Business Insights from the Maritime and Logistics Ecosystem – Maritime Weekly 30 September 2016

Maritime World services :: E-Newsletter
Having trouble viewing this email? Click here to read this newsletter online

30 September 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

The bankruptcy of Hanjin shipping interrupted supply chains, impacted retailers and the Maersk group would split into a transport business and an energy division. In a slow global economy, India is now a bright spot in global trade.

China’s COSCO is looking to develop Piraeus port of Greece to be in world’s top 30 by 2018 and Chinese ports have been hit hard by global slowdown.

India offers 80% discount in port tariffs for Ro-Ro automobile transportation and is also looking to transport 25% of domestic cargo by waterways. Indian railways are exploring connectivity and services to Bangladesh.

The United Ship-building Corporation of Russia is looking to invest in Vishakhapatnam, India and the Chinese shipbuilding industry is facing challenges due to global recession and capital shortages.

In Maritime Nation India 2016 news, this week we are happy to share that the International Exhibition and Conference held on 20-22 September, 2016 was a grand success, received very positive feedback and was attended by over 2000 visitors from several countries.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.

India’s new model concession agreement (MCA) would simplify rules for port investments and there are shipping lessons from the expanded Suez Canal for Indian port developments .

The Block chain technology is making inroads into shipping and seven innovative technologies are transforming maritime and logistics industries.

In the cruise segment we have, Carnival Corporation would build and deploy cruise ships in China and India is looking to collaborate with Singapore to develop cruise tourism infrastructure.

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

Global Maritime Trade

Global retailers impacted by the bankruptcy of Hanjin Shipping
The Sydney Morning Herald, 16 September, 24 minutes read
Hanjin filed for bankruptcy protection which affected global freight shipments. Several ports refused to handle cargo from Hanjin ships over docking fees. Millions of dollars of merchandise are held up at ports or at sea, impacting retail profits due to supply chain interruptions.

Read More

Maersk Group splits its transportation and energy businesses
CNBC, 22 September, 10 minutes read
With the record low freight prices and the company’s oil division reporting net profit far below, the group announced plans to split into a transport and a separate energy division. The Danish shipping and oil conglomerate A.P. Moller-Maersk is the world's biggest shipping company, holding 15 percent of the global capacity of liner fleets in TEU terms.

Read More

India is now a bright spot in global trade
IIFL, 21 September, 24 minutes read
In a slow global economy, India can now be counted upon to contribute the global trade growth. According to a report, India’s containerized foreign trade registered a growth of 11% in the first half of 2016 and benefited from the growth in auto sector, garments, fruits and vegetables exports. India is also augmenting imports of many items, processing them to create new products and exporting these back to the mature markets. Indian trade growth is estimated to be 8-9% for 2016, about four times of global trade, according to the report.

Read More

Maritime Infrastructure

China’s COSCO looking to develop Piraeus port of Greece in world’s top 30 by 2018
Reuters, 22 September, 14 minutes read
COSCO Shipping had earlier bought 51% share of Greece's Piraeus port. Being the owner of the world's fourth-largest container shipping fleet, the company aims to boost the container traffic to 5 million TEUs by 2018, making Piraeus in the world's top 30.

Read More

Chinese ports significantly impacted by the global slowdown in trade
Financial Times, 18 September, 19 minutes read
China, with seven of the world’s 10 busiest container terminals, has been hit hard by the global slowdown. The weak economic environment, China’s structural shift to advanced manufacturing-taking up less space in ships resulting in overcapacity, and the record low freight rates appear to be the main reasons for the impact on port traffic.

Read More

Port Connectivity

Indian ports to offer upto 80% discount on port tariffs for Ro-Ro automobile transportation.
The Hans India, 25 September, 9 minutes read
With increased discount of 80% from 40% earlier, it is expected that the shipping service providers would attract more auto-mobile cargo through the coastal route and de-congest roads and railways. The ministry plans to carry out intensive marketing across the major ports to generate demand.

Read More

India looking to transport 25 % of domestic cargo by water
The Huffington Post, 21 September, 9 minutes read
Inland Waterways Authority of India (IWAI) aims better use of rivers for transportation. A fully developed network of 100 navigable channels would cost 12 billion USD. With initial funds from the World Bank, IWAI plans to issue bonds by February-2017. Other options of public-private partnerships and joint ventures with state governments are also under consideration.

Read More

Indian railways exploring connectivity to Bangladesh
The Shillong Times, 26 September, 10 minutes read
The proposed Agartala (Tripura) - Akhaura (Bangladesh) international rail link would provide a much shorter connectivity from Tripura to Kolkata via Bangladesh. This railway line would connect the Northeast to Ashuganj and the Chittagong Port of Bangladesh.

Read More


Leading Russian Shipbuilder looking to invest in Vishakhapatnam, India
The Hindu BusinessLine, 13 September, 11 minutes read
The state-owned, United Ship-building Corporation of Russia is looking to invest in industries and would set up manufacturing facilities under ‘Make in India Campaign’. In the past, Russians played a crucial role in building the Visakhapatnam Steel Plant and the naval dockyard there.

Read More

Chinese shipbuilding industry facing challenges ahead
Hellenic Shipping News, 20 September, 20 minutes read
A severe recession in the global shipping industry and capital shortages forced a number of Chinese shipbuilders to close down. Major shipbuilding companies are also facing tough situations due to overcapacity and, are on the brink of collapsing. Experts believe, the situation is unlikely to recover in the next three years.

Read More

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.

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

Maritime Capital

India’s new model concession agreement (MCA) simplifies rules for investment in ports
SPLASH24/7, 23 September, 6 minutes read
The new set of proposals has an equitable allocation of project risks, removing ambiguities and allows investors to exit after a period, if they want. The proposals have been posted on the Shipping ministry’s website for comments before they are finally announced. The new model concession agreement expects to attract more private sector investments in ports.

Read More

Shipping lessons from expanded Suez canal for Indian port developments- Chabahar and Dhamra
Hellenic Shipping News, 13 September, 19 minutes read
In the second leg of the Suez Canal expansion, the Suez Canal Area Development Project would further develop three canal cities which are ports. Along these lines, the Chabahar Transport Corridor in Iran is a step towards development of off-shore facilities. Also, connecting Nepal to ports in Odisha via rail route chould be tried and Dhamra Port could be dedicated for the purpose. Read More

People & Technology

Block chain technology making inroads into shipping
The Wall Street Journal, 22 September
Block chain technology works by creating an encrypted online record of shared transactions. The technology allows creating real-time digital ledgers of shipping data for port officials, cargo owners, suppliers and regulatory organisations. Network users can verify and also can add to the ongoing chain.

Read More

Seven innovative technologies transforming maritime and logistics industries
The Business journals, 23 September, 20 minutes read
The market of maritime and logistics is estimated to be over 4 trillion USD worldwide, encompassing a wide range of businesses. The 7 technologies: Automation, Robotics, Wearables, Drones, Self-driving vehicles, Cloud computing and Internet are beginning to transform the industry. The companies and their facilities would see the great benefits of this shift.

Read More

Leisure & Cruise

Carnival Corporation would build cruise ships in China
Travel Daily Asia, 25 September, 11 minutes read
Carnival’s Chinese cruise joint venture has signed a MoA and placed an order for two cruise ships to be built and deployed in China. The first ship is expected to be delivered in 2022. The Chinese vacation market is one of the largest in the world and continues to grow every year.

Read More

India looking to collaborate with Singapore to develop cruise tourism infrastructure
TravelBiz Monitor, 26 September, 9 minutes read
India plans to collaborate with the Singapore government to promote cruise tourism by modernizing infrastructure at the ports. To begin with the Mumbai Port, it is planned that the cargo traffic handling would be terminated and a necessary infrastructure will be developed for handling passengers. The Singapore delegation is visiting India next month. Currently, cruise services operate at three ports — Mumbai, Goa and Kochi.

Read More

For feedback:
To connect with us:

DISCLAIMER: Maritime Weekly is an educational newsletter for maritime industry stakeholders. You have been chosen to receive this either by prior contact or professional association. If you have received it by mistake, do please accept our apologies. You can unsubscribe by clicking the link at the bottom of this mail.

Please follow and like us: