MUM-04-03-2024

CMA CGM Group & Bolloré Group announce successful sale of Bolloré Logistics to CMA CGM

MA RS E IL L E :

Mr. Rodolphe Saadé & Mr. Cyrille Bolloré

Cont’d Pg. 6

The Bolloré Group and the CMA CGM Group announce the completion today of the sale of 100 % of Bolloré Logistics to CMA CGM, it being specified that the transfer of Bolloré Logistics Sweden AB to the CMA CGM Group remains subject to the latter obtaining foreign investment clearance in Sweden

Bahri wins Guinness World Record for Largest Mobile Desalination Plant

RIYADH: Bahri Desalination, a specialized business unit of the National Shipping Company of Saudi Arabia (Bahri), the global shipping and logistics leader, has established a new milestone in Cont’d Pg. 6

CMA CGM Group & Bolloré Group announce successful sale of Bolloré Logistics to CMA CGM

Cont’d from Pg. 4

The purchase price is 4.850 billion euros, on the basis of the estimated debt and cash on the completion date.

As a leading transport and logistics company in France, and one of the main players in the sector worldwide, Bolloré Logistics achieved in 2022 a turnover of 7.1 billion euros, transported 710,000 TEUs of ocean freight and 390,000 tons of air freight, along with a storage capacity of 900,000 m2.

This is CMA CGM’s largest acquisition since its creation in 1978 and constitutes a major step in the CMA CGM Group’s logistics development strategy, complementing its historical maritime transport line of business.

Mr. Rodolphe Saadé, CEO and Chairman of the CMA CGM Group, declared: “I would like to thank the Bolloré Group for the trustful dialogue we have established over the last few months to successfully finalize this acquisition. Within the CMA CGM Group, we are proud to welcome a French flagship built on

years of work and experience.

T h e n e w e n t i t y, m a d e u p o f C E VA a n d Bolloré Logistics, is the world’s number 5 in its sector We will now be able to offer our customers a complete range of services and extend our expertise to new businesses.

On behalf of the CMA CGM Group and my family, I would like to welcome the 14,000 employees who are joining us today Together, we will combine our talents and accelerate our development!”

Mr. Cyrille Bolloré, CEO and Chairman of the Bolloré Group, added: “This is the beginning of a new chapter for Bolloré Logistics’ employees. I am very pleased that they are joining the CMA CGM Group and the Saadé family They will bring unique expertise and know-how, which have long made the pride of the Group and which will be the pride of CMA CGM tomorrow It is also a great opportunity for our customers around the world and I would like to take this opportunity to thank them for their trust and loyalty”.

Bahri wins Guinness World Record for Largest Mobile Desalination Plant

Cont’d from Pg. 4

s e a w a t e r d e s a l i n a t i o n production, reinforcing its position as the industry pioneer with the largest floating desalination plant ever built on a marine barge.

T h e a c h i e v e m e n t w a s celebrated at an event held at the Ministry of Environment, Water and Agriculture, where Guinness W o r l d R e c o r d s o f f i c i a l l y recognized Bahri Desalination’s innovative mobile seawater desalination plant as the largest of its kind. Measuring an impressive 123 meters in length, the mega floating plant boasts a daily output of 50,000 cubic meters. Bahri, in association with the Saline Water Conversion Corporation (SWCC) and Metito Saudi Limited, has built three such state-of-the-art desalination units installed on customized barges.

Bahri strives to develop innovative water projects that strengthen Saudi Arabia’s infrastructure and selfsufficiency This record reflects our cutting-edge work in deploying sizeable mobile floating desalination capacity where it is needed most along our coastlines.”

Commenting on this achievement, Eng. Ahmed Alsubaey, CEO of Bahri, said: “We are honored to receive this distinction from Guinness World Records that validates our status as pioneers in engineering large-capacity, mobile seawater desalination solutions. As a leader in transportation and logistics,

The record validates Bahri Desalination’s status as an industry pioneer in building large-scale, costeffective mobile seawater desalination plants that can be deployed to new coastal locations. Going forward, Bahri will continue driving progress through pioneering projects dedicated to the sustainable development of Saudi Arabia’s maritime and water supply sectors.

Consignees are requested to obtain DELIVERY

of relative charges as applicable within 5 days or else

If there is any delay in CY-CFS movement due to port congestion

Consignees will please note that the Carriers and/or their Agents

to send Individual Notifications regarding the arrival of the vessel or the goods.

For detailed information on cargo availability please contact our

Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3

GLS Global Log. U.K., North Continent & Scandinavian Ports. JWR

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

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

08/0309/03 08/03 0900 MSC Aby IP410A P2661 292194-26/02 MSC MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals

15/0316/03 15/03 0900 MSC Shay IP411A

22/0323/03 22/03 0900 Northern Javelin IP412A

Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D).

SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre (EPIC / IPAK)

COSCO COSCO Shpg. U.K., North 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.

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

09/0310/03

Indial Indial Shpg. US East Coast & South America

ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. Conex Terminal

Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1

Kotak Global Kotak Global US East, West & Gulf Coast

06/0307/03 06/03 1000 MSC Rida IU409A P2657 292175-26/02 MSC MSC Agency New York, Charleston, Huston, Freeport. Hind Terminals

13/0314/03 13/03 1000 MSC Greenwich IU410A Kotak Global Kotak Global US East, West & Gulf Coast (INDUS)

07/0308/03 06/03 1100 MSC Camille IS408A P2659 292162-26/06 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, Hind Terminals

13/0314/03 12/03 1100 MSC Auriga IS409A Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 20/0321/03 19/03 1100 MSC Ariana IS410A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel

09/0310/03 TBATBA Little Warrior 02409W P2597 291887-21/02 Aladin Line ALX Shpg. Sohar, Sharjah, Hamax, Bahrain, Dammam.

Hind Terminal

16/0317/03 TBATBA Nordpanther 02408W P2705 108566-01/03 QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas. (GIX) Speedy CFS

09/0310/03 TBATBA Maersk Pittsburgh 409W P2581 291455-14/02 Maersk Line Maersk India Salallah. (MECL) Maersk CFS

11/0312/03 TBATBA AS Clarita 2405W P2512 290995-08/02 Asyad Line Seabridge Sohar, Jebel Ali, Hamad, Dammam. (IEX)

16/0317/03 TBATBA Inter Sydney 0151 P2708 292554-01/03 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM) Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar.

TO LOAD FOR WEST ASIA GULF PORTS From NSIGT

Dhabi, Jebel Ali. (INDUS) Hind Terminals

07/0308/03 06/03 1100 MSC Camille IS408A P2659 292162-26/06 MSC MSC Agency Salallah, King Abdulah. (Himalaya Express) Hind Terminal 08/0309/03 08/03 0900 MSC Aby IP410A P2661 292194-26/02 CMA CGM CMA CGM Ag. King Abdullah. Dron.-3 & Mul.

15/0316/03 15/03 0900 MSC Shay IP411A MSC

FOR WEST ASIA GULF PORTS From BMCT

In

030E P2613 291782-19/02 ONE Line ONE (India) Colombo.

10/0311/03 TBATBA Cap Andreas 009E P2666 292225-27/02 X-Press Feeders Sea Consortium Colombo. (TIP Service) Dronagiri

17/0318/03 TBATBA San Francisco Bridge 070E CSC Seahorse Colombo.

24/0325/03 TBATBA X-Press Bardsey 24002E HMM HMM Shpg. Colombo. Seabird CFS

04/0305/03 04/03 0600 OOCLLuxembourg 108E P2630 291909-22/02 OOCL OOCL (I) Colombo. GDL

17/0319/03 TBATBA Seamax Stratford 128E P2680 Star Line Asia Seahorse Yangoon. (CIX-3) Dronagiri-3 08/0310/03 TBATBA Conti Contessa 117E P2650 ONE Line ONE (India) Colombo.

14/0316/03 TBATBA YM Uniformity 071E Yang Ming Yang Ming(I) Contl.War.Corpn. 24/0325/03 TBATBA Seaspan Adonis 074E

FOR INDIAN SUB

FOR FAR EAST, CHINA & JAPAN PORTS from NSICT

Shimin 19E P2615 291801-20/02 UnifeederUnifeeder Qingdao, Shanghai, Ningbo. Dronagiri 21/0322/03

TBATBA Seattle Bridge 089E

PIL/ONE PIL India/One(I) —/— 25/0326/03

TBATBA Ever Sigma 125E

Hapag ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS 01/0402/04 TBATBA Celsius Naples 901E

KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3 08/0409/04 TBATBA TS Ningbo 24002E

TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2 15/0416/04 TBATBA Ever Excel 173E

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

Samudera Samudera Shpg. P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri

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 20/0321/03 TBATBA Grace Bridge 24002E

27/0328/03 TBATBA Ren Jian 23 2403E P2682

Heung A Line Sinokor India

Sinokor Sinokor India Seabird CFS (CSC)

TS Lines TS Lines (I)

Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water PoseidonShpg. Shanghai, Ningbo, Qingdao. Speedy CFS

MSC MSC Agency Dalian, Shanghai, Ningbo, Yantian. (DRAGON EB) Hind Terminals

17/0319/03 TBATBA Seamax Stratford 128E P2680

26/0328/03 TBATBA OOCL Genoa 069E

OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo, GDL/Dron-1

APL CMA CGM Ag. Dron.-3 & Mul.

ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. (CIX-3)

COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. Gold Star Star Ship Singapore, Hong Kong, Shanghai.

ANL CMA CGM Ag. Port Kelang, Singapore (CIX-3) Dron.-3 & Mul.

TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

07/0308/03 06/03 0900 Ever Unity E197 P2612 291758-19/02

12/0313/03 TBATBA Wan Hai 521 E021 P2653 292172-26/02

Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dronagiri-1

Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 20/0321/03 TBATBA Argolikos E159

Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 26/0327/03 TBATBA Wan Hai 502 E121

02/0403/04 TBATBA Wan Hai 507 E221

08/0310/03 TBATBA Conti Contessa 117E P2650

TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 14/0316/03 TBATBA YM Uniformity 071E

Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 24/0325/03 TBATBA Seaspan Adonis 074E HMM HMM Shpg. Seabird CFS

31/0301/04 TBATBA One Altair 064E Samudera Samudera Shpg. Dronagiri (PS3 Service) Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai Ocean Gate

08/0309/03 08/03 0400 X-Press Odyssey 24010E P2594 291585-16/02 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS

20/0322/03 TBATBA X-Press Cassiopeia 24012E P2681 X-Press Feeders Sea Consortium Kwangyang, Pusan, Hakata, Shanghai. (NWX/FI-3)

25/0326/03 TBATBA X-Press Phoenix 24013E

Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS

11/0312/03 TBATBA Tessa 2401E P2634 291976-22/02 RCL/Global Fdr. RCL Ag./Sima Marine Port Kelang, Ho Chi Minh City, Laem Chabang, Cai Mep

13/0314/03 TBATBA RDO Favour 2402E

20/0321/03 TBATBA ESL Kabir 02408E P2683

CU Lines/KMTC Seahorse/KMTC(I) (VGX)

Emirates Emirates Shpg.

15/0317/03 TBATBA Wan Hai 515 E089 P2668 292246-27/02 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS

22/0324/03 TBATBA Wan Hai 513 E091

COSCO COSCO Shpg. Ningbo, Shekou.

29/0331/03 TBATBA Wan Hai 311 E231 InterasiaInterasia (CI2) HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.

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

In Port 04/03 MSC Sofia GA409R P2636

Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS

Shpg. Singapore, Hongkong, Shanghai, Ningbo, Shekou, 10/0312/03 TBATBA Seamax Westport 093E P2629 291883-21/02 APL CMA CGM Ag. Nansha, Taichung, Kaohsiung. Dron.-3 & Mul 25/0326/03 TBATBA Xin Hongkong 069E OOCL/RCL OOCL(I)/RCL Ag. GDL/— (CI 1)

07/0308/03 07/03 0900 Monaco 203W P2601 291665-17/02

15/0316/03 TBATBA Wan Hai 309 004W

CU Lines Seahorse Ship Singapore, Shanghai, Ningbo, Hongkong, Taichung, Kaohsiung.

ONE Line ONE (India) Singapore

Samudera Samudera Shpg. (SIG) Dronagiri

07/0308/03 TBATBA Kota Loceng 0143E P2644 292008-22/02 RCL/PIL RCL Ag./PIL Port Kelang, Haophong, Nansha, Shekou.

15/0316/03

31/0301/04 TBATBA Synergy Keelung 011E

07/0408/04 TBATBA Kota Layang 095E

08/0309/03 08/03 0400 X-Press Pisces 24002E P2611 291760-19/02

16/0317/03 TBATBA One Matrix 017E

InterasiaInterasia (RWA / CIX 4)

Emirates Emirates Shpg.

ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou

X-Press Feeders SeaConsortium

24/0325/03 TBATBA X-Press Capella 24002E KMTC/TS Lines KMTC(I)/TS Lines(I)

06/0407/04

Qingdao, Kwangyang, Dronagiri-3

15/0317/03 TBATBA ESL Nhava Sheva 2408E P2686 292379-28/02 TS Lines TS Lines (I) Pusan, Ningbo, Shekou, Singapore. Dronagiri-2

25/0326/03 TBATBA KMTC Colombo 2402E COSCO COSCO Shpg. (AIS SERVICE)

30/0331/03 TBATBA Ian H 02410E

13/0314/03

TBATBA Wan Hai 332 E006 P2652 292170-26/02

20/0321/03 TBATBA Wan Hai 505 E173

26/0328/03 TBATBA Jeju Island E402

15/0416/04

Emirates Emirates Shpg. Port Kelang, Hongkong, Qingdao, Kwangyang, Pusan,Ningbo, Shekou, Singapore. Dronagiri-2

Sinokor Sinokor India Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Seabird CFS

Heung A Line Sinokor India Hongkong

Wan Hai Wan Hai Lines Dron-1 & Mul CFS (CI6)

TBATBA Hyundai Busan 150E P2487

InterasiaInterasia

Feedertech Feedertech/TSA Dronagiri

HMM HMM Shpg. Singapore, Da Chan Bay, Busan, Kwangyang, Shanghai Seabird CFS (FIM East Bound)

Sinokor Sinokor India Seabird CFS

Mombassa, Beira, Maputo. (MJI)

08/0309/03 TBATBA Halsted 409S P2582 291454-14/02 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3 & Mul. 15/0316/03 TBATBA Bfad Pacific 410S Maersk Line Maersk India Pointe Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk

06/0307/03

21/0325/03 Leopold Staff 098 1084924-24/02 Chipolbrok Samsara

Singapore, Shanghai. 21/0325/03 CP Galaxy 62

NOTICE TO CONSIGNEES

m.v. “CMA CGM NABUCCO” V - 0FFB0E1MA (0GB-29/E)

The above vessel is arriving at NSFT on 04/03/2024 with Import Cargo in containers.

Consignees are requested to obtain DELIVERY ORDERS on presentation of ORIGINAL BILLS of LADING and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.

If there is any delay in CY-CFS movement due to port congestion Line/Agent are not responsible for the same. Consignees will please note that the Carriers and/or their Agents are not bound to send Individual Notifications regarding the arrival of the vessel or the goods.

For detailed information on cargo availability please contact our office.

For any charges enquiries, Please contact on our Import Hotline No. : 4252 4444

Container Movement to : OCEAN GATE CONTAINER TERMINAL PVT. LTD.

As Agents :

STAR SHIPPING SERVICES (INDIA) PVT. LTD.

Raheja Centre-Point, 3rd Floor, 294, C.S.T. Road, Near Mumbai University, Kalina, Santacruz (East), Mumbai - 400 098. Tel : 91-22-4252 4301 Fax : 91-22-4252 4142

NOTICE TO CONSIGNEES

The above vessels are expected/has arrived at NSICT/BMCT on above mentioned dates with Import Cargoes in containers.

Consignees are requested to obtain the Delivery Order by surrendering ORIGINAL BILLS OF LADING duly discharged on payments of relative charges as applicable within 5 days or else detention charges will be applicable.

Consignees will please note that the carriers of their agents are not bound to send individual notification regarding arrival of the vessel or the goods. For detailed information on cargo availability, please contact our office.

*Note: The importers having AEO status and those who are availing DPD facility for containerized cargo are allowed to pay Terminal Handling Charges (THC) directly to Ports/Terminal through their P.D Accounts. Upon making THC payment importers are requested to submit proof of payment duly stamped and acknowledged by Port/Terminal to Avana Global FZCO for issuance of Delivery Order (DO) without Avana Global FZCO’s THC Invoice and Receipt. Visit our Website : www.avanalogistek.com for Import Vessel arrival & IGM details

Adani portfolio’s record profit growth, robust credit profile set stage for unrivalled green investments

AHMEDABAD: In line with our commitment to upholding the highest standards of transparency, we are pleased to release the Adani portfolio’s results, credit and ESG compendium It offers insights into the quarterly and trailing twelve-month (TTM) financial performance of the portfolio, reinforcing our dedication to providing clear and detailed information to stakeholders and the public.

The performance of the past 12 months reveals the strength of the Adani portfolio that can thrive under diverse external circumstances. With surging cashflows from consistently rising profits and conservative leveraging, the portfolio is well-poised to propel strategic investments on an unprecedented scale.

Portfolio Performance for Q3 FY24 and Dec 23’ Trailing-Twelve-Months

• Record growth: With a record quarterly EBITDA growth of 63 6% YoY, the TTM EBITDA as of 31 December, 2023 reached INR 78,823 crore (USD 9.5 Bn) — 2.5x FY21 EBITDA

• Core infrastructure: The growth was powered by the highly stable core infrastructure platform. Growing at 35.5%, it generated INR 66,208 crore (USD 8 Bn) — 84% of portfolio EBITDA.

• Ratings: Domestic and international rating agencies, including S&P Global and Moody’s, have upgraded or positively revised the outlook for all key portfolio companies.

• Conservative leveraging: The portfolio continues to remain conservatively leveraged with i) Net Debt to EBITDA as low as 2.5x; ii) Debt coverage of 2.1x; and iii) Gross Assets to Net debt at 2.5x as on 30 September, 2023.

• Liquidity position: High liquidity is maintained with a healthy cash balance of INR 44,572 crore (USD 5.4 Bn) — at the end of 31 December, 2023.

• Market access and investments: Higher ratings and healthy cash flows have allowed continued market access, facilitating substantial investments in the year-to-date (1 April, 2023-31 December, 2023) During this period, various portfolio companies have drawn funds worth INR 91,290 crore from various sources, including international and domestic banks, and others.

industry, is ready for commissioning.

• ANIL: Received COD certification from the Solar Energy Corporation of India for setting up electrolyzer manufacturing.

• Solar module sales have more than doubled due to higher exports.

• The wind turbine generator (WTG) business, with an order book of 142 sets, has already produced 15 sets and delivered 7 since commissioning.

ii) Airports: At the seven operational airports, passenger movement has increased 23% YoY in the first nine months to 65 6 million; they are now tracking an annual figure of 85 million.

• The greenfield Navi Mumbai airport is well on track to start operations by December 2024.

• Phase I of City Side Development (CSD) has started across 98 acre at five airports.

• 57% of the electricity consumed by portfolio airports was from renewables.

iii) Roads: 4 out of 10 projects are more than 60% completed in line with the target schedule.

iv) Data center: 18 MW Noida green data center is now operational. Under construction pipeline stands at 112+ MW.

Energy & Utility Platform

Adani Green Energy (AGEL): Operational renewable capacity has increased to 9,029 MW after the commissioning of 551 MW at the Khavda renewable energy park. It will be the world’s largest RE park after 30 GW is developed over the next five years; this can power over 16 million homes and create 15,200 jobs every year

• AGEL was ranked amongst the top 3 global solar PV developers as per the Mercom Capital Group.

• Successfully delivered the refinancing plan for USD 750 million Holdco notes due in September 2024 by providing a cash deposit in the Senior Debt Redemption Account (SDRA).

• INR 9,350 crore (USD 1.125 Bn) fund infusion by the promoter entity and USD 300 million investment by strategic partner TotalEnergies has positioned AGEL well to achieve its 45 GW target by 2030.

Adani Energy Solutions (AESL): Successfully operationalized the critical Khargar Vikhroli Transmission Line to connect Mumbai to the national grid, taking total network to 20,422 ckm.

• Adani Electricity Mumbai, a distribution subsidiary of AESL, supplied 35% renewable power in the total electricity mix to the city — one of the highest amongst all global mega-cities. GHG emission intensity at 38.32% was lower than FY19.

• For the distribution business, AESL is exploring new geographies like Navi Mumbai in Maharashtra, Greater Noida in Uttar Pradesh, and Mundra in Gujarat.

Business-wise highlights:

Incubator

Adani Enterprises (AEL)

The emerging infrastructure businesses, including the ANIL ecosystem (green hydrogen ecosystem), airports and roads, have picked up momentum over the past few quarters and now contribute 45% of AEL’s total EBITDA Another emerging business, green energypowered data center, is also progressing well. The 500 KTPA copper smelter, built to support captive as well as external copper demand from the renewable

• The transmission business orderbook stands at USD 2.4 Bn (INR 17,000 crore) after receiving letter of intent for new projects for renewable power evacuation – Khavda Phase-III Part A and KPS-1 (Khavda Pooling Station) Augmentation.

• The new business of smart meters has a pipeline of 21.1 million meters, with contract value of INR 25,000 crore (USD 3 Bn) in Andhra Pradesh and Uttarakhand.

Adani Total Gas Limited (ATGL): Pipeline network increased to 11,712-inch km, PNG connections to 7.79 lakh, and EV charging stations to 329. A total of 45 new CNG stations also added.

m.v. “ESL DACHAN BAY” V - 2406E I. G. M. NO. - 2370308

DTD. 01-03-2024

The above vessel has arrived at BMCT on 04/03/2024 with Import Cargo in containers.

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448 HW24020198

449 PLIID4F02603

450 IGTJKT24020106

451 GOSUNGB1144128

452 GOSUNGB1191557

453 GOSUNGB1191558

454 GOSUNGB1191568

455 GOSUNGB1191598

456 GOSUNGB20088922

457 GOSUNGB20115861

458 GOSUNGB20115875

459 GOSUNGB20115876

460 GOSUNGB20181713

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462 GOSUNTG1316848

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494 GOSUSNH1855126

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497 GOSUSNH1855139

498 GOSUSNH1855142

499 GOSUSNH1855143

500 GOSUSNH1855144

501 GOSUSNH1855149

502 GOSUSNH1855152

503 GOSUSNH1855153

504 GOSUSNH1855161

505 GOSUSNH1890302

506 GOSUSNH1910076

507 GOSUSNH1910344

508 GOSUSNH1910345

509 GOSUSNH20987361

510 GOSUSNH20987362

511 GOSUSNH20987571

512 GOSUSNH20987583

513 GOSUSNH20987630

514 GOSUSNH20987636

515 GOSUSNH20987693

516 GOSUSNH20987708

517 GOSUSNH8423364

518 GOSUSNH8423369

519 GOSUSNH8423370

520 GOSUSNH8462394

521 GOSUSNH8462395

522 GOSUSNH8462470

523 GOSUSNH8462479

524 GOSUSNH8462485

525 GOSUSNH8462501

526 GOSUSNH8462546

527 GOSUSNH8462568

528 GOSUSNH8462569

529 GOSUSNH8462573

530 GOSUSNH8462580

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Adani portfolio’s record profit growth, robust credit profile set stage for unrivalled green investments

Cont’d from Pg. 3

Transport & Logistics Platform

Adani Ports & SEZ (APSEZ): Domestic cargo handled grew 23% YoY — 2.5x India’s growth, achieving a record volume of 311 MT for the first nine months. It is on track to beat the annual volumes guidance.

• The share of non-Mundra domestic ports in volumes has now increased to 56%.

• Vizhinjam port berthed three vessels in the quarter, and is targeting commissioning in Q4 Fy24.

• The Dhamra LNG terminal commenced operations.

• APSEZ sold 49% stake in the Ennore port container terminal to MSC.

• The logistics business delivered the best quarter till date, while adding 23 rakes, Loni and Valvada ICD, and warehouses at NRC and Indore.

• 14%ofdomesticportsnowconsumerenewablepower

Adjacencies

Adani Cements: Added 15% or 8.6 MTPA capacity, taking total capacity to 77.4 MTPA (76.1 MTPA under Ambuja and 1.3 MTPA under AEL). This also includes the successful acquisition of Sanghi Industries (capacity of 6.1 MTPA) and Asian Concretes & Cements (1.5 MTPA –earlier owned 49%).

• Synergies with Adani Portfolio resulted in 90% rise in operating margins EBITDA/ton is now at USD 1322/ton against USD 695/ton in the corresponding period year ago.

• Ambuja, an Adani cements and building materials company, has committed a significant investment of INR 6,000 crore (USD 720 mn) for renewable power projects, targeting a capacity of 1,000 MW, primarily for captive use.

ESG updates for Q3 FY24 and Trailing Twelve Months

• AGEL was ranked first in ESG assessment with an

improved score for the second consecutive year

• AGEL recorded as water positive for all operational power plants > 200 MW AESL is 100% water positive for all transmission assets, and Ambuja is 13.1x water positive.

• In the CDP ratings for 2023, all Adani portfolio companies achieved a rating between ‘A’ and ‘B’, a testament of strong adherence to the highest standard of ESG practices. AESL has improved ratings from ‘D’ to ‘B’ a two-level jump In a significant achievement, AGEL moved up two ranks to the leadership category With this, four Adani portfolio companies, including APSEZ, AGEL, Ambuja and ACC are now in the leadership category

• Ahmedabad and Thiruvananthapuram international airports received Environmental Excellence Awards for their strong commitment to sustainability and outstanding practices in waste recycling, water management, energy efficiency and reduction in gas emissions.

About The Adani Portfolio of Companies

Headquartered in Ahmedabad, the Adani portfolio is the largest and fastest-growing portfolio of diversified businesses in India with interests in logistics (seaports, airports, shipping and rail), resources, power generation and distribution, renewable energy, gas and infrastructure, agro (commodities, edible oil, food products, cold storage and grain silos), public transport infrastructure, defence, and other sectors. Adani owes its success and leadership position to its core philosophy of ‘Nation Building’ and ‘Growth with Goodness’, a guiding principle for sustainable growth. The Portfolio is committed to protecting the environment and improving communities through its CSR programmes based on the principles of sustainability, diversity, and shared values.

PM Modi inaugurates key projects at New Mangalore Port

MANGALORE: Prime Minister Narendra Modi, through a virtual ceremony, initiated the launch of projects at the New Mangalore Port Authority (NMPA), Panambur, marking a significant stride in infrastructure development These projects, valued at Rs 136 crore, aim to bolster the port’s efficiency in cargo operations and provide comprehensive medicalservicestoportpersonnelandthelocalpopulace

Strategic Enhancements in Port Infrastructure

The inauguration included the commencement of a robust concrete road stretching from Tannirbhavi Road to MK Agrotech within the NMPA premises. Funded at Rs 5 crore, this 12-14 meters wide and 775 meters long road is engineered to support the seamless movement of 80-100 trucks daily, thereby streamlining cargo operations and access to critical storage facilities Additionally, the construction of two advanced storage sheds, with a collective investment of Rs 23.7 crore, was announced. Each

shed, encompassing an area of 3,500 sqmt, is designed to significantly enhance the port’s capability in handling vital export-import cargo.

Implications and Future Outlook

The unveiling of these projects by Prime Minister Narendra Modi not only underscores the government’s commitment to enhancing the nation’s port infrastructure but also highlights the focus on improving healthcare facilities for the economic backbone of the country – its workers By facilitating smoother cargo operations and providing state-of-the-art healthcare facilities, the New Mangalore Port is poised to play a crucial role in India’s march towards becoming a global trade hub and ensuring the well-being of its citizens. As these projects move from the blueprint to reality, they are expected to create a ripple effect of socio-economic benefits, fostering growth, and prosperity in the region

Indian Railways achieve 1434.03 MT freight loading till February, 2024

NEW DELHI: On cumulative basis from April 2023February 2024, freight loading of 1434.01 MT was achieved by Indian railways against last year’s loading of 1367.5 MT, an improvement of approximate 66.51 MT over last year’s loading for the same period Railways has earned Rs 155557.1 Crore against Rs 149088.1 Crore over the last year which is an improvement of approx. Rs 6468.17 Crore, as compared to the same period of the last year

During the month of February 2024, originating freight loading of 136.60 MT has been achieved against loading of 124.03 MT in February 2023, which is an improvement of approx 10 13 % over the last year Freight revenue of

Rs 14931 89 Crores has been achieved in February 2024 against Rs 13700 75 Cr freight earnings in February 2023, thereby showing an improvement of about 8.98 % over the last year IR achieved loading of 59.08 MT in Coal, 15.11 MT in Iron Ore, 5.69 MT in Pig Iron and Finished Steel, 7.59 MT in Cement (Excl. Clinker), 5.45 MT in Clinker, 5.10 MT in Food grains, 3.962 MT in Fertilizers, 4.06 MT in Mineral Oil, 7.00MT in Containers and 10.66MT in Balance Other Goods during February, 2024.

Following the Mantra, “Hungry For Cargo”, IR has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices.

DPIIT and World Bank jointly deliberates on Logistics Efficiency Enhancement in National Workshop

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry in collaboration with the World Bank Group organised a National Workshop on Logistics Efficiency Enhancement, on February 27, 2024, in New Delhi that brought together the logistics sector community to brainstorm and identify factors affecting logistics performance and areas of improvement.

The inaugural session of the workshop was held in the presence of Additional Secretary, DPIIT, Shri Rajeev S. Thakur; Joint Secretary, DPIIT, Shri E. Srinivas; Country Director, World Bank, Mr. Auguste Tano Kouame; and Country Director, Asian Development Bank (ADB), Ms Mio Oka Over 100 participants from various Ministries/Departments of the Government of India, officials from States, Multilateral Institutions, and Industry Associations participated in the event.

The workshop was divided into three sessions. Session I covered discussions on the approach and methodology adopted in the calculation of the Logistics Performance Index (LPI) by the World Bank. During the session, representatives from the World Bank highlighted the change in the LPI calculation approach and new Key Performance Indicators (KPIs) that would measure the actual speed of trade around the world, thereby moving from a perception-based survey methodology to a more data-based analysis.

Session II discussed the corridor approach including Bharatmala and Sagarmala Corridors which is enhancing logistics efficiency, bringing down logistics costs, and increasing first and last mile connectivity While Bharatmala project is optimising the efficiency of freight and passenger movement across the country, by bridging critical infrastructure gaps, Sagarmala project is enabling port led industrialization and incentivizing employment generation.

During session III, officials from States shared best practices, reforms, and digital initiatives undertaken to improve logistics efficiency They further highlighted the challenges faced by States in achieving goals outlined in their state logistics policies and key areas where support by the Central Government, private sector, and other stakeholders are needed.

This workshop greatly contributed to a better understanding of LPI calculation methodology and its six parameters. Deliberations on databases such as E-Way Bill, Fastag, etc. emerging from increased levels of digitisation to ease logistics operations in India, remained the central theme for the day, followed by the area-based economic corridor development approach adopted by different Ministries in India. The day’s discussions culminated into a consensus among concerned Ministries/Departments to develop focussed action plans for reducing logistics cost, improving logistics efficiency, addressing both hard and digital infrastructure bottlenecks in consultation with DPIIT and concerned stakeholders.

Many countries want to start rupee trade with India: Nirmala Sitharaman

NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said many countries are negotiating to start trade in rupee as the country’s fundamentals are strong and the Indian unit has been “mostly stable” against most of the international currencies.

“Indian Rupee being mostly stable against most of the international currencies except for the US dollar, where it had volatility. But even in that case, compared to many other currencies, the Indian rupee has been far more stable even against the US dollar

“And therefore, you find countries today wanting to have trade relations built on rupee trade,” said Sitharaman while addressing an event.

Observing that rupee trade could have “teething problems”, Sitharaman said it is, however, helping many of the countries, which has dollar shortages.

“We have evolved to a stage where we recognise that the Indian rupee, in some regions at least, is used as an instrument of trading currencies Your macroeconomic stability tells you that,” Sitharaman said.

India has started trade in the rupee with neighbouring countries, including Nepal and Bhutan. The rupee trade mechanism has been initiated to facilitate trade in national currency with Russia, while Sri Lanka has included the rupee in its list of designated foreign currencies.

India has a huge market size and has a population of middle class with purchasing power for whom they can produce. And that number of middle class by 2047 could be anywhere between 102 crore, Sitharaman added.

“India is being taken seriously only because the economy is a lot more stable now Taxation policies are a lot more predictable, and systems are a lot more transparent… We have received the highest FDI beyond USD 600 billion and our reserves are also matching… Economic fundamentals being absolutely stable and strong, which gives us the position that people take us seriously, want to engage with us and we are willing to listen to the suggestions given by India,” she noted.

The Minister said that the global fora, be it the G20 or the UN, are all now focusing on India’s solutions in reforming institutions, which will help in building a better 21st Century for all. It reflects on India’s important role in the evolving global landscape.

Sitharaman said India was able to meet the challenges of COVID-19 and other economic issues because of the “responsive Government”.

“A Government, which was ready to listen to the people, to those affected, to observers, to experts and sieve through all the suggestions to come up with solutions and relief measures,” she said.

India’s forex reserves up by $2.98 bn to $619.1 bn as of Feb 23

Mumbai: India’s foreign exchange reserves surged by of $2.98 billion to $619.07 billion for the week ending on February 23 , latest data by the Reserve Bank of India (RBI) showed. Previously, forex reserves dropped by $1.13 billion to $616.1 billion, for the week ended on February 16, 2024.

According to the Weekly Statistical Supplement released

by the RBI, Foreign currency assets (FCAs) increased by $2.41 billion to $548.19 billion. Gold reserves expanded by $472 million to $47.85 billion, while SDRs were up by $89 million to $18.2 billion.

Reserve position in the IMF increased by $9 million to $4.84 billion.

Nirmala Sitharaman launches Electronic Data Interchange (EDI) at

remote Land Customs Stations in North Eastern States

• Remote LCS being EDI enabled will help in providing real-me data of movement of goods: Union Finance Minister

• EDI enablement of customs staons is making tax system and customs procedures ‘faceless’ and ‘automated’: Revenue Secretary

• North Eastern Region (NER) holds a high geostrategic significance and carries an immense trade potenal as the Land Custom Staons (LCS) enable flow of trade and transit with neighbouring countries: CBIC Chairman

• CBIC firmly commied to leveraged technology for benefit of trade and commerce: CBIC Member (Customs)

• Movement of goods and customs clearances to now become more efficient, thus enhancing regional trade and fostering economic growth

NEW DELHI: Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange (EDI) at Land Customs Stations (LCS) of the North East Region (NER), via virtual mode in New Delhi. With these remote LCS getting EDIenabled, the movement of goods and customs clearances will now become more efficient, thus enhancing regional trade and fostering economic growth.

The EDI launch was also attended by Shri Sanjay Malhotra, Revenue Secretary, Ministry of Finance; Shri Sanjay Kumar Agarwal, Chairman, Central Board of I n d i r e c t T a x e s a n d C u s t o m s ( C B I C ) ; Shri Alok Shukla, Member (Admin & Vig), CBIC; Shri Vivek Ranjan, Member (Tax Policy & Legal), CBIC; Shri Surjit Bhujabal, Member (Customs), CBIC; Smt. Aruna Narayan Gupta, Member (IT & Tax Payer Services & Technology), CBIC; and senior officials of CBIC and Department of Revenue, Ministry of Finance.

Led by Prime Minister Shri Narendra Modi’s vision for creating modern digital infrastructure and ensuring that the benefits of the digital revolution reach everyone, the Union Finance Minister, in her speech at Guwahati on 21st July, 2023, had commended the Central Board of Indirect Taxes and Customs (CBIC) for converting the non-EDI LCS, mostly located in remote border areas of North and North-East India, into EDI-integrated LCS. She had exhorted the department to incorporate the rest of the functional LCS in NER into the EDI System.

During her address at the launch of EDI at Land Customs Stations in the North East region, Smt. Sitharaman called upon the CBIC and Customs to address the challenges faced by exports and stated that remote LCS getting EDI enabled is important as it will help in providing real-time data on the movement of goods.

The Union Finance Minister also called upon the Customs Department to be alert and vigilant while manning the post in sensitive border areas, especially in areas that are densely populated and vulnerable.

In his address on the occasion, Shri Malhotra said, “The vision of our Prime Minister Shri Narendra Modi to make India a developed country by 2047 involves creation of modern digital infrastructure and use of technology so as to ensure that benefits of digital revolution reach all the citizens. The Electronic Data Interchange (EDI) enablement of the customs stations is one such step in this direction in making tax system and the customs procedures ‘faceless’ and ‘automated’.”

“It is heartening to know that through this event, CBIC has broughtthemuchneededfocusonthedevelopmentofNorthEast India by enabling EDI at the land customs stations in these remotestpartsofNER,”ShriMalhotraadded

In his welcome address on the occasion, Shri Agarwal said that the North Eastern Region (NER) holds a high geostrategic significance and carries an immense trade potential as the Land Custom Stations (LCS) enable flow of trade and transit with neighbouring countries.

Shri Agarwal further said that there are 44 LCSs in NER covering 7 States — Assam, Meghalaya, Tripura, Mizoram, Manipur, Arunachal Pradesh and Sikkim. The creation of physical infrastructure and automation of custom processes at the LCSs have always remained a priority of the Indian Customs.

While giving Vote of Thanks, Shri Surjit Bhujabal, Member (Customs), said, “The launch of the EDI system today signifies a monumental step towards enhancing efficiency and promoting Ease of Doing Business in the remote locations of NER. This achievement underscores our firm commitment to leveraging technology for the benefit of trade and commerce.”

With a focus on harnessing technology for development of NER, the CBIC has completed the task of EDI enablement at the following LCS - Ghasuapara, Bholaganj, Shellabazar, Borsora, Khowaighat, Baghmara, Golakganj, Karimganj and Dawki along Indo-Bangladesh border and Zokhawthar along Indo-Myanmar border These LCSs presented distinct challenges, situated in far-flung areas without Optical Fibre or Mobile Networks. CBIC overcame these obstacles by installing VSAT at several locations. The journey symbolizes not only the technical enhancement of Customs operations but also the commitment of CBIC towards nation's progress in Kartavya Kaal.

Indian logistics market to grow at 8.8% annually to $484.43 bn by 2029

NEW DELHI: Indian freight and logistics market is estimated to grow at 8.8 per cent annually to USD 484.43 billion by 2029 from USD 317.26 billion in 2024 due to technological advancement, as per a report released at logistic fair LogiMAT India.

According to a statement, the integration of cutting-edge technologies and advancements in intralogistics, automation, warehousing, and transportation management heralds a transformative era for the logistics sector in India.

Indian freight and logistics market is poised for remarkable growth.

LogiMAT India 2024 projections indicate a surge in market size to USD 317.26 billion by 2024, with a projected CAGR of 8.83 per cent, catapulting it to USD 484.43 billion by 2029.

This surge not only signifies robust economic expansion but also holds the promise of substantial job creation and enhanced business scalability, it stated.

Together, these developments are set to redefine the logistics landscape, ushering in a new era of efficiency and innovation.

Sachin Patil, MD and CEO of Messe Stuttgart said the transformative potential of new technologies and innovations showcased at LogiMAT India is immense.

“We envision these advancements to not only attract substantial investments to India’s logistics sector, but also to create a significant number of jobs, driving economic growth and prosperity,” he added Furthermore, these technologies have the potential to scale logistics businesses to unprecedented levels, enablingthemtooptimiseoperations,enhancecustomerservice, andachievegreaterprofitability,thestatementsaid.

By leveraging robotics, automation, AI, and other cuttingedge solutions, logistics companies can streamline processes, reduce costs, and stay ahead of the competition in today’s dynamic business environment, it pointed out.

Cargo Steamer's Agent's ETD

CJ-V

CJ-VI

CJ-VIII

CJ-X VACANT

CJ-XI

CJ-XII SSF Dynamic ULSSL 05/03

CJ-XIII Yasa Pioneer Chowgule Bros 08/03

CJ-XIV Bulk Bequia Chowgule Bros 07/03

CJ-XV Kouros Leader Mystic Shpg. 06/03

CJ-XVA ER Maden BS Shpg. 08/03

CJ-XVI Nav Neha Rishi Shpg. 07/03

GENERAL CARGO VESSELS

Agali Cross Trade 05/03

OIL JETTY

LIQUID CARGO VESSELS

SHIPS

WITH EXPORT CARGO

/ IN PORT FOR IMPORT

CMA

NSFT

Stephanie

NSICT

(V-409W) Maersk India 2369940 27/02

Zoi (V-112E) Star Shipping 2369953 27/02

Maersk Gibraltar (V-408W) Maersk India 2369955 27/02

OOCL Hamburg (V-043E) OOCL India 2369963 27/02

Nordpanther (V-02407W) ALX Shipping 2369978 27/02

MSC Ravenna (V-IS407A) MSC Agency 2369990 28/02

Tema Express (V-2408W) ISS Shipping 2370002 28/02

MOL

NSIGT

BMCT

Niledutch Lion (V-4310W) ISS Shipping 2370134 29/02

API Bhum (V-006E)

SSF Dynamic (V-066W)

APL Qingdao (V-OINGBW1) CMA CGM Agency (I) 2370320 01/03

Palermo (V-24007W) Sea Consortium 2370330 01/03

GFS Sapphire (V-0019) MBK Logistics 2370331 01/03

Ren Jian 16 (V-OXM00E1) CMA CGM Agency (I) 2370353 02/03

Vessel

(V-OUW1ZW1) 28-02-2024

Sounion Trader (V-2407W) 29-02-2024

Mombasa Express (V-004W) 01-03-2024

Tema Express (V-2408W) 01-03-2024

Ali

Stephanie C (V-2402E) 02-03-2024 Port Kelang

Hansa Rotenburg (V-935) 27-02-2024 Jebel Ali

Ever Excel (V-172E) 27-02-2024 AMCT

Maersk Virginia (V-409W) 28-02-2024 Fujairah

Nordpanther (V-02407W) 01-03-2024 Sohar

Gregos (V-2404E) 02-03-2024 Haiphong

Maersk Hartford (V-408W) 03-03-2024 Salalah

Inter Sydney (V-0150) 04-03-2024 Bandar Abbas

Maersk Danube (V-408W) 28-02-2024 Pointe Noire

MSC Surabaya VIII (V-IU408A) 29-02-2024 AICT

MSC Ravenna (V-IS407A) 01-03-2024 Mundra

MSC Lucy (V-IP409A) 02-03-2024 Hazira

Niledutch Lion (V-4310W) 03-03-2024 ACMTPL

Wan Hai 507 (V-E220) 29-02-2024 Port Kelang

Yantian Express (V-2348W) 29-02-2024 AICT

Maersk Gibraltar (V-408W) 01-03-2024 Salalah

MOL Creation (V-091E) 02-03-2024 Pipavav

OOCL Hamburg (V-043E) 03-03-2024 Pipavav

Wan Hai 501 (V-E245) 03-03-2024 Cochin

Wadi Duka (V-2403W) 27-02-2024 Mundra

Safeen Power (V-064W) 28-02-2024 Khalifa

MSC Virgo (V-XA407A) 28-02-2024 ACMT

Albidda (V-2401) 28-02-2024 Jebel Ali

APL Gwangyang (V-OPE99W1) 29-02-2024 Khalifa

Wan Hai 317 (V-E217) 29-02-2024 MICT

Sprinter (V-049W) 29-02-2024 Khalifa

MSC Felixstowe (V-JU408R) 29-02-2024 Sohar

Kmarin Azur (V-409W) 01-03-2024 Mundra

Ever Envoy (V-186E) 01-03-2024 Karachi

Zoi (V-112E) 01-03-2024 Hazira

Xin Pu Dong (V-0272E) 02-03-2024

SSF

API

(V-066W) 03-03-2024

Schedule Reliability drops again in January 2024 : Sea-Intelligence

COPENHAGEN: Amidst the Red Sea crisis, global schedule r e l i a b i l i t y c o n t i n u e d t o decrease, and dropped by -5.1 percentage points M/M in January 2024 – the same M/M drop as in December 2023 – to 51.6%. This drop means that the January 2024 score was the lowest since September 2022.

On a Y/Y level, schedule reliability in January 2024 was -0.8 percentage points lower than in January 2023 Due to the round-ofAfrica sailings, the average delay for LATE vessel arrivals deteriorated further, increasing by 0.59 days M/M to 6.01 days.

CMA CGM was the most reliable top-13 carrier in January 2024 with schedule reliability of 54.7%, followed by four more carriers that were above the 50% mark. The remaining carriers all had schedule reliability of 40%-50%,

with Yang Ming the least reliable carrier with January 2024 schedule reliability of 42.2%. In January 2024, the difference in schedule reliability between the most and least reliable carrier was the lowest since February 2023. Because of the current Red Sea crisis, and due to significant delays on the round-of-Africa sailings, none of the top-13 carriers were able to record a M/M improvement in schedule reliability, with only 7 carriers recording a Y/Y improvement in January 2024.

India’s exports growth will remain higher despite tussle in Red Sea: PHDCCI

NEW DELHI: India’s resilience unleashed in the face of Red Sea crisis India is effectively navigating troubled waters, applying effective mitigating strategies for maintaining the resilience of 50% of its exports, says the industry body PHDCCI

Despite the tussle in Red Sea, India will be able to maintain a positive growth in exports in the current financial year 2023-24, on the back of tussle-mitigating approach and declining global freight costs, said Shri Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry in a press statement issued here.

Rejuvenating demand scenarios in the advanced economies and a significant decline in container cost will have a positive impact on India’s competitiveness in the global markets, said Mr. Agrawal.

India’s total exports were USD 776 billion in FY 2022-23 with a year on year growth of about 15%; the exports will be higher than the last year’s value, said Shri Sanjeev Agrawal.

The era today is characterized by interconnectedness and global interdependence where the geopolitical landscape significantly influences the economic fortunes of nations, he said.

Despite global challenges, India’s economy remains resilient India’s geopolitical significance is growing, earning praise from international institutions, said Shri Sanjeev Agrawal. The Red Sea route through the Suez Canal plays a pivotal role in connecting domestic companies with markets in Europe, North America, North Africa, and parts of the Middle East, said Shri Agrawal.

The Red Sea strait, serving as a linchpin for 30% of global container traffic and 12% of global trade, underscores its

importance in the interconnected World of commerce, said Shri Sanjeev Agrawal.

India, heavily reliant on the Red Sea route for its exports, particularly to Europe and the United States, finds itself at a crucial juncture. Approximately 80% of India’s merchandise trade with Europe traverses the Red Sea, making this crisis a cause for concern, said Shri Sanjeev Agrawal.

In the fiscal year 2022-23, approximately half of the country’s exports were routed through the Red Sea. Europe constituted around 22%, North America accounted for 19.5%, North Africa contributed around 2%, and parts of the Middle East constituted around 7% of this trade, said Shri Sanjeev Agrawal.

In the fiscal year 2022-23, about 30% of the country’s imports were facilitated through the Red Sea. Russia constituted around 13%, North America accounted for around 8%, North Africa contributed around 1% and parts of the Middle East represented around 8% of this import trade, said Mr Agrawal India may face a sectoral impact on agricultural commodities, marine products, textiles and chemicals, capitalgoodsandpetroleumproducts,saidShriAgrawal

To effectively address the challenges posed by the Red Sea crisis, India should prioritize diplomatic initiatives, diversify trade routes and transportation options, leverage existing infrastructure such as the Chabahar Port, Government support including subsidies and invest in technology, he said.

India acknowledges the complexity of the challenges posed by Red Sea crisis but is steadfast in its commitment to navigating these troubled waters by leveraging strengths, exploring alternative routes, and forging new partnerships, said Shri Sanjeev Agrawal.

Drewry: World Container Index down 5% last week

LONDON: Drewry’s World Container Index decreased by 5% to $3,493 per 40ft container last week. Drewry’s detailed assessment for Thursday, 29 February 2024

1. The composite index decreased by 5% to $3,493 per 40ft container last week and has increased by 88% when compared with the same week last year

2. The latest Drewry WCI composite index of $3,493 per 40ft container is 146% more than average 2019 (pre-pandemic) rates of $1,420.

3. The average composite index for the year-to-date is $3,553 per 40ft container, which is $859 higher than the 10-year average rate of $2,694 (which was inflated by

the exceptional 2020-22 Covid period).

4 Freight rates on Shanghai to Rotterdam decreased 7% or $277 to $3,944 per 40ft box. Likewise, rates from Shanghai to Genoa dropped 6% or $285 to $4,757 per feu. Followed by rates on Shanghai to Los Angeles which declined 4% or $197 to $4,486 per 40ft container Similarly, rates from Shanghai to New York dropped 3% or $156 to $5,820 respectively Conversely, rates on Los Angeles to Shanghai and New York to Rotterdam increased 2% or $11 and $10 to $719 and $633 per 40ft box Likewise, rates Rotterdam to Shanghai and Rotterdam to New York swelled 1% or $5 and $16 to $915 and $2,220 per feu. Drewry expects slight decreases in spot rates from China over the next few weeks.