MUM-02-05-2023

MSC enhances connections between Africa, Middle East and India

GENEVA: As part of MSC's ongoing commitment to enhancing services between Africa, the Middle East and India, we are pleased to announce the following updates toourIndiaAfricaService(IAS)andIndiato South Africa Servicefrom May2023, informs arecentcommuniquefromMSC. Cont’d. Pg. 6

GMU hosted International Conference on Climate Justice and Sustainable Environment

Concludes with a Call for Solidarity and Collaboration towards a Sustainable Future

GANDHINAGAR: In celebration of World Earth Day, Gujarat Maritime University and Gujarat National Law University jointly hosted the International Conference on Climate Justice and SustainableEnvironment(ICCJSE)onApril22-23.

The conference brought together 67 students and 25 faculty members from 40 universities across 13Indianstates...

Cont’d. Pg. 6

MSC enhances connections between Africa, Middle East and India

Cont’d. from Pg. 3 INDIAAFRICASERVICE(IAS)

The current India Africa Service (IAS) rotation will be updatedwithdirectcallsatCoega,AbuDhabiandJebelAli.

The new rotation of the service will be as follows with weeklyfrequency: Mundra –Nhava Sheva –Colombo –Abidjan – Lomé –Tema – Coega –Abu Dhabi –JebelAli–Mundra.

The first vessel on this new rotation will be MSC ESTHI voyage number IW316R, due to arrive in Coega on 11May2023.

INDIATOSOUTHAFRICASERVICE

MSC’s India to South Africa Service rotation will be updatedtolinktheportsofDurban,JebelAliandAbuDhabi,

creating a direct connection between Durban and the Middle East.

The new rotation of the service will be as follows with weekly frequency:

Durban – Jebel Ali – Abu Dhabi –Ad Dammam –Bahrain – Mundra –NhavaSheva–Hazira–Colombo–PortLouis–Durban.

The first vessel on this new rotation will be MSC ROBERTA voyage number IA317R, due to arrive in Durbanon10May2023.

The new calls at these strategic ports will provide MSC customers with improved connections and transit times between Africa, the Middle East Gulf and India and will particularly benefit customers with reefer cargo.

GMU hosted International Conference on Climate

Justice and Sustainable Environment

Concludes with a Call for Solidarity and Collaboration towards a Sustainable Future

Cont’d. from Pg. 3 who presented 83 research papers on climate change and its impact on the environmentandsociety.

The conference featured distinguished speakers such as Hon’ble Mr. Justice Sandeep Mehta (Chief Justice, Gauhati High Court), Hon’bleMr.JusticeNiralMehta(Judge,Gujarat High Court), and Prof. (Dr.) S. Shanthakumar (Director, Gujarat National Law University), who emphasized the crucial role of the judiciary in protecting the rights of underprivileged individualsaffectedbyenvironmentalissues.

achieving a harmonious environment. Various sessions explored topics such as insufficient commitments on an international level, collective conscience to care for the environment, the importance of mobilizing younger generations, blue economy and sustainable development as amarketableconcept.

In his closing remarks, Prof. (Dr.) S. Shanthakumar, Director of Gujarat National Law University, stressed the importance of such conferences in fostering meaningful connections and friendships. He emphasized that only through solidarity and collaboration can we effectively tackle the challenges of climate change and achieve a sustainablefuture.

Other speakers and experts included Shri. R.K. Sugoor IFS (Director, Gujarat Ecological Education and Research (GEER) Foundation, Gandhinagar), Prof. (Dr.) Nishtha Jaswal (Vice-Chancellor, Himachal Pradesh National Law University), Prof. (Dr.) Paramjit S. Jaswal (Vice-Chancellor, SRM University, Delhi NCR), Prof. (Dr.) Ranbir Singh (Former Vice-Chancellor, National Law University, Delhi), and Prof. (Dr.) Jagadeesh Chandra T.G. (Registrar, Gujarat National Law University), Prof. Camena Guneratne, Shri. Vivek Kapadia, Prof. (Dr.) Sairam Bhat, Prof. (Dr.) N. Kayalvizhi Nadimuthu, Vice Admiral Pradeep Chauhan, Dr.Md.NazrulIslam(AsifNazrul),andDr.UdayShankar.

During the conference, participants engaged in meaningful discussions on the need for individual and collective action, local cultures and the role of law in

The International Conference on Climate Justice and Sustainable Environment (ICCJSE) 2023 concluded with a resounding call for action and collaboration towards a sustainablefuture, markingasignificantstepforwardinthe fightagainstclimatechange.

FOR EXPORT LOADING

SCANDINAVIAN, RED SEA & MED. PORTS from NSICT

Cont., Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos

Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens,

Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

TSS L'Global Ag. U.K., North Continent & Scandinavian Ports. Dronagiri-2

AMI Intl. AMI Global U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3

Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.

Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSIGT

Leader

Allcargo Log.

Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1

North Cont., Scandinavian & Med. Ports. Dron. 2 & Mul.

North Continent & Scandinavian Ports. JWR

Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre,

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED.

TO LOAD FOR BLACK SEA, EAST EUROPE & C.I.S PORTS from NSFT / NSICT

TO

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from BMCT

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

Bay Line Freight Conn. Port Sudan & Al Sokhna

GULF PORTS From NSIGT

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

COASTAL SERVICE MOVEMENT

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

Navios Bahamas 890E

29/0530/05 TBATBA Wide Alpha 236E

CISC Service

In Port 02/05 Shanghai Voyager E2303 P0080 270037-11/04

PIL India/ONE(I)

Shanghai, Ningbo. Dronagiri

ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS

KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3

TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2

HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo (CSC) Dronagiri

10/0511/05 TBATBA Grace Bridge E2303 P0107 270349-17/04 Heung

VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING

PORTS from GTI

& Mul. 24/0525/05 TBATBA Seamax Stratford 122E ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. 01/0602/06 TBATBA Zim Europe 78E COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.

06/0607/06 TBATBA OOCL Genoa 063E Gold Star Star Ship Singapore, Hong Kong, Shanghai.

ANL CMA CGM Ag. Port Kelang, Singapore Dron.-3 & Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSFT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT

TO

from GTI

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from BMCT

JAIGARH PORT LIMITED

Major Ports achieve Record-Breaking Milestones in FY 2022-23, Boosting Trade and Economic Growth : Sarbananda Sonowal

NEW DELHI: Union Minister of Ports, Shipping & Waterways and AYUSH, ShriSarbanandaSonowal said FY23 saw India’s Major Ports reach unprecedented heights, setting new records across various key performance indicators.

Speakingatthe2ndEditionof FICCI’s Port Infrastructure Conclave in New Delhi Shri Sonowal noted that Major Ports collectively handled a record-breaking 795 million tonnes of cargo, registering a 10.4% growth over the previous year. Furthermore,theyachievedthehighest-everoutputperdayof 17,239 tonnes, marking a 6% increase compared to last year. Another significant accomplishment was the best-ever operating ratio of 48.54%. He said the Jawaharlal Nehru Port Authority (JNPA) set a new benchmark by handling over 6 million TEUs, reflecting the highest container throughput. Hesaidthemajorportsrecordedtheirhighest-evernumberof vesselshandled,reachingatotalof21,846vesselsintheyear.

Shri Sonowal noted that under the leadership of Prime Minister Shri Narendra Modi the Indian shipping industry has witnessed a remarkable increase in the number of ships, gross tonnage, and seafarers employed. He said the fleet of shipssailingundertheIndianflaghasexpandedfrom1,205in 2014 to 1,526 by 2023, showcasing the country’s commitment to strengthening its maritime presence. This growth has been accompanied by a significant rise in gross tonnage, increasing from 10.3 million in 2014 to 13.7 million in 2023, reflectingtheenhancedcapacityandscaleofoperations.The Union Minister said furthermore, the number of Indian seafarers has grown from 1,17,090 in 2014 to a remarkable 2,50,071 in2022, registeringanincreaseofalmost114%injust nineyears.

Shri Sonowal emphasised that these historic achievements underscore India’s dedication to developing and modernising its port infrastructure to boost trade and supporteconomicgrowth.

The Union Minister said India’s progress in developing state-of-the-art port infrastructure and outlined future plans for the maritime sector. He pointed out, “95% of India’s tradingbyvolumeand70%byvalueisdonethroughmaritime transportation. For smooth and efficient trading, mostmodern and advanced port infrastructure is of paramount importance.”

Shri Sonowal emphasised the importance of incorporating technology into port operations, stating that “smart ports are the future, and we are already making significant strides towards this goal.” By leveraging data analytics and artificial intelligence, India aims to optimise port operations and boost efficiency. He alluded to recent digital initiatives such as the NLP-Marine and Sagar-Setu app, geared towards bringing all stakeholders onto a single platform, reducing logistical costs and time, and improving overall efficiency. Additionally, major ports are embracing automation, with the installation of gate automation, enterprise business solutions, and container scanners, he added.

Shri Sonowal said that major ports are under developmenttobecomehydrogenhubsforhandling,storage, and transportation of green hydrogen. Deendayal, Paradip, and V.O. Chidambaranar ports have already begun developing the necessary infrastructure for hydrogen bunkering, he said. Mr Dhruv Kotak, Chairman, Ports & Shipping, FICCI Committee for Transport Infrastructure, lauded the Government for its commitment to sustainability andgreenportinitiatives.MrKotaknotedthattheGreenPort Policy aims to transform the port ecosystem by focusing on emission management across scope one, scope two, and scope.

Shri Sonowal also launched the FICCI – CRISIL Knowledge Paper on ‘Smart, Safe & Sustainable Ports.’ The Knowledge Paper delves into the key elements that contribute to the creation of smart, safe, and sustainable ports. It offers a comprehensive overview of the latest technological advancements, operational best practices, and sustainability initiatives that port operators can adopt to optimize port efficiency and minimize environmental impact.

India funded Sittwe Port in Myanmar set to open on 9 May

KOLKATA: The Sittwe Port in Myanmar funded by India under the $500 million Kaladan Multimodal Transit Transport ProjectwillstartoperationsinMaywiththeinauguralrunofa ship from Netaji Subhas Dock in Syama Prasad Mookerjee Port,Kolkataon4May.

The ship is scheduled to arrive in Sittwe Port on 9 May where a contingent from the Indian side led by Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, will grace a reception ceremony for the vessel, Government sourcessaid.

The opening of the Sittwe port will boost trade and commerce between the two neighbouring countries, a Governmentofficialsaid.

Sittwe is a deepwater port constructed by India at the capitalofRakhineStateinMyanmar,ontheBayofBengal.

SituatedatthemouthoftheKaladanRiver,the$120million port is funded by India as a part of the Kaladan Multimodal Transit Transport Project, a collaboration between India and Myanmar, aimed at developing transport infrastructure in SouthwesternMyanmarandnorth-easternIndia.

The Kaladan Multimodal Transit Transport Project was conceived by India to provide an alternative route to India’s

landlocked north-eastern states. The only access to these seven states is through the Siliguri Corridor, a narrow strip of Indian territory wedged between Nepal and Bangladesh, referredtoasthe‘Chicken’sNeck’.

Routing all cargo destined for the northeast through this corridorcausessignificanttransportationdelaysandcost.

The Kaladan project also seeks to accelerate infrastructure and economic development in India and Myanmar.

The project includes the construction of a deepwater port at the mouth of the Kaladan River in Sittwe, the dredging of the river to enable cargo vessels to navigate the river from Sittwe to Mizoram in India, the construction of a river port at Paletwa in Myanmar’s Chin State and the upgrade of highways from Paletwa to Myeikwa on the Indo-Myanmar border.

With the opening of the port, cargo ships can ply between the eastern Indian seaport of Kolkata and Sittwe seaport in MyanmarviatheBayofBengal.

InMyanmar,itwillthenlinkSittweseaporttoPaletwajetty in Chin State via the Kaladan river boat route, and then from PaletwabyroadtoMizoraminNortheastIndia.

Drewry: World Container Index down by 2% last Week, 78% lower than Last Year

LONDON: Drewry’s composite World Container Index decreased by 2% to $1,740.26per40ftcontainerlast week.

Drewry’s detailed assessment for Thursday, 27April2023

• The composite index has decreased by 2% last week, and has dropped by 78% when compared with the sameweeklastyear.

• The latest Drewry WCI composite index of $1,740per40-footcontainerisnow83%belowthepeakof $10,377 reached in September 2021. It is 35% lower than the 10-year average of $2,688, indicating a return to more normal prices, but remains 23% higher than average2019(pre-pandemic)ratesof$1,420.

• The average composite index for the year-to-

dateis$1,890per40ftcontainer,whichis$797lowerthan the10-yearaverage($2,688mentionedabove).

• The composite index decreased by 2% to $1,740.26 per 40ft container, and is 78% lower than the same week in 2022. Freight rates on Rotterdam –ShanghaiandNewYork–Rotterdamfell4%eachto$596 and $926 per feu, respectively. Rates on Shanghai –Genoa slid by 3% or $75 to settle at $2,193 per 40ft box. Similarly, rates on Shanghai – Los Angeles and Shanghai – New York contracted by 2% each to $1,820 and $2,780 per 40ft container, respectively. Rates on Rotterdam – New York dropped 2% to $4,806 per feu. Rates on Shanghai – Rotterdam had a meagre drop of 1% to $1,592 per 40ft container. However, rates on Los Angeles – Shanghai inched up by 1% to $1,017 per feu.

Drewry expects East-West spot rates on routes other thanthetransatlantictoriseinthenextfewweeks.

CBIC defers 2nd phase of Customs e-payment

NEW DELHI: With the Electronic CashLedgerfacilityforCustomsduty payments facing hiccups after its launch earlier this month, the finance ministry has decided to postpone the next phase of the project by two months to June 30. The phase was to startonMay1.

Accordingly, the Central Board of Indirect Taxes and Customs has given a three-month exemption to payments relating to baggage and international courier shipments from theECLfacility.

The exemption, which was till April 30, has not been extended till June 30, according to a CBIC notification.

The exemption would be available to goods imported or exported in Customs stations where Customs automated system is not in place;

goods imported or exported in International Courier Terminals and accompaniedbaggage.

LaunchedonApril1,theECLisan automated payment system under which users can maintain noninterest-bearing deposit for payment of taxes. However, it faced glitches in the initial days of its launch and export-import traders complained that they were unable to make payments.

While the CBIC had recently said that the system is now “moving towards normalcy”, users said it wouldrequiresomemoretimeuntilit isfullyfunctional.

“System is not fully stabilised and courier imports are urgent imports. Thus, any delay will cost heavily and will defeat the purpose of lifting through courier. A pragmatic

decision,” said Ajai Sahai, DG and CEO, Federation of Indian Export Organisations.

Ankur Gupta, Practice Leader (Indirect Tax), SW India said the intent seems to streamline the ECL mechanism and make it available in allportsofIndiasothattheimporters do not face challenges in clearing the goods. “Further, the courier and baggage exemption extension is to streamline the clearance and might be taken up as a second phase once ECL is implemented smoothly in otherareas,”hesaid.

In the initial days of its launch, the CBIC had as an interim measure waived interest on the payment of customs duty through the ECL and subsequently said that this dispensationwouldcontinueforthree daysuntilthesystemstabilises.

Rajnath Singh & Iranian counterpart review progress of key INSTC Freight Corridor involving Russia

NEW DELHI: Defence Minister

Rajnath Singh and his Iranian counterpart Brigadier General

Mohammad Reza Gharaei Ashtiyani recently reviewed the progress of the key International North-South Transport Corridor (INSTC) — a 7,200 km-long multi-mode transport project to facilitate movement of freight along Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe,besidesthetwocountries.

Both India and Iran have backed the project, which seeks to open up a new trade corridor between said countries. Russia, Iran and India had in 2002 signed the agreement for the NSTC project of which the three are foundingmemberstates.

This project, along with bilateral defence cooperation, came up for

discussion in the bilateral meeting held between the two leaders in New Delhi, ahead of the Shanghai Cooperation Organisation (SCO) defenceministers’meeting.

A statement by the Ministry of Defence (MoD) said both leaders exchanged viewsonregionalsecurity issues, including peace and stability in Afghanistan. It added that the International NSTC aims to ease logistic problems in Afghanistan and othercountriesincentralAsia.

“Both the leaders emphasised on the age-old cultural, linguistic and civilizational ties between the two countries, including people-to-people connect,”readthestatement.

Sourcesinthedefenceandsecurity establishment said NSTC has receivedstrongsupportfromIndia.

Incidentally, the first India-bound Russian cargo — sent by train for the firsttimeusingtheINSTC—reached Iran last year, having covered around 3,800 km through Kazakhstan and Turkmenistan after which it was sent overtoIndiabysea.

India has been pushing for increased regional connectivity, pursuant to which it is developing the ChabaharportwithIran.

NewDelhihasproposedtoinclude the port in the framework of the INSTC.

PM Gati Shakti Rail Terminals : Bid terms set for recast

NEW DELHI: The Ministry of Railways is weighing plans to introduce a new rule for awarding bids for building Gati Shakti Cargo Terminals on Indian Railways land after aggressive bidding in some initial rounds of tenders resulted in a tie with all the bidders placing identical, highest price offers.

The new rule will allow potential bidders to split revenue accruing from infrastructure and value added services provided at the terminal with Indian Railways on top of the Terminal Charges (TC) and Terminal Access Charges (TAC) shared, which are currently

the criteria for awarding bids.

The Terminal Charges and Terminal Access Charges are levied by Indian Railways at its goods sheds/container rail terminals: when cargo comes on Railways-owned wagons, TC of Rs 20 per ton (for bulk cargo) is collected and when it arrives on privately-owned wagons, TAC of Rs1.6 lakh per rake (for containers) perentryisbilled.

For Gati Shakti Cargo Terminals set up entirely or partially on India Railways land, Railway will levy Terminal Charges and Terminal Access Charges similar to those

being levied on Railways goodssheds. These Terminal Charges and Terminal Access Chargeswillbe sharedwiththe Gati Shakti Cargo Terminal Operator (GCTO) according to the percentage quotedinthetender.

Bidders have to quote the percentage of Terminal Charges and Terminal Access Charges which they seek to claim from the India Railways for the traffic handled at the terminal, according to the criteria currently followed for deciding the tenders. The percentage offered has to be similar for both TC and TAC.

ICICI Bank offers a network of Rupee Vostro Accounts, expedites settlement of trade in rupee

NEW DELHI: ICICI Bank announcedthatitoffersRupeeVostro Account to enable Indian exporters and importers to pay and settle export-import transactions in Indian Rupees (INR). The proposition reduces the foreign currency risk borne by Indian exporters and importers as they can use INR for invoicing, payment, and settlement of theirtransactions.

ThisinitiativeisinlinewithIndia’s Foreign Trade Policy 2023 and RBI’s framework for invoicing, payment, and settlement of exports or imports in INR, in addition to US Dollar, Euro andothercurrencies.

The Authorised Dealer (AD) banksinIndiacanopenRupeeVostro Accountsofcorrespondentbank/sofa partner trading country to facilitate tradetransactionsinINR.ICICIBank has a wide array of over 100 Rupee Vostro Accounts of correspondent banks across 29 countries including USA,Canada,UAE,SaudiArabia,UK, Germany,andMalaysia.

Sumit Sanghai, Head – Large Clients Group, ICICI Bank saidina

statement, “In line with the Government of India and Reserve BankofIndia’smovetoboostforeign trade in rupees, ICICI Bank is offering Rupee Vostro Account to Indian exporters and importers to settle their international trade transactions in INR. ICICI Bank has a strong footprint of over 100 Rupee Vostro Accounts of banks located across 29 countries. As these countries cover most of India’s export/import corridors, Indian exporters and importers can easily settle their trade transactions in INR, and help to promote the growth of Indian global trade and increase international trade in Indian Rupees. Export-import is one of the biggest contributors to India’s economic growth. We believe our initiative will reduce the foreign currency exchange risk borne by our exporters and importers and will expedite international trade settlements.”

In addition to the Rupee Vostro Account facility, the Bank offers the most comprehensive array of digital

solutions for every stage in the export-import transaction lifecycle. It includes industry-first facilities such as Trade Online, the Bank’s flagship digital platform for export-import transactions; Trade APIs, which enable smooth handling of cross border trade transactions directly from customers’ ERP systems, thereby providing greater convenience;e-LCforlettersofcredit and Export Packing Credit (Insta EPC) for instant disbursal of export finance. Further, the Bank’s Trade Emerge platform offers a comprehensivedigitalsuiteofvarious bankingandbeyondbankingservices including an end-to-end journey from business incorporation, regulatory guidelines, partner discovery, logisticsandcargotrackingthrougha blend of services provided by trusted alliance partners. Additionally, the Bank offers Trade Accounts like Exchange Earners’ Foreign Currency Account (EEFC) and Current Accounts like One Globe TradeAccount(OGTA)forexportand importrelatedtransactions.

TimesPro, NITIE sign MoU to launch Programme in Digital Supply Chain Management

MUMBAI: TimesPro and the National Institute of Industrial Engineering (NITIE) have announced a strategic collaboration to launch the Post Graduate Executive Programme in Digital Supply Chain Management thatwillequipworkingprofessionalsto build a digitally enabled supply chain network and gain the expertise to navigate the challenges of our evolving globaleco-system.

TimesPro and the National Institute of Industrial Engineering (NITIE) recently signed a memorandum of understanding and will announce several new-age programmes catering to the industry requirements. The oneyear Post Graduate Executive Programme in Digital Supply Chain Management will aim to strengthen the learners’ concepts of the supply chain, procurement, manufacturing, logistics, warehouse, inventory management, etc. They will also gain industry skills to design supply chain strategies through

data analysis, initiate effective risk management measures, and integrate technology to deploy various functions forinteroperabilitytoboostefficiency.

Speaking on the announcement, Arun Kabra, President, Enterprise & Skilling Business and CFO, said, “We are delighted to collaborate with NITIE by launching the new-age Post Graduate Executive Programme in Digital Supply Chain Management that will elevate the skillsets of working professionals with cross-functional competencies. The highly experienced facultywillprovidelearnerswithvalued insights on strategy, operations, leadership, and technology that will enable them to achieve sustainable growth and be a part of the next-gen specialistsinsupplychainanalytics.”

Dr. Manoj Tiwari, Director, NITIE, said, “Professionals aiming to scale in digital supply chain management will benefit through new-age technological concepts like AI, ML, Analytics,

Demand Forecasting, Business Intelligence, etc. Technology is core to our programmes, and we aim to equip our learners with skills to pivot in their careers. NITIE and TimesPro have strategically collaborated to introduce programmes catering to sector-specific requirements and to address the challengesofIndustry4.0.

It will be conducted via TimesPro’s Interactive Learning (IL) platform and delivered through the Direct-to-Device (D2D) mode. The teaching approach willbehighlyinteractivewithreal-world insights, case studies, assignments, Capstone projects, assessments, and self-learning modules. The programme would include subjects such as Supply Chain Management, Operations Management, Business Optimisation, Project Management, Digital Supply Chain, Financial Analytics for Supply Chain, Global Logistics, Blockchain and IoT, Machine Learning, Demand Forecasting,etc.

India’s forex reserves fall by $2.16 billion

MUMBAI: India’s foreign exchange (forex) reserves declined by $2.16 billion to$584.24billionfortheweekendedApril 21duetoasharpdropinforeigncurrency assets,aspertheRBIdatareleased.

As per the weekly statistical

supplementreleasedbytheRBI,India’s foreign currency assets declined by $2.14 billion to $514.48 billion during the weekendedApril21.

The value of gold reserves declined by $24 million to $46.15 billion during the

week under review. India’s reserve position in the International Monetary Fund (IMF) declined by $14 million to $5.17 billion, while the Special Drawing Rights (SDRs) increased by $19 million to$18.43billion.

Container Ro-Ro Ships now hard to find, says Alphaliner

LONDON: Container ro-ro ships, which carry containers, vehicles and other rolling cargos, are becoming a rarityduetothedearthofsuchvessel orders in recent years, according to Alphaliner’slatestreport,released26 April.

Last week, Grimaldi Lines took delivery of one such ship, Great Antwerp, which is one of six sister vessels ordered at Hyundai Mipo Dockyard in South Korea. Great Antwerp,whichhasacapacityof2,000 TEUs, was the first conro vessel built in six years, after Grimaldi affiliate Atlantic Container Line received AtlanticSuninMay2017.

Alphaliner observed, “The youngestconrosinthelinerfleetwere actually delivered in 2018-2020 to the US operators Crowley and Matson buttheyhavebeenexcludedfromour countofdeepseaconrosasthesefour ships were built for Jones Act trading

to/from Hawaii or Puerto Rico. If we exclude all conros and roro ships operated on domestic or shortsea routes, we see that Grimaldi Group, Linea Messina and the National Shipping Company of Saudi Arabia (Bahri)aretheonlythreecarriersleft operating conro tonnage on long distanceroutes.”

Grimaldi remains the largest conro player, boasting 35 ships connecting Europe and North AmericawithWestandCentralAfrica andtheEastCoastofSouthAmerica.

Great Antwerp and its five sister ships, which are expected to be delivered from July 2023 to July 2024, were ordered to replace older Grimaldi ships which have already beeninservicefor25years.

Guido Grimaldi, Deep Sea Commercial&OperationsDirectorof the Grimaldi Group, commented, “This new series of ships responds

even more efficiently to the demand for quality transport services on deep searoutes,andtotheneedsrelatedto theprotectionoftheenvironment.We are thus taking a further important step within a path undertaken for several years now, aiming to operate on our main routes with a young, modernandeco-sustainablefleet.”

Astheaverageageofthedeepsea conro fleets of Linea Messina and Bahriismuchyounger,noneworders areexpectedfromtheirside.

Alphaliner opined that Linea Messina’s fleet may even contract by one ship shortly as the Jolly Quarzo has left its liner network between the Mediterranean, East and South Africa, the Red Sea, the Middle East and India and Pakistan. Jolly Quarzo has moved to Norfolk and is reported to have been sold to US carrier Liberty Global Logistics to transport militarycargo.

Exports from Rajasthan increased by 10.04% last fiscal

JAIPUR: Rajasthan has witnessed a significant increase in its export of goods till February 2023, with a growth rate of 10.04 per cent as compared to the same periodof2022.

Chairman of the Rajasthan

Export Promotion Council (REPC) and Rajasthan Small Industries Corporation Limited (RAJ-SICO) Rajiv Arora said at a meeting that the state’s textiles, agro-food products, gems and jewellery, and engineering goods have been

the major contributors to this growth.

The meeting on ‘Export Growth andFutureStrategyofRajasthan’was organisedbytheREPCtodiscussand invite suggestions from exporters to increaseexportsfromRajasthan.

TransContainer increased transportation of import cargo from India by 62%

MOSCOW: In Q12023, TransContainer (a company of Delo Group) increased transportation of import cargo from India by 62%, yearon-year. Shipments of export cargo rose by 48%, according to the company.

The multimodal service between Russia and India via the Suez canal was organized in summer 2022. By January 2023, the frequency of shipments increased to 2 per month. Theserviceisusedfortransportation of all types of cargo including dangerousgoods.

Besides, transportation of cargo from Komi Republic began in late 2022.

In July 2022, TransContainer launched a regular service for foreign trade cargo delivery on multimodal route between the Russian regions and the Indian port of Nhava Sheva (Mumbai) via Novorossiysk and the Suez Canal. Transit time of a sea passage is approximately 14-15 days. As of the end of January, over half a year of operation, 1,900 TEU of Russian cargowasexportedtoIndia.

PJSC TransContainer is among the largest intermodal container operators in Eurasia. Its fleet numbers about 130,000 containers of over 200,000 TEU and 40,000 flatcars. The company owns 40 railway terminals in Russia and operates three more terminals through its subsidiaries and joint stock companies. TransContainer holds 58.67% of Sakhalin Shipping Company (SASCO) the fleet of which numbers 13 ice-class sea vessels. DeloGroupistheonlyshareholderof thecompany.

SC Railways opens new Cargo Terminal at Krishnapatnam

NELLORE: Vijayawada division, South Central Railways, commissioned Bharat Petroleum Corporation Limited’s (BPCL) Gati Shakti rail multi-modal cargo terminal (GCT) at Krishnapatnam in Nellore.

The terminal, developed on private land, will be served by Krishnapatnam station on Venkatachalam Krishnapatnam

sectionoftheVijayawadadivision.

The terminal is located 16.40 km awayfromKrishnapatnamstation.

Vavilapalli Rambabu, senior divisional commercial manager, signed the new Gati-Shakti MultiModal Cargo Terminal (GCT) agreementwiththeBPCLauthorities, following which a commercial notification was issued declaring the terminal open for handling petroleum

oilandlubricantstraffic.

The agreement will be valid for 35 years. The anticipated traffic projections are more than 20 outward rakespermonth.

The GCT policy has been introduced by Indian railways with a view to boost investment from the industry in the development of additional terminals for handling rail cargo.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 02/05/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

SHIPS NOT READY FOR BERTH

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI INTERNATIONAL CONTAINER TERMINAL (AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL), MUNDRA

TO LOAD FOR U. K. NORTH CONTINENT, MEDITERRANEAN, BLACK SEA, RED SEA, EAST EUROPE & CIS PORT

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

OTHER PORTS OF GUJARAT

JAMNAGAR (BEDI) PORT

(As on 28-04-2023)

(As on 28-04-2023) MULDWARKA PORT

NB The data in this Daily pertaining to Ports Information is received by us, sometimes even at the eleventh hour by telephonic messages from the concerned Steamer Agents. Therefore, there is every likelihood of last minute change in the data published the Management of Daily Shipping Times exercise every necessary care & attention in collecting every data & getting it published accurately Inspite of this, if any ommission, inaccuracy or printing error occur in the data published in this daily, the Management of Daily Shipping Times is not responsible or liable.

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

I.G.M. FILED AT JAWAHAR CUSTOMS FOR NSFT/NSICT/NSIGT/BMCT/GTI VESSELS

NSICT

Vessel Name (Voy) Sailing Dt. Next Port EXPORT SAILING FROM NSFT

EXPORT SAILING FROM NSICT

02-05-2023 Jebel Ali

Sofia 1(V-316E) 24-04-2023 Pipavav

Seattle Bridge (V-077E) 25-04-2023 Colombo

Ital Unica (V-E160) 27-04-2023 Port Kelang

One Altair (V-060E) 29-04-2023 Pipavav

Northern Diamond (V-317E) 30-04-2023 Pipavav

Aka Bhum (V-013E) 01-05-2023 Pipavav

CSCL Neptune (V-074) 26-04-2023 ACMT

MSC Danit (V-IW316A) 27-04-2023 Colombo

Jakarta Voyager (V-2303E) 27-04-2023 MICT

A S Nora (V-02SE9S) 27-04-2023 ACMTPL

Maersk Guayaquil (V-316W) 28-04-2023 Salallah

X-press Odyssey (V-23002E) 28-04-2023 Hazira

A S Alexandria (V-0014A) 28-04-2023 Jeddah

Delaware Trader (V-E022) 29-04-2023 Tuticorin

Northern Practise (V-0039) 29-04-2023 Mundra

Kota Manis (V-0245E) 30-04-2023 Karachi

Seamax Westport (V-086) 30-04-2023 Pipavav

Navios Verde (V-35W) 30-04-2023 Colombo

DP World reports gross volume growth of 3.7% on a like-for-like in 1Q2023

DP World Limited handled 19.5 million TEU across its global portfolio of Container Terminals

DUBAI: DP World Limited handled19.5millionTEU(twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2023, with gross container volumes increasing by 1.4% year-on-year on a reportedbasisandup3.7%onalike-for-likebasis.

The growth was driven by a strong performance in AsiaPacificandIndia,whichwaspartiallyoffsetbysofter performance in Europe and the Americas. Jebel Ali (UAE) handled 3.5 million TEU in 1Q 2023, up 2.3% yearon-year.

At a consolidated level, our terminals handled 11.4 million TEU during the first quarter of 2023, up 0.7% year-on-year on a reported basis but down1.3%onalike-for-likebasis.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, commented: “Our portfolio has had an encouraging start to the year with container volume growth of 3.7%, once again ahead of the market, which is estimated to be down by 6.3%. This outperformance continues to demonstrate that we

are in the right locations, and our strategy to offer integrated supply chain solutions to beneficial cargo owners is driving value for ourstakeholders.

“A strong performance in Asia Pacific and India drove our growth. However, as anticipated, volume growth hassoftenedinsomeregions, such as Europe and the Americas, due to uncertain economic conditions. Volumes at our flagship Jebel Ali terminals remain robust,withgrowthof2.3%.

“Looking ahead, the near-term outlook remains somewhat uncertain, given the geopolitical backdrop, high inflation and currency fluctuations. However, we expect our portfolio to deliver a stable performance in 2023 as we remain focused on driving revenue synergies from our recent acquisitions while managingcostsandgrowthcapex.”

Selecting services based on schedule reliability : Sea-Intelligence

COPENHAGEN: Even with historically low schedule reliabilityin2021,therewere3deep-seaservicesthathad 100% schedule reliability across the entire year. In fact, roughly 11% of the deep-sea services were at 70% or higher.Whatthismeans,isthateveninthemosttryingof times, shippers can find those marginal gains in ocean reliability. We looked at how big those marginal gains could have been, if shippers modelled their service selection based on historical schedule reliability. This of course is a simplistic approach, as supply chains are oftennotagileenoughtomakesuchshort-termchanges, accordingtoSea-Intelligence.

Taking Shanghai to Los Angeles/Long Beach as a proxy for Transpacific, figure 1 shows the relative improvementinschedulereliability,hadshippersshifted cargototheservicewiththehighestreliabilityinthepast month. This improvement is against having moved all of their cargo on either one of the three carrier alliances or havingsplititevenlyacrossthethreealliances.

While there are no doubt shippers would have netted higher reliability having used this approach, what is interesting here, is that the improvements are not linear andthereisalotofvolatilityfromonemonthtotheother. However, across the 14-month period, using this approach would have netted an average 19.6 percentage points (PP) increase over shipping entirely with 2M,

an average 6.3 PP increase over shipping entirely with Ocean Alliance, an average 27.9 PP increase over shipping entirely with THE Alliance, and an average 15.9PPincreaseoveranevencargosplitacrossthethree carrier alliances. Despite the volatility, the average higher net schedule reliability is quite substantial. This means that using historical schedule reliability could be a really powerful tool to help shippers improve receivedreliability.

COSCO Shipping Ports boosts first quarter profits with flat container volumes

SHANGHAI: Cosco Shipping Ports achieved a year-on-year increase of 11.2% initsgrossprofitforthefirstquarterofthe year,reachingUS$89.9million.Atthesame time,thecompany’sQ1revenuedecreasedby0,5%yearon-year,fallingtoUS$328million.

For the same period, the Chinese port and terminal operator reported a total container throughput of 30,305,420 TEUs, retaining steady box volumes with the firstquarterofthelastyear.

Additionally, for the three months ended on 31 March 2023, the total throughput of the terminals in China increased by 0.6% year-on-year to 22,650,786 TEUs and accountedfor74.7%oftheGroup’stotal.

Also, during this period, the total throughput of the overseas region slightly decreased by 1.5% year-on-year to 7,654,634 TEUs and maintained a steady trend in general,accountingfor25.3%oftheGroup’stotalwithits second largest share of total throughput within the Group’sportfolio.

SultanAhmed Bin Sulayem