Jupiter Sea and Air Service Pvt Ltd: UPDATED DAILY SHIPPING NEWS FOR WEDNESDAY APRIL 20, 2016

Shipping industry: Synergy to anchor ports push

Indian Express
At the recently concluded Maritime India Summit (MIS) in Mumbai, a high decibel pitch for aggressively developing the country’s port sector was accompanied by claims of firm commitments worth $12 billion and another $60 billion in the pipeline for projects in the sector. Industry experts, though, are clearly of the view that any development related work in the ports sector is unlikely to succeed if viewed in isolation and that the approach necessarily has to be holistic and needs to be taken up in close coordination with the National Highways Authority of India (NHAI) and the Ministry of Railways, with the concerted aim of ensuring that the port is comprehensively connected to the hinterland. At the launch of the summit last week, Prime Minister Narendra Modi was emphatic about the scale of the investment challenge. “Our vision is to increase port capacity from 1,400 million tonnes to 3,000 million tonnes by 2025.

ZIM to Enhance its Asia to US East Coast and Gulf Services

Port 2 Port
ZIM is pleased to announce an enhanced Asia to US East Coast and Gulf service offering, with seven different weekly services, extensive direct port-to-port coverage and best-in-market Transit time from key ports in Asia to US East Coast & Gulf. The full scale services offered by zim in this trade: ZIM Seven Star Express (Z7S), inaugurated in May 2015, a premium service from South China, Vietnam and India Sub continent to US East Coast, will be upgraded with a direct Port Kelang call, offering 24 days transit time to New York. ZIM Pacific Atlantic Service (ZPA) brand new service by ZIM, covering Central China and Korea to Miami, Jacksonville and Charleston, will commence in early May, subject to FMC approval. China East Coast (CEC) and South Asia Suez Service (SAS) will continue to offer extensive coverage from South East Asia to USA and Canada East Cost

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Overcapacity warning as MSC moves big ships to 'more robust' Europe-Middle East/India trade

The Load Star
Having already been obliged to idle two of its flagship 19,000 teu vessels because of weak Asia-North Europe bookings, MSC is cascading some of the 13,000 teu ships from the overcapacity-plagued trade onto its Europe-Mid East-South Asia service where demand is said to remain “comparatively robust”. In an updated analysis of the trade, Drewry said the Geneva-headquartered carrier was leading the way in increasing ship size on the route, noting that it had deployed the 13,102 teu MSC Cristina and MSC Maria Saveria on its Himalaya Express service, operated with Shipping Corporation of India. The rotation of the service is Felixstowe-Hamburg-Antwerp-Le Havre-Gioia Tauro-King Abdullah-Colombo-Nhava Sheva-Mundra-King Abdullah-Gioia Tauro-Felixstowe. In a further boost to capacity, MSC will also add the 11,660 sister ships MSC Luciana and MSC Sola to the service, Drewry added.

Vessel owners, cargo traders trivialise Sundarbans

The Daily Star
Though experts think, cargo vessels plying through the Sundarbans' rivers are like “mobile bombs” for the tigers, the vessel owners are putting pressure on the government, demanding to reopen the Shela river route for cargo operations. The government suspended the operations on March 23, following the accident of coal-laden cargo MV Sea Horse near Harintana on March 19. Inland Water Transport Owners from Khulna division and other business groups made the demand at a joint press conference held at Khulna Press club yesterday morning. The government has opened alternative Mongla-Ghosiakhali channel after dredging, but vessels with more than 10 feet draft are unable to operate through it, they said. “Around 70 percent vessels are unable to come to Khulna, Mongla, and Nowapara from Chittagong, Dhaka and Sylhet,” said advocate Saiful Islam, secretary general of the coordination committee, who read out the statement.

The ‘Great Game’ Reborn in the Indian Ocean: A Tale of Two Ports

Geo Political Monitor
The historic 19th century ‘Great Game’ of Lord Curzon’s making may be in the process of revival, albeit in different setting with different actors and varying interests. From the vast deserts of Central Asia, the new Great Game seems to be shifting to the warm waters of the Indian Ocean, the premier commercial waterway of international trade. The actors are not the old imperial powers aspiring for empires but shrewd traders seeking large markets for their merchandise and accompanying political clout. They act not in isolation but in collaboration without losing sight of their respective national interests. China, USA, Russia, India, Iran, Central Asian Republics, Afghanistan and Pakistan are the conspicuous actors of this new game. Actually, regional states in the Central and South Asia desire to forge new bilateral and multilateral relationship outside abandoning the model of the days of Great Game.

Technological lag is hurting advance in maritime trade

The Hindu
Countries that had once established supremacy in maritime trade were now lagging for want of updated technology or lack of interest in seafaring among the youth, experts noted At a daylong international conference on ‘shipping: indispensable to the world,’ the International Maritime Organisation’s theme for 2016, on Tuesday, speakers dwelt on the challenges facing shipping and ways to address the maritime trade scenario. Universities have a big role to play, said Devinder Grewal, professor (Indian chair), Port Management, World Maritime University, Sweden. With advanced technology it is important that universities ensure students are prepared for the changes, he said. Like India, Eritrea, was strategically located and the centre of trade until 1950, said Eritrean Ambassador Alem Tsehaye Woldmariam. But the 30-year war of independence with Ethiopia had damaged it completely.

Reviving exports

Business Line
A combination of a slump in petroleum prices and the continuing slowdown in global growth has wreaked havoc with India’s merchandise exports. Merchandise export earnings slumped 16 per cent in fiscal year 2015-16 to $261.14 billion. Exports have shrunk for 16 successive months, while earnings from petroleum product exports collapsed 47 per cent in the last fiscal year to $30.2 billion. Also, the share of petroleum products in India’s export basket contracted to just about 12 per cent, from over 18 per cent a year ago. Such devastation was not seen even in the midst of an economic slowdown in 2009-10 triggered by the financial crisis of 2008, when petroleum prices slumped from the peak of over $140 a barrel to about $32. India’s exports had contracted a mere 3.5 per cent in 2009-10. But this time it’s different. The world is drowning in surplus oil with the US becoming a major oil producer thanks to shale oil, and Iran returning to the global oil market following the lifting of sanctions.

Delayed turnaround to be the drag on exports front

Indian Express
India’s exports, which dipped 16 per cent in 2015-16, are unlikely to see an uptick in the near future due to the delayed turnaround in the global economy, according to a DBS report. According to the global financial services firm, weak global demand weighed on India’s exports, with falling commodity receipts and the strengthening of the real rupee value playing their part. “Looking ahead, India’s exports are unlikely to improve in a hurry due to its close correlation with global imports,” DBS said in a research note. Incidentally, the World Bank and the IMF have downgraded their global growth outlook, with most of India’s key trading partners facing sluggish growth at home. “More measures to support the trade sector are on the cards. Though they might provide short-term relief to the external sector, they are no panacea,” the DBS report added.

Scrapping of export duty on chrome ‘to hit industry’

Business Line
The Centre’s decision to abolish 30 per cent export duty on chrome ore is a setback for domestic ferrochrome producers and stainless steel companies. India Inc fears that much of the high-grade chrome ore will be exported to countries like China, which in turn will choke domestic supplies and push up prices of steel. Domestic players, who have invested 5,000 crore for ramping up ferrochrome capacity to about 1.75 million tonne per annum, will be in a fix if a significant amount of ore is allowed to be exported. Speaking to Bloomberg TV India, R Ganesh, Director (Sourcing) of Jindal Stainless Ltd, says the decision will benefit China and hurt the domestic industry. The demand for stainless steel, which by and large matches the GDP growth, should rise by 8-9 per cent in FY17, he said.

FIEO flags concerns of job losses if export decline continues

Deccan Herald
A day after the government released 2015-16 exports data showing a slump across the sectors, India’s premier exporters body, the Federation of Indian Export Organisations (FIEO), on Tuesday flagged concerns about massive job losses in labour intensive sectors such as leather, textiles and gems & jewellery, if the decline persisted. It also demanded interest subsidy for merchant exporters on the lines of medium and small scale industries. “Job losses have roughly reached 5% of total workforce in the labour intensive sector. Not very alarming now, but if export slump persists for this year too, the situation will be serious,” FIEO President S C Ralhan said. India’s exports shrank 16% in 2015-16 to stand at $261 billion. This is the lowest in the last five years.

Mars better mapped than the world's oceans, placing mega ships at risk

Sea News
The grounding of a mega ship could result in a cargo loss of up to US$4 billion, the insurance industry warns. It's a possibility that cannot be ruled out as the world has better maps of the surface of Mars and the moon than of the bottom of Earth's ocean, according to a NASA oceanographer. It "could take two years to remove all the containers from a 19,000-TEU ship in the event of an incident, assuming that it was possible at all," Allianz Global Corporate & Specialty Insurance wrote in its Safety and Shipping Review. The risk of such a catastrophic loss only increases as more mega ships begin calling at ports around the world that have never seen ships of that length, width and depth. A new study by the Global Marine Practice at insurance brokerage Marsh highlighted that surveys of ocean depths are inadequate or non-existent in large expanses of the world,

Short sea shipping : Waiting to be unlocked

Once the coastal shipping commences it is going to be the direct short distance trade ever made available between the two neighbouring trade partners. Ushering in a new era of connectivity and enhancement of bilateral trade, coastal movement of vessels between India and Bangladesh is all set to commence. With India and its biggest trade partner in South Asia Bangladesh signing a treaty on coastal shipping in June last year, deliberation and development of special River Sea Vessels RSVs are made from the Bangla side and by the first week of March, 2016, three laden RSVs would commence its voyage between ports of East Coast India and port of Pangoan of Bangladesh. This, provided the final clearance on tariff is accorded by the Finance Ministry, Government of India (GoI). Though every technical aspect as per the Standard Operating Procedures (SOP) between the two countries were followed,

Jupiter Sea and Air Service Pvt Ltd

Tuesday 19 April 2016

UPDATED DAILY SHIPPING NEWS FOR WEDNESDAY APRIL 20, 2016