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Gujarat Maritime Summit 2nd Edition :
AHMEDABAD: Daily Shipping
Times P roudly Organised and
Managed Gujarat Maritime Summit on Friday, 18th October 2024 in Ahmedabad at Hotel Courtyard b y M a r r i o t t , R a m d e v n a g a r , Ahmedabad. After the Grand Success
of the 1st Edition last year, the 2nd Edition of the Summit received an even more resounding response from the entire Maritime and Logistics Trade Daily Shipping Times expresses its Heartfelt Gratitude to all its Event Partners, Industry Stalwarts and Distinguish Guests in helping us make this Summit a memorable one
Gujarat Maritime Summit 2nd Edition : Eminent Panelists alongwith Event Partners
Gujarat Maritime Summit 2nd Edition : A Resounding Success Yet Again !!!
Powerful Knowledge Sharing and Insigh ul Panel Discussions Enlightened the Trade
Cont’d. from Pg. 4 Leading Dignitaries and Industry Veterans of t h e M a r i t i m e a n d
L o g i s t i c s i n d u s t r y comprising Shipping Stalwarts, Trade and Industry Experts, Port Officials, Academician, CEOs, were among the distinguished dignitaries that flocked in scores at t h e 2 n d E d i t i o n o f
G u j a r a t M a r i t i m e Summit
The Theme of this year was Grow with Gujarat in the Amrit Kaal Vision 2047 and the Summit comprised of 2 insightful Panel Discussions.
The 1st Panel Discussion was on the Topic of “The Impact of Current Geo-Political Scenario on Global Shipping” which was brilliantly moderated by Industry Veteran Mr. Shantanu Bhadkamkar, Managing Director – ATC Group. He elucidated the broad factors that were impacting the maritime industry due to the current Geo-Political scenario and how to minimize its impact. He opined that Central Government a l w a y s h a d s o m e c o n s t r u c t i v e p o l i c i e s a n d implementation is with the States. And here we can say that Gujarat has been exceptional for last few years. He acknowledged and commemorated the role of Gujarat Maritime Board for being the most active Maritime Board in our sector
The Panellists for this Discussion includedMr. Sunil Vaswani – Executive Director, Container Shipping Lines Association, Mr. Arun KumarPresident, Association of Multimodal Transport Operators of India, Mr. Nityam Khosla – Director, Teamglobal Logistics Pvt. Ltd., Mr. Amit Oza - F.I.C.S. - Astramar Shipping and Trading Services, Mr. Satyen Desai – COO, CKB Group, Mr. Christopher Phillips – Director, Seatech Shipping & Projects (I) Pvt Ltd , Mr Kuruvilla Varghese Chalishery –Chief Commercial Ofcer, Adani Logistics Ltd. and
Mr. Amanpreet Singh –Vertical Head, PharmaJeena & Company
T h e E s t e e m e d Panellists of Session 1 were felicitated by Mr. K aushaal Buch from Total Transport S y s t e m s L t d . , Mr. Umang Thakker from Kalash Global Logistics Pvt. Ltd. and Mr. Mayank Kacholiya f r o m I S S G F I n d i a Pvt. Ltd.
The 2nd Panel Discussion was on the Topic of “Transforming Logistics through Technology and Digitization” which was moderated by Globally acclaimed Academicism and Stalwart Mr Samir J Shah, Director - JBS Jeena Logistics. He opined that I’ve been adapt at using technology and it is just that we never looked at it in that particular fashion We need to see technology as a facilitator and not as an hinderance or something that’ll take our jobs
The Panellists for this Discussion includedDr. Pramod Sant – Chairman - Shipping & Logistics Committee – Indian Merchants' Chamber, Mr. Clarence Xavier, Director TechnologyAbrao Group, Mr. Prashant Popat, Director, Velji Dosabhai & Sons Pvt. Ltd., Mr. Sanjay DixitVice President Logistics & Distribution for Intas Pharmaceuticals, Dr. Rachna Gangwar, Professor – Adani University, Ms. Bijal SomeshwarRegion Head India - Odex India Solutions, Mr. Jeekshith Shetty – Managing Director, Bhavani Group, and Dr Darshan Mashroo – Director, EPT Global Logistics Pvt. Ltd.
The Esteemed Panellists of Session 2 were felicitated by Mr. Satyen Desai from CKB Group, Mr. Christopher Phillips from Seatech Shipping & Projects (I) Pvt. Ltd. and Mr. Digpalsinh B. Sodha from Fortune Shipping Services Pvt. Ltd.
Mr. Shantanu Bhadkamkar
Session 1 Esteemed Panelists : (L-R) Mr. Christopher Phillips, Mr. Satyen Desai, Mr. Nityam Khosla, Mr Arun Kumar, Mr. Shantanu Bhadkamkar (Moderator), Mr. Sunil Vaswani, Mr. Kuruvilla Varghese Chalishery, Mr Amit Oza - F.I.C.S. and Mr Amanpreet Singh.
Mr. Samir J. Shah
AIS 3
AIS 4 - ASIA INDIAN SUBCONTINENT SERVICE
AIS 5 (
VGI - VIETNAM GULF INDIA EXPRESS SERVICE
EAST BOUND
VESSELS VOY ETA/ETD GTI PKG(W) CMP JKT
FAVOUR 02436N 24/25-Oct 30-Oct 04-Nov 08-Nov
OREGON OPUSYN 12/13-Nov 18-Nov 23-Nov 27-Nov
WEST BOUND
RUSSIA, FAR EAST, SOUTH EAST ASIA, PAKISTAN
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Tel: 033-2230 7477 Email : ssacal@seahorsegroup.co.in
Gujarat Maritime Summit 2nd Edition : A Resounding Success Yet Again !!!
Powerful
Knowledge Sharing and Insigh ul
Panel Discussions Enlightened the Trade
Cont’d. from Pg. 8 Panel Moderators and
I n d u s t r y V e t e r a n s
Mr. Shantanu Bhadkamkar and Mr. Samir J. Shah
f
Partners.
M
N
3rd Gen DST and Business Development Director
Thanks.
All in all, 2nd Edition
,
thought-provoking and knowledge sharing session Audience engagement with panellists enhanced the overall interaction at the event. The Summit concluded with Networking and Dinner which offered a Grand Engaging Opportunity among the members of the Maritime Trade given the presence of Who’s Who of the Maritime & Logistics Industry. It is with the ever-lasting trust and support of the trade that Daily Shipping Times achieved milestones and has successfully completed this 2nd Edition Gujarat Maritime Summit and 65 Glorious years of presence in the industry We look forward to our longstanding relation with the trade and thank everyone again for their precious time and contribution
Ms. Nishita Modi delivering Vote of Thanks
Session 2 Esteemed Panelists : (L-R) Ms. Bijal Someshwar, Dr. Rachna Gangwar, Mr. Jeekshith Shetty, Mr. Prashant Popat, Mr Samir J. Shah (Moderator), Mr. Clarence Xavier, Dr. Pramod Sant, Mr. Sanjay Dixit and Dr. Darshan Mashroo.
Aview of theAugust Gathering
COSCO SHIPPING LINES (INDIA)
CI1 Service
NORTH WEST INDIA SERVICES
AIS Service
CHINA / INDIA EXPRESS
Service
PAKISTAN AND MUNDRA EXPRESS SERVICE
ASX Service
ARABIAN SEA EXPRESS
ASEAN-GULF-ISC 2 SERVICE
SOUTH INDIA SERVICES
TCX Service THAILAND CHENNAI EXPRESS
FCS Service FAR EAST CHENNAI SERVICE
IEX Service INDIA EUROPE EXPRESS SERVICE
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New Delhi Sales - Mr. Rohit Dixit 9717295812 rohit.dixit@coscon.com
New Delhi
SHIPPING MOVEMENTS AT GUJARAT PORTS
TODAY’S TIDE 21/10/2024
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Whiplash Chowgule Bros 27/10
CJ-II Deniz ID DBC 22/10
CJ-III Haci Ali Sari Synergy 26/10
CJ-IV Roshak Ocean Harmony 22/10
CJ-V Golden Isle Mihir & Co. 23/10
CJ-VI Ruby Confidence Mihir & Co. 24/10
CJ-VII W Sapphire Dariya Shpg. 24/10
CJ-VIII VACANT
CJ-IX Chiara Seavision Shpg. 24/10
CJ-X Yantze Jewel Dariya Shpg. 23/10
CJ-XI VACANT
CJ-XII VACANT
CJ-XIII Somnath Trueblue Shipping 22/10
CJ-XIV Star Capoeira Cross Trade 22/10
CJ-XV African Blue Crane Aditya Marine 22/10
CJ-XVAVACANT
CJ-XVI Magma Integrity Chowgule Bros 24/10
TUNA
OJ-II Putuoshan
OJ-III Tonda Source V Ocean 22/10
OJ-IV Yun Ding 19
OJ-V VACANT
OJ-VI VACANT
OJ-VII Capella
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
Grand Mariner 14/10 Bandar AbbasNhava ShevaUmm Qasr
TCI Express 16/10
Manglore-CochinTuticorin-Chennai
CL Hengyang 16/10 China
TCI Anand 17/10
Manglore-CochinTuticorin-Chennai
Hansa Europe 17/10 Nhava ShevaJebel Ali-DammamShuiba-Umm Qasr
AM Ocean Silver 17/10
African Kite 18/10 USA
African Swan 18/10 Morocco
Maubert 18/10
NV Apollo 18/10
AS Alexandria 19/10
Pipavav-CochinTuticorin-Kattupalli
Artam 19/10 Bandar AbbasJebel Ali-ConstantaChabahar
Eco 20/10
Steamer's Name Agents Arrival on
J DBC 30/09 Golden Tide Parekh Marine 05/10
Arnav Shpg. 08/10 Yassin Bey Aditya Marine 08/10 Moonlit Anline Shpg. 13/10
Nada Kashmira Shpg. 15/10 ST Andrew Interocean 16/10
Turan C JMBaxi 18/10
18/10
Shpg. 18/10
Steamer's Name
Arrival on
M JMBaxi 14/10
Loon Aditya Marine 14/10 Rize Tristar Shpg. 15/10 Chitral Malara Shpg. 18/10 Ellen Sofia ACT Infraport 18/10
DEENDAYAL PORT
Stream African Loon Aditya Marine
Cetus Catchalot Mihir &
Stream Chitral Malara Shpg.
Stream Ellen Sofia ACT Infraport
T. Rice Bags
Stream Gloria M JMBaxi Turkey 6,000 T Rice J Bags/5000 T Chick P J Bags
Stream Golden Tide Parekh Marine Rotterdam 2,166
CJ-III Haci Ali Sari Synergy West Africa
23/10 Haj Ali DBC
(57 Nos) INIXY124101089
T. Rice Im Bags/Salt in J. Bags INIXY124090926
T. Rice In Bags
22/10 Han Yi Mitsutor 313 T. Project Cargo
CJ-XVI Magma Integrity Chowgule Bros
Stream Moonlit Anline Shpg.
Stream Nada Kashmira Shpg.
Stream Neptune J DBC Sudan
Stream Pabela Upasana
Stream Rize Tristar Shpg.
CJ-IV Roshak Ocean Harmony Bandar
27/10 Sea Ruby Malara Shpg.
CJ-XIII Somnath Trueblue
Stream ST Andrew B S Shipping
CJ-XIV Star Capoeira Cross Trade
Stream Suvari Reis DBS
Stream Vanguard Arnav Shpg.
Stream Yassin Bey Aditya Marine
Stream Yangtze Elite Chowgule Bros
CJ-I Whiplash Kashmira Shpg.
T. Salt Bulk INIXY124101070
T Sugar Bags/6000 T Rice Bags INIXY124091164
T. Rice Bags
T. Sugar In Bags (50 Kgs) INIXY124091007
T. RSM
Nos. Wind Mill Blades
Bags INIXY124090992
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
Stream Ficus Mitsutor
T.
Prod CJ-V Golden Isle Mihir & Co.
Stream Heng Yuan FA Zhan Mystic Shpg. Blades 281 Pkgs. (1,229 MT) INIXY124101070
Stream Isabellem Anline Shpg. 47,510 T. Urea
TUNA MSC Magali Avantika Shpg. U.S.A. 1,00,647 T. US Coal
CJ-VI Ruby Confidence Mihir & Co. 31,948 CBM Pine Logs
Stream Sea Stellar ChowguleBros 10,405 T. Ferro Nickel In J Bags
Stream ST Andrew Interocean Brazil 48,225 T. MOP INIXY124101176
Stream Turan C JMBaxi
CJ-VII W Sapphire Dariya Shpg.
T. Coal CJ-X Yantze Jewel Dariya Shpg.
T. Petcoke
LIQUID CARGO VESSELS
Chemicals
21/10 Elenore Samudra 10,000 T. Chemicals
24/10 Geum Gang Wilhelmsen Singapore 5,100 T. Chem In Bulk INIXY124101114
Stream Ginga Kite GAC Shpg. Thailand 5,000
22/10 Safeen Power (IG1) Hapag Llyod Nhava Sheva-Jebel I./E. TEUs. Ali-Dammam-ShuibaUmm Qasr
23/10 Xin Long Yun
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING
CONTAINER
23/10 MSC Mara (V-QS441R) MSC Agency Singapore 23/10 Hong Li Yuan Yang (V-24036M)Master
Celsius Naples (V-905E) Unifeeder Agency Nhava Sheva 23/10 Celsius Nairobi (V-918) Unifeeder Agency Sohar
25/10
Hapag Llyod Nhava Sheva
DP WORLD MUNDRA
/ WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 26/10 27/10 26/10-PM Zhong Gu Chong Qing 24043E 4103819 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 28/10 03/11 03/11-PM GSL Nicoletta 444E 4103719 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
TBA Asyad Line Seabridge Marine Shangai, Ningbo, Shekou (FEX)
TBA Asyad Line Seabridge Marine Haiphong, Laem Chaban, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
In Port —/— Zhong Gu Hang Zhou24003E 4093600 Global Feeder Sima Marine Karachi (CSC)
22/10 22/10-PM Marsa Neptune 2410 4103674 Sai ShippingSai Shipping Karachi (JKX)
29/10 29/10-AM Maersk Utah 443W 4103806 Maersk Line Maersk India Colombo (MW2 MEWA) 30/10
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port Zhong Gu Hang Zhou (V-24003E) 4093600 MBK Logistix Nhava Sheva In Port Cap San vincent (V-442W) 4093621 Maersk India Jebel Ali 25/10 Yeosu Voyager (V-2408) Wan Hai Line Nhava Sheva
CB-1 Zhong Gu Hang Zhou (V-24003E) MBK Logistics 22/10 CB-2 Cap San vincent (V-442W) Maersk India 22/10
25/10 Maersk Cape Town (V-443S)
Maersk Cairo (V-442S) Salalah 18-10-2024 SSL Godavari (V-35W) Nhava Sheva 19-10-2024 Seaspan Jakarta (V-442W) Pipavav 20-10-2024
Maersk Line Maersk
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
26/10-AM Xin Chang Shu 89E 2403725 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)
22/10-PM Xin Hang Zhou 199 2403765 FeedertechFeedertech Port Kelang, Singapore, Leam Chabang.(AGI)
Pusan, 22/10
23/10 20/10-AM Celsius Naples 905E 2403615 Evergreen/ONE Evergreen Shpg/ONE Port Kelang, Tanjin Pelepas, Singapore, Xingang, Qingdao, Ningbo 24/10 24/10 24/10-AM ESL Dachan Bay 24005E 2403689 Feedertech/TS Lines Feedertech / TS Line Shanghai (CISC) 25/10 23/10 22/10-PM ESL Busan 2438E 2403581 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 24/10
30/10 23/10-PM Torrance 29E 2403731 Evergreen/KMTCEvergreen/KMTC (FIVE)
25/10 24/10-PM Zhong Gu Gui Yang 2438E 2403357 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS)
TS Lines Samsara Shpg
30/10 30/10-AM Wan Hai 309 26E 2403866 Wan Hai Line Wan Hai Lines Port Kelang, Jakarta, Surabaya. (SI8 / JAR)
ASIA GULF PORT
PIPAVAV PORT
25/10 24/10-1800 Maersk Sentosa 442W 24334 Maersk Line Maersk India Algeciras
01/11 01/11-0001 Navios Tempo 443W (MECL)
08/11 07/11-1800 Maersk Detroit 444W 24352
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS
21/10 —/— Xin Da Yang Zhou 096E 24321 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 22/10 27/10 27/10-1400 Pusan 34E 24349 Gold Star / RCL Star Shpg/RCL Ag. (CIXA)
31/10 31/10-1400 Aka Bhum 024E 24348
23/10 23/10-1000 Zhong Gu Chong Qing 24043E 24336 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 24/10 30/10
30/10-1000 GSL Nicoletta 444E 24342 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX)
31/10 Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan.
24/10 23/10-0100 One Reliability 008E 24344 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 25/10 28/10 28/10-1300 Cap Andreas 015E 24347 ONE ONE (India) (TIP) 29/10
28/10 28/10-1300 X-Press Angelesey 24033E 29/10 24/10 23/10-2100 OOCL Atlanta 161E 24345 COSCO COSCO Shpg. Singapor Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 25/10 Nansha, Port Kelang (CI1)
25/10 25/10-0200 One Arcadia 070E 24341 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 26/10 30/10 30/10-0200 One Theseus 089E 24346 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3)
22/10 22/10-0300 Seaspan Jakarta 0442W 24340 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)
25/10 24/10-1800 Maersk Sentosa 442W 24334 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 26/10 TO LOAD FOR INDIAN SUB CONTINENT PORTS & COASTAL SERVICE
21/10 —/— Xin Da Yang Zhou 096E 24321 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)
23/10 23/10-1000 Zhong Gu Chong Qing 24043E 24336 Maersk Line Maersk India Colombo. (NWX)
24/10 23/10-0100 One Reliability 008E 24344 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo.
28/10 28/10-1300 Cap Andreas 015E 24347 ONE ONE (India) (TIP)
SM Manali 0047 24343 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 26/10 Krishnapatanam, Cochin, Mundra. (CCG)
25/10 24/10-0001 SSL Bharat 162 24319 SSLSSL Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1)
04/11-0600 SCI Chennai 2413 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE) 05/11
24/10 23/10-0100 One Reliability 008E 24344 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 25/10 28/10
Arcadia
SHIPPING MOVEMENTS AT ADANI HAZIRA PORT
Nitin Gadkari highlights use of biofuels to cut logistics costs
NEW DELHI : Union Minister of R o a d Tr a n s p o r t & H i g h w a y s , NitinGadkari, stressed the role of alternative fuels in reducing logistics costs and enhancing supply chain efficiency Reducing logistics costs, he noted, is crucial for strengthening India’s economic competitiveness, particularly amidst global geopolitical uncertainties He highlighted the burden of fossil fuel imports—valued at a p p r o x i m a t e l y ₹ 2 2 l a k h c r o r e annually and underscored the importance of adopting biofuels such as
methanol, ethanol, and bioCNG to lower operational expenses.
Gadkari was speaking at the International Methanol Seminar and Expo, organised by NITI Aayog in New Delhi. The event showcased methanolbased innovations and technologies, with prominent attendees including NITI Aayog Vice Chairman SumanBery, Member V K Saraswat, and Principal Scientific Advisor Ajay Kumar Sood Gadkari toured the expo, exploring displays of sustainable products and machinery aimed at promoting biofuel
adoption across sectors.
He highlighted two main issues in his speech: the country’s reliance on imported fossil fuels and the rise in environmental contamination. In order to improve farmers’ livelihoods, assist the agricultural economy, and promote energy independence, he underlined the strategic significance of boosting biofuels, including methanol, ethanol, and bio-CNG. The Minister pointed out that NITI Aayog has made progress in promoting methanol technology development in India.
Middle East crisis : Amid supply chain stress, India looks to augment shipping fleet, container manufacturing
NEW DELHI : As global shipping rates doubled in September this year amid the ongoing conflict in the Middle East, the Centre is taking measures to mitigate losses by boosting the size of the Indian container manufacturing capacity and augmenting the domestic shipping fleet, government officials said.
“There is a clear recognition at higher levels of the need to boost the shipping fleet and improve container manufacturing. Inter-ministerial efforts involving commerce, shipping and finance for the same are ongoing. Today, our exports stand at $450 billion. China was at $450 billion in 2004. It took them two decades to surpass $3 trillion. Fleet and container capacity building came at a certain stage of growth, and for India, that growth phase is coming now,” a senior official said.
The widening of the conflict with Iran’s direct involvement could impact Indian exports, especially low-margin, high-volume products such as textiles, another official said.
Meanwhile, the World Bank’s trade watch report, released earlier this week, stated that global supply chain stress remained elevated through September 2024, amid disruptions in West Asia, the Mediterranean, and Asia, as shipping rates stayed “more than twice as high” as a year ago. Last month, it was reported that Indian exporters flagged rising refusal by foreign shipping lines to allocate slots amid a surge in freight rates.
“Higher freight rates have been absorbed by buyers and sellers until now Going forward, much will depend on how the conflict unfolds. One key concern has been the impact on petroleum imports, but it has been limited as our petroleum imports are well-diversified,” the official said.
The World Bank’s Global Supply Chain Stress Index, which tracks delayed shipping capacity, jumped to 1.4 million twenty-foot equivalent unit (TEUs) in September 2024, up 72 per cent from October 2023, when Hamas’s attack on Israel ignited renewed conflict in West Asia.
“The Israel-Hamas conflict was isolated to an extent, but the widening conflict with Iran’s direct involvement could impact Indian exports, especially for low-margin, highvolume products such as textiles. Indian exports have almost completely moved to the Cape of Good Hope route,” another official said.
Since the Red Sea crisis began, Indian exporters have been asking the government to push for developing an Indian shipping line of global repute. The request comes as India’s outward remittance on transport services is increasing with rising exports. In 2022, traders remitted over $109 billion as a transport service charge.
Exporters said that an Indian shipping line would “reduce arm-twisting” by foreign shipping lines, particularly of Indian micro, small and medium enterprises (MSMEs).
Notably, global shipping lines are seeing their profits soar amid the Red Sea crisis. Danish company Maersk, seen as a barometer of world trade, in August raised its profit forecast for the third time since May, citing higher freight rates due to the Red Sea crisis and solid container shipping demand.
“Shipping costs peaked in July 2024 at levels last seen in
2022 but declined rapidly thereafter By September, they had fallen by almost 40 per cent from July 2024, returning to January 2024 rates, although they remained more than twice as high as at the end of 2023,” the World Bank said. The World Bank trade watch report noted that conflicts in West Asia contributed to shipping disruptions as far away as East Asia.
“Carriers moving cargo between Europe and Asia have rerouted container vessels around Africa to avoid Houthi attacks in the Red Sea, adding up to 6,500 kilometres and 10 days to a typical journey. As a result, more cargo is being unloaded at major transshipment hubs like Shanghai to be reloaded onto smaller vessels, causing congestion elsewhere, notably in Sri Lanka and Malaysia,” the report said.
Moreover, in September, Typhoons Bebinca and Pulasan halted terminal operations and forced containerships to wait at anchorages in Shanghai and Singapore. These storms contributed to making Southeast Asia and the China Sea among the biggest sources of supply chain stress in the six months from March to September 2024, the report added.
Cargo volume at 12 Major Ports rises 5% to 413.74 MMT in Sep
NEW DELHI : Cargo volume handled by 12 Major Ports rose by 5.03 per cent to 413.747 million metric tonnes (MMT) in September, the Ministry of Ports, Shipping and Waterways said recently.
In its monthly summary for September 2024, the Ministry said the 20th Maritime States Development Council (MSDC) meeting held last month, discussed the implementation of a State Ranking Framework and a Port Ranking System to foster healthy
competition and drive performance improvem
maritime sector
During the meeting, more than 100 issues from various states were deliberated & successfully resolved. According to the Ministry, several new and emerging challenges were also addressed, including the establishment of Places of Refuge (PoR) for ships in distress and the
infrastructure at ports to enhance security.
It said the transportation of cargo on National Waterways has reached 56.57 MMT for the April-August 2024 period, registering 4 54 per cent growth over the same period a year ago.
The Ministry said that 3,39,768.74 MT of cargo moved on the IndoBangladesh Protocol route using Inland Water Transit & Trade Routes and National Waterways-1.
Odisha : National Waterways 5 to connect Talcher with Paradip and Dhamra Ports
BHUBANESWAR : In a major boost for Inland Waterways, Talcher will be connected with major ports including Paradip and Dhamra in Odisha TheOdisha government is working with the Inland Waterways Authority of India (IWAI) in this regard Commerce and Transport Department Secretary UshaPadhee recently informed that Inland Waterways are efficient means of transportation as there is less pollution and transportation can be done in a sustainable way
The master plan is being prepared by IIT Madras and IWAI and the Odisha government will subsequently finalise it. Sources said the National
Waterway 5 (NW-5) is one of six national waterways in India, and it covers the state of Odisha and a part of West Bengal. It runs a total length of 623 km, of which 91 km is within West Bengal and the remaining 532 km is in Odisha. As per the plan, the connectivity will be made from Talcher to Dharma via Mangaljodi in the first phase. Later, there is a target to connect from Dhamra to Haldia.
Odisha boasts a coastline of 480 km and an action plan is being made for maritime-oriented and port-based inland waterways as part of a vision document to boost growth in the state, said Padhee.
It is pertinent to mention here that
coastal and inland waterways are important not only for Odisha but for the country as well. Odisha is going to be a steel hub and it is likely to produce 100 million tonnes by 2030 as there are adequate raw materials. Hence, there is a need to transport raw materials to plants. The easy path is inland or coastal waterways In several countries, there are dedicated freight corridors.
In Odisha, there is a huge potential as there is 480 km of sea coast and there are three major ports which are handling cargo. To connect these ports, we have potential and there is a feasibility to connect Talcher and other parts.
DPIIT : PM GatiShakti Eastern Zone District Level Workshop held
Department for Promotion of Industry and Internal Trade (DPIIT) organized the fourth PM GatiShakti Eastern Zone District Level Capacity Building workshop in Patna. More than 100 officials from Central Ministries, State Governments and District Administration covering 44 districts from Bihar, Odisha, Jharkhand, Uttar Pradesh, Uttarakhand& West Bengal participated in the Workshop. The event was inaugurated b y M i n i s t e r o f I n d u s t r i e s & Tourism, Government of Bihar, Shri Nitish Mishra. Joint Secretary, DPIIT, Shri E. Srinivas, Secretary, D e p a r t m e n t o f I n d u s t r i e s ,
G
B
h a r , Smt. Bandana Preyashi and other dignitaries also attended the event.
ShriNitish Mishra emphasized that all the stakeholders should collectively work together to achieve the Viksit Bharat vision of 2047 He urged officers from various State Departments and Districts to leverage the PM GatiShakti National Master Plan for project planning and data-driven decision making, emphasizing that this approach will help attract investments.
Shri E. Srinivas highlighted that the PM GatiShakti National Master Plan has become the cornerstone of
the nation’s growth, perfectly aligned with the Viksit Bharat 2047 vision Marking three years since its launch by the Prime Minister on 13th October 2021, he shared that Network Planning Group (NPG) has evaluated 213 projects; 17 projects - 8 from MoRTH, 7 from MoR, 1 from NICDC, & 1 from MoCA - will either be located in Bihar or pass through the state.
A d d i t i o n a l l y, t h e " I n t e g r a t e d Manufacturing Cluster (IMC) at Gaya" under the Amritsar Kolkata Industrial Corridor (AKIC) Project has been evaluated, which is expected to significantly contribute to Gaya's development.
Piyush Goyal addresses challenges faced by Pharmaceutical exporters
NEW DELHI : In a significant m o v e t o b o l s t e r I n d i a ’ s pharmaceutical exports, Union Commerce and Industry Minister ShriPiyushGoyal convened a crucial meeting on Wednesday with key s t a k e h o l d e r s f r o m t h e pharmaceutical sector, including Mehul Shah, General Secretary of the I n d i a n D r u g M a n u f a c t u r e r s Association (IDMA).
T h e d i s c u s s i o n s a i m e d a t addressing the pressing challenges faced by pharmaceutical exporters, ensuring that India maintains its prominent position in the global market.
The meeting, attended by various industry representatives, focused on identifying the key hurdles that pharmaceutical exporters encounter With India being one of the largest
suppliers of generic drugs worldwide, accounting for a substantial share of the global market, it is imperative for the sector to overcome these challenges to sustain growth and competitiveness.
The Minister’s office emphasized that the discussions were centered around exploring practical solutions that could enhance the industry’s performance on a global scale.
UK overtakes China as 4th largest export market for Indian goods, Singapore comes close
N E W D E L H I : T h e U n i t e d
Kingdom pipped China as the fourthlargest market for Indian goods in the first six months of the fiscal for the first time since 2016, according to a data released on October 16 Singapore is closing the gap with China, the data showed.
In 2023-24, India’s exports to the UK were 29 percent lower than that of its neighbour, while goods outflow to Singapore was 16 percent lower. Exports to Singapore are now just 6 percent lower than China’s, whereas the shipments surged 5.8 percent for the UK.
In 2021-22, India’s exports to China
were almost double that of exports to Singapore and the UK. In the first six months of fiscal 2024-25, India’s exports were 9 4 percent lower compared with the year-ago period. On the other hand, exports to the UK were 12 2 percent higher year-on-year Singapore recorded a 2.2 percent growth in exports.
What’s shipping?
Smartphones, drugs, and various pharma products made up most of the exports bound for the UK. In the first four months of the fiscal (April-July), India’s smartphone exports to the UK were 40 percent of the country’s total smartphone exports in 2023-24.
M e
a 40 percent share of the 2023-24 exports pie, while turbojet engine exports were almost half. Petroleum products made up 75 percent of the year’s exports to the UK.
Electronic goods shipments were 21.4 percent higher in the first six months of 2024-25, and drugs and pharmaceutical exports were up 9.5 percent.
However, China’s decline came from a 28 percent slump in iron ore exports as the economy slowed d o w n I r o n o r e e x p o r
m India were 27 percent lower in April-September 2024.
DGFT eases policy conditions on Cough Syrup Exports to few countries
NEW DELHI : The Directorate General of Foreign Trade ( DGFT ) has eased export policy conditions on the export of cough syrups to select countries, including the USA, UK, Canada, the European Union, Japan, Australia, Singapore, the R e p u b l i c o f K o r e a , a n d Switzerland. The announcement, m a d e t h r o u g h a n o t i f i c a t i o n dated October 1, 2024, significantly relaxes the mandatory testing requirements that were previously in place for cough syrup exports.
Key Changes in the Cough Syrup Export Policy : Previously, all cough syrup exports under HSN 3004 required mandatory testing of export samples in designated laboratories within India. The export of cough syrup was subject to the issuance of a Certificate of Analysis (CoA) by authorised laboratories such as the Indian Pharmacopoeia Commission in Ghaziabad, CDL Kolkata, CDTL Chennai, CDTL Mumbai, CDTL Hyderabad, and others. However, the revised policy now
mandatory testing requirement if the products are being exported to the aforementioned countries This exemption applies if the cough syrup is manufactured in facilities approved by the regulatory agencies of these countries The DGFT’s notification recognizes the stringent regulatory a p p r o v a l s p r o v i d e d b y t h e s e international bodies, allowing Indian manufacturers to bypass additional domestic testing for exports to these specific markets.
Overall demand for Indian warehousing space
estimated to hit 1.2 billion sq. ft by 2027:
N E W D E L H I : T h e I n d i a n warehousing sector is set for a significant expansion, with demand projected to reach 1.2 billion sq. ft by 2027, according to the report “Future of Logistics: Warehousing Market –India” by JLL India and Miebach Consulting, India.
This growth will encompass Grade A, B, and C warehouses across all Indian cities, reflecting the evolving supply chain requirements.
The surge in demand is not limited to increased space but also signals a qualitative shift. High-quality Grade A warehouses are expected to see substantial growth, with projected to expand from 290 million sq. ft in 2023 to 400 million sq. ft by 2027.
E - c o m m e r c e , T h i r d - Pa r t y Logistics (3PL), and omni-channel retail are driving this trend, p a r t i c u l a r l y f o r s u p e r i o r infrastructure The warehousing landscape is also undergoing a
geographic transformation, with growth moving beyond Tier I cities.
The report shows a 41 per cent rise in absorption of warehouse space in Tier II and III cities between 2022 and 2023.
Sanjay Bajaj, Senior Managing Director of Logistics & Industrial, India, JLL said, “As the industry adapts to these changes, it’s also embracing Environmental, Social and Governance (ESG) compliance and the National Logistics Policy’s aim to reduce logistics costs to 10 per cent of GDP , setting the stage for a more efficient, sustainable, and t e c h n o l o g i c a l l y a d v a n c e d warehousing landscape in India”.
Urban fulfillment needs are another key trend, with an estimated 35 million sq ft of space required across India by 2027 to support lastmile delivery solutions.
This development aligns with India’s National Logistics Policy,
JLL
which aims to reduce logistics costs to 10 per cent of GDP , setting the stage for a more efficient and advanced warehousing landscape.
Shubhendu Kumar, Director, Miebach Consulting, India, said, “While warehousing has historically been a fragmented industry, the increasing need for superior infrastructure and larger space parcels is driving significant institutional participation in the sector
He added, “This shift marks a new era in warehousing, one that’s critical to the future of logistics and integral to business success in India’s rapidly evolving economy.”
Automation is playing a pivotal role in this transformation, with India expected to become one of the top six users of warehouse automation systems globally by 2026. The market is forecasted to reach USD 2 billion annually, driven by the need for increased efficiency.
India set to become 3rd largest Global Economy by 2030 : S&P Global
NEW DELHI : India is on track to become the world’s third-largest economy by 2030, but its rising p o p u l a t i o n p o s e s s i g n i f i c a n t challenges in ensuring basic services and meeting growing investment demands, according to a report by S&P Global Ratings released on Thursday.
The report highlights India’s ambitious economic goals, with the country aiming to expand its economy to $30 trillion by 2047, up from its current size of $3.6 trillion. India is currently the fifth-largest economy globally
“India is set to be the fastestgrowing major economy over the next three years, and will rank third globally by 2030,” S&P said The report also pointed to India’s upcoming entry into JP Morgan’s Government Emerging Market Bond
Index in 2024, which could unlock substantial government funding and resources in domestic capital markets. However, investors will be seeking improvements in market access and settlement processes, it added.
The report, titled Look Forward Emerging Markets: A Decisive Decade, forecasts a pivotal role for emerging markets, projecting an average GDP growth of 4.06 per cent for these economies through 2035, compared to just 1.59 per cent for advanced economies. By 2035, emerging markets are expected to drive 65 per cent of global economic growth, with Asia-Pacific countries — India, China, Vietnam, and the Philippines — leading the way
S&P also noted that by 2035, India will solidify its position as the thirdlargest economy, with Indonesia and
Brazil ranking eighth and ninth, respectively
The report stated that while India has made strides in boosting capital expenditure to improve its fiscal flexibility, it will face mounting c h a l l e n g e s a s i t s p o p u l a t i o n continues to grow India is projected to have the world’s largest population by 2035, straining its ability to cover b a s i c s e r v i c e s a n d s u s t a i n productivity levels.
As emerging markets chart their economic future, S&P stressed the importance of governments adopting and executing long-term growth strategies. “Setting ambitious growth targets provides a clear roadmap for progress, signaling that policymakers are preparing for the future by addressing vulnerabilities and mobilizing capital,” the report concluded.
Maritime industry suffers from increasing trade imbalances
C O P E N H A G E N : S e aIntelligence has reported imbalances and back-haul utilisation post-Covid in its most recent study
Prior to COVID-19, back-haul vessel utilisation was around 50 per cent but has subsequently declined, dropping below 40 per cent in August 2024 for the first time.
The firm calculated back-haul utilisation by assuming that all headhaul vessels are 100 per cent filled, which implies that the amount of back-haul cargo, as a ratio to the head-haul cargo, equals the back-haul utilisation.
Alan Murphy, CEO of SeaIntelligence, said: “If we also factor in the distance travelled by the
container vessels, measured as TEU*Miles, we see back-haul utilisation drop below 40 per cent for three consecutive months, with a record-low number of 36.6 per cent in August 2024.
“It is therefore very clear that the trade imbalances, from a global perspective, have worsened sharply since before the pandemic. This is especially true for the five largest deep-sea trades in terms of volumes shipped, which have all seen a significant worsening in trade imbalance, compared to the situation pre-pandemic.”
According to the analysis, this means that either head-haul trades will increasingly have to “pay” more
for the repositioning of empty containers, as there are fewer backhaul containers “paying their own way,” or back-haul shippers will have to pay higher freight rates, as there a r e f e w e r p a y i n g b a c k - h a u l containers as a share of vessel space.
Sea-Intelligence noted that whether a carrier attempts to shift this additional cost imbalance to the head-haul or the back-haul is determined by their strategy for serving either market.
In July, Russell Group, a data and analytics company, reported that $131 billion in trade is at risk of being disrupted at the Ports of Singapore, Port Klang and TanjungPelepas.
IWT offers robust growth opportunities via PPPs
NEW DELHI : The Indian Inland Waterways Transport (IWT) sector presents significant opportunities for growth through public-private partnerships (PPPs), and the government is eyeing expansion of the PPP model to drive development, according to a recent report.
The focus on expanding PPPs and offering financial incentives, such as discounts up to 35 per cent on freight transported via key National Waterways (NW), aims to further attract private sector participation, according to the report by Crisil Market Intelligence and Analytics.
A subsidy scheme is being formulated for NW-1, NW-2 and NW-16, which traverse key states such as Uttar Pradesh, Bihar, Jharkhand, West Bengal and Assam, to promote the use of inland waterways for freight transport, the report mentioned.
Since the government’s strategic
s
operational waterways has increased from just three in fiscal 2014 to 26 by fiscal 2024, driven by substantial budgetary support and key initiatives like the JalMargVikas Project.
Launched in 2018 with a financial outlay of Rs 5,369.18 crore, the project aims to enhance the capacity of National Waterway 1 (NW), spanning 1,390 km along the Ganga-BhagirathiHooghly river system.
“India’s inland waterways are witnessing significant revitalization driven by targeted investments and policy reforms. The cost advantage is clearly benefiting this mode of transportation, transporting 1 tonne o f f r e i g h t b y w a t
w
y s i s approximately Rs 1.06 per km, notably less than Rs 1.36 per km by rail and Rs 2.50 per km by road,” the report argued.
The resurgence in the sector has
resulted in a marked increase in cargo volumes, surging from 18.1 million tonnes in fiscal 2014 to 132.9 million tonnes in fiscal 2024, with the government setting ambitious targets of 200 million tonnes by fiscal 2030&500milliontonnesbyfiscal2047
Digital innovations have played a key role in improving efficiency in the IWT sector Platforms such as the IWAI Vessel Tracker, PANI Portal and Car-D Portal provide real-time navigation information, updates on cargo tracking, & efficient management of cargo and passenger data.
Water transport also produces lower emissions, less noise and consumes less energy, making it an environmentally-friendly alternative to the traditional road and rail transport. Waterways are suitable for moving bulk commodities such as coal, iron ore, iron ore fines, sand and minerals.
PSA Celebrates Groundbreaking for its New Supply Chain Hub, Pioneering an Integrated Logistics Ecosystem in Singapore
SINGAPORE: PSA Singapore (PSA) has unveiled the PSA Supply Chain Hub @ Tuas (PSCH), a central part of its strategic expansion within Tuas Port, at its groundbreaking ceremony. This state-of-the-art facility, scheduled to be ready by 2027, is poised to transform the logistics and supply chain landscape in Singapore.
Strategically situated next to Tuas Port within the Free Trade Zone, the PSCH will be seamlessly integrated with Singapore’s extensive supply chain ecosystem, offering unparalleled connectivity and scale as a Regional Distribution Centre and a Container Freight Station. Its comprehensive suite of value-added services and the supply chain synergies it creates will further strengthen Singapore’s position as a global logistics and supply chain powerhouse.
Spanning more than two million square feet, PSCH will be equipped with cutting-edge technologies such as advanced robotics and automation systems, including the Automated Storage and Retrieval Systems (ASRS) and the Intelligent Warehouse eXchange (iWX) (see Annex A for more details of these technologies). These innovations are designed to meet the evolving needs of modern supply chains, providing customers with enhanced visibility, streamlined processes and the agility needed to adapt to an ever-changing global market.
The hub also embodies PSA’s steadfast commitment to sustainability, incorporating eco-friendly features such as renewable energy sources, sustainable drainage systems and energy-efficient designs. These measures are aligned with PSA’s broader goal of achieving net-zero emissions, further advancing and supporting Singapore’s smooth transition into a green and sustainable future.
M r P e t e r V o s e r, G r o u p C h a i r m a n o f PSA International, said, “The PSA Supply Chain Hub @ Tuas (PSCH) is strategically positioned to create
exceptional synergy with Tuas Port and it will be instrumental in enhancing value capture within the port and supply chain ecosystem. This new hub is well-positioned to support not only Singapore’s trade and logistics sector, but also the wider Southeast Asia region and beyond. PSCH will be Singapore’s gateway to the world. Along with PSA’s expanding suite of port adjacencies solutions, we are making significant progress towards realising our vision of building a more connected and sustainable end-to-end supply chain ecosystem.”
Mr Ong Kim Pong, Group CEO of PSA International, said, “Rapidly evolving global trade patterns require us to rethink our business strategy and model. While we continue to secure our positions in key locations, we also need to connect our strategic nodes to form a cohesive and integrated network, in alignment with our Node to Network strategy With the PSA Supply Chain Hub @ Tuas on board, our collective strength and synergy will enable PSA to harness the full potential of our combined port and wider logistics network to deliver unmatched efficiency and reliability in service routes and networks. PSA will continue to expand our fabric of port networks and supply chain services in a sustainable way, adding value and enhancing cargo flows Our deepest appreciation goes out to our unions, stakeholders and partners, whose unwavering support has been instrumental in making this vision a reality.”
T
PSA’s extensive experience in port adjacencies ecosystem, including the management of PSA Keppel Distripark - a multi-tenanted cargo distribution complex specialising in the consolidation and deconsolidation of Less than Container Load cargo.
Together with the city terminals at Tanjong Pagar, Keppel and Brani, operations at Keppel Distripark will also be consolidated at Tuas Port by 2027.
Allcargo Gati expands its reach in Meerut, Securing Leadership in the Sports Supply Market
MEERUT: Allcargo Gati Limited (formerly Gati Limited), one of India’s premier Express Distribution and Supply Chain Management company, continues to strengthen its market presence in Meerut's flourishing sports goods cluster Allcargo Gati has been successfully serving this market for over 20 years We specialize in the transportation of these high-demand s p o r t s i t e m s l i k e t a b l e t e n n i s equipment, badminton gear, bats, and balls.
The cluster services key regions with 45% of its shipments directed to the South, 20% to the East, 20% to the West, and 15% to the North. Allcargo Gati is providing services to more than 80 customers, contributing significantly to the growth and visibility of the cluster. The key markets serviced by Allcargo Gati include retail hubs in Surajkund, Sports Complex, Partapur Industrial Area, and Victoria Park, where large retailers and wholesalers drive direct sales of these popular sports items.
technological solutions we streamline operations, optimize supply chains, and enhance delivery speeds, ensuring that the Meerut’s MSME can meet the growing demands and stay ahead of industry trends.”
Uday Sharma, Chief Commercial Ofcer, Allcargo Gati Limited stated, “The Meerut cluster, comprising of both MSMEs and household units, has seen a significant growth over the past few years. However, challenges like fluctuating demand, and logistical c o m p l e x i t i e
to put pressure on the industry’s supply chain Our long-standing experience with extensive transportation in this region has allowed us to refine logistics processes, ensuring timely deliveries despite these obstacles.”
Ketan Kulkarni, Deputy Managing Director, Gati Express and Supply Chain Pvt. Limited (GESCPL) commented, “The Meerut sports goods cluster contributes roughly 25% of India's total sports goods exports. Over the past 20 years, the cluster's remarkable growth in producing high-quality sports equipment highlights the resilience and innovation of Meerut’s manufacturers. At Allcargo Gati,
Allcargo Gati remains committed to empowering Meerut’s sports goods manufacturers by leveraging its robust transportation network, providing them with the reliability and scalability required to reach customers across India. By prioritizing sustainability with Alternate Fuel Vehicles (AFVs) solutions, we ensure timely and efficient deliveries while reducing our environmental impact. Allcargo Gati enables these businesses to maintain a competitive edge while supporting their growth and the broader development of Meerut’s MSME sector
