NAVI MUMBAI: Jawaharlal Nehru Port Authority (JNPA), India’s Best-Performing Port, h a n d l e d 5 9 6 , 8 4 4 T E U s o f containers in November 2024, which is higher by 15.23% compared to traffic in November 2023. JNPA handled 4,738,978 TEUs of containers from April 2024 to November 2024, which is higher by 13.38% compared to the corresponding period in the previous financial year
NAVI MUMBAI: Nhava Sheva Freeport Terminal (NSFT) has achieved a remarkable milestone by crossing the 1 Million TEUs mark in just 22 months of operation. This is a testament to its dedication, efficiency, and commitment to excellence
Shri Unmesh Wagh, IRS
Nhava Sheva Freeport Terminal : A Million Reasons to Celebrate!
Cont’d. from Pg. 2 Nhava Sheva
F r e e p o r t
T e r m i n a l
known as NSFT is a joint venture between JM Baxi & CMA Terminals. NSFT is one of the Container Terminals operating from Nhava Sheva's Jawaharlal Nehru Port (JNPA) having procured a 30 years license from the Port to provide Container Handling Services at its facility.
AAL Shipping strengthens focus on the Indian market with latest project heavy lift shipments
deployment of the 31,000 dwt
project heavy lift cargoes from India to the Americas reinforces AAL Shipping’s increasing focus on the Indian market. The premium project carrier is strengthening its presence in the country, connecting Europe with India and India to the US Gulf with both monthly liner and tailormade tramp chartering services to offer extensive coverage for local and related shippers
A A L Ke m b l a ’ s o w n
700-tonne capacity heavy lift cranes made light work of lifting and stowing the cargoes into both its holds and on deck, with expert planning ensuring all units were loaded onboard in a safe and timely fashion.
The ‘AAL Kembla’ – one of nine vessels in AAL’s celebrated A-Class fleet – docked at Adani Hazira Port in late September on AAL’s monthly s c h e d u l e d ‘ E u r o p e – M i d d l e East/India – Asia Monthly Liner Service’. It was tasked with loading t w o s h i p m e n t s b o u n d f o r New Orleans, USA, and Salina Cruz, Mexico, respectively, to connect with AAL Kembla’s next voyage on the ‘Asia – Americas Trade Route’.
The cargoes were booked in coordination with AAL’s local agent i n I n d i a , M e r c h a n t S h i p p i n g S e r v i c e s , a n d c o m p r i s e d 29 packages in total. For Salina Cruz, the 1,636 cbm shipment included p o w e r p l a n t e q u i p m e n t manufactured in Hazira, with i n d i v i d u a l u n i t w e i g h t s o f 200 tonnes. The second shipment, bound for New Orleans, involved oversized Air Furnace Lower Shells, totalling 2,010 cbm and with individual weights tipping the scales at 75 tonnes.
Karim Smaili, General Manager Middle East at AAL Shipping, explained: “We have distinct services that offer monthly connections from Europe to India, and India to the US Gulf, connecting with major trade hubs around the world to provide extensive coverage for the region. The success of these India fixtures underscores AAL’s robust capabilities in handling c o m p l e x p r o j e c t c a r g o a n d highlights the strategic importance of India as a hub in our global service network.” H
d : “A s t h e available time at the berth at Adan
i n e d , we needed to complete the loading operations efficiently and safely We worked from 6 a m t o e n s u r e w e h a d sufficient daylight hours to load the heavy packages, working until midnight to ensure all cargoes were stowed and secured ready for departure This required excellent planning from all stakeholders to ensure the operations were completed without delay
“AAL’s strengthened network between India and major global markets, and our close coordination with Merchant Shipping Services, e n s u r e s e f f i c i e n t a n d seamless services to and from the country – even for the most complex of cargoes.”
Mr. Karim Smaili General Manager Middle East atAALShipping
The 31,000 dwt vesselAALKembla loading project cargo in Hazira
TSS L'Global Ag. UK, North Continent & Scandinavian Ports. Dronagiri-2 AMI Intl. AMI Global UK, North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal UK, North Continent & Scandinavian Ports. Dronagiri-3 Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.
Safewater Safewater Lines UK, North Continent, Red Sea & Med. Ports. Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI
04/1205/12 04/12 1400 Ningbo Express 2448W Q2018 1111146-15/11 Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS 11/1212/12 TBATBA CMA CGM Titus 0MXL1W1 Q2116 CMA CGM CMA CGM Ag. Valencia, Cagliari. (IMEX Service) Dron-3&Mul 18/1219/12
TBATBA Koi 0MXL5W1 COSCO COSCO Shpg. P Said, La Spezia, Livorno, Genoa, Fos, Barcelona, Valencia, Algeciras 05/1206/12 04/12 1400 Maersk Tukang 448W Q1947 1110212-08/11 Maersk Line Maersk India Port Tangiers, Algeciras, Rotterdam, Felixstowe Maersk CFS 12/1213/12
CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul 17/1218/12
TBATBA YokohamaExpress 4348W Q2021 1111145-15/11 Hapag ISS Shpg. UK, North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS 22/1223/12 TBATBA Vung Tau Express 4349W
COSCO COSCO (I) UK, North Cont., Scandinavian, Red Sea & Med.Ports. 24/1225/12 TBATBA Laem Chabang Express 4350W ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. (IOS) Gold Star Star Ship Hamburg, Antwerp, Tilbury. Oceangate CFS
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS
In Port 04/12 Konrad KON0724W Q2106 1112581-26/11 Akkon Line Oasis Shpg. Aliaga Gemlik, Gebze (YIL Port), Ambarli, Felixstowe, Antwerp In Port 05/12 Kota Nipah 0159W Q1995 1110919-14/11 PIL PIL India Djibouti, Berbeira
06/1207/12 06/12 0500 Kota Rehmat 0160W Q2052 1111933-21/11 (RGS)
04/1205/12 04/12 0200 Hyundai Jakarta 31W Q2072 1112242-23/11 HMM HMM Shpg. Jeddah, Damietta, Piraeus, Genoa, Valencia, Barcelona, Seabird CFS (FIM West Bound) ONE Line ONE (India) Valencia, Barcelona, Genoa, Piraeus, Damietta, Algeciras
TBATBA CMA CGM La Scala 0INILW1 Q2143 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2 21/1222/12
TBATBA Lotus A 0ININW1
ONE Line ONE (India) India America Express (INDAMEX) 28/1229/12
04/0105/01
TBATBA CMA CGM Cendrillon 0INIPW1
COSCO COSCO Shpg.
TBATBA APL Mexico City 0INIRW1 Indial Indial Shpg. US East Coast & South America (INDAMEX)
ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3
Team Lines Team Global Log. Norfolk, Charleston. ConexTerminal
Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
09/1210/12 09/12 0900 MSC York VII IP449A Q2104 1112575-26/11 MSC MSC Agency Boston, Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals
13/1214/12 13/12 0900 MSC Greenwich IP450A Q2173 1113424-03/12 Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira, Paita, 21/1222/12 21/12 0900 MSC Candice IP451A Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel (EPIC / IPAK) Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America
CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo. BSS Bhavani Shpg. P Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS 07/1208/12 07/12 1600 Zhong Gu Hang Zhou 24004E Q1878 1109462-04/11 Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo Dronagiri 17/1218/12
TBATBA GFS Giselle 2413E Q2036 1111565-19/11 Heung A Line Sinokor India 18/1219/12
TBATBA Varada 2414E Sinokor Sinokor India Seabird CFS 25/1226/12
TBATBA Grace Bridge 2408E TS Lines TS Lines (I) (CSC) Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 14/1215/12
TBATBA SOL Prime 5406E Q2169 1113378-02/12 BLPL
Transworld GLS Far East Ports.
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
ETAETD VESSELS Voy V.I.A ROT. LINE AGENTS WILL LOAD FOR CARTING DATE TIME NAME No.No. No.&Dt. POINT CUT OFF TO
LOAD FOR FAR EAST, CHINA & JAPAN PORTS from
In Port 04/12 Wan Hai 506 E237 Q2103 1112553-26/11 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 09/1211/12
Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 24/1225/12
TBATBA Argolikos E167 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 07/1208/12 07/12 2100 Xin Da Yang Zhou 097E Q2048 1111900-21/11
OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, GDL/Dron-1 12/1214/12
TBATBA OOCL Hamburg 154E TS Lines TS Lines (I) Australian Ports. (CIX-3) Dronagiri-2 (CIX-3) Austral Asia MCS (I) Port Lae, Port Moresbay, Madang, Kavieng, Rabaul, Honiara Dronagiri-3 Team Lines Team Global Log. Australia & New Zealand Ports. ConexTerminal
TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT
Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3&Mul. 13/1214/12 TBATBA BFAD Pacific 449S Q2095 1112498-25/11 Maersk Line Maersk India Pointe Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk CFS 20/1221/12 TBATBA CMA CGM San Antonio 0MTJ3W1 DAL Seatrade Durban, Port Elizabeth, Capetown, Maputo, Beira. (MIDAS-2) 08/1209/12 TBATBA Maersk Cairo 450S Q1958 1110446-11/11 Maersk Line Maersk India Mombasa, Victoria. Maersk CFS 15/1216/12
TBATBA Maersk Cape Town 451S Q2077 1112483-25/11 (MWE SERVICE) 11/1212/12 TBATBA Maersk Colombo 449W Q2093 1112488-25/11 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS 18/1219/12
TBATBA Maersk Florence 450W Q2109 1112591-26/11 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis (MESAWA) Dron.-3&Mul. 13/1214/12 TBATBA Celsius Edinburgh 004W Q2062 1112122-23/11 ONE Line ONE (India) Mombassa, Beira, Maputo. (MJI)
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT
04/1205/12 04/12 1000 MSC Silvana VIII IU448A Q2091 1112486-25/11 MSC MSC Agency San Pedro, Monrovia, Dakar, Freetown, Alger, Annaba, Bejaia, Oran, Hind Terminals 11/1212/12 TBA 1000 MSC Silvia IU449A Casablanca, Nouakchott, Nouadhibou, Cotonou, Tincan/Apapa (INDUS) 04/1205/12 04/12 1300 MSC Renee IS447A Q2099 1112511-25/11 MSC MSC Agency Tema, Abidjan, Khoms, Tripoli, Misurata, Tunis Hind Terminals 11/1212/12 11/12 1100 MSC Orsolo IS448A Q2172 1113424-03/12 Team Global Team Global Log. East, West & South African Ports. (Himalaya Express) Pun.Conware 09/1210/12 09/12 0900 MSC York VII IP449A Q2104 1112575-26/11 MSC MSC Agency Khoms, Tripoli, Misurata, Tunis Hind Terminals 13/1214/12 13/12 0900 MSC Greenwich IP450A Q2173 1113424-03/12 CMA CGM CMA CGM Ag. Dakar,Nouakchott,Banjul,Conakry, Freetown, Monrovia, Sao Tome,Bata, Dron.-3&Mul. 21/1222/12 21/12 0900 MSC Candice IP451A Guinea Bissau,Nouadhibou, Dakar,Abidjan, Tema, Malabo & Saotome. (EPIC / IPAK) GlobelinkGlobelink West & South African Ports. Safewater Safewater Lines East, South & West African Ports (EPIC / IPAK)
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from GTI
06/1207/12 GSL Christen 448E Q1911 1109847-06/11
Adani Ports records 36 MMT cargo volume in November, says growth driven by Containers
AHMEDABAD: Adani Ports and Special Economic Zone (APSEZ) on Monday announced that it handled 36 MMT of cargo during November 2024. The growth in cargo, it added, was primarily driven by containers, which was higher by 21 per cent in comparison to the same period of last year.
On a year-to-date (YTD) basis, Adani Ports handled 293.7 MMT of total cargo, recording a growth of 7 per cent on-year. In a regulatory filing, the company said that the growth was supported by containers, which posted a rise of 19 per cent YoY, followed by liquids & gas, which went up by 7 per cent YoY
APSEZ announced that its YTD November 2024 logistics rail volume recorded a growth of 10 per cent YoY to 0.42 million TEUs and GPWIS volumes grew by 15 per cent YoY to 14.2 MMT
During the previous month, that is, for the month of October 2024, APSEZ had announced that it handled a total of 37.9 MMT cargo, keeping the company in the glide path for the guided yearly volume. On a year-to-date (YTD) basis, it handled 257 7 MMT of total cargo, up 8 per cent on-year.
Earlier in October, Adani Ports had released its fiscal second quarter earnings with profit at Rs 2,445 crore, posting a growth of 39.90 per cent yearon-year The profit growth, it had said, was recorded amid an increase in the cargo volumes handled by the company a n d “ n e w c a p a c i t y a d d i t i o n s progressing as planned in Gopalpur, Vizhinjam, and Colombo”. During the quarter, the company handled a total cargo of 111 million metric tonnes, up 10 per cent YoY
This comes just days after the
US Department of Justice and the Securities Exchange Commission (SEC) indicted Gautam Adani, Sagar Adani and Vneet Jaain, with conspiracies to commit securitiesandwirefraudandsubstantive securities fraud for their roles in a multibillion-dollar scheme to obtain funds from US investors and global financial institutions on the basis of false and misleadingstatements.
Mr. Gautam Adani, on Saturday, in his first public event since the indictment by the US court, said every attack made the group stronger and every obstacle was a stepping stone for more resilience. “Less than two weeks back, we faced a set of allegations from the US about compliance practices This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger,” he said.
JNPA grows by 13.38% YTD & 15.23% (YoY) in November 2024
Cont’d. from Pg. 2
Highlights of Nov-2024:
1. JNPA handled 596,844 TEUs of Containers & 7.63 Million Tonnes of total cargo in Nov-2024 which is higher by 15 23 % & 12 34 % respectively as compared to traffic in Nov-2023.
2. During Nov-2024, JNPA handled 582 container rakes and 91,165 TEUs as compared to 549 rakes and 86,408 TEUs during the corresponding period in the previous financial year.
3. JSW JNPT Liquid Terminal Pvt Ltd (JJLTPL) commenced its operations at an additional Liquid jetty (CB-03 & CB-04) on 1st Nov 2024 and handled 48,470 tonners of Liquid.
4. The NSFT, one of our container terminals, has achieved a significant milestone by crossing the 1 Million TEU mark within just 22 months of commencing operations
Highlights of FY 2024-2025:
1. JNPA handled 4,738,978 TEUs of containers & 60.05 Million Tonnes of total cargo from Apr-2024 to Nov-2024 which is higher by 13.38% & 6.41% respectively as compared to the corresponding period in the previous financial year
2. From April 2024 to November 2024, JNPA handled 4,370 container rakes and 693,152 TEUs as compared to 4,230 rakes and 674,515 TEUs during the corresponding period in previous financial year
JNPA's steady growth underscores the efficiency and global competitiveness of its terminal operations. With a strong emphasis on sustainable, integrated logistics solutions, the port continues to deliver a seamless Export Import experience through constant innovation JNPA is proud to announce that M/s. JSW JNPT Liquid Terminal Pvt. Ltd. (JJLTPL) successfully commenced operations at the newly commissioned liquid jetties (CB-03 & CB-04) on November 1, 2024. Additionally, the NSFT, one of our container terminals, has reached a benchmark by surpassing the 1 Million TEU mark in just 22 months of operation Delegation Visits
• Officials from Navic Cell No.29. visited JNPA The visit included insightful presentations on JNPA's upcoming projects and the developments at the Vadhvan Port A comprehensive port and SEZ tour provided a firsthand look into JNPA's operations
• JNPA was pleased to welcome members from RS Global Export, Noida, to JNPA Their visit allowed them to have an in-depth look at JN port's operations, where they explored its latest initiatives, gained insight into ongoing projects, and engaged in valuable discussions with JNPA team
• JNPA welcomed distinguished delegations from Afghanistan, Iran, and Uzbekistan, led by Shri J.P Singh, Joint Secretary, PAI, Ministry of External Affairs, GoI. Our Chairman, Shri Unmesh Sharad Wagh, IRS, extended a warm welcome.
• JNPA was honoured to host Shri Rajesh Kumar Sharma, Deputy Director General, DPIIT, GoI, and other delegates. They were briefed by our HoDs on our operations, and upcoming projects, and discussed the potential of Vadhvan Port
• Hon'ble Shri Rajeev Singh Thakur, IAS, Additional Secretary, DPIIT, GoI, visited JNPA Our Chairman, Shri Unmesh Sharad Wagh, IRS, welcomed the delegates. The delegation was briefed on JNPA's operations, infrastructure, and the upcoming Vadhvan Port project. Key discussions were held on JNPA's upcoming project of Empty Container Yards.
• JNPA had the pleasure of hosting Mr GALIEV Insaf, First Deputy Head of the Investment Development Agency of the Republic of Tatarstan, and his esteemed delegation. The visit included a tour of JNPA-SEZ and discussions on potential collaborations, JNPA’s operations, and the upcoming Mega Port Vadhvan Port.
• JNPA hosted a group of farmers from Satara district, who were warmly welcomed by the Deputy Conservator, Capt. Shri Balasaheb Pawar. The group was given a comprehensive tour of the port and provided valuable
insights into JNPA's operations, including details about the upcoming Agri Processing Facility.
• JNPA had the honour of hosting a group of esteemed IPS officials, who engaged in an insightful interaction with the Chairman, Shri Unmesh Sharad Wagh, IRS. The officials were accompanied by JNPA's Heads of Departments, led by Girish Thomas, Chief Manager of Traffic, who provided a detailed tour of the port's operations, showcasing ongoing projects and green initiatives Programs
• Shri Unmesh Sharad Wagh, IRS, inaugurated the New Super Post Panamax cranes at BMCTPL - one of our terminals, marking a significant step towards the completion of the Fourth Container Terminal Phase II.
• JNPA successfully upgraded its Information Security Management System (ISMS) to ISO 27001:2022 from BSI. This certification reinforces JNPA's commitment to safeguarding information.
• A training session was organised on “Smart Port Cities: Promoting Supply Chain Solutions” at the JNPA-APEC Training Centre. The training session brought together distinguished participants from the Ministry of Ports, Shipping and Waterways, and officials from the other major ports of India.
• JNPA conducted a comprehensive walkthrough of the new centralized visitor pass management system for shipping lines and terminal operators This initiative aims to strengthen security protocols and streamline the visitor management process.
• Shri Unmesh Sharad Wagh, IRS, Chairman, JNPA, participated in the inaugural session panel discussion of the Confederation of Indian Industry (CII) Mumbai International Week 2024. During the discussion on "Business and Beyond," he shared valuable insights, highlighting JNPA's crucial role in driving India's global trade.
• JNPA is proud to announce the flag-off of the first container of export shipment of Banana to Russia from its Centralized Parking Plaza This significant milestone marks a new chapter in India-Russia trade relations.
• Hindi Pakhwada 2024 was celebrated at JNPA with various initiatives.
• Shri Unmesh Sharad Wagh, IRS, Chairman of JNPA, took centre stage during the panel discussion on “The Euro-African-Asian Century: Connecting the Heartlands of Future Growth” on the second day of Sagarmanthan: The Great Ocean Dialogue
• The Constitution Day Amrit Mahotsav was celebrated at Jawaharlal Nehru Port Authority with the observance of various activities and competitions. The week-long event concluded with a preamble reading session.
• JNPA-APEC Training Centre hosted a specialized VTS training program. JNPA's employees, HoDs and other port officials gained valuable insights from expert faculty member Jillian Carson-Jackson.
• Shri Unmesh Sharad Wagh, IRS, Chairman of JNPA, participated in a thought-provoking symposium on India's Path to Sustainable Growth. Reflecting on the challenges posed by the uncertainties of the COVID-19 pandemic, he emphasized the importance of preparedness and developing a competitive edge to effectively navigate global challenges.
• JNPA, in collaboration with CFTI, has undertaken a significant CSR initiative to develop school infrastructure at Navghar, Uran.
• JNPA and NSBPL have hosted an insightful Open House Session with all units and stakeholders of JNPA & Arshiya SEZ. Shri Dnyaneshwar B. Patil, IAS, Zonal Development Commissioner, and other representatives of SEEPZ-SEZ, Andheri along with CEO-SEZ, Shri Niteen Borwankar, presided over the meeting to discuss ongoing FTWZ and Trade issues in SEZ.
• JNPA was delighted to organize a tree plantation drive sponsored by Unit holders of SEEPZ SEZ, Andheri at JNPA-SEZ. It witnessed the August presence of Shri Dnyaneshwar B Patil, IAS, Zonal Development Commissioner, other representatives of the DC office, representative of SEEPZ SEZ unit holders and CEOof JNPA SEZ.
MoPSW : Average Turnaround Time of Major Ports
NEW DELHI: The average turnaround time for the Major Ports has reduced from 93.59 hours in 2013-14 to 48.06 hours in 2023-24, a reduction of 48.65%. The Government has taken various steps to improve the turnaround time such as the construction of new berths, terminals, and parking plazas, mechanization / modernization / optimization of existing berths and ter minals, streamlining of processes through digitalization, expansion of hinterland connectivity through rail and road, etc.
Berth allocation and vessel sequencing in Major Port is done as per the Berthing Policy issued by Ministry Infrastructure development and capacity augmentation of Major Ports is a continuous process It involves the construction of new berths and terminals, mechanization of existing berths and terminals, capital dredging for deepening of drafts for attracting larger vessels, development of road and rail connectivity etc.
This information was given by The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal in Rajya Sabha.
The details of port-wise turnaround time of Major Ports for the financial years 2023-24 are given below:
IFSCA to ease regulations, cut costs for funds operating in GIFT City : Chairman Rajaraman
GANDHINAGAR: GIFT City regulator IFSCA will introduce regulatory changes by the end of this month to help funds operating in the international financial services centre (IFSC) lower their operational costs while serving the Indian market, Chairman K Rajaraman said on Monday Currently, there are about 180 funds registered with the International Financial Services Centres Authority (IFSCA).
This initiative is part of the regulator’s broader efforts to encourage financial institutions in GIFT City to offer capital and other financial services to Indian companies at globally competitive rates, Rajaraman said at the GreenReturns Summit 2024, organised by the Indian Venture and Alternate Capital Association (IVCA) in New Delhi.
“If Indian corporates are to become global champions, they must access capital at globally competitive rates. Without competitive inputs, one cannot expect competitive outputs,” Rajaraman said.
“How do we cut away the layers of costs that the industry should not be saddled with if it wants to become global champions? That is what we are now focused on” he added.
He highlighted that the IFSCA has now shifted its focus from ‘Onshoring the Offshore’ to ‘India at 2047’. When the IFSCA was first set up in 2019, its main objective was to ensure ‘Onshoring the Offshore,’ Rajaraman noted.
“Our thought process now is about how to support the Indian economic landscape in becoming a developed
country by 2047. It will require more than a normal effort to get there. Among the variety of problems, one key issue is how to provide cost-effective financial services and costeffective capital to Indian corporates,” he said.
IFSCA sees a great opportunity for Indian corporates to raise green debt through Gift City banks, he said. There is also an opportunity to establish more private debt funds. “Private debt funds can be set up. Our job is to facilitate that. We will explore ways to reduce the cost of operations in Gift City by making our regulations more efficient for them,” Rajaraman said.
Last year, IFSCA mandated that banks operating in GIFT City must lend at least 5 per cent towards green credit. As on date, they have lent around $3 billion, exceeding the 5 per cent requirement, as green credit.
Today, five years since IFSCA came into being, GIFT City has 28 international and local banks that have set up business there. The total asset size of these lenders stands at $71 billion, of which around $50 billion has been lent to corporates in India and abroad.
As on date, GIFT City has about 180 registered funds, two international stock exchanges, a bullion exchange, and 16 insurance companies, besides other players in the financial services ecosystem.
Rajaraman said that IFSCA also expects transition finance instruments to be launched in the coming days from GIFT City. “There is a long way to go, but we have covered initial ground. We expect the market here to look at greater innovations,” he added.
The Red Sea crisis and its impact on containership deployment
LONDON: The impact of the Red Sea crisis on containership deployment trends – after a wave of ‘cascading’ rapidly accelerated supply growth last year – is brought home to the market in a new report by shipbreaking firm Clarksons.
Smaller vessels ’cascaded’ from Asia-Europe lanes have been returned back to the tradelane, with the share of Asia-Europe deployment of ships smaller than 17,000 teu rising 11% year on year, to 42%, last month.
Clarksons analyst Thomas Grant also noted that on the transpacific, the share of deployment of 12,000-17,000 teu ships was growing, but the movement of these vessels onto
Far East-Europe kept this share steady, at 46% this year
In comparison, the regression in freight rates in 2023 coincided with multiple newbuilding deliveries, following the heavy ordering during the Covid-induced boom.
As 2.3m teu of ships entered service last year, equating to 8% capacity growth, supply pressure was most acute in the larger sizes – 850,000 teu of 12,000-17,000 teu vessels hit the water, an 18% expansion in capacity in this size range.
As ships of this size are the main transpacific workhorses, many were assigned to this lane, making up 45% of transpacific capacity by December 2023 (up from 39% in January).
Coastal Shipping Bill introduced in Lok Sabha; Aims to boost Maritime power
NEW DELHI: The Government on Monday, December 2 introduced a bill in the Lok Sabha aimed at modernising and streamlining the shipping industry. The Coastal Shipping Bill, 2024, will pave the way for several transformative measures to boost traffic at major ports and enhance the overall efficiency of the maritime industry, with changes particularly benefiting domestic shipping companies.
Shri Sarbananda Sonowal, Minister of Ports, Shipping and Waterways, introduced the bill in the Lower House amid din over d e m a n d f r o m t h e O p p o s i t i o n members to discuss issues including allegations against industrialist Gautam Adani and his indictment in the US, the Manipur unrest and the
Uttar Pradesh
The bill once enacted will create a more favourable environment for domestic shipping operators, reducing bureaucratic hurdles and encouraging greater participation in both coastal and international trade. It also proposes to eliminate the need for Indian-flagged vessels to obtain trading licences for conducting coastal trade. The move is aimed at simplifying regulatory procedures and encouraging more domestic shipping operators to engage in coastal shipping.
The bill, cleared by the Cabinet in O c t o b e r, a l s o
a l i g n regulations governing international trade ships with global standards with the aim of helping Indian vessels meet
international benchmarks and becoming more competitive in global maritime trade. The bill also seeks to create a National Database of Coastal Shipping to ensure transparency of procedure and aid in information sharing.
“Coastal shipping in India holds great potential owing to the vast coastline of around 7,500 kilometres and proximity to important global s h
transportation, particularly coastal shipping, is cheaper compared to other modes of transportation. There is a need to improve transport c
infrastructure in the coastal maritime transport sector,” Sonowal said while introducing the bill.
NEW DELHI: The Commerce Ministry is reviewing various aspects of India-US trade relations focusing on implications of statements made by US President-elect Donald Trump during his election campaign and after the results, an official said The official added that there are no irritants in the relations between the two countries that can lead to discriminatory tariffs against India.
Tr u m p , d u r i n g h i s e l e c t i o n campaign, has called India an “abuser” of import tariffs, a claim that echoed his October 2020 statement labelling India the “Tariff King”. Trump recently also warned BRICS countries against any move to replace the US dollar and has sought a commitment from the ninemember group that includes India, Russia, China, and Brazil.
In the wake of such statements, brainstorming is fundamental to discuss the trade relations as the US is the largest trading partner of India.
Trade experts have time and again stated that Trump’s claim that India is an “abuser” of import tariffs is unfair as many nations including America
protect their domestic industries by imposing high customs duties on certain products.
According to WTO’s World Tariff Profiles 2023, the US also imposes high duties on items like dairy products (188 per cent), fruits and vegetables (132 per cent), coffee, tea, cocoa and spices (53 per cent), cereals and food preparations (193 per cent), oilseeds, fats and oils (164 per cent), beverages and tobacco (150 per cent), fish and fish products (35 per cent), minerals and metals (187 per cent), and chemicals (56 per cent).
An expert said that if the US would seek a cut in customs duties for some of their products, India should also demand a similar reduction to get greater market access for domestic items. The US was the largest trading partner of India in 2023-24 India’s exports stood at USD 77.51 billion, while imports aggregated at USD 42.2 billion in the last fiscal.
Commerce and Industry Minister Piyush Goyal has recently stated that the US President is a “friend of India” and India-US friendship will only
continue to blossom and grow further India’s trade relations with the US will continue to grow irrespective of the change in regime in America and according to the commerce ministry data, India’s exports to the US jumped to USD 39.2 billion in October against USD 21.46 billion in October 2015.
During 2001-23, at a Compounded A n n u a l G r o w t h R a t e ( C A G R ) , India’s exports to America rose by 10.48 per cent.
In this period, the US imports from the world have grown by 4.76 per cent.
“The India-US economic integration is growing over the period of time and that is a good thing for us and I trust that it will continue to grow,” the official said.
During April-October this fiscal, the country’s exports to America rose by 6 31 per cent to USD 47 24 billion, while imports grew by 2.46 per cent to USD 26 billion.
Experts have also stated that Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals, if the new US administration decides to pursue the ‘America First’ agenda.
Plans to develop Goa as Cargo and Cruise Hub
N E W D E L H I : T h e C e n t r a l Government, in coordination with the State Government of Goa, is developing Goa as a major cargo and cruise destination. Under the Sagarmala Scheme, an international and domestic cruise terminal, along with a ferry terminal, has been developed at Goa.
The Central Government has developed an International and Domestic Cruise Terminal, along with a Ferry Terminal at Mormugao Port, Goa, with an estimated project cost of Rs 101 72 crores The project is
scheduled for completion by March 2025. Ministry of Ports, Shipping and Waterways is also preparing DPRs for 09 coastal jetties in Goa to boost cargo volume, reduce traffic, and improve inland transport Efforts to increase cargo include building new terminals, expanding existing ones, enhancing connectivity, upgrading equipment, and promoting coastal shipping through subsidies and reduced charges To further boost cruise activities, the Central Government launched the Cruise Bharat Mission in 2024.
The expected economic impacts of such development like creating jobs in transportation, hospitality, retail, and tourism, boosting local business revenue. It also improves local connectivity through enhanced inland waterway services, including ferry and RoRo (Roll-on/Roll-off) ser vices, enabled by integrated cruise circuits
This information was given by The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal in Rajya Sabha.
SHIPPING MOVEMENTS AT GUJARAT PORTS
TODAY’S TIDE 04/12/2024
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Dubai Knight DBC 13/12
CJ-II Almeray Synergy 06/12
CJ-III Golden ID DBC 07/12
CJ-IV Ipanema Beach Synergy 05/12
CJ-V Saronic Spirit Synergy 06/12
CJ-VI Spring Oasis DBC 05/12
CJ-VII VACANT
CJ-VIIA Vraj Sagar Inayat Cargo 06/12
CJ-VIII VACANT
CJ-IX Iyo Sea Rishi Shpg. 06/12
CJ-X Elina B Sealink 06/12
CJ-XI SCI Chennai JMBaxi 05/12
CJ-XII TCI Anand TCI Seaways 05/12
CJ-XIII Steller Indigo Cross Trade 07/12
CJ-XIV Thor Niramit Cross Trade 08/12
CJ-XV Janis Parekh Marine 06/12
CJ-XVA Iberian Bulker DBC 08/12
CJ-XVI LF Chowgule Bros 05/12
TUNA VESSEL'S NAME AGENT'S NAME ETD Woohyun Star GAC Shpg. 06/12 Vishva Jyoti Taurus 05/12
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I LPG/C Rose Gas
OJ-II KG 7 Samudra 05/12
OJ-III Bourda Interocean 05/12
OJ-IV Sea Horse Samudra 05/12
OJ-V Stolt Maple JMBaxi 05/12
OJ-VI VACANT
OJ-VII Hafnia Ane Interocean 05/12
Nalinee Naree 01/12
Safeen Power (IG1) 01/12 Nhava Sheva-Jebel AliDammam-Shuiba-Umm Qasr
Porto Kioni 01/12
Chemroad Journey 01/12 USA
Kashan (IIX) 02/12 Bandar Abbas-Jebel AliConstanta-Chabahar Shiba 03/12 Bandar Abbas-Jebel AliConstanta-Chabahar White Fin 03/12 Dounan
Anna Elisabeth 03/12
Vast Foison 03/12 China
Jag Rishi 03/12
Chola Treasure 03/12
Squalin Island 03/12
Sanghi Sudharshan 03/12
Suvari Kaptan DBS 05/11
Globe Cleopatra Interocean 12/11
Sofia K B S Shipping 13/11
Sai Fortune Sai Shipping 05/11
Hangyang DBC 18/11
MO Joud DBC 19/11
Splendour Keelung JMBaxi 20/11 Dawn Interocean 19/11
Tai Honor DBC 25/11
Doctor O DBC 24/11
Singapore Bulker B S Shipping 26/11
Queen Lila Synergy 17/11
Paiwan Ace Mihir & Co. 27/11
Dream Sky Mihir & Co. 27/11
Mars J DBC 16/11
Haj Ali DBC 01/12
Marina S Synergy 01/12
Cl Zhuang He Chowgule Bros 01/12
Ibi DBC 02/12
Woohyun Star GAC Shpg. 02/12 Haj Abdullah T DBC 03/12
Stream
Stream
Stream
Stream
Stream
CJ-I
Stream
Stream Glamor Anline Shpg.
Stream Globe Cleopatra Interocean
Golden ID DBC
Stream Haj Abdullah T DBC
Stream Haj Ali DBC
Stream Haj Mohamad DBC
Stream Humbergratch JMBaxi
CJ-XV Janis Parekh Marine
05-Dec Josco Guangzhou Upasana Shpg.
CJ-XVI LF Chowgule Bros
Stream Marina S Synergy
Stream Mars J DBC
Stream Mercury J DBC
Stream MO Joud
Bags
Bags
GENERAL CARGO VESSELS
Stream Splendour Keelung JMBaxi
Vishva Jyoti Taurus
LIQUID CARGO VESSELS
Stream Bow Cedar GAC Shpg. Al Jubail
04-Dec Bow Elm GAC Shpg. Malaysia
04-Dec Bow Firda GAC Shpg.
OJ-VII Hafnia Ane
SHIPPING MOVEMENTS AT ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA
DP WORLD MUNDRA
Dammam (FEX1) TBA Sai ShippingSai Shipping Jebel Ali (JKX)
05/12-PM Marathopolis 449S 4114304 Maersk Line Maersk India Port Casina, Mombasa (MAWINGU)
08/12 08/12-AM Maersk Cardiff 449W 4114303 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
In Port —/— Inter Sydney 168 4114345 Interworld Efficient Marine China (BMM)
05/11 05/11-AM Wan Hai 511 95E 4114267 Heung A / WHL Sinokor (I) / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 06/12 08/12 07/12-PM X-Press Phoenix 449E 4114298 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 09/12 09/12 09/12-PM GSL Christen 448E 4114218 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX) 10/12 09/12 09/12-AM Zhong Gu Hang Zhou24004E 4114363 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC) 10/12
TBA Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
08/12 08/12-AM Maersk Cardiff 449W 4114303 Maersk Line Maersk India Colombo (MW2 MEWA) 09/12 09/12 09/12-AM Zhong Gu Hang Zhou24004E 4114363 Global Feeder Sima Marine Karachi (CSC) 10/12
TBA Sai ShippingSai Shipping Karachi (JKX)
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
05/12 Wan Hai 511 (V-95E) 4114267 Wan Hai Line Nhava Sheva 08/12 Maersk Cardiff (V-449W) 4114303 Maersk India Nhava Sheva 09/12 Zhong gu Hang Zhou (V-24004E) 4114363 MBK Logistix Nhava Sheva
CB-1 Inter Sydney (V-168) Efficient Marine 05/12 CB-2 Hong Da Xin 68 (V-4602E) Emirates Shipping 05/12
09/12 Maersk Guatemala (V-449W) 4114297 Maersk India Jebel Ali 11/12 Wadi Duka (V-2425) 4114390 Seabridge Marine Nhava Sheva 14/12 Celsius Edinburgh (V-4S) 4114416 ONE Line Jebel Ali
Seaspan Jakarta (V-448W) Pipavav 30-11-2024 SSL Brahmaputra (V-921W) Nhava Sheva 01-12-2024 Folk Jeddah (V-2407W) Salalah 01-12-2024
12/12 11/12-2130 Conti Annapurna 997E 24402 ONE ONE (India) (TIP)
16/12 16/12-1100 MOL Presence 019E 17/12 05/12 05/12-1000 One Commitment 067E 24394 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 06/12 17/12 16/12-1000 One Contribution 059E 24403 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3)
30/12 30/12-1000 Seaspan Adonis 077E
08/12 08/12-1100 Xin Da Yang Zhou 097E 24390 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 09/12 12/12 12/12-1400 Pusan 35E 24397 Gold Star / RCL Star Shpg/RCL Ag. Nansha New Port (CIXA)
18/12 18/12-1100 Aka Bhum 025E
TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS
06/12 05/12-1800 Maersk Denver 448W 24387 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 07/12 10/12 10/12-0300 SM Neyyar 0449W 24399 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)
17/12 17/12-0300 Seaspan Jakarta 0450W 24396
TO LOAD FOR INDIAN SUB CONTINENT PORTS & COASTAL SERVICE
In Port —/— Beijing 106E 24382 COSCO COSCO Shpg. Karachi, Colombo (CI1)
04/12 —/— X-Press Phoenix 449E 24395 Maersk Line Maersk India Colombo. (NWX) 05/12 04/12 —/— X-Press Anglesey 24047E 24392 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo. 05/12 12/12 11/12-2130 Conti Annapurna 997E 24402 ONE ONE (India) (TIP) 13/12 08/12 08/12-1100 Xin Da Yang Zhou 097E 24390 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA) 09/12 12/12 12/12-0600 SSL Gujarat 165 24400 SSLSSL Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 13/12 14/12 14/12-0900 SCI Chennai 2416 25002 SCI J M Baxi Mundra, Cochin, Tuticorine. (SMILE) 15/12 20/12 20/12-0900 SM Manali 0049 24391 CCG Sima Marine Hazira, Mangalore, Cochin, Colombo, Katupalli, Vishakhapatanam, 21/12 Krishnapatanam, Cochin, Mundra. (CCG) TO LOAD
FOR US & CANADA WEST COAST
04/12 —/— X-Press Anglesey 24047E 24392 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 05/12 12/12 11/12-2130 Conti Annapurna 997E 24402 ONE ONE (India) Norforlk, Charleston, Halifax. (TIP) 13/12 05/12 05/12-1000 One Commitment
SHIPPING MOVEMENTS AT ADANI HAZIRA PORT
09/12 APL Miami (V-0FFD8E)
06/12 Alaxandria Bridge (V-2448W)
10/12 Cstar Voyager (V-49W)
07/12 CMA CGM Vitoria
08/12 Spil Citra (V-0UW8MW1)
15/12 Ren Jian 8 (V-02SJBS1)
09/12 Asterios (V-2405W) Folk Maritime Seastar Global Gulf
Car.CB-4 BLPL Blessing (V-2417E)(Sailed) BLPL Transword GLS Jebel Ali 2394117 03/12 05/12 Celsius Naples (V-906E) Unifeeder/KMTC Unifeeder/KMTC(I) Far East & 06/12 09/12 ESL Da Chan Bay (V-24006E) Hapag/Evergreen ISS Shipping/Evergreen Shpg. Colombo 10/12 ONE/TS Lines ONE (I)/TS Lines(I)
14/12 Inter Sydney (V-0169) Interworld Efficient Marine Gulf 15/12 BMCT-1 Konrad (V-KON724W) Akkon Oasis Shipping Europe/Med. 2394178 04/12 CB-5 Maersk Boston (V-449W) Maersk Line Maersk India U.K. Cont. 2394230 05/12 10/12 Maersk Denver (V-448W) Maersk Line Maersk India Mediterranean 11/12 Car.CB-5 Maersk Cubango (V-448W)(Sailed) CMA CGM/Maersk Line CMA CGM Ag.(I)/Maersk India Africa 2394209
08/12 Maersk Cairo (V-450S) Maersk Line Maersk India Africa 09/12 06/12 MSC Alyssa (V-IV449A)(NSIGT) MSC MSC Ag U.S.A. 07/12
Car.CB-4 Norderney (V-089W)(Sailed) Unifeeder/One Unifeeder/One India Gulf
06/12 Shiba (V-1338W) HDASCO Armita India Gulf
Car.CB-5 SSL Brahmaputra (V-921E)(Sailed) Wan Hai/Unifeeder Wan Hai Lines (I)Unifeeder Jebel Ali
10/12 Wadi Duka (V-2425W) Folk Maritime/Asyad Seastar Global/Seabridge Jeddah
11/12 X-Press Dhaulagiri (V-24046R) X-Press Feeder/MSC Sea Consortium/MSC Ag Red Sea
15/12 Zhong Gu Kun Ming (V-2448S) Emirates / KMTC Emirates Shipping / KMTC India Gulf
21/12 Tonsberg (V-OPU39S1) RCL RCL Agency
07/12 Zhong Gu Hang Zhou (V-24004E) Global Fdr/TS Lines Sima Marine/TS Lines (I) Far East
17/12 GFS Giselle (V-2413E) Sinokor/Heung A Line Sinokor
07/12
14/12
CMA CGM Nabucco (V-OINIJW1) CMA CGM/OOCL CMA
CMA CGM La Scala (V-OINILW1) COSCO/ONE COSCO Shpg/One
Car.CB-6 Colombo Express (V-4148W)(Sailed) Hapag
04/12 MSC Silvana VIII (V-IU448A)
09/12 MSC York VII (V-IP449A)
04/12 MSC Renee (V-IS447A)
MSC Kayley (V-FD442E)
SCI Mumbai (V-24049W) QNL/Milaha Poseidon
05/12 Maersk Tukang (V-448W) Maersk
12/12 Maersk Guatemala (V-449W)
10/12 NYK Vesta (V-087W) COSCO
17/12 Yokohama Star (V-4348W) Hapag
04/12 Ningbo Express (V-2448W) Hapag/COSCO
11/12 CMA CGM Titus (V-OMXL1W1) CMA CGM CMA CGM Ag. (I) Far East
GTI-1 One Commitment (V-067E) ONE/HMM ONE (I)/HMM Shpg. Far East & 2394189 04/12 14/12 One Contribution (V-059E) Yang Ming Line Yang Ming Line (I) China
08/12 One Readiness (V-004E) ONE/HMM ONE (I)/HMM Shpg. USA
15/12 One Recommendation (V-003E)
04/12 One Responsibility (V-001E) ONE ONE (I) Karachi &
07/12 Cap Andreas (V-016E) X-Press Feeders Sea Consortium Far East
GTI-2 Wan Hai 506 (V-E237) Wan Hai Wan Hai Lines (I) Colombo & 2394180 04/12 10/12 Interasia Horizon (V-E042) COSCO/Interasia Line COSCO Shpg./Interasia Shpg. Far East
06/12 Wan Hai 508 (V-E208) Hapag/Evergreen ISS Shpg/Evergreen China
10/12 Seaspan Brisbane (V-E004) Wan Hai Wan Hai Lines (I)
Car.GTI-2 X-Press Phoenix (V-449E)(Sailed) Maersk Line Maersk India Far East
07/12 Interasia Progress (V-E093) Wan Hai /KMTC Wan Hai Line (I)/KMTC (I) Far East
06/12 Kota Lestari (V-270E) RCL/PIL/CU Lines RCL
14/12 Ever Excel (V-178E)
10/12 KMTC Jebel Ali (V-24008E)
Allcargo’s ECU Worldwide Appoints Jan Kleine-Lasthues as Chief Operating Officer
M U M B A I : ECU Worldwide,
A l l c a r g o Logistics’ wholly-owned global subsidiary and a global leader in LCL consolidation, has appointed Jan Kleine-Lasthues as the Chief Operating Officer In this role, Jan will oversee the global operational functions across all regions, driving operations excellence at ECU Worldwide.
As a part of the global leadership team, he will be focused on institutionalising the operations and process optimization enhancing customer delight He will lead the Digital transformation journey and be responsible for technology integration, trade lane strategies and network management to meet financial goals and drive value creation for all stakeholders.
Jan brings over 20 years of leadership experience in global organizations in the logistics domain Before joining ECU Worldwide, he served as Global Chief Operating Officer, Air Freight at Hellmann Worldwide Logistics. During his 13-year tenure at Hellmann, he was instrumental in building the air freight vertical, globally expanding the global air freight division, launching a new vertical for marine spares, and leading the cruise logistics business.
Welcoming Jan, Shashi Kiran Shetty, Founder and Chairman, Allcargo Group said, “We are delighted to welcome Jan as the Chief Operating
Officer of ECU Worldwide. With his extensive experience and deep understanding of the global logistics industry, Jan is a valuable addition to our executive team. He will lead efforts to drive operational excellence, enhance customer satisfaction, and lead our digital transformation journey. His appointment reflects our commitment to building institutions that excel on a global scale, and I am confident that Jan’s leadership will contribute significantly to this vision. We warmly welcome Jan to the Allcargo Group family and wish him great success in his new role."
Commenting on his appointment, Jan Kleine –Lasthues, Chief Operating Ofcer, ECU Worldwide said, “I am truly excited to join ECU Worldwide, a global leader in LCL consolidation with a legacy of innovation and excellence. I am excited to collaborate with the team to further strengthen our global operations, enhance efficiency, and drive sustainable growth By leveraging technology and optimizing processes, we will deliver exceptional value and strengthen ECU Worldwide’s position as a trusted global logistics partner.”
Jan will be based out of Hamburg, Germany and will report to Adarsh Hegde, Managing Director, ECU Worldwide.
Maersk completes order of 20 dual-fuel vessels
COPENHAGEN: A.P Moller - Maersk (Maersk) has signed agreements with three yards for a total of 20 container vessels equipped with dual-fuel engines. Combined, the vessels have a capacity of 300,000 TEU With these orders, Maersk concludes the intended owned newbuilding orders announced in the August 2024 update of the fleet renewal plan.
“We are pleased to have signed agreements for 20 vessels and thereby completed the acquisition of 300,000 TEU capacity as announced in August These orders are a part of our ongoing fleet renewal program and in line with our commitment to decarbonisation, as all the vessels will have dual-fuel engines with the intent to operate them on lower emissions fuel,” said, Anda Cristescu, Chartering & Newbuilding at Maersk.
All 20 ships will be equipped with liquified gas dualfuel propulsion systems and vary in size from 9,000 to 17,000 TEU.
“Due to their different sizes, the vessels will be able to fill many roles and functions within our future network and give us a lot of deployment flexibility when they are ready to enter our fleet. Once phased in, they will replace existing capacity in our fleet,” added, Anda Cristescu, Chartering & Newbuilding at Maersk.
The first vessels will be delivered in 2028, and the last delivery will take place in 2030.
The August fleet update further announced the intention to charter a range of methanol and liquified gas dual-fuel vessels totalling 500,000 TEU capacity
Maersk has now finalised these charter contracts across several tonnage providers. When phased in, the charter vessels will replace existing capacity. Facts about Maersk’s newbuilding orders of 20 vessels:
• 20 dual-fuel vessels ordered with a total capacity of 300,000 TEU
• 2x 9,000 TEU vessels ordered at Yangzijiang Shipbuilding, China
• 12x 15,000 TEU vessels (6 at Hanwha Ocean, South Korea and 6 at New Times Shipbuilding, China)
• 6x 17,000 TEU at vessels at Yangzijiang Shipbuilding, China
• The vessels will be equipped with liquified gas dual-fuel propulsion systems.
