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India is offering the technology platform to all ‘friendly’ neighbouring countries, two people were quoted as saying.
“We are offering Gati Shakti to friendly countries and there is interest from three countries. We also plan to showcase it to countries in the developed world, who have made investments into the country We want to show the
developed world the improvements that we have made in infrastructure planning, which will also help their investments,” said one of them, a Senior Government official, who did not want to be identified.
PM Gati Shakti National Master Plan may first be offered to neighbouring countries such as Bangladesh, Nepal and Sri Lanka, for planning and execution of certain cross border infrastructure projects before a separate product is developed for overseas project planning and execution to be implemented on the framework developed for domestic projects.
NEW DELHI : CONCOR (Container Corporation of India) is in the process of making partnerships with major shipping lines like Maersk – to offer end-to-end solutions including their flagship first mile – last mile (FM – LM) services, officials said.
The CPSE, under the Ministry of Railways, is also awaiting delivery of tank containers from wagon-maker Braithwaite & Co. The ramp up of tank containers is seen
as an attempt by CONCOR to shore up revenues from new segments in the domestic market, like cement. Review of cap-ex Budget will soon be taken up depending on infrastructure requirements. In FY25, the guidance was Rs 610 crore and by H1 around R s 2 7 7 c r o r e o f c a p - e x h a s b
The CPSE procured 5130 new containers in H1FY25 thereby taking its total number to 49,516
Cont’d. Pg. 6
According to Shri Sanjay Swarup, Chairman and Managing Director, CONCOR, meetings have been held with shipping lines in Mumbai; and the CPSE offered its warehousing services, first mile and last mile facilities and also apprised shipping lines of the volume-based incentives that are offered These services, he said, will be offered “as a package” “ So all these things, they are part of the agreement that we are having with shipping lines,” he said during a recent investor call
“I visited the headquarters of Maersk, which is the second biggest line in Copenhagen, Denmark And they are quite excited when I told them about the green logistics, ESG norms being followed and total business solutions So they have had internal discussions and all of them are coming forward to sign these agreements with us…” Shri Swarup further added.
Someoftheotherbusinesshouseswhohadpreviouslybeen named by the CMD as prospective candidates included Tata, Vedanta, Reliance and Jindal. It has long term agreements with the Jindal Group for export-Import trade only.
According to Swarup, Braithwaite Corporation will look to supply bulk cement and tank containers December onwards. Discussions are already underway with cement companies “We are in touch with leading cement companies…. and we hope to garner very good business in domestic in the coming months,” he said.
Rail services between Kandla port and ICDs (inland container depots) of North India have already begun; and, CONCOR will soon start double stack container train services from North India locations to Varnama (near Baroda), a part of the Western Dedicated Freight Corridor (WDFC).
The terminal at Varnama will have connectivity with both the Indian Railways network and the DFC with the latter part under – construction at present. “We will run double stack train from Dadri and Kathuwas upto Varnama. And from there we break it to two single stack trains. And they will go on Indian Railways route upto JNPT for the last 400 kms And the reverse will happen for imports,” Swarup said during the call
NEW DELHI: Container Corporation of India Ltd. started the First Banana Export Train of the Season from Tadipatri, Andhra Pradesh on November 22, 2024
This event marks a significant step towards bolstering India’s position in the global fruit export market The train, carrying 680 Tonnes of Bananas, exported by SK Exports, is en-route to Jawaharlal Nehru Port Trust (JNPT), Mumbai, from where it will be further distributed to various international markets
This train is part of a larger effort to facilitate the seamless movement of agricultural produce from India to global destinations.
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Cargo Steamer's Agent's ETD Jetty Name Name
CJ-I VACANT
CJ-II Ruby Confidence B S Shipping 28/11
CJ-III Future ID DBC 26/11
CJ-IV Nord Tokyo Mihir & Co. 27/11
CJ-V Thor Niramit Mihir & Co. 29/11
CJ-VI Flora DBC 30/11
CJ-VII Incredible Blue Anline Shpg. 28/11
CJ-VIII Iyo Sea Rishi Shpg. 27/11
CJ-IX Sambhu Sagar Inayat Cargo 28/11
CJ-X Happy Trader Samudra 30/11
CJ-XI VACANT
CJ-XII VACANT
CJ-XIII Pan Spirit Cross Trade 29/11
CJ-XIV Clipper Brunello B S Shipping 28/11
CJ-XV African Finfoot Aditya Marine 27/11
CJ-XVA Savita Naree Trueblue 26/11
CJ-XVI African Arrow Cross Trade 28/11 TUNA VESSEL'S NAME AGENT'S NAME ETD CSSC Rotterdam Seascape 23/11 OIL JETTY VESSEL'S
OJ-II World Performance V Ocean 26/11
OJ-III Sinar Mendawai Seaport S 26/11
OJ-IV CNC Bull Wilhelmsen 26/11
OJ-V Onsan Chem J M Baxi 26/11
TCI Express 22/11 Manglore-CochinTuticorin-Chennai
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Defne 22/11
DSI
Sai Fortune 23/11
Steamer's Name Agents Arrival on
Obe Heart ACT Infraport 29/10
Golden ID DBC 31/10
Mohsen Ilyas Seacoast 04/11
Saronic Spirit Synergy 05/11
Suvari Kaptan DBS 05/11
Iberian Bulker DBC 11/11
Dubai Knight DBC 11/11
Globe Cleopatra Interocean 12/11
Thalia Interocean 13/11
Sofia K B S Shipping 13/11
Xin Yi Hai 16 Cross Trade 16/11
Propel Fortune Cross Trade 01/11
White Fin Interocean 01/11
Sai Fortune Sai Shipping 05/11
Anna M DBC 04/11
Hangyang DBC 18/11
MO Joud DBC 19/11
Ipanema Beach Synergy 20/11
Densa Seal Synergy 20/11
Splendour Keelung J M Baxi 20/11
Farest Honesty Trueblue 20/11
Dawn Interocean 19/11
Strength Dariya Shipping 22/11 Fareast Harmony Port & Sea Expert 07/11
Stream Atlantis DBC
Stream Bomustafa O DBC
Stream Chemroad Journey GAC Shpg.
CJ-XIV Clipper
Stream
Stream
Stream
Stream East Wind I Anline Shpg.
Stream
Stream Farest Honesty Trueblue
Stream Glamour Anline Shpg.
Stream Globe Cleopatra Interocean Dounan
Stream Grampus Ace GAC Shpg.
Stream Golden ID DBC
Stream Haj Mohamad DBC
Stream Kiran Caspian Mihir &
Stream LMZ Pluto Aditya Marine
Stream Mars J DBC
Stream Mercury J DBC
Stream MO Joud DBC
Stream Mohsen Ilyas Seacoast
Stream New Destiny Chowgule
Stream
Stream
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Stream Suvari Kaptan DBC
Stream White Fin Interocean Dounan
(MAWINGU)
24/11 24/11-AM Melbourne Bridge 2407 4114232 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)
24/11 24/11-AM Wan Hai 627 19E 4114173 Heung A / WHL Sinokor (I) / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 25/11 01/12 01/12-AM GSL Christen 448E 4114218 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 02/12 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX) 02/12 01/12-PM Inter Sydney 168 4114345 Interworld Efficient Marine China (BMM) 03/12 TBA Asyad Line Seabridge Marine Haiphong, Laem Chaban, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
24/11 24/11-AM Melbourne Bridge 2407 4114232 Global Feeder Sima Marine Karachi (CSC)
24/11 24/11-AM Maersk Brownsville 447W 4117227 Maersk Line Maersk India Colombo (MW2 MEWA) 25/11
TBA Sai ShippingSai Shipping Karachi (JKX)
TBA Asyad Line Seabridge Marine Karachi (REX)
22/11 Wadi Duka (V-2423) — Seabridge Marine Nhava Sheva 23/11 Seatrade Peru (V-931S) OOCL India Jebel Ali 24/11 Melbourne Bridge (V-2407) 4114232 Parekh Marine Nhava Sheva
24/11 Wan Hai 627 (V-19E) 4114173 Wan Hai Line Nhava Sheva 24/11 Maersk Brownsville (V-447W)4114227 Maersk India Nhava Sheva 25/11 Cap San Sounio (V-447W) 4114110 Maersk India Jebel Ali
CB-2
Inter Sydney (V-167) Bandar Abbas 20-11-2024 X-Press Carina (V-24046E) Port Kelang 21-11-2024 Maersk Cape Town(V-447S) Port Qasim 21-11-2024
26/11-PM Ever Elite 170E 2404105 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 28/11 Evergreen/KMTCEvergreen/KMTC (FIVE)
27/11 27/11-AM TS Keelung 24005E 2404104 One/X-Press Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX)
28/11-PM Ever Legion 57E 2404138 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX) 03/12
29/11 29/11-PM KMTC Colombo 2407E 2404175 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS)
COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX) TO
22/11-PM Ital Universo 172E 2404048 FeedertechFeedertech Colombo.(AGI)
26/11 26/11-1200 BLPL Trust 1411E BLPL Trasnsworld
28/11 08/12 08/12-1400 Xin Da Yang Zhou 097E 24390 Gold Star / RCL Star Shpg/RCL Ag. (CIXA)
Pusan 35E
27/11 26/11-1900 GSL Christin 448E 24374 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 28/11 18/12 17/12-1900 GSL Nicoletta 451E 24388 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX)
Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan.
01/12 30/11-2300 MOL Creation 094E 24383 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 02/12 05/12 05/12-0100 One Commitment 067E HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3)
15/12 14/12-0100 One Contribution 059E
02/12 02/12-1400 Beijing 106E 24382 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 03/12 Nansha, Port Kelang (CI1)
26/11 26/11-0100 SM Neyyar 0447W 24381 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)
03/12 03/12-0100 Seaspan Jakarta 0448W 24386
20/12-0900 SM Manali 0049 24391 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 21/12 Krishnapatanam, Cochin, Mundra. (CCG) TO LOAD FOR US & CANADA WEST COAST
27/11 27/11-0600 One Responsibility 001E 24370 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los
m.v. “MSC TRIESTE” Voy : XA442A I. G. M. NO. 2393489 DTD. 20-11-24
The above vessel has arrived on 23/11/2024 at MDPT (MUNDRA) with Import cargo from ACAJUTLA, ANTWERP, BELFAST, BREMERHAVEN, BUENAVENTURA, CALLAO, COPENHAGEN, CORINTO, GDYNIA, GOTEBORG, HALIFAX, HAMBURG, HELSINGBORG,HELSINKI, KLAIPEDA, KOTKA, LIVERPOOL, LONDON GATEWAY PORT, OAKLAND, PUERTO CALDERA, RAUMA, RIGA, RIO GRANDE,RODMAN,ROTTERDAM,SANTOS,TALLINN
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
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m.v. “MSC TRIESTE” Voy : XA442A I. G. M. NO. 2393489 DTD. 20-11-24
The above vessel has arrived on 23/11/2024 at MDPT (MUNDRA) with Import cargo from ACAJUTLA, ANTWERP, BELFAST, BREMERHAVEN, BUENAVENTURA, CALLAO, COPENHAGEN, CORINTO, GDYNIA, GOTEBORG, HALIFAX, HAMBURG, HELSINGBORG, HELSINKI, KLAIPEDA, KOTKA, LIVERPOOL, LONDON GATEWAY PORT, OAKLAND, PUERTO CALDERA, RAUMA, RIGA, RIO GRANDE,RODMAN,ROTTERDAM,SANTOS,TALLINN
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
MUNDRA
360 MEDULY142878
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113 MEDUO7096912
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Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch - 370421on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
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The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. 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.
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m.v. “MSC MATTINA” Voy : OM443R
I. G. M. NO. 2393564 DT 21-11-24
The above vessel is arriving at MDPT (MUNDRA) with Import cargo from BEIRA, MOMBASA, NACALA. Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch - 370421on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at MUNDRA .
The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. 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.
In case of any query,kindly contact Import Customer Service - IN363-comm.mundra@msc.com
Get IGM No. / ITEM No. /CFS details on our 24 hrs computerized helpline No. (IVRS No.) 8169256872
You can also visit our website: msc.com/ind/help-centre/tools/import-general-manifest-information Invoices and Delivery order request must only be
Cont’d. from Pg. 4
Master plan showcased
An Indian delegation visited Nepal last year to showcase the master plan. It was also shown to Bangladesh at the invitation of the government there. Similarly, Gati Shakti has been showcased to 30 countries in Central Asia and South East Asia. The official said that the tool has also been showcased at the UN ESCAP (Economic and Social Commission for Asia and the Pacific) Conference in Hong Kong, the Asia Pacific Business Forum last year and the G-20 meeting in Delhi last September
The plan is also to offer PM Gati Shakti model to countries where India is already implementing projects Later, other interested countries could be offered this integrated planning and execution tool. The master plan is going to be portrayed as a unique product, using state of the art technology and one of its kind in the world which is going to refor m the gover nance, especially of project implementation and management Helping neighbours
Analsyts say this will help neighbouring countries.
“Our neighbours would benefit from similar master plans for their districts, and the know-how for quick implementation. They would be able to plan and execute their connectivity projects with right-of-way for better logistics, as also location identification for social infra. So many solutions and innovations in India can be shared with the Global South,
including African and Asian nations. Such innovations would be equally relevant for OECD members and G20 members. Beyond Gati Shakti, another example is the UPI mobile payment system,” said Shailesh Pathak, former CEO, L&T Infra Dev Projects Ltd.
PM Gati Shakti is a digital platform to bring 16 Ministries, including Railways and Roadways, together for integrated planning and coordinated implementation of infrastructure connectivity projects. This platform helps in the planning of infrastructure project and suggests alternatives that require minimal approvals.
Reportedly, Gati Shakti helped reduce the number of NoObjection Certificates required for a coastal road road project in Gujarat to 13 from 28. Till September-end, it has assessed over 208 major infrastructure projects, estimated at over $180 billion.
Prime Minister Shri Narendra Modi, at the the Brics summit last month, offered Gati Shakti to member countries.
“We have established a digital platform called the GatiShakti portal to rapidly expand multi-modal connectivity in India This has helped in integrated infrastructure development planning and implementation and has reduced logistics costs. We will be happy to share our experiences with all of you,” Modi said in his speech at the plenary of the 16th Brics summit.
Along with friendly countries, the government has also arrived at a consensus on sharing the platform with private sector firms to help them plan their projects well.
…TEPA to boost 99.6% of Indian exports with Market Access to EFTA countries and drive $100 billion investment
NEW DELHI : The Secretary, Department of Commerce, Ministry of Commerce & Industry, Shri Sunil Barthwal, accompanied by senior officials, visited Norway on 22nd November 2024. The visit was aimed at furthering the objectives of Trade and Economic Partnership Agreement (TEPA) and unlocking the large market in EFTA countries for Indian exports of goods & services and push for early implementation of $100 bn investment. TEPA was signed in March 2024.
TEPA is a modern and ambitious Trade Agreement which India signed with four developed nations - an important economic bloc in Europe The agreement will give a boost to Make in India and provide opportunities to the young & talented workforce. EFTA is offering 92.2% of its tariff lines which
covers 99.6% of India’s exports. The EFTA’s market access offer covers 100% of non-agri products and tariff concession on Processed Agricultural Products (PAP). India is offering 82.7% of its tariff lines which covers 95.3% of EFTA exports. India has offered 105 sub-sectors to the EFTA and secured commitments in 114 from Norway TEPA would stimulate our services exports in sectors of our key strength / interest such as IT services, business services, personal, cultural, sporting and recreational services, other education services, audio-visual services etc. Services offered from EFTA include better access through digital delivery of Services (Mode 1), commercial presence (Mode 3) and improved commitments and certainty for entry and temporary stay of key
C O P E N H A G E N : T h e m a j o r carriers have reported a combined 2024-Q3 EBIT of USD 17.06bn, which is a 600% increase Y/Y – the Y/Y increase is discounting ZIM who reported a onetime non-cash impairment loss of USD 2.06bn in 2023-Q3; including this figure would over-inflate Y/Y growth for 2024Q3. This is on the back of a USD 6.12bn EBIT in 2024-Q2.
Of these 9 reporting carriers, 8 have reported EBIT of over USD 1bn, of which 3 have reported EBIT of over USD 2bn. COSCO had the highest 2024Q3 EBIT of USD 4.71bn. Even with the highest EBIT, COSCO did not have the
f
highest EBIT/TEU as they also grew their global volumes by 10.8%. Their EBIT/TEU of 716 USD/TEU was surpassed by ZIM’s EBIT/TEU of 1,273 U S D / T E
l
w e d b y O
(567 USD/TEU), and Maersk (446 USD/TEU).
personnel (Mode 4).
TEPA will give impetus to “Make in India” and Atmanirbhar Bharat by encouraging domestic manufacturing in sectors such as Infrastructure and
Chemicals, Food Processing, Transport and Logistics, Banking and Financial Services and Insurance.
TEPA is expected to accelerate the creation of a large number of direct jobs for India’s young aspirational workforce in the next 15 years in India, including better facilities for vocational and technical training. TEPA also facilitates technology collaboration a n d a c c e
technologies in precision engineering, health sciences, renewable energy, Innovation and R&D.
Given these results, it seems as though the market is in a conflicted state. While this is clearly not pandemic level profitability, it is also higher than any “normal” Q3. It seems as if the current supply chain disruptions have jolted the market enough to drive up freight rates, increase volumes (only par
to a level not seen across the pre-pandemic decade, but not enough to increase these figures to the highs seen during 2021-2022.
m.v. “MSC ALTAIR” Voy : IS446A
I. G. M. NO. 2393630 DTD. 22-11-24
The above vessel is arriving at MDPT (MUNDRA) with Import cargo from ALIAGA, CONSTANTA, DAMMAM, GEMLIK, JEBEL ALI, JUBAIL, MESAIEED, NOVOROSSIYSK, PIRAEUS, SAMSUN, SHUAIBA, SHUWAIKH, SINES, TEKIRDAG (ASYAPORT), THESSALONIKI, TRABZON, VALENCIA, VARNA, YARIMCA.
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
69 MEDUCD910831
78 MEDUDM924863
77 MEDUDM925555
2 MEDUDM927221
105 MEDUDM927866
92 MEDUDM928187
50 MEDUDM928823
31 MEDUDM929359
45 MEDUDM930035
34 MEDUDM930183
4 MEDUDM931843
75 MEDUDO457334
108 SFEFBKG0012192024B
19 MEDUFC055177
16 MEDUFC056225
21 MEDUFC056795
13 H701142138
151 YKSE24005281GNT
18 MEDUFC060375
10 GNW2402729EXY
91 MEDUFH090559
130 MEDUG9283011
111 MEDUIL200819
129 MEDUIL204977
58 MEDUKW407234
82 MEDUKW407853
81 MEDUKW407895
141 MEDUKW407978
61 MEDUKW408075
146 MEDUKW408117
85 MEDUKW408281
140 MEDUKW408349
83 MEDUKW408547
145 MEDUKW408950
87 MEDULL756730 135 MEDURO872150
54 MEDUSB183946
70 MEDUTR036962
72 MEDUVR323779
71 MEDUCD918313
104 MEDUDM925225
44 MEDUDM926819
39 MEDUDM927726
5 MEDUDM927932
125 MEDUDM928559
144 MEDUDM929086
36 MEDUDM929409
153 MEDUDM930084
40 MEDUDM930209
150 MEDUDO457250
122 MEDUDO457607
114 MEDUDV491003
22 MEDUFC055201
30 KNY2409022100
12 KNY2409022088
29 MEDUFC058031
152 YKSE24005282GNT 27 MEDUFC061274 28 MEDUFC063536 52 MEDUG9280942 73 MEDUIL196744
121 24IZM5003033
MEDUDM928120
Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for MUNDRA delivery. Consignees are requested to collect Delivery Order for all imports delivered at MUNDRA from our Import Documentation Dept. at Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch - 370421on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at MUNDRA
The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. 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.
In case of any query,kindly contact Import Customer Service - IN363-comm.mundra@msc.com
Get IGM No. / ITEM No. /CFS details on our 24 hrs computerized helpline No. (IVRS No.) 8169256872
You can also visit our website: msc.com/ind/help-centre/tools/import-general-manifest-information
Invoices and Delivery order request must only be done in ODEX portal uploading all supporting documents
As Agents :
Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch, Mundra - 370421, (INDIA) Tel. : +91 2838615501 • Telefax : +91 2838271003
email : IN363-comm.mundra@msc.com • Website : www.msc.com Corporate Identity Number : U63090MH2001PTC133288
NEW DELHI : The DirectorateGeneral of Foreign Trade (DGFT) has launched a probe into sugar exports from India to Maldives under a bilateral treaty being diverted to Sri Lanka, trade sources said.
On October 25, it was reported that some exporters allegedly misused a part of the 64,494.33 tonnes of sugar allocated by the Centre for exports to Maldives under a bilateral agreement between the two countries. Following this, the DGFT launched a probe and trade sources said sugar exports to Maldives have come to a halt.
The sources said at least seven parcels of sugar set to be exported to Maldives have been detained at the Nhava Sheva port on the s u s p i c i o n t h a t i t w a s b e i n g
divertedtosomeotherorigin
Bilateral pact
On the other hand, Sri Lankan Customs officials have detained about 70 containers of Indian sugar diverted to Colombo after an alert according to a report.
On April 5, 2024, the DGFT issued a notification under a bilateral agreement with Maldives permitting rice, wheat flour, dal, sugar, eggs, potatoes and onions, besides stone aggregate and river sand.
Though India did not allow sugar exports in the 2023-24 season (September-October) because of a decline in production, it allowed shipments of limited quantities to a few countries such as Maldives.
Later on April 15, 2024, the DGFT
said the exports of commodities under the bilateral treaty would be permitted only through Mundra, Tuticorin and Nhava Sheva sea ports besides the Inland Container Depot, Tughlakabad.
At standstill
Following the launch of the investigation into the diversion, exports of sugar to Maldives have almost come to a standstill Trade sources said Sri Lanka officials have stopped clearances at Colombo. They have begun a separate probe against the buyers based in Lanka.
Over 80 container loads of sugar f r o m t h e c o u n t r y, p
for exports to Maldives, landed
mid-October
NEW DELHI : Govt mulls greater autonomy for major ports to boost efficiency and reduce bureaucratic delays. In its drive to transform state-
o w n e d p o r t s i n t o s e l f- r e l i a n t commercial hubs, the Ministry of Ports, Shipping, and Waterways is exploring plans to enhance decisionmaking autonomy for India’s 12 major ports, officials close to the matter revealed.
A key proposal under review would empower these ports to independently manage their capital expenditure (capex), provided it is financed through internal resources. This shift aims to deepen the corporatisation of major ports, reducing bureaucratic dependency and fostering operational efficiency
“This initiative could unlock greater flexibility and efficiency in p o r t m a n a g e m e n t , ” a s e n i o r Government official noted “By allowing ports to leverage their resources, we can streamline infrastructure development and meet evolving trade demands more effectively
Over 10,000 steel user units are facing a crisis due to prolonged port delays and burdensome regulatory requirements, and the government should look at streamlining import processes and digitise systems to help the sector, think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) also said that policies aimed at protecting
domestic steelmakers, including import restrictions and quality c o n t r o l m e a s u r e s , h a v e unintentionally penalised industries dependent on imported steel.
Over 10,000 units are struggling with operational and financial challenges, threatening their production and export capabilities, it added. It also said that Free Trade Agreements (FTAs) need careful scrutiny as some FTAs allow Indian fir ms to partner with foreign producers and re-import steel at concessional rates, raising concerns about competition. “Port delays and red tape are choking India’s steel user industries Over 10,000 steel user units face financial strain due to delays at ports and unclear regulatory requirements. Essential imports for manufacturing industries face excessive scrutiny,” GTRI Founder Ajay Srivastava said.
To m o n i t o r i m p o r t s , t h e government introduced the Steel Import Monitoring System (SIMS), requiring detailed declarations before goods arrive Additionally, Quality Control Orders (QCOs) mandate registration with the Bureau of Indian Standards (BIS) for specific steel products However, he said, C u s t o m s h a s e x t e n d e d t h e s e requirements indiscriminately, demanding BIS No Objection Certificates (NOCs) even for items outside the QCO’s scope.
“This creates confusion, delays,
and added costs, as BIS rarely issues NOCs promptly. Compounding the problem, the Steel Ministry’s Steel Import Monitoring System (SIMS) for registering consignments often malfunctions, further delaying clearances,” Srivastava said. India’s steel user industry urged the G o v e r n m e n t t o e n s u r e c l e a r, transparent, and efficient processes. If import restrictions are necessary, the GTRI said, they should be implemented through well-defined policies rather than procedural roadblocks.
To e n s u r e t h e g r o w t h a n d competitiveness of both steelmakers and steel user industries, the Government should take steps such as streamlining import processes, digitizing systems, and focusing on the domestic production of highquality specialty steel are critical “Without these measures, policyinduced bottlenecks could harm the broader economy and undermine India’s aspirations for global manufacturing leadership,” the think tank said, adding QCOs should be mandatory only for steel made domestically in sufficient quantities and there is a need to revamp SIMS. India’s steel industry can be divided into two categories — steelmaking firms and steel-user industries. The user industries use steel to create value-added products like flat and long steel items, specialty steel, stainless steel, and fabricated component.
NEW DELHI : Around 62 per cent of steel imports are landing from FTA countries at nil duty and any duty hike will not have any impact on these shipments, Steel Secretary Sandeep Poundrik said recentlywhile acknowledging that there is a genuine p r o b l e m o f s u p p l y g l u t d u e toincreased imports.
His comments have come against the background of domestic steel players raising concerns over rising cheap steel imports from select n a t i o n s , a f f e c t i n g t h e i r competitiveness The domestic industry has also sought an increase in customs duty on steel products to check belowcost shipments.
Speaking at a Ficci event here, the S t e e l S e c r e t a r y e v e n i f t h e government raises the basic customs duty on imports, the move will not have the desired impact as 62 per cent
of the shipments entering India from FTA nations There is a genuine problem and the ministry is aware of that, Poundrik said adding that there are multiple ways to protect the domestic industry but the only problem is that 62 per cent of imports are from FTA countries.
“So, if we increase basic customs duty, there is no impact on these 62 per cent imports because there is no duty,” the Secretary said.
He also said there have been concerns for almost a year, especially in the last few months that dumping is happening at the international level and steel prices have come down.
Indian imports in the first half of this financial year increased by around 41 per cent and exports have gone down by 36 per cent.
The inventory levels in steel companies have increased from
normal 15-16 days to up to 30 days, he said adding the industry is facing a genuine problem.
He also said that the steel demand has expanded by 13 per cent in the first half of the year and per capita steel consumption is heading towards 100 kg. The installed capacity stands at 180 million tonnes (MT) and another 120 MT is to be installed by 2030 to meet the 300 MT target.
According to BigMint, India’s steel imports were at 5.51 million tonnes (MT) in April-September 2024-25, higher from 3.66 MT in the yearago period, Imports from China surged to 1.85 MT during that period from 1.02 MT in April-September period of financial year 2023-24, it said.
India has free trade agreements (FTA) with countries like Japan, South Korea, Mauritius and the ASEAN bloc.
KOLKATA : India is stepping cautiously on its proposed imposition of retaliatory duties on EU goods for wrongful extension of safeguard tariffs on its steel as it is weighing diplomatic considerations such as action by other countries similarly hurt by the measures and an assessment of overall trade relations with the bloc, sources have said.
“New Delhi made it clear this September that it believes that the safeguard duties imposed on Indian steel by the EU are wrongful when it informed the WTO of its proposed retaliatory duties on imports from the bloc. However, it has still not gone ahead with the move as several diplomatic factors need to be considered given that the EU is a valuable trade partner,” an official tracking the matter said.
The EU imposed safeguard
measures in 2019 after the US imposed additional duties on its steel i m p o r t s d u r i n g t h e Tr u m p Administration. It was in the form of Tariff-Rate-Quotas (TRQs) reflecting traditional trade flows, above which a 25 per cent duty was levied on imports, and it was applied for a five year period till June 2024.
“Several countries affected by the safeguard duties including India, Russia, Brazil, China and Turkey had tried to convince the EU to withdraw the duties and later not to extend the duties beyond June 2024 as the move was not in line with WTO rules However, the EU went ahead and extended the safeguard duties for another two years till 2026,” the official noted.
I n S e p t e m b e r 2 0 2 4 , I n d i a submitted to the WTO that it reserved its right to effectuate a proposed
suspension of concessions to the EU, equivalent to the hit taken by its industry because of the extension of the safeguard measures.
“India hereby informs that from 2018 to 2023 the safeguard measures have resulted in cumulative trade loss for India to the tune of $ 4.412 billion on which the duty collection would be $ 1.103 billion. Accordingly, India’s proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in the EU,” per India’s submission to the WTO
To ensure the effective exercise of its right to suspend substantially equivalent concessions or other obligations referred to in Article 8.2, India reserves its right to effectuate t h e p r o p o s e d s u s p e n s i o n immediately and adjust the products as well as the tariff rates, it added.
D H A K A : T h e B a n g l a d e s h Government has approved a proposal from the Ministry of Food to import 50,000 tons of non-basmati parboiled rice from India through an open tender process. The total expenditure for the purchase will amount to Tk282.96 crore.
The decision was finalized at a
meeting of the Cabinet Committee on Government Purchases, chaired by Finance Adviser Dr Salehuddin Ahmed, at the Secretariat recently According to meeting sources, the Indian company M/s SAEL Agri Commodities Limited will supply the rice. This follows the earlier approval by the Advisory Council
Committee on Economic Affairs for importing 500,000 tons of rice from international sources during the 202425 fiscal year to address state emergencies and ser ve public interest.
The cost of the 50,000 tons of rice is estimated at $471.60 per ton, amounting to $23.58 million.
MUMBAI: The Third Working Group meeting on Chabahar Port between India, Iran and Uzbekistan was held on 22 November 2024 in Mumbai. A delegation from the Afghanistan Chambers of Commerce also attended the meeting as a special invitee.
During the meeting, participants emphasized the importance of Chabahar Port in supporting Afghanistan’s reconstruction and economic development, as well as providing an alternate trade corridor to Central Asia. They also noted the increase in transit traffic through Chabahar Port and discussed ways to enhance regional connectivity.
The meeting was followed by interaction with the members of the business community A presentation on the operations of Shahid Beheshti Terminal, Chabahar Port highlighting the facilities being offered for transit, was delivered by India Ports Global Limited (IPGL). During the interaction, traders expressed keen interest in utilizing the Chabahar Port for trade and transit The business community was encouraged to come forward with suggestions to further enhance the trade and transit through the port to realize its full potential.
IPGL through its wholly owned subsidiary, India Ports Global Chabahar Free Zone (IPGCFZ), took over the operations of the Chabahar Port on 24 December 2018. Since then, the port has handled over 450 vessels, 1,34,082 TEUs (Twenty-foot Equivalent) of containerized cargo and more than 8.7 million tons of bulk cargo. There has been an increase of 1200% increase of containers handled during the last financial year
It was decided to hold the next edition of the Working Group meeting at a mutually convenient date and venue.
ANTWERP: Leading deepsea terminal operator PSA Antwerp and Antwerp-based rail terminal Combinant signed a Memorandum of Understanding (MoU) to establish an integrated service to optimize the connectivity between PSA’s Deepsea Terminals and Combinant Rail Terminal in the Port of Antwerp. This streamlined corridor aims to facilitate a modal shift from road to rail, thereby enhancing maritime intermodal rail solutions at the Port of Antwerp.
As businesses increasingly seek fast, cost-effective, and sustainable transport options for their products between the deepsea port and the respective hinterlands, the shift from road to rail has become a valuable alternative. The newly established trucking service will connect PSA's two deepsea terminals on the right bank of the river Scheldt (Noordzee and Europa Terminal) with the Combinant rail terminal in the north of the Port of Antwerp
Through the Combinant-Duisburg rail connection, operated by the intermodal network operator HUPAC, this new integrated service will connect PSA’s Antwerp terminals with PSA’s investment in the recently opened Duisburg Gateway Terminal (DGT)1 in the Ruhr area. Since early November 2024, HUPAC has rerouted its trains to DGT, making the following destinations directly bookable for maritime cargo through PSA’s Intermodal Solutions Department: Schkopau and Schwarzheide in Germany, Warsaw in Poland, Budapest in Hungary, Vienna in Austria, Ploiesti (Bucharest) in Romania, Starà Zagora in Bulgaria, Pančevo (Belgrade) in Serbia and Istanbul in Türkiye.
Additionally, rail operators calling Combinant can now offer connections between PSA’s Antwerp terminals and important logistics hotspots on the European continent
such as Ludwigshafen, Bettembourg, Milan, Verona, Barcelona and Madrid.
To further reduce carbon emissions, both companies will explore the introduction of sustainable electric trucks (eTrucks) to this corridor Last year, PSA Antwerp successfully conducted tests with Mercedes-Benz and Volvo eTrucks to assess their performance and feasibility in moving containers throughout the port.
Edward Tah, Managing Director of PSA Belgium, expressed enthusiasm about the opportunities this new MoU presents, “At PSA, we are committed to continuously enhancing the hinterland connectivity of our terminals, offering more multimodal, efficient, sustainable, and costeffective solutions to our customers. Our partnership with Combinant aligns with PSA Group’s strategic vision of expanding our services and product portfolio into the hinterland, as exemplified by our investment in the newly opened Duisburg Gateway Terminal and the announced acquisition of Polish intermodal operator Loconi Intermodal S.A.2. We look forward to collaborating closely with Combinant.”
Ben Beirnaert, General Manager Combinant N.V., sees a lot of potential for the future. “By integrating maritime and continental volumes on trains, we have the optimal solution for the future. At Combinant, we see immense potential in this partnership with PSA Antwerp. We already offer more than 10 direct train destinations across Europe, available to the PoAB community The only way forward is to collaborate with all stakeholders to achieve a modal shift across all volumes ”
The service can be booked via PSA Belgium’s Intermodal Solutions Department:
• For additional information and rate requests: psaa-cyrequest@globalpsa.com
• For bookings: psaa-cybooking@globalpsa.com
SEOUL : The two ships named HMM Ocean and HMM Sky were built by HJ Shipbuilding & Construction (HJSC) in South Korea under the shipbuilding order placed by Navios in 2022. Upon delivery, the vessels will go on a charter to HMM for up to 14 years. The South Korean company plans to deploy the LNG-powered containerships on its FIM (Far East–India–Mediterranean) service starting January 2025.
“Being the first LNG-powered containerships in Korea, this milestone reflects our dedication to sustainability. LNG
is emerging as a leading low-carbon fuel, significantly reducing CO₂, NO , SO , and particulate matter emissions. x x This step strengthens our resolve to achieve carbon neutrality by 2045,” HMM said in a social media update. To remind, HMM aims to acquire around 70 green vessels by 2030 and establish a carbon-neutral ecosystem across all transportation segments by 2045 As part of this strategy, the shipping company recently revealed plans to invest KRW 23 5 trillion($17 48billion)insustainablegrowthby2030