GUJ-03-10-2024

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: (022)22661756 / 1422, 22691407

: (079) 26569995, E-Mail:dstgujarat@gmail.com

: (02836)222665/225790, E-Mail:dstimeskdl@gmail.com

Gujarat Maritime Board & Petronet LNG signed Supplementary Concession Agreement for PLL’s Second LNG Jetty

GANDHINAGAR: Petronet LNG Limited (PLL) and Gujarat Maritime Board (GMB) signed Supplementary Concession Agreement for PLL’s Second LNG Jetty at Dahej.

Shri Rajkumar Beniwal, VC & CEO, GMB and Shri Pramod Narang, Director (Technical), PLL on 26th September 2024 at GMB, Gandhinagar

Deendayal Port Authority achieves New Milestone in Cargo handling by crossing 70 MMT in Record time

GANDHIDDHAM:

D e e n d a y a l P o r t Authority, Kandla is proud to announce a significant milestone in cargo handling, achieving 70 MMT

this fiscal year a remarkable feat accomplished 16 days ahead of the previous fiscal. Last year, the 70 MMT mark was reached on 14th October, 2023, highlighting the rapid growth and efficiency improvements at Port.

This achievement reflects the collective efforts and support of all port users and stakeholders, as well as the dedication of port officials, employees, workers and trade unions.

Several cargoes contributed to this impressive growth in cumulative tonnage during the current fiscal year compared to the corresponding period of the last fiscal: Imports Category: Phosphoric acid, chemicals, MOP (finished fertilizers), rock phosphate, iron scrap, food grains, iron ore, machinery, sugar, timber, coking coal and crude oil have all shown an increase in tonnage

Pg. 23

Govt extends export benefits under RoDTEP till September 2025

NEW DELHI : The Government has extended benefits under the RoDTEP scheme for exports made from Domestic Tariff Area (DTA) units for one year till September 30, 2025. The scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) provides for refund of taxes, duties and levies that are incurred by exporters in the

process of manufacturing and distribution of goods and are not being reimbursed under any other mechanism at the Centre, state, or local level.

Launched in January 2021, the scheme was valid till September 30.

The Directorate General of Foreign Trade (DGFT) said in a notification that for Advance

Authorisation (AA) holders, Export Oriented Units (EOUs) and Special E c o n o m i c Z o n e s ( S E Z s ) , t h e s

December 31 this year.

"The RoDTEP scheme is being extended for exports made from DTA units till September 30, 2025, a n d A A / E O U / S E Z u n i t s t i l l December 31, 2024," it said.

Interest equalisation scheme for exporters extended for another 3 months; capped at Rs 50 lakh

NEW DELHI : The Government h a s e x t e n d e d t h e i n t e r e s t equalisation scheme on pre- and postshipment rupee export credit for three more months till December 31 to promote the country's outbound shipments. The scheme, which provides exporters interest benefits, ended on September 30.

In a trade notice, the Directorate General of Foreign Trade (DGFT) said, "Trade and Industry is hereby i n f o r m e d t h a t t h e I n t e r e s t

Equalisation Scheme for Pre and Post shipment Rupee Export Credit, which had earlier been extended till September 30, 2024 has been further extended by three months up to December 31, 2024".

It also said the fiscal benefits of each MSME, on aggregate, will be restricted to Rs 50 lakh for 2024-25 till December 2024.

"MSME manufacturer exporters who have already availed equalisation benefit of Rs 50 lakh or more till 2024-

25 till September 30, 2024, will not be eligible for any further benefit in the extended period," it said, adding, "this extension shall be valid for three months or such revised approval, which would be received prior to the lapse of the extension of three months".

On December 8, 2023, the Union Cabinet approved an additional allocation of Rs 2,500 crore for the continuation of the scheme up to June 30.

Commerce and Industry Minister Shri Piyush Goyal discusses investment avenues with existing and potential US investors

WASHINGTON - The Union Minister of Commerce and Industry, ShriPiyushGoyal, commenced his four-day visit to the United States on September 30, 2024. Minister Goyal began the tour with discussions with existing and potential US investors highlighting to them the avenues for cooperation in various sectors.

On Day-1, Minister Goyal chaired a roundtable discussion with young CEOs and entrepreneurs of Indian origin in New York organized by the Consulate General of India The interaction session allowed the young entrepreneurs to articulate their views on the business landscape of India and provide suggestions for reforms. In his remarks, Minister G o y a l e m p h a s i z e d o n t h e transformative reforms undertaken under the leadership of Prime Minister Shri. Narendra Modi, which has propelled India's remarkable growth over the past decade

He invited American companies to leverage India’s unmatched scale and take advantage of the "Make in India" initiative, particularly in high-tech

production. During the course of the day, Minister Goyal also held one-onone meetings with several CEOs discussing new areas of collaboration, p a r t i c u l a r l y i n a d v a n c e d manufacturing, pharmaceuticals, robotics, artificial intelligence, and sustainable technologies.

M i n i s t e r G o y a l m e t w i t h Mr. Chintu Patel, Co-CEO, and Mr. Chirag Patel, President & Co-CEO of Amneal Pharmaceuticals. They explored ways to enhance India’s pharmaceutical ecosystem for high-end R&D, including biologics, a n d i m p r

d m

n u f a c

n g capabilities to establish a robust global supply chain.

In his meeting with Mr Stephen Schwarzman, CEO, Blackstone,

Minister Goyal took note of the fact that the company has already invested about USD 50 billion in India and is one of the largest commercial and real estate investors in India Minister Goyal highlighted the p o t e n t i a l f o r i n f r a s t r u c t u r e development in India, wherein the emphasis of the Government is to develop quality infrastructure in the c o u n t r y f o r i m p r o v i n g l i v i n g standards, making it easier to do business and reducing logistics costs.

The President of Warburg Pincus, Mr Timothy F. Geithner also called on the Minister for a one-onone discussion that covered various areas where there is scope for further improving the ease of doing business.

The day ended with a freewheeling discussion with CNBC global market reporter, Ms SeemaMody on the emerging opportunities in India and the strong economic ties between India and the United States.

Private Terminal Operators may soon get to fix tariffs

soon free up tariff fixation for existing private terminal operators a

Central Government, officials said The move is aimed at giving flexibility to private operators in deciding tariffs.

As per the tariff migration guidelines being firmed up, all Public-Private Partnership (PPP) concessionaires will be allowed to frame their Scale of Rates (SoR) and shift to market-based tariffs, a government official said.

“This will usher in a level playing

partnership terminal operators that have been adhering to multiple tariff regimes,” the official said. These tariff guidelines will apply to all the PPP concessionaires a t m a j o r p o r

added.

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

DP WORLD MUNDRA

FOR WEST ASIA GULF PORT

04/10-AM Terataki 2412 4093538 Asyad Line Seabridge Marine Haiphong, Laem Chaban, Jakarta (IEX)

11/10-AM Northern Guard 926E 4093510 Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 12/10 10/10 10/10-AM X-Press Cassiopeia 24040E 4093596 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 11/10 20/10 19/10-PM X-Press Phoenix 442E —/— Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX) 21/10 14/10 14/10-AM Zhong Gu Hang Zhou24003E 4093600 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC) 15/10 —/——/— TBA —/——/— Asyad Line Seabridge Marine Shangai, Ningbo, Shekou (FEX) TO LOAD FOR INDIAN SUB CONTINENT

07/10 07/10-AM Maersk Cardiff 440W —/— Maersk Line Maersk India Colombo (MW2 MEWA) 08/10 14/10 14/10-AM Zhong Gu Hang Zhou24003E 4093600 Global Feeder Sima Marine Karachi (CSC)

15/10 15/10-AM Marsa Neptune 2410 —/— Sai ShippingSai Shipping Karachi (JKX)

—/——/— TBA —/——/— Asyad Line Seabridge Marine Karachi (REX)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

04/10 Maersk Cabo Verde (V-440S) 4093353 Maersk India Port Qasim 07/10 Maersk Cardiff (V-440W) —/— Maersk India Nhava Sheva 07/10 Maersk Gibraltar(V-440W) 4093356 Maersk India Jebel Ali

ETA VESSEL’S NAME VCN NO. AGENTS FROM SAILED WITH EXPORT CARGO VESSEL'S

VESSEL’S NAME VCN NO. AGENTS FROM

08/10 As Susanna (V-12) 4093604 Unifeeder Ag Jebel Ali 11/10 Northern Guard (V-926E) 4093353 Wan

Maersk Guayaquil (V-439W) Nhava Sheva 30-09-2024 Oceana (V-930S) Salalah 01-10-2024 Maersk Aras (V-439W) Colombo 01-10-2024

Exports will play major role for next phase of growth in Consumer Durable sector: Secretary, DPIIT

NEW DELHI : At the CII Consumer Electronics and Durables Summit 2024, DPIIT Secretary Amardeep Singh

Bhatia emphasized the critical role logistics play in driving the expansion of e-commerce across India Using companies like Amazon and Flipkart as prime examples, he highlighted how they have successfully penetrated even the most remote regions of the country, underscoring the importance of an efficient logistics network in supporting this growth.

Bhatia pointed out that logistics costs in India are already on a downward trend, largely due to the availability of adequate skilled labor, which has been instrumental in reducing operational expenses He credited several key factors for this reduction, including Government initiatives such as protection from predatory imports, the implementation of Production Linked Incentive (PLI)

schemes, and the enhanced availability of working capital. These measures, he said, are vital in strengthening the logistics ecosystem, which in turn supports the broader goals of the consumer durables and e-commerce sectors.

While advocating for increased

development (R&D), Bhatia stressed that the industry should not only focus on collaborations based on current domestic demand but also prepare for

H

emphasized that as logistics costs continue to decrease, Indian companies must leverage this advantage to scale their presence in global markets.

Drawing comparisons to exportdriven economies like Thailand and China, Bhatia acknowledged that India’s consumer durables industry has already established a strong foothold in regions such as Africa and the

Middle East. However, he underscored that true success would be measured by the industry’s ability to export to more developed nations, such as Japan. This, he noted, would require a relentless focus on maintaining high standards of quality and achieving technological leadership to remain competitive on the global stage.

During the summit, a report titled Vision 2030: India’s Rise as a Global Force in Consumer Electronics and Durables was released The report projected that by 2030, India’s consumer durables industry would grow to ₹5 lakh crore, creating 5 lakh jobs for skilled workers throughout the value chain Bhatia reiterated that the continuous reduction of logistics costs would be a critical factor in enabling the industry to achieve these ambitious goals, as it would enhance India’s competitiveness in both domestic and international markets.

India initiates dumping probe on six products imported from China

NEW DELHI : India has initiated a probe into alleged dumping of as many as six products, including certain chemicals, and cold rolled electrical steel and black toner powder cartridge, imported from China following separate complaints from domestic players.

T h e C o m m e r c e M i n i s t r y ' s

Directorate G

(DGTR) is probing the dumping of 1

R-134A; Acrylonitrile Butadiene

; polytetrafluoroethylene; black toner powder cartridge; and colled rolled

non-orientedelectricalsteelfromChina

e notifications, the applicants have alleged that material injury is being caused to the domestic industry due to the dumped imports of these products originating in or exported from China into India.

Russia pips Canada as top yellow peas exporter to India

NEW DELHI : Russia has become the largest export of yellow peas to India pipping Canada which has been dominating the market so far, data from the Agricultural and Processed Food Products Exports Development

A u t h o r i t y ( A P E D A ) s h o w The development comes after Russia topped Canada in the Chinese market, where at one point in time Ottawa had over 97 per cent market share, data show Russia currently has nearly half the share of the Chinese market.

Moscow shipped 4.41 lakh tonnes (lt) of peas to India during the April-July

BEIJING : While much of the rest of the liner world is favouring new ships that are sub-megamax, China continues to push the size envelope when it comes to the container trades.

Among the more headline-grabbing announcements coming out of the giant SMM exhibition in Hamburg earlier this month, China State Shipbuilding Corporation’s (CSSC) Shanghai Ship Research and Design Institute received approval in principle for a 27,500 TEU LNG dual-fuel containership (pictured), more than 3,000 TEU larger in capacity

period of the 2024-25 fiscal. This is higher than the 4.01 lt it shipped during the entire 2023-24 fiscal Canada exported 3.93 lt of yellow peas to India during the April-July period of the current fiscal. It had shipped 1.38 million tonnes during the 2023-24 fiscal.

L o g i s t i c s c o s t s “ R u s s i a i s aggressively exporting yellow peas in the global market. It offers peas at a competitive price and allows trade in Indian rupees Logistically, too, it is cheaper,” said a New Delhi-based trade expert.

India spent $212.85 million for the

than the existing biggest boxships afloat.

Elsewhere, the world’s largest port, Ningbo-Zhoushan, has just started construction of its latest berths, with the port revealing the two new facilities are being designed in order to accommodate 32,000 TEUships.

To the south, Yantian, the eastern Shenzhen port, is also building new berths capable of handling 32,000 TEUvessels.

Shipping Co (MSC) holds the mantle

4.41 lt of peas it imported, while for Canadian peas the expenditure was $228 49 million Cur rently, Russia is shipping yellow peas to India at $425 a tonne cost and freight for October-November delivery, while Canada is charging $460 for the same period to India. “Over the last two years, Russia’s production and export of yellow peas has increased to record levels.

Imports were less as China was not importing from Russia. But now Beijing has increased its import,” said Rahul Chauhan of Igrain.

for the biggest containership in operation, taking delivery of a series of 24,346 TEU ships last year.

The jumboisation of containerships has seen vessel capacities nearly quadruple in size this century

However, over the past year orders from global carriers have tended to be for ships in the 16,000 teu range, a more flexible size that can work across a range of tradelanes, rather than just the Asia-Europe route w

deployed.

m.v. “MSC PALAK” Voy : QS439R I. G. M. NO. 2389314 Dtd. 28-09-24

The above vessel is arriving at MDPT (MUNDRA) with Import cargo from BELAWAN, SUMATRA,BUSAN,CALLAO,GUAYAQUIL,HAIPHONG,HONG KONG,KEELUNG,LAEM CHABANG,NAGOYA JAPAN,NANSHA,NINGBO,OSAKA JAPAN, QINGDAO, QINZHOU, RODMAN, SEMARANG, SHANGHAI, SHEKOU, TAICHUNG, TIANJINXINGANG, XIAMEN,YOKOHAMA JAPAN.

Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.

MUNDRA

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473 YSNBF24092054

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706 MEDUF7529409

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NOTICE TO CONSIGNEES

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Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch - 370421on presentation of duly discharged Original Bill of Lading and payment of relevant charges.

The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at MUNDRA .

The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.

In case of any query,kindly contact Import Customer Service - IN363-comm.mundra@msc.com; Get IGM No. / ITEM No. /CFS details on our 24 hrs computerized helpline No. (IVRS No.) 8169256872

You can also visit our website: msc.com/ind/help-centre/tools/import-general-manifest-information Invoices and Delivery order request must only be done in ODEX portal uploading all supporting documents

MSC AGENCY (INDIA) PRIVATE LIMITED

Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch, Mundra - 370421, (INDIA) Tel. : +91 2838615501 • Telefax : +91 2838271003 email : IN363-comm.mundra@msc.com • Website : www.msc.com

US East Coast dockworkers strike, halting half the nation’s ocean shipping

NEW YORK : Dockworkers on the U.S. East Coast and Gulf Coast began a strike early, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labor contract broke down over wages.

The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, in a disruption analysts warned will cost the economy billions of dollars a day, threaten jobs, and potentially stoke inflation.

T h e I n t e r n a t i o n a l Longshoremen’s Association (ILA) union representing 45,000 port workers had been negotiating with the United States Maritime Alliance (USMX) employer group for a new six-year contract ahead of a midnight Sept. 30 deadline.

The ILA said in a statement on Tuesday it shut down all ports from Maine to Texas at 12:01 a.m. ET (0401 GMT) and had rejected USMX’s final proposal made on Monday, adding the offer fell “far short of the demands of its members to ratify a new contract”.

T h e I L A’ s l e a d e r, H a r o l d Daggett, has said employers such as container ship operator Maersk and its APM Terminals North America have not offered appropriate pay increases or agreed to demands to stop port automation projects.

The USMX said in a statement on Monday it had offered to hike wages by nearly 50%, up from a prior proposal. Daggett, meanwhile, said the union is pushing for a 61.5% pay increase, according to CNBC.

“We are prepared to fight as long as necessary, to stay out on strike for whatever period of time it takes, to get the wages and protections against automation our ILA members deserve,” Daggett said.

“USMX owns this strike now. They now must meet our demands for this strike to end.”

USMX did not immediately respond to requests for comment.

The strike, the ILA’s first since 1977, is worrying businesses that rely on ocean shipping to export their wares or secure crucial imports, as it

affects 36 ports that handle a range of containerized goods from bananas to clothing to cars.

Retailers in recent months have accelerated holiday imports and are moving other shipments to the U.S. West Coast where possible.

“We expect the strike itself to last for five to seven days until a government intervention but the ripple effect is likely to be felt across the whole network into Europe, into Asia for at least into January, Fe b r u a r y, ” s a i d Pe t e r S a n d , Chief Analyst at Shipping Pricing platform Xeneta

Barclays researchers said they expect European automakers like B M W, M e r c e d e s M B G n . D E , Volkswagen VOWG_p.DE and Volvo VOLCARb ST to be among the car companies whose imports would be affected, but noted that relatively high inventories will shield the immediate impact. Automakers Hyundai and GM GM.N said they were monitoring the strike and had contingency plans in place.

T h e r e a r e n e a r l y 1 0 0 , 0 0 0 containers in New York City-area ports alone waiting to be unloaded, now frozen by the strike, and 35 container ships headed to New York over the coming week, said Rick Cotton, executive director of the Port Authority of New York and New Jersey.

The union is “holding the entire country over a barrel,” said Steve Hughes, CEO of HCS International, which specializes in automotive sourcing and shipping. “I’m really afraid that it is going to be ugly.”

The dispute is also wedging laborfriendly U.S. President Joe Biden into a virtual no-win position as Vice President Kamala Harris runs a razor-tight election race against Republican former President Donald Trump.

White House Chief of Staff Jeff Zients and top economic adviser LaelBrainard urged USMX board members at a meeting to resolve the dispute fairly and quickly, a White House official said But Biden’s administration has repeatedly ruled out the use of federal powers to break

a strike in the event of an impasse.

U S Chamber of Commerce

President Suzanne Clark urged Biden to reconsider, saying it “would be unconscionable to allow a contract dispute to inflict such a shock to our economy.”

The White House said in a statement that it is monitoring the e f f e c t s o n t h e s u p p l y c h a i n “and assessing ways to address potential impacts,” noting the initial effect on consumers is expected to be limited.

Officials were quoted by Reuters on the condition of anonymity they are hoping for a short strike, pointing to the sign the two sides had resumed talks late on Sunday and had narrowed their differences.

T h e U S D e p a r t m e n t o f Agriculture said that it does not expect “significant changes to food prices or availability in the near term.”

Economists at Capital Economics said the strike is “unlikely to trigger major economic disruption,” though they added that a lengthy stoppage would force Biden to step in if the two sides cannot come to an agreement.

BACKUP PLANS

Retailers accounting for about half of all container shipping volume have been busily implementing backup plans as they head into their allimportant winter holiday sales season.

Many of the big players rushed in H a l l o w e e n a n d C h r i s t m a s merchandise early to avoid any strikerelated disruptions, incurring extra costs to ship and store those goods.

Retail behemoth Walmart the largest U S container shipper, and m e m b e r s h i p

b operator Costco say they are doing everything they can to mitigate any impact.

New York Governor K athy Hochul said the state expects no immediate impact on food supplies or essential goods but said impacts could widen depending on how long it lasts.

“It’s critical for USMX and the ILA to reach a fair agreement soon that respects workers and ensures a flow of commerce through our ports,” she said

White House says impact of US port strikes on consumers will be limited

to be limited, the White House said.

“The President has directed his team to convey his message directly to both sides that they need to be at the table and negotiating in good faith –fairly and quickly,” the White House

said in a statement.

The President has also directed his Supply Chain Disruptions Task Force to meet every day and prepare to address potential disruptions, the statement added.

Gujarat Maritime Board & Petronet LNG signed Supplementary Concession Agreement for PLL’s Second LNG Jetty

Cont’d from Pg. 6

Transport, Govt. of Gujarat also signed the document as the Confirming Party.

This 2 5 Km long jetty is the first LNG jetty of the country which can handle largest LNG carrier (Qmax) at Petronet’s Dahej LNG Terminal

Deendayal Port Authority achieves New Milestone in Cargo handling by crossing 70 MMT in Record time

Cont’d from Pg. 6 Exports Category: An uptick in the handling of POL (petroleum, oil, and lubricants), edible oil, chemicals, food grains, bentonite, salt, oil extractions, silica sand and sesame seeds was recorded.

Shri Sushil Kumar Singh, IRSME, Chairman, DPA extends heartfelt congratulations to all port users,

stakeholders, trade unions, port officials, employees and workers for their invaluable contribution in achieving this milestone Their collaboration and u n w a v e r i n g s u p p o r t h a v e b e e n instrumental in driving DPA’s success.

This achievement marks a crucial step in DPA’s journey toward excellence, as the port continues to break barriers, set new benchmarks and contribute to the growth of India’s maritime sector

Adani to play a key role in Global Decarbonisation

A H M E D A B A D : Three Adani portfolio companies - Adani Enterprises Ltd (AEL) (through its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd — have joined the World Economic Forum’s ‘Transitioning Industrial Clusters’ initiative, forming the AdaniMundra Cluster This i n i t i a t i v e a i m s t o e n h a n c e collaboration and align the vision of colocated companies to drive economic growth, generate employment and advance decarbonisation by 2050.

Since its inception in 1993, the port business at Mundra has evolved into a thriving, port-led industrial cluster. Now recognised as India’s largest port, Mundra has become a dynamic hub for companies across diverse sectors, ranging from advanced solar module and wind turbine manufacturing to the challenging-to-decarbonise cement production.

APSEZ has committed to powering all its port operations with renewable electricity by 2025, with a target of achieving net-zero emissions as early as 2040. The upcoming Ambuja unit in Mundra aims to be the lowestemission-intensity cement production

facility globally, aligning with the company’s goal of achieving net-zero by 2050.

Additionally, the AdaniMundra Cluster will become one of the World’s largest integrated green hydrogen hubs, with a planned capacity of 1 Million Metric Tonnes Per Annum ( M M T PA ) o f g r e e n h y d r o g e n production by 2030, expanding up to 3 MMTPA by 2040. This will be supported by a fully integrated value chain comprising 10 GW of solar modules, 5 GW of wind turbines and 5 GW of electrolyser manufacturing capacity, alongside associated port infrastructure. The cluster will also have production facilities for green h y d r o g e n d e r i v a t i v e s s u c h a s ammonia, further solidifying its leadership in the green energy transition.

“By joining the World Economic Forum’s Transitioning Industrial Clusters initiative, the signatories will have the opportunity to collaborate with global industry peers, thinktanks, policymakers and experts to pioneer innovative approaches towards decarbonization,” said Karan Adani, Managing Director of APSEZ and Director of Ambuja Cements. “The AdaniMundra Cluster aspires to

become an integrated green hydrogen manufacturing hub, helping to decarbonise the hard-to-abate sectors of the Indian economy and reduce the country’s dependency on energy imports.”

The World Economic Forum has p l a y e d a n i m p o r t a n t r o l e i n fostering collaboration among key stakeholders in the cluster and elevating the cluster’s strategy to drive economic growth, employment, a n d d e c a r

h strategic meetings and in-country workshops.

“We are delighted to welcome the A

23 industrial clusters, as one of the first two clusters in India,” said Roberto Bocca, Head of the Centre for Energy and Materials and Member of the Executive Committee at the World Economic Forum. “By tapping into Gujarat’s significant renewable energy capacity, the cluster is on track to becoming one of the leading green hydrogen hubs in South Asia. Within the Transitioning Industrial Clusters community, Adani Mundra can exchange knowledge with fellow clusters and advance the energy transition.”

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