MUM-11-10-2023

India unveils system based Automatic ‘Status Holder’ Certicates under Foreign Trade Policy 2023

NEW DELHI: In a meeting with the Export Promotion Councils, the Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles Shri Piyush Goyal unveiled a significant initiative to issue system based automatic ‘Status Holder’ certificates under the Foreign Trade Policy (FTP) 2023. Now the exporter will not be required to apply to the office of Directorate General of Foreign Trade (DGFT) for a Status Certificate and the export recognition will be provided by the IT system based on available Directorate General of Commercial Intelligence and Statistics (DGCIS) merchandise export electronic data and other risk parameters.

This perspective is a paradigm shift in doing things as it

Chabahar Port may turn profitable by fiscal year end: Sarbananda Sonowal Mulling for Phase-II of investments

MUMBAI: India is exploring further investments into the Shahid Behesti Terminal at the Chabahar Port in Iran, as part of the Phase 2 of the expansion plans there. Investments are to be explored through the PPP –route and existing operations at the port is “most likely to turn profitable by the end of this fiscal,” Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said. Cont’d. Pg. 15

not only reduces compliance burden and promotes ease of doing business but also recognizes the need and importance of collaboration within the Government At present, the exporter is required to file an online application along with an export certificate from a Chartered Accountant for grant of Status. The DGFT Regional Offices, as per the laid down timelines are supposed to issue the certificate in 3 days. The new arrangement will lead to a simplified regime where no applications are invited from exporters and the certification is granted every year in August based on annual export figures available with the partner government agency i.e. DGCIS.

NEW DELHI: In response to the commencement of operations from the Gujarat International Finance Tec-City (GIFT City), India’s first International Financial Services Centre (IFSC) under the Special Economic Zone Act, the Indian Government has made alterations to the priority sequencing of the right of first refusal (RoFR) policy This change has become necessary to accommodate a new category of fleet owners and address the evolving dynamics of India’s maritime industry.

Government amends RoFR Policy to accommodate New Fleet Owners as IFSC Tonnage operations begin Cont’d. Pg. 15

TRANSHIPMENT AT COLOMBO TRANSHIPMENT AT PORT KLANG WEST

TRANSHIPMENT AT SINGAPORE

CMA CGM Group join forces to address the growing needs of decarbonized and efficient logistics with an all-new generation of electric vans

Software Defined Vehicle architecture, offering unprecedent experience to connect in open source the vehicle to the logistic business environment.

BOULOGNE-BILLANCOURT/MARSEILLE:

Renault Group and Volvo Group join forces to address the growing needs of decarbonized and efficient logistics by creating a new company managing the development of an all-new generation of electric vans. The two groups look forward to CMA CGM joining the new company. Renault and Volvo will continue to seek additional investment and business partners. Unrivalled performance and range of services thanks to high connectivity

Adopting the new Software Defined Vehicle architecture, the vehicle will onboard unprecedent capabilities to monitor the delivery activity and user business performance, reducing by 30% the global cost of usage for the logistic players. The connected services1 enabled by the software defined vehicle technology will offer to the customers up to date vehicles all lifelong. The van itself will offer outstanding compacity for urban mobility, high polyvalence for tailor made solutions, different battery capacities with unprecedent 800V feature for vans.

Creation of a market maker: agility of a new company combined with robust business plan and expertise of three champions

The new company will be fully independent, combining the agility of a start-up with the strong backbone of its industry-leading partners. Renault Group and Volvo Group aim to share investments in research and development and bring benefit of existing know-how, services, and industrial footprint to the new planned company. With smart capital allocations through the champions in each field, the new company will be based on a solid and efficient business model.

As a global champion of Light Commercial Vehicle and innovative leader in electric vehicle, Renault Group will bring the know how to develop and manufacture at scale the electric platform that will onboard its first

Volvo Group is a global leader in trucks with a strong customer base of professional logistic companies, a global service network, and a wide experience in uptime and productivity services Such services will, in combination with the innovative vehicle platform, contribute to a full solution for decarbonized urban logistics.

As a global player on all segments of the supply chain, CMA CGM intends to assist the new company in building appropriate solutions that can fit all transport and supply chain player’s needs, based on end-to-end efficient solutions.

“As a leader in transport and logistics, the CMA CGM Group is proud to join forces with a major European carmaker and a leading global truck maker, Renault Group and Volvo Group, to create this new company of electric vans. This is a comprehensive and innovative partnership: not only are we investing in this project, but we will also bring our know-how and expertise to ensure inbound and outbound logistics, while some of these vehicles could ultimately be used to decarbonize our fleet. Through this new investment by our PULSE Fund in electric mobility, we are pursuing our commitment to accelerate the decarbonization of our activity and our sector,” says Rodolphe Saadé, Chairman and CEO of the CMA CGM Group.

The joint venture is scheduled to start operations early 2024, depending on the completion of all regulatory approval processes. The subsequent entry of CMA CGM in the company is equally subject to the completion of regulatory approval process.

The future company is planned to operate under its own corporate identity and will be based in France. Volvo Group, through its business area Renault Trucks, and Renault Group have been working together on light commercial vehicles for more than 35 years, materialized by the distribution in both networks of the Renault Master and Trafic commercial vehicles.

APM Terminals eyes half-way point in renewable electricity goal

THE HAGUE: The news that APM Terminals has reached 40% in its ambition to run all global terminals on renewable electricity earned the global operator recognition in industry press recently The announcement, however, was a “modest calculation”, according to the company’s Head of Decarbonisation, Sahar Rashidbeigi.

Commenting that there is ‘still more to come’, Rashidbeigi said her team has several projects that will kick in the coming months.

Last year, the company announced its ambition to be fully carbon neutral by 2040. To get there, it will focus on equipment electrification, energy optimisation, and the sourcing of 100% renewable electricity such as solar energy.

Renewing the numbers

The recent announcement by CEO Keith Svendsen that ~40% of all consumed electricity in the company’s terminals globally now comes from renewable sources was made during a ceremony to mark the call of the world’s first methanol-powered container vessel at APM Terminals’ flagship Maasvlakte II terminal in Rotterdam.

That 40% figure represents an almost four-fold increase in the use of renewable electricity for the company, from 11% in 2020. However, as impressive as they are, these numbers do not yet include the impact of recent moves by the company, such as those in India and Bahrain.

Solar, so good

At Gateway Terminals India Pvt. Ltd (GTI), also known as APM Terminals Mumbai, a “significant” partnership with 02 Power could generate a momentous result. The captive solar plant – with a capacity to generate 22 million kWh of electricity annually – could meet 80% of the terminal’s electricity requirements through a power purchase agreement. This would reduce the terminal’s carbon footprint by 44% (15,092 CO2t).

In Bahrain, where APM Terminals is the operator of the Khalifa Bin Salman Port, the company recently announced the launch of a solar power project which will make the port energy self-sufficient – the first seaport in the region to do so. By implementing the USD 10 million project, the terminal will reduce its carbon emissions by 65%.

Signicant impact

The importance of acceleration in renewables for the terminal company comes from the fact that a significant share – approximately 40% – of its emissions arise from purchased electricity (so called Scope 2 emissions) And as the company continues to retrofit and replace equipment that runs on traditional fossil fuels with electric equipment, demand for renewable electricity will increase significantly

“Diminishing our reliance on purchased electricity –to the point of zero – will exponentially advance our overall target of net zero by 2040,” adds Rashidbeigi.

NOTICE TO CONSIGNEES

“KMTC DUBAI” (ZIM VOY KM8 30E) I.G.M. 2357174

TION

The above vessel is arriving at BMCT on 12/10/2023 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. LTD.

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.

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

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

TO

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

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

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

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.

Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

ICC Line Neptune UAE & Upper Gulf Ports.

Ceekay Parekh Gulf Ports.

Team Leader Team Leader Dubai, Jebel Ali

Team Lines Team Global Log. Gulf Ports.

21/1022/10

TBATBA Safeen Power 058W

18/1019/10 17/10 0700 Tessa (GTI) 2301W P1446 282443-05/10

24/1025/10 TBATBA RDO Favour(GTI) 02341W P1459

16/1017/10 TBATBA MSC Sabrina JU341R

24/10 25/10 TBA 0700 MSC Maria Laura II JU342R

PoseidonShpg. Jebel Ali, Bandar Abbas.

Shpg. Aiyer Shpg. Jebel Ali.

Cordelia Cont. West Asia Gulf Ports.

Fdrs. Samsara Sharjah, Khalifa, Bahrain, Dammam, Umm Qasr, Ajman,

CFS

Yang Ming Yang Ming(I) Umm Al Quwain, Ras Al Khaima. (UIG) Contl.War.Corpn

Emirates Emirates Shpg. Jebel Ali, Dannanm, Sohar. (West Bound)

RCL/CUL Line RCL/Seahorse

MSC MSC Agency Sohar, Jebel Ali, Abu Dhabi, Dammam, Umm Qasr(UGE) Hind Terminal

COASTAL SERVICE MOVEMENT

TO

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

016E P1405 282160-03/10 Evergreen Evergreen Shpg. P.Kelang, Tanjun, Pelepas, Singapore, Xingang, Balmer Law. CFS Dron.

23/1024/10 TBATBA One Matrix 083E

30/1031/10 TBATBA Ever Eagle 175E

06/1107/11 TBATBA Celsius Naples 898E

20/1121/11 TBATBA Ever Excel 170E

27/1128/11 TBATBA Ever Ethic 164E

CISC Service

UnifeederUnifeeder Qingdao, Shanghai, Ningbo. Dronagiri

PIL/ONE PIL India/One(I) —/—

Hapag ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS

KMTC KMTC (I)

TS Lines TS Lines (I)

P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3

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

HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

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

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

PORTS from GTI

TBATBA X-Press Bardsey 23009E

RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service)

HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS

16/1017/10 15/10 2200 Seamax Stratford 125E P1435 282406-05/10 OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo, GDL/Dron-1

23/1024/10 TBATBA Zim Shanghai 10E APL CMA CGM Ag.

30/1031/10 TBATBA OOCL Genoa 066E ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.

13/1114/11 TBATBA Aka Bhum 017E COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.

(CIX-3)

Gold Star Star Ship Singapore, Hong Kong, Shanghai.

Dron.-3 & Mul.

Dron.-3 & Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

ANL CMA CGM Ag. Port Kelang, Singapore

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

In Port 11/10 X-Press Antares 23006E P1335 281652-24/09 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou

14/1015/10 14/10 1700 Kota Lumba 0106E P1387 282006-29/09

Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS

HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS

16/1117/11 TBATBA Wan Hai 513 E088 CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.

14/1016/10 14/10 0500 KMTC Delhi 2306E P1381 281963-28/09 KMTC KMTC (India) Port Kelang(W), Hongkong, Qingdao, Kwangyang, Dronagiri-3

23/1024/10 TBATBA KMTC Colombo 2306E P1453 282530-06/10 TS Lines TS Lines (I) Pusan, Ningbo, Shekou, Singapore. Dronagiri-2

02/1103/11 TBATBA Ian H 02349E COSCO COSCO Shpg. (AIS SERVICE) 08/1109/11 TBATBA Zhong Gu Ji Nan 23004E Emirates Emirates Shpg. Port Kelang, Hongkong, Qingdao, Kwangyang, Pusan,Ningbo, Shekou,

Port Kelang, Haophong, Nansha, Shekou.

28/1029/10 TBATBA Kota Loceng 141E

05/1106/11 TBATBA Zhong Gu Chang Chun 2342E

12/1113/11 TBATBA Ever Ulysses 155E

CU Lines Seahorse Ship (RWA / CIX 4)

Evergreen Evergreen Shpg. BalmerLaw.CFSDron.

InterasiaInterasia

19/1120/11 TBATBA Synergy Keelung 008E Emirates Emirates Shpg.

16/1017/10 TBATBA MSC Katie GA341R P1409 282152-03/10 MSC MSC Agency Port kelang, Singapore, Tanjung Pelepas, Laem Chabang, Hind Terminal

MSC Ravenna GA342R Vung Tau, Da Chan Bay, Shekou (SETOSA SHIKRA) 22/1023/10 TBATBA Seamax Westport 090E P1429 282262-04/10 COSCO COSCO Shpg. Singapore, Hongkong, Shanghai, Ningbo, Shekou,

TBATBA COSCO Thailand 096E

& Mul (CI 1)

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

OOCL(I)/RCL Ag. GDL/— CU Lines Seahorse Ship Singapore, Shanghai, Ningbo, Hongkong, Taichung, Kaohsiung.

TO

FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

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

TO

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

Kingston, Veracruz, Jacksonville, Charleston.

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

16/1017/10 Morning Courier(Bah) 169 Eukor Car Carr Parekh Marine Pyungtaek.

17/1020/10 Parandowski 61 1073271-15/09 Chipolbrok Samsara Shpg. Singapore, Kaohsiung, Shanghai.

19/1020/10 Alliance Norfolk 132 1073412-18/09 Hoegh Autoliners Merchant Shpg. Durban, Dakar, Dar Es Salaam, Maputo, Mombasa-T/S at Durban Abidjan, Lagos, Luanda & Other Ports in West Africa T/S at Dakar

NOTICE TO CONSIGNEES

m.v “GLOBAL MERMAID” V-040 I.G.M. NO. 2357169 DTD : 10/10/2023

The above vessel is arriving at MUMBAI on 15/10/2023 with import cargo.

Consignees expecting import cargoes on the captioned vessel are requested to present their ORIGINAL BILLS OF LADING duly discharged and obtain Delivery Orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignee’s risks and costs.

“Stamp duty” is payable as per the directive of the Superintendent of stamps.

Consignees will please note that the Carriers and/or their agents are not bound to send the individual notifications regarding the arrival of the vessel or their cargo.

Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the packing list to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the vessel/Owners/Agents will not be held responsible for the consequences arising thereof.

Consignees requiring steamer survey to be conducted for the goods discharge may contact the agents office for the same. The company’s Surveyors are M/S. AINDLEY MARINE PVT. LTD., 9 Kamanwala Chambers, 1st Floor, Sir P. M. Road, Fort, MUMBAI - 400001. Tel: +91-22-66359901/2/3 Email: ops@aindley.com and the usual survey conditions will apply

General Agent

NYK INDIA PVT. LTD.

Unit No 1205-1208 ,“Windfall”.12th Floor , Sahar Plaza Complex, Sir . Mathurdas.Vasanji Road , Andheri (EAST) Mumbai-400 059. Contact details: Board : +91 22- 46138181 Website www.nyklineindia.com

NOTICE TO CONSIGNEES “KMTC

ZIM INTEGRATED SHIPPING SERVICES

The above vessel is arriving at BMCT on 12/10/2023 with Import Cargo in containers.

515 GUA230456281

516 GUA230477874

517 ZIMUNYC9052876

518 ZIMUPFS0097497

519 ZIMUSJU0038698

Consignees are requested to obtain the 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 OCEANGATE CONTAINER TERMINAL PVT. LTD.

As Agents

Raheja Centre-Point, 3rd Floor, 294, C.S.T. Road, Near Mumbai University, Kalina, Santacruz (East), Mumbai - 400 098. Maharashtra,

India unveils system based Automatic ‘Status Holder’ Certicates under Foreign Trade Policy 2023

Cont’d. from Pg. 3

Exporters who are eligible for a higher status based on additional export data relating to services export, deemed exports or double weightage to some entities like MSME etc., which is not getting captured in disaggregated form presently, can apply online for a S t a t u s m o d i f i c a t i o n a l s o a t a later date.

The Status Holder certification program provides credibility to the Indian exporters in the international markets. In addition, it provides certain other privileges including simplified procedures under FTP 2023 and priority custom clearances on self-declaration basis, exemption from compulsory

negotiation of documents through banks, exemption from filing Bank Guarantee for FTP schemes etc. With the launch of this new s y s t e m , t h e D e p a r t m e n t o f Commerce, Ministry of Commerce and Industry will be recognizing about 20,000 exporters under FTP 2023 as Status Holders which will be a quantum jump from the earlier n u m b e r o f 1 2 , 5 1 8 e x p o r t e r s

The biggest increase in Status certification is seen in the 1 Star category, which is the lowest category and requires a export performance of at least US$ 3 Million in the last 3 preceding financial years plus the 3 months of the current financial year

This will enable the Government to hand hold a larger number of small exporting entities and create a vibrant export ecosystem and help reach our export target of US$ 2 Trillion by 2030

In line with digital India ethos, various e-initiatives have already been implemented where no manual examination or processing is required a n d v a r i o u s p e r m i s s i o n s / authorisations are issued under FTP 2023 based on a risk management system and self-declarations of the exporter including 24X7 online issue of Importer Exporter Code number (IEC), i s s u e a n d r e n e w a l o f A d v a n c e Authorisations.

Chabahar Port may turn protable by scal year end: Sarbananda Sonowal

Mulling for Phase-II of investments

Cont’d. from Pg. 3

According to the Minister, cargo handling at the port is “increasingly significant” which has led to its “commercial viability”.

“Numbers are significantly up over c o m p a r a t i v e p e r i o d l a s t y e a r Operations are commercial viable and if there is no black swan event, operations there should be profitable by the end of this year,” Sonowal said.

In fact, operations there, have exceeded target set for 2023.

For the current fiscal (AprilSeptember 2023) container cargo handling at the Shahid Beheshti Terminal was to the tune of 25,788 TEUs (twenty equivalent units); and 1 5 million tonne (mt) of bulk cargo has been handled. The target for 2023 was

13,282 TEUs at the Shahid Beheshti terminal. The cargo handling in 2022 was 3,096 TEUs.

Between 2018 and May 2023, bulk and general cargo traffic at Chabahar was 6.56 mt.

“Taking into view the commercial aspect of the port, as part of Phase 2, Public Private Partnerships are being explored,” the Minister said.

Chabahar ’s Shahid Beheshti terminal is India’s first overseas port investment and has a present capacity of handling 8 mt of cargo vessels. Post expansion, the final plan is to take capacityhandlingtoaround18mt

The port is expected to act as a strategic gateway connecting India to the Caspian Sea, Russia and Northern Europe.

Long term contract

Asked about the progress of the long term contract between India and Iran over operations at the terminal, Sonowal said: “Talks are progressing well; and are on track.”

Incidentally, the two countries are yet to sign a 10 year-long term contract. Current contracts are renewed every year

India has reportedly dropped a clause related to inter national arbitration, but there are some concerns on Iran which continues to be under US sanctions The sanctions s u p p o s e d l y h a s i m p a c t e d procurement of cranes and other equipment by India Ports Global Ltd (IPGL) – the state run entity incharge of operations there.

Government amends RoFR Policy to accommodate New Fleet Owners as IFSC Tonnage operations begin

Cont’d. from Pg. 3

The RoFR policy, a Governmentmandated cargo support initiative for domestic fleet owners, has undergone previous amendments, with the last revision dating back to January 2021. That update linked the RoFR policy to t h e ‘ M a k e i n I n d i a ’ i n i t i a t i v e , thereby promoting the demand for locally built ships.

The recent adjustments to the RoFR policy now prioritize the exercise of RoFR in the following manner:

1. First Priority: This will be accorded to Indian-built, Indianflagged, and Indian-owned ships Fo l l o w i n g c l o s e l y b e h i n d a r e Indian-built, Indian-flagged vessels that are owned by the Indian IFSC Authority

2 Second Priority: Foreign-built, Indian-flagged, and Indian-owned ships will be granted the second priority, followed by foreign-built, Indian-flagged vessels

owned by the Indian IFSC Authority.

3. Third Priority: The third priority goes to Indian-built, foreignflagged, and foreign-owned ships.

These changes were officially notified by the Directorate General of Shipping on October5,2023,withtheprimaryobjective of accommodating the interests of the emerging category of ship owners and bolstering national tonnage, according to Government officials

Under the RoFR rules, domestic shipping companies are granted the right to match the lowest rate offered by a foreign-flag vessel in tenders issued by state-run firms. However, if Indian shipping companies decline this opportunity, the cargo can then be carried by the foreign-flag ship that quoted the lowest rate.

It’s important to note that the RoFR policy comes into play only when the rate offered by Indian participants in a

tender falls within a 20 per cent range of the lowest bid provided by a foreign ship owner, aligning with the purchase price preference extended to Indian entities.

The RoFR rules initially introduced in January 2021 by the Directorate General of Shipping, India’s maritime regulator, already stipulated that Indian-built, Indian-flagged, and Indian-owned ships would be given top priority when state-owned firms and Government Departments floated t e n d e r s f o r s h i p h i r i n g , c a r g o transportation, dredging, and offshore oil exploration support services.

These amendments to the RoFR policy signify the government’s commitment to adapting to the changing landscape of India’s maritime industry and fostering an environment c o n d u c i v e t o t h e g r o w t h a n d diversification of the nation’s fleet ownership.

FIEO hails launch of automatic issuance Status Holder Certicate by DGFT

A major step towards reducing transaction cost and time, a step further in the direction of automation

NEW DELHI: DGFT

l a u n c h e d a u t o m a t i c issuance of Status Holder Certificate without any a p p l i c a t i o n a n d documents based on the details of shipment and e-BRC from banks online on October 9, 2023.

This is a major step towards reducing transaction cost and time and a step further in the direction of automation. Over 15000 exporters will be benefitted by this facility, who will get 1-Star to 5-Star recognition within real time basis. Dr A Sakthivel, President,

compliments to the Hon'ble Commerce & Industry Minister, Shri Piyush Goyal for this path breaking reform of automatic issuance of the Status Holders. This is icing on the cake of the digital initiative of DGF T, said President, FIEO and a path breaking reform indeed.

APSEZ : Record Quarterly Cargo, Revenue and EBITDA

AHMEDABAD: Adani

P

(“APSEZ”), announced its results for the first quarter ended 30 June 2023.

APSEZ delivered its strongest ever quarterly operating performance during Q1 FY24, with highest ever quarterly cargo volumes, revenue, EBITDA and around 200bps jump in

cargo volumes in all the three months of the quarter.

APSEZ transforming India’s port sector: With industry leading average turnaround time (TAT) for ships at ~0.7 days, APSEZ has been a benchmark for other Indian ports and have driven the improvement in the TAT of Major Ports from 5 days in 2011 to 2 days currently.

Guidance for FY24: Cargo volumes

• At Mundra, container capacity expansion of 0.8 MTEUs to be completed by Q3 FY24, and five new railway handling lines being added to augment the container handling capacity by 30%

• MMLP count to increase to 12 in FY24 with additions of Loni ICD, Valvada ICD, and commissioning of Virochannagar MMLP

• Cyclone Biparjoy made landfall on the evening of 15th June and from 17thJunetheMundraPortwasbackin operation,reflectingtheresilienceand preparedness of the port to withstand suchextremeweatherevents

Financial Highlights

• Consolidated operating revenue grew by 24% Y-o-Y to Rs 6,248 Cr

domestic market share, despite over 50% of the company’s total port capacity being adversely impacted for around 6 days due to the cyclone Biparjoy, said Mr. Karan Adani, CEO and Whole Time Director of Adani Ports and Special Economic Zone.

Our continuous efforts on improving operational efficiencies have resulted in domestic ports business EBITDA margin of 72% and logistics business EBITDA margin of 28%, which is higher than the reported margins of listed peers from India Our newly acquired assets, Haifa Port and Karaikal Port, have ramped up well with monthly cargo volumes now touching 1 MMT mark at the two ports With our cargo volumes crossing 100 MMT during the quarter, wearewelloncoursetoachieveourFY24 cargo volume guidance of 370-390 MMT” addedMr KaranAdani

Operational Milestones:

• APSEZ recorded its highest-ever quarterly port cargo volumes at 101.4 MMT in Q1 FY24, reflecting a healthy 12% Y-o-Y jump

• APSEZ’s domestic cargo volumes recorded 8% Y-o-Y increase, which is ~3x India’s cargo volume growth rate in the same period

• APSEZ’s market share in India increases to 26% in Q1 FY24, a jump of 200bps

• Mundra handled 1.72 Mn TEUs in Q1 FY24, which is 12% higher than its closest competitor

• Krishnapatnam Port recorded strong volumes by handling

expected at 370-390 MMT resulting in a revenue of Rs 24,000-25,000 Cr and EBITDA of Rs 14,500-15,000 Cr. Total capex during the year is expected to be Rs 4,000-4,500 Cr

KEY BUSINESS HIGHLIGHTS – Q1 FY24 (YoY)

Operational Highlights Ports Business

• Growth in cargo volume was led by containers (+15%), dry cargo (+10%) and liquids excl crude (+7%) The automobile segment, though a small proportion of overall volumes, saw an 54% jump in volumes

• The non-Mundra domestic ports volumes grew at 17% Y-o-Y while Mundra volumes were down 2% due to cyclone ‘Biparjoy’

• The share of non-Mundra domestic ports increased to 58% in the cargo basket from 53% during Q1 Fy23

Logistics Business

• Logistics rail volumes recorded a growth of 18% Y-o-Y to 131,420 TEUs

• GPWIS cargo volumes grew by 40% Y-o-Y to 4.35 MMT

• Total Rakes during the quarter increased to 95 (Container – 43, GPWIS – 42, Agri – 7, AFTO - 3) vs. 93 as of end March

Other Updates

• APSEZ concluded acquisition of Karaikal Port, and sale of Myanmar asset

• India’s largest transshipment port at Vizinjham to become operational by the year end

• Consolidated EBITDA including forex impact grew by 80% Y-o-Y to Rs 3,765 Cr Excluding forex impact consolidated EBITDA is Rs 3,754 Cr.

• Ports business EBITDA margin expanded by ~150 bps to 72% with improved realization and operating efficiencies

• Logistics business EBIDTA margin expanded by ~150 bps to 28% aided by increase in cargo volumes and sweating of assets

Guidance for FY2024

• Cargo volumes during the period to be 370-390 MMT

• Revenue for the period to be Rs 24,000-25,000 Cr

• EBIDTA for the period to be Rs 14,500-15,000 Cr

• Net Debt to EBITDA to be reduced to ~2.5x

• Capex for the period to be Rs 4,0004,500 Cr.

ESG Highlights and Awards

• Intensity improvements: As of Q1 FY24, emission intensity reduction of 47% and water intensity reduction of 47% from the base year (Fy2016). The renewable electricity share of electricity in Q1 FY24 is around 14%.

• Carbon offsetting: APSEZ has completed mangrove plantation on ~4,000 Ha against its 2025 target of 5,000 Ha.

• Net-zero planning process: We are ready with net zero plan for submission to the Science Based Target Initiative (SBTi).

• Award: APSEZ recognized amongst the top 50 sustainable companies in India by the Business World.

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of Daily Shipping Times exercise every necessary care & attention in collecting every data & getting it published accurately Inspite of this, if any ommission, inaccuracy or printing error occur in the data published in this daily, the Management of Daily Shipping Times is not responsible or liable.

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Tuticorin

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Bill Selling

for Clean Rates for for Clean Rates for

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

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