







HAMBURG: Portchain has announced a five-year global partnership with Hapag-Lloyd to deploy Portchain Connect across the Germanoceancarrier’sglobaloperations.
Portchain Connect digitises the process of aligning berths between carriers and terminals, enabling them to makeearlierandmorefrequentschedulingdecisions.
Using Portchain Connect, Hapag-Lloyd’s goal is to transform traditional email and phone communication into a digital information flow for aligning berth arrival information with terminals, giving its terminal network immediate access to schedule updates and key vessel call informationontheplatform.
The alignment process enables the opportunity to capture the benefits of Just-In-Time (JIT) arrivals, which the International Maritime Organization (IMO) estimates can reduce CO2 emissions and bunker consumption by 5.9%inthe24hoursleadinguptoarrival.
“We are delighted to be working with Portchain on digitisingandstreamliningourberthalignmentprocesses and look forward to creating value for our important Terminal partners throughout our network,” commented Andrew Allen, Director – Terminal Partnering, Hapag-Lloyd.
He added, “We believe in the power of leveraging automateddataflowstooptimizeourPortCallsandcreate transparency and efficiency for our valued Marine and PortOperationsteamsglobally.’’
MUMBAI / DUBAI / JEDDAH: A.P . Moller –Maersk (Maersk) will launch a new ocean shipping service, ‘Shaheen Express’ starting from thelastweekofNovember2022. Cont’d. Pg. 6
DOHA: In recognition of its commitment to and achievement of “world-class” health, safety, and environmental management standards, Milaha has been awarded by the British Safety Councilfourofeachoftheprestigious “SwordofHonour” and “Globe of Honour”. Milaha has now been awarded the Sword of Honour for a fifth consecutive year and the Globe of Honourforafourthconsecutiveyear Milaha was one of only 4 organizations worldwide that won the “double”, both the Sword of Honour and Globe of Honour in2022,andtheonlyonetowinmultiple(4)ofthese Cont’d. Pg. 6
NEW DELHI: Container Corporation of India (CONCOR),inaviewtosupporttheexport-import trade in the hinterlands, has announced additional discount scheme on empty containers moved from various Gateway Ports/Portside CFSs to hinterland terminals for export purpose based on the incrementalimportvolumesofferedbytheShippingLines.
Pg. 6
The new ocean shipping service aims to provide a quicker and more predictable connec on to its customers, especially for the trade between India and Gulf markets
Cont’d. from Pg. 4
The ‘Shaheen Express’ will rotate between Mundra, Pipavav, Jebel Ali, Dammam, and Jebel Ali and back to Mundra, creating a stable and reliable service for the India-UAE-Saudi Arabia corridor. The new service will primarily aim at addressing rising demand for customerstradingbetweentheIndianandtheGulf markets.
“The markets have started stabilising, and the ocean networks are normalising after over two years of disruptions caused by the Covid-19 pandemic. During this time, not only did we strive hard to ensure we addressed all our customers’ challenges, but we also got a chance to look ahead and understand what their requirements would be in the future,”said BhavanVempati,HeadofRegionalOcean Management, Maersk West & Central Asia. He added, “Through our customer conversations, we were able to make a more meaningful forecast around the rising demand and proactively deploy a new service to create a supplyofspaceforthisdemand.”
India-UAE Comprehensive Economic Partnership Agreement (CEPA) entered into force in May 2022, which is steadily boosting the volumes of trade between the two countries. The main commodities moving between these two countries that will benefit from the increased capacity include FMCG (fast moving
consumer goods) such as electronics, perishables such as foodstuff, retail goods including textile and apparel, and chemicals. The ‘Shaheen Express’ will benefit the exporters of the petrochemical sector from the eastern provinceofSaudiArabia.
The'ShaheenExpress'willofferimprovedtransittime and better predictability between Indian ports and Gulf portsascomparedtotheexistingservices.
Bhavan Vempati further added, “We remain committed to our customers in West & Central Asia and want to bring reliable service to them. We will continue building robust partnerships with our customers and design solutions that create value for their business and contributetotheoveralleconomicgrowthoftheregion.”
The ‘Shaheen Express’ will include two vessels with a nominalcapacityof1,700TEUsperweek.
Cont’d. from Pg. 4
Meanwhile, Eng. Mohammed Abdulla Swidan, Interim PCEO at Milaha stated: “since the Covid pandemic broke out in 2020, international companies faced tremendous health, safety, and environmental challenges. As a pioneering company, Milaha also has experienced the same challenges, however, with the GraceofAllahandtheendeavorsexerted,wemanagedto overcomethembyimplementingstricthealth,safety,and environment management precautionary measures whichledattheendtowinningtheseBSC’sawards”
It’s to be recalled that Milaha has won these awards after achieving the maximum five stars in British Safety Council’shealth,safety,andenvironmentalmanagement review scheme based on demonstrating to an
independentpanelofinternationalexpertsthemeetingof industry best practices for health, safety, and the environment.
On his turn, Peter McKittrick, Chairman of the British Safety Council, said: “On behalf of the Board of TrusteesandstaffoftheBritishSafetyCouncil,Iwouldlike tocongratulateMilahaonachievingthehigheststandards of health, safety, and environmental management. Achievingrecognitionofthissorttakesrealdedicationand absolute professionalism. We are proud to support your organization in its achievement and delighted we can contributetoyourongoingsuccess”.
By achieving these awards, Milaha has positioned itself among the top international companies and winners’ that demonstrated health, safety, and environmentalexcellenceduringwork.
Cont’d. from Pg. 4
• Fortheincrementalvolumeofimportso offeredbyanyshippinglineinanymonth,they willbeofferedanadditionaldiscountbywayof refund of average empty rail freight collected towards repositioning of empty containers from various Gateway Ports/Portside CFSs to hinterland terminals/CRTs/Pvtsidingsduringthesamemonth.
• The refund of empty rail freight will be done on weighted average basis for freight collected towards empty containers repositioned from various Gateway Ports/Portside CFSs to hinterland locations during the month.
• The scheme is offered for a period from November 2022 to March 2023.
m.v. “MSC ROWAN” Voy : IW245A I.G.M. NO. 2326605 (EDI) Dtd. 09-11-2022 Exch Rate 84.83
The above vessel has arrived on 12-11-2022 at MUNDRA PORT with Import cargo from DURBAN.
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 :
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
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.
Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. 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 : benoy.varghese@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092
IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.
NEW DELHI: The trade body All Industries & Trade Forum (AITF) has urged Prime Minister Narendra Modi to impose import restrictions on China and Association of Southeast Asian Nations (ASEAN) as the imports may cross 20 lakh crore this year from the region which are proving detrimental to micro, small and medium enterprise (MSME) industries,saidareport.
MSMEs are facing frequent closures and they are likely to go bankrupt if the government does not impose import restrictions,statedAITFinalettersenttoPMModi,lastweek.
The trade body has also appealed for an inquiry from the Central Bureau of Investigation (CBI) to unearth the alleged scam of huge imports from ASEAN and under invoicing from China,thereportsaid.
Badish Jindal, National President, AITF said, “China is cleverly sending such goods to India through ASEAN and underdeveloped countries, this is the reason that India’s import from ASEAN countries increased to Rs 5,07,968 crore by 2021-22 and surprisingly these countries exported Rs 3,05,117 crore to India in the first four months of the financial
year2022-23.” TheletterfurthersaidthattheIndianbusinessmencannot
“TodaythereisadifferenceofRs15,000pertoninthesteel
This lopsided dynamics have impacted Amritsar, Chandigarh, Chennai and Rajkot and thousands of units manufacturing all fasteners and screws and led them to closure,headded.
Meanwhile, India’s trade deficit with China had increased to $72.9 billion in FY22 amid a 44 per cent surge in imports to $94.16billionfromthepreviousyear.
Reportedly,inFY21,India’simportsfromChinaamounted to $65.21 billion, while exports in both FY21 and FY22 remained stagnant at about $25.2 billion, as per the official data.
Cargo
CJ-I MV Massa J DBC 18/11
CJ-II VACANT
CJ-III MV Singapore Bulker BS Shpg. 20/11
CJ-IV VACANT
CJ-V MV Anna Elisabeth BS Shpg. 28/11
CJ-VI MV True Confidence Seascape 19/11
CJ-VII MV Sider Bear BS Shpg. 19/11
CJ-VIII MV Aspen J M Baxi 19/11
CJ-IX VACANT
CJ-X MV Gautam Aarav Ocean Harmony 19/11
CJ-XI MV SSL Gujarat Transworld 18/11
CJ-XII MV TCI Anand TCI Seaways 18/11
CJ-XIII MV Guo Giang 8 Chowgule Bros. 18/11
CJ-XIV MV Wookyan Sky Jeel Kandla 19/11
CJ-XV MV Dubai Sun Interocean 20/11
CJ-XVA MV Imperial Eagle Arnav Shpg. 20/11
CJ-XVI MV Darya Gometi Genesis 21/11
Tuna Tekra Steamer's Name Agent's Name ETD MV Star Energy Oil Jetty Steamer's Name Agent's Name ETD
OJ-I LPG/C IGLC Dicle Seaworld 18/11
OJ-II MT Chem Mercury Samudra 18/11
OJ-III MT Torm Troilus Jamesh Mack 18/11
OJ-IV MT Indigo Ray Samudra 18/11
OJ-V MT Seashine
OJ-VI MT Stolt Noraland JMBaxi 18/11
Stream
Stream MV Clipper Barola Chowgule Bros. 41,000 T. Sugar In Bulk
Stream MV Dawai BS Shpg. Chennai 10,000 T. Silica Sand In Bulk 2022101335
CJ-XV MV Dubai Sun Interocean 42,800 T. Rice Bags 2022101308
Stream MV Golden Zhejiang Aditya Marine 57 Nos. Wind Mill Blade 20221111054 CJ-XIII MV Guo Giang 8 Chowgule Bros. 61,500 T. Salt
Stream MV Haseen Aqua Shpg. 45,000 T. Sugar In Bulk
CJ-I MV Massa J DBC Port Sudan 28,800 T. Sugar (50 Kgs.) 2022101029 2323357 21/11 MV Meghna Rose BS Shpg. Bangladesh 55,000 T. Sugar Bulk 19/11 MV My Lama Interocean 25,000 T. Sugar Bags 2022111127
Stream MT Oriental Cosmos Allied Shpg. Rottardam 7,740 T. C. Oil 23/11 MT Oriental Hibiscus Allied Shpg. 4,500 T. C. Oil
Stream MV Pac Alcamar Tristar Shpg. 23 Windmill Blade 2022101064
Stream MV Safeen AL Amal Interocean 33,000 T. Sugar Bags 2022111040
CJ-VII MV Sider Bear BS Shpg. Italy 40,000 T. Ball In Clay 2022111005
CJ-III MV Singapore Bulker BS Shpg. Madgasakar 25,000 T. Rice In Bags 2022111065 18/11 MT Star Ploeg Samudra 5,000 T. Chem.
Stream MV Suvari Kaptan DBC Somalia 9,500 T. Sugar Bags 2022111148
Stream MV Tai Summit ACT Infra 40,100 T. Rice Bags 30/11 MV Theotokos BS Shpg. Madgasakar 28,000 T. Rice Bags CJ-VII MV Wookyan Sky Jeel Kandla Chennai 31,000 T. Silica Sand
CJ-VIII MV Aspen JMBaxi Izrail 45,175 T. MOP
Stream MV Bhaskar Aries Marine 1,856 T. S. Scrap 2022111149 18/11 MV Dato Success JMBaxi China 14,375/977 T. HR Coils/Pipes 2022110066
CJ-XVI MV Darya Gometi Genesis 31,930 T. S. Scrap 2022111052
Stream MV Esperance Ray Benline 23,952 T. Steel Scrap Stream MV Fan Zhou 6 Mystic Shpg. 343 (90/251/2 Blades/Access./SOC) 17/11 MV Frosso K Chowgule Bros. Indonesia 55,000 T. INDO Coal 2022111110
CJ-XVA MV Imperial Eagle Arnav Shpg. 36,744/5,250 T. HMS/SH Scrap 2022111112 28/11 NV Jimmy T Tauras 14,388 T. MOP 18/11 MV Ocean Bridge JMBaxi China 153/5,170 T. Equip/Steel Cargo
Stream MV Smew Benline 31,497 T. S. Scrap
Stream MV Tan Zhou Lun Chowgule Bros. 56,000 T. Salt In Bulk 2022111053
CJ-VI MV True Confidence Seascape 27,079 T. Met Coke 2022111125 22/11 MV VGS Dream United Safeway 7,250 T. Lime Stone
Stream MT Argent Gerbera JM Baxi Durban 5,991 T. Chem. 2022101060 1483 2323599
Stream MT Asia Liberty JMBaxi Malaysia 28,999 T. CPO Stream LPG Bastogne Nationwide 20,000 T. Propane/ Butane Stream LPG Berlian Ekuator Nationwide 21,000 T. Butane/Propane
Stream MT Bow Santos GAC Shpg. 6,500 T. Chem.
OJ-II MT Chem Mercury Samudra 9,848 T. Chem.
OJ-I LPG/C IGLC Dicle Seaworld 16,230 T. Propane/ Butane 2022111011 20/11 LPG/C Gas Utopia Interocean 9,999 T. Ammonia 2022111151
Stream MT GH Austen Seaworld 32,000 T. MS 23/11 MT Glen Cove JMBaxi Dakar 24,000/2,100 T. Phos Acid/Chem.
OJ-IV MT Indigo Ray Samudra 4,774 T. Chem 2022111049 20/11 LPG Jag Vikram Nationwide 20,000 T. Butane/Propane Stream MT Maersk Barry Interocean 27,000 T. CPO
Stream MT Merapi Interocean 10,000 T. MS 2022111048
Stream MT Patroit MK Shpg. 18,922 T. HSD
Stream MT Saehan Liberty JMBaxi Indonesia 18,000 T. Palm Stream LPG/C Sakura Spirit Inchcape Shpg. 21,494 T. Propane/ Butane
Stream MT Saver 1 Samudra 3,996 T. Chem. 2022111063 18/11 MT Snow Ploeg Samudra 3,403 T. Chem. 2022111152
Stream MT Southern Quokka GAC Shpg. 3,000 T. C Oil OJ-VI MT Stolt Noraland JMBaxi Dakar 34,022 T. PHOS Acid OJ-III MT Torm Troilus Jamesh Mack 20,100 t. PAL Oil
(CI1) 18/11 19/11 19/11-AM Zim Charleston 9E 22358 APL/OOCL DBC & Sons/OOCL(I) Port Kelang, Singapore, Hong Kong, Xingang, Dalian, Qingdao, 19/11 25/11 25/11-AM OOCL Genoa 060E 22374 Gold Star Star Shipping Busan (Ex. Pusan), San Pedro, Kwangyang, Chiwan. (CIXA) 25/11 19/11 19/11-AM ONE Contribution 051E 22361 ONE ONE (India) West Port Kelang, Singapore, Leam Chabang, Busan, Sanshan, 19/11 29/11 29/11-AM ONE Commitment 057E 22373 Ningbo, Sekou, Cai Mep. (PS3) 29/11 21/11 21/11-AM Clemens Schulte 017WE 22371 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 21/11 28/11 28/11-AM Seaspan Chiba 012WE 22377 ONE ONE (India) (TIP) 28/11 22/11 22/11-AM ALS Apollo 246E 22352 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 22/11 28/11 28/11-AM Shijing 247E 22368 Ningbo, Tanjung Pelepas. (FM3) 28/11
18/11 18/11-AM Maersk Seletar 245W 22357 Maersk Line Maersk India Salalah, Jebel Ali, Port Qasim. 18/11 25/11 25/11-AM Maersk Kinloss 246W 22363 (MECL) 25/11 20/11 20/11-AM SSL Gujarat 129 22372 SLS SLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 20/11 23/11 23/11-AM SCI Mumbai 552 22370 SCI J. M Baxi Jebel Ali. (SMILE) 23/11 24/11 24/11-AM Montpellier 0024 22375 X-Press Feeders Merchant Shpg. Jebel Ali, Sohar (NMG) 24/11 TBA SLS SLS Mangalore, Kandla, Cochin.(WCC)
18/11 18/11-AM COSCO Thailand 089E 22369 COSCO COSCO Shpg. Karachi, Colombo (CI1) 18/11 19/11 19/11-AM Zim Charleston 9E 22358 OOCL/APL OOCL(I)/DBC Sons Colombo. (CIXA) 19/11 20/11 20/11-AM EM Astoria 246S 22364 Maersk Line Maersk India Colombo, Bin Qasim, Karachi (JADE) 20/11 21/11 21/11-AM Clemens Schulte 017WE 22371 X-Press Feeders Merchant Shpg. Karachi, Muhammad Bin Qasim. 21/11 28/11 28/11-AM Seaspan Chiba 012WE 22377 ONE ONE (India) (TIP) 28/11 22/11 22/11-AM ALS Apollo 246E 22352 SCI J. M Baxi Colombo. (FM3) 22/11
18/11 18/11-AM Maersk Seletar 245W 22357 Maersk Line Maersk Line India Newark, North Charleston, Savannah, Huston, Norfolk. 18/11 25/11 25/11-AM Maersk Kinloss 246W 22363 Safmarine Maersk Line India (MECL) 25/11 19/11 19/11-AM ONE Contribution 051E 22361 ONE ONE (India) Los Angeles, Oakland. (PS3) 19/11 21/11 21/11-AM Clemens Schulte 017WE 22371 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 21/11 28/11 28/11-AM Seaspan Chiba 012WE 22377 ONE ONE (India) Norforlk, Charleston, Halifax. (TIP) 28/11
Vietnam 3E Zim/KMTC Zim Integrated/KMTC India Qingdao, Shanghai, Ningbo, Da Chan Bay, Port Klang, Nhava Sheva, 20/11 23/11 Ever Uberty 179E Evergreen Evergreen Shpg. AICTPL, Colombo, Port Klang, Singapore, Haiphong, Qingdao. 24/11 04/12 X-Press Odyssey 22007E RCL/Emirates RCL Ag./Emirates Shpg. (NIX / FIVE / CIX3) 05/12 19/11 Cape Kortia
GENEVA : In a context of economic uncertainty exacerbated by the COVID 19pandemic,thewarinUkraineandthe food security crisis, G20 economies between mid May and mid October 2022 introduced export restrictions at an increased pace, particularly on food andfertilizer,accordingtothe28thWTO Trade Monitoring Report on G20 trade measures issued on 14 November WTO Director General Ngozi Okonjo-Iweala called on G20 countries, and all WTO members, to refrain from adopting new trade restrictive measures that can further contribute to a worsening of the globaleconomicoutlook.
“While some trade restrictive measures have been lifted by G20 countries, the report indicates that the trend has been going in the wrong direction. Export restrictions contribute to shortages, price volatility, and uncertainty G20 economies must build on their collective pledges from the 12th Ministerial Conference and demonstrate leadership to keep markets open and predictable, so that food and fertilizer in particular can flow to where they are needed," said WTO Director General Ngozi Okonjo-Iweala, who will be attending the G20 Leaders' Summit in Bali, Indonesia, on 15 16 November
The report indicates that supply chains on the whole have thus far proved to be resilient, despite the war in Ukraine, the continuing impacts of the COVID 19 pandemic, the highest
inflation many countries have experienced in decades, and the impacts of monetary tightening by central banks seeking to limit price increases. That said, specific industries and regions have been differently impacted.
Overall, the pace of implementation of new export restrictions by WTO members has increased since 2020, first in the context of the pandemic and subsequently with the war in Ukraine andthefoodcrisis.Someoftheseexport restrictions have been gradually lifted, butseveralstillremaininplace.
As of mid October 2022, WTO members still had in place 52 export restrictions on food, feed and fertilizers, in addition to 27 export restrictions on productsessentialtocombatCOVID-19. Of these, 44% of the export restrictions on food, feed and fertilizers, and 63% of t h e p a n d e m i c r e l a t e d e x p o r t restrictions, were maintained by G20 economies.
During the review period, G20 economies introduced 66 new trade facilitating measures (covering trade worth USD 451.8 billion) and 47 traderestrictive measures on goods (with a trade coverage of USD 160.1 billion). These measures were not related to the pandemic.
At the same time, the accumulated stockpile of G20 import restrictions continued to grow By mid October, 11.6% of G20 imports were affected by t r a d e r e s t r i c t i n g m e a s u r e s
implementedsince2009&stillinforce.
Initiations of trade remedy investigations by G20 economies declined sharply during the review period (17 initiations), after a peak in 2020 that was the highest since the beginning of the trade monitoring exercise in 2009. Anti dumping measures continued to be the most frequent trade remedy action in terms ofinitiationsandterminations.
Similarly,theimplementationofnew COVID-19-related trade measures by G20 economies decelerated over the past five months, with four new such measuresrecordedongoodsandoneon services.ThenumberofnewCOVID-19related support measures to mitigate the social and economic impacts of the pandemic also fell sharply over the past fivemonths.
Since the beginning of the pandemic, 201 COVID 19 trade and trade-related measures in goods were implemented by G20 economies. Most (61%) were trade facilitating, while the rest (39%) could be considered trade restrictive.
G20 economies also continued to phase out pandemic-related import and export measures. By mid-October 2022, 77% of export restrictions had been repealed, leaving 17 restrictions in place. Although the number of the pandemic-related trade restrictions in place decreased, their trade coverage remained significant, at USD 122 0 billion.
NEW DELHI: India’s overall exports (Merchandise and Services combined) in October 2022 are estimated to be USD 58.36 Billion, exhibiting a positive growth of 4.03 per cent over the same period last year. Overall imports in October 2022 are estimated to be USD 73.00 Billion, exhibiting a positive growth of 11.82percentoverthesameperiodlastyear.
Fig 1: Overall Trade during October 2022
Merchandise imports for the period April-October 2022 were USD 436.81 Billion as against USD328.14BillionduringtheperiodApril-October2021.
The merchandise trade deficit for April-October 2022 was estimated at USD 173.46 Billion as against USD94.16BillioninApril-October2021.
Fig 4: Merchandise Trade during April-October 2022
India’s overall exports (Merchandise and Services combined) in April-October 2022 are estimated to be USD 444.74 Billion, exhibiting a positive growth of 19.56 percentoverthesameperiodlastyear.Overallimports in April-October 2022 are estimated to be USD 543.26 Billion, exhibiting a positive growth of 33.80 per cent overthesameperiodlastyear.
Fig 2: Overall Trade during April-October 2022
Non-petroleum and non-gems & jewellery exports in October 2022 were USD 21.72 Billion, compared to USD26.15BillioninOctober2021.
Non-petroleum,non-gems&jewellery(gold,silver& precious metals) imports were USD 34.40 Billion, comparedtoUSD32.88BillioninOctober2021.
Non-petroleum and non-gems & jewellery exports during April-October 2022 was USD 182.05 Billion, as comparedto USD176.52BillioninApril-October2021.
Non-petroleum,non-gems&jewellery(gold,silver& precious metals) imports were USD 258.30 Billion in April-October 2022 as compared to USD 198.58 Billion inApril-October2021.
The estimated value of services export for October 2022 is USD 28.58 Billion, as compared to USD20.37BillioninOctober2021.
Merchandise exports in October 2022 were USD 29.78 Billion, as compared to USD 35.73 Billion in October2021.
Merchandise imports in October 2022 were USD 56.69 Billion, as compared to USD 53.64 Billion in October2021.
Fig 3: Merchandise Trade during October 2022
The estimated value of services import for October 2022 is USD 16.30 Billion as compared to USD11.64BillioninOctober2021.
Merchandise exports for the period April-October 2022 were USD 263.35 Billion as against USD 233.98 BillionduringtheperiodApril-October2021.
The estimated value of services export for April-October2022isUSD181.39Billionascomparedto USD138.01BillioninApril-October2021.
The estimated value of services imports for April-October 2022 is USD 106.45 as compared to USD77.89BillioninApril-October2021.
The services trade surplus for April-October 2022 is estimated at USD 74.93 Billion as against USD60.12BillioninApril-October2021.
VARANASI: India is eyeing cargo handlingbytheprivatesectortojump to 85% by 2030 from 56% now as it implements the National Monetisation Pipeline, Minister for Ports, Shipping and Waterways Sarbananda Sonowal said recently. Total cargo handled at ports stood at 1251.38 million tonnes in 2020-21. He added the Government wants the private sector to operate more jetties andterminalsandisopentorestoring financial support for inland waterways.
The goals are very feasible if you consider the progress in the
last eight years. Up to 2013-14, cargo handling capacity of inland waterways stood at only 16 million tonnes per annum (mtpa). In just eight years, it has risen to 109 mtpa. This massive growth has been possible because the government paid attention and developed infrastructure. Private sector was also taken on board by sensitising them about using the rivers. Cargo handling capacity has significantly increased in coastal shipping, maritime trade, mainline shipping and via inland waterways. Development of
competitive infrastructure and bringing down logistics costs is a key focus area for the Government.
On National MOnitisation Plan in Shippingsector,hesaid,TheShipping Ministry's target under asset monetisation is Rs. 12,550 crore for 2022-23. Our goal is to ensure that the cargohandlingcapacityoftheprivate sector grows under the plan. Private sector handles 56% of the total cargo at present. This is expected to increase to 85%. We would also want the private sector to operate more jettiesandterminals.
NEW DELHI: As many as nine special vostro accounts have been opened with two Indian banks after permission from the Reserve Bank of India to facilitate overseas trade in rupee, a top Government official said recently.
Sberbank and VTB Bank — the largest and second-largest banks of Russia, respectively — are the first foreign lenders to receive the approval after the RBI announced the guidelines onoverseastradeintherupeeinJuly.
Another Russian bank Gazprom –which does not have its bank in India –has also opened this account with Kolkata-basedUcoBank.
“Nine accounts have been opened. One in Uco Bank, one in Sber, one in VTB and 6 with IndusInd Bank. These six are different Russian banks,”
Commerce Secretary Sunil Barthwal toldreportersinNewDelhi.
The move to open the special vostro account clears the deck for settlement of payments in rupee for trade between IndiaandRussia,enablingcross-border trade in the Indian currency, which the RBI is keen to promote. The RBI has allowed the special vostro accounts to invest the surplus balance in Indian government securities to help popularisethenewarrangement.
UCO Bank already has a vostro account-based facility in Iran. Gazprombank, or GPB, is a privatelyowned Russian lender and the thirdlargestbankinthecountrybyassets.
Last month, the RBI and finance ministry asked the top management of banks and representatives of trade bodies to push export and import
transactions in the rupee. They want banks in India to connect with their foreign counterparts for opening special rupee vostro accounts to facilitate cross-border trade in the Indiancurrencyratherthanthepopular modeoftheUSdollar.
On when the rupee trade will begin withRussia,thesecretarysaidthereisa process involved in it and hopefully it wouldmaterialisesoon.
Barthwal said he held a meeting with officials of UCO Bank, RBI and the Department for Financial Services and discussedwaystopromoterupeetrade.
“We want to promote rupee trade because that is in the nation’s interest. We would also not be looking unnecessarily for dollars. To the extent, rupeetradeispossible,wewillgoforit,” headded.
FICCI-DEiK sign an MoU to re-energize exis ng es for stronger business partnerships
NEW DELHI:
Mr Fırat Sunel, Ambassador, Embassy of Turkey in New Delhi, while emphasizing on the India-Turkey bilateral trade, said, "By the end of the year, our bilateral trade will almost be US$ 11 billion, and our new aim now is to reach US20billiondollars."
Addressing the 'India-Turkey Business Council', organized by FICCI, Ambassdor Sunel spoke about 2023 as a bright year for India-Turkey bilateral relations as India takes over the G20 Presidency and Turkey celebrating its 100threpublicyear.
He also invited Indian and Turkish companiestotakeadvantageoftheyear 2023 for fruitful business partnerships
betweenIndiaandTurkey.
Mr Arun Chawla, Director General,FICCI said, "India and Turkey share a strong and vibrant relationship under the leadership of our Heads of State translating a mutual desire of good relations and vast goodwill with peopletopeopleconnects."
He drew emphasis to the bilateral trade that has increased significantly from US$ 7.2 billion in 2017-18 to US$ 10.7billionin2021-22amidthepandemic that reflects a positive sign of enhanced relationshipbetweenIndiaandTurkey.
Ms Hulya Gedik, Chairperson of DEIK and Turkey-India Business Council said, "India has big investment opportunitiesandtodayDEiKandFICCI as a business council, we believe is the firststeptomakemorebusinessesinthe
nearfuture."She shared an introduction about DEiK and highlighted the need to enhance the trade volume between the twocountries.
A presentation by FICCI was made on India-Turkey Business relations that was followed by a round of introductions by Indian industry and Turkishindustryparticipants.
The meeting concluded with the signing of the MoU agreement between FICCI and DEiK to cement the commitment to promote investments betweenIndiaandTurkey.
“We want to promote rupee trade because that is in the nation’s interest. We would also not be looking unnecessarily for dollars. To the extent, rupeetradeispossible,wewillgoforit,” headded.
NEW DELHI: Mr. R. Lakshmanan, lAS (BH: 2004), has been appointed Joint Secretary, Ministry of Ports, Shipping and Waterways(MoPSW).
His overall tenure is of five years from the date of assumption of charge of the post, or until further orders, informed an official communique.
BHUBANESWAR:AtwodaySummitonPrimeMinister Gati-Shakti Multimodal Maritime was inaugurated in Bhubaneswar under the joint aegis of Paradip Port Authority, State and Central Government. Addressing the Summit as Chief Guest, Chief Secretary Sri Suresh ChandraMahapatra said,“OdishaisamaritimeState,and hasstrategiclocationforcoastalshipping. OurCoastalline isquitesuitablefordevelopmentofdeepPorts.Easternpart ofIndiaincludingOdishaisgrowingatafastrate. Odishais supplyingThermalCoal,IronOreandManganesetoalarge number of States in India. The growth rate will be faster in comingyears”.
Mahapatraadded,“ThePMGati-ShaktiisaPanIndian platform that would address to the critical issues of reducing logistic cost of mineral transport substantially, andwouldacceleratethegrowthofCoastalShipping.Itisa comprehensive and converged platform of all the related departments in both State and Central Government along withothermajorStakeholders”.
With uploading of information by all concerned, the planning and decision making for the Sector would be moreperfectandfaster.Itwouldalsobringtherealeaseof doing business for the investors. Mahapatra opined, Odisha would soon become one of the biggest hubs in Coastal Shipping of the minerals and finished products. Mahapatra assured that State Government would extend allhelpforimplementationoftherecommendationsofthis twodaySummit.
Joining the inaugural session as Guest of honour, Divisional Railway Manager Rinkesh Roy said, “East cost railway is No-1 freight loading zone in the entire Railways. Paradip is the 2nd largest Port in terms of the volumehandledthroughRaillinknetwork.Theregionhas huge Mining and Industrial belt”. He said that East Coast railway was on its path for augmentation of its Railnetwork in Odisha from Mining and Industrial points to thePort.
Addressing the Summit, Joint Secretary Sagarmala Projects of Govt of India Bhusan Kumar gave a blue print of the converged mechanism put in place for successfulimplementationofGatiShaktiprojects.Hesaid
Chairman Paradip Port Authority Shri P.L. Haranadh said, that Paradip Port in its 56 years of Cargo handling service would attain a record 125 MMT annual traffic in FY 2022-23. He added, “During the Amrit Kal, Paradip will be the Port of the Millennium by having a capacity of more than 500 MMT by 2047”. PM Gati-Shakti would be the prime mover of this transformation. He stressed the need to augment capacity of Rail, Road and Waterways to match the capacity augmentation plans of Paradipport.DeputyChairmanParadipPortAuthorityAK Bose presented the past, present and future prospects of ParadipPortandofferedthevoteofthanks.
Deputy Chairman Paradeep Port Trust AK Bose presented the past, present and future prospects of ParadipPort.
The inaugural session was followed by two technical sessions namely Gati-Shakti platform- Creating synergy among departments; and, Potential opportunities in logistic eco-system for sustainable Industrial development
HYDERABAD:PrimeMinisterShriNarendraModion Saturday said that the ‘PM Gatishakti National Master Plan’ has improved connectivity to even the remotest areaswithintheCountry.
During the second day of his two-day visit to the southern states, while dedicating various developmental projects to the nation. Prime Minister addressed the people of Ramagundam. “The PM Gatishakti National Master Plan has improved and developed connectivity to
even the remotest areas within the country. India has developed the latest technology for Nano Urea which is cost-effectiveandefficient,”Modisaid.
Along with this, PM Modi also underlined the positive impact of people’s participation (Jan Bhagidari) and said, “The New India of the 21st century fixes a target and achieves it within a minimum span of time due to the dedication of the Government and people’s Jan Bhagidari,”hesaid.
Mr.R.Lakshmanan,lAS that the Ministry of Ports, Shipping & Waterways prioritized improvement of connectivity to more than 50 plusnon-majoroperativePortsthroughPMGatiShakti.In this comprehensive port connectivity plan, more than 107 connectivity gaps were identified for abridging port connectivity.