GUJ-20-06-2024

Landmark CFS celebrated 7th

Excellence in CFS and Depot Management Services

M U N D R A : Landmark CFS, a leading Logistics

S

Container Freight Station (CFS) and depot management services, has proudly celebrated its 7th anniversary of outstanding performance and service excellence.

Dr Vishhal Bisen, Managing Director, Landmark CFS, the company has reached new heightsinthelogisticsindustryattheMundraPort

Through an unwavering commitment to innovation, efficiency, and customer satisfaction, Landmark CFS has solidified its position as a trusted partner in the seamless movement of goods.

Deendayal Port surpasses 30 MMT cargo handling in Q1

G A N D H I D H A M : DPA has successfully surpassed the handling of 30 million metric t o n n e s ( M M T ) o f cargo in 1st quarter itself.

PIPAVAV: APM Terminals

Pipavav (GPPL) has achieved a significant milestone in vehicle logistics, setting a new record for the highest number of processed RORO rakes handled in a single month. Cont’d. Pg. 23

Cont’d. Pg. 23

AI can help shipping industry cut down emissions : Reports

LONDON: The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed on Tuesday

The use of the technology could reduce the need for maneuvers and route deviation from close encounters with highrisk marine targets such as vessels, buoys and sea mammals by alerting the crew in real time, according to the report

WHY IT IS IMPORTANT

Shipping, responsible for moving about 90% of global trade, contributes nearly 3% to the world’s carbon dioxide emissions. This share is anticipated to rise in the coming years unless stricter pollution control measures are implemented.

The International Maritime Organization aims to cut emissions by 20% by 2030, a target under threat from the ongoing Red Sea crisis.

KEY QUOTE

“In the short term, it can lead to fewer crew members on the bridge, while those who are on the bridge will have a reduced workload and more attention to tackle complex navigational tasks, optimizing the voyage and reducing fuel and emissions,” Orca AI CEO Yarden Gross told.

CONTEXT

Global carbon dioxide shipping emissions reached an estimated 858 million tonnes in 2022, a marginal rise from the previous year, according to the Organization for Economic Cooperation and Development. An average of 2,976 marine incidents are reported per year, Orca AI’s study showed.

BY THE NUMBERS

The reduction in route deviations could help ships shave off 38.2 million nautical miles per year from their travel, saving an average of $100,000 in fuel costs per vessel, according to Orca AI’s report.

YOUR QUERIES - OUR SOLUTION

“The exporter

1 Consignment lessthan€6000 StatementonOrigincan bemadebytheexporter, without beingregisteredunderREXSystem

2 Consignment morethan€ 6000 Registrationunder REXSystemismust forStatementon OriginbyExporter

(1) of the products covered by this document declares that, except where otherwise clearly indicated, these products are of Preferential origin (2) according to rules of origin of the Generalised System of Preferences of the European Union and that the origin of the Generalised System of Preferences of the European Union and that the origin criterion met is (3)”

1) Name, Full Address and REX number of Registered Exporter

2) Country of origin of export product

3) For products wholly obtained – enter letter “P”, For products sufficiently worked or processed – enter letter “W”, followed by a four digit code of export product For example “W”8546 In case of cumulation, refer indications such as In the case of bilateral cumulation: “EU cumulation etc 1

Dr. Pramod Sant

SHIPPING MOVEMENTS AT GUJARAT PORTS

TODAY’S TIDE 20/06/2024

Cargo Steamer's Agent's ETD Jetty Name Name

CJ-I Trawind Glory Mitsutor 24/06

CJ-II Mohsen Ilyas Seacoast 23/06

CJ-III Lord H DBC 22/06

CJ-IIIA IMA Glory DBC 23/06

CJ-IV VACANT

CJ-V Belray Taurus 22/06

CJ-VI Eraclea Ocean Harmony 24/06

CJ-VII Star Fighter Samsara Shpg 22/06

CJ-VIII VACANT

CJ-IX CL Jeddah Cross Trade 21/06

CJ-X VACANT

CJ-XI VACANT

CJ-XII VACANT

CJ-XIII Beauty Peony Chowgule S. 22/06

CJ-XIV Nazenin Sai Shpg. 24/06

CJ-XV TS Golf Arnav Shpg. 23/06

CJ-XVA Norse New Haven Mihir & Co. 25/06

CJ-XVI ASL Rose DBC 24/06

TUNA VESSEL'S NAME AGENT'S NAME ETD VACANT

OIL JETTY

OJ-I Bogazici

OJ-II Bia Samudra 21/06

OJ-III Joanna Samudra 21/06

OJ-IV Transtone GAC Shpg. 21/06

OJ-V Gaz Crstal Ocean Shpg. 21/06

OJ-VI Hari Priya Malara Shpg. 21/06

OJ-VII Joyhope

Chang Sheng 19/06

Pegasus 02 19/06 Somalia

My Lama 19/06

Jal Kalpatru 19/06

Blue Cecil 19/06

SCI Mumbai 19/06 Jebel Ali

Source Blessing 19/06 Jebel Ali

Yue Li 19/06

TCI Express 20/06 Manglore/ Cochin/Tuticorin

Suvari Kaptan 20/06 Somalia

Sarocha Naree 20/06

Stream

25/06

Stream

VESSELS IN PORT & DUE FOR EXPORT LOADING

Stream Cheng Sheng Marinelinks

Stream

CJ-VI Eraclea

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT

ADANI MUNDRA CONTAINER TERMINAL

DP WORLD MUNDRA

Lome, Abidjan (MW2 MEWA)

In Port —/— Wan Hai 506 6233E 4062136 Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16)

23/06-PM Grace Bridge 2404 4062191 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)

27/06-AM Terataki 2408 4062185 Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1) 28/06 30/06 30/06-AM X-Press Cassiopeia 4026E 4062228 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 01/07 Maersk Line Maersk India s Ningbo, Tanjung, Pelepas, Port Kelang (NWX) TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, (FEX) TO LOAD FOR INDIAN SUB CONTINENT In Port —/— Wadi Duka 2411 4051970 Asyad Line Seabridge Marine Karachi (REX)

23/06 23/06-AM Rhine Maersk 424W 4052034 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)

VESSELS

In Port Wan Hai 506 (V-6233E) 4062136 Wan Hai Line Nhava Sheva

21/06 Marathopolis (V-425S) 4052039 Maersk India Port Qasim

22/06 Grace Bridge (V-2404) 4062191 MBK Logistix Nhava Sheva

PORT FOR IMPORT DISCHARGE

Seaspan Jakarta (V-422W) Pipavav 16-06-2024 X-Press Odyssey (V-24024E) Karachi 16-06-2024 X-Press Mekong (V-24005W) Nhava Sheva 17-06-2024

PORTS

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT

PIPAVAV PORT

20/06-0600 One Contribution 057E 24198 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 21/06 01/07 01/07-1700 Seaspan Adonis 075E 24211 HMM / YML HMM(I) /

22/06 22/06-2200 Dimitris Y 245E 24202 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 23/06 01/07 01/07-0700 One Reliability 0054E24213 ONE

23/06 23/06-0900 BLPL Trust 1406E BLPL Transworld GLS Far East Ports

23/06 23/06-0800 X-Press Carina 24025E 24201 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 24/06 26/06 26/06-1700 X-Press Cassiopeia 24026E 24210 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 27/06 Sinokor / Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan

01/07 30/06-1800 Seamax Startford 130E 24215 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 02/07

07/07 06/07-1800 Xin Da Yang Zhou 094E Gold Star / RCL Star Shpg/RCL Ag. (CIXA)

13/07 13/07-0600 Xin Hongkong 072E 24207 COSCO COSCO Shpg. Singapor, Cai Mep,Hongkong, Shanghai,Ningbo,Shekou, Nansha (CI1) 14/07 TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS

21/06 20/06-1800 Maersk Chicago 424W 24195 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 16/06 27/06 27/06-1700 SM Neyyar 0425E24214 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)

TO LOAD FOR INDIAN SUB CONTINENT PORTS & COASTAL SERVICE

20/06 20/06-1300 SCI Chennai 2406 24209 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE)

21/06 20/06-1900 Mogral 0083 24207 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 22/06 Krishnapatanam, Cochin, Mundra. (CCG) 22/06 22/06-2200 Dimitris Y 245E 24202 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo.

23/06-0800 X-Press Carina 24025E 24201 Maersk Line Maersk India Colombo. (NWX)

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

ADANI PORTS & SEZ LIMITED (Adani

CT, Mundra)

200 46858181686025374567 1011 20048102494 69131 07 15174853399433586682

MONTHLY ICD THROUGHPUT

592 197582030240060603621871223706424186612482478 126486

P” V - 39E

The above vessel is arriving at MUNDRA PORT on 01-07-2024 with Import Cargo in containers.

39 GOSUNGB20439970

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152 GOSUNGB20089681 NOTICE TO CONSIGNEES

76 GOSUNGB20168453

114 GOSUNGB20089741

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.

STAR SHIPPING SERVICES (INDIA) PVT. LTD.

m.v “CMA

CGM

ATTILA” V - 0FFBWE1MA

The above vessel is arriving at MUNDRA PORT on 26-06-2024 with Import Cargo in containers.

GOSUSIN8146076

GOSUSIN8146077 13 GOSUSIN8146221

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.

STAR SHIPPING SERVICES (INDIA) PVT. LTD.

First Floor, Plot No.86, Sector 1A, Near Quality Enterprises Hero Showroom, Gandhidham - Kutch, Gujarat - 370201 Tel: (0091-2836) 229543 235282 235283 235383, Fax: (0091-2836) 230433

Export Marketing Queries: Mr. Parmar Devendra - 9824413365, E-mail: parmar.devendra@zim.com Mr. Vijay Anand - 9824504315 Email : anand.vijay@zim.com

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

NOTICE TO CONSIGNEES

m.v. “MSC SHAY” Voy : XA424A I.G.M. NO. 2380077 Dtd. 18-06-24 Exch rate 85.97

The above vessel has arrived on 16-06-2024 at MUNDRA PORT with Import cargo from ANTWERP. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

MUNDRA PORT SEZ

The above vessel has arrived on 16-06-2024 at MUNDRA PORT with Import cargo from ANTWERP, BREMERHAVEN. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

KANDLA-SEZ/GANDHIDHAM MUNDRA

The above vessel has arrived on 16-06-2024 at MUNDRA PORT with Import cargo from ANTWERP, HAMBURG, RAUMA, LE HAVRE, BELFAST,

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

MSC AGENCY (INDIA) PRIVATE LIMITED

Government proposes export obligation period review for certain sectors

NEW DELHI: The government has proposed to amend the export obligation period for wheat, raw sugar, n a t u r a l r u b b e r , s p i c e s , pharmaceuticals and tea, among other sectorstofacilitatetheirexports

India allows duty free import of inputs used for manufacturing for e x p o r t s s u b j e c t i n a d v a n c e authorisation to export obligation period in which exporters have to ship the goods within a stipulated time period otherwise they’re penalised.

The Directorate General of Foreign Trade (DGFT) has sought

comments of all the concerned stakeholders on the proposed amendments within 15 days.

The proposed relaxations in the obligation period for coconut oil to six months from 90 days, silk in any form to 12 months from nine months, and six months for wheat, raw sugar, natural rubber, maize and walnut.

“This has been requested to facilitate exports and operate within a higher trust based eco-system,” DGFT said in a trade notice.

To amend the export obligation period, the DGFT has proposed to

amend an appendix of foreign trade policy’s handbook of procedures 2023

promotion councils and exporters regarding the review of the appendix which deals with the sectors and their respective export obligation period.

“This directorate is proposing a review of the export obligation period as mentioned in Appendix - 4J All stakeholders are advised to provide their comments / suggestions / views with regard to proposed amendments,” the DGFT said.

APSEZ leads peer associates in market value as cargo volumes surge

AHMEDABAD: Adani Ports & Special Economic Zone Ltd.’s market capitalisation has climbed to about $37 billion, overtaking peer Beijing-Shanghai High Speed Railway Co. Rising cargoes and entry into India’s benchmark S&P BSE Sensex Index may extend its rally

“It’s the beginning of a journey for Adani Ports,” said Deven Choksey, MD at DRChoksey FinServ Pvt. Expansion is becoming more natural for the company now that it’s generating cash and can already manage millions of metric tons of cargo, he said.

Adani Ports handled about 27 per cent of India’s total cargo and around 44 per cent of container

cargoes in the year to March 31, according to a company statement. Its volumes increased 24 per cent from a year earlier, with ten of its domestic ports recording their highest-ever cargo volumes, the statement said.

The company ’s “acquisition appetite” and strong balance sheet indicate further growth, said

Priyankar Biswas, an analyst at BNP Paribas Securities India Pvt. Adani Ports agreed to buy India’s Gopalpur port in March and purchased a majority stake in a Tanzanian containerterminalearlierthismonth

The stock will also begin trading on India’s benchmark equity gauge starting Monday. Its admission is

expected to bring in flows of $252 million, according to Nuvama Alternative & Quantitative Research. Still, Adani Ports faces several risks following India’s election, according to Bloomberg Intelligence analyst Denise Wong. Its stock fell more than 20 per cent on June 4 after Prime Minister Shri Narendra Modi’s alliance won a surprisingly slim majority, though has since recouped some losses.

“A d a n i Po r t s m a y h a v e a n uncertain earnings growth outlook u n d e r I n d i a ’ s n e w c o a l i t i o n government,” Wong wrote in a report. “Adani Group firms could also be vulnerable to renewed regulatory scrutiny.”

Amid Red Sea crisis, exporters opting for high-cost air cargo

NEW DELHI: Amid the crisis in the Red Sea, many of exporters in the region are opting for air cargo despite higher freights cost to meet their obligation in a timely manner According to insiders, exporters of apparel, pharmaceuticals and auto parts are opting for air cargo at times to meet the urgency

According to exporters, it has been nearly eight months, but the crisis at the Red Sea refused to relent impacting their bottom lines.

“Amid the crisis, the freight rates have been doubled as merchant vessels takes different route to reach to the US and other European markets. The industry is not only losing precious revenue on account of higher freight cost and higher insurance premium but also the merchant vessels takes 5-6 days more to reach to the designated destination as they take different routes. So in such a scenario, at time some of the exporters are using air route to reach

faster to their customers,” said Harish Dua, managing director of Ludhiana-based KG Exports.

The volume of the air cargo may be small compared to merchant vessels but it has picked up in last eight months According to insiders, exporters of apparel are also using air cargo at times to meet the urgency besides pharmaceutical and auto parts. The major apparel hubs in the northern India are in Ludhiana, Jalandhar, Panipat, Gurugram and Noida. Punjab and Haryana alone have around 200 exporters.

For India, Red Sea is an important shipping route for goods traded to the U S a n d E u r o p e a n c o u n t r i e s . Commodities such as apparel, auto p a r t s , e n g i n e e r i n g g o o d s , pharmaceuticals and chemicals from India pass through the route. It is estimated that about 80% of India’s merchandise trade with Europe passes through this route So, the disruption has had a critical effect on

exports from India, particularly from the northern region.

According to exporters, the crisis has not only hit their bottom lines but also hit the export orders. “If we factor the high sea freight cost which has almost doubled since the crisis, then t h e p r o d u c t d o e s n’ t r e m a i n competitive. Moreover, many of the European countries are in crisis so both the factors combined leads to lesser orders,’” said an exporter from Haryana.

According to Danish shipper Maersk, the latest threats of escalation of violence in the Red Sea in May amid the ongoing IsraelHamas conflict are likely to hit the shipping industry’s capacity by 15-20 per cent.

It is worth noting that the crisis started in October last year when Iran-backed Houthis seized and launched aerial attacks against dozens of merchant and naval vessels in the Red Sea.

m.v. “MSC DARLENE” Voy : FD417E

I.G.M. NO. 2380178 Dtd. 19-06-24 Exch rate 85.77

The above vessel is arriving on 23-06-2024 at MUNDRA PORT with Import cargo from BARCELONA, TUNIS, MERSIN. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

MUNDRA PORT SEZ

Item No. B/L No. Item No. B/L No. Item No. B/L No.

207 11877 208 11879 209 11899

210 MEDUD8570241 211 MEDUD8580067 212 MEDUD8570308

KNY2404008564 214 KNY2404008565

The above vessel is arriving on 23-06-2024 at MUNDRA PORT with Import cargo from VALENCIA. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.

GANDHIDHAM

Item No. B/L No.

138 MEDUD8579390

The above vessel is arriving on 23-06-2024 at MUNDRA PORT with Import cargo from HALIFAX, MONTREAL, VALENCIA.

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

KANDLA-SEZ/GANDHIDHAM

184 MEDUMC788905 185 MEDUMC790570 186 MEDUMC790604 187 MEDUMC790562 188 SFSTORPTL0402 189 MEDUQ8746941 190 MEDUQ8759191 191 MEDUQ8779397 Item

195 MEDUQ8766006 196 MEDUVB609653 197 MEDUVB579849

The above vessel is arriving on 23-06-2024 at MUNDRA PORT with Import cargo from DURRES, PARANAGUA, HALIFAX, MONTREAL, VANCOUVER, LIMASSOL, SKIKDA, BARCELONA, VALENCIA, FOS-SUR-MER, RIJEKA, ANCONA, BARI, GENOA, NAPLES, PALERMO, RAVENNA, LA SPEZIA, TRIESTE, VENICE, AL 'AQABAH, BAR, SINES, KOPER, TUNIS, MERSIN.

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

MUNDRA

S00840005

23 MEDUJ9368781

24 MEDUJ9367395

25 MEDUJ9368815

26 MEDUJ9367452

27 MEDUJ9368864

28 MEDUMC788715

29 MEDUMC790653

3 MEDUJO186269

30 MEDUMC790869

31 MEDUMC790588

32 MEDUDY205707

33 MEDUDY209899

34 MEDUDY225606

35 MEDUDY208677

36 MEDUDY210970 37 MEDUDY221001

38 MEDUDY206176

8

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

MSC AGENCY (INDIA) PRIVATE LIMITED

Gandhidham : Siddhi Vinayak Complex, Plot No. 1, Office No.

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.

Slowdown in Chinese import to India during Jan-April 2024

NEW DELHI: India’s efforts to boost manufacturing and cut its dependence on Chinese imports appear to have met with some success with merchandise imports from the neighbour declining in the three months since January before flattening out, according to data from the Commerce Ministry.

However, the overall bilateral trade remains heavily skewed in f a v o u r o f C h i n a , w i t h I n d i a n i n d u s t r i e s a c r o s s s e c t o r s significantly dependent on Chinese manufacturing.

Chinese goods imports fell from $8.96 billion in January to $8.09 billion in February, $7.75 billion in March, and was flat at $7.79 billion in April.

China’s share in India’s imports too declined during Januar yFebruary, despite a rising trend in overall imports.

During January, while India’s total imports stood at $53.35 billion, China’s share stood at 16.79%, which fell to 13 46% in February when total imports rose to $60.11 billion.

However, China’s share in India’s imports stood at 13.53% and 14.4% in March and April, respectively, while imports stood at $57 billion and $54 billion respectively

During April, China took the largest share in India’s import basket, followed by Russia (9.7%), the United Arab Emirates (6.14%), the US (5.9%) and Saudi Arabia (5.9%).

India largely imports crude oil from Russia, the UAE and Saudi Arabia.

Cutting non-essential imports

Top imports from China include

telecom and smartphone parts, laptops and PCs, plastic, iron and steel, chemicals, non-assembled cells, lithium-ion batteries, fertilizers and other electronic goods like radio t r a n s m i s s i o n a n d t e l e v i s i o n apparatus parts.

India has been working to cut imports of non-essential consumer and electronic goods from China in a bid to narrow a trade imbalance.

“The rising trade imbalance with China is a concern. In some strategic sectors like renewable energy, electronics, and pharmaceuticals, we are dependent on China for raw materials. However, there are other non-essential sectors where such imports could be cut down,” said a senior official, who spoke under the condition of anonymity

“Dumping of cheap Chinese products into the country will not be encouraged. Measures in terms of anti-dumping duties in certain steel p

machinery, wheel loaders, and gypsum tiles, among others, have been taken to protect domestic manufacturers. However, for India to significantly reduce its trade i

b

conscious decision to bring down t h e i r r e

i l i t y o n C

e s e products,” the person added Rise in exports

The trade imbalance is stark India’s exports to China rose from $15.31 billion in 2022-23 to $16.67 billion in 2023-24.

By contrast, India’s imports from China rose from $98.51 billion in

2022-23 to $101.75 billion in 2023-24.

Overall, China was India’s largest bilateral trade partner in 2023-24.

During 2023-24, bilateral trade between India and China stood at $118.4 billion. During the fiscal year, i m p o r t s i n c r e a s e d 3 . 2 4 % t o $101.7 billion and exports rose 8.7% to $16.67 billion.

For 2023-24 as a whole, India’s merchandise exports stood at $437 06 billion, down from $451 07 billion during the previous fiscal.

G o o d s i m p o r t s f e l l t o $677 24 billion from $715 97 billion recorded during the same period.

“

y e a r s , China’s share in India’s industrial product imports has increased significantly, from 21% to 30%. This growth in imports from China, has been much faster than India’s overall import growth, with China’s exports to India growing 2.3 times faster than India’s total imports from all other countries,” said Global Trade Research Initiative (GTRI), an economic think tank, in a recent report.

The report s

significant reliance on Chinese i m p o r t s a c

electronics, machinery, chemicals, pharmaceuticals, and textiles, with some sectors relying on as much as 70% of Chinese imports.

Reducing this reliance, it said “is imperative not only to mitigate economic risks but also to bolster domestic industries and reduce dependency on single-country imports, especially from a geopolitical competitor like China”.

9 Indian Ports among Top 100 in World Bank’s Container Port Performance Index

NEW DELHI: Visakhapatnam

P o r t m a d e t o t h e t o p 2 0 b y

demonstrating 27.5 moves per crane hour, turnaround time of 21.4 hours and lowest berth idle time.

Nine of Indian ports have found their position among top 100 global p o r t s r a n k e d b y Wo r l d B a n k Container Port Performance Index in

2023. Visakhapatnam Port occupies 19th position, making its way in the top 20 list. Adani Mundra ranked 27. These ports have come up a long way from Visakhapatnam’s 115th rank and Mundra’s 48th position in the 2022 year ranking of the World Bank Visakhapatnam Port made to the top 20 by demonstrating 27.5 moves per

crane hour, turnaround time of 21.4 hours and lowest berth idle time. Other ports featuring in the top 100 are Pipavav Port at 41st position, Kamarajar Port at 47th rank, Cochin Port at 63rd place, Hazira on 68th number, Krishnapatnam Port on 71st position, Chennai on 80 and JNPA at 96th place

India set to import avocados from Brazil

NEW DELHI: India is set to import avocados from Brazil for the first time, aiming to address the high prices of the fruit in the domestic market, which range from Rs 100 to 2,000 per kilogram depending on the variety. This move is part of a broader agriculture deal being negotiated between the two countries.

Avocado imports are permitted under India’s Open General Licence (OGL). Brazil, known for being one of

the largest avocado producers globally, will supply hass avocados to India initially Negotiations between Indian buyers and Brazilian sellers are underway, with contracts expected to be finalized soon.

Brazil plans to export smaller avocados that are less consumed domestically, starting with shipments potentially as early as February 2025. The initiative aims to introduce B

consumers, potentially stabilizing prices and offering more affordable options compared to the current imported varieties. To promote this new trade, Brazil’s export promotion agency, ApexBrasil, will conduct a workshop in Mumbai by the end of August to familiarize Indian stakeholders with Brazilian avocados’ flavors and quality So far, Indian demand has mostly been met by imports from Tanzania, Australia, New Zealand, Peru and US.

CGM ATTILA” V - 0FFBWE1MA

The above vessel is arriving at MUNDRA PORT on 26-06-2024 with Import Cargo in containers.

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ZIM INTEGRATED SHIPPING SERVICES (INDIA) PVT. LTD.

World Container Shipping rates keep rising amid port congestion

MUMBAI: Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas

Spot rates for full-size shipping containers to the US and Europe from Asia rose again in the most recent data, with three key routes all topping $6,000 for a 40-foot equivalent unit, according to the Drewry World Container Index, released recently They’ve all tripled since the end of 2023, though the pace of increases is moderating.

Nearly six months of regular attacks on vessels in the Red Sea has stretched capacity in an industry responsible for moving about 80% of all international goods trade,

disrupting the normal flow and leading to bottlenecks in some of Asia’s biggest ports Singapore’s maritime gateway, among the world’s most vital crossroads for s e a b o r n e f r e i g h t , i s f a c i n g a sustained period of congestion The waiting time for berth space there is nearing five days, according to industry estimates, and it’s ranging from one to four days in the Chinese ports of Ningbo, Shanghai and Qingdao

On top of stretched supply, demand for goods is solid especially in the US Imports at the Port of Los Angeles, the busiest seaport in the US, remained above the prepandemic peak in the first five months of 2024 despite ticking down in May

According to Drewry, the cost of a 4 0 - f o o t c o n t a i n e r t o m o v e merchandise to Los Angeles from Shanghai last week rose 0.8% to $6,025. That was the sixth straight week of gains. The charge for Shanghai to Rotterdam increased 2.4% to $6,177, the highest level since September 2022.

From Shanghai to Genoa, Italy, in the Mediterranean Sea — among the routes hardest hit by the shipping industry’s avoidance of the Red Sea the rate rose by 3% to $6,862, according to Drewry. That was also the highest since September 2022. Drewry said it “expects that freight rates from China will continue to rise next week due to congestion issues at Asian ports.”

Agriculture export ban hurting farmers;

$6,193 mn loss in last scal

NEW DELHI: Despite a recordbreaking harvest and a significant increase of nearly 14.1 million tonne in foodgrain production, farmers continue to face distress, thanks to the ban on the export of key agricultural commodities to contain inflation during the elections.

According to farmers, traders, food policy experts and other stakeholders, it is the ban on nonbasmati rice, sugar and wheat that has led to 6.36 per cent decline in the country’s agricultural exports, bringing it to $25,016.05 million in 2023-24 from $26,717 72 million in 2022-23.

Over the past three years, the export ban has resulted in

a cumulative loss of $4,880 million, according to data from the Ministry of Commerce and Industry The ban has resulted in the financial loss of $6,193 million to all stakeholders in the last fiscal alone.

Non-basmati rice exports fell sharply from $6,356 million to $4,573 m i l l i o n , w h i l e s u g a r e x p o r t s decreased from $5,770 million to $2,824 million. Wheat exports, which faces a complete ban, plummeted from $1,520 million to just $56 million.

Over the past three years, the export ban has resulted in a cumulative loss of $4,880 million, according to data from the Ministry of Commerce and Industry The ban has resulted in the financial loss of $6,193

million to all stakeholders in the last fiscal alone.

Non-basmati rice exports fell sharply from $6,356 million to $ 4 , 5 7 3 m i l l i o n , w h i l e s u g a r exports decreased from $5,770 million to $2,824 million Wheat exports, w h i c h f a c e s a c o m p l e t e b a n , plummeted from $1,520 million to just $56 million.

Experts and traders stress a pro-farmer export policy is essential to address the issue of declining agricultural income. Although major political parties have promised to boost farmers’ earnings, none has emphasised the critical need to overhaul the export policy to effectively tackle the issue.

Fitch raises India's FY25 growth forecast; isn't optimistic about global growth

NEW YORK: Fitch Ratings raised India's growth forecast to 7.2 per cent from 7 per cent for the ongoing financial year on the back of a rapid growth seen in recent quarters underpinned by a 'fast expansion' in investment, per June Global Economic Outlook released recently

Indian economy grew 7.8 per cent in the final quarter of FY24, higher than Fitch Ratings' expectations, while it grew 8.2 per cent in FY24 overall.

"Falling indirect taxes net of subsidies have boosted GDP growth relative to gross value-added at basic prices. The latter is currently a better guide to underlying momentum and has been growing at just over 7 per cent," Fitch said.

T h e r a t i n g a g e n c y e x p e c t s investment to continue rising in Prime Minister Narendra Modi's third term, however, more slowly than seen in recent quarters. It also expects consumer spending to recover owing to elevated consumer confidence.

Fitch expects the 'above normal' monsoon forecast for June-September to limit risks from food price spikes. Fitch expects headline inflation in India to decline to 4.5 per cent by the end of 2024 and average 4.3 per cent in 2025 and 2026.

Fitch on global growth prospects

Meanwhile, it said that the global growth is expected to slow in 2025 despite monetary easing in 2024.

"The global monetary policy cycle is

entering a new phase, in which rates will be falling slowly but to levels that will still be restricting demand. We expect the ECB to cut rates twice more this year, and the Fed to start cutting rates in September with another cut in December This is later than we had expected, reflecting stalled disinflation momentum in the first four months of the year But US wage growth is gradually cooling," said in a report.

"Nevertheless, central banks remain cautious about loosening policy too rapidly, particularly in light of high services inflation Pressures from rising labour costs and housing rents and the normalisation of relative price trends are keeping services inflation elevated," it further said.

Drewry: Red Sea diversions and slower ports cause bigger-than-expected issues – But will they last?

LONDON: Since early May, shippers, forwarders/NVOs, ocean carriers and ports have experienced a return to capacity challenges, soaring spot freight rates, chronic port delays and a surge of traffic volumes.

Some shippers are having issues securing capacity at agreed contract rates. The Drewry World Container Index, a weighted average of spot rates on 8 East-West routes, had declined steadily from $3,964/40ft container in January to $2,705 in late April, as carrier networks appeared to settle down after the start of Red Sea attacks. But spot rates then surged 74% between late April and early June – and we know from shippers that many are asked to pay Peak Season Surcharges.

Drewry has previously identified 4 causal factors behind the recent problems:

1.Stagnant capacity

2.Very strong demand growth

3.Shipper behaviour

4.Operational disruption

Here is our latest independent assessment of these factors and their durations.

Stagnant capacity

Drewry data shows that carriers have added many ships into their East-West services to compensate for the longer routes now used by nearly all the former Suez Canal-dependent carriers. On the Asia-North Europe route, according to Drewry Container Forecaster data, carriers have increased their number of ships 24% and their total capacity 17%

But this large addition of ships resulted in only a 2% increase in the monthly effective capacity per month, to 1.1 mteu, because these assets are now sailing over longer distances and are less productive than before the Red Sea attacks started.

On the Asia-East Coast of North America route, carriers increased their number of ships 9% during the same period, but their effective capacity per month increased… 0%.

This is a key factor behind the current tight capacity: about 1 million teu of ship capacity was delivered in the first 4 months of 2024, but this made zero difference to the monthly effective capacity provided to the market.

In our analysis of capacity problems, Drewry considers that the remaining capacity due to be delivered during 2024 will, finally, have

an expansionary effect on effective capacity It will not be a repeat of merely correcting the need for more ships after the Red Sea diversions. Very strong demand growth

Data for May is still limited, but it is clear that transpacific volumes and volumes on several other routes are stronger than a year ago.

According to the National Retail Federation, US containerised imports in May were forecast to reach 2.1 mteu, an increase of 8% from the 1.9 mteu of May 2023.

We note that, back in May 22, during the pandemic, US imports totalled 2.4 mteu, so the May 24 figure is still 12% lower than during the previous troublesome volume peak. Shipper behaviour

A s u r v e y o f D r e w r y Benchmarking Club members –a group of 100+ multinationals –f o u n d t h a t a p r o p o r t i o n o f international shippers are indeed shipping early, this year This precautionary policy, often intended to ensure that shipments arrive in time, may intentionally cause capacity issues and delays, because the capacity and infrastructures are stressed.

In our analysis of the market, we consider that an early peak season is both a short-term change in the market and a signal that there will be a volume vacuum when the peak volumes have been completed.

Operational disruption

Port productivity has also taken a hit in recent months. The time spent by ships waiting before berthing at high-volume ports tracked by Drewry increased 43% between 3Q23 and 2Q24 – to over 400,000 hours. We heard that a major transhipment port in Asia is experiencing a density of shipping containers in their terminals close to the records of the pandemic. Port strikes on the US East and Gulf coasts could widen the operational disruptions

T h e r e f o r e , t h e l a r g e - s c a l e changes in liner networks and the relocation of much transhipment activity to new locations have still not normalised.

It is now clear that operational d i s r

y constraining supply According to preliminary numbers from the Drewry Container Forecaster (2Q-24 Edition currently being finalised) –

the supply-demand balance in the g l o b a l c o n t a i n e r m a r k e t h a s increased.

With all these moving pieces, Drewry is now considering the likely duration of the Red Sea diversions and the impact of port congestion on s u p p l y a n d s u p p l y D i f f e r

n t scenarios must be considered, and some negative factors are expected to continue after the end of this year

Of the 4 factors causing the current capacity and efficiency issues, only some look to last longer than a year The end of the peak season, the continuous delivery of new ships and the re-opening of the Suez Canal route could all help redress the current supply-demand problems.

Frankly, nobody can answer when normal shipping operations will resume (i.e. when the Suez Canal will be back in full-scale use) with any degree of confidence, but Drewry has tried to harness the collective wisdom of our customers, many of which are involved at the coal face, to at least formulate an educated guess and get a sense of the range of opinions.

The survey results are quite bleak, w i t h l e s s t h a n 1 7 % o f t h e 90 respondents anticipating an end to Red Sea diversions before 2024 is out.

While 2H24 was the second favoured option, it was a long way behind the clear favourite, 1H25, which garnered a clear majority of 60%. The third most popular choice was 2H25 with 14.4%, followed by 1H26 with 5 6% Only 3% of respondents were so pessimistic that they couldn’t see an end to the situation before the end of 2026.

Responses to the ancillar y question on how long it will take liner operations to normalise once the Red Sea diversions are over, suggests that things will not snap back into p l a c e n e a t l y s t r a i g h t a w a y Most respondents (43%) opted for a 3-month normalisation period, followed by “longer than 3 months” at 27% and 2-months at 25%.

Drewry’s View

There is no consensus expectation that the Red Sea crisis will end this year, despite diplomatic talks concerning Gaza Shippers should expect the continuation of long transit times and higher risks of transport and supply chain disruptions, plus continued capacity challenges in the short term.

Deendayal Port surpasses 30 MMT cargo handling in Q1

Cont’d. from Pg. 2

This significant milestone not only marks the fastest handling of 30 MMT of cargo in our history but also represents a substantial increase over the previous year’s volume of 3.3 MMT for the corresponding period.

This remarkable achievement is a testament to the dynamic guidance of Chairperson and Dy Chairperson & relentless efforts and dedication of our HODs and entire

Shri Ratna Sekhar Rao, who has been instrumental to a great extent in achieving this milestone.

Their hard work and commitment have enabled us to reach new heights in our operational performance We extend our sincere Thanks for continuous support and guidance.

Chairman-DPA congratulated all the Stakeholders, Port Users, Trade Unions, Officials of Port, Employees and workers for their whole hearted support and cooperation for this achievement.

Landmark CFS celebrated 7th Anniversary of Excellence in CFS and Depot Management Services

Cont’d. from Pg. 2

, Landmark CFS has

c o n s i s t e n t l y delivered exceptional CFS and depot management services, catering to the diverse needs of its clients. The company's dedication to providing reliable, cost-effective, and timely solutions has earned it a reputation for excellence in the logistics sector.

Landmark CFS's success can be attributed to its skilled and experienced team, state-ofthe-art infrastructure, and a relentless focus on continuous improvement. By leveraging the latest technologies and industry best practices, the company has been able to streamline operations, enhance productivity, and ensure the highest standards

of quality and safety

Landmark CFS has celebrated this remarkable milestone and extend their heartfelt gratitude to valued customers and partners for their unwavering support and trust.

APM Terminals Pipavav Port achieves Milestone in Vehicle Logistics, Sets New RORO Handling Record

Cont’d. from Pg. 2

The terminal processed 40 NMG (Newly Modified Goods) rakes, facilitating the unloading of 3,969 cars. This achievement represents a significant increase from the previous record of 30 NMG rakes handled in March 2024.

C o m m e n t i n g o n t h e milestone, Mr. Girish Aggarwal, M a n a g i n g D i r e c t o r , APM Terminals Pipavav said "This record not only highlights our great team work towards operational excellence but also demonstrates our steadfast commitment to continuous improvement. By handling an unprecedented 40 NMG rakes and unloading 3,969 cars in a single month, we are humbled to set new industry benchmarks in the logistics sector This performance underlines our terminal’s dedication to elevating operational efficiency and advancing global automotive logistics Looking ahead, we remain dedicated to continuous improvement and delivering best-in-class services at APM Terminals Pipavav." Commitment to Efciency and Sustainability:

transportation aligns with APM Terminal’s industryleading decarbonisation agenda by reducing reliance on road transport and lowering emissions.

By efficiently managing the movement of vehicles through rail, APM Terminals Pipavav contributes to significant decongestion of India's road networks, benefiting both the environment and commuters.

APM Terminals Pipavav stands as India's pioneering public-private partnership (PPP) port and the first to connect with the Dedicated Freight Corridor (DFC).

This achievement highlights APM Terminals Pipavav's dedication to providing its clients with:

• Reliable and efcient: Streamlined processes ensure the safe and timely handling of vehicles.

• Sustainable practices: Promoting RORO

As a key node in the APM Terminals global network, it boasts impressive handling capacities: annually, the port manages 1.35 million TEUs of container traffic, 4 million metric tons of dry bulk, 2 million metric tons of liquid bulk, and 250,000 passenger cars. This extensive capability not only underscores its critical role in enhancing India's logistical infrastructure but also highlights its impact on streamliningthecountry'scargomovementefficiently