







NEW DELHI: Union Minister for Ports, Shipping & Waterways and AYUSH Shri Sarbananda Sonowal has approved the project of Development of Oil Jetty No.09 at Deendayal Port, Kandla to Handle all Types of Liquid CargoatKandlaonBOTbasisunderPPPmode.
The estimated Project Cost of developing this Oil Jetty is Rs.123.40 Crore where the project is to be implemented through PPP mode and the Concessionaire shall arrange the financing for the Project. While the construction period is estimated to be of 24 months the Concession Period will be for 30 years. The project will follow a revenue Share Model of RoyaltyPerTon. Cont’d. Pg. 8
NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) is aiming to get a clear picture of the country’s logistics costs in the next four months, a senior government official said recently. At present, the Government is going by certain estimates, which suggest that India’s logistics cost stands at about 13-14 percent of thecountry’sGDP(grossdomesticproduct). Cont’d. Pg. 19
LONDON : Spot container freight rates have stabilised and HSBC Global Research notes signals a recovery in its latest report. In its Global Freight Monitor, HSBC noted with surprise that the Shanghai Containerized Freight Index (SCFI) has climbed 8% week-on-week and was up 14% from the recent trough. The SCFI is still down 7% on the start of 2023.
Cont’d. Pg. 8
.. See Pg. 8
Cont’d. from Pg. 4
Expressing his happiness
Shri Sarbananda Sonowal said, ‘Our Hon’ble Prime Minister Shri. Narendra Modiji once said that Kandla Port has the potential to give a new direction to the nation’s economy and accordingly this project will be another milestone in this journey as this Jetty will further enhance the Port Capacity along with boosting the overall EconomicGrowthforitsentirehinterland’.
The proposed project is designed to increase cargo handling capacity of the port, which shall attribute to reduction in turn-around time of liquid vessels. This project will increase Deendayal Port’s income through collection of Royalty from the Concessionaire. Considering vast hinterland that is dependent on Deendayal Port for seaborne trade and currently prevailing traffic congestion at existing liquid handling facilities of Deendayal Port, capacity additions are of utmost importance at port for serving the economy of the region and in turn shall attribute for development of the economy of the whole country in the bestpossiblemanner.
Ports play an important role in promoting trade and economic growth in the country. Expansion, modernization, development and upgradation of Port infrastructure in the country is an ongoing process including construction of new jetties, berths & terminals, mechanization of existing berths &terminalsetc.andupgradationofskillsofhumanresource at Ports. The focus of Ministry of Ports, Shipping and Waterways (MoPSW) is on improving efficiency of Ports and upgradingthemtointernationalstandards.
Cont’d. from Pg. 4
It does though seem to mark a turnaround from a more than year-long plunge in container spot rates that has seen rates lose 84% from the record high of $10,377 per FEU in September 2021 reported by Drewry’s World Container Index (WCI).LastThursday,13thApriltheWCIremainedlargelyflat at$1,709perFEU.
HSBC commented, “In fact, we have noticed that the decline in market freight rates has been tapering since December as they have already come close to market breakeven levels. We expect market spot rates to stabilise at current levels in the coming months and gain support from a sequential improvement in volumes in 2H23.”
The report noted that the Clarksons Time Charter Index for containerships had also recovered by 13% from its midFebruary low, another sign that spot rates were not just stabalisingbutona“likelyrecoverypath”.
In another positive sign Chinese exports also rose 15% year-on-year in March reversing five consecutive months ofdecline.
The continued threat of labour disruptions at US West Coast ports of Los Angeles and Long Beach as negotiations with unions dragging on this could also benefit container lines in their negotiations on contract rates HSBC believes. “We argue that this will likely further encourage beneficial cargo owners to sign contracts above spot rates to ensure servicereliability.”
However, looking further out HSBC sees potential downside risks in 2024 with the dissolution of the 2M Alliance, officially from the start of 2025, which could result in intensifyingcompetitionintherunup.
In FY 2023, Deendayal Port, Kandla handled 137.56 MT of cargo marking a growth of 8.23 percent over the 127.10 MT in the previous year, 70% of the cargo handled at Kandla is evacuated by road, while 10% percent by rail and 20% through pipeline. By 2030, the port is expected to report an annual growth rate of 10 percent, doubling its cargo at 267 MT.
It is to be noted that, the Ministry of Ports, Shipping and Waterways as part of its commitment to the development of the Port Sector in India has identified 74 projects worth Rs 57,000 crore under the Sagarmala program in the state of Gujarat. Out of which, 15 projects worth Rs 9,000 crore have beencompleted;33projectsworthmorethanRs25,000crore are under implementation and 26 projects worth Rs 22,700 crore are under development. Central line ministries, major ports, state maritime board and other state agencies are implementingtheseprojects.
MARSEILLE: The CMA CGM Groupannouncedtodaythatithas entered into exclusive negotiations to acquire the transportation and logistics activities held through Bolloré Logistics.
The negotiations are in line with the CMA CGM Group's long-term strategy, based on the two pillars of shipping and logistics. The Group’s strategy is to offer end-to-end solutions in support of its customer’s supply chainneeds.
If a deal is reached, the acquisition would further strengthentheCMACGMGrouplogisticsactivities.
GANDHIDHAM: One week long '52nd National Safety Week' has concluded in the scintillating presence of Shri Nandeesh Shukla-IRTS, Dy. Chairman, Secretary, T.M., CME, H.M., Dy. Commandant, Port Officers, P.H.O., Port employees and workers, Port Users and Trade Unionleaders.
In his awakening speech, Dy. Chairman emphasised that although the port is continuously striving for excellence in field of Safety, but the sense of Safety has to be grown up and developed in an individual first. For continuous excellence and perfection, he cited the Japanese concept of 'KAIZEN', where everyone is continuously sharpening his skills to deliverhighhigherandhighestresults.
Several employees who have won in the competition of Safety slogan & poem writing , Model & Poster making, as well as the services rendered by Medical officer, various foremen, crane operators, truck drivers, signalman, loading master, Traffic Insp., CISF Insp., Station Officer(Fire brigade) etc. were appreciated by presenting them a certificateandprizes.
In addition to it, 4 best Port Users i.e. (1) Gautam Freight Pvt. Ltd. In field of Stevedoring (2) J.M.Baxi & co. as being a Vessel Agent (iii) Swayam Shipping Services Pvt. Ltd. as
being Customs House Agent and (iv) Patel Construction Co. as being a Civil /maintenance contractor were also felicitated,withthekindhandsofDy.Chairman.
Shri Bhavesh Madhvi-Safety Officer informed and delighted to everyone that in year 2022 , DPA has achieved a 'Certificate of Appreciation' from the nationwide prestigious institution viz. 'National Safety Council, Navi Mumbai' for lofty contribution towards incessant and upscaling efforts madeinthesphereofSafety.
TODAY’S
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
TO LOAD FOR U. K. NORTH CONTINENT, MEDITERRANEAN, BLACK SEA, RED SEA, EAST EUROPE & CIS PORT
ASIA GULF, RED SEA & EAST AFRICAN PORTS
NEW DELHI: According to provisional data from the Commerce Ministry, India’s exports to China dippedbyabout28%to$15.32billionin 2022-23,whileimportsroseby4.16%to $98.51 billion in the last fiscal. The trade gap widened to a record high of $83.2 billion in FY23 as against $72.91billionin2021-22.
Due to plummeting exports, India’s bilateral trade with China showed a minor dip of about 1.5% to $113.83 billion as against $115.42 billion in 2021-22. This meant that the US emerged as India’s biggest trading partner in FY23 with a bilateraltradeof$128.55billion,asper theprovisionaldata.
However, there has been a major
disparity in the trade figures put out by India and China. While China claimed that trade with India touched $103 billion in the first nine months of 2022, India’s data showed that bilateral trade with China was only $91billion.
In FY22, while Beijing claimed it was India’s largest trading partner, Delhi countered it by saying that the US was its largest trading partner, followedbyChina.
Trade experts claimed that the significant mismatch is most likely because of the under-invoicing of shipments by Indian importers to avoid paying import taxes. Underinvoicing of imports involves marking the stated value of imports below the
actual value paid to the exporter abroad, reducing the import tax outgo.
India’s imports from a partner country cannot be equal to a partner country’s exports to India as export values of products generally reflect the market value or free on board (FoB), whereas imports include cost, insurance,andfreight(CIF),meaning the import value should be higher. However, it is the opposite in the case ofChina-Indiabilateraltrade.
Therefore, while the gap of $2 billion in India’s exports to China and its imports could be explained by this, $10 billion lower imports by India compared to China’s exports to Indiacannotbeexplainedbythis.
The above vessel has arrived on 18-04-2023 at MUNDRA PORT with Import cargo from LE HAVRE. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
The above vessel has arrived on 18-04-2023 at MUNDRA PORT with Import cargo from LONDON GATEWAY PORT. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
The above vessel has arrived on 18-04-2023 at MUNDRA PORT with Import cargo from MONTREAL. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
The above vessel has arrived on 18-04-2023 at MUNDRA PORT with Import cargo from DURRES, ANTWERP, MANAUS, MONTREAL, CALDERA, LUBECK, COPENHAGEN, FREDERICIA, RAUMA, LE HAVRE, BELFAST, LONDON GATEWAY PORT, SOUTHAMPTON, DUBLIN, CORK, PALERMO, RODMAN, GDYNIA, GOTEBORG, GAVLE, STOCKHOLM.
Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. and usual survey conditions will apply.Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.
- Charges enquiry on land line - 619100
- IGM No./Item No./Destuffing point enquiries can also be done at our computerized helpline No.(079) 40072804
As Agents :
MSC AGENCY (INDIA) PRIVATE LIMITED
Gandhidham : Siddhi Vinayak Complex, Plot No. 1, Office No. 201-208, 2nd Floor, Ward - 6, Near Rotary Circle, Gandhidham - Kutch 370 201 Gujarat India. Tel : +91-2836-619100 to 616100 (Board)
E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com
H. O. & Regd. Office : MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400 059 Tel : +91-22-66378000, Fax : +91-22-66378192, E-mail : IN363-comm.mumbai@msc.com • www.msc.com
Cont’d. from Pg. 4
The department conducted a workshop last month on logistics cost framework, and a task force has been set up to formulate a framework to determine the cost in the Country. “The task force will give its report in two months’ time. In about four months, we should have an estimate, that’s what we are aiming for,” said Special Secretary in the DPIIT Smt SumitaDawra.
Dawra said that in two months,
they would get the framework and it would take another two months for thecalculations.“Wehaverecognised the fact that we need more clarity on what are the components that will go into the logistics costs calculation. Not many countries have calculated their logistics costs. So, we are trying to bring objectivity to the calculation rather than a perception-based approach,” she said. She added that, at present, there are variations in estimateswithinthecountryaswell.
Citing examples, Dawra said that the NCAER has given around 8 percent, and another estimate states 13-14 percent. “So, we are hoping that in two months’ time, the task force will give us the components which go into the logistics costs calculation, and then we will be able to take a view on how we go ahead with respect to improving those parameters and calculating the actual cost,” she said.
NEW DELHI: The Commerce Ministry has laid out a procedure for applying for amnesty scheme for onetime settlement of default in export obligationbycertainexporters.
The Directorate General of Foreign Trade (DGFT), under the Ministry, directed the regional authorities to process any such applications within three workingdays.
“Application for AA (advance authorisation)/EPCG (export promotion for capital goods) discharge/closure shall be filled online by logging onto the DGFT website and navigating to services,” theDGFTsaidinapolicycircular.
The Government announced the new foreign trade policy (FTP) on March 31. It included an amnesty scheme for exporters for one-time
settlement of default in export obligation by the holders of advance and EPCG (export promotion for capitalgoods)authorisations.
Under the scheme, all pending cases of the default in meeting export obligation (EO) of certain authorisations can be regularised by the authorisation holder on payment of all customs duties that were exempted in proportion to unfulfilled EO and interest at the rate of 100 per centofsuchdutiesexempted.
In another trade notice, the DGFT notified new HSN codes for technical textilesitems.
In trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature). It helps in systematic classificationofgoodsacrosstheglobe.
It said that despite having specific
codes for technical textiles, it has been noted that imports/exports have not been booked under correct HS codes and the trade seems to be still being booked under other available codes.
“Accordingly, the matter has been reviewed in consultation with the textiles ministry and it is reiterated that all importers/exporters should filetheirbillofentry/shippingbillwith specificHSNcodesavailableformanmade fibre and technical textiles under…and to avoid using any other codes,”itsaid.
A list of 32 codes has been notified to facilitate the industry for easy recognition and helping them to book their import and exports under correctproductcategory.
It asked the industry to suggest morecodes,iftheyrequire.
HAMBURG: Shipping lines have been creating services in the Indian sub-continent and the Middle East as these regions are now creating hubs for manufacturers, and there is the infrastructure to support ocean transport, according to Container xChange’s latest monthly report.
Amid rising geopolitical tensions between the US and China, manufacturers have been diversifying their production bases awayfromChinaandtootherregions, such as the Indian subcontinent and SoutheastAsia.
Recently, COSCO Shipping Ports announced the US$375 million purchase of a 25% stake in Egypt’s SokhnaNewContainerTerminal.The project will operate for 30 years. It is
believed that once complete, the terminal’s container capacity will reach1.7millionTEU.
In addition, French carrier CMA CGM announced the launch of the new Bangladesh India Gulf Express (BIGEX) service, which began sailing from the port of Chittagong on 5 April, and will offer Bangladesh and India a direct connection with the Persian Gulf. The transit times will be much faster and exports from Chittagong will reach Nhava Sheva and Mundra within 10 days and Jebel Ali and Abu Dhabiwithin15days.
Container xChange also noted that Maersk Line integrated two emerging markets – West & Central Asia and Africa – to form a new combined IMEA (Indian subcontinent, Middle East and Africa) region. The primary markets for this
newregionwillbeIndia,Pakistan,the UAE, Saudi Arabia, South Africa, Kenya, Ivory Coast, Cameroon, Nigeria, Senegal, and Ghana, among others.
Maersk clarified that its customers would continue to work with the same teams and that the products and solutions they are offered will stay the same until informedotherwise.
The Indian sub-continent and the Middle East are thus not just viable regions thriving in resources but also strategic locations. The regions are nowcreatinghubsformanufacturers, building infrastructure to support ocean and air transport, and actively making consumer markets more compact. Evidently, global supply chains are now getting more efficient with better accessibility and higher potential.
m.v.
The above vessel is arriving at MUNDRA PORT on 23-04-2023 with Import Cargo in containers.
GOSUNGB1168132 1
GOSUNGB1168136 —1
GOSUNGB1168137 —1
GOSUNGB1168138 —1
GOSUNGB1168145 —1
GOSUNGB1168161 —1
GOSUNGB1168174 —2
GOSUNGB1168176 —1
GOSUNGB1168205 —1
GOSUNGB9956924 —1
GOSUNGB9966795 —2
GOSUNGB9966796
—1
GOSUNGB1168043 —1
GOSUNGB1168085 —1
GOSUNGB1168086 —1
GOSUNGB1168094 —1
GOSUNGB1168114 —1
Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.
Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.
:
NEW DELHI: A meeting of Transport Ministers of States and Union Territories (UTs) was chaired by Union MinisterofRoadTransport&HighwaysShriNitinGadkari in New Delhi. The meeting saw participation from Ministers for Transport from 15 States and Union Territories (UTs) including Andhra Pradesh, Delhi, Goa, Haryana, Kerala, Manipur, Mizoram, Punjab, Puducherry, Rajasthan, Sikkim, Tripura, Tamil Nadu Uttar Pradesh, andUttarakhand.Secretary(RT&H),SeniorOfficersfrom Ministry of Road Transport & Highways (MoRTH), NHAI and Principal Secretary/ Secretary (Transport) & Transport Commissioners from all States and UTs also attendedthemeeting.
ShriNitinGadkaridiscussedindetailthevariousinitiatives takenbyMoRTHandrequestedactivesupportfromtheState andUTauthoritiesfortheireffectiveimplementation.
NEWDELHI:TheUnifiedLogisticsInterfacePlatform (ULIP), launched under the national logistics policy, has been integrated with 33 systems of seven Ministries, said Abhishek Chaudhary, Vice President, National Industrial CorridorDevelopmentCorporation.
ULIPenablestrackingofallcargocontainersexported orimportedindomesticorinternationalwaters.
"So far, 76 companies have signed non-disclosure agreements (NDAs) with ULIP for getting access to data sets. 15 more companies are likely to join soon. Over the last six years, 57 million cargo containers have been tracked. Major industry players like Maruti Suzuki, DHL, Ultratech, TCIL, Tata Steel, and Bosch have been onboardedonULIP,"Choudharysaidrecently.
Thirty-three systems from seven ministries are integrated through more than 106 APIs covering more than 1,600 data fields for usage by the stakeholders, Chaudharytoldreportershere.
ULIP has a dedicated portal that makes the process of data requests simpler, faster and transparent. A support team works round-the-clock to provide support to the industry players for registration on the portal, an official statementsaid.
After the registration, users need to submit their use cases, which will then be reviewed based on the proposed usage of the requested data, and after the successful review,usersrequestingdatawillhavetosignanNDA,the statementsaid.
NEW DELHI: India’s rice exports have crossed a record $11 billion in 2022-23, an increase of 16% from FY22. The volume of shipment, however, remained around the samelevelaslastyearat21milliontonne(MT).
Officials attribute the spike in rice exports to factors such as robust global demand, especially from West Asian countries, Africa and Europe, and flood that hit a large chunkofpaddycropinPakistan,amajorgrainexporter.
InFY22,India,whichhasanaround45%shareinglobal rice trade, exported more than 21 MT of rice valued at $9.6 billion.
The increased realisation in rice exports has been achieved despite India last year banning broken rice shipmentandtheimpositionofexportstaxof20%onwhite rice.
According to preliminary estimates, India has shipped $11.14billionofrice,whichincludesbasmati($5billion)and non-basmati($6.14billion)duringFY23.
In terms of volume, the country has exported 4.9 MT of aromatic and long grain basmati and 16.1 MT of
non-basmatirice.
Indiaannuallyexports4.5-5MTofbasmatiriceandhas an80%shareintheglobaltradeofaromaticrice.
Indiahasbeentheworld’slargestexporterofricesince 2012.Currently,Indiaexportsmorericethanthecombined shipments of the next three largest exporters – Thailand, VietnamandPakistan.
“Competitive pricing have ensured a surge in rice exports in the last fiscal and adherence to quality parameters has resulted in a significant demand for Indian rice with the grain being shipped to more than 75 countries,” M Angamuthu, Chairman, Agricultural and Processed Food Products Development Authority, said.
In terms of volume, Bangladesh, China, Benin, Nepal and Iran are five major export destinations for rice. Geographical Indication (GI) tagged basmati rice is a premium variety cultivated in the Himalayan foothills, mostly in Punjab, Haryana, western Uttar Pradesh and Jammu&Kashmir.
NEW DELHI: Russia has said that fertilizer exports to Indiasince2021haveincreasedbymorethanthree-fold.
“Russia actively supplies mineral fertilizers to India: in 2022, the supply of all types of fertilizers increased by 3.4 times in physical terms compared to 2021,” Trade Minister and Deputy Prime Minister Denis Manturov told reporters at the India-RussiaBusinessDialogueinNewDelhi.
Russia mainly supplied complex mineral, nitrogen, and potash fertilizers, Manturov noted, saying Moscow expects the positive dynamics of mineral fertilizer supplies to its partners from India to continue in 2023. Manturov further said Russia’s productionoffertilizersexceedstheconsumptionvolumeofthe domestic market by 2.5 times, meaning there are enough resourcestoexpandthevolumeofsuppliesabroad.
The above vessel is arriving at MUNDRA PORT on 23-04-2023 with Import Cargo in containers.
Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.
Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.
As Agents :
First Floor, Plot No.86, Sector 1A, Near Quality Enterprises Hero Showroom, Gandhidham - Kutch, Gujarat - 370201
Tel: (0091-2836) 229543 235282 235283 235383, Fax: (0091-2836) 230433
Export Marketing Queries: Mr. Parmar Devendra - 9824413365, E-mail: parmar.devendra@zim.com
Mr. Trinath Pal 9824504315 Email:pal.trinath@zim.com
Import Marketing Queries : Mr. Mitesh Rajgor - 02836-235282,229543 E-mail: imp@starship-knd.zim.com
The above vessel has arrived on 19-04-2023 at MUNDRA PORT with Import cargo from BEIRA. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
MUNDRA
Item No. B/L No. 1 MEDUEB091878
Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. and usual survey conditions will apply.Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.
- Charges enquiry on land line - 619100
- IGM No./Item No./Destuffing point enquiries can also be done at our computerized helpline No.(079) 40072804
As Agents :
Gandhidham : Siddhi Vinayak Complex, Plot No. 1, Office No. 201-208, 2nd Floor, Ward - 6, Near Rotary Circle, Gandhidham - Kutch 370 201 Gujarat India. Tel : +91-2836-619100 to 616100 (Board)
E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com
H. O. & Regd. Office : MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400 059 Tel : +91-22-66378000, Fax : +91-22-66378192, E-mail : IN363-comm.mumbai@msc.com
www.msc.com
MUMBAI: Adani Group and French company TotalEnergies’ newly built Rs 6,000 crore facility to importLNGatDhamraontheOdisha coast will start commercial operations at the end of May, the Frenchfirmsaidrecently.
The5milliontonneayearcapacity terminal received its first ever shipment of liquefied natural gas – a fuel that will be used to make steel, produce fertilizers and turned into CNGandcookinggas–onApril1.
“Thisdeliveryenablesthegradual commissioning of the terminal, which is expected to start commercial operations at the end of May 2023,” TotalEnergies said in a press statement.
Karan Adani, CEO of Adani Ports and Special Economic Zone (APSEZ) – the firm that operates the Dhamra port and has leased the LNG jetty to Adani Total Private Ltd – had previously announced the receipt of the first LNG cargo. “This is a huge
leap forward not only in access to clean and affordable energy but also in decarbonising India’s energy sector,” he had said earlier this month.
Adani Total Private Limited is a 50:50 joint venture between TotalEnergiesandAdani.
The commissioning cargo was supplied by TotalEnergies from its portfolioinQatar.
“With regasification capacity of 5 million metric tonne of LNG per year, theDhamraLNGterminaladdsmore than 10 per cent to India’s regasificationcapacity,strengthening the country’s position as the world’s fifth largest LNG importer and allowing it to increase the share of natural gas in its energy mix from 8 per cent to 15 per cent by 2030 to reduce its carbon intensity,” the statementsaid.
Dhamra is the only LNG import terminalineasternIndiaandonlythe second on the entire east coast. The
country’s five other terminals are on the western coast (three in Gujarat, oneeachinMaharashtraandKerala).
“We are pleased to have completedthefirstdeliveryofLNGto the new Dhamra LNG terminal, developed in partnership with Adani, with a cargo from Qatar. India wants to develop the use of natural gas to reduce the carbon intensity of its energy mix by replacing coal, and LNG can therefore meet the growing domestic demand. The commissioning of the Dhamra terminal reflects TotalEnergies’ ambition to support India’s energy transition and supply security,” said Thomas Maurisse, Senior Vice PresidentLNGatTotalEnergies.
After all checks, the terminal would be ready to start commercial operations with an expected 2.2-2.3 million tonne of LNG expected to be imported in the first year and a gradualramp-uptofullcapacityinthe next.
MUMBAI: The Indian road logistics industry is expected to clock a high single-digit growth this fiscal on an elevated base of the previous year,ICRAsaidonMonday.Thecredit ratings agency also expects the demand momentum to continue in FY24, aided by stable domestic consumption and investment demand,ICRAsaid.
The Indian road logistics industry’s revenue growth is pegged at a high single-digit on an elevated base of FY2023, ICRA said, adding thattheoutlookisstable.
The downside risks to the estimates remain from any material tapering of demand due to high inflationary and interest rate regime, the emergence of any further Covid waves, or a sub-par monsoon impacting the overall economic health, given its strong linkage to economic activity on an aggregate basis,itsaid.
According to ICRA, quarterly revenues for the logistics sector witnessed a marginal contraction of 2 per cent in Q3 FY23, compared to the earlierquarterofthesameyear.
Following two quarters of stable demand, economic activity was uneven in the third quarter of the previousfiscaldespiterobustdemand for contact-intensive services and upbeat sentiment during the festive season.
“We expect the revenues in Q4 FY2023 to be better than Q3, supported by favourable demand and realisations,”itstated.
On a monthly basis FASTag and ewaybillvolumespeakedinDecember 2022, thereafter coming down sequentially in January 2023 and February 2023 post the festive season impact.
On a year-on-year basis, the combined volumes for FASTag for January and February 2023 grew by 24 per cent, and e-way bill volumes grew by 19 per cent, according to ICRA.
The volumes are expected to remain stable over FY2024, given the expectation of a favourable demand scenariointhenear-term,itsaid.
“ICRA expects the aggregate operating profit margins of the sample to moderate to 12-14 per cent
in FY2024, compared to 14 per cent in FY2022. The operators’ ability to effectfurtherratehikestooffsetinput priceincreasesamidstiffcompetition remains a key credit monitorable,” said Suprio Banerjee, Vice President atICRALtd.
Revenue growth, according to him, over the medium-term would continuetobedrivenbydemandfrom varied segments such e-commerce, FMCG, retail, chemicals, pharmaceuticals, and industrial goods coupled with the industry’s paradigm shift towards organised logisticsplayers,post-GST,ande-way billimplementation.
Furthermore, multimodal offerings are likely to gain increased acceptance and traction going forward, given that players offering multimodal services had more flexibility.
Given these factors and the relatively higher financial flexibility available to large, organised players vis-a-vis their smaller counterparts, there is potential for increased formalisation in the sector going forward,ICRAsaid.
m.v “NORTHERN DEDICATION”
V-02314E IGM NO: 2340645 DATE: 12.04.2023
The above vessel has arrived at Mundra on 15/04/2023 as per following details.
Item Nos. B/L NOS.
5 EPIRAEESAD246476
Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable. If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws.
Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.
For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.
Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. In case of any query kindly contact the below E-mail IDS & Phone Numbers : IMPORT related : ravi.vaghela@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977
EXPORT related : benoy.varghese@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092
IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.
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.
case of any query kindly contact the below E-mail IDS & Phone Numbers :
Merged port a rac ve to investors from home and abroad
ANTWERP: The total throughput of Port of Antwerp-Bruges amounted to 68.7 million metric tonnes in the first quarter, a drop of 4.5% compared with the same period last year. This decline is due tothestillcomplexgeopoliticalandmacroeconomiccontext, which has led to a decline in the container segment and significant shifts in cargo flows. To keep responding to these demands, the port is committed to sustainable growth togetherwithnewandexistingpioneers.
Operational challenges at container terminals and congestion have slowly declined since the third quarter of 2022. Economic uncertainty and inflation led to a global slowdown in demand for container shipping and the cancellationofsailings,particularlythosefromtheFarEast. Along with the ongoing conflict in Ukraine, which caused Russia-related traffic in the first three months of 2023 to be two-thirds lower than in the same period last year, this has resulted in a 6.6% drop in container throughput in tonnes and5.7%inTEUs,comparedtothefirstquarterof2022.
Conventional general cargo throughput volumes are in line with the pre-COVID-19 period, but down 19.8% compared to a very strong first quarter in 2022, when a robust post-COVID-19 recovery resulted in high throughput figures.Theslowingeconomyisaccompaniedbyadeclinein steel demand. This caused a 21.9% drop in throughput of steel,bothinincomingandoutgoingflows.
The dry bulk segment is down 7.3%. This is mainly due to the decline in fertilisers, the largest product group within dry bulk. Although the production of these has been increasing since March due to the fall in energy prices, overall throughput of fertilisers was still down 26.4% during the first quarter. In turn, the continued high demand for coal for power generation translated into throughput that was almost three times higher than in the same period last year. Throughputofsandandgravelalsoincreased(+9.3%).
The liquid bulk segment posted growth of 0.5%. Besides an increase in the throughput of LNG (+23.3%), partly as an alternative to natural gas via pipelines from Russia, there was also growth in the throughput of diesel, fuel oil and energy gases. Chemical throughput is picking up compared to the last quarter of 2022, when high energy prices resulted in lower production rates or complete stoppages, but still remains 21.3% below the record of the first quarter of last year.
Roll-on/roll-off traffic is maintaining the status quo, but within the new-car segment there is a resurgence. The first quarter of 2023, saw 904,901 new cars shipped in and out, up 7.2% from 2022. Throughput of all transport equipment has grown by 4.3%, while unaccompanied cargo (excluding containers) is showing a decrease (-2.4%.) The share of these volumes related to the United Kingdom fell by 5.6% in the first quarter, while traffic to and from Ireland increased by14.2%.
Port of Antwerp-Bruges is and remains the largest car port in the world. The terminals have a total area of more than 400 hectares with a parking capacity of 210,000 units.Cars from all major brands in the automotive sector pass through and, for many brands, Port of Antwerp-Bruges istheintercontinentalandEuropeanhub.
In the first 3 months of 2023, Zeebrugge welcomed 29 cruise ships. Efforts to spread cruise tourism throughout theyeararethusdeliveringanewfirst-quarterrecord.
In the first quarter, 4,946 ocean-going vessels called at the port, down 3.7%. The gross tonnage of these vessels fell by3.8%.
Several investments in the first months of 2023 have demonstrated that the port, which merged a year ago, is
attractive to investors from both home and abroad. American pioneer PureCycle, for example, announced the construction of a plastic recycling plant in the NextGen District, a hotspot for the circular economy in the heart of Antwerp's port site, where excavation work will start later this year. In addition, global player Vopak, a Dutch tank storage company, will sustainably redevelop the former Gunvor site in Antwerp. The company will work with Port of Antwerp-Bruges on joint development/fulfilment on the basis of renewable energy, among other things. This marks another important step towards a climate-neutral economy. In order to remain a top-class world port, the port must prioritise efficient infrastructure and additional containercapacity.
The process of modernising and deepening the Europa Terminal, which has now begun, will ensure that the latest generation of mega-ships can continue to call at this location. This trend of using ever larger container ships will become even clearer in the coming weeks as records are successively broken by visits by the MSC Tessa (24,116 TEU), the OCCL Spain (24,188 TEU) and the MSC Loreto (24,346TEU).
Jacques Vandermeiren, CEO Port of Antwerp-Bruges: "These results show that the world port is at the centre of a continuously challenging geopolitical and macroeconomic context. But despite these disappointing figures, the outlook for 2023 remains positive. Falling energy prices, an improving Chinese economy and signs that the liner market is also picking up are reasons to be confident about the future. Moreover, the complementarity of the two port platforms allows us to better respond to shifts in cargo flows."
Annick De Ridder, Port Alderman of the City of Antwerp and Chairman of the Port of Antwerp-Bruges Board of Directors adds: "Together with the innovative port companiesandthenewpioneerswhoarebringingarangeof jobs to our port, we remain committed to sustainable growth. In addition, investments in strategic infrastructure such as the modernisation of the Europa Terminal are indispensable to ensure our position as a world port and to liveuptoourroleastheeconomicengineofFlanders.Filling the many vacancies is a significant challenge in this regard. To this end, we will soon launch a promotional campaign and adigitaljobplatformtogetherwithourpartners."
Dirk De fauw, Mayor of the City of Bruges and Vice President of Port of Antwerp-Bruges: "Port of AntwerpBruges is the world player for the automotive sector. That position will only strengthen given the investments in additional capacity by existing operators and new players who choose our port as a base from which to conquer the European market. I am therefore confident that we can again realise growth here in 2023. Furthermore, the record number of cruise ships that called at Zeebrugge this first quarter is confirmation that efforts to better spread cruise tourism throughout the year have succeeded. In the quieter winter months, cruise tourism is a boon to the tourist industry in Bruges, Blankenberge, Brussels, Ghent, Ypres andAntwerp."