CONCOR & Hapag Lloyd flags off inaugural export laden Reefer Train service from MMLPV to JN Port
VISAKHAPATNAM: CONCOR, Multi Modal
Logistics Park -
Railways flagged off Inaugural Train carrying Export Laden Reefer containers to JNPT Port on 11th August 2024, informs a recent communique from CONCOR.
PSA acquires Polish Intermodal Operator Loconi International S.A
S I N G A P O R E : P S A Baltics N.V., a subsidiary of PSA International (PSA), a leading global port operator and trusted partner to cargo stakeholders, has signed an agreement to acquire an 85% majority stake in Loconi International S.A. (Loconi), one of Poland’s leading intermodal operators, from the publicly traded Polish freight forwarder ATC Cargo S.A.
Cont’d. Pg. 6
Nitin Gadkari reveals ambitious infrastructure plans for developments of National Highways
NEW DELHI: In a thorough update presented in the Rajya Sabha, Union Minister for Road Transport and Highways, Shri Nitin Gadkari, detailed the extensive initiatives undertaken by his Ministry regarding the development and maintenance of N a t i o n a l H i g h w a y s ( N H s ) The Ministry is tasked with the o n g o i n g m a i n t e n a n c e a n d i m p r o v e m e n t o f N H s , w h i c h encompasses various activities such as evaluation, correction, and enhancement of road conditions.
Ensuring Accountability Through Improved Maintenance Systems
To promote accountability, the Ministry has implemented a system for the Maintenance and Repair ( M & R ) o f N a t i o n a l H i g h w a y sections For segments that are
under development or overseen by Operation, Maintenance, and Transfer (OMT) Concessions or Operation and Maintenance (O&M) Contracts, the responsibility falls on the respective Concessionaires or Contractors until the Defect Liability Period (DLP) concludes For other segments, maintenance is handled through Performance Based Maintenance Contracts ( P B M C ) o r S h o r t T e r m Maintenance Contracts (STMC), guaranteeing that every NH section h
supervision in place
The Ministry works in partnership with several executing agencies, including the National Highways Authority of India (NHAI), National H
Development Corporation Limited ( N H I D C L ) , B o r d e r R o a d s Organisation (BRO), as well as statelevel Public Works Departments (PWDs) and Road Construction D e p a r t m e n
( R C D s ) T h e s e agencies are vital in keeping the National Highways in a traffic-ready state by tackling deficiencies, repairing damages, and improving infrastructure.
Key factors taken into account in National Highway development projects include rainfall, flood levels, terrain, and soil types. Detailed Project Reports (DPRs) integrate these elements to ensure the efficient design and construction of drainage s y s t e m s a n d c r o s s d r a i n a g e structures, such as culverts and bridges.
Even Suez Canal restart is No Silver Bullet for Container Shipping Turbulence, warns Lars Jensen
COPENHAGEN: Shippers should anticipate continued volatility in container shipping freight markets through 2025, with even the re-start of operations through the Suez Canal not guaranteeing immediate respite from disruptions and soaring freight rates, according to Lars Jensen, CEO of Vespucci Maritime.
The renowned container shipping analyst and consultant outlined various Red Sea crisis scenarios on the latest episode of The Freight Buyers’ Club podcast.
Jensen argued that if the Red Sea crisis continued and a significant portion of the global container shipping fleet was forced to continue diversions around southern Africa, global capacity w o u l d r e m a i n c o n s t r a i n e d a n d vulnerable to further shocks.
However, even if peace were surprisingly achieved in the Middle East and Houthi attacks on global trade ceased, he noted it would still take a substantial period before liner networks could adjust.
“If you’re a freight buyer and you want stability, you need to find a new
job,” Jensen stated on The Freight Buyers’ Club, produced with the support of Dimerco Express Group.
“The challenge is that the most likely scenarios ahead of us for the next 18 months are fairly extreme. The scenario with the lowest likelihood is a stable scenario.”
More likely, according to Jensen, is an extended Red Sea crisis resulting in “continued high freight rates” and “high volatility”.
A resolution of the crisis allowing ships to restart transits of the Suez Canal would bring about huge excess capacity but might not immediately cause a freight rate crash.
“The first thing that will happen when it reopens is we’re going to see a lot of ships take the shortcut up to Europe, overtaking the ones going around Africa,” explained Jensen. “So, the consequence of solving the Red Sea crisis is massive port congestion in Europe, which would then impact all other services coming into Europe from Africa, from Latin America and from North America.
“And it’s only when we work through
that port congestion that market rates will come down relatively rapidly.”
The most likely scenario in 2025
Jensen added that assuming the Suez Canal remains closed to most container shipping vessels and global supply chains do not suffer further shocks, contract and spot rates will likely soften in 2025
He predicted “the usual build-up to Chinese New Year” in the first quarter of next year but noted that Q3 peak season rates will not be as high as current levels due to record deliveries of new vessels continuing at heightened volumes over the next 12 months.
“Between now and peak season 2025, we will still have a lot of additional vessels that are being delivered,” he said. “So, the baseline expectation shippers should have is that we are coming out of the worst of it. Barring any calamities, rates will abate and go down.
“They’ll of course go up again next year in peak season, but not to the highest levels we have seen in summer 2024 But they’re also not going to collapse back down to the extremely low levels that we sawtowardstheendof2023.”
Garment sector facing uncertainty due to Bangladesh crisis, may return normalcy soon : Finance Minister
NEW DELHI: Bangladesh garment and knitted fabric sector was facing a “bit of uncertainty” but expressed hope that the country’s interim government would resolve the situation soon and protect India’s investments in the country, said Union Finance Minister Smt Nirmala Sitharaman. “I have held discussions on our textile garment investments in Bangladesh, many of which are from Tamil Nadu. The investments went there in good faith and
they did well having gone there Exports from Bangladesh had also increased,” Sitharaman said while addressing the post-budget press meet with the Reserve B a n k o f I n d i a ( R B I ) G o v e r n o r ShaktikantaDasinNewDelhi
“I hope that the investments are all safe… it’s too early for me to see what kind of an impact this situation in Bangladesh will have on our economy. I hope that the interim government will settle things sooner rather than later
so that both the people of Bangladesh and India can get back to normalcy,” she added.
During the briefing, the finance minister also urged banks to devise innovative and appealing schemes to boost deposit mobilisation.
Speaking after the Reserve Bank of India’s board meeting, FM Sitharaman said that deposits and lending are like two wheels of a cart, with deposits currently lagging behind.
PSA acquires Polish Intermodal Operator Loconi International S.A
Cont’d. from Pg. 3
This strategic move aims to develop new rail products to support PSA’s European container hubs, thereby o f f e r i n g i t s c u s t o m e r s additional options to execute the modal shift from road to rail With this acquisition, PSA intends to enhance existing hinterland connections from Baltic Hub Container Terminal in Gdansk, Poland and extend the port’s reach into new markets in Central and Eastern Europe. The transaction is still subject to approval from the relevant authorities.
Established in 2011, Loconi provides seamless logistics solutions for shipping companies and freight forwarders that integrate rail transport, last mile road transport and depot services for containerised cargo. Loconi runs 220 trains every month across five corridors in Poland and handles approximately 250,000 TEUs each year These corridors connect the ports of Gdansk and Gdynia on Poland’s northern shore with its two independently operated rail terminals in Warsaw and Radomsko in the centre of Poland, and five third-party terminals in Gadki and Poznan Franowo in the West, and Katy Wroclawskie, Dabrowa Gornicza and Slawkow in the South Earlier this year, Loconi launched two additional corridors to Lodz in Central Poland and Oswiecim in Southern Poland.
Baltic Hub – a joint venture between PSA, the Polish Development Fund (PFR) and IFM Investment Fund –is a rapidly expanding deepsea terminal in Gdansk, Poland. Its rail terminal currently handles more than 500 trains each month, providing critical container transport services through a number of independent partners within Poland with extensive connections across Central and Eastern Europe. With the acquisition of Loconi, Baltic Hub is poised to supplement its rail product offerings originating from Gdansk,
thereby fostering greater operational efficiencies and streamlined services to its partners, while continuing to operate as a multi-user rail terminal.
Mr Vincent Ng, Regional CEO of PSA Europe & Mediterranean and PSA Middle East South Asia said, "As we welcome Loconi into the PSA family, we are excited about the potential for positive impact this acquisition will bring to our joint operations as well as the wider logistics industry in Poland, Eastern and Central Europe. Loconi will play an important part in our NodetoNetwork strategy in going beyond terminal services and growing our role as a port ecosystem player, through the development of port-adjacent services, such as intermodal connectivity and digitalisation. This move underscores our commitment to innovation and superior customer service, paving the way for a more interconnected and efficient port and supply chain network in the region.”
Mrs Lidia Dziewierska, CEO of Loconi Intermodal said, “Our intention was to find a long-term partner who would support us onward in our exciting journey to enable the shift from road to rail. For years, we have paid special attention to developing effective rail-based transport solutions which can serve as a true alternative to road transport and thus genuinely add value to the ecosystems of our customers, partners and local communities. Our ambition has been to remain creative and dynamic as we grow and the journey continues. We believe that PSA is an excellent partner to ensure that these Loconi values remain relevant and that all intermodal stakeholders take better advantage of the untapped potential of rail transport in this part of Europe. We are happy to have come across a global player with such a clear understanding and due regard for the local folklore of the transport business. The entire Loconi team is excited to become a member of the PSA Group and explore the opportunities it will open up for us and our clients.”
MSC improves its Asia North Europe Network
GENEVA: MSC Mediterranean Shipping Company is pleased to inform you of the upcoming enhancements to our Asia-North Europe trade services, set to commence from week 32.
The updated network is designed to improve our services, offering new port pairs, and adapt to the ongoing challenges of port congestion in Europe, while continuing to offer competitive transit times for shipments between Asia and North Europe.
Please find below the revised rotations of our Griffin, Lion, Britannia and Condor services: Grifn service
We will omit Le Havre but add a new call to Yantian, creating new pairs such as Yantian to Felixstowe in 35 days and Yantian to Rotterdam in 40 days.
The first sailing will be MSC VANDYA voyage 432 from Shanghai on 5 August 2024.
Shanghai – Ningbo – Xiamen – Yantian (new) –Tanjung Pelepas – Felixstowe – Rotterdam – Tanger Med – Hong Kong – Shanghai Lion service
The service will be calling Le Havre, offering a new corridor connecting Yantian and Le Havre in 36 days. We will also provide competitive transit times from Ningbo to Le Havre (43 days) and from Shanghai to Le Havre (40 days). Please note that Rotterdam call will be removed and loaded on Griffin.
The first sailing will be M S C M I C H E L CAPPELLINI voyage 432 from Ningbo on 6 August 2024.
Ningbo – Shanghai –Ya n t i a n – Ta n j u n g Pelepas – Sines – Le Havre (new) – Antwerp – Felixstowe – Algeciras –Singapore – Laem Chabang – Ningbo. Britannia service
The port of Le Havre will replace the port of London Gateway
The first sailing will be MSC TRIESTE voyage 433 from Shanghai on 7 August 2024.
Shanghai – Ningbo – Yantian – Vung Tau – Liverpool –Rotterdam – Hamburg – Antwerp – Le Havre (new) –Pointe des Galets – Port Louis – Singapore – Shanghai. Condor service
The call to Le Have will be omitted as from vessel MAERSK HORSBURGH voyage 433E.
Ningbo – Shanghai –N a n s h a – Ya n t i a n –Ta n j u n g P e l e p a s –Colombo – Tanger Med –Felixstowe – Hamburg – Antwerp – London Gateway –Tanger Med – Abu Dhabi – Jebel Ali – Ningbo.
14/0815/08 14/08 1500 X-Press Altair 24010W Q1053 1098148-29/07 X-Press Feeders Sea Consortium Jeddah, Al Sokhna 26/0827/08 TBATBA SSL Brahmaputra 918 Q1150 1099219-09/08 Wan Hai Wan Hai Lines (I) (RGI / IM1) 28/0829/08 TBATBA X-Press Mekong 24006W Q1132 1099106-09/08 UnifeederUnifeeder Emirates Emirates Shpg.
20/0821/08 TBATBA Wadi Duka 2415W Q1079 1098600-02/08 Asyad Line Seabridge Al Sokhna, Jeddah (IEX)
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSIGT
15/0816/08 15/08 1200 MSC Altair IS430A Q0962 1097282-20/07 MSC MSC Agency UK, North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 28/0829/08 28/08 1100 MSC Danit IS433A Q1097 1098773-05/08 SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro 06/0907/09 06/09 1100 MSC Vega IS434A
UK, North Continent & Other Mediterranean Ports. HimalayaExpress NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service Allcargo Allcargo Log. UK, North Cont., Scandinavian & Med. Ports. Dron.2&Mul. ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. UK, North Continent & Scandinavian Ports. JWR
Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa.
Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
16/0817/08 16/08 0900 Conti Courage IP433A Q1115 1098933-06/08 MSC MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals
23/0824/08 23/08 0900 Agios Dimitrios IP434A
30/0801/09 31/08 0900 MSC Aby IP435A Q1164 1099507-12/08 SCI CMT
Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D).
Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre (EPIC / IPAK) COSCO COSCO Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Seahorse Ship UK, North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. Globelink Globelink WW UK, North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.
TSS L'Global Ag. UK, North Continent & Scandinavian Ports. Dronagiri-2 AMI Intl. AMI Global UK, North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal UK, North Continent & Scandinavian Ports. Dronagiri-3 Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova. Safewater Safewater Lines UK, North Continent, Red Sea & Med. Ports. Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware 22/0823/08 21/08 1000 MSC Silvia IU433A Q1122 1098991-07/08 MSC MSC Agency Haifa. (INDUS) Hind Terminals
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI
In Port 13/08 Belita 0MXK3W1 Q1036 1097891-26/07 Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS 14/0815/08 TBATBA Yantian Express 4332W Q1050 1098127-29/07 CMA CGM CMA CGM Ag. Valencia, Cagliari. (IMEX Service) Dron-3&Mul 22/0823/08 TBATBA Value 0MXK7W1 COSCO COSCO Shpg. P Said, La Spezia, Livorno, Genoa, Fos, Barcelona, Valencia, Algeciras 13/0814/08 13/08 0600 Maersk Staraslund 431W Q1023 1097838-26/07 Maersk Line Maersk India Jeddah, S.Canal, Port Said, Tangier, Algeciras, Maersk CFS 17/0818/08
TBATBA Cap San Juan 432W Q1037 1097892-26/07 Valencia, Geona (ME 2) 22/0823/08 TBATBA CCNI Angol 433W Q1141 1099358-10/08 13/0814/08 12/08 1800 Copiapo(BMCT) 4331W Q1010 1097755-25/07 CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul
19/0820/08
TBATBA Seaspan Amazon 4332W Q1051 1098130-29/07 Hapag ISS Shpg. UK, North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS 29/0830/08
TBATBA Niledutch Lion 4333W COSCO COSCO (I) UK, North Cont., Scandinavian, Red Sea & Med.Ports. (IOS) ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. Gold Star Star Ship Hamburg, Antwerp, Tilbury. Oceangate CFS
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from BMCT
In Port 12/08 A Daisen 24025W Q1025 1097853-26/07 SeaLead SeaLead Shpg./ Aliaga, Gebze, Gemlik, Istanbul, Mersin, EL Dekheila, Casablanca, 14/0815/08
Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel (EPIC / IPAK)
Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America
18/0919/09 TBATBA Tucapel 4133 Q1108 Hapag ISS Shpg. New York, Norfolk, Charleston, Savannah ULA CFS (TPI)
18/0819/08 16/08 2100 APL Southampton OIX6ME1 Q1066 1098455-01/08 CMA CGM CMA CGM Ag. New York, Norfolk, Charleston, Savannah & Dron.-3 & Mul. 24/0825/08 TBATBA CMA CGM Pelleas OINHPW1 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2
26/0827/08 TBATBA Beijing ONE Line ONE (India) India America Express (INDAMEX)
28/0829/08
TBATBA CMA CGM Otello OINHRW1
COSCO COSCO Shpg. (INDAMEX) Indial Indial Shpg. US East Coast & South America ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. ConexTerminal Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
16/0817/08 16/08 1200 One Competence 091E Q1091 1098721-03/08 ONE Line ONE (India) Colombo. 26/0827/08 TBATBA One Hangzhou Bay 056E Yang Ming Yang Ming(I)
30/0831/08 TBATBA MOL Creation 093E Hapag/CSC ISS Shpg/Seahorse (PS3 Service)
CFS/ 05/0906/09 TBATBA One Commitment 066E
HMM Shpg.
CFS 16/0817/08 16/08 0200 Wan Hai 501 E249 Q1057 1098156-29/07 Wan Hai Wan Hai Lines Colombo. (CI2)
20/0821/08 TBATBA Stratford 131E Q1009 1097754-25/07 OOCL OOCL (I) Colombo. GDL 24/0825/08 TBATBA Xin Da Yang Zhou 095E Star Line Asia Seahorse Yangoon.(CIX-3) Dronagiri-3 22/0823/08 TBATBA One Reliability 006E Q1067
Line ONE (India) Colombo. 22/0823/08 TBATBA Cap Andreas 013E Q1126 X-Press Feeders Sea Consortium Colombo. Dronagiri 25/0826/08
Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
ETAETD VESSELS Voy V.I.A ROT. LINE AGENTS WILL LOAD FOR CARTING DATE TIME NAME No.No. No.&Dt. POINT
In Port 13/08 X-Press Carina 432E Q1029 1097877-26/07 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS 21/0822/08
TBATBA X-Press Phoelix 24034E Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS 13/0815/08 14/08 1800 Wan Hai 502 E125 Q1093 1098770-05/08 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Dronagiri-1 20/0821/08
TBATBA Wan Hai 507 E225 Q1168 1099546-12/08 Evergreen Evergreen Shpg. Shekou. Balmer Law. CFS Dron. 01/0902/08
Dronagiri-2 (NIX Service) Pendulum Exp. Aissa Maritime Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS
14/0815/08 14/08 1500 Wan Hai 523 E031 Q1054 1098149-29/07 Sinokor Sinokor India Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Seabird CFS 21/0822/08
TBATBA Northern Guard E925 Q1072 1098504-01/08 Heung A Line Sinokor India Hongkong 27/0829/08
TBATBA Wan Hai 510 E181 Wan Hai Wan Hai Lines (CI6) Dron-1 & Mul CFS 03/0905/09
TBATBA Wan Hai 506 E235 InterasiaInterasia 10/0913/09
TBATBA Yeosu Voyager E407
Feedertech Feedertech/TSA
Dronagiri 15/0816/08
TBATBA Najade 063 Q1055 1098158-29/07 Wan Hai Wan Hai Lines Port Kelang, Jakarta, Surabaya Dronagiri-1 20/0821/08
TBATBA KMTC Yokohama E407
KMTC/Interasia KMTC(I)/Interasia Port Kelang, Jakarta, Surabaya (AIS5/SI8 Service) Dronagiri-3/— 15/0816/08 15/08 1200 TS Keelung 24003E Q0960 1097234-19/07 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou 16/0817/08
TBATBA Zhong Gu Nan Ning 24005E Gold Star Star Ship (CWX/CIX5) RCL/PIL RCL Ag./PIL India Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS
TBATBA Daphne 866W Q1092 1098719-03/08 ONE Line ONE (India) Singapore 20/0821/08
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from BMCT
16/0817/08 16/08 1200 Maersk Cadiz 432W Q1020 1097830-26/07 Maersk Line Maersk India Tema, Lome, Abidjan (MW2) Maersk CFS 22/0823/08 TBATBA Maersk Copenhagen 433W 20/0821/08 19/08 1600 MSC Nicole X IW432A Q1100 1098807-05/08 MSC MSC Agency Port Louis, Tema, Lome, Cotonou. (IAS SERVICE) Hind Terminal
JAIGARH PORT LIMITED
Global Growth falls in July; India continues to lead Global export growth, says S&P Global
NEW YORK: The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that g l o b a l t r a d e c o n t i n u e d t o deteriorate headed into the second half of 2024. The seasonally adjusted Global PMI New Export Orders Index, sponsored by JPMorgan and compiled by S&P Global, posted 49 7 in July, which was unchanged from June. The latest reading signalled that trade conditions deteriorated for a second successive monthinJuly,albeitonlymarginally
Excluding the improvements in April and May, export orders would have fallen continuously since March 2022. That said, the latest decline was partially underpinned by disruptions in supply chains which we will continue to monitor via the PMI Supplier Delivery Times Index for goods.
India continues to lead export growth
July Manufacturing PMI data outlined that the global expansion in goods trade was limited mainly to emerging market economies again among the top 10 trading nations. India retained the top spot for the seventeenth month r unning, further with the rate of export order expansion accelerating to the second-strongest in over 13 years.
Following India was Brazil, which recorded a solid expansion, the fastest since December 2021. Brazilian manufacturers indicated that the depreciation of the domestic currency helped to lift their competitiveness globally in July, driving the rise in export orders from Asia to the US More muted growth was meanwhile observed in South Korea and Mainland China.
On the other hand, the EU and Canada continued to drive the downturn in export conditions among the top 10 trading nations with marked reductions in export orders in the manufacturing sector. According to the S&P Global Canada Manufacturing PMI, export orders fell at the most pronounced pace in over four years with market
geopolitical tensions undermining demand.
Meanwhile Japan also recorded further reductions in goods export orders as weakness in demand permeated both the domestic and export markets in July. However, the rate of reduction eased from June. This was while the UK and US recorded only marginal rates of manufacturing export order contraction in the latest survey period.
Decarbonizing freight transport in India
NEW DELHI: With massive i n v e s t m e n t i n c a p a c i t y augmentation, Indian Railways (IR) has been trying very hard to attract non-bulk traffic for more than a decade now, but with limited success. It is also a matter of concern that railway’s share in price-inelastic bulk-commodities, which have been the traditional sources of freight revenue is also declining. A recent study conducted by TERI found that the present freight tariff policy is divorced from market realities and is an important factor behind such a decline.
With more than 90 percent of the track length being electrified, IR has been a forerunner in the world in terms of shifting away from diesel-based traction On the contrary, the road freight sector in India is overwhelmingly dominated by diesel vehicles with negligible presence of electric vehicles India’s Nationally Determined Contribution (NDC) submission to t h e U n i t e d N a t i o n s i n 2 0 1 5 highlighted the government’s resolve to increase the share of railways in land transport to 45 percent.
Railways once handled the lion’s share of freight movement in India, accounting for about 65 percent in early eighties. Over the years with several push and pull factors, road transport has replaced railways as the dominant mode of transport, accounting for almost 70 percent of
The continued decline of railway’s share in freight transport sets the c
decarbonization’ ambition to a wrong trajectory. At present heavyduty segment of road freight transport appears to be ‘the’ hardto-abate sector, hence, increasing rail-share is a sine qua non to decarbonize freight transport. But what greenhouse gas (GHG) emission abatement potential does railways hold?
TERI recently undertook a study to assess the impacts of different mitigation strategies on the GHG emissions from Indian transport sector (road, rail, aviation) till 2 0 7 0 – 7 1 T h e s e s t r a t e g i e s encompass electrification of vehicles, introduction of hydrogen fuelled vehicles, fuel efficiency improvements, use of biofuels, and shift of freight traffic from road to railways in line with the NDC vision of 45 percent by 2030-31 and a stable 50 percent share of rail in freight by 2040-41 onwards. Among these strategies increasing the share of r a i l w a y s i n o v e r a l l f r e i g h t transportation has a significantly high abatement impact.
With aggressive electrification of road transport and accelerated u p t a k e o f h y d r o g e n a s f u e l (starting early 2040s), it was found that GHG emission would reduce 3 percent by 2030 and 31 percent by 2050. However, when these l
h increasing share of railways in freight transport, GHG emission a
strategy will result in a 30 percent reduction by 2030 and 58 percent by 2050 So, an aggressive policy of shift of freight traffic from road to rail unlocks additional emission a b a t e m e n t t o t h e e x t e n t o f 27 percentage points.
Reaching a 45 percent freight share in total national freight is not at all an ambitious target as IR has ably demonstrated a consistent growth of over seven per cent d u r i n g f i r s t d e c a d e o f t h e millennium. Such an increase will have much wider impact on environment and India’s net-zero by 2070 commitment. As serious handicap of capacity deficit on railways has already been resolved with capacity augmentation projects including near completion of dedicated fright corridors, it is now necessary that railways adopt proactive policies to attract freight traffic from road. These measures include flexibility in freight pricing, exploring alternative pricing mechanisms, simplification of f r e i g h t - r a t e s t r u c t
ly availability of wagons, mechanised speedy goods handling at terminals, commodity-specific marketing polices, etc.
Kerala Govt to approve export policy soon – Minister
THIRUVANANTHAPURAM: Kerala Industry Minister P Rajeeve said recently that the state govt would approve the draft export policy and logistic policy within two weeks as a major step to attract more investors.
Rajeeve told mediapersons that the govt would organise a global investors’ meet (GIM) in Kochi in Jan 2025 and would approve GST policy, Global Capability Centre policy,
high-tech manufacturing policy, Artificial Intelligence policy, etc, prior to the meet.
He said the EV sector was a priority sector for the govt to attract investments and added the govt would organise roadshows in Chennai, Mumbai, Bengaluru, Doha, and Dubai, as part of the initiative to showcase Kerala’s investment opportunities.
“ T h e m e e t i n g o f d i f f e
n t entrepreneurs organised by the state govt in Chennai recently was a successful one as many big firms have expressed interest in investing in the state. GIM would be a major platform for the companies to invest in Kerala,” he said. The minister also said the govt was considering manufacturing cluster and logistics park projects in Vizhinjam.
South India has potential to become a $200 billion export hub in Food Process products by 2030
CHENNAI: South India, which leads the Indian food processing i n d u s t r y w i t h t h e h i g h e s t concentration of registered factories, has the potential to evolve into a $200 billion export hub for processed foods by 2030, significantly boosting employment and the region’s economy, accordingtoindustryexperts.
In FY24, India’s agricultural exports, including processed foods, amounted to $48.9 billion, with the share of processed food exports rising to 25 6 per cent in FY22-23 from 13.7 per cent in FY14-15. However, India’s total agricultural export basket represents just over 2 per cent of global agricultural trade.
With targeted interventions, the southern region could emerge as a global leader in processed food exports, ” said Ravichandran Purushothaman, Chairman of the CII National Council for Cold Chain
and Agri Logistics and President of Danfoss India. He shared these insights during a discussion with select journalists on a report prepared by Danfoss and CII, focusing on the potential of Southern States in the food processing sector. Technology is highlighted as a key driver for growth in the food processing sector. The report emphasizes the importance of robotics and data in modernizing food processing, including tracking details of what is grown, where, and when— a c r i t i
digitization strategy, with a budget of Rs 150,000 crores, aims to address Leveraging technology presents an opportunity to reduce wastage and enhance value addition.
Many of India’s agricultural
For example, despite fluctuations in tomato prices, technology now allows for the production of tomato puree that maintains the flavour of fresh tomatoes. As consumption patterns shift, the demand for such valueadded products is expected to grow.
The report also stresses the need for supportive public policies and the promotion of startups, particularly given the labour challenges in the industry Innovative technologies are essential for improving efficiency in food production.
The report also calls for stronger g o v e r n m e n t p o l i c y s u p p o r t , especially in skill development Tamil Nadu’s dairy industry, for instance, has seen significant breakthroughs due to farmers acquiring the skills to maximize yield However, the state lags in technologyrelated areas like grading, sorting, and packingforproductssuchasbananas.
Madhya Pradesh reports increase in exports by 5% in Q1
INDORE: In the first quarter of the current fiscal, exports from Madhya Pradesh increased by 5% to Rs.16,155 Cr on a Y-o-Y basis. The Indore city topped in terms of exports from the state, posting a value of Rs.5083 Cr, representing an increase of 18% over the previous year.
Pharmaceuticals and engineering goods, oil meal, cotton fabrics, biologicals and basmati rice led the growth in exports. Primary export destinations were US, Bangladesh, UAE, France and the Netherlands. Exports to the US, the top export market surged by 30% to Rs.3254 Cr in
the Q1, 2024, over the same quarter in the previous year. Exports to Bangladesh were valued at Rs.1237 Cr and to UAE were at Rs.632 Cr and France at Rs.629 Cr Exports to the US market have grown significantly particularly in the pharmaceutical and textile sectors.
Drewry: World Container Index Down 3% Last Week
LONDON : Drewry’s World Container Index decreased 3% to $5,551 per 40ft container last week. A detailed assessment for Thursday, 08 August 2024
The latest Drewry WCI composite index of $5,551 per 40ft container is 47% below the previous pandemic peak of $10,377 in September 2021, but it is 291% more than the average 2019 (pre-pandemic) rate of $1,420.
The average composite index for the year-to-date is $3,996 per 40ft container, which is $1,204 higher than
the 10-year average rate of $2,791 (which was inflated by the exceptional 2020-22 Covid period).
Freight rates from Shanghai to Los Angeles and Shanghai to Genoa decreased 4% to $6,501 and $7,309 per 40ft container, respectively. Likewise, s p o t r a t e s f r o m S h a n g h a i t o Rotterdam and Shanghai to New York declined 3% to $7,929 and $8,931 per 40ft container, respectively. Conversely, rates from Rotterdam to New York and Rotterdam to Shanghai increased 1% to $1,967 and $630 per feu, respectively
L os Angeles to Shanghai and New York to Rotterdam remain stable. Drewry believes that spot rates have peaked, but continued shipping disruptions will keep a floor under the spot rates for some time.
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
TODAY’S TIDE 13/08/2024
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Aeriko Anline 15/08
CJ-II Libra DBC 17/08
CJ-III Adonnis DBC 15/08
CJ-IV Ocean Anny Chowgule Bros. 15/08
CJ-V Lowlands Alma Mihir & Co. 16/08
CJ-VI Propel Success Ocean Harmony 17/08
CJ-VII Hangyang DBC 14/08
CJ-VIII Ocean Seagull Seaworld Shpg. 15/08
CJ-IX AL Yasat II Benline 16/08
CJ-X Waimea Interocean 15/08
CJ-XI VACANT
CJ-XII VACANT
CJ-XIII Arequipa Queen Trueblue 17/08
CJ-XIV Victoria Harbour Synergy 14/08
CJ-XV AL Hadbaa Malara Shpg. 16/08
CJ-XVA Gramba Upasana Shpg. 15/08
CJ-XVI Suzy Synergy 14/08
TUNA VESSEL'S NAME AGENT'S NAME ETD Spar Norma Interocean 14/08 Pacific Vista Merchant Shpg. 14/08
Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX) TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1) TO LOAD FOR
CONTINENT 18/08 18/08-AM Maersk Cadiz 431W 4072620 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
22/08 22/08-AM Zhong Gu Hang Zhou 4002E 4082944 Global Feeder Sima Marine Karachi (CSC)
22/08 22/08-AM Wadi Duka 2415 4082784 Asyad Line Seabridge
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
15/08 Cap San Juan (V-431W) 4072744 Maersk India Jebel Ali
16/08 Wan Hai 523 (V-52031E) 4082920 Wan Hai Line Nhava Sheva 16/08 Marathopolis (V-433S) 4072748 Maersk India Port Qasim
14/08 14/08-AM Shimin 22E 2402824 Evergreen/ONE Evergreen Shpg/ONE Port Kelang, Tanjin Pelepas, Singapore, Xingang, Qingdao, Ningbo 15/08 21/08 21/08-PM Ever Sigma 128E 2402882 Feedertech/TS Lines Feedertech / TS Line Shanghai (CISC) 22/08 16/08 15/08-PM Cosco New York 134E 2402902 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 17/08 21/08 21/08-AM Wan Hai 621 16E 2402941 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX) 22/08 18/08 13/08-PM Ever Elite 168E 2402704 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 19/08 20/08 20/08-AM Monaco 108E 2402992 Evergreen/KMTCEvergreen/KMTC (FIVE)
19/08 19/08-AM Hyundai Force 104E 2402932 Hyundai Seabridge Maritime Singapore, Da Chan Bay, Busan, Kwangyang, Shangai. (FIM EAST)
LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS
PIPAVAV PORT
16/08 15/08-1800 Maersk Atlanta 432W 24263 Maersk Line Maersk India Algeciras
23/08 22/08-1800 Maersk Columbus 433W 24273
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS
13/08 —/— Xin Hong Kong 073E 24266 COSCO COSCO Shpg. Singapor Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 14/08 27/08 26/08-2200 COSCO Philippines 112E Nansha, Port Kelang (CI1) 28/08 14/08 13/08-2200 X-Press Carina 432E 24259 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 15/08 22/08 22/08-0700 X-Press Cassiopeia 433E 24276 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 23/08 24/08 24/08-0700 Zhong Gu Chong Qing 434E 24278 Sinokor / Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 25/08
16/08 16/08-0630 One Reliability 006E 24257 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 17/08 18/08 18/08-1100 Cap Andreas 013E 24270 ONE ONE (India) (TIP) 19/08 18/08 17/08-2100 One Competence 091E 24269 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 19/08 26/08 25/08-2100 One Hongzhou Bay 056E HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 27/08 19/08 19/08-0600 Stratford 113E 24267 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 19/08 23/08 23/08-0600 Xin Da Yang Zhou 095E Gold Star / RCL Star Shpg/RCL Ag. (CIXA)
TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS
16/08 Konrad (V-0424W) Akkon Lines Oasis Shipping Europe/Med. 17/08 14/08 Maersk Virginia (V-433W) Maersk Line Maersk India U.K. Cont. 15/08 15/08 MSC Anshika VI (V-IV432A) MSC MSC Agency U.S.A.
18/08 Maersk Cairo (V-434S) Maersk Line Maersk India Africa 19/08 17/08 Maersk Atlanta (V-432W) Maersk Line Maersk India Mediterranean 18/08 13/08 Oceana (V-929W) Unifeeder/One Unifeeder/One India Gulf 2384920 14/08 21/08 AS Sicilia (V-936W) 22/08 18/08 Shamim (V-1332W) HDASCO Armita India Gulf 19/08 Car.CB-5 Shimin (V-22E)(Sailed) Unifeeder/KMTC Unifeeder/KMTC(I) Far East & 2384940 13/08 19/08 Seattle Bridge (V-091E) Hapag/Evergreen ISS Shipping/Evergreen Shpg. Colombo
21/08 Ever Sigma (V-128E) ONE/TS Lines ONE (I)/TS Lines(I)
14/08 Terataki (V-2410W) Asyad Line Seabridge Gulf/Far East 15/08 14/08 X-Press Altair (V-24010W) Wan Hai/Unifeeder Wan Hai Lines (I)/Unifeeder Jebel Ali 2385051 15/08 27/08 SSL Brahamaputra (V-918) X-Press