DPA sets New Benchmarks in Cargo handling and Overall Port Efciency
GANDHIDHAM : In the first 6 months of current fiscal i.e. 2024-25,
adopted by DPA has started delivering results. The rationalization of cargo and vessel related charges by the port in consultation with the trade and, coordinated efforts by vessel agents, stevedores & other stakeholders have shown up in the form of significant growth in cargo volumes at DPA in Dry and liquid cargoes handled at the Port.
Sushil Kumar Singh IRSME, Chairman, DPA
Allcargo’s ECU Worldwide appoints Stephen Dunn as Global Finance Director Refer Back Pg
Shri
Carbon tax proposed by EU unilateral, arbitrary to hurt India's export: FM Sitharaman
NEW DELHI: Finance Minister Nirmala Sitharaman has said the Carbon Border Adjustment Mechanism or CBAM is unilateral and arbitrary and will hurt India's exports after its implementation by the European Union. CBAM are tariffs that will apply on energy-intensive goods imported into the European Union (EU). The EU has decided to impose carbon tax CBAM from January 1, 2026, on seven carbon-intensive sectors, including steel, cement, and fertiliser.
Engineering goods will come under the purview of this import duty
It is a border tax introduced by the EU, and such moves are going to create a trade barrier, she said.
Against this, she said, India has voiced its concern several times to the EU, and the government is also looking a t w a y s t o r e d u c e t h e c o s t o f transactions.
The decision by the EU may affect the profitability of Indian exporters, as Europe is among the top export destinations for the country.
India's total trade with the EU was USD 137.41 billion in 2023-24, with imports at USD 61.48 billion and
exports at USD 75.93 billion.
She, however, said it was unlikely that India's opposition to the CBAM would be a barrier to finalising the Free Trade Agreement (FTA) with the EU.
"I am sure it won't be escalated to the level of hurting the (FTA) talks," she said.
She exuded the confidence that India would achieve net Zero by 2070.
"Yes, we are on track to achieve 2030 carbon emission reduction goals," she said, adding that the Budget has allocated made huge allocation for battery storage
Chennai Port has won the IAPH Sustainability Award 2024
C H E N N A I :
C h e n n a i P o r t Authority proud to a n n o u n c e t h a t
Chennai Port has w o n t h e I A P H Sustainability Award 2024 in the Community Building category, marking a historic moment as the first Indian port to achieve this recognition.
Chennai Port hugely thanked to our v i s i o n a r y P r i m e M i n i s t e r Shri Narendra Modiji for the
supports from the Govt. of India, the Ministry of Shipping, Waterways and Ports Shri Sarbananda Sonowal, Govt. of Tamilnadu and the incredible
people of Chennai for their unwavering support which has earned us the prestigious IAPH Sustainability Award 2024.
World Bank ups India's growth forecast for FY25 to 7% due to rising private consumption
NEW DELHI: The World Bank on Thursday uped India's economic growth forecast for the current fiscal year, ending in March 2025, to 7% yearon-year, up from April's estimate of 6 6 % , h e l p e d b y a r e b o u n d i n agricultural output and increased private consumption.
"You have an emerging class of consumers in India that's driving the economy forward, you have recoveries from crises in Sri Lanka and in Pakistan, you also have a tourism-led
recovery in Nepal and Bhutan," Martin Raiser, World Bank Vice President for South Asia, told Reuters.
The MPC retained its real Gross Domestic Product (GDP) forecast at 7 2 per cent for FY25 With this, the RBI has now pegged growth rate for Q2 at 7% (reduced from 7.2%), Q3 at 7.4% (up from 7.3%%) and Q4 at 7.4%. For Q1 FY26, the growth rate was kept at 7.3%.
Meanwhile, the central bank left its inflation forecast for this fiscal year
unchanged at 4.5%, even amid caution on food prices and intensifying geopolitical tensions that may disrupt energy supplies and take crude prices further higher
"The MPC noted that the domestic growth outlook remains resilient supported by domestic drivers –private consumption and investment This provides headroom for monetary policy to focus on the goal of attaining a durable alignment of inflation with the target," said Das
Cabinet approves development of National Maritime Heritage Complex (NMHC), Lothal, Gujarat
NEW DELHI: The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the development of National Maritime Heritage Complex (NMHC) at Lothal, Gujarat. The project will be completed in two phases.
The Cabinet also accorded inprinciple approval for Phase 1B and Phase 2, as per master plan by raising funds through voluntary resources/ contributions and their execution after raising of the funds.
Constr uction of Light House Museum under Phase 1B will be funded by Directorate General of Lighthouses
and Lightships (DGLL).
A separate society will be set up, for development of future phases, to be governedbyaGoverningCouncilheaded by Minister of Ports, Shipping & Waterways, under Societies Registration A c t , 1 8 6 0 f o r i m p l e m e n t a t i o n , development, management, and operationofNMHCatLothal,Gujarat
The phase 1A of the project is under implementation with more than 60% physical progress and is planned to be completed by 2025. Phases 1A and 1B of the project are to be developed in EPC mode and Phase 2 of project will be developed through land subleasing/
PPP to establish NMHC as a world class heritage museum.
Major impact, including employment generation potential:
Around 22,000 jobs are expected be created in development of NMHC project, with 15,000 direct employment and 7,000 indirect employment.
No. of beneciaries:
The implementation of NMHC will boost growth and immensely help the local communities, tourists and visitors, researchers and scholars, government bodies, educational institutions, cultural organisations, environment and conservation groups, businesses.
Commerce, Finance & Shipping Ministries to discuss
Trade and Shipping-related Tax issues Today
NEW DELHI: The Commerce and Industry Ministry will today meet officials of Finance and Shipping Ministries and Industry stakeholders to discuss tax related issues in the maritime sector
O f f i c i a l s s a i d t h a t I n d i a ' s p r o p o s e d V e s s e l S h a r i n g Agreements could be discussed at the meeting which is being held amid exporters witnessing high air and shipping freight rates due to the conflict in West Asia
"Industry has flagged trade related issues such as tax matters
and they would be discussed in the meeting," said an official.
India's goods exports have fallen for two straight months, with August w i t n e s s i n g a 1 3
m o n t h l o w c
t i o n o f 9 3
Tr a d e r s attributed it to rising shipping costs, slowdown in China and recessionary trends in the West.
Issues related to tonnage tax, requirements of certificates while r
availability and goods and services tax in the shipping sector could be discussed.
Traders have faced challenges such as container shortage, surge in ocean freight rate and shipping cost, shipping delays at the Indian ports, and turnaround time at the ports and the impact of geopolitical uncertainty including the Red Sea crisis which are impacting exports.
Last month, India decided to reduce certain charges at ports and purchase five additional second-hand container vessels by the Shipping Corporation of India to resolve shipping sector-related problems of traders and push exports.
Indian Railways and DFCCIL scale up long haul operation to achieve crew optimisation
NEW DELHI: Eight freight trains were paired and operated as four trains for the first time in a single day t o a c h i e v e t i m e a n d c r e w o
d
“Two trains each having 58 wagons along with engines were joined to make one train formation. Four such formations were made using eight freight trains and operated in a single day on Monday. We call it a long haul operation,” said Shashi K ant Tripathi, Chief Public Relations Ofcer, North Central Railway.
“Most importantly, we deployed only one train crew (a loco pilot, an assistant loco pilot and a guard) to run the joint formation thus four crew team successfully operated these four pair of trains on the Eastern Dedicated Freight Corridor (EDFC) between Dadri and Deen Dayal Upadhyay station,” he added.
Tripathi added that earlier they had tried similar experiments but one or two such formations were operated in a day, however, this time, the Prayagraj division decided to scale up this exercise on an experimental basis.
Railway officials said that three officials Divisional Railway Manager Himanshu Badoni, Senior Divisional Operation Manager SK Shukla and Deputy Chief Transportation Manager of Tundla Amit Sudarshan — should get full credit for the initiative, It will prove to be a turning point in the rail freight operation on the Dedicated Freight Corridor Corporation India Limited (DFCCIL), they said.
“There is a shortage of crew in the Indian Railway and this kind of experiment helps tackle this issue. Path optimisation is another big
advantage of this experiment. In the coming days, we want to increase this
benefits,” a railway official said.
H
passenger services, a spokesperson from the DFCCIL said that if more freight trains are diverted and run on the freight corridors, it will have a huge benefit on the passenger services.
“It decongests the railway tracks m
enhancing safety as well punctuality. Since Kumbh Mela is scheduled in January next year which will lead to huge increase in passenger flow from other parts of the country towards Prayagraj division, the long haul freight operation will turn out to be a b
or Indian Railways,” the spokesperson said.
Pharma, meditech exports from India expected to sustain momentum
NEW DELHI: Exports of India’s phar maceutical and meditech sectors are expected to sustain the growth momentum in the ongoing fiscal despite a slowdown in the global economy
With the government revving up support for drug development in India, as many as 16 blockbuster
Tea exports
molecules targeted for a wide range of therapeutic areas, including c a n c e r, d i a b e t e s , H I V a n d tuberculosis, are in the pipeline to be produced in India, Department of P h a r m a
t i c a l s , S e c
e t a r y Arunish Chawla told reporters on the sidelines of CII Pharma and Life Sciences summit.
The Drugs Controller General of India (DCGI) has already granted approvals to some of the molecules, and the government is also now focusing on the upstreams of biological entities, which particularly include basic molecules like amino acids, nucleotides, and vaccine raw materials.
up over 23 % in January-July period
NEW DELHI: Tea exports from India saw a healthy 23.79 per cent growth (year-on-year) to reach 144.50 million kilograms in the January-July period this year
According to the Tea Board of I n d i a , t h e c o u n t r y e x p o r t e d 116.73 million kg in the same period in the year 2023 The export of tea increased by 27.77 million kilograms this year compared to the same period last year
However, the single unit price during the first seven months of 2024 has remained at Rs 256.37 per kg. It was Rs 264.96 per kg in the same p e r i o d l a s t y e a r M e a n w h i l e , a Tea Board official said the Commerce Ministry has approved a scheme of Rs 664.09 crore for the development and promotion of tea industry This amount will be spent during t h
15th Finance Commission cycle —
financial year 2023-24 to 2025-26 — under the Tea Development and Promotion Scheme.
The development of tea industry includes plantation development and quality improvement, promotion and m a r k e t s u p p o r t , t e c h n i c a l i n t e r v e n t i o n , r e s e a r c h a n d development and welfare and capacity building measures. Approval has been taken regarding these measures.
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING
ADANI
MUNDRA CONTAINER TERMINAL (AMCT)
Dhabi In Port Al Rawdah (V-4) MBK Logistix Abu Dhabi 23/10 SM Manali (V-47) MBK Logistix Mandalore
ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL),
DP WORLD MUNDRA
LOAD FOR WEST ASIA GULF PORT
X-Press Cassiopeia 24040E 4093596 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 14/10 20/10 19/10-PM X-Press Phoenix 442E 4103617 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
19/10 19/10-AM Zhong Gu Hang Zhou 24003E 4093600 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)
22/10 21/10-PM Inter Sydney 165 4103739 Interworld Efficient Marine China (BMM)
TBA Asyad Line Seabridge Marine Shangai, Ningbo, Shekou (FEX)
TBA Asyad Line Seabridge Marine Haiphong, Laem Chaban, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
14/10 14/10-AM Maersk Karun 441W 4093499 Maersk Line Maersk India Colombo (MW2 MEWA)
15/10 15/10-AM Marsa Neptune 2410 4103674 Sai ShippingSai Shipping Karachi (JKX)
19/10 19/10-AM Zhong Gu Hang Zhou 24003E 4093600 Global Feeder Sima Marine Karachi (CSC)
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port Marathopolis (V-441S) 4093498 Maersk India Port Qasim 11/10 Northern Guard (V-926E) 4093353 Wan Hai Line Nhava Sheva 14/10 Maersk Karun (V-441W) 4093353 Maersk India Nhava Sheva
ETA VESSEL’S NAME VCN NO. AGENTS FROM SAILED WITH EXPORT CARGO VESSEL'S
CB-1 Marathopolis (V-441S) Maersk India 12/10 CB-2 Assosa (V-49WB) (Adhoc) Samsara Shpg. 12/10
14/10 Dimitra C (V-441W) 4093500 Maersk India Jebel Ali 19/10 Zhong Gu Hang Zhou (V-24003E) 4093600
X-Press Mekong (V-24008W) Nhava Sheva 05-10-2024 Seaspan Jakarta (V-440W) Pipavav 07-10-2024 Maersk Gibraltar (V-440W) Nhava Sheva 08-10-2024
CB-1 Source Blessing (V-2439W)
12/10 Spil Citra (V-0UW36W1)
13/10 Yokohama Star (V-2432)
16/10 Hongkong Bridge (V-2433)
Car.CB-1 Zhong Gu Beijing (V-24008W)(Saied)
27/10 Zhong Gu Tianjing (V-24043W)
15/10 Artam (V-1335W) HDASCO Armita India Gulf 16/10 CB-4 AS Susanna (V-012W) Unifeeder/One Unifeeder/One India Gulf 2390299 12/10 CB-5 BLPL Trust (V-1411E) Transworld Transworld GLS
Car.CB-5 CMA CGM Valparaiso (V-OMTIHW1)(Sailed) Maersk Line/CMA CGM Maersk India/CMA CGM Ag.(I) Africa
17/10 Inter Sydney (V-0165) Interworld Efficient Marine Gulf
Car.CB-5 Maersk Danube (V-441W)(Sailed) Maersk Line Maersk India U.K. Cont.
12/10
Maersk Florence (V-440W) CMA CGM/Maersk Line CMA CGM Ag.(I)/Maersk India Africa 13/10 11/10 MSC Rochella (V-IV441A) MSC MSC Agency U.S.A. 12/10
14/10 Maersk Cairo (V-442S) Maersk Line Maersk India Africa 15/10 14/10 RDO Favour (V - 02436S) Emirates / KMTC Emirates Shipping / KMTC India Gulf 14/10 07/11 Zhong Gu Kun Ming (V-02448S) RCL RCL Agency
11/10 Shen Li Ji (V-SEN0724W) Akkon Oasis Shipping Europe/Med.
12/10 Seattle Bridge (V-092E) Unifeeder/KMTC Unifeeder/KMTC(I) Far East & 2390347
19/10 Celsius Naples (V-905E) Hapag/Evergreen ISS Shipping/Evergreen Shpg. Colombo
24/10 ESL Dachan Bay (V-24005E) ONE/TS Lines ONE (I)/TS Lines(I)
12/10 TSS Amber(V-440W) Maersk Line Maersk India Mediterranean
15/10 Wan Hai 316 (V-210E) Wan Hai/Unifeeder Wan Hai Lines (I)/Unifeeder Jebel Ali
16/10 SSL Godavari (V-035E) X-Press Feeder Sea Consortium
16/10 Zhong Gu Hang Zhou (V-24003E) Global Fdr/TS Lines Sima Marine/TS
22/10 Beijing Bridge (V-2406E) Sinokor/Heung
(V-OINI1W1)
APL Qingdao (V-OINI5W1)
11/10 Cautin (V-2440W)
22/10 Sofia Express (V-2441W) CMA CGM CMA CGM Ag. (I)
12/10 Celsius Nairobi (V-0917) Unifeeder/ Unifeeder/ Gulf
19/10 SCI Mumbai (V-24040) QNL/Milaha Poseidon
23/10 Dimitris Y (V-248E) ONE ONE (I) Karachi &
26/10 One Reliability (V-008E) X-Press Feeders Sea Consortium Far East
13/10 Hyundai Hongkong (V-002E) ONE/HMM ONE (I)/HMM Shpg. USA
11/10 Interasia Momentum (V-E049) Wan Hai Wan Hai Lines (I) Colombo & 2390223 12/10 16/10 Wan Hai 515 (V-E094) COSCO/Interasia Line COSCO Shpg./Interasia Shpg. Far East
Car.GTI-1 Maersk Gibraltar (V-440W)(Sailed) Maersk Line Maersk India Mediterranean 2390139
17/10 Dimitra C (V-441W)
12/10 Mundra Express(V-4340W) COSCO COSCO Shpg. U.K. Cont.
21/10 Seaspan Ganges(V-4341W) Hapag / ONE ISS Shpg./ONE(I)
CMA CGM / OOCL CMA CGM Ag.(I)/OOCL(I) 14/10 One Altair (V-066E) ONE/HMM ONE (I)/HMM Shpg. Far East &
22/10 One Arcadia (V-070E) Yang Ming Line Yang Ming Line (I) China
GTI-1 Stratford (V-132E) RCL/OOCL RCL Ag./OOCL(I) Far East
16/10 Xin Da Yang Zhou (V-096E) Zim/COSCO Zim Int./COSCO Shpg.
16/10 Tonsberg (V-OPU1UN) Global Fdrs./CU Lines Sima Marine/Seahorse Gulf
21/10 RDO Favour (V-02436N) Emirates/KMTC Emirates Shpg./KMTC (I)
14/10 X-Press Phoenix (V-442E) Maersk Line Maersk India Far East
21/10 Zhong Gu Chong Qing (V-442E) X-Press Feeder Sea Consortium
12/10 AL Rawdah (V-004W) Safeen Feeders Sima
13/10 An Tong Da Lian (V-2402E) Sino Lines Transorient
13/10 Beijing (V-105E)
22/10 OOCL Atlanta (V-061E) Zim/Goldstar Zim Integrated/Star
BMCT-3 CMA CGM Titan (V-OPEALW1) CMA CGM/APL CMA CGM Ag. (I)
17/10 CSCL Neptune (V-081) COSCO / OOCL COSCO Shpg./OOCL(I)
14/10 CUL Jakarta (V-24035W) Sealead Sealead Shipping Mediterranean
18/10 Chang Shun Qian Chang (V-2404) Asyad/QNL/Milaha Seabridge/Poseidon Gulf
16/10 Daphne (V-868W) One Line/Samudera One India/Samudera Far East
21/10 ESL Busan (V-02438E) Evergreen / X-Press Feeders Evergreen/Sea Consortium Far East
22/10 Torrance (V-29E) KMTC/HMM KMTC (I)/HMM Shpg.
31/10 Zoi (V-117E) Emirates/Gold Star Emirates Shpg./Star Ship.
12/10 Ever Legion (V-056E) Gold Star/KMTC Star Shpg./KMTC (I) Far East
15/10 TS Keelung (V-24004E)
(V-E027) 09-10-2024 Port
Maersk Gibraltar (V-440W) 11-10-2024 Port Tangir Shen Li
13/10 Wan Hai
Cont’d. from Pg. 3
DPA sets New Benchmarks in Cargo handling and Overall Port Efficiency
Moreover, these concerted efforts also translated into creation of some single day and monthly records in cargo handling, which are highlighted below :-
Single Day Records: –
1. DPA created a new 24 hrs. cargo record in handling of U S steam coal, when the vessel MV Baby Hercules handled 47910 MTs in 24 hrs on 11 9 2024 at Tuna tekra berth, by surpassing the previous best handling of 47720 MTs handled on 29.6.2022 at Tuna tekra by the vessel MV Aradne.
2. DPA created a new 24 hrs. cargo record in handling of GSSP fertilizer (dry cargo), when the vessel MV Sea star Ciking exported 26336 MTs in 24 hrs. on 28.9.2024 at Kandla, by surpassing the previous best handling of 24570 MTs handled on 9.5.2023 by the vessel MV Amber Star
3. DPA created a new record in handling of Pet coke, when the vessel MV Idomeneas handled 55700 MTs in 24 hrs. on 18.4.2024 at Kandla, by surpassing the previous best handling of 49655 MTs handled on 29.6.2022 by the vessel MV Greco Libero.
4. DPA created a new record in handling of Met coke, when the vessel MV Progress Trader handled 26300 MTs in 24 hrs. on 6.7.2024 at Kandla, by surpassing the previous best handling of 20716 MTs handled on 11.7.2022 by the vessel MV Skopelos.
5. DPA created a new record in handling of salt (exports), when 6 salt vessels (5 at berth & 1 at Mid stream) handled a total of 144515 MTs in 24 hrs. on 22.9.2024, surpassing the previous best of 105602 MTs achieved through 5 vessels in a single day on 2.3.2024.
Monthly records: –
6. DPA created a new monthly handling record in Other Foodgrains (imports) which include Jowar, Bajra, maize, chick peas, yellow peas etc., when it handled 173479 MTs in May-24 at Kandla, thereby surpassing the previous best handling of 135279 MTs handled during Jun-24.
7. DPA created a new monthly handling record in Miscellaneous cargo (imports), when it handled 255480 MTs in Apr-24 at Kandla, thereby surpassing the previous best handling of 251547 MTs handled during July-23.
8. DPA created a new monthly handling record in Total imports, when it handled 9359391 MTS in May-24 at Kandla, thereby surpassing the previous best handling of 9207952 MTs handled during Mar-24.
9. DPA created a new monthly handling record in Liquid Chemicals (imports & exports combined), when it handled 585580 MTs in May-24 at Kandla, thereby surpassing the previous best handling of 553191 MTs handled during Sept-2012.
10. DPA created a new monthly handling record in Edible oil(exports), when it handled 79253 MTs in Apr-24 at Kandla, thereby surpassing the previous best handling of 48237 MTs handled during Nov-23
11. DPA created a new monthly handling record in Other Dry cargo category(exports) consisting of cargoes such as Sugar, Oil extractions, salt, silica sand, RoRo traffic, containers (exports) & other miscellaneous cargoes (exports), when it handled 2595464 MTs in Jun24 at Kandla, thereby surpassing
the previous best handling of 2401873 MTs handled during in Feb-23.
12. DPA created a new monthly handling record in Salt(exports), when it handled 1663618 MTs in June-24 at Kandla, thereby surpassing the previous best handling of 1284545 MTs handled in Jan-24.
Salient Features: –
13. Handling of RoRo cargo officially started (at Gogha / Hazira) during fy 2024-25, after a gap of 86 months. RoRo cargo was last handled at Kandla between Oct-2016 & Apr-2017.
14. In terms of handling ships with a parcel size of 50000 MTs and above, DPA created a new record by handling 507 cargo ships in first 6 months of FY 2024-25 (upto Sept-24) erasing the previous handling record of 459 ships in first 6 months of FY 2022-23
15. In terms of handling ships with a parcel size of 100000 MTs and above, DPA created a new record by handling 171 cargo ships in first 6 months of FY 2024-25 (upto Sept24) erasing the previous handling record of 157 ships in first 6 months of FY 2021-22.
16. DPA rewrote its own history, by registering record fastest times as compared to any of the fiscal years till date, while handling 50 MMT of cargo on 7 8 2024 (11 days before as compared to last fiscal year), 60 MMT on 3 9 2024 (13 days before as compared to last fiscal) & 70 MMT on 28 9 2024 (16 days before as compared to last fiscal)
DPA created a new record in terms of handling maximum number of salt vessels by handling 156 cargo vessels in first 6 months of current fiscal i.e. FY 2024-25 (Upto Sept-24), thereby surpassing the previous best of 89 vessels handled in FY 2022-23 (upto Sept-22).
Shri Sushil Kumar Singh, IRSME, Chairman DPA, extends his sincere appreciation to all port users, stakeholders, trade unions, officials, employees and workers for their steadfast commitment and cooperation over the past six months. Their continuous support and dedication have played a pivotal role in the successful journey of Deendayal Port Authority.
Further Chairman DPA also congratulates the Traffic Manager and his entire team for their outstanding performance and tireless efforts over the past six months. Their strategic planning, efficient execution and unwavering dedication have been instrumental in achieving consistent growth and operational success at Deendayal Port Authority The team's commitment to excellence continues to drive DPA forward, setting new benchmarks in cargo handling and overall port efficiency
Allcargo’s ECU Worldwide appoints Stephen Dunn as Global Finance Director
MUMBAI: ECU Worldwide, Allcargo Logistics’ wholly-owned global subsidiary and the global leader in LCL consolidation, has appointed Stephen Dunn as Global Finance Director In this crucial role, Steve, as he prefers to be called, will oversee the global finance function and will lead the transformation of the financial processes, positioning company for next phase of the business growth He will be based out of ECU Worldwide’s office in Dubai.
Steve brings over 20 years of leadership experience in international organizations across industries. A qualified Certified Public Accountant (CPA). He served as the Global CFO of Wings Travel for four years and held key roles as Regional Finance Director at Vanguard, as well as earlier leadership positions in UTI (DSV).
Welcoming Steve, Shashi Kiran Shetty, Founder and Chairman, Allcargo Group said, "We are delighted to have Steve in the global executive team of ECU Worldwide. His rich expertise along with a profound grasp of market dynamics makes him an important
addition to the executive team Steve will lead the transformation of the finance function and partner with businesses to drive growth. I am a firm believer of institution building and I am confident that he will contribute in realising that vision I welcome Steve to the Allcargo Group family and we wish him success in his new role."
C o m m e n t i n g o n h i s appointment, Stephen Dunn, Global Finance Director, ECU Worldwide said, "I am excited to be a part of the executive team of ECU Worldwide. The role gives me a brilliant opportunity to leverage my experience and expertise in aligning financial strategies with business objectives of ECU Worldwide, thus delivering value to all stakeholders. I look forward to collaborating with the leadership team of ECU Worldwide to take the organization to the next level of its growth journey."
Gujarat CM releases Commemorative Stamp on 25 Years of Mundra Port
• Celebrates 25 years of Mundra Port's contribu ons to India's mari me and economic growth
• Released on World Post Day, the stamp symbolises Mundra Port’s transforma on into India’s largest port
• A special cover and stamp cancella on accompany the release
AHMEDABAD: Mundra Port, the Adani Group’s flagship port and India’s largest commercial port, has been honoured with a special postal stamp marking its silver jubilee year. The commemorative stamp, released on World Post Day, celebrates Mundra Port’s remarkable socio-economic contributions and its transformation into a global maritime powerhouse over the past 25 years.
The stamp was released by Gujarat Chief Minister Mr Bhupendrabhai Patel in the presence of Adani Enterprises Ltd Managing Director Mr Rajesh Adani, Adani Ports and Special Economic Zone Ltd Managing Director Mr Karan Adani, Gujarat Circle Chief Postmaster General Mr Ganesh V Sawaleshwarkar, HQ Region Postmaster General Mr Krishna Kumar Yadav and other officials.
33% of the nation's container traffic. Through the Adani Foundation, the port’s community support initiatives have reached 61 villages, benefiting over 3.5 lakh people.
B u i l t a n d e x p a n d e d b y infrastr ucture visionary Gautam Adani on what was once a barren marsh, Mundra Port has rapidly grown into a key commercial hub and a pivotal gateway for India The port, managed by Adani Ports and Special Economic Zone Ltd, has evolved from a single jetty into a global shipping hub, connecting India to the world while also serving a considerable portion of the nation’s hinterland.
Today, Mundra Port has become a significant driver of economic growth for both Gujarat and India. Since 1998, the port has contributed over INR 2.25 lakh crore to the state and national exchequer, created more than 7 5 crore man-days of employment and attracted investments exceeding INR 70,000 crore. Mundra Port now handles nearly 11% of India’s maritime cargo and
"This commemorative stamp represents not just the legacy of Mundra Port but also our partnership of trust with the people of Gujarat and the supportive policies of the state government,” said Mr Karan Adani, MD, Adani Ports and Special Economic Zone Ltd (APSEZ)
“Together, we have turned a vast wasteland into India’s largest port, reaffirming our humble commitment to driving economic development and creating opportunities for our people, while supporting India’s ambition to be a leader in global trade."
Issued by India Post, the commemorative stamp is titled "25 Years of Progress – Mundra Port" and features a visual narrative of Mundra Port’s transformation The stamp sheet, which contains 12 stamps, was designed by India Post in collaboration with APSEZ. 5,000 stamp sheets, with a total of 60,000 stamps, have been printed at the Security Printing Press in Hyderabad. The stamps will be available for purchase through India Post’s ePortal.
In addition to the Mundra Port commemorative stamp, India Post has also introduced a special cover and stamp cancellation process. A copy of the stamp sheet will also be permanently displayed at the National Philatelic Museum in New Delhi.
Stephen Dunn