Thursday, January 3, 2019

China building 'most developed' maritime warships for Pakistan

 China is building the first of four "most exceptional" maritime warships for its "all-climate partner" Pakistan as a feature of a noteworthy respective arms arrangement to guarantee in addition to other things "equalization of intensity" in the vital Indian Ocean, state media detailed. 
China building 'most developed' maritime warships for Pakistan

Outfitted with present day identification and weapon frameworks, it will be equipped for against ship, hostile to submarine and air-resistance activities, China Daily cited state-claimed protection temporary worker China State Shipbuilding Corporation (CSSC) as saying. 

The under-development transport is a variant of the Chinese Navy's most exceptional guided rocket frigate, it said. 

The CSSC did not indicate the ship's sort but rather said it is being developed at its Hudong-Zhonghua shipyard in Shanghai. 

China, an "all-climate partner" of Islamabad, is the biggest provider of weapon framework to Pakistan. Both the nations additionally together make JF-Thunder a solitary motor multi-job battle flying machine. 

The ship's class is Type 054AP, which implies it depends on the Type 054A of the People's Liberation Army (PLA) Navy, the report cited the Pakistani Navy as saying. 

The Pakistani Navy recently said four such ships had been requested, as indicated by the report. 

Once built, the warship "will be one of the biggest and mechanically propelled stages of the Pakistani Navy and reinforce the nation's ability to react to future difficulties, keep up harmony and soundness and the parity of intensity in the Indian Ocean district," the report said. 

It will likewise bolster the Pakistani Navy's drive of anchoring ocean paths for global delivering by watching far off waters, the every day cited the CSSC as saying. 

The notice of the Indian Ocean is viewed as huge as China, which has officially assumed control over Pakistan's key Gwadar port under the multi-billion China-Pakistan Economic Corridor (CPEC), hopes to help the Pakistani naval force to reestablish the parity of intensity in India's lawn. 

China has procured the calculated army installation in Djibouti and assumed control over the Hambantota port of Sri Lanka under a 99-year obligation swap bargain. 

China as of late denied a New York Times report that it concluded an arrangement to construct propelled warrior air ship under the CPEC in Pakistan, adding a military measurement to it. 

India dissented to China over the CPEC as it is being laid through the Pakistan-involved Kashmir (PoK). 

Pakistan turned into the primary nation to snare on to China's BeiDou Satellite Navigation System, an adversary to the US Global Positioning System (GPS) which went worldwide as of late. The framework was relied upon to be utilized for military applications. 

The report said Type 054A is the best frigate in administration with the PLA Navy. Military sources said the ship has a completely stacked uprooting of around 4,000 metric tons and is furnished with cutting edge radars and rockets. Around 30 Type 054As are in administration with the PLA Navy. 

An insider in China's shipbuilding area with learning of the Type 054AP program told the Daily that the ship is the biggest and most incredible battle vessel China has ever sent out. 

"In light of pictures circling on the web, the ship will have vertical dispatch cells that can fire Chinese HQ-16 air-safeguard rockets and different sorts of rockets. Vertical dispatch cells will acquire adaptability to the client terms of weapons portfolio, therefore giving it a more grounded battling capacity," he stated, including that the Type 054AP is the best frigate Pakistan can access in the universal market. 

"The administration of Type 054APs will twofold the battle intensity of the Pakistani Navy's surface armada," he said. 

Remarking on the ship's development, Cao Weidong, a senior specialist at the PLA's Naval Military Studies Research Institute, said before, the Pakistani Navy would request that its Chinese contractual workers utilize Western radars or weapons on boats built by the Chinese shipbuilders since it trusted the Western maritime advancements were superior to Chinese ones. 

"Be that as it may, it appears that all weapons and radars on the new ship will be Chinese items, which mirrors our advancement in the business and the Pakistani Navy's trust in our innovation and ability," he said. 

Cao said there are numerous countries moving frigates in the market, so Pakistan more likely than not made intensive examinations as far as battle ability and expenses. 

"I trust the reason they picked our sort is that our own is one of only a handful not many that can do the majority of the air-safeguard, against ship and hostile to submarine errands," he stated, anticipating the administration of the Chinese frigate to generously help Pakistan's protection ability.

Sunday, November 25, 2018

BIMCO intents To Publish Cyber Security Clause In Spring 2019

The provision is being drafted by a little group driven by Inga Froysa of Klaveness, Oslo. Different organizations included incorporate Navig8, the UK P&I Club and HFW, and the undertaking is expected to be finished in May 2019. 
BIMCO intents To Publish Cyber Security Clause In Spring 2019

Arranging and securing is vital 

The BIMCO digital security condition requires the gatherings to have plans and methods set up to ensure its PC frameworks and information, and to have the capacity to react rapidly and proficiently to a digital episode. 

Moderating the impact of a digital security break is of central significance and the proviso requires the influenced party to tell the other party rapidly so they can take any vital counter-measures. 

The proviso is likewise intended for use in a wide scope of agreements. Along these lines, the statement can cover courses of action with outsider specialist co-ops, for example, representatives and operators. 

The obligation of the gatherings to one another for cases is restricted to a sum concurred amid transactions. A total of USD 100,000 will apply if no other sum is embedded. 

Two essential capacities 

The statement will satisfy two essential capacities. The first is to bring issues to light of digital dangers among proprietors, charterers and specialists. The second is to give a component to guaranteeing that the gatherings to the agreement have techniques and frameworks set up, with the end goal to help limit the danger of an occurrence happening in any case and, in the event that it occurs, to moderate the impacts of such an episode. 

In the beginning times of advancement, the drafting group examined if the proviso ought to likewise address installment extortion. It was presumed that the danger of this undeniably basic misrepresentation is presumably best managed at a procedural dimension by organizations taking care of their inner installment techniques to require confirmation of any progressions to installment points of interest. 

The provision is being drafted by a little group driven by Inga Froysa of Klaveness, Oslo. Different organizations included incorporate Navig8, the UK P&I Club and HFW, and the undertaking is expected to be finished in May 2019. 

Arranging and securing is vital 

The BIMCO digital security condition requires the gatherings to have plans and methods set up to ensure its PC frameworks and information, and to have the capacity to react rapidly and proficiently to a digital episode. 

Moderating the impact of a digital security break is of central significance and the proviso requires the influenced party to tell the other party rapidly so they can take any vital counter-measures. 

The proviso is likewise intended for use in a wide scope of agreements. Along these lines, the statement can cover courses of action with outsider specialist co-ops, for example, representatives and operators. 

The obligation of the gatherings to one another for cases is restricted to a sum concurred amid transactions. A total of USD 100,000 will apply if no other sum is embedded. 

Two essential capacities 

The statement will satisfy two essential capacities. The first is to bring issues to light of digital dangers among proprietors, charterers and specialists. The second is to give a component to guaranteeing that the gatherings to the agreement have techniques and frameworks set up, with the end goal to help limit the danger of an occurrence happening in any case and, in the event that it occurs, to moderate the impacts of such an episode. 

In the beginning times of advancement, the drafting group examined if the proviso ought to likewise address installment extortion. It was presumed that the danger of this undeniably basic misrepresentation is presumably best managed at a procedural dimension by organizations taking care of their inner installment techniques to require confirmation of any progressions to installment points of interest.

Thursday, November 22, 2018

India, Russia sign $500 million naval force bargain for 2 stealth frigates

India and Russia Tuesday fixed a USD 500 million arrangement for development of two rocket frigates in Goa for the Indian Navy, sending an unmistakable flag of proceeding with abnormal state barrier joint efforts despite the US alerts of assents. 
India Russia deal of 2 stealth frigates
Authorities said the assention for assembling of the two Talvar-class warships was marked between resistance PSU Goa Shipyard Ltd (GSL) and Russia's state-run protection major Rosoboronexport under the legislature to-government structure for guard collaboration. 

Under the arrangement, Russia will give structure, innovation know how and key materials to GSL for development of the boats in India. 

The boats will be fitted with most developed rockets and other weapon frameworks, they said. "We have concluded a USD 500 million manage Russia for development of two warships in Goa," CMD of GSL Shekhar Mital told PTI. 

He said development of the boats will start in 2020 and the first will be prepared for enlistment in 2026 while second one will be prepared by 2027. 

The opposite sides previously finished another arrangement adding up to around USD 1 billion under which Russia will supply two frigates to India by 2023. 

Tuesday's understanding came about a month and a half after India consented to an arrangement with Russia to purchase a bunch of S-400 air safeguard rocket frameworks at an expense of around USD 5 billion. 

India is proceeding with uber protection manages Russia ignoring admonitions by the US of approvals. The Trump organization has put a few Russian firms under assents under Countering America's Adversaries Through Sanctions Act (CAATSA). 

The US said nations drew in with Russia's resistance firms may likewise confront activities under CAATSA. India has been planning to get a waiver from the US on the arrangements it was marking with Russia. Russia has been India's biggest safeguard provider. 

The barrier and security collaboration has been on a rise between the two nations over the most recent couple of years. 

Recently, Russian barrier major Rosoboronexport rose as the most reduced bidder in the Indian Army's delicate for acquisition of a clump of short-extend air protection rocket frameworks, official sources said Monday. 

Alternate contenders for the arrangement were Swedish firm SAAB and French military firm MBDA. The extent of the agreement is probably going to be around USD 3 billion.

Saturday, November 17, 2018

A.P. Moller - Maersk, CMA CGM, Hapag-Lloyd, MSC and ONE intend to set up Container Shipping Association

Five driving Container Shipping organizations expect to make a relationship with the reason for making ready for digitalization, institutionalization and interoperability in the Container Shipping industry. 
A.P. Moller - Maersk, CMA CGM, Hapag-Lloyd, MSC and ONE intend to set up Container Shipping Association

IT Executives from A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, MSC and Ocean Network Express are at present examining the making of regular data innovation guidelines which will be transparently accessible and complimentary for all partners of the more extensive compartment shipping industry. 

"It's in the clients' and all partners' best advantage, if Container Shipping organizations work with a typical arrangement of data innovation norms", says André Simha, CIO of MSC and representative of the Group. 

"We are taking a stab at less formality and better straightforwardness. The planning is appropriate, as developing advancements make new client benevolent chances. Together, we gain footing in conveying innovative leaps forward and administrations to our clients contrasted with working in our very own shut storehouses", he includes. 

A requirement for an impartial and non-benefit affiliation 

While the delivery business as of now has numerous associations and affiliations, the individuals from the gathering recognized a requirement for a nonpartisan and non-benefit body for sea bearers that is driven by conveying benefits for the business and its partners. 

"That is the reason we will likewise welcome new individuals with open arms to join the affiliation", Simha closes. 

The affiliation has no plan of creating or working any advanced stage, however expects to guarantee interoperability through institutionalization. Essentially, the affiliation won't examine any business or operational issues. 

Certainty box: About the plans 

• To build up an impartial and non-benefit affiliation 

• Purpose is to make ready for digitalization and institutionalization in the business 

• All sea bearers are welcome to join the affiliation once it is set up 

• A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, MSC and ONE mean to wind up individuals 

• Operating as from mid 2019 (Subject to any relevant administrative prerequisites) 

• The affiliation will consent to all legitimate and administrative necessities 

Explanations from the Container Shipping organizations 

• Digital is key for A.P. Moller – Maersk in conveying on our methodology to wind up a coordinated compartment coordinations organization that offers basic, end-to-end administrations with consistent client encounter. A joint arrangement of specialized principles will guarantee interoperability and empower all gatherings to focus on esteem including separation as we move the Container Shipping industry towards further digitalization. At last this will profit all gatherings in our clients' supply chains", says Adam Banks, Chief Technology and Information Officer, A.P. Moller – Maersk. 

• "CMA CGM is continually searching for best practices and models to help the advancement and computerized procedure of the organization. Being an establishing part will empower us to cooperate on setting the measures for digitization of the whole business," says Rajesh Krishnamurthy, Executive Vice President IT and Transformations, CMA CGM. 

• "Hapag-Lloyd respects the making of this relationship as we solidly trust that the difficulties of things to come must be handled with a typical methodology. While we remain rivals in the business sectors, together we will figure out how to shape the eventual fate of our industry," says Martin Gnass, Managing Director Information Technology, Hapag-Llyod. 

• "MSC trusts that we've achieved the point in the bearer world where we require something that is normal, open and done in the structure of an impartial and non-benefit affiliation. By teaming up on institutionalized arrangements, we feel that is the most ideal approach to react to shippers' requests for innovation and advancement, along these lines molding the eventual fate of the transportation business," says Andre Simha, Chief Information Officer, MSC. 

• "Sea Network Express observes a flood of advancement innovation improvement in transportation and coordinations industry over the ongoing years which can convey great chance to the entire business for computerized change. Yet, in the meantime, we're somewhat wary about receiving new innovation by individual organization since there is no regular standard in the market which might wind up with re-incorporating work among all partners in the inventory network. With this psyche, we feel it is important to do some exchange and cooperation on the zone of new innovation and development to build up basic IT standard and administration for the business to streamline and digitize shipping process currently. At last, we trust this style of joint effort can convey esteem and chance to our clients and in addition coordinations organizations, driving delivery and coordinations industry to new biological community of advanced inventory network," says Noriaki Yamaga, Managing Director, Corporate and Innovation, Ocean Network Express.

Tuesday, November 13, 2018

Afghanistan designing to launch Shipping Line on India-Chabahar route

The Afghanistan Ministry of Transportation said in an explanation that the delivery division would before long be shaped and the boats could work business exercises with the banner of Afghanistan in free waters.

Following the incorporation of Afghanistan in the rundown of nations exempted from the US sanctions against the Iranian individuals, the Country's specialists are looking to determine their monetary issues by building up a Shipping Line from Chabahar to India, as per the report. 

Authorities from the Afghanistan Ministry of Transportation say that the arrangement for the foundation of a Shipping Line has been imparted to neighbors, for example, Iran, India and different nations in the district, and Iran should help Afghanistan by putting resources into this part, albeit dependent on prior plans the buy of the boats will be done by the Afghan private division. 

Afghanistan's Deputy Minister of Transportation Imam Muhammad Varimach, said that the boats were purchased by Afghan agents and were entering the worldwide waters by utilizing Afghanistan signal, and the primary recipient of the task would be the private division of the Country.

Monday, November 12, 2018

Chabahar Port to commence operations by November end : Shipping Ministry

Place have been cleared for India to begin working the Chabahar Port in Iran before the finish of November after 

Chabahar Port Development Absolved From US Sanctions.

"We are focusing to begin tasks at Chabahar before the month's over," a Shipping Ministry official stated, finishing a very long time of vulnerability over the destiny of the India-financed venture. 

The waiver has additionally re-opened the likelihood of paying Iran in Euros, said the official, who declined to be named. 

Chabahar Port to start operations by month-end : Shipping Ministry

Impermanent course of action 

India has picked Bandar Abbas-based Kaveh Port and Marine Services organization to run the port on an impermanent course of action for year and a half till a full-time oversee, work and look after (MOM) contractual worker is concluded by India Ports Global Pvt Ltd, the Indian state-claimed substance that is executing the task. 

The beginning of business activities at Chabahar has been postponed on account of challenges in paying Kaveh Port and Marine for the administrations because of keeping money issues on exchange of assets. 

"To beat this obstacle, Iran had consented to acknowledge installment in rupees. Be that as it may, with this changed situation, regardless of whether they will demand taking installment in Euros, we'll need to see and examine that with Iran and deal with it. Making installment in Euros ought not be an issue now since Chabahar has been exempted from the authorizations; so managing an account exchanges ought not be an issue," the authority said. 

"The waiver conceded by the US will enable us to request that Kaveh begin tasks; this is the initial step," the authority said. 

The fine print of the US waiver terms will likewise enable India to choose whether to weaken the delicate conditions for choosing a full-time Indian MOM temporary worker to run Chabahar

Favorable position India 

Chabahar will give India the much-denied network to upgrade exchange with land bolted Afghanistan and Central Asian countries. 

India's cooperation in the advancement of Chabahar Port will give India an option and dependable access course into Afghanistan using India's prior interest in Zaranj-Delaram street worked in Afghanistan, and furthermore a solid and more straightforward ocean street get to course into Central Asian Region. 

Chabahar Port can possibly turn into a territorial travel center for Afghanistan and eastern Central Asian Countries. It is normal that volume of exchange will increment considerably on the initiation of activity at Chabahar Port, the Ministry official said. 

It will enhance respective exchange with Iran — presently pegged at $16 billion — and give a chance to Indians to benefit ease vitality for different businesses in the organized commerce zone in Chabahar.

Thursday, November 8, 2018

10 Top deepest point in the sea

10 Deepest Parts of the Ocean 

10 Deepest Parts of the Ocean

The seas and oceans encompassing the landmasses offer various miracles, a large number of which are yet to be found by people. The tremendous waterways that covers more than 70 percent of the planet's surface, holding around 1.35 billion cubic kilometers of water, has levels, valleys, fields, mountains, and trenches on its bowl similarly as they are at first glance layer of the Earth. What's more, strangely, the submerged mountains, fields and so on are gigantic in size contrasted with those on the dry land. The mountains that are arranged on the sea bowl are higher than those we see ashore, and also, the fields are compliment thus the trenches are considerably more profound.

Among every one of the highlights that seas offer, it's the specific profundity of these waterbodies that makes them so captivating. Without a doubt, the sea is profound and the normal profundity of the seas and oceans encompassing the mainlands is around 3.5km. Truth be told, the piece of the sea that is more profound than only 200 meters is viewed as the "remote ocean." However, some piece of the seas is going up to profundities of a few kilometers. Be that as it may, what is the most profound piece of the sea precisely?

Logically, the most profound piece of the sea alludes to the greatest profundity of a point that can be gotten to or characterized. Each such most profound piece of the sea is alluded to as profound trenches. Known as the hadal zone, the plain base of the most profound ocean trench is a consequence of diving trenches made by moving structural plates. As of now, there are 46 hadal natural surroundings over the seas and people know next to no about these districts since it's exceptionally hard to think about these parts of the seas. Here is a rundown of ten such focuses that stamp the most profound purposes of seas.

1. Mariana Trench 

Situated in the western Pacific Ocean, the Marina Trench is viewed as the most profound piece of the Earth's surface. Indeed, it is the Challenger Deep in the Mariana Trench that is known as the most profound point. Shows up as a bow molded scar, the trench measures around 2,550 km long, 69 km wide all things considered and has a most extreme profundity of 10.91 km at the Challenger Deep. In the meantime, some different endeavors estimated the most profound bit at 11.034 km.

The profound gaps in the Mariana trench were shaped because of the impact of uniting plates of maritime lithosphere. Amid the crash, one plate slips into the mantle and the descending flexure shapes a trough at the line of contact between the plates. At the base of the Marina Trench, the thickness of water is expanded by 4.96% because of the high weight at the seabed. Be that as it may, the endeavors led at different occasions have watched the nearness of huge animals, for example, a flatfish, huge shrimp, enormous scavangers and even a unidentified sort of snailfish.

2. Tonga Trench 

Situated in the south-west Pacific Ocean and at the Kermadec Tonga Subduction Zone's northern end, the Tonga Trench lies around 10.882 km beneath ocean level. The most profound point in the Tonga trench, known as the Horizon Deep, viewed as the second most profound point on earth after the Challenger Deep and the most profound trench of the Southern Hemisphere. Stretches at a separation of 2,500 km from New Zealand's North Island upper east to the island of Tonga, the Tonga trench was framed because of the subduction of the Pacific plate by the Tonga plate. Analysts have likewise discovered that these plate developments additionally cause expansive volcanoes in the Japan trench and in addition the Mariana trench. As indicated by sea life researchers, the residue of the Horizon Deep houses a network of roundworms.

3. Philippine Trench 

The third most profound point on the planet, the Galathea Depth in the Philippine trench is 10.54 km beneath ocean level. Otherwise called Mindanao Trench, this submarine trench is situated in the Philippine Sea, spreads in a length of 1,320km and 30km width in the east of Philippines. Conspicuous among different trenches in the Philippine Sea, this trench was shaped because of an impact between the Eurasian plate and the littler Philippine plate. The other significant trenches in the Philippine ocean incorporate Manila Trench East Luzon Trench, Negros Trench, Sulu Trench and Cotabato Trench. It is said that the researchers thought about the Philippine Trench as the planet's most profound point until 1970. As indicated by the researchers, the Philippine trench is more youthful than 8-9 million years prior.

4. Kuril-Kamchatka Trench 

Another most profound piece of sea having a place with the Pacific Ocean, this trench lies at an impressive profundity of 10.5 km underneath ocean level. Lying near Kuril Island and off the bank of Kamchatka, this trench is in charge of various seas bed volcanic exercises in the area. The trench was framed because of the subduction zone that was produced in the late Cretaceous, which made the Kuril island and the Kamchatka volcanic circular segments.

5. Kermadec Trench 

Another submarine trench lies on the floor of the South Pacific Ocean, the Kermadec Trench extends around 1,000 km between the Louisville Seamount Chain and the Hikurangi Plateau. Framed by the subduction of the Pacific plate under the Indo-Australian Plat, the Kermadec Trench has a greatest profundity of 1o.04 km. Alongside the Tonga Trench toward the north, the Kermadec Trench makes the 2,000 km-long, close straight Kermadec-Tonga subduction framework. The trench is likewise home for an assortment of animal categories including a types of goliath amphipod, measures roughly 34 cm long, at the base of the trench. What's more, the nearness of the hadalsnailfishNotoliparis kermadecensis and a types of pearlfishetc have been recorded at various profundities of the trench. A couple of years back, the Kermadec Trench was in news after the Nereus, an unmanned research submarine, imploded as a result of the high weight at a profundity of 9,990 meters while directing investigations at the Kermadec Trench.

6. Izu-Ogasawara Trench 

Situated in the western Pacific Ocean, the Izu-Ogasawara Trench has a greatest profundity of 9.78km. Otherwise called Izu-Bonin Trench, this profound trench extends from Japan toward the northern area of Mariana Trench and it is likewise an expansion of the Japan Trench. Aside from the Izu-Ogasawara Trench, the western Pacific Ocean houses the Izu Trench and the Bonin Trench.

7. Japan Trench 

Another profound submarine trench found east of the Japanese islands, Japan trench is a piece of the Pacific Ring of Fire in the northern Pacific Ocean. With a most extreme profundity of 9 km, the Japan trench extends from the Kuril Islands to the Bonin Islands and is additionally the expansion of the Kuril-Kamchatka Trench and the Izu-Ogasawara Trench toward the north and south separately. The trench was shaped because of the subduction of the maritime Pacific plate underneath the mainland Okhotsk Plate. What's more, it's the tidal waves and tremors that prompts the development on the subduction zone with the Japan Trench.

8. Puerto Rico Trench 

Situated between the Caribbean Sea and the Atlantic Ocean, the Puerto Rico trench denotes the most profound point in this locale and eighth most profound point found on earth's surface. Lies at a profundity of 8.64 km, spotted at Milwaukee Deep and measures a length of more than 800 km, this trench has been in charge of numerous grievous tidal waves and quake exercises in this locale. Endeavors for finish mapping of this trench have been experiencing on for a very prolonged stretch of time now. It was the French bathyscaphe Archimède who originally endeavored to investigate the ocean bottom in 1964 and an automated vehicle was sent to the trench in 2012 to ponder the attributes of the trench.

9. South Sandwich Trench

The deepest trench in the Atlantic Ocean after Puerto Rico Trench, South Sandwich Trench is at a depth of about 8.42 km, described as Meteor Deep and runs for over 956 km, making it one of the most noticeable trenches of the world. Located 100 km to the east of the South Sandwich Islands in the southern Atlantic Ocean, this trench was formed by the subduction of the South American Plate’s southernmost portion beneath the small South Sandwich Plate. This South Sandwich Trench is also associated with an active volcanic arc.

10. Peru–Chile Trench

The Peru–Chile Trench (the Atacama Trench) is located around 160 km off the coast of Peru and Chile in the eastern Pacific Ocean. The Atacama Trench has a maximum depth of 8.06 km below sea level. The deepest point of the trench is known as Richards Deep. The trench measures around 5,900 km in length and 64 km in mean width while it covers an area of about 590,000 square kilometers. The Atacama Trench was formed as a result of a convergent boundary, between the subducting Nazca and the South American Plates.

Sunday, November 4, 2018

India's First Inland Vessel, With Cargo Of 16 containers, Heads For Varanasi

India's First Inland Vessel, With Cargo Of 16 containers, Heads For Varanasi 

The holders on the MV Rabindranath Tagore vessel, being transported by nourishment and refreshment goliath PepsiCo is relied upon to achieve its goal on November 12 and will be gotten by Prime Minister Narendra Modi in his parliamentary voting public. 

India's First Inland Vessel, With Cargo Of 16 containers, Heads For Varanasi

a noteworthy turning point for India's push to build up its inland conduits, 16 holders have set sail from Kolkata for Varanasi on a vessel along the Ganga stream, likewise called National Waterway-1. Considering it the "greatest news" in the nation this week, Union Transport Minister Nitin Gadkari, stated, "Out of the blue since autonomy, a holder is proceeding onward an inland vessel." 

The compartments on the MV Rabindranath Tagore vessel, being transported by nourishment and drink mammoth PepsiCo is relied upon to achieve its goal on November 12 and will be gotten by Prime Minister Narendra Modi in his parliamentary voting demographic. 

The Prime Minister will likewise open the recently created conduit terminal at Varanasi worked as a major aspect of the inside's driven Sagar Mala venture. 

The holder vessel, which started its adventure on Tuesday, is transporting 16 truckloads of sustenance and tidbits, said an announcement from the Ministry of Shipping. 

With the Sagar Mala venture, the administration expects to diminish rail and street movement, dealing with costs, pilferage and harm, and empower payload proprietors to lessen their carbon impressions. 

Under it, 266 ports are set to be modernized with an aggregate venture of more than Rs. 1.45 lakh crore throughout the following 10 years. The focal government is likewise creating NW-1 under the Jal Marg Vikas Project, from Haldia to Varanasi - a separation of 1,390 km - at an expense of around Rs. 5,369 crore, with specialized and money related help from the World Bank. 

Association Shipping Secretary Gopal Krishna said the "load development toward the east and northeastern states will end up less demanding with the new method of transportation through conduits". 

The vessel will make its arrival venture with manures having a place with Indian Farmers Fertilizer Cooperative Limited (IFFCO), which will be acquired from its Phulpur plant close Allahabad.

Friday, November 2, 2018

FFFAI and Kazakhstan Embassy have round table on INSTC in Delhi to help coordinations business

FFFAI and Kazakhstan Embassy have round table on INSTC in Delhi to help coordinations business

FFFAI and Kazakhstan Embassy have round table on INSTC in Delhi to help coordinations business

FFFAI and Kazakhstan Embassy have round table on INSTC in Delhi to help coordinations business

With a target to advance Kazakhstan-Turkmenistan-Iran-India course under International North South Transport Corridor (INSTC), FFFAI together with Embassy of Kazakhstan facilitated a round table meet on October 31 at Pride Plaza Hotel, Aerocity, New Delhi. The meet was gone to by individuals from Delhi Customs Clearing Agents Association under the authority of its President, Mr P.S. Atree, and various driving cargo sending and coordinations organizations from various parts of India to associate with their abroad partners and investigate business openings. Speakers present on this event were Mr Bulat Sarsenbayev, Ambassador of Kazakhstan to India; Mr Manish Prabhat, Joint Secretary, Ministry of External Affairs, legislature of India; Mr Samir Shah, Past Chairman, FFFAI; Mr Dias Iskakov, President of JSC, Kazakhstan Temir Zholy Express; Mr S Ramakrishna, Vice-Chairman, FFFAI; Mr Shankar Shinde, EC Member, FFFAI, and different dignitaries. The occasion was likewise bolstered by JSC "Kazakhstan Temir Zholy Express" (Kazakhstan Railway Express); Ministry of Commerce and Industry, legislature of India and Ministry of External Affairs, administration of India. 

Directing the round table, Mr Shah proposed Indian cargo forwarders/coordinations organizations and coordinations organization agents from Kazakhstan, Turkmenistan and Iran to use this stage for extension of their frame of reference by trading considerations on common necessities. Complimenting the administration of India activities, Mr Shah repeated FFFAI's strong duty to make the INSTC venture a genuine achievement. He additionally engaged Indian organizations to contemplate and investigate openings and new roads of sending and coordinations business on the profoundly potential Kazakhstan-Turkmenistan-Iran-India course. 

"The primary reason for the occasion is to educate the Indian business network about the strategic capacities of the Eastern part of the "North-South Transit Corridor" and to draw in Indian business circles to the more extensive utilization of this course," said Mr Bulat. At present, Kazakhstan-India exchange turnover is about $ 1 billion and he anticipated that it would increment to complex. Mr Bulat featured the ongoing visit of Prime Minister, Mr Narendra Modi, to Kazakhstan and consenting to the arrangement among India and Kazakhstan on a recharged long haul supply of common uranium and a railroad participation consent to help two-sided exchange. 

It is normal that the wide utilization of this vehicle course will essentially diminish the season of payload conveyance and, as needs be, increment the exchange turnover between the two nations by a few times. 

In his discourse, Mr Prabhat underlined the community oriented endeavors from the legislature of India and industry partners. "FFFAI has done praiseworthy employment to advance INSTC as practical one. On account of our involved acquaintance with Kazakhstan and other INSTC nations, it is without a doubt that there would be a spurt in exchange and coordinations business exchange, when this course takes its last shape sooner rather than later," he said. 

Mr Shinde, who is initiating the INSTC venture from FFFAI, brought up gigantic capability of this course and in the meantime some inalienable but then uncertain difficulties, including Customs freedom and network. "These difficulties should be tended to at the most punctual to advance INSTC everywhere as a lucrative transport hallway, which would spare coordinations cost and travel time altogether," he included. 

Mr Ramakrishna shared that FFFAI would arrange various occasions in the months to run over India to advance INSTC course and also related nations, said a discharge.

Tuesday, October 30, 2018

Drewry: Signs of recuperation show up in North America-ECSA Trade

Drewry: Signs of recuperation show up in North America-ECSA Trade 

Drewry: Signs of recuperation show up in North America-ECSA Trade

LONDON: The North America-East Coast South America holder exchange, which has had a poor year up until this point, is seeing indications of recuperation sought after and cargo rates starting late, as per shipping consultancy Drewry.

Latin America has the most minimal port throughput development conjecture during the current year, with aggregate port taking care of anticipated that would ascend by under 1%.

In the headhaul exchange fell by multi year-on-year following a half year of 2018 to roughly 285,000 TEU, Drewry refered to measurements provided by Datamar compartment movement. In any case, later information proposes that the fare showcase is correcting itself with August's month to month volume being the best in something like two years and a 15% enhancement for that month a year ago.

Given the weaker acquiring intensity of ECSA shoppers the relative durability of the import exchange from North America "is to some degree astonishing," Drewry said. Datamar numbers demonstrate that interest had ascended by 5.6% following a half year of this current year to around 240,000 TEU and the development rate expanded its beat assist in July and August.

"It creates the impression that the Northbound exchange from ECSA to North America is recouping, despite the fact that it is probably going to be an uneven ride. Try not to anticipate that transporters will include greater limit until the point that things settle down," Drewry said.

There are just five week after week holder benefits in the North America-ECSA exchange with limit to a great extent controlled by four transporters: CMA CGM, Hamburg-Sud (Maersk Line), Hapag-Lloyd and MSC. The normal size of the boats conveyed is 5,400 TEU.

"With so few administrations it doesn't take much to change ability to a huge degree, however the key players have for the most part kept the supply level consistent in the course of recent months, with a couple of missing voyages decreasing the opening accessibility in contrast with a year ago."

India, US talks progressing to determine exchange issues : Suresh Prabhu

NEW DELHI: Commerce and Industry Minister Suresh Prabhu has said India and the US have traded offers for a conceivable exchange manage a view to settling issues identified with respective business.

"The transactions are continuous. Obviously, at this stage they have given an offer and we have additionally given a counter-offer and we are dealing with it," he said at an occasion here. The announcement accept centrality as India has conceded a notice for climbing import obligations on upwards of 29 US items.

India had reported climbing traditions obligation on 29 items, including heartbeats and iron and steel things, imported from the US as a retaliatory activity against the duty climb by Washington. The obligation climb would happen from November 2.

India is squeezing for exclusion from high obligation forced by the US on certain steel and aluminum items, resumption of fare advantages to certain household merchandise under their Generalized System of Preferences (GSP) and more noteworthy market access for its items from areas, including agribusiness, vehicle, auto parts and building.

Sunday, October 28, 2018

Gogha - dahej Ro pax service all set connect south Gujarat and saurashtra

The Prime Minister's fantasy task of Gogha-Dahej Ro-Pax Ferry benefit is all prepared to begin under the Sagarmala program of the Ministry of Shipping. In a fruitful preliminary run led as of late, 12 stacked trucks were transported by the Ro-Pax ship from Dahej to Gogha over the Gulf of Cambay, by means of the ocean course. The land course between the two spots includes a 294 km or 8 hour drive.
Gogha dahej ro pax service

The Ro-Pax benefit diminishes this separation to only 31 km through the ocean course by intersection the Gulf in Cambay in 17 Nautical Miles. 

The movement time gets diminished to only 1.5 hours. This is an imperative advancement for precious stone and materials dealers and specialists in Surat to travel by means of beach front sending and spare the movement time considerably. 

The completely operational Ro Pax benefit with conveying limit of 100 vehicles and 500 travelers will be opened on 27 October 2018. 

Talking after the trail run Shri Nitin Gadkari, Union Minister of Shipping, Road Transport and Highways and Water Resources, River Development and Ganga Rejuvenation stated, "The Sagarmala program is contacting the lives of individuals. Gogha-Dahej Ro-Pax Ferry benefit is good to go to interface Saurashtra and South Gujarat." 

The aggregate expense of the undertaking is assessed to be Rs 615 crore of which Rs.117 crore has been financed by Central Government under the Sagarmala program with the primary target of advancing Coastal Shipping and lessening coordinations costs.

Thursday, October 11, 2018

Final shipping agreement between Sri Lanka and bangladesh

COLOMBO: Sri Lanka and Bangladesh have settled the much anticipated Coastal Shipping Agreement, and it will be marked quickly, Development Strategies and International Trade Minister Malik Samarawickrama said at an ongoing gathering in Colombo. 

Final shipping agree.

The understanding will permit outsider access for Sri Lankan vessels to East Indian Ports, he said. 

"Seaside Shipping assention between Sri Lanka and Bangladesh will be marked not long after in the wake of accepting Cabinet endorsement, which will likewise allow third Country port utilization—which means ports in East Coast of India can be utilized," he said. 

The reciprocal arrangement is required to chop down both the transhipment cost and time among Chittagong and Colombo, boosting intensity.

US - China trade war gives India a opportunity to curtail its trade deficit going forward

NEW DELHI: The ongoing trade war between the US and China that has witnessed Beijing slapping higher duties on American goods in tit-for-tat action has opened up a window of opportunity for India that has long struggled to contain a widening trade deficit with its giant neighbour. But gains are contingent on getting market access and achieving competitiveness in many cases.

Trade war

According to a Commerce Ministry study, of the 603 American tariff lines (items) on which Beijing has imposed extra duties in the range of 15-25%, India can ship out more in case of 44 items without much difficulty, as it currently has access to the Chinese market in these products. However, in case of 17 items where American supplies are substantial, India doesn’t have market access; so, it can export these items only if China opens up further.

The study, however, doesn’t provide a list of items where the potential for further exports to China exists (apart from just grapes and alloy steel seamless boiler).  Also, as pointed out by independent analysts, most of the US supplies to China are expected to continue despite higher duties.

India doesn’t export as many as 54 items where American supplies to China are substantial. Most of the other items are small-ticket ones where imports by China from the US are negligible and or up to $10 million each.

Some analysts have, however, suggested that India explore the possibility of more exports in farm items like cotton, oilseeds, including soybean, oilmeals, maize, copper and chemicals, even if in some items, the Chinese demand may be much higher than what India can supply. China has either imposed or proposed tariffs on $110 billion of US goods, representing most of its American imports ranging from farm items like cotton to automobiles.

Wednesday, October 3, 2018

President Trump's exchange duties are turned out to be a specific cerebral pain for US East Coast ports, discovers Martin Rushmere

Out of the murk and billows of disarray whirling around the White House levies, or punishment obligations, on capital merchandise imported from China has come the acknowledgment that US East Coast ports will be particularly hard hit. 

President Trump's exchange duties are turned out to be a specific cerebral pain for US East Coast ports, discovers Martin Rushmere

The aggregate voice of port experts, the American Association of Port Authorities (AAPA), has asked the US Trade Representative to offer alleviation to ports by exempting ship-to-shore cranes (on the whole super post-panamax) from the 10% or 25% exact proposed in the terms of Section 301. 

Eyewitnesses bring up that the US East Coast is well on the way to endure as it has much more cranes on request than the US West Coast. One expert depicts US East Coast extension extends as "making up for lost time" with their rivals, which as of now have the ability to deal with huge ships and need just to adjust their current gear. For instance, Oakland has quite recently completed a venture to raise four STS cranes by 8 meters to 120 meters. 

Subtle elements are difficult to find, yet a casual gauge recommends that somewhere in the range of 10 and 14 STS cranes from China are on request for the US East Coast, contrasted and under six for the US West Coast. 

Charleston, South Carolina is one of the ports that could be influenced. Its delight at getting two ZPMC 47 meter cranes at a reduced cost of $9m each - down from the typical cost of $11m-$12m - which arrived a month ago, could be fleeting if the taxes proceed. Six more cranes are on request, thought to cost nearer to the typical cost, for the Wando Welch and new Leatherman terminals. Add up to cost is about $70m. 

A telling sign of exactly how dependant US East Coast ports and terminal administrators are on China originates from Jim Newsome, the South Carolina Ports Authority president and CEO. Talking about ZPMC, he stated: "You're hitched to them — you're not simply dating them." 

As per individuals who were available when Kurt Nagle, AAPA president and CEO, addressed the Trade Representative board in Washington, he was addressed intently on US capacity for making the cranes and whether they are accessible from sellers outside of China. His reaction was by and large not, particularly for the super-post panamax sort and indeed, they are accessible from merchants outside of China, yet just to a certain point. 

Crane parts 

The AAPA battles that China is additionally the main producer of low profile cranes, utilized at ports near airplane terminals. A few onlookers debate this and say that Japan's MES makes astounding comparative composes. In any case, a port official discloses to Port Strategy that these are not appropriate for the US advertise, thinking about cost and materials utilized. He declined to really expound. 

Virginia for one is frightened by the conceivable tax impacts. The Port of Virginia has requested four STS cranes from ZPMC costing $41m, due to be conveyed in mid 2019. CEO John Reinhart rushed to Washington to tell the Trade Representative, "consideration of gantry cranes on the item list subject to taxes represents an immediate danger to this real framework venture, which the country would ill be able to bear". 

US East Coast administrators are for the most part being conciliatory about the exchange impacts of the duties. Yet, their actual emotions can be measured from a remark by Erin Dhand, representative for Charleston, South Carolina. "The port backings facilitated commerce and trusts that endeavors as of now being examined to make exchange reasonable help the upgrade of unhindered commerce in the long haul. We are cheerful that a goals will be come to in the close term. By and large, the world advantages from diminishing exchange boundaries." 

The AAPA may have a more troublesome undertaking in influencing the USTR to drop the punishments on all yard and gantry cranes. These too will probably influence the US East Coast in light of the 'get up to speed' circumstance. 

Georgia Ports Authority is an a valid example. Its Mason Mega Rail venture got a $44m allow from the national government's 'Purchase America' sponsorship for locally made steel and iron parts. The cranes for which the waiver is being asked for cost $40m of the general $126.7m venture costs. 

Konecranes in the US is making a large number of the crane parts. The drives and controls for the rail mounted gantries will be provided by a US auxiliary, situated in Virginia, of Japan's TMEIC. 

Under the present White House organization, Buy America is turning into a more vital strategy component. Some task engineers have been utilizing the program on a particular premise, relatively carefully choosing things made locally that expense about the equivalent as foreign segments. For those that cost essentially more, rejections and waivers are looked to purchase remote items. 

The government is presently liable to vet applications significantly more nearly and actualize a 'win big or bust' approach, leaving designers the decision of purchasing parts weighed down with overwhelming duty punishments. 

Profound water rivalry 

In the mean time, US East Coast ports are keeping up their want greater boats, anxious to tell the world that they are burrowing as profound as or more profound than their rivals. Says David White, official VP of the Virginia Maritime Association: "The Port of Virginia dependably had an upper hand with our 50 feet (15.2 meters) and will keep on having that preferred standpoint when we go to 55 feet (16.7 meters)," due for culmination in 2024. 

Mr White notes that the route channel is being enlarged to permit two-way movement "and in a year we will have the capacity to deal with 1 million a larger number of holders than today." 

Virginia's procedure of focusing more on rail has satisfied liberally, with 36% of payload presently passing by rail and going for over 40%, as per John Reinhart, official chief, Port of Virginia. Savannah is following a similar way, going for 25% from the current 20%. 

Not at all like the US West Coast, where littler ports long back acknowledged the vanity of attempting to coordinate Los Angeles/Long Beach and to a great extent don't waste time with endeavoring to catch piece of the pie, eyes along the US East Coast are on New York/New Jersey. Out in the open and in private, officials talk about turning into the greatest. 

To some degree this is constrained on them by proud government officials. Representative Nathan Deal of Georgia says he needs the state to end up "the transportation and coordinations center point of North America", which would mean holder volumes overwhelming NY/NJ. What's more, a few years prior Florida representative Rick Scott was slamming the drum for making the express the fundamental portal for the nation. 

Mr White is more enthusiastic. "New York is such an enormous market, to the point that it will dependably be a magnet for business shipping. In any case, we trust our piece of the pie of East Coast movement will increment." 

Inland ports keep on being a noteworthy and fruitful system for snacking endlessly at New York and taking more movement from the US West Coast. 

South Carolina is the pioneer in this and its Port Greer has surpassed desires, taking care of 117,812 rail lifts in the financial year to the finish of June. Dillon opened in April and is relied upon to deal with 45,000 lifts in its first year. 

Erin Dhand, representative for the port specialist, says there is "solid potential for advancement of another inland office later on". 

Georgia has bounced into the ring with the opening of the Appalachian Regional Port, close Chatsworth. With a limit of 100,000 lifts per year, its objective market is North Georgia, Northeast Alabama, Tennessee and Kentucky. This could prompt some opposition with South Carolina. 

Every one of these procedures are satisfying. Figures from the Pacific Maritime Shipping Association demonstrate that in the main portion of the year, the US East Coast's multi year-over-year increment in inbound loaded teu was right around half bigger than the 191,101 teu increase posted along the US West Coast.

Sunday, September 16, 2018

CMA CGM Celebrates 40 Years of its Unique Entrepreneurial journey

40 years back, on September thirteenth, 1978, Jacques R. Saadé propelled the principal sea line among Marseilles and Beirut, with just a single ship and 4 workers. This day denoted the start of an uncommon altruistic and entrepreneurial experience. after 40 years, CMA CGM has turned into a perceived world pioneer, with 34,000 workers and a nearness in excess of 160 nations. How about we follow back this one of a kind trip. 

40 long stretches of a one of a kind entrepreneurial experience 

It is in the midst of the Lebanese war that Jacques R. Saadé chose to settle in Marseilles to secure his family. As a visionary man, he foreseen the advancements of worldwide exchange and was persuaded of the significant part containerization was going to play. He hence propelled a first oceanic line and made the Compagnie Maritime d'Affrètement (CMA). 

This will be trailed by an uncommon development. When 1983, the VILLE DE SAHARA turned into the main CMA vessel to cross the Suez Canal, making ready towards the Orient. This was followed in 1986 by the dispatch of a line connecting Northern Europe to the Far-East. Persuaded that China would turn into the world's manufacturing plant, Jacques R. Saadé made his first Shanghai-based CMA sea office in 1992. 

Consolidating an improvement system with focused acquisitions, for example, CGM in 1996, ANL in 1998, Delmas in 2005, APL in 2016, and all the more as of late Sofrana and Mercosul in 2017, the Group has been growing its quality on key markets consistently. 

CMA CGM Celebrates 40 Years of its Unique Entrepreneurial journey

Extremely connected to the city of Marseilles, where CMA CGM was made, Jacques R. Saadé propelled the working of the CMA CGM Tower in 2006, the Group's central command, which has turned into a point of interest for the city. 

A Group seeking after its advancement.

Today headed by Rodolphe Saadé, the CMA CGM Group has turned into a worldwide reference in the sea transportation industry, and is seeking after its improvement around five vital needs: 

''Client Centricity'' by making genuine inventive organizations with clients: dispatch of new offers like Serenity, Reeflex and Climactive, the most trend setting innovation for the transportation of very delicate foods grown from the ground by dynamic controlled climate, 

The improvement of the Group in the oceanic, coordinations and in-arrive areas: obtaining of a stake of 25% in CEVA to propose a total scope of administrations, 

Advancement and digitalization: 

ZeBox, the start-up hatchery and quickening agent started by CMA CGM, will open its entryways soon in Marseilles and will welcome activities from all around the globe, 

Support of human aptitude joined to a lithe association, 

A submitted Group with solid others conscious and family esteems 

CMA CGM is additionally a dependable Group focused on the assurance of the earth. For over 15 years now, the Group has started an aspiring arrangement in this field which as of now took into account a decrease of half in carbon emanations by transported holder per kilometer, somewhere in the range of 2005 and 2015. The Group has define the objective of an extra 30% decrease in CO2 discharges for 2025. 

As a Group with solid compassionate and family esteems, CMA CGM is resolved to help fragilized youngsters through the CMA CGM Corporate Foundation's activity. Managed by Naïla Saadé, the Corporate Foundation has been supporting in excess of 200 undertakings in France and Lebanon since its creation in 2005. 

On this commemoration day, the 34,000 workers of the CMA CGM Group, ashore and on every one of the oceans of the globe, commend this novel experience and the achievement of a family Group that was worked around four center qualities, which have produced its power and character: Initiative, Boldness, Integrity and Imagination.

Friday, September 7, 2018

Traditions participation settlement may conclude by 2019: BIMSTEC Secretary Common

Seven-membered territorial gathering BIMSTEC communicated trust that the traditions participation assention, which could be a exchange assistance activity, among the part countries will be concluded by 2019. The gathering is additionally anticipated to conclude the assention on exchange in merchandise by 2020. 

Founded in 1997, BIMSTEC (Bay of Bengal Activity for Multi-Sectoral Specialized and Financial Participation) may be a territorial gathering comprising India, Bangladesh, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. 

The objective of the organization together is to saddle shared and quickened development through common participation totally different ranges of common interface by using territorial assets and geological advantages.

Traditions participation settlement may conclude by 2019: BIMSTEC Secretary Common

The gathering accounts for 22 per cent of the worldwide populace, and includes a combined net household item of USD 2.8 trillion. BIMSTEC nations are arranging six constituent understandings and one convention understanding, a portion of the FTA of this alliance. 

These constituent understandings are in exchange in merchandise, exchange in administrations

Tuesday, August 28, 2018

Moodys rating - Indian economy to develop around 7.5%,2018-2019

The Indian economy is anticipated to develop by around 7.5 per cent in 2018 and 2019 because it is to a great extent strong to outside weights like those from higher oil costs, Moody's Financial specialists Benefit said recently. In its Worldwide Large scale Viewpoint for 2018-19, Moody's said the run-up in vitality costs over the final few months will raise feature expansion incidentally but the growth story remains intaglio because it is upheld by solid urban and rustic request and moved forward mechanical activity.

Indian economy

"Growth prospects for numerous of the G-20 economies stay strong, but there are signs that the synchronous increasing speed of development heading into 2018 is presently giving way to separating patterns.

The near-term worldwide viewpoint for most progressed economies is broadly flexible, in contrast to the debilitating of a few creating economies within the confront of rising headwinds from rising US exchange protectionism, fixing outside liquidity conditions and raised oil costs," it said.

Moody's put G-20 development at 3.3 per cent in 2018 and 3.1 per cent in 2019. The progressed economies will develop 2.3 per cent in 2018 and 2 per cent in 2019, whereas G-20 rising markets will stay the development drivers at 5.1 per cent in both 2018 and 2019.

"We anticipate the Indian economy to develop around 7.5 per cent in 2018 and 2019," it said.

Sunday, August 26, 2018

United states and china increasing their TRADE WAR

The United States and China increased their trade war on 23rd August, implementing 25 percent tariffs on $16 billion worth of the other's goods.

The latest round brings to $50 billion the value of imports subjected to tariffs on either side since early July,adding to risks for global economic growth.

Washington is holding hearings this week on a proposed list of an additional $200 billion worth of Chinese imports to face duties.

U.S. Customs and Border Protection had confirmed that it would begin collecting extra 25 percent duties on 279 Chinese import product categories valued at $16 billion from 23rd August.

Question rising

us china trade war impact
us china trade war consequences
who benefits most from a us-china trade war?
us china trade war timeline

China has reciprocated its own tariffs on a list of $16 billion worth of imports from the United States effective from 23rd August.

Economists says that every $100 billion of imports affected by tariffs would reduce global trade by around 0.5 percent.

They have assumed a direct impact on China's economic growth in 2018 of 0.1-0.3 percentage points, and somewhat less for the United States, but the impact will be bigger next year, along with collateral damage for other countries and companies tied into China's global supply chains.

Monday, May 14, 2018


Five technologies which will have big impact on the future of shipping industry

 Blockchain technology – Shipping is starting to look at blockchain – a decentralised system to ensure consensus and data-authenticity that was originally developed for bitcoin transactions. Although the technology is still in its early days, it could be harnessed by the shipping industry in various ways and revolutionise how trade is performed. Maersk and IBM have already launched blockchain-based trade platforms and other companies are following.

Cloud technology – Cloud technology is having a significant impact on the way shipping companies operate. The benefits include ease of data access, the availability of information regardless of time or location, as well as the reduction of data silos. Additionally, the cloud makes it much easier for companies to integrate their systems and processes.
One of the core benefits is improving communication between staff at land and sea, so whether that’s crew planning, the execution of payroll or performance reviews of seamen, the digital data is always up-to-date and available where it is needed.
Cloud-based technology is also simplifying processes such as purchasing and stock planning, as well as helping companies comply with regulations more easily and mitigating the risks of fines.

Augmented reality (AR) – AR has multiple uses including the ability to connect employees in different global locations, deliver training and education or for companies to use the technology to increase the efficiency of product repairs or do demonstrations.
The possibilities in the shipping industry are endless and include pinpointing repairs, carrying out ship inspections and holding meetings – virtually, using specially developed AR devices. Whilst it’s likely to be two to five years until AR devices are rolled out across the shipping industry, we believe this technology will transform how the industry operates.

Autonomous ships Rolls Royce last year announced it was joining forces with Google Cloud to develop Rolls-Royce’s intelligent awareness software, which is already in use on ships today and will play a central role in the company’s drive towards autonomous vessels. They plan to have a fully autonomous ship at sea by 2020.
Last month also saw the launch of the world’s first autonomous shipping company in Norway. While it will take several years before it really impacts the industry, as a whole it’s clear autonomous ships will be a reality in the future.

Smart speakers – Smart speakers such as Amazon Echo, Google Home and Sonos are expected to be installed in over 70 million U.S. households by 2022. As the technology advances we predict that smart speakers and voice-controlled devices will also have an impact on the daily business of shipping companies. This will make accessing information quicker and easier, as well as editing or adding data simply by using voice commands.

Saturday, May 12, 2018

Marine insurance market in india

Companies providing marine insurance in India

Prior to nationalisation of general insurance business effective January 1973, the marine insurance market in India was composed of private companies, both Indian and foreign. Foreign companies operated either as branches of their parent company abroad or through agents.

Besides the private companies, the Government controlled companies:

The Oriental Fire and General Insurance Co. and
Life Insurance Corporation of India

Also transacted general insurance business

In all,there were 107 companies operating in India. These were amalgamated and reconstituted into four companies, as follows:
 a) The National Insurance Co. Ltd. with its H O. in Calcutta. 
 b) The New India Assurance Co. Ltd vrith its H.0. in Bombay.
 c) The Oriental Fire and General Insurance Co. Ltd. with its     H.O. in New Delhi,
 d) The United India Fire and General Insurance Co. Ltd. with its H. O. in Madras. 

The General Insurance Corporation of India (GIC) was incorporated in November, 1972 as a holding company and the above four companies were designated as its subsidiaries from 1st January, 1973

Along with these companies certain state insurance funds were also constituted e.g

1) Maharashtra Insurance Fund.
2) Kerala Insurance Fund etc

They were also allowed to carry on general insurance business including marine insurance business.

Thus, these companies and Funds were having exclusive privilege of carrying on general insurance business in India.

In the year 1999, The Insurance Regulatory and Development Authority Act was passed, under which the exclusive privilege of sector companies and funds was withdrawn and the sector was opened up to private Indian insurance companies, allowing for a maximum shareholding of 26% for a foreign entity. 

By the 2002 amendment to the General Insurance Business Nationalisation Act, 1972, GIC was made the only reinsurance company of India and its rights to carry on direct general insurance business were withdrawn. Similarly the public sector insurance companies no more remained subsidiaries of GIC, their holdings were transferred to the Government of India.

As on date, there are 17 general insurance companies In India transacting marine insurance. There are no companies doing exclusive marine insurance business.