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Yes, this year Daily Shipping Times is organising the 10th Edition of Gujarat Star Awards in the Maritime State of Gujarat – recognizing Top Achievers and Companies having performed their best in the State forthelastfinancialyear.
th This 10 GrandGalaEditionofGujaratStarAwards will glitter on Friday 20th January 2023 at Hotel Radisson – Kandla amidst the presence of who’s who from the Maritime and Logistics fraternity 5.00PMonwards.
Cont’d. Pg. 6
Currently Samir J. Shah is Advisor to FFFAI; Hon General Secretary of ACAAI and Partner of JBS Group
AHMEDABAD: The JBS Group takes great pride in informing that its Partner Mr. SamirJ. Shah has been elected as the Vice - Chairman of the Customs Affairs Institute –FIATA International Federation of Freight Forwarders Associations Cont’d. Pg. 6
..Refer Pg. 6
Mr. Samir J. Shah
Cont’d. from Pg. 4
Winning an Award at PrestigiousGujaratStarAwards not only enhances the Brand Value in the industry but also define the Awardee as being one ofthemostconsistentandstellarperformerinthesector.
The event will be attended by Top and Senior Most Bureaucrats from the Customs & Ports apart from leading Shipping Companies, Freight Forwarders, CHAs, Transporters, Members of Leading Commercial
and Maritime Associations under one roof gracing the TopachieversoftheMaritimeTrade.
This time, Gujarat Star Awards will be a more Special, as Daily Shipping Times will be felicitating the Top Achievers who have performed consistently overlast9years.
th
This year Gujarat Star Awards 10 Edition isamustattendevent.
The Awards ceremony comprising Gala Entertainment will conclude with Networking OpportunitiesandDinner.
Cont’d. from Pg. 4
FIATA – Is an International Body of Freight Forwarders founded in 1926 with a membership from more than 150 countries headquartered in Geneva-Switzerland.
The Customs Affairs Institute works towards
NEWDELHI:IndiawilllaunchtheNationalLogistics
Portal – Marine from December 5 seeking to act as a Centralsystemforelectronicsharingandexchangewith interoperability across ocean, inland waterways, and coastalmovementofgoods.
Thenationalsinglewindowplatformwillbethefirstof its kind to provide B2B (Business to Business) and B2G (Business to Government) services for marine trade stakeholders. The platform seeks to help exporters, importers, and service providers exchange documents seamlessly and transact business in a transparent and quickmanner.
The Government has hired Portall Infosystems Pvt Ltd, a unit of Mumbai-based logistics conglomerate J M Baxi Group, to build and run the NationalLogisticsPortal–Marine.
Portal Infosystems has partnered with Germany’s dbh Consulting GmbH and Inspirisys Solutions Ltd to build the platform. Inspirisys Solutions is a unit of Japan’sCACHoldingsCorporation.
“It’s a big initiative by the Government; a massive step forward for India’s logistics and trade community,” anofficialsaid.
“With the shift to NLP-Marine, the existing Port Community System (PCS 1x) platform will be shut down and will no longer be available from 2 December, 2200 hours,” an official circular said. The PCS functionality willnowbeapartoftheNLP-Marineplatform.
Ease of doing business The NLP-Marine has been developed to facilitate ease of doing business and make India one of the most cost effective and competitive countries in international trade, promote transparency in accessing information across the supply chain for all stakeholders, remove bottlenecks, empower end users with real-time decision-making tools, give access to
leveraging a partnership between global Customs authorities and Forwarders in protecting trade and industry from Customs related fraud and security threatstoimproveproductivityandrevenue.Itobserves, examines and influences all Customs security policies and works with WCO; WTO; UNECE; UNCTAD; ICC; IRUandotherrelevantbodiestopromoteandencourage closercoordinationwithCustomsauthorities.
latest technology to all stakeholders, thereby increasingcompetition,accordingtotheprojectscope.
The national single window logistics platform has been designed to perform all core activities of the importer, exporter and Customs broker such as domestic tracking of the shipment with notifications at eachstage,undertakeCustomsclearanceontheirown, online transaction with custodians, remote electronic data interchange (EDI) system package – for Bill of Entry and Shipping Bill checklist plus EDI file generation and document management system to store alltheimportantdocumentssecurelyoncloudstorage.
It will facilitate real time information of the activities whicharegenerallynotinreachoftheimporter,exporter, Customs broker including vessel related information, terminal gate, and container freight station (CFS) gate transactions.Itwillalsoenabledigitaltransactionsforall the payments which are required for the clearance process of import and export like CFS charges, shipping linecharges,transportationchargesetc.
Many supply chain disruptions and logistical logjams can be eased through trade facilitation, especially in the developing and least developed countries, and particularly by digitalization which enhances transparency, speeds up clearance, allows for risk management and pre-arrival processing, and enables moreresponsiveandagileprocesses,theUnitedNations Conference on Trade and Development (UNCTAD) wroteinits‘ReviewofMaritimeTransport2022’.
Maritime transport and trade, it said, will need to adjust and adapt to technology, and an important part of thisistodefendinformationandcommunicationsystems and infrastructure against ever present threats to cybersecurity.
CJ-I MV My Lama Interocean 07/12
CJ-II MV True Confidence Seascape 08/12
CJ-III MV SSI Diligent Chowgule Bros. 09/12
CJ-IV MV Appaloosa Interocean 08/12
CJ-V MV Sentosa Aries Marine 07/12
CJ-VI MV Khadeejah Jahan II Ambica 09/12
CJ-VII MV Kennadi
CJ-VIII MV Belinda Ambica 09/12
CJ-IX VACANT
CJ-X MV Armonia J M Baxi 07/12
CJ-XI MV TCI Anand TCI Seaways 07/12
CJ-XII VACANT
CJ-XIII MV Big Glory Chowgule Bros. 10/12
CJ-XIV MV Theotokos BS Shpg. 07/12
CJ-XV MV Sea Prajna Benline 15/12
CJ-XVA MV African Petral Synergy Seaport 15/12
CJ-XVI MV Fan Zhou 6 Mystic Shpg. 09/12
Tuna Tekra Steamer's Name Agent's Name ETD
MV Samjohn Solidarity Dariya Shpg. 08/12
Oil Jetty Steamer's Name Agent's Name ETD
OJ-I MT Berlian Ekuator Nationwide 07/12
OJ-II MT Brave Interocean 07/12
OJ-III MT Corona
OJ-IV MT SC Tauras Wilhelmsen 07/12
OJ-V MT Stolt Cedar J M Baxi 07/12
OJ-VI MT Jag Pankhi J M Baxi 07/12
Stream
CJ-IV
Stream MV Appolo Bulker Samsara Mundra 11,000 T. SBM 2022111319
Stream MV Bao Shun Ashirvad Shpg. 22,500 T. Bags 2022111238
CJ-XIII MV Big Glory Chowgule Bros. 59,850 T. Salt 2022111366
Stream MV Chakravati Chowgule Bros. Cotonou 50,000 T. Rice Bags 2022111169
Stream MV Dawai BS Shpg. Chennai 10,000 T. Silica Sand In Bulk 2022101335
Stream MV Elisar Ocean Harmony Durban 31,750 T. Sugar Bags 2022111243
Stream MV Flag Gangos Seacoast 32,000 T. Bagged Rice
Stream MV Jupiter DBC Port Sudan 23,000 T. Sugar Bags
Stream MV Kosman Arnav Shpg. West Africa 24,500 T. Rice In Bags 2022111274
Stream MV Lady Moon DBC Somalia 24,900 T. Sugar Bags
CJ-I MV My Lama Interocean Sudan 25,000 T. Sugar Bags 2022111127
Stream MV Obe Heart Interocean 25,000 T. Sugar Bags 2022111247
Stream MV Obe Queen Ocean Harmony 40,100 T. Sugar In Bags
08/12 MV Pac Adhil Tristar Shpg 2,500/1,500 T.M.Chloride/Sulphate & 18 2022111285
Stream MV Pegasus 01 DBC Somalia 8,000 T. Sugar Bags 2022111256
Stream MV Propel Progress DBC 25,000 T. Sugar Bags
Stream MV PVT Sapphire Cross Trade 55,000 T. Salt 2022111248
Stream MV Sai Sunshine Sai Shpg. 15,000 T. Rice In Bags
CJ-V MV Sentosa Aries Marine 22,500 T. Stone Boulders In Bulk 2022111396
Stream MV Stentor Interocean 27,450 T. Sugar In Bags 2022111187
CJ-III MV SSI Diligent Chowgule Bros. 60,500 T. Salt CJ-XIV MV Theotokos BS Shpg. Madgasakar 28,000 T. Rice Bags 2022111268
2022111123 Stream MV Iki
2,339 T. Steel Stream MV Ise DBC Japan 1,816/1,511/146 T. CRC/Bars/ S Pipes
Stream MV Jimmy T Tauras 14,388 T. MOP 2022111004
CJ-VI MV Khadeejah Jahan II Ambica Indonesia 53,800 T. IND Coal
Stream MV Minoan Grace Seascape Indonesia 16,500 T. IND Coal Stream MV Mirabella Genesis 27,000/12,400 T. Metcoke/GYPSUM
Stream MV Navigare Boreas Benline 59,100 t. Petcoke In Bulk
Stream MV Obe Grande Tauras 42,000 T. DAP Stream MV Owl Interocean 50,903 T. Urea Tuna MV Samjohn Solidarity Dariya Shpg. 1,26,713 T. Coal
CJ-XV MV Sea Prajna Benline Chittagong 21,057/10,442 T. HMS/Sh Scrap 2022111263 07/12 MV Tian He J M Baxi China 5,926/1,244/238HRC/Plates/Wooden 06/12 MV True Courage Tauras 1,28,470 T. Coal CJ-II MV True Confidence Seascape 27,079 T. Met Coke 2022111125 Stream MV Ultra Wollongong Interocean 47,250 T. Urea In Bulk
Stream MT Aquarius Wilhelmsen Russia 17,655 T. CDSBO Stream LPG Bastogne
09/12 09/12-AM
16/12 16/12-AM
Algeciras
249W 22392 (MECL) 16/12
LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC
06/12 03/12-AM OOCL New York 090E 22393 APL/OOCL DBC & Sons/OOCL(I) Port Kelang, Singapore, Hong Kong, Xingang, Dalian, Qingdao, 06/12 14/12 14/12-AM OOCL Hamburg 139E 22399 Gold Star Star Shipping Busan (Ex. Pusan), San Pedro, Kwangyang, Chiwan. (CIXA) 14/12 08/12 08/12-AM MOL Creation 086E 22385 ONE ONE (India) West Port Kelang, Singapore, Leam Chabang, Busan, Sanshan, 08/12 Ningbo, Sekou, Cai Mep. (PS3) 10/12 10/12-AM Seamax Westport 083 22391 COSCO COSCO Shpg. Singapor,Cai Mep,Hongkong,Shanghai,Ningbo,Schekou,Nansha (CI1) 10/12 11/12 11/12-AM BSG Bimini 249E 22387 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 11/12 18/12 18/12-AM SOFIA I 250E 22394 Ningbo, Tanjung Pelepas. (FM3) 18/12 12/12 12/12-AM X-Press Bardsey 22020E 22398 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 12/12 ONE ONE (India) (TIP)
06/12 06/12-AM SCI Chennai 540 22386 SCI J. M Baxi Jebel Ali. (SMILE) 06/12 09/12 09/12-AM SSL Bharat 121 22397 SLS SLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 09/12 09/12 09/12-AM Maersk Detroit 248W 22381 Maersk Line Maersk India Salalah, Jebel Ali, Port Qasim. 09/12 16/12 16/12-AM Maersk Sentosa 249W 22392 (MECL) 16/12
TBA X-Press Feeders Merchant Shpg. Jebel Ali, Sohar (NMG)
TBA SLS SLS Mangalore, Kandla, Cochin.(WCC)
06/12 03/12-AM OOCL New York 090E 22393 OOCL/APL OOCL(I)/DBC Sons Colombo. (CIXA) 06/12 10/12 10/12-AM Seamax Westport 083 22391 COSCO COSCO Shpg. Karachi, Colombo (CI1) 10/12 11/12 11/12-AM IRENES RAY 249S 22388 Maersk Line Maersk India Colombo, Bin Qasim, Karachi (JADE) 11/12 11/12 11/12-AM BSG Bimini 249E 22387 SCI J. M Baxi Colombo. (FM3) 11/12 12/12 12/12-AM X-Press Bardsey 22020E 22398 X-Press Feeders Merchant Shpg. Karachi, Muhammad Bin Qasim. 12/12 ONE ONE (India) (TIP)
08/12 08/12-AM MOL Creation 086E 22385 ONE ONE (India) Los Angeles, Oakland. (PS3) 08/12 09/12 09/12-AM Maersk Detroit 248W 22381 Maersk Line Maersk Line India Newark, North Charleston, Savannah, Huston, Norfolk. 09/12 16/12 16/12-AM Maersk Sentosa 249W 22392 Safmarine Maersk Line India (MECL) 16/12 12/12 12/12-AM X-press Bardsey 22020E 22398 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 12/12 ONE ONE (India) Norforlk, Charleston, Halifax. (TIP)
The above vessel has arrived on 04-12-2022 at MUNDRA PORT with Import cargo from NEW YORK. Please note the item Nos. against the B/L Nos. for MUNDRA delivery
Item No. B/L No. Item No. B/L No.
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 :
KARAIKAL: Adani Ports & SEZ Limited (APSEZ) has won the bid for Karaikal Port with a Rs. 1,200-crore offerthatsurpassedtheonefromrival Vedanta, said people aware of the development.
Bidding for the port was conducted under the Insolvency and Bankruptcy Code (IBC) guidelines. ThelenderstoKaraikalPortmetlast week to approve APSEZ’s offer, which will now be taken to the National Company Law Tribunal (NCLT) for the final approval, said thepeople.
The 600-acre port, built under a public-private partnership between the government of Puducherry and Chennai-based MARG Limited, faced
financial constraints which resulted in the outstanding debt ballooning to Rs. 3,000 crore due to defaults and delaysinrepayments.
The Adani Group, which has been scaling up its ports business, sees the southern port located in Pondicherry as a natural fit. Vedanta pursued the bid process because it moves significantquantitiesofrawmaterials and finished goods for its metals and miningbusinesses.
APSEZisthelargestportoperator in India and owns 12 ports including Mundra Port, the largest private port in the country. The company recently acquiredGangavaramPortinAndhra Pradesh for Rs. 6,200 crore. The acquisitionofKaraikalPortwillbethe firstsuchacquisitionundertheIBC.
The port received initial bids from
five applicants – JSW Infra, Jindal Power, APSEZ, Vedanta and a consortium of RKG Fund and Sagacious Capital. APSEZ and Vedanta eventually submitted binding financial bids whereas the othersdidnot.
The NCLT admitted Karaikal Port for insolvency proceedings on April 29 and appointed Rajesh Sheth as the resolution professional to run the company till its debt resolution is finalised.
A group of 11 lenders, all of which are public sector banks or financial institutions,hadoriginallysanctioned a loan of Rs 1,362 crore to Karaikal Port.Theloanballoonedtoitscurrent size as interest and penalties were added following irregular repayments.
NEW DELHI: Russia is amongst thetopfourexportersoffinishedsteel to India registering an over 333 per cent rise for the April–October FY23 to 0.15 million tonnes (mt), as per a report by the Steel Ministry. Imports fromthecountryinthecorresponding periodlastfiscalwere0.034mt.
Discountedofferings,distresssale by mills there and lower price compared to offerings within India andfromotherimportingnationssaw imports rise. Trade sources said this is among the highest imports than have come into the country over the lastfewyears.
India’s steel imports for AprilOctober rose 14.5 per cent to 3.1 mt, with India turning net importer of steel for October – the second time this fiscal, after July. Imports were valued at Rs. 35,711 crore ($4518 million).
Russia accounts for just 5 per cent of the imports by India, as per the
Ministry data. Around 0.96 mt of hot rolled coils / strips and 0.44 mt of flat sheers were the major items that camein.
According to a senior official of JSWSteel,priceoffershavestabilised and imports are expected to even out thisquarter.“Wedon’tseetoomuchof imports coming in since the viability of the international market and supply at low prices is very limited,” theofficialsaid.
Volume-wise, HR Coil/Strip (1.015 mt) was the item most imported (32 percentshareintotalfinishedsteel). Otherexportingcountries
Korea was the largest exporter to India in volume terms accounting for 41percentoftheimportshare.Nearly 1.3 mt of finished steel came in and roseby10percentYoY.
OthermajornationsincludeChina (0.75 mt) accounting for 24 per cent of the share; Japan (0.38 mt) at 12 per cent; and Indonesia (0.13 mt) or 4 per
cent of the share. Exports from China rose 53 per cent Y-o-Y and from Indonesia was by 17 per cent, respectively. Shipments from Japan dropped10percentodd.
“Octoberhasbeenoneoftheworst months in terms of export orders. There were practically not many because of high price and poor demand. Accordingly, exports dropped55percentduringthemonth. Ontheotherhand,importsroseinthe downstream segment that include coated offerings,” official of an Indian steel company said. India did away with its export duty on steel and steel makingproductsearlierinNovember.
In terms of port-wise break-up, most of the imports came in from the Mumbai sea at 1mt (up 22 per cent YoY), followed by Chennai sea at 0.7 mt (up 32 per cent) and Mundra at 0.6 mt (up 22 per cent). Shipments through Deendayal dropped by 35 per cent,theMinistrydatashow.
NEW DELHI: On mission mode, Indian Railways' Freight loading for firsteightmonthsofthisfinancialyear 2022-23crossedlastyear’sloadingand earningsforthesameperiod.
On cumulative basis from April –Nov. 22, freight loading of 978.72 MT was achieved against last year loading of 903.16 MT during the same period, an improvement of 8%. Railways have earned Rs 105905 crore against Rs 91127 crore over last year which is an improvement of 16%
ascomparedtothesameperiodoflast year.
DuringthemonthofNovember22, Originating freight loading of 123.9 MT has been achieved against loading of 116.96 MT in Nov. 21, which is an improvement of 5 % over last year. Freight revenue of Rs. 13560 crore have been achieved against Rs 12206 crore freight earnings in October 21, thereby showing an improvementof11%overlastyear.
Following the Mantra, “Hungry
For Cargo”, IR has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices which has resulted in new traffic coming to railways from both conventional and non-conventional commodity streams. The customer centric approach and work of Business Development Units, backed up by agile policy, making helped Railways towards this landmark achievement.
NEW DELHI: The Government is looking at giving a major push to shipping and port infrastructure through planned upgrades at an estimated cost of around $25 billion, accordingtoareport.
These planned upgrades to the sector will be prioritized for completion under the PM Gatishakti National Master Plan. The ports at Paradip, Visakhapatnam, and Kolkata are prioritized with the most projects.
The PM Gatishakti National MasterPlanlaysthefoundationofthe overall infrastructure in the country and provides an integrated and holisticpathtotheeconomy.Itaimsto
provide systematic multimodal connectivity to various economic zones for the seamless movement of people, goods, and services across India.
The Centre has set up the Empowered Group of Secretaries (EGoS) to monitor the implementation of the Gatishakti National Master Plan. This Group includes Secretaries of 20 Infrastructure and Economic User Ministries and is headed by the CabinetSecretary.
There are 102 critical projects underGatishaktiworth$7.67billionto be completed by 2024. Out of 102criticalprojects,Maharashtrahas
31 projects, Karnataka 17 projects, Gujarat 16 projects, Andhra Pradesh 14 projects, Tamil Nadu/W Bengal 7 projects and Kerala/Odisha 5projects.
According to Minister of Ports, Shipping, and Waterways Shri Sarbananda Sonowal, the government has identified a pipeline 81 public private partnership (PPP) projects worth $5.18 billion to develop berths and terminals across major portsby2024-25.
Further, new road alignments, upgradation of existing roads, and new rail projects to manage freight traffic are also being identified by the ShippingMinistry.
NEW DELHI: The world, includingIndia’spartnersintheIndoPacific QUAD, including the United States, Japan and Australia are closely monitoring New Delhi’s move asitstartsgettingimportordersfrom Russia. Sources said India’s exports to Russia, notwithstanding the sanctions, will rise in the coming months as the two countries inch closer to kick off the rupee ruble paymentmechanism.
According to a Reuters report, Moscow is already looking to purchase at least 500 different productswhichincludepartsforcars, aircraft and trains from India, which has discounted purchasing oil from Russia.
Russian energy major Gazprom has already opened a special rupee account with public sector UCO Bank to ease transactions in the Indian currency. India has been purchasing Russian oil at a discounted rate but once the mechanism kicks off, Moscow’s imports from New Delhi willincrease.
External Affairs Minister S Jaishankar who visited Moscow last month to attend a meeting of the bilateral Inter-Governmental Commission on Trade, Economic Scientific, Technological and Cultural Cooperation (IRIGC-TEC),
underlined the need to boost exports toRussia.
Ajay Sahai, director general and CEO, Federation of Indian Export Organisations (FIEO) said that Indian exporters have started getting “enquiries” but for these to materialise into trade pacts, the payments framework has to be in place.
“Indian exporters are still unsure about the sanctions. There are several Russian entities which are under sanctions, so our exporters are doing their due diligence before signing up,” Sahai said, adding that eventually Russian imports would havetoincreaseoncetherupee-ruble paymentsystemstarts.
A report published by the Observer Research Foundation (ORF) highlighted that “New Delhi will have to continue to navigate its partnerships at a time when trust between Russia and the West has plummeted to its nadir.” “When Prime Minister Narendra Modi publicly told Russian President Vladimir Putin that now was ‘not a time for war’ on the sidelines of the Shanghai Cooperation Organization’s summit in September, it was widely reported across the world and was quoted by many western leaders to underscore the pressure the world
wasunderduetotheconflict.
The Russian government on its official website has emphasised that enhancing trade and economic cooperation between New Delhi and Moscowwillremain“akeypriorityfor the political leadership of both the countries”.
While the two countries had set a target of increasing bilateral investment to $50 billion and bilateral trade to $30 billion by 2025, sources said that these would be achieved muchearlier.
Meanwhile, Russia Briefing noted that the Eurasian Economic Union (EAEU)comprisingRussia,Armenia, Belarus, Kazakhstan and Kyrgyzstan is also exploring the possibility of carving out a common payment system with the BRICS block. Brazil, Russia, India, China and South Africa aremembersofthis“informal”block.
The EAEU’s regulatory body envisages the issuance of a single payment card within the two trade blocs. That would unite the national payment systems of its member states,includingRussia’sMir,China’s UnionPay,India’sRuPay,Brasil’sElo andothers,itsaid.
Amid shifting geopolitics, the importanceofBRICSisrisingdespite severe issues relating to the tension betweenIndiaandChina.
MUMBAI: The Reserve Bank of India’s (RBI’s) foreign exchange reserves rose by $2.9 billion to $550.14 billion in the week ended November 25, thelatestCentralBankdatashowed.
The data marks the third
consecutive week in which the RBI’s reserveshaveincreased.
The rise in reserves last week was on accountofanincreaseintheRBI’sforeign currency assets, which jumped $3 billion to $487.29 billion, the data showed.
Reserves worth $530 billion were equivalent to 8.6 months of imports projected for the current year, the RBI had said earlier this month. The level of reserves in September 2021 accounted foralmost15monthsofimports.
NEWDELHI:TheNationalSingle Window System (NSWS) currently accepts applications for 248 G2B clearness from 26 Central Ministries/ Departments, in addition to different State/UT Level clearances in 16 States/UTs.
The portal is rapidly gaining traction amongst the investors community and as of date has about 3.7 lakh plus unique visitors. 44,000+ approvals have been facilitated throughNSWSand28,000+approvals are currently under process. The portal will progressively onboard a greater number of approvals and licenses, based on user /industry
feedback. The Government is committed to reforms and other bold measures for creating a conducive business and investment environmentinallsectors.
NSWS was soft launched to all stakeholders and the public on the 22nd of September 2021 by the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public DistributionandTextiles,ShriPiyush Goyal. NSWS was created by Department for Promotion of Industry and Internal Trade (DPIIT) as per the budget announcement of creation of an Investment Clearance Cell(ICC)toprovideasingleplatform
to enable the identification and obtainingofapprovalsandclearances needed by investors, entrepreneurs, andbusinessesinIndia.
The system is envisioned to reduce duplicity of information submission to different ministries, reduce compliance burden, promote sector specific reforms and schemes, reduce gestation period of projects, and promote ease of starting and doing business. NSWS enables the identification, applying and subsequent tracking of approvals for all integrated States and Central Departments, making it a true NationalSingleWindowSystem.
THIRUVANANTHAPURAM:
The Kerala State Government told the High Court recently that they are ready to hand over the security of the Vizhinjam Port area to the central forces. Now, after the Pinarai Vijayan Government’s approval, the Kerala HC has sought the Centre’s stand on the issue.
The counsel representing the Adani group contended in court that the construction of the port in Vizhinjamisbeinghamperedandthat the state is not providing security to allow construction to proceed, and hence central forces should be assigned.
Meanwhile, amidst criticism for not being able to provide adequate
protection to the Adani group employees, Kerala Chief Minister Pinarayi Vijayan said that the project will be realised despite the ongoing protests.
Vijayan also said the agitations were with an “intention to destroy peace in the area” and assured stern action against those who were involvedintheviolence.
BHUBANESHWAR: Adani Group, owned by Asia’s richest man Mr. Gautam Adani, will invest 600 billion Indian rupees ($7.39 billion) over the next 10 years in the mineral-rich state of Odisha,atopexecutivesaidrecently.
The group will commission a liquefied natural gas (LNG) terminal with 5 million tons of capacity in Dhamra Port in the state this month and plans to double thiscapacitywithinthenextfiveyears, Mr.KaranAdani, Chief Executive Officer of Adani Ports and Special Economic Zone, said in a speech during an investment summitinthestate.
“OurcontinuingcommitmenttoOdishaisshowcased in our planned capital investment that will exceed Rs 60,000 Cr over the next ten years. I anticipate this will create tens of thousands of direct and indirect jobs,” Adanisaidinhisspeech.
Mr. Gautam Adani, whose empire spans gas and
power projects as well as a ports and logistics business, said in September his company would invest more than $100billionoverthenextdecade,with70%earmarkedfor theenergytransitionspace.
PARADIP: Paradip Multipurpose Clean Cargo Terminalsuccessfullyhandled30,912.7MTofsteelbillets for export on the vessel M. V. Lucky Glory for the customer Jindal Steel & Power Ltd. The terminal achievedarecord-breakingloadingrateof17,175.7MTin 24 hours on 17th November, 2022. With this, the terminal surpasseditsowndailyloadingrateforsteelbillets.
The previous best was 14,089.6 MT in 24 hours on 22nd March, 2021 for loading steel billets on the vessel M.V.PearlIvy.
This performance is another testimony to the operational excellence and services at the J M Baxi ParadipTerminal.
BALTIMORE: SeaIntelligence has publishedissue132ofthe Global Liner Performance (GLP) report, with schedule reliability figures up to and including July 2022. As the report itself is quite comprehensive and covers schedule reliability across 34 different trade lanes and 60+ carriers, this press release will only cover the global highlights from the fullreport.
Global schedule reliability continues to trend upwards, increasing by 0.5 percentage points M/M in July 2022 to 40.5%.Thisisnowthe secondtimesincethestartofthepandemicthatschedule reliability improved Y/Y. The average delay for LATE vessel arrivals have been dropping sharply so far this
year, tapering off a little in the past few months. In July 2022, average delay improved by -0.09 days M/M, which means that the delay figure is now firmly below the 7-day mark,andanimprovementovertherespective2021figure.
With schedule reliability of 48.0%, Maersk was the most reliable carrier in July 2022, followed by Evergreen with 44.3%. CMA CGM also recorded schedule reliability of over 40%. There were 9 carriers with schedule reliability of 30%-40% and only two with schedule reliabilityof20%-30%.InJuly2022,onceagain,alotofthe carriers were very close to each other in terms of schedulereliability,with10carrierswithin10percentage points of each other. ZIM had the lowest schedule reliability in July 2022 of 26.6%. On a Y/Y level, 11 of the top-14 carriers recorded an improvement in schedule reliability in July 2022, with 7 carriers recording doubledigitimprovements.
•Forthethirdyearinarow,CMACGMhasreceivedEcoVadis’topra ngbestowedonly onthetop1%ofthe85,000businessesassessed.
•EcoVadis rates businesses on how they apply corporate social responsibility (CSR) principlesintheiropera ons.
•A recogni on of CMA CGM’s commitment to protec ng the environment, upholding humanrightsandprac cinggoodbusinessethics.
MARSEILLE: The CMA CGM Group, a global player in sea, land, air and logistics solutions, has been awarded a Platinum medal by EcoVadis, a rating agency that as se ss es t he s oc ia l an d environmental responsibility of companies, for the continuous progress it has shown in thesustainabledevelopmentarena.
CSR commitments at the heart of the CMA CGM Group’sstrategy
Committed to the ecological transition and the protectionoftheenvironment,CMACGMaimstobeNet Zero Carbon by 2050. To achieve this goal, the Group has set up several pioneering actions based on three inseparable pillars: respect for people, preservation of the environment, and the development of responsible trade. The Group's ambition is to be a leader in carbonfree logistics solutions across its entire value chain. The actions undertaken by CMA CGM have thus enabled the GrouptoreduceitsCO₂ emissionsperkilometerandper containerby48%between2008and2021.
With its Fund for Energies, the Group is beginning a newchapterinitscleanenergytransition
In September 2022, CMA CGM decided to establish an Energies Fund to accelerate the decarbonization of its operations. The Fund, which is to be endowed with €1.5 billion over 5 years, will speed up initiatives supporting the industrial production of new fuels, low-emission mobility solutions across all the Group’s activities and energy efficiency programs.
The Platinum medal, a distinction awarded to the top 1%mostsustainablecompanies
EcoVadis rates over 85,000 businesses around the wo rl d ba se d on 2 1 cr it er ia i n fo ur k ey areas—environment, working conditions, business ethics and supply chain. EcoVadis awards one of four different rating levels (bronze, silver, gold or platinum) depending on each company's score. CMA CGM Group has been awarded the Platinum medal, the highest possible distinction, for the third consecutive year. CMA CGMistheonlyworldwideshippingcompanytoearnthis achievement.