GUJ-06-05-2024

AHMEDABAD : Freight Bridge Logistics Pvt Ltd (FBL) stuffed their First LCL Container from CONCOR, ICDAnkleshwar, according to a official Communique. With this FBL have added another ICD in its list to provide LCL consolidation services to the trade.

Cont’d Pg. 21

APSEZ FY24 net prot jumps 50%

Refer Pg. 19

Indian Private Ports register double-digit growth in FY24

Refer Pg. 18

COSCO SHIPPING LINES (INDIA) PVt.

NORTH WEST INDIA SERVICES

AIS Service

PAKISTAN AND MUNDRA EXPRESS SERVICE PMX Service

ARABIAN SEA EXPRESS ASX Service

SOUTH INDIA SERVICES

TCX Service THAILAND CHENNAI EXPRESS

FCE Service FAR EAST 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 rohit.dixit@coscon.com New Delhi Customer Service - Ms. Anuradha Sharma 9654282457 anuradha.sharma@coscon.com

SHIPPING MOVEMENTS AT GUJARAT PORTS

TODAY’S TIDE 06/05/2024

Cargo Steamer's Agent's ETD

Jetty Name Name

CJ-I Everest Arnav Shpg. 07/05

CJ-II Future ID DBC 10/05

CJ-III Harmony Preetika Shpg. 09/05

CJ-IV Alora Shantilal Shpg. 09/05

CJ-V KM Weipa Cross Trade 08/05

CJ-VI Dulse Diva Genesis 07/05

CJ-VII Horizon Jade Chowgule Bros. 08/05

CJ-VIII VACANT

CJ-IX Michelia Benline 09/05

CJ-X Agia Eirini Force Dariya Shpg. 10/05

CJ-XI TCI Express TCI Seaways 07/05

CJ-XII Azagoun Armita India 07/05

CJ-XIII Hake Rishi Shpg. 08/05

CJ-XIV Federal Iberville Interocean 09/05

CJ-XV AC Oren Mihir & Co. 10/05

CJ-XVA Aurora SB Chowgule Bros. 11/05

CJ-XVI Capricorn Synergy 09/05

TUNA VESSEL'S NAME AGENT'S NAME ETD

Flora Benline 07/05

Gina Oldendorff Dariya Shpg. 07/05

ES Warrior Interocean 07/05

OIL JETTY VESSEL'S NAME AGENT'S NAME ETD

OJ-I Symi ISS Shpg. 07/05

OJ-II Geum Gang Wilhelmsen 07/05

OJ-III Loanna Samudra 07/05

OJ-IV Bashundhara Malika Interocean 07/05

OJ-V GAZ Crystal Wilhelmsen 07/05

OJ-VI VACANT

OJ-VII Champion Tern GAC Shpg. 07/05

Woohyun Sky 04/05

ATN Unity 04/05

Fortune Lord 04/05

Prince Khaled 05/06 Somalia

Sofia II 05/06 Somalia

Eihwaz 05/06 China

African Avocet 05/06 USA

CJ-XV

VESSELS IN PORT & DUE FOR EXPORT LOADING

15/05 Atriculate DBC

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

CJ-X Agia Eirini Force Dariya Shpg. Indonesia 29,800 T. Coal

09/05 Atlantic B Delta Waterways 21,157 T. Coking Coal In Bulk 2024051009

Stream Asi M Dariya Shpg. Russia 50,793 T. Yellow Peas

CJ-XVI Capricorn Synergy Montevideo 30,858 T. Pine/Eucalyptus Logs 2024041351

Stream Cyclades J M Baxi Izrael 51,300 MOP In Bulk 2024051011

CJ-VI Dulse Diva Genesis 60,500 T.Iron Ore Pellets In Bulk 2024041410

Tuna ES Warrior Interocean Argentina 58,003 T. Petrolum Coke In Bulk

CJ-I Everest Arnav Shpg. Ukrain 51,800 T. Yellow Maize In Bulk Peas 2024041223

CJ-XIV Federal Iberville Interocean Santos Brazil 28,482 T. Peas & Lentils In Bulk

Tuna Flora Benline 77,230 T. Sugar In Bulk 2024041255

Tuna Gina Oldendorff Dariya Shpg. U.S.A. 2,113 T S Coal (Non Coking) In Bulk

Stream Global Symphony DBC Japan 3,535 T. Steel Cargo 2024041373

Stream Gracia Aeterna Seascape Austraila 56,500 T. C. Coal In Bulk 2024041418

CJ-XIII Hake Rishi Shpg. Malaysia 27,138 CBM T. Logs 2024041402

CJ-III Harmony Preetika Shpg. 10,255 T. Bitumen In Bulk

Stream Hosei Crown Seaworld Shpg. Japan 660 T. HR Coils

08/05 IBI DBC Japan 1,833/287/156 T. CRC/ 2024041392 S. Bars / Proj. Cargo

CJ-V KM Weipa Cross Trade Jordan 36,000/26,000 T.DAP/Rock Phos. 2024041326

Stream Marathassa Avantika Shpg.

T. Coal in Bulk

06/05 Melbourne Spirit Synergy Montevideo 34,056 CBM Pine Logs 2024051018

CJ-IX Michelia Benline 50,000 T. Petcoke

06/05 Tahiti One Dariya Shpg. Baltimore, USA 77,696 T. Coal In Bulk 2024051008

Stream Vittoria Benline USA 1,25,200 T.US Coal In Bulk 2024041232

LIQUID CARGO VESSELS

Stream SC Draco J M Baxi

OJ-I Symi ISS Shpg. Ras Tanura

Stream TM Hai Ha 818 Marinelinks

2024041390

2024041388

2024041427

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

DP WORLD MUNDRA

07/05 07/05-AM Norderney 84 4041314 Unifeeder Transworld Shpg. Maputo (MJI)

10/05 10/05-AM Maersk Cape Town 419S 4041648 Maerssk Line Maersk India Port Casina, Mombasa (MAWINGU)

12/05 12/05-AM Maersk Aras 419W 4041650 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)

EAST JAPAN, CHINESE PORTS & AUSTRALIAN PORTS

07/05 07/05-PM Gregos 2408 4041473 Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1) 08/05

10/05 10/05-PM Grace Bridge 2403 4041649 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC) 11/05

13/05 13/05-PM Jeju Island 2403 4051576 Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 14/05 15/05 14/05-PM X-Press Cassiopeia 24019E 4041689 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 16/05 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)

17/05 17/05-AM Inter Sydney 156 —/— Interworld Efficient Marine China (BMM)

20/05 20/05-AM Terataki 2407 4041471 Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (FEX) 19/05 TO LOAD FOR INDIAN SUB CONTINENT

10/05 10/05-PM Grace Bridge 2403 4041649 Global Feeder Sima Marine Karachi (CSC)

12/05 12/05-AM Maersk Aras 419W 4041650 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)

DISCHARGE

08/05 Grace Bridge (V-2403) 4041649 MBK Logistix Nhava Sheva 10/05 UASC Zam Zam (V-418W) 4041662 Maersk India Jebel Ali 10/05 Maersk Cape Town(V-419S) 4041648 Maersk India

AT BERTH

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS)

TS Lines Samsara Shpg 11/05 11/05-PM Cosco New York 132E 2401644 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 12/05 13/05 10/05-PM Ital Unica 175E 2401609 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)

14/05 14/05-AM Ever Elite 166E 2401385 Interasia/GSL Aissa M./Star Shpg Port Kelang,Singapore, Tanjung Pelepas, Xingang, Qingdao, 15/05 Evergreen/KMTCEvergreen/KMTC (FIVE)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

PIPAVAV PORT

10/05-1800 Maersk Atlanta 418W 24146 Maersk Line Maersk India Algeciras

17/05 16/05-1800 Maersk Columbus 419W 24156

11/05 11/05-0500 X-Press Cassiopea 24019E 24158 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 12/05 15/05 15/05-0500 X-Press Phoenix 24020E 24163 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 16/05 Sinokor / Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan

13/05 12/05-21:30 Clemens Schulte 032E 24155 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 14/05 ONE ONE (India) (TIP)

15/05 14/05-1300 Seamax Stratford 129E 24137 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 16/05 16/05 16/05-0900 Xin Da Yang Zhou 093E 24157 Gold Star / RCL Star Shpg/RCL Ag. (CIXA) 17/05 16/05 16/05-0500 One Competence 090E 24160 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 17/05 23/05 23/05-0500 San Diego Bridge 069E HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 24/05 17/05 17/05-2200 Xin Hongkong 070E 24148 COSCO COSCO Shpg. Singapor, Cai Mep,Hongkong, Shanghai,Ningbo,Shekou, Nansha (CI1) 18/05

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

07/05 07/05-0300 Seaspan Jakarta 418E 24152 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX) 08/05 10/05 10/05-1800 Maersk Atlanta 418W 24146 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 11/05 TO LOAD FOR INDIAN SUB CONTINENT PORTS & COASTAL SERVICE

09/05 09/05-0600 SSL Godavari 026 24159 SLSSLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1)

09/05 09/05-1330 SM Manali 0041 24154 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 10/05 Krishnapatanam, Cochin, Mundra. (CCG)

11/05 11/05-0500 X-Press Cassiopea 24019E 24158 Maersk Line Maersk India Colombo. (NWX)

13/05 12/05-21:30 Clemens Schulte 032E 24155 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo. 14/05 ONE ONE (India) (TIP) 14/05 14/05-0600 SCI Chennai 2404 24161 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE)

15/05 14/05-1300 Seamax Stratford 129E 24137 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)

17/05 17/05-2200 Xin Hongkong 070E 24148 COSCO COSCO Shpg. Karachi, Colombo (CI1)

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

DPIIT plans to engage NCAER to conduct survey to assess cargo movement patterns and cost of logistics

NEW DELHI: The Government is likely to initiate a first of its kind survey to arrive at robust and timely estimates for the cost of logistics incurred by businesses, said people familiar with the matter

The Department for Promotion of Industry and Internal Trade (DPIIT) plans to engage the National Council of Applied Economic Research (NCAER) to conduct a primary survey to assess cargo movement patterns and the cost of logistics for each component involved, they said.

Last year, the think tank had estimated India’s logistics costs in 202122 at 7.8-8.9% of the GDP , based on secondary data. “We will do another

exercise along with the NCAER because the previous one was based on secondary data. This time, it will combine f

and original surveys,” said an official, who did not wish to be identified.

A memorandum of understanding is b

e e n t h e department and the council for this, the official said. Capturing origin-destination pair-wise, commodity-wise, geographywise data is critical for accurate estimations The department is also working on improving India’s ranking in the World Bank Logistics Performance Indexfrom38in2023tobelow25

The Government aims to come up with a methodology to address the twin

objectives of timely and robust measurements of logistic costs, and ways to reduce such costs by removing bottlenecks.

The survey will help shed light on logistics cost per tonne per kilometre on each of the routes under consideration and differential in logistics costs across routes, modes, products, types of cargo and service operations.

Origin-destination route surveys of selected products to obtain information on the relevant time and cost of t r a n s p o r t a t i o n a n d s t o r a g e , administrative bottlenecks at customs, warehouses and freight and forwarding agents, and ports are being deliberated, according to people in the know.

YOUR QUERIES - OUR SOLUTION

by Dr. Pramod Sant, A distinguished Industry Expert

Question: We have an export inquiry from one of the European Country. One of the questions is how we are handling compliance under the Wassenaar Agreement.Canyouguideus?

SOLUTION: : Thanks for asking this question, I am not surprised by your question as there is a lack of awareness about Export Controls, and the Wassenaar Agreement is onepartofthesame

First, let us understand what Export Controls is, there are various definitions and oneofthemisasbelow

Export controls are laws and regulations designed to keep certain information, technology, and other sensitive items secure against unauthorized access and to protect national security & economicinterests.

Now let us look at 4 major RegimesinExportControl

The Wassenaar Agreement is one of the Export Control regimes that controls Dual Use items. “The Wassenaar Arrangement (WA) has been established to contribute to regional and international security and stability, by promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies, thus preventing destabilizing accumulations.Theaimisalsotopreventtheacquisitionoftheseitemsbyterrorists." NowyouneedtounderstandWhatisDualUseItemandtheirexamples.

After international background, let us understand Indian scenario India has adopted Dual use items control well b e f o r e s i g n i n g

Wassenaar agreement Dual use controls are covered in SCOMET (Special Chemicals, Organism, Materials, Equipment and Technologies) regulation by India and are part of Foreign Trade policy (FTP), whichcoverslistofcontrolleditemsandLicenserequirement

Action:-

FTP -2023, Chapter 10, SCOMET which will give you Exportpolicy.

SCOMET list - Schedule- 2 of ITC (HS), Classification of Export and Import Items, 2018, Appendix 3 gives list of all items covered in SCOMET list

If items, you wish to export are not covered in SCOMET list you have no problem in exportingsame.

If items are covered in SCOMET List, FTP chapter 10, subpoint 10 08 will give you type of authorizations required and Handbook ofprocedureswillgiveyoudetailsprocedure.

DGFTactivelysupportexportersonclarificationsandnowissuanceofExportLicensetakes30-45days. IhopethisinputhelpsyouandyoucanreplytoCustomer.

Dr. Pramod Sant

Indian Private Ports register double-digit growth in FY24

NEW DELHI: The Ministry of Ports, Shipping and Waterways data showing that, India’s private ports continued to outperform those owned by the Central Government in 2023-24 (Fy24), registering double-digit growth compared to 4.45 per cent growth for Major Ports. At 721 million tonnes (mt), Non-Major Ports saw their cargo increase by 11.18 per cent year-on-year in the previous financial year In contrast, major ports ended FY24 handling 818 mt of goods.

The growth for non-major ports was primarily led by thermal coal, which accounts for 7 per cent of the total volumes of these ports. At 51 mt, t h e r m a l c o a l c a r g o g r e w b y 53 per cent in the previous financial year Iron ore, after a subdued 2022-23, also grew by 44 per cent in FY24. For major ports, growth primarily came through crude oil (5.05 per cent up), thermal coal (up 4.72 per cent), and iron ore (28 per cent).

While private ports under the Gujarat Maritime Board registered a combined growth of 7.9 per cent, the

traffic handled by the Deendayal Port (Kandla) conversely saw a 4.2 per cent contraction in its cargo volumes at 131 mt. This was driven by a nearly 5 per cent contraction in its overseas cargo.

While policy factors such as export bans on non-basmati rice may have played a part, officials believe that the port may well have lost cargo to its private peers as well. Major Private Ports such as the Mundra Port, Pipavav, and Hazira come under the Gujarat Maritime Board.

Adani Ports and Special Economic Zone, which announced its JanuaryMarch and combined FY24 results on Thursday, saw a 24 per cent growth in its cargo volumes and a 28 per cent increase in its revenue. The company, which closed FY24 with 419 mt of cargo, expects volumes to grow to 500 mt in 2025, particularly owing to acquisitions such as the Gopalpur Port. The Centre had announced in the FY24 Budget that it will focus on coastal shipping in public-private partnership mode.

APSEZ reports 12% growth in

A H M E D A B A D : Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 12% year-on-year growth in cargo volumes in April 2024.

The Adani group company in an exchange filing said it handled

The Shipping Ministry spent a large part of last year ironing out policy issues with the finance ministry and identifying projects for viability gap funding. In the interim, private ports have cashed in on the growing potential of coastal shipping. While Coastal Shipping grew by only 1.97 per cent last financial year for Major Ports, private ports saw a 15 per cent r i s e i n t h e i r c o a s t a l c a r g o . In September, this growth was 20 per cent. A Mumbai-based sector expert said that industry and shipping lines are opting for private ports for trade purposes due to better efficiency parameters delivered by the latter.

This is evidenced by the fact that container cargo, which is a proxy for the trade of finished goods, grew by 6.6 per cent for major ports, while it grew by 17.4 per cent for non-major ports. Several acquisitions in the private port space and redevelopment of state-government ports with private parties may widen this gap in growth going forward, as the new ports will unlock further capacity.

cargo volumes in April

36.2 MMT of total cargo in April 2024, which is a good 12% YoY growth.

While most domestic ports reported growth in cargo volume in April, Dhamra Port posted the highest monthly cargo volume of 4.38 MMT, APSEZ said. Acrosscategories,drycargovolume

rose by 7% year-over-year, liquid and gas by 29% and container volume by 14% over the year-ago period

The logistics segment also reported growth with rail volumes rising by 5% YoY to 49,430 TEUs and GPWIS volumes increasing by 26% to 1.8 MMT.

Adani Group eyeing Port in Philippines

MUMBAI: Adani Ports and Special Economic Zone Limited is planning to invest in the Philippines,

A P S E Z M a n a g i n g Director Karan Adani told Philippines President Ferdinand R. Marcos Jr in a courtesycallinMalacañangonMay2.

As per a press release issued by the country's Presidential office, APSEZ Ltd. is looking at Bataan for its port

development plan. The company plans to develop a 25-meter-deep port that can accommodate Panamax vessels.

"President Marcos welcomed APSEZ expansion plans in the Philippines, suggesting it may focus on ports handling agricultural products to enable the Philippines to eventually compete globally," the release added.

APSEZ is the largest port developer and operator in India with seven

strategically located ports and terminals on the west coast (Mundra, Tuna, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and eight ports and terminals on the East coast of India (Haldia in West Bengal, Dhamra and Gopalpur in O d i s h a , G a n g a v a r a m a n d Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and KaraikalinPuducherry)

Breakwater construction at Vizhinjam Seaport over;

Trial run of cargo moving in June

T H I R U V A N A N T H P U R A M : C o n

o n g breakwater, said to be the most important one, at the Vizhinjam International Seaport has been completed. With this, the trial run of the loading and unloading of cargo through containers brought in the barges will commence by June second week, following which the commissioning of the port will be done as an Onam gift to Kerala, announced Ports Minister Shri V N Vasavan here.

Shri Vasavan was here to see the newly constructed breakwaters and

related works done at the port.

Visiting the automatic crane control unit, he said the port will be an invaluable gift to the whole country The loading and unloading of the goods at the port will be done on an experimental basis A trial run of the cargo moving will be done from ships to land and vice versa initially, the minister said, adding that the port company has readied all the technical supportandexpertsforthesame

A total of 32 cranes are required for the cargo moving at the port. As many as 27 cranes have been imported from China till last week. A number of 21 yard

cranes as well as six ship to shore cranes have been brought in phases. The remaining two ship to shore cranes and three yard cranes will be brought before May 25. Shri Vasavan also said that construction of 300 metres more of the road connecting the port with the bypass has also to be completed.

Minister Shri Saji Cheriyan, Vizhinjam International Seaport Ltd.

MD Ms.Divya S. Iyer, Port Company CEO Pradeep Jayaraman and Adani Corporate Affairs Head Anil Balakrishnan were also present with the Minister

APSEZ FY24 net prot jumps 50%

Delivers 3x the India cargo growth rate and a record volume of 420 MMT

AHMEDABAD: Adani Ports and Special Economic Zone Ltd (“APSEZ”) announced its results for the quarter and twelve months ending 31 March, 2024

“FY24 has been a year of many new milestones for APSEZ on both operational and financial metrics APSEZ outperformed its upper end of guidance provided at the beginning of the financial year on cargo, revenue, and EBITDA by 6%-8%, while closing the year with net debt to EBITDA ratio of 2.3x vs its guidance of 2.5x. Clearly, the company’s business model of end-to-end service, strategic partnership with key customers, leveraging the network effect through its string of ports, and focus on operational efficiencies is yielding results, said Mr. Ashwani Gupta, Whole-Time Director & CEO, APSEZ.

With incremental cargo volumes of 100 MMT achieved in less than two years, APSEZ is well poised to achieve 500 MMT of cargo volumes in 2025, aided by recently acquired Gopalpur Port, and the scheduled commissioning of Vizhinjam Port in the current year and WCT next year We continue to invest heavily in the business to drive growth, particularly in the logistics segment. Our newly launched trucking segment enables APSEZ to provide the last-mile connectivity solution to its customers. Our efforts towards sustainable business growth are well recognized in the top decile ESG rating from four global rating agencies.” added Mr Gupta.

Operational Highlights

• In FY24, APSEZ handled ~27% of the country’s total cargo and ~44% of container cargo

• APSEZ domestic cargo volumes grew by 21% Y-o-Y vs 7.5% growth in India’s cargo volumes in FY24

• Even after excluding the two newly added ports (Haifa – Jan’23 & Karaikal – Mar’23), APSEZ recorded a 18% Y-o-Y growth in cargo volumes

• With cargo volumes of 180 MMT (+16% Y-o-Y) in FY24, our flagship port, Mundra, is well placed to cross 200 MMT mark in FY25

• Mundra Port handled 7.4 Mn TEUs during the year, which is 15% higher than its nearest competitor

• Ten of our ports from the India portfolio recorded their lifetime high cargo volumes for the year

• AICTPL (CT-3) terminal in Mundra delivered the highest ever annual container cargo volumes at any terminal in India

• Mundra Port berthed one of the largest container ships ever – MV MSC Hamburg (399 m long x 54 m wide) –with capacity of 15,908 TEUs

• Recorded its highest ever quarterly volumes at ~109 MMT in Q4 FY24

• Highest-ever container rail (+19%) and bulk (+40%) volumes in FY24

Financial Highlights:

• Revenue growth of 28% Y-o-Y to Rs 26,711 Cr in FY24, supported by 30% jump in ports business revenue and 19% in logistics business

• EBITDA (excl. forex) jumps 24% Y-o-Y to Rs 15,864 Cr, with Rs 15,246 Cr contributed by ports business and Rs 540 Cr by logistics business

• Domestic port EBITDA margin expanded by ~150 bps with better sweating of assets (capacity utilization of 67% in FY24 vs 56% in Fy23)

• Record PAT of Rs 8,104 Cr (+50% Y-o-Y), despite a write off of Rs 455 Cr resulting from the switch to the new tax regime for one of its subsidiaries

• Completed loan pre-payments/repayments of Rs 5,584 Cr, exceeding the initial guidance of Rs 5,000 Cr provided at the start of the year

• Net debt to EBITDA improves to 2.3x from 3.1x in FY23, despite a capex of Rs 7,416 Cr

• For FY24, the APSEZ Board has recommended a dividend of Rs 6 per share, in line with our capital allocation policy. This implies a payout of around Rs 1,300 Cr for the company

• CARE Ratings assigned ‘AAA’ (the highest possible credit rating in India) to APSEZ, making company the first private corporate infrastructure developer to be rated AAA

• S&P and ICRA upgraded company outlook from ‘negative’ to ‘stable’ during the year

Business Highlights:

• With acquisition of Gopalpur and Karaikal ports, the total count of ports in the India portfolio increases to 15

• Entered into strategic partnership with MSC by forming a JV for Ennore Container Terminal

• Colombo terminal received financing commitment of USD 553 Mn from DFC

• With our Marine services business segment winning contracts in Sri Lanka, Mexico and Oman, the total count of tugs now stands at 111

• ALL added 34 rakes during the year, taking the total count to 127 rakes

• Total count of logistics park reached 12 with addition of 3 MMLPs (Virochannagar, Loni, Valvada)

• Total agri silo capacity increased to 1.2 MMT with addition of 2 agri silos (Samastipur and Darbhanga)

• With commissioning of warehouses in Mumbai and Indore, the total warehousing capacity now stands at 2.4 Mn Sq. Ft.

• Launched trucking business segment during the year with 900 trucks to provide last mile connectivity to the customers from ports/ICDs/customer premises

Guidance for FY2025:

• Cargo volumes during the period to be 460-480 MMT

• Revenue for the period to be Rs 29,000-31,000 Cr

• EBIDTA for the period to be Rs 17,000-18,000 Cr

• Net Debt to EBITDA to be 2.2-2.5x

• Capex for the period to be in the range of Rs 10,500-11,500 Cr

ESG Targets and Performance

• S&P ranked APSEZ in the top 96 percentile of the 334 companies in the Transportation & Transportation Infrastructure sector

• Sustainalytics ranked APSEZ in the top 6 percentile of the ~15,000 companies rated on ESG

• APSEZ entered into the leadership band of CDP Climate Change

• TCFD ranked APSEZ 1st in the sub industry disclosures of marine ports

• APSEZ received the 1st ranking in the sector globally across emerging markets on ESG Assessment by Moody’s. Also, receives the ‘Advanced’ status in Moody’s Energy Transition Rating.

• APSEZ is targeting Net Zero by 2040. During FY24 the company announced adding 1,000 MW of new renewable capacity

Awards and Accolades

Adani Logistics clinched the LEAPS 2023 award in recognition of the excellence & innovation in the ‘Multimodal Transport Operators Category’ by Ministry of Commerce and Industry.

APSEZ secures AAA Rating – India’s 1st Private Infrastructure Developer with AAA

• APSEZ has been assigned ‘AAA’ (the highest possible credit rang in India) by CARE Rangs

• APSEZ is the first private corporate infrastructure developer to be rated AAA.

• The rang is largely driven by APSEZ’s robust integrated business model, strong industry posion, consistent market share growth with healthy profitability, coupled with high liquidity and low leverage

A H M E D A B A D : Adani Ports and Special E c o n o m i c Z o n e ( A P S E Z ) , p r o u d l y announces revision of its credit rating to AAA by CARE Ratings. The top most rating signifies highest level of credit worthiness and the ability to fulfill all its financial guidance

With this development, APSEZ has become the first large sized private infrastructure developer to get this recognition The rating is driven by APSEZ’s robust integrated business model, dominant industry position, strong growth in operations

with healthy profitability, coupled with high liquidity and low leverage.

APSEZ’s successful track record of turning around port assets postacquisition and its integrated approach as a transport utility providing services from port gate to customer gate has led to 15% compounded annual growth in volumes for FY19-FY24 as compared to 4% CAGR for all Indian ports In FY24, APSEZ did a cargo volume of 419 95 MMT, 24% higher than the previous year.

Mr. Karan Adani, Managing Director, APSEZ said, “We cherish the recognition to our financial discipline and commitment to deleveraging, diversified asset base as well as customer base and the highest profitability in this sector globally.”.

Landmark CFS (P) Ltd organize Free TB diagnosis by X-Ray camp

Landmark CFS organize Free TB diagnosis by X-Ray camp

MUNDRA: Landmark CFS (P) Ltd has organized the Free TB diagnosis camp by X-ray with the support of Taluka Health Officer Mundra under the Guidance of Dr Vishhal Bisen (Managing Director) & Medical Ofcer of Dr. Mehul Baldania (Govt. Medical Ofcer).

Under the C-19 project Free TB diagnosis by X-ray camp organized at Landmark CFS, Mundra. In which a total of 63 workers and stakeholders have taken advantage through chest X-ray Apart from this, diabetes and blood pressure also were checked. Also 34 workers were given TT injections.

In this camp, Dr. Hasan Ali Agaria, Khushbu Asari, Anita Parmar, Jignesh Panchal, Mr. Nikul Parmar, served and Mr. Sudhesh Bola, Mr. Tarkeshwar Kumar and Mr. Kishan Jobanputra of Landmark CFS worked hard to make the entire camp a success.

Rotary Club of Mundra Corporate and Marwari Yuva Manch –Mundra Port Branch also had special support and presence in this camp.

This initiative underscores commitment to ensuring the well-being of everyone associated with the organization.

Freight Bridge Logistics stuffed First LCL Container from CONCOR, ICD Ankleshwar

Cont’d from Pg. 4

Freight Bridge Logistics Pvt. Ltd. is one of the leading LCL consolidator in Indian market having their presence at all the main gateway ports of India. FBL offers 50 direct services outbound and 38 direct services inbound Management of FBL have appreciated the support

and cooperation received from Shri Venkatesh Rajulu, Terminal Manager, CONCOR,ICD-Ankleshwar and their staff for starting their LCL consolidation services from ICD Ankleshwar

Management of FBL also thanked the trade for all their Co-opetaion and support.

CMA CGM to strengthen and reshuffle its Africa lines - India Middle East Gulf services

MUMBAI: In a continued effort to provide a reliable and best quality of service, CMA CGM is pleased to announce the revamping of our India Middle East Gulf to and from South Africa, East Africa and Indian Ocean services.

• MIDAS 1: Coega will be added to the rotation offering an optimized pathway for your shipments through competitve transit times to Jebel Ali and India. The service will be tailored to enhance efficiency and meet the demand of the citrus season export.

• MIDAS 2: Durban will be the unique port of call in South Africa and Pointe des Galets will be t r a n s f e r r e d t o o u r n e w K A R I B U s e r v i c e . Port Elizabeth will be offered on a weekly basis via Durban through dedicated feeder solution with faster transit times.

• HAX service will be replaced by KARIBU, a weekly service fully operated by CMA CGM. Using our best class product, you will experience competitive transit times and easily connect Indian Ocean using our Pointe des Galets hub.

• NOURA service will provide faster transit times to its dedicated Mozambique, Somalia and Seychelles markets.

Updated Rotations details:

MIDAS 1 will now be operated in 70 days with 10 vessels up to 5,700 TEU Nominal, starting with m/v CMA CGM KRIBI, ETA Coega on May 5th, 2024.

The new rotation is as follows: Jebel Ali - MundraNhava Sheva - Pointe Noire - Tema - ApapaCapetown - Coega - Jebel Ali.

MIDAS 2 will still be operated in 49 days with 7 vessels up to 2,800 TEU Nominal, starting with m/v CMA CGM VALPARAISO, ETA Jebel Ali on April 22nd, 2024 and ETA Durban on May 14th, 2024

The rotation is as follows: Jebel Ali - MundraNhava Sheva - Durban - Jebel Ali.

KARIBU will be operated in 42 days with 6 vessels up to 1,700 TEU Nominal, starting with m/v CMA CGM KAILAS, ETA Jebel Ali on May 12nd, 2024

The rotation is as follows: Jebel Ali - MombasaLongoni - Pointe des Galets - MombasaMogadishu - Jebel Ali.

NOURA will be operated in 35 days with 5 vessels up to 1,700 TEU Nominal, starting with m/v CMA CGM GULF EXPRESS, ETA Jebel Ali on May 14th, 2024

The rotation is as follows: Jebel Ali - MogadishuMombasa - Beira - Nacala - Port Victoria - Jebel Ali.