DPA launches SAAGAR initiative with First Volume Commitment from PFP Group
G A N D H I D H A M : Deendayal Port Authority (DPA) proudly announces the i n t r o d u c t i o n o f i t s n e w incentive scheme, Strategic Actions to Aid Growth and Rewards (SAAGAR), designed to boost growth through volume commitments. The PFP Group from New Zealand and Australia, represented by Director Mr. Eddie Shin, has become the first trade partner to engage with this scheme.
Cont’d. Pg. 10
MSC and ZIM Line are fastest-growing mainline operators : Alphaliner
LONDON: MSC and ZIM Line are the fastest-growing mainline operators, according to the latest Alphaliner’s report MSC’s fleet has now crossed the 6 million TEU mark, thanks to aggressive newbuilding orders and
second-hand, albeit elderly vessels
Cont’d. Pg. 10
Ship leasing in GIFT city to get a boost from variable capital company structure proposal
NEW DELHI: The Central Government’s planned ship owning and leasing entity will benefit from proposed permits given to companies with a variable capital company structure in the Union Budget 2024-25. Besides, the variable company structure will also provide a fillip to ship owning and leasing companies in the Gujarat International Finance Tec-City (GIFT City).
Cont’d. Pg. 19
SHARJAH
DPA launches SAAGAR initiative with First Volume Commitment from PFP Group
Cont’d. from Pg. 4
P F P G r o u p h a s committed to a guaranteed minimum volume of 0 5 million metric tonnes (MMT) of timber imports to DPA over the next 11 months. This commitment marks a significant step in meeting India’s increasing round wood requirements and improving the efficiency of timber imports.
PFP Group has expressed their gratitude to DPA and their clients in India, along with Handling Agents Rishi Shipping and Ship Agents M/s DBC Sons (Guj) Pvt. Ltd., for their support in facilitating this partnership.
Mr. Eddie Shin extended his thanks to Shri Sushil Kumar Singh, IRSME, Chairperson of DPA, Shri Nandeesh Shukla, IRTS, and his team for prioritizing and streamlining the SAAGAR scheme.
MSC and ZIM Line are fastest-growing mainline operators : Alphaliner
Cont’d. from Pg. 4
The Swiss-Italian operator’s latest newbuilding is the 16,616 TEU MSC Juliette, which Guangzhou Shipyard International delivered on 18 July, making it the 17thlargePost-PanamaxadditiontoMSC’sfleetthisyear
Last week, the Aponte family-owned MSC took delivery of two pre-owned vessels, the 1999-built MSC Unity VI and the 2003-built MSC Bay IV.
ZIM’s unrelenting commitment to taking more ships on long-term charter enabled the Israeli carrier to overtake Taiwan’s Yang Ming in the rankings, putting it in the ninth spot, while Yang Ming dropped to the 10th. ZIM’s fleet has grown nearly 18% from last year, to 728,011 TEU.
Year to date, ZIM has taken delivery of three 15,250 TEU ships, seven 7,800-7,900 TEU ships and eight 5,300-5,500 TEU ships. Many of the vessels have been assigned to the transpacific lane.
Alphaliner remarked, “Like all carriers that rapidly expanded their fleet with large mainline newbuildings, ZIM is indirectly profiting from the Asia - Europe service re-routings via the Cape of Good Hope, since these diversions helped absorb the newbuilding wave. All the fresh tonnage also allowed the Haifa-based carrier to expand its Transpacific footprint. Currently, 48% of ZIM’s fleet is trading between Asia and North America.”
Meanwhile, Maersk Line, which was dethroned atop the rankings by MSC in 2022, is set to be relegated to the third place as French carrier CMA CGM matches the market leader’s orderbook.
Both MSC and CMA CGM each have newbuilding orders of 1.2 million TEUs, with the Marseille-based carrier booking a dozen 15,500 TEU LNG-fuelled vessels at HD Hyundai Heavy Industries and HD Hyundai Samho on 15 July. CMA CGM’s current fleet stands at 3.75 million TEU.
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I SW South Wind Synergy Seaport 01/08
CJ-II MO Joud DBC 30/07
CJ-III Ocean Ambition
CJ-IV Della Synergy Seaport 31/07
CJ-V Propel Grace Cross Trade 03/08
CJ-VI Lila Chennai Scorpio Shipping 03/08
CJ-VII Al Yasat III
CJ-VIII VACANT
CJ-IX Jabal AR Rawdah GAC Shpg. 01/08
CJ-X Behdokht Genesis 02/08
CJ-XI VACANT
CJ-XII AS Alexandria (SMILE) J M Baxi 30/07
CJ-XIII Ince Ilgaz Arnav Shpg. 30/07
CJ-XIV Hai Phoung 87 Mihir & Co. 02/08
CJ-XV Mercurius Arnav Shpg. 31/07
CJ-XVA Eraclea Cross Trade 01/08
CJ-XVI Bao Run Cross Trade 03/08
TUNA VESSEL'S NAME AGENT'S NAME ETD Ning Jing Hai James Mackintosh 30/07
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Kruibeke Seaworld 30/07
OJ-II Asian Lilac Samudra 30/07
OJ-III Ginga Saker GAC Shpg. 30/07
OJ-IV Penna JMBaxi 30/07
OJ-V VACANT
OJ-VI Regency Malara Shipping 30/07
OJ-VII Ami Seaport 30/07
BBC Zarate 24/07
Global Dignity 25/07
Stolt Orca 26/07 Vietnam
Sweet Lady III 28/07 Cotonou
Golbon (IIX) 28/07 Bandar Abbas
Asi M 28/07 China
Jin Ji 28/07 China
Cetus Cachalot 29/08 Korea
TCI Express 012 29/08 Manglore/ Cochin/Tuticorin
VESSELS IN PORT & DUE FOR EXPORT
Stream ABK Tiger
Stream Adonnis DBC Berbera
Bao
Stream Bow Clipper GAC Shpg.
CJ-IV Della
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
Hai Phoung 87 Mihir & Co.
30/07 Han Yi Parekh Marine China
T. Proj Cargo (6 Pkgs) INIXY124070227 27/07 Imari DBC Japan
CJ-XIII Ince Ilgaz Arnav Shpg. Ukrain
T CRC/S. INIXY124070144 BARS/Proj Cargo
CJ-IX Jabal AR Rawdah GAC Shpg. Singapore 59,903 T. Petcoke In
Stream Jabal Hafit JMBaxi
29/07 Lorient GAC Shpg.
29/07 Maple Tulip Dariya Shpg.
30/07 Pacific Pride Dariya Shpg. Indonesia
INIXY124070137
T. Coal INIXY124070242
LIQUID CARGO VESSELS
Stream
Stream Eva Manila Samudra
29/07 Al Wathba Dariya Shpg. Indonesia
Seaspan Ganges (V-4130) Hapag Llyod Nhava Sheva
Port Kyoto Express (V-4328W) Hapag Llyod Nhava Sheva
DP WORLD MUNDRA
EAST JAPAN, CHINESE PORTS
Wan Hai 506 6234E 4072672 Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 31/07 31/07 31/07-AM CCNI Angol 430E 4072683 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 01/08 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1)
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, (FEX) TO LOAD FOR INDIAN SUB CONTINENT
03/08 03/08-AM Maersk Cardiff 429W 4072456 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA) 04/08
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port SM Neyyar (V-429) MBK Logistics Jebel Ali In Port UASC Zamzam (V-429W) 4062450 Maersk India Jebel Ali 29/07 GFS Giselle (V-2408) 4072606 MBK Logistix Nhava Sheva
C (V-2408) Jebel
Wadi Duka (V-2413) Salalah
X-Press Mekong (V-24006W) Colombo
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
ASIA GULF PORT
Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) 02/08 07/08 07/08-AM One Matrix 90E 2402646 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX) 08/08 02/08 02/08-AM Xin Fu Zhou 84E 2402759 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 03/08 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)
03/08 03/08-AM Zoi 115E 2402545 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 04/08 Evergreen/KMTCEvergreen/KMTC (FIVE)
The above vessel has arrived on 26-07-2024 at MUNDRA PORT with Import cargo from HAMBURG. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
KANDLA-SEZ/GANDHIDHAM
The above vessel has arrived on 26-07-2024 at MUNDRA PORT with Import cargo from LONDON GATEWAY PORT. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
The above vessel has arrived on 26-07-2024 at MUNDRA PORT with Import cargo from HAMBURG, AARHUS, LONDON GATEWAY PORT, LIVERPOOL, PORTBURY, CORK, GDYNIA.
Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
MEDUFV121233
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
MSC AGENCY (INDIA)
m.v. “MSC CAPELLA” Voy : FD421E
I.G.M. NO. 2383438 Dtd. 24-07-24 Exch rate 86.04
The above vessel has arrived on 27-07-2024 at MUNDRA PORT with Import cargo from BARCELONA, TUNIS. Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
MUNDRA PORT SEZ
The above vessel has arrived on 27-07-2024 at MUNDRA PORT with Import cargo from MONTREAL, ASHDOD, BOSTON. Please note the item Nos. against the B/L Nos. for MUNDRA delivery. 183 MEDUAS806829
KANDLA-SEZ/GANDHIDHAM
The above vessel has arrived on 27-07-2024 at MUNDRA PORT with Import cargo from MONTREAL, SAN-PEDRO, SKIKDA, BARCELONA, FOS-SUR-MER, TEMA, TAKORADI, BANJUL, CONAKRY, ASHDOD, CAGLIARI, CIVITAVECCHIA, GENOA, PALERMO, RAVENNA, LA SPEZIA, TRAPANI, TRIESTE, VENICE, KOPER, LOME, TUNIS, BOSTON.
MUNDRA
Please note the item Nos. against the B/L Nos. for MUNDRA delivery. 43
MEDUJ9478192 28 MEDUQP640996 29 MEDUCN064281
3 MEDUD8610229
30 MEDUBO406525
31 MEDUJ9558910
32 MEDUJ9559033
33 MEDUJ9591572
34 MEDUK0139064
35 MEDUDY222900
36 MEDUDY244946
37 MEDUDY244961
38 MEDUDY232024A
39 2024EM1625SPASPEMUN
4 MEDUD8610187
40 2024EM1647SPASPEMUN
41 MEDUJ9541064
42 MEDUJ9594915
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
Ship leasing in GIFT city to get a boost from variable capital company structure proposal
Cont’d. from Pg. 4
Commenting on the budget
announcement, Union Ports, Shipping, and Waterways Minister
S a r b a n a n d a S o n o w a l s a i d , “Ownership, leasing and flagging reforms will be implemented to improve the share of the Indian shipping industry and generate more employment.”
A share of overseas cargo carried by Indian flagged ships has been on a steady decline from over 40% in the 80s and is now at less than 7%. These moves are aimed at reversing this decline by allowing flexible financing models and incentives for c o m p a n i e s t h a t l e a s e s h i p s . “Measures announced in the budget will allow companies to take advantage of the GIFT International Financial
Services Centre (IFSC) dispensation,” atopGovernmentofficialsaid
Ship leasing was defined as a financial product by the IFSC Authority in January 2022. Later in 2023, ship brokering, and voyage charter related services were allowed from the IFSC. According to a PwC report, a deemed foreign jurisdiction, liberal policies, and tax benefits are the key benefits accrued with leasing ships from the IFSC.
Besides leasing from GIFT, officials said government plans for creating a financing ecosystem for ships is also expected to get a fillip. “Unlike public sector undertaking Shipping Corporation of India (SCI), which owns and operates vessels, the p r o p
aggregate demand and provide
services,” a second official said.
The owning and leasing entity is going to be a special purpose vehicle (SPV) with specific state-owned firms having cargo interests to jointly buy and run ships. It is expected to be backed by a Rs 30,000 crore Maritime Development Fund (MDF).
This fund will address the financing constraints of projects in the maritime sector. According to the Maritime India Vision 2047, nonavailability of long-term capital at competitive rates is a challenge for the shipping sector in India. This is worsened by stringent terms of domestic loans for small and new shipping companies and higher collateral requirement by domestic lenders which restrict financing in the maritime sector
Shipping Minister updates on Shipbuilding Financial Assistance Policy
NEW DELHI: Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal informed the Lok Sabha that Shipbuilding Financial Assistance Policy (SBFAP) provides Indian Shipyards a level playing field visà-vis Foreign Shipyards for domestic and international shipbuilding orders This scheme is aimed for revival and promotion of Shipbuilding industry in India for shipbuilding contracts signed from 2016 to 2026 It is noted that, public and private shipyards like Cochin Shipyard Ltd, Chowgule Shipyard, Mazgaon Shipyard, Garden Reach Shipbuilders and Engineers etc have secured several domestic and foreign shipbuilding orders, thereby leveraging the availability of financial assistance through SBFAP In the SBFAP scheme, a t o t a l o f 3 1 3 v e s s e l o r d e r s encompassing both domestic and export orders have been procured by 39 shipyards since the inception of the s c h e m e , w i t h a t o t a l v a l u e o f approximately Rs. 10,500 crore. These shipyards have received financial assistance totaling Rs. 337 crores for delivering 135 vessels to the domestic and international ship owners.
L ower domestic demand for commercial shipbuilding, high cost of finance, relatively small ancillary industry, less automation etc. are seen a s r e a s o n s a f f e c t i n g t h e competitiveness of Indian Shipyards.
The details of the Government initiatives to encourage domestic shipbuilding in the country are as under:
( i ) To i n c r e a s e i n d i g e n o u s shipbuilding with regard to modern technologies and machinery, the Ministry has amended the SBFAP guidelines to include
a) Wind farm installation vessels and construction of sophisticated dredgers as specialized vessels which
are eligible to get higher financial a s s i s t a n c e ,
a n d a b o v e Rs. 40 Crores which is upper limit for non-specialized vessels.
b) Financial assistance of 30% for vessels where main propulsion is achieved by means of green fuels such as Methanol/ Ammonia / Hydrogen fuel cells,
c) Financial assistance of 20% for vessels with electric means of propulsion or vessels fitted with hybrid propulsion system.
( i i ) . To p r o m o t e i n d i g e n o u s shipbuilding, the Government entities dealing with ship building and shipowning are advised to ensure local content as per the Government of India Public Procurement (Preference to
Make in India) Order, 2017. As per this Order, procurement of ships of less than Rs. 200 crores is required to be from Indian shipyards.
(iii) Government of India vide Gazette Notification No 112 dated A p r i l 1 3 , 2 0 1 6 h a s p r o v i d e d infrastructure status to Shipyards The “Shipyards” have been defined therein as a floating or land-based facility having requisite facilities for carrying on shipbuilding / repair /breaking activities Infrastructure status would enable Indian shipyards to avail cheaper long-term source of c a p i t a l a n d w o u l d
e t h e shipyards to reduce their cost disadvantage and invest in capacity expansion thereby giving a boost to the Indian shipbuilding industry
( i v ) T h e G o v e r n m e n t , in November, 2021, has released Standard Tug Designs of five variants for use by Major Ports for procurement of tugs to be built in Indian Shipyards.
(v).Governmenthasissuedguidelines on 19.05.2016 for evaluating and awarding tenders for new shipbuilding orders floated by government departments or agencies including public sector undertakings for acquisition of any type of vessel(s) used by them for Governmental purposes or for their own use. Whenever acquisition of a vessel(s) is undertaken through tendering route, the qualified Indian Shipyards will have a “Right of FirstRefusal”toenablethemtomatchthe evaluated lowest price offered by the foreign shipyard which is aimed at increasing ship building activities in Indianshipyards.
(vi). To promote indigenous shipbuilding, the Ministry of Ports, Shipping and Waterways on 20.09.2023 has revised the hierarchy of Right of First Refusal (RoFR) to be followed for all kind of tender The revised hierarchy of RoFR is:
(1) Indian built, Indian flagged and Indian owned
(2) Indian built, Indian flagged and Indian IFSCA owned
(3) Foreign built, Indian flagged and Indian owned
(4) Foreign built, Indian flagged and Indian IFSCA owned
(5) Indian built, foreign flagged and foreign owned.
m.v. “MSC SHAHAR” Voy : OM426R
I.G.M. NO. 2383441 Dtd. 24-07-24 Exch rate 85.95
The above vessel has arrived on 26-07-2024 at MUNDRA PORT with Import cargo from MOMBASA, BEIRA. Please note the item Nos. against the B/L Nos. for MUNDRA delivery. MUNDRA
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 :
MSC AGENCY (INDIA) PRIVATE LIMITED
Gandhidham : Siddhi Vinayak Complex, Plot No. 1, Office No. 201-208, 2nd Floor, Ward - 6, Near Rotary Circle, Gandhidham - Kutch 370 201 Gujarat India. Tel : +91-2836-619100 to 616100 (Board) E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com H. O. & Regd. Office : MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400 059
The above vessel is arriving on 01-08-2024 at MUNDRA PORT with Import cargo from MONTREAL.
Please note the item Nos. against the B/L Nos. for MUNDRA delivery.
KANDLA-SEZ/GANDHIDHAM
MUNDRA
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
AGENCY (INDIA) PRIVATE LIMITED
: +91-2836-619100 to 616100 (Board) E-mail : jatin.hadiya@msc.com, niraj.raval@msc.com, operator.gandhidham@msc.com H. O. & Regd.
VPA welcomes MV Huahine, vessel carrying Largest cargo to India
VISAKHAPATNAM :
Visakhapatnam Port Authority (VPA) have raised the curtain for the beginning of a new chapter by handling Newcastlemax Size Vessel with 199,900 MT’s, which is the largest cargo carried by a single Vessel to any Indian Port.
MV Huahine, carrying 1,99,900 MT of manganese ore from Gabon of Central Africa, the largest cargo carried by a single vessel to any I n d i a n p o r t , a r r i v e d a t t h e Visakhapatnam port on Thursday, July 25.
The Newcastlemax size vessel is berthed at the Vizag General Cargo Berth, a BoT berth operated by Vedanta. The vessel’s length overall (LOA) is 300 meters, the beam width is 50 meters and the arrival draft is 18.46 meters. The cargo is distributed
to 1,24,500 MT to Vizag, 16,000 MT to be transhipped to Dhamra and 59,400 MT to be transhipped to Haldia. I n t h i s c o n n e c t i o n V P A
Chairperson, Dr. M. Angamuthu, IAS have convened an apex level meeting with stakeholders as a marketing measure to improve Cargo volumes.
ERAMET S.A France, one of the largest manganese ore exporters, shipped the cargo They are the leading producer of high-grade
Indonesia’s largest nickel ore mine. It is also ranked as the fourth-largest producer of Titanium globally, said the Visakhapatnam Port Chairman M. Angamuthu.
“This shipment is a significant milestone for Visakhapatnam Port and Bothra Shipping Ser vices Pvt. Ltd. The port is thrilled to support such initiatives and is committed to transforming Vizag port into a hub for bulk cargo transshipment in the future,” Mr Angamuthu said.
DFCCIL moves ahead with New Corridors
NEW DELHI: A Detailed project reports have been submitted to the railway board for the East Coast Freight Corridor from Kharagpur ( We s t B e n g a l ) t o Vi j a y a w a d a (Andhra Pradesh), the East-West Corridor from Kharagpur to Palghar (Maharashtra), and the North-South Freight Corridor from Vijayawada to Itarsi (Madhya Pradesh). JICA and World Bank have expressed interest in funding three of these corridors.
Beyond traditional cargo like coal,
perishables, and auto parts, DFCCIL is exploring the scope to include e-commerce and LNG container movement, Over Dimensional Cargo and plans to start automobile movement along the Western DFC from Surat to Kanpur and beyond.
Imports under FTAs made easy with self-certification
NEW DELHI: In a move to make imports easier under free trade agreements (FTA), the government has proposed to accept self-certification to prove the origin of such goods At present, a certificate of origin is issued for meeting the source criteria of imports which is crucial for customs clearance and determine the duties that have to be paid. An amendment in the Customs Act in Budget FY25 aims to replace the word “certificate” with “proof”. The proof of origin means a certificate or declaration issued in accordance with a trade agreement certifying or declaring, as the case may be, that the goods fulfil the country of origin criteria and other requirements specified in the said agreement, according to the Budget documents.
“The idea is basically to align this with FTAs as we now also accept selfcertification. It is basically to enable self-certification,” Revenue Secretary Sanjay Malhotra said, explaining the rationale behind the move.
Amendment in section 28DA of the Customs Act will enable the acceptance of different types of proof of origin provided in trade agreements to align t h e p
agreements which provide for selfcertification.
“After our issues with China, the certificates of origin were under tight scrutiny Now, that has been changed to proof which will promote ease of doing business,” said a person aware of the change.
The simplification in the norms
comes after industry, especially the electronics sector, sought an easier declaration process and fears that Chinese imports were making their way into the countr y through other countries, especially the ones India has FTAs with.
“Allowing the acceptance of self declaration and other forms of proof of origin will help quicker clearance of c
g business,” said Bipin Sapra, partner, EY India.
As per the amendment, the Issuing Authority means an authority or person designated for the purposes of issuing proof of origin under a trade agreement.
India’s overall goods imports in FY24 were $675 4 billion as against $437.11 billion in FY23.
Forex Reserves at new record high of $670.86
MUMBAI: India’s forex reserves jumped by $4 00 billion to hit an all-time high of $670.86 billion as of July 19, data shared by the Reserve Bank of India (RBI) showed. Previously, forex reserves had jumped by $9.69 billion to $666.85 billion for the week ending on July 12. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) increased by $2.57 billion to $588.05 billion.
Gold reserves expanded by $1.32 billion to $59.99 billion, whereas SDRs were up by $95 million to $18.20 billion.
Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry said that India’s strong s
measures and vigilant monetary policy stance, have led the FOREX to reach the new all-time high at the level of USD 670 billion (as on July 19, 2024).
bn
"This will propel India's economic growth on a higher trajectory, enhancing its standing internationally, making the country attractive to foreign investors, and fostering domestic trade and industry Given, the global macroeconomic challenges, the Reserve Bank of India would have more flexibility in handling the currency and monetary policy due to the country's significantly high f o r e i g n e x c h a n g e
e s e r v e s , " he added.
Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.
Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods. As Agents :
STAR SHIPPING SERVICES (INDIA) PVT. LTD.
First Floor, Plot No.86, Sector 1A, Near Quality Enterprises Hero Showroom, Gandhidham - Kutch, Gujarat - 370201
Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges. Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods. As Agents :
STAR SHIPPING SERVICES (INDIA) PVT. LTD.
DGFT simplifies Export Promotion Capital Goods Scheme procedures to enhance Ease of Doing Business
NEW DELHI: The Directorate General of Foreign Trade (DGFT) has announced significant enhancements to the Export Promotion Capital Goods (EPCG) Scheme aimed at simplifying processes, reducing transaction costs and promoting automation to benefit exporters vide Public Notice No. 15 dated 25th July 2024. These changes align with the commitment of the Government to create a more business-friendly environment and improving India’s manufacturing competitiveness.
As per the changes, the scheme will now provide exporters an extended period to submit Installation Certificates for imported Capital Goods. This extension reduces pressure on businesses, allowing them to focus more on production and export activities.
Further, a simplified and reduced composition fee structure for extending the Export Obligation (EO) period has been introduced This change minimises manual intervention, streamlines compliance and speeds up service delivery
Also, from now all Policy Relaxation Committee (PRC) decisions regarding Export Obligation extensions and regularisation of exports will be implemented with a levy of uniform composition fee making it easier to implement through the system.
Benets for Exporters:
These updates make it easier for exporters to comply with regulations, reducing the time and effort required to meet DGFT requirements By expanding automated rule-based processes, DGFT aims to reduce human intervention, mitigate risks and improve overall efficiency in trade facilitation.
Commitment to Modernization and Efciency:
Since the announcement of the new Foreign Trade Policy in April 2023, DGFT has been actively modernising its systems to expand automated rule-based processes. These initiatives are crucial steps towards fostering a more business-friendly environment and enhancing India’s competitiveness in the global market. DGFT has already taken efforts to automate the authorisation issue process, ad-hoc norms fixation process under Advance Authorisation, export obligation extension, automatic status holder certificate issue, among others, in recent days. It is planned that in the coming months, more and more processes will be system driven with minimal or no human intervention to order to facilitate trade and industry
For more details on these updates, please visit DGFT Website at https://www.dgft.gov.in
Budget proposals for marine sector to boost India's aquaculture, seafood exports: MPEDA
NEW DELHI: Budget announcements for the marine sector such as rationalisation of customs duties and financing facilities will help boost the country's India's aquaculture and seafood exports, MPEDA said on Thursday The Marine Products Export Development Authority (MPEDA) also said the Budget includes a range of strategic measures aimed at bolstering the competitiveness of marine products, with a particular focus on shrimp production and export.
Various inputs used in the manufacture of shrimp and fish feed will now enjoy customs duty exemptions, it said adding a number of feed inputs such as mineral and vitamin pre-mixes, krill meal, fish lipid oil, crude fish oil, algal prime, algal oil are fully exempted from any import duty.
Artemia and Artemia cysts which are key nutritional inputs in aqua hatchery were also fully exempted from any import duty
The Basic Customs Duty (BCD) on essential aquafarm/ hatchery inputs such as Vannamei and black tiger
Export-Import
broodstock, polychaete worms, and fish/shrimp feed has been reduced to 5 per cent.
Import duty for insect meal and single-cell protein has been cut down to 5 per cent.
"These announcements made in the Union Budget 2024-25 are set to significantly enhance aquaculture and seafood export sectors," the authority said.
It also said that the government has committed to providing substantial financial support to establish a network of Nucleus Breeding Centres (NBCs) for shrimp broodstocks.
About one lakh farmers will benefit from a 30 per cent reduction in shrimp seed costs.
Further, it said the National Bank for Agriculture and Rural Development (NABARD) will play a crucial role in facilitating financing for shrimp farming, processing, and export.
"This intervention is designed to cover 80 per cent of project costs for farmers, accompanied by an interest subvention of up to 3 per cent," MPEDA said.
operations hampered by heavy rains, Cargo builds up at Gujarat Ports
GANDHIDHAM : The current spate of intense rain in Saurashtra and Kutch has severely impacted the export and import activities at Kandla and Mundra Ports.
Due to the heavy rains over the past seven days, ports are inaccessible to vehicles due to significant waterlogging Due to this, there is now a substantial accumulation of goods, which is causing delays and disrupting trade.
The Mundra Customs Brokers’ Association (MCBA) claims that the flooded roads prevent Trucks from getting to the port.
A large number of already-arrived import cargoes are currently stalled and need to be cleared Because port operations have been slowed down, the rain has not only hampered the import process but also hindered exports, according to MCBA Secretary Mr. Manoj Kotak.
Transit time is impacted by a shortage of trucks and sluggish loading and unloading. Due to the lack of vehicles and
slow loading and unloading, turnaround time for shipments is getting prolonged for inbound and outbound goods, according to Mr. Kotak.
The Akhil Gujarat Truck Transporters’ Association (AGTTA) reports that bad road conditions have forced 25% of Gujarat’s estimated 11 lakh large transport vehicles off the road.
Transport operations around the nation have been severely impacted by the heavy rain. As a result, turnaround times for cars have nearly doubled. Vehicles must travel a minimum of two days to reach their destinations, which has an impact on dispatches, according to AGTTA President Mr. Mukesh Dave.
Transport interruptions caused by the monsoon are common in the districts of Saurashtra and Kutch and in the cities of Vapi, Valsad, Vadodara, Surat, Bharuch, and Ankleshwar in South Gujarat.
ZIM INTEGRATED SHIPPING SERVICES
m.v. “DIAMANTIS P” V - 40E
The above vessel is arriving at MUNDRA PORT on 03-08-2024 with Import Cargo in containers.
Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.
Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.
ZIM INTEGRATED SHIPPING SERVICES (INDIA) PVT.
First Floor, Plot No.86, Sector 1A, Near Quality Enterprises Hero Showroom, Gandhidham - Kutch, Gujarat - 370201
Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.
Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.
STAR SHIPPING SERVICES (INDIA) PVT. LTD.
ESL to launch Far East Chennai Express (IFX) service
pleased to introduce its latest Far East Chennai Express (IFX) service. The IFX service enhances Far East Asia coverage through direct routing between Korea and East India, and increased frequency between North China via Qingdao, Central China via Shanghai, and South China via Shekou. Transshipment opportunities to the Middle East, Red Sea and East Africa are also available via Port Klang.
IFX service rotation: Busan – Qingdao – Shanghai –Shekou – Singapore – Port Klang – Chennai – Vizag –Port Klang – Singapore – Manila – Busan.
The maiden voyage will depart from Busan in early August.
Antwerp XL is back for its 4th Edition in Antwerp from Oct 8-10
ANTWERP:
H o s t e d o n c e again by the Port of Antwerp-Bruges, Antwerp XL (AXL) brings together Cargo Owners, Freight Forwarders, Ports & Terminals, Shipping Agencies, RoRo specialists, and more at the heart of the Breakbulk market.
AXL was first held in 2019 and quickly established itself as a key event in the Maritime and Logistics calendar. After its successful Inaugural edition, the exhibition continued to grow, despite interruptions due to the COVID-19 pandemic, returning stronger in subsequent years.
The event is strategically located in Antwerp, home to one of the largest ports in Europe, making it an ideal venue for an exhibition focused on breakbulk and
project cargo
AXL returns in 2024 to bring the breakbulk c o m m u n i t y together again to showcase
and build relationships based on trust
The attached document will allow people to register for the event, or they could even register via the link: https://invt.io/1exbq5538kg
Carriers bullish for the peak season : Sea-Intelligence
COPENHAGEN: Now that we are nearly a third of the way through the traditional container shipping peak cargo season, looking at the levels of blank sailings and capacity deployment the carriers have planned for the remainder of the third quarter, can provide us with a good perspective on the carriers’ confidence in the 2024 peak season.
Figure 1 shows the percentage of blanked capacity slated for the rest of the peak season (weeks 29-39), for the two most important East/West trades: Asia-North America West Coast and Asia-North Europe.
On Asia-North America West Coast, carriers have so far planned to blank 3.9% of the total capacity, which is not too dissimilar from the pre-pandemic average or from 2020. It is however significantly lower than in the pandemic years (where blank sailings were forced due to port congestion). Capacity growth across the same weeks in 2024 is slated to be 24.6% when compared to 2023, and 10.2% over 2020 (where we saw peak capacity deployed in terms of TEU).
Given this strong capacity growth and the relatively low blank sailings level, it suggests that the carriers are bullish for the peak season on this trade lane.
On Asia-North Europe, blanked capacity is slated to be 5.9% for the coming 11 weeks, which is only higher than 2020 and the pre-pandemic average, although the difference from 2020 is not that high. In 2024, there is no
Y/Y growth in deployed capacity However, in 2023, Y/Y capacity growth on the trade was 13.1%, which was not only high relative to historical reference points, but also too high for the demand levels on the trade lane (evidenced by the falling freight rates).
The fact that carriers are willing to maintain that level of elevated capacity on Asia-North Europe in 2024, coupled with the relatively low level of blank sailings, indicates the carriers have a confidence strong outlook for the peak season on Asia-North Europe.
