Vol.LXIVNo.185 th MONDAY 14 OCTOBER 2024
Tel : 2266 1756, 2266 1422, 2269 1407
Maiden voyage of SINOLINES’ historic CIW service at BMCT – Direct, fastest call from India West Coast to China
PSA Mumbai inaugurates China India West Coast (CIW) service
NAVI MUMBAI: PSA Mumbai inaugurated the China India West Coast (CIW) service on 4th October 2024, enhancing connectivity between the Far East and the Indian subcontinent.
With ports in Shanghai, Ningbo, and India now connected through this service, the CIW will feature weekly sailings. Sinotrans, BTL, and SeaLead will deploy vessels for this new service.
Cont’d. Pg. 25
Cont’d. Pg. 6
MUMBAI: Sinotrans Container Lines Co., Ltd. (abbreviated as Sinolines), a specialized subsidiary of the one and a half century old China Merchants Group, launched the CIW service with its maiden call of AN TONG FU ZHOU at BMCT terminal, Nhava Sheva on 4th October 2024
Sinolines Representatives with Agents Transorient Shipping during the vessel MVAN TONG FU ZHOU call at Nhava Sheva BMCT terminal
Maiden voyage of SINOLINES’ historic CIW service at BMCT
Direct, fastest call from India West Coast to China
Cont’d. from Pg. 3
T h e p o r t r o t a t i o n o f
C I W s e r v i c e w i l l b e
N h a v a S h e v a - M u n d r aShanghai-Ningbo-Shekou , with an industry best fastest transit of 17 days to Shanghai and the only direct service to China from Indian West Coast to cater to the Export Import trade.
An inaugural ceremony was held on board to felicitate the vessel Master, Capt Wang Hongjian & the entire crew of the vessel; attended by senior dignitaries of S I N O L I N E S & T R A N S O R I E N T S H I P P I N G (agents of SINOLINES in West India and North India) & BMCT officials.
Mr Patrick Chow, Deputy GM Network Planning Department and a senior functionary of Sinolines graced the occasion and presented a plaque to the vessel Master
Mr R Devi Prasad , Chief Owner’s Representative of Sinolines India and Mr Santosh Namboodiri, Owners’ Representative for West India were also present on board to felicitate the Master and BMCT
In his address to attendees, Mr Patrick Chow thanked BMCT officials and Agents Transorient Shipping Private Limited for all the support extended towards the launch of CIW service He mentioned SINOLINES had last year made entry into East Coast India with its first CIE service calling Chennai & Vizag and now CIW is the next initiative to enter West Coast India market. In future, SINOLINES plans to bring in many more liner services into India and solicited support from all stakeholders
TRANSORIENT SHIPPING PVT LTD, Agents for Sinolines in Wester n India, represented by Mr Glen Fernandes and Mr Hanif Bakshi; presented the Master with a plaque, shawl and congratulated the Master on the historic maiden call, extending their wishes to all stakeholders for a successful run of the service.
BMCT also exchanged souvenirs with the ship’s Master, SINOLINES and TRANSORIENT SHIPPING.
CIW service offers a seamless, comprehensive connectivity to not only China but also gate-way ports in the wider Asia-Pacific rim ; covering ports in Chinese Taiwan, South Korea, Japan, Australia and Philippines
CIW service also accepts cargo for Kaohsiung, Keelung, Taichung in Taiwan,China; Tokyo, Yokohama, Nagoya, Osaka, Kobe, Moji, Hakata in Japan; Busan in South Korea; Melbourne, Sydney, Brisbane in Australia; Manila, Subic Bay in Philippines and various other ports in SEA.
SINOLINES established in 1998 in China offers services to all the main cities and ports in China and coverage across the countries in the wider arc of the Asia-Pacific region.
The China-Japan and China-Chinese Taiwan routes have been established for several decades and SINOLINES is an entrenched, established player in this niche market of the sub-region.
China Merchant Group, with a commanding history of more than one and a half century, is a diversified conglomerate operating from Hong-Kong with established presence in various industries like transport,
finance, cities, industrial parks. Its transport wing owns a port operation group, a nation-wide toll road network, global logistics arm as well as world class cargo ship fleet which SINOLINES belongs to.
TRANSORIENT SHIPPING PRIVATE LIMITED, is trusted by SINOLINES as its agent in WEST and NORTH INDIA for its container shipping and
business.
transport
Vessel MVAN TONG FU ZHOU on her maiden voyage to India berthed at Nhava Sheva BMCT Terminal – CIW Service.
Mr Patrick Chow, Sinolines Deputy GM Network Planning Department, Hong Kong, felicitating the Master of the Vessel, Capt. Wang Hongjian with a plaque present along with Mr. Devi prasad - Chief Owner's Rep. for India & Mr. Santosh Namboodiri - Owner's Rep - West India Region.
Mr. Glen Fernandes, Vice President, ShippingAgency, TRANSORIENT SHIPPING PVT LTD, presenting a plaque to the Master of the Vessel.
BMCT felicitating Mr Patrick Chow, SINOLINES with a plaque; flanked by Mr Devi Prasad - Chief Owner's Rep for India & Mr Santosh Namboodiri - Owner's Rep for West India.
India re-elected to International Maritime Organisation (IMO) Council
LONDON: India re-elected to the I n t e r n a t i o n a l M a r i t i m e Organisation (IMO) Council with the highest tally, and the term of council will be for the biennium 2024-25 India’s re-election falls under the c a t e g o r y o f 1 0 s t a t e s w i t h “the largest interest in international s e a b o r n e t r a d e ” , a l o n g s i d e Australia, Brazil, Canada, France, Germany, the Netherlands, Spain, Sweden, and the United Arab Emirates (UAE).
Union Minister for Ports, Shipping
and Waterways Sarbananda Sonowal said the highest votes are indicative of the government’s determination to s t r e n g t h e n I n d i a ’ s v a r i e d contributions to international maritime operations.
The council is the executive organ of IMO and is responsible, under the assembly, for supervising the work of the organization.
Between sessions of the assembly, the council performs the functions of the assembly, except that of making recommendations to governments on
maritime safety and pollution prevention.
According to the statement, under t h e M I V 2 0 3 0 t o e n h a n c e representation at IMO, India aims at a p p o i n t i n g p e r m a n e n t representatives at IMO London.
The Indian delegation was led by Secretary, Ministry of Ports, Shipping and waterways, T K Ramachandaran, with members including DG Shipping Shyam Jagannathan, officers of DGS, High Commission of India at London, and industry representatives.
India replaces China in Gaadhoo Transshipment port project in Maldives
NEW DELHI: The transshipment port project at Gaadhoo Island, in Laamu (L.) Atoll, will now go forward with India’s involvement, the Mohamed Muizzu administration has decided.
The Maldives and India, during President Muizzu’s visit to India, agreed to work together to develop the transshipment ports at Gaadhoo and the Ihavandhippolhu region.
A M e m o r a n d u m o f Understanding (MoU) was signed with China CAMC Engineering Company Limited on 11 April to establish an integrated maritime hub at Gaadhoo, with the stateowned Maldives Ports Limited (MPL) taking the lead.
However, while CAMC has been b l
o r international banks, satellite images
confirm that no practical work has yet been carried out.
The administration has not confirmed whether the awarding of the Gaadhoo project to CAMC has been annulled. As such, it is not clear how the administration intends to m o v e f o r w a r d w i t h I n d i a ’ s involvement-neither the Maldives nor India have provided additional details.
Global demand for Containers and LNG Vessels likely to shrink: VesselsValue
Geopolitical tensions, such as the Houthi attacks in the Bab Al Mandeb Strait, are creating both risks and opportunities for shipping.
LONDON: VesselsValue in its latest report predicted that orders for bulkers and tankers will gain momentum, while demand for containers and LNG/LPG vessels will decline Despite the expected rise in bulker and tanker orders, the overall orderbook will likely shrink due to a surge in deliveries for container and gas vessels.
Geopolitical tensions, such as the Houthi attacks in the Bab Al Mandeb Strait, are creating both risks and o p p o r t u n i t i e s f o r s h i p p i n g The rerouting of vessels has supported various shipping segments, but the volatile nature of the conflict introduces significant uncertainty. A sudden halt in attacks could negatively impact shipping, while prolonged disruptions could offer upside potential.
It expects Russian oil exports to continue to decline, with Europe sourcing from suppliers further afield such as the Middle East and Gulf (MEG), US and Latin America, and this will continue to support ton mile demand and therefore rates going forward.
Tanker ordering activity has continued at a relatively strong pace in 2024, already equaling order activity seen in 2023 at 36 mil DWT, levels not rivalled since 2017. The delivery schedule for 2024 is low, however, will gain pace in 2025 and onwards. The total tanker orderbook to fleet ratio, currently at 12%, has been increasing through 2023 and 2024.
A low orderbook and limited supply g r o w t h c o n t i n u e t o s u p p o r t a fundamentally strong bulker market
going forward Moderate demand growth is expected as interest rates ease in developing economies, investment in green energy accelerates and changing tradeflowsincreaseton-miles
Bulker values have increased significantly in the last year due to improving sentiment, and despite solid freight rate expectations, the potential upside looks limited due to already elevated levels. Secondhand values are also expected to receive downward pressure from declining newbuilding prices when the ordering activity of container and LNG vessels subside.
Rerouting has been a strong driver of demand growth this year, as longer journeys around the Panama Canal and the Suez Canal have increased sailing distances and ton-miles. The situation in Panama is improving and is expected to normalise in Q4. However, the conflict in the Red Sea remains highly uncertain with no end in sight, and so far this year, bulker transits through Suez have declined 37%.
Additionally, the ongoing war in Ukraine has extended shipping distances, which is expected to keep ton-mile values elevated, as the Western economies’ separation from Russia appears to be a long-term shift.
Despite several stimulus measures initiated by the Chinese government, there has been no sign of improvement in the Chinese real estate sector This will likely continue taking its toll on the C h i n e s e s t e e l p r o d u c t i o n , a s construction activity eases.
With the current conflict in the Red Sea, freight rates have increased
sharply and are expected to stay at high levels throughout 2024. Longer sailing distances, congestion at ports and an earlier than expected peak season have increased demand for goods and supply has not managed to keep up with this pace
Vessel supply growth in our forecast period will at some point outpace demand despite the Red Sea conflict, and this will affect freight rates for all sizes. Net fleet growth was recorded at 5.4% in 2023 which we expect will rise at an average pace of 7.8% between 20242027.
It expects LPG production to grow at a more moderate pace than previous years and forecast a growth of 4.4% in 2024, despite a strong 1Q24 Exports out of the US have been strong so far this year, but with less production growth for the remainder of the year and an expected active hurricane season The VesselsValue forecast anticipates export growthof7%comparedto13.4%in2023. Asian demand for LPG is forecasted to see growth in 2024 for propane dehydrogenation (PDH) plants and domestic consumption The PDH capacity in China is expected to increase with 7 million tons this year, but with muted operating rates, the report does not expect full utilisation. So far this year, there has been a decline for all petrochemical gases as Asian demand is muted and US exports are seeing difficulties with the ongoing hurricane season. From 1Q25, a new ethylene ter minal expansion is expected to go live and boost US ethylene export trade.
Global Trade could climb 3% in 2025 if
MidEast conicts contained, WTO says
GENEVA: The World Trade Organization has nudged up its forecast for global trade volumes this year and said a further pick up to 3% growth was likely in 2025, assuming Middle East conflicts are kept in check.
Global trade recovered this year from a 2023 slump driven by high inflation and rising interest rates, the WTO report said. In April, the global trade watchdog forecast a 2.6% increase in volumes, which it revised up recently to 2.7%.
"We are expecting a gradual recovery in global trade for 2024, but we remain vigilant of potential setbacks, particularly the potential escalation of regional conflicts like those in the Middle East," said WTO DirectorGeneral Ngozi Okonjo-Iweala in a statement.
"The impact could be most severe for the countries directly involved, but they may also indirectly affect global
energy costs and shipping routes."
Israel's blitz against Lebanon's Hezbollah movement in recent weeks, following a year-long war against Hamas in Gaza, has stoked fears of an inexorable slide towards a pan-Middle Eastern war
The WTO also cited diverging monetary policies among major economies as another downside risk for the forecasts. This "could lead to financial volatility and shifts in capital flows as central banks bring down interest rates," the report said, adding that this would make debt servicing more challenging for poorer countries.
"There is also some limited upside potential to the forecast if interest rate cuts in advanced economies stimulate stronger than expected growth without reigniting inflation," the WTO said.
With 11% YoY growth in RMG of all Textiles
exports,
India’s textiles sector to grow to USD 350 Billion by 2030
PM MITRA Parks, PLI Scheme, and Na onal Technical Tex les Mission to a ract investment and propel exports
NEW DELHI: India’s textiles sector is set for significant expansion, with an 11% year-on-year growth in Ready-Made Garments (RMG) of all Textiles exports, as per India’s trade data of August 2024, signaling a bright future. The Textiles sector in the country is expected to grow to USD 350 billion by 2030, driven by India’s inherent strengths and a strong policy framework that encourages investment and exports With end-to-end value chain capability, a strong raw material base, a large export footprint and a vibrant and rapidly expanding domestic market, India is a traditional leader in the textiles sector. The encouraging reports of a number of investment decisions in the pipeline are healthy portents for the industry
A number of schemes and policy initiatives as part of the government’s roadmap aim to leverage and catalyse these inherent strengths to help the textile sector achieve the USD 350 billion goal by 2030. While over Rs. 90,000 Crore of investment is expected to flow through PM Mega Integrated Textile Region and Apparel (PM MITRA) Park and Production Linked Incentive (PLI) Scheme in the next 3-5 years, schemes like the National Technical Textiles Mission are expected to help India acquire leadership position in emerging sectors such as technical textiles.
Last month, Prime Minister Shri Narendra Modi laid the foundation stone of the PM MITRA Park at Amaravati in Maharashtra. This is one of the 7 Parks sanctioned across the country under the flagship PM MITRA Park
scheme. With world class infrastructure including plug and play facilities, PM MITRA Parks shall be a major step in realizing the vision of making India a global hub for textile manufacturing investment and exports. Each PM MITRA Park when complete is expected to attract an investment of Rs 10,000 crores and generate nearly 1 lakh direct employment & 2 lakh indirect employment.
PLI Scheme, with a total projected investment of over Rs. 28,000 crore, projected turnover of over Rs. 2,00,000 crore and proposed employment generation of nearly 2.5 lakhs is intended to promote production of MMF Apparel & Fabrics and Technical Textiles products in the country to enable textile industry to achieve size and scale.
The National Technical Textiles Mission is specialized mission with a focus on developing usage of technical textiles in various flagship missions and programmes of the country including strategic sectors The Mission promotes startups and research projects covering specialty fibres and composites, geotextiles, agro textiles, protective textiles, medical textiles, defence textiles, sports textiles, and environment friendly textiles.
The supportive policy framework at the central level is supplemented by the policy initiatives of a number of states with a high growth potential in textiles.
"There is also some limited upside potential to the forecast if interest rate cuts in advanced economies stimulate stronger than expected growth without reigniting inflation," the WTO said.
India’s mango export sector expanding global reach to the USA, Australia, and beyond
NEW DELHI: In India, the mango export sector has utilized radiation processing to adhere to international phytosanitary standards, enabling access to markets such as the USA Exports, which resumed in 2007 with the commissioning of the KRUSHAK irradiation facility, have observed a consistent increase, with projections indicating shipments of 2,500 tonnes in 2023 and 3,000 tonnes in 2024. Major mango-producing states include Andhra Pradesh, Uttar Pradesh, Karnataka, Bihar, Gujarat, and Tamil Nadu, with
significant export contributions from Maharashtra and Gujarat India boasts 28 food irradiation plants, with the Maharashtra State Agricultural MarketingBoard(MSAMB)operatingthe KRUSHAK facility for mangoes, onions, spices, and food grains. This irradiation process not only ensures compliance with phytosanitary requirements but also extends the shelf life of the produce Since 2007, mango exports to the US have shown a positive trajectory, with the volume reaching 1,150 tonnes by 2017 and further growth anticipated.
P A Hassan from the Homi Bhabha National Institute highlighted the role of radiation processing in meeting international demand and standards. Expanding its market reach, India has also commenced mango exports to Australia, Malaysia, and South Africa, with the first successful sea-route shipment to the US marking a significant milestone. This transition to sea freight offers cost advantages and the ability to handle larger volumes, presenting a promising outlook for the Indian mango export industry.
Ship recycling industry likely to grow to 3.8-4.2 mn GT in 2025: Report
MUMBAI: India’s ship recycling industry is expected to grow to 3.8-4.2million GT (gross tonnage) in 2025, as against an estimated 2.3-2.6-million GT in 2024, according to a report.
According to CareEdge, India accounts for 33 per cent of the global gross tonnage dismantled in 2023, second only to Bangladesh, which handled 46 per cent.
“India’s ship recycling Industry is poised for major growth in CY25 and is expected to witness similar recycling level in CY24 with an estimate of 2.3 to 2.6 million GT, thereafter a jump to over 3.8 to 4.2 million GT in CY25,” said Sajani Shah, Assistant Director at CareEdge.
The ship recycling industry in I n d i a i s e x p e c t e d t o g r o w a t compound annual growth rate of around 10 per cent in CY26-CY28, she said, adding cooling-off of Baltic Dry Index, stabilisation of heavy melting scrap prices, and increase in obsolete ships in operations, suggest that
more ships will enter the recycling market from CY25 onwards.
According to Shah, countries having better infrastructure and green recycling facilities are expected to attract a larger portion of ships in future.
India’s share in the global recycling industry remained around 27 per cent in the past, before increasing to around 33 per cent in CY22 and CY23, reflecting a rise in its contribution amidst global declines.
In terms of volume, in CY22 and CY23, India dismantled 2.26 and 2.47 million GT, respectively, CareEdge said.
According to the report, the Indian ship recycling sector activity faced a decline amid rise in heavy melting scrap prices in FY23 and Fy24.
Prices for heavy melting scrap at Bhavnagar, in Gujarat surged from Rs 28,800 per tonne in August 2020 to a peak of Rs 54,400 per tonne in April 2
disruptions and heightened demand for steel amid post-pandemic economic recovery efforts.
However, after peaking, scrap prices began to decline, settling at Rs 39,900 per tonne in December 2023. Since January 2023, prices have stabilised between Rs 36,000 per tonne and Rs 44,000 per tonne, it said.
This recent stabilisation suggests that the market has adjusted to postpandemic conditions, providing a more predictable cost structure for industries reliant on scrap metal, CareEdge stated.
India’s ship-recycling industry is a crucial part of the global maritime sector with the top four countries — Bangladesh, India, Pakistan, and Turkey ?dominating the shiprecycling industry, dismantling over 90 per cent of the global ship recycling volume, according to ICRA
In India, Alang in Gujarat is among thelargestshiprecyclingfacilitiesinthe world with over 140 recycling yards.
Indian Air Cargo volumes to witness new highs in FY2025: ICRA
MUMBAI: The overall air cargo volumes are likely to witness growth of around 9-11 percent YoY to around 3 6-3 7 million tonnes in FY2025, supported by 11-13 percent expansion in international and four-six percent growth in domestic cargo.
The international cargo volumes have seen a muted YoY rise of one percent in H1FY2024 on the back of the slowdown in the global economy and geo-political conflicts, according to the latest update from rating a g e n c y I C R A “ H o w e v e r, t h e international cargo volumes have s e e n a h e a l t h y e x p a n s i o n o f 18 percent in H2FY2024 amid the Red Sea crisis, which started in October 2023.
Consequently, the seaborne cargo traffic was impacted, which in turn benefitted international air cargo traffic.”
Vinay Kumar G, Vice President & Sector Head – Corporate Ratings, ICRA says: “The cargo volumes were
relatively less impacted due to Covid in FY2021 compared to passenger traffic. Moreover, the recovery was relatively swift with cargo volumes recovering to 95 percent of pre-Covid levels in FY2022 compared to 55 percent in passenger traffic. This was supported by higher growth in international cargo on account of the export of Covid-related vaccines and higher merchandise exports in Fy2022.
“While the growth in cargo volumes has slowed down during the FY2023-H1FY2024 period, it has bounced back handsomely in the last 12 months, since the start of the Red Sea crisis The international cargo volumes have increased by 18 percent YoY and 20 percent YoY during the first five months of FY2025, and are expected to increase by a further 11-13 percent YoY to touch new highs in Fy2025.”
I C R A’ s o u t l o o k o n a i r p o r t infrastructure is stable with revenues
of ICRA’s sample set (Airports Authority of India, Delhi, Hyderabad, Bangalore and Cochin International airports) likely to grow by around 12-14 percent YoY in FY2025, supported by the sustained improvement in both domestic and international passenger traffic, increase in tariffs at some of the major airports and ramp-up in non-aeronautical revenues, the update added.
“With healthy profitability margins, the debt coverage metrics are expected to remain comfortable with DSCR and interest cover above two times and four times, respectively in the medium term, despite higher i n t e r e s t o u t g o w i t h t h e commercialisation of the capex programme at some of the key airports. The credit profile of airport operators is projected to remain strong, supported by healthy accruals and comfortable liquidity,” adds Kumar.
Apeda’s revised guidelines on organic products to help raise exports
NEW DELHI: India’s organic products exports, after dipping from a high of over $900 million in 2020-21, has started picking up this year with 3 0 p
Processed Food Products Export Development Authority) Chairman Abhishek Dev.
He also said the agency is in the process of finalising the revised guidelines under National Programme of Organic Products (NPOP) after a gap of 10 years, which will ease the process
for the grower groups to change the certification agency.
“We have taken a number of steps to streamline organic certification and the revised NPOP guidelines will soon be out once the public feedback received by October 14,” Dev told reporters in Delhi. NPOP Revamp
The first objective is to simplify the language of the NPOP , ensuring greater clarity and eliminating ambiguity, he said. Secondly, transparency is a key focus. Certifying agencies will now be required to make all information about
farmers and grower groups publicly accessible on the Apeda website, allowing anyone to verify details through a central link. Besides, there has been a mobile app developed through which geotagging of the locations will be done to verify landholdings of the growers, he added. Each Internal Control System (ICS) office will display the details of the growers’ groups, he said and added that these data will also be shared with local authorities including panchayats and district agriculture office.
JSW Infrastructure receives LOI from MMB for developing
All Weather and Multipurpose Port in Palghar
M U M B A I : J S W
I n f r a s t r u c t u r e announced that it has received has Letter of Intent from Maharashtra Maritime Board (MMB) for “Development, O p e r a t i o n , M a n a g e m e n t a n d Maintenance of an All Weather and Multipurpose Port at village Murbe in Palghar District of Maharashtra” on Public Private Partnership (PPP) basis – Design, Built, Own, Operate and Transfer (DBOOT) Model.
The LOI is valid for the period of 24 months, with a further extension clause. The royalty payable is based on per metric ton which will be
escalated in the block period of 5 years. The remaining terms and condition will be governed as per the Maharashtra Maritime Development Policy-2023 (MMDP 2023).
The contract is contingent on fulfilling the stipulated terms and conditions Upon meeting these conditions, MMB will enter into a concession agreement (CA) for the project, which will be valid for 70 years.
The proposed Murbe port aims to be an all-weather, multi-cargo c
strategically located near major
Highway 8 and Boisar Road, as well as key rail corridors like the Delhi-
Corridor.
This greenfield project aligns with the company’s growth plan for FY2030, aiming to boost capacity from 170 million tonnes per annum (MTPA) to 400 MTPA
JSW Infrastructure, part of the JSW Group, is the second-largest commercial port operator in India in terms of cargo handling capacity and specializes in developing and operating ports and terminals under port concessions.
Center considers creating Seed Funding to set up a Maritime Insurance Entity
NEW DELHI: An inter-ministerial consultation process has been ongoing this year to create the marine insurance entity, with industry representatives’ participation.
Centre is now considering establishing its own funds as preliminary investment for launching shipping insurance entity, as there is delay in creating a protection and indemnity (P&I) entity to insure cargo vessels. This approach would involve private insurers and shippers contributing at a secondary stage.
More than a year after Union F i n a n c e M i n i s t e r N i r m a l a S i t h a r a m a n ’ s u n e x p e c t e d announcement calling for a P&I entity, the lack of regulatory clarity and the nascency of the Indian shipping sector have slowed progress on this key initiative.
The Ministry of Ports, Shipping, and Waterways initially requested insurers and shipping companies in February to provide the first layer of i n s u r a n c e f o r s h i p p e r s a n d shipbuilders, with reinsurance expected to be managed by larger global players in a second layer
According to the Ministry of Ports, Shipping, and Waterways, several rounds of discussions were held regarding this, but the quantum of funds the industry is willing to commit won’t be much. Now the Ministry is exploring options, including the possibility of an initial ‘seed’ fund once legislative provisions are in place.
This could be done directly or through the Maritime Development Fund, but it will need firm structure and clarity from the Department of Financial Services (DFS) before finalising anything, according to officials.
An inter-ministerial consultation process has been ongoing this year to create the marine insurance entity, with industry representatives’ participation.
Officials say the finance ministry is likely to propose an amendment to the Insurance Act, allowing mutual insurance associations — a critical provision that has impeded the formation of a P&I club. For now, the government is Initially, the proposed P&I entity would cover only coastal and riverine vessels, which fall
outside the international P&I framework and carry a lower risk profile.
T h e M i n i s t r y i s e x p l o r i n g international partnerships to pool funds for the insurance entity, potentially with government-backed funds or other P&I clubs, the official said, adding, but this would occur later, when the entity would be handling export-import cargo.
Indian-owned ships are currently insured in various countries, with premiums substantially higher for vessels navigating volatile regions like West Asia and Russia. The s h i p p i n g m i n i
o t h e r stakeholders want to explore options, possibly a mutual insurance model. P&I insurance offers shipowners’ coverage against costs in the event of accidents that could impact cargo, human lives, and the environment. This coverage is typically provided through not-for-profit clubs of l i k e - m i n d e d s h i p o w n e r s . T h e International Group, comprising 12 P&I clubs, offers marine liability coverage to approximately 90-95 percent of the world’s sea tonnage.
Kerala Govt to develop catchment area around Vizhinjam Port : Industry Minister
T H I R U VA N A N T H P U R A M : Kerala government plans to establish a catchment area and assembly
c l u s t e r a r o u n d V i z h i n j a m
International Seaport, as announced by Kerala Industries Minister Shri P. Rajeeve. He stated that the catchment area will serve as a hub for industrial activities beyond district and state borders. The initiative will i n c l u d e t h e e s t a b l i s h m e
components, assemble them, and export the final products.
Additionally, the Government is considering the creation of logistics parks every 20 kilometers to enhance the port’s capabilities, aligning with the state’s newly released logistics policy One such park by Kinfra is currently under consideration.
Minister Rajeeve also mentioned exploring the potential connection between the industrial smart city in
Palakkad and Vizhinjam, with steps underway to acquire land for industrial developmentthroughlandpooling. During his visit to the port, he was accompanied by key officials, including Principal Secretary of Industries A.P.M. Mohammed Hanish, KSIDC Managing Director S. Harikishore, Vizhinjam Port MD Divya S. Iyer, A d a n i P o r t s C E O P r a n a v Choudhary, and Adani Vizhinjam PortCEOPradeep Jayaraman.
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
ADANI CMA MUNDRA CONTAINER TERMINAL
DP WORLD MUNDRA
In Port —/— Maersk Karun 441W 4093499 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
17/10-PM Maersk Cairo 442S 4103502
EAST JAPAN, CHINESE PORTS
& AUSTRALIAN
PORTS
17/10 16/10-PM Wan Hai 510 182E 4093659 Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16)
19/10-PM X-Press Phoenix 442E 4103617 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 21/10 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
TBA Asyad Line Seabridge Marine Shangai, Ningbo, Shekou (FEX)
TBA Asyad Line Seabridge Marine Haiphong, Laem Chaban, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
In Port —/— Maersk Karun 441W 4093499 Maersk Line Maersk India Colombo (MW2 MEWA) 15/10 18/10 18/10-AM Marsa Neptune 2410 4103674 Sai ShippingSai Shipping Karachi (JKX)
19/10 19/10-AM Zhong Gu Hang Zhou24003E 4093600 Global Feeder Sima Marine Karachi (CSC)
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
In Port Maersk Karun (V-441W) 4093499 Maersk India Nhava Sheva In Port Dimitra C (V-441W) 4093500 Maersk India Jebel Ali 17/10 Wan Hai 510 (V-182E) 4093659 Wan Hai Line Nhava Sheva
VESSEL’S NAME VCN NO. AGENTS FROM SAILED WITH EXPORT CARGO VESSEL'S NAME NEXT DEST.
CB-1 Maersk Karun (V-441W) Maersk india 15/10 CB-2 Dimitra C (V-441W) Maersk india 15/10
Marathopolis (V-441S) Salalah 11-10-2024 Norderney (V-88) Nhava Sheva 12-10-2024 Wan Hai 316 (V-220W) Nhava Sheva 13-10-2024
ADANI CMA MUNDRA CONTAINER
21/10 APL Miami (V-0FFCUE1) CMA CGM/Gold Star CMA
Car.CB-1 CMA CGM Lome (V-0QCIFW1)(Sailed)
17/10 RC Ocean (V-46W)
18/10 Seaspan Lahore (V-2440W)
Car.CB-1 Source Blessing (V-2439W)(Sailed)
Car.CB-1 Spil Citra (V-0UW36W1)(Sailed)
Car.CB-1 APL Cairo (V-OUWZJW1)
CB-1 Yokohama Star (V-2432)
16/10 Hongkong Bridge (V-2433) Hapag
27/10 Zhong Gu Tianjing (V-24043W)
15/10 Artam (V-1335W) HDASCO Armita India Gulf 16/10
Car.CB-4 AS Susanna (V-012W)(Sailed) Unifeeder/One Unifeeder/One India Gulf
Car.CB-5 BLPL Trust (V-1411E)(Sailed) Transworld Transworld GLS Gulf
16/10 Grasemere Maersk (V-442W) Maersk Line Maersk India U.K.
19/10 Halsted (V-440S) Maersk Line/CMA CGM Maersk India/CMA CGM Ag.(I) Africa 20/10 17/10 Inter Sydney (V-0165) Interworld Efficient Marine Gulf 18/10
Car.CB-4 Maersk Florence (V-440W)(Sailed) CMA CGM/Maersk Line CMA CGM Ag.(I)/Maersk India Africa 2390367 13/10 18/10 MSC Mexico V (V-IV442A) MSC MSC Agency U.S.A. 19/10
Car.CB-5 Maersk Cairo (V-442S)(Sailed) Maersk Line Maersk India Africa 14/10 CB-5 RDO Favour (V - 02436S) Emirates / KMTC Emirates Shipping / KMTC India Gulf 14/10 07/11 Zhong Gu Kun Ming (V-02448S) RCL RCL Agency 08/11 31/10 Konard (V-KONO624W) Akkon Oasis Shipping Europe/Med. 01/11
Car.CB-5 Seattle Bridge (V-092E)(Sailed) Unifeeder/KMTC Unifeeder/KMTC(I) Far East & 2390347 13/10 19/10 Celsius Naples (V-905E) Hapag/Evergreen ISS Shipping/Evergreen Shpg. Colombo 20/10 24/10 ESL Dachan Bay (V-24005E) ONE/TS Lines ONE (I)/TS Lines(I) 25/10 Car.CB-4 TSS Amber(V-440W)(Sailed) Maersk Line Maersk India Mediterranean
15/10 Wan Hai 316 (V-210E) Wan Hai/Unifeeder Wan Hai Lines (I)/Unifeeder Jebel Ali
21/10 SSL Godavari (V-035E) X-Press Feeder Sea Consortium
17/10 Zhong Gu Hang Zhou (V-24003E) Global Fdr/TS Lines Sima Marine/TS Lines (I) Far East
22/10 Beijing Bridge (V-2406E) Sinokor/Heung A Line Sinokor India
Qingdao (V-OINI5W1)
Car.GTI-1 Cautin (V-2440W) (Sailed)
Sofia
Car.GTI-2 Celsius Nairobi (V-0917)(Sailed) Unifeeder/ Unifeeder/
19/10 SCI Mumbai (V-24040) QNL/Milaha Poseidon
17/10
Dimitra C (V-441W) Maersk Line Maersk India Mediterranean
26/10 Maersk Utah (V-443W)
23/10
26/10
Dimitris Y (V-248E) ONE ONE (I)
One Reliability (V-008E) X-Press Feeders Sea Consortium Far East
GTI-1 Hyundai Hongkong (V-002E) ONE/HMM ONE (I)/HMM Shpg. USA
Car.GTI-2 Interasia Momentum (V-E049)(Sailed) Wan Hai Wan Hai Lines (I) Colombo & 2390223
16/10 Wan Hai 515 (V-E094) COSCO/Interasia Line COSCO Shpg./Interasia Shpg. Far East
15/10 Mundra Express(V-4340W) COSCOCOSCO Shpg. U.K. Cont.
21/10 Seaspan Ganges(V-4341W) Hapag / ONE ISS Shpg./ONE(I)
CMA CGM / OOCL CMA CGM Ag.(I)/OOCL(I) 14/10 One Altair (V-066E) ONE/HMM ONE (I)/HMM Shpg. Far East &
22/10 One Arcadia (V-070E) Yang Ming Line Yang Ming Line (I) China
Car.GTI-1 Stratford (V-132E)(Sailed) RCL/OOCL RCL Ag./OOCL(I) Far East
16/10 Xin Da Yang Zhou (V-096E) Zim/COSCO Zim Int./COSCO Shpg.
Car.CB-6 Tonsberg (V-OPU1UN)(Sailed) Global Fdrs./CU Lines Sima Marine/Seahorse Gulf
21/10 RDO Favour (V-02436N) Emirates/KMTC Emirates Shpg./KMTC (I)
GTI-2 X-Press Phoenix (V-442E) Maersk Line Maersk India Far East
21/10 Zhong Gu Chong Qing (V-442E) X-Press Feeder Sea Consortium
AL Rawdah (V-004W)(Sailed) Safeen Feeders Sima Marine
BMCT-2 An Tong Da Lian (V-2402E) Sino Lines Transorient Far
BMCT-3 Beijing (V-105E) COSCO COSCO Shpg.
22/10 OOCL Atlanta (V-061E) Zim/Goldstar
15/10 Big Breezy (V-E044) Wan Hai /KMTC Wan Hai Line (I)/KMTC (I) Far East
Car.BMCT-3 CMA CGM Titan (V-OPEALW1)(Sailed) CMA CGM/APL CMA CGM Ag. (I)
17/10 CSCL Neptune (V-081) COSCO / OOCL COSCO Shpg./OOCL(I)
15/10 CUL Jakarta (V-24035W) Sealead Sealead Shipping Mediterranean 16/10 18/10 Chang Shun Qian Chang (V-2404) Asyad/QNL/Milaha Seabridge/Poseidon Gulf 19/10 16/10 Daphne (V-868W) One Line/Samudera One India/Samudera Far East
21/10 ESL Busan (V-02438E) Evergreen / X-Press Feeders Evergreen/Sea Consortium Far East
22/10 Torrance (V-29E) KMTC/HMM KMTC (I)/HMM Shpg.
31/10 Zoi (V-117E) Emirates/Gold Star Emirates Shpg./Star Ship.
Car.BMCT-3 Ever Legion (V-056E)(Sailed) Gold Star/KMTC Star Shpg./KMTC (I)
15/10 TS Keelung (V-24004E)
Car.BMCT-1 Maersk Karun (V-441W)(Sailed) Maersk Maersk India
16/10 MSC Monica III (V-JU441R) MSC MSC
29/10 MSC Mara (V-QS441R) MSC MSC
15/10 Oshairij (V-2420) QNL/Milaha Poseidon Far
Car.BMCT-2 Stonewall Galaxy (V-28INDSTP)(Sailed) MDL Line Hub & Links
Zhong Gu Beijing (V-24008W)
MSC Livorno (V-FX436W)
PSA Mumbai inaugurates China India West Coast (CIW) service
Cont’d. from Pg. 3
This initiative will further strengthen global trade connections and improve efficiency across the region.
JNPA honored by Indian Postal Service for 35 Years of Excellence
excellence with a commemorative My Stamp This is a significant milestone in journey of maritime success for JNPA
NAVI MUMBAI: On National Postal Day, JNPA has expressed its sincere gratitude to the Indian Postal Service for recognizing JNPA’s 35 years of
“We’re proud to have contributed to India’s maritime industry and look forward to many more years of service,” informs a recent communique from JNPA
The CMA CGM Group opens a new state-of-the-art inland depot in Mundra
• A 4 hectares, state-of-the-art and sustainable facility to provide increased productivity with enhanced service quality • CMA CGM Group, a leading industry player in India, supporting customers’ supply chains through sea, land and logistics solutions.
MUNDRA: On 10th October 2024, Mr. Atit Mahajan, Managing Director of CMA CGM India, along with Mr Jean Vanmalle, Vice President of CMA CGM Inland Services (CCIS), inaugurated the CMA CGM Group’s new inland depot facility in Mundra, India. The facility is spread over a 4 hectares area and will be compliant with the highest international standards to meet the demand from in and around Mundra Port. The inauguration ceremony was attendedby representatives from the CMA CGM Group and CCIS India, Trade bodies and local officials.
A 4 hectares, state-of-the-art and sustainable inland container depot in Mundra
The CMA CGM Group has partnered withShubham Newport LLP (SNLLP) to create this high standard infrastructure. SNLLP is part of Shubham Group which is a third-generation shipping company based in Mundra with interests in various verticals of logistics such as Container Freight Station, Empty Container Depots, Warehousing and logistics.
The newly inaugurated CCIS Mundra depot is expected to handle approximately 155,000 TEUs per year from Mundra, which is one of the largest ports in India with a volume growth rate of 34% in the fiscal year 2023-24.
CMA CGM Group, a leading industry player in India, supporting customers’ supply chains through sea, land and logistics solutions
CMA CGM Inland service (CCIS) is the CMA CGM Group’s global inland logistics armand has a presence in more than 30 countries. CCIS started its operations in India in 2016. CCIS is now handling a volume of around 929,000 TEUs annually, holding a strategic network covering
8 strategic locations with 11 inland container depots across the country and 2 container freight station facilities in Dadri and Pipavav
“We are very optimistic regarding the Group’s growth in India, which is a strategic country within CMA CGM’s network. With this depot, CCIS will cater to the demand of Mundra Ports with the world class standards of t h e C M A C G M G r o u p
s a i d A t i t M a h a j a n , Managing Director of CMA CGM India.
With more than 30 years of market presence in India, the CMA CGM Group is a leading industry player with over 15,000 staff members in India. CMA CGM connects the country to the rest of the world with 18 shipping services making weekly calls. CEVA Logistics, CMA CGM’s logistics arm, is currently present in 105 locations across 31 cities in India with approximately 870,000 square feet of warehouse space With the acquisition of Stellar VCS in 2023, CEVA Logistics strengthened its position as a key player in Indian contract logistics, offering its new diverse customers a wide range of global and local expertise in addition to increased operational efficiency and innovation.
