GUJ-12-06-2023

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Asyad Line adds Jeddah to REX Freight Service

RIYADH: The Saudi Ports Authority (Mawani) has announced the addition of Jeddah Islamic Port to the REX shipping service operated by Asyad Line, a part of Oman’s global integrated logistics provider Asyad Group. Introduced in May, the new cargo route utilizes two vessels with a capacity of 2,800 TEUs to connect Jeddah to the ports of Nhava Sheva, Mundra, Salalah,andSokhna. Cont’d. Pg. 6

Gujarat Tops in Exports for 3 year in row..Refer Pg. 25

Allcargo Logistics completes acquisition of 30% stake from KWE in Gati subsidiary

Cont’d. from Pg. 4 The deal includes purchasing 1.3 lakh shares (26 percent) from KWE-Kintetsu World Express (S) and 20,000 shares (4 percent) from KWE KintetsuExpressIndia.

With the conclusion of this transaction, Allcargo, along with Gati, now holds 100% stakes in GKEPL and assumes complete control. The consummation of this transaction is along the line of the SPA signed between thepartiesearlierinMarch2023.

In addition to this, the company had earlier bought out minority stake of its partner in the contract logistics businessunderAllcargoSupplyChain.

Allcargo’s Contract logistics business is engaged in managing inventories and providing third party supply chain solutions to marquee Indian and international customersacrosschemical,auto,e-commerceandother industries.

These acquisitions are in line with the company’s strategy to sharpen the focus on high growth opportunities in express and contract logistics business inIndia.Thismovewillalsofacilitatesimplificationofthe

corporatestructure.Allcargoiswellpositionedtoderive synergies from contract logistics and express distribution.

Commenting on the development, Shashi Kiran Shetty, Founder & Chairman, Allcargo Group said, "It has been a fruitful association with KWE. The Share Purchase will offer Allcargo Logistics, along with its subsidiary Gati, full ownership and control and facilitate strategic decision-making in the company. This will help us enhance service delivery capabilities to make further progress and usher in the next phase of growth. Going forward,weexpectastrongersynergybetweencontract logistics and express distribution to further strengthen group’spositioninthedomesticlogisticsspace.”

Yasuyuki Tani, Regional Managing Director, Southeast Asia and Oceania Region, KWE said, "KWE as a group and more specifically KWE India shared excellent relationship with Gati and Gati-Kintetsu over the past 10 years. This relationship will now be more strategic partnerships in domestic logistics operations in India. As a international freight forwarder,willcontinuetoengagewithAllcargoGroupin various areas and explore new opportunities as it may presentinthefutureinIndiaandoverseas."

Asyad Line adds Jeddah to REX Freight Service

Cont’d. from Pg. 4

The latest call will boost Mawani’s aims to enhancethecompetitiveedgeoftheKingdom’s busiesthubanditscontaineroperatorsbesides expanding the Kingdom’s maritime connectivity and trade output in line with the objectives of the National Transport and LogisticsStrategy(NTLS).

With an eye on positioning Jeddah among the world’s top ten hubs, the Red Sea port is undergoing a series of infrastructure upgrades, which include the deepening of approach channels and turning basins, and building new berths, to enable greater maritime traffic and

bolster its best-in-class logistics offerings in support of the nation’s economic development and diversification drive.

Sarbananda Sonowal launches ‘SAGAR SAMRIDDHI’ to bring transparency & efficiency

NEW DELHI: Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush Shri Sarbananda Sonowal launched ‘SAGAR SAMRIDDHI’ - the online dredging monitoring system - in order to accelerate ‘Waste to Wealth’ initiative of the Ministry here today. SecretaryofMoPSWSudhanshPantalongwithothersenior officials of the Ministry, Major Ports and Organisations also attendedthisprogramme.

ThissystemhasbeendevelopedbyNationalTechnology Centre for Ports, Waterways and Coasts (NTCPWC) the technological arm of MoPSW. The new technology brings in marked improvement against the old system of Draft & Loading Monitor (DLM) system. The system will bring in synergy among multiple input reports like daily dredging report, the pre and post dredging survey data before processing and producing real time dredging report. The ‘Sagar Samriddhi’ monitoring system will also allow Daily and monthly progress Visualisation, Dredger performance and downtime monitoring, easy location track data with snapshot of loading, unloading and idle time. This system strengthens the Atmanirbhar Bharat and MakeinIndiavisionofPMModi.

Speaking on the occasion Shri Sonowal said, “Hon’ble Prime Minister Shri Narendra Modi gave us the mantra of ZERO DEFECT and ZERO EFFECT and MoPSW is following his vision. In the era of advanced technology, it is essential to apply technology for monitoring the system so that human error can be minimised. From now onwards the Major Ports would be able to utilise the Online Dredging Monitoring System and bring about significant change in project implementation and bring down cost of dredging through use of the dredged materials. This will help in environment sustainability and will bring down the operational costs of the ports, bringing in more transparencyandefficiency’.”

“The monitoring system is expected to enable better productivity,bettercontractmanagementandalsoeffective reuse of dredged material with waste to wealth concept”, said SudhanshPant,Secretary,MoPSW.

Capabilitiesof‘SagarSamriddhi’include:

1.Realtimedredgingprogressreport

2.DailyandmonthlyprogressVisualisation

3.Dredgerperformanceanddowntimemonitoring

4. Easy location track data with snapshot of loading, unloadingandidletime

To address the objective of carrying out dredging with essential technical investigation the MoPSW issued ‘DredgingGuidelinesforMajorPorts’in2021.TheDredging Guidelines outlined the procedure for planning and preparation, technical investigations, dredged material management,estimatingthecostofdredgingetc.,toenable the Major Ports to formulate the dredging projects in order to complete in time. In March 2023 Ministry issued Addendum to the Dredging Guidelines 2021 for Major Ports for disposal of dredged material by incorporating a necessaryprovisioninbiddingdocumentswhichwillhelpin reducing the dredging cost in form of 'Waste to Wealth’. Itoutlinesawiderangeofbeneficialuseofdredgedmaterial including engineering use for construction purposes, environmental enhancement including beach nourishment etc.tobringdownthecostofthedredging.

The annual maintenance dredging at Major Ports and Waterways is around 100 million cubic meters, for which about Rs.1000 crores are spent each year by the Ports and

IWAI. Now with implementation of the Addendum of the Dredging guidelines and by using the Sagar Samriddhi, online dredging monitoring system, the dredging cost will be greatly reduced along with bringing in more transparencyandefficiencyintheoverallsystem.

TheMIV2030enablespreparationofroadmapfortaking up projects including dredging projects. The MIV also envisages developing Major Ports as transshipment hubs wherever possible and increasing their capacity by way of deepening their channels and near berths. Hence, dredging requirement will increase during the next decade with deep draftPortsofmorethan18meters’draft.

Presently Cochin Port and Mumbai Port, have adopted thesystemandonNewMangalorePortandDeendayalPort it is running on trial basis. Now, MoPSW has mandated all Major Ports and lWAl to monitor the dredging activity through this system with customisation from NTCPWC. Accordingly, new dredgers will be using this system along with the old dredgers, which will be upgraded and equipped withthenewsystem.

The NTCPWC was established under the Sagarmala Programme of MoPSW with the total investment of Rs. 77 Crores at IIT Madras which was inaugurated by the Minister on 24th April 2023. The aim of the centre is to enable research & development for the marine sector, enabling solutions towards achieving the ultimate goal of building a robust marine industry in the country. This state-of-the-art centre has world class capabilities for undertaking the 2D & 3D investigations of research and consultancy nature for the Port, Coastal, and Waterways sector across all disciplines. Modelling of Ocean, determining the Coastal & Estuarine Flows, Sediment transport and morph dynamics, planning of Navigation and Manoeuvring, estimation of Dredging & Siltation, consultancy in Port and Coastal Engineering – designing the Structures and Breakwaters, Autonomous Platforms & vehicles, Experimental & CFD modelling of flow & Hull interaction, Hydrodynamics of multiple hulls, Ocean renewable energy coupled with port facilities are some of the areas where NTCPWC has already contributed to optimise capability of marine sector of India. The laboratories created are among the best in comparison with other International Labs in the specific domain.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 12/06/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

I.G.M. Nos. filed at Kandla Customs

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SAILED WITH EXPORT CARGO

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL (AICT)

ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL), MUNDRA

CONTAINER

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

NB The

OTHER PORTS OF GUJARAT

Robust trade finance ecosystem important to achieve

$2 trillion exports target by 2030: DGFT official

NEW DELHI: A robust and easy trade finance ecosystem is important for India to achieve the USD 2 trillion exports target by 2030, a senior Government official said recently. Additional Director General of Foreign Trade (DGFT) S C Aggarwal said easy availability of affordable trade finance helps promote export competitiveness.

TradersandtheGovernmenthave to work on issues like obtaining easy finance both for domestic and crossborder trade, he said. "A robust and easy trade finance ecosystem is very important for moving us to achieve thisgoal(ofUSD2trillion),"Aggarwal saidinNewDelhiatanevent.

India has set an ambitious target to take its total goods and services

exportstoUSD2trillionby2030.

According to the commerce ministry's data, exports of goods and services in 2022-23 rose 14.68 per cent to USD 775.87 billion as against USD 676.53billionin2021-22.

Hesuggestedtheindustrytofocus on how to make it easier to get the finance and ways to strengthen this ecosystem.

DGFT offices for investment, trade promotion only : Piyush Goyal

NEW DELHI: Commerce and Industry Minister Piyush Goyal recently said that the Directorate General of Foreign Trade (DGFT) offices will be only investment promotion and trade facilitation offices,andnotsortouttheday-to-day problemsofindustry.

The industry problems will be addressed through recorded

video conferencing.

Speaking at a Federation of Freight Forwarders Associations in India (FFFAI) event, he asked the industry to stop practices such as adding non-transparent and miscellaneous charges to their bills, try and break the queue or avoid qualityinspections.

He asked the industry to either

"participate in this journey of change andreformorleave".

"(We are) gradually moving everything out of the offices of DGFT. Everything will be only online. I think probably already most things-90 odd percent-are online," he said, adding that no one should pollute the environment by visiting the DGFT offices.

Quantum jump in the Export of electronic goods

NEW DELHI: Exports of Electronic goods witness a quantum jump of more than 400% from Rs 38,263 crores in 2014 to Rs 1,92,527 crores in January 2023. During FY2022-23(April-March)electronic goods exports were recorded at USD23.57billionascomparedtoUSD 15.66billionduring

FY 2021-22 (April-March), registering a substantive growth of 50.52%.

The National Policy on Electronics 2019 (NPE 2019) aims to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components and creating an enabling environment for the industry to compete globally. Four schemes namely the Production Linked Incentive Scheme (PLI) for

Large Scale Electronics Manufacturing, the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), Modified Electronics Manufacturing Clusters Scheme(EMC2.0),andthe Production Linked Incentive Scheme (PLI) for IT Hardware (2.0) have been introduced to boost to the electronics sector and establish the necessaryecosystem.

UP all set to emerge as India’s warehousing and logistic hub

LUCKNOW: The Uttar Pradesh Government is taking decisive steps to kickstart the proposed investment projects worth over Rs 35 lakh crore thatwereattractedtothestateduring the Global Investors Summit. In line with this effort, the government organised the Warehousing & LogisticsSummit2023inLucknow.

The Confederation of Indian Industry (CII) collaborated with the Uttar Pradesh State Industrial Development Authority (UPSIDA) to host the UP Warehousing & Logistics Summit 2023 at the CII office. The objective was to tap into the vast land bank of Uttar Pradesh and understand the intricacies of the recently introduced UP Warehouse and Logistics Policy 2023. Chief Minister Yogi Adityanath’s directive toestablishthestateasalogisticshub and boost exports prompted the introductionofthepolicy.

During the summit, discussions revolved around key challenges faced by the warehouse and logistics sectors, such as the shortage of skilled manpower, limited use of technology, and regulatory

infrastructure. Additionally, the panelists highlighted the advantages that UP offers for this sector, including a large land bank, an extensive network of highways and expressways, investment intents, a single window clearance policy, and a dedicated framework for the growth ofthewarehouseandlogisticssector.

Mayur Maheshwari, CEO of the UP State Industrial Development Authority, revealed that the warehouse and logistics sector in Uttar Pradesh alone received memorandum of understanding (MoU) proposals equivalent to 10 per cent of the total investment proposals during the Global Investor Summit. He also announced the upcoming establishment of a warehouse hub around the expressways, with Dadri in Gautam Buddha Nagar housing an 800-acre multimodal logistical hub that integrates land, water, and air transportation. He mentioned the existence of a single window clearance system for the sector on NiveshMitraPortal.

Akash Goenka, Chairman of the CII UP State Council, emphasised

the growing importance of the warehousing and logistics sector due to e-commerce growth, technological advancements, and the ‘Make in India’initiative.

Smita Agarwal, ViceChairperson of the CII UP State Council, expressed confidence in the Uttar Pradesh Warehousing and Logistics policy, emphasising its potential to contribute significantly to thestate’seconomicgrowth.

VikramJaisinghani,MD&CEO of Adani Logistics Limited, shared the company’s vision to construct over 60 million square feet of warehousing facilities across India, with 30,000 crore square feet planned forUPalone.

He expressed confidence in transforming the logistics and warehouse management in the state withthegovernment’ssupport.

The summit featured technical sessions on Logistics & Warehousing —TheNextBigRevolutioninUPand Green Logistics and Sustainable Supply Chain Management. More than 120 representatives attendedthesummit.

1. The maximum permissible draft in the channel is 14.50 m. However, maximum permissible drafts at individual Berths, moorings and anchorages will applyseparately

2. Container vessel upto 330 m can be handled with a draft of 14.0 m, subject to availability of tide. For other cargo ships with LOA more than 270 m, can be brought inside to Kandla creek under special conditions.

3. a. Ships and tankers exceeding 225.5 m will have a minimum under keel clearance of 1.2m

b. Berthing of vessels beyond 225.5 m in length shall be done between panels 52 to 85 of Cargo Jetties

4. Ships and tankers having maneuverable speed of less than 9 knots through water will not be moved in and out of Kandla Port during dark hours. However, this condition is not applicable to Tugs/Barges

5. Night Pilotage is restricted to vessels beyond 240 m of length. However, vessels in Ballast upto LOA 270 m can sail at night when berth in Flood.

6. Berthing and un-berthing vessels and tankers to Buoy moorings will be restricted to daylight hours only

7. Vessel will not be permitted to anchor at Kandla Creek inner anchorage except in case of emergency

8. Minimum tide of 6.4 m is required for handling vessels with draft 14.5 m.

9. Vessels with a departure draught of 10.5 m. or more should be brought starboard side alongside on the flood tide as far as possible to prevent delay in sailing to await change of tide. In case the vessel is portside alongside due to any reason, she may be turned around to face the flood during the stay at berth whenever practical.

10.The draught, length and DWT etc. at various berths are given below. The draught shown at various berths are indicated for the chart datum depth unless stated otherwise-

i. Oil Jetty No.1 Oil Tankers drawing upto 10.6 m draught with LOA upto 185 m and DWT upto65,000 tonnes.

ii. Oil Jetty No.2 Tankers upto LOA183 m, DWT upto 52,000 tonnes and maximum draught of 10.3m shall be allowed for berthing.

iii. Oil Jetty No. 3 a. Tankers drawing upto 10.6 m LOA upto 213.4m and DWT upto 40,000 tonnes.

b. If a tanker of 213 m is berthed at Oil Jetty No. 2, the length of the vessel at Oil Jetty No. 3 shall not exceed 183m

iv Oil Jetty No. 4 Oil tankers drawing upto 10.70m draught LOA upto 216 m and DWT upto 56,000 tonnes are permissible.

v. IFFCO Jetty Tankers upto LOA 216m, DWT 45,000 tonnes with the draught of 9.5 m shall be permitted for berthing. Additional advantage of upto a maximum draught of 10.7 m shall be allowed depending upon the height of next low water

vi. Oil Jetty No. 6 (IOCL) Ships drawingupto 10.1m draught, LOA upto 216 m and DWT upto 45,000 tonnes shall be permitted.

NOTE: The draught at Oil Berths are available at minimum tide. However, higher draughts upto a maximum of 10.4 m unless mentioned otherwise may be allowed upon an undertaking that the draught of the vessel will be reduced to the permissible draught of the berth before the next low water. This will be on individual cases depending on the tide of the day

10. Cargo Berths THE PERMISSIBLE DRAFT AND DEAD-WEIGHT BERTH-WISE AT CARGO JETTY AT DEENDAYAL PORT ARE AS UNDER :

NOTE : Suitable tidal benefit over the permissible draft at Cargo Jetties will be provided subject to not exceeding the permissible draft of channel and agent given undertaking that draft will be reduced to berths permissible draft prior next low water

Deendayal Port Authority holds 2nd Board Meeting of 2022-23

GANDHIDHAM:

The second meeting of the Board of Deendayal Port Authority, of 2022-23 was held on 09-062023.ThefollowingMembers,apartfrom Shri Sanjay K. Mehta, IFS the Chairman, attended the meeting under the chairmanshipofChairman-DPA:

1) Shri Nandeesh Shukla, IRTS, Dy.Chairman-DPA

2) Shri Talla Venkata Ravi, IRS, CommissionerofCustoms,Rep.DepttofRevenue.

3) Shri Narendra A. Patil, IRTS, Chief Freight Transportation Manager, Rep.MinistryofRailways.(VIRTUALLY)

4) Comd. Nitin Bishnoi, Naval Officer-in-charge, Porbander.Rep.MinistryofDefence.(VIRTUALLY)

Shri S.K. Mehta, IFS, Chairman, Shri Nandeesh Shukla, IRTS, Dy. Chairman, Shri T.V. Ravi, IRS, Commissioner-CustomsalongwithotherBoardMembers, HoDs & Senior Officials of DPA paid condolences to the peoplewholosttheirlivesinCyclonethathitKandlaon9th June 1998 on completion of 25 years, before starting the boardmeeting.

The following important items, inter alia, were consideredbytheBoard:-

• Allotmentofplotstosuccessfulbiddersaspertheterms and conditions of accepted tender for the work of E-Tender-Cum- E-Auction for allotment of 06 nos. of plots for the purpose of Godowns/Warehouses situated atKandlaon30yearsleaseonasiswhereisbasis.

• (1)“Development of container terminal at Tuna Tekra, Deendayal Port on BOT basis under PPP mode” and

(2) “Development of multipurpose cargo berth off Tuna Tekra outside Kandla creek at Kandla on BOT basis underPPPmode”

• Approval of Estimate & DTPS for global tender for the work of “Engineering, Procurement and Construction for Development of Mechanized Fertilizer and other clean cargo handling facility at Berth no.14 in DeendayalPort,Kandla”

• “Development of multipurpose cargo berth off Tuna Tekra outside Kandla Creek at Kandla on BOT basis underPPPmode”

• Maintenance Dredging at underneath/ periphery of landingpontoonofRo-paxfacilityatDahejterminalfor 12months.

• “Design, Supply, installation, testing & commissioning along with Comprehensive Operation & Maintenance foraperiodofFiveYearsof02Nos.ColumnTypeVessel access telescopic gangway system at Oil Jetty No. 07 and08ofDPA”

• Design, Supply, Installation, Testing & Commissioning of Fire-Fighting System and associated facilities including operation & maintenance for a period of five years as per OISD-156 at Oil Jetty no. 08 Kandla, ofDeendayalPortAuthority.”

• Approval of waiver of Penal Berth Hire charges for vesselssuspendedloadingoperationofwheatcargo.

• “MechanizationofBulkCargoHandlingatBerthNos.8 and 9 of DPA” under Phase-I of ‘Mechanization of Bulk CargoHandlingatDPA

• Development of Oil Jetty to handle Liquid Cargo and Ship Bunkering Facilities at Old Kandla –Event of DefaultonpartoftheConcessionaire.

• Proposal for approval of “advance funds for the development of galleries in the National Maritime HeritageComplex(NMHC)projectatLothal,Gujarat”

• E-tender cum E-auction for allotment of 03 nos. of plots (with structure) situated at Kandla for the purpose of storage of edible oil on 30 years lease on as is where is basis as per the provisions of the Land Policy Guidelines,2014.

• E-tender cum E-auction for allotment of 05 nos. of plots (with structure) situated at Old Kandla for the purpose of liquid storage tanks (products permitted in the earlier lease deed) on 30 years lease on as is where is basis. as per the provisions of the Land Policy Guidelines,2015.

• E-Tender cum e-auction for allotment of 03 nos. Of plots (with structure) situated at Old Kandla for the purpose of liquid storage tanks (products permitted in the earlierallotmentletter)on30yearsleaseonasiswhere is basis as per the provisions of the Land Policy Guidelines,2015.

• E-Tender cum E-Auction for allotment 2 nos. Plots at Old Kandla for the purpose of liquid storage tank on 30 years lease on as is where is basis as per the provisionsoftheLandPolicyGuidelines,2015.

• Procurementof02Nos.“GreenHybridTugs” Board Meeting was held in a very cordial atmosphere and the Port’s overall development was the main focus of deliberations.

Q1-2023 EBIT drops 81% YoY to USD 7bn : Sea-Intelligence

COPENHAGEN: There were indications of a weakness in the market in the second half of 2022, whichhasmanifestedfullyin2023-Q1. Revenues declined quite sharply, in the range of 35%-70% Y/Y. In terms of EBIT, there was a stark difference for 2023-Q1 versus the previous two years. Overall, 2023-Q1 EBIT was USD 7.00bn versus a staggering USD 43.93bn in 2022-Q1, and even lower than the USD 16.28bn EBIT of 2021Q1. That said, it is still markedly higher than the USD 621M EBIT of 2019-Q1. In fact, the combined EBIT drop Y/Y was a staggering -81.0% (acrossthesamesetofcarriers).

This can also be seen in the EBIT/TEU figures, where none of the shippinglineswereableto sustain their 2022-Q1 EBIT/TEU figures into 2023. On average, the shipping lines recorded EBIT/TEU of 330 USD/TEU in 2023-Q1, down 81% from 2022-Q1’saverageof1,829USD/TEU,but still vastly above the just 53 USD/TEU averageof2010-2021.

The only silver lining, if you can even call it that, is that while Y/Y comparisons with 2022-Q1 will show a horrifying picture due to the

unnaturally high numbers in that year,therealityisthattheprofitability of the shipping lines has increased considerably compared to the prepandemic levels, and looking at the current market indicators, it does not seemthattheshippinglinesaregoing to drop back down to those low levels intheshortterm.

m.v. “MSC NASSAU” Voy : OM323R

I.G.M. NO. 2345990 (EDI) Dtd. 07-06-2023 Exch Rate 84.98

The above vessel has arrived on 08-06-2023 at MUNDRA PORT with Import cargo from BEIRA. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

MUNDRA

Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. and usual survey conditions will apply.Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.

- Charges enquiry on land line - 619100

- IGM No./Item No./Destuffing point enquiries can also be done at our computerized helpline No.(079) 40072804

As Agents :

MSC AGENCY (INDIA) PRIVATE LIMITED

Gandhidham : Siddhi Vinayak Complex, Plot No. 1, Office No. 201-208, 2nd Floor, Ward - 6, Near Rotary Circle, Gandhidham - Kutch 370 201 Gujarat India. Tel : +91-2836-619100 to 616100 (Board)

E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com

H. O. & Regd. Office : MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400 059 Tel : +91-22-66378000, Fax : +91-22-66378192, E-mail : IN363-comm.mumbai@msc.com • www.msc.com

NOTICE TO CONSIGNEES

The

MUNDRA Item No. B/L No. 1 MEDUBH268238

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 :

above vessel has arrived on 08-06-2023 at MUNDRA PORT with Import cargo from BAHRAIN. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

RBI MPC meeting: Policy rate unchanged with Real GDP growth for FY24 projected at 6.5%

MUMBAI: At the end of the June 2023 Monetary Policy Committee (MPC) meeting on Thursday, 8th June, the Reserve Bank of India Governor Shaktikanta Das announced that real GDP growth for FY24 has been projected at 6.5% — first quarter at 8% , second quarter at 6.5%, third quarter at 6% and fourth quarterat5.7%.

Domestic demand conditions remain supportive of growth, the Governor said. Rural demand is growing while urban demand remainsresilient,headded.

In the run-up to the MPC's latest meeting, leading forecasters projected the numbers in the range of 5.5% to 6.3% — OECD saw FY24 real GDPat6%,theWorldBankat6.3%,JP Morganat5.5%andUBSat6.2%.

The MPC, at its meeting, unanimously decided to keep the policy rate unchanged at 6.5 per cent,

Das announced. It was a status quo at theprevious(April)too.

The committee also decided to focus on withdrawal of accommodative, with a 5-1 vote in favourofthisstance,Dasinformed.

The MPC in its February meeting hadpeggedrealGDPgrowthforFY24 at 6.4%. The first advance estimate peggedFY23GDPgrowthat7%.

The Indian economy had clocked Q4 GDP print of 6.1% in March quarter (Q4). This stronger-thanexpected performance lifted India's growth to 7.2% in FY23. It exceeded the 7% growth cited in the second advance estimates released in February.

In Q4, GDP growth also increased sequentially from the (revised) 4.5% in the comparable quarter last year. The stellar performance helped India retain its status as the fastestgrowingmajoreconomyintheworld.

Maintaining status quo in policy

The economy had grown 9.1% in FY22. That, however, was on a lower base of a Covid-ravaged FY21. The strong growth makes India the fastest-growing major economy again.

Mr. Rajiv Agarwal, MD & CEO, Essar Ports in his reaction said, “Today’s announcement of the RBI Monetary Policy is a result of the overall positive outlook of the Indian economy and that the inflation is under control. This reflects that India has decoupled from the rest of the world in terms of inflation and growth rates. We should expect a downward reduction in the rates in coming times.”

rates by RBI, to further provide boost

growth momentum and contain inflation: Dr A Sakthivel, President,

NEW DELHI: Reacting to RBI’s policy rates being kept unchanged at 6.5%, goes to show the resolve of the Reserve Bank of India to further provide growth momentum to the economy and contain inflation, said Dr A Sakthivel, President, FIEO. WithUSFedalsoexpectedtokeeptheir policy rates unchanged, the trade and industry was of the view that RBI will continue to follow the same path of maintaining the status quo on policy rates front, added Dr Sakthivel. RBI feels that the MPC decision is focused towards the objective of achieving medium-termtargetofconsumerprice index (CPI)inflationof 4 percentwithin

abandof+/-2percent,whilesupporting growth,reiteratedFIEOChief.

The decision to keep policy rate unchanged will further give boost to growth through increasing investments. While most Central banks have given more weightage to inflation as compared to growth, RBI stroke a nice balance between the two, giving primacy to growth, thereby maintaining the GDP growth forecastforFY24at6.5percent.

President, FIEO said that the increasing investment will lead to further production and easing of supply thus reducing inflation in coming months. Dr A Sakthivel also

to

FIEO

added that the status quo in rates will help exporting community, whose cost of credit has gone up substantially due to upward revision in rate during last one and half year leading to the demand to increase the interestsubventionfrom2%and3%to 3% and 5% respectively. The resilient external sector growth backed by financial sector push has further giventhrusttotheeconomy.

Dr Sakthivel said that our goods and services exports will touch US$ 900 Bn in 2023-24, exhibiting a growth of about 15% growth, which is a huge achievement looking at the current globalchallenges.

US Container imports leave the pandemic behind

WATWERLOO:UScontainerimport volumes continued to track closely with 2019 levels in May 2023, falling well belowinflated2021and2022volumes.

According to a report from Descartes, May 2023 US container imports were 2.1 mn TEU, up 3.8% on April 2023 volumes. The figure was 20% lower than May 2022, but 0.5% above May 2019; 2023 volumes have so far tracked2019levelswithina1.3%margin forJanuarythroughMay.

Among the top 10 US container ports, Tacoma had the largest proportional on-month increase in imports, up 33.3%, while in TEU terms, LA had the largest increase, up 56,226 TEUon-month.

Across the top 10 ports, imports were up 68,742 overall compared to April 2023, although only half of the ports recorded an increase in volumes. Long Beach, Savannah and Houston all recorded drops of around 6,000 TEU, there was a 1,100 TEU drop at Charleston and a 4,900 TEUdropatBaltimore.

The five largest West Coast ports took 41.5% of US imports, while the top East Coast and Gulf Coast ports took 42.8%,anincreaseof1.8%forWestCoast ports and drop of 1.2% for the East and Gulf Coasts. Port transit times increased across all of the top 10 US ports in May, compared to April, reachingfiguressimilartothoseseenat theendof2022,saidDescartes.

The company further warned that the return of Asia-origin container to the West Coast ports could be delayed bytheongoingnegotiationswithunions, and the actions by workers that are impactingcontainerprocessing.

China continued to account for over a third of US container imports in May, with 780,684 TEU, up 5.1% on month. The figure represented 37.2% of US box imports coming from China, up 0.4% fromApril2023.

China topped the list of container origins and the had the largest increase in imports on-month, followed by Vietnam. Imports from Japan slipped 14.3% due to the Golden Week holiday in earlyMay.

Mr. RajivAgarwal

“SEAMAX WESTPORT” V-11E

The above vessel is arriving at PIPAVAV PORT on 13-06-2023 with Import Cargo in containers.

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

As Agents :

STAR SHIPPING SERVICES (INDIA) PVT. LTD.

First Floor, Plot No.86, Sector 1A, Near Quality Enterprises Hero Showroom, Gandhidham - Kutch, Gujarat - 370201

Tel: (0091-2836) 229543 235282 235283 235383, Fax: (0091-2836) 230433

Export Marketing Queries: Mr. Parmar Devendra - 9824413365, E-mail: parmar.devendra@zim.com Mr. Trinath Pal 9824504315 Email:pal.trinath@zim.com

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The above vessel is arriving at PIPAVAV PORT on 16-06-2023 with Import Cargo in containers.

—1

Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

PSA Chennai celebrates 10 million TEUs Milestone

CHENNAI: PSA Chennai, which commenced operations in 2009, recently achieved a significant milestone by handling 10 million TEUs in May 2023. Despite facing fierce competition from neighboring terminals and private ports, PSA Chennai consistently performed well due to its state-of-the-art infrastructure and exceptional customer service. The terminal’s success was also recognized by the industry through multiple Export Import achievement awards and winning the prestigious Southeast Cargo and Logistics Awards-ContainerTerminaloftheYearinmultipleyears from2013to2022.

Looking ahead PSA Chennai has outlined its visions to enhance its customer base, expand its services, and solidifyitspositionasaleadingcontainerterminalinthe region by attracting new services from Shipping Lines and migrating volumes from leading Beneficial Cargo Owners (BCOs) in the region and nearby states. The emphasis will be on developing rail connectivity to connect all major Inland Container Depots (ICDs) from PSAChennai.

Mr. Deep Kishore Reddy, CEO of PSA Chennai,

expressedhisgratitudetowardsallthestakeholdersand the entire PSA Chennai team for their valuable contributions in achieving a significant milestone despite operating in an exceptionally challenging environment. He specifically commended the team for their outstanding service levels, which played a crucial roleinthecompany’sgrowth.

Mr.GobuSelliaya,-CEOofPSAIndia, attendedthe 10 million TEU accomplishment celebrations at PSA Chennai. He expressed his appreciation to the entire Chennai team for their momentous achievement andcommendedtheteamforovercomingthechallenges and hurdles to achieve this milestone. He congratulated theteamandencouragedthemtobuildonthissuccessto continue serving the industry with the highest standards.

PESB picks Sanjay Swarup as next CMD of CONCOR

NEW DELHI: The Public Enterprises Selection Board (PESB) has picked Sanjay Swarup for the role of Chairman and Managing Director of Container Corporation of India Ltd (CONCOR). Swarup is currently Director (InternationalMarketingandOperations)atIndia’sbiggest rail hauler of containers. Swarup was selected from a short listofeightcandidates,sixofwhomwerefromCONCOR.

Sanjay Swarup has been recommended for the post of Chairman and Managing Director, CONCOR, the PESB saidonitswebsiteafteraninterviewheldonWednesday.

PESB’srecommendationwillhavetobesignedoffbythe Appointments Committee of the Cabinet (ACC). Swarup is an Indian Railways Traffic Service (IRTS) officer from the 1990 batch. In a career spanning three decades, Swarup has held assignments in the public sector and Government. He had a four-year stint with Bharat Heavy Electricals Ltd (BHEL) before moving to Indian Railways and worked in areas such as operations, commercial, safety and informationtechnology.

In CONCOR, he has looked after operation and

management of dry ports, international marketing, commercial and operations. He has been involved in the designing of dry ports and multi modal logistics parks, as well as strategic planning functions in thecompany.

Swarup holds a B. E. (Hons) –Electronics and Communications Engineering – from IIT Roorkee and PGDM (Public Policy andManagement)fromIIMBangalore.

He is also a life member of the Chartered Institute of Logistics and Transport, Asian Institute of Transport Development, Centre for Transportation Research and ManagementandAllIndiaManagementAssociation.

V Kalyana Rama, the incumbent CMD, will set down from the role on 30 September. CONCOR has been lined up for privatisation by the government but the formal process isyettostart.

Gujarat Tops in Exports for 3 year in row

AHMEDABAD: For the third consecutive financial year, Gujarat has remained the top exporter of India. For 2022-23, Gujarat’s total exports have been pegged at Rs 12 lakh crore, which is 27% higher than the exports made in 2021-22. Gujarat’s share in India’s total exports remained 33%in2022-23.Itwas30%in2021-22.

In fact Maharashtra was earlier the highest exporter in and Gujarat was in second position. However, in 2020-21, Gujarat overtook with a narrow margin but thereafter the gap has increased and Gujarat has left Maharashtra far behind.

An official of Director General of Foreign Trade (DGFT) said after the full implementation of GST, they get accurate figures of export from all states. “In 2020-21, we started gettingaccuratedatafromthestatesbutthatyeartheworld was under Covid-induced lockdown. Thereafter, Gujarat’s exportfiguresjumpedover100%,’’theofficialsaid.

ExporterssaythemajorcontributiontoGujarat’sexport figures is petroleum products. Because of the war between Russia and Ukraine, there is a significant rise in India’s import of crude from Russia and export of refined petroleum products. India’s export of petroleum products increased more than 60% in last financial year and Gujarat wasthemajorcontributor.

Among the other major exporting items are ceramics, pharma, engineering goods, jems and jewellery, and chemicals. After implementation of GST, many Surat-based diamond units have started exporting from Surat instead of doingitfromMumbaiwheretheyhavetheiroffices.

A leading ceramic exporter from Morbi said the weak rupee against dollar also helped exporters in offering competitive rates in the international markets. “We could reduce our margins to give a tough fight to our competitors andithelpedusingettingmoreorders,”saidAnilDetroja.

Mr. Sanjay Swarup