Shipping News 29th December 2015

Abu Dhabi Ports and Gulf Marine Services (GMS) announce new partnership Hellenic Shipping News Abu Dhabi Ports – the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate ― has signed a contract with Gulf Marine Services (GMS) that will see the creation of a state-of-the-art facility at Zayed Port where GMS will construct and maintain its offshore support vessels that serve the region’s oil and gas industry. Zayed Port in Abu Dhabi city―a regional hub for the cruise industry, and general and bulk cargo―will lease the new facility to GMS for three years. GMS, founded in Abu Dhabi in 1977 and listed on the London Stock Exchange in 2014, is the largest operator of self-propelled self-elevating support vessels (SESVs), also known as jackup barges, in the world. The company’s construction and maintenance yard is currently located in Mussafah, Abu Dhabi. The relocation to Zayed Port will bring substantial benefits to GMS’ business and clear advantages for its clients. The new site is double the size, increasing the yard to 42,500 sq. ft.

Diversified industrials: Bottom Up 2016 -Keen Interest in India Financial Express We recently visited Asia to meet investors and discuss the sector. 2015 has been a difficult year across emerging markets. Disappointment was exhibited on the overall picture in India taking time to settle down. Despite this, interest in India is fairly high, with specific focus on bottom-up ideas for 2016. We discussed five key sector themes we see playing out, with focus on Gateway Distriparks, Cummins, ABB, and Voltas. MNC Engineering and Railways themes get a thumbs-up—We pitched five key themes: (i) MNC Engineering: driven by cost competitiveness and patent enforcement; (ii) Railways: Dedicated Freight Corridor (DFC) seeing sharp pickup in execution; (iii) Operating leverage: companies benefitting from sweating expanded capacities in an upticking economy; (iv) Defence: Indigenisation focus continuing; (v) Renewables: On-ground progress being well ahead of expectations. MNC Engineering received strong interest with valuation push-back being discussed at length.

JNPT hires consultant to make Jalna dry port project report Nyoooz JNPT has appointed a consultant, Ernst and Young, to prepare a detailed project report (DPR) for the dry port project.The port authorities have acquired 185 hectares of land at a cost of around Rs 88 crore in Jalna, Aurangabad district. Union road, transport and shipping minister, Nitin Gadkari flagged off the port project on Friday.The DPR is expected to be ready in three months' time and the project will be executed under public-private partnership (PPP) model, wherein a strategic partner will invest and also recover the cost.JNPT deputy chairman, Neeraj Bansal said, "The scope for value addition to agriculture products (see box) as well as the steel industry in the region will be huge. There will be other benefits too, as JNPT will facilitate transportation, hassle-free trade and ensure future competitiveness of the port.''A dry port is situated in the hinterland to service an industrial/commercial region connected with one or several ports by rail or road transport. Logistics Chennai,International Freight Forwarders in Chennai, Custom Clearance Agents in Chennai , Checkout http://www.jupiterseaair.com