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Gujarat Star Awards : Leading Lights to grace the 10 Grand Gala Edition on 20th Jan in Kandla

GANDHIDHAM: Leading Lights from the Maritime and Logistics domain from Mumbai, Gandhidham, Ahmedabad and rest of India will th Grace the 10 Grand Gala Edition of Gujarat Star Awards (GSA) to be held on 20th January 2023 at Radisson Hotel – Kandla, Club Lawn from 5.30 PM onwards.

Cont’d. Pg. 6

MAWANI : New Shipping Service to Connect

Jubail Commercial Port to Mundra & Hazira

RIYADH : The Saudi Ports Authority (Mawani) has announced the addition of Jubail Commercial Port to the India to East Med shipping ser vice by MSC (Mediterranean Shipping Company). Cont’d. Pg. 6

..Refer Pg. 2

Gujarat Star Awards : Leading Lights to grace

th the 10 Grand Gala Edition on 20th Jan in Kandla

Cont’d. from Pg. 3

It is a must attend event given the fact this Awards Ceremony will see Top and Senior Most Bureaucrats from the Customs & Ports apart from leading

Customs Broker, Transporters, Members of Leading Commercial and Maritime Associations under one roof gracing the Top Achievers of the Maritime Trade.

The Awards Ceremony will entail a mix of Gala Entertainment in between while presenting a great Networking Opportunity and ending with Dinner.

MAWANI : New Shipping Service to Connect Jubail Commercial Port to Mundra & Hazira

Cont’d. from Pg. 3

With the arrival of container vessel MSC ELLEN, the Saudi ports sector is set to welcome yet another trade link from leading shipping lines who are increasingly choosing the Kingdom as a vital port of call given its strategic location at the crossroads of three major continents besides being home to world class logistics infrastructure.

The new service will connect t h e K i n g d o m t o T u r k e y , the Indian Subcontinent, Africa, and the Middle East via weekly sailings to the ports of Khalifa, Jebel Ali, Hamad, Karachi, Mundra, Hazira,

Alexandria, Tekirdag, Aliaga, Mersin, and King Abdullah on board five vessels that have an average carrying capacity of 8,000 TEUs. The latest route will play a pivotal role in positioning Jubail Commercial Port as a competitive hub and uncover a host of value-added opportunities for importers, exporters, and shipping lines in line with the objectives of the National Transport and Logistics Strategy (NTLS). Modernly equipped to handle vessels of all shapes and sizes, Jubail Commercial Port provides a cost-effective and efficient gateway for local industries to export their products to global markets and import their raw materials. It also serves as a key driver of Saudi foreign trade besides bolstering economic growth in the Eastern Region.

India can be among Top 10 countries in

Global Maritime Trade : Sarbananda Sonowal

KOLKATA: Union Minister Shri Sarbananda Sonowal recently said that India can be among the Top 10 countries in the Global ranking of Maritime merchandise trade with giant strides taken by the Government for modernisation and capacitybuildinginthesector

Sonowal, the Minister for Ports, Shipping and Waterways, said the Centre is carrying out development in a sustainable waytomeetthe2070netzeroemissiontarget.

“With the massive modernisation and development taking place, we can be among the top 10 countries in the maritime merchandisetrade,”Sonowalsaidatthe121stAnnualGeneral Meeting of the Merchants’ Chamber of Commerce and Industry here The Minister stated that projects like ‘Sagarmala’ and ‘PM Gati Shakti’ are “delivering results and willbringseachangeafterrollingoutofalltheprogrammesin thenextfewyears”.

“In 2014, our cargo handling capacity in ports was 800 milliontonneandin2022,itis1,600milliontonne,”theMinister said. In the inland waterways, the cargo handling has now grown to 109 million tonne from a mere 16 million tonne capacityin2014,hesaid.

CJ-I VACANT

CJ-II VACANT

CJ-III MV Lady Demet DBC 06/01

CJ-IV MV Tai Harvest BS Shpg. 14/01

CJ-V MV Team View Interocean 07/01

CJ-VI VACANT

CJ-VII MV Rubaiyat Hanif Genesis 07/01

CJ-VIII MV Spar Lynx Aditya Marine 08/01

CJ-IX VACANT

CJ-X VACANT

CJ-XI MV Mohsen Ilyas Seacoast 06/01

CJ-XII MV Libra Efficient Marine 06/01

CJ-XIII MV Poavosa Wisdom VI Genesis 06/01

CJ-XIV MV Qi Cheng 3 J M Baxi 08/01

CJ-XV MV Obe Queen Ocean Harmony 09/01

CJ-XVA MV TS Bravo DBC 09/01

CJ-XVI MV Meghna Harmony BS Shpg. 06/01

Tuna Tekra Steamer's Name Agent's Name ETD

MV African Harrier Tauras 06/01

MV Katya ATK GAC Shpg. 06/01

MV True Cardinal Tauras 06/01

Oil Jetty Steamer's Name Agent's Name ETD

OJ-I MT Greener James Mackintosh 06/01

OJ-II MT CNC Dream J M Baxi 06/01

OJ-III MT Penna Samudra 06/01

OJ-IV MT Maritme Gracious

OJ-V VACANT

OJ-VI VACANT

Tuna MV African Harrier Tauras 31,300 T. RSM 2022121207

Stream MV Anasa Interocean Chittagong 11,737 T. Sugar Bags 2022121272

08/01 MV Autumn Sea Aashirvad Shpg. 34,000 T. Rice In Bags 2022121009

Stream MV Bao Tong 1 Rishi Shpg. 20,205 CBM Pine Logs 2022121009

Stream MT Chem Tauras Samudra 1,000 T. Chem.

Stream MT Dawn Mansarovar MK Shpg. 12,000 T. FO

Stream MV Jaohar UK Interocean Sudan 26,500 T. Sugar In Bags 2022121114

Tuna MV Katya ATK GAC Shpg. U.S.A. 11,000 T. SBM 2022121380

CJ-III MV Lady Demet DBC Sudan 29,000 T. Sugar Bags (50 Kgs) 2022121157

CJ-XVI MV Meghna Harmony BS Shpg. Chittagong 55,500 T. Salt 2022121389

Stream MV Mont Blanc Hawk Interocean 71,780 T. Sugar Bulk 2022121042

Stream MV Neptune J DBC Sudan 23,000 T. Sugar Bags 2022121048

CJ-XV MV Obe Queen Ocean Harmony Sudan 40,100 T. Sugar In Bags 2022121014

Stream MV Ocean Future ACT Infra 24,771/10,034 T. Rice 2022121092

12/01 MT Oriental Tulip Allied Shpg. Hazira 2,500 T. C. Oil 08/01 MT Oriental Viola Allied Shpg. Rottardam 14,800 T. C. Oil

Stream MV Panoria Arnav Shpg. Abidjahan 35,500/ 14,000 T.Rice Bags/Bulk 2022121287

OJ-III MT Penna Samudra 7,100 T. Styrene Monomer 2022121319 06/01 MV PH Giang Minh BS Shpg. 16,500 T. Salt In Bulk

CJ-XIV MV Qi Cheng 3 J M Baxi China 35,230 T. Salt 2022121345 07/01 MV Sea Pegasus Aditya Marine 30 Windmill Blade 2022121381 CJ-IV MV Tai Harvest BS Shpg. Madgaskar 20,850/16,000 T. Rice Bags 25kg/1 2022121351

Stream MV Teacher O DBC Somalia 11,000 T. Rice Bags (25 Kgs) 2022121351

T. Iron Ore Fines 2022121360 Stream MV Star Altair Genesis 54,239 T. Cooking Coal 2022121344 CJ-V MV Team View Interocean 32,999 T. DAP Tuna MV True Cardinal Tauras 78,388 T. Coal CJ-XVA MV TS Bravo DBC Australia 35,665 T. JAS Pine Log 2022121271

From Cargo Details VCN No.

11/01 MT Bow Emma GAC Shpg. 7,500 T. Chem. 07/01 MT Chem Bulldog Interocean Deira 3,311/2,583 T.CDSBO/Phenol Stream MT Chem Tauras Samudra 5,514 T. Chem. OJ-II MT CNC Dream J M Baxi Indonesia 18,200 T. Palm Oil Stream MT Dawn Mansarovar MK Shpg. 3,990 T. LSHS In Bulk 2022121189 06/01 MT ES Valor Interocean 13,000 T. CPO Stream LPG/C IGLC Dicle Seaworld Shpg. 21,500 T. Propane & Butane Stream LPG/C IGLC Hope Seaworld Shpg. 21,500 T. CPO 10/01 MT Gladys W Interocean 29,485 T. CDSBO OJ-I MT Greener James Mackintosh 18,000 T. CPO 09/01 MT Golden Lotus J M Baxi Indonesia 6,004 T. CPO Stream LPG/C Jag Vikram Nationwide 20,000 T. Propane/Butane 2022121284 09/01 MT Nord Victorius Interocean Arjentina 30,500 T. CDSBO/CSFO 09/01 MT Ocean Pioneer Delta Waterways 4,860 T. Acetic Acid 10/01 MT Oriental Jasmine Allied Shpg. Rottardam 4,000 T. Chem. 05/01 MT Pacific Citrine Interocean Arjentina 19,000 T. CDSBO 2022121160 09/01 LPG/C Seasurfer GAC Shpg. 9,000 T. Ammonia 10/01 MT Southern Puma GAC Shpg. 7,200 T. Chem. 06/01 MT Stolt Cedar J M Baxi

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

FOR

PORT PIPAVAV

LOAD FOR

06/01 06/01-AM Maersk Chicago 252W 22433

Maersk India Algeciras 06/01 13/01 13/01-AM Maersk Denver 301W 22426 (MECL) 13/01 TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW

ZEALAND

AND PACIFIC

ISLANDS

08/01 08/01-AM Xin Hong Kong 059 22429 COSCO COSCO Shpg. Singapor,Cai Mep,Hongkong,Shanghai,Ningbo,Schekou,Nansha (CI1) 08/01 08/01 08/01-AM Shijing 301E 22425 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 08/01 15/01 15/01-AM Seaspan Lumaco 302E 22431 Ningbo, Tanjung Pelepas. (FM3) 15/01 08/01 08/01-AM Zim Charleston 10E 22427 APL/OOCL DBC & Sons/OOCL(I) Port Kelang, Singapore, Hong Kong, Xingang, Dalian, Qingdao, 08/01 Gold Star Star Shipping Busan (Ex. Pusan), San Pedro, Kwangyang, Chiwan. (CIXA) 09/01 09/01-AM Wide Juliet 026WE 22434 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 09/01 16/01 16/01-AM X-Press Bardsey 23001E 23004 ONE ONE (India) (TIP) 16/01 11/01 11/01-AM One Competence 083E 22415 ONE ONE (India) West Port Kelang, Singapore, Leam Chabang, Busan, Sanshan, 11/01 Ningbo, Sekou, Cai Mep. (PS3)

TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS

06/01 06/01-AM Big Dog 301W 22423 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam, Mundra (Shaheen) 06/01 06/01 06/01-AM Maersk Chicago 252W 22433 Maersk Line Maersk India Salalah, Jebel Ali, Port Qasim. 06/01 13/01 13/01-AM Maersk Denver 301W 22426 (MECL) 13/01 08/01 08/01-AM SCI Chennai 2301 22436 SCI J. M Baxi Jebel Ali. (SMILE) 08/01

TBA SLS SLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1)

TBA X-Press Feeders Merchant Shpg. Jebel Ali, Sohar (NMG)

TBA SLS SLS Mangalore, Kandla, Cochin.(WCC)

TO LOAD FOR INDIAN SUB CONTINENT PORTS

08/01 08/01-AM Irenes Bay 301S 22424 Maersk Line Maersk India Colombo, Bin Qasim, Karachi (JADE) 08/01 08/01 08/01-AM Shijing 301E 22425 SCI J. M Baxi Colombo. (FM3) 08/01 08/01 08/01-AM Xin Hong Kong 059 22429 COSCO COSCO Shpg. Karachi, Colombo (CI1) 08/01 08/01 08/01-AM Zim Charleston 10E 22427 OOCL/APL OOCL(I)/DBC Sons Colombo. (CIXA) 08/01 09/01 09/01-AM Wide Juliet 026WE 22434 X-Press Feeders Merchant Shpg. Karachi, Muhammad Bin Qasim. 09/01 16/01 16/01-AM X-Press Bardsey 23001E 23004 ONE ONE (India) (TIP) 16/01

TO LOAD FOR US & CANADA WEST COAST

06/01 06/01-AM Maersk Chicago 252W 22433 Maersk Line Maersk Line India Newark, North Charleston, Savannah, Huston, Norfolk. 06/12 13/01 13/01-AM Maersk Denver 301W 22426 Safmarine Maersk Line India (MECL) 13/01 09/01 09/01-AM Wide Juliet 026WE 22434 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 09/01 16/01 16/01-AM X-Press Bardsey 23001E 23004 ONE ONE (India) Norforlk, Charleston, Halifax. (TIP) 16/01 11/01 11/01-AM One Competence 083E 22415 ONE ONE (India) Los Angeles, Oakland. (PS3) 11/01

m.v. “MSC FRANCESCA” Voy : XA251R

I.G.M. NO. 2331437 Dtd. 02-01-2023 Exch Rate 85.2

The above vessel has arrived on 03-01-2023 at MUNDRA PORT with Import cargo from FREEPORT, GRAND BAHAMA, BARCELONA, UMM QASR PT.

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

MUNDRA

PORT SEZ

Item No. B/L No. Item No. B/L No. Item No. B/L No. 215 BCN0189134

Item No. B/L No. 216 BCN0189709 217 MEDUF0005670 218 MEDUB3020477

The above vessel has arrived on 03-01-2023 at MUNDRA PORT with Import cargo from MONTREAL, BOSTON, NEW YORK.

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

KANDLA-SEZ/GANDHIDHAM

Item No. B/L No. Item No. B/L No. Item No. B/L No. 176 MEDUD6630179 177 MEDUD6717927 178 MEDUD6671439 179 MEDUD6758608 180 MEDUQ8016196 181 MEDUD6296740

The above vessel has arrived on 03-01-2023 at MUNDRA PORT with Import cargo to MUNDRA from BRIDGETOWN, FREEPORT, GRAND BAHAMA, NASSAU, MONTREAL, CAUCEDO, BARCELONA, VALENCIA, UMM QASR PT, MOMBASA, ALTAMIRA, SAN JUAN, KING ABDULLAH PORT, YARIMCA, BOSTON, JACKSONVILLE, MIAMI, MOBILE, NEW ORLEANS, NEW YORK, NORFOLK, PHILADELPHIA, SAVANNAH.

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

MUNDRA

Item No. B/L No. Item No. B/L No. Item No. B/L No. 1 MEDUX5134028 10 MEDUX5153564 11 MEDUX5157391 12 MEDUX5157326 13 MEDUX5153572 14 MEDUD6687724 15 MEDUD6715459 16 MEDUD6718743 17 MEDUD6696253 18 MEDUD6697152 19 MEDUD6707563 2 MEDUX5136627 20 MEDUD6774308 21 MEDUD6766981 22 MEDUT3003596 23 MEDUT3003588 24 MEDUSD131885 25 MEDUSD134913 26 MEDUSD134533 27 MEDUSD134509

28 MEDUSD134327 29 MEDUSD133139 3 MEDUX5137906 30 MEDUSD133022 31 MEDUF0007668 32 MEDUD6705096 33 MEDUD6778242 34 MEDUD6893272 35 MEDUD6790460 36 MEDUD6834938 37 MEDUJ4052745 38 MEDUD6863085 39 MEDUD6862863 4 MEDUX5146758 40 MEDUD6833146 41 MEDUDF003468 42 MEDUDF003518 43 MEDUDF003310 44 MEDUDF003013 45 MEDUD6806514

46 MEDUM2433891 47 MEDUM2430830 48 MEDUQ8028175 49 MEDUN6020121 5 MEDUX5146824 50 MEDUN6020113 51 MEDUD6777244 52 MEDUD6846759 53 MEDUD6643040 54 MEDUD6697608 55 MEDUD6790718 56 MEDUD6688359 57 MEDUD6695008 58 MEDUD6648924 59 MEDUD6692682 6 MEDUX5146725 60 MEDUD6714601 61 MEDUD6692211 62 MEDUD6698754 63 MEDUD6690876

Item No. B/L No. Item No. B/L No.

64 MEDUD6690934 65 MEDUD6668195 66 MEDUD6701582 67 MEDUD6809252 68 MEDUD6827304 69 MEDUD6798133 7 MEDUX5146832 70 MEDUD6772542 71 MEDUD6839549 72 MEDUD6166067 73 MEDUD6168980 74 MEDUD6178823 75 MEDUD6014549 76 MEDUD6417056 77 MEDUD6673211 78 MEDUDF019373 79 MEDUDF018896 8 MEDUX5157417 80 MEDUB3020782

81 MEDUB3020816 82 MEDUB3020741 83 MEDUB3020824 84 MEDUB3020774 85 MEDUB3020576 86 MEDUB3020758 87 MEDUB3020766 88 MEDUB3020709 89 MEDUB3020733 9 MEDUX5153549 90 MEDUB3020527 91 MEDUB3020790 92 MEDUB3020584 93 MEDUB3020808 94 MEDUB3020717 95 MEDUV8201943 96 MEDUV8201935 97 MEDUV8200614 98 MEDUI6926832

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

Drewry : 5 key Ocean freight procurement considerations in a falling market

LONDON: With world inflation widely anticipated to have reached 8.8% in the closing weeks of 2022, senior executives within global manufacturers and retailers will be eagerly awaiting ocean transport savings as reports of plummeting containerised freight rates continue to make headline news. With Drewry’s composite World Container Index down a remarkable 75% year-onyear, such an expectation is understandable, however, as is so often the case, the devil is in the detail; while rates on Asian export retail-driven routes may have fallen by up to 85%, driven by utilisation figures below 80%, back haul trade lanes have seen only modest single digit falls with Transatlanticheadhaulratesremaining stubbornly above the $7,000USD / 40ft mark.

Much as it started, the unwinding of the extreme global freight rate inflation of the pandemic period will be staggered, as easing congestion, cancelled loops and new vessel arrivals see capacity cascade across trade routes. And as the 2023 bid season approaches for many global shippers, negotiations will require a revised ocean freight procurement strategy. Below we explore five decision-making dilemmas many procurement and logistics operations teams will find themselves grappling with over the comingweeks:

1. Should we move away from yearlongcontracts?

Many businesses remain undecided here, understandably concerned about locking-in rates only for the market to deteriorate further. With a significant number of contracts recently being renegotiated mid-term – either at the instigation of carriers looking for additionalvolumeorbyshippersunable to support the current delta between spot and contract rates – some are questioning the value of their long-term agreements.

Some shippers with contracts expiring in line with calendar year have alreadyoptedforshorttermextensions, hoping to renegotiate more favourable terms.Other,typicallysmallershippers, have moved to the spot market, feeling

no loyalty to carriers and forwarders who largely abandoned their contracts in 2021 and left them exposed to premium and priority rates. Notwithstanding the obvious commercial imperative, most shippers are driven by more than straightforwardbaseoceanfreightcost. For shippers with more complex supply chains or customer obligations who seek more predictable annual freight budgets, Drewry still recommends fostering long term supplier relationshipsunderwrittenbycontracts with at least one-year durations. Over the long-term, such agreements typically deliver not only a significant freight cost benefit, but also better payment terms, free time conditions andoperationalefficiencies.

2.ShouldwereduceourMQC?

The16%fallinSeptemberEast-West headhaul volumes compared with August, due to both high inventory levelsandlowconsumerdemand,wasa primary trigger for the recent collapse in freight rates. With the vessel order book currently standing at 2.5 million TEU for 2023, the rise in capacity for 2023 may be clear but the outlook for global demand remains much more uncertain. In such circumstances many shippers will be cautious about Minimum Quantity Commitments (MQCs),feelingunclearabouttheirown demand predictions, while remaining confident that market capacity will thereshouldtheyneedit.

“In such circumstances many shippers will be cautious about Minimum Quantity Commitments (MQCs),feelingunclearabouttheirown demand predictions, while remaining confident that market capacity will thereshouldtheyneedit.”

3. How do we set bid target rates in a collapsingmarket?

The goal posts are moving fast, shippers are struggling to set target rates with initial offers from carriers often being significantly undercut by prevailing rates in the spot market. Drewry recommend that shippers set target rates based on at least 3 of the following valid data points: the underlying break-even, ‘cost per

container’ of service providers, the current spot market, recently negotiated average contract market rates (from shipper benchmarking groups such as Drewry’s BenchmarkingClub)andpre-pandemic rates. All can help support decision makingattimesofvolatility.

4. Should we reduce our service providerpool?

Thereislittledoubtthatrelationships between shipper and carriers/forwarders have been strained over the past year, with many shippers having to widen their service provider pool in a bid to secure the capacity required. In the current more buyerfriendly market, Drewry now recommend shippers review and consolidate their service provider pool, focusing on quality rather than quantity; reinforced by a robust Quarterly Business Review process with clearly defined and measurable KPIs. In a market where cost reductions seem inevitable, primacy should be given to providersthatdemonstratetheyareboth able and willing to improve performance from the dismal 30% service reliability seenoverthepast2years.

5. Should we move to an index linked contract?

Indexing is always a popular topic amongst shippers in a falling market and this year the buzz seems to be around the ‘trigger clause’, with shippers seeking the right to reopen discussions if the gap between spot and contract rates reaches a critical point. The reality today is that if supply and demand fundamentals remain sufficiently weak for such a gulf to materialise between long term agreements and spot conditions, carriers have to be open to renegotiate without the need for such a trigger mechanism. If the desire to build mutualrelationshipsforthelongtermis genuine, a robust index linked policy canprovidevaluetobothsides,allowing focus to fall on operational improvement, rather than a constant discussion on price. Such a policy requires careful planning and preparation and an understanding that commongroundexistsbetweenparties.

Eastern DFC : Successful trial run of freight train between New Karchana and New Sujatpur

PRAYAGRAJ: The trial run of a freight train consisting of 53 wagons loaded with coal was conducted successfully recently between Eastern Dedicated Freight Corridor’s New KarchanaandNewSujatpurstations.

The freight trains will now be run bypassing Prayagraj city. This section of EDFC has a route length of 62.65 km and includesanimportantbridgeofabout1km lengthovertheYamunariver.

With this, all connections of EDFC with Indian Railways between Chunar and Kanpur stations (route length of 322.353 km) including four link linesCheoki Link Line, Iradatganj Link Line, Sujatpur link line and Rooma link line have been completed. In this section Road Under Bridges and Road Over Bridges have been provided at all level crossings for safety of public and unhinderedmovementofgoodstrains.

With the commissioning of this DFC detour, all the goods trains which were passing through Prayagraj Junction, Cheoki and Naini stations of Indian Railways will now move through this DFCdetour.

This will help the North Central Railway by relieving the congestion at these stations. The punctuality of passenger carrying trains will also improvesignificantly.

Container Lines serving Indian Trades continue to face steep freight rate declines

MUMBAI: Container carriers serving Indian trades continue to face steep freight rate declines amid a weakeningdemandoutlookthatindustry observers believe will only worsen in the days ahead, according to a new market analysisbyContainerNews.

On the westbound India-Europe trade,averagecontractratesfromWest India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) or Rotterdam (the Netherlands) crashed to US$1,300 per 20-foot container and US$1,600/40-foot container at the end of last month, from US$2,300 and U$2,500, respectively,inNovember.

For West India-Genoa (the West Mediterranean) cargo, average rates stood at US$1,500/20-foot box and US$1,600/40-foot box, compared with theNovemberlevelsofUS$2,200/20-foot boxandUS$2,500/40-footbox.

December eastbound cargo (importsintoIndia)pricesfortheseport pairings, however, saw no noticeable changes month-on-month, with continuing to hover at US$1,400/TEU and US$1,500/FEU for bookings from Felixstowe/Rotterdam and at US$1,150/TEU and US$1,400/FEU to WestIndia(NhavaSheva/Mundra).

Average short-term contract prices offered by major carriers for Indian cargo moving to the US East Coast (New York) also saw steep declines from the November levels –down to US$3,700 per 20-foot box, versus US$4,700, and US$5,000 per 40-foot box, from US$6,300, and at US$2,100/20-foot container, from

US$3,600, and US$3,000/40-foot box, down from US$4,800, for shipments to the US West Coast (Los Angeles).

For the West India-US Gulf Coast trade, rates on average fell to US$3,900 per 20-foot container and US$5,200 per 40-foot container, compared with US$4,750 and US$6,850, respectively, duringNovember.

On the return direction, average contract rates saw no changes from the levels maintained by major operators in November, with the exception of USECWest India bookings. According to the CN analysis, December rates stood at US$900/TEU, down from US$1,075, and US$1,125/FEU, down from US$1,450, from USEC; at US$2,484/TEU and US$ 3,193/FEU from USWC; and at US$1,770/TEU and US$1,843/FEU from the Gulf Coast, into West India (Nhava Sheva/Mundra).

Rates on intra-Asia trades out of India also dropped measurably in December from the month-ago averages, with West India-South China cargo seeing the steepest hit – down by nearly 50% to US$257/20-foot box and US$382/40-foot box, versus US$500 and US$750, respectively, in November, the analysisshowed.

Average contract rates offered by major carriers to regular clients for bookings from West India (Nhava Sheva/JNPT or Mundra) to Shanghai (Central China) fell to US$125 per 20-foot container and at US$130 per 40foot box, versus US$150 and US$250, respectively, in November. For Indian cargo to Tianjin (North China), rates were down to US$150/20-foot box and

US$300/40-foot container, from US$200 andUS$350inNovember.

ForIndianshipmentstoHongKong, average rates hovered at US$125/TEU and US$130/FEU, down from US$150 and US$200, according to the CNanalysis.

December rates on West IndiaSingapore cargo remained unchanged at US$50/TEU and US$100/FEU, month-on-month.

Contract rate levels on the return leg continued to drop, with the slide averaging between 15 and 25% for bookings from Shanghai/Tianjin to West India from the November levels, accordingtotheCNanalysis.

Amid the market challenges, carriers have begun to rework their vessel deployment strategies to stay profitable.

“Vessel deployment and port call adjustments depend on various factors and hence, keep changing all the time,” Mr. Sunil Vaswani, Executive Director of the Container Shipping Lines Association (CSLA) in India was quoted assayinginareport.

Vaswani further noted, “Optimisation of vessel space is obviously one of the key considerations while allocating space (to demand areas), thereby helping the lines to servicethetradeatlargebetter.”

He went on to add, “Operational costsalsoplayarolewhiledecidingport rotation and, in that respect, ports globally compete with each other to attract more traffic. Indian ports are no exception. This is even more so when volumesandrevenuesdecline.”

GTRI suggests seven steps for Indian traders to make full use of FTA with Australia

NEW DELHI: Indian traders should follow seven steps, including knowing trade policy and rules of origin of respective products in Australia in order to take full advantage of the recently implemented free trade agreement, according to a study by GTRI. The India-Australia free trade agreement came into effect on December29,2022.

TheGlobalTradeResearchInitiative (GTRI) said India-Australia Economic Cooperation and Trade Agreement (ECTA) offers many concessions to exporters and importers of both countries, but the concessions are product-specific, and firms must check if theirproductsbenefitfromthepact.

"We have suggested a seven-step process to ensure that the firms do not miss critical details while exporting or importingunderECTA,"itsaid.

Utilisation rate of India's free trade agreements(FTAs)islowandoneofthe factors is low awareness about the process and its benefits, it said adding these steps can help Indian companies makefulluseofthetradeagreement.

The steps include knowing the correct HSN codes in the documents as the tariff classification of the same product may differ in India and Australia. In trade parlance, every product is categorised under an HSN (Harmonised System of Nomenclature) code. It helps in systematic classificationofgoodsacrosstheglobe.

The 'rules of origin' provision prescribes minimal processing that shouldhappenintheFTAcountrysothat the final manufactured product may be calledoriginatinggoodsinthatCountry.

Under this provision, a country that has inked an FTA with India cannot dumpgoodsfromsomethirdCountryin theIndianmarketbyjustputtingalabel on it. It has to undertake a prescribed value addition in that product to export to India. Rules of origin norms help containdumpingofgoods.

"Indian exporters must know the export policy of India and the import policy in Australia for its product. India does not allow the import of items like wild animals and ivory products on public health, safety, and moral

grounds," GTRI said adding trade agreements merely provide duty concessionanddonotgiverelaxationon importpolicyprovisions.

It added that no imports are allowed if a product falls under the prohibited list of imports. GTRI also said Indian firms must also compare the MFN (most favoured nation) duty and trade agreement duties for a product as a company benefits from an agreement only when the customs duty under that pactislowerthantheMFNduty.

MFN is a WTO (World Trade Organization) term indicating that a country must charge the same import dutyfromallcountriesforaproduct.When twocountriesdoatradepact,theydecide tocutsuchdutiesonmostproducts.

"A product must qualify as originating goods of the exporting party togetFTAdutyconcessions,"itadded.

It also said that once a firm is sure thatitsproductmeetstherulesoforigin criteria, it should apply for issuing a Certificate of Origin (COO) to the agency nominated by the Indian or AustralianGovernment.

Govt has pipeline of 44 Port projects worth Rs 22,900 cr till FY ‘25: Sarbananda Sonowal

NEW DELHI: Public-private partnership in port infrastructure has been an important source of investment in the sector and the Ministry of Ports, Shipping and Waterways (MoPSW) has a pipeline of 44 projects for total investment of Rs 22,900 crore till 2024-25, UnionMinisterSarbanandaSonowalsaid recently. Moreover, the Government is workingontheguidelinesfordealingwith stressed public-private partnership (PPP) projects at Major Ports and has also come up with policies to support the shipbuilding industry in India, Sonowal said.

"The Ministry of Port, Shipping and Waterways is working on two fronts to encourage private sector participation... On the project front the Ministry has a pipeline of 44 projects for a total investmentofRs22,900croretill2024-25."

On the policy front, the Ministry is working on the Guidelines for dealing with stressed PPP projects at MajorPorts,Sonowalsaid.

The Ports, Shipping and Waterways Minister further said that under the National Monetization Pipeline (NMP), MoPSW has accorded approval to 22 projects worth Rs 12,222 crore. Out of the 22 projects, seven projects worth Rs 5,278 crore have already been awarded on PPP mode, rest projects are invariousstagesofbidding,headded.

According to him, the Ministry is also working on the Captive Policy and Migration Policy (to new MCA and Tariff regime) to improve the ease of doing business and provide a conducive environment for private sector investmentsintheportsector.

Sonowal said under the PM Gati ShaktiNationalMasterPlan,MoPSWhas identified 101 projects worth Rs 56,831 crore for implementation by 2024. "Out of these, 13 projects worth Rs 4,423 crore have been completed," he said, adding that 9 projects worth Rs 716 crore are expected to be completedbyMarch2023.

The Ports, Shipping and Waterways ministry has identified 9 High Impact Projects (HIP) and these have been uploaded in the Project Monitoring Group (PMG) portal and are being monitored at the Cabinet Secretariat level. Three HIP projects are already completed,headded.

Sonowal further said, apart from completing port modernisation and port connectivity projects, the Ministry is expediting various projects under the Sagarmala programme related to RoRo/Ropax and passenger jetty facilities, and fishing harbor projects to improvetheconnectivityandlivelihoodof peoplelivingincoastalareas.

He said National Maritime Heritage

Complex (NMHC) at Lothal is being developed as one of its kind projects to display India's rich and diverse maritime heritage and the project is currently under implementation and all efforts are being undertaken to complete the first phase of this project bytheendof2023.

Sonowal said 191 port connectivity projects have been identified after coordination with the Ministry of Road Transport and Highways (MoRTH) and Railways Ministries under Sagarmala which are in various stages of implementationanddevelopment.

Replying to a question on demand for restoration of subsidy for moving goods through Inland waterways in the NorthEast region, Sonowal said the earlier scheme of subsidy for moving goods through Inland waterways in the NorthEast region, was launched by Ministry of Commerce and Industry (MoCI) which was closed on March 31, 2022.

"However, in order to promote this mode of transport and to meet first mile, last mile and multiple handling of cargo issues while transporting through IWT mode,MoPSWwilltakeupthematterfor restoration of the scheme with MoCI for promoting the movement of goods through Inland waterways in the NorthEastregion,"hesaid.

Finance Ministry approves disbursement of more than Rs. 4,000 crore to States for PM Gati Shakti Projects

NEW DELHI: The Department of Expenditure under the Ministry of Finance has approved disbursement of over Rs. 4,000 crores to states for undertaking various infrastructure projects, which conform to the principles andobjectivesofPMGatiShaktiMission.

The disbursements are part of ‘Scheme for Special Assistance to the StatesforCapitalInvestmentfor2022-23’ which was unveiled in April by the Ministry of Finance and operated by the DepartmentofExpenditure.Thescheme seeks to provide assistance to the states with a total allocation of Rs. 1 lakh crores in the form of 50-year interest free loan forcapitalinvestments.

Accordingtoaseniorofficial,thetotal allocation earmarked for State projects under the scheme which conform to PM GatiShaktiframeworkisRs.5,000crores. All 28 states have submitted about 190projectsamountingtoaboutRs.5,000 crores.

“Post April, after the notification, we have considered more than 190 projects from 28 States of value more than Rs. 5,000 crores total and these projects have been recommended to the Department of Expenditure for approval and disbursement of funds to the respective states as per their share,” Dr. Surendra Ahirwar, Joint Secretary (Logistics Division), Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industrywasquotedassayingrecently.

The logistics division at DPIIT is spearheadingthePMGatiShaktiMission which is aiming for the development of seamless multimodal connectivity and logisticsinfrastructureintheCountry.

A special screening committee was constituted within the DPIIT, which evaluated whether the 190 odd projects submitted by the states were in conformity with the principles and objectives of PM Gati Shakti and they were recommended to the Ministry of Finance.

“They (Department of Expenditure) have given approval to most of them. They have considered all 191 proposals and some of them have been cleared and totheextentofmorethanRs.4,000crores have already been approved by the Department of Expenditure for disbursementamongthestates,”saidDr. Ahirwar.

Among the states, allocation to Andhra Pradesh is at Rs. 202 crores, Bihar at Rs. 500 crores, Chattisgarh at Rs. 170 crores, Gujarat at Rs. 174 crores, Haryana at Rs. 55 crores, Jharkhand at Rs.165crores.

Accordingtothescheme,foralignment with PM Gati Shakti framework, states need to undertake updation of required data layers on PM Gati Shakti National MasterPlanportal,suchaslandrevenue maps, formulate state logistics policy, creation of Empowered Group of Secretaries, Network Planning Group andTechnicalSupportUnit.

Guiding principles for selection of eligible projects include logistics efficiency and resilience, integrated planning approach, unity of economic clusters, projects aiming at faster movementofgoods,amongothers.

According to Dr. Ahirwar, projects submitted by the States include connectivity infrastructure to industrial zones, data centers, inland container depots,containerfreightstations,critical infrastructure around economic zones, warehousing development, food parks, traffic management system, among others.

As per the scheme, while allocation for PM Gati Shakti focused projects is limited to Rs. 5,000 crores out of total Rs. 1 lakh crores, additional amount from savings under other parts of the scheme may also be reallocated to PM Gati Shakti focused projects based on response of states and utilization of fund.

“Then it is up to the Ministry of Finance to consider because they have said in case there is great merit in the projects and there are funds spared undertheschemefromotherheads,then itcanbeallocatedtothisparticularkitty,” saidDr.Ahirwar.

The other parts, in which the Rs. 1 lakh crore interest free loan is distributed includes funding for PM Gram Sadak Yojana, incentives for digitization, optical fibre cable network, urbanreformsandcapitalworks.

NOTICE TO CONSIGNEES

m.v. “MONTPELLIER” V-02252

The above vessel is arriving at Mundra on 06/01/2023 as per following details. Item Nos. B/L NOS. Item Nos. B/L NOS. Item Nos. B/L NOS. 1 EPIROMMESL202140 2 EPIROMMESL202145

3 EPIROMMESL202152 4 EPIROMMESL202164 5 EPIROMMESL202149

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

Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. 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 : benoy.varghese@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092 IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.

NOTICE TO CONSIGNEES

m.v. “NORTHERN PRACTISE” V-02252 I. G. M. NO. 2331443 Dtd. 02-01-2023

The above vessel has arrived at Mundra on 04/01/2023 as per following details.

Item Nos. B/L NOS. Item Nos. B/L NOS. Item Nos. B/L NOS. 1 EPIRAEESAD244178 2 EPIRAEESAD244191 3 EPIRAEESAD244187 4 EPIRAEESAD244101

5 EPIRAEESAD244161 6 EPIRAEESAD244174 7 EPIRAEESAD244230

8 EPIRAEESAD244232 9 EPIRAEESAD244221 10 EPIRAEESAD244180

Item Nos. B/L NOS.

11 EPIRAEESAD244233 12 EPIRAEESAD244181 13 EPIRAEESAD244146

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

Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. 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 : benoy.varghese@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092

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

19 5th JANUARY 2023 GUJARAT + NORTH INDIA

m.v. “MSC ANUSHA III” Voy : OM252R I.G.M. NO. 2331217 (EDI) Dtd. 30-12-2022 Exch Rate 85.33

The above vessel has arrived on 03-01-2023 at MUNDRA PORT with Import cargo from MOMBASA. 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

m.v “KMTC DELHI” V-02249W I. G. M. NO. 2331548 Dtd. 03-01-2023

Item Nos. B/L NOS. 14 EPIRCHNNBO231371

EPIRCHNCWA231379

EPIRCHNCWA231391

EPIRCHNCWA231392

EPIRCHNCWA231370

EPIRCHNCWA231371

EPIRCHNCWA231374

EPIRCHNCWA230679

EPIRCHNCWA231361

EPIRCHNNBO231473

The above vessel is arriving at Mundra on 06/01/2023 as per following details. Item Nos. B/L NOS. Item Nos. B/L NOS. Item Nos. B/L NOS. 1 BSG22120140A 2 EPIRKRFGCL232525 3 SZPE22123625 4 EPIRKRFGCL232527 5 EPIRKRFGCL232533 6 EPIRCHNQGA229515 7 EPIRCHNQGA229539 8 EPIRCHNCWA231376 9 EPIRCHNCWA231365 10 EPIRCHNCWA231352 11 YSNBF22121864 12 EPIRCHNNBO231454 13 EPIRCHNNBO231457

EPIRCHNNBO231376 38 EPIRCHNNBO231405 39 EPIRCHNNBO231356

40 EPIRCHNCWA230635 41 EPIRCHNCWA230636 42 EPIRCHNCWA230650 43 EPIRCHNCWA231316 44 EPIRCHNCWA231332 45 EPIRCHNCWA230651 46 EPIRCHNCWA231363 47 EPIRCHNCWA231368 48 EPIRCHNCWA231382 49 EPIRCHNCWA231389 50 EPIRCHNNBO231396 51 EPIRCHNNBO231430 52 S4221200012

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.

Emirates Shipping Agencies (India) Pvt. Ltd

Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. 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 : benoy.varghese@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092

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

AD Ports Group delivers remarkable growth story in transformational 2022

ABU DHABI : AD Ports Group delivered on its commitment to produce remarkable results and extend its international reach in its first year as a publicly traded company, with 2022 becoming one of the most important yearsinthecompany’sstoriedhistorysofar.

The year started with the listing of AD Ports Group’s shares for the first time on Abu Dhabi Securities Market (ADX) and continued with remarkable achievements through to December 2022, when it was honoured to welcome His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to inaugurate the expansion of Khalifa Port. The expansion works position Khalifa Port among the global elite of deep-water ports, with an estimatedvalueofAED20.4billion.

Throughout 2022, AD Ports Group has continued to demonstrateitsdrivetopositionAbuDhabiatthefrontierof world trade, adding value to stakeholders through the expansionandimprovementofservices.

The Group has built new strategic relationships within the region and beyond, which has enabled the group to open new trade corridors. Through new partnerships and shipping routes, AD Ports Group is developing the highest levels of connectivity between the Arabian Gulf, the Indian Ocean, the Red Sea, East Africa, and Central Asia – vital trading partners that will help drive economic growth in the regionandinternationally.

Major acquisitions have played a key role in AD Ports Group’s growth story in 2022. The company completed its firstinternationalacquisitioninSeptember,acquiringa70% stake in Egypt’s Transmar and TCI, and followed that with agreements to acquire an 80% stake in Global Feeder Shipping (GFS), which will see the group significantly expand its fleet and container capacity, and a 100% stake in Spain’sNoatum,agloballogisticsgiant.

Upon completion, these transformational investments will consolidate AD Ports Group’s position as a market leader across multiple industries, operating ports and terminals around the world, with a fleet of 175 vessels, a feeder container capacity of around 100,000 TEUs, and a global logistics brand providing specialist services across multipleterritories.

H.E. Falah Mohammad Al Ahbabi, Chairman, AD Ports Group, said: “Throughout 2022, AD Ports Group has demonstrated its consistent efforts to evolve the services we offer to customers, while supporting Abu Dhabi’s aims to be a leading global hub for trade and

logistics. AD Ports Group is proud to have delivered a remarkable growth story in 2022, expanding our global connectivity through new trade corridors, and becoming a truly global company through organic growth and international acquisitions.

“As we work to further develop infrastructure across assetsintheUAEandbeyond,ourobjectiveistopositionthe companyasaglobalenablerthatsupportsindustrialgrowth and contributes to our leaders’ strategic aims to diversify theUAEeconomy.”

Capt. Mohamed Juma Al Shamisi, Managing DirectorandGroupCEO,ADPortsGroup, said:“2022has been a strong and historic year for AD Ports Group and we are proud to have shown a consistent drive to advance our business model and operations. AD Ports Group has evolved from a key contributor to Abu Dhabi’s economy into apubliclylistedentitywithanexpandingglobalreachthatis activelytransformingkeyindustriesworldwide.

We believe that there are major opportunities ahead for AD Ports Group in international markets, and we have used ourtimein2022torestructureourcompanyintoempowered business clusters that work together to achieve our strategic goals. As always, we thank the leadership of the UAEfortheirguidanceandsupport,whichhasenabledusto movesofarandsofastasabusiness.”

To further support its growth aspirations, the company announced several key acquisitions, such as Divetech and ASCL and joint ventures within the UAE including the launch of SAFEEN Invictus and SAFEEN Surveys and Subsea Services. These strategic initiatives opened new business segments and service offerings for its Maritime Cluster, which has emerged as one of the most dynamic in thesector.

Throughout 2022, AD Ports Group continued to build its global presence, signing agreements with port authorities and partners around the world, including contracts with the Red Sea Ports Authority for major port projects along Egypt’scoastlineandwithSEG,oneofthelargestoilandgas companies in Uzbekistan, to open new logistics and freight businessesintheCentralAsiannation.

DemonstratingthefruitfulnessofADPortsGroup’sbold growth strategy, the group surpassed several key financial records in 2022. By 9M 2022, the Group’s revenue had grown 53% year-on-year to AED 1,466 million; EBITDA increased 52% to AED 594 million; and Net Profit soared 77% to reach AED334million.

Exporters grant Gold Award to GAC Sri Lanka

COLOMBO: The National Chamber of Exporters (NCE) of Sri Lanka has presented GAC with the ‘Gold Award’ in the ‘Large’ category in ‘Business & Professional Services - Export Sector’ atitsrecentawardsceremony.

The prize recognises the company’s standing as the country’s leading export agent in the category focusing on organisations with an annual export turnover between 500millionupto1.5billionRupees.

Nowinits29thyear,theNCEExportAwardsceremonyis the flagship event in the Sri Lankan business calendar, designedtorecogniseandrewardoutstandingperformance ofthecountry’sexporters.

Turbulenttimes

GAC Sri Lanka’s Director / CEO Ravi Edirisinghe welcomedtheaccolade,adding:“WinningGoldattheNCE’s Annual Export Awards is a significant achievement for us, especially during such turbulent times where the exports sector’s contribution to the stability of the economy has becomeincreasinglymoreimportant.“GACiscommittedto growing and expanding its services despite the difficult businessenvironment,toensurethevitalityofthecountry’s

shipping&maritimeservicessector.”

Marketleader

Establishedin1993asajointventurebetweenGulfAgency CompanyandMcLarensHoldingsLimited,GACSriLankais the only shipping agent established in all four of the nation’s majorports(Colombo,Galle,HambanthotaandTrincomalee) with their own offices and staff expertised in a wide range of marine and shipping services. The ISO 45001 and TRACE certifiedcompanyisthemarketleaderinshipagency,ship-toship transfers and other related maritime activities in Sri Lanka.GACSriLankaalsooffersarangeofservicestailored to the needs of maritime operations, including ship agency, port clearance, documentary & husbandry services, protecting agency, bunker fuel supplies, chartering, emergency response, ship-to-ship transfers, oil & gas logistics,righandling,navallogistics,provisionoffreshwater, provisions, bonded stores and spares, underwater hull & propeller cleaning, underwater inspections, and medical evacuation, assistance & repatriation. It serves all types of vessels, from tankers, bulkers and container vessels through toRo-Ro,cruiseandnavalshipsaswellasoil & gas, offshore supplyandsurveyvessels.