GUJ-04-04-2024

MUMBAI : (022)22661756 / 1422, 22691407

GUJARAT + NORTH INDIA

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

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

Deendayal Port Authority handled 132.3 MMT cargo in FY24

GANDHIDHAM: Deendayal Port Au t h o r i t y h a n d l e d 132.3 mt of c a r g o i n F Y 2 4 , compared t o t h e 137.561 mt handled in FY23, but hit the target of 132 mt set by the Ministry of

Ports, Shipping and Waterways for the fiscal year. Deendayal Port handles dry bulk, liquid bulk, oil, and containers, among other cargo. The port is expected to handle 200 mt of cargo by 2030, according to the Maritime India Vision 2030, a ten-year blueprint for the maritime sector.

Deendayal Port has the capacity to handle 269.10 mt of cargo a year.

APSEZ handles 420 MMT cargo Globally, Domestic Ports handle over 408 MMT

Allcargo Terminals launches myCFS 2.0 Digitalises two thirds of the CFS Export-Import process

AHMEDABAD: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has handled 420 MMT (+24% Y-o-Y) cargo in FY24 (including international ports), with domestic ports contributing Over 408 MMT cargo. It has also handled its highest ever monthly cargo volumes (incl. international ports) of over 38 MMT in March 2024.

MUMBAI: Allcargo Terminals Limited, one of India’s widest CFS networks and a part of Indian-born global logistics conglomerate Allcargo Group, has recently introduced myCFS 2.0, an advanced version of its myCFS digital portal and mobile application.

In line with its mission to offer digital technology-led customer convenience, the portal comes with a bouquet of 18 improved utility features that will bring convenience of faceless, contactless and paperless digital services from the comfort of the customer's home or office or during travel Cont’d Pg. 6

DP World launches Dedicated Service connecting ICD Sachana to Mundra Port

MUNDRA: DP World, a leading global provider of smart end-to-end supply chain solutions, started dedicated rail freight service seamlessly linking Sachana-Ahmedabad Inland Container Depot (ICD) to Mundra.

Operating every Tuesday and Friday, the new service aims to support Export Import from Ahmedabad and surrounding regions by offering a specialized train service, thereby enhancing business efficiency for customers. Cont’d Back Pg

Shri S.K. Mehta, IFS Chairman Shri Nandeesh Shukla, IRTS Deputy Chairman.

Mr. Karan Adani

APSEZ handles 420 MMT cargo Globally, Domestic Ports handle over 408 MMT

• APSEZ handled its highest ever monthly cargo volumes of over 38 MMT in March 2024

• Eight ports - 84% of the porolio by volume - delivered double digit growth

• 100% broad cargo types – dry, container and liquid – recorded double digit growth

• Mundra Port alone handled more than 7.4 million TEUs, which is over a third of India’s container carg

Cont’d from Pg. 4

Ten of our ports and terminals handled record cargo volumes: Mundra 180 MMT, Tu n a 1 0 M M T, H a z i r a 2 6 M M T, Mormugao 5 MMT, Karaikal 12 MMT, Ennore 13 MMT, Kattupalli 12 MMT, Krishnapatnam 59 MMT, Gangavaram 37 MMT and Dhamra 43 MMT.

During FY24, more than one-fourth of all India cargo volumes was routed through APSEZ Ports.

This significant contribution by APSEZ underscores its active role in driving India’s growth trajectory It also shows that India’s largest port operator comfortably surpassed its cargo volume guidance of 370 MMT - 390 MMT provided at the start of the financial year

Mr. Karan Adani, Managing Director, APSEZ, said, “While it took 14 years for the company to achieve the first 100 MMT of annual cargo throughput, the second and third 100 MMT throughputs were achieved in 5 years and 3 years. The latest 100 MMT mark has been achieved in less than two years. This is a testament to our ongoing commitment and efforts towards enhancing operational efficiencies and maintaining our position as a top port operator in the industry.”

APSEZ achieved this phenomenal growth by putting customers at the forefront of all its decisions Its approach of strategic partnerships with customers has ensured long-term associations with key stakeholders. Supported by investment in world-class infrastructure that has delivered a high level of operating efficiency and a business model focused on providing an end-to-end solution through last mile connectivity, APSEZ has managed to successfully win customers and improve its market share.

What makes these accomplishments noteworthy is that they were achieved despite multiple challenges, such as the global trade disruptions caused by the Red Sea crisis, the Russia-Ukraine conflict and issues at the Panama Canal, and disruption of operations due to Cyclone Biparjoy and Cyclone Michaung.

This year saw APSEZ achieving various new operational milestones. Its flagship port Mundra became the first in India to handle 16 MMT cargo in a single month (October 2023) Its container terminal CT-3 achieved a milestone of becoming the first in India to handle 3 million TEUs during the year and around 3 lakh TEUs in a single month (November 2023). It berthed the largest-ever vessel at any Indian port (around 399 m-long and 54 m-wide) and handled the highest number of TEUs (16,569) on a single ship, MV MSC Livorno, surpassing the national best of 16,400 TEUs. It handled over 4,300 vessels, crossing its previous record of 3,938 vessels.

In the container segment, the ports at Mundra, Hazira, Kattupalli and Ennore handled record volumes. Around 44% of the containerised seaborne cargo in India moves through APSEZ ports.

Its container volumes have grown by 2X of India’s container growth (~11% as compared to the all-India growth of ~5%) in the last 5 years. Mundra port handled record container volumes by rail of 1.9 MTEUs, a growth of 12% over last year Till February 2024, the double stack coefficient was 59% as compared to last year’s 54%.

In the dry cargo segment, ports such as Tuna, Mormugao, Karaikal, Krishnapatnam, Gangavaram and Dhamra handled record volumes this financial year Dhamra berthed its first LNG-powered cape-sized vessel, MV Ubuntu Unity, while Krishnapatnam berthed its largestevervesselwithdimensionsofLOA335.9mandbeam42.9m. With regard to liquid cargo, Mundra, Kattupalli, Krishnapatnam and Dhamra handled record volumes.

Allcargo Terminals launches myCFS 2.0

Digitalises two thirds of the CFS Export-Import process

Cont’d from Pg. 4

The myCFS 2.0 has managed to digitalise 67 percent of the customer interactions in CFS. The myCFS 2.0 enables 67 percent of the process for clearance of cargo at the CFS to be done digitally

Allcargo Terminals Limited myCFS portal and mobile application launched in April 2023, offers a one-stop solution for convenient, contact-less CFS services. The upgraded version is now more user-friendly, offering accurate nomination of containers, real-time container status updates, uploading documents online for customs examination, import de-stuffing, export carting and makes the clearance process faster

Commenting on the launch of myCFS 2.0, Mr Suresh Kumar R , Managing Director,

Allcargo Terminals Limited said, “We have developed myCFS 2.0 in sync with the growing emphasis towards adoption of new-age tools and technology in the logistics industry. With its enhanced features, myCFS optimises business processes and offers seamless transportation of cargo, leading to reduced waiting line for CHA’s in CFS. myCFS 2.0 aims to strengthen the ease of doing business initiatives of the government. myCFS 2.0 will redefine customer convenience in CFS operations and accelerate adoption of our digital portal amongst customs house agents and companies”.

Allcargo Terminals are offering training to CHAs in CFS to help them efficiently utilize the myCFS digital portal. The goal is to leverage digital technologies to simplify the CFS operations, thus boosting operational and cost efficiency for the customers.

m.v. “MSC RENEE” Voy : XA414A

I.G.M. NO. 2372851 Dtd. 29-03-24 Exch rate 85.44

The above vessel has arrived on 01-04-2024 at MUNDRA PORT with Import cargo from LONDON GATEWAY PORT. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

MUNDRA PORT SEZ

The above vessel has arrived on 01-04-2024 at MUNDRA PORT with Import cargo from ANTWERP, LE HAVRE. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

KANDLA-SEZ/GANDHIDHAM

The above vessel has arrived on 01-04-2024 at MUNDRA PORT with Import cargo from ANTWERP

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

RELIANCE SEZ/JAMNAGAR

The above vessel has arrived on 01-04-2024 at MUNDRA PORT with Import cargo from ANTWERP, CALDERA, HAMBURG, HELSINKI, LE HAVRE, BELFAST, GREENOCK, LONDON GATEWAY PORT, LIVERPOOL, PORTBURY, TEESPORT, CORK, KLAIPEDA, ROTTERDAM, GDYNIA, HELSINGBORG, NORRKOPING, STOCKHOLM.

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

MUNDRA

Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery. Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. 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.

- Charges enquiry on

CJ-IX

CJ-X

CJ-XI VACANT

CJ-XII VACANT

CJ-XIII Seastar Viking Synergy 06/04

CJ-XIV Majestic Noor Cross Trade 10/04

CJ-XV APJ Kais Chowgule Bros. 07/04

CJ-XVAVACANT

CJ-XVI Berden Scorpio Shpg. 11/04

TUNA VESSEL'S NAME AGENT'S NAME ETD

Theresa Hainan Interocean 07/04

Capricorn Sigma Dariya Shpg. 06/04

OIL JETTY VESSEL'S NAME AGENT'S NAME ETD

OJ-I Jag Vikram ISS Shpg. 06/04

OJ-II VACANT

OJ-III TG Tauras Samudra 06/04

OJ-IV Nymph Thetis

OJ-V VACANT

OJ-VI VACANT

OJ-VII VACANT

VESSELS IN PORT & DUE FOR

GENERAL CARGO VESSELS

Stream Akij Pearl Dariya Shpg. Indonesia 25,000 T. S. Coal In Bulk 2024031354

CJ-XVI Berden Scorpio Shpg. 55,540 T.GYPSUM In Bulk 2024041018

CJ-VI Beyond 2 Synergy Malaysia 27,869 CBM

DP WORLD MUNDRA

TO LOAD FOR FAR EAST, JAPAN, CHINESE PORTS & AUSTRALIAN PORTS

NOTICE TO CONSIGNEES

m.v. “HONG KONG BRIDGE” V-2413S (GIA - CMA)

I.G.M. NO. : 2372638 DTD. 27-03-2024

The above vessel has arrived at Mundra on 31-03-2024 as per following details.

Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.

If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws. Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.

For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.

Emirates Shipping Agencies (India) Pvt. Ltd

Aura Commercial Building, Ward 6, Plot No. 23 Commercial, Office No. S/3 & 4, 2nd Floor, Aerodrome Road, Opp. Om Cineplex, Gandhidham, Gujarat - 370201.

In case of any query kindly contact the below E-mail IDS & Phone Numbers :

IMPORT related : ravi.vaghela@in.emiratesline.com

Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977

EXPORT related : hardik.jadeja@in.emiratesline.com

Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 98980 76324

IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.

NOTICE TO CONSIGNEES

m.v. “MSC MONICA III” Voy : JD412A

I.G.M. NO. 2373104 Dtd. 02-04-24 Exch rate 85.83

The above vessel is arriving on 04-04-2024 at MUNDRA PORT with Import cargo from ABU DHABI, RAS AL KHAIMAH, BAHRAIN, SOHAR.

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

Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery. Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. 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. -

BREMEN

The above vessel has arrived on 30-03-2024 at MUNDRA PORT with Import cargo from SHUWAIKH

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

MUNDRA

Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery. Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. 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.

- Charges enquiry on land line - 619100

- IGM No./Item No./Destuffing point enquiries can also be done at our computerized helpline No.(079) 40072804

As Agents :

MSC AGENCY (INDIA) PRIVATE LIMITED

Gandhidham : Siddhi Vinayak Complex, Plot No. 1, Office No. 201-208, 2nd Floor, Ward - 6, Near Rotary Circle, Gandhidham - Kutch 370 201 Gujarat India. Tel : +91-2836-619100 to 616100 (Board)

E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com

H. O. & Regd. Office : MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400 059 Tel : +91-22-66378000, Fax : +91-22-66378192, E-mail : IN363-comm.mumbai@msc.com • www.msc.com

NOTICE TO CONSIGNEES

The above vessel has arrived on 02-04-2024 at MUNDRA PORT with Import cargo from SHUWAIKH.

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

Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery. Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. 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.

- Charges enquiry on land line - 619100

- IGM No./Item No./Destuffing

India working on alternative logistic corridors linking India with the Pacific and Atlantic Ocean : S Jaishankar

AHMEDABAD: Union Minister o f E x t e r n a l A f f a i r s ( M E A ) Shri S Jaishankar while addressing b u s i n e s s m e n a n d t r a d e r s a t Ahmedabad recently, said “India was working on alternative logistic corridors that will link the Pacific with the Atlantic Ocean. The shipping lines passing through the Suez Canal are in danger. They are in danger because of drone and missile attacks and Somalian pirate attacks. We have sent 21 Naval vessels to the region. For a large economy like us, it is not enough to have one or two connectivity corridors,” while speaking on the topic of “International Policy:

A catalyst to Viksit Bharat”. ‘Exploring new corridor’

Last year, we decided to make an alternative connectivity corridor that s t a r t s f r o m t h e G u j a r a t a n d Maharashtra coasts and passes through UAE, Saudi Arabia, the Mediterranean Sea and Europe. This will ensure we are not too dependent on the Suez Canal. The entire world is thinking about reducing risks. So we will have to look for connectivity partners Similarly, we are also working on another corridor that links Chabahar port (in Iran) with Russia. We are also exploring a new corridor that will open up due to the melting

Vizhinjam Port will be operational

THIRUVANANTHA

PURAM: Adani Group stated that Vizhinjam I n t e r n a t i o n a l Po r t Project will become operational by Onam, in spite of so much protests and controversies. A trial run of port operations will begin in May using large barges loaded with containers.

Meanwhile, Adani has started d i s c u s s i o n s o n c o m m e r c i a l transactions with international shipping companies P radeep Jayaraman, who took over as the new CEO of the port, said the project can be completed as an Onam gift to them.

The breakwater of the harbour has a total length of 2959 metres, out of

polar ice caps and link Valvadistock, Russia and Europe,” the minister said.

Jaishankar said towards the East, India is looking to build a highway that will link Manipur in India with Vietnam “If we are successful in this, India will be at the centre of a corridor extending from the Atlantic to the Pacific,” he added. The minister said apart from logistic partners, India will also need to look for technology partners, investment partners and the brand itself for a global audience “Foreign Policy can be very useful for the business community,” he added

by Onam : Adani Group

which 2800 metres have already been completed. This accounts for 90 per c e n t o f t h e t o t a l l e n g t h . T h e construction of the first phase of the berth and yard is also in its final stage. Out of the 800-meter berth, 650 meters have been completed so far.

It is required to have a total of 32 cranes, including 24-yard cranes and eight ship-to-shore cranes, for the construction of the port. These cranes will be fully installed in the month of April A 1 7-kilometre road is currently under construction, which will connect theporttothenationalhighway

A 3,80,000-square-meter container yard is to be constructed to unload the containers arriving from the ship. In the first phase, about 100,000 square

meters of work have been completed.

E i g h t b u i l d i n g s h a v e b e e n completed for various purposes at the port. Work is in progress, including a fire protection system.

The pilot-cum-survey vessel, mooring launches, and navigation equipment required for various purposes will soon be delivered to Vizhinjam. Four tugs have also been set up to guide the ships to the port.

Once operational, Vizhinjam will become a key hub in the port network that the Adani Group is creating from Haifa in Israel to Colombo in Sri Lanka. Adani Group is investing Rs 10,000 crore for the second and third phases of the port’s development by 2028.

Adani Gangavaram Port achieves a new record in handling Rakes & Cargo

VISAKHAPATNAM:

Adani Gangavaram Port

the deepest and the most modern port in the country today set a new record of handling 7,473 rakes in FY 24 and also achieving a 20% of the year on year growth.

AGPL is on track to achieve its highest ever annual cargo of 37.24 MMT for the financial year 2023-2024 and also achieve a 15% of the year on year growth.

The port is poised to offer the best services in the Container Trade and is scheduled to inaugurate its stateof-the-art integrated Container Scanner Facility on 03rd April 2024

The Container Terminal of 5 Lac TEU Capacity with integrated Railway facility shall welcome its

first Export-Import container service from 17th April, 2024 The Terminal will enable new trade routes & international markets to the industry

The port has been able to surpass its previous records as management has made strategic investments in infrastructure for efficient cargo handling and railway facilities.

The port expects to set further operational records i n F Y 2 4 a n d d e l i v e r Industry Best Services to its customers.

S p e a k i n g o n t h e o c c a s i o n A d a n i Gangavaram Port Limited m a n a g e m e n t s a i d “ W e a r e e x t r e m e l y d e l i g h t e d o n t h i s achievement. We at Adani Gangavaram Port always strive to provide the best service to our customers We offer substantial economic b e n e f i t s t o I n d i a n i m p o r t e r s combined with highly efficient port operations and evacuation systems with faster turnaround time & delivery We are extremely happy to see the trade derive benefits from the modern deep-water infrastructure at the port.”

m.v. “ROTTERDAM” V-76E

The above vessel is arriving at MUNDRA PORT on 13-04-2024 with Import Cargo in containers.

GOSUSNH1891078

GOSUHCM80390231 1—

GOSUYEY6003785 —1

GOSUQIN6494469 1—

GOSUSNH20988007 1—

GOSUNGB20207255 5—

GOSUNGB1191673 —1

GOSUSNH8462957 2—

GOSUSNH8462958 4—

GOSUSNH8462959 2—

GOSUYEY9202356 —7

GOSUSNH8329893 1—

GOSUDAL876077 —2

GOSUSNH8462975 —1

GOSUJKT8101541 13

GOSUXNG1831698 10

GOSUXNG1831711 10

GOSUGZH0371721 1—

GOSUSNH20988020 —1

GOSUSNH1825194 1—

GOSUJKT8101291 —1

GOSUXNG1831615 10

GOSUIAU3029219 1—

GOSUHCM80387155 —1

GOSUXNG1831689 —6

GOSUGZH0375741 1—

GOSUSUB8089239 2—

GOSUSUB8089240 3—

GOSUJKT8101504 1—

GOSUJKT8101526 1—

GOSUNGB20167551 —1

GOSUNGB20167560 —1

GOSUSNH1891137 1—

GOSUQIN6901230 —6

GOSUXNG1831702

GOSUNGB1144146 —1

GOSUNGB20167554 —1

GOSUNGB20167555 —1

GOSUSNH8283861 —1

GOSUSNH1855284 1—

GOSUSNH1855285 1—

GOSUSNH1911426

GOSUSNH1911482 1—

GOSUGZH0373401 2—

GOSUDAL876080

GOSUNGB1198645 —1

GOSUSNH1890964 1—

GOSUQIN3784451 —4

GOSUJKT8101774 1—

GOSUYIW821533 —1

GOSUQIN3784455

GOSUXNG1831701

GOSUSNH20988004

GOSUJKT8101352

GOSUHCM80389634

GOSUHCM80389191

—1

GOSUSNH1825206 1—

GOSUHCM80389725 1—

GOSUHCM80388426 1—

GOSUZAP925181 1—

GOSUHCM80389401 —1

GOSUNGB20333367 —1

GOSUNGB20333377 —1

GOSUNGB20333390 1—

GOSUSNH1911633 —1

GOSUSNH1911638 —2

GOSUSNH1912162 —4

GOSUSNH8447954 —5

GOSUHCM80387319 —1

GOSUSNH1825177 —1

GOSUSNH1825187 1—

GOSUSNH1825189 1—

GOSUQIN6708861 —1

GOSUQIN6708875 —1

GOSUNGB20089047 —1

GOSUSNH8329894 1—

GOSUNNJ2002365 —2

LNLUPKL8131131 7—

LNLUPKL8130906 —1

LNLUPKL8131161 1—

LNLUPKL8130180 10

LNLUPKL8131472 —4

LNLUPKL8129753 —3

LNLUPKL8130771 —2

LNLUPKL8131060 —1

LNLUPKL8131011 —1

LNLUPKL8130738 1—

LNLUPKL8130943 1—

LNLUPKL8131159 —1

LNLUPKL8130159 —1

requested to obtain DELIVERY ORDERS from our office address given below on presentation of

BILLS OF LADING, duly discharged and on payment of applicable charges. Consigneesarerequestedtonotethatthecarrierandoragentsarenotboundtosendfurtherindividualnotification regarding the arrival of the cargo vessel or their goods.

Red sea crisis : Gujarat exporters turn to costly aerial routes

AHMEDABAD: Over the past few months, global trade has been severely affected, primarily due to the disruption in one of the critical shipping routes through the Red Sea According to the International Monetary Fund (IMF), attacks on vessels in the Red Sea region have reduced traffic through the Suez Canal through which about 15% of the global maritime trade volume passes.

The Suez Canal is the shortest maritime route between Asia and Europe and, therefore, the disruption has had a critical effect on exports from India, particularly from Gujarat, a manufacturing-heavy state.

Amid worries about delayed shipments because of the brewing Red Sea crisis, exporters were compelled to turn to air cargo despite higher costs. The crisis had a greater impact on exports of food products, textile, phar maceuticals, and engineering goods.

Meeting the demands of buyers during Ramzan and Easter seasons has become a challenge for exporters, amid higher turnaround time.

Manufacturers of perishable goods, such as pharmaceuticals, have diverted shipments to air cargo. About 50% of the country's pharma industry revenues come from exports to the US and Europe. As almost twothirds of Indian pharma exports take place through the sea route, costs are a key concern for pharma majors here Non-perishable cargos like textile, auto parts and electronics, which are in demand due to the festive season in the Middle East and Europe, are also taking the air route.

Samir Mankad, the Director of GSEC Aviation, which handles the Ahmedabad Air Cargo Complex (AACC), was quoted as saying that, "In Oct 2023, the average daily air cargo volume stood at 80 metric tonnes (MT) at the Ahmedabad Air Cargo Complex. On a busy day, the unit used to handle about 100 MT Today, it handles 200 MT every day." A Mumbai- based logistics company is facing a similar issue. Mahesh Fogla, the Executive Director of the company, said, "Typically, we handle 600 MT air cargo every month for exports to East Africa, Kuwait, Saudi

Arabia, Dubai, and Muscat, among others. This has in- creased to 900 MT a month. Amid higher demand, air freight costs have also increased. For instance, an airline bound for Sudan used to charge Rs 320 per kg for garments. It now charges Rs 460. Air freight costs have gone up for all destinations." Mankad attributes the rise in cargo volumes to the in operational Gujarat Agro-run cargo terminal, the closing of the fiscal year, and the Red Sea crisis.

"Across commodities, including pharma, textile, agriculture and medical devices, the cargo terminal has witnessed an increase of 35% in volumes, which have been diverted from the sea route to the air route. Exporters are taking a hit because air cargo freight costs have also increased over the past three to five months,"Mankad said.

According to Airline Freight Forwarders, the crisis has led to an increase in the cost of sea freight also because of a 15- 20% rise in insurance premiums. Freight forwarders said that warehouses are chock-a-block with cargo piling up in warehouses.

"Just the trailer.." PM Modi heaps praises on the RBI

for transforming India in the last 10 years

NEW DELHI/MUMBAI: The Reserve Bank of India has played an appreciation-worthy role in the transformation of India's banking system and the economy in the last ten years, Prime Minister Modi said while speaking at the central bank's 90th anniversary event in Mumbai on Monday, 1st April 2024.

"When I attended RBI's 80th birthday in 2014, the situation was completely different," said Modi

pointing to India's twin balancesheet crisis, banking turmoil.

"India's banking sector was troubled with challenges and problems, be it NPA, stability of the system and its future, everyone was filled with doubts. The situation was so bad that the PSBs weren't able to give Indian economy the required push," Modi reminisced.

However, he said, today the situation has evolved for the better.

"The banking system which was on the verge of going bust, is today seeing profits and is setting records when it comes to providing credit. A change like this is just 10 years was not easy it happened because our policies, intentions and decisions were clear," Modi said.

Going ahead, the RBI must think differently, Modi said "Shaktikanta Das is an expert in this regard," the PM said.

India-EEU officials hold talks for FTA negotiations: Report

NEW DELHI : To boost economic ties between India and the five-nation Eurasian Economic Union (EEU) bloc, senior officials from both the sides held detailed talks in March to formally start negotiations for a free trade agreement (FTA), said a report by PTI.

The five members of the EEU are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

“Senior officers of both sides have met on March 28 here and have discussed formally starting talks for the FTA,” PTI quoted an official.

Two feasibility studies have already been conducted on the

proposed agreement, said the report citing the official.

In such FTAs, two or more trading p a r t n e r s e i t h e r r e m o v e o r significantly cut customs duties on the maximum number of goods traded between them These free trade pacts provide greater market access to Indian goods and services.

Indian exporters from sectors s u c h a s e n g i n e e r i n g g o o d s , electronics and agriculture may get an edge from the India-EEU FTA.

In the EEU bloc, Russia is India’s top trading partner with a bilateral trade worth USD 49.4 billion in fiscal year 2023 (FY23).

India’s exports to Russia stood at USD 3 14 billion in 2022-23, while imports were at USD 46.2 billion due to an increase in crude oil

imports

The bilateral trade with Armenia, Belarus, Kazakhstan, and Kyrgyzstan was at USD 134.26 million, USD 111.81 million, USD 641.62 million, and USD 56 56 million, respectively, in fiscal year 2022-23.

A similar free trade agreement was signed by India and the European Free Trade Association (EFTA) The members of this bloc are Iceland, L i e c h t e n s t e i n , N o r w a y, a n d Switzerland.

ZIM INTEGRATED SHIPPING SERVICES

m.v. “ROTTERDAM” V-76E

The above vessel is arriving at MUNDRA PORT on 13-04-2024 with Import Cargo in containers.

ZIMUIZM23926259 3—

ZIMUIZM23926379 11

ZIMUIZM23926756 2—

ZIMUIZM23927203 3—

ZIMUMER23926461 10

ZIMUMER23926895 2—

ZIMUMER23926960 2—

ZIMUMER23927111 11

ZIMUMER23927353 7—

ZIMUMER23927569 9—

ZIMUMER23927574 10

ZIMUMER23928180 11

ZIMUMER23928212 3—

ZIMUMER23926958 8—

ZIMUSPL9000878 —1

ZIMUMTL930732 —1

ZIMUMTL930851 —1

ZIMUIZM23924557 4—

ZIMUIZM23926381 5—

ZIMUMER23926892 3—

ZIMUMER23926896 2—

ZIMUMER23926897 2—

ZIMUMER23926904 6—

ZIMUTRT0119364 —1

ZIMUMER2350988 5—

ZIMUORF967037 11

ZIMUORF967706 10

ZIMUGUA0095705 5—

ZIMUORF1105349 —5

ZIMUIAH952012 3—

ZIMUIAH952122 2—

ZIMUIAH952229 —1

ZIMUIAH952230 —1

ZIMUIAH952886 —1

ZIMUGUA0095710 6—

ZIMUMIA924095 1—

ZIMUMIA924096 1—

ZIMUMIA924098 1—

ZIMUMIA924541 1—

ZIMUSPL9000841 10

ZIMUMIA924139 10

ZIMUMOB909888 —4

ZIMUGTG0018613 1—

ZIMUMIA924303 1—

ZIMUMIA924679 1—

ZIMUVAN956900 3—

ZIMUVAN957085 3—

ZIMUVAN957157 2—

ZIMUVAN956995 —1

ZIMUVAN956779 —1

ZIMUVAN956994 —1

ZIMUVAN957074 —1

ZIMUVAN957134 —1

ZIMUMER23927154 —1

ZIMUIZM23926383 6—

ZIMUIZM23927774 2—

ZIMUIZM23928147 2—

ZIMUMER23926725 16

ZIMUMER23926891 2—

ZIMUMER23927085 4—

ZIMUMIA924624 1—

ZIMUIZM23927253 4—

ZIMUSPL9000902 5—

ZIMUMER23926786 —2

ZIMULGA0011482 —1

ZIMUIAH951763 2—

ZIMUMTL0095906 —2

ZIMUVAN957298 —1

ZIMUMTL931256

ZIMUMIA924575

ZIMUVAN957100

ZIMUVAN957163

Logistics sector to grow in Medium term, Global headwinds to impact margins in FY24

MUMBAI: Growth in the logistics sector during F Y 2 4 w a s d r i v e n b y increased mobility amidst s t a b l e d o m e s t i c consumption and buoyant investment demand.

Improved e-commerce s a l e s , g o v e r n m e n t ’ s thrust on infrastructure projects, and expansion of the rural market provided a fillip to the demand for road logistics.

However, high inflation, rising interest rates, and an uncertain global demand scenario impacted domestic demand partly. Owing to their strong linkage to economic activity they acted as headwinds. The operator’s ability to complete the pass-through of operating costs was also affected amid stiff competition, according to industry experts.

Suprio Banerjee, Vice President and Sector Head – Corporate Ratings, ICRA Limited, said, “Due to normalisation of businesses postcovid, and sticky retail diesel prices (though brent crude is down from highs of 2023), companies are unable to raise rates automatically linked to diesel rates, which has impacted the margins for the players in FY2024, since other costs have gone up Cost rationalization measures undertaken have gradually come back to normal, which has resulted in lower margins forthesector”

Over the medium term, he is certain that the logistics sector growth would continue to be driven by demand from varied segments including ecommerce, FMCG, retail, chemicals, pharmaceuticals, and industrial goods, coupled with an industry paradigm shift towards organized logistics players, post GST, and e-way bill implementation. Role of technology

Technologies can help optimize r o u t e s , v e h i c l e l o a d i n g , a n d s c h e d u l i n g , r e d u c i n g f u e l consumption and delivery times thereby enabling the logistics players to maximize efficiency and respond quickly to the market.

Artificial intelligence (AI) can predict demand patterns, allowing companies to adjust inventory levels and distribution strategies by analyzing historical data and realtime information. It can also monitor and manage the entire supply chain by identifying bottlenecks, mitigating r i s k s , a n d e n s u r i n g s m o o t h operations from procurement to

delivery. Robotics and autonomous vehicles are also streamlining warehouse operations, order picking, and transportation, reducing labor costs and human errors.

“AI-driven optimization, IoTenabled tracking, and blockchainbased transparency can help reduce costs and optimize the operations,” V a r u n G a d a , D i r e c t o r , LP Logiscience, was quoted as saying recently

Government policies

The government policies like PM Gati Shakti and National Logistics Policy (NLP) are aimed at improving the transportation sector’s overall efficiency by integrating road, rail, and sea networks. The Dedicated Freight Corridor (DFC) project also targets to increase the saturation of I n d i a ’ s r a i l w a y n e t w o r k a n d congestion on its road network while keeping pace with its growing freight requirement The policy aims to reduce the logistics costs from the current 12%-14% of the GDP to less than 10%.

The industry suggests that other initiatives like Universal Logistics Interface Platform (ULIP) , and the Open Network for Digital Commerce (ONDC) have the potential to boost trade within and outside the country. Road ahead

F u e l l e d b y f a c t o r s l i k e urbanization, rising consumer demand, improving infrastructure and reducing spending gap between rural and urban India, Tier2 and 3 c i t i e s i n I n d i a a r e b e c o m i n g increasingly important for the logistics industry

Industry leaders suggest that skill development and support for micro, small, and medium enterprises (MSMEs) are also crucial for the growth of the sector.

ICRA noted that one of the major challenges is the development of infrastructure in India, with an investment in roads, ports, railways, and airports to improve connectivity A well-defined regulatory framework

r e l a t e d t o t a x a t i o n , permits, and licensing to promote transparency is essential

Banerjee suggests that proper regulations and processes across states can eliminate barriers to interstate movement of goods, reduce transit

t i m e s , a n d e n h a n c e operational efficiency Policies supporting the adoption of technology, such as AI, IoT, and digital platforms, can drive efficiency gains and improve overall productivity.

While efforts have been made to p r o m o t e i n t e r m o d a l f r e i g h t transportation, there are still challenges related to coordination between different modes of transport and regulatory inconsistencies

Policy interventions to facilitate seamless intermodal connectivity

w o u l d e n h a n c e e f f i c i e n c y and reduce logistics costs, Gada of LP Logiscience said.

While there is a push for green logistics initiatives, compliance with environmental regulations and adoption of sustainable practices can p o s e c h a l l e n g e s f o r l o g i s t i c s companies, particularly smaller players Clear guidelines and i n c e n t i v e s f o r a d o p t i n g environmentally friendly practices w o u l d s u p p o r t i n d u s t r y - w i d e sustainability efforts.

Talking on similar lines, Anand Mimani, CEO, GreenLine Mobility Solutions, was quoted as suggesting t o f o s t e r p u b l i c - p r i v a t e partnerships for infrastructure development projects can help bridge funding gaps and accelerate progress.

“The sector faces challenges related to supply-demand dynamics, fluctuating interest rates, and the difficulty in passing on increased costs to customers To effectively navigate these challenges, logistics operators need to closely monitor market dynamics and adjust pricing strategies to offset rising input costs, thereby maintaining profitability and competitiveness in the industry,” he added.

Addressing these regulatory challenges and implementing appropriate policy interventions will be crucial for unlocking the full potential of the Indian logistics sector and supporting the countr y ’s e c o n o m i c g r o w t h a n d competitiveness.

Cont’d. from Pg. 20

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods. As Agents :

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges. Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

Sanjay Nayar takes charge as ASSOCHAM President

NEW DELHI: Mr Sanjay Nayar, the former KKR India Chief Executive, a well-known name in the global financial markets, has assumed charge as President of Industry Chamber Assocham.

He has replaced Ajay Singh, Co-Founder of low-cost airline SpiceJet, who has completed his tenure at the apex industry chamber

N a y a r, w h o i s n o w Fo u n d e r a n d C h a i r m a n , Sorin Investment Fund, brings with him an experience of four decades in global financial and capital markets, including 25 years at Citi and nearly 14 at KKR, before retiring last year He had established KKR India operations in 2009 after leaving Citigroup.

“During my Presidency, my Assocham colleagues and I will work closely with the government for India to become a developed nation with a multi-fold increase in the country’s

per capita income and continuation of bold economic growth. I look forward to supporting the efforts being made by the industry to achieve t h e c o u n t r y ’ s sustainability goals,” Nayar said.

“India remains a bright spot in the global economy and we must leverage this position further. Given the recent success of Startup Mahakumbh led by Assocham, I look forward to catalyzing the startup culture backed by private and public savings”

Overall exports for FY24 expected to be $440-445 billion : FIEO

NEW DELHI: The last-quarter spurt would see India’s merchandise exports to be around $445 billion in the financial year 2023-24, about 1.3% lower than previous year’s level of $451 billion. The new year is challenging and growth from hereon will depend on inflation-interest rate dynamics in the key markets of the US and Europe, trade experts said,

“The merchandise exports in March are expected to be around $ 40 billion, as $ 5-6 billion will be added to the monthly shipments number. This should take the overall exports for this year to $440-445 billion,” Director General and Chief Executive Ofcer of Federation of Indian Export Organisations (FIEO) Ajay Sahai said.

Before exports started looking up from October 2023 onwards, there was a 9% year-on-year decline in AprilSeptember

Services exports are up 6.7% on year till February to $314.8 billion. They are expected to end the year at around $345 billion. For 2023-24 overall exports are expected to touch $ 790 billion, up from $ 777.6 billion last year

The decline of 1.3% in merchandise exports compares well with the 5% decline in world trade in goods in 2023 estimated by United Nations Conference on Trade and Development (UNCTAD).

TherevivalinperformanceofgoodexportssinceDecember and 12% growth in February coupled with steady growth in services exports would keep the overall exports of the country inthepositivezoneinthefinancialyearendingMarch31

The next year appears challenging as there has been no let up in geopolitical frictions like the crisis in the Red Sea

and Ukraine war that are directly impacting trade flows. The Red Sea crisis that has seen direct attacks on merchant shipping has indeed its sixth month while the Ukraine war has completed two years.

The Red Sea crisis has impacted freight rates and duration of voyages. So far buyers have adjusted to higher costs but still the impact could come on commodities trade, Sahai said.

The freight cost of commodities trade is much higher and margins are not enough to absorb any big fluctuations. The impact of the Red Sea may still come on commodities which may see trade shifting to geographies other than Asia, Northwest Africa and Europe that have been impacted most, he added.

The Indian government is monitoring the situation arising out of the Red Sea and other geopolitical disruptions through a high-level inter-ministerial group of officials. As of now there is nothing much that can be done by the government on the Red Sea situation.

“How inflation in the key market behaves and whether rate cuts would follow If that (rate cuts) happen it would have a much more positive impact on exports in the coming year,: Sahai said.

In his remarks, US Federal Reserve Chairman Jerome Powell indicated that interest rates would come down in 2024 but not before more confirmation comes on decline in inflation. This means the cuts will be in the later part of the year Some expect the European Central Bank (ECB) to lead with the cuts, which can come as soon as June.

Red Sea crisis end to reignite Container Shipping challenges

LONDON: Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals willmaterialiseoncetheRedSeadisruptioncomestoanend Boxship fleet growth is estimated at 9% this year, outpacing demand growth of approximately 4%.

In the second half of 2024, assuming that the Red Sea crisis has been resolved, the challenges seen after the Covid-19-fuelled boom could rear their head again.

Clarksons said, “The situation is fluid, but at present a resolution seems unlikely in the short-term, and disruption would likely some time to unwind should the situation ease; our current ‘base case’ forecast basis 1H 2024 of disruption would lead to around 6% uplift in full year 2024 TEU-mile trade). Clearly this ‘boost’ will be focused in 1H in this scenario and demand trends would be expected to ‘normalise’ once disruption ends, though a longer period of rerouting would have a greater impact.”

The world’s largest shipbroker noted that to manage the

tonnage shortage due to the longer voyage times round the Cape of Good Hope, operators have been running vessels at higher speeds. Operating speeds averaged 14 knots in late March, up 1% from the 2023 average.

In February, 18 container ships of 145,000 TEUs were delivered, bringing year-to-date deliveries to 67 units of 449,000 TEU, a record for deliveries in capacity terms. Deliveries in 2024 are currently projected to reach 2.7 million TEUs, an all-time record, while a further 2 million TEUs is scheduled for delivery in 2025 and 2026 – both double the 2019-2022 average.

Should the Red Sea crisis fade away, 2025 will be a challenging year, as the fleet is expected to grow by more than 5%, despite more potential for vessel demolitions.

However, stricter environmental regulations mean that operators will have to resume slow-steaming once Suez Canal crossings resume. The supply-demand gap could also be narrowed as demand growth is forecast at 3% in 2025.

Mr. Sanjay Nayar

DP World launches Dedicated Service connecting ICD Sachana to Mundra Port

Cont’d from Pg. 4

DP World’s dedicated service offers numerous benefits for b u s i n e s s e s i n a n d a r o u n d A h m e d a b a d , i n c l u d i n g c o s t efficient and sustainable cargo movement and value-added services. Precisely scheduled deliveries from ICD Sachana-Ahmedabad to Mundra will ensure an assured transit of 24 hours.

DP World's reliable service assures departures every Tuesday and Friday, providing businesses with a dependable transportation option This initiative is expected to result in approximately a 65% reduction in CO2 emissions Additionally, cargo owners utilizing DP World rail service will be presented with a sustainability certificate, acknowledging their effort

and commitment towards minimizing their carbon footprint.

Commenting on the launch of the new Service, Mr. Adhendru Jain, Vice President of Rail and Inland Terminals, Subcontinent, DP World, “We are bridging commerce with efficiency and sustainability Our new rail freight service from SachanaAhmedabad to Mundra port gives customers assured connectivity to the port and will help make the supply chain more predictable. This service is part of our ongoing efforts to deliver comprehensive logistics solutions that support the growth of business communities exploring newer export markets.”

DP World will provide cargo owners with a sustainability profile that highlights the reduction of CO2 emissions achieved by each user of this new service

PSA Mumbai again welcomes Deepest Draft Vessel at JNPA

NAVI MUMBAI: PSA Mumbai recently announced that it has once again welcomed the deepest draft vessel at Jawaharlal Nehru Port Authority - JNPA solidifying its commitment to excellence and innovation in port operations.

“With MV MSC BENEDETTA XIII and MSC DARIA successfully berthed with drafts of 16 meters and 15 9 meters respectively, PSA Mumbai has set a new record and surpassed its previous a c h i e v e m e n t i n Fe b r u a r y 2 0 2 1 This remarkable milestone highlights our continuous efforts to push boundaries and enhance our port capabilities, providing modern and efficient services to meet the evolving needs of our customers.”

“As a leading all-weather facility, we are dedicated to facilitating trade and contributing to India's economic growth. Congratulations to PSA Mumbai Terminal on this remarkable achievement, and here's to continued success in setting new standards for

At 1,591 mt, Railways achieves highest-ever freight loading in FY24

NEW DELHI: Freight loading across Indian Railways saw a 5 per cent YoY increase to 1,591 million tonnes (mt) for FY24, as compared to 1,512 mt in the year ago period. This is the highest-ever freight loading by the Railways.

“FY24 saw an incremental loading of 79 mt making it one of best year’s for the Railways,” an official said.

During the fiscal, Railways achieved loading of 787.61 mt in coal or nearly 50 per cent of total freight loading; while it achieved a freight loading of 180.95 mt in iron ore, 153.80 mt in cement and 114.36 mt in other goods. Container traffic was 85.04 mt, pig iron and finished steel moved was to the tune of 69.89 mt while fertilizer movement was around 59.18 mt. Foodgrains movement was 51.45 mt while petroleum, oil and lubcricants movement was 50.49 mt.

The Railways also carried out electrification across 7,188 route kilometers as against 6,565 route km in FY23.

The average per day route electrification pace is now up to 19.6 km per day in Fy24, as against 1.42 km per day in FY14.

Around 53,00 kms of in new line laying (which includes new line laying, doubling and gauge conversion) have been achieved in FY 2023-24 as compared to 5,241 Kms during 2022-23. Thus, average daily track laying comes out to be 14.5 km per day.

In order to increase line capacity to run more trains on existing high-density routes, the Indian Railways has been pushing for automatic block signals. In FY24, the Railways upgraded 582 km with automatic signalling, as compared to 530 km during 2022-23.

excellence in port operations,” adds the communique from PSA Mumbai.