MUM-14-08-2023

PSA BDP and Dow India collaborate to create a Zero Emissions Green

Transport Corridor in Nhava Sheva with Electric Trucks in 2024

PHILADELPHIA:

PSA BDP, a leading provider of globally integrated and port-centric supply chain, transportation, and logistics solutions, has signed a Memorandum of Understanding (MOU) with Dow Chemical International Pvt. Ltd. (Dow India) announcing a first-of-its-kind sustainable transport solution in India PSA BDP will deploy electric trucks for Import and Export container trucking via PSA International’s (PSA) Mumbai, Ameya and additional terminals to Dow India’s facilities beginning in 2024

Cont’d. Pg. 31

CULINES enhances its VGX service providing Direct coverage from Nhava Sheva to Middle East

BEIJING: In response to market demand and to further strengthen its service network, CULines, in collaboration with ESL, KMTC, and RCL, will upgrade the VGX service The revamped VGX service will commence on 5thSeptember2023fromHoChiMinh

10

Allcargo Logistics reports a consolidated PAT of Rs. 119 crores for Q1FY24 Refer Pg. 31

FFFAI organises Meet on Role of Inland Waterways and Land Ports to promote cross border trade Refer Pg. 4 & 6

FFFAI organises Meet on Role of Inland Waterways and Land Ports to promote cross border trade

KOLKATA: The Federation of Freight Forwarders’ Associations in India (FFFAI) organised a hybrid (both physical and virtual mode) meeting on the Role of Inland Waterways and Land Ports with an objective of promoting cross border trade by effective utilization of multimodal transport systems. The meet held on August 4, 2023, in Kolkata, was addressed by Mr. Shankar Shinde, Chairman, FFFAI; Mr. Aditya Mishra, IPS, Chairman, Land Port Authority of India; Mr Arvind Kumar, Director, Inland Waterways Authority of India; Mr Dushyant Mulani, Chairman Elect, FFFAI. Mr. Sudip Dey Vice Chariman FFFAI to elaborate on the importance and recent developments on Inland Waterways and land ports in facilitating international trade, especially in the East/Northeast region of India.

According to Mr Shinde, Inland Waterways as well as surface transport networks are the most crucial modes to expand both interstate as well as cross border trade especially in East & Northeast India with ease and costeffective manner He commended the initiatives of the Inland Waterways Authority of India and Land Port Authority of India in facilitating international trade “The initiatives of the Government of India in promoting inland waterways and land ports to increase cross border trade are highly commendable. FFFAI is committed to

support the Government’s initiatives in this regard for the larger interest of the Export Import trade,” he emphasized Mr Shinde appealed to the FFFAI members as well as the freight forwarding/logistics industry fraternity to explore these cost-effective transportation modes at the optimum level. He also pointed out the government’s initiatives on creating the infrastructure, connectivity, and bilateral talks to increase Export Import trade with the South Asia & ASEAN countries And such initiatives are not only limited to expanding our Indian trade but also support the 3rd country transshipment cargo facilitation with land lock countriesprovidingIndianGatewayports Developments on Inland Waterways:

In his presentation Mr. Arvind Kumar highlighted the recent developments in the Inland Waterways front He stressed upon the fact that Inland Water Transport (IWT) is the most economical mode of transportation, especially for bulk cargo like coal, iron ore, cement, food grains and fertilizer Presently, it remains underutilized at a share of 2% in India’s modal mix. Government intends to increase the share of IWT to 5% as per Maritime India Vision (MIV)-2030. He also emphasized on various economic and environmental benefits of IWT. Cont’d.

Mr. Shankar Shinde, Chairman, FFFAI felicitates

Mr Aditya Mishra, IPS, Chairman, Land PortAuthority of India. Aslo present is Mr. Dushyant Mulani, Chairman Elect, FFFAI.

Mr. Vinod Sharma, Hon. Secretary, FFFAI felicitates

Mr Arvind Kumar, Director, Inland WaterwaysAuthority of India in presence of FFFAI Chairman Mr. Shankar Shinde, Chairman Elect Mr. Dushyant Mulani and Immediate Past Chairman Mr A.V. Vijayakumar

FFFAI organises Meet on Role of Inland Waterways and Land Ports to promote cross border trade

Cont’d. from Pg. 4

Mr. Kumar elaborated on development work under Jal Marg Vikas Project-II (Arth Ganga) which is based on the principles of the sustainable development model to energize economic activities, which will lead to inclusive growth and play a key role in improving the livelihoods of the population with the transportation of goods and passengers (including tourist) through National Waterways No. 1(River Ganga).

On new projects pertaining to connectivity Mr. Kumar stated that there are several projects underway which include multimodal connectivity and infrastructure at Jogighopa & Pandu in Assam. These include connectivity to Pandu from NH (length – 1150m), development of Repair Slipway at Pandu, Intermodal Terminal at Dhubri (Assam), floating Jetties at Dhubri, Jogighopa, Pandu, Uzan Bazar, Silghat, Biswanathghat, etc. He also highlighted the developments regarding ease of navigation.

Further, he highlighted the recent addition of new Ports of Call and routes in India and Bangladesh under PIWT&T (Protocol on Inland Water Transit and Trade). According to IWAI, with 7 new ports of call in addition to existing 6 on each side along with addition/ extension of 2 waterway routes in addition to existing 8 routes under PIWT&T between India and Bangladesh, the accessibility of IWT mode for trade between India and Bangladesh is expected to increase and result in growth of traffic on NWs.

On expansion of trade to ASEAN countries Mr Kumar pointed out that the Union Minister for Ports, Shipping and Waterways Mr Sarbananda Sonowal and Myanmar's Deputy Prime Minister Admiral Tin Aung San on on 09th May’2023 inaugurated the Sittwe Port in Myanmar and received the first Indian cargo ship. Use of Chattogram/Mongla (Bangladesh) for Use of India’s Transit Cargo:

Pondering on the new development on new transit routes concerning Northeast India he stated that pointed out the recently concluded Transit Agreement between India and Bangladesh. According to this agreement, the National Board of Revenue (NBR) of Bangladesh issued a “permanent transit order” on 25th April 2023. Under this agreement major ports included are: Dawki- TamabilChattogram Port; Sutarkandi- Sheola- Chattogram Port; Agartala- Akhaura- Chattogram Port; Dawki- TamabilMongla Port; Sutarkandi- Sheola- Mongla Port and Agartala- Akhaura- Mongla Port.

Regarding connectivity on BBIN (Bangladesh, Bhutan, India and Nepal) road routes Mr Mishra highlighted the landmark BBIN Motor Vehicle Agreement to facilitate the seamless flow of passenger, personal and cargo vehicular traffic between and among the BBIN countries.

Land Ports fall along the major BBIN trade corridor routes, are: Kolkata-Petrapole-Dhaka; ChhatogramSabroom-Agartala-Sylhet; Agartala-Dhaka-PetrapoleKolkata; Kakarvitta-Siliguri-Guwahati; Kakarvitta-SiliguriDhaka; Phuntsholing-Siliguri-Dhaka-Agartala-Sabroom and Phuntsholing-Siliguri-Kakarvitta.

The Meet, which was participated by all Office Bearers and members of FFFAI including a large number of logistics industry stakeholders from across the country, was concluded with Mr Sohel Kazani sharing users perspective on connectivity and infrastructure requirements and vote of thanks from the FFFAI Chairman Elect Mr Dushyant Mulani He also emphasized on cost effective Inland Waterways as well as surface network for cross border trade by judiciously utilizing the multimodal transportations. Urging for better navigation on inland waterways and streamlining the transit at the Land Port Borders

Mr Mulani lauded the recent initiatives of IWAI and LPAI including digital initiatives to facilitate the cargo movement across the border

Potential Land Ports in NER:

Developments regarding Land Ports:

India’s Land Ports are strategically located at Key Entry and Exit points, facilitating trade with neighbouring countries Currently, there are 12 land ports including operational and planned at the India-Pakistan, IndiaBangladesh, India-Nepal and India Myanmar borders Elaborating on the recent developments of Land Port facilities Mr. Aditya Mishra informed that Land Port Authority of India (LPAI) has implemented various digital initiatives to align with the ‘Digital India’ mission and reduce logistics costs. These digital measures aim to enhance port operations and optimize logistics sector efficiency “With a vision for the future, LPAI is in process to develop and deploy the Land Port Management System. Single window system which brings all stakeholders under one roof, hence bringing about transparency and trust among all have been initiated. Digitalization of all trade and passenger related procedures, such as parking, warehousing, clearances and payment of all charges are being done,” he shared.

Mr Mishra also informed that LPAI is implementing advanced technology like biometric recognition, advanced scanners, and state of art surveillance cameras with analytics to realise the vision of a digital security and surveillance system, ensuring 24/7 coverage and reducing potential risks at land ports.

Connectivity with Waterways

CULINES enhances its VGX service providing

Direct coverage from Nhava Sheva to Middle East

Vessels also Upsized

Cont’d. from Pg. 2

It will be helmed with 6 vessels of sizing ranging from 4,500 to 5,500 TEU on a 42-day round voyage. The new VGX service rotation will enhance the service coverage and provide a fast transit between Southeast Asia and India/Middle East. The main features of the new VGX service are:

1.Vietnam/Thailand/Malaysia direct service to India and Middle East

•The only direct service in the market connecting Ho Chi Minh and the Middle East.

•The only direct service in the market connecting Laem Chabang and Sohar, Oman.

2.Fast connection between West coast of India and the Middle East

•Additional Westbound Nhava Sheva call, enabling a direct service from West coast India to the Middle East.

3.Direct Reefer service from Vietnam, Thailand, Malaysia to West coast India and Middle East in both directions

•Reefer service for cargo such as ginger, coconuts, and other perishable goods.

4.Transshipment service

•From Ho Chi Minh/Laem Chabang/Port Klang to Hamad via Jebel Ali.

•From Japan/Korea/Taiwan to West coast India and Middle East via Port Klang.

The new VGX service rotation is Ho Chi Minh – Laem Chabang –P o r t K l a n g ( We s t p o r t ) –NhavaSheva–JebelAli–Dammam – Sohar – Nhava Sheva – Port Klang (Westport) – Ho Chi Minh.

Logistics Listed a 2023 Top 30 Logistics Service Provider in the U.K.

CEVA

MARSEILLE: CEVA Logistics recently gained recognition for its exemplary performance in the U.K., ranking among the top 30 U.K. logistics service providers by the Chartered Institute of Logistics and Transport (CILT). The 2023 ranking represents the sixth year of the CILT UK list, which evaluates both major global logistics players and local, family-owned businesses in the U.K.

CEVA came in at number 19 on the annual list following a thorough analysis across eleven categories relating to CEVA’s U.K. financials, performance,

professional accreditation, gender pay gap, modern slavery statements and human resource factors.

CEVALogisticsispartoftheCMACGMGroup’smission to contribute to sustainable globalization while respecting humanity and the planet The Group’s Corporate Social Responsibility approach is based on three pillars: Acting for People, Acting for the Planet and Acting for Responsible Trade. With a truly global footprint, CEVA’s 110,000 employees showcase the collaborative power of a workforce philosophybasedonacultureofteamworkandrespect.

Licence-free import of laptops only till October 31

NEW DELHI: The Government has received interest from companies such as HP and Dell towards its new and upgraded production-linked incentive scheme for IT hardware manufacturing and has made it clear t h a t t h e r e w i l l b e “ n o m o r e extensions” beyond the October 31 deadline for those selling laptops in India through the import route without a licence.

A t o p s o u r c e i n t h e I T & electronics ministry told that the government remains firm on the deadline by when licence-free

imports will be allowed, even when there is demand from the industry to extend the relaxation by around 9-12 months. “From November 1, the new rule that mandates a licence for importing laptops and tablets to India will come into play. This date will be maintained,” the source said.

After mandating a licence for import of laptops and tablets to the country on August 3, the government had decided to defer the decision till October-end, amid fears that curbs could limit supplies in the market during the festive period.

T h e G o v e r n m e n t h a d t h e n stepped into damage control mode as top companies such as Samsung, Apple, HP and others were forced to stop shipments into the country as they needed a licence to keep the supply chain going. The government had given a notice of just over 12 hours before putting in place the new regime, which faced flak from several quarters There was discomfort in sections of the industry as well as on social media that the Government was trying to drive in a licensing regime through an “ad-hoc decision”.

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

Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre

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

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

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

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

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

RED SEA & MED. PORTS from BMCT

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

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

TO

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

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

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

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

Umm Qasr

COASTAL

Alligator Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte

Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

& Upper Gulf Ports.

Team Leader Team Leader Dubai, Jebel Ali

PORTS From BMCT

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

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

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

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

Ethic 162E P0923 278054-31/07 Evergreen Evergreen Shpg. P.Kelang, Tanjun, Pelepas, Singapore, Xingang, Balmer Law. CFS Dron.

28/0829/08 TBATBA Shimin 15E P0934 278239-03/08 Unifeeder Feedertech/TSA Qingdao, Shanghai, Ningbo. Dronagiri

03/0905/09 TBATBA Wide Alpha 238E

11/0912/09 TBATBA Ever Eagle 174E

PIL/ONE PIL India/One(I) —/—

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

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

PORTS from GTI

EAST, CHINA & JAPAN PORTS from BMCT

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

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT

LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT

TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from GTI

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

MUMBAI ETA ETD Vessel's Voy Rot Carting Line Agents Will Load For Name No No & Dt Point

TO LOAD FOR UK, NORTH CONT, SCAN, BLACK SEA, EAST EUROPE & CIS PORTS

TO LOAD FOR MED / RED SEA & WEST ASIA GULF PORTS

TO LOAD FOR KARACHI, COLOMBO, YANGOON AND BANGLADESH PORTS

TO LOAD FOR USA, CANADA, ATLANTIC & PACIFIC, SOUTH-CENTRAL AMERICA & WEST INDIES PORTS

22/0827/08 CP Atlantic 36 1070725-09/08 Chipolbrok Samsara Shpg. Houston.

TO LOAD FOR FAR EAST / EAST, WEST & SOUTH AFRICA / AUSTRALIA & NEW ZEALAND PORTS 23/0824/08 Don Quijote 143 Eukor Car Carr Parekh Marine Singapore.

NOTICE TO CONSIGNEES

ZIM INTEGRATED SHIPPING SERVICES

m.v. “OOCL HAMBURG” V-144E (OHA-144/E)

The above vessel is arriving at GTI on 14/08/2023 with Import Cargo in containers.

Item Nos.

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. IfthereisanydelayinCY-CFSmovementduetoportcongestionLine/Agentarenotresponsibleforthesame.

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

ZIM INTEGRATED SHIPPING SERVICES (INDIA) PVT. LTD.

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

NOTICE TO CONSIGNEES

The above vessel has arrived at BMCT on above mentioned date with Import Cargoes in containers.

Consignees are requested to obtain the Delivery Order by surrendering ORIGINAL BILLS OF LADING duly discharged on payments of relative charges as applicable within 5 days or else detention charges will be applicable.

Consignees will please note that the carriers of their agents are not bound to send individual notification regarding arrival of the vessel or the goods. For detailed information on cargo availability, please contact our office.

*Note: The importers having AEO status and those who are availing DPD facility for containerized cargo are allowed to pay Terminal Handling Charges (THC) directly to Ports/Terminal through their P.D Accounts. Upon making THC payment importers are requested to submit proof of payment duly stamped and acknowledged by Port/Terminal to Avana Global FZCO for issuance of Delivery Order (DO) without Avana Global FZCO’s THC Invoice and Receipt.

Visit our Website : www.avanalogistek.com for Import Vessel arrival & IGM details

UNIFEEDER AGENCIES INDIA PVT. LTD.

As Agents of : UNIFEEDER FZCO

D:301-305, Level 3, Tower -II, Seawoods Grand Central, Plot No. R1, Sector 40, Nerul Node, Navi Mumbai 400706 • Email : dhirendra.singh@unifeeder.com

HMM reports stable net income in H1 2023 amid unfavorable market condition

SEOUL : • The revenue stood at KRW 4,212 billion with an operating profit of KRW 467 billion in H1 2023

• The net profit was KRW 610 billion, with a margin of 14.5% in H1 2023.

• For the second quarter, revenue and operating profit came to KRW 2,130 billion and KRW 160 billion, respectively Net profit reached KRW 313 billion.

• The financial structure has remained strong HMM’s debt-to-equity ratio slightly improved to 24% in June 2023 from 26% in December 2022.

1. Financial Results (Consolidated)

supply chain normalization at major ports and inland regions. The cascading effect of larger vessels from the main east-west trades to smaller lanes intensified the imbalance between supply and demand.

• Consequently, the freight rates in most key trade lanes have been under downward pressure during H1 2023. The Shanghai Containerized Freight Index (SCFI) in H1 2023 was 976 points on average, significantly down 78% from 4,504 points in H1 2022.

• In the case of Transpacific trade, we expect to see a gradual recovery in cargo volumes as a rebound in inventory restocking and a soft landing for the U.S. economy are likely to come to fruition, with no drastic changes in the supply side in the near term.

2. Outlook & Plans

• The container shipping industry has been experiencing an overcapacity, mainly led by the influx of new containerships ordered during the pandemic and

• HMM will continue to carry out service adjustments such as introducing the FIM (Far East Asia, India and the Mediterranean Sea) routes, cost-cutting measures and enhance operational efficiency to cope with market uncertainty.

CMA CGM on track to overtake Maersk in TEU capacity : Alphaliner

LONDON: A few years ago, it would seem impossible that Maersk will be in third place in the ranking of the world’s largest container lines, but according to current data, this will be the reality of the industry in the next years.

French ocean carrier CMA CGM is on track to overcome the Danish shipping company and become the second-largest container carrier in terms of vessel container capacity

The current box capacity of the Maersk fleet stands at 4,149,918 TEUs with a 15 2% market share, while CMA CGM holds 12.8% of the market with 3,514,318 TEU capacity

According to Alphaliner data, CMA CGM has the second-largest orderbook after MSC, while Maersk has

Therefore, if there are no drastic changes in newbuilding orders from the two shipping giants, the Marseille-based ocean carrier is expected to climb to the second place, once it receives its new vessels.

not invested as heavily as its competitors in newbuilding container ships. In particular, CMA CGM expects to add 1,211,371 TEUs to its overall fleet capacity from its current orderbook which includes 117 ships, while Maersk will enhance its capacity with only 404,800 TEUs from 33 new vessels

It is known that Maersk has decided to proceed with an integration s t r a t e g y i n recent years, so the company m a y h a v e w i l l i n g l y stepped back o n t h e n e w b u i l d i n g programme to focus more on other areas and activities. So far, that strategy doesn’t seem to have paid off for the Copenhagen-based company. It will be interesting, however, to see if Maersk will continue to follow that strategy or decide to make some changes after the weaker financial results.

m.v. “OOCL HAMBURG” V-144E (OHA-144/E)

The above vessel is arriving at GTI on 14/08/2023 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 :

Paradip Port Authority becomes fastest Major Port to handle 50 MMT Cargo in current fiscal

PARADIP: Paradip Port achieved a major milestone by clocking r e c o r d c a r g o throughput of 50 16 MMT Cargo on 8th August, 2023, by exhibiting 6 5% growth over the corresponding period of previous fiscal. This feat has been achieved by the Port in 129 days in the current fiscal compared to 140 days during the previous year PPA has also handled record 942 nos of Vessels in comparison to 812 nos handled in the corresponding period of previous fiscal.

F o r t h e a b o v e f e a t , Shri P.L. Haranadh, Chairman,

Shri Sarbananda Sonowal, Union Minister of Port Shipping and Waterways (MoPSW) under whose dynamic leadership and guidance, PPA could turn a new chapter He said, “

To g e t h e r, w i t h t h e unwavering support of our dedicated workforce and the collective will of our nation, we shall continue to script remarkable success stories for Paradip Port a story that exemplifies growth, sustainability, and a brighter tomorrow for generations to come.”

Shri Haranadh also congratulated all Officers/Employees, the user Industries, Stevedores, Steamer A g e n t s , Tr a d e U n i o n s , P P P Operators to have their continued faith in the ability of the Port to serve them.

high Ship deliveries boost Container Fleet Capacity by 4.3% : BIMCO

Record

OSLO: The contracting of new ships has slowed since its record in 2021 but has year-to-date remained twice as high as during the 2010s. The 1.3 million TEU contracted so far this year has therefore kept the order book high, only 3,000 TEU short of the record 7 6 million TEU reached in March 2023.

The order book is in fact so large that ship deliveries are expected to exceed the previous full-year record of 1.7 million TEU three years in a row Based on current estimated delivery dates, a total of 2.4, 2.9, and 1.9 million TEU are expected to be delivered in 2023, 2024 and 2025 respectively Recycling of ships is also expected to increase in the coming years. More energy efficient ships will replace less efficient ones as owners aim to reduce greenhouse gas emissions.

Despite recycling of older ships, the fleet is still expected to grow by approximately 4 5 million TEU between early 2023 and early 2025, increasing the fleetcapacitybynearly18%

The increase in fleet capacity comes at a time when current trade growth in many key regions is declining and global economy growth prospects for the coming years are weakening.

According to Container Trades Statistics, total global container volumes during the first half of 2023 fell 4.3% yearon-year and ended only 0.2% higher than during the first half of 2019. The all-important head-haul and regional trade lanes fell a combined 4.9% year-on-year but remained 3.1% higher than during the first half of 2019.

Fortunately, the head-haul and regional trade lanes improved in the second quarter as volumes fell 2.0% year-on-year and were 5.3% higher than in 2019.

Highlighting the current time charter and freight rate market weakness, head-haul and regional

trade volumes have grown 5 3% compared to Q2 2019 while fleet capacity has grown 17% Future supply growth may be tempered by reduced sailing speeds but further fleet capacity growth of about 15% in the coming year and a half underlines how supply side growth will remain a challenge for ship owners and operators.

Govt to come up with 60 quality control orders this year to stop imports of sub-standard goods

NEW DELHI: The Government will come up with 60 quality control orders (QCOs) this year for products such as consumer goods, rubber, paper and light engineering items with an aim to contain imports of substandard goods and boost domestic manufacturing, a senior government official said recently Secretary in Department for Promotion of

e (DPIIT) Rajesh Kumar Singh said

"fairly extensively" and so far 33 QCOs for over 127 products such as ACs, refrigerators, pipes, and safety valves have been issued "Right now, we are processing 60 new QCOs in association with BIS. These are crucial not only for the safety of consumers but also to improve quality standards," he told reporters here.

Speaking at the media briefing, Joint Secretary in DPIIT Sanjiv said these orders are issued for goods like

smart meters, nuts, bolts and fasteners. Violation of the law can attract a p e n a l t y o f u p t o t w o y e a r s o f imprisonment or with fine of at least Rs 2 lakh for the first offence which increases to Rs 5 lakh minimum for the second and subsequent offences. These orders are issued by the department in consonance with the WTO (World Trade Organization) Agreement on Technical Barriers to Trade (TBT) for industries falling under its domain.

MoPSW highlights measures to improve Coastal Infrastructure

W D E L H I : C o a s t a l development projects across the country have been identified by the Ministry of Ports, Shipping and Waterways These include projects from various categories such as modernisation of existing ports and terminals, new ports/ terminals, RoRo/ RoPax& tourism jetties, enhancement of port connectivity, inland water ways, lighthouse tourism, industrialization around ports, skill development, technology c e n t r e s e t c a n d a r e b e i n g implemented by the Central Line Ministries/ Departments, State Governments/ Departments and Major ports etc. Further, in the Union Budget 2023-24, Government of India h a s m a d e a n a n n o u n c e m e n t promoting coastal shipping as the energy efficient and lower cost mode of transport, through PPP mode with viability gap funding. This will result in accelerated growth of coastal infrastructure leading to holistic development of coastal areas. Under Sagarmala Scheme, Ministry of Ports, Shipping and Waterways has partially funded 171 projects worth Rs. 10,960 Cr across coastal states and UTs.

Out of 171 projects, 53 projects worth Rs 3,310 Cr have been completed and 118 projects worthRs.

7,660 Cr are under various stages of implementation and development. The State/UT-wise details of the Sagarmala funded projects are attached as Annexure-I.

The Ministry carries out regular meetings with the stakeholders to understand the concer ns and specific issues hindering the progress of implementation of projects and make requisite efforts to iron out the difficulties to ensure

timely execution of projects Further, the Ministry, from time to time, holds Maritime States Development Council (MSDC) meetings as a framework of consultative planning where challenges and opportunities in marine sector are discussed for creating synergy and to ensure the o p t i m u m m a n a g e m e n t a n d utilization of the available coastline by way of participation of all stakeholders.

Government reviewing FTAs with ASEAN, Korea, says MoS Commerce Anupriya Patel

NEW DELHI: The Government is closely monitoring all the free trade agreements which it has signed and based on stakeholder consultations, existing FTAs with ASEAN and Korea are being reviewed, Parliament was informed recently. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Anupriya Patel said the Government is

negotiating FTAs with the European Union, the UK, European Free Trade Association(EFTA)andCanada

These negotiations or its review are a long-drawn process and the timeline for completion of such negotiations cannot be predicted since the parties to the negotiations are required to agree to the outcome, she said.

"India has signed 13 Free Trade Agreements (FTAs) and 6 Preferential Trade Agreements (PTAs) with its trading partners The government is closely monitoring these FTAs and based on stakeholder consultations, the experience and assessments thereof, the government is in the process of reviewing its existing FTAs with ASEANandKorea," the Minister said.

Japan funded Bangladesh Deep Sea Port : Game changer in Bay of Bengal

NEW DELHI: India, Japan and Bangladesh trilateral could transform Bay of Bengal region through multiple connectivity corridors and industrial value chains.

This was theme of Asian Confluence, (premier Think Tank based in Shillong) organised colloquium in New Delhi in partnership with the Embassy of Japan, New Delhi, titled “Towards a Connected and Prosperous Bay of Region: Perspective on the Northeast India and Bangladesh Connectivity” on Friday

In his remarks, Hiroshi Suzuki, Ambassador of Japan to India, emphasized the need for development of industrial value chains in the region and

said that the upcoming Matarbari deep seaport in Bangladesh could be a real gamechangerintheBayofBengalregion.

Highlighting the importance of the Bay of Bengal and the strategic role of Bangladesh, Md. Mustafizur Rahman, High Commissioner of Bangladesh to India, said, along with road, rail, and water connectivity, there is a need to focus on air connectivity and people-topeople connectivity.

Smita Pant, Joint Secretary (Bangladesh, Myanmar), Ministry of External Affairs, highlighted the great strides made by India and Bangladesh in improving trade, that Bangladesh can now use Kolkata and New Delhi airports

for third country exports and the need to focus on railway, Inland Waterway Tr a n s p o r t a n d o t h e r f o r m s o f connectivity projects between India and Bangladesh.

O n t h i s s p e c i a l o c c a s i o n , a comprehensive report entitled “Assessing Connectivity between Northeast India and Bangladesh: Towards a Prosperous Bay of Bengal Region” was released.

The report is based on a thorough study conducted by Asian Confluence on connectivity between Northeast India and Bangladesh and is based on primary inputs based on field visits, surveys and stakeholder consultations.

India developing 11 Industrial Corridor Projects across the Country in phased manner

NEW DELHI: Government of India is developing eleven (11) Industrial Corridor Projects as part of the National Industrial Corridor Programme across the country in a phased manner. The d e t a i l s o f t h e s e i n d u s t r i a l c o r r i d o r s a n d p r o p o s e d d e v e l o p m e n t a l a c t i v i t i e s o f approved projects are given below:

As per the approved institutional and Financial structure for the industrial corridors, the Government of India, through National Industrial C o r r i d o r D e v e l o p m e n t & Implementation Trust (NICDIT), provides funds as equity/debt for the development of world-class trunk infrastructure in the industrial

nodes/regions under industrial c o r r i d o r s a n d t h e S t a t e s a r e responsible for making available contiguous and encumbrance free land parcels.

Out of the allocated funds up to 31.07.2023, DPIIT has sanctioned and released funds amounting to Rs. 9,899 89 crore for the Industrial Corridor Project, which has been utilized to the extent of Rs. 9,816.98 crore.

Following 11 industrial corridors

a r e b e i n g d e v e l o p e d b y Government of India in a phased manner:-

1. Delhi Mumbai Industrial Corridor (DMIC)

2. Chennai Bengaluru Industrial

Corridor (CBIC)

3. Amritsar Kolkata Industrial Corridor (AKIC)

4. East Coast Industrial Corridor (ECIC) with Vizag Chennai Industrial Corridor (VCIC)

5. Bengaluru Mumbai Industrial Corridor (BMIC)

6. Extension of CBIC to Kochi via Coimbatore

7. Hyderabad Nagpur Industrial Corridor (HNIC)

8. Hyderabad Warangal Industrial Corridor (HWIC)

9. Hyderabad Bengaluru Industrial Corridor (HBIC)

10. Odisha Economic Corridor (OEC)

11. Delhi Nagpur Industrial Corridor (DNIC)

Non-tariff barriers emerging as potent tool to disrupt legitimate textiles trade: AEPC

CHENNAI: Non-tariff barriers (NTBs) are gradually emerging as a potent tool to damage and even disrupt legitimate textiles trade, apparel export promotion council (AEPC) said on Thursday. As many as 131 NTB notifications are issued related to the textile sector since 2019 with Uganda at the top position with 71 notifications, it said.

It was followed by Ecuador (10), China (8), Taiwan (7), Israel (5), USA (4), and Peru (3).

T h e s e b a r r i e r s i n c l u d e c e r t i f i c a t i o n s , i n s p e c t i o n s , regulations, standards, SPS (sanitary and phytosanitary – related with plants and animals) measures, and

technical barriers to trade (TBT). These measures are by and large in conformity with the rules of the World Trade Organisation (WTO).

But when these measures are used unfairly, in violation of WTO agreements to discriminate against imports and restrict market access, then they become non-tariff barriers hampering legitimate trade.

The council has organized a webinar on emerging non-tariff barriers in the apparel export sector with an aim to sensitize the industry about the issue.

Mithileshwar Thakur, Secretary General, AEPC, said: “NTBs have slowly but surely emerged as a potent

tool to damage and even disrupt legitimate trade.”

Of late, innovative ways were b e i n g e x p l o r e d b y d e v e l o p e d economies like the European Union to restrict imports from developing countries, he said.

Legislations like CBAM (Carbon Border Adjustment Mechanism) and E U D R ( E U D e f o r e s t a t i o n Legislation) are violative of WTO agreements and bound to make Indian exports to the EU less competitive, he added.

“Ways and means need to be explored to handle the challenges arising out of these legislations,” Thakur said.

Growth in services exports slowing amid weak external demand: RBI Governor

MUMBAI: Merchandise trade deficit has narrowed in Q1 of 2023-24 with contraction in imports exceeding contraction in exports, Reserve Bank of India (RBI) Governor Shaktikanta Das said recently

“Services exports and remittances are, however, expected to provide cushion to the current account deficit. We, therefore, expect CAD to remain eminently manageable during the current financial year also,” he said. “Merchandise exports and non-oil, non gold imports contracted further in June and the growth in services exports decelerated amid slowing external demand ” India’s merchandise trade deficit narrowed to $20 13 billion in June, compared with $22 1 billion in May The trade deficit contracted slightly as the decline in imports was more than the fall in exports.

Merchandise exports stood at $32.97 billion, while imports were $53.10 billion

in June. Merchandise exports were $42 28 billion in June 2022 In the previous month, merchandise exports were $34.98 billion, while imports stood at $57.10 billion.

On the other hand, the estimated value of services export for June 2023 was $27.12 billion, as compared to $26.92 billion in June 2022 India’s overall exports (merchandise and services combined) in June 2023 is estimated to be $60.09 billion, which is -13.16% over June 2022, according to PIB release in July

Overall imports in June 2023 is estimated to be $68.98 billion, which is13.91 % over June 2022. India’s overall exports (merchandise and services combined) in April- June 2023 is estimated to fall 7 29 per cent over April-June 2022 Overall imports in April-June 2023 is estimated to decline 10.18 per cent over April-June 2022, according to the report.

“The slowdown in the world economy and tepid demand in major advanced markets have significantly impacted the engineering exports sector, which has reflected in a sharp decline in shipments Engineering exports from India conceded year-onyear decline for the seventh month in a row in June this year starting from December 2022. While the exporters are exploring new markets, the fiscal and monetary support remain crucial for the sector, which is key to generating jobs and earning forex,” said EEPC India Chairman Arun Kumar Garodia. Meanwhile, the RBI in its monetary policy committee meeting unanimously d e c i d e d t o k e e p t h e r

unchanged at 6.5%.

RBI generally conducts six bimonthly meetings in a financial year, where it decides interest rates, money supply, inflation outlook, and various macroeconomic indicators.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 14/08/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI CMA MUNDRA

TO LOAD FOR U. K. NORTH CONTINENT, MEDITERRANEAN, BLACK SEA, RED SEA, EAST EUROPE & CIS PORT

ADANI MUNDRA AUTOMOBILE TERMINAL

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

TO LOAD FOR FAR EAST, JAPAN, CHINESE PORTS & AUSTRALIAN PORTS

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

JAMNAGAR

(BEDI)

PORT

(As on 14-08-2023)

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSICT

PSA BDP and Dow India collaborate to

create a Zero

Emissions

Green Transport Corridor in Nhava Sheva with Electric Trucks in 2024

Cont’d. from Pg. 2

The trucks will b e p o w e r e d b y PSA Mumbai’s 6.25MW Open Access Solar Plant, which is expected to be commissioned later in 2023.

This new zero-emission transportation solution is unique to the Indian market and will create an integrated and eco-friendly combination of services from PSA BDP , that delivers greater optionality and connectivity for Dow India and other PSA BDP customers who are seeking more sustainable solutions With the shipping and transportation industry focused on reducing greenhouse gas emissions, corporations worldwide are engaging in more sustainable actions and initiatives to reduce their carbon footprint along the supply chain.

Gearing up for the launch of this new transport solution, PSA BDP has invested in a fleet of electric trucks from a leading EV truck producer in the region to be used for this initiative and other customer collaborations The trucks can carry a fully loaded container up to 200 kilometers, resulting in annual carbon emissions reduction of over 300 tonnes compared to their diesel counterparts. The investment further demonstrates PSA BDP’s aim to be an industry leader committed to delivering innovative and sustainable port and cargo solutions.

On this occasion, Mr. Siddhartha Ghosal, Research & Development and Technical Ser vices & Development Director, Dow India commented, “In our continuous pursuit of a sustainable future, we are proud to join forces with like-minded partners. We are delighted to extend our full support to ensure the achievement and success of this endeavor. Such actions will serve as an impetus towards accomplishing our greater vision for a sustainable tomorrow.”

Ms. Manika Bhargava, Country Logistics Leader, Dow India, said, "The path to net-zero

emissions is a journey possible through several actions and contributions from every stakeholder of the ecosystem. By supporting such strategic initiatives, we intend to contribute towards creating a space where our logistics service providers can make a difference towards the larger goal and set a path for others to follow.”

Mr. Pavithran Mkallada, Managing DirectorIndia, PSA BDP noted, “We are extremely grateful to Dow India for their support in this pioneering solution to achieve emissions reduction targets. By leveraging the collective strengths and assets of the PSA Group, we have created a unique zero-emission solution that complements our current eco-friendly rail and intermodal solutions in India for sustainable connectivity We look forward to working closely with Dow and other valued customers to optimize this offering while simultaneously developing additional opportunities to enhance logistics flows.”

Mr Sanjay Sethi, IAS, Chairman of Jawaharlal Nehru Port Authority (“JNPA”) said, “JNPA is pleased to see this renewable power initiative by PSA BDP and PSA Mumbai that provides enhanced sustainable transport solutions for our port users. We are energized to see major shippers lending their early support of this critical project, the first of its kind for ports here in India. JNPA is committed to partnering with forward-thinking organizations like PSA BDP and PSA, as we seek to foster leadership in sustainability and create value for trade. We also aim to contribute to the principles of Blue Economy and Maritime India Vision 2030, and of course, through our Green Port initiative. JNPA teams will be working closely with PSA Mumbai and other interested stakeholders through measures such as green lane priority access to the terminals for electric vehicles to encourage the expanded growth of sustainable products.”

Allcargo Logistics reports a consolidated PAT of Rs. 119 crores for Q1FY24

MUMBAI: Allcargo Logistics Ltd has announced its financial results for the quarter ended June 30, 2023.

Key highlights:

• Combined EBITDA for Q1FY24 stood at Rs 161 crores which represents the sum of three businesses segments namely International Supply Chain, Express, and Contract logistics. It differs from consolidated EBITDA mainly due to Contract Logistics business as the transaction was concluded on 18 May 2023.

• Consolidated revenue for Q1FY24 stood at Rs. 3,271 crore as compared to Rs. 5,474 crores for Q1FY23. Reported PAT for the quarter was Rs. 119 crore.

• Weak macroeconomic outlook reflected in subdued global trade activity for the industry China’s overall exports for the month of July declined 14 5% YoY while the imports are down 12 4% YoY Similarly, India’s total merchandise trade is down 14% YoY in Q1FY24.

• Our strategy is to focus on market share and volume growth amidst higher competitive intensity Most leading international forwarders have reported 6% to 9% YoY drop in volumes in Q1FY24 LCL consolidators directly competing with us are estimated to have seen a decline of ~15%. Our LCL volumes are up 6% QoQ and over H1CY23 we have outperformed the industry thereby

gaining market share. LCL volume for July is expected to show positive sequential momentum demonstrating our market share gain.

• International Supply Chain (ISC) business EBITDA margin of 4% in Q1FY24 compares with 6.5% in FY23 and 4.7% in FY19, reflecting normalization of trade. The company intends to revive profitability in the ISC business by increasing volumes to offset Gross profit impact once trade environment normalizes and cost rationalization, driven by automation and process improvement, to keep SG&A in check.

• Balance sheet remains healthy with current net debt of Rs. 12 Cr after accounting for Rs. 406 Cr paid towards acquisition of 30% stake in GESCPL (earlier Gati KWE). Post acquisition, GKEPL name was changed to Gati Express and Supply Chain Pvt. Ltd. (GESCPL), housing the express logistics business. Our demerged entities, namely Allcargo Terminals and TransIndia Real Estate, have started trading on the exchanges from 10th August 2023.

• The express business is now at par with the best the in industry on key service parameters. Express volumes are showing a strong momentum and the business will be launching its Bengaluru hub in August. Contract Logistics business will fully reflect in financials from next quarter onward.