DPA Chairman inspects Port to ensure preparation of heavy rainfall Alerts
GANDHIDHAM:
Shri Sushil Kumar S i n g h , I R S M E , C h a i r m a n , D e e n d a y a l Po r t Authority, inspected Kandla Port to ensure the port’s preparedness amidst the heavy rainfall warning and Red Alert issued by IMD Safety and precautionary measures remain as top priority for DPA
ACBA organised Convocation Ceremony for "Recognition of Prior Learning" (RPL) Training Program
MoPSW to host Annual Maritime Strategy Dialogue by Year End; 10 Global Shipping Minsters expected to attend
AHMEDABAD: Ahmedabad Custom Brokers’ Association (ACBA) successfully organized a convocation ceremony for the "Recognition of Prior Learning" (RPL) training program on 23rd August 2024 at the Ahmedabad Management Association. The ceremony was well-attended, with a large number of participants, industry leaders, and trade members present to honor the achievements of those who completed the RPL training.
Cont’d. Pg. 21
NEW DELHI: The Ministry of Ports, Shipping & Waterways is planning to have an annual maritime strategy dialogue towards the year end (November – December). The goal is to become a maritime power house over the next two decades The discussions will be modelled around the Raisina Dialogue. Atleast ten Global Shipping Ministers will be invited to attend the dialogue. The plan and outline of the dialogue will be ready by first week of September
Cont’d. Pg. 15
CONCOR plans for more DPD movement
NEW DELHI: CONCOR is planning a major slew of initiatives including Direct Port Delivery, adding more tank containers for bulk cement movement, end-to-end logistics solutions for major corporate houses and long-term agreements with shipping lines.
“We are quite strongly looking at DPD movements from ports to hinterland. Then we are going for additional business and new terminals, which is another growth driver for us,” Shri Sanjay Swarup, CMD, CONCOR said during a recent analyst call.
The bulk cement logistics business will start giving results in the Q3 of the fiscal year, as the containers ordered for the purpose are still being manufactured. Many of the cement manufacturers are eager to use this
service, he added.
CONCOR officials said, orders for 500 containers –for movement of bulk cement – have been placed with to Braithw
The prototype is in the manufacturing stage.
“When we start getting the containers from Braithwaite, they shall be offering 50 containers per month to us starting from third quarter So I think in first month only in September, we can be getting first rake and subsequently after every month, every 2 months, we shall be adding one rake there,” the official explained.
CONCOR is also in talks with Vedanta, Tata, Reliance and Jindal for offering them a complete end-to-end logistics solution Facilities promised include “assured supply” for domestic trade and also Export Import for few
SEA urges Govt to reconsider extending de-oiled rice bran exports ban
NEW DELHI: The Solvent Extractors Association of India (SEA) has made a fresh appeal to the government to reconsider its decision to extend the ban on de-oiled rice bran exports until January 31, 2025.
The industry body argues that the continued restriction is causing severe underutilisation of processing plants, particularly in eastern India.
In a letter to its members, SEA highlighted the plight of rice bran processors in West Bengal, where plants are operating at low capacity or shutting down entirely. The association warned that this situation is negatively impacting the production of rice bran oil nationwide.
“We once again appeal to the government to reconsider this matter and allow the export of de-oiled rice bran in the larger interest of the industry, rice millers, farmers, and the nation,” SEA President Ajay Jhunjhunwala stated.
The industry’s concerns extend beyond the export ban. Recent instances of adulteration in rice bran oil and de-oiled rice bran with substances like dolomite and corn DDGS have raised alarms.
SEA has urged its members to implement stringent quality control measures in the procurement of raw materials, including rice bran for solvent extraction and rice bran oil for refining.
“I appeal to all members to follow strict quality control in the purchase of raw materials,” SEA emphasised, underscoring the importance of maintaining the industry’s reputation.
The association, which has been actively promoting rice bran oil as a healthy alternative, expressed concern that the efforts of the entire industry could be undermined by a few “misguided processors”.
Second mother vessel set to call at Vizhinjam Port by August 30
THIRUVANANTHAPURAM: After the modest beginning of the first phase of the limited-scale commercial operation, Vizhinjam International Seaport will become a beehive of activity again this week as another mother vessel of Mediterranean Shipping Company (MSC) is on its way to Vizhinjam. The mother vessel called MSC Deila is expected to call at Vizhinjam by August 30.
The ship with a capacity to carry 13,988 (twenty-foot equivalent units or TEU) containers is coming from Mauritius, and will have a stopover at Mumbai before reaching here. The ship with a length overall (LOA) of 366 metres and 51-metre beam will be
followed by another feeder vessel called MSC Adu V, which will transship the containers from here to other ports. The MSC ADU V has a LOA of 294.12 m, while the beam is 32.2 m. The feeder vessel has a container handling capacity of 4,738 TEU.
A f t e r t h e b e r t h i n g o f S a n Fernando, chartered by Maersk, the first mother vessel that called at the port here on July 11 as part of the trial run of the port and subsequent arrival of two back-to-back feeder vessels to trans-ship the containers from here, the port authorities have been reviewing the performance of the port o p e r a
performance of the automated cranes
installed in the port.
There would be a brief pause in the port operations after the berthing of the second mother vessel and feeder vessel as part of streamlining the performance of the port The port developer is hoping to start the fullfledged commercial operation of the port by the end of September or October, a little ahead of the
commissioning, Vizhinjam port authorities have decided to offer vessel-related charges (VRC) here lower than the rates by Colombo Port to woo the shipping giants to the coast of Kerala.
SHIPPING MOVEMENTS AT GUJARAT PORTS
TODAY’S TIDE 29/08/2024
Cargo Steamer's Agent's ETD Jetty Name Name
CJ-I Beetle Scorpio Shpg. 31/08
CJ-II Delphinus Delta Waterways 30/08
CJ-IIA Global Dominance Preetika Shpg. 31/08
CJ-III Pegasus 02 DBC 30/08
CJ-IV Weco Laura Synergy 05/09
CJ-V DL Tulip DBC 05/09
CJ-VI Abdullah Benline 01/09
CJ-VII Josco Changzhou JMBaxi 03/09
CJ-VIII VACANT
CJ-IX Smurfette Ocean Harmony 02/09
CJ-X Eastern Edelweiss MNK & CO. 01/09
CJ-XI VACANT
CJ-XII Hansa Europe JMBaxi 30/08
CJ-XIII AL Wathba ACT Infra 30/08
CJ-XIV Bariloche Cross Trade 02/08
CJ-XV Jules Point Anline Shpg. 03/08
CJ-XVA Endeavor Synergy 31/08
CJ-XVI Newsun Symphony Mihir & Co. 04/08
TUNA VESSEL'S NAME AGENT'S NAME ETD Chrysanti S Benline 31/08 Kotrag Parekh Marine 31/08
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Rose Gas
OJ-II Haein Hope Marinelinks 30/08
OJ-III Bia Aries Marine 30/08
OJ-IV Hari Leela
OJ-V TG Gemini Scorpio Shpg. 30/08
OJ-VI VACANT
OJ-VII Baleen Interocean 30/08
Pegasus 02 27/08 Somalia
TCI Express 27/08 Manglore-CochinTuticorinChennai
Muara 27/08 Port KlangColombo-Jebel Ali-Khor Fakkan
Al Wathba 27/08 Hamriyah UAE
Unity Force 27/08
GF Trader 29/08 Yemen
Cenda 29/08
African Baza 29/08 USA
SCI Chennai 29/08 Pipavav-CochinTuticorin-Kattupalli
R (OTB)
Suvari Reis DBC 24/08
Alineat Mitsutor 25/08
Vienna Parekh Marine 23/08
Gemma Upsana Shpg. 27/08
Name AgentsAgents Agents ArrivalonArrivalon Arrival on Hai Nam 89 JMBaxi 21/08 Vienna Parekh Marine 23/08
DEENDAYAL PORT
VESSELS IN PORT & DUE FOR EXPORT LOADING
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
Tuna Chrysanti S Benline
CJ-V DL Tulip DBC Australia
CJ-X Eastern Edelweiss MNK & CO. 1,714/5,235/6,374 T. S. Pipes/S.coils/PVC Resin
Stream Hai Nam 89 JMBaxi China 18,786/3258/421/247 T INIXY124080482
Alumina Ball (J.Bags)
30-Aug Howes Joanna Mitsutor Argentina 5,404/1,365/114 T. HRC/ INIXY124080569
Wire Rod/P. Cargo
CJ-IIA Global Dominance Preetika Shpg. 3,525 T. Bitumen In Bulk
CJ-VII Josco Changzhou JMBaxi China 13,563/2,236 T. PVS Resin INIXY124080363 J Bags/Equipment
04-Sep Lignum Network Taurus 12,178 T. MOP In Bulk INIXY124080666
Tuna Kotrag Parekh Marine Visakhapatnam 50,000 T. I/Ore In Bulk INIXY124080559
03-Sep New Noble DBC 2,536/42 T. CRC/Eye Up INIXY124080621 Coils (334/20 Pcs)
03-Sep Safeen Al Nour Taurus
75,000 T. Thermal Coal In Bulk INIXY124080623
CJ-IX Smurfette Ocean Harmony 52,399 T. Petcoke In Bulk INIXY124080637
Stream Vienna Parekh Marine China 8,511/2,527/2,142/4,921 INIXY124080553 T. HRC/S.Tubes/P. Cargo
30-Aug VIMC Freedom Jeel Kandla 10,102 T. Scrap In Bulk INIXY124080660
CJ-IV Weco Laura Synergy
37,819 CBM Pine Logs INIXY124080573
LIQUID CARGO VESSELS
AT
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
DP WORLD MUNDRA
Asyad Line Seabridge Marine Haiphong, Laem Chabang, (IEX) TO LOAD FOR
01/09-AM Rhine Maersk 435W —/— Maersk Line Maersk India
CONTINENT
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port Norderney (V-87W) 4083076 ONE Line Jebel Ali 29/08 Maersk Cape Town (V-435S) 4083026 Maersk India Port Qasim 31/08 Wan Hai 510 (V-181E) 4083072 Wan Hai Line Nhava Sheva
Seaspan Jakarta (V-434W) Pipavav 24-08-2024 SM Neyyar (V-433) Beherai 25-08-2024 Maersk Copenhagen(V-434W) Colombo 25-08-2024
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
31/08 30/08-PM AS Sicilia 937 2402855 PIL PIL India Jebel Ali, Aden, P. Sudan, Djibouti. (RGS)
ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)
(INDME) 30/08 03/09 02/09-PM Muara 24028M 2403125 MSR Master Logitech Jeddah, Damietta (WARM) 04/09 03/09 02/09-PM MSC Aby IP435A 2403101
PIPAVAV PORT
30/08 29/08-1800 Maersk Denver 434W 24274 Maersk Line Maersk India Algeciras
23/09 23/09-2200 Xin Ya Zhou 164E 24281 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 24/09 Nansha, Port Kelang (CI1) TO
Maersk Denver 434W 24274 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL)
10/09 09/09-0300 Seaspan Jakarta 436W 24294 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX) 10/09 TO LOAD FOR INDIAN SUB CONTINENT PORTS & COASTAL SERVICE
In Port —/— MOL Presence 016E 24287 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo.
09/09 09/09-1100 Dimitris Y 247E 24296 ONE ONE (India) (TIP)
In Port —/— SSL Gujarat 158 24284 SLSSLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 29/08 29/08 29/08-0600 X-Press Phoenix 435E 24290 Maersk Line Maersk India Colombo. (NWX) 30/08 30/08 30/08-0600 SCI Chennai 2409 24282 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE)
23/09 23/09-2200 Xin Ya Zhou 164E 24281 COSCO COSCO Shpg. Karachi, Colombo (CI1) 24/09 TO LOAD FOR US & CANADA WEST COAST In Port —/— MOL Presence 016E 24287 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 29/08 09/09 09/09-1100 Dimitris Y
SHIPPING MOVEMENTS AT ADANI
HAZIRA PORT
MoPSW to host Annual Maritime Strategy Dialogue by Year End; 10 Global Shipping Minsters expected to attend
Cont’d. from Pg. 4
The Raisina Dialogue is India’s f l a g s h i p a n n u a l c o n f e r e n c e o n geopolitics and geo -economics, committed to addressing the most c h a l l e n g i n g i s s u e s f a c i n g t h e international community. The Shipping Ministry is looking forward to forge strong ties with top global maritime nations in order to pursue its maritime ambitions and also boost regional security
The Ministry of Ports, Shipping and Waterways led by Sarbananda Sonowal is keen on not only forging strong ties with top global maritime
nations to pursue India’s maritime goals but also from the point of view of regional security and strategic considerations.
“To shape India’s capability in the maritime sector into a robust engine of the nation’s development, the Ministry has given top priority to improving the efficiency of major ports by undertaking p o l i c y i n i t i a t i v e s a n d r e f o r m s supporting trade and ease of doing business, creation of modern and sustainable infrastructure of global standards, promoting logistics by establishing multimodal terminals along inland waterways, expansion in
shipbuilding and recycling activities and various other measures aimed at harnessing the immense potential of the country’s coastline to the fullest,” Sonowal said in his foreword to the Vision.
Building partnership and enhancing maritime cooperation with the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and Indian Ocean Rim Association (IORA) member states is one of the important steps for India to grow its global stature as a maritime power, according to the Maritime Amrit Kaal Vision.
Port workers defer nationwide strike after successful talks with Govt
N E W D E L H I : U n i o n s representing port and dock workers recently deferred their nationwide strike after talks with the government assuaged their concerns on pay revision and allowances, which broke the ice and averted disruption to the country’s shipping.
“The nationwide indefinite strike called by six federations of port and dock workers from August 28 is d e f e r r e d c o n s e q u e n t o n a Memorandum of Understanding between the Chairman of the IPA, the MD of IPA, and representatives of the sixfederations,”ajointstatementsaid.
The statement was signed by union leaders from All India Port and Dock Workers Federation, All India Port and Dock Workers Federation (Workers), Water Transport Workers Federation of India, Indian National Port and Dock Workers Federation, Port dock and Waterfront Workers Federation of India, and Bharatiya
Port and Dock Mazdoor Mahasangh.
A crucial meeting between labour unions of the country’s 12 major ports, Union Minister for Ports Shipping and Water ways Shri Sarbananda Sonowal, and the Indian Ports Association (IPA) on wage revision and pension benefits reached consensus, potentially averting a strike that could disrupt
India’s shipping
“The Bipartite Wage Negotiation Committee meeting saw discussions between union leaders and Indian PortsAssociation,andafitmentbenefit of 8.5 per cent on the aggregate amount of basic pay as on 31 December 2021, plus 30 per cent of VDA as on 1 January 2022 shall be given,” sources aware of thedevelopmentssaid.
Shanghai ranks 3rd in International Shipping Centers
SHANGHAI: Shanghai was rated third among international shipping centers, only after Singapore and London, according to the 2024 XinhuaBaltic International Shipping Center Development Index published recently.
In this year’s ranking, the top 10 international shipping center cities are Singapore, London, Shanghai, Hong Kong, Dubai, Rotterdam, Athens-Piraeus, Ningbo-Zhoushan, Hamburg and New York-New Jersey, respectively, according to the report.
Little change is seen among the top-ranking cities, indicating that global shipping resources and allocation capabilities are in a stable status, said the report.
Ranking third again, Shanghai has consolidated its position as an international shipping center despite global economic uncertainties and a complicated international trade environment.
Shanghai’s performance in 2023 showcased its strong resilience and adaptability, and the port of Shanghai became the prime choice of gateway for many export-oriented enterprises, the report said.
S h a n g h a i ’ s c o m p r e h e n s i v e capability as an international shipping center was further proven by its cruise industry upgrade. The nation’s first domestically built cruise ship Adora Magic City completed trial operation, and Huaxia International
Cruises Co Ltd was established and made Shanghai its home port. Both showed that China’s cruise industrial chain and supply chain management capability have reached a higher level, and demonstrated the strong m o m e n t u m o f S h a n g h a i ’ s international shipping center, the report said.
“As Shanghai is developing into an international shipping center at a higher level, we will further promote the high-quality development of shipping services and make the international shipping center more convenient, efficient, fully functional, open and integrated, green, and intelligent,” said Zhang Xiaohong, Vice-Mayor of Shanghai.
Containership contracting spree now exceeds 10 million TEU : BIMCO
LONDON: “When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the container ship contracting spree that began in 2021 had finally cooled. However, the appetite for new ships remains high and year-to -date contracting already exceeds the 2023 full year total. That brings the total capacity contracted since the start of 2021 to 10.47m TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
T h e 1 5 9 m T E U c a p a c i t y contracted so far in 2024 is the third highest since 2008, only exceeded by the first seven months of 2021 and 2022. In combination with the 8.86m TEU contracted in 2021-2023, the previous four-year contracting record of 8.31m TEU (2004-2007) has already been surpassed by far
Compared to the size of the fleet at the beginning of 2021, the capacity contracted since then will add 44% new capacity Actual fleet growth will however depend on how many ships are recycled.
“Ship recycling activity has been very low since 2021 and the 3 88m TEU contracted and delivered since then has – along with capacity contracted before 2021 – already contributed to a 25% expansion of the fleet since January 2021,” says Rasmussen.
Since only 150 ships (0.24m TEU) have been recycled since 2021, the many new ships delivered have not been enough to keep the average age of the fleet in check. The average age of container ships have increased from 13.0 years at the beginning of 2021 to 13.9 years today.
In the coming years, recycling could increase significantly and partly or fully retire the 10% of capacity and 20% of ships that are currently over 20 years old. However, the current order book/fleet ratio is 22% and even more ships could be contracted and delivered before the older ships have been recycled.
Although freight rates and time charter rates suffered a setback during 2023 because market growth could not keep pace with fleet growth, the Red
Sea crisis has lengthened voyages and increased demand for ships this year
In fact, had the fleet not grown substantially before the Red Sea crisis began, it could have developed into a majorsupplychaincrisis.
“The fleet is expected to grow at least 12% before the end of the decade, equal to an average annual growth rate of 2.4%. Although cargo volume growth might match that pace, we could see pronounced oversupply if fleet growth ends higher and the Red Sea crisis ends, lowering ship demand significantly,” says Rasmussen.
ECoR achieves fastest ever loading of 100.57 MT freights in 148 days
NEW DELHI: The East Coast Railway (ECoR) has set a new benchmark in freight transportation by achieving the fastest-ever loading of 100.57 million tons (MT) of freight in just 148 days, during the current fiscal year of 2024-25 This marks a significant milestone not only for ECoR but for Indian Railways as a whole, showcasing unparalleled efficiency in freight management. In comparison, ECoR had taken 152 days to reach the same figure in the 2023-24 fiscal year As of August 26, 2024, the Railway has recorded a 3.37 percent increase in freight loading, with 3.282 million tons more loaded compared to
corresponding period of the previous year This exceptional achievement is
performance of all three divisions under ECoR’s jurisdiction—Khurda Road, Waltair, and Sambalpur Each Divisional Railways of ECoR has significantly contributed to this s
categories. Key contributors to this freight milestone include major industrial hubs and ports such as Talcher, Paradeep, Dhamara, Visakhapatnam, Gangavaram, Keonjhar, the KK Line, steel plants, and aluminum plants within ECoR’s
jurisdiction. In terms of Division-wise contributions, the Khurda Road Division led with 64.32 MT of freight, followed by the Waltair Division with 27 675 MT and the Sambalpur Division with 8.575 MT. ECoR sources said during the period 60.93 MT of coal , including 22.449 MT of imported coal, 3.812 MT of Raw Material for Steel Plants,8 168 MT of iron and steel,: 12.153 MT of Iron Ore, 32.873 MT of C e m e n t a n d 1 0 7 6 M T o f Foodgrains,2.284 MT Fertilizer, 1.24 MT Petroleum Oil, Lubricants and 2.151 MT Freight containers besides 8.419 MT of other cargo were handled by the ECoR.
India-Oman FTA talks at advanced stage
NEW DELHI: Discussions for the proposed free trade agreement (FTA) between India and Oman are at an advanced stage and both sides hope to conclude the pact early, Indian Ambassador to Oman Amit Narang said on August 27.
The pact will give a significant push to bilateral trade and investment ties between the two countries, he said.
The pact, officially known as the Comprehensive Economic Partnership Agreement (CEPA), is expected to boost Indian exports to the west Asian country by eliminating duties, especially on p e t r o l e u m p r o d u c t s , t e x t i l e s , e l e c t r o n i c s , p h a r m a c e u t i c a l s , machinery, and iron and steel.
“Discussions for a bilateral CEPA with Oman are at an advanced stage. We hope to conclude these discussions
early and once this is done, this will be a significant push to bilateral, not just trade, but also bilateral investment ties,” Narang said.
Addressing an event organised by Ficci in New Delhi, the Indian Ambassador to Oman also highlighted the significant potential for enhancing direct shipping links between the two nations as a large part of Indian exports to Oman come not directly but through the UAE. He said the India-Oman bilateral trade, which crossed $12 billion in 2022-23, has moderated and settled at $8 billion in Fy24.
“Between 2021 and 2023 the bilateral trade between India and Oman more than doubled… we went from $5 billion to cross $12 billion.
“In the past financial year, the bilateral trade has moderated a little bit,
it has settled to $8 billion… moderation is mainly on account of over dominance of hydrocarbons in the bilateral trade,” Narang said.
“India imports a lot of oil and fertilisers from Oman and this decline in the value terms of the trade this year is a reflection of the decline in values of these two commodities globally,” Narang said.
He pointed out that a large part of Indian exports to Oman come not directly but through the UAE and these are not reflected in the India-Oman bilateral trade but in India’s trade with the UAE, adding that there is potential for enhancing direct shipping links.
The Gulf Cooperation Council (GCC) brings together six Arab countries — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.
Exporters express relief as Port Strike deferred, ensuring Shipment continuity
NEW DELHI: Exporters on Tuesday welcomed the decision by port and dock workers’ unions to postpone their indefinite strike, which was set to begin on Wednesday. The strike could have significantly d i s r u p t e d I n d i a ’ s o u t b o u n d shipments. The exporting community has already been grappling with issues due to the Red Sea crisis, which has caused a spike in freight rates and a shortage of containers.
The Federation of Indian Export Organisations (FIEO), Director General, Mr. Ajay Sahai expressed relief over the deferment. “We were very worried about the strike as it could have seriously impacted our outbound shipments for Christmas and New Year Now we are feeling so relieved because of the deferment of the strike. We had approached the commerce ministry on the issue,” he said.
Mr. Sanjay Budhia, Chairman of the CII national committee on Export-Import, echoed similar sentiments. He noted that the strike a n n o u n c e m e n t h a d c r e a t e d significant uncertainty for exporters and buyers worldwide. “Particularly worrisome was the fact that if strike could have started from tomorrow as
apprehended, being the crucial last few days of the month, entire monthly targets would have gone haywire,” said Mr Budhia, who is also Managing Director of Patton Group.
The Hand Tool Association of India Chairman Mr. S.C. Ralhan also commented on the situation He mentioned that the exporting community is now breathing a sigh of relief following the announcement to defer the strike.
The decision to postpone the strike came after a marathon meeting in New Delhi between representatives o
management They reached an agreement on workers’ demands during this meeting held on Tuesday
A
o o rdinatio n committee meeting in Tuticorin, Tamil Nadu, on August 8, major port workers’ unions affiliated with five federations had decided to go on an indefinite strike starting August 28. They aimed to press for immediate wage revision and other benefits that have been pending for nearly 32 months.
A top port official confirmed that the federations agreed to postpone the proposed strike from August 28. There are about 20,000 permanent
port and dock workers employed across 12 major ports in India.
Union Affiliations The workers’ unions are affiliated with five federations: All India Port and Dock Workers Federation, All India Port and Dock Workers Federation Workers, Water Transport Workers Federation of India, Indian National Port and Dock Workers Federation, and Port, Dock and Waterfront Workers Federation of India.
India’s exports contracted by 1.2 per cent to USD 33.98 billion in July after remaining positive for three months. Meanwhile, the trade deficit widened to USD 23.5 billion. Exports d u r i n g A p r i l - J
l y t h i s f i s c a l year surged by 4 15 per cent to USD 144.12 billion, while imports grew by 7.57 per cent to USD 229.7 billion.
The postponement of the strike has provided much-needed relief to exporters who were already facing challenges due to global issues affecting freight rates and container availability The agreement between w o r k e r s ’ u n i o n s a n d p o r
management has averted what could have been a significant disruption in India’s export activities during a c r u c i
shipments.
Centre establishes NBFC under Sagarmala Project
NEW DELHI: The Shipping Ministry has proposed the launch of a Non-Banking Finance Company ( N B F C ) u n d e r i t s S a g a r m a l a Initiative to address the financing needs of the shipping and shipyard sectors, according to two senior officials familiar with the matter The finance ministr y is cur rently evaluating the proposal, the officials from the shipping ministry told. The non-bank lender will also require clearance from the Reserve Bank of India to commence lending The officials expect the shipping ministry to secure all necessary approvals and launch the new NBFC by December
The NBFC is intended to act as a specialist lender for shipping companies and shipyards, which often face difficulties in securing bank loans, the officials stated, requesting anonymity They did not disclose the anticipated shareholding structure of the proposed NBFC but mentioned t h a t i t w o u l d b e e s t a b l i s h e d independently, with its specific s t r u c t u r e d e t e r m i n e d a f t e r Sagarmala receives the necessary approvals.
The NBFC is expected to raise funds from banks and the corporate
bond market for on-lending. One official remarked that their goal is to offer competitive financing options to the shipping and shipyard sectors. In the current economic climate, access to debt financing, particularly for these industries, is limited, the official noted. Based on recent interactions with the sector, it was found that the shipping and shipyard industry lacks infrastructure status, leading to constrained financing for that segment. Consequently, sectoral nonbanking financial companies are deemed crucial for the industry’s growth.
Shipping is emerging as a new investment opportunity in India, but the countr y cur rently lacks a specialist lender for the industry following the merger of the Shipping Credit & Investment Corporation of India with ICICI in 1997, a senior bank official pointed out. Unlike the power sector, which has financiers like Power Finance Corp, REC, and Indian Renewable Energy Development Agency, the shipping and shipyard industry players rely on banks for their financing needs. However, the failures of two of India’s largest shipyards “ABG Shipyard and Bharati
D e f e n c e ( f o r m e r l y B
Shipyard)” have made bankers cautious about lending to this sector, the banker added.
In shipping, banks do not accept ships, the main assets for companies in the sector, as collateral, making it challenging for these companies to raise funds. As of June 28, outstanding bank loans to the shipping industry totalled Rs 7,019 crore, which was 3 7% lower than the previous year, according to RBI data. The official mentioned that the NBFC would be formulated under Sagarmala to provide equity and funding support for the maritime sector While there has been equity investment, there is also a need for lending in light of the sector’s vision. The proposal has been submitted to the Ministry of Finance and is being seriously considered. Under the Sagarmala national programme, launched in 2015, 839 projects worth Rs 5 8 trillion have been undertaken across five key areas: port modernisation and
development, and coastal shipping and inland water transport.
m.v.
“MSC ANNA”
Voy : QS434R I.G.M. 2386371 Dtd. 26-08-24
The above vessel is arriving on 30/08/2024 at MDPT (MUNDRA) with Import cargo from BELAWAN, SUMATRA, BUSAN, CALLAO,DALIAN, FUZHOU, HAIPHONG, KAOHSIUNG, LAEM CHABANG, LONG BEACH, NAGOYA JAPAN, NINGBO, NOVOROSSIYSK, QINGDAO, RODMAN, SEMARANG, SHANGHAI, SHEKOU, SURABAYA, TAICHUNG, TIANJINXINGANG, TOKYO JAPAN, VANCOUVER, VUNG TAU, XIAMEN.
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
The above vessel is arriving on 30/08/2024 at MDPT (MUNDRA) with Import cargo from BELAWAN, SUMATRA, BUSAN, CALLAO,DALIAN, FUZHOU, HAIPHONG, KAOHSIUNG, LAEM CHABANG, LONG BEACH, NAGOYA JAPAN, NINGBO, NOVOROSSIYSK, QINGDAO, RODMAN, SEMARANG, SHANGHAI, SHEKOU, SURABAYA, TAICHUNG, TIANJINXINGANG, TOKYO JAPAN, VANCOUVER, VUNG TAU, XIAMEN.
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
The above vessel is arriving on 30/08/2024 at MDPT (MUNDRA) with Import cargo from BELAWAN, SUMATRA, BUSAN, CALLAO,DALIAN, FUZHOU, HAIPHONG, KAOHSIUNG, LAEM CHABANG, LONG BEACH, NAGOYA JAPAN, NINGBO, NOVOROSSIYSK, QINGDAO, RODMAN, SEMARANG, SHANGHAI, SHEKOU, SURABAYA, TAICHUNG, TIANJINXINGANG, TOKYO JAPAN, VANCOUVER, VUNG TAU, XIAMEN.
Please note the item Nos. against the B/L Nos. for MDPT (MUNDRA) delivery.
MUNDRA
513
MEDUVP365582
912 JAM247459
206 MEDUVP367661
460 CSHMF240724782
512 MEDUVP377744
269 MEDUVP383155
144 MEDUVP389129
207 MEDUVP391018
522 MEDUVP393964
271 MEDUVP396306
139 UESZ24073824
657 MEDUVP405891
736 MEDUVP409711
267 MEDUVP413739
264 MEDUVP419553
604 WTLSHA24070136
843 MEDUVP436243
253 MEDUVP445442
437 MEDUVP452513
510 MEDUVP458452
519 MEDUVP474459
680 MEDUVP483575
929 MEDUWC706985
170 MEDUWC710698
222 MEDUWC715903
219 MEDUWC716075
338 MEDUWC718238
356 MEDUWC720010
335 MEDUWC732494
337 MEDUWC735638
423 MEDUWC738400
167 GDWV24071580A
971 MEDUWC808823
245 MEDUWC823632
466 GSZS0172214
185 MEDUWC841527
752 MEDUWC843705
973 MEDUWC846963
529 MEDUWC854579
714 MEDUWC855766
541 MEDUWC858042
427 MEDUWC858943
969 MEDUWC861749
181 MEDUWC864164
711 MEDUWC867100
544 MEDUWC872456
326 MEDUWC875657
756 MEDUWC881697
797 SHAMUN24070101
HGCK240792867
755 MEDUWC898303
817
823
WSZ24070756
494
MEDUXC188059
YSNBF24073349
NPSELHT245954
MEDUX9289513
MEDUX9309055
SUB797BJASCOLOG24
UESZ24073849 886 MEDUXC143708
WTLNGB24070009 615 WTLNGB24070037
WDE202407099
YSNBF24080892
YSNBF24080279
MEDUXC186608
568 MEDUYT732482
369 MEDUYT734025
930 MEDUYT740261
767 MEDUYT750906
368 MEDUYT759832
669 MEDUYT766266
697 MEDUYT771340
772 MEDUYT781299
567 MEDUYT797972
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 - ; 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 email : IN363-comm.mundra@msc.com • Website : www.msc.com Corporate Identity Number : U63090MH2001PTC133288
ACBA organised Convocation Ceremony for "Recognition of Prior Learning" (RPL) Training Program
Cont’d. from Pg. 4
The event underscored the commitment of all involved in promoting skill development and excellence within the logistics sector
The convocation ceremony commenced with an inspiring opening speech by Mr. Parag Baraiya, Vice President of ACBA, who recalled the words of the late Dr. APJ Abdul Kalam, emphasizing the importance of sustainable development and the crucial role of youth in creating a more livable planet.
The event was further honored by the presence of distinguished guests, including Dr. S.P. Singh, Director General of Kaushalya The Skill University; Dr. Jaimin Vasa, Chairman and Managing Director of Vasa Group of Companies and Managing Trustee of Dr. Jaimin Vasa Foundation; and Mr. Samir J. Shah, Partner of the JBS Jeena Group and Director of JBS Academy Pvt. Ltd. Their addresses provided valuable insights into the significance of skill development and sustainable growth, inspiring all attendees.
A special segment of the ceremony was dedicated to honoring outstanding participants and trainers who made significant contributions to the program. Special awards
were presented to female participants and top performers, highlighting their dedication and hard work throughout the training.
In recognition of their invaluable contributions to the program, mementos were presented to Mr. Samir J. Shah, Mr. Suhrid Fonseca, and Dr. Darshan Mashroo. Their commitment and support were greatly appreciated, reflecting the collaborative efforts that made the RPL training program a resounding success.
The event concluded with a heartfelt Vote of Thanks delivered by Mr Rajesh Meghrajani, who acknowledged the contributions of everyone involved in making the program a success.
APM Terminals Pipavav Boosts Sustainable Fishing with Solar Technology
P I P A V A V :
In a move that blends innovation with community support, APM Terminals Pipavav has unveiled its latest initiative to empower local fishermen. The company handed 8 units of solarpowered fish dryers to fishing groups in Shiyalbet village, marking a significant leap towards sustainable fishing practices in the region.
This cutting-edge technology addresses a longstanding challenge faced by local fishing communities, particularly those catching the Bombay duck variety. The solar dryers promise to revolutionize the traditional fish drying process, offering a cleaner, more efficient alternative that could substantially boost the livelihoods of these hardworking fishermen.
In addition to the solar fish dryers, GPPL has supported the formation of Sagarmitra, a Fisheries Producer Company at Jafrabad, currently associated with 425 fishermen. Sagarmitra aims to strengthen the bargaining power of local fishermen and help them realize better value for their products through improved market linkages.
GPPL's support for the fishing communities of Shiyalbet, Divalo, and Thavi extends beyond this recent initiative The company has previously distributed a wide range of essential equipment including first aid boxes, ice boxes, solar boat lights,
fishing nets, GPS units, life jackets, and many other items to enhance safety and productivity
These comprehensive CSR initiatives reflect APM Terminals Pipavav's long-term commitment to sustainable development in the region. By addressing critical issues such as livelihood enhancement, safety, and sustainable fishing practices, the company aims to create lasting positive change in the lives of local fishing communities
