MUMBAI : (022)22661756 / 1422, 22691407
+ NORTH INDIA
AHMEDABAD : (079) 26569995, E-Mail:dstgujarat@gmail.com
SUBSCRIPTION : 1600/-
KANDLA : (02836)222665/225790, E-Mail:dstimeskdl@gmail.com
DPA Chairman meets Gujarat CM; discusses key projects
GANDHIDHAM:
Shri Sushil Kumar
S i n g h , I R S M E , C h a i r p e r s o nDeendayal Port Authority (DPA), had a courtesy meeting with Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat. Key projects at the Port were discussed, underscoring our emphasis on progress, innovation and overall development, informs a recent communique from DPA.
APSEZ kicks off FY25 with a strong 47% PAT growth in Q1
AHMEDABAD: Adani Ports and Special Economic Zone Ltd (“APSEZ”) announced its results for the quarter ending 30 June, 2024.
“FY25 has begun on a strong note for us with stellar performance on both financial and growth fronts. On the financial front, we posted all-time high earnings. But for the temporary disruption in Gangavaram Port, which is now fully restored, our Q1 cargo volume would have been at 114.7 MMT, a 13% increase.” Cont’d. Pg. 10
Atul Ubale to hold additional charge of Director (Finance) of SCI Board
MUMBAI: Shipping Corporation of India Ltd has announced that Mr. Atul Ubale who is holding the post of Director (B&T) is entitled to hold the additional charge of Director (Finance).
The Ministry of Ports, Shipping and Waterways has conveyed the approval of the Hon’ble Minister-in-Charge of Ports, Shipping, and Waterways to the entrustment of an additional charge of the post of Director (Finance), SCI to Shri. Atul Ubale, Director (B&T), SCl, for the period of 07.03.2024 to 06.09.2024 or until further orders, whichever is earlier, and subject to the approval of ACC, as per the regulatory filing.
He took charge as Director (Bulk Carrier & Tanker Division) with effect from 11th November 2019. In addition to the above, he took charge as Director (Finance) of SCILAL w.e.f. 07.03.2024. Besides, he is also holding Additional Charge as Director (Finance) of SCI with effect from 07.03.2024.
Shri Ubale is an alumnus of Mumbai University holding a Bachelor of Commerce Degree and Post Graduate Master’s Degree in Management Studies.
In a career spanning over 3 decades endowed with rich and vast experience in various facets of core shipping activities, he has ser ved and held vital positions in Technical & Offshore Services Division handling O&M Offshore Contracts, indigenising Indian offshore industry, ship acquisitions/shipbuilding contracts for augmenting Indian tonnage; and in Bulk carrier and Tanker Division-overseeing chartering and commercial operations of bulk carriers and tankers meeting the ever-growing and diverse needs of the Indian Oil Industry.
Allcargo Terminals revenue at Rs. 190 Cr
MUMBAI: Allcargo Ter minals Limited has announced its financial results for the quarter ended 30th June 2024
Key highlights:
• Presence across key ports, sales acceleration initiatives and client relationships enable strong volume growth of 9% over previous year and 4% over previous quarter.
• Leveraging volume growth and operational efficiencies give profitability a fillip with 13% EBITDA growth over previous quarter
Mr. Suresh Kumar R, Managing Director, Allcargo Terminals Limited said, “We have stayed ahead of the
market with strong volume growth translating into better margins. Operating efficiencies and cost initiatives enable robust sequential quarter EBITDA growth. Building on our growth trajectory we have embarked on capacity enhancement programs and remain committed to delivering sustainable long term value for our share-holders”
Minister highlights steps taken by Govt to boost MSMEs Exporters
NEW DELHI : The Government has taken a number of steps to facilitate easy access to credit for the MSME sector in the country, through various schemes, programmes and policy initiatives. Some of the schemes implemented are as follows.
•To facilitate the ow of credit to the Micro and Small Enterprises, without the hassles of collateral and third party guarantee up to a maximum of Rs. 5 crore, Credit Guarantee Scheme for Micro and Small Enterprises has been implemented.
•Prime Minister Employment Generation Programme (PMEGP) is a major credit-linked subsidy program, aimed at generating self-employment for Micro Enterprises.
•Pradhan Mantri Mudra Yojana (PMMY) extends collateral free credit up to Rs.10 lakh.Stand-Up India (SUI) Scheme facilitates loans from Scheduled Commercial Banks (SCBs) of value between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one women borrower per bank branch.
•PM Vishwakarma Scheme envisages to provide end-to-end holistic support, including credit support to artisans and craftspeople in the 18 trades covered.
•Launch of Udyam Assist Platform on 11.01.2023 to bring Informal Micro Enterprises (IMEs) under the formal ambit of MSME.
•Inclusion of Retail and Wholesale traders as MSMEs for the purpose of availing Priority Sector Lending benefits, w.e.f. 02.07. 2021.
Ministry of MSME implements the International Cooperation (IC) Scheme. Under this Scheme, financial assistance is provided on reimbursement basis to the eligible Central / State Government organizations and
Industry Associations to facilitate the participation of MSMEs in international exhibitions, fairs and buyer-seller meets held abroad Further, organizing international conference, seminar and workshops in India are also included in the scheme Additionally under the new component of IC Scheme, namely Capacity Building of First Time Exporters (CBFTE) launched in June 2022, reimbursement is provided to new Micro & Small Enterprises (MSEs) Exporters for costs incurred on Registration-cum-Membership Certification (RCMC), Export Insurance Premium and Testing & Quality certification for exports These interventions under IC Scheme assist the exporters in the MSME sector to increase their access to international markets. Ministry of MSME has established 60 Export Facilitation Centers (EFCs) across the country with an aim to provide requisite mentoring and handholding to MSEs.
The Government has taken measures to promote exports from the districts under the District as Export Hub Initiative Products/Services with export potential have been identified in the districts. An institutional mechanism has been set up in all States/UTs by forming the State Export Promotion Committee (SEPC) and District Export Promotion Committee (DEPC) at the District level To encourage exports from the districts under “Districts as Export Hubs”, DGFT through Regional Authorities has been engaging with States & Districts to conduct export promotion outreach events. This includes handholding sessions with exporters andexportrelatedawarenesssessions.
This information was given by the Minister of State for Micro, Small and Medium Enterprises, Sushri Shobha Karandlaje in a written reply in the Lok Sabha.
Mr Atul Ubale
AIS 3
BOUND WEST BOUND
MUMBAI : One International Centre, Tower 3, 22nd Floor, Senapati Bapat Marg, Prabhadevi (West), Mumbai 400 013. Tel: +91 22 4922 2555 | Fax: +91 22 4922 2551 I Email : kmtcindia@ekmtc.com
NHAVA SHEVA : Anchorage Building, Unit No. 112, First Floor, Dronagiri Node, Nhava-Sheva, Navi Mumbai 400 07. Tel: +91 22 2747 2671-6 | Email : nsaops@ekmtc.com
NEW DELHI : DLF Tower A, 1201-1202, 12th Floor, Jasola District Center, Jasola, New Delhi 110 025. Tel: +91 11 4312 1700 | Fax: +91 11 4312 1701 | Email : del@ekmtc.com
MUNDRA/GANDHIDHAM : Rabindranath Tagore Road, Plot No. 335 I and II Floor, Sector 1A, Near Olso Circle, Gandhidham, District : Kutch Gujarat 370 201. Tel: +91 2836 237011 | Email : gdm@ekmtc.com
HAZIRA/SURAT : 308, 3rd Floor, White Orchid, L. P. Savani Road, Adajan, Surat, Gujarat 395 009. Tel: +91 99040 03614 | Email : sur@ekmtc.com
AHMEDABAD : Sakar-IX, 1202-B, Beside Old Reserve Bank of India, Near City Gold, Ashram Road, Navrangpura, Ahmedabad, Gujarat 380 009. Tel: +91 79 48967003 | Email :amd@ekmtc.com
LUDHIANA : No. 142, Decent Tower, Urban Estate, Phase-II, Focal Point, Ludhiana, Punjab. Tel: +91 161 4084821 | Email: lud@ekmtc.com
CHENNAI : Chaithanya Imperial, Block A, 2nd Floor, Anna Salai, Teynampet, Chennai 600 018. Tel: +91 44 6067700 | Email: maa@ekmtc.com
033-2230
APSEZ kicks off FY25 with a strong 47% PAT growth in Q1
• Volumegrew8%Y-o-Yto109MT
• HighesteverquarterlyrevenueatRs.7,560Cr(21%YoYgrowth)
• HighesteverEBITDAandPATatRs.4,848Cr(up29%YoY)andRs.3,107Cr(up47%YoY)respec vely
• NetDebttoTTMEBITDAat2.1xvs2.3xinFY24
• Ra ngsupgradefromtwodomes cra ngagencies&outlookupgradefrominterna onalra ngagency
• SignedtwonewportconcessionagreementsandwononenewportO&Mcontract
• Arrival of first mothership at the Vizhinjam transshipment port, equipped with South Asia’s most advanced container handlingtechnology.
Cont’d. from Pg. 4
“On the growth front, we won two new port concessions and a port O&M contract. We are proud that four of our ports featured i n Wo r l d B a n k ’ s C o n t a i n e r Po r t Performance Index 2023” said Mr Ashwani Gupta, Whole-time Director & CEO, APSEZ.
Operational highlights
• During the quarter, APSEZ clocked 109MMT of cargo volume (up 8% YoY). The growth was primarily driven by Containers (up 18% YoY) and Liquids & Gas (up 11% YoY). We had a temporary disruption leading to a loss of 5.7 MMT at the Gangavaram Port, which is now fully restored.
• Mundra Port handled the highest every quarterly volume by any Indian port (51 MMT).
• Mundra, Kattupalli, Hazira, and Krishnapatnam featured in World Bank’s Container Port Performance Index 2023 The index benchmarks ports globally across multiple parameters including productivity, efficiency and reliability
• Highest ever quarterly rail cargo (0.16Mn TEUs, up 19% YoY) and GPWIS volume (5.56 MMT, up 28% YoY).
• Container volume handled at MMLPs increased by 27% YoY to 103,784 TEUs.
Financial highlights:
• Revenue grew by 21% YoY to Rs 7,560 Cr in Q1 FY25.
• EBITDA (excluding forex) jumped 29% to Rs. 4,848 Cr. Domestic Ports contributed Rs. 3,990 Cr to EBITDA and Logistics contribution was at Rs. 144 Cr.
• Domestic ports EBITDA expanded by 32 bps to 72% due to better asset sweating.
• Net debt to TTM EBITDA at quarter-end stood at 2.1x.
• CARE and ICRA upgraded APSEZ’s credit rating to ‘AAA’ S&P upgraded credit outlook to “Positive” from “Stable”, driven by improving scale and diversification.
Business highlights:
• Signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania. CT2, with four berths, has an annual cargo handling capacity of 1 million TEUs and managed 0.82 million TEUs of containers in 2023.
• Received a LOI for development, operation and maintenance of Berth No 13 at Deendayal Port The Company has been awarded this LOI for a 30-year concession period through a competitive bidding process.
• Received LOI for five-year O&M of container facility at Netaji Subhas Dock at Syama Prasad Mookerjee Port, Kolkata Netaji Subhas Dock is the largest container terminal on the eastern coast of India and handled 0 63 million TEUs in FY2023-24 APSEZ’s presence at the port will drive synergies with upcoming transshipment hubs at Vizhinjam and Colombo
• First mothership arrived at the Vizhinjam Port, India’s first transshipment port equipped with South Asia’s most advanced container handling technology.
• Rakes count increased to 131 (from 127 at FY24 end).
• Warehousing capacity increased to 2.9 million sq. ft. with the addition of warehouse at Palwal (2.4 million sq. ft as of FY24 end).
• Agrisilo capacity was at 1.2 MMT and is expected to increase to 4 MMT on completion of the projects underway
• Marine services business deployed a tug each in Mexico and Sri Lanka.
ESG highlights
• Sustainalytics assigned a score of 11.3 to APSEZ, placing the company in “Low” risk category APSEZ secured 95 percentile score and retained its position as the top-ranked company in the low carbon transition rating within the port sector.
• APSEZ was felicitated by CDP for its efforts in tackling climate change and implementing a robust engagement program within its supply chain The award was presented at the 'Climate Action in India: Role of Businesses & Supply Chain’ ceremony, co-hosted by the Federation of Indian Chambers of Commerce & Industry (FICCI). CDP has assigned APSEZ a leadership band “A-” in climate change and supplier engagement.
Awards and accolades
• APSEZ clinched the prestigious title of “Best Port of the Year Containerised in a Private Sector” at the India Maritime Awards (8th Edition).
• APSEZ was awarded the prestigious title of “Master of Risk Logistics” at the 10th edition of the India Risk Management Awards.
COSCO SHIPPING LINES (INDIA)
CI1 Service
NORTH WEST INDIA SERVICES
PAKISTAN AND MUNDRA EXPRESS SERVICE
ASX Service
ARABIAN SEA EXPRESS
TCX Service
SOUTH INDIA SERVICES
THAILAND CHENNAI EXPRESS
FCS Service FAR EAST CHENNAI SERVICE
IEX Service INDIA EUROPE EXPRESS SERVICE
Head Office - Mumbai :
Unit 802, B Wing, 8th Floor, Godrej Two, Pirojsha Nagar, Eastern Express Highway, Vikhroli (E), Mumbai, 400079, India
Tel: +91 022 61247300, Fax: +91 022 26665780
Delhi Office :
238, 3rd Floor Okhla Industrial Estate, Phase-3 New Delhi-110020, India
Tel: +91 011 66266627 / 66266625, 66266609, 66266628, 66266608 , 66266618
Mundra Office :
Second Floor, Plot No. 86, Sector 1A, Near Hero Motorcycle Showroom, Gandhidham – 370 201
Mumbai Sales - Mr. Kaushik Valecha 9769963483 kaushik.valecha@coscon.com
Mumbai Customer Service - Ms. Minal Bharati 9869082992 minal.bharati@coscon.com
Mundra Sales - Mr. Vicky Bhatia 9879843963 vicky.bhatia@coscon.com Mundra Customer Service - Ms. Rupal Thacker 9429814071 rupal.thacker@coscon.com New Delhi Sales - Mr. Rohit Dixit 9717295812
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
VESSELS IN PORT
Stream Adonnis DBC Berbera
CJ-XVA African Leopard Aditya Marine USA
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Encore Krishna Shpg. 07/08
CJ-II Suvari Kaptan DBC 09/08
CJ-III Common Venture BS Shpg. 10/08
CJ-IV Zhe Hai 2 Mihir & Co. 07/08
CJ-V Maple Tulip Dariya Shpg. 06/08
CJ-VI Pacific Pride Dariya Shpg. 07/08
CJ-VII African Quail DBC 08/08
CJ-VIII VACANT
CJ-IX Barramundi Interocean 07/08
CJ-X Jahan Moni Samudra 08/08
CJ-XI SCI Chennai J M Baxi 06/08
CJ-XII Hansa Europe Hapag Llyod 06/08
CJ-XIII Ince Ilgaz Arnav Shpg. 07/08
CJ-XIV SW South Wind Synergy Seaport 08/08
CJ-XV Century Eagle Chowgule Bros. 09/08
CJ-XVA African Leopard Aditya Marine 08/08
CJ-XVI Martin Cross Trade 10/08
TUNA VESSEL'S NAME AGENT'S NAME ETD
Arinaga Benline 06/08
Lila Shanghai Seascape 07/08
Curia Dariya Shpg. 07/08
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Jag Vikram
OJ-II Eva Manila Samudra 06/08
OJ-III Hafnia Violette J M Baxi 06/08
OJ-IV No.2 Asian Pioneer
OJ-V VACANT
OJ-VI Dynasty
OJ-VII GW Dolphin Interocean 06/08
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
MO Joud 02/08 Sudan Della 02/08 Nacala
Raon Teresa 02/08 Jebel Ali AS Alexandria 03/08 Pipavav-CochinTuticorin-Kattupalli
Mercurius 03/08 Persian Gulf
Pioneer Ellite 04/08 Bangladesh Cariboo 04/08 China
Han Yi 04/08 Umm Qasr Bow Clipper 04/08
Steamer's Name Agents Arrival on Mohsen Ilyas Seacoast 26/07
Pacific Pride Dariya Shpg. 30/07
Adonnis DBC 26/07
Gramba Upasana Shpg. 31/07
Eraclea Cross Trade 28/07
Libra DBC 01/08
Twinluck SW Benline 02/08
Faneromeni Chowgule Bros. 30/07
Steamer's Name Agents Arrival
05/08 Arequipa Queen Trueblue
CJ-XV
CJ-I
Stream Eraclea Cross Trade
Stream Faneromeni Chowgule Bros.
05/08 GF Trader DBC Yemen
Stream Gramba Upasana Shpg.
Stream
CJ-X Jahan
Stream Mohsen Ilyas Seacoast
Stream Puffin Bulker Cross
Stream Rek R J M Baxi
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
CJ-VII African Quail DBC
08/08 Alexandros P Taurus
Tuna Arinaga Benline
CJ-IX Barramundi Interocean Brazil
Tuna Curia Dariya Shpg.
CJ-XIII Ince Ilgaz Arnav Shpg. Ukrain
Tuna Lila Shanghai Seascape
CJ-V Maple Tulip Dariya Shpg.
Stream Ocean Anny Chowgule Bros. Indonesia
INIXY124070255
INIXY124070137
INIXY124070319
T. Scrap In Bulk INIXY124070291
Woodpulp In Bales INIXY124070251
CJ-VI Pacific Pride Dariya Shpg. Indonesia 58,300 T. Indo Steam Coal In Bulk INIXY124070284
07/08 Pappous Yios Benline
05/08 Santa Venera Arnav Shpg.
Stream Twinluck SW Benline
Stream Victoria Harbour Synergy Australia
Stream YM Summit Interocean
CJ-IV Zhe Hai 2 Mihir & Co.
T. Coking Coal In Bulk INIXY124070239
T. Sugar In Bulk INIXY124070304
T SteeL Scrap In Bulk INIXY124070252
CBM Pine Logs INIXY124070306
T. Sugar In Bulk INIXY124070341
CBM Pine Logs INIXY124070313
LIQUID CARGO VESSELS
Stream Bow Platinum GAC Shpg.
Stream Eva Fuokoka Samudra
OJ-II Eva Manila Samudra
OJ-VII
06/08
06/08
05/08
06/08
DP WORLD MUNDRA
LOAD FOR
EAST JAPAN, CHINESE PORTS
Tanjung, Pelepas, Port Kelang (NWX)
09/08 09/08-AM Interasia Enhance 036E 4072773 Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong
Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1)
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, (FEX) TO LOAD FOR INDIAN SUB CONTINENT
05/08 —/— Maersk Cardiff 429W 4072456 Maersk Line Maersk
CONTAINER VESSELS DUE
IN PORT FOR IMPORT DISCHARGE
Cap San Vincent (V-430W) Nhava Sheva 02-08-2024 Yeosu Voyager (V-2406) Nhava Sheva 02-08-2024 Addison (V-7W) Port Kelang 03-08-2024
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
(AIS)
/ SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) 08/08 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX)
06/08-PM HMM Bangkok 117E 2402654 Hyundai Seabridge Maritime Port klang, Singapore, Shekou, Ningbo, Shangai, Kwangyang, Busan (FIM)
07/08-PM Ever Ethic 169E 2402681 Evergreen/ONE Evergreen Shpg/ONE Port Kelang, Tanjin Pelepas, Singapore, Xingang, Qingdao, Ningbo 08/08 13/08 13/08-AM Shimin 22E 2402824 Feedertech/TS Lines Feedertech
ADANI INTERNATIONAL CONTAINER TERMINAL
GULF PORT
King Abdulla (EAF)
TBA MSC MSC Agency Bahrain, AL Jubail, Hamad, Abu Dhabi, (MEF 4)
TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS
PIPAVAV PORT
In Port —/— Maersk Detroit 430W 24253 Maersk Line Maersk India Algeciras
16/08 15/08-1800 Maersk Atlanta 431W 24263
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS
In Port —/— OOCL Luxmbourg 111E 24252 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 05/08 19/08 19/06-AM Stratford 113E 24267 Gold Star / RCL Star Shpg/RCL Ag. (CIXA) 19/08 05/08 05/08-1600 Conti Crystal 137E 24256 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 06/08 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3)
05/08 05/08-0800 Xin Beijing 146E 24249 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 06/08 09/08 09/08-0600 Xin Ya Zhou 163E 24261 Nansha, Port Kelang (CI1) 10/08 05/08 05/08-1030 X-Press Odyssey 24031E 24246 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 06/08 10/08 10/08-1000 X-Press Carina 432E 24259 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 11/08 Sinokor / Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan.
06/08 06/08-0200 BLPL Blessing 2414E24258 BLPL Transworld GLS Far East Ports
11/08 11/08-1630 One Reliability 006E 24257
05/08 05/08-1300 SCI Chennai 2408 24264 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE) 06/08 05/08 05/08-0800 Xin Beijing 146E 24249 COSCO COSCO Shpg.
11/08 11/08-1630 One Reliability 006E 24257 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo.
17/08 17/08-AM Cap Andreas 013E 24270 ONE ONE (India) (TIP)
14/08 14/08-0900 SSL Gujarat 157 24265 SLSSLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 15/08 16/08 16/08-AM Mogral 0085 24268 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 16/08 Krishnapatanam, Cochin, Mundra. (CCG) TO
LOAD FOR US & CANADA WEST COAST
In Port —/— Maersk Detroit 430W 42253 Maersk Line Maersk
SHIPPING MOVEMENTS AT ADANI HAZIRA PORT
Comprehensive Economic Partnership Agreement helped trade between UAE, India increase by 15%
NEW DELHI: The Ambassador of the United Arab Emirates to India, Abdulnasser Alshaali, recently said here that bilateral trade between the Middle Eastern country and India rose by 15 per cent to USD 83.6 billion in fiscal 2023-24, powered by the Comprehensive Economic Partnership Agreement. Alshaali noted that the deal inked in May 2022 propelled trade from USD 73 billion in FY 2021-22 to USD 83.6 billion by streamlining trade processes, reducing tariffs and creating more robust pathways for businesses to operate across borders.
“ T h e p o s i t i v e i m p a c t o f t h e Comprehensive Economic Partnership Agreement (CEPA) is highly visible when considering the growth in
bilateral trade between the UAE and I n d i a T h i s i s a s i g n i f i c a n t achievement that underlines the transformative benefits of the CEPA and the strong prospects for further growth in the UAE-India economic partnership,” Alshaali said in an interaction with reporters.
According to the Ambassador, UAE has set a target to achieve USD 100 billion worth of non-oil bilateral trade with India by 2030.
Facilitated by the CEPA , he observed that the South Asian country’s gems and jewellery, pharmaceuticals and fruits and vegetables exports to UAE rose massively, recording a growth rate of 64 per cent, 39 per cent and 35 per cent respectively
Calling CEPA as only the beginning, t h e A m b a s s a d o r s a i d t h e r e i s considerable potential to further enhance trade ties and added that the UAE is eliminating tariffs on a total of 7,581 Indian products in the coming years. Alshaali said these products account for 99 per cent of India’s exports to the UAE in terms of value and added that tariffs were already eliminated for over 80 per cent of India’s total exports to the UAE.
The Ambassador also highlighted that several UAE companies were capitalising on the bilateral trade deal to enter the Indian market, especially in the fields of construction, energy and retail.
m.v. “MSC FIAMMETTA” Voy : XA428A I. G. M. NO. 2384253 Dtd. 02-08-24 Exch rate 85.91
The above vessel has arrived on 04-08-2024 at MUNDRA PORT with Import cargo from SHARJAH. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
MUNDRA PORT SEZ
The above vessel has arrived on 04-08-2024 at MUNDRA PORT with Import cargo from JUBAIL. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
The above vessel has arrived on 04-08-2024 at MUNDRA PORT with Import cargo from SHARJAH, COTONOU, DJIBOUTI, LIBREVILLE, TEMA, MONROVIA, HAMAD, MESAIEED,
Please
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,
MoSPW highlights significance of SAGAR SETU App
NEW DELHI: Sagar Setu has achieved integration with all 13 major ports and 41 non-major ports of India. The details of major ports and non-major ports are given in Annexure-I.
Sagar Setu application has garnered a base of over 21,000 users spread across diverse geographic regions within India. The sector wise details of user/Stakeholder using the S a g a r S e t u a p p l i c a t i o n i s a t Annexure-II. These users are port authorities, service providers like shipping agents, terminal operators, Customs House Agents (CHAs) Importers/ Exporters etc. The number of users, state wise including Andhra Pradesh is at Annexure-III.
The Benefits of Sagar Setu are as below:
1. Real Time Data Exchange enabling the following in the long term:
a. A single platform to perform all core activities for importers, exporters, customs brokers, and freight forwarders;
b. End-to-end functionality for performing self-clearance digitally a n d o n l i n e t r a n s a c t i o n s w i t h custodians;
c. Providing a level playing field for all relevant stakeholders, both large and small;
d. Complete domestic tracking of shipments with notifications at each stage;
e. Real-time information on activities;
f Eenhanced transparency in government-to-business relations and ease of doing business;
g. Reduced costs and timeframes for the execution of trade and logistics operations; and
h. Paperless transactions for all stakeholders, along with business intelligence reporting and data analytics.
2. The visibility of operation is indicated stakeholder wise, as detailed below:
a. Ports & Terminal Operators: All 13 major ports (with their Terminal Operating System, TOS/ Port Operating System, POS) and 41 nonmajor ports are integrated with National Logistic Portal Marine (NLP-M) Almost all ter minal operators at major ports have been onboarded.
b. Customs: Integration with Indian Customs Electronics Gateway ( I C E G AT E ) s t r e a m l i n e s t h e electronic exchange of data and information between customs and ports.
c. Port Health Organisation (PHO) module: PHOs can approve and issue certificates using the PHO module, and notifications will be sent to port officials. Requests for Free Pratique and Health Declaration Certificates to PHOs at ports are available through Sagar Setu.
d. M e r c a n t i l e M a r i n e Department (MMD) module: Real-time and online information exchange regarding vessel detention and release is available to MMD i n s p e c t o r s , p o r t a u t h o r i t i e s , and other stakeholders
e. Indian Railways: Messages from Sagar Setu are integrated with Frieght Operations Information System (FOIS) for sharing voyage registration, Electronic Verified G r o s s M a r g i n ( e V G M ) , b e r t h allotment, container pendency, and bulk pendency
f. Unied Logistics Interface P l a t f o r m ( U L I P ) : M u l t i p l e messages are integrated between ULIP and Sagar Setu.
g. D i r e c t o r a t e G e n e r a l o f Lighthouses and Lightships (DGLL): The DGLL module has been developed and provides information on lighthouse dues payment status on Sagar Setu.
h. Banks: Multiple banks have been onboarded in Sagar Setu for B u s i n e s s t o G o v e r n m e n t Transactions (B2G) transactions Sagar Setu also plans to implement B u s i n e s s t o B u s i n e s s ( B 2 B ) transactions on its platform.
3. Improving Port Operations and Efciency:
a. 9 8 m e s s a g e s h a v e b e e n integrated over NLP-M, providing the Ministry of Ports, Shipping and Waterways (MoPSW) with visibility into key port operations metrics and monitoring efficiency
b. The processes for PHO free pratique and health declaration forms have shifted entirely from manual to NLP-M, leading to a much reduced process time of five hours at most major ports.
c. With the data available in Sagar Setu, insights can be provided
regarding vessel approval times, voyage tracking, and crew and cargo details, which can enable ports to improve their turnaround times and ensure greater transparency
In the fiscal year 2024, there were close to 69 Lakhs message exchanges on Sagar Setu The total value of financial transactions processed on the Sagar Setu platform amounted to INR 12,000+ crores.
The details of message exchange port/state wise including Andhra Pradesh are at Anneure-IV
A 24/7 Sagar Setu Helpdesk team operates to offer both operational and technical assistance. On an average around 1300 queries and issues are reported. The predominant issues reported by users are as under :
i. Challenges encountered with the exchange of Electronic Data Interchange (EDI) files;
ii. Difficulties related to the i n t e g r a t i o n w i t h C u s t o m s (ICEGATE);
iii. Problems with the receipt of COPRAR (Container Pre-arrival Report) messages; and
iv. Various lesser applicationrelated issues, including those concerning user registration and login, payment processes, etc.
The average time to resolve an issue is around 4 days.
A series of workshops and training programs have been organized, featuring key events such as Conference Room Pilot sessions in August 2022, Port Feedback sessions i n A u g u s t 2 0 2 3 , a n d a U s e r Acceptance Testing (UAT) Demo session in September 2023. In addition to these scheduled events, bespoke sessions are also offered on an asneeded basis to educate users about the Sagar Setu application. Tailored sessions are regularly provided upon the request of stakeholders, including Port Authorities, regulatory bodies, and shipping agents, to ensure they a r e w e l l - v e r s e d i n u s i n g t h e application. Furthermore, routine weekly and monthly meetings with the nodal officers from various trade associations are held to discuss and resolve any issues that users may encounter during their operations Sagar Setu also offers a range of user guides and video tutorials that are readily accessible to the general public.
Steps
taken for the safety of
NEW DELHI : Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal informed in a written reply in Lok Sabha that, Government has taken steps to ensure occupational safety standards at ports Ministry of Labour and Employment, Government of India has enacted the Dock Workers
hazardous
material in Ports : MoPSW
(Safety, Health and Welfare) Act, 1986 to ensure the safety, health and welfare of dock workers and matter connected therewith.
In all Major Ports, Directorate General Factory Advice Services & Labour Institutes (DGFASLI), Ministry of Labour and Employment, Gover nment of India through
Inspectorrate of Dock Safety, being t h e C e n t r a l G o v e r n m e n t , i s responsible for enforcement of the Dock Workers (Safety, Health and Welfare) Act, 1986 and Regulations, 1990 framed there-under.
In case of ports other than major ports, the State Government is the appropriate authority
Nitin Gadkari says Road projects worth Rs 3 lakh Cr to be awarded by MoRTH in 3 months
NEW DELHI: Road Transport and Highways Minister Shri Nitin Gadkari recently said his Ministry will award road contracts worth Rs 3 lakh crore within three months and close the current financial year with contracts worth Rs 5 lakh crore. Addressing an event here, Gadkari said because of the Lok Sabha elections and the model code of conduct, the speed of awarding road projects was slow in the initial months of the current financial year
Gadkari assured that, within three months, he will finalise the (road) contracts more than Rs 3 lakh crore, and our target is to award over Rs 5 lakh crore of (road) contracts by March 2025, Gadkari noted that the road ministry has a lot of road projects in the pipeline, and raising funds for the projects will not be a problem, as NHAI has a very good reputation in the capital market
The Minister said NHAI’s present toll income is Rs 45,000 crore and in the next two years, it will go up to Rs 1.4 lakh crore.
“We are monetising the road assets by which we are getting the money So, there is no problem about the resources,” Gadkari said.
NHAI has, so far, awarded three projects of 47.04 km in the current financial year till date, while the total length awarded by the Ministry till June stands at 95 km.
PPA clocks the fastest 50 MMT cargo throughput in a fiscal
throughput zoomed past 50 MMT (Million Metric Tonnes) mark in cur rent fiscal. After unforgettable last fiscal, PPA has made an auspicious beginning to FY 24-25 and total cargo volume has reached 50.16 MMT (Million Metric Tonnes) within the first four months, which is the fastest ever in PPA history In the current
fiscal, the coveted mark was achieved 8 days in advance compared to last year and the Port has clocked an incremental growth of 5 16 % in comparison to corresponding period of previous fiscal. Coal cargo which constitutes a major chunk of cargo volume has reached 23 11 MMT exhibiting a growth of 6.72% over the corresponding period of the previous fiscal. Iron ore and pellets have reached 9 MMT showing a growth of 20.74% and container cargo has grown by 85.07% over the same period.
Shri P.L. Haranadh, Chairman, PPA has expressed his gratitude to Hon’ble Union Minister of MoPSW, Shri Sarbananda Sonowalji for his leadership and guidance from time to time Commenting on the record achievement, Shri Haranadh said, "Team PPA, with utmost dedication and meticulous planning has made the enhanced target look easy The way, the team has contributing, I am confident that PPA will surpass 150 MMT Cargo throughput mark in the current fiscal
MoPSW update on Port Monetisation
NEW DELHI: Private Sector participation has been allowed in the M a j o r P o r t s f o r s p e c i f i c projects/berths/terminals through concession agreement for a specific period by way of open competitive b i d d i n g p r o c e s s o n r e v e n u e share/royalty between the Major Port Authority and the Concessionaire After expiry of the concession period,
the asset is handed over to the Port Authority Rs.10000 crore investments through award of PPP projects for FY 2024-25 at VO Chidambaranar Port (Rs.7055 Crore), Deendayal Port (Rs 1880 Crore), Syama Prasad Mookerjee Port (Rs 1065 Crore) is targeted for the financial year 2024-25. These projects have already b e e n g
Government. In order to provide more autonomy, flexibility and a
Authorities Act, 2021 by replacing the Major Port Trusts Act, 1963, Revision of Model Concession Agreement ( M C A ) , a n d Fo
o
o f Guidelines for Tariff fixation for PPP Projects have been done
No consolidation impact on competition : Sea-Intelligence
COPENHAGEN: Sea-Intelligence recently analysed whether the turmoil of the last four years has led to the largest carriers growing in dominance versus the mid-tiered car riers, or has this been an opportunity for mid-sized carriers to gain in importance versus the big carriers?
To do this, it calculated the global HHI (Herfindahl-Hirschmann Index) for the top 30 carriers, splitting them across three equal segments The index is a measure of industry consolidation. An HHI below 1,500 is not seen as concentrated and M&A is usually not problematic. An index of 1 , 5 0 0 - 2 , 5 0 0 i s m o d e r a t e l y c o n c e n t r a t e d a n d i n s u c h a n environment M&A would be subject to closer scrutiny An index above 2,500 is highly concentrated.
represented by “across all 30” – the HHI ind
clined ver y marginally, and being under 1,200, it would represent an industry with a low degree of concentration For the 10 largest carriers, despite the t u r m o
,
c o n c e n t r a t i o n , a n d h e n c e competitive pressure is also largely unchanged The same is seen to be the case for the carriers in the third tier from rank 21 to 30 However, for the carriers in the tier just below the largest carriers, there has indeed been some increase in the level of c o n c e n t r a t i o n H o w e v e r, t h e increase only leads to a level roughly on par with the internal pressure seen between the largest carriers, a n d c e r t a i n l y
threshold of HHI level 1,500.
The data clearly shows that despite complaints from shippers as to the concentrated nature of the industry, the level of concentration, as seen from a global perspective, does not exceed what is normally seen as t h e t h r e s h o l d f o r m a r g i n a l concentration And the market turmoil since 2020 has neither increased nor decreased these levels.
Cabinet approves 8 Key National High-Speed Corridors to improve logistics efficiency, reduce congestion and
enhance connectivity
The new corridor between Tharad and Ahmedabad to complete the High Speed Road Network in Gujarat for seamless port connec vity and reduced logis cs cost
NEW DELHI: The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved the development of 8 important National High Speed Corridor projects with a Length of 936 km at a cost of Rs. 50,655 crore across the country Implementation of these 8 projects will generate an estimated 4.42 crore mandays of direct and indirect employment.
Project Briefs:
1. 6-Lane Agra - Gwalior National High-Speed Corridor
2. 4-Lane Kharagpur - Moregram National HighSpeed Corridor
This corridor will enable reduction in travel time from existing 9 to 10 hours to 3 to 5 hours for freight vehicles between Kharagpur and Moregram, thereby reducing logistics cost.
3. 6-Lane Tharad - Deesa - Mehsana - Ahmedabad National High-Speed Corridor:
The 214-km 6-Lane High-Speed Corridor will be developed in Build - Operate - Transfer (BOT) mode at a total capital cost of Rs. 10,534 Crore. The TharadAhmedabad corridor will provide connectivity between two key National Corridors in the state of Gujarat, viz., Amritsar - Jamnagar Corridor and Delhi
- Mumbai Expressway, thereby providing seamless connectivity for the freight vehicles originating from industrial regions of Punjab, Haryana, and Rajasthan to the major ports in Maharashtra (JNPT, Mumbai and newly-sanctioned Vadhavan port). The corridor will also provide connectivity to key tourist destinations in Rajasthan (e.g., Mehrangarh Fort, Dilwara Temple, etc.) and Gujarat (e.g., Rani ka Vav, Ambaji Temple, etc ) It will further reduce the distance between Tharad and Ahmedabad by 20% and the travel time by 60%, thereby improving logistics efficiency.
4. 4-Lane Ayodhya Ring Road
5. 4-Lane Section between Pathalgaon and Gumla of Raipur-Ranchi National High-speed Corridor
6. 6-Lane Kanpur Ring Road
7. 4-Lane Norther n Guwahati Bypass and Widening/Improvement of Existing Guwahati Bypass
8. 8-Lane Elevated Nashik Phata - Khed Corridor near Pune:
30-km 8-Lane elevated National High-Speed Corridor from Nashik Phata to Khed near Pune will be developed on Build-Operate-Transfer (BOT) at a total capital cost of Rs. 7,827 Crore.
DGFT permits essential commodities export to Maldives via Kandla & Vishakhapatnam Ports
NEW DELHI : The Indian government announced recently that it will permit the export of essential commodities, usually under a prohibited or restricted c a t e g o r y, t o t h e M a l d i v e s f r o m K a n d l a a n d Vishakhapatnam seaports for the financial year 2024-25.
With this inclusion, the number of ports sanctioned for exports to the Maldives has increased to six, enhancing bilateral trade opportunities.
The Directorate General of Foreign Trade (DGFT)
confirmed the decision in a formal notification. Bilateral trade between India and the Maldives rose marginally to USD 978.56 million in 2023-24 compared to USD 973.37 million in the previous fiscal year. Indian exports reached USD 892 million, with key items including engineering and industrial products, phar maceu
The development is pivotal given the recent diplomatic tensions between the two nations.
Adani Group mulls investment of $2 billion in Vietnam Port
AHMEDABAD : Adani Group is considering investment of more than $2b in Lien Chieu port, Vietnam’s coastal city of Danang, after Chairman Gautam Adani in a meeting with Vietnamese PM Pham Minh Chinh in New Delhi, reported Bloomberg.
The company also looks to invest in a thermal power project in Vietnam’s south central coastal province of Binh Thuan, with total investment expected at $2.8 billion It also plans to cooperate with Vietnamese partners in aviation and logistics sectors, including
construction of Long Thanh and Chu Lai airports, Bloomberg added.
Last month, Adani Ports and Special Economic Zone
Lt also announced long-term investments worth around $10 billion in Vietnam, including $3 billion in ports and green energy there.
Adani said the company spent time researching and assessing opportunities for long-term investment in the Southeast Asian country Along with the seaport and logistics sectors, the ports operator is also looking at investing in the energy sector and digital technology of the nation.
Forex reserves come off record highs, fall to $667.39 billion
MUMBAI: After jumping to record-high, India’s forex reserves dipped by $3.47 billion to $667.39 billion for the week ending on July 26, data shared by the Reserve Bank of India (RBI) showed. Previously, country's forex reserves jumped by $4.00 billion to hit an all-time high of $670.86 billion as of July 19. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) fell by $1.1 billion to $586.88 billion.
On the other hand, Gold reserves contracted by $2.2 billion to $57.69 billion. SDRs for the above mentioned week fell by $5 million to stand at $18.202 billion. Moreover, Reserve position in the IMF was up by $2 million to $4 61 billion
