MUM-06-03-2023

See Pg. 4-5

PM GatiShakti NMP & NLP to improve competitiveness, investments & World confidence in India:PiyushGoyal

NEWDELHI:UnionMinisterforCommerceandIndustry, Consumer Affairs, Food and PublicDistributionandTextiles, ShriPiyushGoyal said that PM GatiShakti National Master Plan and National Logistics Policy (NLP) together will greatly help both businesses and people, improve competitiveness, improve investment into India and give the world confidence thatIndiaisontherise.Hewasaddressingthegatheringatthe IndianChamberofCommerce’s(ICC)NationalConferenceon GatiShaktiinNewDelhi.

Cont’d Pg.15

inks non-binding MoU with Suez Canal Authority for cooperation in establishing a joint venture

Bahri

RIYADH : Driven by its commitment to exploring regional cooperation horizons to achieve its growth objectives and enhance its global position, Bahri, the nationalshippingcompanyoftheKingdomofSaudiArabiaand agloballeaderintransportationandlogistics,

There will be no issue of Daily Shipping Times on Tuesday, 7th March, 2023 on account of Holi.

.......Refer Pg.25

.......Refer Pg.7

/ 1202, 12th Floor, Meraki Arena, Sion Trombay Road, Opp. R. K. Studio, Chembur, Mumbai 400071. Tel: +91 22 6916 3400

ADEN MUKALLA SALALAH FUJAIRAH

Allcargo launches its maiden Golf Tournament to create ESG awareness amongst 100 + corporates

Asian Games Gold Medallist for India in golf, Rishi Narain and his team teed off the iniave

MUMBAI : Allcargo Group, India-born global logistics conglomerate, held the maiden edition of its corporate golf event, Allcargo Invitational Golf Tournament, on 26th February 2023, at the OxfordGolfResort,Pune.

The tournament, which was an extension of Allcargo’s overarching ESG theme --- sustainability --- was organised incollaborationwithformerAsianGamesGoldMedallistfor India in golf, Rishi Narain, and his team. The tournament focused on creating awareness on ESG and sustainability throughanumberofuniqueinitiatives.Nearly100corporate and business leaders travelled from across India to participate in it. Allcargo has also made the platform available for raising funds for the DEC Turkey-Syria Earthquake Appeal, with a $ 50,000 goal, to aid in the recovery and rebuilding of lives affected by earthquakes in southernTurkeyandnorthwestSyria.

ThetopmostpriorityforAllcargoGroupistoensurethat its companies across countries have a common framework for their ESG initiatives at different stages of evolution to createsustainedoutcomeswhilststrengtheningthegroup’s commitment to environment and societies. Keeping its consumers, stakeholders and employees at the core of all their activities, the Group strives to make a difference in the world with the overarching theme of sustainability. Present in 180 countries, Allcargo Group takes its Corporate Social Responsibility (CSR) goals seriously and its initiatives have alreadytouchedover360,000lives.

Making the tournament truly one-of-a-kind, was the tournament’sESGfocus.Inkeepingwiththepledgetomake the world a better place, Allcargo Group donated money to the Isha Foundation's Isha Vidhya programme on behalf of all the participants to jointly finance the education of

30 students for a year. In addition, 10 trees were planted on behalf of each participant to green the earth'ssurface andasaway to represent a long-lasting relationship that would blossom and become stronger. In a first for any competition, all 65 of the course's caddies were outfitted. Both sides expressed gratitude for thesesignificantinitiatives.

“We are delighted to have created a platform where CSR is seen in the ambit of ESG. We are especially happier because this happened through golf, which is a passion of mine. At Allcargo Group, we are committed to the environment and society. We are proud of our initiatives and hope to catalyse some good, and inspire everyone to commit to do whatever else they can for the benefit of mankind. I am so happy that the Allcargo Invitational Golf Tournament got such a wonderful response from India Inc.’s top leaders and our focus on ESG sustainability was very well-received,” said ShashiKiranShetty,Founder&Chairman,AllcargoGroup.

The Allcargo Group is committed to building a sustainable future by adhering to Environmental, Social, and Governance (ESG) and Health, Safety, Security, and Environment (HSSE) standards, people-centric policies, corporate governance, and environmentally conscious initiatives. Allcargo is consistently working to reduce environmental impact by participating in CSR initiatives such as Maitree, which has plantedover710,000treestorestorethe ecosystem and diversify tribal farmers' incomes. Avashya Foundation, the CSR arm of Allcargo Group, has been actively engaged in various CSR activities that cover a wide range of areas, such as health, education, environment, women's empowerment, sports, and disaster relief. Allcargo Group was amongst the first to recognize the importance of skilling the community they operate in and was instrumental in setting up a multi-skill development centre in collaboration withJNPTandCIDCO.

Optimistic about Shipping development in India : Hapag-Lloyd CEO

FRANKFURT: German container liner Hapag-Lloyd (HLAG.DE) sees great opportunity in India where containerisation levels are still low, Chief Executive Officer, Mr. Rolf Habben Jansen told reportersrecently.

Having accompanied German Chancellor Olaf Scholz on a recent visit, he came away with optimism, Habben Jansensaidatanearningspressconference.

“We are certainly committed to that market…it is going to grow faster than average and if you want to grow in a market, it is important to have a good position there,” hesaid.

Mr. Shashi Kiran Shetty, Founder & Chairman, Allcargo Group at Allcargo’s Golf Tournament at the Oxford Golf Resort, Pune.

FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSICT

King Abdullah, Jeddah (Blue Nile)

Le Havre, Rotterdam, Dunkirk, Felixstowe, Hind Terminals

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

(EPIC 1 / IPAK)

ANL CMA CGM Ag. Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre, Dron-3 & Mul Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. SCI/Hapag CMT/ISS Shpg. Southampton, Rotterdam,Antwerp,Dunkirk, Felixstowe, Le Havre —/ULA CFS 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, Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

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

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

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

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

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

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

FOR U.K., NORTH

SCANDINAVIAN, RED SEA & MED. PORTS from BMCT

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

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

TO

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

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

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

X-Press Feeders Sea Consortium Jebel Ali, Bandar Abbas.

LMR Logistic Ser. Jebel Ali, Bandar Abbas.

QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas.

Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr

Alligator Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS

Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

ICC Line Neptune UAE & Upper Gulf Ports.

Ceekay Parekh Gulf Ports.

Team Leader Team Leader Dubai, Jebel Ali

Team Lines Team Global Log. Gulf Ports.

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

GDL & DRT

CONTINENT from BMCT

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

TO LOAD FOR FAR EAST, CHINA &

PORTS from NSICT

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

from GTI

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

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

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

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

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

NOTICE TO CONSIGNEES

m.v. “AKA BHUM” V-012E (OWP - 91/E)

The above vessel has arrived at NHAVA SHEVA (GTI) on 06/03/2023 with Import Cargo in containers.

68. GOSUXNG1236863

69. GOSUXNG1236865

70. GOSUXNG1303051

71. GOSUXNG1684661

72. GOSUXNG1684662

73. GOSUXNG1812818

74. GOSUXNG1812819

75. GOSUZJG1087042

76. GOSUJKT8089285

77. GOSUJKT8089364

78. GOSUJKT8089316

79. SSE2302002A

80. THK23020017

81. THK23020022

82. GOSUSNH1711447

83. GOSUXNG1159963

84. GOSUWUH9603251

63. GOSUXIA8311378

64. GOSUXNG1020723

65. GOSUXNG1159974

66. GOSUXNG1159975

67. GOSUXNG1236840

85. GOSUZJG1087063

86. GOSUWUU1021513

87. GOSUSNH8436169

88. GOSUHKG83409940

89. GOSUBKK80265493

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 :

Item Nos. B/L NOS.

PM GatiShakti NMP & NLP to improve competitiveness, investments & World confidence in India:PiyushGoyal

Cont’d from Pg.3

Shri Goyal expressed his appreciation for the Indian Chamber of Commerce (ICC), which is based in Eastern India for coming to Delhi to engage with an initiative as crucial asGatiShakti.

ShriGoyalsaidthattheworldtodayrecognizedIndiaas a leader of innovation. He observed that India has been rapidly developing new tools for good governance, ease of living, and ease of doing business, such as PM GatiShakti National Master Plan. The Minister added that the world was now aspiring to adopt UPI for digital financial transactions.

The Minister went on to demystify PM GatiShakti, explaining that it created layers of data where different geological, ecological and infrastructural elements across the country were mapped and captured. Currently, there are about 1300 layers of data, consisting of forests, wildlife sanctuaries, rivers, UNESCO world heritage sites, among others, he said and added that GatiShakti would not only

address critical gaps in infrastructure but also help in planning social infrastructure such as schools, nursing homes,hospitals,etc.

The Minister further explained that the data layers of GatiShakti engage with each other through APIs, and if an alignmentofaparticularprojectwasputintoGatiShakti,it wouldhighlightthechallengesofimplementationandhelp re-align the project, saving time and cost. He also highlighted that 12 states have digitized their land, which furtherstrengthenedtheplanning.

The Minister stated that no state has politicized GatiShakti, as it is an initiative that would help our businesses, our people and the economy as a whole. He added that reducing the cost of logistics is critical to achieving India’s goal of becoming a developed country by 2047. He stated that PM GatiShakti, if used well, will help bring down logistics costs tremendously. He highlighted that all highways, railways, ports, and airports were mapped on GatiShakti, which would help in building seamless connectivity networks and creating a positive impactonthelogisticsecosystem.

DPIIT begins exercise to prepare Logistics Cost Framework

NEW DELHI : The Department for Promotion of Industry and Internal Trade (DPIIT) is starting an exercise to prepare a framework for determining logistics costintheCountry,anofficialsaidrecently.

For this, the Department will be holding a workshop on the subject, where experts, academicians, professors, and statisticians across the globe will participate on March 20 herebesidesgovernmentofficials.

“We hope to firm up an index to gauge the country’s logistics cost in a year. It will be an annual affair after that. We are organising an international workshop on logistics

costframework,”theofficialsaid.

Many international players from countries like Japan, KoreaandGermanywillattend.

“We will deliberate on various modules and choose the frameworkthatbestsuitsus,”theofficialadded.

At present, the Government is going by certain estimates which suggest that logistics cost in India stands atabout13-14percentofthecountry’sGDP.

The Government has rolled out a National Logistics Policy and PM Gati Shakti initiative to boost competitivenessofindustryandcutthelogisticscost.

First ship at Vizhinjam port by September: Kerala CM

THIRUVANANTHAPURAM - Efforts are on to bring the first ship to Vizhinjam international sea port by Septemberthisyear,said KeralaChiefMinisterPinarayi Vijayan recently.

Responding to a question in the legislative assembly, the CM said the project will be a game-changer for the state as major cities and business centres have come aroundsuchmotherportsaroundtheworld.

“We are planning to bring the first ship to the port by September. Work is going on at a brisk pace and serious attempts are on to realise this,” he said, adding that with the commissioning of the port, an industrial corridor will bedevelopedinsouthKerala.

“It will usher in development in the area. The government is planning to develop industrial parks, logistic centres and many other projects. It will give employmentopportunitiestomanyyoungsters,”hesaid.

The Adani Group is developing the first mother ship project of the country in Vizhinjam, 16km south of the state capital.

Now, the country is depending heavily on Colombo, Singapore and Dubai mother ports for the transhipment of heavy cargo to the country incurring additional cost and time. Once the Vizhinjam port is functional, it willbridgethegap.

Once fully commissioned, the largest mother ship of the world can easily be anchored here, said port officials, adding that five mother ships can be berthed at a time after its full commissioning.

Conceived three decades ago, the port (with 20m natural depth), 12 nautical miles away from the international ship channel, is expected to be a big boost to the industrial growth of southern India, experts said.

PM GatiShakti, Logistics policy to help businesses improve competitiveness: Piyush Goyal

NEW DELHI - Commerce and Industry Minister Piyush Goyal recently said that PM GatiShakti national master plan and logistics policy together will help improve competitiveness of businesses and attract investments into India. He said that layers of data are there at PM GatiShakti portal where different geological, ecological and infrastructural elements across the countryweremappedandcaptured.

Currently, there are about 1,300 layers of data, consisting of forests, wildlife sanctuaries, rivers, UNESCO world heritage sites, among others, he said and added that GatiShakti would not only address critical gaps in infrastructure but also help in planning social infrastructure such as schools, nursing homes, hospitals.

He added that reducing the cost of logistics is critical to achieving India’sgoalofbecomingadevelopedcountryby2047.

“PM GatiShakti, if used well, will help bring down logistics costs tremendously,” the Minister said, adding, all highways, railways, ports, and airports were mapped on GatiShakti, which would help in building seamless connectivity networks and creating apositive impactonthelogistics ecosystem.

On October 13 last year, the PM GatiShakti – National Master Plan was launched with an aim to develop integrated infrastructuretoreducelogistics costs.

All logistics and connectivity infrastructure projects, entailing an investment of over Rs 500 crore, are routed through thenetwork planning group(NPG).

UAE issues new law on Dubai Ports Authority to boost maritime trade

RIYADH : A new law aimed at boosting investments and trade in Dubai’s maritime sector has been issued by Sheikh Mohammed bin Rashid Al Maktoum, VicePresidentandPrimeMinisteroftheUAE.

Under the new law, marine and offshore services providerDrydocksWorld-Dubai, apartofDPWorld,willbe affiliatedwithDubaiPortsAuthority.

The ruling also provides new responsibilities to the Dubai Ports Authority, which include strategic planning and policy development for overseeing the ports and terminals in Dubai, developing and managing port infrastructureandregulatingtheiroperations.

Under the new law, the authority will regulate businesses, activities, and professions authorized to operateinportsandterminals.

Al Maktoum, on his official website, noted that “the law seeks to advance the Dubai Ports Authority’s position as a leading global model in port operation, management, and

terminalhandling.”

The statement added: “It aims to offer efficient operational services while regulating and developing the port sector in Dubai in accordance with strategic plans and policies.”

All the responsibilities of Drydocks World-Dubai will now be transferred to Dubai Ports Authority, as well all employees, without affecting their acquired rights, assets andfunds.

It should be also noted that Dubai Ports Authority will be also in charge of all duties and liabilities of Drydocks World-Dubai.

Seven Floating Jetties Sanctioned under Sagarmala Program in Karnataka : MoPSW

NEW DELHI : Floating jetties are a game changer for the tourism sector. It is one of the key initiatives of the Ministry of Ports, Shipping and Waterways (MoPSW) under the Sagarmala program, to promote and develop a unique and innovative concept of floating jetties which is an alternate solution to India’s over-crowded small harboursusedforfishingandtourismrelatedactivities.

In Karnataka, 7 floating jetty projects situated on GurupuraRiverandNetravatiRiverhavebeensanctioned by the Ministry recently. These projects are located at Sulthan Bathery, Bandaru ferry, Sandpit Bengre, Northern Sandbar, Old Port, Jeppinamogaru Old Ferry, and Kasaba Bengre, and will enhance tourism, create employment, and generate wealth in a ripple effect across industries throughout the entire geographical region. Rural areas stand to gain the most from the improved regional infrastructure and enhanced job opportunities engendered by tourism-related development projects. These projects have been granted 100% funding of Rs. 26 Crore by the Ministry under the Sagarmala Program.

“The government under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modiji is committed to the ideals of “Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayaas” to build an Aatmanirbhar

Bharat and accordingly various initiatives are being implemented across the country under Sagarmala. There are 27 projects in Karnataka worth Rs. 1428 Crore out of which total funds sanctioned from Sagarmala for these projects is Rs. 611 Crore. As of now, 3 projects worth Rs. 70 Crorehavebeensuccessfullycompleted.18projectsworth Rs. 650 Crore have been sanctioned for Karnataka Maritime Board’’, said Shri Sarbananda Sonowal, Union Minister,MoPSW.

The floating jetties have multiple applications including marinas, minor harbours, fishing harbours, fish landing centres and waterdromes. These have several advantages over traditional jetties including being environment friendly, having a longer shelf life and being easilyre-configurable.

The Ministry of Ports, Shipping and Waterways has successfully implemented afewpilotprojectsintherecent past by following the international guiding principles. These include setting up of passenger floating jetties in Goa, water-aerodromes at Sabarmati River and at Sardar Sarovar Dam (for the seaplane services) which are yielding the best results. More than 80 similar projects of the Ministry are under various stages of development all along the coastline of Karnataka, for overall development andupliftmentofthecoastalcommunity.

Centre pushes for Alang to emerge as vehicle scrappage hub

NEW DELHI - Apart from senior officials of the Union Ministry of Ports, Shipping and Waterways and representatives of the Gujarat Maritime Board and Ship Recycling Industries Association (India), the January meetingwaschairedbyoneoftheUnionMinisters.

Itwasalsodecided atthemeeting thataBISteamshall visitAlang–thecountry’slargest shipbreaking centre–to study the ground activity of the Ship Recycling. “The team will discuss the issue and way forward with the Ship Recycling Industries Association and Gujarat Maritime Boardofficials.StandardOperatingProcedure(SOP)tobe placed for testing of raw material for re-rolling mills,” the minutesofthemeetingsaid.

Steel scrap from the demolished ships is a major source of raw material for the re-rolling mills in our country. Normally at least 70 per cent of the total light displacement tonnage of a ship broken constitute of rerollable scrap. These are then converted into bars and

rods that are used in the construction sector. The other raw materials to produce bars and rods are re-rollable scrap from Railways, pencil ingots from induction furnaces, semis from the integrated plants and imported scrapofferings.

The Ship Recycling Industries Association in a submissionmadeearlierthisyearhadreferredtoa“nonviable norms of quality control order and BIS standard” impactingrecyclers.

As a result of these revised norms that came into effectin2012,activityatAlanghasbeenhit.“We…arenot able to sell our materials directly to rerollers”, it said adding that 90 per cent of the plots at the yard have achieved HKC compliance certification from internationally recognised agencies. The HKC certification stands for Hong Kong International Convention for the Safe and Environmentally Sound RecyclingofShips,2009.

Container xChange : Amidst container surplus, good time to buy containers, enter smaller trade routes & avoid detention charges with SOCs

HAMBURG : Container xChange, an online container logistics platform, has published its annual ‘shipper-owned containers (SOCs) undercover study’.Thereport throws light on how SOCs are fitting into the overall container sourcing strategy for global shippers and freight forwarders, considering the sliding consumer confidence and eventually, free-fallingshippingratesin2023.

The report studies the real quotes offered by top 50 global carriers toarriveatacomparison ofhowSOC(shipper owned containers) vs COC (carrier owned containers) rates fare eventually for freight forwarders. While the prices for COCs continue to free fall ow-ing to declining demand and an influx of new build containers; SOCs still help in two key areas for freight forwarders – one, to avoid demurrage and detention charges (and other hidden costs) which is expected to increase this year as the newly build containers will enter the market and second, to add reliability and control in the container inventory mix. Especially when shipping against thecontainerflow.

The report highlights that out of the 50 carriers that we reached out to, 42% responded. Out of the carriers who responded,82%wereabletoofferbothSOCandCOCcontainer moves.

Furthermore, some respondents showed a lack of crosscollaboration and well-rounded knowledge, with a few only caring about the container and not considering the ocean freightaspect.

Moreover, carriers are becoming less and less accepting of email correspondence, because they “have made considerable progress in [their] digital landscape and capabilities” as well as to “ensure that all [their] customers enjoyanimprovedexperience.

“As the market adapts, SOCs will continue to thrive, and the movement of goods will continue. The drop in pickup charges is also a good sign, and building online booking systems for SOCs is an area of interest for development.” speaking on the future of SOCs, Adrian Degode, Senior Product Engineer, Container xChange, said. In a recent webinar hosted by Container xChange to launch the report, a strong panel of experts discussed the SOC market and marketopportunities.

“From an NVOCC perspective, the biggest advantage we find for SOCs is that it’s priced highly competitively, and we can success-fully eliminate the detention charges risk, especially in the US and Canada side. With the current situation of yard congestions caused by chassis shortage, and notbeingabletosecure returnappointments withcarrierson

the normal COC procedures, SOCs offer ease of mind when it comes to holding off containers longer than necessary,” commentedWilsonLefromPudongPrime,Vi-etnam.

At the webinar, it was noted that the surplus has sparked changesincontainersupplieroperations,andagrowingtrendof Shipping Operating Containers (SOCs) managing the excess inventory.

“Thecontainers arestillindemandontheinternalmarket and the containers are still used for the shipping sector. What’sreallychangedistheplacewherethesecontainers are in demand. And so mainly, the way it affects us is the volumes that we must move, of course” added Francisco Portela, Global Repositioning Manager, Silver Sea, a Container supplier based in Barcelona, Spain. A good idea for said move might betoinvest incontainers, Francisco thinks: “Ofcourse, one of the points from the excess of contain-ers worldwide means there’ll be more places containers to buy containers from,andatbetterprices.”

Furthering the opportunities for freight forwarders, Alfonso Vassalo – Founder & CEO – Tagustainer, a container trader, said, “in moving COC containers even more, operational costs will become more expensive. And depots are charging; I would guess they’ll double what they would usually charge to balance out money lost amidst the rate war. And that they’ll start to sustain their profits by increasing D&D charges, and that’s really where we can help our customer with SOCs. In addition, SOCs have always been older historically. But with this sudden surplus, container traders will now be able to buy and provide younger containers”whichofcourseisattractiveforlongevity.

However, let’s not forget the hurdles that come with SOC management at present: “It is the time-consuming process of booking SOCs. Communication with freight forwarders is essential from the beginning of the booking process to avoid back-and-forth emails and phone calls. Traders must understand the requirements of the freight forwarders, such as the need for the CSC certificate or any required year of manufacture, to provide a more precise and efficient response.”Afonsoadds.

In conclusion, the container industry is reacting to address the surplus equipment and price volatility. Companies must be adaptable to these changes to remain competitive and should focus on diversifying their markets while keeping an eye on domestic demand. Additionally, customers are increasingly seeking more visibility into containerprices,availability,anddemandtopreparefortimes ofuncertainty.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPS READY FOR BERTH

I.G.M. Nos. filed at Kandla Customs

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI INTERNATIONAL CONTAINER TERMINAL (AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

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

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

CONTAINER

DUE / IN PORT FOR IMPORT DISCHARGE

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI

CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

Bahri inks non-binding MoU with Suez Canal Authority for cooperation in establishing a joint venture

…MoU seeks to create a joint Egypan shareholding company aimed at delivering marime transport services

RIYADH : Driven by its commitment to exploring regional cooperation horizons to achieve its growth objectives and enhance its global position, Bahri, the national shipping company of the Kingdom of Saudi Arabia and a global leader in transportation and logistics, has signed a non-binding renewable six-month agreement with the Suez Canal Authority, an independent general Egyptian Authority responsible for the canal facility’s affairs, a key globalshippinglane.

The cooperation lays the foundation for creating a joint Egyptian shareholding company to provide industryleading maritime transportation services in the Egyptian market.

The agreement was signed by Eng. Mohammed Bin Battal, President of Bahri Dry Bulk and Eng. Jamil Al Sayyed Abul Khair, Board Member at Suez Canal Authority, in the presence of H.E. Admiral Osama Rabie, ChairmanoftheSuezCanalAuthority;H.E.Eng.AhmedAli Alsubaey, Chief Executive Officer of Bahri; and Badr bin Ibrahim Al-Badr, the Undersecretary of the Ministry of InvestmentforCommunicationwithInvestors.

UnderthetermsoftheMoU,thetwopartieswilldiscuss the potential of owning, leasing, hiring, and operating ships to transport general goods, including dry bulk, chemicals, oil, petroleum products, and liquefied gas, to meet the demandsofthelocalmarket.

H.E. Admiral Osama Rabie, Chairman of the Suez Canal Authority, affirmed the signing of the MoU, stating: “Our agreement with Bahri falls in line with our mission to maintain and enhance the Suez Canal for the benefit of operatorsandregionalmarkets.Welookforwardtoworking in tandem with industry leaders to deliver effective,

sustainable solutions that benefit the Suez Canal and the peopleitserves.”

H.E. Eng. Ahmed Ali Alsubaey, CEO of Bahri, said: “We are proud to cooperate with the Suez Canal Authority to create a framework to explore successful potentials. The Suez Canal is positioned as a pivotal waterway that has allowed for the seamless transport of consumer goods and commodities from Asia and the Middle East to Europe. Our agreement with the Suez Canal Authority underlines Bahri’s commitment to collaboration in order to deliver industry-leading maritime transport solutions.”

Established 152 years ago, the Suez Canal Authority is a Government agency that owns the Suez Canal and all buildings and assets assigned to the waterway. The authority is responsible for the operation and maintenance of the canal, ensuring a safe passageway for travelling ships and overseeing projects related to the SuezCanal.

JSW Infrastructure to develop & run 2 cargo Berths at upcoming RamayapatnamPort

Ramayapatnam Port

MUMBAI : JSW Infrastructure Ltd, the port’s unit of Sajjan Jindal-led JSW Group, will sign a memorandum of understanding with the Andhra Pradesh government to develop & run two berths at the upcoming Ramayapatnam Portinthesouthernstate,atopofficialhassaid.

“We have reached an agreement with JSW Infrastructure for the two berths at Ramayapatnam Port and a memorandum of understanding will be signed shortly,” Lt Cdr Ravindranath Reddy, Deputy Chief Executive Ofcer, AndhraPradeshMaritimeBoard(APMB),said.

JSW Infrastructure will develop the berths and run it for the captive use of the steel plant it is building in Kadapa district.

JSW Infrastructure will be given the rights to develop and run the two berths at Ramayapatnam Port for an initial concession period of 30 years that can be extended twice by 10yearseach,Reddysaid.

The royalty/revenue share for the two berths will be decided before signing the concession agreement for the berths,headded.

Ramayapatnam is one of the four new ports identified by the State Government to expand the port capacity to 400 million tonnes (mt) by 2024 from 110 mt. The other three ports are planned at Bhavanapadu, Machilipatnam and KakinadaSEZ.

Ramayapatnam port is being developed by the Andhra Pradesh Maritime Board on a landlord model in two phases with the first phase costing Rs3,736crore to handle 24.91 million tonnes (mt) of cargo a year from four berths. In the second phase, the port’s cargo handling capacity will be expanded by 113.63 mt with an investment of Rs6,904crore, totakethetotalcapacityto138.54mtayearfrom19berths.

In July 2021, the A P Maritime Board awarded the engineering,procurementandconstruction(EPC)contract for a new port at Ramayapatnam in the State’s Prakasam district to a consortium of Hyderabad-based Aurobindo Realty and Infrastructure Pvt Ltd and Navayuga EngineeringCoLtd,forRs2,634.65-crore.

After the EPC work is completed, the AP Government plans to outsource cargo handling operations at Ramayapatnam, Bhavanapadu and Machilipatnam ports to specialistsandcargoowners.

the Andhra Pradesh Government