MUMBAI: Allcargo Logistics Limited has announced its financial results for the quarter ended September 30th 2024.
Key highlights:
• LCL volume for the quarter ended September 2024 stood at 2.37 million CBM, depicting a growth of 4% over the quarter ended September 2023 and 5% over quarter
ended June 2024. FCL volume for the quarter stood at 164K TEUs, up 7% over the same period last year and 5% over the quarter ended June 2024.
• Air volume for the quarter ended September 2024 stood at 2.65 million kilos. This represents a growth of 14% compared to last year and a decline of 4% as compared to the last quarter.
Cont’d. Pg. 6
SeaLead unveils ANIDEA Service connecting Far East, West India, and East Africa
SINGAPORE: SeaLead, a fastg r o w i n g g l o b a l shipping line, announced the launch of its revamped service, ANIDEA (Asia and India, East Africa). This rebranded service, which builds upon the existing IDEA service, represents SeaLead’s commitment to enhancing trade connectivity and providing seamless logistics solutions. ANIDEA will commence operations with the maiden voyage of the vessel Zhong Gu Zhu Hai on 24 November 2024, departing from Shanghai, marking a significant milestone
Ms. DoreenYeo Mr. SuleymanAvci
for this upgraded service
The ANIDEA service boasts a strategic port rotation that includes stops at Shanghai, Ningbo, Nansha, Port Klang, Nhava Sheva, Mundra, Mombasa, Dar-Es- Salaam, and back to Shanghai. This carefully planned route sets ANIDEA apart by offering a unique direct connection that bridges the Far East with West India and East Africa, integrating cargo connections from East and South Asia to East Africa
Cont’d. Pg. 6
There will be no issue of Daily Shipping Times on Friday, 15th November, 2024 on account of Guru Nanak Jayanti.
Allcargo Logistics announces Q2FY25
Cont’d. from Pg. 3
•Volume growth was witnessed during the quarter on the back of improved global trade and company’s growth initiatives As highlighted, seasonal decline was experienced across all regions towards the end of the quarter
• Contract Logistics business has reported a revenue growth of 46% on a YoY basis and 22% on a QoQ basis
on the back of new client additions and increased wallet share from existing clients.
• Express Business: EBITDA continues to show improvement on the back of cost initiatives, for Q2FY25 EBITDA was up 26% as compared to same period last year October 2024 was a landmark month for express business; it registered highest ever monthly volume, with a total of 118kt
SeaLead unveils ANIDEA Service connecting Far East, West India, and East Africa
Cont’d. from Pg. 3
Commenting on this new service, Suleyman Avci, Global Chief Executive Ofcer at SeaLead, said: “The launch of ANIDEA underscores our strategic vision to enhance shipping connectivity across crucial global trade lanes By providing a direct service from the Far East to West India and East Africa, we are opening new opportunities for faster and more efficient trade This service reflects SeaLead’s continued commitment to innovation and improving our customers’ shipping experience ”
Management at SeaLead, added: “With ANIDEA, we look to offer an unparalleled service that integrates cargo from China and Southeast Asia to key markets in India and East Africa. This direct coverage will signicantly reduce transit times and provide a reliable solution that caters to growing customer demands for comprehensive connectivity.”
The ANIDEA service reaffirms SeaLead’s dedication to connecting global markets and enhancing trade routes that facilitate smoother, faster, and more dependable shipping Through ANIDEA, SeaLead aims to strengthen its position, aligning with its broader goal of driving efficiency and growth in global shipping
CONCOR ICD - Agra providing Export-Import
AGRA: CONCOR ICD/Agra is providing export-import Warehouse Area of 2700 sq. mtrs with proper grid markings along with Customs Bonded area having adequate storage facility for
Warehouse Area
export-import cargo at economical tariffs. Demarcated chain linked fencing area in the warehouse for storage of high value goods, informs a CONCOR communique.
TBATBA Athena 0055 Q1922 1109883-06/11 MBK Line MBK Logistics Jeddah, Beldeport (India Med Service)
TBATBA Cstar Voyager 49W C Star Diamond Maritime 02/1203/12
TBATBA Contship Uno 24013W Q1925 1109887-06/11 SeaLead SeaLead Shpg. Djibouti. (IDEA - INDIA DUBAI EAST AFRICA) TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from
16/1117/11 16/11 0600 GSL Tinos 445W Q1864 1109199-01/11 Maersk Line Maersk India Algeciras (MECL) Maersk CFS
28/1129/11
TBATBA Maersk Atlanta 446W Q1917 1109857-06/11 17/1118/11
MSC MSC Agency King Abdullah, Jeddah. (Saudi Express) Hind Terminals
TO
LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSIGT
In Port 14/11 MSC Thais IS444A Q1883 1109491-04/11 MSC
MSC Agency UK, North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 20/1121/11 20/11 1100 MSC Emanuela IS445A Q1968 1110492-11/11 SCI CMT Barcelona, Felixstowe, Hamburg, Rotterdam, Gioia Tauro, 27/1128/11 27/11 1100 MSC Altair IS446A
UK, North Continent & Other Mediterranean Ports. HimalayaExpress
NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service
Allcargo Allcargo Log. UK, North Cont., Scandinavian & Med. Ports. Dron.2&Mul. ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. UK, North Continent & Scandinavian Ports. JWR
Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa.
Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware 14/1115/11 13/11 1000 MSC Rikku IU445A Q1882 1109493-04/11 MSC MSC Agency Haifa. (INDUS) Hind Terminal 15/1116/11 14/11 1500 Conti Courage IP446A Q1905 1109711-05/11 MSC MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals 29/1130/11 29/11 0900 MSC Antigua IP448A Q1986 1110810-13/11 Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D). 06/1207/12 06/12 0900 MSC York VII IP449A SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre (EPIC / IPAK)
COSCO COSCO Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Seahorse Ship UK, North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. Globelink Globelink WW UK, North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.
TSS L'Global Ag. UK, North Continent & Scandinavian Ports. Dronagiri-2 AMI Intl. AMI Global UK, North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal UK, North Continent & Scandinavian Ports. Dronagiri-3 Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.
Safewater Safewater Lines UK, North Continent, Red Sea & Med. Ports.
Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI
In Port 15/11 CCNI Angol 445W Q1862 1109200-01/11 Maersk Line Maersk India Port Tangiers, Algeciras, Rotterdam, Felixstowe Maersk CFS
21/1122/11
TBATBA Cap San Lazaro 446W Q1876 1109356-02/11 (ME 2) 14/1115/11
TBATBA Niledutch Lion 4345W Q1898 1109650-05/11 Hapag ISS Shpg. UK, North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS 27/1128/11
TBATBA Navios Constellation 4346W
COSCO COSCO (I) UK, North Cont., Scandinavian, Red Sea & Med.Ports. 09/1210/12
20/1122/11
TBATBA NYK Vesta 087W ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. (IOS) Gold Star Star Ship Hamburg, Antwerp, Tilbury. Oceangate CFS
TBATBA Value 0MXKVW1 Q1901
Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS 27/1128/11
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES
IS445A Q1968
HindTerminals
La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique,
MSC Altair IS446A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express) Globelink Globelink WW USA, East & West Coast.
MSC Rikku IU445A Q1882 1109493-04/11
TBA 1000 MSC Silvana IU446A
Agency New York, Charleston, Huston, Freeport. Hind Terminals
Kotak Global Kotak Global US East, West & Gulf Coast (INDUS) 15/1116/11 14/11 1500 Conti Courage IP446A Q1905 1109711-05/11 MSC MSC Agency Boston, Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals
29/1130/11 29/11 0900 MSC Antigua IP448A Q1986 1110810-13/11 Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira, Paita, 06/1207/12 06/12 0900 MSC York VII IP449A
Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel (EPIC / IPAK)
Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America
TBATBA CMA CGM Nabucco 0INIJW1 ONE Line ONE (India) India America Express (INDAMEX) 14/1215/12
TBATBA CMA CGM La Scala 0INILW1
COSCO COSCO Shpg. (INDAMEX) Indial Indial Shpg. US East Coast & South America
ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. ConexTerminal Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
18/1119/11
TBATBA Tolten 4146W Q1837 1108982-30/10 Hapag ISS Shpg. New York, Norfolk, Charleston, Savannah ULA CFS 25/1126/11 TBATBA Kuala Lumpur Express 4147W Q1902 (TPI/INDAMEX) TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC,
TBATBA Wan Hai 508 E208 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 14/1115/11 14/11 2359 One Competence 092E Q1896 1109604-04/11
ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 19/1121/11
TBATBA One Hangzhou Bay 057E
Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 26/1128/11
TBATBA MOL Creation 094E
HMM HMM Shpg. Seabird CFS 02/1204/12
TBATBA One Commitment 067E
Samudera Samudera Shpg. Dronagiri (PS3 Service)
Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai OceanGate 15/1116/11 15/11 1400 APL Oregon OPUSYN Q1748 1107331-17/10
RCL/Global Fdr. RCL Ag./Sima Marine Port Kelang, Ho Chi Minh City, Laem Chabang, (VGX)
MSC Agency Khoms, Tripoli, Misurata, Tunis Hind Terminals 29/1130/11 29/11 0900 MSC Antigua IP448A Q1986 1110810-13/11 CMA CGM CMA CGM Ag. Dakar,Nouakchott,Banjul,Conakry, Freetown, Monrovia, Sao Tome,Bata, Dron.-3&Mul. 06/1207/12 06/12 0900 MSC York VII IP449A Guinea Bissau,Nouadhibou, Dakar,Abidjan, Tema, Malabo & Saotome. (EPIC / IPAK) GlobelinkGlobelink West & South African Ports.
Safewater Safewater Lines East, South & West African Ports (EPIC / IPAK)
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from GTI
TO LOAD FOR EAST, WEST &
AFRICAN PORTS
JAIGARH PORT LIMITED
DHL sees the continued importance of Road Freight in Southeast Asia as Companies Build Supply Chain Resiliency
• DHL's new white paper reveals while progress is being made in Asian road freight, challenges remain, and opportuni es to reimagine the movement of freight across the region
• Countries such as Thailand, Vietnam, Malaysia and Singapore to benefit from its mul modal connec vity
BONN: DHL Global Forwarding (DHL), the freight specialist arm of DHL Group, said that road freight will continue to play an important and increased role in Southeast Asia, as companies look to build more resilient supply chains. In a new white paper titled “Highway to the Future: Navigating the Road Freight Opportunities in Southeast Asia”, DHL outlines the role of road freight as a single or in a multimodal solution, as businesses look to more agility and flexibility in transportation modes for their shipments.
“Over the last few years, we have seen strong export growth in Vietnam, Thailand, and Malaysia Vietnam is Southeast Asia’s largest exporter currently, while Malaysia has strengthened its position as a semiconductor hub Thailand has made great strides in automobility, particularly in the electric vehicles (EV) sector.
The new DHL International Multimodal Hub at Suvarnabhumi Airport Free Zone 3 will also see Thailand emerge as a regional trade hub. The simplified process will allow goods to be shipped through multiple transport modes, making the country even more attractive for companies looking to expand or move part of their production into Southeast Asia.
While our last whitepaper focused on the emerging use of road freight during the pandemic, our new whitepaper highlights why it remains important even as we see air and ocean freight normalize globally,” said Thomas Tieber, CEO, DHL Global Forwarding Southeast Asia and South Pacic.
Countries such as Vietnam, Thailand, Malaysia, and Singapore are set to benefit, especially with their connectivity options, as trade can happen through either road, air, or ocean. These countries also have favorable trade agreements with major economies globally.
Digitalization and improved infrastructure to drive road freight forward
The growing importance of building a resilient supply chain has called for greater agility and transparency with real-time visibility and insights into shipment statuses and road conditions, amidst concerns about security, safety, and stability Southeast Asia's advanced cellular networks have enabled real-time monitoring of road freight via sensors and GPS units, providing customers with accurate predictions of cargo location and arrival times. While global companies are diversifying their supply chain, Chinese companies are also expanding their manufacturing base into the region. In 2023, China’s investment into Southeast Asia reached US$24 billion, according to a report by McKinsey These investments highlight the region's growing importance as a global manufacturing hub, especially with markets such as Cambodia, Laos, Thailand and Vietnam.
These countries have announced or implemented improvements or expansions of transportation infrastructure that are vital for logistics. For example, in 2021, Laos opened a new railway linking Vientiane to Kunming in China. Thailand has also opened the new DHL International Multimodal Hub, making it easier for shipments to move in, out, and through Thailand across different transportation modes.
“These investments into making rail or road infrastructure better in Southeast Asia means that it is often cheaper and faster than air to ship from China into Southeast Asia. Road freight plays an important role in a multimodal solution. Moving goods through a combination of transport modes can result in faster Door-to-Door (DTD) lead time compared to ocean freight, with substantially lower cost than air freight,” said Bruno Selmoni, VP, Head of Road Freight and Multimodal Solutions, Southeast Asia, DHL Global Forwarding.
NICDC and Bihar Industrial Area Development Authority (BIADA) sign agreements to develop Integrated Manufacturing Cluster (IMC) in Gaya
NEW DELHI: In a landmark step towards accelerating industrial development in Bihar, National Industrial Corridor Development Corporation (NICDC), the Government of Bihar and the Bihar Industrial Area Development Authority (BIADA) have signed the State Support Agreement (SSA) and Shareholder Agreement (SHA) for the establishment of an Integrated Manufacturing Cluster (IMC) in Gaya, a node under the Amritsar-Kolkata Industrial Corridor (AKIC).
In line with the government’s ‘Vikas bhi, Virasat bhi’ (development along with heritage) vision, as highlighted by Finance Minister in her recent speech, this project is poised to drive economic growth while enhancing the cultural legacy of Gaya, a renowned destination for international pilgrimage and heritage tourism.
Driving industrial growth and investment for a ‘self-reliant’ India
IMC Gaya, located 39 kms south of Gaya International Airport, will cover 1,670 acres with a projected investment potential of INR 16,524 crore and a project cost of INR 1,339 crore This ambitious project is expected to create approximately 1,09,185 jobs, providing an economic boost to the local community IMC Gaya will be strategically developed to attract industries across multiple sectors, including building materials, agri-food processing, leather goods, readymade garments, furniture, handloom and handicrafts, engineering & fabrications and medical equipment. Key project benets and connectivity
The strategic location of IMC Gaya offers excellent connectivity and access to key transportation hubs as NH-19
(Golden Quadrilateral) is just 10 km away, while NH-22 is 2 km away, proximity to Gaya Junction (40 km) and the upcoming New Paharpur Railway Station under EDFC (45 km) makes access to rail easier
Gaya International Airport is also 30 km away, Patna International Airport (135 km), and Ranchi Airport (150 km) with access to ports and terminals like Haldia Port in Kolkata (550 km), and Inland Waterways Authority of India (IWAI) terminals at Gaighat, Patna (145 km), and Ramnagar, Varanasi (210 km).
Three greenfield road projects have been proposed to further strengthen IMC Gaya's accessibility This robust connectivity, including the Golden Quadrilateral and multitrack railway lines, is set to enhance the logistical efficiency for industries in IMC Gaya, making it an attractive hub for domestic and international businesses. Planned infrastructure and facilities
The cluster will include extensive infrastructure like a 29.89 km internal road network, 220/33 KV and 33/11 KV electrical substations, 162 MVA assured power supply, and a 19 MLD water supply system along with a skill development center, fire station, administrative office, parking, and commercial space to support industrial operations and workforce needs.
The cluster will also have ‘Plug n Play’ infrastructure facilities like Common Effluent Treatment Plant, Sewage Treatment Plant, Water Treatment Plant, Solid Waste Management, Stormwater drainage, and green landscaping to ensure environmental compliance.
'India to Build World's Biggest Port': Shipping Minister Sarbananda Sonowal
NEW DELHI: At the India Economic Summit 2024, Union Shipping Minister Sarbananda Sonowal announced plans for India to develop the world’s largest port, marking a historic transformation
i n I n d i a ’ s p o r t a n d s h i p p i n g industry under the leadership of Prime Minister Narendra Modi .
The Union Minsiter Sonowal highlighted the sector ’s past challenges. "Water is essential to human and national development," he stated.
“In the past, this sector was neglected; we were ‘sea blind.’ But under PM Modi’s leadership, the waterways and ports sector is now thriving with new principles and programs”, he added.
“A key part of this transformation is the Sagarmala Program, a flagship initiative that has driven rapid growth across the country’s coasts”, he shared.
"To develop our projects, we are collaborating with private players and coastal states," Sonowal said, noting that projects from Gujarat to Bengal have succeeded due to modernization and digitization.
India's Growth in the Shipbuilding Industry
This progress is evident in global metrics. Sonowal cited a recent World Bank performance index report, which showed India’s ranking i m p r o v i n g s i g n i f i c a n t l y, w i t h
container turnaround times reduced from 44 hours to 22 hours. "Our growth is exemplary," he added.
Addressing India’s current share of global container traffic at just 2.4%, Sonowal emphasized efforts to i n c r e a s e d o m e s t i c c o n t a i n e r production to meet demand. “In the coming days, our country will begin producing containers locally,” he assured, adding that in the next 25 years, India aims to rank among the world’s top 10 maritime nations.
Sonowal also shared a bold vision for India's shipbuilding industry, targeting a spot among the top five global players in the next decade. He mentioned that India will begin constructing ports in Sri Lanka and further noted India’s big investments in its shipping industry "By 2047, we plan an investment of 80 lakh crore in the ship industry,” he stated, affirming that “India is about to grow in all maritime sectors."
"We are building a network to h a n d l e 3 0 0 m e t r i c t o n n e s o f containers annually,” he said, adding that this will give the Indian economy a significant boost.
He also shared that collaborations with countries like Iran and Russia are paving the way for increased trade and connectivity
On the volatile situation in Myanmar and Bangladesh he said, "With the Indo-Myanmar Friendship Port and plans for additional ports in
Sri Lanka, India is strengthening its position in regional and global maritime networks, ” he said. He affirmed that both the countries are committed to honor the ties.
Sonowal emphasized that ports, shipping, and waterways are creating job opportunities across India "From the grassroots level to the top, this ministry plays a key role in supporting India’sfast-growingeconomy,”hesaid When asked about development in the Northeast, Sonowal discussed new initiatives to support trade along the Brahmaputra River, which includes terminals for cargo and crew "This terminal will benefit tourism and provide infrastructure opportunities. The Northeast now has the best opportunity for growth,” he asserted, crediting PM Modi’s commitment to development in the region.
“ N o w o c e a n i s a b l e s s i n g , investment in water will now bring monetary benefits The number of cruises is also increasing. PM Modi has said given special attention to northeast, now the region has road connectivity, railway connections and other developments", he said.
He concluded by reiterating his commitment to India’s maritime progress. "We must prove to the world that India can thrive through its water ways We must keep our water ways clean, and we are dedicated to this vision for our nation."
India may cut import taxes if desi companies are not hurt, says FM Sitharaman
NEW DELHI: India’s Finance Minister Nirmala Sitharaman has said the country could consider easing some import taxes, as long as these changes in duties do not harm domestic businesses. Her comments suggest a possible softening of India’s trade policies, following remarks by US president-elect Donald Trump, who called India the “biggest charger” of tariffs.
“It is possible to explain every tariff we have levied,” Bloomberg cited Sitharaman saying during an event in New Delhi. Sitharaman said she has “responsibility” to protect Indian companies. Sitharaman said the government can “lift tariffs” on imports, provided it does not hinder the nation’s manufacturing capability “I have to balance the two,” she said. Her statement comes after Trump
promised reciprocal actions against countries like India for imposing high import taxes on US goods.
The US has become India’s top trade partner, with two-way trade reaching $119.7 billion in the last fiscal year—a rise of over one-third in five years. Meanwhile, the US trade deficit with India has been widening, reflecting India’s export strength even in the face of restrictive tariffs.
Lifting rice export curbs to help push Agri Shipments
over USD 50 bn in FY25: Ofcial
NEW DELHI: The country's agri exports are expected to cross USD 50 billion in 2024-25 on account of healthy demand and lifting on curbs on non-basmati rice, an official said on Tuesday. The official said export curbs on rice, wheat, and sugar impact agri exports to the tune of about USD 6-7 billion. "But now the curbs have been removed on rice,
we expect that the agri exports will cross USD 50 billion. So far the trend is good, though the growth rate is not positive but as now rice is opened, by December-end, we will be in the positive zone," the official added.
Rice exports are likely to reach 17-18 million tonnes this fiscal year as against 14-15 million tonnes last year
"It will give a big boost to exports,"
the official said, adding that basmati shipments may touch 5.5 million tonnes, while parboiled could be around 7-8 million tonnes and over 4 million tonnes of non-basmati rice
The main commodities, which are registering healthy growth included fruits, vegetables, meat and its products, beverages, and food processing.
Reliability Performance for Global Carriers in 2024 : Sea-Intelligence
Maersk was at the top of the composite rankings, having ranked 1st on a trade lane 16% of the me and within the top-3 44% of the me
COPENHAGEN: Since 2019, the most reliable of the top-13 global carriers in each month, has rarely been the most reliable carrier in more than 30% of the trade lanes, that they offered a product in. For context, we benchmark schedule reliability across 34 trade lanes in the GLP report by Sea-Intelligence.
How is it then possible for a carrier to be the most reliable overall, when they are not the most reliable in twothirds of the trades they offer? The answer lies in consistency – these carriers were consistently in top-5 of most reliable global carriers in 50%-80% of the trade lanes. Essentially, if they weren’t 1st, they were 2nd or 3rd, and more often than not, no lower than the 5th most reliable on a given trade lane.
This is simple to understand on a monthly basis but becomes complicated if you want to calculate relative schedule reliability performance over a longer timeframe. Who is the better performer – a carrier that is 1st in 50% of the trade lanes and 8th in 50% over a 6-month period, or one that is never 1st, but is 3rd in 100% of the trade lanes over that same period?
To quantify this for Jan-Sep 2024, we developed a composite score For each global carrier, we calculated the percentage of times they ranked 1st, 2nd, 3rd, etc., on a trade lane Every time they ranked 1st, they were assigned a score of 1.0, every time they ranked 2nd, they were assigned a score of 0 9, and so on, until a score of 0 1, which was assigned
every time they ranked 10th on a trade lane These scores werethenaddedup,withtheresultshowninFigure1 Maersk was at the top of the composite rankings, having ranked 1st on a trade lane 16% of the time and within the top-3 44% of the time. ZIM followed, having been ranked 1st 17% of thetimeandwithinthetop-339%ofthetime CMACGM,MSC, and PIL rounded out the top-5, while ONE was at the bottom with the lowest composite score ONE was ranked 1stonatradelaneinonly2%ofthetimeandwaswithinthetop330%ofthetime.
India imposes anti-dumping duty on chemical imported from China, Korea, Thailand
NEW DELHI: India has imposed an anti-dumping duty of up to $557 per tonne on a chemical used mainly in the adhesive industry from China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations.
T h e d u t y w a s i m p o s e d a s t h e c h e m i c a l –Epichlorohydrin – was exported to India from these countries at below-normal prices.
“The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) ,” the department of revenue said in a notification.
The levy is imposed following recommendations for the
same by the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR).
Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of Geneva-based World Trade Organization (WTO). The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.
India has already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China.
Growth in Chinese Ports’ Volume Slows in 3Q24; Limited Increase in 4Q24 : Fitch Ratings
SHANGHAI: Growth in throughput at Chinese ports slowed in 3Q24 due to weaker exports to most markets and subdued domestic demand, and Fitch Ratings expects growth in 4Q24 to be muted.
Fitch expects limited cargo and container throughput growth in 4Q24 as the upfront loading effect fades
While exports may rise in 4Q24 due to last year’s low base, overseas demand may stay tepid. Domestic weaknesses weigh on China’s consumption and investment, and Donald Trump’s election as US president adds to downside risks. However, this may prompt China to implement a more aggressive stimulus package, offering some support.
China’s total cargo and foreign trade throughput growth slowed to 1% and 5% yoy in 3Q24, from 3% and 8%
in 2Q24 Total container throughput grew by 6% yoy in 3Q24, compared with 10% and 7% in 1Q24 and 2Q24, due to sluggish external demand.
The value of exports rose by 5.5% yoy in 3Q24, benefiting from a low base in 3Q23. However, it was largely flat versus 2Q24. Exports to the US and EU continued to rebound, up 5% and 7.6% yoy, respectively. Export growth to ASEAN eased to 8.8% yoy in 3Q24 from 15% in 2Q24 and fell 7.1% qoq.
Both the Shanghai Containerized Freight Index and the China Containerized Freight Index peaked in July, then fell about 40% by the end of October The Baltic Dry Index (BDI) and the Baltic Dirty Tanker Index (BDTI) remained elevated, up 57% and 15% yoy in 3Q24. The BDI was stable qoq while the BDTI dropped by 19% qoq.
Merchandise Exports on track for modest rebound, projected to reach $107.5 Billion in Q3: Export-Import Bank of India
MUMBAI: India’s merchandise exports are expected to see a 1.85% year-on-year increase, reaching $107.5 billion in the third quarter of FY25 (October-December), as projected by Export-Import Bank of India. This is a rise from $104.61 billion during the same period last year
For non-oil exports, ExportImport Bank of India forecasts a 7.39% year-on-year growth, reaching $91.7 billion. Exports excluding oil, gems, and jewellery are projected at $82.7 billion, reflecting a year-on-year increase of 7.8%.
This anticipated growth signals a modest yet steady rebound for India’s merchandise exports amid global economic uncertainties. The rise is attributed to India’s strong economic fundamentals and sustained demand
Additionally, potential easing in global monetary policies could create a more favorable environment, further supporting export growth.
However, Export-Import Bank of India cautions that external risks persist, including uncertainties in advanced and emerging economies, rising geo-economic fragmentation, crises in the Middle East and West Asia, potential protectionist policies, and ongoing supply chain disruptions
The positive momentum in total merchandise, non-oil, and non-oil, non-gems, and jewellery exports is expected to extend into Q4 FY25, according to Export-Import Bank of India.
“The export forecast for this
quarter is only slightly higher than last year’s, but when looked at on a monthly basis, it’s clear that real growth is not happening,” said Pronab Sen, an Economist and Former Chief Statistician of the Country.
There’s been no significant increase; the growth we’re seeing is far below expectations For an economy aiming for a 7% growth rate, we should ideally see exports growing by 14-16%. However, export growth isn’t aligning with this target,” said Sen “While various factors are impacting exports, a global economic slowdown isn’t one of them the global economy is, in fact, relatively stable. We need to examine more closely why our exports are struggling to gain momentum.”
"India is now Russia's second-largest economic partner," says Denis Manturov at trade session
NEW DELHI: Russia's First Deputy Prime Minister Denis Manturov who is in presently on a visit to India highlighted the significant progress in bilateral trade between the two countries while emphasising the potential for further growth.
At the 25th Session of the IndiaR u s s i a I n t e r g o v e r n m e n t a l Commission on Trade, Economic, Scientific, Technical, and Cultural Cooperation held in the national capital, Manturov stressed the i m p o r t a n c e o f e n h a n c i n g collaboration through large-scale congress and exhibition events in
both countries, which he said would "allow to rhythmically expand the growth rates of trade turnover in accordance to fashion."
Pointing to the impressive trajector y of trade relations, Manturov said, "Here I would like to p o i n t o u t t h e s t a b l e p o s i t i v e dynamics, and over the last five years, trade turnover of our country has grown more than fivefold. India is now the second country among all the foreign economic partners of Russia."
He noted that this positive trend has continued in 2024, with a nine per cent increase in trade turnover in the first eightmonthscomparedtolastyear
M
diversification of trade between the two countries, citing traditional exports of energy sources and mineral fertilisers alongside the growing food exports, particularly sunflower and soybean oil On the other hand, he noted Russia's i m p o r t s f r o m I n d i a i n c l u d e industrial equipment, components, p h a r m a c e u t i c a l d r u g s , a n d substances He further mentioned p
imbalance and diversify the product range as part of a comprehensive roadmap for cooperation until 2030.
Infra, Transport sector leaders expect growth in earnings, headcount in next 3 years: KPMG
MUMBAI: India is likely to see the implementation of one of the largest infrastructure programmes in the 2 1 s t c e n t u r y a m o n g s t l a r g e economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report. The report titled ‘KPMG 2024 Infrastructure and Transport CEO Outlook’ further said a survey of 120 sector leaders from across the world found that CEOs in the infrastructure and transportation sector anticipate business growth over the next three years, in terms of earnings and headcount.
I t r e v e a l e d t h a t g l o b a l l y 57 per cent of sector CEOs say stakeholder expectations pertaining to ESG are changing faster than
they can adapt their strategy
More than half of CEOs believe that a global failure on climatechange adaptation will have a real short-to medium term impact on their growth, it added.
With confidence and trust in governments declining around the world, the report said 62 per cent of respondents believe the public is looking to businesses to fill the void on societal challenges Seventy-one per cent also state that they are willing to divest a profitable part of the business if it was damaging their organization’s reputation, it said.
Manish Aggarwal, Partner, CoHead – Deal Advisory, and Head –Infrastructure, Disinvestments, and Special Situations Group, KPMG
in India said that the race to embrace emerging technologies, such as Gen AI, has risen up the agenda for CEOs across the infra and transport sector.
The 10th edition of the KPMG CEO Outlook, conducted with 1,325 CEOs between July 25- 29 2024, provides unique insight into the mindset, strategies and planning tactics of CEOs.
All respondents have annual revenues of over USD 500 million and a third of the total companies s u r v e y e d h a v e m o r e t h a n USD 10 billion in annual revenue. The survey included CEOs from 11 key markets – Australia, Canada, China, France, Germany, India, Italy, Japan, Spain, UK and USA and 11 key industry sectors
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
TODAY’S TIDE 14/11/2024
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I VACANT
CJ-II
ST Andrew B S Shipping 23/11
CJ-III Eleen Sofia ACT Infraport 22/11
CJ-IV APJ Jai Cross Trade 17/11
CJ-V Propel Fortune Cross Trade 17/11
CJ-VI Planet Team Dariya Shipping 15/11
CJ-VII Huayang Rose Benline 17/11
CJ-VIII VACANT
CJ-IX Ability
CJ-X Pan Spirit Taurus 17/11
CJ-XI VACANT
CJ-XII Northern Monument United iner 15/11
CJ-XIII Greentec Rishi Shpg. 16/11
CJ-XIV MBS Buleleng Cross Trade 17/11
CJ-XV Propel Prosperity ACT Infraport 15/11
CJ-XVA Ocean Cadence Cross Trade 16/11
CJ-XVI African Cormorant DBC 16/11
TUNA VESSEL'S NAME AGENT'S NAME ETD Danae Benline 15/11
Hero Merchant Shpg. 17/11
Kiran Caspian Dariya Shipping 15/11
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I
OJ-VII Lucky Chem J M Baxi 14/11
Prince Khaled 12/11 Somalia
Yangtze Impression 12/11 China
Nav Neha 12/11 China
Mohsen Ilyas 12/11
Xin Long Yun 55 13/11 Karachi-Jebel Ali Safeen Power 13/11 Nhava Sheva-Jebel Ali-Dammam-ShuibaUmm Qasr
African Loon 13/11 Belliston
Porto Fiscardo 13/11 AS Alexandria 14/11 Pipavav-CochinTuticorin-Kattupalli Anna M 14/11 Abidjan
Steamer's Name Agents Arrival on
Clipper Brunello B S Shipping 26/10
Ruby Confidence B S Shipping 19/10
Future ID DBC 31/10
Steller Enguri J M Baxi 03/11
Golden ID DBC 31/10
Thor Niramit Mihir & Co. 04/11
Saronic Spirit Synergy 05/11
Iki Krishna Shpg. 05/11
Grampus Ace GAC Shpg. 07/11
Fareast Harmony Port & Sea Expert 07/11
Iyo Sea Rishi Shipping 08/11
Suvari Kaptan DBS 05/11
Global Eternity DBC 10/11
Iberian Bulker DBC 11/11
Cosmic Tiger Seaworld 11/11
Dubai Knight DBC 11/11 Time Height Time
Stream
Stream Globe Cleopatra Interocean
Stream
Stream Golden ID DBC
Stream Iki Krishna Shpg.
Stream
Stream Ruby Confidence
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
Stream
Stream Iberian Bulker DBC
20/11 Ivy Blue J M Baxi
Stream Iyo Sea Rishi Shpg. 29,775 Jas Pine Logs
Tuna Kiran Caspian Dariya Shpg 53,501 T. Petcoke
CJ-X Pan Spirit Taurus 43,633 / 10,937 T. DAP / TSP
CJ-VI Planet Team Dariya Shpg South Africa
T. Coal INIXY124111528
Stream Primerose J M Baxi Shangai 13,304 T. Steel (3,643/3,728 T.HRC / CRC, 5,648 S. Plates, 314 P. Cargo
CJ-V Propel Fortune Cross Trade 39,129 CBM T. Logs
Stream Saronic Spirit Synergy Australia 35,921 CBM Aus P. Logs. 18/11 Scion Mathilda Taurus 14,056 T. MOP
Stream SJ Busan Anline Shpg. 50,097 T. Urea 21/11 Splendour Keelung J M Baxi Indonesia 7,775 T. Woodpulp
Stream Steller Enguri J M Baxi Indonesia 7,760 T. Mach. Pkgs. (1,869 CBM/90 Pcs) INIXY124101414
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
14/11 Oceana (V-931S) 4104020 Unifeeder Ag Jebel Ali 17/11 Maersk Chachai (V-446W) 4103911 Maersk India Nhava Sheva 17/11 Cap San Lazaro (V-446W) 4103912 Maersk India Jebel Ali
Wan Hai 523(V-2033E) Port Klang 09-11-2024 As Susanna(V-0013) Nhava Sheva 11-11-2024
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
& AUSTRALIAN PORTS
In Port —/— KMTC Dubai 2406E 2404006 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao,
Port —/— Shimin 24E 2403984 Evergreen/ONE Evergreen Shpg/ONE Port Kelang, Tanjin Pelepas, Singapore, Xingang, Qingdao, Ningbo 14/11 23/11 23/11-PM Seattle Bridge 0093E 2403901 Feedertech/TS Lines Feedertech / TS Line Shanghai (CISC) 24/11 14/11 —/— X-Press Capella 24007E 2404019 One/X-Press Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) 15/11 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX)
15/11 15/11-AM Hyundai Brave 111E 2403820 Hyundai Seabridge Maritime Singapore, Da Chan Bay, Busan, Kwangyang, Shangai. (FIM EAST) 16/11 16/11 16/11-PM Wan Hai 626 18E 2403933 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 17/11 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)
18/11 18/11-AM Northern Practise 34E 2403988 FeedertechFeedertech Port Kelang, Singapore, Leam Chabang.(AGI) 19/11 19/11 19/11-PM KMTC Yokohama 2410E 2404030 Wan Hai Line Wan Hai Lines Port Kelang, Jakarta, Surabaya. (SI8 / JAR) 20/11 KMTC / Interasia KMTC (I) / Interasia 21/11 21/11-PM KMTC Chennai 2409E 2404029 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS)
TS Lines Samsara Shpg TO LOAD FOR INDIAN SUB CONTINENT
CB-4 Artam (V-1337W) HDASCO Armita India Gulf 2392815 14/11 Car.BMCT-1 Asterios (V-2403W)(Sailed) Folk Maritime/Asyad Seastar Global/Seabridge Jeddah
13/11 18/11 Wadi Dukka (V-2406W) 19/11 17/11 APL Holland (V-OMSKBW1) CMA CGM/Maersk Line CMA CGM Ag.(I)/Maersk India Africa 18/11 Car.CB-4 AS Susanna (V-013W)(Sailed) Unifeeder/One Unifeeder/One India Gulf
06/12 Dubai Tower (V-24005R) X-Press Feeder/MSC Sea Consortium/MSC Ag Red Sea 07/12 Car.CB-5 Grasemere Maersk (V-446W)(Sailed) Maersk Line Maersk India U.K. Cont. 2392919 14/11 16/11 GSL Tinos (V-445W) Maersk Line Maersk India Mediterranean 17/11 17/11 Inter Sydney (V-0167) Interworld Efficient Marine Gulf 18/11 25/11 Melbourne Bridge (V-2407E) Global Fdr/TS Lines Sima Marine/TS Lines (I) Far East 26/11 29/11 Zhong Gu Hang Zhou (V-24004E) Sinokor/Heung A Line Sinokor India 30/11 17/11 Maersk Cape Town (V-447S) Maersk Line Maersk India Africa
14/11 MSC Bremen (V-IV446A) MSC MSC Ag U.S.A.
25/11 SOL Prime (V-5406W) BLPL Transword GLS Jebel Ali
17/11 Sheng Li Ji (V-SENO824W) Akkon Oasis Shipping Europe/Med.
23/11 Seattle Bridge (V-093E) Unifeeder/KMTC Unifeeder/KMTC(I) Far East &
25/11 Ever Sigma (V-130E) Hapag/Evergreen ISS Shipping/Evergreen Shpg. Colombo
ONE/TS Lines ONE (I)/TS Lines(I) 18/11 Wan Hai 316 (V-221E) Wan Hai/Unifeeder Wan Hai Lines (I)/Unifeeder Jebel Ali
Car.BMCT-3 MSC Monica III (V-JU444R)(Sailed) MSC MSC Agency
14/11 Maersk Chachai (V-446W) Maersk Maersk India Africa
16/11 Northern Guard (V-E927) Sinokor/Heung A Sinokor India Far East
21/11 Wan Hai 627
B.Pier Granny Brave
B.P.Extn. Norvic Houston GAC
OCT 1
OCT M
OCT 2 Squaxin Island
NSDT/COASTAL/ NSDT/COASTAL/
CII Delegation visits JNPA to enhance Industry Collaboration and Trade Practices
NAVI MUMBAI: Jawaharlal Nehru
Po r t Au t h o r i t y - I n d i a ’ s B e s t
Performing Port, hosted a high-level delegation from the Confederation of Indian Industry (CII), accompanied by senior industry professionals, in a visit aimed at enhancing collaboration and strengthening industry relations The visit provided a platform for valuable discussions on trade infrastructure and shared objectives for advancing India’s port sector
Shri Unmesh Sharad Wagh, IRS, Chairman, JNPA, welcomed the CII delegation and facilitated discussions on mutual interests. Commenting on the visit, he said, "We extend our sincere gratitude to CII for creating this opportunity to connect with industry leaders. These dialogues are essential in harmonizing our efforts with the ever-evolving demands of the sector. At JNPA, we are committed to enhancing partnerships that support robust and seamless flow of commerce, and effective operations, both domestically and globally."
Along with the CII delegation r e p r e s e n t a t i v e s f r o m l e a d i n g organizations such SEZ - Welspun One, Volumnus Developers Pvt Ltd, Tata Consumer Products Ltd, Stellar Value Chain Solutions Pvt Ltd, PhillipCapital India Pvt Ltd, Mysore Ammonia and Chemicals Ltd , Chemtrols Industries Ltd, and other notable participants from prominent organizations visited JNPA
During their visit, the CII delegation explored the JNPA Special Economic Zone (SEZ) and was also given a tour of the NSFT (Nhava Sheva Free Trade) Terminal, one of JNPA’s key terminals, to understand its operational capabilities and role in streamlining trade operations. The delegation was then presented with a detailed overview of JNPA’s ongoing and future projects, including efforts toward sustainable growth, digital advancements, and port efficiency
This visit highlights JNPA’s commitment to b u i l d i n g s t r o n g i n d u s t r y r e l a t i o n s h i p s a n d advancing its vision of becoming a world-class port, driving economic growth and trade excellence for India
