MUM-11-09-2023

FFFAI

meets Revenue Secretary,

Ministry of Finance to discuss on Trade Facilitation measures

NEW DELHI: FFFAI delegation led by its Chairman Mr. Shankar Shinde alongwith the Office Bearers (OBs) of the Federation of Freight Forwarders' Associations in India (FFFAI) met Mr. Sanjay Malhotra, Revenue Secretary, Ministry of Finance, Government of India on August 29, 2023 to update on Export-Import trade facilitation measures.

MSC welcomes the eBL Declaration by the Future International Trade (FIT) Alliance

G E N E VA : T h e e B L D e c l a r a t i o n represents another major milestone in the industry’s ongoing journey to further raise awareness and accelerate the adoption of a standards-based ‘universal’ eBL by all parties involved in international trade.

MSC welcomes recent electronic Bill of Lading (eBL) Declaration by the Future International Trade (FIT) Alliance. The declaration marks a commitment to accelerate eBL adoption across FIT Alliance member organizations, including all carriers Cont’d. Pg. 6

US, Saudi Arabia, India discuss possible Rail, Port deal - Sources

WASHINGTON: The U.S., Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and South Asia, linking Middle Eastern countries by railways and connecting to India by port, according to U.S. officials aware of the conversations.

The conversations have been underway for months but are fluid, one of the people said.

U . S . P r e s i d e n t J o e B i d e n m e t I n d i a n Prime Minister Narendra Modi and also had talks with Saudi Crown Prince Mohammed bin Salman.

The plans for a sweeping, multi-national Ports and Rail deal would come at a critical time.

Cont’d. Pg. 15

FFFAI Chairman Mr. Shankar Shinde along with other OBs and theAdvisor presenting the Memento to the Revenue Secretary Mr. Sanjay Malhotra.

India needs to grow at 8-9% for 20 years to become developed Country by 2047: Deloitte

MUMBAI: India needs to grow at 8-9 per cent for the next 20 years to become a developed nation by 2047 as envisioned by Prime Minister Narendra Modi, Deloitte South Asia CEO Romal Shetty said.

He said India can benefit from the ‘China plus one’ strategy as no other country can offer the scale and size of operations as is available here.

Referring to the space sector, Shetty said India already has 200 startups and can attract investments of USD 100 billion by 2040.

“We need to grow at 8-9 per cent till at least 2047 to become a developed economy, moving away from middle income level. To grow at that pace is not easy Very few countries in the world have been able to grow at a pace of 8-9 per cent year-on -year,” Shetty told PTI.

Modi in an interview was qouted PTI recently said India will be in the top 3 economies in the near future.

“By 2047, I am sure that our country will be among the

developed countries Our economy will be even more inclusive and innovative,” he had said.

India is currently the fifth largest economy in the world, after the US, China, Japan and Germany An S&P Global report had last month projected India’s economy to double to USD 6.7 trillion by 2031, from USD 3.4 trillion currently

Shetty also said India can look for opportunities in the agriculture, space sectors, and other sunrise areas like semiconductor and EVs He further said the country is building roads at a ‘frantic pace’ of 16,000-18,000 kilometre a year, which in turn boosts development and trade

“Multinational companies are looking at ‘China plus one’. There is no doubt about that. While there are other countries that will benefit when companies decide to move their manufacturing to somewhere else apart from China, no other country has the scale and size as India has,” Shetty added.

Morgan Stanley says China is ‘overinvested,’ but India’s the opposite

SINGAPORE: China is overinvested as its economy continues to get buffeted but India has room for investment opportunities, said Morgan Stanley

“China is overinvested It’s overleveraged and it’s oversupplied. And then it has this geopolitical cloud over it,” said Jitania Kandhari, Morgan Stanley’s deputy CIO for solutions & multi-asset and managing director

This is in contrast to India, which Kandhari says is underinvested.

“It’s underinvested because investment to GDP was down, and now investment and manufacturing are hopefully picking up with the China-plus-one diversion of trade that is happening there,” Kandhari was quoted by CNBC’s “Squawk Box Asia.”

Recently companies have pursued a “China-plus-one” strategy as they diversify their supply chains in a bid for resilience.

Kandhari added that India is undersupplied in terms of homes and property, whereas “China has so many excesses.” China’s real estate sector has been mired in debt and plagued by weak sales. New home sales for the top 100 developers sunk by about a third in June and July from a year ago, after double-digit growth earlier in the year, according to S&P Global Ratings.

“India’s beginning a new cycle on the real estate side — made in India, work from India — with the global centers setting up there,” she elaborated. “So India story definitely feels like it has legs.”

NOTICE TO CONSIGNEES

The above vessel has arrived on 10-09-2023 at NHAVA SHEVA (BMCT) with import cargo to NHAVA SHEVA from RAS AL KHAIMAH, UMM QASR PT, SHUAIBA, SHUWAIKH, AD DAMMAM, JUBAIL. Please note the item Nos. against the B/L Nos. for NHAVA SHEVA (BMCT) delivery.

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery. 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. (IVRS No.) 8169256872

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

As Agents :

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

North Cont., Scandinavian, Red Sea & Med. Ports.

Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos.

Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.

Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

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

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

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

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

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

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

London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul

North Cont., Scandinavian, Red Sea & Med.Ports. ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports.

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

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

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

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

TO LOAD FOR USA, CANADA,

SOUTH AMERICAN & WEST INDIES PORTS from BMCT

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

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

Ship Gulf Ports.

LMT Orchid Gulf Ports.

Line Freight Conn. Port Sudan & Al Sokhna

ASIA GULF PORTS From BMCT

COASTAL SERVICE MOVEMENT

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

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

TO

FOR FAR EAST, CHINA & JAPAN PORTS from NSICT

016E

KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3

(I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2

HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS CISC Service CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

13/0914/09 12/09 2300 Stephanie C (BMCT) 2313E P1143

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

279939-29/08 Asyad Line Seabridge Jakarta, Singapore, Port Kelang. (IEX)

17/0918/09 TBATBA Tiger E2306 P1117 279740-25/08 Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo (CSC) Dronagiri 24/0925/09 TBATBA Grace Bridge E2306 P1167 280175-01/09 Heung A Line Sinokor India

27/0928/09 TBATBA Northern Decency E2311 Sinokor Sinokor India Seabird CFS (CSC) TS Lines TS Lines (I)

Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water PoseidonShpg. Shanghai, Ningbo, Qingdao. Speedy CFS 21/0922/09

Uru Bhum

P1178 280329-04/09

Fdr. RCL Ag./Sima Marine Port Kelang, Ho Chi Minh City, Laem Chabang, Cai Mep 05/1006/10

Seahorse/KMTC(I) (VGX) 12/1013/10

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

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

Xin Hong Kong 065E

OOCL Memphis 083E

Seaspan Emerald 24E P1124 1071883-29/08

X-Press Capella 23002E

Emirates Shpg.

COSCO Shpg. Singapore, Hongkong, Shanghai, Ningbo, Shekou,

CMA CGM Ag. Nansha, Taichung, Kaohsiung. (CI 1)

OOCL(I)/RCL Ag.

Lines Seahorse Ship Singapore, Shanghai, Ningbo, Hongkong, Taichung, Kaohsiung.

& Mul

Evergreen Shpg. Port Kelang, Singapore, Haipong, Qingdao, Shanghai, Balmer Law. CFS Dron.

Star KMTC(I)/Star Ship Ningbo, Da Chan Bay

Dronagiri-3/—

X-Press Feeders Sea Consortium 06/1007/10 TBATBA ESL Da Chan Bay 02337E

29/0930/09 TBATBA Zoi 108E

Emirates Emirates Shpg (CIX3 Service) Dronagiri-2 16/1017/10 TBATBA KMTC Dubai 02306E

Pendulum Exp. Aissa Maritime

18/1019/10 TBATBA Ever Elite 162E Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS

X-Press Anglesey 23006E

Feeders SeaConsortium (CWX)

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

TO

& NEW ZEALAND PORTS from BMCT

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

US, Saudi Arabia, India discuss possible Rail, Port deal - Sources

Cont’d. from Pg. 3

To c o u n t e r C h i n a ’ s B e l t a n d R o a d g l o b a l infrastructure push, Biden pitched Washington as an alternative partner and investor in developing countries at the G20, especially in the Indo-Pacific region.

It also comes as the Biden administration seeks a broader diplomatic deal in the Middle East that would have

Saudi Arabia recognize Israel.

Beyond the diplomatic implications, officials said they hope such an infrastructure deal could reduce shipping times, cost, the use of diesel and make trade faster and cheaper.

Saudi Arabia will also participate in an investment forum.

Global Maritime India Summit may see a shift in venue

NEW DELHI: The venue for the much publicized ‘Global Maritime India Summit 2023’ being organized by the Ministry of Ports, Shipping, and Waterways in October is likely to be shifted to Mumbai from the originally planned ‘Pragati Maidan’ in New Delhi after Prime Minister Narendra Modi suggested that the mega maritime event should be held in a coastal state, according to sources.

In the run-up to the Summit, the Ministry has held about a dozen road shows so far in different parts of the country to set the context for the event. The road shows were aimed at

convening Government officials, corporate executives, maritime stakeholders, and enthusiasts on a unified platform for discussions and deliberations concerning the future of the maritime sector The event seeks to enhance the Indian marine industry by fostering both national and international collaborations and facilitating investments.

The Summit is projected as a premier maritime sector focused event to bring together pivotal figures from the industry to explore opportunities, understand challenges, and stimulate investment within India’s maritime sector.

Special Secretary (Logistics) deliberates on PM Gatishakti National Masterplan at ADB

GEORGIA: India showcased PM Gatishakti National Master Plan at the ‘2023 Regional Cooperation and Integration Conference: Strengthening Regional Cooperation and Integration through Economic Corridor Development (ECD)’, organized by Asian Development Bank (ADB) at Tbilisi, Georgia. The conference, held from 5th to 7th September, 2023, observed participation from more than 30 member countries comprising senior officials of ADB’s Developing Member Countries responsible for ECD, representatives of Development partner agencies and Regional cooperation organizations. Indian delegation was led by Special Secretary (Logistics), Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Ms. Sumita Dawra.

The objective of the conference was to (i) explore ways to integrate spatial transformation/area-centric approach with the ECD and strengthen regional cooperation through a broader approach; and (ii) Knowledge sharing on application of the Economic Corridor Development (ECD) framework and operational guidelines, onto investable projects.

Ms Dawra informed the conference that PM GatiShakti – National Master Plan for Multi-modal Connectivity, a Made in India initiative, is a transformative ‘whole-ofgovernment’ approach for integrated planning of multimodal infrastructure connectivity to economic nodes and social infrastructure, thereby improving logistics efficiency PM Gati Shakti principles bring socio-economic area-based development as part of regional connectivity She mentioned the Government of India’s (GoI) targeted interventions and huge capex push to infrastructure investments and adoption of geospatial and other cuttingedge technologies towards transforming the entire logistics and infrastructure ecosystem.

She showcased PM GatiShakti, the GIS data-based, ‘whole of Government’ approach to integrated infrastructure master planning While global pioneers were brought together by ADB to brainstorm over broadening the scope of its ECD framework for regional cooperation. Special Secretary highlighted that India has already operationalised and is successfully implementing the PM GatiShakti, transformative approach to areabased infrastructure development. So it is not just building infrastructure connectivity, but also bringing with it both economic and social development leading to both Ease of

Doing Business and Ease of Living.

She said that under PM GatiShakti a spatial / area based holistic development approach is being adopted to saturate influence areas around critical project locations / industrial clusters / tourist sites / social sector assets. Assessment of connectivity infrastructure requirements to integrate manufacturing value chain; logistics facilities, social sector institutions such as schools and hospitals; skilling centres is done at the planning stage and spatial plans are developed accordingly

During further discussions among the stakeholders Special Secretary (Logistics) also presented GoI’s other digital initiatives in the logistics sector namely, the Unified Logistics Interface Platform (ULIP) and Logistics Data Bank (LDB), as effective measures for trade facilitation and ease of logistics through its various functionalities such as track and trace of cargo; authentication of service providers; digital document generation and exchange. Thereby enabling ease of doing business and attracting Private sector investments. GoI’s ongoing efforts towards development of industrial corridors, and activation zones and individual nodes / clusters along them; adequate trunk and utility network and streamlining clearances through inter-Ministerial coordination, is de-risking investments for the private sector

T h e P M G a t i S h a k t i a p p r o a c h f o r s p a t i a l transformation / area-based comprehensive planning of logistics and infrastructure development is building Next Generation Infrastructure and promoting Ease of Living and Ease of Doing Business in the country India’s indigenously developed GIS-based technology was offered through knowledge sharing to ADB and SASEC countries, for enhancing socio-economic planning, and regional cooperation.

m.v. “OOCL GENOA” V-065

The above vessel is arriving at GTI on 11/09/2023 with Import Cargo in containers.

232 GOSUXIA8337348

233 GOSUXIA8337380

234 GOSUXIA8337477

235 GOSUXIA8337773

236 GOSUXIA8337814

237 GOSUXIA8337822

238 GOSUXIA8337824

239 GOSUXIA8337834

240 GOSUXIA8337850

241 GOSUXNG1021336

242 GOSUXNG1171502

243 GOSUXNG1171503

244 GOSUXNG1171583

245 GOSUXNG1171584

246 GOSUXNG1303315

247 GOSUXNG1303316

248 GOSUXNG1303327

249 GOSUXNG1684812

250 GOSUXNG1830198

251 GOSUXNG1830264

252 GOSUXNG1830274

253 GOSUXNG1830285

GOSUXNG1830313

KGNSA2308583

KGNSA2308584

271 ARCSGN15082023 272 ARCSGN16082023 273 ARCSGN17082023 274 ARCSGN18082023 275 GOSUGZH0325030

SHKGH0506198

GOSUSIN8140291

GOSUSIN8140292 279 GOSUDAL874596 280 GOSUXNG1830254 281 GOSUXNG1830310 282 GOSUSHH31087297 283 GOSUXIA8337379

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

If there is any delay in CY-CFS movement due to port congestion Line/Agent are not responsible for the same. Consignees will please note that the Carriers and/or their Agents are not bound to send Individual Notifications regarding the arrival of the vessel or the goods.

For detailed information on cargo availability please contact our office.

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

Container Movement to : OCEAN GATE CONTAINER TERMINAL PVT. LTD.

As Agents :

IAPH World Ports Tracker Q2 2023: more port calls with less cargo, truck driver shortages appear; overall liner trade connectivity improves

O : I A P H h a s released its fifth edition of the World Ports Tracker for quarter 2 of 2023, which contains the most comprehensive situation report on economic activity by ports themselves, as well as by using S&P Global container market intelligence data and now UNCTAD-MDST’s liner shipping connectivity index, both on container trade trends.

IAPH Managing Director Patrick Verhoeven commented : “Professors Theo Notteboom and Thanos Pallis have delivered once more their highly useful insight tool, which has been designed for IAPH port members to read between the data lines on what has happened, what can be expected and which measures they should look at taking to ensure they adapt to market changes. We will now switch the reporting to a half-yearly basis to maximise the number of members involved in reporting survey data, as well as adding annual survey questions for the year-end report on investment p l a n s i n i n f r a s t r u c t u r e a n d sustainability, terminal expansions and land use.”

stable compared to Q4 2022, while this share decreased from 49% to 32% for ferry calls The share of ports foreseeing growth in cruise passenger movements in the next twelve months has declined slightly from 77% in March 2023 to 68% in September 2023.

On a year-on-year basis, port productivity in Q2 2023 increased in five of the nine world regions. The most substantial growth in average port moves per hour was recorded in North America (+29% compared to Q2 of 2022), followed by North East Asia (+20%), Africa (+10%) and North Europe (+9%).

M e d i t e r r a n e a n S e a .

The LSCI improved to a lesser extent in North East Asia and North America. Some internal shifts are present in North Europe, the region where changes occur at a slower pace In Oceania and the Pacific, LSCI improvements were marginal.

The second quarter of 2023 brought a sharp increase in the number of cargo vessel calls in all port regions compared to Q2 2022. However, on a year-on-year basis, the average call sizes show strong declines in all port regions.

Co -author Professor Theo N o t t e b o o m c o m m e n t e d : “Ports around the world are, on average, less optimistic than half a year ago about the expected cargo traffic evolution in the next twelve months. This is particularly the case in North America and North Europe, where about two thirds of the respondents see TEU volumes stagnating or even slightly declining over the next twelve months.”

In the passenger markets, the share of ports reporting an increase in cruise vessel calls remained fairly

This fifth edition of the World Ports Tracker, for the first time, incorporates UNCTAD data on the Liner Shipping Connectivity Index (LSCI). The LSCI aims to capture the level of integration into the existing liner shipping network b y m e a s u r i n g l i n e r s h i p p i n g connectivity It can be calculated at the country and the port level. LSCI can be considered a proxy for accessibility to global trade through the container shipping network The higher the index, the easier it is to access a high capacity and frequency global maritime containerised freight transport system and effectively participate in international trade, especially for manufactured goods.

The country or port that received the highest score in the reference year of 2006 is assigned a value of 100, which serves as a benchmark to assign value to other ports and countries.

The comparison of LSCI in Q2 2023 with the same period of 2022 illustrates the significant changes that took place during the last year in sub-Saharan Africa, where new countries are emerging among the best-connected o n e s i n t h e r e g i o n , a n d t h e considerable (i.e., double-digit percentage) LSCI improvements that

, in Latin America and the Caribbean,

The situation further improved for intermodal container transport by rail and barge, while the share of ports facing delays in trucking in Q2 2023 remains at single-digit figures However, the situation in terms of the availability of truck drivers shows a major deterioration when compared to Q4 2022.

Co-author Professor Thanos Pallis commented : “About 45% of all responding ports now report truck driver availability issues compared to 29% in Q4 2022. The figure now even surpasses the 37% figure recorded in Q3 2022 and the 40% figure of Q2 2022. Sub-Saharan Africa is the only region where truck driver availability concerns are minor. In Southeast Asia & O c e a n i a t h r e e q u a r t e r s o f responding ports point to some level of trucker shortage.”

In terms of inland storage capacity, there is a general improvement overall i n s t o r a g e a v a i l a b i l i t y f o r containerised cargo The survey results show 25% of ports reporting an increase or major increase in the utilisation of warehousing and distribution facilities for containerised goods, and a further 5% reported minor increases.

FFFAI meets Revenue Secretary, Ministry of Finance to discuss on Trade Facilitation measures

Cont’d. from Pg. 3

The delegation also included Chairman Elect M

n i , V i c e C h a i r m e n Mr. Rajesh Verma and Mr. Amit Kamat, Hony. Secretary Mr. Vinod Sharma, Hony. Treasurer M r . S u d h i r A g g a r w a l a n d A d v i s o r Mr. S. Ramakrishna. According to Mr Shinde, the discussions were very progressive which was focussed on improvement of processes in Customs Clearance and Logistics. Several Trade Facilitation measures which can improve the timelines for Clearances were also discussed.

The FFFAI Chairman further informed that the Federation would collaborate with the Ministry of Finance in initiating research studies to achieve EODB (Ease of Doing Business) and LPI (Logistics Performance Index) ranking. FFFAI also reiterated its full support to the CBIC, Ministry of Finance, Government of India in all its endeavours.

“FFFAI is committed to extend its support and contribution to the Government in achieving the $5 trillion economy by 2025. Logistics has a pivotal role to play in this regard and the Government of India collaborating with the logistics industry professionals will have to continue strengthening the trade facilitation measures through developing world standard infrastructure and formulating

conducive policies for fast, smooth and end to end logistics operations We have witnessed a significant jump (6 ranks) in the World Bank Logistics Performance Index-2023. We are confident that the collaborative approach would position the country on the top rank in the near future,” stated Mr Shinde He observed that FFFAI is highly satisfied as the interactionsheldwiththe Revenue Secretarywere very encouraging from the perspective of facilitating the export-importtradeintheCountry.

FFFAI would be jointly working with Ministry of Finance in framing research study which would be measured and monitored in achieving goals towards trade facilitation in International exportimport trade, this would not only result in transaction cost saving or reducing dwell time but would also benefit the country by saving forex reserves outflow which is being collected in form of detention charges by foreign shipping lines due to delay in clearances. The study would be reviewed from time to time across the country to recommend policy changes

Mr. Malhotra extended its full support from Government of India to accomplish Governments endeavour in the journey of achieving 3rd largest economy in the world and adopt best practices to have leadership position.

Adani Ports justifies move to levy extra costs from CFS operators at Hazira

SURAT: Adani Hazira Port Pvt Ltd (HPPL), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), has justified its move to levy extra charges from container freight station (CFS) operators at the port located in Gujarat, saying it was aimed at recovering the rising costs associated with multiple shifting of containers triggered by higher volumes and more CFSs starting operations.

In the current fiscal, the monthly container volumes at Hazira Port, according to APSEZ, have increased from 52,000 twenty-foot equivalent units (TEUs) to 70,000 plus TEUs.

“Tocatertotheenhancednumberof direct port delivery (DPD) customers and faster delivery of cargo, the port is facing challenges in providing separate stacking yards to the respective CFS’s Further the number of CFS’s in Hazira region has increased, putting more pressure on the already stretched c a p a c i t y o f t h e p o r t T h e s e developments have led to multiple shifting of containers, adding to the cost ofhandling.Theporthastodeploymore equipment, manpower to meet the r e q u i r e m e n t s o f t h e t r a d e .

The development of infrastructure in terms of additional stackyards has been

started in right earnest The enhanced cost of delivering cargo to CFS’s has been levied through this advisory,” Adani Hazira Port said in a 6 September communication to the Container Freight Stations Association of India (CFSAI), which has demanded a roll backoftheextralevy.

In a 25 August Customer Advisory, Adani Hazira Port said it will collect extra charges of Rs2,500 for a 20 ft container and Rs4,000 for 40 ft and 45 ft boxes from CFS operators when import loaded containers are taken to a CFS as nominated by the shipping lines.

The World Bank and the Central Board of Indirect Taxes and Customs (CBIC) have identified the present model of CFS’s as the main reason for the higher cost.

“This model is not only adding significant cost but also increasing the detention time of cargo in the CFS’s and both these factors lead to higher transaction costs in India,” the p o r t o p e r a t o r w r o t e i n t h e communication.

To align with the Gol and CBIC initiatives, Hazira Port has adopted Direct Port Delivery and Direct Port Entry initiatives.

Currently, 18 percent of the import

cargo at Hazira Port is cleared under the DPD model compared to some 65 percent at Jawaharlal Nehru Port near Mumbai.

“The unproductive shifting of container cargo from one custom bonded area to another custom bonded area adds no value to the trade but solely increases the transaction costs. To overcome this, initiatives like DPD and DPE need to be promoted through world class port infrastructure, state of art scanners and on-dock facilities,” Adani Hazira Port said.

Wi t h H a z i r a Po r t c l o c k i n g significant growth in container cargo volumes along with DPD volumes during the current fiscal, “the port intends to aggressively pitch to significantly increase DPD and DPE share to provide economic benefits to the trade”.

“Now, as the ports are geared up to meet all the requirements of regulatory agencies and trade within the port area, it’s high time that greater focus is given to DPD and DPE,” Adani Hazira Port said, adding that these initiatives along with the requisite infrastructure will help in reducing cost for the export-import trade.

Drewry: World Container Index down 3.4% last week

LONDON: Drewry’s composite World Container Index decreased by 3.4% to $1,680.73 per 40ft container last week.

Drewry’s detailed assessment for Thursday, 07 September 2023

• The composite index has decreased by 3.4% to $1,680.73 last week, and has dropped by 68.8% when compared with the same week last year.

• The latest Drewry WCI composite index of $1,680.73 per 40-foot container is now 84% below the peak of $10,377 reached in September 2021. It is 37% lower than the 10-year average of $2,681, indicating a return to more normal prices, but remains 18% higher than average 2019 (pre-pandemic) rates of $1,420.

• The average composite index for the year-todate is $1,769 per 40ft container, which is $912 lower

than the 10-year average ($2,681 mentioned above).

• The composite index decreased by 3.4% to $1,680.73 per 40ft container and is 68.8% lower than the same week in 2022. Freight Rates on Shanghai –Rotterdam dropped 10% or $166 to $1,449 per 40ft container Similarly, spot rates from Shanghai – Genoa also declined 7% or $150 to reach $1,888 per feu. Rates on Rotterdam – Shanghai diminished 3% or $16 and stood at $500 per 40ft box. Likewise, rates from New York – Rotterdam and Shanghai – New York inched down by 2% to $739 and 1% to $3,398 per 40ft container respectively. Conversely rates on Shanghai – Los Angeles increased by 2% or $37 to $2,254 per feu. Moreover, spot rates from Los Angeles – Shanghai and Rotterdam – New York remained static at the previous week’s level. Drewry expects East-West spot rates to remain stable in the next few weeks.

FIT Alliance launches eBL declaration to secure commitment to digitalisation

AMSTERDAM: BIMCO, DCSA, FIATA, ICC, and Swift (The FIT A l l i a n c e ) h a v e l a u n c h e d t h e “Declaration of the electronic Bill of Lading” as the adoption of eBLs can help make international trade more efficient, reliable, sustainable, and secure. The aim of the declaration is to secure commitment from all stakeholders in international trade to collaborate on driving digitalisation, starting with eBLs, within their industries.

Every year, ocean carriers issue around 45 million bills of lading, one of the most important trade documents i n s h i p p i n g . C u r r e n t l y, m a n y international shipping documents are not standardised, and the majority are still paper based, requiring p h y s i c a l h a n d - o f f b e t w e e n participants. The adoption of eBLs will enable the trade industry to benefit from faster transactions, cost savings (e.g. reduced administrative cost of cargo holding and document processing), and lowered fraud risks ( t h r o u g h t h e u s e o f d i g i t a l authentication systems).

In 2022, only 2.1% of bills of lading and waybills in the container trade were electronic. This is despite the fact that end-to-end digitalisation of

trade documentation, starting with e B L , w i l l c u t c o s t s , m a k e international trade more efficient, reliable, secure, sustainable and less susceptible to illegal activity or fraud. In the dry bulk sector there are some encouraging signs of growth. Four of the world’s largest mining companies are already carrying around 20% of their iron ore shipments on eBLs

A McKinsey study estimates that if eBL achieved 100% adoption in the container sector alone, it could unlock $30-40 bn in global trade growth by reducing trade friction in the container trade alone. It could also help save 28,000 trees per year, equivalent to around 39 football fields of forest, and significantly reduce carbon emissions by eliminating paper.

“A universal eBL will benefit all stakeholders involved in the global supply chain whether in bulk shipping or container shipping. Achieving widespread adoption of a standardsbased eBL will benefit not only the shipping industry, but also the global movement of goods, at a time when s u p p l y c h a i n r e s i l i e n c e i s challenged,” the FIT Alliance says in a common statement, adding:

“This declaration is a significant

symbol of our joint dedication to shape the future of shipping. Transforming document exchange through a globally applicable eBL will accelerate trade digitalisation to the benefit customers, banks, customs, government authorities, providers of ocean shipping services and all other stakeholders.”

As many of the technical and legal obstacles to universal eBL are already being addressed, a clear commitment to digitalisation from everyone involved in international trade is a crucial next step. By signing the FIT Alliance eBL Declaration, all stakeholders can publicly signal their readiness for change and their commitment to collaborate to drive digitalisation within their industries.

The FIT Alliance was formed in 2022 by BIMCO, the Digital Container Shipping Association (DCSA), the International Federation of Freight Forwarders Associations (FIATA), the International Chamber of Commerce (ICC), and the Society for Worldwide Interbank Financial Te l e c o m m u n i c a t i o n s ( S w i f t ) In forming the alliance, the groups have united behind the mission to standardise the digitalisation of international trade.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

VESSELS IN PORT & DUE FOR EXPORT

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

SHIPS READY FOR BERTH

LIQUID CARGO VESSELS

(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)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

CONTAINER

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

HAZIRA PORT (As on 05-09-2023)

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSICT

India Sets Sail Towards Maritime Excellence: GMIS 2023 Roadshow Illuminates Path to Sustainable Growth

M U M B A I : D r i v i n g P M M o d i ’ s v i s i o n o f a collaborative, cooperative and sustainable maritime ecosystem, the Ministry of Ports, Shipping, and Waterways (MoPSW), in collaboration with DG Shipping, and the Shipping Corporation of India (SCI), orchestrated second hybrid roadshow in Mumbai, on 6th September 2023 at Shipping House, Mumbai Shri Shantanu Thakur, Hon'ble Minister of State MoPSW was the Chief Guest and Dr Sanjeev Ranjan, Chairman, National Shipping Board was the Guest of Honour of the event.

The event witnessed presence of esteemed dignitaries including Mr. Rajiv Jalota, IAS Chairman, Mumbai Port Authority; Shri

B h u s h a n K u m a r, J o i n t Secretary, Sagarmala & PPP, MoPSW; Capt. Binesh Kumar

T y a g i , C h a i r m a n a n d Managing Director, Shipping

C o r p o r a t i o n o f I n d i a , Capt. Abul K alam Azad, Principal Ofcer, Mercantile Marine Department, Mumbai, Mr Dhruv Kotak, MD JM Baxi Group, Shri Ash Mohamad, Deputy Director General of Shipping.

Anchored by the DG Shipping and Shipping Corporation of India, the hybrid Roadshow drew participation of industry pioneers and government dignitaries that sparked discussions cantered around pivotal opportunities within the Indian Maritime industry, building up the narrative of 3rd Global Maritime India Summit (GMIS) 2023. Almost 40 ships owned and

Up till now the summit has secured participation from all major 12 ports, 10 Allied organisations of Ministry and 51 leading private organisations. The summit has also officially signed Kerala as the Partner state for this momentous event.

managed by SCI plying across various national and international maritime routes were also connected live with the roadshow through virtual link. The roadshow was attended by around 2,500 participants – present physically and connected virtually. As a precursor to the 3rd Global Maritime India Summit (GMIS) 2023, the roadshow also brought together government dignitaries, industry leaders, stakeholders, and enthusiasts from the maritime industry. GMIS 2023 is set to bolster India's standing as a global maritime leader, with FICCI as its exclusive industry partner.

During the event, Shri Sarbananda Sonowal, Hon'ble Minister of Ports, Shipping & Waterways (MoPSW), and AYUSH, delivered a special video message, emphasizing the government’s vision and commitment to realizing India's maritime potential. He further stated, “GMIS 2023 exemplifies the government's cultural affinity and our collective ambition to transform our national vision into a thriving reality.”

Shri Shantanu Thakur, Minister of State for Ports, Shipping and Waterways in his v i d e o m e s s a g e s t a t e d t h a t “ o u r v o y a g e t o w a r d s a d v a n c e m e n t h a s b e e n characterized by the adoption of technological innovations, the elevation of infrastr ucture standards, the augmentation of operational efficacy, and the cultivation of an environment conducive to business growth.”

He further added that, “as India continues to evolve as a global player its maritime capabilities become even more crucial for projecting influence, participating in international negotiations, and responding to regional challenges effectively. To become a leading maritime power, we must also foster collaboration, embrace innovation, and leverage technology. We must continue to build robust infrastructure, invest in skill development, and create a conducive environment that encourages entrepreneurship and investment”. Cont’d. Pg. 29

India Sets Sail Towards Maritime Excellence: GMIS 2023 Roadshow Illuminates Path to Sustainable Growth

welcomed the audience for the 2nd Roadshow by D G Shipping and SCI. He stated that these roadshows not only showcase the robustness of the Indian economy but also underscore our unwavering commitment to enhancing trade, connectivity, and the cohesion of the maritime sector

Through a detailed presentation, Shri Bhushan Kumar, Joint Secretary, Sagarmala & PPP, MoPSW spotlighted the progress made by the Indian maritime sector, sharing insights on the projects that will accelerate the growth of maritime ecosystem He informed that GMIS 2023 will be the biggest event of maritime industry in the country He acknowledged the contribution of

stakeholder, which has led to exponential growth in the

exhibited by our participants, we are truly excited by the enthusiasm and anticipate an even greater surge in momentum leading up to GMIS 2023," shared Capt. Binesh Kumar Tyagi, Chairman and MD, the Shipping Corporation of India. He also expressed heartfelt appreciation to the valued business partners and stakeholders, acknowledging their pivotal role in propelling growth within the Indian maritime sector

Capt. Abul Kalam Azad, PO, MMD, Mumbai speaking during the event said that we as an Indian need to generate, conserve and contribute resources. The country needs to be maritime innovation hub We need to enhance our capacity by way of skill of seafarers, by way of acquisition of tonnage, higher port capacity to handle cargo of different dimensions, use of green powered technology and supply of services.

informed that the Government policies are being devised to give transformative reforms for development of infrastructure in maritime sector The effort taken by Government is getting recognized and has boosted the global competitive position of India. He also announced the registration for the “Maritime Excellence Achievers Award” for recognizing and encouraging best practices

Shri Dhruv Kotak, MD JM Baxi Group stressed on active participation of all stakeholders to develop the Indian shipping sector both in Ports and other ancillary areas of shipping. He appreciated the various initiatives of the Govt taken for the development of maritime eco-system and persuaded the stakeholders for taking

across various categories has been opened online and the last date for applying is 15th September 2023. He urged the industry to participate in the GMIS 2023 in large numbers.

Dr. Sanjeev Ranjan, Chairman, National Shipping Board stated, “We stand at the cusp of transformational era in the maritime sector, propelled by cutting-edge technology and innovation. GMIS 2023 offers us a golden opportunity to propel infrastructure development, nurture skill and environmental progress, and foster entrepreneurship and investment nationwide Our steadfast commitment to green fuel adoption and sustainable practices remains unwavering as we chart the course for the future."

Shri Rajiv Jalota, IAS, Chairman, Mumbai Port Authority speaking during the event stated that “India is growing very fast and have crossed 3.75 trillion Dollar mark. He encouraged the stakeholders for G to B and B to B MoUs during the summit. The signing of MoU will bring more innovations and give more traction to the business in maritime sector”.

"Through this roadshow and the remarkable interest

part in the summit. He stated that GMIS 2023 will provide huge opportunity not only for Indian but the global maritime industry to know about the phenomenal potential that India offers for investing in different types of ships, shipbuilding, cruise, tourism and shipping ancillary industry.

Shri Ash Mohomad, Deputy Director General of Shipping recited a self-composed poem highlighting various opportunities which the Global Maritime India Summit 2023 will provide to Indian Maritime Sector The poem became an attraction for the people attending the Road Show Through his poetic message Shri Ash Mohomad encouraged the stakeholders for active participation in the GMIS 23 in the form of attendance in various sessions, putting the stall and exhibitions in the summit.

The FICCI team led by Shri Deepak Mukhi, Director also made a presentation on Registration, Exhibition and sponsorship for GMIS 23. He urged the stakeholders to book space for exhibition at earliest as the prominent spaces is in exhibition hall were fast running out.