MUM-06-09-2023

PSA Mumbai sets New Record for Highest Container Throughput in Jawaharlal Nehru Port

MUMBAI: PSA Mumbai, one of the five

Jawaharlal Nehru Port ( J

s s e t a record by handling 1,94,708 Twenty-foot equivalent units (TEU) in August 2023. This is the highest monthly container throughput ever handled by a single terminal in the entire JNP, surpassing the previous record of 1,90,709 TEU set in January 2018. Cont’d. Pg. 6

BLR expands Logistics Landscape with launch of Pune Chakan MIDC Warehouse

Strategic Expansion enhances Processing Capacity and Connectivity

MUMBAI: BLR Logistiks, India’s leading integrated 3PL logistics company has announced the launch of its state-of-the-art warehouse facility in the Pune Chakan MIDC zone. This strategic

expansion is poised to amplify BLR's ability to meet the escalating demands of the western regions of the nation, solidifying its position as a trailblazer in the logistics industry

Cont’d. Pg. 4

Mr Ashok Goyal Managing Director,

BLR Logistiks

BLR expands Logistics Landscape with launch of Pune Chakan MIDC Warehouse

Strategic Expansion enhances Processing Capacity and Connecvity

Cont’d. from Pg. 4

The newly unveiled warehouse positioned within the thriving industrial enclave of Pune Chakan MIDC is designed to bolster processing capabilities, catering to the increasing requirements of the western region. The warehouse's strategic location facilitates seamless c o n n e c t i v i t y t o a d j a c e n t i n d u s t r i a l a r e a s , including Ranjangaon and Talegaon. Additionally, its accessibility to Pune city, airport, and rail corridors, including JNPT at a mere distance of 120 km, positions it as a logistical nexus effortlessly reachable via diverse transport modes.

A notable highlight of the warehouse is the integrated BLR truck terminal, seamlessly weaving real-time connectivity into the warehousing experience BLR Logistiks, already a dominant player with a strategic presence across 16 centers nationwide, has set the stage to deliver unparalleled services across the logistics spectrum.

Nestled within the expansive expanse of the MIDC Chakan Industrial area, sprawling across 44 acres, the BLR Chakan warehouse underscores the company's vast footprint in this thriving zone. Just 18 km away from the Mumbai-Pune Expressway, the facility enjoys seamless access to key arterial routes such as NH4 Mumbai-Pune National Highway, Pune Nashik Highway, and Pune Ahmednagar - Aurangabad Highway

Said Mr. Ashok Goyal, Managing Director, BLR Logistiks, "I am thrilled to launch our new warehouse in the Chakan area of Pune. The vibrant city of Pune boasts of a remarkable 251 industrial areas within the Maharashtra Industrial Development Corporation (MIDC). Our journey has been marked by the creation of a robust pan-India network fortified by cutting-edge infrastructure, automation, proprietary technology, and data-driven capabilities.

As the dynamic landscape of Chakan MIDC evolves into Maharashtra's automotive nucleus, our warehouse finds itself aligned with the pulse of this thriving manufacturing ecosystem."

PSA Mumbai sets New Record for Highest Container Throughput in Jawaharlal Nehru Port

Cont’d. from Pg. 3

Since its inception in February 2018, PSA Mumbai has managed to achieve a cumulative handling of 6 million TEU within a short s p a n o f 5 y e a r s a n d 6 months. This exceptional performance has continued a pace with a 37% year-onyear growth to date in 2023. Currently, PSA Mumbai accounts for 35% of the entire container trafc owing through JNP and approximately 10% of India’s total container trafc.

The remarkable growth trajectory of PSA Mumbai has been made possible by the strong support from our customers in entrusting an increasing number of services to call at the terminal.

This achievement is a testament to the terminal's commitment to operational excellence and customer satisfaction PSA Mumbai has consistently invested in state- of-the-art infrastructure and advanced technologies to continually enhance our operational efficiency and productivity

To ensure that PSA Mumbai continues to be the terminal of choice in JNP , the terminal began its Phase 2 capacity expansion on 18th April 2022, which involves the construction of an additional 1 km of quay (berth) and 44 hectares of stacking yard. This expansion will effectively double the terminal's existing current capacity, enabling it to handle 4 8 million twenty-foot equivalent units (TEUs) by the first quarter of 2025 and enable PSA Mumbai to play its part in supporting the growth of the Indian economy

PSA Mumbai extends gratitude to JNPA, JNCH, Shipping Line Customers, Port users, and other stakeholders for their support and cooperation.

TRANSHIPMENT AT COLOMBO TRANSHIPMENT AT PORT KLANG WEST

TRANSHIPMENT AT SINGAPORE

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

SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre 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.

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

Safewater Safewater Lines

North Continent, Red Sea & Med. Ports.

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

TO

FOR U.K., NORTH CONT., 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

& WEST INDIES PORTS from BMCT

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

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

COASTAL SERVICE MOVEMENT

23/1024/10

TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from

TO

Chabang. Dronagiri-3

One Metrix 083E TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2

Ever Eagle 175E HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS CISC Service CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo. BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

Stephanie C 2313E P1143 279939-29/08 Asyad Line Seabridge Jakarta, Singapore, Port Kelang. (IEX)

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

Kelang, Singapore, Hong Kong, Shanghai, Ningbo, GDL/Dron-1

18/0919/09 TBATBA Aka Bhum 016E P1128 279859-28/08 APL CMA CGM Ag. (CIX-3) Dron.-3 & Mul.

02/1003/10 TBATBA OOCL Hamburg 145E ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.

09/1010/10 TBATBA OOCL Luxembourg 105E COSCO COSCO Shpg.

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

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

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

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

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

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

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

TO LOAD FOR FAR EAST / EAST, WEST & SOUTH AFRICA / AUSTRALIA & NEW ZEALAND PORTS

Merchant Shpg. Durban, Dakar, Dar Es Salaam, Maputo, Mombasa-T/S at Durban Abidjan, Lagos, Luanda & Other Ports in West Africa T/S at Dakar

NOTICE TO CONSIGNEES

m.v. “ESL NHAVA SHEVA” V-2333E I.G.M. No. 2353925 Dtd. 05.09.2023

The above vessel is arriving at NHAVA SHEVA (BMCT) on 08-09-2023 with import cargoes from ports BUSAN, BUSAN NEW PORT, CHIBA, DALIAN, HAIPHONG, HAKATA, HOCHIMINH, HONG KONG, HUANGPU (IN GUANGZHOU), INCHEON, IWAKUNI, JAKARTA, KOBE, KWANGYANG, LAEM CHABANG, MIZUSHIMA, MOJI, NAGOYA, NANSHA NEW PORT, NIIGATA, NINGBO, OITA, OSAKA, PORT KLANG WESTPORT, QINGDAO, SHEKOU, SINGAPORE, SURABAYA, TOKUYAMA, TOKYO, TOMAKOMAI, ULSAN, XIAMEN, XINGANG, YOKOHAMA also transshipment cargo of following Ex. Mother vessels:

Global Maritime India Summit Roadshow held in Chennai; Today in Kolkata

CHENNAI: The third edition of Global Maritime India Summit 2023 is going to be held from October 17, to October 19, 2023 at Bharat Mandapam, Pragati Maidan in Delhi The Ministry of Ports, Shipping & Waterways has officially launched the curtain raisers to the Global Maritime India Summit 2023 across several cities in India.

As part of the program the latest G M I S 2 0 2 3 r o a d s h o w w a s organized at Chennai on September 4, 2023. The Chennai Roadshow is the sixth in a series of roadshows organized by the ministry as part of the run-up to the main event. Similar roadshows have been organized in Kolkata, Mangalore, Visakhapatnam, Goa, and Guwahati.

T h e C h e n n a i Po r t Au t h o r i t y, a l o n g w i t h VO Chidambaranar Port Authority and Kamarajar Port Ltd., organised the Roadshow in Chennai.

The roadshow brought together industry leaders, key stakeholders, and enthusiasts in the maritime domain, with the primary objective of emphasizing the Paramount importance of the maritime sector in economic growth. The event served as a platform for indepth discussions and deliberations covering maritime infrastructure, trade, and development topics.

Sarbananda Sonowal, Minister of Ports, Shipping and Waterways and Ayush was present for the event, with E.V. Velu, Minister for Public Works Buildings, Highways and Minor Ports, Government of Tamil Nadu, and senior state and central government officials. The road show presented short video that included a short message by Prime Minister of India Narendra Modi and Indian Maritime industry’s business prospects.

TK Ramachandran IAS, Secretary, MOPSW Govt of India, Pradeep Yadav, IAS , (Additional Chief Secretary to TN Government), S Krishnan IAS, Additional Secretary, Industries, Investment Pr

Sunil Paliwal IAS, Chairperson,

Chairperson, Chennai Port Authority, Bimal Kumar Jha, In-charge, V.O. Chidambaranar Port Trust, and Irene Cynthia, IAS, Managing Director, KPL were present on the dais. All the dignitaries presented the current and upcoming projects undertaken at their respective ports.

While addressing the gathering Sarbananda Sonowal, Minister of Ports, Shipping and Waterways said India has been aiming to become the best country in the world of maritime sector with efficient and effective performance.

“This is the age of competition in the 21st century, and we need to compete with the best of the best and ultimately become the best. That is our journey, which we need to carry forward efficiently and effectively with our abilities, wisdom, innovation, and scale,” he said. He has given instances of how India’s foray into cruse shipping has been giving fruitful and impressive results The Minister said that a few months ago he flagged off a cruise from Chennai to Sri Lanka, and so far 27 cruises have given the call so far That’s the power of Chennai international cruise terminal, which has developed the cruise industry within a short span of time, he said.

He also spoke about how integrated ecosystem is going to change the Indian Maritime business.

Export or import, whether by ports, inland waterways, or coastal cruises, are all modes that can be made seamless so that they attract investors and human resources required for the maritime industry The Global Maritime India Summit 2023 roadshow has previously been held in Kolkata, Mangalore, Vishakhapatnam, Goa, and Guwahati. The next roadshow is slated to be held on September 6, 2023.

Adani Group’s Mundra Port handles highest-ever monthly cargo volume in August

AHMEDABAD: Adani Group’s flagship Mundra Port handled the highest-ever monthly cargo volume in August. The port handled 15.32 MMT of cargo volume in August this year It also handled 1,776 trains in the same period, which includes 1,532 container trains, according to a company filing.

“Our flagship port Mundra recorded its highest-ever monthly cargo volume of 15 32 MMT The port also handled its highest-ever count of 1776 trains, which includes 1532 container trains,” the filing read. This is not the only milestone that Mundra Port has achieved in terms of volume handled this year so far

In July this year, Mundra port handled over 5,300 twenty-foot equivalents (TEUs) With this, the handling at the port crossed the pre-cyclone Biparjoy levels of the around 4,900 TEUs The cyclone had disrupted port operations and caused unavoidable operational downtime for around six days.

Despite the disruption caused by cyclone Biparjoy, Mundra port logged an on-year growth of 4.4 per cent in Q1FY24 in container handling. A new berth T3 is set to be commissioned in the Q3 of FY23. The berth will have a capacity of 0.8 million TEUs.

In May this year, Adani Group’s Adani Ports and

Special Economic Zones Ltd (APSEZ) handled the highest-ever rail cargo of 120.51 MMT in FY2022-23, surpassing the previous best of 98.61 MMT.

APSEZ operates the Mundra port. Mundra is the largest container handling port in India, having handled more than 6.6 million TEUs in FY23, making it an integral gateway to the north and central parts of the country.

Meanwhile, APSEZ recorded an on-year growth of 17 per cent in its cargo volumes to 34.2 MMT on the back of the growth in the volume of containers and liquids and gas cargos. The container and liquids and gas cargo volumes grewby27 6percentand69percentrespectively

The company filing further said that APSEZ also saw significant growth in its logistics business. The logistics business saw a 24 per cent on year growth in TEUs to 2,31,689 Under the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways, cargo handled grew by 42 per cent 7.37 MMT. Adani Group is one of the participants of the General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways. Under the GPWIS scheme, private companies are allowed to invest in general purpose rakes for the transportation of restricted commodities such as coal, coke, ore and minerals.

Cont’d. from Pg. 16

NOTICE TO CONSIGNEES

m.v “ESL NHAVA SHEVA” V-2333E I.G.M. No. 2353925 Dtd. 05.09.2023

The above vessel is arriving at NHAVA SHEVA (BMCT) on 08-09-2023 with import cargoes from ports BUSAN, BUSAN NEW PORT, CHIBA, DALIAN, HAIPHONG, HAKATA, HOCHIMINH, HONG KONG, HUANGPU (IN GUANGZHOU), INCHEON, IWAKUNI, JAKARTA, KOBE, KWANGYANG, LAEM CHABANG, MIZUSHIMA, MOJI, NAGOYA, NANSHA NEW PORT, NIIGATA, NINGBO, OITA, OSAKA, PORT KLANG WESTPORT, QINGDAO, SHEKOU, SINGAPORE, SURABAYA, TOKUYAMA, TOKYO, TOMAKOMAI, ULSAN, XIAMEN, XINGANG, YOKOHAMA.

Item No. and Bills of lading Nos. are as mentioned below :

Consignees are requested to present Original Bills of Lading duly discharged and obtain Delivery Order on payment of all charges as applicable. Detention charges where applicable will be charged as per tariff.

Our Surveyors are M/s. Pinnacle Marine Surveyors Pvt Ltd. Usual Survey conditions shall apply

Consignees are also requested to note that the carriers and/or their Agents are not bound to send individual notifications regarding arrival of the vessel or the goods.

Note : For IGM & ITEM nos. Vessel arrival inquiry, destination charges tariff please visit our site : www.ekmtc.com For KOREA MARINE TRANSPORT CO. LTD.

As Agents :

One International Center, Tower 3, 22nd Floor, 2202, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400 013, Maharashtra, India. E-mail : mumid@ekmtc.com

Mangalore Port gears up to handle surge in cargo by 2030

MANGALORE: New Mangalore Port Authority (NMPA), which handled 41.42 million tonnes (mt) of cargo in 2022-23, targets a throughput of 58-plus mt by 2030, according to AV Ramana, Chairman of NMPA

Ramana said that NMPA has taken up several projects to modernise the port infrastructure through PPP (public-private partnership) mode and for capacity augmentation, coupled with measures to unlock value in existing facilities to increase capacity andthroughput.

Based on the demand forecast for POL (petroleum, oil and lubricants) products, edible oil, and raw material for infrastructure development across the country, and the growth in the containerised segment due to an increase in agri-based export and import from the hinterlands of the

port, the NMPA plans to launch a range of projects to augment its handling capacity

The cargo load has potential to grow multifold in the coming years.

For the liquid cargo segment, berth facilities are being upgraded through PPP mode to create more tankage in the vicinity of the port.

For the container cargo segment, Ramana said capacity addition at the container terminal, under phase-II, is expected to be completed by the first quarter of 2025.

Additionally, there will be capacity augmentation through the creation of container freight stations. Efficiency measures will be undertake to unlock the value of existing facilities, he said.

Service reliability

Container cargo handling at the port increased by 22.46 per cent year-

on-year, as of July, due to factors such as the addition of specialised handling facilities through PPP investment, a n d i m p r o v e m e n t i n s e r v i c e reliability through the launch of mainline service, Ramana said.

As part of the NMPA’s three major projects under the PM Gati Shakti programme, the first phase of the mechanisation of berth no. 14 has been completed.

Construction of a fishing jetty at Kulai, near the port, is underway, while the project for the construction of berth no 17 is expected to be awarded in December.

On the challenges involved, he said gaps in road and rail connectivity are among the key issues faced by stakeholders. The port has been facing several issues related to road connectivity for more than 15 years.

Budget 2024-2025: Finance Ministry starts preparations; seeks inputs from various Ministries

NEW DELHI: Ahead of Lok Sabha polls which are due early next year, the process to prepare the interim Budget for 2024-25 has been commenced by the Ministry of

However, the full Budget for the next fiscal year, that is, FY25 will be presented only after the formation of the new Government post the said elections

As per the Budget Circular for 2024-25, issued by the Budget Division under the Department of Economic Affairs of the Finance Ministry, dated September 1, financial advisers

should ensure that the necessary details required should be submitted by October 5, 2023.

"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2023 shall continue till around mid-November, 2023," read the said circular

Further, according to the circular, the Budget Estimates for 2024-25 will be provisionally finalised after completion of pre-Budget meetings.

The requirement of funds for all categories of expenditures, along with receipts of Ministries or Departments, is discussed during the pre-budget meetings.

Meanwhile, on a net basis, non-tax revenues, including arrears of nontax revenue and indicative budget figures, will be discussed.

All Ministries or Departments are required to submit details of autonomous bodies or implementing agencies for which a dedicated corpus fund has been created, the circular said, adding the reasons for their continuance and requirement of grant-in-aid support, and why the same should not be wound up, should be explained.

This will be the sixth Budget of F i n a n c e M i n i s t e r N i r m a l a Sitharaman, who presented her first full Budget in July 2019.

Leading industry voices to gather at Indian Register of Shipping Round Table during London International Shipping Week 2023

MUMBAI: Indian Register of S h i p p i n g ( I R S ) , a l e a d i n g classification society and member of IACS, is proud to announce a gathering of prominent industry voices at the IRS Round Table during London International Shipping Week 2023 The focus of round table discussion will centre around t h e t h e m e ‘ S e a s c a p e 2 0 3 0 –Decarbonisation and the Human Element’.

Set to take place at 10:00am on 12th September in Rubens at the Palace, the panel will be led by top industry voices The distinguished lineup of speakers includes shipping economist Dr Martin Stopford; Savraj Mehta representing North Standard; Lee Martindale from

Wartsila; and Cara Carter of Halcyon Recruitment. They will be joined by IRS’ Executive Chairman, Arun Sharma, and Managing Director, Vijay Arora. Navigate PR’s Penny T h o m a s w i l l m o d e r a t e t h e conversation.

“The transition to a new fuel e c o s y s t e m a n d t h e o n s e t o f technological advancements will likely have a profound impact on the future workforce. The critical role of t h e h u m a n e l e m e n t i n t h e d e v e l o p m e n t o f s u s t a i n a b l e technology and systems cannot be emphasised enough. We look forward to gaining industry insights and discussing how all stakeholders can collectively address the challenges that lie ahead,” said Arun Sharma,

Executive Chairman, IRS.

In addition to the Round Table, Indian Register of Shipping will also host a Technical Seminar on 13th September at 9:00am at the Little Ship Club, Upper Thames Street, London which will focus on Decarbonisation, Alternate Fuels & Human Element.

MrArun Sharma

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)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

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

TO LOAD FOR U.S.A, CANADA, ATLANTIC, PACIFIC & SOUTHERN AMERICA

MUNDRA AUTOMOBILE TERMINAL

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

IMPORTER'S GUIDE

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSICT

VESSELS ON BERTH AT MbPA / NSFT / NSICT / NSIGT

JNPJNP

CT/COASTAL/CT/COASTAL/ CT/COASTAL/LIQUIDBERTHLIQUIDBERTH LIQUIDBERTHLIQUIDBERTH LIQUID BERTH

W. E. F. 18-08-2023

TT Buying Rates Bill Buying

TT

´´ ´´ ´ We are not responsible for any mistake. ALL RATES ARE PROVISIONAL. The rates in this column are only meant for guidance.

VESSELS DUE/IN PORT FOR IMPORT DISCHARGE AT MUMBAI

Selling Rates Bill Selling

Asyad Group enables Omani Private Logistics Sector with Competitive Direct LCL Solution from India

• Asyad Group introduces direct LCL soluon from India to Oman to enable local private businesses

• The direct LCL soluon provides Omani freight forwarders with a compeve import tool to improve their offering

• Importers and SMEs can capitalize on the new service to access global supply chains

• India-Oman LCL soluon is set to strengthen Asyad’s role as a key trade enabler in the Sultanate’s economy

M U S C AT: A s y a d G r o u p , Oman’s global integrated logistics provider, unveiled a competitive Less-than-Container Load (LCL) powered by the Group’s logistics arm, and delivered on board of its maritime and container fleet. The LCL solution will connect India’s Nhava Sheva Port with Oman’s Khazaen Dry Port (KDP) via Sohar Port.

The new offering aims to empower Oman’s private sector by providing it with enhanced access to thriving global markets and the right tools to develop its service offering. The LCL solution is also set to facilitate Omani freight forwarders’ access to KDP’s world-class infrastructure, storage facilities and advanced container handling capabilities. Additionally, local importers and SMEs utilizing the LCL service will be in a prime position to import their goods from India at reduced costs, shortened transit-times and with a reliable direct weekly service.

The direct solution will see Asyad Logistics act as a consolidator and position itself as a partner to freight forwarders by leveraging its integrated logistics ecosystem, highly efficient container freight station (CFS) at KDP , and Asyad Line’s popular weekly India Express Service (IEX), as well as Oman’s proximity to the Indian subcontinent. With a logistics powerhouse by their side and a world-class logistics ecosystem at their disposal, freight forwarders can guarantee their clients enhanced reliability and cost efficiency, as well as expedited connectivity with India’s large export market and Oman’s major business and consumer hubs.

Juma Al Maskari, Asyad Logistics Director, highlighted the importance of this addition to empowering the private sector: “The private logistics sector is playing an increasingly significant role in the national supply chains. In our capacity as Oman’s global integrated logistics service provider, we have always

gone above and beyond to support this trend, constantly introducing services tailored to local businesses of all sizes. The latest LCL addition from India is pivotal, as it offers freight forwarders fast, reliable and costefficient access to the doorstep of key business and consumer centers in Oman through KDP , in a fully integrated Asyad journey Therefore, our new LCL offering stands out as a strong, superior option against the existing services in other regional hubs.”

Expected to stimulate further growth in trade volume between India and Oman, Asyad’s LCL solution is another testament to the Group’s role as a key trade e n a b l e r a n d d r i v e r o f O m a n ’ s e c o n o m y. This role is projected to become more prominent as Asyad plans to unlock more Indian origins via an expansive network of inland container depots and expand the LCL service to cover imports from Indonesia and Singapore through the recently upgraded Far East Express (FEX) service.

By introducing additional direct LCL solutions later this year and continuously expanding its direct lines, logistics and port capabilities, Asyad Group reaffirms its position as a true partner and key enabler of the private sector, supporting its growing role in logistics and realizing the Group’s mission to cement Oman’s standing as a global logistics hub.

DGFT suggests banks to provide export credit in foreign currency to e-commerce exporters

NEW DELHI : The Commerce Ministry’s arm DGFT has said it has suggested banking and financial institutions to extend pre- and post-shipment export credit in foreign currency to e-commerce exporters based on the guidelines of the RBI.

Any issues in availing such credit may be brought to attention by e-commerce exporters or banks to the Directorate General of Foreign Trade (DGFT).

This assumes significance as the new Foreign Trade Policy 2023 is also aimed at promoting exports through the e-commerce medium.

The DGFT in a trade notice said that consultations were held with industry representatives, exporters, and nodal departments on outstanding issues pertaining to exports through e-commerce.

One issue flagged was the unavailability of pre-shipment and post-shipment export credit for ecommerce exports and in this regard, consultations were held with the RBI, it said.

It is clarified that master circular ‘Rupee/Foreign Currency Export Credit and Customer Service to Exporters’ furnishes a comprehensive framework, and

permits for access to pre-shipment and post-shipment export credit and Packing Credit in Foreign Currency (PCFC) to all eligible exporters which does not preclude e-commerce exporters.

“Banking and financial institutions concerned are therefore encouraged to extend pre-shipment and postshipment Export Credit and Packing PCFC to e-commerce exports based on the extant guidelines issued by RBI,” it added.

The Foreign Trade Policy 2023 has also mandated to handhold and conduct outreach programmes to promote e-commerce exports.

Think tank Global Trade Research Initiative (GTRI) in its report has stated that India should target USD 350 billion worth of goods exports through e-commerce by 2030 and for that the government needs to address pain points of the sector by taking steps like formulating a separate policy.

India’s current e-commerce export numbers remain far below their potential. Currently, e-commerce exports account for only USD 2 billion, less than 0.5 per cent of the country’s total goods export basket.