MUM-08-02-2023

Megaload is born, a joint venture between Express Global Logistics Pvt Ltd (EXG) and Fagioli

The new company based in Mumbai will carry out handling and lifting projects serving the Indian markets of the Construction, Petrochemical, and heavy industrial sectors.

MUMBAI: Express Global Logistics Pvt. Ltd. (EXG), a 77-year-old asset based integrated project logistics company and Fagioli SpA, among the sector world leaders in engineering and large handling, with more than 50 years’ expertise in the heavy lift and transport sector and one of Europe’s largest heavy lifting specialists, are coming together to form Megaload Pvt. Ltd., anincorporated51:49jointventure(JV)company.

FagiolihasbeenpresentinIndiaforclosetotwodecades, which organization is now being merged into the new joint venture. The establishment of Megaload represents a strengtheningofthispresenceandisanimportantnewstep inFagioli’sgrowthstrategyintheAsiaPacificarea.

This association of two organizations that are each more than half a century old will ensure that the hungry Indian market, with its huge infrastructural plans for the next decade and more is much better served with an enhanced level of lift and shift capabilities. Thetwocompaniesareagreatmatch,withtheircombined high-qualityresourcesandexperience. Cont’d. Pg. 4

MSC Opens up North Indian Market with Sentosa Service Expansion

GENEVA:ToprovidebetteraccesstotheNorth Indian market, MSC will expand its current Sentosa service to connect the main ports of China directly with India’s key ports of Mundra and NhavaShevaandwithColomboinSriLanka.

Offering access to an increased network of Asian ports and markets–and improving interconnectivity between them–the new Sentosa rotation will also create a direct connection from North India to the main Southeast Asia ports and the U.S.WestCoast. Cont’d. Pg. 6

Megaload is born, a joint venture between Express Global Logistics Pvt Ltd (EXG) and Fagioli

The new company based in Mumbai will carry out handling and lifting projects serving the Indian markets of the Construction, Petrochemical, and heavy industrial sectors.

committed to provide transparent and seamless supply chain solutions for its clients with its vision to become a one-stop-shop logistics provider, through a combination of deep industry experience, world-class customer serviceandmoderntechnologycapabilities.

Cont’d. from Pg. 2

The JV will cater to the heavy lifting and movement industry in the Indian sub-continent with a large inventory of the latest self-propelled modular trailers (SPMTs), alternative lifting, strand jacks and gantry systems.Itwillservetomeetthegrowingdemandacross the sub-continent for the latest assets and engineering required to serve the large-scale projects that are on the anvil across the region. India is the highest growing economy in the world presently and poised to become a USD 5 trillion economy by 2026, indicating sizeable growthprospectsfor Megaload acrossservedmarkets.

ProjectsworthUS$58billionintheOilandGassector alone have been scheduled in the next few years. Overall projectsworthUSD248Billionareannouncedindicating sizeable growth prospects for Megaload across served markets. The market size of the logistics industry is expectedtogrowfrom200billionto380billionby2025.

Megaload has the necessary resources to satisfy not only the technical scope of works of all these projects but can deliver comprehensive packages that meet appropriate Occupational Health Safety & Environmental standards as well as the required human resources conditions. The partnership has a formidable lifting and heavy haulage capability with engineering resourcestodesignandapplyeconomicalandsafelifting andmoving.

The Express Group was founded in 1946. Since its inception, Express Global Logistics Pvt. Ltd. (EXG) has become a leading and trusted full-service logistics provider. For more than 75 years, EXG has been

Mr. Nailesh Gandhi, Managing Director, EXG enthusiastically termed it “a partnership of growth” and stated that “EXG has a pan-India presence backed by a large fleet of axles, cranes, and other equipment. The addition of the SPMTs and Alternate lifting systems in Megaload, is part of EXG’s vision and plans for growth to become a fully integrated project logistics service provider backed with the latest equipment and technology”.

The Fagioli Group was incorporated in 1955 and now has 21 International offices. The business turns over EUR 250m p.a. and employs over 700 staff. Fagioli also has a maritime division comprising barges and shipping. The Group has global experience in the oil and gas industry and has provided the heavy lift component for many oil and gas processing plants, power station installations and major heavy lifts in Europe, MiddleEast,FarEast,andtheAmericas.

Mr Fabio Belli, CEO of the Fagioli Group, eagerly greetsthebirthofMegaload,remarkingthat“Fagiolihas beenhistoricallypresentinIndiaforalmosttwentyyears with its own staff and resources, which will now become part of Megaload. The presence of Fagioli in the Indian Subcontinent results reinforced by the creation of this new partnership, which represents an important new componentintheFagioliGroupandarelevantelementof growthinFagioli'sstrategyinthearea”.

TheRegisteredOfficeofMegaloadwillbeinMumbai, withoperationalactivitiesacrossIndia.

TheDirectorsontheMegaloadBoardare:

MSC Opens up North Indian Market with Sentosa Service Expansion

Cont’d. from Pg. 2

The first vessel westbound from the U.S. West Coast toChinaandIndiawillbe MSCMARA, whichisexpected to depart Long Beach on 5 March on voyage FV309W. The ship is scheduled to call at Qingdao on 28 March, Ningboon1AprilandNhavaShevaon17April.

The first sailing eastbound from North India will be MSC SOLA, which is due to depart Nhava Sheva on 13 February on voyage FV307R. The schedule includes a call at Shekou on 8 March and the ship should reach LongBeachon26March.

Thefullrotationis:

Port Klang – Singapore –Tanjung Pelepas –Laem Chabang – Vung Tau – Da Chan Bay – Shekou –

LongBeach–Oakland–Busan–Qingdao–Shanghai–Ningbo – Kaohsiung – Shekou – Singapore –NhavaSheva–Mundra–Colombo–PortKlang.

ThroughthisserviceexpansionMSClooksforwardto providing more cargo transportation solutions for businesses that serve the ever-growing markets of SoutheastAsiaandIndia.

The integration of the ports of Mundra, Nhava Sheva and Colombo in the Sentosa service will meet critical transportation demands within the market. Furthermore, it will bring significant benefits through increased opportunity and access to global markets for regional and local economies, farmers, and businesses.

Port of Antwerp-Bruges and Vopak to sustainably redevelop former Gunvor site

ANTWERP: Dutch tank storage company Vopak is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group Ltd (“Gunvor”), giving it access to the Gunvor concession in the Antwerp port area. Vopak is committed to sustainably redeveloping the site. For example, together with the Port of Antwerp-Bruges, the company will focus on joint development / implementation to support renewable energy. Thisisanotherimportantsteptowardsaclimate-neutral economy.

The site is some 105 hectares in size and offers deepsea, river, road and rail access, as well as pipeline connections to Northwest Europe. The adjacent and future pipelines are suitable for transporting i.a. propylene,ethylene,CO2andhydrogen.

Newgreenenergyhub

Vopak will reconfigure the concession with the primary aim of making a positive contribution to the decarbonisation of the industrial cluster on the Antwerp port platform. Where necessary, soil remediation will take place in close consultation with internal and external experts and authorities. Furthermore, the Port of Antwerp-Bruges and Vopak will continue their discussions to structure their common strategic ambition, which is to jointly develop a newgreenenergyhub.

Jacques Vandermeiren, CEO Port of AntwerpBruges: “As Port of Antwerp-Bruges, we’re very pleased that Vopak has found expansion opportunities on the Gunvor site. This Dutch global player has been an established value on the Antwerp port platform for many years and will continue to focus on green ammonia, sustainable fuels and finer chemical products at the new site.Not only does this allow Vopak to continue to grow within our port in line with the strategy of the Port of Antwerp-Bruges, but we’re also demonstrating how, as a port, we’re shaping the energy transition together withbusinesses.”

Annick De Ridder, Vice-Mayor of the City of Antwerp and President of the Board of Directors of Port of Antwerp-Bruges: "The collaboration with Vopak fits perfectly with Port of Antwerp-Bruges' ambition to become the energy gateway to Europe as a 'green port'. Thatthisglobalplayerthathasbeenanchoredinourport for years can now sustainably expand within Europe's

largest petrochemical cluster is excellent news. In this way, the Dutch company Vopak makes Flanders' economicenginecontinuetoturnswiftly."

Patrick van der Voort, President Europe & Africa, Royal Vopak: “We’re very pleased to have access to this prime location in Europe’s leading petrochemical cluster. It offers us a unique opportunity to implement our strategy, forge new partnerships and support the industry in its decarbonisation by developing critical infrastructure. The site’s extensive size, strategic location and connectivity to Northwest Europe offer unparalleledopportunities.”

Shahb Richyal, Global Head of Portfolio, Gunvor: "SincerescuingGPAfrominsolvencyin2012,Gunvorhas beencommittedtooperatingtherefineryandterminalas a responsible tenant and employer in the Port of Antwerp. Over many years of operations, Gunvor invested considerably in the asset, and even through the mothballing process and subsequent cessation of all activities sought to ensure that all stakeholders and employees were treated fairly, and that the environment remained respected. By reaching an agreement with Vopak for the acquisition of the shares of GPA, Gunvor is ensuring the site will have a new future under responsibleleadership".

Require JUNIOR EXECUTIVE for Customer Service Team at our Ahmedabad Office Candidate must be graduate, having minimum 1 year related experience in Shipping Industry (Fresher can also apply), English conversant & Computer literate can drop cv to : suphrs@evergreen-shipping.co.in

TRANSHIPMENT AT COLOMBO TRANSHIPMENT AT PORT KLANG WEST

FOR EXPORT LOADING

SCANDINAVIAN, RED SEA & MED. PORTS from NSICT

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.

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

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from BMCT

TO LOAD FOR BLACK SEA, EAST EUROPE & C.I.S PORTS from NSICT

TO LOAD FOR BLACK SEA, EAST EUROPE & C.I.S PORTS from NSIGT

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

FOR WEST

ASIA GULF PORTS From NSICT

TO LOAD FOR WEST ASIA GULF PORTS From NSIGT

TO LOAD FOR WEST ASIA GULF PORTS From GTI

Group Transworld Shpg. Jebel Ali, Bandar Abbas.

Emirates Emirates Shpg. Jebel Ali, Sohar.

LMR Logistic Ser. Jebel Ali, Bandar Abbas.

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

Hapag ISS Shpg.

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

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

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

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

FOR EXPORT LOADING

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 NSIGT

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

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

TO LOAD FOR UK, NORTH CONT, SCAN, BLACK SEA, EAST EUROPE & CIS PORTS

TO LOAD FOR MED / RED SEA & WEST ASIA GULF PORTS

TO LOAD FOR KARACHI, COLOMBO, YANGOON AND BANGLADESH PORTS

TO LOAD FOR USA, CANADA, ATLANTIC & PACIFIC, SOUTH-CENTRAL AMERICAN & WEST INDIES PORTS

TO LOAD FOR FAR EAST / EAST, WEST & SOUTH AFRICAN / AUSTRALIAN & NEW ZEALND PORTS

Bahri Logistics Radiant Maritime Jakarta, Vietnam, Shanghai, Taicang

NOTICE TO CONSIGNEES

The above vessel has arrived on 07-02-2023 at NHAVA SHEVA (NSIGT) with import cargo to NHAVA SHEVA from BAHRAIN, SHUWAIKH, SALALAH, CAPE TOWN. Please note the item Nos. against the B/L Nos. for NHAVA SHEVA (NSIGT) delivery

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery. Separate IGM will be lodged with Mulund, Mumbai customs for CFS Mulund & MbPT delivery respectively

Consignees are requested to collect Delivery Order for all imports delivered at Nhava Sheva from our Import Documentation Dept. at Nhava Sheva - DN210 / DN211 / DN212, D-Wing, 2nd Floor, NMSEZ Commercial Complex, Plot No. 6, Sector - 11, Opp. JNPT Township, Dronagiri Node, Navi Mumbai - 400 707, India and Mumbai - 1st Floor, MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400059 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.

The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at Nhava Sheva. The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.

Incase of any query, kindly contact Import Customer Service - (022) 66378123; IN363-imports.mumbai@msc.com

Get IGM No. / ITEM No. /CFS details on our 24hrs computerized helpline No. 8169256872

You can also visit our website: www.msc.com/ind/help-centre/tools/import-general-manifest-information

India, Qatar discuss ways to strengthen Maritime cooperation

NEW DELHI: Union Ports, Shipping and Waterways (MoPSW) Minister Sarbananda Sonowal recently met Minister of Transport of Qatar Jassim Saif Ahmed AlSulaiti and discussed ways to strengthen the bilateral maritimecooperation,accordingtoanofficialstatement.

The statement said India-Qatar cooperation in diverse sectors has been steadily growing in an excellent framework led by historical close ties, regular and substantiveengagement.

“Fruitful discussions were held on commitment to strengthen the bilateral maritime cooperation, including interactionbetweenIndianportsandQatariportstoshare best practices in areas of port operations, logistics, supply chainmanagement,anddigitalisation,”thestatementsaid quotingSonowal.

India’s bilateral trade with Qatar in 2021-22 was USD 15.03 billion. India’s export to Qatar during 2021-22 was USD 1.83 billion and India’s import from Qatar was USD13.19billion.

According to the statement, in 2021, India was among

the top four largest export destinations for Qatar and also amongthetopthreesourcesofQatar’simports.

The statement further said that the year 2023 marks 50 years of establishment of full diplomatic relations betweenIndiaandQatar.

Narendra Modi lays foundation stone to South India’s 1st Industrial Corridor Project, Tumakuru Industrial Township

CHENNAI: Prime Minister, Shri Narendra Modi laid the foundation stone of South India’s 1st Industrial Corridor Project to be implemented at Tumakuru which is spread over 8500 Acre of land under the Chennai BengaluruIndustrialCorridor.

Shri Basavaraj S. Bommai, Chief Minister of Karnataka, Shri Raj Nath Singh, Union Minister for Defence, Shri A. Narayanaswamy, Union MoS for Social Justice&Empowerment,ShriMurugeshNirani,Minister, Govt. of Karnataka, Shri Araga Jnanendra , Minister, Govt. of Karnataka, Shri J. C. Madhuswamy, Minister, Govt. of Karnataka, Shri B. C. Nagesh, Minister, Govt. of Karnataka, Shri V. Somanna, Minister, Govt. of Karnataka, ShriG.S.Basavaraj,MemberofParliament,ShriJaggesh, Member of Parliament, Smt. Sumita Dawra, CEO&MD, NICDCandotherdignitariesgracedtheoccasion.

Addressingthegathering,thePrimeMinistersaidthat taking forward the vision of Atmanirbhar Bharat,

Tumakuru Industrial Township has been planned with holistic and integrated approach in line with the principles of PM-GatiShakti to address the issue of last mile multimodalconnectivitytotheeconomiczone.

The Government of India, through the National Industrial Corridor Development and Implementation Trust (NICDIT), and the Government of Karnataka, through the Karnataka Industrial Area Development Board (KIADB), have taken up the development of the Industrial Township at Vasanthanarsapura, spread across 8500 acres in three phases in Tumakuru district through theprojectSpecialPurposeVehicle(SPV).

The CBIC project includes the development of industrial townships at three nodes: Krishnapatnam (Andhra Pradesh), Tumakuru (Karnataka), and Ponneri (TamilNadu).TheTumakurunodehasbeenprioritizedfor development, with an area of 1736.20 acre being identified astheprioritydevelopmentarea.

MoS Commerce and Industry, Som Parkash reviews progress of PM GatiShakti

NEW DELHI: Since its launch in October 2021, The Network Planning Group (NPG), under the PM GatiShakti institutional structure, have held 41 meetings in the last one year and analysed, and examined 61 project as per PM GatiShakti principles. These were pertaining to road, railways, industrial corridors,naturalgas,portsandurbaninfrastructure.

The Minister of State appreciated the adoption of a “whole of the Government approach” under PM GatiShakti and emphasized the need for integrated planning and synchronised implementation for holistic developmentofthenation.

It was informed that different Ministries are now adopting PM GatiShakti NMP in innovative ways. M/o Railways and MoRTH are now developing projects of road connectivity to over 2000 goods sheds. Similarly, 156 critical infrastructure gaps serving sectors such as coal, steel, fertilizer, ports and food and public distribution werealsoidentified.Forrolloutofcuttingedge5Gnetwork, D/o Telecom and State Governments are using NMP to identifysuitablestreetfurnitureforinstallationof5Gcells.

The significant progress achieved in Social Sector planning. 14 Social Sector Ministries/Departments

have now been onboarded under PM GatiShakti including the Ministry of Panchayati Raj, the Ministry of Health and Family Welfare, the Department of Post Department of School Education and Literacy, the Department of Higher Education, the Ministry of Culture, Ministry of Housing and Urban Affairs, Ministry of Rural Development, Ministry of Women and Child Development, Ministry of Tribal Affairs, Department of Youth Affairs, Department of Sports, Ministry of Skill Development and Entrepreneurship and Ministry of Ayush.

To create dialogue with states on their experiences, best practices and visions for PM GatiShakti, regional workshops across 6 zones i.e. North, Central, South, West, East and North East have been planned in the coming months. These workshops will feature discussions with infrastructure and social sector Ministries/Departments at Centre and State levels, formulation, and implementation and monitoring of logistics policies, city logistics plans for urban development, Logistics Ease Across Different States (LEADS) survey, 2023, and discussions on State level issues pertaining to majorprojects.

Jassim Saif Ahmed Al-Sulaiti is on an official visit to IndiafromFebruary5-8,2023.

m.v. “OOCL LUXEMBOURG” (100W)

The above vessel is arriving at NHAVA SHEVA (GTI) on 10/02/2023 with Import Cargo in containers.

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

If there is any delay in CY-CFS movement due to port congestion Line/Agent are not responsible for the same.

Consignees will please note that the Carriers and/or their Agents are not bound to send Individual Notifications regarding the arrival of the vessel or the goods.

For detailed information on cargo availability please contact our office.

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

Container Movement to : OCEAN GATE CONTAINER TERMINAL PVT.

As Agents :

Item Nos. B/L NOS.

MoS Finance highlights RBI’s framework for invoicing & payments for Trade in Rupee

NEW DELHI: The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade inIndianRupeevideA.P(DIRSeries)

Circular No. 10 RBI/2022-2023/90 dated 11.07.2022 on “International Trade Settlement in Indian Rupees (INR)”. This was stated by the Union Minister of State for Finance, Dr Bhagwat Kisanrao Karad, in a writtenreplyinLokSabha.

Giving more information, the Minister stated that the Circular lays down that all exports and imports under the arrangement may be denominated and invoiced in

Rupee (INR) and the settlement of trade transactions under the arrangement shall take place in INR. RBIhasputinplacethearrangement topromotegrowthofglobaltradewith emphasis on exports from India and to support the increasing interest of globaltradingcommunityinINR.The framework put in place by RBI is applicable for any partner Country seeking to undertake trade with India in INR in terms of RBI’s Circular dated11.07.2022,theMinisteradded.

Further, the Minister stated, the Directorate General of Foreign Trade (DGFT) has introduced a provision in

the Foreign Trade Policy vide Notification No. 33/2015-20 dated 16.09.2022, to allow for International Trade Settlement in INR i.e., invoicing, payment, and settlement of exports / imports in Indian Rupees in sync with RBI’s Circular dated 11.07.2022. Further changes have been introduced in the Foreign Trade Policy vide DGFT’s Notification 43/2015-20 dated 09.11.2022 and Public Notice 35/2015-20 dated 09.11.2022 for grant of exports benefits and fulfilment of Export Obligation for export realisations in INR as per RBI guidelines,theMinisterstated.

Railways earns Rs 135387 Crores from Freight loading in this financial year till January 2023

NEW DELHI: On mission mode, Indian Railways' Freight loading for first ten months of this financial year 2022-23 crossed last year’s loading and earnings for the same period.

On cumulative basis from AprilJanuary 23, freight loading of 1243.46 MT was achieved against last year’s loading of 1159.08 MT, animprovementof7%.Railwayshave earned Rs 135387 crore against Rs117212croreoverlastyearwhichis

an improvement of 16% as compared tothesameperiodoflastyear.

During the month of January’23, Originating freight loading of 134.07 MT has been achieved against loading of 129.12 MT in January’22, which is an improvement of 4 % over last year. Freight revenue of Rs. 14907 crore have been achieved against Rs 13172 crore freight earnings in January'22, thereby an improvementof13%overlastyear.

Following the Mantra, “Hungry

ÄFor Cargo”, IR has made sustained efforts to improve the ease of doing business as well as improve the service delivery at competitive prices which has resulted in new traffic coming to railways from both conventional and non conventional commodity streams. The customer centric approach and work of Business Development Units backed up by agile policy making helped Railways towards this landmark achievement.

Govt seen reducing Customs duties for critical inputs to reduce cost of production

NEW DELHI: The Budget 2023-24 shows that custom duties have been reduced for some important inputs to reduce costs of production of goods whilethesamehasbeenincreasedon some others to correct the inversion and protect the domestic industry. This has been done to push domestic manufacturingandtopromoteexport competitiveness besides attempting import substitution. The customs have mainly been reduced for some electronic parts, certain chemicals, and lab-grown diamonds, while it has beenraisedforsomeotheritemssuch as electric kitchen chimneys, automobiles, and toys for protecting localplayersandtocorrectinversion.

The reduction in customs duties on phone inputs like camera lenses mightnothaveabigeffectonthefinal price amid its small portion of the total cost. Additionally, the move about inputs of TVs would accelerate manufacturingandenablesitsoverall growth. The basic custom duties on denatured alcohol also have been exempted and this will support the ethanol blending program and facilitate the country’s endeavor for

the energy transition. This will also help the downstream users in the chemical industry. Also, the proposed exemption in basic customs duty on seeds used in the manufacture of lab-grown diamonds will give a boost to the industry as there is a depletion in deposits of natural diamonds and this will necessarily reduce the costs ofproduction.TheR&Dgrantsforthe same will facilitate gems and jewellery exports. The reduction in duty for key inputs on producing shrimp feed will help marine exports. To provide impetus to green mobility, customs duty exemption has been extended to import capital goods and machinery required to manufacture lithium-ioncellsforEVbatteries.

Customs duty on articles of precious metals such as gold, silver, andplatinumhasbeenincreasedfrom 20%to25%.Thiswillimprovedomestic production and enhance import substitution in this sector. Customs dutyonjewelleryhasbeenincreasedto discourage cheap imports. The import dutyoncompoundedrubberincreased from 10% to 25%. As a result, the country will import less compound

rubber and the demand for, and prices ofrubbermadeinthecountrywillrise. The import duty on compounded rubber was increased from 10 to 25% and this will reduce the import of compoundrubberintothecountryand boost the demand and prices of the rubber produced in the country. The country’s rubber production will riseevenmoreasaresultofthis,which will help farmers in the rubber industrytremendously.

Back in 2021, the Government introduced Production Linked Incentive (PLI) to put the domestic manufacturing sector on track, to job creation, and to reduce import dependence in key sectors. Expectations from this budget were that the PLI scheme would be given moreemphasisandtheloopholesand shortcomingswouldbeaddressedbut the finance minister has decided to reduce allocations to PLI in every sector and there are even massive cuts in a few sectors. Most of the sectors it deals with are struggling and the current account deficit is the result of an increase in import dependence.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

VESSELS IN PORT & DUE FOR EXPORT LOADING

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

VESSELS IN PORT & DUE FOR IMPORT

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

VESSELS DUE IN PORT FOR

WITH EXPORT CARGO

DISCHARGE & EXPORT

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

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

JAMNAGAR

OTHER PORTS OF GUJARAT

(As on 08-02-2023)

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSICT

I.G.M. FILED AT JAWAHAR CUSTOMS FOR JNP/NSICT/NSIGT/BMCT/GTI VESSELS

GTI

Vessel Name (Voy) Sailing Dt. Next Port

FOREIGN EXCHANGE RATES

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

Snowman Logistics takes 50,000 sq. ft warehousing space at Hosur industrial park

BANGALORE: Snowman Logistics Limited (SLL) – India’s leading integrated temperaturecontrolled logistics service provider –has taken a 50,000 sq. ft warehousing space at Horizon Industrial Park, Hosur I. This will be SLL’s first dry warehouse and its largest with 5,500palletpositions.

SLL has one of the widest temperature-controlled warehouse networks in India spread across 41 facilities in 19 cities. Its network of 130,202 pallets capacity a fleet size of over 400 helps reach over 500 cities acrossthecountry.

Horizon Industrial Park, Hosur is spread across 58 acres with a development potential of 1.30 Mn sq. ft. Strategically located along NH 44 (Bengaluru – Chennai Highway) and 60kmfromBengalurucitycenter.

Sunil Nair, CEO, Snowman Logistics Limited, said, “Snowman has been managing complex storage and transportation operations for food and pharmaceutical products. Which needs expertise in delicate operationsandcompliance.Withthis facility we will be entering the chemical business. We are excited and prepared to invest in chemical handling and operations. We will closely work with Dow Chemicals and BDP international in implementing global standards and practices and developing world class capabilities.”

Rahul Pandit, CEO, Horizon Industrial Parks, said, “As Snowman Logistics celebrates 30 years of excellence, we are excited to partner with them and welcome them to our state-of-the-art facility in Hosur. This

fully compliant facility offers optimal storage solutions and is designed to meet the highest industry standards. Additionally, the unit is fully equipped to store specialty chemicals in accordance with all necessary regulations and safety norms, ensuring that our clients can trust in the secure and safe storage of their goods. We are proud to work with Snowman Logistics and look forward tosupportingtheircontinuedsuccess inthefuture.”

Horizon Industrial Parks is a logistics platform in India, owned and managed by Blackstone Real Estate funds. The current portfolio spread across more than 1,000 acres, comprises 17 industrial and logistics parks,locatedin8keymarkets,witha development potential of 25 million squarefeet.

World Customs Organization now has 185 Members

BRUSSELS: Solomon Islands depositedwiththeBelgianGovernment its instrument of accession to the Convention Establishing a Customs Co-operation Council on

26 January 2023 and thus become the 185thMemberoftheOrganization.

An English-speaking archipelagic State, located in the southwestern Pacific Ocean, Solomon Islands will

be part of the WCO’s Asia/Pacific region.

The WCO is pleased to welcome the Solomon Islands into the internationalCustomsfamily.

Goa Port Connectivity arm to be completed by Dec ’23: Gammon India

PANJI:Atatimewhentheresidents of Mormugao and Vasco have been complaining about the movement of heavy vehicles through residential areas, Gammon India Company constructing the port connectivity project,hasassuredtoresolveallissues bytheyearsend.

Gammon India Goa in-charge R Prabhakaran speaking to reporters during the inauguration of the hot mixing of roads near the Sewerage department Baina informed reporters that works on the pending arm connecting the four-lane flyover to the

port and its shed will be completed by theendoftheyear.

“We have expedited the works on the pending scope of the Four lane Flyover project. The four-lane flyover is presently operational, but we have two arms connecting this project to the port, one arm that enters gate no 9, the main entrance to the port and the other arm connecting the flyover to its shed at Baina, near Ravindra Bhavan,”hesaid.

The officer added that the works of the hanging bridge leading to the main entry /Exit point of the port at gate no 9

will be competed by November, and the vehicles can move in and out by December.

“The arm connecting the MPA Shed to the flyover near Ravindra Bhavan at Baina will be completed by April end. The heavy vehicles moving to and from the port can then use the Port connectivity Flyover project, which will also help decongest the city roads. Regarding the up ramp proposed from thecitytotheMainfour-laneflyover,itis in the discussion stage, and it is not yet cleared by the Government,” said Prabhakaran.

Directorate General of Shipping criticizes Ports banning scrubbers

MUMBAI: Directorate General of Shipping published a circular, noting that some of the country’s ports are currently not permitting the use of scrubbers.

The Directorate stated that some Indian ports are not permitting ships to berth, which are complying with IMO 2020 with the use of scrubbers. These ports are asking the ships to switch over to low sulphur fuel oil prior berthing.

“Any such additional requirements bythelocalPortauthorities,prohibiting IMO (MARPOL) compliant ships (certified for alternate means of compliance to IMO 2020) from entering an Indian port or restricting port entry permissions only after a changeover to low sulphur fuel oil, shall be construed as a unilateral measure from a membersstateagainsttheprovisionsof

an International Convention that it has ratified”

Considering the above, the Director General of Shipping, notified of the procedure to be followed by all ports in India for the compliance of IMO 2020 Sulphurcaprequirementsonmerchant shipscallingtheirports:

Anyportorlocalauthorityproposing to prohibit IMO (MARPOL) compliant ships (certified for alternate means of compliance to IMO 2020) from entering their port or imposing any additional requirements, including, changeover to low sulphur fuel oil, shall submit their request in this regard to the Director General of Shipping, Govt. of India, along with the risk and impact assessment duly undertaken by the respective authority in accordance with IMO-MEPC.1/Circ.899.

If approved, a list of such ports

where entry/berthing of ships with alternate means of compliance to IMO 2020 is prohibited shall be published on DGS web site, under intimation to the IMO and a letter issued to the respective port authority for public display and for duly alerting the ships callingtheirports,inadvance.

No port in India shall prohibit or impose additional measures on ships certified for alternate means of compliance to IMO 2020, unless authorized by the competent authority asabove.

India therefore advises that any restriction placed on any ship by any port or local authorities in contravention of the above, that “impedes the smooth conduct of legitimate ship operations, may be undertaken only after due consultation withtheDirectorGeneralofShipping.”