Vol. XXVI No. 49 nd
FRIDAY 22 MAY 2020
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DCSA takes on eBill of 50,000 TEUs in 50 days of lockdown Lading standardisation, calls for collaboration COCHIN: Global l o g i s t i c s c o m p a n y, D P Wo r l d o p e r a t e d International Container Tr a n s s h i p m e n t Te r m i n a l ( I C T T ) a t Cochin successfully handled over 50,000 TEUs along with 53 vessels during the 50 days of lockdown period. Cont’d. Back Pg.
Research shows paper bill processing costs three mes as much as eBL processing AMSTERDAM: In an effort to fully understand the benefit of digitising the BL, DCSA carried out a financial modelling exercise to quantify the potential cost savings for switching from paper BL to eBL. The complexity inherent in using BL means the actual process cost for a single BL can vary widely. Nonetheless, our research derived a comparison that indicates the total cost of processing paper bills is almost three times that of eBLs. Cont’d. Pg. 14
Exporters gradually getting order enquiries from US, Europe NEW DELHI: With exporters starting operating their manufacturing units with limited workforce, they are gradually getting enquiries from various countries such as the US, France, and Spain for products such as apparel, leather and engineering, amid lockdown on account of the COVID-19 pandemic. Federation of Indian Export Organisations (FIEO) President Shard Kumar Saraf said the order situation is getting better but it will still take at least six more months for the sector to get back on track. “Factories have started but we are facing the problems of workers. We are getting enquiries from the US and European economies,” he said. FIEO Director General Ajay Sahai said the situation is better as buyers from the US and Europe have started talking to domestic companies. “We are expecting that the exports will be in
negative zone for some more months. In May, it could contract by about 30-40 per cent. We are expecting that from October, we can register some positive growth in exports,” Sahai said. S h a r i n g s i m i l a r v i e w s , Lu d h i a n a - b a s e d e x p o r t e r S C Ralhan said engineering exporters are getting enquiries from countries like France, UK, Spain and the US. Apparel Export Promotion Council of India (AEPC) Chairman A Sakthivel said “Europe is getting better than the US in terms of enquiries for the sector. We are getting more orders from online Cont’d. Pg. 15 stores as compared to brick-and-mortar shops”.
NEW CUSTOM EXCHANGE RATE W.E.F. 22nd May, 2020
..See Pg. 10
There will be No Issue of Daily Shipping Times on Monday, 25th May, 2020 on account of Ramzan Eid.