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: (079) 26569995, E-Mail:dstgujarat@gmail.com MUMBAI : (022)22661756 / 1422, 22691407
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GANDHIDHAM: The Deendayal Port Authority (DPA), Kandla held a “ M E E T I N G W I T H T R
, in Gandhidham. The meeting was chaired by Shri Nandeesh Shukla, IRTS, Deputy Chairperson of DPA and attended by key port user associations, including the Kandla Port Steamship Agents Association, the Kandla Customs Brokers Association, the Gandhidham Chamber of Commerce and Industry, the Kandla Stevedores Association Limited, and the Kandla Ship Chandlers and Ship Repairs Owners Association
Cont’d. Pg. 6
MUMBAI: SITC a leading I n t r a A s i a operator has announced Direct Weekly Service linking between and Port Klang and Yangon to Haldia Dock Complex (HDC) of Shyama Prasad Mookerjee Port, Kolkata (SMPK) with a first of its kind Weekly Express Service.
Cont’d. Pg. 10
MUMBAI: The Countdown and the anticipation has s t a r t e d b u i l d i n g i n f o r the much awaited and most Industry Acclaimed Awards i.e. India Maritime Awards 8th Edition.
Managed by India’s Oldest and Pioneer Shipping News Paper – Daily Shipping Times – serving the Maritime Trade since last 64 years, this Awards Ceremony will be hosted on 28th June at the 3rd Floor, Sapphire Ballroom - Hotel Sahara Star, Mumbai from 5 pm onwards.
Leading Luminaries and Stalwarts from the
Maritime Trade will be in large attendance under one roof to motivate, cheer and applaud the Proud Winners of IMA 8th Edition.
India Maritime Awards (IMA) is growing bigger and better each consecutive year with the overwhelming support and the Trust bestowed by the Maritime Trade consistently on Daily Shipping Times.
IMA, being one of the Prestigious and most Admired Awards ceremony, it becomes a must attend event presenting excellent opportunity of Meeting, Networking and Branding.
The Awards Ceremony will have a insightful Pa n e l D i s c u s s i o n , Ke y n o t e a d d r e s s b y t h e Top Dignitaries, Awards and Cocktail Dinner.
Cont’d. from Pg. 4
The discussion focused on a range of critical port-related issues such as crane-berth hire charges, cargo productivity n o r m s , i n c e n t i v e s f o r performance beyond port norms, weighbridge issues, land charges, and port user passes Discussion on marketing of Coal and other cargoes was the core in this meeting.
Building on the commitment to sustain momentum, DPA achieved an extraordinary milestone by handling a record-breaking 18 5 million metric tons (MMT) of cargo within the first 45 days of the current fiscal year 2024-25. Thisremarkablefeatrepresentsa6 81%growthcompared to the same period last fiscal year and surpasses the previousrecordsetduringFY2022-23by6 38%
DPA, Kandla is committed to ongoing engagement
with port users and stakeholders to address their c o n c e r n
competitiveness of the port. The constructive feedback and collaborative spirit demonstrated during the meeting will help to decide future actions and strategies for the growth of the port.
The meeting concluded successfully, thanks to the efforts of Shri Ratna Sekhar Rao, Traffic Manager and o t h e r H e a d s o
Shri C. Harichandran, Secretary, Capt. Pradeep Mohanty, Deputy Conservator; Shri B. Bhagyanath, FA & CAO; Shri V. Raveendra Reddy, Chief Engineer; Shri Susil Chandra Nahak, Chief Mechanical Engineer and Shri Sushil Kumar, Assistant Commandant-CISF DPA extends its gratitude to all participants for their valuable contributions and looks forward to continued partnership and progress in addressing port-related issues on a regular basis.
biz@nfguj.com / info@nfguj.com
Cont’d. from Pg. 4
All Far East Ports including from China/Japan will be connected via Port Kelang.
The first vessel SITC Nagoya is expected to berth HICT around 05th June 2024 and the 2nd Vessel in the Loop Service SITC Tianjin will call Haldia around 12th June 2024. It is for the first time in the history of SMPK operations that a weekly regular direct service to Yangon / Port Klang is calling Haldia Container Terminal operated by J M Baxi Ports and Logistics Pvt Ltd who were awarded the operations and maintenance contract by Kolkata Port Trust for integrated container handling operations.
The Port rotation of this weekly service will be Port Klang-Haldia-Yangon-Port Kelang.
This has been a strategic launch from SITC represented in India by Eastern Liners Shipping Pvt Ltd (J M Baxi Group) & SMPK aimed at enhancing and providing shipping efficiency to the fast growing Export Import Trade in this region.
In today's dynamic Global Trade Landscape, SITC realizes that efficiency and flexibility are of paramount importance and hence they continue to build strategic services to various East Coast ports like Haldia, Chennai and Visakhapatnam with best-in-class transit times from Far East.
The partnership between SITC and HDC (SMPK) will spur the development in West Bengal and other fast developing states of Odisha, Chhattisgarh, Bihar and the entire North East as the region will benefit with the fastest transit time and direct connectivity for their exports and imports.
This service will also help connect cargoes to Nepal and Bhutan and emerging NE States.
SEOUL: South Korea is pursuing an ambitious project to launch the world’s first green shipping route. And 9,000 TEU methanol-fueled container ships being built by the country’s flagship carrier HMM is expected to play a leading role in establishing green shipping routes.
Speaking at a recent seminar, Ministry of Oceans and Fisheries’ Secretary of Maritime Industry Technology, Lee Chi-kyung, stated, “With the goal of pilot operation in 2027, this green shipping route will connect South Korea’s Busan and Ulsan ports with Seattle and Tacoma in the US.”
The aforementioned ships were ordered in February 2023, at Hyundai Samho Heavy Industries and HJ Shipbuilding and Construction for delivery between 2025 and 2026.
The European Union (EU) introduced the Carbon Emission Trading System (EU ETS) for ships over 5,000 gt operating in ports in the region starting this year The EU ETS obliges companies to buy credits for 40% of emissions this year; 70% in 2025, and 100% after 2026.
As a result of this measure, 137 South Korean-owned ships operating in EU waters will face environmental
costs of over US$500 million from this year to 2030. During the opening ceremony of Busan New Port Pier 7, a fully automated port, in April, president Yoon Seok-yeol declared that Busan will be the start and end point of a green shipping route.
A green shipping route is one without carbon e m i s s i o n s t h r o u g h o u t t h e e n t
i m e transportation process by using carbon-free fuel and eco-friendly technology Ports along this route will also have infrastructure to supply carbon-free fuel.
After conducting a preliminary feasibility study, the South Korean government decided to develop the BusanSeattle-Tacoma section as a green route for container ships using methanol, and the Ulsan-Masan-SeattleTacoma section as a green route for methanol-fuelled car carriers.
Seattle and Tacoma, on the US West Coast, were merged into the Northwest Seaport Alliance in 2015 and are effectively operating as one port. The South Korean government plans to form a consortium involving shipping and bunker suppliers to provide clean fuels such as green methanol and e-methanol, and then begin pilot operations in 2027.
SHANGHAI: To elevate the development quality of its listed companies, COSCO SHIPPING Group hosted “COSCO SHIPPING Capital Markets Day” on May 21 in Shanghai. Management from the nine listed subsidiaries of the group, including COSCO SHIPPING Holdings (601919.SH / 01919.HK), COSCO SHIPPING Energy ( 6 0 0 0 2 6 S H / 0 1 1 3 8 H K ) , C O S C O S H I P P I N G Development (601866.SH / 02866.HK), COSCO SHIPPING Specialized Carriers (600428.SH), COSCO SHIPPING Technology (002401.SZ), Hainan Strait Shipping (002320 SZ), COSCO SHIPPING Ports (01199.HK), COSCO SHIPPING International (00517.HK), and OOCL (00316.HK), discussed the recent industry outlook and their operation strategies through a large group presentation and 24 small group meetings.
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Nord Vind Interocean 30/05
CJ-II Kuwana DBC 29/05
CJ-III Haj Abdalllah T DBC 28/05
CJ-IV TBC Princess Coral Shpg. 01/06
CJ-V VACANT
CJ-VI Blue Cecil Synergy 31/05
CJ-VII Arcola Interocean 29/05
CJ-VIII VACANT
CJ-IX Gautam Atharv Inayat Cargo 28/05
CJ-X Annita Benline 02/06
CJ-XI Hansa Europe Hapag Llyod 28/05
CJ-XII TCI Express TCI Seaways 28/05
CJ-XIII East Wind Shaan Marine 30/05
CJ-XIV Yasa Sapphire Cross Trade 03/06
CJ-XV Wadi Feran BS Shpg. 02/06
CJ-XVA Golden Glory Mihir & Co. 01/06
CJ-XVI Xin Hai Tong 35 BS Shpg. 31/05
TUNA VESSEL'S NAME AGENT'S NAME ETD One Ocean Avantika Shpg. 29/05
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Kruibeke Seaworld 28/05
OJ-II Crystal Voyage Samudra 28/05
OJ-III Oriental Gerbera Allied Shpg. 28/05
OJ-IV Bow Aquarius GAC Shpg. 28/05
OJ-V VACANT
OJ-VI Lady Elise
OJ-VII Caroline
Mohsen Ilyas 25/05 Yemen
AP Slano 25/05 Paradip
Loa Fortune 25/05 China
Caroline Oldendorff 26/05 Russia
Pera 26/05 Italy
Inter Sydney 26/05 Bandar Abbas
Yangtze Brightness 26/05 China
TCI Anand 26/05 Manglore/ Cochin/Tuticorin
02/06 Atriculate DBC
CJ-XVA Golden Glory Mihir & Co.
CJ-III Haj Abdalllah T DBC Somalia
Stream Nazia Jahan Arnav Shpg.
CJ-I Nord Vind Interocean
OJ-III Oriental Gerbera Allied Shpg.
Stolt Larix
2024031297
2024051278
CJ-X Annita Benline 46,000 T. Petcoke In Bulk 2024051289
CJ-VII Arcola Interocean
T.Dark Dap In Bulk 2024051296
CJ-VI Blue Cecil Synergy Malaysia 30,011 CBM T. Logs 2024051219
Stream CSSC Rotterdam James Mackintosh USA 1,13,912 T. US Steam Coal In Bulk 2024051269
28/05 DSI Pegasus Taurus
T. Coal In Bulk 2024051271
CJ-XIII East Wind Shaan Marine Russia 27,494 T. Yelow Peas In Bulk 2024051225
CJ-IX Gautam Atharv Inayat Cargo
T.
Coils (71 Pcs) 2024051290
CJ-II Kuwana DBC Japan 6,806/48/137 T. CRC/EYE 2024051232 Up Coils/P Cargo
CJ-IV TBC Princess Coral Shpg. 10,805/20,530 T. Lime 2024051244 Stone/Dolomite In Bulk
2024051246
2024051295
2024051249
27/05-AM Maersk Karun 421W 4041797 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
30/05 29/05-PM Box Endeavour 29 4051943 Unifeeder
JAPAN, CHINESE PORTS & AUSTRALIAN PORTS In Port —/— Buxwave 421E 4051844 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 28/05 02/06
28/05-AM Beijing Bridge 2403 4051860 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC) 29/05 31/05 31/05-AN Northern Guard 923E —/— Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16)
TBA —/——/— Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1) TBA Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (FEX) TO LOAD FOR INDIAN SUB CONTINENT
27/05 27/05-AM Maersk Karun 421W 4041797 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
28/05 28/05-AM Beijing Bridge 2403 4051860 Global Feeder Sima Marine Karachi (CSC)
TBA —/——/— Asyad Line Seabridge Marine Karachi (REX)
25/05 Northern Guard (V-923E) Unifeeder Agency Nhava Sheva
27/05 Maersk Karun (V-421W) 4041797 Maersk India Nhava Sheva
27/05 Cap San Juan (V-421W) 4041787 Maersk India Jebel Ali
28/05 Beijing Bridge (V-2403) 4051860 MBK Logistix NhavaSheva 29/05 SM Neyyar (V-421) —/— Maersk India Jebel Ali 31/05 Maersk Cairo (V-422S) 4041798 Maersk India Port Qasim
31/05 30/05-1800 Maersk Seletar 421W 24179 Maersk Line Maersk India Algeciras
07/06 06/06-1800 Maersk Hartford 422W 24182
29/05 29/05-0500 GSL Nicoletta 422E 24167 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 30/05 05/06 05/06-0500 AP Moller 423E X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 06/06 Sinokor / Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan
30/05 30/05-0700 One Hangzhou Bay 055E 24170 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 30/05
01/06 01/06-0900 MOL Creation 092E 24178 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 02/06
30/05 29/05-1800 Aka Bhum 021E 24175 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 31/05 02/06 01/06-1900 Torrance 27E 24172 Gold Star / RCL Star Shpg/RCL Ag. (CIXA) 03/06
02/06 02/06-0300 San Francisco Bridge 072E 24177 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 03/06
04/06 04/06-0900 X-Press Antlia 24003E 24184 ONE ONE (India) (TIP) 05/06 04/06 04/06-1200 Beijing 102E COSCO COSCO Shpg. Singapor, Cai Mep,Hongkong, Shanghai,Ningbo,Shekou, Nansha (CI1) 05/06 TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS
31/05 30/05-1800 Maersk Seletar 421W 24179 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 01/06 31/05 31/05-1000 SM Neyyar 0421E24180 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)
04/06 04/06-0300 Seaspan Jakarta 0422E
TO LOAD FOR INDIAN SUB CONTINENT PORTS & COASTAL SERVICE
29/05 29/05-0500 GSL Nicoletta 422E 24167 Maersk Line Maersk India Colombo. (NWX)
29/05-1800 SSL Bharat 155 SLSSLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1)
30/05 29/05-1800 Aka Bhum 021E 24175 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)
01/06-1900 Torrance 27E 24172
24003E
04/06-1200
Vessel’s Name Voy VCN
Swedish Kroner 7.82757.84257.66507.6600
Canadian Dollar 61.077561.200060.152560.1100
Australian Dollar 55.425055.535054.310054.2725
Singapore Dollar 62.230062.355060.925060.8825
Hong
NOTICE TO CONSIGNEES
m.v. “MSC PILAR VI” Voy : IV421A
I.G.M. NO. 2377803 Dtd. 24-05-24 Exch rate 86.02
The above vessel has arrived on 26-05-2024 at MUNDRA PORT with Import cargo from HOUSTON. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
The above vessel has arrived on 26-05-2024 at MUNDRA PORT with Import cargo from HOUSTON, NORFOLK. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
The above vessel has arrived on 26-05-2024 at MUNDRA PORT with Import cargo from CAUCEDO,
CAPE TOWN.
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 :
to 616100 (Board) E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com H. O. & Regd.
MUMBAI: JSW Infrastructure
Limited and A.P MØLLER CAPITAL, (“APMC”) have signed a non-binding Memorandum of Understanding (MOU) to explore and evaluate the possibility of collaborating and cooperating with each other to inter alia pursue value accretive organic
and inorganic opportunities in the port and related infrastructure sector. The endeavour is to work together to form a platform in the form of an incorporated joint-venture (referred to as “Platform”) and employ the joint expertise and resources inter alia to acquire, develop, finance, and operate a portfolio of assets in the ports and logistics infrastructure related sectors in India. The intent is for each
party to invest significantly in the Platform subject to mutually agreeing terms in the future.
[The Platform will be held 51% by the Company and 49% by APMC Any opportunity identified and agreed by the Parties, (“Project”) will be subject to a feasibility study to
commercial and operational viability of each Project].
HYDERABAD: Bilateral trade between US and India has the potential to touch US$ 500 billion over the next five years, US Consul General in Hyderabad Jennifer Larson said here recently Speaking at a session on ‘Global Alliances: Strengthening Economic Bridges’ organised by the FICCI Ladies Organisation (FLO), Larson said sectors that could see increased cooperation include pharma, IT, defence manufacturing, multi-brand retail, among others.
She said nearly 200 US companies have a presence in Hyderabad and
this number is only expected to go up further Apart from business ties, Larson said education too is a top priority area as about US$ 9 billion is contributed annually to the US economy by Indian students.
She said the number of Indians studying in the US is increasing by the year with 40% of Indian students in America are now Telugu, which is also the fastest-growing language in the USA.
B r i t i s h D e p u t y H i g h Commissioner for Telangana & AP Gareth Owen said India is the UK’s 12th largest trade partner, which they
want to strengthen to the 10th position. He too pointed out that UK is an educational destination for many Indian students with about 1.3 lakh of them currently studying there.
D e n i s e E a t o n , T r a d e & Investment Commissioner for Austrade in South Asia, said India and Australia are natural partners, with Australia strong in critical minerals and India a fast developing battery m a n u f a c t u r i n g m a r k e t . F L O chairperson Priya Gazdar said bilateral trade between India and US has grown nearly time times since 2001 to US$200 billion in 2023.
THIRUVANANTHAPURAM:
With a few months remaining to start the commercial operation of the first phase of the Vizhinjam International Seaport, the state govt has initiated proceedings to obtain environment clearance for the second and third phases of the project, which include the extension of the breakwater, berth, and yard reclamation.
The Kerala State Pollution Control Board is all set to conduct a public hearing on June 19 at Vizhinjam as part of the first step to obtain clearance. The people from Kottukal and Vizhinjam villages will be invited to the hearing. The total cost of the second and third phases is estimated to be Rs 9,540 crore.
As per the notification issued by the pollution control board, the consultant for the environment i m p a c t a s s e s s m e n t s t u d y i s L&T Infrastructure Engineering Ltd. The hearing will be held in an
auditorium at Kalluvettankuzhy, near Vizhinjam. The purpose of the hearing is to gather input from the local community regarding potential sources of pollution and their effects o n v a r i o u s a s p e c t s o f t h e environment, including land, air, noise, water, and the biological environment.
During the hearing, residents who have concerns about the project will have the opportunity to voice their apprehensions either verbally or in written form. This process aims to ensure that the opinions and worries of the local population are taken into c o n s i d e r a t i o n a s p a r t o f t h e environmental impact assessment “Public hearings are a statutory process for all projects before presenting the report to the Centre. This will be a platform for all people to record their views and suggestions about the second and third phases of the project The pollution control
board is facilitating it by presenting the executive summary of the project. Fo l l o w i n g t h e h e a r i n g , t h e suggestions will be examined in detail, and a report will be prepared. That report will be submitted to the Centre to obtain clearance. The proceedings are going on at a fast pace,” said Sreekumar K Nair, CEO, Vizhinjam International Seaport Ltd.
M e a n w h i l e , a l l 3 1 c r a n e s , including eight ship-to-shore cranes, for the first phase of operations have been installed at the port. Zhen Hua34, the ship that brought the four cranes, is expected to return on Thursday or Friday One more cantilever rail-mounted gantry crane (CRMG) has to be installed, which will be done later While the 2,960-meter breakwater has been completed, the first phase of the 800-meter berth is also in its final stage, with 720 meters completed so far
1. The maximum permissible draft in the channel is 14.50 m. However, maximum permissible drafts at individual Berths, moorings and anchorages will applyseparately
2. Container vessel upto 330 m can be handled with a draft of 14.0 m, subject to availability of tide. For other cargo ships with LOA more than 270 m can be brought inside to Kandla creek under special conditions.
3. (a) Ships and tankers exceeding 225.5 m will have a minimum under keel clearance of 1.2m (b) Berthing of vessels beyond 225.5 m in length shall be done between panels 52 to 85 of Cargo Jetties
4. Ships and tankers having maneuverable speed of less than 9 knots through water will not be moved in and out of Kandla Port during dark hours. However, this condition is not applicable to Tugs/Barges
5. Berthing and un-berthing vessels and tankers to Buoy moorings will be restricted to daylight hours only
6. Vessel will not be permitted to anchor at Kandla Creek inner anchorage except in case of emergency
7. Minimum tide of 6 m is required for handling vessels with draft 14.5 m.
8. Vessels with a departure draught of 10.5 m. or more should be brought starboard side alongside on the flood tide as far as possible to prevent delay in sailing to await change of tide. In case the vessel is portside alongside due to any reason, she may be turned around to face the flood during the stay at berth whenever practical.
9. The draught, length and DWT etc. at various berths are given below. The draught shown at various berths are indicated for the chart datum depth unless stated otherwise-
i. Oil Jetty No.1 Oil Tankers drawing upto 10.6 m draught with LOA upto 185 m and DWT upto65,000 tonnes.
ii. Oil Jetty No.2 Tankers upto LOA183 m, DWT upto 52,000 tonnes and maximum draught of 10.3 m shall be allowed for berthing.
iii. Oil Jetty No. 3 a. Tankers drawingup to 10.6 m LOA upto 213.4m and DWT upto 40,000 tonnes
b. If a tanker of 213 m is berthed at Oil Jetty No. 2, the length of the vessel at Oil Jetty No. 3 shall not exceed 183m
iv Oil Jetty No. 4 Oil tankers drawing upto 10.70m draught LOA upto 216 m and DWT upto 56,000 tonnes are permissible.
v. IFFCO Jetty Tankers upto LOA 216m, DWT 45,000 tonnes with the draught of 9.5 m shall be permitted for berthing. Additional advantage of upto a maximum draught of 10.7 m shall be allowed depending upon the height of next low water
vi. Oil Jetty No.6 (IOCL) Ships drawingup to 10.1m draught, LOA upto 216 m and DWT upto 45,000 tonnes shall be permitted.
vii. Oil Jetty No. 7 Ships drawing upto13.0 m draft, LOA upto 230 m and DWT upto 65,000 tonnes
NOTE: The draught at Oil Berths are available at minimum tide. However, higher draughts upto a maximum of 10.4 m unless mentioned otherwise may be allowed upon an undertaking that the draught of the vessel will be reduced to the permissible draught of the berth before the next low water. This will be on individual cases depending on the tide of the day 10. Cargo Berths The Permissible draft and dead-weight berth-wise at cargo jetty at deendayal port are as under :
NOTE
Suitable tidal
K A B U L : I n a s i g n i f i c a n t
d e v e l o p m e n t , T a l i b a n spokesperson Zabihullah Mujahid has voiced strong support for the Chabahar Port, ter ming it an alternative to Pakistan’s Karachi Port for Afghanistan’s trade needs Mujahid’s endorsement comes weeks after India and Iran signed a 10-year contract on the development of the port
“Afghanistan heavily relies on Pakistani ports like Karachi for its imports and exports However, Chabahar offers an alternative route, reducing Afghanistan’s dependence on a single corridor and enhancing its economic independence,” Mujahid stated.
T h e Ta l i b a n s p o k e s p e r s o n emphasised that the Port, located in
southeastern Iran and developed with Indian assistance, facilitates trade diversification.
“Chabahar Port facilitates trade diversification by providing access to India, Central Asia, and beyond. This diversification is crucial for Afghanistan’s economic stability and growth,” he noted.
The port’s strategic location allows Afghanistan to engage with multiple trading partners and get access to the vital Indian Ocean.
He highlighted that Chabahar offers enhanced trade connectivity, w h i c h i s t r a n s f o r m
Afghanistan.
“Chabahar Port represents a transformative opportunity for Afghanistan, offering enhanced trade c
integration,” Mujahid remarked.
The port is also seen as key to the International north-south transport corridor, that is Mumbai to Moscow via Tehran, Baku etc. M
infrastructure to maximise the benefits of Chabahar Port.
“Efforts to improve and expand connectivity networks, such as roads and railways, are essential for s
Chabahar,” he said.
I
Afghanistan signed a trilateral agreement to develop Chabahar Port as a vital transportation and trade corridor.
MUMBAI: Revenue growth of road transport fleet operators is expected to double to 9-11 per cent this fiscal, riding on better domestic demand amid tepid exports, CRISIL Ratings said.
It further said operating margin is seen improving 75-100 basis points on better fleet utilisation and steady fuel costs.
According to the rating agency, the credit profile of operators should
remain strong as well, as they may look to moderate capital expenditure (capex) towards fleet expansion, following strong additions in the past three fiscal years, as new guidelines for air-conditioned driver cabins kick in the next fiscal year Fleet operators expanded their fleet size by 60% in the three fiscal years through 2024, as demand recovered sharply post the Covid-19 pandemic and returns from fleet additions were immediate.
“ W i t h f o c u s n o w o n consolidation of operations, fleet additions would moderate to 15% of the existing fleet size this fiscal, on a significantly expanded base,” it said CRISIL Ratings said the Ministry of Road Transport and H i g h w a y s m a n d a t e o f a i r conditioned cabins for drivers from October 2025, would lead to nominal capex, if operators decide to retrofit older vehicles
NEW DELHI: India's coffee exports rose by 12.22 per cent to USD 1.28 billion in 2023-24 on higher demand for Robusta coffee in the global markets, according to the commerce ministry data. The country exported coffee worth USD 1.14 billion in 2022-23.
India is Asia's third-largest
producer and exporter of coffee. The country grows Arabica and Robusta varieties.
Arabica coffee beans have less caffeine content than the Robusta Arabica has sweet and smoother taste, while Robusta is generally more bitter and harsher on the taste buds.
In volume terms, coffee shipments from India rose 13 35 per cent to 1,25,631 tonnes during the JanuaryMarch period of 2023-24. The country had exported 1,10,830 tonnes of coffee in the same period in 2023.
Italy, Russia, the UAE, Germany and Turkey are major coffee export destinations for India.
NEW DELHI: According to latest d a t a o f C o m m e r c e D e p t , smartphones are now the fourthlargest export item from India with 42 per cent growth to $15.6 billion in FY24, up by one notch in the ranking from the preceding year.
India started collecting data for smartphones separately from April 2022. While India’s top export items a r e d o m i n a t e d b y p e t r o l e u m products, smartphones replaced motor gasoline to become the fourth-largest exported commodity in FY24.
The commerce department data shows that the spike in smartphone exports was driven by a 158 per cent increase in shipments to the US at $5.6 billion, followed by the United A r a b E m i r a t e s ( $ 2 6 b i l l i o n ) , the Netherlands ($1.2 billion), and the UK ($1.1 billion). The value of mobile devices produced in India for both export and domestic markets in FY24 soared to Rs 4.1 trillion ($49.16 billion), up at least 17 per cent year-on-year (Y-o-Y), according to preliminary estimates by the Indian Cellular and Electronics Association (ICEA),
which represents most of the mobile players in the country
Smartphones have been a key success story of the government’s production-linked incentive (PLI) scheme, helping India become the s e c o n d - l a r g e s t m o b i l e p h o n e manufacturing country, after China. It has also been a key instrument in the China-Plus-One strategy, which is focused on leveraging the geopolitical tensions between that country and t h e U S t o w o o c o m p a n i e s manufacturing in China and persuade them to shift to India.
NEW DELHI: The share of Passenger Vehicle (PV) exports relative to total production in India reached its lowest in a decade in 2023, notwithstanding the government’s ambitions to transform the country into a global auto manufacturing hub, according to the latest data from BNP Paribas.
India’s share of production geared for export is the lowest in Asia, trailing South Korea, Thailand, Japan, and
Indonesia. In 2023, exports accounted for just 13 per cent of total PV production in India, down from 14 per cent in 2022 and a significant drop from the pre-pandemic level of 18 per cent in 2019. The peak was in 2014, with exports comprising 19 per cent of production, a record that remains unbroken, the data revealed
By contrast, in 2023, Japan exported half of its car production, South Korea 66 per cent, Thailand 61 per cent,
and Indonesia 18 per cent. R C Bhargava, Chairman of Maruti Suzuki, attributed India’s declining export share to its lack of competitiveness in larger car segments: “For exports, you require bigger cars, in which India does not have economies of scale to be globally competitive What we have exported are smaller cars, and our volumes have gone up from 100,000 in 2014 ”
N E W D E L H I : T h e I n d i a n economy closed FY24 strongly with its g r o w t h s u r p a s s i n g m a r k e t expectations, despite strong external h e a d w i n d s , f i n a n c e m i n i s t r y economists said, adding that early indications suggest a continuation of the economic momentum during the first quarter of FY25.
The GDP number for the March quarter, which will be released on May 31, is expected to be better than anticipated with analysts pegging it at 6.8%. So, the full year FY24 may turn out to be slightly better at 7.8% than the 7.6% projected by the National Statistical Office.
The emerging robust trends in
important high-frequency indicators of growth like the GST collections, e-way bills, electronic toll collections, s a l e o f v e h i c l e s , p u r c h a s i n g managers’ indices and the value and number of digital transactions attest to the growing strength of the economy, according to finance ministry’s monthly economic report.
LONDON: Drewry’s composite World Container Index increased 16% to $4,072 per feu this week, sustaining remarkable increases recorded throughout May and pushing box shipping back towards the all-time highs of the covid era earlier this decade.
A constrained supply picture due to Red Sea rerouting and healthy d e m a n d t r e n d s i n s e v e r a l geographies have prompted an early start to peak season volumes leading to rates on the main east-west trades leaping this month to levels not seen since September 2022. The latest boom has been across nearly all routes with the s t r e n g t h s p r e a d i n g t o L a t i n America, Africa and intra-Asia
“We are entering pandemic-level territory,” commented Lars Jensen, founder of container advisory Vespucci Maritime, in a post on LinkedIn yesterday, noting that it was only during the covid era that liner shipping experienced similar
extreme increases over a three-week period.
“The current market dynamic is somewhat similar to the 2021/2022 period which started with a sudden jump in demand, leading to a constrained fleet, then leading to box shortages, leading to congestion and then to record-level spot rates,” analysts at Jefferies, an investment bank, recounted in a recent note to clients, adding: “This year has begun with a sudden change in trader patterns, leading to a constrained fleet, which is now leading to box shortages Congestion remains moderate at the moment though that may change as shippers/retailers scramble to book availability; meanwhile spot rates are already at all-time highs excluding the record 2021/2022 period.”
The Shanghai Containerized Freight Index (SCFI) published recently – another key spot index –c l i m b e d 7 2 5 % l a s t w e e k
o 2,703.43 points, its highest point
since September 2022.
“Unseasonal increases in demand for ocean freight out of Asia – due to the possible start of a restocking cycle in Europe, and a pull forward of peak season demand by North American importers out of concern over labour or Red Sea disruptions later in the year – are putting additional strain on a container market already stretched thin by Red Sea diversions,” noted Judah Levine, head of research at Freightos, a box booking platform.
“The barrage of general rate increases (GRIs) by major liners in April and the 1st and 15th of May have also contributed to the spot freight rate surge,” observed a new report from UK consultancy Maritime Strategies International (MSI) Another factor leading to the surge picked up by MSI has been bad weather at Chinese ports this month.
Analysts at Alphaliner are forecasting liners will report Q2 profits that surpass the healthy figures already outlined in Q1.
India’s forex kitty reaches new high of $648.7 bn
MUMBAI: India’s forex reserves jumped $4.549 billion to a new all-time high of $648 7 billion for the week ended May 17, the Reserve Bank said on Friday
This is the third consecutive week of increase in the overall kitty, which had increased by $2 561 billion to
$644.151 billion in the previous reporting week ended May 17.
For the week ended April 5, the reserves had hit an all time high of $648 562 billion following multiple weeks of increases.
G
$1 244 billion to $57 195 billion
during the week, the RBI said.
The Special Drawing Rights (SDRs) were up $113 million to $18.168 billion, the apex bank said.
India’s reserve position with the IMF was down $168 million to $4.327 billion in the reporting week, the apex bank data showed.
GENEVA: MSC actively participated in the 11th edition of the Africa CEO Forum, held in Kigali, Rwanda on 16-17 May 2024.
Under the theme ‘At The Table or on The Menu: A Critical Moment to Shaping The Future of Africa’, the forum gathered prominent leaders including presidents, business leaders, CEOs, investors, and government officials to discuss critical economic issues facing the continent
Nicolas Sartini, Senior Vice President of Business Development at MSC, represented the company’s senior leadership team. He participated in an important panel discussing 'AfCFTA: Scaling Intra-African Trade in a Decisive Decade', where he emphasised MSC's unwavering commitment to bolstering Africa's economic landscape through substantial investments.
Mr Sartini highlighted MSC's robust presence across Africa, with operations in over 45 countries and facilitating over 80 weekly port calls at 62 different ports. This extensive network not only connects Africa to the globe but also fortifies intra-continental trade through strategic investments in port terminals located in Togo, Côte d’Ivoire, Nigeria, and Namibia.
Despite the progress in intra-African trade, challenges persist, notably in the areas of transport logistics, tariff regulations, and skilled workforce development. Mr Sartini shared that intra-regional exports currently account for only 18% of total exports—a stark contrast to regions like Europe and Asia Pacific, where intra-regional figures stand at 71% and 55% respectively. This disparity underscores the tremendous growth potential for intraAfrican trade, which could be unlocked by addressing critical logistical and regulatory bottlenecks.
At the forum, Mr. Sartini expressed optimism about overcoming these challenges, advocating for enhanced cooperation and more robust infrastructure to facilitate
the movement of trade-ready goods across the continent. He called for accelerated efforts to improve transport links and streamline tariff structures to boost intraAfrican trade efficiency.
During the Africa CEO Forum, MSC also announced the launch of our new office in Kigali. This strategic expansion is a testament to MSC's long-term commitment to fostering economic growth and enhancing the trade capabilities of the region. The new Kigali office will serve as a key hub for MSC’s operations in East Africa, ensuring greater responsiveness to local market needs and strengthening our service offerings across the continent. This new establishment aligns with MSC’s enduring strategy to deepen our presence in all African markets and support the ongoing development of more robust trade networks within and beyond Africa.
MSC’s active participation at the Africa CEO Forum reflects our commitment to engaging with key stakeholders and contributing to meaningful discussions that aim to shape a prosperous future for Africa. Through continued investment and collaboration, MSC remains dedicated to enhancing the supply chains and economic integration essential for Africa's growth and global trade competitiveness.
L O N D O N : T h e G e m i n i cooperation agreement between Maersk and Hapag-Lloyd will rely heavily on a small number of transhipment hubs to support its new network The operational performance of several of the terminals is assessed to be world-class in terms of intensity of asset use, but Drewry highlights that strong performance will be essential if the hub-and-spoke strategy is to succeed.
Since the announcement by MSC and Maersk in January 2023 that the 2M alliance would end in early 2025, the industry has been watching and wondering how each partner will “go it alone” on the major trade lanes covered by the agreement.
As it turns out, Maersk will not be setting out solo, having announced in January 2024 that it will instead enter into a new cooperation agreement – Gemini – with leading German carrier Hapag-Lloyd which will take effect in February 2025, immediately after the end of the 2M alliance.
The Gemini cooperation agreement covers seven trades – A s i a / U S W C , A s i a / U S E C , A s i a – / M i d d l e E a s t , Asia/Mediterranean, Asia/North Europe, Middle EastIndia/Europe and Transatlantic. The network comprises 26 mainline services supported by 32 dedicated shuttle routes.
The planned network streamlines the number of port calls in each region with the aim of reducing disruption. As a result, the loops are focussed heavily on ‘hub & spoke’ transhipment hubs supported by high-capacity dedicated shuttle loops that link the regional hubs with other gateway ports. In total, the mainline services will call at only 56 ports, with a further 29 ports served by dedicated shuttles.
In the recently published Ports and Terminals Insight report, Drewry takes a deep dive into the planned network to
look at the selected hub terminals and assess their readiness to support the shuttle feeder strategy.
The services operated under the Gemini cooperation agreement will make extensive use of 15 hub ports (see map). APMT operates terminals in eight of the selected ports, with Hapag-Lloyd having operational terminals in two of the ports while investing in a third. The high level of ownership across the hub port network provides the partners with a greater degree of control over operational management and investment plans – both of which will be key to the success of the hub-and-spoke strategy the partnership will employ
Several of the selected hub ports are already world leaders in terms of operational performance – APMT’s facilities in Tanger Med are both handling over 2,000 teu per metre of quay and more than 200,000 teu per crane, as is APMT Salalah. Tanjung Pelepas, Singapore, East Port Said and Algeciras – all of which handle high levels of transhipment – also rank highly in Drewry’s annual survey of terminal performance.
Capacity expansion projects across the network are also well advanced at the hub ports where utilisation levels are high. The pipeline of investments is spread across physical expansion of terminal assets (e.g. Rotterdam, East Port Said, Tangier MedPort), upgrade of capability to handle ULCVs (e g Bremerhaven, Salalah) and automation /digitalisation initiatives (e.g. Wilhelmshaven, Shanghai).
While the use of high-capacity dedicated shuttle services will facilitate efficient use of yard space at the hub ports, any repeat of the supply chain disruption seen in 2021-22 will put the Gemini network strategy under extreme pressure. The hub ports will need to provide sufficient buffer storage to make up for any mainline or feeder vessel delays.