Milaha achieves FSSC 22000 Certification, Underlining Commitment to World-Class Food Safety and Logistics Solutions
DOHA: Qatar Navigation
Q.P.S.C. ("Milaha"), the industry leading provider of maritime and logistics solutions, is proud to announce that it has been awarded the prestigious Food Safety System Certification (FSSC 22000) by the FSSC Foundation.
This certification underscores Milaha’s dedication to adhering to both regional warehousing regulations and global food safety standards
Cont’d. Pg. 4
CBIC update on Sea Cargo Manifest and Transshipment
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) – India, has extended the i m p l e m
Transshipment (SCMTR) till following dates for below ports. Till then, all SCMTR activities will be under parallel run
• Extension for Tuticorin & Vishakhapatnam till 31/10/2024
• Extension for Nhava Sheva / Mundra / Hazira / Pipavav till 30/11/2024 Starting from the above specified dates, any non-compliance or deviation may result in customs delay and penalties
Deendayal Port Authority : Handles fastest-ever 60 MMT mark
GANDHIDHAM : D e e n d a y a l P o r t Authority, Kandla, has a c h i e v e d a n o t h e r significant milestone b y a c h i e v i n g f a s t e s t - e v e r 6 0 M M T mark recently. This remarkable achievement was driven by the coordinated efforts and support of all stakeholders and port users.
Cargo handled include Coking coal, salt, Phosphoric Acid, Chemicals, M O P (Finished Fertilizer), Rock Phosphate,
Iron Scrap, Iron Ore, Logs, Rice, Bentonite, Oil Extractions (Animal Feed), Silica Sand, Sugar (imports) and Crude Oil (Vadinar).
Shri Sushil Kumar Singh, IRSME, Chairman DPA, thanked all stakeholders, port users, trade unions, officials, employees and workers whose unwavering support and cooperation have been instrumental in achieving this milestone.
He expressed confidence that the port is on the right trajectory to surpass 150 MMT by the end of this fiscal year, informs a recent communique from Port
Shri Sushil Kumar Singh, IRSME
Milaha achieves FSSC 22000 Certification, Underlining Commitment to World-Class Food Safety and Logistics Solutions
Cont’d. from Pg. 3
The certification was granted to M i l a h a L o g i s t i c s C i t y ( M L C ) , which has demonstrated exceptional capabilities and growth. Over the past year, MLC expanded its facilities to cover more than 430,000 square meters and added a state-of-the-art storage facility spanning 36,000 square meters, capable of accommodating 56,600 pallets. These enhancements reflect Milaha's commitment to providing top-tier logistics solutions that meet stringent safety and quality standards.
Fahad Bin Saad Al-Qahtani, Milaha's Group Chief Executive Ofcer, remarked on the significance of the achievement: "Receiving the FSSC 22000 accreditation is a significant milestone for Milaha. This certification is not only a testament to our rigorous adherence to food safety and quality standards but also reinforces our position as a premier choice for logistics solutions It assures our clients that their products are handled with the highest level of safety and professionalism."
The FSSC 22000 certification is a globally recognised standard that ensures comprehensive food safety management It covers all aspects of food safety, including the receiving, storing, and transportation of refrigerated, chilled, temperature-controlled, and dry food products. By meeting these rigorous standards, Milaha mitigates legal and regulatory risks for both it and its clients, enhancing trust and reliability in its warehousing services.
This certification will further bolster Milaha's reputation as a trusted logistics partner and is expected to attract new clients by demonstrating
Milaha's adherence to the most advanced international food safety regulations. The certification also assures current clients that their products are stored and handled in a facility that meets the highest standards of safety and quality
MLC offers a broad array of storage solutions to cater to diverse customer needs in Qatar and the GCC These include open yard storage, temperature-controlled environments (+18 to +22°C), chilled storage (+1 to +4°C), and frozen storage (-18 to -24°C). Additionally, MLC provides e-commerce solutions, distribution, and delivery services and offers bonded warehouse facilities. This allows companies engaged in international business to store frequently purchased goods without incurring customs duties, further reinforcing MLC’s role as a comprehensive logistics provider.
This achievement highlights Milaha’s unwavering commitment to excellence in food safety and logistics, positioning the company as a leader in the industry and a reliable partner for clients seeking secure and efficient storage solutions.
CONCOR : Commences
ICD-Kanakpura to JN Port
JAIPUR : CONCOR-Jaipur has introduced movement of export containers (Road cum Rail) from ICD-Kanakpura to JN Port via Kathuwas on the request of all Trade members, informs a recent communique from CONCOR.
Container movement is be as follows: A] By Road from ICD- Kanakpura to Kathuwas Terminal. B] From Kathuwas Terminal to JN Port via Rail. The transit time for the above movement will take approximately 7 to 8 days.
Public Tariff for JNPT from ICD - Kanakpura Via Kathuwas
APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn
M U M B A I : A d a n i
P o r t s a n d S p e c i a l
Economic Zone Ltd (APSEZ), India’s largest p o r t s a n d l o g i s t i c s company, has entered i n t o a d e f i n i t i v e agreement to acquire 80% stake in Astro, in an all-cash deal for USD 185 million, implying an EV of USD 235 million and EV / FY25E EBITDA at 4 4x The transaction is expected to be value accretive from the first year itself.
projects. Astro leverages an efficient mix of medium to long-term contracts with customers, which allows it to maintain high fleet utilization and benefit from increasing charter rates, driven by limited supply of OSV fleet globally
Incorporated in 2009, Astro is a leading global OSV operator in the Middle East, India, Far East Asia and Africa. Astro owns a fleet of 26 OSVs comprising of Anchor Handling Tugs (AHTs), flat top barges, Multipurpose Support Vessels (MPSVs) and workboats and provides vessel management and complementary services. During the year ending 30 April 2024, Astro posted USD 95 million revenue and USD 41 million EBITDA As of 30 April 2024, Astro was net cash positive. Astro has an impressive roster of Tier-1 customers including NMDC, McDermott, COOEC, Larsen & Toubro and Saipem. Astro is a key player in the offshore construction & fabrication and offshore transportation markets. Astro’s pre-qualified status with major global EPC contractors and the ability to deliver a variety of ocean-going vessels has enabled it to build a roster of Tier-1 customers in the oil & gas industry. Astro’s deep experience in supporting the construction and maintenance of offshore platforms, oil & gas fields and subsea facilities allows it to deliver cutting-edge services to clients in the offshore exploration & drilling markets. Astro’s vessels also support multiple operations for leading international dredging companies, including large offshore construction and land reclamation
“Astro’s acquisition is part of our roadmap to becoming one of the world’s largest marine operators. Astro will add 26 OSVs to our current fleet of 142 tugs and dredgers, taking the total count to 168. The acquisition will also give us access to an impressive roster of Tier-1 customers while further consolidating our footprint across the Arabian Gulf, the Indian subcontinent and Far East Asia. We look forward to working closely with Astro’s leadership team and scaling up the current platform,” said Mr Ashwani Gupta, Whole-time Director & CEO, APSEZ.
“Over the past 15 years, we have created an impressive company trajectory, driven by strategic investments in our OSV fleet and deep relationships w i t h
APSEZ represents a critical inflection point for us Together, we can accelerate growth to add further scale and diversity to our fleet mix, expand our geographical footprint and deliver more end-to-end solutions to our customers,” said Mr Mark Humphreys, Managing Director, Astro Offshore.
There are no regulatory approvals required and the transaction is expected to close within a month, subject to fulfilment of operational conditions precedent.
Allcargo Allcargo Log. UK, North Cont., Scandinavian & Med. Ports. Dron.2&Mul. Service
ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. UK, 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. UK, North Continent & Scandinavian Ports. Pun.Conware
MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals 13/0914/09 13/09 0900 MSC Greenwich IP437A Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D). 20/0921/09 20/09 0900 MSC Ellen IP438A Q1323 1101419-30/08 SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre (EPIC / IPAK) COSCO COSCO Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Seahorse Ship UK, North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. Globelink Globelink WW UK, North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.
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
In Port 06/09 Cap San Sounio 435W Q1254 1100674-22/08 Maersk Line Maersk India Jeddah, S.Canal, Port Said, Tangier, Algeciras, Maersk CFS 12/0913/09 TBATBA Maersk Tukang 436W Q1277 1100969-24/08 Valencia, Geona (ME 2)
ONE Line ONE (India) Valencia, Barcelona, Genoa, Piraeus, Damietta, Algeciras 28/0929/09
TBATBA Hyundai Pluto 0040W (FIM West Bound) 10/0911/09
TBATBA Hang Li Yuan Yang 24031W Q1319 1101433-30/08 SeaLead SeaLead Shpg./ Aliaga, Gebze, Gemlik, Istanbul, Mersin, EL Dekheila, Casablanca, Giga Shpg. Venghazi, Algier, Raves, Constanta, Thessaloniki, Piraeus, Barcelona, Valencia, Misurata (West Asia Red Sea Med - WARM) 18/0919/09
TBATBA NZ Ningbo 27INDSTP MDL Line Hub & Links Alexandira & St. Petersburg
LOAD FOR BLACK SEA, EAST EUROPE
& C.I.S PORTS from NSIGT In Port 05/09 MSC Danit IS433A Q1097 1098773-05/08
Agency New York, Charleston, Huston, Freeport. Hind Terminals 13/0914/09 11/09 0700 MSC Surabaya VIII IU436A Q1353 1101796-03/09 Kotak Global Kotak Global US East, West & Gulf Coast (INDUS) 07/0908/09 06/09 2100 CMA CGM Otello OINHRW1 Q1216 1100155-18/08 CMA CGM CMA CGM Ag. New York, Norfolk, Charleston, Savannah & Dron.-3 & Mul. 13/0914/09 TBATBA CMA CGM Nabucco OINHTW1 Q1273 1100858-23/08 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2 14/0915/09 TBATBA CMA CGM La Scala OINHVW1 ONE Line ONE (India) India America Express (INDAMEX) (INDAMEX)
COSCO COSCO Shpg. 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. ConexTerminal Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
09/0910/09 TBATBA Colombo Express 4334W Q1219 1100341-20/08 Hapag ISS Shpg. New York, Norfolk, Charleston, Savannah ULA CFS (TPI/INDAMEX)
09/0910/09 09/09 0900 MSC Archimidis IP436A Q1256 1100687-22/08 MSC MSC Agency Boston, Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals 13/0914/09 13/09 0900 MSC Greenwich IP437A Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira, Paita, 20/0921/09 20/09 0900 MSC Ellen IP438A Q1323 1101419-30/08 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
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from
05/0906/09 Aka Bhum 023E Q1196 1099957-16/08 OOCL
TO LOAD
13/0914/09
Source Blessing 2436W
LOAD FOR WEST ASIA GULF PORTS From NSICT
TBATBA Golbon 1334W Q1347 1101702-02/09 07/0908/09 07/09 0600 Maersk Seletar 435W Q1270 1100867-23/08 Maersk Line Maersk India Salallah. (MECL)
08/0909/09 08/09 1000 Marathopolis 437S Q1257 1100682-22/08 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE)
09/0910/09 TBATBA Wan Hai 316 219 Q1264 1100856-23/08 X-Press Feeders Sea Consortium Jebel Ali 11/0912/09 TBATBA SSL Godavari 034 Q1238 1100473-27/08 Wan Hai Wan Hai Lines (I) 16/0917/09
TBA 1200 MSC Roberta V JU436R Q1339 1101635-02/08 MSC MSC Agency Sohar, Jebel Ali, Abu Dhabi, Dammam, Umm Qasr (UGE) Hind Terminal (UGE)
12/0913/09 TBATBA Seaspan Jakarta 436W Q1278 1100866-23/08 Maersk Line Maersk India Jebel Ali Maersk CFS 19/0920/09
TBATBA SM Neyyar 437W Global Feeder Sima Marine Jebel Ali, Bandar Abbas. (SHE) Dronagiri
Maersk
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
TS Hongkong 24003E Q1226 1100241-19/08
TBATBA Ever Excel 176E Q1263 1100786-23/08
Ever Ethic 170E Q1324
TO LOAD FOR INDIAN SUB CONTINENT from NSIGT
TO LOAD FOR INDIAN SUB CONTINENT from
Aka Bhum 023E
Q1255
07/09 0900 MOL Presence 016E Q1239 1100478-21/08 ONE Line ONE (India) Colombo. 13/0914/09 TBATBA Dimitris Y 247E Q1323 1101518-31/08 X-Press Feeders Sea Consortium Colombo. (TIP Service) Dronagiri 21/0922/09 TBATBA One Reliability 007E CSC Seahorse Colombo. 23/0924/09 TBATBA Cap Andreas 014E HMM HMM Shpg. Colombo. Seabird CFS 09/0910/09 TBATBA One Commitment 066E Q1314 ONE Line ONE (India) Colombo. 16/0917/09 TBATBA One Contribution 058E Yang Ming Yang Ming(I)
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. P Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS 10/0911/09
TBATBA BLPL Trust 2415E Q1309 1101224-27/08 BLPL Transworld GLS Far East Ports. 16/0917/09 16/09 1000 MSC Sofia FD430E Q1258 1100683-22/08 MSC MSC Agency Dalian, Shanghai, Ningbo, Yantian. Hind Terminals 25/0926/09 TBATBA MSC Maureen FD432E (DRAGON EB)
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
ETAETD VESSELS Voy V.I.A ROT. LINE AGENTS WILL LOAD FOR
DATE TIME NAME No.No. No.&Dt. POINT
In Port 05/09 Wan Hai 521 E026 Q1206 1100051-16/08 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Dronagiri-1 10/0911/09 TBATBA Argolikos E164 Q1288 1101057-26/08 Evergreen Evergreen Shpg. Shekou. Balmer Law. CFS Dron. 17/0918/09
TBATBA Wan Hai 502 E126 Q1359 1101938-04/09 Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 24/0925/09 TBATBA Wan Hai 507 E226 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 05/0906/09 Aka Bhum 023E Q1196 1099957-16/08 OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, GDL/Dron-1 07/0908/09 06/09 2200 Pusan 33E Q1163 1099510-12/08 APL CMA CGM Ag. Ningbo. Dron.-3 & Mul. 13/0914/09
TBATBA OOCL Hamburg 152E Q1317 1101326-28/08 ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. 22/0923/09
TBATBA OOCLLuxembourg 112E
COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. 03/1004/10
TBATBA Stratford 132E
Gold Star Star Ship Singapore, Hong Kong, Shanghai. 13/1014/10
TBATBA Xin Da Yang Zhou 096E
ANL CMA CGM Ag. Port Kelang, Singapore
TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2
Dron.-3 & Mul. (CIX-3)
07/0908/09 07/09 2200 Wan Hai 373 E002 Q1255 1100681-22/08 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS
CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.
ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 13/0914/09
21/0922/09
23/0924/09
TBATBA Dimitris Y 247E Q1323 1101518-31/08 X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang.
TBATBA One Reliability 007E
Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri
TBATBA Cap Andreas 014E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service)
HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS
09/0910/09 08/09 2100 Maersk San Clemente 437E Q1217 1100898-23/08 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS 16/0917/09
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
07/0908/09 07/09 0900 MOL Presence 016E Q1239 1100478-21/08 ONE Line ONE (India) Sydney, Melbourne, Fremantle, Adelaide, Brisbane, Auckland, Lyttleton. 13/0914/09 TBATBA Dimitris Y 247E Q1323 1101518-31/08
TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSFT
ESL Asante 2437S Q1302 1101270-28/08
18/0919/09 TBATBA Yokohama Star 2429S Hapag ISS Shpg. & Other Ports
CFS (SWAX) Emirates Emirates Shpg. Longoni, Dar Es Salaam, Zanzibar, Nacala & Other Ports Dronagiri-2
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from GTI
09/0910/09 08/09 2100 Maersk San Clemente
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from BMCT
JAIGARH PORT LIMITED
Bangladesh’s NBR allows import through Bhomra Land Port
DHAKA : The National Board of Revenue (NBR) allowed import of all types of goods through the Bhomra L and Port of Satkhira, except powdered milk, in a bid to facilitate trade between Bangladesh and India
The Customs wing has issued a notification in this regard to make the land port vibrant and facilitate trade. Imports will be allowed through the Bhomra-Ghozadanga road, while exports using the port remained unchanged.
Earlier, all export goods and some selective import goods such as rice, lentil, stone, green chili, onion, garlic, ginger, chassis of cars, cotton, yarn, livestock, fish, sugar, spices, and limestone were allowed to enter
though the port among others
As per the Customs Acts, imports and exports of goods through any land, river or air port is prohibited without having specific gazette notification of NBR.
Syed Atiqur Rahman, the Customs, Excise and VAT Commissionerate of Khulna said the Bhomra port would be able to work full-fledged with the installation of some scanners, developing shades, warehouses, and yards among others.
Basically, stones, green chili, onion, chili and ginger come from India through the port, he added.
Bhomra port is near Kolkata that may help to reduce time and cost of import of goods.
A feasibility study report of
South Asia Sub regional Economic Cooperation (SASEC) said economic activity may be increased through development of infrastructure of B h o m r a , a l o n g w i t h S h e o l a , Thegamukh, under the Bangladesh, Bhutan, India, and Nepal (BBIN) initiative for regional connectivity
Some firms in India and China, presented the study report jointly, p l a c e d a t a N a t i o n a l P u b
c Consultation Workshop in Bangladesh on August, 2016.
Infrastructure for the land ports would boost economic activity and benefit people in the region, said the report.
However, it said that infrastructure development will not have any adverse environmental impact.
Joint shipbuilding projects at Indian shipyards to be explored at this week’s EEF
MOSCOW : Russia is working to include Vietnam, Thailand and Indonesia as intermediate stops of the Eastern Maritime Corridor connecting Vladivostok with Chennai as part of efforts to boost India’s business connections with resource-rich Far East.
According to Russian Far East Minister Alexey Chekunkov, currently, the Far Eastern Shipping Company is actively working on this arrangement and the Indian entities are also involved in this initiative.
This week’s Eastern Economic Forum in Vladivostok will also enable Russia and India to explore joint shipbuilding projects at Indian shipyards.
At the July annual summit the two
countries signed the India-Russia Cooperation Programme in Trade, Economic and Investment Spheres in the Russian Far East for 2024-2029, as well as the Principles for Cooperation in the Russian Arctic Region.
“The trade turnover between the Far East and India ports exceeds one billion dollars, excluding oil and special-purpose goods. Therefore, the logistical aspect of this agreement is very important; it allows for the development of trade between the Far East and India, as well as the countries of Southeast Asia as a whole,” Alexey Chekunkov, Minister of Development of the Russian Far East and the Arctic recently stated.
He said that work is being done to include Vietnam, Thailand and
Indonesia in the routes between Russia-India as part of intermediate stops of the Easter n Maritime Corridor.
Following the annual summit in Moscow in July, the two sides are expediting complete implementation of V l a d i v o s t o k - C h e n n a i E a s t e r n Maritime Corridor and linking it with the resource rich Arctic region.
India-Russia also plans a joint shipbuilding project for maritime trade, it has been learnt.
India has plans for a Transshipment hub in the Bay of Bengal. While Vladivostok-Chennai Eastern Maritime Cor ridor has started functioning additional infrastructure needs to be put in place in Chennai for handling additional trade volume.
World Bank raises India’s FY25 GDP forecast to 7% from 6.6%
NEW DELHI : The World Bank has revised its growth forecast for India, upgrading it to 7% for the financial year 2024-25, up from its earlier estimate of 6.6%.
The adjustment reflects the strong performance of the Indian economy, which was the fastestgrowing major economy in FY24 with an 8.2% growth rate.
“India was the fastest growing economy in FY24 at 8.2%, and now it’s growing at a good pace,” remarked Auguste Tano Kouame, the World Bank’s Country Director for India. He also noted that global growth remains subdued compared to pre-pandemic levels.
Looking ahead, the World Bank expects India’s medium-ter m
outlook to remain positive, with strong growth projected for FY26 and FY27 Kouame highlighted the importance of diversifying India’s export basket and leveraging global value chains to achieve $1 trillion in merchandise exports by 2030.
“India needs to diversify its export basket and leverage global value chains to reach $1 trillion in merchandise exports by 2030,” Kouame stated.
The World Bank also projects a gradual decline in India’s debt-toGDP ratio, from 83.9% in FY24 to 82% by FY27 Meanwhile, the current account deficit is expected to stay within the range of 1-1.6% of GDP up to Fy27. Kouame highlighted India’s proactive stance on free trade
agreements as a key factor in its economic resilience. “India has had a proactive approach to free trade agreements,” he said.
He further added, “India’s robust growth prospects along with declining inflation will help to reduce extreme poverty India can boost its growth further by harnessing its global trade potential. In addition to IT, business services, and pharma where it excels, India can diversify its export basket with increased exports in textiles, apparel, footwear, electronics, and green technology.”
The World Bank’s updated forecast signals strong confidence in India’s economic trajectory, driven by strategic policy initiatives and a focus on expanding trade and exports.
DGFT updates the SCOMET List with recent policy changes and updates in the multilateral export control regimes
NEW DELHI : Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, has notified the updated SCOMET list for the year 2024. India’s export control list (SCOMET) has been updated, incorporating the recent changes /updates in the control lists of the multilateral export control
r e g i m e s , a n d c e r t a i n p o l i c y amendments in our national system, on the basis of inputs from relevant gover nment organizations and stakeholders.
With the recent update, DGFT has also authorized the Department of Defence Production (DDP), MoD, to be the licensing authority for export of all items falling under Category 6 of SCOMET for militar y end use, streamlining certain exclusions existing earlier
India has a robust legal and regulatory framework on strategic trade and related non-proliferation matters, which includes the interministerial SCOMET licensing process, effective enforcement and risk
assessment mechanisms, regular outreach to industry and other stakeholders, etc. India is a member of the major multilateral export control regimes, viz. the Missile Technology C o n t r o l R e g i m e , Wa s s e n a a r Arrangement, and Australia Group, and harmonises its guidelines and control lists with that of these regimes and the Nuclear Suppliers Group.
Accordingly, India regulates the exports of dual use items, nuclear related items, and military items, including software and technology
u n d e r t h e S C O M E T ( S p e c i a l Chemicals Organisms Materials Equipment and Technologies) list, which is notified by DGFT under the Foreign Trade Policy
The emergence of Strategic Trade Controls as an important area has been acknowledged in the Foreign Trade Policy 2023, where the SCOMET processes and procedures have been consolidated at one place for better understanding of the Industry, for effective compliance As the exports
under the SCOMET have increased substantively during the last three years, DGFT has taken several initiatives, based on regular interactions with the industry to facilitate authorized and responsible export of these high end goods and technologies, which includes s t r e n g t h e n i n g D G F T ’ s e-platform for licensing, laying down a liberalized General Authorization policy for items such as drones, dual-use c h e m i c a
n equipment, information security systems, and for Repairs in India, Repeat Order for Stock & Sale Policy, Intra Company Transfers (GAICT), amongmanyothers
The SCOMET List has been notified by DGFT under Appendix 3 to Schedule 2 of ITC (HS) Classification of Export and Import Items The policy and procedures under SCOMET are outlined in Chapter 10 of FTP and HBP 2023, and the list is regulated under C h a p t e r I VA o f Fo r
e (Development & Regulation) Act, 1992, as amended in 2010.
India one of the first large economies to have prepared a detailed
green transition action plan for ports : Sarbananda Sonowal
NEW DELHI : Being built at an estimated investment of $10 billion, the Vadhvan port development will create a r o u n d o n e l a k h j o b s d u r i n g construction and over 12 lakh jobs once operational, Minister of Ports, Shipping and Waterways Sarbananda Sonowal said on Tuesday, September 3, 2024 while stating that the maritime sector in India has taken several significant steps towards decarbonising and digitising maritime supply chain economyoverthelastdecade
“We are one of the first large economies to have prepared a detailed green transition action plan for our ports, harbour crafts, and inland vessels,” Mr Sonowal said He was speaking at a curtain-raiser event, during which he also unveiled the logo for the dialogue ‘Sagarmanthan – the great oceans dialogue’ to be organised by the Ministry in collaboration with the Observer Research Foundation (ORF) on November 18 and 19 in Mumbai.
The various initiatives, he said, have significantly enhanced the efficiency and performance of Indian ports, strengthened our national waterways, and enabled large-scale coastal employment and capacity building
In this regard, he referred to the greenfield mega container Vadhvan port, the foundation stone for which was laid by Prime Minister Narendra Modi on August 30. “This mega project has already received substantial global interest, including from Singapore’s PSA and Denmark’s APM Terminals,” Mr.Sonowal said.
Once completed, the Vadhvan port will make it three times larger than Jawaharlal Nehru Port Trust (JNPT) with a capacity of 298 million metric tonne (MMT) and position it among t h e w o r l d
d P Kumaran, officer on special duty (ER and Development Partnership Administration) in the Ministry of External Affairs. On ship building,
he said that India can make a niche in the manufacture of defence ship building, ship repair and smaller vessels
The result of the various initiatives, the Minister said, was that India today has become one of the largest markets and destinations for ports and shipping sector investments and this was reflected during the 3rd edition of the Global Maritime India Summit, which c o n c l u d e d i n O c t o b e r 2 0 2 3 . “We received over $119 billion dollars of investment commitments.”
On the new annual dialogue, Sagamanthan, that was just launched, the Minister said it represents a crucial step forward in our collective efforts to a d d r e s s t h e c h a l l e n g e s a n d opportunities associated with our oceans. “Our dialogue aims to churn ideas, experiences, strategies, and s o l u t i o n s a n d c r e a t e a m o r e sustainable and equitable future for the greater common good,” he added.
Road Ministry to build 74 new tunnels at an estimated investment of Rs 1,00,000 crore over next few years: Nitin Gadkari
NEW DELHI : The Ministry of Road Transport and Highways plan to build 74 new tunnels stretching 273 km at a cost of Rs 1,00,000crore over the next few years as part of its mega plan to strengthen India’s highway network while ensuring regular performance audits of all under construction
p r o j e c t s , R o a d M i n i s t e r Nitin Gadkari said
Speaking at the second edition of
Tunnelling India conference by the Federation of Indian Chamber of Commerce and Industry (FICCI) on Tu e s d a y, G a d k a r i u n d e r l i n e d technology upgradation and costeffective solutions to tackle the unique challenges of India’s diverse terrain while maintaining high-quality standards.
“We need to find out exactly which is t h e b e s t t e c h n
cost-effective without compromising on quality,” he said, suggesting the need for adopting global best practices in infrastructure development.
Gadkari said the Government has already completed 35 tunnels spanning 49 kilometres at the cost of Rs 15,000 crore while 69 additional tunnels covering 134 kilometres are under construction and would cost around Rs 40,000 crore.
SHIPPING MOVEMENTS AT GUJARAT PORTS
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Suvari Reis DBC 08/09
CJ-II GF Trader DBC 09/09
CJ-III Josco Changzhou JMBaxi 06/09
CJ-IV DL Tulip DBC 07/09
CJ-V Alineat Mitsutor 08/09
CJ-VI Lowlands Corso Mihir & Co. 12/09
CJ-VII Gerdt Oldendorff Seascape 07/09
CJ-VIII VACANT
CJ-IX Victoria May Coral Shpg. 06/09
CJ-X Owl Seascape 08/09
CJ-XI VACANT
CJ-XII SCI Mumbai JMBaxi 07/09
CJ-XIII Globe Cleopatra Chowgule Bros 08/09
CJ-XIV Eleen Armonia Trueblue 06/09
CJ-XV African Baza Aditya Marine 07/09
CJ-XVA Endeavor Synergy 07/09
CJ-XVI GW Mathilde Chowgule Bros 06/09
TUNA VESSEL'S NAME AGENT'S NAME ETD Safeen Al Nour Taurus 06/09 CSSC Cape Town Dariya Shpg. 07/09
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Bogazici
OJ-II Stena Convoy Interocean 06/09
OJ-III Aspire 1
OJ-IV Oriental Hibiscus Allied Shpg. 06/09
OJ-V VACANT
OJ-VI VACANT
OJ-VII Alithini II Interocean 06/09
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
Delphinus 03/09
Gemma 03/09
Tan Zhou Lun 03/09 China
Artam 03/09 Bandar AbbasJebel Ali-ConstantaChabahar
Shamim 04/09 Bandar AbbasJebel Ali-Constanta -Chabahar
Nav Neha 04/09 Vietnam Beetle 05/09 Kenya Aggelos B 05/09
TCI Express 05/09 MangloreCochin-TuticorinChennai
Just 05/09 Italy Huangshan 16 05/09 Karachi
Steamer's Name Agents Arrival on Vienna Parekh Marine 23/08
Rek R (OTB) JMBaxi 31/07
Royal Arnav Shpg. 24/08
Hai Nam 89 JMBaxi 21/08
Obe Dinares Interocean 27/08
VIMC Freedom Jeel Kandla 30/08
Libra Anline Shpg. 29/08
Prince Khaled DBC 31/08
AG Valiant Interocean 01/09
Precious Coral Seaworld 31/08
Howes Joanna Mitsutor 03/09
Glovis Melody BS Shpg. 04/09
Propel Proseperity ACT Infra 01/09
Steamer's Name Agents Arrival
Stream
05/09 Koga Royal Parekh Marine
Stream Libra Anline Shpg.
Stream Obe Dinares
Stream Prince Khaled DBC
Stream Propel Proseperity ACT Infra Abu Dhabi
Stream Rek R (OTB) JMBaxi Turkey
Stream Senorita Trueblue
05/09 Star Copenhagen Asia Shpg.
CJ-I Suvari Reis DBC
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
Stream Champ Star ACT Infra
Tuna CSSC Cape Town Dariya
CJ-VII Gerdt Oldendorff Seascape
CJ-XIII Globe Cleopatra Chowgule Bros
Stream Hai Nam 89 JMBaxi
CJ-III Josco Changzhou JMBaxi
05/09 Kmax Evdokia Benline
05/09 Lignum Network Taurus
CJ-VI Lowlands Corso Mihir & Co. Montevideo
T. PVS Resin INIXY124080363 J Bags/Equipment
T. MOP In Bulk INIXY124080666
CBM P Logs
06/09 Marine Honor Avantika 1,02,046 T. Coal In Bulk
Stream New Noble DBC Japan 2,536/42 T. CRC/Eye Up Coils (334/20 Pcs) INIXY124080621
CJ-X Owl Seascape America
Stream Precious Coral Seaworld
Stream Royal Arnav Shpg. Ukrain
T. C. Coal
ST. Coils
T. Yellow Maize In Bulk INIXY124080572
Tuna Safeen Al Nour Taurus 75,000 T. Thermal Coal In Bulk INIXY124080623
Stream Sea Falcon Genesis 51,567 T. Natural Gypsum In Bulk INIXY124080728
05/09 TBC Prime Sai Shpg.
05/09 TS Challenge DBC Australia
09/09 Union Glory JMBaxi China
CJ-IX Victoria May Coral Shpg.
T. Steel Plates INIXY124080616
T. Jas Aus Logs INIXY124080686
INIXY124080667 T. Plates/CRC/HRC
T. Iron Fines
Stream Vienna Parekh Marine China 8,511/2,527/2,142/4,921 INIXY124080553 T. HRC/S.Tubes/P. Cargo
Stream VIMC Freedom Jeel Kandla 10,102 T. Scrap In Bulk INIXY124080660
LIQUID CARGO VESSELS
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT
DP WORLD MUNDRA
Busan, Kwangyang, 06/09 In Port —/— Zhong Gu Chong Qing 24034E 4083054 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
06/09-AM
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
Stamatis B 277E 2403093 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 07/09 Evergreen/KMTCEvergreen/KMTC (FIVE)
06/09 06/09-PM Xin Chang Shu 88E 2403095 Wan Hai Line Wan Hai
(PMX)
(FIM
ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)
PIPAVAV PORT
08/09 07/09-1800 Maersk Seletar 435W 24288 Maersk Line Maersk India Algeciras
13/09 12/09-1800 Maersk Hartford 436W 24297
20/09 19/09-1800 Maersk Pittsburb 437W 24299
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS In Port —/— Pusan 33E 24289 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 05/09 14/09 13/09-2100 OOCL Hamburg 152E 24295 Gold Star / RCL Star Shpg/RCL Ag. (CIXA)
23/09 23/09-2100 OOCL Luxembourg 112E 24305
06/09 05/09-1500 GSL Nicoletta 436E 24286 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 07/09 11/09 11/09-0200 Maersk San Clemente 437E 24300 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 12/09 18/09 18/09-0200 X-Press Odyssey 438E 24306 Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 19/09 09/09 09/09-1100 Dimitris Y 247E 24296 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 10/09 17/09 17/09-1100 One Reliability 007E 24301 ONE ONE (India) (TIP) 18/09 19/09 19/09-1100 Cap Andreas 014E 24307
10/09 10/09-0900 BLPL Blessing BLPL Transworld GLS Far East Ports 10/09 11/09 11/09-0400 One Commitment 065E 24298 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 12/09 17/09 17/09-0400 One Contribution 058E 24308 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3)
23/09 23/09-2200 Xin Ya Zhou 164E 24281 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou,
Nansha, Port Kelang (CI1)
TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS
08/09 07/09-1800 Maersk Seletar 435W 24288 Maersk Line Maersk India Salallah, Port Said,
FOR INDIAN
PORTS &
In Port —/— Pusan 33E 24289 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)
SHIPPING MOVEMENTS
AT
ADANI HAZIRA PORT
VESSELS
CB-4 Artenos (V-1333W) HDASCO Armita India Gulf
06/09 16/09 BLPL Trust (V-2415E) Transworld Transworld GLS Far East
05/09 CMA CGM San Antonio (V-OMTI9W) Maersk Line/CMA CGM Maersk India/CMA CGM Ag.(I) Africa
CB-5 CMA CGM Lekki (V-OMSJRW1) CMA CGM/Maersk Line CMA CGM Ag.(I)/Maersk India Africa 2387087 06/09 18/09 EF Ema (V-968W) Unifeeder/One Unifeeder/One India Gulf
Car.CB-5 Grasemere Maersk (V-436W)(Sailed) Maersk Line Maersk India U.K.
12/09 Inter Sydney (V-0163) Interworld Efficient Marine Gulf 13/09 05/09 MSC Tampico (V-IV436A) MSC MSC Agency U.S.A. 06/09
08/09 Marathopolis (V-437S) Maersk Line Maersk India Africa 09/09
07/09 Maersk Seletar (V-435W) Maersk Line Maersk India Mediterranean 08/09
BMCT-1 Sheng Li Ji (V-0624W) Akkon Lines Oasis Shipping Europe/Med. 2386959 05/09
07/09 TS Hongkong (V-24003E) Unifeeder/KMTC Unifeeder/KMTC(I) Far East & 08/09 09/09 Ever Excel (V-176E) Hapag/Evergreen ISS Shipping/Evergreen Shpg. Colombo
16/09 Ever Ethic (V-170E) ONE/TS Lines ONE (I)/TS Lines(I)
05/09 Valence (V-2409E) Global Fdr/TS Lines Sima Marine/TS Lines (I) Far East 2387089 06/09
06/09 SM Mahi (V-2409E) Sinokor/Heung A Line Sinokor India
18/09 Wadi Duka (V-2417W) Ashyad Line Seabridge Gulf 19/09 09/09 Wan Hai 316 (V-219W) Wan
10/09 Stephanie C (V-2409) Asyad Line Seabridge Far
QNL/Milaha Poseidon 12/09 Seaspan Jakarta (V-0435W) Maersk/Safeen Feeders Maersk India/Sima
BMCT-2 Wan Hai 506 (V-E235) Sinokor/Heung A Sinokor
Asia: The Epicenter of Global Trade shifts
Four trends in geopoli cs and global trade pa erns suggest a leading role for Asia as globaliza on enters its next phase
SINGAPORE: The world remains deeply connected by virtue of global trade, but the geometry of economies’ connections has been shifting. Some major economies are moving toward trading more with geopolitically closer partners, while others continue to deepen their international trade networks both geographically and across the geopolitical spectrum.
Asia is at the forefront of this shifting geometry of global trade in all its shapes How changing trade patterns will play out is far from certain, but four key trends in the region are already evident. Understanding these trends can help business leaders anticipate the shape of the region’s economic landscape and the region’s role in global markets. Trade connections within Asia are intensifying economic interdependence
Asia is now the world’s second-most integrated trade r e g i o n , a f t e r t h e E u r o p
n U n i o n I n 2 0 2 2 , nearly 57 percent of the value of Asia’s trade originated within the region, up from 54 percent in 2000. This stands in contrast to most other regions, which have witnessed declines in the intraregional share of trade Asia’s regional trade integration has been driven by the rapid growth of manufacturing supply chains across borders. About two-thirds of intra-Asian trade is in “intermediates”—parts used in the manufacture of other goods.
The deepening economic interdependence of China and the Association of Southeast Asian Nations ( A S E A N ) e a c h o t h e r ’ s l a r g e s t t r a d i n g partners—stands out. ASEAN accounted for 15 percent of China’s total trade in 2023, up from 10 percent in 2010, while China accounted for 20 percent of ASEAN’s total trade in 2023, up from 12 percent in 2010. Further integration could be propelled by the Regional Comprehensive Economic Partnership, the world’s largest free-trade agreement, which covers 15 economies in the Asia–Pacific region. As Asian economies’ trade expands, some choose geopolitically close trading partners
Asian economies are increasingly participating in trade, and geopolitics may be influencing the shape of this growth. Globally, between 2017 and 2023, the value of goods traded grew by around 5 percent each year, on average. Many Asian economies’ annual trade grew faster: by 6 percent in ASEAN, by more than 7 percent in China and India, and by 8 percent in Vietnam.
Geopolitics may be exerting an increasing influence on the shape of this growth The McKinsey Global Institute has developed a measure of the “geopolitical distance” of trade an analog of geographic distance—that quantifies how geopolitically close an
economy is to its trade partners. According to this metric, between 2017 and 2023, the average geopolitical distance of trade fell by 4 percent for China; for Japan and South Korea, geopolitical distance fell by 4 percent and 6 percent, respectively This indicates that the trade of these economies has shifted to geopolitically closer partners. However, this is not a universal trend. Notably, geopolitical distance has remained stable for ASEAN and India; their trade continues to span a broad geopolitical spectrum, although geopolitics may reshape their trade ties in the coming years.
Certain Asian economies are emerging as global connectors
Between 2017 and 2023, trade between the United States and China fell, but ASEAN emerged as a
In this period, ASEAN imports from China surged while ASEAN exports increasingly went to the United States. In the case of Vietnam, the value of imports from China doubled—an addition of $50 billion—and its exports to the United States increased by $60 billion. A similar, although less pronounced, trend can be seen in Malaysia, the Philippines, and Thailand.
In the case of India, its trade with Russia grew substantially, reflecting a 12-fold increase in imports of energy resources. Meanwhile, India has been increasing exports such as electronics, pharmaceuticals, rubber, and plastics to both Europe and the United States Despite geopolitical tensions, China’s position as the world’s largest exporter remains strong, and its export share has increased slightly in recent years, from 13 percent in 2019 to 14 percent in 2023
Trends in foreign direct investment may indicate further trade reconguration
Foreign direct investment (FDI) can presage shifts in trade. Announced greenfield investments into India have surged, increasing by around 35 percent in 2022–23 compared with prepandemic averages, according to FDI Markets data, with the manufacturing, electronics, IT, healthcare, and renewable-energy sectors largely driving this rise Announced greenfield FDI into ASEAN increased by 10 percent in the same period. Conversely, announced investment into China fell by more than 60 percent in 2022–23 compared with prepandemic averages.
These changes suggest that the connector role of some Asian economies indicated by the shift of investment away from China and toward other Asian economies may strengthen further The surge of investment into India provides a basis for expecting continued growth as a global supplier of goods and services.
India notifies sugar export quota to US $ 8,606 Tonnes
NEW DELHI : The Government recently notified exports of 8,606 tonnes of raw cane sugar under the tariffrate quota (TRQ) scheme to the US for the October 2024 –September 2025 period
Shipments under the TRQ enjoy relatively lesser customs duties. After the quota is reached , a higher tariff applies to additional imports.
“The quantity of 8,606 MTRV (metric tonnes raw value) of raw cane sugar to be exported to USA under TRQ scheme from 01.10.2024 to 30.09.2025 has been
notified,” the Directorate General of Foreign Trade (DGFT) said in a public notice. A similar quantity was notified in January also.
India, the world’s second-biggest producer and the largest consumer of sugar, has a preferential quota arrangement for sugar export with the European Union as well.
The DGFT said that the quota will be operated by the Agriculture and Processed Food Products Export Development Authority (APEDA).
