PORT OF THE YEAR (CONTAINERISED AND NON CONTAINERISED)
SHIPPING LINE OF THE YEAR- CONTAINER OPERATOR
SHIPPING LINE OF THE YEAR- GUJARAT USA TRADE LANE
SHIPPING LINE OF THE YEAR- GUJARAT FAR EAST TRADE LANE
SHIPPING LINE OF THE YEAR- GUJARAT MIDDLE EAST TRADE LANE
OPERATOR OF THE YEAR
SHIPPING AGENT OF THE YEAR
Volume handled, Year on Year Growth, Expansion Plans, New Initiatives, and Variety of Cargo Handled.
No. of Services from Gujarat Region only, Commencement of New Services, Widest Sector Coverage, Volume & Year on Year Growth.
No. of Services to USA Ports from Gujarat Region only, Commencement of New Services from Gujarat, Volume & Year on Year Growth.
No. of Services to Far East Ports from Gujarat Region only, Commencement of New Services from Gujarat, Volume & Year on Year Growth.
No. of Services to Middle East Ports from Gujarat Region only, Commencement of New Services from Gujarat, Volume & Year on Year Growth.
Volume handled in TEUs, Year on Year Growth & Customer Satisfaction
Volume handled in TEUs for containerised, MT for Dry Bulk / Liquid / AINERISED / NON-CONTAINERISED)
OF THE YEAR - GUJARAT MIDDLE EAST TRADE LANE
NVOCC OF THE YEAR – GP / ISO TANKS
FREIGHT FORWARDER OF THE YEAR - CONTAINERS / MULTICARGO
FORWARDER OF THE YEAR - COASTAL CARGO
CONTAINER FREIGHT STATION OF THE YEAR
Break Bulk, Year on Year Growth, Products / Services offered, Network & Customer Satisfaction.
Volume handled in TEUs in Middle East Sector, Year on Year Growth, Global Reach, Commencement of New Services & Customer Satisfaction.
Volume handled & Year on Year Growth.
Volume handled in TEUs for Containerised & in MT for Multicargo, Year on Year Growth, Variety of Cargo handled.
Volume handled, Year on Year Growth & Commodities handled.
Volume handled, Year on Year Growth, Introduction of New Customer
OWNER, SPECIFIC Friendly Facilities, Turnaround time of Export & Import Containers, Customer Satisfaction.
LCL CONSOLIDATOR OF THE YEAR (EXPORT & IMPORT)
CUSTOMS BROKER OF THE YEAR
CUSTOMS BROKER OF THE YEAR – BREAKBULK/LIQUID
MARINE CARGO SURVEYOR OF THE YEAR
TRANSPORT OPERATOR OF THE YEAR
END TO END COMPLETE LOGISTICS SOLUTIONS PROVIDER
ACILITATOR OF THE YEAR
LOGISTICS COMPANY OF THE YEAR*
LOGISTICS SOLUTION PROVIDER OF THE YEAR*
ENTREPRENEUR OF THE YEAR*
LOGISTICS PERSONALITY OF THE YEAR*
PERSONALITY OF THE YEAR IN CFS*
ENTREPRENEUR OF THE YEAR*
SHIPPING AND LOGISTICS PROFESSIONAL OF THE YEAR*
ACHIEVEMENT AWARD
For SPECIFIC : Volume Handled in per Unit Area.
Volume handled in CBM & Year on Year Growth.
Volume, Number of B/E & S/B Filed & Year on Year Growth.
Number of B/E & S/B Filed, Volume handled in MT for Liquid & Breakbulk, Year on Year Growth & Customer Satisfaction.
Volume Handled, Year on Year Growth & Customer Satisfaction.
Fleet, Volume Handled, Year on Year Growth & Customer Satisfaction.
FCL/LCL Volumes, Year on Year Growth, Network, Variety of Services offered, Accreditation (If any), Customer Satisfaction.
Volume handled in MMT, Year on Year Growth, Infrastructure, Variety & Volume of cargo handled, initiatives taken towards Port Development & Customer Satisfaction.
Successful diversification in Multiple Logistics segment & related activities.
Successful diversification in Multiple Logistics segment & related activities.
Exceptional contribution to the growth and expansion of the Organisation in his / her field.
Exceptional contribution to the growth and expansion of the Organisation in his / her field.
Exceptional contribution to the growth and expansion of the Organisation in his / her field.
Exceptional contribution to the growth and expansion of the Organisation in his / her field.
Exceptional contribution to the growth and expansion of the Organisation in his / her field.
No Nomination Required.
* Suggestions are welcome.
J M Baxi receives Global Recognition for its Growth Momentum
Cont’d. from Pg. 4
J M Baxi has been ranked 22nd in the IC Transport 50 list for 2024, which showcases the world’s leading specialized transport companies. This recognition reflects our commitment to "creating opportunities" for growth and innovation in the industry.
What makes this even more special is that J M Baxi is one of only two Indian companies to earn a spot on this prestigious global list. With a remarkable 13.5% year-onyear increase in transport capacity, J M Baxi climbed
from 41st place in 2021 to 22nd today, solidifying our role as a key player in the specialized transport industry. This is also showcases the ability to scale operations and deliver value.
This milestone highlights how J M Baxi continues in creating opportunities for progress in logistics, ports, and cargo operations while contribute meaningfully to India’s maritime ecosystem. “It’s a moment of pride for all of us at J M Baxi as we look forward to building on this momentum and delivering even greater value to our clients and partners worldwide,” informs a recent media statement from the company
DPA Kandla reaffirms its commitment to Constitutional values
GANDHIDHAM: Deendayal Port Authority, Kandla reaffir med its commitment to constitutional values on National Constitution Day 2024
Shri Sushil Kumar Singh, IRSME, Chairman-DPA, led the reading of the Preamble, joined by the Dy. Chairman, HoDs and a large gathering of officers & employees.
APM Terminals Pipavav signs 25-yr pact with CleanMax to source power
PIPAVAV: APM Ter minals Pipavav (Gujarat Pipavav Port Ltd), has announced a partnership with CleanMax, one of Asia’s leading renewable energy provider for the Commercial and Industrial (C&I) sector and a Brookfield backed c o m p a n y T h i s p a r t n e r s h i p r e i n f o r c e s A P M Te r m i n a l s Pipavav’s commitment towards sustainability by reducing its carbon footprint.
The two companies have signed a 2 5 - y e a r P o w e r P u r c h a s e Agreement (PPA) for a hybrid WindSolar Power Project in Gujarat This strategic alliance represents APM Terminals Pipavav’s mission to fulfill its industry-leading commitment to achieve full net-zero status by 2040, as well as to reduce its scope 1 and 2 emissions by 65% by 2030, relative to 2022 levels. APM Terminals Pipavav has made the deliberate and comprehensive decision to pursue net-zero operations, acting in the best interests of its stakeholders, including its employees, customers, the environment, and its business operations. Consequently, APM Terminals Pipavav has emerged as a catalyst within the port industry, encouraging other industry participants to adopt similar environmentally responsible practices.
about 3,822 metric tonnes of CO2 emissions annually – equivalent to planting over 2.24 lakh trees each year. By adopting this clean energy approach, APM Terminals Pipavav is not only reducing its carbon footprint but also aligning with global sustainability targets.
Girish Aggarwal, Managing Director of APM Terminals Pipavav (GPPL), said, “This p a r t n e r s h i p w i t h C l e a n M a x demonstrates our decarbonization efforts for the maritime industry We are the first company in our industry to have our climate targets officially validated by the Science Based Targets initiative (SBTi), a globally recognized authority on climate responsibility The association with CleanMax ensures we not only meet our renewable energy targets but also contribute meaningfully to India’s larger environmental goals. This further adds to our commitment to achieve full net-zero status by 2040.”
The project, featuring a total capacity of 3.50 MW Wind and 1.06 MWp Solar under the Third-Party Open Access model, was implemented in two phases: the first in January 2022 (2 MW Wind and 0.50 MWp Solar) and the second in September 2024 (1.50 MW Wind and 0.56 MWp Solar).
This hybrid energy solution will deliver approximately 54 lakh kWh/units of electricity annually to APM Terminals Pipavav’s port operations in Amreli, Gujarat, helping avoid
Kuldeep Jain, Managing Director of CleanMax, shares his insights, “India’s maritime industry plays a critical role in driving economic growth, trade, and job creation. By transitioning to renewable energy, key infrastructure like ports can lead the way in demonstrating sustainable operations. Our partnership with GPPL highlights how CleanMax is helping industry leaders embrace clean energy solutions, ensuring long-term energy security and operational efficiency while significantly reducing carbon footprints. By combining wind and solar, we’re able to offer continuous power generation and reliability that will enable GPPL meet their sustainability targets effectively.”
m.v. “MSC FATMA” Voy : FD441E I. G. M. NO. 2393813 Dtd 25-11-24
The above vessel is arriving at MDPT (MUNDRA) with Import cargo from ANCONA, ASHDOD, BARCELONA, CASABLANCA, CIVITAVECCHIA, FOSSUR-MER, GENOA, GUAYAQUIL, HOUSTON, ISKENDERUN, ISTANBUL, LA SPEZIA, MERSIN, NEW ORLEANS, RAVENNA, SINES, SUAPE, VALENCIA, VENICE, VITORIA.
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 done in ODEX portal uploading all supporting documents
As Agents :
MSC AGENCY (INDIA) PRIVATE LIMITED
Office N307, 3rd Fl, New Port Users Bldg NO. 5-A-1 Navinal Island, Kutch, Mundra - 370421, (INDIA) Tel. : +91 2838615501 • Telefax : +91 2838271003
Ahmedabad Tops in Warehousing transactions in Q3 : Report
AHMEDABAD: Ahmedabad has registered a 129% increase in warehousing transactions in the third quarter of the current calendar year, which is the highest among the top eight cities in the country, said a report by real estate consultant Knight Frank India.
Ahmedabad also registered the highest growth of 55% among the top eight cities of the country, according to the report. The city also saw an average 4% increase in rent.
“Ahmedabad and Kolkata experienced a significant spike in transaction activity in Q3 2024, with volumes growing at a steep 129% and 122% year-on-year during the period,” the consultant’s report said.
“This spike in volume during the quarter has pushed the transaction share of both markets to 13% each in Jan–Sep 2024, compared to 9% each during the same period last year,” said Knight Frank India’s report titled ‘India Warehousing Market Report – Q3 2024.
The report cited that warehouse transactions across eight key Indian markets reached 14.65 million square feet (mn sq ft) in Q3 2024 (July–Sep). Notably, 41% of these transactions involved Grade A spaces.
The manufacturing sector outperformed the third party logistic sector (3PL) in leasing volume, marking a significant shift, as third party logistic sector has traditionally dominated the Indian warehousing market. Manufacturing industries accounted for 37% of total transactions, leasing 14 mn sq ft from January–September 2024.
The market regained momentum in Q3 2024, with 14.65 mn sq ft transacted, reflecting a 20% year-on-year growth.
Year-to-date transaction volumes reached 37.54 mn sq ft in the first nine months of 2024, marking a 4% yearon-year increase as occupiers steadily expanded their footprint.
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
TODAY’S TIDE 28/11/2024
00:38 6.11
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Nalinee Naree Synergy —
CJ-II Grampus Ace GAC Shpg. 30/11
CJ-III Golden ID DBC 01/12
CJ-IV Iyo Sea Rishi Shpg. 01/12
CJ-V Thor Niramit Mihir & Co. 04/12
CJ-VI Iberian Bulker DBC 28/11
CJ-VII Xin Yi Hai 16 Cross Trade 30/12
CJ-VIII VACANT
CJ-IX Saronic Spirit Synergy 05/12
CJ-X Ocean Lady Taurus 30/11
CJ-XI VACANT
CJ-XII VACANT
CJ-XIII Propel Fortune Cross Trade 29/11
CJ-XIV An Chang Chowgule Bros 30/11
CJ-XV Fareast Harmony Port & Sea Expert 02/12
CJ-XVA Josco Dazhou Cross Trade 01/12
CJ-XVI Thalia Interocean 30/11
TUNA VESSEL'S NAME AGENT'S NAME ETD
Densa Seal Synergy 30/11
Porto Kioni Upasana Shpg. 01/12
Jimmy T Avantika Shpg. 01/12 Vishva Diksha ACT Infraport 30/11
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Sakura Spirit ISS Shpg. 29/11
OJ-II Madeiro
OJ-III Bow Titanium GAC Shpg. 29/11
OJ-IV Champion Concept Interocean 29/11
OJ-V VACANT
OJ-VI Success JMBaxi 29/11
OJ-VII Argent Gerbera Interocean 29/11
African Arrow 26/11
Mohsen Ilyas 26/11 Yemen
New Destiny 26/11 China
Obe Heart 26/11 Guinea
Pan Spirit 26/11
LMZ Pluto 26/11 Qatar
Anna M 26/11 Abidjan
APJ Jai 26/11
Ruby Confidence 27/11 Mombasa
AS Alexandria 28/11 Pipavav-CochinTuticorin-Kattupalli
Kiran Caspian 28/11
African Finfoot 28/11 USA
Farest Honesty 28/11
Mercury J 28/11 Sudan
Steamer's Name Agents Arrival on
Suvari Kaptan DBS 05/11
Dubai Knight DBC 11/11
Globe Cleopatra Interocean 12/11
Sofia K B S Shipping 13/11
White Fin Interocean 18/11
Sai Fortune Sai Shipping 05/11
Hangyang DBC 18/11
MO Joud DBC 19/11
Almeray Synergy 15/11
Ipanema Beach Synergy 20/11
Splendour Keelung JMBaxi 20/11
Dawn Interocean 19/11
Nalinee Naree Synergy 23/11
Squalin Island B S Shipping 24/11
Tai Honor DBC 25/11
CJ-XIV An Chang Chowgule
Stream Almeray Synergy
Stream Atlantis DBC
Stream Bomustafa O DBC Yemen
Stream Chemroad Journey GAC Shpg. USA
Bags
Bags
Rice Bags
Sulphuric Acid 28/11 Chola Treasure Trueblue Shpg.
Stream Dawn Interocean Abidjan
Stream Doctor O DBC
Stream Dubai Knight DBC West africa
Stream East Wind I Anline Shpg.
CJ-XV Fareast Harmony Port & Sea Expert
Stream Glamor Anline Shpg.
Stream Globe Cleopatra Interocean Dounan
CJ-II Grampus Ace GAC Shpg. Dammam
CJ-III Golden ID DBC Sudan
Stream Haj Mohamad DBC Hodeidah
Bags
Bags
Rice Bags
Bags INIXY124101348
Bags 28/11 Jag Rishi Mihir & Co.
Stream Janis Parekh Marine Nigeria
Stream Mars J DBC
Stream MO Joud DBC
Stream Nordic Houston Parekh Marine Umm Saqr
Tuna Porto Kioni Upasana Shpg.
CJ-XIII Propel Fortune Cross Trade
Stream
Stream
Stream
OJ-VI Success JMBaxi
Stream Suvari Kaptan DBC
Stream White Fin Interocean Dounan
28/11 Wooyang Queen Upasana Shpg.
Stream Woohyun Star GAC Shpg. Singapore
GENERAL CARGO VESSELS
Iyo Sea Rishi Shpg.
CJ-IX Saronic Spirit Synergy
CBM Aus P. Logs. Stream Splendour Keelung JMBaxi
Stream Tai Honor DBC
CJ-XVI Thalia Interocean
Tuna Vishva Diksha
J. Aus Logs INIXY124111666
SHIPS SAILED WITH EXPORT CARGO
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING
03/12 03/12-PM GSL Christen 448E 4114218 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX) 04/12 03/12 03/12-PM Inter Sydney 168 4114345 Interworld Efficient Marine China (BMM)
05/11 05/11-AM Wan Hai 511 95E 4114267 Heung A / WHL Sinokor (I) / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 06/12
TBA Asyad Line Seabridge Marine Haiphong, Laem Chaban, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
02/12 Norderney (V-89E) 4114375 ONE Line Jebel Ali 05/12 Wan Hai 511 (V-95E) 4114267 Wan Hai Line Nhava Sheva 11/12 Wadi Duka (V-2425) 4114390 Seabridge Marine Nhava Sheva
Coega. (MIDAS) Maersk Line Maersk India SM Neyyar (V-447) Jebel Ali 23-11-2024 Oshairij (V-2423W) Hamad 24-11-2024 Maersk Brownsville(V-447W) Colombo 25-11-2024
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
Legion 57E 2404138 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX)
12/12-PM HMM Promise 43E 2404292 Hyundai Seabridge Maritime Singapore, Da Chan Bay, Busan, Kwangyang, Shangai. (FIM EAST)
ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)
PIPAVAV PORT
03/12-2000 X-Press Phoenix 449E 24395 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 05/12 18/12 17/12-1900 GSL Nicoletta 451E 24388 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 19/12 Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 08/12 08/12-1100 Xin Da Yang Zhou 097E 24390 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 09/12 12/12 12/12-1400 Pusan 35E 24397 Gold Star / RCL Star Shpg/RCL Ag. (CIXA)
18/12 18/12-1100 Aka Bhum 025E
29/11 28/11-1800 Maersk Columbus 447W 24385 Maersk Line Maersk
SHIPPING MOVEMENTS AT ADANI HAZIRA PORT
Finance Ministry : Export may get impacted amid weakening demand in developed nations
NEW DELHI: India’s export recovery may face challenges due to softening demand in developed markets, the Ministry of Finance stated in its monthly report recently Merchandise exports registered moderate growth during the first seven months of 202425, attributed to weak external demand and a decline in international commodity prices.
Merchandise imports performed well, driven by strong domestic demand. A larger increase in imports compared to exports resulted in a widening trade deficit The trade deficit–the difference between exports and imports–expanded from USD 60.02 billion to USD 63.24 billion so far in 2024-25, marking an increase of 5.36 per cent.
During April-October 2024, India’s total exports stood at approximately USD 468.27 billion, reflecting a year-on-year increase of 7.28 per cent. The government remains optimistic about achieving its full-year export target of USD 800 billion. “After a brief moderation during the monsoon months, economic activity picked up in October Demand continues to grow steadily, as indicated by improving FMCG sales volumes in Q2 FY25 across both urban and rural areas,” the finance ministry noted.
On the inflation front, domestic retail inflation rose in October, primarily driven by elevated food prices in select vegetables.
“Supply disruptions caused by heavy rains in major
India’s Tyre exports see 12% growth in H1 FY25
MUMBAI: The tyre exports from the country has registered a 11.7 per cent growth during the first half (AprilSeptember) of FY 2024-25, reaching 12,131 crore in value, according to Automotive Tyre Manufacturers Association (ATMA), quoting data from the Commerce Ministry
ATMA attributed the growth to sustained investments in domestic R&D and manufacturing capabilities. Favourable demand prospects in global markets, coupled with anticipated monetary easing, provided a further boost.
Resilience of tyre industry
The rise in tyre exports in the first half of the year, despite a tough external environment, is a testament to the resilience of the Indian tyre Industry to ride through a challenging environment and carve a niche for itself, said Arnab Banerjee, its Chairman.
The compelling value proposition offered by the Indian tyre manufacturers on quality is being appreciated globally leading to a resurgence in demand after de-growth witnessed in export in the first half of the previous year, he added.
In volume terms, tyre exports rose 6 per cent with motorcycle tyres export going up 37 per cent. Nearly 3.5 million motorcycle tyres were exported during the first half. Colombia was the largest importer of motorcycle tyres from India. Passenger Car Radials (PCR) and Truck and Bus Radials (TBR) witnessed 18 and 19 per cent growth respectively in the first half of the year.
The US emerged as the largest importer of tyres from India accounting for 15 per cent of tyre export in value terms, followed by Brazil, Germany, UAE, France and Italy
Notwithstanding the upbeat performance, downside risks remain due to geopolitical tensions, supply chain disruptions and rising shipping costs However, Indian tyre manufacturers are well-positioned to navigate these challenges with their focus onqualityandinnovation,ATMAsaid.
producing states contributed to price pressures in tomatoes, onions, and potatoes. Elevated global prices also pushed up oil and fat inflation. However, a bumper kharif harvest is expected to reduce food inflation in the coming months. Favourable monsoon conditions, adequate reservoir levels, and higher minimum support prices are likely to boost rabi sowing and production,” the ministry stated.
Looking ahead, the inflation trajectory will largely depend on price movements in edible oils, tomatoes, onions, and potatoes. “On the positive side, early trends in November indicate significantly lower inflation for tomatoes and onions. The expected bumper kharif production is likely to ease food inflation in the months ahead,” it added.
India’s retail inflation stood at 6 21 per cent in October, exceeding the Reserve Bank of India’s upper tolerance limit of 6 per cent. After witnessing net inflows for five consecutive months, foreign portfolio investors turned net sellers in October. The finance ministry attributed this to heightened geopolitical tensions and recent developments in China, which led to significant withdrawals from Indian equities.
Foreign portfolio investors (FPIs) are likely to remain net sellers in Indian stock markets for the second consecutive month through November, following a four-month buying streak that ended in September
Rs 250-crore Sabroom Land Port to boost India-Bangladesh trade, set to begin operations in early 2025
SABROOM: The newly constructed land port in Sabroom, Tripura, is ready for operation, announced the Land Ports Authority of India (LPAI) Chairman, Aditya Mishra, announced on Tuesday, 26th Nov. This strategic infrastructure, located in the Gomati district near the Bangladesh border, is expected to begin operations by early 2025.
Signicance of the Sabroom Land Port
Mishra emphasized the importance of the land port for both India and Bangladesh, stating, “The land port at Sabroom adjacent to Bangladesh is ready for operation. We wanted to make it operational on August 14 but could not due to the political situation in the neighbouring country. However, we are hopeful it will be functional early next year.”
The port, built at an estimated cost of Rs 250 crore, is situated adjacent to Maitri Setu (Friendship Bridge) It aims to facilitate seamless bilateral trade and enhance tourism opportunities between the two nations
Infrastructure and Economic Potential
The Sabroom land port is strategically positioned to capitalize on its proximity to the Chittagong port in Bangladesh. It is anticipated to serve as a vital gateway for regional trade, offering efficient logistics and connectivity
•Trade Impact: Enhanced bilateral trade is expected to promote economic growth for both countries.
•Tourism Growth: The port’s proximity to major landmarks and connectivity with Maitri Setu could make the region a hub for cross-border tourism.
Future Outlook
With the infrastructure ready, the land port awaits final operational clearance, which depends on the resolution of certain political considerations with Bangladesh. The facility marks a significant milestone in India’s efforts to strengthen its trade and connectivity framework with neighbouring nations.
This development aligns with India’s broader agenda to improve regional cooperation and infrastructure under the Act East policy
Goa CM Pramod Sawant urges Sarbananda Sonowal for boosting trade from Mormugao Port
NEW DELHI: Chief Minister Shri Pramod Sawant emphasized the importance of increasing imports and exports at the Mormugao Port Authority (MPA) during his meeting with Union Shipping Minister Shri Sarbananda Sonowal in New Delhi. Sawant stressed the need for a future-focused plan to enhance trade, stating, “If imports and exports rise, other businesses will automatically flourish.”
During his visit, the Chief Minister also met with the Union Environment Minister to discuss the finalization of the Coastal Zone Management Plan (CZMP) and issues related to the Western Ghats Ecologically Sensitive Areas (ESA).
When asked about a potential cabinet reshuffle, Sawant dismissed political speculation, noting that no such matters were discussed, as party leaders are currently occupied with developments in the Maharashtra government formation.
The Vice Regal Palace, also known as the ‘Old Palace Hotel’ at Mormugao harbour, is on MPA property Sawant said that importers and exporters from Kolhapur and other areas near Goa can export and
import from Goa. “Sonowal has assured me he will visit the state and after holding discussions he will work on state govt’s proposal,” Sawant said. Among other issues concerning MPA, Sawant discussed the process of transferring the ruins of the historic Vice Regal Palace to the department of archaeology.
“The transfer would facilitate the restoration and preservation of this historically significant site, ensuring its protection for future generations,” Sawant said.
Shipping Industry facing one of its biggest challenge : Industry Experts
LONDON: The shipping industry is contending with a w o r l d w i d e s h o r t a g e o f seafarers, and it’s fueling a troubling mix of fake resumes, accidents at sea, and elevated freight rates.
“We have been seeing a c o n s i s t e n t s h o r t a g e o f seafarers,” Rhett Harris, Senior Manning Analyst at Drewry, told. Though the number of vessels has in recent years risen “exponentially” in the thousands per year, the manpower growth needed for those ships has not kept pace, he said.
ICS expects a shortfall of 90,000 trained seafarers by 2026, ICS told CNBC via email “Policymakers need to create national strategies to address the seafarer shortage,” the shipping organization said.
“It is vital that we actively recruit a more diverse workforce if we are to meet the shortfall of seafarers needed to keep the industry thriving, it is one of the biggest challenges our industry is facing at the moment,” said ICS.
“Companies have to employ seafarers with less experience than they would ideally like,” added Harris, who noted that those in the higher ranks, and engineers in particular, are in shorter supply than deck officers.
Houthi attacks in the Red Sea and the ongoing Russian-Ukraine conflict have resulted in a knock-on effect on the availability of skilled seafarers, experts told.
“Both Ukraine and Russia had supplied a lot of professional seafarers. However, the conflict between Ukraine and Russia has indeed reduced the supply of seafarers from both countries, as they’re facing overall labor shortages due to the war,” said Daejin Lee, global head of research at FertiStream.
The Philippines, China, Russia, Ukraine and Indonesia are the largest suppliers of the world’s seafarers, according to the most recent seafarer workforce breakdown report by the International Chamber of Shipping (ICS) and BIMCO in 2021.
Before Russia’s invasion of Ukraine in February 2022, Russian and Ukrainian seafarers made up almost 15% of the global shipping workforce, ICS data showed.
Geopolitical events have also created more dangers at sea as the Iran-backed Houthi militant group continues to target vessels in the Red Sea, making the role less attractive, ICS added.
No longer an appealing career
Existing maritime personnel are also opting for more shore-based jobs rather than going out to sea, said Henrik Jensen, CEO of Danica Crewing Specialists Group, an international maritime recruitment and manning services company. On top of that, the dwindling appeal of seafaring to younger generations may be the nail in the coffin for the vocation.
“In the past, seafarers’ salaries were high enough to make it a financially appealing option. But nowadays, younger people are prioritizing work-life balance and aren’t as willing to commit to a career that requires long stretches away from home,” said FertiStream’s Lee.
For those who grew up with the internet and phones at their fingertips, a life at sea without constant connectivity may not be ideal, said Drewry’s Harris.
As a result, more companies are trying to attract the younger generation with entertainment and gym facilities on board, as well as shorter voyages ranging from two to four months, he observed.
IMEEC progressing despite conflicts, says EAM Jaishankar
"The IMEEC (India-Middle EastEurope Economic Corridor) that was announced in September 2023 can be a game changer. The conflict u
NEW DELHI: The Foreign Minister S Jaishankar recently said while conflicts in the Middle East are creating hurdles for the IMEEC ( I n d i a - M i d d l e E a s t - E u r o p e Economic Corridor), the ambitious project is progressing on the eastern side, especially between India, the UAE and Saudi Arabia.
Middle East has undoubtedly been a major complication. But the IMEEC is proceeding ahead on the Eastern side, especially between India, UAE and Saudi Arabia," Jaishankar said at the Rome Mediterranean Dialogue 2024
India’s export outlook brightens as market share grows in key sectors, says RBI report
A posi ve outlook for India’s exports
M U M B A I : I n d i a ’ s e x p o r t performance is showing signs of improvement, with the country steadily increasing its share in global t r a d e a c r o s s a r a n g e o f manufacturing sectors, according to the Reserve Bank of India’s (RBI) November bulletin.
Despite a subdued growth outlook over the past few months, India has made notable strides in key export categories, positioning itself as a more competitive player in the global market.
The report highlights that India now holds a significant 13% share of the global petroleum product market, reflecting its growing refining capabilities and the country’s ability to meet international standards. This marks a key achievement for India’s manufacturing sector, particularly in petroleum.
India’s prominence in other export categories is also on the rise. The country is now the largest exporter of precious and semiprecious stones, the third-largest exporter of insecticides, the eighthlargest exporter of rubber pneumatic tyres, and the ninth-largest exporter of semiconductors.
The RBI report also notes impressive performances in specific sectors For instance, Apple has exported nearly $6 billion worth of India-made iPhones in the first half of the fiscal year 2024-25, underscoring the country’s growing role in global e l e c t r o n i c s m a n u f a c t u r i n g Additionally, India’s automobile
exports surged by 14.3%, driven by increased demand for passenger vehicles and two-wheelers.
In terms of agricultural products, India has seen growing exports of a wide range of items, and export restrictions on several goods have been lifted, further boosting India’s export potential. Efforts are also underway to expand the number of g e o g r a p h i c a l i n d i c a t i o n ( G I ) products, which are expected to help secure premium pricing in global markets. Currently, more than 1,100 GI products are registered under the One-District-One-Product (ODOP) scheme, with 640 of them already being exported.
India is also focusing on improving its trade agreements, particularly with Free Trade Agreement (FTA) partners.
The RBI report points out the urgency of standardizing approaches to negotiating FTAs, particularly in addressing issues like rules of origin and non-tariff barriers, which could help India access broader markets.
Over the last five years, India’s imports from FTA partners have increased by 37 9%, while exports grew at a slower rate of 14.5%. The report suggests that enhancing market access through strategic FTAs is key to capitalizing on the ‘China plus one’ trend in global manufacturing, which is seeing companies diversify their supply chains away from China.
India is also undergoing a significant transformation in its
maritime trade logistics, which is crucial as maritime trade accounts for 95% of India’s trade by volume and 65% by value. The country has made substantial improvements in port capacity and efficiency Over the past decade, India’s port capacity has more than doubled, from 745 million tonnes to over 1,600 million tonnes.
Traffic at major ports has risen by n e a r l y 5 0 % , a n d t h e a v e r a g e turnaround time for ships has significantly reduced from 127 hours in 2010 to just 53 hours today Notably, Jawaharlal Nehru Port Trust (JNPT) at Nhava Sheva has an even more impressive turnaround time of just 21 hours.
T h e s e i m p r o v e m e n t s h a v e contributed to India’s rise in the World Bank’s Logistics Performance Index, where the country ’s rank has improved from 54th in 2010 to 38th in more recent assessments, indicating a clear upward trajectory in India’s logistics capabilities.
Overall, the RBI’s November report paints a promising picture for India’s export sector As India continues to expand its share in key global markets, improve its logistics infrastr ucture, and engage in strategic FTAs, the outlook for the country’s exports is increasingly positive.
With continued efforts to enhance trade partnerships, support highvalue sectors, and reduce trade barriers, India is positioning itself as a key player in global trade for the years ahead.
India rejects food consignments from China, Japan, Sri Lanka, Bangladesh, Turkey on food safety worries
NEW DELHI: India has rejected consignments of apples, nuts, alcoholic beverages and sushi from Sri Lanka, Bangladesh, Japan, China and Turkey this year because they fell short of the standards set by it.
The apex food regulator Food Safety Standard Authority of India (FSSAI) – has made public the names of the countries on their recently launched Food Import Rejection Alert (FIRA), a portal which enables rapid exchange of
worldwide on food safety & health risks derived from rejected food. FIRA enables relevant food authorities/stakeholders to take immediate action for prevention & control of risk before it causes harm and ensures enhanced traceability & transparency Regulation 11(7) of the Food Safety and Standards (Import) Regulation, 2017 empowers the Food Authority to issue food alert notification.
India imports food items from more than 100 countries.
According to the FIRA portal , FSSAI rejected cinnamon flower bud (dry) from Sri Lanka on 24 May at Bangalore The product needs prior approval as it is not allowed as per FSS, Act, 2006 Sri Lankan Arecanut consignments were rejected on 22 April at Tuticorin port due to the presence of visible moulds and various other defects.
