KANDLA : (02836)222665/225790, E-Mail:dstimeskdl@gmail.com GUJARAT + NORTH INDIA
Kaushali International : 25 Years of Successful
AHMEDABAD: Kaushali International, a leading Logistics service provider in G u j a r a t , w a s f o u n d e d in 1999 on the auspicious day of the “RATH YATRA” by the 2 Dynamic Pioneers Mr Vijay Chokshi and Mr Nilay Chokshi.
Over the years, Kaushali International has been able to build the reputation of a Reliable and Trusted Partner in delivery of all types of logistics solution.
Professional approach with Competitive pricing aided by large networks makes the company one stop solution for logistics requirement. This approach has enabled them to earn the Trust of its clients besides winning various regional accolades.
Cont’d. Pg. 6
Kandla Port Steamship Agents Association welcomes New Chairman of Deendayal Port Authority
G A N D H I D H A M : T h e M a n a g i n g Committee of Kandla Port Steamship Agents Association had the pleasure of meeting and welcoming the new Chairman, Shri Sushil Kumar Singh, of Deendayal Port Authority, Kandla recently
Cont’d. Pg. 6
Kaushali International : 25 Years of Successful Operations
Cont’d. from Pg. 3 “ W i t h a V i s i o n o f P r o m p t a n d Po s i t i v e
Commitment our Team of Professionals works round the clock in pursuit of our Mission to make consistent improvement in every aspect of business endeavour”.
Kaushali International this year celebrates its 25th Anniversary and the Management expresses its heartfelt gratitude to all its valuable Well-Wishers,
Clients, Govt Authorities, Shipping and Airline agents and officials amongst others who have always supported the company over the years to achieve this Silver Jubilee Milestone.
“We remain committed in our endeavour to live upto the Trust and Expectation placed by our esteem clients in us with an assurance of serving our present and future clients meticulously in best possible professional manner,” informs a recent communique from the company
Kandla Port Steamship Agents Association welcomes New Chairman of Deendayal Port Authority
Cont’d. from Pg. 3
The Committee also presented him with a Souvenir of Kutch Kuldevi Ashapura Maa, symbolizing the blessings of the divine to the Chairman and the trade, and wishing him a successful tenure.
T h e M a n a g i n g C o m m i t t e e c o n g r a t u l a t e d Shri Sushil Kumar Singh on his appointment and assured him of the association's full cooperation and support in his new role. The meeting was attended by Association's President Mr. Bharat Gupta,
Hon. Secretary Mr. Ebez Yesudas, Joint Secretary Mr. Rajesh Pillai, and Committee Members Mr. Mitesh Dharamshi, Mr. Madhu Menon, Mr. Sabukuttan, Mr. K.M. Thaker and Mr. Giri Visweswarrao ILLA.
The association expressed its optimism about working closely with Shri Sushil Kumar Singh and the port authority to address the challenges and opportunities in the region The meeting was a positive step towards strengthening the partnership between the association and the port authority
Founder's Day of TKPL marked by Social Initiatives
M U M B A I :
Tulsidas Khimji Pvt. Ltd. (TKPL)
i s a l w a y s committed to contributing to the society and thus at TKPL such social activities to celebrate their Founder’s Day is a regular custom. This year again as a social CSR initiative, they organized Blood Donation camp as a prelude to Founders Day on 07 July 2024.
The camp was held at the company's corporate office on Saturday, 22 June 2024 in Mumbai with the support of Deepak Foundation's Anviksha Blood Bank. All staff supported wholeheartedly and donated blood. Every year TKPL gets an overwhelming response for such initiatives from its enthusiastic staff.
In addition to the blood donation camp, TKPL's directors, Mr. Rajen Bhatia and Ms. Vandana Bhatia,
visited an NGO, Vimala Society, that works primarily in the domain of Education, Health and Child & Youth Development and made a charitable contribution to the Society
"We are committed to contributing to society and making a difference in the lives of others," said Mr. Bhatia. He also said that they will be celebrating their 129th Founders Day on 07 July 2024 and have expressed their gratitude to all the customers and well wishers for supporting them and having trust on them for over 125 years.
The management also thanked all the staff and the Foundation in making these social welfare activities successful. They stated that such initiatives will continue in the years to come.
Deendayal Port Authority, Kandla hosts
comprehensive Two-day training program
GANDHIDHAM: Deendayal Port Authority, Kandla hosted a comprehensive Two-day training program for internal
a u d i t o r s s e e k i n g c e r t i f i c a t i o n i n ISO 45001:2018, the Occupational Health
a n d S a f e t y M a n a g e m e n t S y s t e m (OH&SMS) standard. In collaboration with M/s Bureau Veritas India Pvt. Ltd., this initiative aims to strengthen safety practices and promote sustainable development within the port.
The program was inaugurated by Shri. B. Ratna Sekhar Rao, Trafc Manager-DPA. He emphasized on the critical role of occupational health and safety management system in ensuring the well-being of employees and sustainable development of port. More than 20 nos. of officials from various departments participated in the training, equipping themselves with the necessary knowledge and skills to conduct internal audits.
This training marks a significant milestone toward
implementing ISO 45001:2018 standards at DPA, reinforcing the commitment to safety and excellence. As DPA continues its journey toward excellence, this training program serves as a pivotal step in fostering a safer and healthier work environment for all.
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
VESSELS IN PORT & DUE FOR EXPORT
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Dina Ocean Synergy 11/07
CJ-II Doris Arnav Shpg. 14/07
CJ-IIA Doctor O DBC 12/07
CJ-III Mercury DBC 09/07
CJ-IV Maple Marina
CJ-V DL Marigold Arnav Shpg. 10/07
CJ-VI Progress Trader Seascape 10/07
CJ-VII Patmos John Aditya Marine 09/07
CJ-VIII VACANT
CJ-IX Otzias Sealink 11/07
CJ-X Eurostar DBC 12/07
CJ-XI Source Blessing Hapag Llyod 09/07
CJ-XII SCI Mumbai J M Baxi 09/07
CJ-XIII Amateras Harmony DBC 12/07
CJ-XIV African Bari Bird Aditya Marine 13/07
CJ-XV African Gannet DBC 14/07
CJ-XVAVACANT
CJ-XVI Hampton Ocean Shantilal Shpg. 11/07
TUNA VESSEL'S NAME AGENT'S NAME ETD Hong Dai Ambica Log. 10/07
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Symi
OJ-II Sakura Shuchi J M Baxi 09/07
OJ-III Damsgaard Samudra 09/07
OJ-IV Nobler V-Ocean Shpg. 09/07
OJ-V VACANT
OJ-VI Dhan Laxmi
OJ-VII Siya Ram Marinelinks 09/07
08/07 CMB Jordaens Cross
CJ-II Doris Arnav Shpg.
Stream Haj Abdallah T DBC Yemen
CJ-XVI Hampton Ocean Shantilal Shpg. Europe
CJ-III Mercury DBC
Stream Patriot Malara Shpg.
08/07 Propel Success ACT Infra UAE
12/07 Sunrise Malara Shpg. Gulf Country
CJ-XV African Gannet DBC Australia
12/07 African Raptor Dariya Shpg. Indonesia
CJ-XIII Amateras Harmony DBC
T. SBM In Bulk 2024061257
Coated Pipes 2024061353
CBM P. Logs 2024061304
2024061340
Stream Billy Jim Interocean San Lorenzo 75,100 T. Sugar Bulk 2024061362
CJ-I Dina Ocean Synergy Malaysia 21,665 CBM T Logs 2024061363
CJ-V DL Marigold Arnav Shpg. USA 19,604/9,661 T. SSS/HMS INIXY124070018
08/07 Efe Bosphorus Dariya Shpg. South Africa 59,090 T. SA Steam Coal In Bulk
CJ-X Eurostar DBC Jordan
T. Rock Phos 2024071001
Stream Hai Phoung 87 Chowgule S. Indonesia 5,051 T. Wood Pulp 2024061329
Tuna Hong Dai Ambica Log. USA 73,641 T. US Coal In Bulk 2024061346
15/07 Jal Kamal Dariya Shpg. Indonesia 35,800 T. Coal In Bulk
CJ-IX Otzias Sealink 50,290 T. MOP INIXY124070001
CJ-VII Patmos John Aditya Marine Visakhapatnam 53,945 T. Iron Ore F/P & CLO 2024061344
CJ-VI Progress Trader Seascape Indonesia 36,300 T. Metcoke In Bulk 2024061335
11/07 Ram Commander Mystic Shpg. China 17 Nos Wind Mill Blades/ INIXY124070006 Accessories/1 SOC Container (216 PKGS-1046 T)
13/07 Wu Yang Glory Dariya Shpg. Russia 73,269 T. Russian Coal In Bulk 11/07 Yin Xing Hu Dariya Shpg. Indonesia 47,250
LIQUID CARGO VESSELS
Ardmore Cherokee J M Baxi
OJ-III Damsgaard Samudra Jubail
Stream DM Condor Samudra
2024071009
2024061372
2024061274
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
DP WORLD MUNDRA
In Port —/— Zhong Gu Hang Zhou24001E 4062426 Global Feeder Sima Marine Port
Lome, Abidjan (MW2 MEWA)
Port Kelang (NWX)
Northern Guard
TBA 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
In Port —/— Zhong Gu Hang Zhou24001E
21/07
Wadi Duka 2413 4062392 Asyad Line Seabridge
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port Zhong Gu Hang Zhou (V-24001E) 4062423 MBK Logistix Nhava Sheva 08/07 Maersk Guayaquil (V-427W) 4062354 Maersk India Jebel Ali 12/07 Maersk Cabo Verde (V-428S) 4062356 Maersk India Port Qasim
Maersk Cape Town (V-427S) Nhava Sheva 05-07-2024 APL Holland (V-S7W1MA) Pipavav 05-07-2024 Wan Hai 523 (V-2030E) Port Kelang 06-07-2024
Maersk
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)
24027E 24225
PIPAVAV PORT
08/07 08/07-1400 One Reliability 0054E24213 X-Press
Antlia 24004E 24231
10/07-1700 One Altair 065E 24217 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 11/07 14/07 14/07-1500 One Arcadia 069E 24230 HMM /
11/07-1800 Maersk Kensigton 427W
SHIPPING MOVEMENTS AT ADANI HAZIRA PORT
India developing Chabahar Port holds ‘great value’ to landlocked Central Asian states: PM Modi
NEW DELHI: The progress made by India in developing Iran’s Chabahar Port not only holds “great value” to landlocked Central Asian states but also “de-risks” Commerce between India and Eurasia, Prime Minister ShriNarendraModi saidrecently External Affairs Minister Shri S Jaishankar, who was in Astana to attend the SCO Summit, delivered Modi’s remarks at the extended format meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State in the Kazakh capital.
He also said, “While standing resolute on challenges, it is equally i m p o r t a n t t o a c t i v e l y a n d collaboratively explore avenues of progress. The current global debate is focused on creating new connectivity linkages that would better serve a rebalanced world.”
“If this is to gather serious momentum, it requires the joint efforts of many It must also be respectful of the sovereignty and territorial integrity of states and be
$7.3 bn
built on the foundation of nondiscriminatory trade and transit rights to neighbours.”
“For the SCO extended family, we flag the progress made on Chabahar port recently through a long-term agreement between India and Iran. This not only holds great value to landlocked Central Asian states but also de-risks commerce between India and Eurasia,” he said.
The Chabahar port on the Gulf of Oman – which India proposed to develop way back in 2003 – will provide Indian goods with a gateway to reach landlocked Afghanistan and Central Asia using a road and rail project called the International North-South Transport Corridor, bypassing Pakistan.
US sanctions on Iran over its suspected nuclear programme had slowed the development of the port.
In May, India signed a 10-year contract to operate the strategic Iranian port of Chabahar which will help it expand trade with Central Asia.
Chabahar port was last year used by India to send 20,000 tonnes of wheat aid to Afghanistan. In 2021, the same was used to supply environmentally friendly pesticides to Iran.
This is the first time India will take over the management of an overseas port that will also have a multiplier effect on trade among India, Iran and Afghanistan as efforts continue to directly tap the potential in Central Asia, bypassing neighbouring Pakistan.
India has been developing a part of the Chabahar Port and discussions on the development of the port date back to 2003 during Iranian President Muhammad Khatami’s visit to India.
Chabahar is an oceanic port. By leveraging Chabahar Port, India aims to bypass Pakistan and establish direct access to Afghanistan and beyond, into Central Asia.
Kandla port in Gujarat is the closest to the Chabahar Port at 550 nautical miles while the distance between Chabahar and Mumbai is 786 nautical miles.
FDI inflow into Gujarat; 55% jump in 2023-24 over 2022-23
GANDHINAGAR : As per the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of C o m m e r c e a n d I n d u s t r y , Government of India, Gujarat topped the chart in the annual increase in FDI inflow during FY 2023-24 by recording a jump of $2.6 bn.
Registering a 55% increase in the FDI inflow during FY 2023-24 as compared to the inflow during FY 2022-23, Gujarat received a whopping $7.3 bn in FY 2023-24 as compared to the $4.7 bn received in the FY 2022-23. With the FDI inflow of $7.3 bn, Gujarat moved ahead of Karnataka and Delhi to reach the second spot in the country Gujarat has shown a consistent growth in attracting FDI for three consecutive financial years by securing investments of $2.7 billion in FY2022, $4 7 billion in FY2023 and $7.3 billion in FY2024.
Speaking about the consistent performance of Gujarat in attracting FDI inflow, Balvantsinh Rajput, Minister of Industries and Mines, Govt. of Gujarat, said, “Under the g u i d a n c e o f P r i m
Shri Bhupendrabhai Patel is
investment and business is in place
industrial infrastructure to businessfriendly government policies. Due to the dedicated efforts of the Prime Minister and the Chief Minister, Gujarat is also attracting significant
industries like semiconductor and other promising sectors.”
Factors Fuelling FDI Inow in Gujarat
Among the major factors that have played a role in attracting FDI are Gujarat’s industrial infrastructure, industry-friendly policies, and consistent enhancement in ease of doing business Cluster-based industrial regions such as GIFT City, Sanand GIDC, Dholera SIR (Special Investment Region) and Mandal Bechraji SIR also play a significant role i n a t t
Marquee projects such as multiple semiconductor manufacturing plants have also played a huge role in attracting foreign investment. Launch and effective implementation of new sector-specificpoliciesinareassuchas renewable energy, semiconductor, and IT in the last three years have also created a favourable investment climate Financial incentives to entrepreneurs and small industries setting up base in Gujarat, expedited allotment of land, power connection and other business friendly measures have also played a prominent role in bringingnewinvestment
The biennial Vibrant Gujarat Summits that Prime Minister Modi first started during his tenure as Gujarat CM has also played a significant role in bringing new investment. Notably, the first Vibrant Summit during the Azadi Ka Amrit Kaal, held in January this year, was also highly successful.
FDI Inow: Top Five States
With a total FDI inflow of $15.1 bn in 2024, Maharashtra sits on the top spot followed by Gujarat with $7.3 bn. Karnataka, Delhi and Telangana in the same order are on the third, fourth and fifth spot with the respective FDI inflows of $6.6 bn, $6.5 bn and $3 billion.
Red Sea crisis expands Airfreight services and increases cost : Air Cargo Forum
NEW DELHI: In the wake of the Red Sea crisis, air freight from India has more than doubled in recent months, positioning the country to meet its ambitious target of handling 10 million tonnes (MT) of air cargo by 2030-31.
According to industry experts, air freight from India has more than doubled in recent months, a trend directly attributed to the Red Sea crisis. This surge follows a period of recovery post-Covid, where air cargo volumes had already rebounded to the peak levels of 3.5 MT seen in 2017-18.
Yashpal Sharma, President of the Air Cargo Forum of India (ACFI), highlighted two critical areas for i m p r o v e m e n t t o m a i n t a i n t h i s momentum: reducing trans-shipment times and allowing foreign freighter aircraft to serve multiple Indian cities in a single trip, a practice known as
“double dipping.”
“Less than 2 per cent of freight globally moves by air,” Sharma noted at the ACFI Annual Conclave 2024 “With the Red Sea crisis, even a half percent shift will result in a significant increase in air cargo volumes.
India has a tremendous opportunity, but we must address these challenges, particularly the current 2-2.5 day transshipment time.”
India’s air freight market presents a unique profile, with international imports, exports, and domestic cargo each accounting for roughly a third of total volume.
Notably, only 15 per cent of air cargo is transported by dedicated freighter aircraft, with the remainder carried in the belly of passenger planes.
The sector has seen significant
Piyush Srivastava, Senior Economic Advisor in the aviation ministry, reported that the number of freighter aircraft in India rose from 6 pre-Covid to 28 during the pandemic, before settling at the current fleet of 18.
“The Government facilitated the conversion of passenger aircraft to freighters, and numerous steps have been taken to boost the sector However, to compete with rail and road transport, we must streamline processes and improve turnaround times”, Srivastava explained.
Despite these positive trends, t h e
. Surendra Kumar, Joint Secretary (logistics and trade) at DPIIT, revealed that while 70 airports have cargo facilities, many are underutilised due to inadequate integration with other transport modes.
“Port of the Future” conference held by Mormugao Port Authority
PANAJI: Mormugao Port Authority and Directorate General of Lighthouses and Lightships under the Ministry of Ports, Shipping & Waterways (MoPSW), Government of India, jointly organized a one-day conference on the theme “Port of the Future” today on 05th July 2024 a t I n t e r n a t i o n a l C e n t r e G o a , Dona Paula.
S h r i . R a j i v J a l o t a , I A S , C h air p e r s o n o f Mu mbai Po r t Authority & Indian Ports Association, graced the occasion as the Chief Guest a l o n g w i t h o t h e r d i g n i t a r i e s Dr N Vinodkumar, IPoS, Chairperson MPA , Shri N Muruganandam, Dir. Gen. of DGLL, Commander Opesh Kumar Sharma, Director (Shipping) MoPSW.
M o P S W h a s c o n s t i t u t e d t h e Neel Arth Vision Implementation Cell (NAVIC) committees out of which Communication Cell has been tasked of coming up with concept note for
implementation of 5G network and associated technologies in major ports. The event brought together Industry Experts, Researchers, Professionals, Port Administrators and Executives, and Policy Makers from the Ministry to discuss about the application of 5G technology and advanced Vessel Traffic Management Systems (VTMS) in the context of seaports and maritime operations.
During the event an information booklet ‘Port of the Future’ was also released, which contains information on various topics presented by the Speakers at the Conference, and t e c h n i c a l p a p e r s h i g h l i g h t i n g application of advanced AI & IoT t e c h n o l o g i e s t o i m p r o v e c o r e competitiveness of the global ports.
Chief Guest Shri Rajiv Jalota, IAS, Chairperson of Mumbai Port Authority & Indian Ports Association said that the Indian Ports hold immense
potential for growth in terms of handling multi fold export-import cargo compared to the existing capacity and in improving overall e f f i c i e n c y o f p o r t o p e r a t i o n s . He highlighted while implementing the technology such as 5G & AI and advanced VTMS the wisdom from the past experience and benefits from m o d e r n t e c h n o l o g y s h o u l d b e integrated to get the advantage of both D r N V i n o d k u m a r, I P o S , Chairperson MPA explained the advantages of implementing private 5G in Ports which will facilitate real-time c o m m u n i c a t i o n b e t w e e n c a r g o handling equipment and central management systems improving cargo movement and reducing Turn Around Time. He added that the Government is considering allotment of dedicated spectrum to enterprises which will promote implementation of private or enterprise 5G.
Nitin Gadkari : PM Modi to inaugurate Bengaluru-Chennai Expressway
NEW DELHI: Union Minister for R o a d Tr a n s p o r t a n d H i g h w a y s S h r i N i t i n G a d k a r i r e c e n t l y announced that Prime Minister Shri Narendra Modi would inaugurate the Chennai-Bengaluru Expressway before December.
Addressing a session in Bengaluru, Mr. Gadkari said it would be possible to reach Bengaluru from Chennai within two hours on this highway Earlier he announced that the estimated time of completion was March 2024 and the 262 km-long expressway is expected to reduce travel time between the two cities to only two hours.
Gadkari also stated that he will m a k e e f f o r t s t o c o m p l e t e t h e Rs 17,000 crore-worth Satellite Town Ring Road (STRR) project in Karnataka
by December end.
Gadkari said he urged Karnataka Chief Minister Shri Siddaramaiah a n d D e p u t y C h i e f M i n i s t e r Shri DK Shivakumar during a meeting in New Delhi to ensure smooth environmental clearances and land acquisition in the state to expedite road infrastructure projects.
The ‘new alignment’ BengaluruChennai highway will connect Hoskote (in Bengaluru) to Sriperumbudur in the Kanchipuram district (40 km from Chennai). The expressway is one of the 36 new expressways being developed by the NHAI, the foundation for which was laid by PM Modi in May 2022.
The 262 km-long Bengalur uChennai expressway is being built at a cost of over Rs 17,930 crore and will pass
through the states of Karnataka, Andhra Pradesh, and Tamil Nadu
The highway will be eight lanes for a distance of 240 km, with the remainder being an elevated stretch of 22 km Nearly 2,650 hectares of land were acquired for the project.
The works are underway in three phases, with the first phase covering a distance of 62.6 km between Hoskote and Bethamangala in Karnataka.
The second phase covers a stretch of 85 km, from Bethamangala to Gudipala in Andhra Pradesh. The third phase consists of 106 km, connecting Gudipala to Sriperumbudur in Tamil Nadu
TheCentrehasalsoproposedtoconstruct a Bengaluru-Mangaluru greenfield expressway and Mangaluru-Chennai expressway through Bengaluru
and NCAER sign MoU for framework and assessment of logistics cost in India
NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, and the National Council of Applied Economic Research (NCAER)
s i g n e d a M e m o r a n d u m o f Understanding (MoU) recently, to develop a framework for assessing logistics costs in India.
T h e M o U w a s s i g n e d b y Dr. Anil Sharma, Secretary and Operations Director of NCAER, a n d D r . S K A h i r w a r , J o i n t S e c r e t a r y o f D P I I T. T h e e v e n t w a s g r a c e d b y Shri Rajesh Kumar Singh, Secretary of DPIIT.
The key deliverables of the MoU include :-
• D e v e l o p i n g a d e t a i l e d
f r a m e w o r k f o r a s s e s s i n g logistics costs in the country
• Conducting a comprehensive study to assess logistics costs for the year 2023-24.
• Evaluating differentials in logistics costs across various routes, modes, products, types of cargo, and service operations.
• Identifying major determinants influencing logistics costs in different sectors.
Shri Rajesh Kumar Singh emphasized the importance of databased evaluation of logistics costs. The seminar featured a panel
discussion with senior government officers from DPIIT and GSTN, representatives from multilateral institutions, industry professionals, and academicians.
During an open discussion with logistics sector stakeholders and industry associations, the response w a s h i g h l y e n c o u r a g i n g Suggestions included identifying high-value and high-volume commodities/products for the study and considering intangible and indirect elements of logistics costs, such as delays and the convenience of establishing businesses from an investor’s perspective.
NCAER is expected to conduct a detailed study and submit the report within a year. This study is anticipated to have significant impacts on India’s logistics sector.
T
dia launched the National Logistics Policy (NLP) on September 17, 2022, aiming to reduce the percentage of logistics costs to GDP . In line with this, DPIIT’s Logistics Division had earlier launched a report titled “ L
m Framework” in December 2023. Prepared by NCAER, the report provided a baseline aggregated l o g i s t i c s c o s t
t i m a t e a n d a framework for long-term logistics cost calculation.
There was also a view that from an investor perspective for the convenience of establishing business may also be considered as an element affecting the cost.
This MoU envisages NCAER to conduct the detailed study as above and submit the report within a years’ time. This study is likely to result in far reaching impacts for the logistics sector in India.
The logistics cost of the country needs to be regularly assessed and monitored such that the data of cost variation will both benefit the industry and the policy makers This process involves using data of trade flows, product types, industry trends and origin data pairs In addition to conducting the detailed secondary surveys, this requires an institutionalised framework for the process of data collection in a systematic and periodic manner.
R e g u l a r a s s e s s m e n t a n d monitoring of logistics costs are crucial for benefiting both the i n d u s t r y a n d p o l i c y m a k e r s This process involves analyzing data on trade flows, product types, industr y trends, and origindestination pairs. In addition to conducting detailed secondary sur veys, an institutionalized framework for systematic and p e r i
necessary
Vizhinjam Seaport all set to receive mothership on July 12
THIRUVANANTHAPURAM:
In a major milestone, the Vizhinjam
I n t e r n a t i o n a l S e a p o r t i n Thiruvananthapuram (VIST) is all set to receive the first mothership
o n J u l y 1 2 . T h e s h i p w i t h t r a n s s h i p m e n t c a r g o w i l l b e arriving as a trial one to test the operational preparedness of the port. The full fledged commercial operations of the port is expected to begin after a couple of months.
Vizhinjam port being a major infrastructure project that could boost Kerala’s development, the CPI(M) government in the state is planning to make the arrival of the first mothership a major event.
Chief Minister Shri Pinarayi Vijayan is expected to receive the
first mothership Adani Ports
Chief Executive Ofcer Karan Adani and Union Ministers are likely to take part.
Kerala Industries Minister P Rajeev said in a social media post that leading shipping giants like Mediterranean Shipping Company, M a e r s k , A P M Te r m i n a l s a n d Hapag-Lloyd have expressed keen interest in establishing a presence at Vizhinjam. It highlights the strategic significance of Vizhinjam as a new global transshipment hub.
P r o x i m i t y t o i n t e r n a t i o n a l shipping routes connecting Europe, Persian Gulf and the Far East by just ten nautical miles and natural depth of 18 to 20 metres makes Vizhinjam an ideal spot for attracting large
motherships. The port is expected to become a major transshipment hub of the country
A formal commissioning of the port was in October 2023 with the arrival of the first cargo ship with cranes for the port’s operations The port received the location code –‘IN NYY 1’ –last week.
The agreement for developing t h e p o r t o n p u b l i c - p r i v a t e partnership model at a cost of Rs 7,700 crore was inked with Adani Ports in 2015 while the C o n g r e s s g o v e r n m e n t l e d b y Oommen Chandy was in power. Though the initial phase was scheduled to be commissioned by 2019, it got delayed owing to Covid-19 and Ockhi cyclone
India’s warehousing and logistics sector attracts $2.5 billion in Q2 2024, led by foreign investors
MUMBAI: As India aspires to energise its land bank to scale up the e f f o r t s f o r b o o s t i n g t h e m a n u f a c t u r i n g a n d s e r v i c e s economy, warehousing and logistics have become a newfound love, attracting foreign investors the most.
According to a recent report by Colliers India, a real estate research and brokerage firm, the second quarter of 2024 saw a surge in momentum following a steady start to the year.
The quarter registered $2.5 billion in inflows, marking the highest q u a r t e r l y f i g u r e s i n c e 2 0 2 1 . The industrial and warehousing sector led the charge, accounting for 61% of total investments with $1.5 billion, driven by several large deals The residential sector also experienced a notable increase, with quarterly inflows rising 7 5 times compared to Q2 2023, capturing 21% of total institutional inflows into Indian real estate.
In contrast, the office assets segment saw subdued activity, with investments totaling $0.3 billion in Q2 2024. This represented a significant annual decline of 83%, though the quarter-on-quarter drop was a more modest 41%. Despite the slow start in
the first quarter, the combined surge in industrial, warehousing, and residential investments resulted in a healthy investment volume of $3.5 billion for the first half of 2024. Foreign investments remained strong, comprising 81% of total inflows in Q2 2024, primarily driven by investors from the US and UAE.
P i y u s h G u p t a , M a n a g i n g Director, Capital Markets & Investment Services at Colliers India says, “With foreign investments leading the charge at a significant 73% share in H1 2024, the sustained momentum is expected to drive positive sentiment for the entire year Sustained growth in FDI and Domestic Capital in India Real Estate reciprocates the attractiveness and the positive long-term outlook for infrastructure, construction, and real estate in India The domestic institutional and retail investor activity in Indian real estate is also expected to remain strong in the second half of the year, driven by healthy economic activity and consumer confidence.”
I n d u s t r i a l & w a r e h o u s i n g segment surged to 11 times
According to the report, during Q2
2024, the institutional investments in the industrial and warehousing segment rose manifold, as much as 11X times compared to Q2 2023 led by select large deals in the segment.
“Amidst rising demand for superior quality Grade A supply and evolving supply-chain models, investor confidence in the segment h a s s i g n i f i c a n t l y i m p r o v e d . With healthy demand momentum, global as well as domestic investors are going to play a prominent role in the consolidation of industrial & warehousing assets in the country
A m i d s t s i g n i f i c a n t s p u r t i n E-commerce and retail consumption in India, various asset-level investors are likely to enter the market, boosting the demand for AI-enabled warehouses and micro-fulfilment centres in the upcoming quarters,” the report said.
From 15-minute deliveries of daily needs to the increasing reach of e-commerce, people across India, including those in remote villages near Ladakh, can now order apparel, shoes, and more from metro-based stock. This is made possible by the country’s expanding warehousing and logistics facilities.
Chairman CONCOR : Another rm step of CONCOR towards Green Logistics
MUMBAI : MMLP Mihan Nagpur,
C o n t a i n e r C o r p o r a t i o n i n I n d i a (CONCOR), has commenced regular road movement of CTRS in Eco Friendly Owned & Operated with New 20ft LNG trailers from Terminal to factories serving to valued Customers seamlessly
w
environmentally friendly manner
C h a i r m a n M r S a n j a y S w a r u p t w e e t e d , “Another firm step of CONCOR towards Green Logistics”.
CONCOR e-Logistics App: Revolutionizing First Mile Last Mile (FMLM) Services
NEW DELHI: CONCOR has developed an e-logistics a mobile app (CONCOR e-Logistics App -Customer) for providing seamless First Mile last-Mile (FMLM) services to its customers.
Customers can avail of the services from the comfort of their offices at any time -thus, eliminating the need to visit a CONCOR’s terminal for this purpose.
“This app offers reasonable and cost-effective rates for customers through competitive bidding among vendors,” informs a recent communique from the company
CEVA Logistics welcomes Bolloré Logistics, unites under one brand
MARSEILLE: CEVA Logistics and Bolloré Logistics will move forward under one unified brand CEVA Logistics in offering a breadth of services in air, ocean, ground and rail transport, contract logistics, finished vehicle logistics, project logistics and customs solutions. Already underway, CEVA expects to complete the rebranding process by the end of 2024.
C E VA L o g i s t i c s i s g a i n i n g significant scale and industr y experience, particularly in air and ocean freight management, thanks to the addition of Bolloré Logistics, who was acquired by CEVA’s parent company, the CMA CGM Group, on Feb. 29, 2024.
As a leading global logistics provider, CEVA generated pro forma 2023 revenue of $20.2 billion by transporting 1.9 million TEUs of ocean freight, 800,000 tons of air freight and managing 11.7 million square meters of warehouse space—all thanks to its 110,000 global employees.
CEVA Logistics will welcome Bolloré Logistics into its new product-driven organizational model. Recently announced, the new vertical structure reinforces the company’s ability to offer consistent global services to its
customers across the breadth of its product offering. With a vertical alignment of its product teams down to the local level, CEVA expects improved product development and operational excellence. The vertically aligned product teams are expected to accelerate CEVA’s ability to engineer new solutions and then apply them more quickly to customer challenges across all geographies.
In addition, CEVA is combining its Air and Ocean operations to capitalize on best practices and technology investments, notably in finalizing its implementation of CargoWise.
