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SeaLead relaunches Far East India Express 2 Service, Connecting Central China to West India
Service cuts transit mes between Central China and West India
S I N G A P O R E :
SeaLead, a fast-growing Global Shipping Line, is set to relaunch its Far East India Express 2 (FIX 2) service, enhancing connectivity between Central China and West India. The service's inaugural journey is scheduled for 12th September 2024.
The FIX 2 service offers a streamlined weekly service on the westbound route starting in Shanghai and making stops at Ningbo, Shekou, Nhava Sheva, and Mundra bypassing intermediary ports like Singapore and Port Klang, thereby reducing transit times between Central China and West India. While the eastbound journey goes directly back to Shanghai from Nhava Sheva and Mundra, connecting to Sealead’s US West Coast service.
Partnering with Bengal Tiger Line and Sinotrans, this new addition to SeaLead's portfolio will offer swift connectivity between China and India, the world's largest manufacturing hubs.
Suleyman Avci, Global Chief Executive Ofcer, SeaLead, shared, "The reintroduction of the Far East India Express 2 is a significant part of our ongoing efforts to expand our services and better serve the global market. This service boosts our presence in West India."
Shiva Mahadevan, Managing Director, SeaLead South Asia, Middle East, and Africa, added,
“The Far East India Express 2 service is a key development in enhancing trade between Central China and West India. This service provides our customers in the region with faster, more direct routes, ensuring efficient access to international markets."
According to the Global Trade Research Initiative (GTRI), bilateral trade between India and China surged to $118.4 billion in FY 2024, with China reclaiming its position as India’s top trading partner This growth reflects the robust economic ties between these dynamic regions. SeaLead's new FIX 2 service will play a crucial role in facilitating further trade expansion and providing customers with seamless access to international markets, underscoring SeaLead's commitment to service excellence and delivering dependable shipping solutions.
Mr. Shiva Mahadevan
Mr. SuleymanAvci
COSCO SHIPPING LINES (INDIA)
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PAKISTAN AND MUNDRA EXPRESS SERVICE
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Mumbai Sales - Mr. Kaushik Valecha 9769963483 kaushik.valecha@coscon.com Mumbai Customer Service - Ms. Minal Bharati 9869082992 minal.bharati@coscon.com
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Secretary DPIIT undertakes site visit of proposed Dighi Port Industrial Area in Maharashtra
NAVI MUMBAI : At the backdrop of the historic and far-reaching decision by Govt. of India on 28th Aug,2024, approving 12 Industrial nodes/cities in the country under the National Industrial Corridor Development Programme, Shri Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, GoI visited the proposed site for development of the Dighi Port Industrial Area (DPIA).
Accompanied by Shri Rajat Saini, CEO & MD - NICDC, Shri P.D. Malikner, MD – Maharashtra Industrial Township Limited and other senior officials and consultants, Secretary-DPIIT visited the key locations of the site and understood the key features of the site.
In a discussion with local stakeholders during a visit to a nearby existing industry in MIDC area, a brief about Dighi Port Industrial Area was given by Secretary- DPIIT He underscored that DPIA proposed over 6,056 acres at a cost of Rs.5,469 Crore will be a port led development due to its proximity to the Dighi Port which is at 55 km from site. He also highlighted that the project shall leverage the nearby Mumbai Goa and Pune-Mangaon Highway to decongest both nearby urban centres of Mumbai & Pune. The upcoming Navi Mumbai Airport shall also be an added advantage for the project.
Secretary- DPIIT also informed that with the sector l i k e g e n e r a l e n g i n e e r i n g , f o o d & b e v e r a g e s , pharmaceuticals etc proposed to set up their manufacturing units at DPIA, an investment of Rs. 38,000
Crore is expected from these industries creating employment opportunities for about 1,14,000 people CEO&MD, NICDC expressed that these are very conservative nos. and these figures are likely to go up due to its USP which is its strategic location and plug-n-play infrastructure with walk to work concept that shall be made readily available for the industries. On being asked about project timelines, Secretary- DPIIT informed that the trunk infrastructure like road, power, utilities, treatment plants, ICT network will be ready in next 3 years. CEO&MD, NICDC added that that a lot of time savings have already been made in terms of master planning, obtaining EC from MoEF&CC and land acquisition which will reduce the turnaround time for industries to start their production once infrastructure is ready and DPIA will be compliant to Industry 4 0 standards making it truly Industrial Smart City Secretary- DPIIT requested the media for an extensive outreach of this prestigious project for the development of Konkan region.
SMP Kolkata sets sail for Global Trade : Bengal Middle East Express connects Haldia Dock Complex to Jebel Ali Port, UAE
KOLKATA : Syama Prasad Mookerjee Port, Kolkata (SMPK) announces the launch of the Bengal Middle East
E x p r e s s ( B M E x ) , a n e w
c o n t a i n e r v e s s e l s e r v i c e connecting the Haldia Dock Complex (HDC) with the Jebel Ali Port in the UAE. This service, initiated by Ocean Salute Line of Singapore in partnership with MBK Logistix Pvt Ltd, this will enhance global connectivity for the port. The inaugural vessel, Yong Yue 11, is set to arrive at HDC on September 6, 2024. The BMEx service will follow a Haldia-Chittagong-Jebel Ali-Haldia route, linking Bengal as well as Eastern-Indian industrial hub with one of the key ports in the Middle East.
Congratulating the team of HDC in this regard, Shri Rathendra Raman, Chairperson of Syama Prasad Mookerjee Port, Kolkata said, "In today's rapidly evolving global trade environment, efficiency and flexibility are essential. We are proud to introduce the Bengal Middle East Express service, which not only establishes a direct connection between Haldia and Jebel Ali but also opens new avenues for trade and economic growth in the region.” “To support this initiative, the Port has offered substantial discounts on vessel-related charges for container vessels calling directly from South East Asia, Far East, and Middle East Ports. This service is a testament to our commitment
to enhancing our port's competitiveness on the global stage and supporting the region's Export-Import trade", Shri Raman further added.
The BMEx service will revolutionize cargo movement by cutting transit times and costs for regional exporters and importers. By bypassing traditional transshipment ports, it reduces delays, lowers operational costs, and avoids congestion This direct route enhances supply chain efficiency, reliability, and competitiveness, giving businesses better access to global markets.
Indian Ports hold key to Global Maritime Trade’s future
According to a report by McKinsey & Company, the Indian mari me sector is currently worth about 130 billion and is expected to grow to 300 billion by 2025.
MUMBAI : Indian ports, with their rich historical heritage and modern strategic importance, serve as important catalysts for economic growth, global trade and extensive employment opportunities. Thus, the Indian ports sector has the potential to play a vital role in India’s journey to becoming a $5 trillion economy.
India has been in the whitelist of the International Maritime Organization for a long time. Such countries have been included in this list which fully comply with the STCW-95 Convention and Code. Countries included in this list should have proper licensing systems, training centers, flag state control and port state control. Due to India being in the whitelist, Indian sellers are in great demand in shipping companies around the world.
Industry experts say that the number of Indian seafarers in global shipping is expected to increase to 20% percent in the next decade. Mainly four factors are responsible for this. According to a report by McKinsey & Company, the Indian maritime sector is currently worth about $130 billion and is expected to grow to $300 billion by 2025. Of this, the share of the shipping industry is estimated to be around $95 billion, while the share of ports will be around $60 billion.
India’s largest private port operator, Adani Ports and Special Economic Zone Limited (APSEZ), has 15 ports and terminals in India. During FY24, APSEZ handled nearly 27% of the country total cargo and around 44% of Container cargo. Additionally, its total cargo handling surged by 24%. In the year 2024, including international ports, 420 MMT of cargo was handled, of which domestic ports have contributed more than 408 MMT APSEZ, Managing Director Karan Adani says, “that by the year 2030, India can achieve the capacity to handle a volume of 100 crore tons and can also become the center point of the region by creating a reliable supply chain for neighboring countries.”
JSW Group Chairman Sajjan Jindal cited the example of Singapore and said, “We can also create such ports which handle not just our own cargo but also of the countries around us.”
More than 90% of goods trade in the world happens through shipping. Indian sellers have an important role in this industry Many big ships of the world are completely dependent on Indian sailors. India is at third position in terms of providing maximum number of sellers to the shipping industry. China is at first and Philippines at second place. According to the Directorate General of Shipping, India’s share in global seafarers is about 10%.
Future of shipping industry in India
All major ports in India handled 817.97 million tons (MT) of cargo traffic in FY2024, up 4.45% from 784.305 MT in FY2023. India’s merchandise exports increased to US$ 451 billion in FY 2023 from US$ 417 billion last year
Maritime market dominance and future
The maritime trade sector is a bustling center of international commerce, with 80% of goods moving across the ocean waves. Powerful countries such as China, the Republic of Korea and Japan are leaders in shipbuilding, accounting for 93% of the total delivered tonnage, with China leading the way with 47%. Meanwhile, the top 10 shipping giants hold a significant 83% share of container capacity, indicating the dominant players in the market.
As we enter 2024, the maritime transportation market is expected to reach a treasury of approximately US$381.69 billion, with the Asia Pacific region leading as the fastest growing region on the maritime map.
The marine market of 2024 is a big ocean full of challenges and opportunities, ranging from green targets
to regulations and some wavy situations like geopolitical tensions and supply chain issues.
Outlook of trade maritime in India
India’s extensive coastline, spanning approximately 7,500 kilometers from the western coast to the eastern coast via the southern region, represents a vast canvas for economic development and trade connectivity Situated at the crossroads of the Indian Ocean, this strategic location positions India as a vital player in the global maritime trade network and offers immense potential for substantial economic growth and development.
Port planning in India is increasingly influenced by advancements in constr uction materials, new technologies, and the impact of globalization trends. The focus is on mechanization and the adoption of technology to improve productivity and efficiency in port operations. Optimized multi-modal transportation systems, closely integrated with road and rail networks, hold the potential to significantly reduce transportation costs and enhance the overall efficiency of port operations.
Major ports in India are increasingly embracing automation, implementing features such as gate automation, enterprise business solutions, and container scanners to enhance efficiency and security. India’s ports play a pivotal role in the nation’s trade, handling 95% by volume and 70% by value through maritime transportation. India’s journey toward maritime progress is marked by significant strides and a clear vision for the future. By embracing innovation, sustainability, and community wellbeing, India’s coastal regions can become dynamic hubs of economic growth and cultural richness, ensuring a brighter future for generations to come.
SHIPPING MOVEMENTS AT GUJARAT PORTS
TIDE 02/09/2024
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Beetle Scorpio Shpg. 03/09
CJ-II Delphinus Delta Waterways 06/09
CJ-III Pegasus 02 DBC 05/09
CJ-IV Josco Changzhou JMBaxi 04/09
CJ-V Abdullah Benline 05/09
CJ-VI Gemma Upsana Shpg. 03/09
CJ-VII G Taishan
CJ-VIII VACANT
CJ-IX Aggelos B Ocean Harmony 04/09
CJ-X Eastern Edelweiss MNK & CO. 05/09
CJ-XI VACANT
CJ-XII VACANT
CJ-XIII African Baza Aditya Marine 03/09
CJ-XIV DL Tulip DBC 05/09
CJ-XV Weco Laura Synergy 05/09
CJ-XVA Endeavor Synergy 03/09
CJ-XVI Tan Zhou Lun Trueblue 04/08
TUNA VESSEL'S NAME AGENT'S NAME ETD Flag Seaman Taurus 03/09 Kotrag Parekh Marine 04/09
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Jag Vikram
OJ-II Chem Neon Samudra 03/09
OJ-III Maritime Nodric
OJ-IV Champion Ebony GAC Shpg. 03/09
OJ-V Stolt Ebony JMBaxi 03/09
OJ-VI Sanman Sitar Malara Shpg. 03/09
OJ-VII Baleen Interocean 03/09
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
GF Trader 29/08 Yemen
Cenda 29/08
African Baza 29/08 USA
SCI Chennai 29/08 Pipavav-CochinTuticorin-Kattupalli
Jules Point 31/08 Morocco
Hansa Europe 31/08 Nhava ShevaJebel Ali-DammamShuiba-Umm Qasr
Newsun Symphony 01/09
Reinhold Schulte 01/09 USA
GF Trader DBC 18/08
Eva Global Seascape 20/08
Suvari Reis DBC 24/08
Alineat Mitsutor 25/08
Vienna Parekh Marine 23/08
Rek R (OTB) JMBaxi 31/07
Royal Arnav Shpg. 24/08
Hai Nam 89 JMBaxi 21/08
Obe Dinares Interocean 27/08
VIMC Freedom Jeel Kandla 30/08
Libra Anline Shpg. 29/08
Eleen Armonia Trueblue 28/08
Senorita Trueblue 30/08 Golden ID DBC 30/08
DEENDAYAL PORT
VESSELS IN PORT & DUE
Stream Rek R (OTB) JMBaxi
02-Sep Star Copenhagen Asia Shpg.
Tan Zhou Lun Trueblue
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
02-Sep Belmar Asia Shpg.
02-Sep CSSC Cape Town Dariya Shpg.
Stream Diomand Inayat Cargo
(100 Pcs) INIXY124080676
CJ-XIV DL Tulip DBC Australia 30,187 JAS AUS Logs INIXY124080548
CJ-X Eastern Edelweiss MNK & CO. China 1,714/5,235/6,374 T. S. Pipes/S.coils/PVC Resin
Stream Eva Global Seascape 17,247 T. Coal In Bulk
Stream Hai Nam 89 JMBaxi China 18,786/3258/421/247 T Alumina Ball (J.Bags) INIXY124080482
02-Sep Hafnia Caterina Interocean 14,500 T. CDSBO In Bulk
Stream Howes Joanna Mitsutor Argentina 5,404/1,365/114 T. HRC/ Wire Rod/P. Cargo INIXY124080569
03-Sep Gerdt Oldendorff Seascape
50,173 T. Metcoke In Bulk
CJ-IV Josco Changzhou JMBaxi China 13,563/2,236 T. PVS Resin J Bags/Equipment INIXY124080363
Stream Lowlands Corso Mihir & Co.
37,234 CBM P Logs
Tuna Kotrag Parekh Marine Visakhapatnam 50,000 T. I/Ore In Bulk INIXY124080559
03-Sep New Noble DBC Japan 2,536/42 T. CRC/Eye Up Coils (334/20 Pcs) INIXY124080621
Stream Royal Arnav Shpg.
54,991 T. Yellow Maize In Bulk INIXY124080572
Stream Vienna Parekh Marine China 8,511/2,527/2,142/4,921 T. HRC/S.Tubes/P. Cargo INIXY124080553
Stream VIMC Freedom Jeel Kandla
CJ-XV Weco Laura Synergy
10,102 T. Scrap In Bulk INIXY124080660
37,819 CBM Pine Logs INIXY124080573
LIQUID CARGO VESSELS
Stream Alithini II Interocean
OJ-VII
Stream Bocehm Rotterdam JMBaxi
02-Sep Bow Cedar GAC Shpg.
OJ-II Chem Neon Samudra Saudi Arabia
OJ-IV
Vessels Name
INIXY124080669
INIXY124080582
INIXY124080678
INIXY124080679
KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)
03-Sep SCI Mumbai (SMILE) SCI Chennai Pipavav-Cochin- I./E. TEUs. Tuticorin-Kattupalli
Cap San Lazaro (V-434W) Nhava Sheva 27-08-2024 Zhong Gu Hang Zhou (V-4002E) Karachi 28-08-2024 SSL Brahmaputra (V-918W) Nhava Sheva 31-08-2024
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
Ian H 2403E 2403080 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS)
04/09 04/09-AM Zhong Gu Gui Yang 2429E 2403013
PIPAVAV PORT
08/09 07/09-1800 Maersk Seletar 435W 24288 Maersk Line Maersk India Algeciras
13/09 12/08-1800 Maersk Hartford 436W (MECL)
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS 03/09 02/09-2200 One Hangzhou Bay 056E 24280 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 04/09 03/09 03/09-0800 MOL Creation 093E 24291 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 04/09
04/09 04/09-0200 GSL Nicoletta 436E 24286 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 05/09 11/09 11/09-0200 Maersk San Clemente 437E X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 12/09 18/09 18/09-0200 X-Press Odyssey 438E Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 19/09 02/09 02/09-0600 Aka Bhum 023E 24292 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 03/09 04/09 01/09-2100 Pusan 33E 24289 Gold Star / RCL Star Shpg/RCL Ag. (CIXA) 05/09 14/09 13/09-2100 OOCL Hamburg 152E 24295 14/09 09/09 09/09-1100 Dimitris Y 247E 24296 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 10/09 17/09 17/09-1100 One Reliability 007E ONE ONE (India) (TIP) 18/09 10/09 10/09-0900 BLPL Blessing BLPL Transworld GLS Far East Ports 10/09 23/09 23/09-2200 Xin Ya Zhou 164E 24281 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 24/09 Nansha, Port Kelang (CI1) TO LOAD FOR
WEST ASIA GULF, RED SEA
& EAST AFRICAN PORTS 08/09 07/09-1800 Maersk Seletar 435W 24288 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 09/09 10/09 09/09-0300 Seaspan Jakarta 436W 24294 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX) 10/09 TO LOAD FOR INDIAN SUB CONTINENT PORTS & COASTAL SERVICE In Port —/— SM Manali 0045 24285 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 02/09 Krishnapatanam, Cochin, Mundra. (CCG)
04/09 04/09-0200 GSL Nicoletta 436E 24286 Maersk Line Maersk India Colombo. (NWX)
04/09 01/09-2100 Pusan 33E 24289 05/09 09/09 09/09-1100 Dimitris Y 247E 24296 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo. 10/09 17/09 17/09-1100 One Reliability 007E ONE ONE (India) (TIP)
12/09 12/09-0600 SSL Gujarat 159 SLSSLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 13/09 14/09 14/09-0600 SCI Chennai 2410 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE) 15/09 23/09 23/09-2200 Xin Ya Zhou 164E 24281 COSCO COSCO Shpg. Karachi, Colombo (CI1) 24/09 TO LOAD FOR US & CANADA WEST COAST 03/09 02/09-2200 One Hangzhou Bay 056E 24280 ONE ONE (India) Los Angeles, Oakland. (PS3) 04/09 08/09 07/09-1800 Maersk Seletar 435W 24288 Maersk
SHIPPING MOVEMENTS AT ADANI
HAZIRA PORT
Indian consumer pays a high cost for logistics : Adani Group CFO
AHMEDABAD : The Adani GroupAdani Enterprises in particular - is investing considerably in energy and logistics in the country as Indian consumers pay a high cost for inefficiencies in transportation, said the Group’s Chief Financial Ofcer Jugeshinder Singh
With respect to the public listing of its incubating businesses, Singh also said that it was sticking to its plan to demerge the airport business and list it by 2027-28.
The logistics cost in India was around 13 per cent of the GDP compared to 7 per cent in the US. “So, India is paying, consumers are paying, around $400 billion in extra logistics costs,” Singh said, adding, “that is why we are investing in logistics,” as well as energy and transportation.
The group has Adani Ports and Special Economic Zone, the largest privately owned ports operator in the country, while under Adani Enterprises it has roads and airports. In the energy sector, it has Adani Green Energy, Adani Energy Solutions, Adani Power and Adani Total Gas. The two segments form a significant chunk of its business portfolio, and this is where it is channelling its investments.
Singh was giving a broad context for the group and Adani Enterprises, the incubator of infrastructure assets, at the launch of the company’s maiden bond issue in India. It is raising up to ₹800 crore through the issue of non-convertible debentures which opens on September 4 and closes on
Bangladesh unlikely to reroute
September 17. The issuance has three tenors of 24 months, 36 months and 60 months with coupons of 9.25 per cent at the lowerendofthetenorgoingupto9 9percentattheupperend
Most of the funds raised would be used to service debt.
Singh said the purpose of the issue was to dip its toes into the Indian debt markets so that domestic investors can also subscribe to the issue and participate in the growth of the company and the group. “This is our small start in public debt securities to allow individual shareholders to participate in debt securities, where the return on that security will exceed any fixed deposits returns.”
On the theme of energy security and reliance on local funding, Singh said that it was not appropriate to rely on global capital to build infrastructure and energy assets in India and should be owned by local stakeholders The company and the group would be introducing innovative products in the Indian markets where domestic investors would invest, he said.
The NCD issue, rated ‘A+’ by CARE, is expected to find takers among corporates, high-networth individuals and retail investors. There is an allocation of 30 per cent for retail individual investors.
With respect to accessing global debt capital or domestic debt capital, Singh said that capital fundraising was dictated by the nature of the infrastructure which required funds with a long-term maturity “We have to match the duration of the underlying business to the duration risk.”
external trade through Indian Ports
DHAKA : Bangladesh Government won’t encourage businesses to use Indian ports for rerouting export-import trade as no special facility comes therefrom and a local deep-sea port is forthcoming, sources say
Vessel traffic from the under-construction Matarbari deep-sea port is not far off now-its operation is expected by 2026. Officials concerned also have taken such a decision as the Indian ports may not be able to offer to Bangladesh any special facility compared to the regional transhipment ports in Colombo, Singapore and Port Klang.
They also point out that deployment of a adequate number of feeder vessels between Chittagong and Indian ports would be necessitated by the mother- vessel operators to launch shipping service on this route.
It is not clear whether the mother-or feeder-vessel operators will agree to deploy vessels on this route by considering business prospects, they have said.
SM Mostafa Kamal, a joint secretary at the ministry of shipping, led a 13-member Bangladeshi delegation early July to visit ports in Chennai, Krishnapatnam, Kolkata, Haldia and Vishakhapatnam.
The familiarisation trip aimed at observing the technical feasibility, commercial viability, and infrastructure facilities at the Indian ports and to discuss what additional facilities they can offer if Bangladeshi businesses use the ports for external trade.
The Bangladeshi delegation undertook the visit to Indian ports as a follow-up to a decision made at the IndoBangla shipping secretary-level meeting held in Dhaka.
Mr Kamal told the FE Wednesday that, while visiting the ports, the delegation members asked the port authorities to let them know in writing what additional facilities can be offered to Bangladeshi businesses for carrying out thirdcountry export-import business using the ports.
“However, one and a half months have passed by since their visit, but the Indian port authorities didn’t communicate further,” he said.
“We will hold a meeting of the delegation members soon and submit a report to the Ministry,” he added.
Mr Kamal thinks cargo diversion to Indian ports would entail a big loss for the Matarbari deep-sea port which is expected to start operation in a few years time now
Bangladesh’s total annual external trade now stands at some US$120 billion maximum of which is being transported through Chittagong seaport However, increased congestions at the Chittagong port few years back forced Bangladeshi traders to look for alternative routes to carry export-import cargoes in a faster way As such, the issue was discussed at the India-Bangladesh shipping secretary-level meeting in 2023. At the meeting decision was made on assessing the technical feasibility and commercial viability of using the Indian ports, the officials said.
Coal Ministry identies 38 rail projects for fast-tracking under coal logistics plan
NEW DELHI : The Ministry of Coal has identified 38 priority rail projects under the coal logistics plan that will be fast-tracked in close coordination with the Ministry of Railways. “These projects are essential for improving rail connectivity, ensuring timely coal supply, and reducing logistics costs, thereby enhancing the overall efficiency of coal transportation across the country,” said the Ministry of Coal in a statement.
The Coal Ministry has recently unveiled a strategic plan focusing on the development of critical logistics projects to develop a robust coal evacuation network across the country “A robust coal evacuation network is critical for
bolstering India’s energy security, ensuring a consistent and reliable supply of coal to meet the growing demands of the country’s power plants and industries,” said the Ministry
“In its relentless pursuit to transform India’s coal sector, the Union Government is spearheading a comprehensive strategy aimed at fast-tracking infrastructure development and fostering collaboration among key stakeholders. This initiative is a cornerstone in the Ministry’s vision to position India as a global leader in sustainable coal production and logistics, aligning with the broader goal of a prosperous and developed nation by 2047,” it added.
m.v. “MSC AZRA” Voy : FD427E I. G. M. NO. 2386698 Dtd. 29/08/2024
The above vessel is arriving at MDPT (MUNDRA) with Import cargo from AL AQABAH, ANCONA, ASHDOD, BAHRAIN, BANJUL, BARCELONA, BEJAIA, BOSTON, CARTAGENA, COEGA, COLON, DAMMAM, DJIBOUTI, DURBAN, FOS-SURMER, GENOA, HOUSTON, JEBEL ALI, JEDDAH, KINGSTON, KOPER, LA SPEZIA, LIBREVILLE, LOME, LONGONI, LOS ANGELES, MALAGA, NEW YORK, PARAMARIBO, PARANAGUA, PLOCE, POINTE NOIRE, PORT LOUIS, PT EVERGLADES, RAVENNA, RIJEKA, SALERNO, SAN JUAN, SANTOS, SAVANNAH, SHUWAIKH, SOHAR, SOKHNA PORT, TAMATAVE, TRIESTE, TUNIS, VALENCIA, VANCOUVER, VENICE, VILA DO CONDE, VITORIA.
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
NITI Aayog policy brief highlights need for modernizing Madhya Pradesh’s logistics sector
INDORE : The logistics ecosystem of Madhya Pradesh is still governed by conventional infrastructure and practices. Thus, there is need to adopt best practices from other states and take advantage of national schemes and projects. This will help Madhya Pradesh to become country’s logistics hub. This is the finding of Madhya Pradesh Rajya Niti Ayog’s Policy Brief 2024 on Pathways to STI (Science, Technology and Innovation) led Growth of Madhya Pradesh.
According to report, Madhya Pradesh does not have a separate Logistics Policy. The sector and its incentives are covered under the industrial investment policy, which was amended in 2018. The state needs to create an environment that supports adaptation to advance technologies, training and capacity building, attracting benefit in logistics sector Some of the constant challenges, which state and the stakeholders are facing include high cost of movement and repositioning. As a result, it raises the overall cost of logistics and further reduces the competitiveness of state export mechanism.
Another challenge is underdeveloped material handling
infrastructure. This speaks about unorganised warehousing landscape dominated by small warehouses, lack of cold storage facilities and an absence of value-added services. The state also lacks single user and proper racking facilities. Another drawback is unavailability of truck terminals and resting places for drivers. Such bottlenecks create an overall impact on national level logistics sector ranking of states.
On Logistics Ease Across the Different States (LEADS), an annual ranking exercise conducted by Union Ministry of Commerce and Industry, Madhya Pradesh is ranked 17th on 2021 index compared to 9th position on 2019 index. The policy brief recommends improvement in institutional framework, granting Logistics Parks as infrastructure and priority status, formulating digital platform, website for logistics.
Besides, sector needs to stay updated with emerging trends in technology and also adopt smart enforcement measures. This includes installation of Automatic Number Plate Recognition System, which allows cross checking of number plates and names as specified in e-way bill from central database.
Chennai leads as top contributor to industrial and logistics space in H1 2024
NEW DELHI : New supply of Industrial & Logistics (I&L) space in Chennai bounced back strongly in the first half of 2024 with 3.4 million sq ft (MSF) – the highest among all cities. Chennai will be one of the primary contributors of I&L supply in H2 2024, said Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & Africa, CBRE.
Chennai topped the list in the first half of 2023 but lost to Mumbai in the second half. However, in the first half of this year, the city bounced back helped by strong demand from engineering and manufacturing players.
Key locations for I&L includes Sriperumbudur, Oragadam, Mannur, Red Hills, Angadu, Koduvalli and Kannigaipair, Mevalurkuppam, Gummidipoondi and Ponneri, Paiyanur, Maraimalai Nagar, he said.
Magazine said Chennai’s I&L landscape is evolving due to rising demand from multiple sectors, with engineering and manufacturing players dominating the sectoral shares. Due to Chennai’s rising prominence as an important manufacturing hub and the development of several industrial parks across the northern and western corridors, developers and investors are keen on exploring the region to build new
warehousing portfolios. This is reflected in the supply, which has increased significantly over the past few years.
Chennai recorded the highest pan-India supply of 3.4 MSF in H1 2024, which was around 1.4 MSF in H1 2019. Over the last two years, the supply has increased by more than 2X. This stands as a testament to the fact that Chennai has all the reasons to shine bright. Looking ahead, it is likely that sectoral leasing will pick up pace in the second half of 2024 as consumer demand will surge during the upcoming festive season Current momentum indicates that Chennai will be a primary contributor to I&L supply in H2 2024, said Magazine.
A CBRE release cites some key transactions recorded in the first half: Butterfly leasing 250,000 sq. ft. in NDR Industrial & Logistics Park, Crompton Greaves leasing 200,000 sq. ft. in NDR Industrial & Logistics Park, and Silueta leasing 100,000 sq. ft. in Greenbase Industrial & Logistics Park, says a CBRE release. One of the major deals was CapitaLand India Trust (CLINT) signing a forward purchase agreement with Casa Grande Group to acquire three industrial facilities with a total net leasable area of 0.79 million sq ft at OneHub Chennai, India, for $32 million.
Fintech hub at GIFT City to become functional by January 2025
GANDHINAGAR : The International Fintech Innovation Hub — being set up with the assistance of Asian Development Bank (ADB) in GIFT City will become functional by January 2025 after a start-up accelerator and an institute, aimed at creating a fintech talent pool, become operational, officials said. “There are more than 100 fintech firms in GIFT City. The total employment has now crossed 25,000 and in the next five years we plan to touch 1.5 lakh employees. About 90 per cent of this talent pool needed will be related to finance or technology,” Saurabh Singhal, Chief Commercial Officer & Chief FinTech Officer of GIFT City told on the sidelines of the ‘Global Fintech Fest 2024’ “To promote more fintech companies to come to GIFT City, we have tied up with ADB to create an international fintech innovation hub. This hub will have three distinct pillars. We will set up an international fintech institute and we are in the process of recruiting an institute of an international repute with an Indian partner to come and train people on fintech and create a talent pool,” he added. In February 2024, ADB had approved a ₹23 million loan for fintech education, research and innovation at GIFT City
Research & Development
Singhal said the innovation hub will also have a fintech
incubator and an accelerator for promoting new start-ups in the fintech space from GIFT City The third pillar of the hub is a research centre to promote fintech research and development.
“This will enable us to create talent, new start-ups and research which will all feed into this financial ecosystem at GIFT City,” he added. GIFT City is in the process of closing the RFP for the accelerator and is expecting to award the same by September “We are hoping to start both the institute and start-up accelerator in January next year,” Singhal added. Speaking about the possible fintech courses that will be offered by the new institute, he said, “GIFT is fairly unique due to the cross-border use cases. We have realised that the native talent produced in the current university system is not catering to the demands. The courses that will be rolled out by the new institute will be focussed on cross-border financial services use cases. There will be courses on Data Analytics, Artificial Intelligence, which are the future of fintech. These are issues which we will work on when we select the partner.” The GIFT City official also said that the courses offered in GIFT City will be unique and not a replica of courses offered by campuses in India.
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Narendra Modi lays foundation stone of Vadhvan Port worth around Rs 76,000 crore in Palghar
• “First thing I did a er coming to Maharashtra was to bow my head at the feet of my revered god Chhatrapa ShivajiMaharajandaskforforgivenessforwhathappenedinSindhudurgafewdaysago”
• “Takinginspira onfromChhatrapa ShivajiMaharaj,wearemovingforwardrapidlyontheresolu on of ViksitMaharashtra-ViksitBharat”
• “Success of women in Maharashtra is proof that women power of the 21st century is ready to give a newdirec ontosociety”
Cont’d from Pg.2
The projects include laying the foundation stone of Vadhvan Port at a cost of around Rs 76,000 crore, and inauguration and laying the foundation stone of 218 fisheries projects worth around Rs 1,560 crore. Shri Modi launched the national rollout of Vessel Communication and Support system at a cost of around Rs 360 crore. The Prime Minister also laid the foundation stone for important fishery infrastructure projects including development, upgradation and modernization of fishing harbours, fish landing centers and construction of fish markets. He handed out transponder sets and Kisan Credit Cards to fishermen beneficiaries.
The Prime Minister began his address by paying tribute to Sant Senaji Maharaj on his punya tithi. Shri Modi spoke from his heart and recalled the time in 2013 when he was nominated for the post of Prime Minister and mentioned visiting the Raigarh Fort as the first thing to pray before the Samadhi of Chhatrapati Shivaji Maharaj. He said that he was blessed with the same ‘bhakti bhav’ with which he revered his master and took on the new journey to serve the nation. Referring to the unfortunate incident in Sindhudurg, the Prime Minister underlined that Shivaji Maharaj is not merely a name, a revered king or a great personality but a God. He tendered his humble apology by bowing at the feet of Shri Shivaji Maharaj and said that his upbringing and his culture make him different from those who intend to disrespect the great son of the land, Veer Savarkar, and trample the feeling of nationalism “People of Maharashtra should remain wary of those who disrespect Veer Savarkar and feel no remorse for it”, the Prime Minister said. Shri Modi underlined that the first thing he did after visiting Maharashtra was to apologize
to his God, Chhatrapati Shivaji Maharaj. He also asked for forgiveness from all those who worship Shivaji Maharaj.
Hailing the day as historic in both the state and the country’s development journey, the Prime Minister said his government has taken major steps for the growth of Maharashtra in the last 10 years as “a Viksit Maharashtra is the most crucial element of the resolution of a Viksit Bharat .” Referring to the state’s historic maritime trade, Shri Modi said the state has the potential and resources to grow due to its coastal proximity, holding immense possibilities for the future. “The Vadhvan Port will be the country's largest container port and will be counted among the world’s deep water ports. It will become an epicenter of trade and industrial development for Maharashtra and India,” he said. The Prime Minister congratulated the people of Palghar, Maharashtra and the entire nation for the Vadhvan Port Project.
Recalling the recent decision by the government to develop the Dighi Port Industrial Area, the Prime Minister said that it is an occasion of double happiness for the people of Maharashtra. He informed that the industrial area will be developed in Raigarh, the capital of Chhatrapati Shivaji Maharaj’s empire. Therefore, the Prime Minister said, Dighi Port will become an identity of Maharashtra and a symbol of Chhatrapati Shivaji Maharaj’s dreams He stated that it will encourage tourism and eco-resort.
Congratulating the entire fishermen community, Prime Minister Modi said that foundation stones for projects related to the fishermen worth more than Rs 700 crore have been laid today and projects worth more than Rs 400 crore have also been inaugurated all across the country. He mentioned Vadhvan Port, the development of Dighi Port Industrial Area and multiple schemes for fisheries and said that all development work has been made possible by the blessings of Mata Mahalakshmi Devi, Mata Jivdani and Bhagwan Tungareshwar.
Narendra Modi lays foundation stone of Vadhvan Port worth around Rs 76,000 crore in Palghar
Cont’d from Pg. 21 R e f e r r i n g t o India’s golden age, the Prime Minister held that there was a time when Bharat used to be counted among the most strong and prosperous nations due to its maritime capabilities. “People of Maharashtra are well-versed in this potential. Chhatrapati Shivaji Maharaj took India’s maritime capabilities to new heights with his policies and strong decisions for the development of the country,” Shri Modi said, adding that even the entire East India Company could not stand in front of Darya Sarang Kanhoji Yaganti. The Prime Minister said that the previous governments failed to pay heed to Bharat’s rich past. “This is New India. It learns from history and recognizes its potential and pride”, the Prime Minister remarked, adding that New India is creating new milestones in maritime infrastructure by leaving behind every trace of the shackles of slavery
The Prime Minister emphasized that development on India's coast has gained unprecedented speed in the last decade. He gave examples of modernizing ports, developing waterways, and efforts to encourage shipbuilding in India. “Lakhs of crore of rupees have been invested in this direction”, PM Modi highlighted that the results can be witnessed through the doubled handling capacity of most ports in India, an increase in private investments and a significant reduction in the turnaround time of ships The Prime Minister underlined that it has benefitted the industries and businessmen by bringing the costs down, while new opportunities are being created for the youth. “Facilities for sailors have also increased”, he added.
“Entire world is looking towards Vadhvan Port today”, the Prime Minister said as he highlighted that very few ports in the world can match Vadhvan Port’s depth of 20 meters He underlined the port would transform the economic landscape of the entire region due to railway and highway connectivity He mentioned that it would create opportunities for new businesses and warehousing owing to its connectivity to the dedicated Western Freight Corridor and proximity to the Delhi-Mumbai Expressway “Cargo will flow in and out of the region throughout the year, thereby benefiting the people of Maharashtra”, he added.
“Development of Maharashtra is a huge priority for me”, PM Modi said, highlighting the gains made by Maharashtra through ‘Make in India’ and ‘Atmanirbhar Bharat Abhiyan’ programs. Noting Maharashtra’s key role in India’s progress, the Prime Minister lamented the efforts by those trying to stall development.
Lamenting the efforts of the previous government for stalling the Vadhvan Port project for almost 60 years, the Prime Minister said that India required a new and advanced port for maritime trade but the work in this direction did not start until 2016 It was only after Devendra Fadnavis came to power that this project was taken seriously and it was decided to create a port in Palghar by 2020. However, the project again got stalled for 2.5 years due to a change in government, he said. The Prime Minister informed that an investment of several
lakh crore of rupees is estimated in this project alone and about 12 lakh job opportunities will be created here. He also questioned the previous governments for not allowing this project to proceed.
The Prime Minister emphasized that the fishermen community of India are the most important partner when it comes to ocean-related opportunities. Recalling his conversation with the beneficiaries of the PM Matsya Sampada scheme, the Prime Minister highlighted the transformation of the sector in the last 10 years owing to government schemes and its spirit of service. Informing that India is the second-largest fish-producing country in the world, the Prime Minister pointed out that in 2014, 80 lakh tonnes of fish were produced in the country compared to 170 lakh tonnes of fish today “Fish production has doubled in just 10 years”, he exclaimed. He also stated India's growing seafood exports and gave the example of shrimp export worth more than Rs 40 thousand crore today compared to less than Rs 20 thousand crore ten years ago. “Shrimp export has also more than doubled today”, he added, crediting its success to the Blue Revolution Scheme which helped in creating lakhs of new employment opportunities.
Throwing light on the government’s efforts to boost women's participation in the fisheries sector, the Prime Minister mentioned assisting thousands of women under PM Matsya Sampada Yojna He spoke about advanced technologies and satellites and mentioned the launch of the Vessel Communication System today which will become a blessing for the fishermen community. Shri Modi declared that the government plans to install 1 lakh transponders on vessels used by fishermen to establish uninterrupted connectivity with their families, boat owners, fisheries department and coast guards. This, the Prime Minister said, will help fishermen communicate in times of emergency, cyclones or any untoward incidents through the help of satellites. “It is the government’s priority to save lives during any emergency”, he assured.
The Prime Minister informed that more than 110 fishing ports and landing centers are being built for the safe return of fishermen's vessels. Giving examples of cold chain, processing facilities, loan schemes for boats and PM Matsya Sampada Yojana, the Prime Minister said that the government is paying more attention to the development of coastal villages while fishermen government organizations are also being strengthened.
The Prime Minister stated that the present government has always worked for those belonging to the backward classes and gave opportunities to the deprived, whereas the policies formed by previous governments always held the fishermen and tribal community at the margins with not even a single department for the welfare of tribal communities in such large tribal-dominated areas in the country “It is our government which created separate ministries for both fishermen and tribal communities. Today, the neglected tribal areas are availing benefits of PM JanMan Yojana and our tribal and fishermen communities are making a huge contribution towards the development of our country,” Shri Modi remarked.
Narendra Modi lays foundation stone of Vadhvan Port worth around Rs 76,000 crore in Palghar
Cont’d from Pg. 22
T h e P r i m e
Minister lauded the state government for i t s w o m e n - l e d development approach and said that Maharashtra is laying the path of women empowerment for the nation. Referring to women doing an excellent job in many high positions in Maharashtra, the Prime Minister mentioned Sujata Saunik who is guiding the state administration as Chief Secretary for the first time in the state’s history of the state, DGP Rashmi Shukla leading the state police force, Shomita Biswas leading as the head of the state's Forest Force and Suvarna Kewale handling the responsibility as the head of the state’s Law Department. He also mentioned Jaya Bhagat taking charge as Principal Accountant General of the state, Prachi Swaroop leading the Customs Department in Mumbai and Ashwini Bhide as the MD of Mumbai Metro. Referring to women in Maharashtra in the field of higher education, the Prime Minister mentioned Lieutenant General Dr Madhuri
Kanitkar, the Vice Chancellor of Maharashtra Health University, and Dr Apoorva Palkar, the first Vice Chancellor of Maharashtra's Skills University “Successes of these women are proof that women power of the 21st century is ready to give a new direction to society”, Shri Modi remarked adding that this woman power is the biggest foundation of Viksit Bharat.
Concluding the address, the Prime Minister said that this government works with the belief of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas ’ Shri Modi expressed confidence that the state will reach new heights of development with the help of the people of Maharashtra. Governor of Maharashtra, Shri C P Radhakrishnan, Chief Minister of Maharashtra, Shri Eknath Shinde, D e p u t y C h i e f M i n i s t e r s o f M a h a r a s h t r a , Shri Devendra Fadnavis and Shri Ajit Pawar, Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal and Union Minister of Fisheries, Animal Husbandry and Dairying, Shri Rajiv Ranjan Singh were present on the occasion among others.
Prime Minister Shri Narendra Modi lays foundation stone of Vadhvan Port worth around Rs 76,000 crore in Palghar, Maharashtra and launches development works in Palghar
