











• Transworld Group Dubai joins the liquid bulk trade with two Long Range1 tankers.
• The tankers, TTC Vidyut and TTC Shak , currently trading in clean products will be deployed in worldwide trades.
MUMBAI/DUBAI: Transworld Group Dubai taking a bold step to diversify its fleet from its traditional container ship business and subsequent participation in the dry bulk segment has now ventured into the liquid bulksegmentwithpurchaseof2vesselsof74kDWTflyingthePanamaflag.
The purchase of two LR1 tankers, named TTC Vidyut and TTC Shakti, marks a new era in the 46 year history of the Group. The tankers which are trading in clean petroleum products will be employed onworldwidetrades. Cont’d. Pg. 6
• Girish Aggarwal new Managing Director - Gujarat Pipavav Port Ltd.
• Sunay Mukerjee new Chief Operating Officer in APM Terminals Mumbai
THE HAGUE: Following successful three years as COO of Gateway Terminals India Pvt. Ltd (APM Terminals Mumbai), Mr. Girish Aggarwal will become Managing Director for Gujarat Pipavav PortLtd.(APMTerminalsPipavav)effective1stJanuary2023. Cont’d. Pg. 19
Cont’d. from Pg. 3
The current strategy of the company is to focus East of Suez so the vessels willfixtheirinitialvoyagesintheEast,howeverlong-haul moves to the West will be targeted basis market requirements.
Long Range (LR) class ships are the most common in the global tanker fleet, as they are used to carry both refined products and crude oil. These ships can access most large ports that ship crude oil and petroleum products. An LR1 tanker, meaning a Long Range tanker of about Panamax size, is capable of loading 55,000 mt of naphthaor60,000-65,000mtofdistillates.
Mr. Ramesh Ramakrishnan, Chairman of the Transworld Group speaking on the occasion said “The acquisition of 2 Tanker Vessels is a testimony of our faith in the markets, our people, and our ability to grow and foray into new frontiers in the Shipping &
The Group has decided to appoint the Navig8 Pool to manage the chartering activities for TTC Vidyut and TTC Shakti and vessels will be entered in the LR8 Pool which operates14tankers.ThismakesNavig8oneoftheleading PoolsforLRtankersintoday’smarket.
The vessels will be employed with a mixture of the largeTradingHousesandOilMajors.
The Transworld Group also owns a fleet of 25 vessels in the container and dry bulk segment under the Orient ExpressLines(OEL)andShreyasShippingLimited(SSL) brands. The company’s handy size bulk carriers operate undertheTransworldBulkCarriers(TBC)brand.
Established in 1977 and headquartered in UAE, today Transworld Group’s activities go far beyond those in container feeders, dry bulk and liquid bulk with 40 offices around the globe being involved in all kinds of maritime andlogisticsservices.
NEW DELHI: Indian exporters, who have suffered setbacks from Covid and Ukraine war led supply chain disruptions, are excited at the prospects of sending their consignmentsonMade-in-Indiacontainershipsbynextyear.
The Country is expected to build some 47 container ships by the year 2030, with the Central Government approving $20.13 million under the Shipbuilding Financial Assistance Policy (SBFA). The policy, introduced in 2015, has seen as many as 21 shipyards, including big names like L&T Shipbuilding Ltd, Cochin Shipyard Ltd, Goa Shipyard LtdandTitagarhShipyardLtd,signingupforthescheme.
The financial assistance under SBFA is for Indian shipyards for shipbuilding contracts: signed between April 1,2016andMarch31,2026.
Thoughtheshipyardsweregivenathree-yeardeadline post-approval to come up with the vessels, the pandemic and the war have come in the way. Now the expectation is that the first Indian- made commercial vessel would set sailin2023.
“India is gearing up for adding Indian-Made Container. The Central Government has already sanctioned $20 million for this…During the pandemic, Indian traders faced issues with regard to availability of container ships as well as containers. Since then, there has been a demand
for manufacturing them domestically,” said K. Unnikrishnan, Joint Director General, Federation of IndianExportOrganisations.
Indian companies are also in the process of increasing production of containers. As per reports, the Government is planning a production- linked incentive scheme for containermanufacturing.
Bhavnagar in Gujarat may become a manufacturing hub for containers, with APPL Containers there receiving orders to supply 10,000 shipping containers in a year to the Container Corporation of India. Concor will also be procuring 6,000 containers from BEML and Braithwaite & CoLtdbytheendof2023.
Jindal Steel is in process of setting up container manufacturing facilities. SAIL and a few other major steel producers have already started manufacturing specialty steelrequiredforcontainerproduction.Importofthissteel fromChinahasbeenamajorconcern.
“As per estimates, the logistics sector uses around 12 lakhs containers and there is a requirement of 50,000 new containers in the next three years. India is dependent on China for 90 percent of its container needs, Once manufacturing picks up, some portion of the demand wouldbemetbytheseproducers,”saidUnnikrishnan.
NEW DELHI: After Russia, India is in talks with the UAE and Saudi Arabia to allow settlement of trade in the Indian rupee, according to sources. The Reserve Bank of India and the Finance Ministry are working on the frameworktopermittradeintheIndiancurrency.
“The UAE is a big market for India, so obviously the traders in the Country will benefit from this move. Similarly, Saudi Arabia is a significant trading partner of India. However, the problem lies in the fact that we are a net importer from both these countries, so the excess rupee management can be an issue,” a top Government source said. According to the Commerce Ministry data, India’s exports to the UAE and Saudi Arabia recorded a dropinOctober2022.
“Rupee trade settlement should be independent of currency fluctuation vis-a-vis the dollar and it is good to internationalise the rupee. The RBI and finance ministry areworkingonitsframework,”theofficialfurtherstated.
Vostro account maintains holdings of the foreign entity in Indian banks in rupee. So, traders whether importers or exporters can receive or make payments through this account. Meanwhile, as per international news agencies, RBI has given its approval to HDFC Bank and Canara Bank to open special Vostro accounts for trade settlement inIndiancurrencywithRussia.
The other three banks which got approval to open Vostro accounts are UCO Bank, Union Bank and IndusInd Bank. Besides this, two Russian banks have the central bank’s permission, which is Sber Bank and VTB. Both these banks have branches in India. These two Russian banks are the first foreign lenders to have RBI’s approval to open special Vostro accounts to trade in rupees.
The RBI in July this year announced to allow trade settlements between India and other countries in rupee. It issued the notification on July 11, which said, “In order to promote the growth of global trade with emphasis on
exportsfromIndiaandtosupporttheincreasinginterestof the global trading community in INR, it has decided to put in place an additional arrangement for invoicing, payment, andsettlementofexports/importsinINR.”
CJ-I MV Aggelos B Rishi Shpg. 25/11
CJ-II VACANT
CJ-III MV Ocean Bridge J M Baxi 26/11
CJ-IV MV Dubai Sun Interocean 25/11
CJ-V MV Anna Elisabeth BS Shpg. 28/11
CJ-VI VACANT
CJ-VII MV Smew Benline 26/11
CJ-VIII MV Esperance Ray Benline 26/11
CJ-IX VACANT
CJ-X MV Arch Sealtiel Dariya Shpg. 26/11
CJ-XI MV Safeen Prism ULSSL 25/11
CJ-XII MV TCI Express 021 TCI Seaways 25/11
CJ-XIII MV Jag Radha Mihir & Co. 26/11
CJ-XIV VACANT
CJ-XV MV Golden Zhejiang Aditya Marine 25/11
CJ-XVA MV Imperial Eagle Arnav Shpg. 27/11
CJ-XVI MV African Hornbill Cross Trade 26/11
Tuna Tekra Steamer's Name Agent's Name ETD MV Chakravati
Oil Jetty Steamer's Name Agent's Name ETD
OJ-I LPG/C Sakura Spirit Inchcape Shpg. 25/11
OJ-II MT Snow Ploeg Samudra 25/11
OJ-III MT Asia Liberty J M Baxi 25/11
OJ-IV MT Maersk Barry Interocean 25/11
OJ-V LPG/C Gas Utopia Interocean 25/11
OJ-VI MT Maersk Adriatic ISS Shpg. 25/11
Stream MV Appaloosa Interocean Sudan 29,090 T. Sugar Bags 2022091338
Stream MV Clipper Barola Chowgule Bros. Vietnam 41,000 T. Sugar In Bulk
Stream MV Dawai BS Shpg. Chennai 10,000 T. Silica Sand In Bulk 2022101335
Stream MV Dioni Cross Trade 57,000 T. Salt In Bulk CJ-IV MV Dubai Sun Interocean Conakry 42,800 T. Rice Bags 2022101308
Stream MV Elisar Ocean Harmony Durban 31,750 T. Sugar Bags CJ-XV MV Golden Zhejiang Aditya Marine Chilaw 57 Nos. Wind Mill Blade 20221111054
Stream MV Haseen Aqua Shpg. 45,000 T. Sugar In Bulk CJ-XIII MV Jag Radha Mihir & Co. 55,000 T. Salt In Bulk
Stream MV Kapetan Sideris Chowgule Bros. Vietnam 54,000 T. Salt 2022111280 27/11 MV Kosman Arnav Shpg. West Africa 24,500 T. Rice In Bags
OJ-VI MT Maersk Adriatic ISS Shpg. 1,500 T. VLSFO 26/11 MV Meghna Rose BS Shpg. Bangladesh 55,000 T. Sugar Bulk
Stream MV My Lama Interocean Sudan 25,000 T. Sugar Bags 2022111127
Stream MV Obe Heart Interocean 25,000 T. Sugar Bags 26/11 MT Oriental HibiscusAllied Shpg. 4,500 T. C. Oil 2022111156
Stream MV Pegasus 01 DBC 8,000 T. Sugar Bags 25/11 MV PVT Sapphire Cross Trade 55,000 T. Salt
Stream MV Safeen AL Amal Interocean Sudan 33,000 T. Sugar Bags 2022111040
Stream MV Sea Champion Aditya Marine West Africa 30,460 T. Rice Bags
Stream MV Stentor Interocean 27,450 T. Sugar In Bags 2022111187
Stream MV Suvari Kaptan DBC Somalia 9,500 T. Sugar Bags 2022111148
CJ-I MV Aggelos B Rishi Shpg. 36,306 T. CBM Logs 27/11 MV Amarnath Aditya Marine Vishakhapattnum 31,300 T. Iron Ore 2022111272 25/11 MV Anthos Dariya Shpg. Russia 69,690 T. Coal CJ-X MV Arch Sealtiel Dariya Shpg. Indonesia 35,120 T. Coal In Bulk 30/11 MV Armonia J M Baxi 53,360 T. Petcoke In Bulk 2022111195
Stream MV Championship Tauras 1,03,788 T. Coal Stream MV Dato Success J M Baxi China 14,375/977 T.HR Coils/Pipes 2022110066
CJ-VIII MV Esperance Ray Benline UK 23,952 T. Steel Scrap
Stream MV Fan Zhou 6 Mystic Shpg. 343 (90/251/2 Blades/Access./SOC)
CJ-XVA MV Imperial Eagle Arnav Shpg. 36,744/5,250 T. HMS/SH Scrap 2022111112
Stream MV Infinity Mitsutor 3,719 T. HR Coils 28/11 MV Jimmy T Tauras 14,388 T. MOP Stream MV Katori DBC Dakar 23,170 T. P. Cargo 24/11 MV Khalejia Ana 5 Scorpio Shpg. 69,200 T, GYPSUM In Bulk CJ-III MV Ocean Bridge J M Baxi China 153/5,170 T. Equip/Steel Cargo 27/11 MV Sea Prajna Benline 21,057/10,442 T. HMS/Sh Scrap 2022111263
Stream MV Sheng Xing Hai Ambica Log. Indonesia 56,900 T. INDO Coal CJ-VII MV Smew Benline 31,497 T. S. Scrap
Stream MV True Confidence Seascape 27,079 T. Met Coke 2022111125
Stream MV Venture Grace Cross Trade 43,200 T. MOP Stream MV VGS Dream United Safeway 7,250 T. Lime Stone 2022101371
24th NOVEMBER 2022 9 GUJARAT + NORTH INDIA
WB-03 VACANT 21/11 Cape Kortia (V-246A) MSC Agency Bin Qasim 22/11 MSC Anusha III (V-246R) MSC Agency Mombasa 22/11 SCI Mumbai (V-552) J M Baxi Tuticorin
VACANT ADANI INTERNATIONAL CONTAINER TERMINAL (AICT)
MV Grace Houston 17-11-2022 B-12 MV Adam Asnyk Samsara Shpg. 22-Nov WEST BASSIN WB-01 VACANT WB-02 VACANT ADANI MUNDRA CONTAINER TERMINAL (AMCT) ETA VESSEL’S NAME AGENT FROM VESSELS AT BERTH BERTH VESSEL’S NAME AGENT ETD SB-6 MSC Gaia (V-246A) MSC Agency 22/11 SB-7 SB-8 SB-9 Conti Chivalry (V-243A) MSC Agency 22/11 25/11 MSC Susana (V-246A) MSC Agency Nhava Sheva 29/11 MSC CaledoniaII (V-247B) MSC Agency Bin Qasim 30/11 SM Neyyar (V-0042) Samsara Shpg. Karachi
AT SPM ETA VESSEL’S NAME AGENT FROM SHIPS SAILED WITH EXPORT CARGO VESSEL NAME NEXTPORT SAILING DATE CMA CGM Orfeo (V-2145) New York 16-12-2022 CMA CGM Cendrillon (V-W1MA) Tangler 19-12-2022 Maersk Cabo Verde (V-240E-246W) Tema 21-12-2022
MT Acrux Adimiral ETA VESSEL’S NAME AGENT FROM
KMTC Delhi (V-2206E) Port Kelang 20-11-2022 Kota Nilam (V-183W) Jebel Ali 20-11-2022 Dalian Express (V-2244W) Barcelona 20-11-2022 Irenes Resolve (V-2245W) Colombo 21-11-2022
20-11-2022 In Port Osaka (V-907W) Transworld Khalifa 22/11 Northern Guard (V-898E) Transworld Karachi 23/11 Ever Ulysses (V-147E) Emirates Shipping Nhava Sheva In Port RDO Concord (V-03W) Hapag Lloyd Jebel Ali 22/11 Hallsted (V-242N/246S) CMA CGM Nhava Sheva
VACANT 23/11 Kota Megah (V-0140E) KMTC India Nhava Sheva 26/11 AS Alva (V-914W) Transworld Jebel Ali 28/11 Budapest Express (V-2347W) Hapag Llyod Hazira
MV Fulvia New Orleans 16-11-2022 SHIPS SAILED WITH EXPORT CARGO VESSEL NAME NEXT PORT SAILING DATE VESSELS AT BERTH BERTH VESSEL’S NAME AGENT ETD CB-3 Kyoto Express (V-2346W) Hapag Llyod 22/11 CB-4 Osaka (V-907W) Transworld 22/11 B-5 CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
VACANT ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL), MUNDRA VESSELS AT BERTH BERTH VESSEL’S NAME AGENT ETD SB-04 RDO Concord (V-03W) Hapag Lloyd 22/11 SB-05 CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE ETA VESSEL’S NAME AGENT FROM ETA VESSEL’S NAME AGENT FROM 22/11 AS Nora (V-S1MA) CMA CGM Nhava Sheva 25/11 Koi (V-W1MA) CMA CGM Nhava Sheva
25/11 25/11-AM Maersk Kinloss 246W 22363 Maersk
Maersk India Algeciras 25/11 02/12 02/12-AM Santa Rosa 247W 22382 (MECL) 02/12 TO LOAD FOR FAR
25/11 25/11-AM OOCL Genoa 060E 22374 APL/OOCL DBC & Sons/OOCL(I) Port Kelang, Singapore, Hong Kong, Xingang, Dalian, Qingdao, 25/11 01/12 01/12-AM Aka Bhum 010E 22378 Gold Star Star Shipping Busan (Ex. Pusan), San Pedro, Kwangyang, Chiwan. (CIXA) 01/12 28/11 28/11-AM Xin Hong Kong 058 22376 COSCO COSCO Shpg. Singapor,Cai Mep,Hongkong,Shanghai,Ningbo,Schekou,Nansha (CI1) 28/11 28/11 28/11-AM Seaspan Chiba 012WE 22377 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 28/11 ONE ONE (India) (TIP)
28/11 28/11-AM Shijing 247E 22368 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 28/11 04/12 04/12-AM Grace Bridge 248E 22379 Ningbo, Tanjung Pelepas. (FM3) 04/12 29/11 29/11-AM One Commitment 057E 22373 ONE ONE (India) West Port Kelang, Singapore, Leam Chabang, Busan, Sanshan, 29/11 08/12 08/12-AM MOL Creation 086E 22385 Ningbo, Sekou, Cai Mep. (PS3) 08/12
24/11 24/11-AM Montpellier 0024 22375 X-Press Feeders Merchant Shpg. Jebel Ali, Sohar (NMG) 24/11 25/11 25/11-AM Maersk Kinloss 246W 22363 Maersk Line Maersk India Salalah, Jebel Ali, Port Qasim. 25/11 02/12 02/12-AM Santa Rosa 247W 22382 (MECL) 02/12 28/11 28/11-AM SSL Kutch 245 22383 SLS SLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 28/11 06/12 06/12-AM SCI Chennai 540 22386 SCI J. M Baxi Jebel Ali. (SMILE) 06/12 TBA SLS SLS Mangalore, Kandla, Cochin.(WCC)
25/11 25/11-AM OOCL Genoa 060E 22374 OOCL/APL OOCL(I)/DBC Sons Colombo. (CIXA) 25/11 27/11 27/11-AM Irenes Bay 247S 22367 Maersk Line Maersk India Colombo, Bin Qasim, Karachi (JADE) 27/11 28/11 28/11-AM Xin Hong Kong 058 22376 COSCO COSCO Shpg. Karachi, Colombo (CI1) 28/11 28/11 28/11-AM Seaspan Chiba 012WE 22377 X-Press Feeders Merchant Shpg. Karachi, Muhammad Bin Qasim. 28/11 ONE ONE (India) (TIP) 28/11 28/11-AM Shijing 247E 22368 SCI J. M Baxi Colombo. (FM3) 28/11
TO
25/11 25/11-AM Maersk Kinloss 246W 22363 Maersk Line Maersk Line India Newark, North Charleston, Savannah, Huston, Norfolk. 25/11 02/12 02/12-AM Santa Rosa 247W 22382 Safmarine Maersk Line India (MECL) 02/12 28/11 28/11-AM Seaspan Chiba 012WE 22377 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 28/11 ONE ONE (India) Norforlk, Charleston, Halifax. (TIP) 29/11 29/11-AM One Commitment 057E 22373 ONE ONE (India) Los Angeles, Oakland. (PS3) 29/11
SEEMA SHULK BHAVAN, JAMNAGAR - RAJKOT HIGHWAY, NEAR VICTORIA BRIDGE, JAMNAGAR - 361001 Phone No.: (0288-2772701), Fax No.: (0288-2772702), Email : commr-custjmr@nic.in DIN NO.20221171MM0000917349 Dated:18.11.2022
In exercise of the power conferred upon me under Section 8(a) of the Customs Act, 1962(52 of 1962), I, Dr. Ram Niwas, Principal Commissioner of Customs (Prev.), Jamnagar, hereby approve the places specified in Column No. 2 and 3 of the Schedule to be the landing place for unloading of imported goods and loading of export goods and also notify the area under Section 8(b) of the said Act as specified in column no. 4 of the schedule, subject to the strict observation of provisions of the Customs Act, 1962, Rules, Regulations, Circulars/Instructions issued thereunder by the Government of India from time to time.
Name of the ICD Landing Place Customs Area Limits 1 2 3 4
M/s. Navkar Survey No. 247/P1, Area admeasuring
Latitude in Degree "N" Longitude in Degree "E" Corporation Limited, 247/P1/P1, 247/P2, 95,516 sq. meters 23007.01531 70084.27080 Inland Container 251/P1, 251/P2 as per the drawing/ 23007.02259 70084.43365 Depot (ICD), and 254 of Map. 23007.01568 70084.59532 Village Vadharva, Village Vadharva, 23006.86762 70084.60682 Taluka - Maliya, Taluka - Maliya, 23006.72723 70084.59428 Dist. Morbi Dist. Morbi 23006.71295 70084.44786 23006.72134 70084.27539 23006.87480 70084.26879
North Land of Navkar Corporation Ltd. & thereafter Railway Line Directions & South Survey No. 248, 249, Bounded Area 250 & 255 East Survey No. 259 West Survey No. 238
Sd/Ram Niwas Principal Commissioner
2 EPIROMMESL201956 3 EPIROMMESL201953
Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable. If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws. Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.
For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.
Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. In case of any query kindly contact the below E-mail IDS & Phone Numbers :
IMPORT related : ravi.vaghela@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977
EXPORT related : benoy.varghese@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092
IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.
MUMBAI: Adani Ports and Special Economic Zone (APSEZ) has secured top ranking globally across emerging markets in the Transport and Logistics sector from Moody’s ESG Solutions, giving a big boost to the company’s environmental, social, and governance(ESG)credentials.
The global rating agency, in its 2022 assessment, evaluated India’s biggest private port operator, on a range of indicators, policies,
processes, and systems covering environment, human rights, corporate governance, human resources and community involvement, APSEZ said in a statement.
APSEZ has been ranked first among 59 Indian companies and 9th among 844 companies in the emerging markets globally across all sectors/ industries which reflects its standing among all the other global ESG leaders, it said. Overall, the companyscoredinthe97thpercentile among 4,885 companies assessed by
Moody’s, across all industries and sectorsworldwide.
With a vision to turn carbon neutral by 2025, APSEZ was the first Indian port and third in the world to sign up for the ScienceBased Targets Initiative (SBTi) committing to emission reduction targets to control global warming at 1.5°C above pre-industrial levels.
Moody’s ESG Solutions is a unit of Moody’s Corporation that serves the growing global demand for ESG and climateinsights.
LONDON: The limited increase in ship supply driven by the new International Maritime Organization (IMO) regulations is expected to contribute to the recovery of the shipping freight market in the medium and long term, according to S&P Global MarketIntelligence.
The analysis shows that while freight rates are expected to return to the pre-pandemic level in 2023, limited active supply growth driven by regulations(demolitionsandspeed)will likely help the market to recover from 2024onwards.
“Freight rates may return to the prepandemic level in 2023 with absence of congestion and weaker economic condition.However,limitedactivesupply growth driven by regulations, which will lead to vessel demolitions and speed reduction, may help the market to recover in 2024 onwards,” commented DaejinLee,leadshippinganalystatS&P
GlobalMarketIntelligence.
The organisation notes that the container sector is expected to face pressure from the supply side due to heavy investment in newbuildings, while fresh new contracts are limited in other sectors, including the dry bulker andtanker.
Inaddition,newbuildingcontractsin 2021 reached the highest since 2015 mainly with container vessels but remained lower than the shipbuilding boomperiodduringthe2000s.
S&PGlobalMarketIntelligencesaid that fresh contracts were limited in the current year due to high prices and limited yard capacity in top-tier yards while many owners took the options of existing contracts for much lower contractprices.
According to the analysis, gas has been a preferred choice for alternative fuel, while methanol (green fuel) started to gain attraction recently, mostly from
thecontainersector.
The Efficiency Existing Ship Index (EEXI) is a design requirement for existing ships. Many vessels will go for Engine Power Limitation (EPL), and maximum and operating speed are expectedtobereduced.
Furthermore, the Carbon Intensity Indicator (CII) regulation, which will be assessed yearly with stricter emission limits, will start to reduce sailing speed from 2024 and the impact may become significant in scrap activities from 2025 onwardswithfavorableageprofile.
The CII’s rating issue is to incentivisehigherdemurragetoreduce idling time and prevent further upside risk in congestion in coming years, according to S&P Global Market Intelligence, which noted that while a significant drop in freight rates with high bunker prices has already reduced sailing speed, EEXI-EPL will prevent potentialspeedrecovery.
NEW DELHI : Thanking the Hon’ble Commerce & Industry Minister,ShriPiyushGoyal for cementing the IndiaAustralia Economic Cooperation and Trade Agreement (ECTA) in a record time, which was ratified by Australian Parliament, Dr A Sakthivel, President, FIEO said that this is a milestone in India Australia relationship, which is warm and vibrant backed by mutual cooperation, trust and common interest. The President, FIEO, said that the ECTA will pave the way for a Comprehensive Economic Cooperation Agreement, which will further expand the relationship covering new areas of partnership.
It is remarkable that in a very short span of time India has carved out two important partnership agreements with UAE and Australia, which are complementary economies
and our important export markets. India will be getting zero duty benefit on 98.3% of the tariff lines from the day the Agreement comes into force and on 100% of tariff lines within 5 years. The Agreement will benefit all sectors of exports particularly the labour intensive like apparel & textiles, leather & footwears, gems & jewellery, furniture & exports goods, machinery & electrical goods and specified pharma products, added FIEO Chief. Pharmaceutical sector will be getting expeditious approval as many of such drugs already have approval in the US / UK / EU / Canada / Japan, which will help to increase our share in a market of over US$ 13 billion. Moreover, duty free imports of critical inputs like coal, copper, nickel, aluminium, manganese, wool, hides & skin will impart competitiveness to our manufacturing and exports. Australia will also be getting zero duty
facility in respect of 90% value of their exports to India.
Services has got the best ever treatment in any agreement as Australia has made commitments in around 135 sub-sectors with MFN in around 120 sectors. Post study work visas ranging from 18 months to 4 years will benefit over 1 lakh Indian students. The commitment to pursue Mutual Recognition Agreement (MRA) in next 12 months will greatly benefit the professionalsonbothsides.
FIEOsaidthatIndia’sgoodsexports to Australia will reach US$ 15 billion by 2025 from US$ 6.9 billion in 2021 taking full advantage of ECTA, while services should move to US$ 10 billion by 2025 from US$ 3.9 billion (provisional). Dr Sakthivel exuded confidence that the bilateral trade between the two countries will cross US$ 50 billion mark much before the target set to achieve thesame.
NEW DELHI : India is exploring the possibilityofemergingasatransitcountry to transport Russian oil and gas to Bangladesh after Turkey pitched in to emerge as a transit Country for such suppliestoIndia’sneighbour.
Turkey has expressed interest to emerge as a transit state for Russian energy supplies to Bangladesh but it is learntthatIndiaisexploringideastoassist in transit given its geographical location andstrongpoliticaltieswithBangladesh.
Turkey would be “more than happy” to help Bangladesh by becoming a transit country for Russian energy supplies, which Bangladesh needs to tackle fuel shortages, Turkish ambassador to Bangladesh Mustafa Osman Turan said recently in Dhaka. It comes as Turkey is eyeing to increase its influence in Bangladesh and India has been monitoring the trajectory of Turkey-Bangladesh ties over the past fewyears.
Energy cooperation between Bangladesh and Russia will be top priority when Russian Foreign Minister Sergei Lavrov visits Dhaka soon for the Indian Ocean Rim Association (IORA) Council of Ministers meeting.
Bangladeshhasbeeneyeingdiscounted Russian oil to meet its growing energy and power sector demands. In South Asia, besides India, Sri Lanka has purchased fossil fuel from Russia amid itseconomiccrisis.
NEW DELHI: Russia for the first time became the biggest fertilizer supplier to India in the first half of the 2022/23 fiscal year by offering discounts over prevailing global prices, cornering more than a fifth of the market share, GovernmentandIndustrysourcessaid.
India’s fertilizer imports from Russia surged 371% to a record 2.15 million tonnes in the first six months of the year started on April 1, a senior Government official who was closely monitoring the imports, was quoted in Reutersassaying.
In value terms, India’s imports during the period spiked 765% to $1.6 billion, he said. In the last entire fiscal year India imported 1.26 million tonnes fromRussia.
“India was struggling to secure fertilizers at reasonable prices after conflict escalated between Russia and
Ukraine.
Russian supplies were timely and at reasonable prices. It helped us to avoid possiblescarcity,”theofficialsaid.
Fertilizerpricesjumpedintheworld market from March onwards after Western countries imposed sanctions on the fertilizer shipments from Russia and Belarus, key exporters, in the wake ofMoscow’sinvasionofUkraine.
Combined, Russia and Belarus accounted for more than 40% of global exports of potash last year. Russia accounted for about 22% of global exports of ammonia, 14% of the world’s urea exports and about 14% of monoammoniumphosphate(MAP)–all keykindsoffertilizers.
“It was a win-win situation for India and Russia,” said a senior industry official who negotiates with overseas suppliers on behalf of Indian buyers.
“Indiasometimesgotdiscountsofmore than $70 per tonne over global prices. Russia got a big buyer who can replace Europeanbuyers.”
In June, India secured diammonium phosphate (DAP) from Russia at $920-925 per tonne on a cost and freight basis (CFR), when other Asian buyers were paying more than $1,000,industryofficialssaid.
The surge in Russian supplies halved China’s exports to India to 1.78 milliontonnesinthefirsthalfof2022/23.
Exports from other destinations such as Jordan, Egypt and the United Arab Emirates also fell. In the 2021/22 financial year Russia’s share in Indian imports was around 6%, while China cornered 24%. Russia’s market share jumpedto21%inthefirsthalfof2022/23, surpassing China as the biggest suppliertoIndia,theofficialsaid.
MUMBAI: Multiple incentive schemes rolled out by the Government, trade agreements with key nations and the declining share of China in the ready-made garment (RMG) market arelikelytohelpIndia’sexportsriseata CAGR (compounded annual growth rate)of12-13%andsurpass$30billionby 2027, CareEdge Ratings said in a recent report.
“This will help India to achieve an ambitioustextileexporttargetofUS$100 billion by 2030,” it said. CareEdge Ratings said that ready-made garments constituted a major share of around $500 billion in the global textile & RMG trade of around $850 billion in calendar year 2021.TheglobalRMGmarketisexpected toreacharound$650billionby2027.
The global RMG market primarily comprises the European Union (EU), the US, the UK, Japan, Canada and South Korea together accounting for nearly60%ofthetotalglobalimports.
Countries such as China, Bangladesh, Vietnam, Germany, Italy, Turkey, Spain and India dominate the export market, with China accounting
for a lion’s share of 33% of total RMG exports backed by high labour productivity along with economies of scale,itsaid.
“Having adequate raw material and a large labour workforce, India is well poised to grab the opportunity in the global RMG market. India has a very good presence across the cotton textile value chain from fibre to fabric, while it has a limited presence in man-made fibre,whichisexpectedtogetaboostby expected FTA with the UK and PLI scheme,“ said Krunal Modi, Associate Director–CorporateRatings.
“Furthermore, having presence across entire-value chain reduces transportation costs and lead time, thereby providing a cost-effective solution to the customers. With all these, Indian RMG exports are expected to surpass the US$ 30 billion mark by CY27. This shall translate into 4.6-4.9% share in world RMG exports as against the current share of around 3%,”headded.
India’s share in global RMG exports has remained sluggish from 2017 to
2021, with RMG exports at around $15 billion in CY21. Countries such as BangladeshandVietnamhavecaptured alargepartofChina’sdecliningsharein globalRMGexports.
“Competing nations have gained due to duty-free access to key export markets, i.e., EU, the UK and Canada apart from their higher labour productivity and economies of scale. India’s dependency on cotton-based textiles as against the high share of man-made fibres in the global RMG market also impacted its RMG exports,”thereportsaid.
“With a level-playing field due to trade agreements, India’s share in the UAE and Australian markets could rise and the free trade agreement (FTA) with the UK (likely to be completed in CY23) will be a game changer. However, challenges from competing nations such as Bangladesh and Vietnam remain as they have gained market share to some of the major export markets due to duty-free access amid China’s decline,” CareEdge Ratings said.
m.v. “NORTHERN PRACTISE” V-0028 I. G. M. NO. 2327576 Dtd. 21-11-2022 The above vessel is arriving at Mundra on 23/11/2022 as per following details.
Item Nos. B/L NOS. Item Nos. B/L NOS.
Item Nos. B/L NOS. 1 EPIRAEESAD243239
2 EPIRKWSLSC200786 3 EPIRKWSLSC200796
Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable. If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws.
Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.
Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. In case of any query kindly contact the below E-mail IDS & Phone Numbers :
IMPORT related : ravi.vaghela@in.emiratesline.com
Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977
EXPORT related : benoy.varghese@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092 IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.
EPIRCHNCWA228501
EPIRCHNSHA223939
EPIRCHNQGA227881
EPIRCHNSHA223847
EPIRCHNSHA223898 29 EPIRCHNSHA223901 30 SZOE22110022 31 EPIRCHNNBO228989 32 EPIRCHNNBO228990
33 EPIRCHNNBO228994 34 EPIRCHNCWA228468 35 EPIRCHNNBO228995 36 EPIRCHNNBO228996 37 EPIRCHNNBO229019 38 EPIRCHNSHA223678 39 EPIRCHNNBO228982 40 EPIRCHNQGA227931 41 EPIRCHNSHA223714 42 EPIRCHNSHA223751
Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING duly discharged and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable. If there is any delay in CY-CFS / lCD's movement due to port congestion or any other cause beyond the control of the Shipping Line / Agents are not responsible for the same. Also note that the Shipping Line / or their Agents will not be held responsible for auction by Port / Customs / Custodian of uncleared cargo on expiry of stipulated period as laid down in the byelaws. Consignees are advised that the carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods.
For vessel ETA / IGM- ITEM/ Exchange Rate / Local charges & Detention Charges please contact our office.
Rajkamal-II, Office No. 103, 1st Floor, Plot No. 342, Ward - 12/B, Gandhidham - 370201. India. In case of any query kindly contact the below E-mail IDS & Phone Numbers :
IMPORT related : ravi.vaghela@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89809 97977
EXPORT related : benoy.varghese@in.emiratesline.com Tel. No. : +91-2836-239378 / 239379 - Mob. : +91 89800 25092
IGM Tracking : http://www.emiratesline.com : 8090/eadmins/igm_main.jsp.
NEW DELHI: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal urged Steel Industry to make best use of the IndiaAustralia Economic Cooperation & Trade Agreement (ECTA) Agreement and look at capturing new opportunities in Australia. He was speaking at the 3rd editionofISASteelConclaveinNewDelhi.
Shri Goyal informed developed countries recognise that the Indian economy will drive world growth. He highlighted that post agreement with Australia all our steel exports to Australia will become duty free. He urged Industry to make best use of this Agreement and look at capturing new opportunities in Australia. He said that these trading agreements with developed countries will usher in new opportunities for our youth, businesses acrosssectors.
Shri Goyal stated that Steel Industry is the major stakeholder, contributing significantly to the export earnings. He noted that many Indian steel companies are top world class steel suppliers. High Quality products like engines, valves made from Indian steel are testimony to quality steel that the steel industry is producing. He urged them to strive to develop Brand India and observed that thesteelindustryisthelowhangingfruit in India’s integrated efforts to create globalrecognitionofIndianproducts.
Shri Goyal opined that the steel industry has a significant growth potential and urged them to achieve the target of 300 million tonnes by 2030. He said with large investments coming in future,Industrywillcontinuetoprosper and grow. He said while many other countries which are large producers of steel are facing severe stress, India has a huge opportunity in terms of large
domestic market, cost competitiveness, modern tech, wide range of products anddomesticironoreability.
The Minister said the Government is working with other countries to explore more market opportunities for our manufacturers, particularly those industries which are competitive, have high quality standards and are globally relevant. National steel policy 2017 has helpedIndiabecomethesecondlargest producerofsteel,headded.
On withdrawal of export duty on steels and various steel products, Shri Goyal explained that duty was imposed as a temporary measure to maintain price stability and maintain growth momentum in the country. He said these actions taken by the government have resulted in reining in inflation. He appreciated the steel industry for understanding the problem and fully supportingtheGovernment’saction.
m.v. “MSC GINA” Voy : JC246R I.G.M. NO. 2327526 Dtd. 21-11-2022 Exch Rate 83.67
The above vessel has arrived on 22-11-2022 at MUNDRA PORT with Import cargo from AD DAMMAM, JUBAIL. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. and usual survey conditions will apply.Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.
- Charges enquiry on land line - 619100
- IGM No./Item No./Destuffing point enquiries can also be done at our computerized helpline No.(079) 40072804 As Agents :
Gandhidham : Siddhi Vinayak Complex, Plot No. 1, Office No. 201-208, 2nd Floor, Ward - 6, Near Rotary Circle, Gandhidham - Kutch 370 201 Gujarat India. Tel : +91-2836-619100 to 616100 (Board) E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com H. O. & Regd. Office : MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400 059 Tel : +91-22-66378000, Fax : +91-22-66378192, E-mail : IN363-comm.mumbai@msc.com • www.msc.com
Consignees are requested to kindly note that the above item Nos. are for the B/L Nos.arrived for Mundra Delivery Separate IGM will be lodged with Kandla Customs for CFS - Gandhidham. Consignees are requested to collect Delivery Order for all imports delivered at Mundra from our Import Documentation Deptt. at Siddhi Vinayak Complex, 2nd Floor, Off. No.201-208, Opp. Reliance Petrol Pump, Nr. Rotary Circle, on Presentation of duly discharged Original Bills of Lading and payment of relevant charges. The container detention charges will be applicable after 5 days from the GLD for containers meant for delivery at Mundra. The containers meant for movement by ROAD to inland destinations will be despatched upon receipt of required documents from consignees/receivers and the consignees will be liable for paymeant of port storage charges in case of delay in submission of these Documents. Our Surveyors are M/s. Master Marine Services Pvt. Ltd. and usual survey conditions will apply.Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.
- Charges enquiry on land line - 619100
- IGM No./Item No./Destuffing point enquiries can also be done at our computerized helpline No.(079) 40072804 As
Cont’d. from Pg. 3 IncumbentMDJakobFriis Sorensen will relocate to Jakartaandstartanewroleas
Senior Advisor – Growth Initiatives, Indonesia, also effective January 1st. Sunay Mukerjee will take over the role previously held by Girish Aggarwal and becomethenewChiefOperatingOfficerinMumbai.
“Girish Aggarwal has led Gateway Terminals India Pvt. Ltd as COO since 2019, initiating GTI’s major berth and infrastructure improvement works. He and his team have consistently delivered to our customers and spearheaded one the most successful implementation of LEAN methodology among our terminals”, shares Jonathan R. Goldner, Managing Director,AsiaandMiddleEastatAPMTerminals.
Girish Aggarwal has a diverse leadership and a professional background. He was a gold medallist in Bachelor of Technology and received a Post Graduate Diploma in Operations and Systems from the Indian Institute of Management Bangalore (IIMB). He joined A.P. Moller - Maersk in 2013 where, prior to leading GTI, he was the CFO for Maersk’s Global Shared Centres. Before joining Maersk, he worked with Genpact, Ariba and HindustanUnilever.
WiththeappointmentofGirishAggarwal, current Managing Director in Pipavav, Jakob Friis Sorensen, who completes his three year assignment, will transition to a new role at APM Terminals as
Senior Advisor – Growth Initiatives, Indonesia and will relocate to Jakarta. Jakob has vast experience of the Indonesian market, having lived for 17 years in Indonesia, a country with which he also has family ties. Jakob will also continue to serve as an advisor to GPPL’s Board of Directors.
«“I would like to thank Jakob for leading Pipavav sinceJanuary2019. Duringhistenure,Jakobandthe team heroically rebuilt the port from the devastating typhoon Tauktae, while in the middle of severe COVID challenges. Jakob also developed and advanced GPPL’s long-term strategy, including signing a Memorandum of Understanding for a concessionextension,andcreatinganewportmaster plan containing a wide range of new business lines.”, saysJonathanR.Goldner.
Taking over from Girish Aggarwal in Mumbai as COO is Sunay Mukerjee, currently the Chief Commercial Officer in Suez Canal Container Terminal (Egypt). He joined A.P. Moller - Maersk over19yearsagoandhashadleadershipexperience across Europe, India, Middle East, and Africa. His roles have spanned Strategy and Transformation, Sales, Business development, Procurement and General Management. Sunay is a Maersk International Shipping Education (MISE) graduate from 2003, holds a graduate degree in science and completed his Master’s degree in Business Administration (MBA) from Symbiosis Institute in Pune, India. He will assume his new role on1stJanuary2023.
MUMBAI: Essar Ports & Terminals Ltd (EPTL) and Essar Power Ltd (EPL) concluded the US$ 2.05 billion (Rs. 16,500 crore) sale of captive ports and power assets located in Hazira and Paradip to Arcelor Mittal Nippon Steel India Limited (AM/NS). The sale consisted ofinfraassetswhichincludea270MWpowerplantand25 MPTA port at Hazira, Gujarat and a 12 MPTA port at Paradip,Odisha.
Mr Prashant Ruia, Director, Essar Capital, said “Essar has concluded its asset monetisation programme and completed the debt repayment of $25 billion (Rs. 2,00,000 crore) effectively making the group debt-free fromIndianbanksandfinancialinstitutions”
Essar continues to have a significant presence and substantial operating assets in all its core verticals –Energy, Metals & Mining, Infrastructure & Logistics and Technology & Retail. The privately held group currently
has revenues of c.US$ 15 billion (Rs. 1.2 lakh core) and asset under management of c.US$ 8 billion (Rs. 64,000 crore)withinandoutsideIndia.
Mr Rewant Ruia, Director, Essar Ports Terminals Limited, said “In a planned and strategic manner, we havemonetisedassetsthatwebuiltoverlast30years.We are now reinvesting in our existing operations and in building new assets, both in India and overseas, with more efficient, latest and carbon neutral new-age technologies,whichwillbesustainable.”
The assets that Essar has monetized over last five years have yielded a multifold return on investments which is a testimony to Essar’s reputation for building world-class, world-scale, high quality assets in all its businessverticals.
Essar has been and will continue to be a significant player and participant in the India growth story while continuing to derive substantial growth and revenues fromitsinternationaloperations.