GUJ-09-12-2024 by Daily Shipping Times

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Gujarat

in 2023-24 across Major, Non-Major Ports

GANDHIDHAM: Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal, recently informed that Gujarat continues to dominate cargo handling among Indian states, maintaining its top position at both Major and Non-Major Ports over the last five years.

According to data from the Ministry of Ports, Shipping, and Waterways, Gujarat’s ports handled a staggering 581.63 million metric tonnes (MMT) of cargo in 2023-24,

CONCOR moves

surpassing all other states by a significant margin Deendayal Port alone managed 132.37 MMT, the second highest among major ports in India, just behind Paradip Port in Odisha, which handled 145 38 MMT Meanwhile, among the Non-Major Ports, Gujarat handled 449.26 MMT of cargo. In comparison, states like Maharashtra and Andhra Pradesh managed a total of 144.13 MMT and 199.23 MMT, respectively, across both Major and Non-Major Ports

maiden Rake from newly inaugurated MMLP- Jajpur to ICD-Amingaon

JAJPUR : CONCOR loaded it’s maiden rake with 90 loaded containers on 04 12 2024 from it’s newly inaugurated MMLP-Jajpur in Jajpur-District of Odisha, The said rake is destined for ICD-Amingaon (Guwahati), North East India. The cargo being carried is Granulated Slag of M/s Tata Dureco

The said movement was co-ordinated by CONCOR’s business associate M/s CJ DARCL Officials from Tata Group graced the occasion. The movement underscores CONCOR’s multimodal logistics services &

commitment to t h e t r a d e i n eastern Odisha, in the JajpurK

industrial belt

FOKIA organizes CSR review meeting

GANDHIDHAM: FOKIA organized a CSR review meeting with the support of host organization Deendayal Port Authority (DPA), Kandla on the theme “Convergence to Collective Collaboration.” Topics like Promoting livelihood opportunities by promoting traditional art and handicraft, Water management & conservation for sustainable community development, Role of CSR funding in catalysing academic, research, and innovation development in Kutch region and Agarias Socio-economic status - Ongoing CSR project for Agarias and Future collaborative approach were covered during this meeting.

Mr. Sushil Kumar Singh, IRSME, Chairman, DPA conveyed his greeting message for the CSR meet. Deputy Chairman of DPA, Mr. Nandeesh Shukla, Vice Chancellor of KSKV Kutch University, Dr. Mohan Patel, Commissioner of Custom, Mr. Utkarsh Rammohanray, IRS, DPA Board Member

and FOKIA MD Mr. Nimish P

h e meeting and appealed the

approach to make a positive impact in social development.

During the meet, KSKV Kutch University announced

industries namely Adani F

Industries Pvt Ltd, Shreeram Salt and Sumitomo Chemical India Ltd for a project of educational external centers for interior places like Pandhro, Gadhsisha, Dhordo and Dholavira with a total CSR funding 1.5 Cr for 5 centers.

CONCOR welcomes CMA CGM delegation from Marseille & Dubai

NEW DELHI: C O N C O R h a d t h e p r i v i l e g e

o f h o s t i n g C M A C G M

Te a m , l e d b y Mr. Philippe Alix

– D i r e c t o r

I n t e r m o d a l , H O Marseille, along with key o f f i c i a l s f r o m Dubai and India.

D u r i n g t h e m e e t i n g , CONCOR CMD

Shri Sanjay Swarup outlined CONCOR’s ESG initiatives such as the deployment of large fleet of LNG trailers, trial with electric vehicles, setting up of North India’s 1st in-house LNG station at CONCOR’s MMLP Khatuwas (Rajasthan), harnessing solar energy, and plan to set up net-zero warehouses.

He also highlighted CONCOR’s focus on IT-enabled services including the AI-based Terminal Management System, mobile app based 1st/last mile services, etc.

The discussion underscored CONCOR's extensive network and robust infrastructure, with a special focus on MMLP setup along the Dedicated Freight Corridor

Shri Swarup emphasized on CONCOR's expertise in delivering customized, seamless end-to-end logistics solutions.

SHIPPING MOVEMENTS AT GUJARAT PORTS

TODAY’S TIDE 09/12/2024

Cargo Steamer's Agent's ETD Jetty Name Name

CJ-I Dubai Knight DBC 13/12

CJ-II Globe Cleopatra Interocean 10/12

CJ-III Nord Missippi Asia Shpg. 12/12

CJ-IV Sai Fortune Sai Shipping 11/12

CJ-V Blue Fin Trueblue Shpg. 14/12

CJ-VI Grand Concord Benline 15/12

CJ-VII VACANT

CJ-VIII Magic Thunder Genesis 15/12

CJ-IX VACANT

CJ-X Genco Columbia Avantika Shpg. 14/12

CJ-XI Gauja Armita India 10/12

CJ-XII Source Blessing Hapag Llyod 10/12

CJ-XIII Singapore Bulker B S Shipping 11/12

CJ-XIV Cl Zhuang He Chowgule Bros 13/12

CJ-XV Hangyang DBC 15/12

CJ-XVA Golden Marine Cross Trade 14/12

CJ-XVI Ipanema Beach Synergy 13/12

TUNA VESSEL'S NAME AGENT'S NAME ETD VACANT

OIL

OJ-I Severin Schulte

OJ-II Bow Cedar GAC Shpg. 10/12

OJ-III Agioi Fanendes Interocean 10/12

OJ-IV Joanna Samudra 10/12

OJ-V Ealdor GAC Shpg. 10/12

OJ-VI Coronet Malara Shpg. 10/12

OJ-VII Silver Linda JMBaxi 10/12

SHIPS

Almeray 04/12 Abidjan

Steller Indigo 04/12 China

TCI Anand 05/12 Manglore-CochinTuticorin-Chennai

Thor Niramit 05/12

Janis 05/12 Nigeria

Spring Oasis 05/12

Golden ID 07/12

Suvari Kaptan DBS 05/11

Sofia K B S Shipping 13/11

MO Joud DBC 19/11

Dawn Interocean 19/11

Tai Honor DBC 25/11

Doctor O DBC 24/11

Queen Lila Synergy 17/11

Dream Sky Mihir & Co. 27/11

Mars J DBC 16/11

Haj Ali DBC 01/12

Marina S Synergy 01/12

Haj Abdullah T DBC 03/12

Bomustafa O DBC 24/11

Atlantis DBC 02/11

Star Nighthawk JMBaxi 30/11

Jutha Maritimo JMBaxi 04/12

Aljabriya Arnav Shpg. 04/12

Qi Cheng 3 Samsara 04/12

Berge Hakodate DBC 05/12

East Wind I Anline Shpg. 14/11

Mercury J DBC 19/11

Propel Glory Cross Trade 07/12

Stream

Stream Bomustafa O DBC

CJ-XIV

Stream

Stream Cos Proseperity Chowgule

Stream Dawn Interocean Abidjan

Stream Doctor O DBC

CJ-I Dubai Knight DBC

Stream East Wind I Anline Shpg.

Stream ES Bright Samudra

CJ-X Genco Columbia Avantika Shpg.

Stream Glamor Anline Shpg.

CJ-II Globe Cleopatra Interocean Dounan

CJ-XVA Golden Marine Cross Trade

Stream Haj Abdullah T DBC

Stream Haj Ali DBC

Stream Haj Mohamad DBC Hodeidah

Bags

Stream Humbergratch JMBaxi Germany 3 Nos. Windmill Blades

Stream Marina S Synergy

Stream Mars J DBC

Stream Mercury J DBC

Stream Sofia K B S Shipping

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

10-Dec Bow Firda GAC Shpg. Al Jubail

Stream Cystal Voyage Samudra Sohar Oman

OJ-V Ealdor GAC Shpg. Akaba

09-Dec Eva Richway Samudra Singapore

Stream Heaung A Pioneer Samudra Singapore

10-Dec Ivy Gold Interocean

OJ-IV Joanna Samudra Sohar Oman

Stream Kruibeke Seaworld

09-Dec Qian Tai 1 Marinelinks Malaysia

Stream Petro Dolphin Scorpio Shpg.

Stream Purple Ray Samudra

Chemicals

Chemicals INIXY124121880

Phos Acid INIXY124121874

Chemicals

CDSBO

INIXY124111847

Chemicals INIXY124111835

CPO INIXY124101419

Cabon Solvent

Chemicals Stream Sakura Spirit Interocean

SHIPPING MOVEMENTS AT ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

DP WORLD MUNDRA

932S 4124556

FOR EAST, WEST, NORTH & SOUTH AFRICAN PORTS

13/12 12/12-PM Maersk Cairo 450S 4114296 Maersk Line Maersk India Port Casina, Mombasa (MAWINGU)

15/12 15/12-AM Maerk Karun 450W 4114293 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)

19/12 19/12-AM Oceana 932S 4124556 Unifeeder Transworld Shpg. Maputo (MJI) 20/12 TO

LOAD FOR FAR EAST JAPAN, CHINESE PORTS & AUSTRALIAN PORTS

In Port —/— Zhong Gu Hang Zhou24004E 4114363 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC) 10/12 10/12 10/12-PM Beijing Bridge 2407 4114393 Heung A / WHL Sinokor (I) / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 11/12 15/12 15/12-AM Inter Sydney 169 4124506 Interworld Efficient Marine China (BMM) 16/12 15/12 14/12-PM Zhong Gu Chong Qing 24050E 4114518 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 16/12 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)

TBA Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT

In Port —/— Zhong Gu Hang Zhou24004E 4114363 Global Feeder Sima Marine Karachi (CSC) 10/12 15/12 15/12-AM Maerk Karun 450W 4114293 Maersk Line Maersk India Colombo (MW2 MEWA) 16/12

TBA Sai ShippingSai Shipping Karachi (JKX)

TBA Asyad Line Seabridge Marine Karachi (REX)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

In Port Zhong Gu Hang Zhou (V-24004E) 4114363 MBK Logistix Nhava Sheva 09/12 Maersk Guatemala (V-449W) 4114297 Maersk India Jebel Ali 10/12 Beijing Bridge (V-2407) 4114393 Sinokar Line Nhava Sheva

CB-1 Euphoria (V-4407E) Emirates Shipping 10/12 CB-2 Zhong Gu Hang Zhou (V-24004E) T S Lines 10/12

11/12 Wadi Duka (V-2425) 4114390 Seabridge Marine Nhava Sheva 15/12 Maersk Karun (V-450W) 4114293 Maersk India Nhava Sheva 19/12 Oceana (V-932S) 4124556 Unifeeder Agency Jebel Ali

Wan Hai 511 (V-95E) Port Kelang 06-12-2024 Marathopolis (V-449S) Salalah 07-12-2024 X-Press Mekong (V-24010W) Nhava Sheva 07-12-2024

GUJARAT + NORTH INDIA

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

09/12 09/12-AM Cstar Voyager 49W 2404388 MBK Line MBK Logistics Jeddah, Kumport. (IMS) 10/12 11/12 Hyundai Jakarta 131W 2403769 Hyundai Seabridge Maritime Jeddah, Damietta, Piraeus, Genoa, Valencia, Barcelona (FIM WEST) 12/12 12/12 12/12-PM One Readiness 4 2404402 ONE Line ONE India New York, Savannah, Jacksonville, Charleston, Norfolk (WIN) 13/12 13/12 13/12-AM Nyk Vesta 87W 2404403 CMA CGM CMA CGM Ag. (I) Jeddah, Suez Canal, Tanger, Rotterdam, Hamburg, 14/12 19/12 18/12-PM Yokohama Express 4348W 2404329 COSCO/Hapag COSCO(I)/Hapag-Lloyd London Gateway, Antwerp, (EPIC-II) 20/12 14/12 13/12-PM CMA CGM Titus OMXL3W 2404185 Hapag Lloyd ISS Shipping La Spezia, Barcelona, Valencia, Tangier, Fos Sur Mer, Genoa, 15/12 CMA CGM CMA CGM Ag. (I) Marsaxlokk. (IMEX) 15/12 15/12-AM KR Tasman 2448W 2404394 CU Lines Diamond Maritime Djibouti, Jeddah, Aden (IMR) 16/12 TBA Mesiina Transworld Group Istanbul, Jeddah, Nisurata (Libya), Castellon (Spain), Genoa, Naples, Iskderon (INDME) TO LOAD FOR WEST ASIA GULF PORT 12/12 12/12-PM SCI Mumbai 24049 2404445 X-Press Feeder Sea Consortium Jebel Ali, Khalifa, Khorfakkan. (ASX GULF)

Transworld Feeder Transworld Group 13/12 13/12-PM Sinar Bajo 54E 2404467 ONE Line ONE India Jebel Ali, Dammam (SIG)

EAST,

In Port —/— Ever Legion 57E 2404138 One/X-Press Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) 10/12 14/12 14/12-PM Zhong Gu Nan Ning 2407E 2404409 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX) 15/12 10/12 10/12-AM Big Breezy 46E 2404454 Wan Hai Line Wan Hai Lines Port Kelang, Jakarta, Surabaya. (SI8 / JAR) 11/12 KMTC / Interasia KMTC (I) / Interasia 11/12 11/12-PM ESL Dachan Bay 2094 2404464 Evergreen/ONE Evergreen Shpg/ONE Port Kelang, Tanjin Pelepas, Singapore, Xingang, Qingdao, Ningbo 12/12 Feedertech/TS Lines Feedertech / TS Line Shanghai (CISC) 13/12 12/12-PM HMM Promise 43E 2404292 Hyundai Seabridge Maritime Singapore, Da Chan Bay, Busan, Kwangyang, Shangai. (FIM EAST) 14/12 14/12 12/10-PM Xin Chang Shu 90E 2404420 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 15/12 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)

15/12 15/12-AM Zhong Gu Gui Yang 2446E 2404377 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 16/12 Evergreen/KMTCEvergreen/KMTC (FIVE) 15/12 15/12-PM KMTC Jebel Ali 2406E 2404429 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS) 16/12 20/12 19/12-PM Zhong Gu Ji Nan 24007E 2404498 TS Lines Samsara Shpg

20/12 20/12-AM Navios Unite 1E 2404415 FeedertechFeedertech Port Kelang, Singapore, Leam Chabang.(AGI) 21/12 TO LOAD FOR INDIAN SUB CONTINENT In Port —/— Ever Legion 57E 2404138

14/12 14/12-PM Zhong Gu Nan Ning 2407E 2404409 KMTC / TS Line KMTC India/TS Line(I)

Feedertech / TSLFeedertech / TSL 13/12 13/12-PM Sinar Bajo 54E 2404467

14/12 13/12-PM CMA CGM Titus OMXL3W

20/12 19/12-PM Zhong Gu Ji Nan 24007E 2404498 TS Lines Samsara Shpg

15/12 15/12-AM Zhong Gu Gui Yang 2446E 2404377 Interasia/GSL Aissa M./Star Shpg Colombo. (FIVE)

Evergreen/KMTCEvergreen/KMTC 16/12 16/12-PM Dalian 2449W 2404368 Hapag Lloyd ONE Line (I)/ISS Shpg Colombo (MIAX)

20/12 20/12-AM Navios Unite 1E

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

In Port —/— MSC Orsola IS448A 2404400 MSC/SCI

PIPAVAV PORT

14/12 13/12-1800 Maersk Seletar 449W 24393 Maersk Line Maersk India Algeciras

20/12 19/12-1800 Maersk Hartford 450W 24401 (MECL)

27/12 26/12-1800 Maersk Pittsburgh 451W 24407

TO LOAD FOR

FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC

10/12 09/12-2200 Xin Da Yang Zhou 097E 24390 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 11/12 14/12 13/12-2000 Pusan 35E 24397 Gold Star / RCL Star Shpg/RCL Ag. Nansha New Port (CIXA) 15/12 19/12

18/12-1800 Aka Bhum 025E 24406 19/12 11/12 10/12-1900 Zhong Gu Chong Qing 450E 24404 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 12/12 18/12 17/12-1900 GSL Nicoletta 451E 24388 X-Press Feeders Merchant Shpg. Ningbo. (NWX) 19/12 Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan.

15/12 15/12-1000 Conti Annapurna 997E 24402 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 16/12 16/12 16/12-1100 MOL Presence 019E 24405 ONE ONE (India) (TIP) 17/12 20/12 20/12-0300 One Contribution 059E 24403 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 21/12

30/12 30/12-1000 Seaspan Adonis 077E HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 31/12 09/01 09/01-1600 Xin Ya Zhou 166E COSCO COSCO Shpg. Singapor Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 10/01 Nansha, Port Kelang (CI1)

TO LOAD FOR WEST ASIA GULF, RED SEA

EAST AFRICAN PORTS

10/12 10/12-0300 SM Neyyar 0449W 24399 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX) 11/12 17/12 17/12-0300 Seaspan Jakarta 0450W 24396

14/12 13/12-1800 Maersk Seletar 449W 24393 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 15/12 TO

LOAD FOR INDIAN SUB CONTINENT PORTS &

COASTAL

10/12 09/12-2200 Xin Da Yang Zhou 097E 24390 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)

11/12 10/12-1900 Zhong Gu Chong Qing 450E 24404 Maersk Line Maersk India Colombo. (NWX)

SERVICE

12/12 12/12-0600 SSL Gujarat 165 24400 SSLSSL Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 13/12 14/12 14/12-0900 SCI Chennai 2416 25002 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE) 15/12 15/12 15/12-1000 Conti Annapurna 997E 24402 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo.

16/12 16/12-1100 MOL Presence 019E 24405 ONE ONE (India) (TIP)

20/12 20/12-0900 SM Manali 0049 24391 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 21/12 Krishnapatanam, Cochin, Mundra. (CCG) 09/01 09/01-1600 Xin Ya Zhou 166E COSCO COSCO Shpg. Karachi, Colombo (CI1) 10/01 TO LOAD FOR US & CANADA WEST COAST 14/12 13/12-1800 Maersk Seletar 449W 24393 Maersk Line Maersk Line India Newark, Charleston, Savannah, Houston, Norfolk. 15/12 20/12 19/12-1800 Maersk Hartford 450W 24401 Safmarine Maersk Line India (MECL) 21/12 15/12 15/12-1000 Conti Annapurna 997E 24402 X-Press Feeders

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

Govt open to alternative nancing model for MSME exporters: Piyush Goyal

NEW DELHI: The Government is looking at another set of measures to ease financing of Micro Small and Medium Enterprises (MSMEs), cut their operational costs, and make exports from them more competitive.

Commerce and Industry Minister Piyush Goyal said on Thursday that the government is open to developing “alternative financing models” for MSMEs, and reserving land for them in the 20 smart industrial townships coming up at different locations in the country

The state-run Export Credit Guarantee Corporation (ECGC) will be taking a more proactive role in assisting exporters who are facing delays in getting payments from overseas buyers in the wake of the geopolitical conflicts and disruptions of shipping routes.

“(ECGC credit) being costlier, exporters still prefer to go to the banks (for short-term finance). We are open to the idea of alternative financing models to address the issue,” the minister said at an event organsied by Assocham.

He asked the MSMEs to list the specific issues regarding the problems they are facing in getting credit from banks Exporters have been complaining about demands from lenders for high collateral or security even after the 90% guarantee on export receivables by the ECGC.

MSMEs account for a third of India’s gross value added (GVA), over 40% of the country’s industrial production and 46% of exports.

In the Budget 2024-25, finance minister Nir mala Sitharaman announced a credit guarantee scheme for MSMEs, under which these units can take loans without having to give any collateral or thirdparty guarantee Also, it was announced that term loans would be facilitated for the purchase of machinery by MSMEs.

Further more, a new credit assessment model for MSMEs based on digital footprints and cash flows –rather than just assets or turnover — was launched. The schemes are, however, yet to show much results on the ground.

Financial Services Secretary M Nagaraju has said recently that public sector banks (PSBs) would unveil new products in the next three to four months, to improve credit growth, within a special focus on MSMEs.

Over 90% of the industrial enterprises in the country belong to MSME category, which is the second largest employment provider after agriculture. The sector is also capable of generating self-employment opportunities at a comparatively low capital cost.

While the country ’s overall exports grew by 15% in rupee terms betw

3-24, the outstanding export credit as in March 2024 dropped by 5% over March 2022, according to exporters. This decline has come despite the export sector’s need of more credit for longer duration due to hike in prices of

commodities, sharp spurt in freight costs (both sea and air) and the Red Sea crisis leading to longer voyage time and delayed payments.

According to Federation of Indian Export Organisations, the value of export credit outstanding has come down to Rs 2,17,406 crore in the March 2024 quarter from Rs 2,27,452 crore in the same quarter last year

According to latest data of the Reserve Bank of India (RBI) the outstanding credit to MSMEs stands at around Rs 10.8 trillion till October 20, showing double-digit growth from the year-ago level.

“We are setting up 20 townships, 12 of which we announced three months back. I am happy to commit particular areas earmarked for MSMEs in these townships,” Goyal said, adding that states would be nudged to follow this norm.

Each smart city under the N a t i o n a l I n d u s t r i a l C o r r i d o r Development Programme will be set up by a special purpose vehicle (SPV) where the state government and Central Government will have an equal stake.

The 12 of these cities were approved by the Cabinet in August and will come up in Khurpia in Uttrakhand, Rajpura in Punjab, Agra and Prayagraj in Uttar Pradesh, Gaya in Bihar, Dighi Port Industrial Area in Maharashtra, Jodhpur Pali Marwar in Rajasthan, Kopparthy and Orvakal in Andhra Pradesh, Zaheerabad in Telangana, Palakkad in Kerala and Hissar in Haryana.

Potential shifts in US Trade Policy to affect trade in 2025 : UNCTAD

GENEVA : Potential shifts in United States (US) Trade Policy to a more protectionist one, inward looking industrial policies in many countries, threat of renewed and expanded trade wars along with ongoing geopolitical tensions are set to negatively influence international trade in 2025, a report released said. Although moderating global inflation, stable economic growth forecasts and improving business activity point to continued positive momentum in global trade for early 2025, the trend is expected to face challenges, United Nations Trade and Development (UNCTAD) said in its report on Global Trade Update.

The global trade is expected to grow 3.3 per cent or by $1 trillion in 2024, with both goods and services contributing approximately $ 500 billion each.

According to the report, during the last four quarters, trade growth in developing countries outpaced that of developed countries. However, this trend inverted in the third quarter of 2024, with trade growth largely driven by positive trade dynamics in developed economies. India saw 3 per cent and 1 per cent contraction in exports and imports in the third quarter of 2024.

The report further said that the US is anticipated to adopt a “more protectionist trade policy”.

“In this context, new tariffs m

t specific products, but rather i

affecting not only geopolitical adversaries but also key trading partners, particularly those with higher tariffs and significant

trade surpluses with the United States,” the report said.

That apart, tariffs imposed to specific segments of global value chains often have a ripple effect, impacting not only the targeted industries and countries, but also the entire value chain.

“Even in the absence of actual tariff increases, the mere threat of tariffs and possibility of retaliatory actions fosters a less predictable global trade environment, which can

and

economic growth,” the report said.

“The prioritisation of national concerns and the urgency of fulfilling climate commitments will likely continue to shape changes in both industrial and trade policies into 2025,” the report said.

Shipping Lines adding capacity to support India’s export growth

MUMBAI: Shipping Lines are adding capacity to support India’s export growth, with multinationals such as Maersk-Hapag-Lloyd’s Gemini Cooperation, MSC, and CMA CGM launching new routes and upgrading services. This expansion is expected to boost trade efficiency, reduce freight costs and turnaround times.

Merchandise export growth reached 17% year-on-year in October, with total exports projected to hit $435 billion this fiscal year

Starting February, Maersk and Hapag-Lloyd will introduce three dedicated and eight to nine shuttle routes under their Gemini network, while MSC plans a MediterraneanAsia route linking Mediterranean ports to North India and Colombo. CMA CGM recently launched an Asian route calling at India and may add another route to select Middle Eastern ports next year

“Globally, logistics dynamics are shifting With China slowing down, shipping lines are being prompted to expand their routes and frequency in India,” said Ajay Sahai, Director General and CEO of Federation of Indian Export Organisations (FIEO). “Geopolitical competition, emerging regional players, and new trade avenues, such as Arctic routes via Russia, are reshaping the

opportunities to lower freight costs,” he said.

The India-EU trade lane, which accounts for a quarter of India’s foreign trade, will see significant i

Hapag-Lloyd’s new services will cut transit times by up to three days. The expanded routes will

Ennore to European hubs like R o t t

a m , H a m b u r g , a n d London Gateway.

The Red Sea crisis is having a cascading effect on turnaround times, and port congestion. With plans to have direct routes and calls at multiple Indian ports, the country’s exporters and importers are likely to benefit, experts said.

“A

coverage between India and Europe, we also aim to bring 90% reliability (up from 53% currently) through the Gemini network once the full phase is completed. This will help us provide customers with more predictability that will, in turn, help them reach their markets on time, thus avoiding loss of sales or incremental costs,” Bhavik Mota, D

Subcontinent, Middle East and Africa) region was quoted as saying

PM Modi and Bhutan King resolve to further expand

‘exemplary’ bilateral ties

NEW DELHI: India and Bhutan has vowed to further expand their “exemplary” partnership across all sectors with Prime Minister Shri Narendra Modi conveying to Bhutanese King Jigme Khesar Namgyel Wangchuck New Delhi’s strong commitment to the economic development of the Himalayan nation.

Shortly after Wangchuck arrived here on a two-day trip, he and Modi held talks focusing on boosting cooperation in diverse areas, including clean energy partnership,

trade and investment, space and technology

Modi reaffirmed India’s abiding commitment to its enduring bonds of friendship and cooperation with Bhutan, and reiterated continued and full support to the socio-economic development in Bhutan based on the p

government, according to a joint statement.

The two leaders exchanged ideas on the ‘Gelephu Mindfulness City’ initiative, a visionar y project

catalyse Bhutan’s development and strengthen linkages with adjoining border areas in India.

The Prime Minister and the King expressed satisfaction at the excellent state of bilateral relations, e

partnership, trade and investment, space and technology cooperation, and people-to-people ties, it said.

“ T

commitment to further strengthening this exemplary partnership across all sectors,” it said.

India not re-considering to join RCEP Pact : Piyush Goyal

NEW DELHI : India in 2019 decided not to join the mega free trade agreement RCEP as the pact was not addressing its concerns and since then there has been no change in that position, Union Commerce and Industry Minister Shri Piyush Goyal said In a written reply to the Rajya Sabha, that the structure of RCEP did not adequately address the ambitions a n d c o n c e r n s o f I n d i a ’ s stakeholderson.

T h e R C E P ( R e g i o n a l

C o m p r e h e n s i v e E c o n o m i c Partnership) Agreement is being n e g o t i a t e d a m o n g 1 0 A S E A N members (Br unei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand,

and Vietnam) and their six free-trade pact partners Australia, China, India, Japan, South Korea and New Zealand.

India decided not to join the bloc, in its current form for that.

‘Cur rent str ucture doesn’t address concerns’

Accordingly, during the third RCEP Leaders Summit held on November 4, 2019, in Bangkok, India conveyed its position that current structure of RCEP did not address the outstanding issues and concerns of the country

“There has been no change in India’s position since then,” Goyal said while he was replying to a q u e s t i o n a b o u t w h e t h e r t h e

government is re-considering joining the agreement. The remarks assume significance as in November Niti Aayog CEO BVR Subrahmanyam stated that India should be a part of the RCEP Goyal also said that India’s imports from China have jumped to $101.74 billion in 2023-24 from $70.32 billion in 2018-19.

However, exports dipped to $16.66 billion in the last financial year from $16 75 billion in 2018-19

“Most of the goods imported from C h i n a a r e c a p i t a l g o o d s , i n t e r m e d i a t e g o o d s , a n d r a w materials, and are used for meeting the demand of fast-expanding sectors like electronics, telecom, and power in India,” he said

The above vessel is arriving at MDPT (MUNDRA) with Import cargo from COEGA,DURBAN. Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.

19 MEDUFI166150

12 MEDUJ5469096

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

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MEDUAD633486

28 MEDUB3040582

4 MEDUDV499733

37 MEDUKW410667

27 MEDUKW410931

9 MEDUKW410980

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Adani Group plans to invest $2 Billion for acquisitions of ports in Europe

AHMEDABAD: The Adani Group is planning to invest $2 billion for acquisitions in the ports sector to e x p a n d i t s p r e s e n c e i n t h e international market, a spokesperson said.

T h e c o m p a n y ’ s f l a g s h i p Adani Ports & Special Economic Zones Ltd. is scouting for terminals in Europe, which accounts for 40% of

global sea trade. “We are looking for two or three terminals in Europe only and deals should happen in the near future,” the spokesperson said.

T h e c o m p a n y h a s p o r t s i n Sri Lanka, Israel, Australia, Tanzania and Greece and is seeking to further expand abroad.

In India, the company, with a cargo handling capacity of 633 million

metric tonnes at 15 ports, has a market share of 27% which it is planning to enhance to 40% by 2030. For this purpose, capacity addition is planned in the west coast.

Last year, the company had reported an EBITDA of Rs 17,590 crore and this year the half yearly EBITDA has reached Rs 18,846 crore, the spokesperson said.

India wants ceasere in West Asia, conict disrupts shipping: S Jaishankar

NEW DELHI: India wants a ceasefire in West Asia and a “cooling down” tensions in the region so that the country’s economic interests are not impacted in areas such as the transportation of goods through regional waters, External Affairs Minister S Jaishankar said.

The disruption of shipping in the Red Sea as a fallout of the Israel-Hamas conflict and its impact on trade with Europe is a “big concern” for India, he said while speaking at an event organised by the Associated Chambers of Commerce & Industry of India (Assocham).

“When people ask us today what is your interest in West Asia, we have a

very direct economic interest,” Jaishankar said “We want restraint, we want a cooling down, we want a ceasefire, and we want negotiations so that our economic interests are not threatened through shipping.”

India has tried to do its share to ensure the security of merchant shipping since the start of the IsraelHamas conflict in October last year, including the deployment of several w a r s h i p s i n r e g i o n a l w a t e r s .

“But nevertheless, what has happened is [a] sense of unease or risk,” he said.

“Enoughshipsgothitforthe shipping to start looking at alternative routes It is higher cost , it is greater time, it has disruptedlogistics,”headded

Jaishankar emphasised that a ceasefire and a “move away from what it has been for the last one year” would be of very direct economic consequence to India. “We have actually been in touch with all the major players, including Iran and Israel,” he said.

India has pushed for a complete cessation of hostilities and a return to dialogue and diplomacy to address the Israel-Hamas conflict as it walked a delicate line in balancing its burgeoning ties with Israel alongside long-standing trade and strategic relations with West Asian nations. Saudi Arabia and Iraq continue to be key suppliers of energy and West Asia is home to nearly nine million Indians.

$350 Million ADB loan to enhance India’s logistics sector and export competitiveness

MANILA: The Asian Development Bank (ADB) has approved a $350 million policy-based loan to support the Government of India’s wide-ranging reforms to strengthen and modernize the country’s logistics sector and a c h i e v e i n c r e a s e d e c o n o m i c competitiveness.

The loan will finance the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem Program, which supports the Government’s efforts to create a comprehensive policy, planning, and institutional framework at the federal, state, and city levels. This builds on reforms introduced during the first subprogram by institutionalizing policies to strengthen interagency coordination as well as standardizing processes to encourageprivatesectorinvestmentand improveoperationalefficiency

The development of India’s logistics sector is pivotal in enhancing the competitiveness of its manufacturing sector Through strategic policy reforms, infrastructural improvements, a n d d i g i t a l i n t e g r a t i o n , t h e government’s ongoing reforms are set to transform the logistics landscape This transformation will not only reduce costs and improve efficiency, but also create employment opportunities and

promote gender inclusion driving sustainable economic growth.

The Government of India has launched several strategic policies to address logistics sector constraints, including the Prime Minister Gati Shakti-National Master Plan (PMGSNMP) and the National Logistics Policy (NLP). These initiatives aim to improve infrastructure, streamline processes, and promote digitization ADB’s program supported India’s reform efforts, which have improved India’s ranking in the World Bank’s Logistics Performance Index and reduced logistics costs significantly. Key actions i n c l u d e t h e e s t a b l i s h m e n t o f institutional arrangements for logistics planning at the state and city levels, implementation of a grain storage plan, and adoption of green transition guidelines for inland waterways.

“The development of the logistics sector has a profound impact on the m a n u f a c t u r i n g s e c t o r ’ s competitiveness Improved logistics efficiency enhances supply chain resilience, reduces transaction costs, and boosts export competitiveness,” said ADB Senior Public Management Economist Sameer Khatiwada. “The integration of digital technologies and standardized processes facilitates

smoother movement of goods, which is crucial for manufacturing growth.”

From 2000 to 2022, India’s goods export increased from $48.5 billion to $467.5 billion while industrial exports grew from $39.6 billion to $317.4 billion. The gover nment aims to reach $2 trillion in exports of goods and services by 2030. The program is helping India achieve this target by enhancing productivity and transfer of goods and reducing logistics cost while contributing to the reduction of greenhouse gas emissions.

The logistics sector reforms are also expected to create substantial employment opportunities, both in urban and rural areas. The increased demand for skilled logistics workers, driven by private sector investments and process efficiency, will contribute to j o b c r e a t i o n A d d i t i o n a l l y, t h e digitization and automation of logistics processes will generate new types of employment, aligning with the evolving needs of the sector

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty Established in 1966, it is owned by 69 members—49 from the region.

RBI keeps repo rate unchanged at 6.5%, cuts CRR by 50 bps to 4%

MUMBAI: The Reserve Bank of India’s (RBI) announced its fifth bimonthly monetary policy of FY25, on December 6. The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta

Das decided by a 4 to 2 majority to keep the benchmark repo rate unchanged at 6 5% for the eleventh straight meeting, and maintain the monetary policy stance ‘Neutral’ and to remain unambiguously

focused on a durable alignment of inflation with the target, while supporting growth Moreover, the rate setting panel slashed the cash reserve ratio (CRR) by 50 basis points (bps) to 4%

Steel imports from China hit record high, latest data shows

NEW DELHI: India's finished steel imports from China reached an all-time high during the first seven months of the current financial year from April, according to provisional government data reviewed by Reuters, rattling hundreds of small Indian steel producers.

China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4% increase yearon-year, the data showed.

T h i s h a s e x a c e r b a t e d t h e deteriorating financial health of Indian steel producers struggling with cheap Chinese imports and

falling domestic prices despite robust demand driven by rapid economic growth and rising infrastructure spending in the world's fastest growing major economy.

China, the world's biggest steel producer, mostly shipped stainless steel, hot-rolled coils, galvanised sheets, plates and electrical sheets, among other grades during the period, the data showed.

India's overall finished steel imports surged to a seven-year high of 5 7 million metric tons during the April-October period.

Finished steel imports from Japan and Vietnam more than doubled

during the period, the data showed. China, South Korea and Japan accounted for 79% of total finished steel imports between April and October.

India's steel ministry has sought a 25% safeguard duty or a temporary tax for two years on flat-steel products to curb cheap Chinese imports, according to a letter seen by Reuters.

"There is a looming threat of huge increase in cheap imports from China," Sandeep Poundrik, the most senior civil servant at the Ministry of Steel said in a letter to his counterpart in the Trade Ministry, according to Reuters report.

India imposes Provisional Anti-Dumping Duties on solar glass from China and Vietnam

NEW DELHI: The Ministry of Finance has announced provisional anti-dumping duties on textured, tempered, coated, and uncoated solar glass imported from China and Vietnam.

The decision comes after a c o m p r e h e n s i v e p r e l i m i n a r y investigation conducted by the Directorate General of Trade Remedies (DGTR) in February, which uncovered evidence of dumping practicesinthesolarglassmarket. Preliminary findings revealed that solar glass was being exported

to India from China and Vietnam at prices below fair market value

The investigation determined that these imports significantly increased both in absolute terms and relative to domestic production and consumption, causing substantial material injury to the Indian domestic glass industry

The provisional anti-dumping duty will remain in effect for six months, with duty rates varying depending on the producer and country of origin

Importers will be required to pay

the duty in Indian currency, with the exchange rate calculated according to a separate Ministry of Finance notification

Solar glass, also known by various technical names including low iron solar glass and photovoltaic glass, is a critical component in solar m o d u l e s a n d s o l a r t h e r m a l applications.

This product plays a crucial role in renewable energy infrastructure, m a k i n g t h e t r a d e p r o t e c t i o n measure significant for India’s domestic manufacturing sector.

Gujarat leads in cargo handling; 581.63 MMT handled in 2023-24 across Major, Non-Major Ports

Cont’d. from Pg. 4

CRR cut to increase liquidity, help exporters get credit at easy terms: FIEO

NEW DELHI: The RBI's decision to cut Cash Reserve Ratio (CRR) will increase liquidity in the system, thereby helping exporters get credit at easy terms, FIEO said on Friday. Cash Reserve Ratio is the proportion of deposits that banks must keep with the central bank. The RBI has slashed CRR by 50 basis points to 4 per cent, effective in two tranches on December 14 and December 28.

Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said exporters are already facing challenges at liquidity front. "In such times, the CRR cut will help increase flow of money," he told reporters here.

The CRR cut will infuse Rs 1.16 lakh crore into the banking system and will soften short-term interest rates and can reduce the pressure on bank deposit rates.

FIEO has earlier stated that the declining bank credit to exporters will hurt the sector

While exports grew by 15 per cent in the rupee terms between 2021-22 and 2023-24, the outstanding credit in March 2024 dropped by 5 per cent over the same month in 2022, according to the apex exporters body.

FIEO President Ashwani Kumar said now the Government should consider extending interest equalisation (or subsidised) scheme for exporters for up to five years.

"Availability of credit will help us in increasing manufacturing and boosting exports So cost of credit should be reduced. It will be a major help to MSMEs in enhancing our competitiveness," Kumar said.

Sharing similar views, Hand Tool Association Chairman S C Ralhan said that global uncertainties have led to delay in payments.

"We need loans at affordable rates to increase shipments," Ralhan said.