India will soon emerge as the World Leader in Maritime Sector : Shipping Minister
CHENNAI: India will soon emerge as the world leader in the maritime sector as it multiplies its cargo handling capacity in ports and builds a robust shipping building and repairs ecosystem said Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal.
Pg. 5
Logistics costs will come down to 9% in 2-3 years : Nitin Gadkari
NEW DELHI: Minister of Road Transport and Highways Nitin Gadkari said the Government plans to cut India’s logistics costs to single-digit levels in the next 2-3 years, aiming to boost India’s economic competitiveness.
The Government has launched several strategic policies to address logistics sector constraints, including the Prime Minister Gati Shakti-National Master Plan (PMGS-NMP) and the National Logistics Policy (NLP).
Cont’d. Pg. 5
Cont’d.
India will soon emerge as the World Leader in Maritime Sector : Shipping Minister
Cont’d. from Pg. 3
Speaking at the silver jubilee celebrations of the Kamarajar Port trust in Chennai recently he said by 2047, India will be among the top ten maritime nations in the world. He said the port marked a significant step in decongesting Chennai Port by fostering efficient coal handling with possibilities of future expansion. The Minister said
construction of IOCL Jetty of 3 MTPA will further enhance its capacity He said the setting up of 1 MLD Seawater desalination plant at the port at a coast of 32 crores would serve to meet not only the Port’s need but also the need of the coastal community for drinking and other domestic purposes.
P o i n t i n g o u t a t t h e t i m e l y implementation of infrastructural
projects taken up by the Shipping Ministry has led to faster completion of flagship programmes, the Minister said quality has also been a focus area when development projects are rolled out.
The Minister laid the foundation stone for establishing capital dredging, Integrated Command and Control centre at the Kamarajar port at a cost of 545 crores.
Logistics costs will come down to 9% in 2-3 years : Nitin Gadkari
Cont’d. from Pg. 3
Speaking in Mumbai at an event, he also stressed the importance of exploring hydrogen as a crucial fuel for the future and emphasised the role of biomass and biodigester technologies in producing hydrogen and CNG. Gadkari remarked that India is set to take the lead in alternative and biofuels on a global scale within the next 10 years. He also noted that the total toll
revenue is currently Rs 52,000 crore, with projections suggesting it will reach Rs 1.4 lakh crore in two years.
“We are building green express highways, and there is no issue regarding funding because every project we undertake is economically viable,” he added.
The Minister said that with a budget of Rs 2 8 lakh crore, he has strong backing from the Finance
Ministry, and that infrastructure development, particularly in sectors like water, power, transport, and communication, has been a priority for the Prime Minister
To address challenges like those encountered in the Morbi-Bangla Link project, he underscored the need for innovative strategies and collaborative efforts to ensure timely project completion.
World Trade is on track to hit a record $33
trillion in
2024 : UNCTAD
• Developing economies face slower trade growth, but high-growth sectors like informa on and communica on technology (ICT) and apparel offer opportuni es for diversifica on and resilience.
• Stable global growth and easing infla on create a window for developing economies to strengthen their trade posi on amid rising geopoli cal uncertain es.
GENEVA: Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade Update published by UN Trade and Development (UNCTAD) on 5 December
This $1 trillion increase, reflecting 3 3% annual growth, highlights resilience in global trade despite persistent challenges.
R o b u s t g r o w t h i n services trade, up 7% for the year, accounted for half of the expansion, while goods trade rose 2% but remained below its 2022 peak.
o f g l o b a l t r a d e , f a c e d headwinds in 2024, with imports contracting 1% and South-South trade falling by the same margin in the third quarter
In contrast, developed economies led Q3 growth, with stable demand driving a 3% rise in imports and 2% in exports.
D e s p i t e t h e s e c h a l l e n g e s , opportunities remain for developing
economies to capitalize on highgrowth sectors.
ICT and apparel trade surged, with increases of 13% and 14%, respectively, in the third quarter 2024. This growth underscores the potential for diversification
a n d e n t r y i n t o v a l u e - a d d e d industries
Stable global growth forecasts and easing inflation also present a chance
to build resilience in 2025. Sectoral pressures and growth prospects
While ICT and apparel showed strong momentum, traditional sectors critical to developing economies faced declines.
Energy trade fell 2% for the quarter and 7% for the year, while metals trade contracted by 3% both quarterly and annually.
Automotive trade dropped 3% in Q3 but is expected to end the year with modest 4% growth.
A call for strategic action
U N C T A D u r g e s developing economies to adopt targeted policies that enhance trade diversification and invest in high-value sectors to mitigate risks.
The organization underscores that trade is a cornerstone of s u s t a i n a b l e d e v e l o p m e n t To capitalize on opportunities in 2 0 2 5 , d e v e l o p i n g e c o n o m i e s require coordinated support to navig ate unce rtainty, re duce dependencies and strengthen global market links.
MOL switch to invest in Heirloom, a U.S. DAC Technology Developer
Contributing to Spread and Expansion of Negative Emissions
TOKYO: Mitsui O.S.K. Lines, Ltd. (MOL; President & C E O : T a k e s h i Hashimoto) has announced that its wholly owned subsidiary MOL Switch LLC (Representative & CEO: Tomoaki Ichida; Headquarters: California, U.S.), which aims to invest in decarbonization technologies, became the first Japanese company to participate in Heirloom Carbon Technologies, Inc. (Heirloom; Representative & CEO: Shashank Samala; Headquarters: California, U.S.) , a developer of Direct Air Capture technology MOL, along with Mitsubishi Corporation invested through a simple agreement for future equity (SAFE) in July 2023. In addition, Heirloom recently completed a $150 million financing, along with several Japanese companies, including Mitsui & Co., Ltd. and Japan Airlines Co., Ltd.
Heirloom is the world's leading U.S. developer of DAC, a technology that removes CO2 directly from the atmosphere Unlike conventional amine methods,
NYK obtains
Heirloom's DAC technology uses limestone, the second most abundant and inexpensive mineral in the world, as a raw material, reducing the costs of the technology Heirloom's "Cypress" project is in development in the U.S. state of Louisiana, and has received a grant of up to US$600 million from the U.S. Department of Energy The project's goal is to remove about 1 million tons of CO2 per year from the atmosphere.
Approval in Principle (AiP) for the design concept for Long-Distance Subsea Cable-Laying Vessel
TOKYO: NYK has recently obtained Approval in Principle (AiP) from ClassNK for the design concept of a cable-laying v e s s e l ( " t h e v e s s e l " ) f o r t h e construction of a long-distance subsea direct current (“DC”) transmission network in Japan.
Since suitable locations for wind-power generation, such as Hokkaido, are far from areas of major electricity demand, developing a power transmission network is crucial to increase the amount of electricity generated in the future. One promising solution to this issue is the construction of a long-distance subsea DC transmission network using cable-laying vessels
As part of a four-company consortium with Sumitomo Electric Industries, Ltd (‘Sumitomo Electric’), Furukawa Electric Co., Ltd. (‘Furukawa Electric’), and
Mitsui O.S.K. Lines, Ltd., NYK has been participating in the "Development of c o n s t r u c t i
e installation of cable protecting system, etc. and the development of new cablelaying vessels, etc.” of "Research and Development of a Multi-purpose and Multi-terminal HIGH Voltage Direct Current Transmission System (RIGHT Project)", projects subsidized by Japan’s New Energy and Industrial Technology Development Organization (NEDO).
Cooperating withSumitomo Electric, NYK isdeveloping the basic technology for cable-laying vessels that will contribute to the development of a domestic DC subsea transmission network and we have now obtained the AiP fromClassNKwiththecooperationofFurukawaElectric.
We will continue contributing to realizing a decarbonized society by optimizing the vessel's design.
OOCL unveils its Second 16,828 TEU Vessel, OOCL Iris
HONG KONG: Orient
Overseas Container Line Ltd. (“OOCL") is pleased to unveil another brand new 16,828 TEU container vessel, named the “OOCL Iris" today. This vessel is the second of ten new 16,000 TEU container ships ordered by OOCL and is the first to be delivered by Nantong COSCO KHI Ship Engineering Co., Ltd. (“NACKS").
“Iris" not only refers to a type of flower but also represents OOCL's in-house IT system, the Integrated Regional Information System, of which the company is immensely proud. Launched in 1999 as a groundbreaking innovation, it integrated the business processes of all OOCL offices worldwide, consolidating customer shipments and financial information into a single system, thereby transforming the company's operations. Over the years, this system, through continuous upgrading by leveraging advanced technologies, has been one of the key factors in OOCL's ability to navigate challenges.
“OOCL Iris" was named and blessed by Ms. Lily Wan, the wife of Mr. Eric Wang, Board Director and Vice President of Midea Group, under the witness of many
guests, partners and customers
Mr. Weidong
T a o , C h i e f
Executive Ofcer of OOCL, said at t h e c e r e m o n y,
“This series of new vessels achieves w o r l d - c l a s s standards in intelligent and environmentally friendly design, enhancing OOCL's operational efficiency and reducing carbon emissions to meet customer and societal expectations for green shipping. This not only optimizes OOCL's fleet structure and upgrades its own fleet but also provides strong support for the sustainable and healthy development of global trade. Looking ahead, OOCL will remain committed to a customer-centric approach, fostering an end-to-end integrated logistics supply chain service ecosystem, and delivering higherquality products to serve customers and global trade while actively fulfilling its social responsibilities and promoting sustainable development."
VESSELS DUE AT
VESSELS
12/1213/12 12/12 2300 Cstar Voyager 49W Q2067 1112141-23/11 MBK Line MBK Logistics Jeddah, Beldeport (India Med Service)
TBATBA Wan Hai 316 222E Q2197 1113812-05/12 Wan Hai Wan Hai Lines (I) (RGI / IM1) UnifeederUnifeeder Emirates Emirates Shpg.
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from
In Port 11/12 MSC York VII IP449A Q2104 1112575-26/11 MSC MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals 13/1214/12 12/12 1500 MSC Greenwich IP450A Q2173 1113424-03/12 Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D). 21/1222/12 21/12 0900 MSC Nerissa IP451A SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre 27/1228/12 27/12 0900 MSC Candice IP452A
COSCO
COSCO Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. (EPIC / IPAK) Indial Indial Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Seahorse Ship UK, North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. Globelink Globelink WW UK, North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.
TSS L'Global Ag. UK, North Continent & Scandinavian Ports. Dronagiri-2
AMI Intl. AMI Global UK, North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3
Kalko Faredeal UK, North Continent & Scandinavian Ports. Dronagiri-3 Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.
Safewater Safewater Lines UK, North Continent, Red Sea & Med. Ports. Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
11/1212/12 11/12 2000 MSC Silvia IU449A Q2170 1113418-03/12 MSC MSC Agency Haifa. (INDUS) Hind Terminal 11/1212/12 10/12 1600 MSC Orsolo IS448A Q2172 1113424-03/12 MSC MSC Agency UK, North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 20/1221/12 20/12 1100 MSC Danit IS449A Q2202 1113849-06/12 SCI CMT Barcelona, Felixstowe, Hamburg, Rotterdam, Gioia Tauro, 25/1226/12 25/12 1100 MSC Vega IS450A UK, North Continent & Other Mediterranean Ports. HimalayaExpress NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service Allcargo Allcargo Log. UK, North Cont., Scandinavian & Med. Ports. Dron.2&Mul. ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. UK, North Continent & Scandinavian Ports. JWR Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa. Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI
11/1212/12 11/12 2200 CMA CGM Titus 0MXL1W1 Q2116 1112636-26/11 Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS
Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel
27/12 0900 MSC Candice IP452A Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. (EPIC / IPAK)
Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America
11/1212/12 11/12 2000 MSC Silvia IU449A Q2170 1113418-03/12 MSC MSC Agency New York, Charleston, Huston, Freeport. Hind Terminals
19/1220/12 TBA
MSC Michaela IU450A Kotak Global Kotak Global US East, West & Gulf Coast (INDUS) 11/1212/12 10/12 1600 MSC Orsolo IS448A Q2172 1113424-03/12 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, HindTerminals 20/1221/12 20/12 1100 MSC Danit IS449A Q2202 1113849-06/12 Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 25/1226/12 25/12 1100 MSC Vega IS450A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express) Globelink Globelink WW USA, East & West Coast.
14/1215/12 TBATBA CMA CGM La Scala 0INILW1 Q2143 1113083-29/11 CMA CGM CMA CGM Ag. New York, Norfolk, Charleston, Savannah & Dron.-3 & Mul.
21/1222/12
TBATBA Lotus A 0ININW1 Q2205 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2 28/1229/12
TBATBA CMA CGM Cendrillon 0INIPW1
ONE Line ONE (India) India America Express (INDAMEX) 04/0105/01
TBATBA APL Mexico City 0INIRW1
COSCO COSCO Shpg. (INDAMEX) Indial Indial Shpg. US East Coast & South America ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. ConexTerminal Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast 16/1217/12 TBATBA Teno 4150 Q2055 1111958-21/11 Hapag ISS Shpg. New York, Norfolk, Charleston, Savannah ULA CFS 22/1223/12 TBATBA Tubul 4151 Q2128 111287-28/11 (TPI/INDAMEX) 29/1230/12 TBATBA Kyoto Express 4152
LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
Cypress
Cautin 0MXL9W1
Pusan 35E Q2080 1112363-25/11 OOCL OOCL(I) USA East Coast & Other Inland
CMA CGM Zanzibar
Q2144 1113082-29/11 OOCL OOCL (I) (Bangladesh India Gulf Express) 18/1219/12
Dronagiri-3 Bay Line Freight Conn. Port Sudan & Al Sokhna CWC,GDL&DRT ICC Line Neptune UAE & Upper Gulf Ports. GDL-5 Team Lines Team Global Log. Gulf Ports. Conex Terminal
CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo. BSS Bhavani Shpg. P Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS 17/1218/12
TBATBA Varada 2414E
Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo Dronagiri 21/1222/12
TBATBA GFS Giselle 2413E Q2036 1111565-19/11
Heung A Line Sinokor India 26/1227/12
TBATBA Grace Bridge 2408E
Sinokor Sinokor India Seabird CFS (CSC)
TS Lines TS Lines (I)
Cordelia Cordelia Cont. Port Kelang, Far East & China Ports
Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
ETAETD VESSELS Voy V.I.A ROT. LINE AGENTS WILL LOAD FOR CARTING DATE TIME NAME No.No. No.&Dt. POINT CUT OFF TO LOAD FOR FAR
EAST, CHINA & JAPAN PORTS from
In Port 10/12 Cap Andreas 016E Q2087 1112383-25/11 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 12/1213/12 11/12 0100 X-Press Anglesey 24034E Q2148 1113174-30/11 X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang. 16/1217/12 TBATBA Conti Annapurna 997E
Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri 22/1223/12
TBATBA MOL Presence 019E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service) HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS In Port 10/12 Zhong Gu Chong Qing 450E Q2065 1112134-23/11 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS 16/1217/12
TBATBA GSL Nicoletta 451E Q2108 1112583-26/11 X-Press Feeders Sea Consortium Kwangyang, Pusan, Hakata, Shanghai. (NWX/FI-3) 23/1224/12 TBATBA X-Press Odyssey 452E Q2194 1113764-05/12 Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS 10/1211/12 10/12 1200 Seaspan Brisbane E004 Q2115 1112635-26/11 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Dronagiri-1 17/1218/12
TBATBA Wan Hai 521 E029 Q2198 1113814-05/12 Evergreen Evergreen Shpg. Shekou. Balmer Law. CFS Dron. 24/1225/12
TBATBA Argolikos E167
Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 31/1201/01
TBATBA Wan Hai 507 E226 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 11/1212/12 11/12 1800 Interasia Horizon E042 Q2069 1112011-23/11 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 13/1214/12 13/12 2200 Wan Hai 361 E017 Q2199 1113813-05/12 COSCO COSCO Shpg. Ningbo, Shekou. 20/1221/12
TBATBA Wan Hai 513 E097 Q2187 1113637-04/12 InterasiaInterasia (CI2) HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS 12/1214/12
TBATBA Pusan 35E Q2080 1112363-25/11
OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, GDL/Dron-1 16/1217/12
RCL/PIL RCL Ag./PIL India (CWX/CIX5) Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 13/1214/12 13/12 0400 Big Breezy E046 Q2135 1112959-28/11 Wan Hai Wan Hai Lines Port Kelang, Jakarta, Surabaya
TBATBA OOCL Hamburg 154E Q2176 1113440-03/12 OOCL OOCL (I) Sydney, Melbourne. GDL (CIX-3) TS Lines TS Lines (I) Australian Ports. (CIX-3) Dronagiri-2 Austral Asia MCS (I) Port Lae, Port Moresbay, Madang, Kavieng, Rabaul, Honiara Dronagiri-3 Team Lines Team Global Log. Australia & New Zealand Ports. ConexTerminal
TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT
LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSFT
01/0102/01 TBATBA Yokohama Star 2501
23/1224/12
Zhong Gu Zhu Hai 24044W Q2132 112903-28/11
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT
In Port 12/12 Maersk Colombo 449W Q2093 1112488-25/11 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS 18/1219/12
TBATBA Maersk Florence 450W Q2109 1112591-26/11 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis (MESAWA) Dron.-3&Mul. 13/1214/12
TBATBA Celsius Edinburgh 004W Q2062 1112122-23/11 ONE Line ONE (India) Mombassa, Beira, Maputo. (MJI) 13/1214/12 12/12 1800 BFAD Pacific 449S Q2095 1112498-25/11 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3&Mul. 20/1221/12 TBATBA CMA CGM San Antonio 0MTJ3W1 Q2191 Maersk Line Maersk India Pointe Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk CFS 27/1228/12 TBATBA Fayston Farms 451S Q2159 1113317-02/12 DAL Seatrade Durban, Port Elizabeth, Capetown, Maputo, Beira. (MIDAS-2) 15/1216/12 TBATBA Maersk Cape Town 451S Q2077 1112483-25/11 Maersk Line Maersk India Mombasa, Victoria. Maersk CFS 22/1223/12 TBATBA Maersk Cabo Verde 452S Q2114 1112594-26/11 (MWE SERVICE)
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT
In Port 11/12 MSC York VII IP449A Q2104 1112575-26/11 MSC MSC Agency Khoms, Tripoli, Misurata, Tunis Hind Terminals 13/1214/12 12/12 1500 MSC Greenwich IP450A Q2173 1113424-03/12 CMA CGM CMA CGM Ag. Dakar,Nouakchott,Banjul,Conakry, Freetown, Monrovia, Sao Tome,Bata, Dron.-3&Mul. 21/1222/12 21/12 0900 MSC Nerissa IP451A Guinea Bissau,Nouadhibou, Dakar,Abidjan, Tema, Malabo & Saotome. (EPIC / IPAK) GlobelinkGlobelink West & South African Ports. Safewater Safewater Lines East, South & West African Ports (EPIC / IPAK) 11/1212/12 10/12 1600 MSC Orsolo IS448A Q2172 1113424-03/12 MSC MSC Agency Tema, Abidjan, Khoms, Tripoli, Misurata, Tunis Hind Terminals 20/1221/12 20/12 1100 MSC Danit IS449A Q2202 1113849-06/12 Team Global Team Global Log. East, West & South African Ports. (Himalaya Express) Pun.Conware 11/1212/12 11/12 2000 MSC Silvia IU449A Q2170 1113418-03/12 MSC MSC Agency San Pedro, Monrovia, Dakar, Freetown, Alger, Annaba, Bejaia, Oran, Hind Terminals 19/1220/12
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS
JAIGARH PORT LIMITED
Commerce Ministry ready to extend hybrid model for IT units in SEZs by at least 2 years
NEW DELHI: The Commerce & Industry Ministry has recommended an extension of two years or more to the hybrid working model of IT-ITeS units operating in SEZs beyond the y e a r- e n d w h e n t h e o n e - y e a r extension given last year is set to lapse, sources said.
The hybrid model allows IT-ITeS units to permit their employees to work from any place outside the SEZ as long as the unit is physically operating in the zone.
“The Commerce & Industry Ministry is ready to extend the hybrid model for more than a year, possibly two-five years. A decision has been taken on the matter,” a source tracking the matter said. T
Directorate General of Exports Promotion (DGEP), an arm of the Central Board of Indirect Taxes and Customs, will be sought for the extension following which the Commerce Department will come up with the required notification, the source added.
Industry body Nasscom had earlier recommended a shift from the work-from-home model to a hybrid one to ensure that SEZ units continued to operate from the SEZs and real estate developers did not lose out on their business. At the same time units, too, would have the flexibility of allowing their workers to work from outside the zone adding to
overall efficiency.
While the IT-ITeS industry wants to be allowed to continue with the hybrid model in perpetuity, the government is not willing to provide the flexibility without an end date.
“Covid-19 created a situation where employees were forced to work from home. But it is long over now and IT companies such as Amazon and TCS are stressing the importance of work
T
e government understands that some more time may be needed for all workers to start operating from office and is ready to allow the hybrid model for a longer period. But there doesn’t seem to be a need to extend it perpetually,” the source said.
NTPC plans to sell green methanol for fuelling its ships with Maersk
NEW DELHI: NTPC Green Energy Ltd, a subsidiary of India’s largest power generation utility is in talks with global shipping major A.P. Møller – Mærsk A/S to sell green methanol for its ships, said two people in the know of the developments
This comes in the backdrop of tightening of marine fuel standards globally including the European Union’s Fuel Maritime Regulation that calls for a 2% reduction in greenhouse gas intensity by 2025 and an 80% reduction by 2050 Green methanol is created by combining
green hydrogen with captured carbon dioxide.
“Talks have been underway for sometime now with some potential off-takers. Maersk is key among them. Discussions are in the initial stage and yet to be finalized,” said one of the two people mentioned above.
Tariffs under rst Trump term hurt US rms, NY Fed analysis says
NEW YORK: Import tariffs during President-elect Donald Trump’s first term broadly lowered stock values on the day they were unveiled, and were associated with lower future profits, sales and employment for the firms whose equity prices were hit the hardest, new analysis by Federal Reserve Bank of New York staff concluded.
Firms exposed to trade with China in particular, about half of publicly listed companies, saw bigger stock market losses on days when import tariffs were announced during 2018 and 2019, and over the ensuing two years saw profits, for example, that were about 13% lower than others.
“One key motivation for imposing tariffs on imported goods is to protect U.S. firms from foreign competition. By taxing imports, domestic prices become relatively cheaper, and Americans switch expenditure from foreign goods to domestic goods,”
New York Fed economists including Mary Amiti, head of labor and product market studies in the bank’s research group, wrote in the analysis But “most firms suffered large valuation losses on tariff-announcement days. We also document that these financial l
reductions in profits, employment, sales, and labor productivity.”
The paper adds to other research estimating that tariffs present a drag
policymakers, companies and economic researchers try to gauge what lies ahead as Trump vows to ratchet import duties even higher in his second term Trump and his advisers see the tariffs as a way to raise revenue for the federal government, though the question of how the cost of import levies is spread across producers, importers and consumers is a thorny one.
Benefits from tariffs are hard to
come by, the New York Fed’s research team concluded, “because global supply chains are complex and foreign countries retaliate Our results show that firms experienced large losses in expected cash flows and real outcomes These losses were broadbased, with firms exposed to China experiencingthelargestlosses ”
The analysis builds on a prior study by the same research team that e s t i m a t e d t h e f i r s t Tr u m p administration’s trade war made firms and households worse off by a factor of around 3%.
While Trump doesn’t take office until Jan 20, economists at the Fed and in the private sector are racing to try to frame in broad terms what the fallout ofnewroundsoftariffsmightbe.
T r u m p f o r e x a m p l e h a s threatened levies as high as 25% on goods from Canada and Mexico, with another 10% on top of what is already imposed on Chinese goods.
India and Norway forge deeper economic partnerships by exploring cross-sector growth opportunities
MUMBAI: The India-Nor way Business Forum was held in Mumbai r e c e n t l y , o r g a n i z e d b y t h e Confederation of Indian Industry (CII) in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India. The forum brought together policymakers, industry leaders, and stakeholders to discuss avenues for deepening IndiaNorway trade and investment ties across priority sectors.
An open interaction was chaired by Commerce and Industry Minister of India, Shri Piyush Goyal. During this session, various key issues were raised including regulatory challenges, public procurement concerns and quality standards compliance across sectors. Issues across key sectors such as maritime, shipping, energy, food processing, logistics, oil & gas, renewable energy and circular economy were presented to the Minister. Shri Piyush Goyal committed t o a d d r e s s i n g t h e s e c o n c e r n s collectively with relevant ministries to enhance bilateral trade and investment relations further He also proposed launching a startup bridge between Norway and India during the next Ministerial meeting. The Ambassador
suggested that this initiative could be launched during the Indo-Nordic Summit next year. The interaction was followed by a video message from Ms Cecilie Myrseth, Norwegian Minister of Trade and Industry, who appreciated the efforts behind the roundtable and highlighted the potential for Norwegian companies to grow in India under the TEPA agreement. The session concluded with remarks from Shri Piyush Goyal highlighted India's r o b u s
p e , emphasizing the country's compelling value proposition for international partners He underscored India's strategic advantages: a young, dynamic w
c institutions, growing consumer market, and decisive national leadership Moreover, he positioned India as an attractive global investment hub, inviting Norwegian companies to leverage local talent not just for domestic opportunities, but as a launchpad for international marketexpansion
Earlier, Ms Gurneet Tej, Joint Secretary, DPIIT, opened the forum and highlighted the growing IndiaNorway partnership, emphasising bilateral trade between the two countries which reached USD 1.1 billion and Norway emerging as
India’s 33rd largest investor She e m p h a s i z e d t h e
f cooperation, including blue economy, green hydrogen, renewable energy, fisheries, and water management, while noting Norway’s increasing role i n I
c t u r e development The recently signed Trade and Economic Partnership Agreement (TEPA) between India
Association (EFTA) was lauded as a significant step toward strengthening economic collaboration
H.E. Ms. May-Elin Stener, Ambassador of Norway to India, termed TEPA a landmark in bilateral relations and highlighted its potential to further enhance trade and investment between the two nations She noted Norway’s plans to ratify TEPA by 2025 and emphasized areas of focus, such as renewable energy, maritime industries, climate, and sustainability The Ambassador also announced that Norway will host the Indo-Nordic Summit in 2025.
The India-Norway Business Forum reaffirms the commitment of both nations to strengthen the partnership and work collaboratively toward achieving sustainable growth and development.
Indian Railways developing Vande Bharat parcel trains for quick e-commerce shipping
NEW DELHI : Indian Railways is working on an express parcel delivery service – tentatively named as Vande Bharat Parcel Service – targeting niche products, e-commerce shipping items that include apparels, mobile phones, other lighte-weight cargo and perishable to quick-commerces, a senior official awareofthediscussionstold.
Prototype and designing of these special coaches – which need to carry smaller cargo of lower volumes – are under works.
“Coach designing is under-way at ICF and one other facility These will soon be presented to the Railway Board for clearances, post which construction of coaches will commence,” the official said.
These trains are being designed targeting e-commerce cargo, specially items like apparels, mobile phones and
so on which now-a-days are being pushed under “one day delivery” or “express delivery” options. Quick commerce items like smaller white goods and so on can also be pushed.
Plans are afoot to take up some perishable items, including flowers, with reefer containers being considered for transport.
Routes on which these high speed parcel trains can run, include ones likes the Delhi – Mumbai route – to be covered in an estimated span of 10 hours; and the Delhi – Chennai route – to be covered in anestimatedspanof24hours
“We will decide on the routes as and when the plans firm up,” the official said.
Initial plans indicate that these trains will have speeds of 160 – 180 kmph, be made on the existing Vande Bharat platforms; and at least three
different coach sizes – of 8 metres. 11 metres and 13 metres – are being designed.
Each of the Vande Bharat Parcel express trains will have 16 coaches –single storey ones.
“We could also explore 8 – 12 coach set-ups, but the ideal plan is to have a 16 ( c o a c h ) * 1 6 ( t o n n e c a r g o ) configuration,” the official said.
The coaches will be lighter and smaller in size than the standard 25 metre ones to accommodate quicker loading of specialised cargo. It will also have retractable roller floor system with locking facilities for easy handling of pallets. Payload of these vehicles are expected at 264 tonnes.
The idea is to ensure completion of loading a 7-8 minute time frame, much faster than the normal cargo loading time in case of container cargoes.
Decarbonising India’s transport sector: Navigating trade-offs of biofuel use and electrication
NEWDELHI:AsIndiaisonatrajectory to decarbonise the transport sector and reach its net-zero goals by 2070, it is i m p e r a t i v e t o c l o s e l y e x a m i n e decarbonisation strategies to avoid any unintended economic and natural
Bengaluru-based think tank, Center for Study of Science, Technology and Policy (CSTEP)’s latest study highlights that sustaining 10% ethanol blending (E10) mightbetherightwayforward,considering it avoids any trade-offs between food and f
infrastructure are already E10-compliant The study also notes that while electrification of the transport sector is critical to meeting net-zero targets, it may increase the critical mineral demand, further augmenting India’s importdependencyfortheseminerals
SHIPPING MOVEMENTS AT GUJARAT PORTS
TODAY’S TIDE 10/12/2024
Cargo Steamer's Agent's ETD Jetty Name Name
CJ-I Sofia K B S Shipping 13/12
CJ-II Globe Cleopatra Interocean 15/12
CJ-III MO Joud DBC 12/12
CJ-IV Berge Hakodate DBC 11/12
CJ-V Sai Fortune Sai Shipping 22/12
CJ-VI Paiwan Ace Mihir & Co. 15/12
CJ-VII Genco Columbia Avantika Shpg. 14/12
CJ-VIII Pearl Ivy Mitsutor 15/12
CJ-IX Akij Heritage Jeel Kandla 13/12
CJ-X Woohyun Star GAC Shpg. 14/12
CJ-XI TCI Express TCI Seaways 11/12
CJ-XII Grand Mariner Master Logitech 11/12
CJ-XIII Marina S Synergy 11/12
CJ-XIV Dream Sky Mihir & Co. 20/12
CJ-XV Hangyang DBC 15/12
CJ-XVA Cos Proseperity Chowgule Bros 14/12
CJ-XVI Ipanema Beach Synergy 13/12
TUNA VESSEL'S NAME AGENT'S NAME ETD Stability Interocean 16/12 Santa Angelina
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I LPG/C Bogazici
OJ-II Sea Harvest
OJ-III Eva Pearl
OJ-IV TG Grab Samudra 11/12
OJ-V Ealdor GAC Shpg. 11/12
OJ-VI Regency Malara Shpg. 11/12
OJ-VII Wisco Adventure JMBaxi 11/12
SHIPS
Steamer'sNameSteamer'sName Steamer's Name AgentsAgents Agents ArrivalonArrivalon ArrivalonArrivalon Arrival on Golden ID 07/12 Sudan
Josco Guangzhou 07/12
LF 08/12 Vietnam
Wooyang Queen 08/12
Star Knighthawk 08/12
Source Blessing 08/12 Nhava Sheva-Jebel AliDammam-Shuiba-Umm Qasr Dubai Knight 08/12 West Africa Blue Fin 09/12 Cl Zhuang He 09/12 China Golden Marine 09/12
Steamer'sNameSteamer'sName Steamer's Name AgentsAgents Agents ArrivalonArrivalon Arrival on Humbergratch JMBaxi 02/12
Spring Oasis Seavision Shpg. 30/11
Grand Concord Chowgule Bros 07/12 Woohyun Hope Interocean 08/12
DEENDAYAL PORT
Stream Bomustafa O DBC
Stream
Stream
Stream
Stream East Wind I Anline Shpg.
Stream ES Right Samudra
CJ-VII Genco Columbia Avantika Shpg.
Stream Glamor Anline Shpg.
Bags
CJ-II Globe Cleopatra Interocean Dounan 28,000 T. Rice Bags
Stream Grand Concord Chowgule Bros
Stream Haj Abdullah T DBC
Stream Haj Ali DBC
Stream Haj Mohamad DBC
Stream Humbergratch JMBaxi
CJ-XIII Marina S Synergy
Stream Mars J DBC
Stream Mercury J DBC
Stream NJ Sun B S Shipping
Stream Patriot Malara Shpg.
Stream Queen Lila Synergy
CJ-V Sai Fortune Sai Shipping
CJ-I Sofia K B S Shipping
Stream Soul Mercy Anline Shpg.
Stream Spring Oasis Seavision Shpg.
Stream Tiryandafil Chowgule Bros
Stream Woohyun
T. Rice In Bags
T. Sugar Bags
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
Future Interocean
T. Lentils/Peas Tuna Stability Interocean
Stream Tai Honor DBC
Stream Bochem Oslo JMBaxi
LIQUID CARGO VESSELS
T. P Acid
10-Dec Bow Firda GAC Shpg. Al Jubail 6,000 T. Chemicals
Stream Cystal Voyage Samudra Sohar Oman 5,113 T. Chemicals INIXY124121880
10-Dec DS Ocean Samudra 5,913 T. Chemicals
OJ-V Ealdor GAC Shpg. Akaba 19.674 T. Phos Acid INIXY124121874
09-Dec Eva Richway Samudra Singapore 4,054 T. Chemicals 10-Dec Ivy Gold Interocean 5,041 T. CDSBO
Stream Kruibeke Seaworld 20,934 T. Propane/Butane 07-Dec Ocean Agalia Samudra Taiwan
T. Chemicals 11-Dec Olympic Spirit Interocean San Lorenzo
T. CDSBO INIXY124101121
Stream Qian Tai 1 Marinelinks Malaysia 11,000 T. CPO INIXY124101419
Stream Purple Ray Samudra China
KANDLA INTERNATIONAL CONTAINER
SHIPPING MOVEMENTS AT ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA
DP WORLD MUNDRA
Jebel Ali (JKX) TO LOAD FOR EAST, WEST, NORTH & SOUTH AFRICAN PORTS 13/12 12/12-PM Maersk Cairo 450S 4114296 Maersk Line Maersk India Port Casina, Mombasa (MAWINGU)
15/12 15/12-AM Maerk Karun 450W 4114293 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
15/12 Maersk Karun (V-450W) 4114293 Maersk India Nhava Sheva 16/12 Maersk Genoa (V-450W) 4114481 Maersk India Jebel Ali 19/12 Oceana (V-932S) 4124556 Unifeeder Agency Jebel Ali
Wan Hai 511 (V-95E) Port Kelang 06-12-2024 Marathopolis (V-449S) Salalah 07-12-2024 X-Press Mekong (V-24010W) Nhava Sheva 07-12-2024 CB-1 X-Press Phoenix (V-449E) X-Press Feeder 11/12 CB-2
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
ETA Cut Off Vessel’s Name Voy No. VCN Line Agents Will Load For ETD TO LOAD FOR U. K. NORTH CONTINENT, MEDITERRANEAN, BLACK SEA, RED SEA, EAST EUROPE &
10/12 10/12-AM Hyundai Jakarta 131W 2403769 Hyundai Seabridge Maritime Jeddah, Damietta, Piraeus, Genoa, Valencia, Barcelona (FIM WEST) 11/12 12/12 12/12-PM One Readiness 4 2404402 ONE Line ONE India New York, Savannah, Jacksonville, Charleston, Norfolk (WIN) 13/12 13/12 13/12-AM Nyk Vesta 87W 2404403 CMA CGM CMA CGM Ag. (I) Jeddah, Suez Canal, Tanger, Rotterdam, Hamburg, 14/12 19/12 18/12-PM Yokohama Express 4348W 2404329 COSCO/Hapag COSCO(I)/Hapag-Lloyd London Gateway, Antwerp, (EPIC-II) 20/12 14/12 13/12-PM CMA CGM Titus OMXL3W 2404185 Hapag Lloyd ISS Shipping La Spezia, Barcelona, Valencia, Tangier, Fos Sur Mer, Genoa, 15/12 CMA CGM CMA CGM Ag. (I) Marsaxlokk. (IMEX) 14/12 14/12-AM Cstar Voyager 49W 2404388 MBK Line MBK Logistics Jeddah, Kumport. (IMS)
TBA Mesiina Transworld Group Istanbul, Jeddah, Nisurata (Libya), Castellon (Spain), Genoa, Naples, Iskderon (INDME) TO LOAD FOR WEST ASIA GULF PORT 12/12 12/12-PM SCI Mumbai 24049 2404445 X-Press Feeder Sea Consortium Jebel Ali, Khalifa, Khorfakkan. (ASX GULF)
Zhong Gu Nan Ning 2407E 2404409
/TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX)
10/12 10/12-AM Big Breezy 46E 2404454 Wan Hai Line Wan Hai Lines Port Kelang, Jakarta, Surabaya. (SI8 / JAR) 11/12 17/12 17/12-AM KMTC Yokohama 2411E 2404529 KMTC / Interasia KMTC (I) / Interasia 18/12 11/12 11/12-PM ESL Dachan Bay 2094 2404464 Evergreen/ONE Evergreen Shpg/ONE Port Kelang, Tanjin Pelepas, Singapore, Xingang, Qingdao, Ningbo 12/12 18/12 18/12-PM Ever Ethic 172E 2404524 Feedertech/TS Lines Feedertech / TS Line Shanghai (CISC) 19/12 13/12 12/12-PM HMM Promise 43E 2404292 Hyundai Seabridge Maritime Singapore, Da Chan Bay, Busan, Kwangyang, Shangai. (FIM EAST) 14/12 14/12 12/10-PM Xin Chang Shu 90E 2404420 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 15/12 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)
15/12 15/12-PM KMTC Jebel Ali 2406E 2404429 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS) 16/12 20/12 19/12-PM Zhong Gu Ji Nan 24007E 2404498 TS Lines Samsara Shpg 21/12 15/12 15/12-AM Zhong Gu Gui Yang 2446E 2404377 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 16/12 Evergreen/KMTCEvergreen/KMTC (FIVE) 20/12 20/12-AM Navios Unite 1E 2404415 FeedertechFeedertech Port Kelang,
ADANI INTERNATIONAL CONTAINER TERMINAL
AFRICAN
PIPAVAV PORT
Cut Off/Dt.Time Vessels Name Voy VCN LINE AGENT
14/12 13/12-1800 Maersk Seletar 449W 24393 Maersk Line Maersk India Algeciras
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS
In Port —/— Xin Da Yang Zhou 097E 24390 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 11/12 17/12 16/12-2200 Pusan 35E 24397 Gold Star / RCL Star Shpg/RCL Ag. Nansha New Port (CIXA) 18/12 19/12
18/12-1800 Aka Bhum 025E 24406 19/12 11/12 10/12-1900 Zhong Gu Chong Qing 450E 24404 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 12/12 18/12 17/12-1900 GSL Nicoletta 451E 24388 X-Press Feeders Merchant Shpg. Ningbo. (NWX) 19/12 Sinokor/Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan.
15/12 15/12-1000 Conti Annapurna 997E 24402 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 16/12 16/12 16/12-1100 MOL Presence 019E 24405 ONE ONE (India) (TIP) 17/12 20/12 20/12-0300 One Contribution 059E 24403 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 21/12 30/12 30/12-1000 Seaspan Adonis 077E HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 31/12 09/01 09/01-1600 Xin Ya Zhou 166E COSCO COSCO Shpg. Singapor Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 10/01 Nansha, Port Kelang (CI1)
TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS
In Port —/— SM Neyyar 0449W 24399 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX) 11/12 17/12 17/12-0300 Seaspan Jakarta 0450W 24396 18/12 14/12 13/12-1800 Maersk Seletar 449W 24393 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 15/12 TO LOAD FOR INDIAN SUB CONTINENT
PORTS & COASTAL SERVICE
In Port —/— Xin Da Yang Zhou 097E 24390 COSCO/OOCL COSCO Shpg./OOCL(I) Colombo. (CIXA)
11/12 10/12-1900 Zhong Gu Chong Qing 450E 24404 Maersk Line Maersk India Colombo. (NWX)
