NEW DELHI: The Prime Minister's Office has greenlit a comprehensive three-pronged strategy aimed at advancing India's maritime sector, with a cornerstone initiative of channeling at least Rs 25,000 crore from the Mar
(
development.
The responsibility of expanding port capacities has been assigned to the Sagarmala Development Company Limited (SDCL), which will transition into a Non-Banking Financial Company (NBFC) by 2025 to better facilitate these investments.
G A N D H I D H A M : D e e n d a y a l P o r t Authority, Kandla organized a Productive Business Meet at Board Room Administrative Office Building, Gandhidham on 13/11/2024, bringing together key stakeholders, including representatives ... Cont’d. Pg. 19
Time Height Time
Hr.
03:38
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Propel Fortune Cross Trade 20/11
CJ-II ST Andrew B S Shipping 23/11
CJ-III Eleen Sofia ACT Infraport 22/11
CJ-IV Iki Krishna Shpg. 21/11
CJ-V Ability
CJ-VI Bahiri Munira
CJ-VII Unity Explorer Genesis 20/11
CJ-VIII VACANT
CJ-IX New Harve Dariya Shipping 22/11
CJ-X SJ Busan Anline Shpg. 19/11
CJ-XI VACANT
CJ-XII SCI Chennai J M Baxi 19/11
CJ-XIII Thor Niramit Mihir & Co. 20/11
CJ-XIV Akij Moon Chowgule Bros. 23/11
CJ-XV Fareast Harmony Port & Sea Expert 24/11
CJ-XVA Wooyang Hermes Chowgule Bros. 22/11
CJ-XVI Clipper Brunello B S Shipping 21/11
TUNA VESSEL'S NAME AGENT'S NAME ETD
Liberator Arnav Shpg. 20/11
Kiran Caspian Dariya Shipping 20/11
CSSC Rotterdam Seascape 19/11
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I VACANT
OJ-II Sea Ambition Samudra 19/11
OJ-III Kaimon Galaxy GAC Shpg. 19/11
OJ-IV Melderskin Interocean 19/11
OJ-V Waregam GAC Shpg. 19/11
OJ-VI VACANT
OJ-VII Corona
SHIPS SAILED WITH NEXT
AS Alexandria 14/11
Tuticorin-Kattupalli
Anna M 14/11 Abidjan
Moonlit 14/11
APJ Jai 16/11
Propel Prosperity 16/11 U.A.E. (Abu Dhabi)
Ocean Cadence 17/11
MBS Buleleng 17/11
XT Prosperity 17/11
Tropical Star 17/11
W Huang Pu 18/11 China
Source Blessing 18/11 Nhava Sheva-Jebel AliDammam-Shuiba-Umm
Steamer's Name Agents Arrival on
Ruby Confidence B S Shipping 19/10
Future ID DBC 31/10
Obe Heart ACT Infraport 29/10
Golden ID DBC 31/10
Mohsen Ilyas Seacoast 04/11
Saronic Spirit Synergy 05/11
Grampus Ace GAC Shpg. 07/11
Iyo Sea Rishi Shipping 08/11
Suvari Kaptan DBS 05/11
Global Eternity DBC 10/11
Iberian Bulker DBC 11/11
Cosmic Tiger Seaworld 13/11
Defne J M Baxi 13/11
Dubai Knight DBC 11/11
Globe Cleopatra Interocean 12/11
Nord Tokyo Mihir & Co. 14/11
Thalia Interocean 13/11
Happy Trader Samudra 15/11
Sofia K B S Shipping 13/11
Victoria May Chowgule Bros. 15/11
CJ-XIV Akij Moon Chowgule Bros.
Stream Almeray Synergy
Stream Anna M DBC Abidjan
Stream AP Asterea Mihir & Co.
Stream Atlantis DBC Sudan
CJ-XVI Clipper Brunello B S Shipping Lome
Stream Defne J M Baxi
Stream Dubai Knight DBC West africa
Stream East Wind I Anline Shpg.
CJ-III Eleen Sofia ACT Infraport
CJ-XV Fareast Harmony Port & Sea Expert
Stream Future ID DBC
Stream Globe Cleopatra Interocean
Stream Grampus Ace GAC Shpg.
Stream Golden ID DBC
Stream Happy Trader Samudra
CJ-IV Iki Krishna Shpg.
Tuna Liberator Arnav Shpg.
Stream Mars J DBC
18/11 MO Joud DBC
Stream Mohsen Ilyas Seacoast
Stream Obe Heart ACT Infraport
In Bags
Bags 19/11 Pan Spirit Cross Trade
Stream Ruby Confidence B S Shipping Mombasa
Stream Sai Fortune Sai Shipping
Stream Sofia K B S Shipping
CJ-II ST Andrew B S Shipping Mombasa
Stream Suvari Kaptan DBC
Stream Victoria May Chowgule Bros.
Stream White Fin Interocean
CJ-XVA Wooyang Hermes Chowgule Bros.
Stream Hegagon Alpha Marinelinks Indonesia
CPO/RBD OJ-III Kaimon Galaxy GAC Shpg. Taiwan
OJ-IV Melderskin Interocean Paranagua
22/11-AM Maersk Cape Town 447S 4114109 Maersk Line Maersk India Port Casina, Mombasa (MAWINGU)
24/11 24/11-AM Maersk Brownsville 447W 4117227 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
In Port —/— Northern Guard 927E 4104021 Heung A / WHL Sinokor (I) / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 19/11 17/11 16/11-PM X-Press Carina 24046E 4114097 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 18/11 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX) 19/11 19/11-AM Inter Sydney 167 4104162 Interworld Efficient Marine China (BMM) 20/11 24/11 24/11-AM Melbourne Bridge 2407 4114232 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)
TBA Asyad Line Seabridge Marine Haiphong, Laem Chaban, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT 20/11 19/11-PM Wadi Duka 2423 4104059 Asyad Line Seabridge Marine Karachi (REX)
24/11 24/11-AM Melbourne Bridge 2407 4114232 Global Feeder Sima Marine Karachi (CSC)
24/11
(JKX)
In Port Northern Guard (V-927E) 4104021 Unifeeder Ag Nhava Sheva In Port Cap San Lazaro (V-446W) 4103912 Maersk India Jebel Ali 20/11 Inter Sydney (V-167) 4104162 Efficient Marine Nhava Sheva
CB-1 Cap San LAzaro (V-446W) Maersk India 19/11 CB-2 Northern Guard (V-927E) Unifeeder Ag 19/11
Abrao Cochin (V-22) Sohar 15-11-2024 Maersk Cairo (V-446S) Salalah 15-11-2024 Wan Hai 316 (V-221W) Nhava Sheva 16-11-2024
KMTC / Interasia KMTC (I) / Interasia
(SI8 / JAR)
19/11-AM KMTC Chennai 2409E 2404029 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS)
29/11-PM KMTC Colombo 2407E 2404175 TS Lines Samsara Shpg
25/11 25/11-AM TS Keelung 24005E 2404104 One/X-Press Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) 16/11 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX)
27/11 26/11-PM Ever Elite 170E 2404105 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 28/11 Evergreen/KMTCEvergreen/KMTC (FIVE)
30/11 30/11-PM Seattle Bridge 0093E 2403901 Evergreen/ONE Evergreen Shpg/ONE Port Kelang, Tanjin Pelepas, Singapore, Xingang, Qingdao, Ningbo 01/12 Feedertech/TS Lines Feedertech / TS Line Shanghai (CISC) TBA Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX) TO
TO LOAD FOR U.K. NORTH, MED., BLACK SEA, RED SEA, EAST EUROPE & CIS PORTS In Port —/— MSC Emanuela IS445A 2404141 MSC/SCI MSC Ag / J.M.Baxi Gioia Tauro, Feixstowe, Hamburg, Antwerp & Other Inland Destn.(HIMEXP) 19/11 18/11 18/11-AM Conti Courage IP446A 2404149 MSC/COSCO MSC Ag / COSCO Shpg. Gioia Tauro,Tangier,Southamton,Rotterdam,Antwerp, Felixstowe. Dunkirk, Le Havre 19/11 CMA CGM CMA CGM Ag.(I) & Other Inland Destination in Europe, Med,Red Sea, Black Sea Adriatic Ports (EUROPE) 24/11 24/11-AM MSC Diamond II IV447A 2404010 MSC MSC Agency Barcelona, Valencia (INDUSA) 25/11 26/11 26/11-AM
In Port
Al Rawdah 6 2404212 Safeen Feeders Samsara Shpg. Khalifa, Jebel Ali, Bahrain, Dammam, Jubair (UIG) 22/11 Yang Ming Line Yang Ming Line
27/11 27/11-0300 Maersk Atlanta 446W 24377 Maersk Line Maersk India Algeciras
30/11 29/11-1800 Maersk Columbus 447W
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS
In Port —/— One Competence 092E 24369 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 18/11 24/11
24/11-0001 One Hangzhou Bay 057E 24378 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 25/11 29/11
28/11-0800 MOL Creation 094E 29/11 20/11 20/11-1400 Xin Ya Zhou 165E 24360 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 21/11 Nansha, Port Kelang (CI1)
20/11 20/11-1400 OOCL Luxembourg 113E 24365 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 21/11 27/11
27/11-1400 Stratford 243E 24366 Gold Star / RCL Star Shpg/RCL Ag. (CIXA) 28/11 07/12 07/12-1400 Xin Da Yang Zhou 097E 08/12
21/11
21/11-0400 Dimitris Y 249E 24372 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 22/11
25/11 25/11-0600 One Responsibility 001E 24370 ONE ONE (India) (TIP)
22/11 21/11-1900 X-Press Cassiopeia 447E 24376 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 23/11 27/11 26/11-1900 GSL Christin 448E 24374 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX)
Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 26/11 26/11-1200 BLPL Trust 1411E BLPL Trasnsworld GLS Far East Ports.
19/11 19/11-0300 Seaspan Jakarta 0446W 24373 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)
27/11 27/11-0300 Maersk Atlanta 446W 24377 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL)
In Port —/— SCI Chennai 2414 24375 SCI J M Baxi Mundra, Cochin, Tuticorine.
20/11-1400 OOCL Luxembourg 113E 24365 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)
21/11 21/11-0400 Dimitris Y 249E 24372
Vishakhapatanam, 23/11 Krishnapatanam, Cochin, Mundra. (CCG)
28/11-0600 SSL Gujarat 164 SSLSSL Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1)
Port —/— One Competence 092E 24369 ONE
21/11 21/11-0400 Dimitris Y 249E 24372
HYDERABAD: The Andhra Pradesh State Government is actively seeking international partnerships to speed up port-led infrastructure growth, aiming to generate extensive employment opportunities and help achieve its ambitious goal of becoming a $2 trillion economy by 2047.
This strategy is part of the State’s vision to establish itself as a worldc l a s s m a r i t i m e h u b b y 2 0 3 0 , emphasising sustainable economic and coastal development.
A t t h e 2 9 t h E c o n o m i c Development Cooperation Fund
c o n f e r e n c e , h e l d i n S e o u l recently by the Export-Import
B a n k o f K o r e a ( K E X I M ) , Andhra Pradesh Infrastructure
a
presented this bold vision. Invited by KEXIM, Suresh Kumar is on a five-day tour in South Korea to discuss potential collaborations
His agenda includes meetings with senior officials from Korea’s shipbuilding industry, exploring partnerships for establishing shipbuilding and repair facilities in Andhra Pradesh. Meetings with leaders from Busan Port Authority, Hanjin Industries, and Hyundai Industries also underscore efforts to showcase AP’s maritime sector potential.
“Our goal is to create world-class infrastructure and attract both global and domestic investments, making the State a prime industrial hub in India by 2030,” said Suresh Kumar.
development through strategic policies and efficient governance, adding that a robust maritime industry could position Andhra Pradesh as a leader in India’s maritime sector
Currently, AP has one major port in Visakhapatnam and five smaller ports, which collectively handled 198 million tonnes of cargo in 2023. With four new non-major ports at Ramayapatnam, Machilipatnam, Kakinada (Gateway), and Mulapet expected to be operational by 2025-26 representing a combined investm
v
1
,000 crore the State’s cargo handling capacity will increase by 110 million tonnes.
m.v. “MSC THAIS” Voy : IS444A I. G. M. NO. 2392990 Dtd. 13-11-24
The above vessel is arriving at MDPT (MUNDRA) with Import cargo from ALIAGA,ANTALYA,CONSTANTA,DAMMAM, GEMLIK, HAMAD, ISTANBUL, IZMIR, JUBAIL, MESAIEED, ODESSA, POTI, SHARJAH, SINES, TEKIRDAG (ASYAPORT),YARIMCA.
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
63 MEDUDM917453
124 MEDUDM917602
121 MEDUDM917867
92 MEDUDM918717 91 MEDUDM919004 78 MEDUDM919715
77 MEDUDM920051
72 MEDUDM923154
MEDUDO455486
H701128560
H701134547 44 H701135751 20 1DE0800462024 21 MEDUFH069801 8 MEDUFH072367
KNY2409021271 62 KNY2408019375 103 MEDUIL195951 108 MEDUIL199979
Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch - 370421on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at MUNDRA
The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. 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.
In case of any query,kindly contact Import Customer Service - IN363-comm.mundra@msc.com
Get IGM No. / ITEM No. /CFS details on our 24 hrs computerized helpline No. (IVRS No.) 8169256872
You can also visit our website: msc.com/ind/help-centre/tools/import-general-manifest-information
Invoices and Delivery order request must only be done in ODEX portal uploading all supporting documents As Agents :
Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch, Mundra - 370421, (INDIA) Tel. : +91 2838615501 • Telefax : +91 2838271003
email : IN363-comm.mundra@msc.com • Website : www.msc.com Corporate Identity Number : U63090MH2001PTC133288
Cont’d. from Pg. 3
This funding will enable the construction of new terminals, breakwaters, and dredging of shallow channels, along with backend infrastructure to improve access for freight trains and trucks.
A Ministry of Ports, Shipping, and Waterways official emphasised that the substantial financial boost to SDCL for domestic port investments stands out as a critical step forward. Currently, the 12 major ports face two primary issues: financial constraints and limited physical space.
According to a 2023 Crisil report,
establishing a container terminal with a capacity of one million TEUs demands an investment between Rs 10 billion and Rs 15 billion The scale of this capital requirement
o
involvement at the initial stage.
While freight traffic through both government and private Indian ports surged by 46 per cent from FY15 to F Y 2 4 , t h i
n concentrated primarily at a few key locations: Jawaharlal Nehru Port Authority (JNPA), Deendayal, Paradip, and the Adani-operated Mundra ports.
A proposed solution involves constructing new ports in less congested, outlying areas near existing facilities, allowing the older ports to scale down over time. "The additional capital allocation to SDCL will thus be crucial," noted an industry official. India's "major ports," managed by the central government, are all in urgent need of funding to manage the expected growth in ocean-going traffic, which is anticipated to rise at an annual CAGR of nearly 5 per cent. In the first half of FY25 alone, traffic expanded by 4.6 per cent, underlining the need for accelerated investment.
first phase of the work will involve reclamation of some 800 hectares of land to build the new port for which t
p a
NAVI MUMBAI: The Board of Jawaharlal Nehru Port Authority has cleared a proposal to undertake dredging, offshore reclamation and shore protection work estimated worth Rs20,647 crores for Vadhvan Port in two phases on the Hybrid Annuity Model.
According to the proposal, the
60 percent of the contract value during the construction period of three years.
In the second phase, the balance r
m
400 hectares will be carried out in two years during which the contractor will be paid 60 percent of the contract value.
The balance 40 percent of the
contract value for both the phases will be paid to the contractor during a ten year maintenance period which will start after the two phases of off shore reclamation, dredging and shore protection works are completed in five years, sources briefed on the plan said.
T h e p r o p o s a l w i l l n o w b e submitted to the Ministry of Ports, Shipping and Waterways for onward submission to the Public Private Partnership Appraisal Committee for approval.
LIMA: Chinese President Xi Jinping recently hailed the birth of a new "land-sea channel" connecting
Asia to L atin America, as he inaugurated the first Beijing-funded port in the region "We are witnessing
the birth of a new land-sea channel between Asia and Latin America in the new era," Xi said.
N E W D E L H I : C h i n a w a s India's top import source with USD 65 89 billion, a 9 8 per cent year-on-year increase, worth of inbound shipments during the April-October period of this fiscal, according to the Commerce Ministry d a t a E x p o r t s t o C h i n a , however, dipped by 9.37 per cent to USD 8 billion.
D u r i n g t h e p e r i o d , t h e US emerged as the top export destination for the country with outbound shipments increasing by 6.31 per cent to USD 47.24 billion.
D u r i n g t h e p e r i o d , t h e top 10 import sources of India were China, Russia, the UAE, the US, Iraq, Saudi Arabia, Indonesia, Korea,
Switzerland and Singapore, the data showed.
Imports from Russia rose by 8 85 per cent to USD 38 8 billion during April-October this fiscal from USD 35.65 billion a year ago.
Similarly, the inbound shipments from the UAE rose by 55.12 per cent to U S D 3 8 . 6 4 b i l l i o n f r o m USD 24 9 billion in the first seven months of the last fiscal.
During the period, the top 10 export destinations of the country w e r e t h e U S , t h e U A E , t h e N e t h e r l a n d s , t h e U K , C h i n a , Singapore, Saudi Arabia, Bangladesh, Germany and Australia.
Exports to the UAE rose by 15.86 per cent from USD 18 billion
during April-October 2023 to USD 20.93 billion during April-October this fiscal.
In 2023-24, the US was India's largest trading partner, followed by China.
China was India's top trading partner from 2013-14 till 2017-18 and in 2020-21. Before China, the UAE was the country's largest trading partner. The US was also India's largest trading partner in 2021-22 and 2022-23.
Further in October, imports from the UAE, with which India has a free trade agreement, jumped by 70 37 per cent to USD 7 18 billion, while exports grew by 43.32 per cent to USD 3.72 billion.
m.v. “MSC BRANKA” Voy : XA443A
I. G. M. NO. 2393180 DTD. 15-11-24
The above vessel has arrived at MDPT (MUNDRA) with Import cargo from BREMERHAVEN,FELIXSTOWE,HAMBURG, KRISTIANSAND, LE HAVRE, LONDON GATEWAY PORT, MONTOIR DE BRETAGNE, POINTE DES GALETS, PORT LOUIS, ROTTERDAM.
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
66 MEDUK5855433
213 LHRS24040562
106 MEDUK5895686
167 MEDUO7007471
161 488545987RTM
108 MEDUO7076831
170 MEDUO7088851
135 MEDUO7097167
186 MEDUO7101688
67 MEDUPT135506
113 MEDUVM057372
36 MEDUAY338207
90 MEDUAY482633
208 PRG2143MUNDRA
200 MEDUDY326818
157 MEDUF5811031
139 MEDUF5834264
54 HLEH034529
92 MEDUFV738093
217 HAJ240002288
1 MEDUFV758653
132 MEDUFV774239
25 MEDUFV777943
34 MEDUFV791589
40 MEDUFV817616
84 MEDUFV829041
178 MEDUFV836251
45 MEDUFV843810
160 487655135MUC
131 MEDUFV858883
47 MEDUFV866555
38 MEDUFV873254
194 MEDUFV876125
49 MEDUFV881802
153 MEDUFV884905
165 MEDUFV889722
142 MEDUFV890951
220 CTLTHA0000583748
79 LEJ240000673
77 EMN2401749
110 MEDUFV910122
53 MEDUFV911831
46 MEDUFV920303
203 MEDUFV929130
85 MEDUFV935855
21 MEDUFV971801 26 MEDUFV974136 73 INE109240100 176 MEDUK5807095 5 MEDUK5809976 173 MEDUK5815965 122 MEDUK5818514
MEDUK5882023
EXP028079A
RTM47977343
AMSSH003169
PRG2144MUNDRA
MEDUDY326834
243410015001
HLEH034616
MEDUFV772720
HAMSE24090034
242409203001
487638052MUC
Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch - 370421 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at MUNDRA
The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. 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.
In case of any query,kindly contact Import Customer Service - IN363-comm.mundra@msc.com
Get IGM No. / ITEM No. /CFS details on our 24 hrs computerized helpline No. (IVRS No.) 8169256872
You can also visit our website: msc.com/ind/help-centre/tools/import-general-manifest-information Invoices and Delivery order request must only be done in ODEX portal uploading all supporting documents
Commerce Secretary Sunil Barthwal said if this trend con nues, India will be able to export goods and services worth $800 billion during this financial year
N E W D E L H I : I n d i a ’ s merchandise exports grew at the fastest pace in 28 months in October, witnessing double-digit growth of 17.3 per cent year-on-year (Y-o-Y) to touch $39.2 billion, due to inventory build-up in the Western countries ahead of the Christmas season.
However, the imports hit an alltime high of $66.34 billion in October, growing at 3.9 per cent, leading to a widening of the trade deficit, or the gap between imports and exports, to $27 1 billion from $20 8 billion in September, data released by the Commerce Department showed.
On the brighter side, nonpetroleum and non-gems and jewellery exports, an indication of a clearer parameter of exports’ health and domestic manufacturing, grew 27.7 per cent to touch $31.36 billion in the previous month.
Exports growth was driven by higher demand for items such as engineering goods (39 4 per cent), c h e m i c a l s ( 2 7 3 5 p e r c e n t ) , electronic goods (45 7 per cent), readymade garments (35 1 per cent) and rice (85 8 per cent)
On the other hand, exports of petroleum products, with a 12 per cent share in India's export basket, continued to contract in October (-22 1 per cent) at $4.6 billion due to sustained declineinglobalcrudeoilprices
Commerce Secretary Sunil Barthwal said exports performance
this year will be better than last year and if the trend continues, India will be able to export goods and services worth $800 billion during this financial year.
“October is also the time when inventory build-up happens for Christmas sales. Prima facie, what I feel is that this Christmas sales looks better than last year,” Barthwal said.
Commerce Secretar y Sunil Barthwal added, “Perhaps, that is also reflecting that we are able to contribute more in terms of exports to these countries.”
On a cumulative basis, during April-October, exports saw 3 2 per cent growth at $244.5 billion while imports grew 5.7 per cent at $416.9 billion leading to a trade deficit of $164.65 billion during the same period.
“Our strategy of focusing on certain sectors, countries are perhaps now yielding results Our manufacturing competitiveness, which is coming due to focus on the PLI (Production Linked Incentive) s c h e m e , i s y i e l d i n g r e s u l t s Ultimately, a country’s exports are an extension of its manufacturing competitiveness,” Barthwal said.
The jump in imports in October was led by shipments of items such as crude oil (13.3 per cent), electronic goods (6.8 per cent), vegetable oil ( 5 0 9 p e r c e n t ) , m a c h i n e r y (8.7 per cent), non-ferrous metals (26.1 per cent), into the country
Non-petroleum and non-gems and jewellery imports grew at a faster pace of 5.3 per cent as compared to overall imports of items. Gold imports continued to remain high at $7.14 billion, despite a 1 per cent year-onyear contraction in October.
Aditi Nayar, Chief Economist and Head of Research and Outreach at ICRA, said the merchandise trade data for October displayed divergent trends, with a sharp rise in the trade deficit in sequential terms, amid a sizable moderation relative to October last year
“ O n e o f t h e c h i e f r e a s o n s underpinning the sequential rise in the trade deficit appears to be a jump in the volume of crude oil imports, as well as the festival season-led uptick in gold imports. Looking ahead, we expect the current account deficit to ease to 1.2 per cent of GDP in the ongoing quarter (Q3) from an estimated 1 8 per cent of GDP in Q2FY25, and settle around 1 per cent of GDP for the year (FY25) as a whole," she added.
Services exports saw 21.3 per cent growth at $34 billion in October, while services imports witnessed 26.3 per cent rise to $17 billion, resulting in a surplus of $17 billion.
The services trade data for October, however, is an “estimate”, which will be revised based on the Reserve Bank of India’s subsequent release.
NEW DELHI: Reacting to the October, 2024 merchandise exports of USD 39 2 billion, which surged impressively with a high double-digit growth of 17.25%, the highest in recent t i m e s , s a i d F I E O Pr e s i d e n t , Mr Ashwani Kumar.
FIEO Chief added that such an impressive double-digit growth in m e r c h a n d i s e e x p o r t s , a m i d s t c o n t i n u i n g g l o b a l e c o n o m i c uncertainties is definitely very encouraging sign of revival. Mr Kumar further added that the ongoing international trade disruptions along with the volatility in crude and metal prices have also played key role in increasing the value of exports to some extent. The rising tensions between Israel-Iran has continuously led to logistical challenges with regard to international trade getting impacted as most of our trade to Europe, Africa, CIS and Gulf region are happening
through the Red Sea route or the gulf region prompting buyers to have little large inventories. He also said that the continuous hard work put in by the exporting community have started showing the results, which may continue in similar fashion during the c o m i n g m o n t h s H o w e v e r, t h e challenges with regard to trade finance still remains the key for the MSMEs as i t i s r e a l l y i m p a c t i n g t h e competitiveness of Indian products in the global markets.
FIEO President said that as imports increased by about 3 9% to USD 66.34 billion during October 2024 it resulted in the increase of trade deficit to USD 27.14 billion during the month, which needs to be looked into.
FIEO President, Mr Ashwani Kumar further reiterated that the urgent and immediate need of the hour is to take steps on the liquidity front with deeper interest subvention
support and extension of interest equalisation scheme for at least 5 years, creating a predictable b u s i n e s s e n v i r o n m e n t f o r t h e exporters. The imposition of cap of Rs 50 lakh per company in the Interest Equalisation Scheme has hit many MSMEs and they have lost order with non-availability of further s u b v e n t i o n P r e s i d e n t F I E O demanded immediate restoration of the Intertest Equalisation Scheme with a cap of Rs 10 Crore for all MSMEs and 410 tariff lines for a p e r i o d o f 5 y e a r s B e s i d e s , Government should extend the RoDTEP benefits to all sector of exports as available during pre-Covid times Conclusion of some of the key FTAs including UK, Peru, Oman and Sri Lanka should also soon see the light of the day, which FIEO have been urging to the government for quite some time now, added Mr Kumar
m.v
The above vessel is arriving at Mundra on 18-11-2024 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.
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.
I. G. M. NO. 2393210 DTD. 15-11-2024
The above vessel is arriving at Mundra on 18-11-2024 as per following details.
Item Nos. B/L NOS.
1 EPIRAEESAD260514
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.
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.
NEW DELHI: India's trade relations with the US will continue to grow irrespective of the change i n r e g i m e i n A m e r i c a , a t o p government official said recently. According to the commerce ministry data, India's exports to the US jumped to USD 39 2 billion in October against USD 21 46 billion in October 2015
During 2001-23, at a Compounded Annual Growth Rate (CAGR), India's exports to America rose by 10.48 per cent. In this period, the US imports from the world have grown by 4.76 per cent.
"Our (India-US) integration is growing and we are getting bipartisan support. whatever is the regime (in the US), we are finding that our economic integration with the US is increasing over the period of time...and that is a good thing for us and I trust that it will continue (to grow)," Commerce Secretary Sunil Barthwal told reporters here.
He added that the two economies have strongly integrated with each other through various agreements, including the IPEF (Indo-Pacific Economic Framework for Prosperity) and other bilateral mechanisms.
"We are able to have a sustained growth in terms of exports and imports," he said.
The data is showing not only the resiliency but also better integration with the US value chains and "this is very positive factor which is across all presidencies," he added.
When asked whether India would ask for the proposed mini-trade deal which was discussed during the first Trump administration, the secretary said that presently the Presidentelect is building his team and once that team is in place, there will be policy pronouncements from them and based on that "we will be also taking a call".
The US is the largest trading partner of India in 2023-24. India's exports stood at USD 77.51 billion, while imports aggregated at USD 42.2 billion in the last fiscal.
During April-October this fiscal, the country's exports to America rose by 6.31 per cent to USD 47.24 billion, while imports grew by 2.46 per cent to USD 26 billion.
A d d i t i o n a l S e c r e t a r y i n the Department of Commerce Rajesh Agrawal said that in the services area also, India's exports and imports have registered healthy growth with the US.
Trade experts have stated that Indian exporters may face high customs duties for goods like a u t o m o b i l e s , t e x t i l e s a n d pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts.
Experts have said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms.
Over 80 per cent of India's IT export earnings come from the US.
The US is India's largest trading partner, accounting for over USD 190 billion of annual trade.
Global Trade Research Initiative (GTRI) Founder Ajay Srivastava has said that Trump may extend tariffs beyond China to include India and other countries.
Trump had earlier called India a "large tariff abuser" and in October 2020 labelled India as the 'tariff king'.
These remarks suggest that Trump's second term could bring tougher trade negotiations, he has said.
Inter national trade expert Biswajit Dhar said that Trump would increase tariffs in various sectors as he has to follow his call for MAGA (Make America Great Again).
Between FY 2020 and FY 2024, India's merchandise exports to America rose by 46 per cent from USD 53.1 billion to USD 77.5 billion.
Imports from the US also grew to USD 42.2 billion last fiscal from USD 35.8 billion in 2019-20.
On the other hand, trade in services between the two nations expanded 30.3 per cent from USD 54.1 billion in 2018 to an estimated USD 70.5 billion in 2024.
India is also a key destination for American businesses such as professional, scientific, and technical services, manufacturing, and IT Washington is the third largest investor India received USD 66 7 billion of FDI inflow between April 2000 and June 2024.
NEW DELHI: With US Presidentelect Donald Trump intending to impose substantially higher tariffs on Chinese goods, India should utilise this to its advantage by manufacturing electronics hardware products and exporting them to the US, said Ajai Chowdhry, Co-Founder of HCL.
Chowdhry, also the Chairman of the Mission Governing Board of the National Quantum Mission (NQM), emphasised the need for making India a hardware product nation, raising concerns that India no longer has any major electronic brands.
He informed that under the NQM all the four Section 8 companies are expected to come up in the next one week under the aegis of the country’s premier institutes to undertake various activities under the mission.
“Now Donald Trump is coming in as the US President. He is going to
impose a 60% duty on all Chinese products He is going to impose 20 per cent duty on all other imports. India is a very trusted source, the US trusts us. So, if we create products in India and export from India, we would have a 40 per cent advantage. So it opens up a huge market for Indian products. Can you imagine the benefit of designing and making in India? So this kind of thinking we should do in the country,” Chowdhry said.
According to him, presently under the production-linked incentives ( P L I ) s c h e m e f o r h a r d w a r e manufacturing a very low value addition work is happening in India. The country needs to create Indian brands for the world.
“Whatever manufacturing in the hardware space in India is happening is happening at 5 per cent, 10 per cent or 15 per cent value addition. We must move up now. The value addition
should come from design And if we design in India and create Indian brands, then we make products in India for India and then for the world, we will be much better off,” he said.
Noting that India till now has been totally service oriented, Chowdhry said it was very concerning that manufacturing hardware products were being neglected.
He said he started the EPIC Foundation with a single objective to make India a hardware product nation.
On the National Quantum Mission, Chowdhry said each of the four independent Section 8 companies, in which the thematic parks will be housed, will have a board and a CEO
“Most of the companies are ready to start. Their boards will have people from the private sector also. In the next one week all the four companies will come up,” he added.
m.v. “SHIMIN” V-24E I G M No. : 2392816 Dtd. 11-11-2024
The above vessel has arrived at Mundra on 15-11-2024 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.
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.
m.v
I G M No. : 2393175 Dtd. 15-11-2024
The above vessel has arrived at Mundra on 17-11-2024 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.
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.
NEW DELHI: The Commerce Ministry is pitching for air cargo to ship products such as textiles, pharmaceuticals, electronics and perishables that rely on swift delivery as disruption in the Red Sea trade route has increased freight costs, two people aware of the development said.
“The government is considering measures to promote this segment, i n c l u d i n g t a x i n c e n t i v e s , rationalization of aviation turbine fuel p r i c e s , a n d i n f r a s t r u c t u r e development for handling air cargo,” said one of the two people cited above requesting anonymity. “Expanding cargo capacity is also a priority To reach our export target of $2 trillion by 2030, collaboration across all sectors is vital, and air cargo will play a key role.”
India’s strategic location between Europe and Asia positions it well to benefit from rerouted cargo flows, the person said.
India depends on the Suez Canal for trade with Europe, North Africa, and the Americas, which together make up around 30% of its total foreign trade worth $433.09 billion in FY24, mainly in the container sector. But shipping costs have been rising d u e t o d e l a y s a n d i n c r e a s e d insurance premiums, and there is also the heightened risk of goods being damaged or seized in attacks during transit.
While the share of air cargo is insignificant at 2-3% of India’s total freight volume, following the Red Sea crisis that started in October last year, demand surged as businesses sought quicker and more secure ways of transport. Key air transit hubs like Dubai, Colombo, and Bangkok recorded significant increases in cargo volumes headed to Europe, with Dubai-Europe traffic rising by 71%, Colombo-Europe by 61%, and Bangkok-Europe by 58% in early 2024.
A c c o r d i n g t o A j a y S a h a i , Director-General, Federation of Indian Export Organisations (FIEO), the growth potential of air cargo exports “is immense, especially with the changing export profile, particularly the rise of sophisticated items such as iPhones and high-value textiles”. “These shipments need to be airlifted due to their value and time sensitivity Additionally, smaller electronic goods are increasingly being exported through air freight,” he said.
India’s merchandise exports for the first half of fiscal year 2024-25 reached $211 46 billion, showing a slight increase from $209.38 billion a year earlier Exports of India-made iPhones reached nearly $6 billion, a 33% increase from the previous year, putting the total on track to exceed $10 billion in fiscal year 2024. Export of textiles stood at $17.64 billion in first
half of FY25, up from $16.79 billion a year earlier
According to Mordor Intelligence, India’s air cargo industry is projected to reach a market size of $17.22 billion by 2028, growing at a CAGR of 5.65% from 2023 to 2028.
“With a shift towards more sophisticated exports—typically low in volume but high in value air freight demand will increase,” Sahai said. “This aligns with India’s longterm growth plan for this sector, which will focus on meeting the needs of these high-value, low-volume shipments.”
India currently has 38 operational domestic air cargo terminals, including 27 additional terminals built since 2014 by the Airports Authority of India (AAI) and its subsidiary, AAI Cargo Logistics and Allied Services Company Ltd.
Still, according to a report by industry lobby Ficci and KPMG, Indian air cargo industry faces several challenges. These include high dwell times, congested cargo terminals, and inefficient use of belly cargo capacity Damaged or nontraceable cargo and reliance on manual processes and other such issues. The report attributed these problems to lack of supporting infrastructure, complex procedures, limited technology adoption, and human resource limitations.
N E W D E L H I : S & P G l o b a l
Ratings has projected the Indian
e c o n o m y t o g r o w b e t w e e n 6.5-7 per cent annually in the three fiscal years till March 2027 as infrastructure spending and private c o n s u m p t i o n d r i v e g r o w t h momentum In its global bank outlook report, S&P also said that good economic growth prospects will continue to support banks' asset
quality, while healthy corporate balance sheets, tighter underwriting standards and i
d risk management practices will further stabilise asset quality
It said structural improvements and good economic prospects will support the resilience of India's financial institutions.
"India's infrastructure spending and private consumption will support
robust economic growth. We forecast GDP will expand 6.5-7.0 per cent annually in fiscal years 2025-2027 (year ending March 31). India's good economic growth prospects will continue to support banks' asset quality," S&P said. Fo
R
economic growth to be 7.2 per cent, lower than 8.2 per cent in 2023-24.
OSLO: “During the first 10 months of 2024, coal shipments to advanced economies fell 6% y/y. Import demand weakened, particularly in Europe, where it fell 22% y/y as countries continued to decarbonise their electricity generation. At this rate, shipments to advanced economies will reach a 15-year low in 2024,” says Filipe Gouveia, Shipping Analyst at BIMCO.
Thermal coal shipments fell by 9% y/y as electricity generation from coal decreased, especially in Europe. In A s i a n a d v a n c e d e c o n o m i e s , shipments only fell 4% y/y, as higher temperatures increased electricity demand for air conditioning. Coking
coal imports in advanced economies rose 1% y/y, even as steel production marginally decreased. Coking coal is used to produce virgin steel but not recycled steel.
S h i p m e n t s t o a d v a n c e d economies are falling for the second consecutive year in 2024, but their share of global coal shipments has been falling for longer In 2009, the last time the volumes were this low, these economies were the destination of 57% of global coal shipments compared to only 30% today
“The volume loss so far in 2024 is equivalent to a 0.5% decrease in global dry bulk cargo, primarily affecting the capesize market. Despite this,
global coal shipments have still risen, supported by strong shipments to emerging economies,” says Gouveia. Looking ahead, both thermal and coking coal imports in advanced economies are expected to continue falling due to decarbonisation. Investment in electricity generation from renewables, and in recycled steel production,isexpectedtoincrease
“Import demand in emerging economies could also weaken soon. Both electricity generation from renewables and domestic mining in importing countries are on the rise. As decarbonisation efforts increase, global coal shipments are forecast to fall 1-2% in 2025,” says Gouveia.
m.v “KMTC DUBAI” V-2406E I G M No. : 2392632 Dtd. 08-11-2024
The above vessel has arrived at Mundra on 14-11-2024 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.
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.
m.v.
I G M No. : 2392727 Dtd. 10-11-2024
The above vessel has arrived at Mundra on 14-11-2024 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.
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 :
Cont’d. from Pg. 3
Terminal (KICT), Gateway
container stakeholders.
The meeting was initiated by the Traffic Manager, who highlighted that regular oneon-one discussions with stakeholders will significantly enhance container operations and strengthen business at Kandla International Container Terminal (KICT).
The officials of the Gateway Distriparks while giving the presentations informed that they are ready to give rail connectivity from Viramgam to KICT immediately for which they requested all liners to utilise the facilities of their ICD.
The session concluded with fruitful exchanges and valuable insights from all attendees, fostering a collaborative approach to furthering the container business at Kandla.
Shri Sushil Kumar Singh, IRSME, ChairpersonDPA commended the Business Development Team of
the Traffic Department for organizing the event and emphasized the importance of conducting similar business meets in high-potential areas to drive growth. Deputy Chairman expressed his gratitude to all participants for their active engagement and contributions to the meeting’s success.
NEW DELHI: Shri Ravinder Goyal-Member
O
s & B
D e v e l o p m e n t ( M o B D ) , Railway Board, Govt of India, inaugurated state-ofthe-art LNG station and flagged off 1st LNG powered road trailer with container at C O N C O R’ s M u l t i m o d a l L ogistics Park (MMLP) located on Western DFC at Khatuwas (Rajasthan) on 14th November 2024, in presence of Shri Sanjay Swarup, CMD/CONCOR and other senior officers of Indian
Railways and CONCOR M o B D a l s o p l a n t e d a sapling at MMLP Khatuwas to mark this event.
E c o - F r i e n d l y & Sustainable: LNG reduces C O ₂ , S O x , N O x , a n d particulate matter while being 30% quieter than diesel, supporting green logistics and ESG goals CONCOR has taken this initiative to provide 1st / L a s t M i l e s e r v i c e t o
customers using ecofriendly fuel.
This LNG Station has been setup in collaboration with IOCL, informs a CONCOR Communique.
S E O U L :
H M M h a s witnessed its Profits soared
i n Q 3 a m i d s t r o n g m a r k e t dynamics, informs a recent communique from HMM.
Key Highlights -
▶ The revenue for Q3 KRW 3,552 billion, with a net profit of KRW 1,739 billion and an operating profit of KRW 1,461 billion.
▶ For the cumulative period from Q1 to Q3, revenue reached KRW 8,545 billion, net profit of 2,884 billion, and operating profit of KRW 2,513 billion.
Financial Results (Consolidated)
▶ The Q3 operating margin is 41.1%, as the most advanced level among global carriers.
▶ The Shanghai Containerized Freight Index(SCFI) increased from 986 points in Q3 2023 to 3,082 points in Q3 2024, more than tripling over the year
▶ Profit growth and enhanced c o m p e t i t i v e n e s s w e r e achieved through launching and operating new service routes and a strengthened focus on profitability-driven sales.
Outlook & Plans
• (Container Division) Q4 market outlook is weak due to the off-peak season, although U S port strikes m a y c a u s e s u p p l y uncertainty Starting in February 2025, the ‘Premier Alliance + MSC’ partnership will optimize our transport network and boost revenue.
• (Bulk Division)Despite the winter peak, demand uncertainty and economic risks remain HMM is focused on maximizing profitability through longterm contract extensions and new agreements.
