GUJ-18-05-2023

Secretary - MoPSW inaugurates Lighting System at Sports Complex, Gopalpuri

GANDHIDHAM: Shri Sudhansh Pant, IAS, Secretary, Ministry of Ports, Shipping & Waterways, Government of India inaugurated the Sports Complex Lighting System at Gopalpuri, Gandhidham in presence of Smt. Maltiben Maheshwari, Hon’ble MLA-Gandhidham; Shri P. Anand Kumar, IRS, Commissioner-GST; Shri Nandeesh Shukla, IRTS, Dy. Chairman-DPA; Shri Teja Kangad, President, GandhidhamChamberofCommerce; other Senior Officials ofPort&Employees.

India placed 22nd in International Shipments in 2023 against 44th in 2018 : World Bank

NEW DELHI: The maritime sector is steering the economy to greater heights as India jumps to 22nd place for International Shipments in 2023 from 44 in 2018 accordingtotheWorldBank.

PM Modi's vision & initiatives like Sagarmala & PM GatiShakti, National Masterplan for MultimodalConnectivityarepoweringIndia’sgrowth.

Commerce Ministry reviewing existing guidelines of EPCs, FIEO

NEW DELHI: The Commerce Ministry has decided to review the eligibility criteria for the election of office bearers of export promotion councils (EPCs) and apex exporters body FIEO to make them more inclusive and representative According to an office memorandum, a three-member panel has been constituted to review the existing guidelines and make suitable recommendations about representation of different stakeholders in the managingcommitteeandotherposts.

ShriNarendraModi

Secretary - MoPSW inaugurates Lighting System at Sports Complex, Gopalpuri

Cont’d. from Pg. 4 ShriSudhanshPantinauguratedthe match by not only conducting the toss butalsohimselftriedhishandwithbat.

He also appreciated the enthusiasm shown by all the players and emphasised the spirit of KHELOINDIA.

Bolloré Logistics Delhi welcomes its first commercial EV in India

NEW DELHI: The last mile delivery industry has seen a surge in demand in recent years. With this growth, comes the need for sustainable andefficientdeliverysolutions.

In pursuit of its objective of offeringitscustomerssolutions aimed at reducing global CO2 emissions, the Bolloré Logistics agency in Delhi has taken delivery of its first electric vehicle, which is particularly suitable for lastmile delivery due to its large maneuverability and low carbonfootprint.

“Our goal at Bolloré Logistics India is to facilitate the transition to zero carbon emissions for a more sustainable and reliable mode of delivery. By adding electric vehicles to our fleet, we are contributing to a more sustainable future in our transportation business. Going forward, we will make sure to work with all stakeholders in our supply chain to continue rolling out these types of solutions,” said Sanjay GOEL, CEO SouthAsiaRegion,BolloréLogistics.

In line with Bolloré Logistics’ CSR program,

Powering Sustainable Logistics, Bolloré Logistics India will continue to develop sustainable solutions in its domesticmarketandworkwithitscustomerstoachieve this.

Vinay Tyagi, Regional Manager North India at Bolloré Logistics India, said: “As a transport and logisticsserviceprovider,weunderstandtheimportance of keeping our environment clean and healthy. We will continuetodevelopoursustainabilitystrategyforday-todayoperations.”

30 countries now ready to accept BRICS currency

SHANGHAI : A growing number of countries are showing interest to join the BRICS Alliance and accept the new currency. BRICS could soon be co me B RI CS + as t he South African Ambassador, Anil Sooklal hinted that the alliance could expand this year. The decision to allow other countries to join the bloc could be taken at the next summit in August in South Africa. Sooklal confirmed that more than a dozen countries have formally and informallyappliedtojoinBRICS.

The alliance would become stronger after expansion as their GDPs would race ahead of the U.S. and other Western powers. This could put the dollar and the Euro on the back foot as developing

nations might end reliance on the USD. Therefore, BRICS stands in a better position to usher in a new global financial order than at any timebefore.

According to the latest report, 25 countries are ready to join BRICS and accept the new currency for international trade. The countries that have shown interest to join the BRICS alliance are Afghanistan, Algeria, Argentina, Bahrain, Bangladesh, Belarus, Egypt, Indonesia, Iran, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Saudi Arabia, Senegal, Sudan, Syria, the United Arab Emirates, Thailand, Tunisia, Turkey, Uruguay,Venezuela,andZimbabwe. BRICS comprises five countries

Brazil, Russia, India, China, and South Africa. Therefore, a total of 30 countries are now participating to dethrone the U.S dollar from its globalreservestatus.

If these many countries ditch the dollar and begin cross-border transactionswithanewcurrency,the USD could be hit. The dollar could weaken on a global scale and find no meanstofunditsdeficit.Thesoon-tobe-released BRICS currency could have the power to eliminate the dollar’sdominanceinternationally.

The countries that are interested to join BRICS are also oil-rich nations.Therefore,thealliancecould force European countries to pay with the new currency for oil and not the dollar.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 18/05/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

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

CONTAINER

DUE / IN PORT FOR IMPORT

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO

FOR

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

FOR WEST ASIA GULF, RED SEA & EAST AFRICAN

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

HH H We are not responsible for any mistake. ALL RATES ARE PROVISIONAL. The rates in this column are only meant for guidance.

NOTICE TO CONSIGNEES

m.v “XIN PU DONG” V-02316W IGM NO: 2343810

DATE: 15-05-2023

The above vessel is arriving at Mundra on 19-05-2023 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

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 :

m.v. “CMA CGM FIGARO” V-3E

The above vessel is arriving at MUNDRA PORT on 25-05-2023 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.

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

Import Marketing Queries : Mr. Mitesh Rajgor - 02836-235282,229543 E-mail: imp@starship-knd.zim.com

NOTICE TO CONSIGNEES

m.v “NAVIOS INDIGO” V-13W

The above vessel is arriving at MUNDRA PORT on 23-05-2023 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.

Commerce Ministry reviewing existing guidelines of EPCs, FIEO

Cont’d. from Pg. 4

The panel is likely to take about two months to complete the exercise andsubmititsrecommendations.

The memorandum said that till amendmentoftheexistingguidelines on the basis of the recommendations of the committee, EPCs/FIEO (Federation of Indian Export Organisations)mayputonholdallthe elections which are in process, includingthosewherenoresultshave beendeclaredwithimmediateeffect.

FIEO already elected a vice-president in March. Election for thepresidentpostwasduethisyear.

Different export promotion councils include EEPC India, Export

Promotion Council for EOUs & SEZs, Project EPC, Basic Chemicals, Cosmetics and Dyes Export Promotion Council, Chemicals and Allied Products Export Promotion Council (CAPEXIL), Council for Leather Exports, Sports Goods Export Promotion Council, and Gem and Jewellery Export Promotion Council.

The other councils include Shellac Export Promotion Council, Cashew Export Promotion Council of India, The Plastics Export Promotion Council, Pharmaceutical Export Promotion Council, Indian Oil Seeds And Produce Export Promotion

Council (IOPEPC), and Services EPC.

FIEOwassetupin1965asanapex body of export promotion in the country. It has been designated as registeringauthorityforstatusholder exporting firms and other exporters dealinginmulti-products.

It also issues Certificate of Origin which is required by many countries asproofoforiginofthegoods.

Commenting on the exercise, former FIEO President S C Ralhan said the changes should be implementedprospectively.

"There should not be any major change in the existing guidelines," hesaid.

Indian Railways to rationalise Container Tariff to attract more Cargo

NEW DELHI: With the aim of increasing container movement substantially, Indian Railways is finalising new policy initiatives and rating structure to include more commoditiesinfreightbasket.

The proposed policy envisages changes in the existing one with introduction of new types of goods carriers such as double stack dwarf container, cube container and open top container besides rationalisation ofcontainerrates.

Container tariff is being rationalisedtobringmoreharmonyin the container ecosystem, said a seniorRailwayMinistryofficial.

Indian Railways has an ambitious plan of increasing loading from 4.14 million tonnes (MT) to 6 MT per day. In 2022-23, the railways has achieved 1,512 MT which is 4.14 MT perday.

Now according to the plan, the railways wants to increase the loading to 6 MT per day in order to achieve2,200MTby2025.

Accordingtotherailways,inorder to achieve this, the national transporter has to target freight commodities which are traditionally not coming to the rail system. To achieve this, the railways cannot relyonmineralsandoressuchasiron oreandcoalonly.

As per the National Rail Plan, in the national freight ecosystem nearly 35to40percentisthebalanceofother goods.Thisisroughly2,000MT.

However, the railways barely capture3to4percentofthisbalance. If the railways has to achieve 6 MT per day, it needs to capture at least20percentofthebalanceofother goodsinthenationalecosystem.

Other goods include automobiles, white goods, FMCG, electronics, commercialfoodgrains,agriproducts andengineeringgoodsamongothers.

The existing railway wagons including covered ones are not suited to capturing this traffic. In addition, the railways owned terminals are also notideallysuitedtocapturethistraffic.

Therefore, the railways is relying on containerisation to attract other goods.

Since the Covid-19 pandemic, the railways has taken many initiatives covering both container operation and its rating to increase container traffic.

However,outofthetotalcontainer traffic of the railways, nearly 70 per cent to 80 per cent is exportimport traffic. A very small percentageisdomestictraffic.

So, the railways is planning to bring in policy initiatives and rating structure that will increase domestic containermovementsubstantially.

Accordingly, a new approach in both policy and rating of container traffic is being worked out in the Railway Board and likely to be announced soon. The idea is to include more commodities in containers with the introduction of more types of containers such as doublestackdwarfandcubeandopen topcontainer.

JSW Infrastructure to invest Rs 152 Cr to increase container capacity at NMPT

MUMBAI:JSWInfrastructurewill invest Rs 152 crore for the expansion of its container capacity at NewMangalorePortTrust,according tosources.

In June 2022, the company commissioned its first container terminal at New Mangalore Port Trust(NMPT)inKarnataka,havinga cargo capacity of 2.4 lakh twenty equipmentunits(TEU).

On May 9, Sajjan Jindal-owned

JSW Infrastructure filed the DRHP withcapitalmarketsregulatorSebito raise up to Rs 2,800 crore through an initial public offering (IPO) to retire debtandsupportitsexpansionplans.

“Out of Rs 2,800 crore, which the company plans to raise through the initial public offering (IPO), Rs 152 crore will be spent on container capacityexpansion,”thesourcessaid.

Aspertheplan,thecapacitywillbe increasedto4lakhTEUs.

The modernisation efforts will be undertaken by JSW Infrastructure’s subsidiaryJSWMangaloreContainer

TerminalPrivateLimited(MTPL).

The container terminal has abackupareaof65,000squaremeters for the storage of containers. Equipment at the container terminal includes six reach stackers, an empty container handler and two mobile harbourcranes.

According to a Crisil report, in FY2024, container traffic is expected to grow in the range of 5-8 per cent over fiscals 2023-2028. Non-major ports are likely to add 100-130 million tonnes of capacity between FY2023 andFY2027.

North America – A promising market for Indian Fasteners industry to push its exports: Dr A Sakthivel, President, FIEO

NEW DELHI: A 20-member FIEO business delegation from Fastener industry is taking part in the Fastener Fair, Nashville, USA being held from16thto17thMay,2023.

The Consul General of India to the SouthEast USA, Dr Swathi V Kulkarni inaugurated Indian Pavilion in the presence of Dr A Sakthivel, President, FIEO; Dr Ajay Sahai, DG & CEO, FIEO; Ms Paige Brown, Mayor, City of Gallatin; Mr James Fenton, Executive Director, Gallatin Economic Development and the former Union Minister of State for Social Justice, Mr D Napoleon also attended the inaugurationceremonyandinteractedwiththeparticipants.

The Consul General appreciated Indian participants for their innovative products and expressed her hope that Fastener Fair, USA will lead to increased business opportunities for both Indian and American companies. Dr Swathi advised the participants to strictly adhere to quality for growth in US market. She extended the support to the participants in identifying large importers of fasteners in US and also doing credibility checks on them in association with concernedagenciesinUS.

Dr A Sakthivel said that Indian companies have undertaken intensive technological developments and presenting advanced lightweight products and hybrid fasteners that find usage in entire industrial sectors especially automotive, aircraft and other industrial applications. As India can offer products of high quality with very competitive pricing, US companies can become more competitive by procuring these products from India, FIEO Presidentsaid.

Dr Ajay Sahai expressed his optimism that Indian Fastener Industry sector can make deeper inroads in to

US market to double its market share in the next 5 years. The global industrial fasteners market size is around USD 90 billion and expected to grow further due to rising demand for industrial fasteners in the automotive and aerospace sectors apart from construction sector. The US is the 5th largest importing countries of fasteners in the world after China, Germany, Japan and South Korea with import of USD 16.50 billionduringtheyear2022.

India’s market size of fastener is USD 4.6 billion and exports only USD 780-800 million, due to strong domestic demands lead by auto and construction sector. However, Indian companies started engaging in larger volumes capacity adhering to quality standards along with strong R&D backup to cope with dynamic market conditions of this sector. Hence, FIEO estimates that export of fasteners can reach USD1.5billionby2025.

Expecting a very successful event at Nashville, FIEO is of the view that the event will create new business opportunities andideasforexpandingbusinessesinUSmarket.

Import of laptops, PCs, medical devices, solar cells from China fall in FY23: GTRI

NEW DELHI: India’s imports of electronic goods such as laptops, personal computers (Pcs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI. The fall in imports is notable in electronic items where the PLI (production linked incentive) scheme is operational, the report by Global Trade ResearchInitiative(GTRI)said.

Import of medical equipment declined 13.6 per cent to USD 2.2 billion last fiscal year as compared to 2021-22. Similarly, import of solar cells, parts, diodes slumped 70.9 per centtoUSD1.9billionin2022-23.Thereportstatedthatimport of laptops, PCs slipped 23.1 per cent to USD 4.1 billion and that of mobile phonescame down by 4.1 per cent to USD 857 million inlastfinancialyearascomparedto2021-22.

Inbound shipments of integrated circuits contracted by 4.5 per cent to USD 4.7 billion. Import of urea and other fertilizers declined 26 per cent to USD 2.3 billion in 2022-23. However, import of lithium-ion batteries surged about 96 per cent to USD 2.2 billion last fiscal year, it said adding the adoptionofelectricvehiclesmayincreasesuchimportssteeply.

“India’s imports from China have shown signs of slowing down, with three data points indicating a decline.

Firstly, India’s electronics imports from China have decreased from USD 30.3 billion in FY22 to USD 27.6 billion in FY23. Secondly, India’s total goods imports from China grew at a lower rate of 4.2 per cent during FY23, compared to global imports, which grew at a higher rate of 16.1 per cent,” GTRIco-founderAjaySrivastava said.

Despite the decline, China remains India’s top import supplier, and India is critically dependent on China for various products, the report said, adding “Imports from China are high for most countries and India is not an outlier”. India’s total goods import from China during 2022-23 touched about USD91billion.ItwasUSD94.6billionin2021-22.

Further at the exports front, China is India’s fourth largest export destination, with the US, UAE, and Netherlands as the top three partners. Indian exports grew to all these three nations but declined for China in the last fiscal. The country’s outbound shipments to China declined 36 per cent to USD 13.6 billion in 2022-23. Srivastava said India’s fate in electronics and computer hardware production was sealed withIndia’ssigningoftheInformationTechnologyAgreement (ITA) in 1997 that made importing any import duties on such productsillegal.

Iran-India trade value hits $510 million in three months

NEW DELHI: Ministry of Commerce and Industry put the country’s value of trade with Iran in the first three months of 2023at$510million.

In this period, India’s import of non-oil products from Iran registereda12percentgrowth,theministryadded.

The trade exchanges between Iran and India, meanwhile, showed a 24 percent decline compared to last year’s correspondingperiod.

The total value of trade exchanges between Iran and India inthefirstthreemonthsof2022hadexceeded$678million.

India’s export slump to Iran has been cited as the main reason behind the reduced value of trade exchanges between thetwosidesfromJanuarytoMarch2023.

Inthisperiod,Indiaexported$322millionworthofgoodsto Iran,showinga37percentdeclinecomparedtoayearearlier.

India had exported $510 million worth of products to Iran from January to March 2022. Meanwhile, India imported $188 million worth of non-oil goods from Iran in the first three months of the current year, showing a 12 percent growth comparedtolastyear’scorrespondingperiod.

India remains a bright spot, economy expected to grow 6.7% in 2024: United Nations

NEW DELHI: India’s economy is expectedtogrowby6.7percentinthe calendar year 2024, supported by resilientdomesticdemand,according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for thecountry.

The World Economic Situation andProspectsasofmid-2023released on Tuesday said India’s economy, the largest in the South Asian region, is expected to expand by 5.8 per cent in 2023 and 6.7 per cent in 2024 (calendar year basis), supported by resilient domestic demand. However, higher interest rates and weaker external demand will continue to weigh on investment and exports in 2023,itsaid.

The flagship report issued in January had said that India’s GDP is

projected to moderate to 5.8 per cent in 2023 as higher interest rates and global economic slowdown weigh on investment and exports. India’s economic growth is expected to remain“strong”evenasprospectsfor other South Asian nations “are more challenging.” India is projected to grow at 6.7 per cent in 2024, the fastest-growingmajoreconomyinthe world,theflagshipreporthadsaid.

Chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs, Hamid Rashid had said at a press conference that India is a “brightspot”intheworldeconomy.

The mid-year assessment said that prospects for a robust global economic recovery remain dim amid stubborn inflation, rising interest rates and heightened

uncertainties. Instead, the world economy faces the risk of a prolonged period of low growth as the lingering effects of the COVID-19 pandemic, the everworseningimpactofclimatechange and macroeconomic structural challengesremainunaddressed.

According to the report, the world economy is now projected to grow by 2.3 per cent in 2023 (+0.4 percentage pointsfromtheJanuaryforecast)and 2.5 per cent in 2024 (-0.2 percentage points), a slight uptick in the global growth forecast for 2023.In the US, resilient household spending has prompted an upward revision of the growthforecastto1.1percentin2023. The European Union’s economy driven by lower gas prices and robust consumer spending is now projected to grow by 0.9 per cent, the reportsaid.

Wage Revision of Port & Dock Workers, begins in 1st Meeting to be held on 29th May in Mumbai

GANDHIDHAM: The employees & workers of 11 Major Ports of India are due to get their wage revision w.e.f. 01.01.2022, but, this issue was pending with Office of the Chief Labour Commissioner (Central), New Delhi without any outcome and ultimately the matter has been considered by the Indian Ports Association and this meeting will be chaired by Shri Rajiv Jalota, IAS who is Chairman of Mumbai Port

Authority&IPA.

The IPA has invited all the six Federations including Indian National Ports & Dock Workers Federation – INTUC to attend the Wage Revision Meeting scheduled for 29.05.2023 at Mumbai. The Federation has already started to prepare their agenda for this meeting and they have taken a core issue of comparing the Class III employees with Class II Officers as

there is vast difference in total emolument due to 42% cafeteria which is being paid to Officer categories.

Shri Mohan K. Aswani, General Secretary of Indian National Ports & Dock Workers Federation will participate and represented in above meeting as stated by Shri Shyammurty Kundu, Sr. Vice President of Kandla Port KarmachariSangh.

Industry wary of rate revision for transport of vehicles via Railways

NEW DELHI: Road transport has traditionallybeenthedominantmode of transport to ferry the vehicles from the manufacturing hubs to various destinations in India due to its flexibility and accessibility. Gradually, automakersareshiftingtorailwaysto carrytheirvehiclesfromthefactories to market destinations mainly to cut logistics cost, meet sustainability targets and comply with emission norms. This also allows them to reduce the transit time, ferry larger volumes of vehicles in one go and ensuresafetyduringtransportation.

Chetak Group, which has been in the industry for over four decades, is also considering to venture into The company caters to auto OEMs including Maruti Suzuki, Tata Motors, Hyundai, JCB, Kia,

Honda,amongothers.

The rail freight rates have also remained stable for the past 10 years, which has been a major support for the industry. However, the Ministryof Railways has revised the rates of haulage charge, increased the freight by 20% for the movement of Bogie Covered Autorake Double Decker Wagon (BCACBM) from the current financialyear.

“Automobile manufacturers have internal targets for utilization of railways and have been working towards achieving that. But with this rate revision, manufacturers may need to re-look at their targets and might shift their volumes to other modes of transportation,” Rajesh Menon, Director General, Society of Indian Automobile

Manufacturers(SIAM) said.

“Automobile sector was not anticipatingsucharevision.Rather,a revision in a phased manner would have been more appropriate, year-on-year basis, for business planning,”hesaid.

Industryexpertsbelievethatsuch a rate revision has come up at a time whentransportationviarailwayrakes was increasingly becoming a preferred mode of transportation. This rate revision may serve as a dampenerinthegrowth.

Bal Malkit Singh, ChairmanCore Committee & Former President,AllIndiaMotorTransport Congress (AIMTC) said that the 20% revision in rates signifies that the current freight structure is not viable inthelightofrisingoperatingcosts.

The above vessel has arrived on 17-05-2023 at MUNDRA PORT with Import cargo from NINGBO, SHANGHAI, SHEKOU, QINGDAO, XIAMEN.

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

The above vessel has arrived on 17-05-2023 at MUNDRA PORT with Import cargo from SHEKOU, QINGDAO, PENANG, LONG BEACH, OAKLAND.

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

KANDLA-SEZ/GANDHIDHAM

The above vessel has arrived on 17-05-2023 at MUNDRA PORT with Import cargo from BRISBANE, FREMANTLE, MELBOURNE, SYDNEY, VANCOUVER, ABIDJAN, DALIAN, FUZHOU, NINGBO, SHANGHAI, SHEKOU, QINGDAO, TIANJINXINGANG, XIAMEN, LIBREVILLE, COLOMBO, TANJUNG PELEPAS, ONNE, TINCAN/LAGOS, LAEM CHABANG, LONG BEACH, OAKLAND.

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

MUNDRA

Exporters expect to see 11-13% growth in current fiscal

NEWDELHI:TheIndianindustry remains upbeat about exports in FY24 even as it stares at slowdown in demand for textiles, jewellery, engineering goods and chemicals fromtheUSandtheEU.

Exporters expect a growth of 11-13% in FY24. Cotton textile and apparel exporters expect 8-10% onyear growth in FY24. India clocked $450billionexportsinFy23.

Exporters expect business to resume fully after July, pinning their optimismonrecoveryintheadvanced marketsandimprovedorderbook.

“We expect $900 billion exports for the full year, of which $500-510 billion would be goods and around $400 billion services,” said Ajay Sahai, director general, Federation of Indian Export Organisations (FIEO), adding that the first and second quarters of the calendar year wouldbeslowforexports.

Exporters said many clients had deferred their shipments from the last fiscal to this financial year and thoseorderswillstartflowingsoon.

Sahai said the volume of orders is lower but the frequency is higher. “By September, we will push orders

forChristmasandnewyear,”hesaid.

EEPC India Chairman Arun Kumar Garodia said the RussiaUkrainecrisis,slowdowninadvanced economies, high interest rates and geopolitical tensions will continue to adversely impact trade. “The order book will improve from July. We expect to end the full year with growthhigherthanlastyear,”hesaid.

Strategyunderworks

India’s goods exports shrank 12.7% on-year to $34.66 billion in the first month of FY24, dragged by sluggish demand and recession in major markets while the trade deficit felltoa20-monthlowat$15.2billionin April.

“Looking at the uncertainty, the Government has not fixed any export targetforthecurrentfiscalandwould only forecast, but exporters and industry were asked to give their own targets,” an official said, adding that anoverallstrategybothforgoodsand servicesexportswasneeded.

The commerce and industry ministryhasheldaroundoftalkswith services exporters to formulate short-term, mid-term and long-term strategies.

The share of India’s services exports in overall global services exports has risen from 4% to 4.4%, saidWorldTradeOrganization. SectoralOutlook

Cotton textile and apparel exporters expect 8-10% on-year growth in FY24 after a slow first quarter.

“April was sluggish in terms of demand. There is not much demand internationally. We expect some pick up and exports to increase 8-10% over the last fiscal,” said a representative of the cotton textile industry.

Around 70% of India’s cotton textiles go to the US and the EU but demand is down almost 10% on the retail side, especially home textiles while readymade garments’ demand isdown10-12%overlastyear.

“Commodity prices have fallen, which impacted exports. However, gas prices in the EU and inflation are stabilising. This will help push demand for discretionary spends,” said a representative from the synthetictextileindustry.

Exports of processed foods are likelytorise6-7%thisyear.

The above vessel has arrived on 16-05-2023 at MUNDRA PORT with Import cargo from CHARLESTON, NEW YORK.

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

The above vessel has arrived on 16-05-2023 at MUNDRA PORT with Import cargo from BRIDGETOWN, CAUCEDO, SOKHNA PORT, PIRAEUS, ALTAMIRA, LATTAKIA, CHARLESTON, MIAMI, NEW ORLEANS, NEW YORK, NORFOLK.

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

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 :

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Asyad Group : Oman’s Major Ports & free zones see momentous commercial & operational growth in 2022

• 8%ofcombinedgrowthisachievedbyPortofSalalah,SoharPortandPortofDuqm.

• 1,157containersarehandleddailyatSalalahPortwithadirectconneconbetweenChinaandYemenviaAlMazyonaBorderCrossing

• SoharPortoperatesnewshippinglinestoMediterraneanports.

• 2022sawtheofficialinauguraonofthePortofDuqminapresgiousinternaonalceremony.

• AsyadGroup’sfreezonesandeconomicciesmanagedtoaractUSD600millionofcommiedinvestments.

MUSCAT: Asyad Group, Oman’s flagship integrated logistics provider, has announced momentous operational growth in the Sultanate's free zones and MajorPortsofSalalah,SoharandDuqmduring2022.

The ports achieved a combined growth of 8% and handled over 62.3 million tons of general cargo, an increase of 10% from the previous year. In addition to the impressive general cargo handling performance, the ports' liquid cargo climbed by 22% from 2021 to more than 23.7 million tons, with almost 5.2 million TEUs handled. The ports also handled more than 1.59 million head of livestock and 71.7 thousand vehicles and equipment and received over 6,500ships.

In tandem with their exceptional combined performance in 2022, Oman’s ports and free zones showcased monumental individual performance, reflecting Asyad Group’s success in developing a worldclass integrated logistics network through facilities that meet the highest international standards of operational efficiency.

Salalah Port, recognized as the world's second-most efficient container port according to the World Bank's ‘Container Port Performance Index 2021’ report, achieved a record-breaking daily handling of 1,157 containers. Furthermore, in keeping with Asyad Group’s ambitious expansion strategies, the port reinforced its operational capabilities to meet rising global demand by introducing 16 gantry cranes and 3 mobile jib cranes to its general cargo dock and inaugurating the development of the container terminal inQ4of2022.SalalahPortalsoestablishedanewshipping line directly linking China and Yemen through Al-Mazyona border crossing and signed a global strategic partnership to add bunkering to its list of firstrate services, setting itself up as the region’s bunkering destinationofchoiceforvesseloperators.

In a clear reflection of Asyad Group’s success in operational integration, 2022 featured Sohar Port welcoming the first batch of containers transported via Asyad Line from Singaporean and Malaysian ports, reachinga100%occupancyrateandanticipatingayearly occupancy volume of up to 100,000 TEU through this express line alone. Furthermore, Sohar Port launched a direct line passing through the ports of Saudi Arabia, Egypt,LibyaandGreece,incooperationwithCMACGM and Hutchison Ports. Reinforcing its role as a vital maritime gateway for the industrial sector in Oman, Sohar Port also continued to move forward with its expansion plans by signing agreements to expand storage facilities with C. Steinweg Oman and extend the oil storage terminal operation contract with Advario. Moreover, 2022 marked the official inauguration of the Port of Duqm during a prestigious international ceremony in February. Since then, the port began receiving and operating heavy logistics plan and equipment, including mobile gantry cranes and cargo unloading cranes. Additionally, the port signed a USD 3 billion agreement with Jindal Shadeed to build

a green iron production factory on an area of 2 square kilometers and penned a reservation agreement in collaboration with Mitsui & Co. and Kobe Steel to develop a low-carbon dioxide emission ferrousmetalsproject.

Ontheleveloffreezones,AsyadGroup’sSalalahFree Zone, Sohar Free Zone and Khazaen Economic City managed to attract over OMR 600 million in committed investments in 2022, showcasing the Group’s successful strategy of attracting international investment and cementing Oman’s status as a secure and reliable global investmenthub.

Salalah Free Zone inaugurated two mega-projects in early 2023, OQ’s ammonia production factory and the Felix Pharmaceutical factory, both showcasing world-class logistics and production capabilities. In Sohar, the volume of trade exchange exceeded OMR 1 billion, while Khazaen Economic City began construction of the Central Fruit and Vegetable Market, scheduledtoopenin2024.

Ahmed Al Bulushi the Group Chief Asset ManagementOfficeratAsyad, praisedtheoutstanding performance of Oman’s ports and free zones, stating: "Asyad'sstrategytogrowanddevelopthelogisticssector in Oman led to an exceptional performance of the Group’s ports and free zones throughout 2022. Despite the unprecedented challenges that strained the global supply chain, we were able to improve our resource management and optimize operational integrationbetweenourbusinessunitsbycapitalizingon our maritime assets, including ports, freezones and economic cities, and Oman’s unique geographic location.”

“AspartofoureffortstoenhanceOman’sconnectivity withtheworld’smajormarkets,wemanagedtoleverage our ports, free zones and economic cities to take advantage of global challenges, establishing novel maritime lines and attracting foreign direct investments,” Al Balushi added. Asyad Group continues to successfully deliver on its strategy to reinforce its business units and bolster its integrated logistics offerings,encouragedbytheoutstandingperformanceof its ports, free zones, and economic cities in 2022. Fulfillingitsroleasatrustedgloballogisticspartnerand the main driver behind national economic growth, Asyad Group forges ahead in its commitment to affirming Oman’s standing as a global logistics hub and idealinvestmentdestination.

Maersk Innovation Center opens to accelerate supply chain innovation at an enterprise level

JERSEY CITY: Maersk officially opened the company’s new global Innovation Center on May 15, 2023. The team will focus on the entire logistics chain, using emerging technologies, taking ideas from inception to impact and developing new tools for the workforce that improve operational processes. Potential ideas will be tested as pilots and will be introduced as scalable solutionsforcustomersifsuccessful.

“Every company is navigating the macroeconomic environment, looking for new ways toensuretheirsupplychainsareresilient.Ourgoalis to ensure we bring an intelligent pipeline of business solutions to make their supply chains more agile, more responsive to market fluctuations and more competitive,” said Narin Phol, President of Maersk North America and Executive Vice President, A.P.Moller-Maersk.

The Maersk Innovation Center uses a structured approach designed to improve the business and the customer experience. Focus areas include: End-to-end supply chain transparency and traceability; solutions and models that support supply chain resilience; predictive data and analytics to optimize distribution and supply chains; climate neutral solutions/sustainability; accelerating middle mile transportation; expanded fulfilmentofferings;andeducationandtraining.

The center has already achieved numerous successes, including the partnership with Massachusetts Institute of Technology’s (MIT) Center for Transportation and Logistics to perform research at a doctoral and post-

doctoral level on supply chain challenges; new software and scanning technology from Fetch for warehouse fulfillment; new equipment and technology from Boston Dynamics to unload cartons from trailers at warehouse doors; improved accuracy of warehouse inventory management using Verity drones; testing warehouse automation processes that sort, pick and put-away merchandise in floor-to-ceiling operations, using BionicHive technology; testing new technology and ideas in the tech incubator at the Port of Ashdod, Israel; and purchasing 460 electric-powered Class 8 trucks for sustainablesolutionsinNorthAmericaasanearlyadopter ofbatterytechnologyandrouteoptimizationsoftware.

“Wewanttobuildaninnovativesupplychainecosystem for customers using the best analytics, technology, research, engineering and partnerships,” said Erez Agmoni, Global Head of Innovation (Logistics & Services)atMaersk.