J
Baxi
TUTICORIN: J M Baxi Ports & Logistics is proud to
operations at the Tuticorin Container Terminal, a state-of-the-art maritime facility located at the V.O. Chidambaranar Port on the southeast coast of India Positioned strategically in the Gulf of Mannar, this state-of-the-art facility is poised to become a key hub for container traffic, linking India with Europe, the USA, and other global markets
India focussing on Shipbuilding : MoPSW Secretary
THOOTHUKUDI: India, which is creating massive infrastructure to become world’s third largest economy in near future, is keen on building ships and creating all allied facilities in the country as part of its quest for becoming maritime leader by 2030, Secretary of Shipping, Port and Waterways T.K. Ramachandran has said.
“This ambitious initiative aims to consolidate shipbuilding capabilities across regions, fostering greater efficiency and innovation. By integrating resources and expertise from various states, the park is set to become a key hub for the maritime sector, driving growth and reinforcing India’s position on the global shipbuilding stage,” MoPSW said in a statement.
“We are actively working on creating an ecosystem here to transform India into a centre of gamut of shipping industry facilities in the country, including building, repairing, flagging and arbitration, instead of relying upon others,” Mr. Ramachandran said at a function organised at V.O. Chidambaranar Port Authority, where the 9th berth has been converted into Tuticorin International Container Terminal and dedicated to the nation.
“States are also awaiting developments from the Union front on getting a major global shipyard to invest in the country This will be a challenge, but once it is achieved, several states and investors are likely to follow suit and things will move much faster,” an official said.
Key Features of the Tuticorin Container Terminal:
• Strategic Location: Situated close to the East-West international sea route, the terminal offers seamless connectivity to global trade routes, including the Australian, African, Suez, and Gulf lanes. It serves as a vital link in the global supply chain.
• Advanced Infrastructure: The terminal features a 370-meter quay, a 14.2-meter draught, and advanced cargo handling equipment, including three postPanamax cranes and nine electric rubber-tyred gantry cranes, with a handling capacity of 0.6 million TEUs annually
J M Baxi Group Inaugurates Tuticorin Container Terminal: A New Gateway for East-West Trade
Cont’d. from Pg. 4
•Efcient Connectivity: With robust road, rail, and air links, the terminal is a vital node for east-west coastal and Export Import trade, serving a large hinterland including Tamil Nadu, Karnataka, and Kerala. Additionally, its proximity to an international airport enhances its logistical advantages.
• Environmental Sustainability: The terminal is equipped with eco-friendly electric cranes and reach stackers, reflecting the J M Baxi Group's commitment to sustainable and green port operations.
The 'Rio Grande Express,' a Hong Kong-flagged vessel run by Hapag Lloyd, made its maiden call at the terminal as part of the inaugural operations. This event
NLP brought remarkable changes in logistics sector : Ketan Kulkarni, Deputy MD , Gati Express and Supply Chain
M U M B A I :
On completion of two years of l a u n c h o f National Logistics Policy Mr Ketan Kulkarni, Deputy Managing Director, Gati Express and Supply Chain Pvt. Limited (GESCPL) said, "Over the past two years, the National Logistics Policy (NLP) has brought remarkable changes to India’s logistics sector. The government’s focus on developing logistics parks, warehousing, and transportation networks has been crucial in connecting various modes of transport and improving infrastructure. This progress is helping reduce transit times and boosting supply chain efficiency across the country
At Allcargo Gati, we are excited about these developments and are closely aligned with the NLP’s vision for a more efficient and sustainable logistics ecosystem. Our efforts in digital transformation and sustainability reflect the policy’s goals, driving us to improve processes, build partnerships, and enhance performance. The Unified Logistics Interface Platform (ULIP) has been a game-changer, enabling real-time data exchange and better integration of digital systems. This is helping optimize supply chain operations and ensure smoother, faster cargo movement, supported by cutting-edge technology and data.
As we move forward, Allcargo Gati remains committed to supporting India’s logistics sector, adding Gati Shakti to the logistics needs of Bharat, working towards lower logistics costs and a more connected, efficient, and green network."
marked a significant milestone for the terminal, reflecting its readiness to accommodate global shipping operations and reinforcing the collaborative efforts that continue to shape the region's maritime future.
As part of the J M Baxi Group’s commitment to diversity, 40% of the workforce at the terminal consists of women. Thus reflecting on their ongoing dedication to creating an inclusive and empowering workplace, as well as setting a new standard in the maritime industry
With the commencement of full operations, the terminal is set to transform container handling in South India, reducing transit times and fostering e c o n o m i c d e v
The enhanced connectivity and capacity will not only boost trade volumes but also generate employment opportunities and further strengthen India's position in global trade
Mr. Ketan Kulkarni
Asyad Express drives Regional E-commerce Growth with Strategic Global Alliances
MUSCAT: Asyad Express, part of Asyad Group, has forged a series of s t r a t e g i c p a r t n e r s h i p s w i t h
prominent global e-commerce and retail companies These collaborations connect Asyad Express's robust regional network with established global players, fostering seamless delivery solutions for businesses of all sizes. Providing local, regional, and global express delivery service and e-commerce solutions, Asyad Express plays a strategic role in delivering on the company’s mission to reshape the regional e-commerce landscape.
Partnering with renowned brands such as Amazon, ASOS, Shein, iHerb, Evri, Landmark Group, and Mumzworld, Asyad Express leverages its extensive logistics capabilities to streamline online purchasing processes, ensuring faster and more reliable delivery services throughout the region. These alliances are tailored to enhance the efficiency of online retail operations and elevate customer service standards, positioning Asyad Express as a central figure in the narrative of regional ecommerce growth. In 2023 and early 2024, Asyad Express supported three major fashion brands, ASOS, Shein, and Landmark Retail with over USD $ 12 million in logistics support and delivery services covering Saudi Arabia, Bahrain, Kuwait, Qatar, and the UAE.
Joining forces with Evri, the UK’s largest retail and ecommerce parcel delivery company, is a noteworthy step towards transforming e-commerce and e-fulfillment logistics across the Middle East It offers substantial opportunities for major online companies from the UK, Europe, the US, and China, capitalizing on Asyad Express’s robust logistics network and infrastructure. Leveraging its geographical location and state-of-the-art logistics infrastructure, Asyad Express is poised to attract a wide
array of international online businesses, further cementing the Sultanate as a leading global logistics hub.
Key initiatives like Asyad Express’s collaborations are instrumental in propelling the growth of e-commerce in the MENA region, which is experiencing rapid expansion. The e-commerce market is projected to reach nearly $57 billion by 2026, driven by increased internet penetration, digital payment platforms’ popularity, and a tech-savvy demographic.
These strategic partnerships not only bolster Asyad Express’s competitive position but also aim to elevate Oman as a key hub for online shopping in the Middle East Leveraging its geographical location and state-of-the-art logistics infrastructure, Asyad Express is poised to attract a wide array of international online businesses, further cementing the Sultanate as a leading global logistics hub. Through joint ventures and continuous innovation, the company is envisioned to lead the transformation of the regional e-commerce landscape, contributing to Oman's vision for a thriving digital economy
m.v. “MSC GREENWICH” Voy : IP437A I. G. M. NO. 2388223 DTD. 16-09-2024
The above vessel has arrived on 18/09/2024 at MDPT (MUNDRA) with Import cargo from AARHUS, ANTWERP, BREMERHAVEN, CORK, FELIXSTOWE, FREDERICIA, GAVLE, GOTEBORG, GRANGEMOUTH, GREENOCK, HALMSTAD, HAMBURG, KRISTIA NSAND, LE HAVRE, LONDON GATEWAY PORT, LUBECK, OSLO, PORTBURY, TEESPORT.
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
MUNDRA
75 MEDUAK210345
177 MEDUAY134143
7 MEDUAY171954
N32408S004
194 MEDUK5670931
191 MEDUK5672804
130 MEDUK5676227
80 MEDUK5678694
67 MEDUK5685558
19 MEDUK5697009
215 MEDUUX188920
167 MEDUUX203349
216 MEDUUX215061
217 MEDUUX224741
143 MEDUVF215143
192 MEDUVF488179
134 MEDUAK210360
2 MEDUAY164736
15 MEDUAY171962
131 MEDUAY219647
234 MEDUAY227913
132 MEDUAY256151
145 MEDUAY276621
178 MEDUAY278890
142 MEDUBJ850503
174 MEDUCK289196
235 MEDUDY299940
209 MEDUF5596434
219 MEDUF5630456
158 1060273325
43 MEDUFV440740
36 MEDUFV450889
105 480453435HAM
236 MEDUFV485315
176 MEDUFV498094
151 MEDUFV506334
99 MEDUFV512860
13 MEDUFV517562
1 MEDUFV527637
92 MEDUFV531282
68 MEDUFV543352
96 MEDUFV548989
128 MEDUFV561594
190 481264316HAM
42 MEDUFV583978
60 MEDUFV586021
62 INE107240098
175 MEDUFV598307
221 HAJ240001756
70 EMN2401540
85 MEDUFV611183
150 MEDUFV625589
46 DE2470258
11 MEDUFV638939
227 MEDUFV639432 161 MEDUFV661436
MEDUVF203743
481263715HAM
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 :
MSC AGENCY (INDIA) PRIVATE LIMITED
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
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
TODAY’S TIDE 19/09/2024
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I AG Valiant Interocean 23/09
CJ-II Obe Dinares Interocean 20/09
CJ-III AM Ocean Pride Chowgule Bros. 22/09
CJ-IV Libra Anline Shpg. 21/09
CJ-V Hai Nam 89 J M Baxi 20/09
CJ-VI Union Glory J M Baxi 23/09
CJ-VII Marwah Island Seascape 21/09
CJ-VIII VACANT
CJ-IX KM Hakata Chowgule Bros. 21/09
CJ-X ZX Glory Asia Shpg. 22/09
CJ-XI VACANT
CJ-XII VACANT
CJ-XIII Seastar Viking Synergy 25/09
CJ-XIV SSI Resolute Cross Trade 24/09
CJ-XV Vipha Naree Rishi Shpg. 21/09
CJ-XVA Wonderful SW DBC 24/09
CJ-XVI African Seto Mihir & Co. 23/09
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Kruibeke Seaworld Shpg. 20/09
OJ-II Legacy 2 Samudra 20/09
OJ-III UACC Manama
OJ-IV Hanyu Azalea Seaport 20/09
OJ-V Stolt Acer J M Baxi 20/09
OJ-VI Gulf Baynunah Interocean 20/09
OJ-VII Nakhal Silver
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
TCI Express 16/09 Manglore-CochinTuticorin-Chennai
Source Blessing 16/09 Nhava ShevaJebel Ali DammamShuiba-Umm Qasr
FPMC B 201 18/09
Da Hong Xia 18/09 China
Dawn Haridwar 18/09 Mumbai
African Avocet 19/09 USA
Howes Joanna 19/09
Prince Khaled 19/09 Somalia
TCI Anand 19/09 Manglore-CochinTuticorin-Chennai
SCI Chennai 19/09 Manglore-CochinTuticorin-Chennai
SSI Resolute 19/09
Bulk Mustique 19/09
Steamer's Name Agents Arrival on
Golden ID DBC 30/08
Suvari Kaptan DBC 09/09
MO Joud DBC 13/09
Kurushima DBC 16/09
Great Beauty Mitsutor 16/09
Lila Frostburg Interocean 17/09
Mohsen Ilyas Seacoast 15/09
Ru Yi II Rishi Shpg. 09/09
Stream Doctor O DBC
Stream Golden ID DBC
25/09 Haje Nafela DBC
Stream Laker Benline
CJ-IV Libra Anline Shpg.
Stream Lila Frostburg Interocean
Stream Mohsen Ilyas Seacoast
Stream MO Joud DBC
CJ-II Obe Dinares Interocean
Stream Pacific Gas Chowgule Bros. China
Stream Ru Yi II Rishi
Stream Suvari Kaptan DBC
19/09 TS Challengs Cross Trade
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
Stream Amis Brave Shantilal Shpg.
Stream Berge Scafell Pike Synergy
Gautam Rehansh Ocean Harmony
Stream Great Beauty Mitsutor
Bleached Hard Wood CJ-V Hai Nam 89 J M Baxi China
T. Alumina Ball (J.Bags) INIXY124080482
Stream Kurushima DBC Japan 3,867/742/409 T. CRC/S. Bars/Prj Cargo INIXY124090794
Stream Kuwana DBC Japan 1,415/3,843 T. CRC/Pkgs (175/423 Pcs) INIXY124090804
CJ-VII Marwah Island Seascape 59,835 T. GYPSUM
CJ-XIII Seastar Viking Synergy Malaysia 34,716 CBM T. Logs
CJ-VI Union Glory J M Baxi China 14,102/5,903/5,258/1,917/204 T. Plates/CRC/HRC INIXY124080667
CJ-XVA Wonderful SW DBC Malaysia 28,371 CBM P Logs 22/09 Xenia Interocean 76,865 T. Sugar Bulk CJ-X ZX Glory Asia Shpg. 8,354/3,416/906 T. PVC Resin Bags/ INIXY124080695 Polyvinyl Chloride Bags/ Pkgs
LIQUID CARGO VESSELS
Stream Bow Agathe GAC Shpg. USA
T. Chemicals 21/09 Bow Palladium GAC Shpg. Singapore
19/09 CNC Dream Samudra Saudi Arabia
19/09 DM Condor Samudra Singapore
OJ-IV Hanyu Azalea Seaport
Stream Ginga Saker GAC Shpg. Kuwait
OJ-VI Gulf Baynunah Interocean
19/09 Hakone Galaxy GAC Shpg.
Chem In Bulk 21/09 JKT Miracle Scorpio Shpg.
OJ-I Kruibeke Seaworld Shpg.
OJ-II Legacy 2 Samudra Sohar Oman
Stream No.2 Ocean Pioneer Samudra Korea
Stream Nordic Callao GAC Shpg.
INIXY124090796
Propane/Butane INIXY124090904
T. Chemicals
T. Chemicals 24/09 Nordic Copenhagen GAC Shpg.
Stream Nord Miyako Interocean Santos Brazil
20/09 Paramita Wilhelmsen Singapore
Stream PS Queen Interocean Karachi
OJ-V Stolt Acer J M Baxi
Stream XT Brightness Samsara Shpg. Fujairah
INIXY124090802
KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)
Steamer's Name Agents Arrival on
Laker Benline 16/09
Doctor O DBC 16/09
Berge Scafell Pike Synergy 17/09
Amis Brave Shantilal Shpg. 18/09
Manual EDI Vessels Name Agent SHIPS NOT READY FOR BERTH
DP WORLD MUNDRA
22/09-AM X-Press Odyssey 24038E 4093423 X-Press
Pelepas, Port
(NWX) TBA Asyad Line Seabridge Marine Shangai, Ningbo, Shekou (FEX)
TBA Asyad Line Seabridge Marine Haiphong, Laem Chabang, (IEX) TO LOAD FOR
In Port —/— GFS Giselle 2410 4093365 Global
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port GFS Giselle (V-2410) 4093365 MBK Logistix Nhava Sheva 19/09 Maersk Guatemala (V-437W) 4083140 Maersk India Jebel Ali 20/09 Interasia Enhance (V-37E) 4083145 Interasia Lines Nhava Sheva
SSL Godavari (V-34W) Nhava Sheva 12-09-2024 Marathopolis (V-437S) Salalah 14-09-2024 Stephanie C(V-2409) Sohar 14-09-2024
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
LOAD FOR FAR EAST, JAPAN, CHINESE PORTS & AUSTRALIAN PORTS
Aissa M./Star
Singapore, Tanjung Pelepas, Xingang, Qingdao, 20/09 27/09 26/09-PM KMTC Dubai 2405E 2403383 Evergreen/KMTCEvergreen/KMTC (FIVE) 28/09 19/09 —/— Zhong Gu Nan Ning 2405E
ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)
PIPAVAV PORT
20/09 19/09-1800 Maersk Pittsburb 437W 24299 Maersk Line Maersk India Algeciras
27/09 26/09-1800 Maersk Chicago 438W 24309
LOAD FOR
EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC
In Port —/— X-Press Odyssey 24038E 24306 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 20/09 26/09 26/09-0200 X-Press Carina 24039E 24311 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 27/09 Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 22/09 22/09-0600 Cap Andreas 014E 24307 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 23/09
23/09 23/09-1000 X-Press Anglesey 24032E ONE ONE (India) (TIP) 24/09 06/10 06/10-1000 MOL Presence 017E 07/10 23/09 23/09-2200 Xin Ya Zhou 164E 24281 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 24/09 Nansha, Port Kelang (CI1)
24/09 23/09-2300 One Contribution 058E 24308 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 25/09 01/10 01/10-1100 Seaspan Adonis 076E HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3)
26/09 26/09-1200 OOCL Luxembourg 112E 24305 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 27/09 04/10 04/10-2100 Stratford 132E 24312 Gold Star / RCL Star Shpg/RCL Ag. (CIXA)
14/10 14/10-2100 Xin Da Yang Zhou 096E
GULF,
SEA & EAST AFRICAN PORTS 20/09 19/09-1800 Maersk Pittsburb 437W 24299 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL)
24/09 24/09-1700 Seaspan Jakarta 438W Maersk/GFS Maersk
In Port —/— X-Press Odyssey 24038E 24306 Maersk Line Maersk India Colombo. (NWX)
014E
TO LOAD FOR US & CANADA WEST COAST
SHIPPING
MOVEMENTS AT ADANI HAZIRA PORT
India's exports shrink 9.3% in August, trade deficit at 10-month high
NEW DELHI: India’s trade deficit
widened to a 10-month high of $29.7 billion in August as imports hit a record high of $64.4 billion on doubling of gold inflows, and exports contracted for the second month in a row to $34 7 billion due to softening of oil prices and muted global demand.
Merchandise exports contracted 9.3 per cent to $34.7 billion in August. Other factors that affected merchandise exports included a huge slowdown in China, falling petroleum prices, recession in advanced economies and transportation- and logistics-related challenges.
“In the current global situation, exports have been a huge challenge… there is a slowdown in China, and recession is persisting in Europe and the US. Transportation cost because of trade routes getting diverted from Suez Canal to Cape of Good Hope is an issue,
August
which is persisting,” Commerce S e c r e t a r y S u n i l B a r t h w a l t o l d reporters.
While imports grew 3 per cent onyear, gold imports touched $10 billion in August due to factors such as stocking ahead of the festive season, falling global prices, as well as due to the yellow metal’s import duty cut from 15 per cent to 6 per cent in July
Petroleum products, which have more than 17 per cent share in total exports, contracted 37 5 per cent in August at $5.95 billion. Apart from petroleum, gems and jewellery saw massive contraction of 23 per cent at 1.9 billion in August.
“With the unexpectedly sharp widening in the merchandise trade deficit in August, we are apprehensive that the current account deficit will rise to 1 5-2 per cent of GDP in this quarter (Q2FY25),” Aditi Nayar,
exports decline by over 9
chief economist at Icra, said.
Non-petroleum and non-gems and jewellery exports, an indication of a clearer parameter of exports’ health, grew 2 4 per cent at $26 76 billion S e c t o r s t h a t s a w g r o w t h w e r e engineering goods (4.36 per cent), electronic goods (7.85 per cent), drugs and pharmaceuticals (4 67 per cent), and textiles (11.88 per cent).
Apart from gold, other items that saw high imports include coal (8 88 per cent), electronic goods (12.78 per cent), and non-ferrous metals (22 per cent). On the other hand, imports of petroleum and crude products contracted by nearly a third to $11 billion during the same month, data released by the commerce department showed.
According to Barthwal, widening of the trade deficit was not a matter of concern in the case of emerging economies like India.
% YoY amidst global economic uncertainties coupled with drop in commodity prices and logistical challenges: FIEO President
NEW DELHI: Reacting to the August goods exports of USD 34.71 billion, which saw a decline of over 9 percent, FIEO President, Mr Ashwani Kumar said that such a sharp decline in merchandise exports has come amidst continuous global economic uncertainties coupled with drop in commodity prices and logistical challenges. Mr Ashwani Kumar added that the ongoing international trade disruptions along with drop in crude and metal prices have also played key role in bringing down the value of exports. Some of the exporters have diverted to the domestic market as profitability in exports have taken a hit with sharp rise in international freight (both ship and air), reiterated FIEO President. Mr Kumar also said that had it not been these trade disruptions led by logistical challenges such as lack of shipping space, irregular shipping schedule, ships skipping Indian ports and declining commodity prices, the merchandise exports would have
recorded positive growth in exports.
President Chief also added that the continuous hard work put in by the exporting community is paying
slowdown in demand from several key markets, reflected in sluggish growth projections Mr Ashwani Kumar, however, reiterated that he is optimistic of better growth numbers with improved demand coming in from the European Union, UK, West Asia and the US in months to come, which will not only further give a boost to the overall order bookings but also to the labourintensive sectors of exports.
FIEO Chief added that imports increased by about 3.3 per cent to USD 64.36 billion in August 2024. In absolute terms, the trade gap widened to USD 29 65 billion in August, compared to USD 23.5 billion in July, which is a point of concern, added President, FIEO.
However, good growth in exports of coffee, tobacco, spices, meat, apparel, chemicals, engineering, carpets, handicraft, plastic etc is an encouraging
sign for job growth in the country
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 business environment for the exporters Government should extend the RoDTEP Scheme, expiring on 30th September 2024 so as to enable exporters to plan ahead. Besides, data transmission challenges with regard to DGFT, ICEGATE and EDPMS may also be addressed on top priority and preferably a single agency may be given the task for up-dation and maintenance of all the 3 systems for uniformity and holistic approach.
The Government should also look at facilitating trade through easy & low cost of credit, marketing support and conclusion of some of the key FTAs with UK, Peru and Oman soon, which FIEO have been urging to the Government for quite some time now, added Mr Kumar
India's imports from China up 15.55 %; exports dip 22.44 % in Aug
NEW DELHI: India's exports to China dipped by 22 44 per cent to USD 1 billion, while imports rose by 15.55 per cent to USD 10.8 billion in August, according to the commerce ministry data Cumulatively, in the April-August period this fiscal, exports to the neighbouring country dipped by 8.3 per cent to USD 5.8 billion while imports grew 10.96 per cent to USD 46.65 billion, leaving a trade deficit of USD 35.85 billion, the data showed.
The country's exports to the US, the UAE, Singapore, Bangladesh, Australia, South Africa, France, Nepal, Belgium,
and Turkey also declined during the month under review
Also, imports from the UAE, Switzerland, Korea, Japan, Thailand, Vietnam and Taiwan, recorded growth.
According to the data, India's exports to the US declined 6.29 per cent to USD 6.55 billion while imports from that country dipped by 6.3 per cent to USD 3.82 billion in August. C u m u l a t i v e l y, d u r i n g t h e April-August 2024-25, exports to the U S i n c r e a s e d 5 7 2 p e r c e n t t o USD 34 billion, while imports grew 3 72 per cent to USD 19 billion,
leaving a trade surplus of USD 15 billion. Similarly, the country's imports from Russia dipped by about 40 per cent to USD 2.57 billion in August. During AprilAugust 2024-25, imports grew by 6.39 per cent to USD 27.35 billion, due to crude oil imports.
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 the largest partner in 202122 and 2022-23.
Euro 93.957594.145092.642592.5800
Japanese Yen(100) 60.160060.280059.277559.2375
Swiss Franc 100.3325100.5350 98.532598.4625
Swedish Kroner 8.33258.35008.16258.1550
Canadian Dollar 62.210062.335061.262561.2200
Australian Dollar 57.175057.287556.030055.9925
Singapore Dollar 65.515065.645064.150064.1050
Hong Kong Dollar 10.880010.902510.660010.6525
UAE Dirham 23.082523.130022.612522.5975
m.v. “MSC FELIXSTOWE” Voy : XA429R I.G.M.NO. 2388036 DTD. 13-09-2024
The above vessel has arrived on 17/09/2024 at MDPT (MUNDRA) with Import cargo from ANCONA, ASHDOD, BARCELONA,
MUNDRA
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery. 110
6 SDB02S018282
48 MEDUQP817743
32 MEDUQP865007
28 MEDUQP868092
23 MEDUQP870304
21 MEDUQP879438
30 MEDUQP880006
97 MEDUCT147534
4 MEDUD8678739
76 MEDUDY278928
42 MEDUDY286137
88 MEDUGD000253
123 MEDUGD015392
102 MEDUGD025391 58 BLQ47821087 57 BLQ47821190 10 MEDUGD034534 90 MEDUGD041547 15 IT924009361
BLQ47800396
MEDUGD059549 52 MEDUHR060896 105 MEDUJ9832596 86 MEDUJ9849947
1 MEDUJ9855969
44 MEDUJ9881619
119 MEDUJ9886956
2
MEDUQP871443
MEDUQP879610
MEDUQP880089
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.
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Opposition to Great Nicobar Transhipment Port Project is because of vested interest : Sarbananda Sonowal
NEW DELHI : Union Minister of Ports, Shipping and Waterways
Shri Sarbananda Sonowal stated that all necessary clearances have been taken for Rs 41,000-crore international transhipment port project at Great Nicobar Island in the Bay of Bengal, pointing out that the opposition to the
mega project smells of ‘vested interest‘.
The detailed project report (DPR) of Great Nicobar Transhipment Port is being finalised by the government, and it will go ahead with the implementation of the project in the next few months.
“OuraimistomakeIndiaadeveloped nation Those who are opposing the
Great Nicobar transhipment port project, is because of vested interest,” Sonowaltoldagroupofjournalists.
The government has obtained all necessary clearances for the project and 5-6 players have shown interest for the international transhipment port project,” he added.
MoPSW announces Olympic Medals Winner Manu Bhaker as New Brand Ambassador
NEW DELHI: The Union Minister of Ports, Shipping & Waterways,
Shri Sarbananda Sonowal announced that the Double Olympic Medal Winner in Shooting, Manu Bhaker, has been appointed as the Brand Ambassador for the Ministry of Ports, Shipping & Waterways. The shooting ace, Bhaker, who won Medals in shooting in the recent Summer Olympics held at Paris, is the daughter of a Marine Engineer
Speaking after the signing, the Union Minister of Ports, Shipping & Wa t e r w a y s , S h r i S a r b a n a n d a Sonowal said, “It is a moment of great pride for every Indian as well as for every member of India’s maritime sector that Manu Bhaker, the daughter of a proud marine sailor, is now going to champion the marine sector of India as she has been officially signed as the Brand Ambassador of the Ministry.
participated in an event to celebrate the vital deeds of women achievers from the maritime sector as well as other fields, which immensely contributed towards nation building.
Speaking on the occasion, Shri Sarbananda Sonowal said, “The Nari Shakti of Bharat has always been a tremendous source of power Since the days of yore, we have been praying and celebrating the immense power and compassion that Nari Shakti bring to build a prosperous and vibrant society. I am delighted to meet some of the women achievers and felt immensely proud for what they have done for the cause of nation building. The women achievers not only bring a smile to the people, but they also give hope that nothing is impossible. As a human being, we have been blessed by Mother
Nature with all the strength and it is upto us how we harness this great natural power towards a positive direction like nation building. Under the visionary leadership of Prime Minister Shri Narendra Modi ji, India is cruising ahead towards realising the vision of becoming an Atmanirbhar Bharat by 2047. We must do whatever needs to be done to realise this vision. The tales of these wonderful women will inspire scores of women and youth to pursue something that they feel passionate about and is able to make a meaningful contribution. I am sure as their stories are being told, over and again, our objective to power the vision of Modi ji will get another positive push and move us closer to realising the vision.”
Shri Sonowal also participated in the “ S w a c h a t a H i S e v a 2 0 2 4 ” t o commemorate the birthday of Prime Minister Narendra Modi.
GE Shipping mulls getting into Container Shipping amid global oil trade shifts
MUMBAI: According to a top corporate executive, Great Eastern Shipping corporate, the largest private ocean carrier in India, may “evaluate” getting into the container shipping b u s i n e s s A n i n d u s t r y a n a l y s t speculates that this could be a diversification plan meant to reduce the risks involved with the oil trade as the globe shifts to renewable energy sources, thereby reducing the amount of crude and petroleum products delivered by sea.
Rahul Sheth, General Manager of Great Eastern Shipping, said that the
Red Sea situation is currently driving a very hot market. The transportation industry that has profited the most is likely the container space, much more so than the petroleum product end. On the other hand, there is no idea how the Red Sea problem will develop. If it goes the other way, that sector’s earnings may change.
Executive Director and CFO G Shivakumar, claims that their history indicates that they are more likely to enter a market when it is struggling. Being countercyclical investors, their typical approach is to purchase during
periods of market weakness rather than strength.
Although it would take some time, Great Eastern Shipping’s intention might be just what Indian exporters have long desired With the exception o f a b r i e f p e r i o d o f n o r m a l c y, exporters have been lobbying the government for a national container carrier in order to lessen their reliance on international box lines, a move motivated by the substantial freight spikes that have occurred since the outbreak and the ongoing Red Sea issue
Modi 3.0 - 100 days: Commerce Ministry takes several steps to support MSME exporters
NEW DELHI: The Commerce Ministry has taken a host of steps during the 100 days of the Modi 3 0 government for MSME exporters who are facing global challenges due to geopolitical tensions The measures included launching of 'Trade Connect e-Platform' to empower SMEs by giving them access to information and guidance on trade, the Commerce Ministry said recently
This platform will connect these enterprises to over six lakh IEC ( i m p o r t - e x p o r t c o d e ) h o l d e r s , 185 Indian Mission officials and over 6 0 0 E x p o r t P r o m o t i o n C o u n c i l members with the Department of Commerce Briefing the media, Commerce Secretary Sunil Barthwal said that in the first 100 days, the ministry held meetings with exporters to understand their problems and find ways to resolve those issues.
"This e-connect portal will provide all sorts of information to an exporter," he said adding for MSME and other exporters, this portal will become a single point by which they can explore new geographies for shipments.
The secretary said that an ecommerce export hub (ECEH) is being developed to connect SME exporters to the world.
" T h e s e h u b s w i l l r e q u i r e a regulatory framework. We are starting a p i l o t p r o j e c t b a s e d o n E O I s (expressions of interest). After that, it will be launched in major cities which are close to airports," Barthwal said.
At present, India's exports through e-commerce medium is about USD 5 billion, whereas the overall international market is about USD 800 billion and is estimatedtoreachUSD2trillion
"We want that at least 10 per cent of the share of that USD 2 trillion market should be with India and we are expecting that in the next five years, we should be able to reach that USD 200 billion mark," he added.
The other measures announced include enhanced insurance cover for MSME exporters and reducing compliance burden through selfcertified Electronic Bank Realisation Certificate system.
The cover is expected to provide Rs 20,000 crore of credit at a lower cost
making exports competitive and benefitting 10,000 exporters, the ministry said.
It added that small exporters, especially in e-commerce, will benefit from the system's efficiency in handling high-volume, low-cost transactions, enabling them to claim benefits and refunds more effectively.
The system, it said, lowers the cost burden for eBRC generation (2.5 million annually) previously ranging from Rs 500 to Rs 1,500 per eBRC, benefiting all exporters.
"This system provides cost savings to exporters exceeding Rs 125 crore," it added.
Further, the ministry has also facilitated cost-efficient access to Gulf Cooperation Council, Africa, CIS (Commonwealth of Independent States) markets for the Indian MSMEs a n d o t h e r e x p o r t e r s ; b e s i d e s strengthening organic regulatory eco-system by revamping the National Programme of Organic Production.
A n o v e r a l l i n c r
a s e
n organic exports is targeted to cross USD 1 billion during 2025-26
NITI Aayog raises cost concerns on PLI Scheme for Shipping Containers
N E W D E L H I : A p r o p o s e d Production Linked Incentive (PLI) Scheme aimed at boosting the domestic manufacturing of shipping containers is in limbo after India’s federal think tank, Niti Aayog, raised concerns over high costs.
The Shipping Ministry, however, has countered by emphasising the need for incentives to bring down domestic production costs and make India selfreliant in container manufacturing.
India’s container production costs currently stand significantly higher than global standards. The cost of manufacturing a 40-foot dry container in India ranges between Rs 3.5 to Rs 4 lakh, compared to Rs 1.5 to Rs 2 lakh in China, a nation that dominates global container manufacturing with a 90-95 per cent market share.
Niti Aayog has suggested that Indian container production costs should not exceed 15-20 per cent above global rates, ideally capping them at Rs 2.4 lakh per container
“If the cost difference remains substantial, it may be more costeffective to import containers rather than produce them domestically,” said a source familiar with Niti Aayog’s discussions with the Ministry of Ports, Shipping, and Waterways (MoPSW).
The think tank has asked the shipping ministry to justify the necessity of the PLI scheme under these conditions.
In response, the shipping ministry h a s a r g u e d t h
a l i n g u p manufacturing would ultimately drive down costs, pointing to the need for i
manufacturing ecosystem.
“Costs will fall once manufacturing reaches a necessary scale,” said T.K. R a m a c h a n d r a n , S e c r e t a r y o f MoPSW. The Government has been developing this PLI scheme to reduce dependence on imported containers, especially from China, and address periodic shortages, as seen during the Russia-Ukraine war
India’s growing trade volumes also
create a steady demand for containers, with the country needing about 350,000 containers annually
State-run Container Corporation of India (Concor) alone is projected to require 50,000-60,000 containers over the next three years.
While container shortages have eased, the shipping ministry is pushing for a Rs 25,000 crore Maritime D e v e l o p m e n t Fu n d t o a s s i s t manufacturers. However, Niti Aayog’s apprehensions, coupled with global trends and cost disparities, have prompted a reevaluation of the scheme, which was initially proposed with a budget of Rs 11,000 crore.
Experts argue that addressing raw material costs is key to making Indian c o n t a i n e r p r o d u c t i o n g l o b
competitive. “Unless raw material p
manufacturing costs will remain high,” said S Ramakrishna, an industry veteran, echoing calls for government support to level the playing field.
Freight rates at Indian Ports flare up by nearly 70% in August (YoY)
MUMBAI: Freight rates have surged nearly 70% year-on-year in Aug across Indian ports, reflecting global shipping disr uptions, sustained demand and capacity constraints, which will add to the cost burden of India Inc. The increase comes after a gap of over two years.
Average prices for 40ft high cube cargo -worthy containers surged quarter-on-quarter this year from
$2,600 in Q1 (JanMarch, 2024) to over $2,800 in Q2 (April-June, 2024) across domestic ports, including Chennai, Nhava Sheva and Mundra, industry experts said.
So far, the third quarter (July to Sept) shows an uptrend too. Multiple factors, including shipping routes, cargo types, and market competition, can influence shipping costs.
Ongoing geopolitical issues have led
to sky-rocketing of freight costs, which are likely to squeeze the margins of domestic companies with a sizeable international exposure in FY25, analysts say Freight rates have witnessed huge fluctuations since 2020, initially following an upward trajectory starting in 2021. The rise was driven by the ongoing waves of Covid-19, which disrupted supply chains and severely impacted global trade.
Prime Minister Shri Narendra Modi addresses Inauguration of Tuticorin International Container Terminal
NEW DELHI: The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal dedicated the Tuticorin International Container T e r m i n a l ( T I C T ) t o t h e n a t i o n a t t h e VO Chidambaranar Port Authority (VOCPA) The Union Minister also inaugurated key infra projects as well as laid foundation stones for several initiatives.
The Prime Minister Shri Narendra Modi addressed the inauguration of Tuticorin International Container Terminal via video message. Speaking on the occasion, the Prime Minister underlined that today marks a significant milestone in India’s journey towards becoming a developed nation and hailed the new Tuticorin International Container Terminal as the ‘new star of India's marine infrastr ucture’ Highlighting its role in expanding the capacity of the V.O Chidambaranar Port, the Prime Minister said, “With a deep draft of more than 14 meters and a berth over 300 meters long, this terminal will play a crucial role in enhancing the capacity of the V.O.C. Port.” The PM further added that the new terminal is expected to reduce logistics costs at the port and save foreign exchange for India. He congratulated the people of Tamil Nadu and recalled several projects related to V.O.C. Port that had been initiated during his visit two years ago. He expressed satisfaction with the rapid completion. He emphasized that one of the terminal's key achievements is its commitment to gender diversity with 40% of its employees being women, symbolizing women-led Development in the maritime sector
stone for the Green Hydrogen Demonstration Project, a 400 kW Rooftop Solar Power Plant, and the Link Conveyor System from Coal Jetty-I to the Coal Stockyard. Additionally, projects like the De-Addiction Centre and awareness artwork at Muthiapuram Bridge were launched under the port’s Corporate Social Responsibility (CSR) initiatives.
The Minister witnessed the signing of land lease agreements with major companies, including ACME and Green Infra-Renewable Energy Farms Pvt Ltd, Renew e-Fuels Private Limited, and Amplus Ganges Solar Private Limited. With these initiatives, the drive towards developing sustainable energy in the region will get a major boost, confided Sonowal.
Shri Sonowal also flagged off the maiden Container Vessel from the new TICT terminal marking the beginning of operation for one of significant port infrastructure project in the country The port has been developed with an investment of more than Rs. 434 crores, with a capacity to handle 6 lakh TEUs annually The terminal has a draft of 14.20 meters which allows it to accommodate container vessels of up to 10,000 TEUs.
The Union Minister also inaugurated the newly constructed Green Hydrogen Project, which he dubbed as a ‘major step towards realising PM Narendra Modi’s vision of making India global hub of Green Hydrogen’. Shri Sarbananda Sonowal also inaugurated a 400 kW Rooftop Solar Power Plant as part of the ‘Harit Sagar Green Port Initiative.’ The Union Minister also witnessed exchange of Land Lease Agreements for new ventures as the VOCPA expands its industrial landscape, unlocking huge potential for growth.
PM Modi spoke about India’s broader maritime mission, which extends beyond infrastructure development. “India is showing the world the path to sustainable and forward-thinking development,” he said, pointing out that the V.O.C. Port is being recognised as a Green Hydrogen hub and a nodal port for offshore wind energy These initiatives will play a significant role in tackling the global challenges of climate change.
Speaking on the occasion, the Union Minister, Shri Sarbananda Sonowal said, “India is on cruise to becoming world’s top marine power Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, the marine sector has received tremendous boost to modernise, mechanise and digitise our assets in order to drive efficiency and productivity This initiative got another shot in the arm as our effort towards providingasmooth&swiftserviceforthetradingcommunitylead to the growth of Export Import trade, ultimately contributing to thegrowthofIndia’swealth.Thisnewterminalwillreducedelays, bypass transshipment and economise operations by saving upto US$ 200 per container This will optimise our cost of operation by up to US$ 4 million annually Completed ahead of schedule, this terminal is a landmark achievement in the First 100 days of PM Shri Narendra Modi ji led NDA Government. Our workforce, which is the backbone of our ports, are very hardworking and I want to commend them for their work It is heartening to know that this port has been instrumental in creating employment To recognise the power of Nari Shakti, at least 40% of workforce should be women which will greatly contribute towards inclusive growth ”
The Union Minister also inaugurated various other projects including the upgradation of 22 kV Circuit Breaker Panels at the Red Gate and Oil Jetty Control Rooms, commissioning of 24 High Mast Lights, and a Drone Surveillance System to enhance port safety The Union Minister also laid foundations
Union Minister Shri Sarbananda Sonowal also launched an ambitions campaign of VOCPA ‘Mission 50’ with an aim to handle 50 million tonnes of cargo by end of this fiscal, i.e., FY2024-25 Sonowal called upon all the workers and stakeholders to lend their best foot forward to realise this goal. The Minister also led a plantation drive at the VOC Orchard, as part of the nationwide campaign “Ek Ped Maa Ke Naam” launched by the Prime Minister earlier this year
Shri Sarbananda Sonowal also lauded the VOCPA’s effort to ramp up renewable energy production via the new Green Hydrogen Demonstration Project and the 400 kW Rooftop Solar Power plant. Sarbananda Sonowal exuded confidence when he said, “These initiatives are in line with the vision of our dynamic Prime Minister Shri Narendra Modiji of transforming India into the global hub of Green Hydrogen. These projects will attract new investments and fuel economic growth while advancing India’s renewable energy objectives.”
On the launch of CSR initiatives, the Minister emphasised the port’s commitment to work for the betterment of the society and give back through various means towards improvement of quality of lives of people. The launch of initiatives like the Deaddiction Centre and the Muthiapuram Bridge artwork reflects the port’s commitment to local welfare. “The well-being of communities is integral to national development, and I am pleased to see VOCPA taking steps that will positively impact the lives of people in this region,” Shri Sarbananda Sonowal concluded.
The Tuticorin International Container Terminal (TICT), the VOCPA port’s third, is operated by JM Baxi Group. It boasts a draft of 14.20 meters, an overall length of 370 meters, and spans 10 hectares, including the berth and backup area. The terminal is equipped to handle 6 TEUs (Twenty-foot Equivalent Units) of containers, significantly bolstering the port’s cargo handling capacity
“The dedication of the Tuticorin International Container Terminal marks a significant step forward in India’s maritime development, aligning with our vision of modern, sustainable infrastructure. This terminal, along with the green energy initiatives and community-focused projects launched, will not only enhance the efficiency of our ports but also foster inclusive growth, creating jobs and driving economic progress for the region and the nation,” said Shantanu Thakur, the Union Minister of State, Ministry of Ports, Shipping & Waterways (MoPSW).
Susanta Kumar Purohit, IRSEE, Chairperson of VOCPA, welcomed the attendees and outlined the port’s ongoing capacity enhancement projects, expressing optimism about future growth. The event was also graced by the presence of Kanimozhi Karunanidhi, Member of Parliament for the Thoothukudi Constituency; T. K. Ramachandran, Secretary, MoPSW
