GUJ-13-05-2024

: (022)22661756 / 1422, 22691407

: (079) 26569995, E-Mail:dstgujarat@gmail.com

: (02836)222665/225790, E-Mail:dstimeskdl@gmail.com

CULINES enhances VGX service with Direct

Singapore/Indonesia to West Coast - India & Middle East

SHANGHAI: CULINES has enhanced its V G X s e r v i c e w i t h D i r e c t c o v e r a g e f r o m Singapore/Indonesia to West Coast - India & Middle East, informs a recent communique from CULINES.

“The revamped VGX service will commence on 16th May from Laem Chabang, Thailand and on 19th May from Cai Mep, Vietnam and 21st May from

Tg Priok, Jakarta. The revamp service posses with 11 vessels of sizing ranging from 4,500 to 5,500 TEU on a 77-days round voyage. The new VGX service rotation will enhance the service coverage and provide a fast transit between Southeast Asia and India/Middle East.”

TH Loop – ZHONG GU SHEN YANG v2420 eta LCH 16 May 2024.

VN/ID Loop – ESL KABIR v2420 ETA HCM 19 May 2024, ETS JKT 21 May 2024.

Cont’d Pg. 6

Emirates Shipping Line (ESL) revamps Southeast Asia service, VGI

The launch of the Southeast Asia Gulf India (SGI) service marks ESL’s expansion into Indonesia.

SINGAPORE: Emirates Shipping Line (ESL) is pleased to announce the launch of the Southeast Asia Gulf India (SGI) service, revamped from the previous VGI service The new butterfly service provides direct connectivity between Southeast Asia, India, and the Middle East

Cont’d Pg. 6 Commerce Ministry considering new Export markets as Trade with traditional partners declines Refer Pg. 15

CULINES enhances VGX service with Direct coverage from Singapore/Indonesia to West Coast - India & Middle East

Cont’d from Pg. 2

The main features o f t h e n e w V G X service are:

From Thailand / Singapore / Malaysia & Vietnam / Indonesia / MalaysiaDirect Service to India and Middle East Fast connection between West Coast of India and the Middle East

Additional Indonesia, Singapore and Mundra call.

Direct Reefer service from Vietnam, Thailand, Indonesia and Malaysia to West coast India and Middle East in both directions.

Emirates Shipping Line (ESL) revamps Southeast Asia service, VGI

Cont’d. from Pg. 2

The first loop of the butterfly service covers Laem Chabang – Singapore – Port Klang –Nhava Sheva – Jebel Ali – Dammam – Nhava Sheva –Port Klang. The second rotation covers Port Klang –Cai Mep – Jakarta – Port Klang – Mundra – Jebel Ali –Dammam – Mundra – Port Klang – Laem Chabang.

The maiden voyages will depart from Laem Chabang

on 16th May and from Cai Mep on 19th May

Coverage within Southeast Asia and the India has increased with the addition of Singapore, Jakarta and Mundra to the service rotation.

Most notably, the call at Jakarta marks ESL’s expansion into the Indonesian market. The country presents immense potential, with a positive macroeconomic outlook, and a strong domestic market.

Devki Nandan of JSW Infrastructure takes over as President of IPPTA

MUMBAI: The Management Committee of Indian Private Ports and Terminals Association (IPPTA) has been reconstituted in the 23rd AGM held at Mumbai on 8th May 2024. The following have been elected as the New Office Bearers of the Association:

(I) Mr Devki Nandan, Sr Executive Vice President and Head (Business Development and M&A) of JSW Infra as President

(ii) Capt Ravinder Johal, Group COO of DP World as Vice President

(iii) Mr C Sateesh Kumar, CEO of Vizag General Cargo Berth (VGCB) as Secretary

(iv) Mr Senthil Kumar Subramanian, CEO of Dakshin Bharat Gateway Terminal Pvt Ltd (DBGT) as Treasurer

In addition, Mr Sunay Mukerjee, COO of Gateway terminals of India Pvt Ltd (APM Terminals), Mr DK Nanda, Chief- CHA&IL and Commercial & Contract Management.of TMILL and Capt Sudeep Banerjee, Dy COO of Visakha Container Terminal Pvt Ltd have been nominated as Executive Members on the Management Committee.

IPPTA would like to place on record the valuable contributions made by the outgoing Management Committee headed by Mr Kevin D’Souza of DP World.

Mr Devki Nandan, said “It is a privilege and honour to serve as a President of the Association. As the new India requires new age solutions, the upcoming years promise to be exciting for the Indian Port Sector, with significant

incorporate cutting-edge technology, capacity building, and adopt the best international standards. We pledge our unwavering assistance to the Government in developing and implementing policies regarding private sector contribution in the port sector to achieve the goals of Maritime India Vision 2030 & Maritime Amrit Kall Vision 2047, and make India as a growth engine for the world. We as an industry, have a huge responsibility to shape the future in a meaningful and impactful manner.”

IPPTA is the apex body set up in the year 2003 that represents the interests of the private ports and PPP terminals in India. IPPTA represents the views of its Members to Government, regulatory bodies, other industry associations and stakeholders Its members include prominent national and international players who brought in substantial investments, state-of-the-art technology, and international best practices to the Indian port sector IPPTA has been playing a prominent role in assisting the Government in the formulation and implementation of policies relating to private sector participation in port sector IPPTA works with all stakeholders to identify ways in which the industry may best serve the interests of India’s fast-growing economy and to ensure that private ports and PPP Terminals play a major role in developing the country’s port and logistics policies.

Mr Devki Nandan

SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT

TODAY’S TIDE 13/05/2024

Cargo Steamer's Agent's ETD

Jetty Name Name

CJ-I Everest BS Shpg. 22/05

CJ-II Nord Vind Interocean 16/05

CJ-III Binnur C ACT Infra 17/05

CJ-IV Future ID DBC 15/05

CJ-V African Pelican DBC 16/05

CJ-VI Lotus 6 Sea Link 15/05

CJ-VII Stefanos Benline 14/05

CJ-VIII VACANT

CJ-IX Atlantic B Delta Waterways 18/05

CJ-X VACANT

CJ-XI Express Argentina Hapag Llyod 14/05

CJ-XII Safeen Power ULSSL 14/05

CJ-XIII African Starling Mihir & Co. 15/05

CJ-XIV Glovis Mermaid Chowgule Bros 16/05

CJ-XV DL Tulip Synergy 16/05

CJ-XVA Michelia Trueblue 17/05

CJ-XVI Norse Houston Mihir & Co. 18/05

TUNA VESSEL'S NAME AGENT'S NAME ETD

Marathassa Avantika Shpg 14/05 Kenzen Seascape 14/05

OIL JETTY VESSEL'S NAME AGENT'S NAME ETD

OJ-I Kruibeke Seaworld 14/05

OJ-II Crystal Voyage

OJ-III Delong Samudra 14/05

OJ-IV Beagle

OJ-V MAC Jakarta Scorpio shpg. 14/05

OJ-VI Coronet J M Baxi 14/05

OJ-VII Nord Jewel GAC Shpg. 14/05

Qing Hua Shan 10/05

MP Ultramax 1 10/05 China

BBC Sebastopol 10/05 USA

AS Alexandria 11/05 Jebel Ali

Besiktas M 11/05 Italy

Yangtze Alpha 12/05

VESSELS IN PORT & DUE FOR EXPORT LOADING

Stream Aegir Selmer ACT Infra Mina Saqr

15/05 Atriculate

T HS 2024051120 Kaolin/Kaolin/Feldpar

VESSELS

CJ-V African Pelican DBC

GENERAL CARGO VESSELS

CJ-IX Atlantic B Delta Waterways

CJ-XV DL Tulip Synergy

2024051030

2024051009

Logs 2024051082 14/05 Han Zhi J M Baxi China

Tuna Kenzen Seascape

CJ-VI Lotus 6 Sea Link

17/05 Ocean Tianbo Tauras

2024051103

2024051131

MOP 2024051074 Tuna Marathassa Avantika Shpg.

CJ-XVI Norse Houston Mihir & Co. Uruguay

CJ-VII Stefanos Benline

in Bulk 2024041379

CBM Pine Logs 2024051085

2024051076 Stream Vittoria Benline

18/05 Yangtze Brightness J M Baxi

2024041232

5,554/15,481/3,075/359/199/38T 2024051072 HRC/S.Plates/S.Pipes/CRC/Drill MCH./ Excavator/Iron Box/Ball Crusher 14/05 Zhe Hai 1 DBC Austraila 32,874 JAS Aus Logs 2024051094

LIQUID CARGO VESSELS

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

DP WORLD MUNDRA

AFRICAN PORTS

Maersk Cabo Verde 420S 4041654 Maerssk Line Maersk India Port Casina, Mombasa (MAWINGU)

19/05-PM Maersk Cardiff 420W 4051655 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)

TO LOAD FOR FAR EAST JAPAN, CHINESE PORTS & AUSTRALIAN PORTS

In Port —/— Grace Bridge 2403 4041649 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)

14/05-PM Jeju Island 2403 4051576 Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16)

15/05 14/05-PM X-Press Cassiopeia 24019E 4041689 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 16/05 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)

20/05-AM Terataki 2407 4041471 Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (FEX) 21/05

TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1) TO LOAD FOR INDIAN SUB CONTINENT

In Port —/— Grace Bridge 2403 4041649 Global Feeder Sima Marine Karachi (CSC)

20/05 19/05-PM Maersk Cardiff 420W 4051655 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA) 21/05 TBA Asyad Line Seabridge Marine Karachi (REX)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

In Port Grace Bridge (V-2403) 4041649 MBK Logistix Nhava Sheva 13/05 Jeju Island (V-2403) 4051576 Wan Hai

Norderney (V-84) Nhava Sheva 08-05-2024 X-Press Mekong(V-24004M) Nhava Sheva 09-05-2024 Maersk Cape Town (V-419S) Salalah 11-05-2024

ADANI CMA MUNDRA

SOUTH & WEST AFRICAN PORTS

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

PIPAVAV PORT

17/05 16/05-1800 Maersk Columbus 419W 24156 Maersk Line Maersk India Algeciras

24/05 23/05-1800 Maersk Denver 420W 24165

TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS

14/05 14/05-1500 Yong Shun 999E 24169 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 15/05 15/05 15/05-14:30 Clemens Schulte 032E 24155 ONE ONE (India) (TIP)

20/05 19/05-1800 Cap Andreas 011E 24164

15/05 15/05-0500 X-Press Phoenix 24020E 24163 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 16/05 22/05 22/05-0500 Bux Wave 421E 24167 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 23/05 29/05 29/05-0500 GSL Nicoletta 422E 24176 Sinokor / Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan 30/05 16/05 16/05-0900 Seamax Stratford 129E 24137 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 17/05 16/05 16/05-0900 Xin Da Yang Zhou 093E 24157 Gold Star / RCL Star Shpg/RCL Ag. (CIXA)

17/05

23/05 22/05-1900 Torrance 27E 24172 24/05 17/05 17/05-0500 One Competence 090E 24160 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 18/05

22/05 22/05-0500 One Hangzhou Bay 055E 24170 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 23/05 17/05 17/05-2200 Xin Hongkong 070E 24148 COSCO COSCO Shpg. Singapor, Cai Mep,Hongkong, Shanghai,Ningbo,Shekou, Nansha (CI1) 18/05 TO LOAD FOR WEST ASIA GULF, RED SEA & EAST

AFRICAN PORTS

14/05 14/05-0100 SM Neyyar 419E 24166 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)

21/05 21/05-0300 Seaspan Jakarta 420E 24168 22/05 17/05 16/05-1800 Maersk Columbus 419W 24156 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 18/05 TO LOAD FOR

INDIAN SUB CONTINENT PORTS & COASTAL SERVICE

14/05 14/05-0600 SCI Chennai 2404 24161 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE)

14/05 14/05-1500 Yong Shun 999E 24169 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo.

15/05 15/05-14:30 Clemens Schulte 032E 24155 ONE ONE (India) (TIP)

15/05 15/05-0500 X-Press Phoenix 24020E 24163 Maersk Line Maersk India Colombo. (NWX)

16/05 16/05-0900 Seamax Stratford 129E 24137 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)

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

22/05 22/05-1800 SSL Godavari 027 24174 SLSSLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 23/05 24/05 24/05-0600 Mogral 0082 24173 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 25/05 Krishnapatanam, Cochin, Mundra. (CCG)

TO

LOAD FOR US & CANADA WEST COAST

14/05 14/05-1500 Yong Shun 999E 24169 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 15/05 15/05 15/05-14:30 Clemens Schulte 032E 24155 ONE ONE (India) Norforlk, Charleston, Halifax. (TIP)

17/05 16/05-1800 Maersk Columbus 419W 24156 Maersk Line Maersk Line India Newark, Charleston, Savannah, Houston, Norfolk.

24/05 23/05-1800 Maersk Denver 420W 24165 Safmarine

SHIPPING MOVEMENTS

AT ADANI HAZIRA PORT

20/05 Maersk Virginia 421W

20/05 ESL Busan 2417E

m.v. “ESL ASANTE” V - 2418S (EGIA - ESL), IGM NO.: 2375620 DTD. 30/04/2024

The above vessel has arrived at Mundra on 04-05-2024 as per following details.

Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable. If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws. Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.

For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.

Emirates Shipping Agencies (India) Pvt. Ltd

Aura Commercial Building, Ward 6, Plot No. 23 Commercial, Office No. S/3 & 4, 2nd Floor, Aerodrome Road, Opp. Om Cineplex, Gandhidham, Gujarat - 370201.

In case of any query kindly contact the below E-mail IDS & Phone Numbers : IMPORT related : ravi.vaghela@in.emiratesline.com

Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977

EXPORT related : hardik.jadeja@in.emiratesline.com

Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 98980 76324

IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.

NOTICE TO CONSIGNEES

m.v “SEAMAX STRATFORD” V - 129E

The above vessel is arriving at PIPAVAV PORT on 15-05-2024 with Import Cargo in containers.

GOSUDAL871935 6—

GOSUDAL871936 —2

GOSUDAL871940 1—

GOSUDAL871941 1—

GOSUDAL871946 1—

GOSUDAL871947 1—

GOSUHKG83477487 —2

GOSUHKG83477488 —2

GOSUHKG83477489 —2

GOSUNNJ1317398 2—

GOSUSHH31214366 1—

GOSUSHH31217856 1—

GOSUSHH31217857 1—

GOSUSHH31217866 1—

GOSUSHH31221892 1—

GOSUSHH31223144 —1

GOSUSHH31223152 —1

GOSUSHH31223158 1—

GOSUSHH31223209 —1

GOSUSHH31230737 —1

GOSUSHH31230741 1—

GOSUSHH31230742 1—

GOSUSHH31230743 —1

GOSUSHH31230744 —1

GOSUSHH31230745 —3

GOSUSHH31230746 2—

GOSUSHH31233289 —1

GOSUSHH31236415 1—

GOSUSHH31239185 1—

GOSUSHH31239186 1—

GOSUSHS9530202 1—

GOSUSHS9530203 1— GOSUSHS9530204 1—

GOSUSHS9530205 1—

GOSUSHS9530206 —1

GOSUSHS9530207 1—

GOSUSIN8145692 —1

GOSUSNH1825444 1—

GOSUSNH1825568 1—

GOSUSNH1892730 1—

GOSUSNH1901187 1—

GOSUSNH20948480 —2

GOSUSNH20948486

GOSUSNH20948488 2—

GOSUSNH20948583 1—

GOSUSNH20948585 11

GOSUSNH20948597 1—

GOSUSNH8423531 —1

GOSUSNH8423683 2—

GOSUSNH8470419 —1

GOSUSNH8470427 2—

GOSUSNH8470436 1—

GOSUXIA8371483 —1

GOSUXIA8371485 1—

GOSUXIA8372732 1—

GOSUXIA83727321 1—

GOSUXIA8373044 1—

GOSUXIA8373286 —1

GOSUXIA8373290 —1

GOSUXIA8374319 —1

GOSUXIA8374894 —1

GOSUXNG1174235 —1

GOSUXNG1237605 —1

GOSUXNG1684950 —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.

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,

Commerce Ministry considering new Export markets as Trade with traditional partners declines

NEW DELHI: The Ministry of Commerce is working on a plan to diversify its export destinations, and ship goods such as electronics goods, drugs, engineering goods, and food products to new markets, as trade with India’s traditional partners such as the US and Europe declines amid geopolitical realignment prompted by regional conflicts.

The Government sees significant export potential in regions such as Saudi Arabia, France, Vietnam, the Netherlands, Mexico, and Ethiopia, two people aware of the development said.

The goods identified for export to absolutely new markets include iron ore, engineering goods, drugs and pharmaceuticals, electronics items, agricultural and processed food products.

This initiative is viewed as the government’s strategy to broaden the export range from traditional food commodities to include alcoholic beverages, ready-to -eat foods, confectionery, and value-added productssuchasbananaandjackfruit

This approach involves market research to identify the most suitable products for each destination, considering factors such as market trends, competition, and regulatory requirements, the people cited above said.

New target markets

The Commerce Ministry has

Exports to rise 12.3%

NEW DELHI: The Export-Import Bank of India has predicted that India’s total merchandise exports will reach $116.7 billion in the ongoing first financial quarter, growing 12 3% year-on-year on strong economic fundamentals and sustained manufacturing and services activity

The Export-Import Bank of India also projected non-oil exports to grow by 10.7% to reach $93.9 billion in the first quarter.

Export-Import Bank of India

r e p o r t u n d e r s c o r e d t h a t a n anticipated global easing of monetary tightening is expected to enhance global demand, which would provide further support to India’s export growth.

“The positive outlook for India’s exports is supported by several factors. The key drivers for it are strong GDP growth fundamentals

a n d o u t l o o k , a l o n g w i t h

s u s t a i n e d m o m e n t u m i n t h e manufacturing and services sectors,”

F

c e , Saudi Arabia, and Kenya to push the export of iron ore. Currently, iron ore i s m

a , Indonesia, Malaysia, Korea, and the Netherlands, the first of the two persons cited earlier said.

As per Commerce Ministry data, export of iron ore to Europe fell 78% from $227 million in FY23 to $50 million in FY24 Overall exports of iron ore, however, rose 117% from $1 80 billion in FY23 to $3.91 billion FY24.

For engineering goods, the government has identified new markets such as Sao Tome, Macao, Georgia, Croatia, Guinea-Bissau, Belize, Azerbaijan, Myanmar, Lithuania, Norway, Somalia, the US, and Greece, the first person said.

a n d s , South Korea, Belgium, Mexico, Japan and Kuwait as promising markets As of now, engineering goods are mainly exported to the US, UAE, Saudi Arabia, Germany and Italy

The exports of engineering goods in Europe remained unchanged in FY24, standing at $27 billion.

S i m i l a r l y, f o r d r u g s a n d pharmaceuticals, Montenegro, South Sudan, Chad, Comoros, Brunei, Latvia, Ireland, Sweden, Haiti and Ethiopia have been identified as new market destinations and Greece as a promising market Traditional

m a r k e t s f o r d r u g s a n d pharmaceuticals are the US, the UK, the Netherlands, South Africa and Brazil.

For electronics goods, the government has identified Sao Tome, Montenegro, Cayman Islands, St. Vincent, Mongolia, EL Salvador, Turkmenistan, Honduras, Bahrain, Somalia, Puerto Rico, Vietnam and Sweden as new market destinations, while Russia, Mexico and Turkey are listed in the category of promising markets.

The traditional markets for electronics goods are the US, UAE, the Netherlands, the UK and Italy

To push the export of agricultural and processed food products, the government has identified specific territories for focused strategy and outreach, and includes Nigeria, Switzerland, Lithuania, Slovenia, M e x i c o , S w e d e n , P o r t u g a l , Cameroon, Djibouti, Latvia, Egypt, Senegal, Canada, Argentina, and Brazil.

“This tactical shift in export strategy will encourage farmers to d i v e r s i f y t h e i r c r o p s f r o m conventional crops to cash crops, ultimately increasing the presence of processed food products in global markets. This shift is expected to lead to an increase in farmers’ income,” said Rakesh Arrawatia, professor of finance and accounting at Institute of Rural Management, Anand (Irma).

in Q1FY’25, says Export-Import Bank of India

India Export-Import Bank of India said in its report.

Global optimism

The projections are in sync with the World Trade Organization’s positive outlook for global trade, which is expected to benefit India’s export growth In its latest trade forecast, WTO estimated that global goods and merchandise trade would recover gradually this year from the downturn in 2023 due to high energy prices and inflation.

In its Global Trade Outlook and Statistics report, WTO projected the volume of global merchandise trade to increase by 2.6% in 2024 and by 3.3% in 2025, benefitting from easing economic pressures and rising incomes.

Export-Import Bank of India forecast for India’s export growth follows recent data showing a narrowing merchandise trade deficit.

In March, India’s trade deficit narrowed to $15 6 billion from $18 71 billion in February and

$16.02 billion in January, according to commerce ministry data. This marks the lowest deficit in 11 months, with the previous lower figure recorded in April 2023 at $14.44 billion.

Risks remain

There are risks to Exim Bank’s positive outlook. Uncertain prospects for advanced economies, geopolitical shocks, and the potential escalation of the Red Sea crisis leading to deeper geoeconomic fragmentation could pose challenges to the forecasted growth.

Export-Import Bank of India releases its forecast for growth in India’s total merchandise exports and non-oil exports quarterly in the first fortnight of May, August, November, and February for the corresponding quarters.

This forecast is based on its Export Leading Index (ELI) model. The next forecast on India’s exports in the September quarter will be released in the first fortnight of August.

m.v.

“X-PRESS MEKONG”

V - 2418W (IRG/RGI - XPF)

IGM NO.: 2376297 DTD. 08/05/2024

The above vessel has arrived at Mundra on 10-05-2024 as per following details.

Item Nos. B/L NOS.

Item Nos. B/L NOS. 1 EPIREGSPMS002372 2 EPIREGSPMS002370

Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable. If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws. Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.

For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.

Emirates Shipping Agencies (India) Pvt. Ltd

Aura Commercial Building, Ward 6, Plot No. 23 Commercial, Office No. S/3 & 4, 2nd Floor, Aerodrome Road, Opp. Om Cineplex, Gandhidham, Gujarat - 370201.

In case of any query kindly contact the below E-mail IDS & Phone Numbers :

IMPORT related : ravi.vaghela@in.emiratesline.com

Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977

EXPORT related : hardik.jadeja@in.emiratesline.com

Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 98980 76324

IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.

NOTICE TO CONSIGNEES

m.v “KMTC DELHI” V - 2414E (KCIS - KMT)

IGM NO.: 2375747 DTD. 01-05-2024

The above vessel has arrived at Mundra on 07-05-2024 as per following details.

EPIRCHNCWA257024

Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable. If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws. Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.

For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.

Emirates Shipping Agencies (India) Pvt. Ltd

Aura Commercial Building, Ward 6, Plot No. 23 Commercial, Office No. S/3 & 4, 2nd Floor, Aerodrome Road, Opp. Om Cineplex, Gandhidham, Gujarat - 370201. In case of any query kindly contact the below E-mail IDS & Phone Numbers :

IMPORT related : ravi.vaghela@in.emiratesline.com

Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977

Commerce Ministry: Exports up in 115 Nations out of

238 destinations in 2023-24

NEW DELHI: India's exports have surged to as many as 115 countries out of the total 238 destinations during 2023-24 despite the global economic uncertainties, according to a recent report by the Ministry of Commerce. These 115 export destinations, which account for 46 5 per cent of India's export basket, include the US, UAE, Netherlands, China, UK, Saudi Arabia, Singapore, Bangladesh, Germany and Italy

The country's merchandise exports decreased by 3 per cent to $437.1 billion in the last fiscal. However, services exports rose to $341.1 billion in 2023-24 as against $325.3 billion in 2022-23.

According to the report, despite persistent global challenges, overall exports (goods and services together) hit the highest level in 2022-23. Overall exports reached $778 2 billion in 2023-24 as compared to $776.4 billion in 2022-23, registering a marginal growth of 0.23 per cent. The share of India's merchandise exports has also i n c r e a s e d m a r g i n a l l y f r o m 1 70 per cent in 2014 to 1 82 per cent in 2023. India's rank in world merchandise exporters too has improved from 19th to 17th during the same period.

Further, India's export to its top 10 destinations witnessed a 13 per cent year-on-year increase in 2023-24.

The UAE has emerged as the p r i m a r y d e s t i n a t i o n , w i t h a substantial 12.71 per cent growth in export value at $35.6 billion.

Similarly, exports to Singapore that surged by 20.19 per cent to $14.4 billion, to the UK (up 13.30 per cent to USD 13 billion), and to China (up 8.70 per cent to USD 16.7 billion) also recorded healthy growth indicating a sustained demand for Indian products.

T h e d a t a s h o w e d t h a t t h e exponential growth rates observed in countries like Russia (35.41 per cent), Romania (138 84 per cent), and Albania (234.97 per cent) underscore the exploration of new markets.

"Strengthening trade relations with these nations could unlock untapped opportunities and bolster I n d i a ' s o v e r a l l e x p o r t competitiveness," an official said.

T h e c o u n t r y ' s o u t b o u n d shipments to regions including CIS (commonwealth of independent states, Oceania and Europe too witnessed expansion during 2023-24 over 2022-23.

The top five export destinations driving export growth in CIS region d u r i n g 2 0 2 3 - 2 4 a r e R u s s i a , Uzbekistan, Ukraine, Armenia and Tajikistan.

Similarly, the top five destinations driving India's export growth in Oceania region in the last fiscal are Australia, Timor Leste, Samoa, Vanuatu and Solomon Island.

A n d i n E u r o p e , t h e m a j o r countries where Indian exporters recorded healthy growth in their shipments during 2023-24 are the UK,

Romania, Albania, Netherland and Greece.

On the commodities front, as many as 17 items have registered an increase in exports in 2023-24 over the l a s t f i n a n c i a l T h e s e s e c t o r s constitute 48 4 per cent of India's export basket. These sectors include engineering, electronic goods, p h a r m a c e u t i c a l s , a n d c o t t o n yarn/fabrics/handloom products.

However, there were notable decline in key sectors in the last fiscal s u c h a s p e t r o l e u m p r o d u c t s (-13.66 per cent) and gems and jewellery (-13 83 per cent)

According to the data, of the 229 source nations, India's imports have declinedfrom124countriesin2023-24.

The top 10 source countries, which constitute 59.3 per cent of India's import basket, include China, USA, Saudi Arabia, Indonesia, Russia, and Switzerland.

Decline in imports are reported from countries like the UAE, Qatar, Kuwait and Oman and it highlights the need for India to bolster its trade relations, especially with GCC (Gulf Cooperation Council) member countries, the official said.

"While some declines may stem from market dynamics or economic conditions, they also present opportunities for policy makers to reconsider trade strategies, prioritize domestic production, and foster indigenous industries," the official added.

FM sees India as 3rd largest economy within a year after PM Modi secures his 3rd term

RANCHI: Finance Minister Nirmala Sitharaman reiterated on May 9 that India will become the third-largest economy in the world in the coming year or so after Prime Minister Narendra Modi potentially forms the government for the third time in a row

“The (Narendra) Modi Government will be formed again for a third term. India’s economy will reach the third place from the fifth place in the coming year or so, as per the Prime Minister’s announcement,” Sitharaman said at an event in Jharkhand capital Ranchi on May 9.

Sitharaman’s comments indicates a steeper timeline for India attaining the third spot from being the fifth-largest economy in the world compared to her November 2023 statement that the nation may surpass Japan and Germany to the third spot by 2027.

Last month, the International M o n e t a r y Fu n d ( I M F ) r a i s e d India’s FY25 GDP growth forecast by 30 bps to 6.8 percent from its January forecast of 6.5 percent, citing bullish domestic demand conditions and a rising workingage population

On May 8, Chief Economic Advisor V Anantha Nageswaran said that there is a high possibility of India’s economic growth touching 8 percent in Fy24.

India’s gross domestic product (GDP) grew 8 4 percent in the December quarter, data released by the Ministry of Statistics and Programme I m p l e m e n t a t i o n o n Fe b r u a r y 29 showed. As a result, the full-year GDP growth is seen to be even higher than its unexpectedly high first advance estimate of 7 3 percent The second advance estimate now pegs the GDP growth at 7.6 percent for 2023-24.

JNCH : 122 Shipping Containers seized in massive Customs operation for false declaration

NAVI MUMBAI: In one of the largest such operations in its history, the Custom Central Intelligence Unit (CIU) of Jawaharlal Nehru Custom House (JNCH) has put on hold 122 containers on suspicion of containing banned Chinese fireworks, electronic items, microchips, and other contraband.

The containers are alleged to have b e e n b r o u g h t t h r o u g h f a l s e declarations. The CIU has issued an order stating that it has received confidential intelligence related to these containers.

T h e C I U h a s i n s t r u c t e d a l l managers of Container Freight Stations (CFS) and terminals to submit details of the containers, including bills of entries, assessment, and examination status, via email with the subject ‘Monday Hold’.

NOTICE TO CONSIGNEES

m.v “X-PRESS CARINA” V - 2414E (FWI/NWX - XPF)

IGM NO.: 2375991 DTD. 30/05/2024

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Item Nos. B/L NOS. Item Nos. B/L NOS.

Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable. If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws. Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.

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m.v “XIN DA YANG ZHOU” V - 093

The above vessel is arriving at PIPAVAV PORT on 19-05-2024 with Import Cargo in containers.

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Industry asked to name items from areas where India can be self-reliant

NEW DELHI: India has asked local industry to draw up a list of products from sectors in which the country is attempting to become selfreliant and has concerns about offering tariff concessions under its proposed free trade agreement (FTA) t a l k s w i t h t h e f i v e - m e m b e r Eurasian Economic Union (EAEU). Engineering goods, electronics and agriculture are expected to benefit from the agreement and the government asked the industry to identify restrictions, if any, that they face in the five members of the E A E U i n c l u d i n g A r m e n i a , Belarus, Kazakhstan, Kyrgyzstan and Russia.

"The two sides have met and discussed initiating formal talks for the pact," an official said, adding that in the light of this development, inputs have been sought from industry on barriers and products in which the country wants to achieve selfreliance.

New Delhi's concerns stem from the fact that India's exports to the union in April-January FY24 were $3 7 billion while imports were $51.7 billion due to crude oil imports from Russia. Moreover, the bloc has signed free trade pacts with China, Vietnam, Serbia and Iran, which could impact Indian industry's competitive position in any of the EAEU markets.

As per the joint feasibility study report on India-EAEU, New Delhi's export potential to the bloc is estimated at $14-24 billion.

"There are certain products with low-negotiation prospects where we have concerns on giving market access. Dairy and agricultural products are one such sticky agenda in many FTAs," said an industry r e p r e s e n t a t i v e M e d i c i n e s , telephones, shrimp and prawn, auto components and steel products are India's top exports to the EAEU whereas coal, petroleum, diamonds, fertiliser and metals are among the top imports Russia is India's top trading partner in the union.

The UAE-India CEPA Council (UICC) & Indian Chamber of Commerce (ICC) inks MoU to boost Trade relation

NEW DELHI: The UAE-India CEPA Council (UICC) and the Indian Chamber of Commerce (ICC) have

s i g n e d a M e m o r a n d u m o f Understanding (MoU) to enhance economic and trade relations

b e t w e e n t h e UA E a n d I n d i a This strategic partnership aims to promote awareness of the UAE-India bilateral economic partnership and the benefits of the UAE-India CEPA

T h e M o U e s t a b l i s h e s a comprehensive collaboration between the UICC and the ICC, focusing on p u b l i c p r o m o t i o n , i n c r e a s i n g awareness, and mobilizing private sector stakeholders to support economic engagement between the two nations Both organizations will engage in dialogue, information sharing, and host joint events to facilitate member interactions and promoteorganizationalroles

A b d u l n a s s e r A l s h a a l i , Ambassador of the UAE to India, expressed his commitment to

fostering mutual investments, technological collaborations, and people-to-people exchanges between the two nations.

This partnership builds upon the objectives of the bilateral trade partnership, aiming to boost trade volumes, bring benefits of favorable trade policies to enterprises, and create opportunities for economic growth between India and the UAE.

Dr Rajeev Singh, Director General of the Indian Chamber of Commerce, highlighted the partnership’s aim to unlock new avenues for businesses in both nations to capitalize on the immense potential of the CEPA and drive sustainable economic growth.

The UICC, established in 2024, has played a pivotal role in enhancing economic, investment, and trade ties between the UAE and India. Over the fiscal year from April 2022 to March 2023, bilateral trade surged by almost 16 percent, reaching USD 84.5 billion.

Specific sectors like gems and jewellery, pharmaceuticals, and fruits and vegetables saw substantial growth, exemplifying the CEPA’s impact.

The CEPA has catalysed billions of dollars in investments and fostered business confidence across multiple industries by facilitating easier market access and reducing trade barriers. It has encouraged a dynamic exchange of goods and investments, leading to diversified economic engagement between the UAE and India.

In conclusion, the partnership between the UICC and the ICC marks a s i g n i f i c a n t s t e

organizations aim to maximize the potential of the UAE-India CEPA, d

prosperity for businesses in both nations.

Ministry of Railways enhances project sanctioning powers of GMs, DRMs to fast-track Infra work

NEW DELHI : The Railway Ministry has significantly enhanced the financial powers of General Managers and Divisional Managers to fast-track the execution of infrastructural projects.

“The proposal for revision of powers of field units for sanction of projects was under consideration of the Board for some time. With a view to fasttrack the execution of Railway Projects, it has now been decided by the Board to enhance the powers of GMs (general managers) and DRMs (Divisional Railway Managers) to sanction projects,” said a circular issued by the Railway Board recently.

Afterthisdelegationofpowers,GMsof various railway zones can now sanction infrastructure projects such as yard remodelling, track renewal, bridge and tunnel work, etc, worth up to Rs 50 crore It is 20 times more than their previous sanctioningpowerofRs2 5crore

Besides infra work, financial powers for various other work such as research, computerisation, staff welfare, and customer amenities have also been enhanced. For instance, for customer amenities, GMs can now spend up to Rs 20 crore which is a substantial increase from the previous authority of Rs 2.5 crore, the circular said.

Similarly, the DRMs, who used to permit infrastructural work worth Rs 1.5 crore, now can give their consent to projects worth Rs 5 crore.

Senior railway officials called it a big move that will expedite various projects, which used to get delayed in the want of approval from the Railway Board.

“Now GMs and DRMs do not need to move files to the Railway Board for approvals of projects of the financial limit mentioned in the circular This will reduce red-tapism and accelerate the progress of work,” a senior railway official said.

Chinese market is open to all Countries, including India : China’s new Envoy to India

B E I J I N G / N E W D E L H I :

The Chinese market is open to all countries, including India, China’s new envoy to India, Xu Feihong, has said, maintaining that Beijing understands New Delhi’s concerns over its burgeoning trade deficit and is willing to address this issue b y f a c i l i t a t i n g m o r e I n d i a n companies to tap the Chinese market.

India has been periodically flagging concerns and pressing China to open its IT and pharma sectors besides grains, its major export potential sectors. In an interaction with the PTI and China’s CGTN-TV before he headed to New Delhi to take

up his posting, Xu reiterated Beijing’s often repeated assertions that it is not China’s intention to seek a trade surplus.

“There are multiple factors behind I n d i a ’ s t r a d e d e f i c i t C h i n a understands India’s concern It is never our intention to seek a trade surplus.”

“The Chinese market is open to all countries, including India. We have s e n t m a n y t r a d e p r o m o t i o n delegations to India to buy Indian products, and we would like to see more marketable Indian products enter the Chinese market We are ready to provide greater facilitation for India’s participation at the China

I n t e r n a t i

I m p o r t E x p o , the China-South Asia Expo, the Canton Fair and other platforms”, he said.

“China is also willing to help Indian companies cater to China’s market demands and tap into the potential for commercial and trade cooperation.

“ L a s t y e a r, t h e C h i n e s e diplomatic missions in India issued nearly 190,000 visas; over 80 per cent were business visas. Business travels in both ways is good for bilateral trade We hope that India can also provide more convenience t o C h i n e s e b u s i n

s s p e o p l e travelling to India for business opportunities,” Xu said.

PSA Mumbai alongwith JNPA inaugurates 150 Kms Zero-Emission Transport Corridor

NAVI MUMBAI: P S A M u m b a i h a s recently announced t h a t M r. U n m e s h

Sharad Wagh, IRS, Chairman of JNPA, along with Mr Gobu Selliaya, CEO, PSA India, Mr. Andy Lane, CEO of PSA Mumbai, and Mr. Pavithran Kallada, Managing Director, PSA BDP India Subcontinent has officially inaugurated a 150 Kms Zero-Emission Transport Corridor

“This corridor is dedicated to EV trucks for our Bharat Mumbai Container Terminals Private Limited (BMCT) PSA Mumbai, marking a significant stride towards a greener future. Let's unite and pave the way for a more eco-conscious tomorrow,” informs a recent communique from PSA Mumbai.

NAVI MUMBAI: PSA Mumbai proudly handled the maiden call of Maersk Line, Limited - Service - SHAHEEN EXPRESS on mv SEASPAN, informs a recent communique from PSA Mumbai. “Let's continue to strive for excellence and make PSA Mumbai the ultimate destination for all vessels. With our passion and dedication, there's no limit to what we can achieve together, concludes the Port communique.

Mr. Unmesh Sharad Wagh, IRS, Chairman of JNPA and Mr. Gobu Selliaya, CEO, PSAIndia