News Bulletin – 20th October 2018

1. Shreyas Shipping calls its first coastal service at Bharat Mumbai Container Terminal.

19 October 2018 : Bharat Mumbai Container Terminals (BMCT) today welcomed Shreyas Shipping and Logistics Ltd’s “M.V. SSL Mumbai”, marking the first call of Shreyas’s PIX 1 (Pan India Express 1) service at the terminal.

The 1,613 twenty-foot equivalent unit (“TEU”) “M.V SSL Mumbai” operates the PIX1 service with a sister vessel on the following rotation: BMCT, Cochin, Tuticorin, Mangalore, Mundra, Hazira and BMCT on a fortnightly basis. The call at BMCT offers options for both domestic shipments and international transhipment.

BMCT’s General Manager Sivakumar Kaliannan said, “We are very pleased to welcome PIX1 to Bharat Mumbai Container Terminals. Before BMCT’s startup, capacity limitations at Nhava Sheva meant there were very few regular coastal service calls. With Shreyas’ PIX 1, domestic shippers now have the option of moving their shipments from truck to ship and can enjoy a cheaper and more environmentally-friendly transport option. We will also be working closely with Shreyas to develop transhipment options and allow carriers to increase connectivity and rationalise service calls on the West Coast.”

CEO of Shreyas Shipping, Captain VK Singh stated, “Shreyas is pleased to commence its coastal service calls at BMCT in JNPT. We are targeting both EXIM and domestic trades and see these markets as having great potential which, with BMCT’s new capacity, we are now able to capture. Shreyas is also playing its part in the Sagarmala initiative by promoting coastal shipping in this way.”

2. WartsilOpens World’s 1st International Maritime Cyber Center of Excellence.

17 October 2018 : Finnish-based technology group Wartsila opened an International Maritime Cyber Centre of Excellence (IMCCE) today in Singapore.The IMCCE consists of a Maritime Cyber Emergency Response Team (MCERT) and a cyber academy, and it is first of its kind in the world. The center was set up in cooperation with Templar Executives, and its focal point will be for the industry to help drive the cyber awareness and response to cyber incidents.

Taking stewardship in something as important as this, shows that Wartsila is committed to transform and digitalise the marine industry. This is the next step in our Smart Marine vision and supports our Oceanic Awakening and Sea20 initiatives,” says Marco Ryan, Chief Digital Officer at Wartsila.

The MCERT is an international cyber intelligence and incident support platform enhancing cyber resilience for the entire maritime ecosystem. It provides international intelligence feeds, advice and support, including real-time assistance to members on cyber attacks and incidents, and a Cyber Security Reporting Portal (CSRP) for its members.

The MCERT is based on a membership model and for those who want to lead the cyber agenda in the industry, it offers an Advisory Board membership. The Advisory Board will comprise of stakeholders from the Maritime ecosystem in the areas of shipping, oil & gas, ports and cruise ships.

3. Singapore to boost 3D printing application in maritime sector.

17 October 2018 : Singapore accelerated its pace of adopting addictive manufacturing (AM), or 3D printing technology as the Maritime and Port Authority of Singapore (MPA) signed two relevant Memorandum of Understanding (MoU) at the sixth Global AM Summit on Wednesday.

The first MoU was signed by MPA with the PSA Corporation Limited (PSA), the National Additive Manufacturing Innovation Cluster (NAMIC) and the 3D MetalForge Pte Ltd, aiming at establishing the world’s first on-site AM production facility for port applications, according to a joint news release.

The facility, to be located at Singapore’s Pasir Panjang Terminal, will feature state-of-the-art printers capable of producing AM parts for port equipment, and use a specialized maritime digital cloud supported by blockchain technology to guarantee the safety of file transfers.

The second MoU was signed with NAMIC and the Singapore Shipping Association to collaborate on an AM Joint Industry Programme for marine parts.Singapore is a leading maritime hub in the world, featuring not only a fleet of more than 4,700 vessels on its register, but also continued innovation and strong maritime services environment.

4. Middle East Ports Must Explore Innovative Approaches to Secure Future Success and Prosperity, BCG Report Reveals.

10 October 2018 : According to a new report by The Boston Consulting Group (BCG), entitled “Will Middle Eastern Ports Continue to Succeed?”, ports across the region have enjoyed success by building high-quality infrastructure to serve the large cargo volumes flowing through the region.

From 2011 through 2016, the compound annual growth rate (CAGR) of container throughput was measured at 4 percent, which exceeded the global average. Moreover, the throughput growth rates of other types of seaborne cargo have also been impressive. But as is often the case, following a period of strong growth, there are causes for concern. Overcapacity, exposure to transshipment, and lagging port productivity threaten to slow or even reverse the upward trajectory of the region’s ports. Hence, ports in the region have to explore alternative routes to mitigate these challenges.

Middle East ports accounts for less than 3 percent of global GDP, while its ports handle approximately 20 percent of global seaborne trade. This disproportionate share is the result of both geographic advantages and well-executed investments,” said Giovanni Moscatelli, Partner & Managing Director at The Boston Consulting Group Middle East.


Categories: News Digest

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