “K"Line, is one of the largest Japanese transportation companies. It owns and controls large cargo ships, including dry cargo ships (bulk carriers), container ships, container terminals, liquefied natural gas carriers, ro-ro ships and tankers. It is the sixteenth largest container transportation and shipping company in the world.


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

Maritime Capital

ICTSI to invest additional USD 300 Mln in Port Melbourne
Manila Bulletin, 25 August, 10 minutes read
Global port operator, ICTSI won the bid to operate the Melbourne port in May, 2014. It plans to invest 300 million USD additionally for the third phase of the development. The first phase would be operational by this year-end and the second phase by a year after. The terminal is expected to be modern and upon completion of the 2 phases, will have 1.4 million TEUs cargo handling capacity, would accommodate big, neo panamaex upscale vessels.

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India-Major ports and shipping entities to take a loan of USD 7.5 Bln from banks for projects
Money control, 23 August, 12 minutes read
A pact of External Commercial Borrowing (ECB) by JNPT with SBI and DBS banks, the first-of- its-kind, has paved the way for other ports and shipping entities to take loan in dollar terms at low interest. ECB is expected to increase infrastructure capital whereas low interest could enhance the viability of projects.

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People & Technology

WISTA launches in Brazil
Maritime logistics Professional, 25 August, 11 minutes read
Women’s International Shipping & Trading Association (WISTA) is an international organization for women in the maritime transportation and trades management. WISTA announced the formation of the 36th National WISTA with WISTA Brazil. There are 36 countries National WISTA with more than 2,500 members worldwide.

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A drone to move shipping containers
The Globe and The Mail, 28 august, 10 minutes read
A logistic drone, the Modal, is designed to move empty shipping containers by lifting these and carrying them over short distances. The Modal would have multiple propellers, a quad-copter or a hexa-copter shape, with a clamping system for 20ft. or 40 ft. containers. A 2000 horse-power turbo-shaft engine would power the propellers and it could be a remote controlled or a manned version drone.

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Leisure & Cruise

India-Mumbai aims to be an international cruise gateway
The Hindu, 24 August, 14 minutes
Mumbai Port Trust aims to develop as an international cruise destination as per their new business plan. In the last 2 months, the port trust has tied up with 59 cruise ship calls and expect up to 100 cruise calls next year. The port trust has upgraded the cruise terminal that is now, expected to open in October-2016.

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Climate change leading to more arctic cruises
Market Place, 18 August, 17 minutes read
Melting the ice means more ships can use Arctic waters. The once-elusive sea route from the Atlantic to the Pacific above North America sees lot of cruise customers and cruise companies are seeing opportunities.

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