










Countries also considering alterna ve trading forms, including Rupee and barter trading: Dr Ausaf Sayeed at the 6th India Arab Partnership Conference.
NEW DELHI: Dr Ausaf Sayeed, Secretary (CPV&OIA), Ministry of External Affairs, Government of India, has informed of the resumptionofdiscussionsontheFree Trade Agreement (FTA) between India and the Gulf Cooperation Council (GCC) at the 6th India Arab PartnershipConference.
"India and GCC have resumed discussions on concluding the Free Trade Agreement. We have exchanged preliminary documents, and the delegations have been meeting. We hope this will soon become a reality, bringing newer opportunities for businesses on both sides," Dr Sayeed said during his specialaddress.
In addition, the secretary alluded to the discussions on exploring alternativeformsoftradingwithGCC nations. “There are discussions with our bilateral partners, talks about Rupee trading, barter trading and many other things, especially under the circumstances where most countries are facing challenges of foreigncurrency.”
The Secretary identified seven focus areas between India and the Arab world: food security, supply chains, healthcare and pharma, energy security, renewable energy (including green hydrogen and green ammonia), chips and semiconductors, and technology (including FinTech and HealthTech). The entertainment, tourism, and cultural sectors were also noted as fields with significant growth potential.
Substantial foreign direct investments have already underscored the robust relationship between the two regions. "While the Gulf countries have made investments to the tune of US dollars 20 billion in India, Indian companies have also made significant investments in the West Asian countries," Dr Sayeed stated, emphasising the profound mutual confidence that exists between India andtheArabnations.
On energy security, the Secretary pointed out that the Gulf countries supply almost 35% of India's oil
imports and 70% of gas imports. However, he expressed that the energy partnership is evolving beyond a buyer-seller dynamic into a more comprehensive one, with some countries investing in strategic partnerships while many other countries offering oil blocks to Indian companies.
"Cooperation in the renewable energy sector, particularly in the fields of green hydrogen and green ammonia,isaveryimportantareafor our bilateral cooperation," he remarked, conveying optimism for thesustainabilityofthispartnership.
On occasion, Dr Khalid Hanafi, Secretary General, Union of Arab Chambers (UAC), thanked the government and the private sector from both regions and expressed optimism about the future of the Indo-Arab partnership. “The partnership between India and the Arab world has a bright future, and our relationship should now evolve from a linear, traditional relationship to a new relationship basedontechnology.
NEW DELHI: The Union Minister for Coal, Mines, and Parliamentary Affairs, Shri Pralhad Joshi, announced that starting from 2025, India would cease the importation of coal from foreign countries. He stated that the annual domestic coal production had now reached 1000 million metric tonnes, compared to the previous total of 562millionmetrictonneperyear.
During the inauguration of an eventorganizedbythelocalunitofthe BJP, here to commemorate the nine years of the Narendra Modi
Government at the Centre, Joshi mentioned that the Modi Government’spolicyofachievingselfsufficiency had resulted in the production of 1000 million metric tonne of coal per year. Consequently, the importation of coal from other countries would be completely halted by2025,asstatedbyhim.
Furthermore, due to the continuous supply of coal to thermal plants, uninterrupted electricity production has been achieved in the country. According to Joshi, this achievement could be one of the
reasons why the Congress Government in Karnataka promised to provide 200 units of free electricity toconsumersinthestate.
Joshi also highlighted the successful implementation of various developmentalpolicies,suchasMake in India and Aatma Nirbhar Bharat, alongwithotherschemesundertaken by the Modi Government over the pastnineyears.Heclaimedthatthese initiatives had propelled the nation forward in becoming the world’s third-largest economy by the end of 2028-2029.
5 ways a unified Maersk can help you grow
Refer Pg. 6
Refer Back Pg.
Evergreen orders 24 Methanol-Fueled Containerships for $5 Billion
Refer Back Pg.
Continued expansion in response to customer demands
MUMBAI: SeaLead has announced the opening of a new office in Mumbai, India, marking a strategic step in strengthening its presence in South Asia. This move will ensure improved services and stronger support for its customers in theregion.
The Mumbai office is expected to serve as a vital hub in SeaLead's operations, meeting the growing needs of local customers with a range of solutions.
Led by Mr. Shiva Mahadevan,ManagingDirector for South Asia and the Middle East, SeaLead, the new office will include a range of functions to support further growth. Cont’d. Back Pg.
CHANDIGARH: The Eastern Dedicated Freight Corridor Railway (EDFC) Railway project, from Shambhu to Kalanaur in Haryana and costing about Rs 2,000 crore, is likely to be completed by August, as revealed by officials from Dedicated Freight Corridor Corporation of India Limited, MinistryofRailways.
The progress update came during a meeting chaired by
Haryana Chief Secretary Sanjeev Kaushal, who reaffirmed support of the state government in ensuring timelycompletionoftheproject.
The EDFC rail line traverses through Haryana, spanning from Ambala City to Kalanaur. Along this route, seven strategically located stations in Haryana are set to play a crucial role in facilitating seamless freighttransportation.Thesestations include Kalanaur, Jagadhari and
Darazpur in Yamunanagar district, and Barara, Kesri, Dukheri and AmbalainAmbaladistrict.
During the meeting, it was stated that the track-laying work had been accomplished, while the installation ofpowerlinesandsignalsystemswas currently in progress. The officials expressed confidence in meeting the August deadline, ensuring seamless connectivity and efficient transportationalongtheroute.
NEW DELHI: India is planning to build a liquefied natural gas (LNG) terminalinIraqasitlookstodiversify supplies and strengthen its energy security, a government official said. The terminal will liquify some portion ofthegascurrentlyflaredbyIraqand transport it to India, where it will be converted back to LNG for use in city gas distribution as well as power, fertilizer,andsteelsectors.
The proposal came up during last month’s India-Iraq Joint Commission Meeting in Delhi. India already has strong ties with Iraq, particularly in energy trade with Baghdad being a top source of Delhi’s crude oil imports.
“Iraq flares a lot of natural gas and we are a large importer of gas. So, we are exploring if our companies can set upplantsinIraqtoliquefythatgasinto
LNG,” said the official, who did not wish to be identified. As per estimates by global agencies, Iraq flares around 50 million standard cubic metres per day(mscmd)ofnaturalgas.In2022-23, India’s LNG imports stood at 19.9milliontonnes,whichisequivalent to71.6mscmdofnaturalgas.
Over the past couple of years, Iraq has committed in international fora that it will make efforts to reduce gas flaring at its facilities, given that flaring leads to high intensity pollution and waste or precious naturalresources.Meanwhile,Indian gas companies, particularly GAIL (India) Ltd and Petronet LNG Ltd have been scouting for opportunitiestosetuporinvestingas liquefactionplantsinothercountries.
The official quoted above, however, did not name the
Indiancompaniesthatmaybelooking at building liquefaction facilities in Iraq.Theestimatedtimelinesarealso not clear, considering various impediments, particularly the securitysituationinIraq.
India depends on imports to meet about half of its natural gas requirement. India, like many other countries, views natural gas as a key transition fuel as it makes efforts to accelerate its move to green energy. The Narendra Modi Government has set an objective to increase the share of natural gas in India’s primary energymixto15percentby2030from a little over 6 per cent at present. This means that India’s natural gas demand is likely to grow considerably over the next few years, which in turn means that imports will also increase substantially.
NEW DELHI: The Ministry of Ports, Shipping and Waterways is committed towards innovation, building best infrastructure,andstrengtheningtheIndianMaritimesector.
To further the digital initiative in maritime sector the Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal inaugurated the indigenous Differential Global Navigation Satellite System (DGNSS) ‘SAGAR SAMPARK’ in the presence of Shri Shripad Y. Naik, the Minister of State of Ports, ShippingandWaterways;ShriTKRamachandran,IAS Secretary, MoPSW and other senior officials from the Ministry and Directorate General of Lighthouses and Lightships. DGNSS is a terrestrial based enhancement system which corrects the errors and inaccuracies in the Global Navigation Satellite System (GNSS) allowing for moreaccuratepositioninginformation.
Speaking on the occasion, Shri Sarbananda Sonowal said, ‘Under the leadership of the Prime Minister, Shri.NarendraModiji,theMinistryofPorts,Shippingand Waterways have given high priority to the safety of Navigation, especially due to the considerable increase in shipping volume in the recent past’. He said, the launch of ‘Sagar Sampark - Differential Global Navigation Satellite System (DGNSS)’ at 06 locations under DGLL, will definitelyenhancethecapabilityoftheDGLLinthefieldof theRadioAidstoMarineNavigation.’
The DGNSS service will help mariners in safe navigation and will reduce the risk of collisions, groundings, and accidents in the port and harbour areas. Thiswillleadtosafe&efficientmovementofvessels.
Speaking on the occasion, Shri Shripad Y. Naik said ‘DGNSS is an important Radio Aid to Navigation
towards fulfillment of international obligations of International Maritime Organisation (IMO), Safety of Life at Sea (SOLAS) and International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA)’.
After recapitalization with multiple satellite constellations like GPS and Global Navigation Satellite System (GLONASS), DGNSS further increases the availability and redundancy as per International standards and helps the mariners to improve their positioningwithin5meters.
The latest DGNSS system is now able to transmit corrections of GPS and GLONASS. The DGNSS significantly improves the accuracy of GPS positioning, reducing errors caused by the atmospheric inferences, satelliteclockdriftandotherfactors.Thisisachievedwith the help of modern state of art technology receivers and latest software. The error correction accuracy has been improved from 5 to 10 meters to less than 5 meters for 100NauticalMilesfromIndiancoastlines.
KOLHAPUR: The plans to set up a multi-modal logistics park or integrated container depot (dry port) at Ranjani in Sangli have been cancelled. This was revealed in the response of the Jawaharlal Nehru Port Authority (JNPA) to an RTI application filed by an activist from Sangli.
The JNPA response said the memorandum of understanding signed between the port authority and the Maharashtra government about the Ranjani dry port is cancelled. Moreover, as per the Union Finance Ministry’s guidelines, no new dry ports can be set as Maharashtra’s requirementhasbeenfulfilled.
Sangli MP Sanjaykaka Patil said there is no truth to the claims that the dry port is not happening. Patil said that due to some issues, the site was changed to Salgare village in Miraj tehsil of Sangli. “The National Highway Logistics Management Limited is a special purpose vehicle (SPV) to implement dry port plans. We are in discussion with the state industries department, which has approved the transfer of land. Salgare village has 450 acres at a crucial point connecting the National Green Corridor Highway. The State Government is going to transfer 230 acre immediately. The work will start in twomonths,”saidPatil.
NEWDELHI:TheimportofpotatoesinIndiafromBhutan will continue without any import license for another year, Bhutan Live reported citing the notification by the Union Ministry of Commerce and Industry. A similar exemption has alsobeenmadeforarecanutexport.
Earlier, the Indian Government had given import exemption for potatoes from Bhutan for a year, which ended onJune30.
The new import notification on potatoes signed by the Director General of Foreign Trade states, "Import of potatoes from Bhutan is permitted freely, without any license, up to the 30thofJune,2024."
Potatoes from Bhutan are exported to India via Samtse, Phuentshogling,Gelephu,andSamdrupJongkhar.
"So far, we have exported 183 metric tonnes of potatoes
from our Samdrup Jongkhar auction yard which comes to aboutNu4.1M.Accordingly,fromthePhuentshoglingauction yard, we have exported 290 metric tonnes which amounts to Nu 5.4 M," Bhutan Live quoted Dorji Tashi, the CEO of Food CorporationofBhutan,assaying.
In a separate notification by India's Directorate General of Foreign Trade, Bhutan can also export 17,000 metric tonnes of fresh areca nut to India without meeting the minimum import price. The export of these commodities is facilitated by the Food Corporation of Bhutan and areca nut export is mostly facilitatedbyprivatetraders.
According to the new notification, apart from Phuentshogling,arecanutexportwillalsobeallowedthrough Chamurchi, a neighbouring border town in Samtse, Bhutan Livereported.
If logistics is proof of one thing, it is that change is constant. Consumer needs, climate, buying behaviours, weather patterns, commodity availability, market strength; they are all constantly changing, now more than ever, causing headaches and challenges to product planning anddelivery.
When deviation from the norm becomes the new standard, it can be tricky for companies to know how they can best strengthen their positioning and foster growth. In this article, we dive into five ways working withaunifiedMaerskcanhelpeasepainpoints.
During the pandemic, it quickly became apparent that the way things had been done before, no longer worked. Supply and demand structures were challenged, and supply chains needed to become more agileandflexiblethaneverbefore.
Post-pandemic, a new kind of agility is needed; companies need to be able to speed up, slow down or pause their supply chains swiftly and, in some cases, pivot from area to area, or region to region. Companies needsolution-orientatedlogistics.
What do we mean by this? Well, it boils down to companies needing to work with logistics and supply chain partners that give them the solutions that work specifically for them. It seems almost too easy to be true, but individualised logistics can solve many of the issues companies faced during and after the pandemic. This is because, previously, companies were working with a lack of holistic logistics, piecing together a dispersedsupplychainwithoutoptimisation.
Working with a unified Maersk, you gain access to our controlled asset network. This is where the holistic part comes into play. A controlled asset network means that we own the ships, trucks, routes, etc, that your goods travel within, and have regional and global routes, meaning we can offer enhanced options, further reach, more visibility, and more control. Maersk has the capabilities to input assets where needed, as well as the ability to structure your logistics network so it works for you,insteadofyouhavingtoworkaroundit.
Another key aspect of our unified structure is that we can offer you even more optionality than before. More connectivity on ocean and on land; with truck, rail and barge solutions, as well as greener options; including electric vehicles, FAME biofuel options, and greener warehousing. Additionally, we offer Eco Delivery, which will allow you to see where you can implement lower emissions options in your logistics with ease, allowing us to help you get closer to a net zero supplychain.
Theeffectsofclimatechangearebeingfeltaroundthe world. We’re seeing more more volatile climate and weather patterns with superstorms, drought, and torrential rainfall. The chances of 2024 having hotterthan-average temperatures comes on the coattails of heightened chances of the “global climate pattern known as El Niño year” arriving by end of summer, according to the World Meteorological Organization. In early July 2023,twoofthehottestdayseverwererecorded.
Working with a logistics provider like Maersk means you have access to solutions through challenging moments. We are seeing the effects of droughts lowering water levels on rivers, but with the vast interregional connections of Sealand and Maersk combined
as one unified Maersk, there are solutions available, like rail and truck. When ports are congested due to unexpected issues, we can find ways of keeping your supply chain moving, through providing additional routes or pivoting to air, rail, or a combination solution. Should there be a need to take a step back and pause the supply chain, we have multiple warehousing solutions close to key markets, keeping your products safe and secureuntilyouseeneworre-emergingopportunities. Visibility
The first step in gaining control of a situation, is to have overview of all the moving parts. By serving you as a unified Maersk, we can offer you access to our products like the Emissions Dashboard, Captain Peter, Maersk Flow and Supply Chain Development. This is just a fraction of the support you can access through Maersk. Another key example is our Supply Chain Resilience Model, created to help bolster your overview ofcurrentandfutureriskstoyoursupplychain.
Here, the holistic part also plays a key role. A good supply chain partner or logistics provider will help you through a difficult moment, but a truly useful one will be able to provide insight into how the future of your supply chain will or can look, and what issues may become apparenttoyou.
By working with a logistics provider that has an unmatched controlled-asset network, you have more overview of current and future trends and happenings and are able to access the solutions already being put intoplay.
Working with a unified Maersk means getting the strengths of our unified offering. Among many of the positives we see with this change, we have embedded the core of our companies into the soul of Maersk. The close and personal touch of Hamburg Süd that you have known will still be here, as will the even more expandedregionalexpertiseofSealand.
One of the things we pride ourselves on is learning and continuously evolving in line with your needs. Wearealwaysstrivingtoupskill,research,andinvestso we can understand and serve your business better. This means that everything we do, starts and ends with you. We research and create content to share with you, we are trailblazers in areas we know matter to our customers, and are always looking for ways to best connectwithyou.
Our goal is to continue to bring you regional and globalinsightsandexpertise,staybyyourside,andhelp youmakemovesthatworkforyou.
Partnership your way
At the core of our offering as a unified Maersk is you, andwithit,ourkeenunderstandingthatthereisnosuch thing as a “one-size-fits-all” approach. We know that our relationship with you is personal and unique and therefore,itcan’tbestandardised.
Some small to medium size beneficial cargo owners enjoy the swift action of digital options, whilst some larger multinational enterprises prefer to work with us for our integrated logistics, with end-to-end visibility and ease. Others might prefer only to use one logistical solution, whilst others choose to combine multiple productsandservices.
We work with you to find the right supply chain solutions for you and your business and look forward to supporting you in whatever way we can. A unified offering empowers you with the tools you need to grow yourbusiness.
(EPIC / IPAK)
Helsingborg, Gothenburg & Red Sea,
Gioia Tauro (D).
SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre
COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.
Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos
Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens,
Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP
TSS L'Global Ag. U.K., North Continent & Scandinavian Ports. Dronagiri-2
AMI Intl. AMI Global U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3
Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3
Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.
CFS Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr
Alligator Shpg. Aiyer Shpg. Jebel Ali.
BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS Seahorse Ship Gulf Ports.
LMT Orchid Gulf Ports.
Bay Line Freight Conn. Port Sudan & Al Sokhna
Hapag ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS 28/0829/08 TBATBA Shiling 0648 009E
Ethic 162E
CISC Service
KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3
TS Lines TS Lines (I)
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 19/0720/07
Gulf Barakah 2311E P0697
CU Lines Seahorse Ship Singapore, Shanghai, Ningbo, Hongkong, Taichung, Kaohsiung.
HMM Shpg. Port Kelang, Singapore, Laem Chabang, Caimep, Kaohsiung, Seabird CFS
Maersk Line Maersk India Pusan, Indonesia, Thailand, Vietnam & Other Indland Destination.
(I) Singapore, Pusan, Shanghai,Ningbo, Shekou & South East Asia
Far East & China Ports. China India Express Service (CIX/ICX) Gold Star Star Ship Singapore, Kwangyang, Pusan, Shanghai, Ningbo Ocean Gate Sinokor Sinokor India Port Kelang, Singapore, Hong Kong, Kwangyang, Seabird CFS Busan, Shanghai, Ningbo & Other Inland Destination.
MSC Amsterdam QS331R
Interasia Elevate E025 P0717 276350-06/07 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS
Wan Hai 307 E426 P0752 276559-10/07 COSCO COSCO Shpg. Ningbo, Shekou.
Wan Hai 309 E16
(CI2) (CI2) HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.
21/0722/07 TBATBA X-Press Antares 23004E P0685 276065-03/07 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou
24/0725/07 TBATBA Kota Lumba 0104E P0755
The above vessel has arrived at BMCT on 14/07/2023 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 :
29/0703/08
NOTICE TO CONSIGNEES
Masan, Kobe.
m.v. “CIMBRIA” (ZIM VOY: BD5 275/E) I.G.M. No. 2349064 Dtd. 12-07-2023
The above vessel has arrived at BMCT on 14/07/2023 with Import Cargo in containers.
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. Tel : 91-22-4252 4301 Fax : 91-22-4252 4142
The captioned vessel is due to arrive at MUMBAI Port on 19.07.2023 with import cargo from CHINA.
Consignee expecting import cargoes on the captioned vessel are requested to present the 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 consignees risks and costs.
"STAMP DUTY" is payable as per the directive of the Superintendent of stamps.
Consignees will please note that the carrier and/or their agents are not bound to send individual notification 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 consequences arising thereof.
In view of the customs notification in respect to the amendments to the manifest, the consignees are requested to contact the vessel agents office at least 2 working days prior vessels arrival to verify and confirm that the declarations in the manifest to be filed are in conformity with the Bills of Lading issued and in possession of the consignees.
In the event of the consignees fail to present their documents for verification and confirm the correctness of the manifest prior filing of the same, the onus of any amendment that will be required after the filing of the manifest with the customs will be on the consignee/receivers who will be responsible for all risk, costs and consequences that may arise. Consignees requiring a steamer survey to be conducted for goods discharged may contact the agent’s office for the same.
As Agents2348563 Lian Xi Hu Interocean
724 2348515 Dee4 Ilex Interocean 07-06-2023
726 2348583 Ginga Lion GAC Shpg.
734 2348661 Good Luck 1 Mitsutor
735 2348576 Eva Gold JMBaxi 10-06-2023
737 2348761 Flamingo 1 Interocean
741 2348631 Bay Spirit Samudra
742 2348695 JBU Opal J M Baxi
743 2348855 Weco Laura Upasana Shpg.
745 2348677 Vinayak Tauras
746 2348828 Jag Rani Chowgule Bros
747 2348871 Papora Wisdom Aditya Marine
750 2348663 Bow Neon GAC Shpg. 11-06-2023
754 2348908 Ionic Unicorn Seascape
757 2348900 Mohsen Ilyas Seacoast
758 2348860 Kuwana DBC
EUROPE & CIS PORTS
JAMNAGAR (BEDI) PORT
(As on 12-07-2023)
MULDWARKA PORT
(As on 12-07-2023)
NB The data in this Daily pertaining to Ports Information is received by us, sometimes even at the eleventh hour by telephonic messages from the concerned Steamer Agents. Therefore, there is every likelihood of last minute change in the data published the Management 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.
Cont’d. from Pg. 3 Commentingonthe new office, Mr. Henry Schmidl, SeaLead Managing Director, said, "The Mumbai office marks a crucial progression for SeaLead's South Asia expansion. Our focus remains on delivering excellent shipping solutions, driving efficiency and value for our customers. This office allows us to further enhance our servicedeliverytomeetthemarket'srequirements."
The Mumbai office will not only augment SeaLead's existing services but also present new opportunities for shippers in the region. Currently, SeaLead operates two main services from the Western India region: WARM, connecting India's key ports with Egypt, Turkey, andSaudiArabia;andIDEA,whichoffersSwiftShipping solutions from key ports in India and the United Arab Emirates to East Africa. Further expansion is expected inthenearfuture.
Mr. Shiva Mahadevan stated, "The Mumbai office demonstrates our commitment to delivering top-quality services to our South Asia customers. It will enable us to further develop and optimise our services to
keepupwiththeindustry'sevolvingneeds.”
AboutSeaLeadShipping
SeaLeadShippingPteLtdisaprivately-ownedglobal shipping line founded in 2017 and headquartered in Singapore.SeaLeadhasapresencein21countriesandis focused on enabling and simplifying international trade amongmajoreconomiesandemergingmarkets.
Company now expects to generate in 2023 Adjusted EBITDA of $1.2-$1.6 Billion and Adjusted EBIT Loss of $500-$100 Million
HAIFA: ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a Global Container Liner Shipping company, updated its guidance for the full year of 2023. The company now expects to generate Adjusted EBITDA of $1.2 billion to $1.6 billion and Adjusted EBIT loss of $500 million to $100 million, compared to its prior guidanceofAdjustedEBITDAofbetween$1.8billionand $2.2billionandAdjustedpositiveEBITofbetween$100to $500million.
ZIM's updated full-year 2023 guidance is driven primarily by continued weakness in freight rates across allthecompany'strades,particularlyintheTranspacific, whichisnowexpectedtocontinueduringthesecondhalf of 2023. Volume growth is also expected to be lower than originally forecasted, as demand continues to be subdued.
Eli Glickman, ZIM President & CEO, said "Near-term container shipping market conditions continue to be challenging, with demand expected to
remain muted for the remainder of the year. While our second quarter results are broadly in-line with our expectations, we no longer anticipate an improvement in freight rates in the second half of 2023, consistent withseasonality,aspreviouslyassumed."
Mr. Glickman continued, "During this downturn, we will continue to actively manage and rationalize our fleet and services, to maximize our cash position, while remaining true to our customercentric approach, a hallmark of ZIM's success. We expect our strong balance sheet and ample cash to continue serving ZIM well and allow us to maintain a long-term view. As we look to the future, we believe that our cost-effective and fuel-efficient newbuild capacity, particularly our newbuild LNG vessels, will markedly improve our cost structure and competitive position, allowing us to deliver sustainable value for both customers and shareholders over the long term."
TAIPEI: Taiwanese container shipping major Evergreen Marine has sealed the order for twenty-four methanol dual-fuel containerships in a monumental step towarddecarbonizingitsfleet.
The construction deal has been divided between industry major Samsung Heavy Industries (SHI), and Nihon Shipyard, a joint venture between Japan Marine UnitedCorporation(JMU)andImabariShipbuildingCo., Ltd.,whichwasestablishedin2021, Underthelucrativecontract,SHIhasbeenentrusted with the construction of sixteen 16,000 TEU methanol dual fuel container vessels from the series. Evergreen Marine will be paying between $180-210 million per vessel,thecompanysaid.
Nihon Shipyard will build the remaining eight units underthesameterms.Intotal,Evergreenisexpectedto spendupto$5.04billionontheinvestment.
The 24-strong newbuilding fleet is expected for deliverybetween2026and2027.
The ordering spree comes as a tremendous vote of confidence in methanol as a future-proof fuel for the shipping industry at a time when orders in the sector have exceeded 100 ships featuring methanol-powered engines.
In addition, the need for fleet rejuvenation and investment in cleaner fuels coincides with a revised decarbonization strategy for shipping adopted by the IMO which aims to reach net-zero “by or around, i.e.,closeto2050”.