MUM-15-03-2023

PM Gati Shakti NMP facilitates Multi-Model connectivity to various Ports & Shipping centres : Sarbananda Sonowal

NEW DELHI : PM Gati Shakti National Master Plan (NMP) is a transformative approach for integrated and holistic planning across concerned Ministries / Departments to improve multimodal connectivity, logistics efficiency and to address critical infrastructure gaps for seamless movement of people and goods, with focus on minimising disruptions and ensuring timely completion of projects.

The NMP aims at facilitating development of multi-modal connectivity infrastructure to various economic zones including Ports and shipping sector. 101 number of projects in respect of Ports and Shipping have so far been identified under PM Gati Shakti initiative worth Rs. 60,872 Crores for implementation.Outofthese,13projectsworthRs.4,423crore have been completed. The statewise list of projects for Ports andshippingsectorisannexed.

Allcargo Group ramping up its ESG initiatives to create positive impact for Stakeholders

ESG Global core team to be led by Suresh Kumar R, CEO of Allcargo India and Group’s CFS and ICD businesses

MUMBAI : Allcargo Group, an India-born global logistics conglomerate, is strengthening its ESG (Environmental, Social and Governance)frameworkandacceleratingitsinitiatives.

The priority for Allcargo Group is to ensure that its businesses across the world have a common, robust framework for their ESG initiatives at different stages of evolution to create sustained outcomes whilst strengthening

the group’s commitment to environment and societies. It has engaged KPMG Assurance and Consulting Services LLP to assist in laying the foundational framework for ESG strategy and formulating the milestone goals. Due to the group’s global presence & for automating ESG reporting along with the requisite digital tools for tracking as well as driving ESG programs it has roped in GovEVA. The GovEVA ESGsoftwareisauniquetechnologywhichcombinesleadingedge, AI-enabled automation and domain-rich content that acceleratesanorganizations’ESGjourney.

Require JUNIOR EXECUTIVE for Customer Service Team at our Ahmedabad Office Candidate must be graduate, having minimum 1 year related experience in Shipping Industry (Fresher can also apply), English conversant & Computer literate can drop cv to : suphrs@evergreen-shipping.co.in

TRANSHIPMENT AT COLOMBO TRANSHIPMENT AT PORT KLANG WEST

Allcargo Group ramping up its ESG initiatives to create positive impact for Stakeholders

ESG Global core team to be led by Suresh Kumar R, CEO of Allcargo India and Group’s CFS and ICD businesses

Cont’d from Pg.3

The Group’s ambitious ESG strategy willbe governedbya core group, including senior leadership from across its offices in the world, led by Suresh Kumar R, CEO of Allcargo LogisticsIndia.AcomprehensiveroadmapfortheGroupto achieve its ESG and sustainability goals is being created. To further understand how ESG could be integrated into the group’s business, over300 senior leadership team members have been trained through an immersive program by NITIE (NationalInstituteofIndustrialEngineering).

“We are reimagining our existing business models and believe that for sustainable growth ESG has to be integral andembeddedinourbusinessstrategy.ToscaleupourESG agendafurtherwehaveembarkedonourjourneyofbuilding a diverse workforce while nurturing the community we live in. Our ultimate focus with the ESG strategy is to help us in positioning for continued success, while supporting our clients’ business objectives. At this juncture, we are uniquely placed to combine our business operations and be more purpose and sustainability driven coupled with digital innovation that will ultimately lead us to not only drive the sustainability agenda of the group but also shape sustainable logistical solutions with the wider logistics ecosystem and leave behind a better planet for the future generations,” said Mr. Shashi Kiran Shetty, Founder and ChairmanofAllcargoGroup.

Over the past few quarters Allcargo group has launched a slew of programs straddling a wide range of topics – cyber security, Diversity & Inclusivity, Supporting communities to name a few. The group’s cybersecurity posture is compliant withbestpracticesandisISO27001 certifiedwhiletheCyber Exposure Score (CES) is in the Low Risk category. As the group is spread out across the globe it has streamlined and centralizeditstechnologystackandhasaunifieddashboard

for reporting of key metrics. From an inclusivity and diversity perspective, the group worldwide has over 50% womeninitsworkforce.ECUWorldwide(agroupcompany), is the leader in this and there are opportunities for other group companies. To further encourage women employees, a group-wide initiative RESTART- Back To Work Program for Women was rolled out for women returning to their careers after a break. At Gati-KWE, one in five middle and uppermanagementpositions,isstaffedbywomen.

Allcargo Group was amongst the first to recognize the importance of skilling the community they operate in and was instrumental in setting up a multi-skill development centre in collaboration with JNPT and CIDCO. It provided underprivileged youth with an opportunity to better their employability, while simultaneously making skilled labour and allowed many families to transform their lives for the better. Over the course of years under Allcargo’s Pradhan Mantri Kaushal Kendra (PMKK) over 500 students have completedtrainingandreceivedassistanceforplacements.

Furthermore, to help with environment sustainability, the group is ensuring that by 2025, Gati‘s (an Allcargo Group Company) entire fleet of last mile delivery vehicles switch to utilizing alternate fuels. Avvashya Foundation, the CSR arm of Allcargo Logistics, is well on course to completing its target of a million trees by 2023 working with 15000 farmers across tribal belts in Maharashtra including Jawhar, Mokada and Karjatin Palghar and Raigad districts of MaharashtraundertheaegisofMaitreeinitiative.

Allcargo Group has a revenue of over USD 2.6 billion and is headquartered in Mumbai with operations across 180 countries that includes Allcargo Logistics Limited, ECU Worldwide and Gati Limited. The group has a unified focus on customer centricity and a digital-first approach and offers solutions across the international supply chain, express distribution, CFS-ICD, contract logistics and logisticsparks.

Milaha reports Net Prot of QR 1.013 bn in 2022

(QR 724 Mn) : Milaha Chairman

…Milaha’s Ordinary and Extraordinary General Assembly Meeng Approved Distribuon of 35% Cash Dividend

QATAR : Qatar Navigation Q.P.S.C. (“Milaha”) held its Ordinary and Extraordinary Annual General Assembly Meeting virtually, recently at the Company’s headquarters, during which the Shareholders approved Ordinary General Assembly Meeting agenda, including the company’s audited financial statements for thefiscalyearendedDecember31,2022.

The Ordinary General Assembly Meeting ratified all items on its agenda including the proposal of the Board of Directors to distribute a cash dividend of 35% of the nominal share value, equivalent to QR 0.35 per share. The Ordinary General Assembly also approved assigning “Pricewaterhouse Coopers” as Auditors for the year 2023.

Addressing the meeting, H.E Sheikh Jassim bin Hamad bin Jassim bin Jaber Al-Thani, Chairman of Milaha’s Board of Directors, presented an overview of the Company’s activities and consolidated financial results, as Milaha reported a net profit of QR 1.013 billion in 2022, comparedtoQR724millionin2021.

In his speech, H.E the Chairman of the Board of Directors commended that the financial results witnessed significant breakthroughs and steady increases in profit

ratios. As for the operational side, there is a significant development in quality of services and core business provided by Milaha, which has been reflected positively on theGroupsfinancialandoperationalperformance.

The Extraordinary General Assembly ratified the increase of the percentage of Non-Qatari ownership in the company’s capital from 49% to 100%, after obtaining all the necessary approvals from the concerned authorities.

Authorizing H.E. Chairman of the Board of Directors to completeallthenecessaryprocedures.

Development of ‘Berth No.13’ at DPA Kandla, approved for handling Multipurpose Clean Cargo under PPP mode

GANDHIDHAM : Ministry of Ports, Shipping and Waterways (MoPSW) has unveiled an ambitious plan to develop ‘Berth No.13 for Handling Multipurpose Clean Cargo including Container Cargo at Deendayal Port, Kandla, Gujarat on Design, Build, Finance, Operate & Transfer (DBFOT) basis under Public Private Partnership (PPP) Mode. The project will be developed for an estimated cost of Rs. 167.88 Crore. The development of this project by MoPSW is in line with the efforts to provide world class infrastructure and services to its stakeholders andtocatertothefuturerequirementsofthehinterland.

“Prime Minister Shri Narendra Modi’s vision of PPP model in ports has been a revolutionary step in making our ports globally competitive. This project will substantially enhance the cargo handling capacity of the Deendayal Port, which will ultimately benefit the trade from Gujarat, Northern and Western India,” said Shri Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways.

The proposed facility is planned for handling vessels up

to 75,000 DWT or equivalent TEUs with Optimal Capacity of4.20MMTPAforMultipurposeCleanCargoand0.10Million TEU(Twenty-footequivalentunit)forContainerCargo.

This facility will be used for handling Multipurpose Clean Cargo, viz., Food grains, Sugar, Salt, Silica Clay, RoRo Cargo, Timber Logs, Project Cargo including Container Cargo on PPP mode, by allotting the berth to the successful bidder on ‘as-is-where-is’ basis through DBFOTunderPPPmode.

It is to be noted that, the Ministry of Ports, Shipping and Waterways as part of its commitment to the development of the Port Sector in the country has identified 74 projects worth Rs 57,000 crore under the Sagarmala programme in Gujarat.

Out of these, 15 projects worth Rs 9,000 crore have been completed;33projectsworthmorethanRs25,000croreare under implementation and 26 projects worth Rs 22,700 crore are under development. Central line ministries, majorports,statemaritimeboardandotherstateagencies arejointlyimplementingtheseprojects.

Saudi Ports record 7.76% hike in container traffic in February 2023

RIYADH : The Saudi Ports Authority (Mawani) has announced a 7.76% rise in container traffic at its trade hubs during February 2023, handling 622,837 TEUs compared to 577,993TEUsinthepreviousyear.

Detailedbreakdownofthemonthlycontainerdatareveal a 12.75% increase in exported containers from 172,208 TEUs in February 2022 to 194,157 TEUs this year, with imported containers up 5.95% year-on-year to 193,937 TEUs from 183,051 TEUs. Similarly, transshipments grew at a yearly paceof5.39%from222,734TEUsto234,743TEUs.

On the other hand, cargo volumes slumped 3.13% to 23,089,455tonsfrom23,835,826tonsinthepriorperiod.

Under this category, dry bulk cargo soared 2.9% to 3,879,366 tons in contrast to last year’s 3,770,196 tons while generalcargojumped77.2%to639,843tonsfrom361,086tons in the year before. Liquid bulk, however, returned negative figures with volumes sliding 13.16% from 13,556,831 tons in

February2022to11,772,089tonslastmonth.

Furthermore, the ports’ food throughput totaled 1,646,900 tonsaftera2.18%tumblefromlastyear’stallyof1,683,595tons. On the contrary, livestock volumes gained 218.37% with 337,231 cattle heads being imported against 105,923 in the preceding year. Likewise, around 81,600 automobiles entered the Kingdom through Mawani’s ports at a 33.99% surge relativetolastyear’saggregateof60,898units.

February saw as many as 883 vessels berth across Saudi ports, which represents a 4.87% uptick from 842 vessels during the same period last year. Passenger numbers, too, followed a similar trend with a 61.16% spike in arrivals at 100,903paxincomparisonto62,611paxin2022.

The national maritime regulator aims to continually upgrade the throughput capacity of Saudi ports through biticketinvestmentsandhigh-impactpartnershipsinitsbidto transformtheKingdomintoagloballogisticshubofchoice.

FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSICT

CGM Ag.

Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre, Dron-3 & Mul Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. SCI/Hapag CMT/ISS Shpg. Southampton, Rotterdam,Antwerp,Dunkirk, Felixstowe, Le Havre —/ULA CFS COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.

Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos

Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens,

Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

TSS L'Global Ag. U.K., North Continent & Scandinavian Ports. Dronagiri-2

AMI Intl. AMI Global U.K., North Cont.,

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

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

TO

FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from BMCT

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

TO

TO

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

TO LOAD FOR WEST

Logistic Ser. Jebel Ali, Bandar Abbas.

QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas.

Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr

Alligator Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

ICC Line Neptune UAE & Upper Gulf Ports.

Ceekay Parekh Gulf Ports.

Team Leader Team Leader Dubai, Jebel Ali

Team Lines Team Global Log. Gulf Ports.

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

GDL & DRT

TO

EAST, CHINA &

PORTS from NSFT

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

CMA CGM Ag. Port Kelang, Singapore

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

LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

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

WEST & SOUTH AFRICAN PORTS from BMCT

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

2022 was an exceptional year for ZIM : Eli Glickman, ZIM President & CEO

HAIFA - ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a Global Container Liner Shipping company, announced its consolidated results for the three and twelve months ended December31,2022.

Fourth Quarter and Full Year 2022

Highlights

• Net income for the fourth quarter was $417 million (compared to $1.71 billion in the fourth quarter of 2021), or $3.44 per diluted share3 (compared to $14.17 in the fourth quarter of 2021); net income for the full year was $4.63 billion (compared to $4.65 billion for the full year of 2021)

• Adjusted EBITDA for the fourth quarter was $973 million, a year-over-year decrease of 59%; Adjusted EBITDA for the full year was $7.54 billion, a year-overyear increase of 14%

• Operating income (EBIT) for the fourth quarter was $585 million, a year-overyear decrease of 72%; operating income (EBIT) for the full year was $6.14 billion, a year-over-year increase of 5%. Reconciliation items between operating income andAdjusted EBIT in the fourth quarter and full year were minor

• Revenues for the fourth quarter were $2.19 billion, a year-over-year decrease of 37%;revenuesforthefullyearwere$12.56billion,ayear-over-yearincreaseof17%

• Carried volume in the fourth quarter was 823 thousand TEUs, a year-overyear decrease of 4%; carried volume in the full year was 3,380 thousand TEUs, a year-over-year decrease of 3%

• Average freight rate per TEU in the fourth quarter was $2,122, a year-overyear decrease of 42%; average freight rate per TEU in the full year was $3,240, a year-over-year increase of 16%

• Net leverage ratio1 of 0.0x at December 31, 2022, similar to December 31, 2021; reached positive net cash position of $279 million as of December 31, 2022

• Declared dividend of approximately $769 million, or $6.40 per share, representing, together with previous distributions made on account of 2022, approximately 44% of the full year 2022 net income

Eli Glickman, ZIM President & CEO, stated, "2022 was an exceptional year for ZIM, as we capitalized on both our differentiated strategy and the attractive market, driving record full year Adjusted EBITDA and EBIT results. Returning cash to shareholders remains a priority for our company, and we are pleased to have drawn on our strong performance to declare a fourth quarter dividend of approximately $769 million, or $6.40 per share. In total, we will be providing shareholders dividends of $2.04 billion, representing approximately 44% of total 2022 net income."

Mr. Glickman added, "Over the past two years we have taken important steps amidst a highly lucrative market to best position ZIM to execute in a more normalized trading environment. Specifically, we enhanced our vessel sourcing strategy to secure attractive newbuild capacity and improve our cost structure. We have also diversified our commercial presence to ensure ZIM is optimizing its performance to create long-term sustainable shareholder value. Our chartered LNG-powered newbuild capacity is expected to significantly improve our cost structure throughout 2023 and beyond, strengthen our commercial prospects and advance our ESG objectives for ZIM and our customers. Consistent with our global niche strategy, we continuously review and adapt our network to swiftly respond to customers' changing needs, capitalize on shifting market dynamics and new growth opportunities and maximize profitability."

Mr. Glickman concluded, "While macroeconomic uncertainties, the precipitous decline in freight rates over the past few months and the supplydemand imbalance continue to drive a challenging near-term outlook for container shipping, we are confident in ZIM's strategy and believe we will generate positive EBIT in 2023. For the full year, we expect to generate Adjusted EBITDA between $1.8 billion to $2.2 billion and Adjusted EBIT between $100 million to $500 million. In 2023 and beyond, our focus on leveraging digital strategies, operating a highquality sustainable fleet, and further implementing our global niche strategy positions us well to best serve our customers and generate long-term sustainable value for our shareholders."

• FinancialandOperatingResultsfortheFourthQuarterEndedDecember31,2022

Total revenues were $2.19 billion for the fourth quarter of 2022, compared to $3.47 billion for the fourth quarter of 2021, primarily driven by a decrease in freight rates.

• ZIM carried 823 thousand TEUs in the fourth quarter of 2022, compared to 858 thousand TEUs in the fourth quarter of 2021. The average freight rate per TEU was $2,122forthefourthquarterof2022,comparedto$3,630forthefourthquarterof2021.

• Operatingincome(EBIT)forthefourthquarterof2022was$585million,comparedto $2.12 billion for the fourth quarter of 2021, resulting from a decrease in freight rates, as wellasincreasedcosts,primarilybunkerandvesselscharteringcosts.

• Net income for the fourth quarter of 2022 was $417 million, compared to $1.71 billion for the fourth quarter of 2021.

• Adjusted EBITDA was $973 million for the fourth quarter of 2022, compared to $2.36 billion for the fourth quarter of 2021. Adjusted EBIT was $585 million for the fourth quarter of 2022, compared to $2.11 billion for the fourth quarter of 2021. Adjusted EBITDA and Adjusted EBIT margins for the fourth quarter of 2022 were 44% and 27%, respectively. This compares to 68% and 61% for the fourth quarter of 2021, respectively.

• Net cash generated from operating activities was $1.07 billion for the fourth quarter of 2022, compared to $2.00 billion for the fourth quarter of 2021.

• FinancialandOperatingResultsfortheFullYearEndedDecember31,2022 Total revenues were $12.56 billion for the full year of 2022, compared to $10.73 billion for the full year of 2021, primarily driven by elevated freight rates.

• ZIM carried 3,380 thousand TEUs in the full year of 2022, compared to 3,481 thousand TEUs in the full year of 2021. The average freight rate per TEU was $3,240 for the full year of 2022, compared to $2,786 for the full year of 2021.

• Operating income (EBIT) for the full year of 2022 was $6.14 billion, compared to $5.82 billion for the full year of 2021. Full-year operating income benefited from elevated freight rates, the impact of which was partially offset by increased bunker and vessel chartering costs.

• Net income for the full year of 2022 was $4.63 billion, compared to $4.65 billion for the full year of 2021. Net income for the full year of 2022 included a tax expense of $1.40 billion, compared to $1.01 billion for the full year of 2021.

• Adjusted EBITDA was $7.54 billion for the full year of 2022, compared to $6.60 billion for the full year of 2021.Adjusted EBIT was $6.15 billion for the full year of 2022, compared to $5.82 billion for the full year of 2021. Adjusted EBITDA and Adjusted EBIT margins for the full year of 2022 were 60% and 49%, respectively. This compares to 61% and 54% for the full year of 2021, respectively.

• Net cash generated from operating activities was $6.11 billion for the full year of 2022, compared to $5.97 billion for the full year of 2021. Full-Year 2023 Guidance

In 2023, the Company expects to generate Adjusted EBITDA of between $1.8 billion and $2.2 billion andAdjusted EBIT of between $100 to $500 million.

PM Gati Shakti NMP facilitates Multi-Model connectivity to various Ports & Shipping centres : Sarbananda Sonowal

Cont’d.fromPg.3

For enhanced capital expenditure by States for infrastructure development, the Ministry of Finance, Department of Expenditure through part-II (for PM-Gati Shakti related expenditure) of the "Scheme for Special Assistance to States for Capital Investment for 2022-23" has made an additional provision of Rs. 5000 crores for disbursement among the States as long term loans at a zerointerestrate.

Ministry of Ports, Shipping and Waterways has undertaken various initiatives for ease of doing business. Incentives such as Model Concession Agreement, flexibility to concessioners, New tariff guidelines etc have been issued which allows improvement in port performance at Major Ports.

However, Under PM Gati Shakti there is no envisaged structure related to additional incentives to any high performing port. This information was given by ShriSarbanandaSonowalinParliamenton14thMarch2023.

CBIC

clarifies on Implementation of Origin Procedures under India – Australia ETCA

NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) has issued clarification regarding Implementation of Origin Procedures under India –AustraliaETCAviaissuinginstructions.

Attention is drawn to Instruction No. 19/2022-Customs dated 17th August 2022 that had sensitized field formations towards applying the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR) maintaining consistency with rules of origin (ROO) and operational certification procedures (OCP) of the relevant Free trade Agreement (FTA) for the purpose of implementation; and that in the event of a conflict between a provision of CAROTAR and a provision of the ROO/OCP under the FTA,thelattershallprevailtotheextentoftheconflict,as providedforinRule8(3)ofCAROTAR.

This prudent mode of implementation, as notified in the case of each FTA separately, and the avoidance of superfluous references for COO verification by field formations to the FTA Cell, are both important for maintaining the convenience of doing business. As a result,supervisoryofficialsmustensuretheseaspects.

The Board has also been reminded on a regular basis of a few issues involving the implementation of ROO and OCP under the India-Australia ECTA. These are clarified asfollows:-

i) The India-Australia ECTA recognizes electronic Certificates of Origin. Hence, an e-COO, issued electronically by the Issuing bodies of Australia, is a valid document for the purpose of claiming preferential benefit underIndia-AustraliaECTA,providedthatthee-COOhas been issued in the prescribed format, bears seal and signaturesoftheauthorizedIssuingbodyorauthorityand fulfills all other requirements stated in Notification No. 112/2022-Customs (N.T.) dated 22nd December 2022. In thisregard,

a) the specimen seals and signatures, circulated in advance, shall continue to be used to verify the genuineness / authenticity of e-COO. Where verification is required to be initiated with the issuing authority of exporting country in case of doubt, the matter shall be referred to the FTA Cell (in Directorate of International Customs) for initiating verification processthroughagreedcommunicationchannelsonly.

b) the e-COO shall be mandatorily uploaded on

e-Sanchit by the importer/Customs Broker for availing preferential benefit, and the e-COO particulars such as unique reference number and date, originating criteria etc. shall be carefully entered while filing the bill of entry.

c) for defacement purposes, a printed copy of e-COO shall be presented to the Customs officer, who shall cross-check the unique reference number and other particulars entered in the bill of entry with the printed copy of e-COO. This will be in lieu of defacing the original hard copy of a certificate of origin. In this regard,itmayberecalledthatacheckhasalreadybeen introduced in the System to disallow use of same COO referencenumberinmorethanonebillofentry.

ii) Notification No. 112/2022-Customs (N.T.) dated 22nd December 2022 lists the requirements of a valid COO/e-COO under India-Australia ECTA and affixing of QR Code on the COO/e-COO is not a requirement underthesame.

iii) There are no overleaf notes to the COO format in the India-Australia ECTA. However, while notifying the Rules of Origin, after due consultation with Australia side, these were added to Notification No. 112/2022Customs (N.T.) dated 22nd December 2022 from Indian side as a guidance for respective issuing authorities/bodies as well as traders. The purpose of the Overleaf Notes is to provide guidance on how to fill certain entries in the COO format, and the Overleaf Notes per se are not a part of the COO format. Therefore, absence of Overleaf Notes on the COOs received from Australia may not be a ground for initiatingverificationordenialofpreferentialbenefit.

iv) Given the geographical distance between India and Australia, weather disturbances, logistical convenience, etc. the exporters may not always know the port of destination and therefore, to avoid re-issuance of COO, Australian issuers fill the Port of Destination field with ‘any ports in India’. The similar practice is followed by India’s issuing authorities as well, where required. Therefore, so long as the details on the COO and the transport documents match, putting ‘any ports in India’ in the Port of Destination field of the COO by Issuing bodies of Australia may not be a ground for initiating verification or denial of preferentialbenefit.

Infrastructure upgrade sparks cargo logjam at Nhava Sheva

NAVI MUMBAI : Container terminals in Nhava Sheva Port (JNPT), India’s busiest public gateway, have been hit by congestionandare‘operatingfarbeyondourcapacitylevels’.

The problems are due to drastic capacity reduction at APM Terminals Mumbai, which accounts for the majority of export/importshipmentsmovingthroughthegateway.

Sources noted that the number of weekly services handled by APMT Mumbai, also known as Gateway Terminals India (GTI), had reduced from the normal 13 calls to six, due to the closure of a berth for crane upgrades. “Spill-over berthing demand has complicated flows through other terminals,” a shipping line agent told. “Because of constant gate cut-off changes by carriers, export movements have taken a hit, leading to potential missed connections and cargo rollovers for shippers,”thesourceadded.

According to freight forwarder sources, the two DP World facilities are already full. “We are operating far beyond our capacity levels,” a DP World Nhava Sheva official said. Some carriers have, in recent days, opted to discharge Nhava Sheva containers at alternative ports, mostly at Mundra, causing predictable cost and other consequences for importers. The equipment installation and commissioning programme at GTI – entailing six ship-to-shore cranes and three railmounted gantry cranes – began at the end of last month and is targeted

forcompletioninearlySeptember.

Forwarder sources have voiced other potential supply chainproblemsasthecongestionimpactbuilds.

“Export gate-in times may be reduced and truck waiting timesmayincreaseduetoroadsnarls,”theysaid.

“Additionally, a shortage of containers is imminent as the inflowofemptiesbecomeslimited.”

APMT said it was using “all the resources at its command” tomitigatethedisruption.Aspokespersonsaid:“Ourteamsare working in close coordination to accommodate maximum calls at one berth by reducing vessel idle time, increasing operational efficiency and being flexible to ensure minimal impactforeachoftheservicesasmuchaspossible.

“Most of our customers have been informed about our planned infrastructure development and we continue to communicatewiththemperiodically,”itadded.

APMT also noted that the $115m “fit-for-future” project, announced in February last year, would “significantly enhance berth productivity”, thus driving vessel turnaround and operatingcostadvantagesforcarriercustomers.

When the new cranes go live, the company claims, its throughputcapacitywillincrease10%,to2.2mteuannually,and also allow it to service larger vessels, in the range of 14,000 teu,, versusamaximumof12,000teuatpresent.

DGFT explores exports opportunities form Chhattisgarh State

RAIPUR - An Export outreach program was organized at Nava Raipur on Monday, 13th March by the Directorate General of Foreign Trade, Government of India to explore the possibilities ofexportpotentialsinChhattisgarh.

The exporters and investors participating in the programme discussed the action plan to enhance exports from the landlocked state. According to officials, vital information was also given about exportable products from Chhattisgarh and government facilities giventotheexporters,whosharedtheloopholesandsuggestedfor itsredressaltosurgeshippingvolumefromthestate.

Representatives of Shefexil, TREAC, ECGC, Industries Department, Minor Forest Produce Federation, APEDA, SIDBI as well as Bank of Baroda participated in the programme, conducted by the Directorate of Foreign Trade, Government of India. Chhattisgarh’s Raipur and Durg districts are among the 75 districtsinthecountryshortlistedforpromotingexports.

Raipur Collector Dr Sarveshwar Bhure said that Chhattisgarh had been the main exporter of many products

including rice. The state government has provided numerous facilities to the exporters to encourage exports from the state, he said. The government has made special provisions for exporters in the industrial policy ranging from exemption of five percent in ‘mandi’ fee along with formation of promotion committee, Bhure added. Asserting that Chhattisgarh was rapidly moving towards developing as an export hub due to the industry friendly policies of the State Government, the Raipur District Collector said due to the policies and facilities of thegovernment,therehasbeenanaverageincreaseofmorethan 22 percent in the exports from the state in the last five years. He also informed that special efforts are being made to promote the export of rice, construction machinery and materials and processedspicesfromChhattisgarh.

Bhure stressed on the possibilities of the export of wire, rods, bars, coils, TMT bars, crude steel as well as forest produce like tamarind, mahua, lac and small grain millets like Kodo Kutki Ragi etc.

GSBN collaborates with COSCO SHIPPING, OOCL & SICIT to enhance safe transportation of chemical cargo

SINGAPORE : Global Shipping Business Network (GSBN) has announced a collaboration with Cosco Shipping Lines, Orient Overseas Container Line (OOCL), and Shanghai Research Institute of Chemical Industry Testing (SICIT), to improve the safe transportation of chemical cargo by harnessing blockchain technology.

By harnessing GSBN’s blockchain-enabled platform, a new streamlined process has been designed to ensure that safe transportation certificates and the information they contain can be verified from the original source, and the information is accurateandreliable.

GSBN’s secure, blockchain-enabled infrastructure ensures that the certificate data is immutable and structured, which can be verified as the single source of truth. This helps reduce human mistakes,enhancesecurityofthecargoandacceleratetheprocess overall. In the future, it can also facilitate the advancement in automated verification, as well as the circulation of reliable certificatedatastoredontheblockchainamongmultipleparties.

BertrandChen,CEOofGSBN said, “The shipping industry is undergoing a once-in-a-lifetime digital transformation leap. As part of this, it is becoming increasingly important to be able to share information whilst retaining full control of who it is shared with as well as ownership of that data. The use of blockchain

infrastructure in this proof-of-concept with SICIT allows for systematic and trusted verification to happen directly with SICIT, which, combined with the future application of data from IoT devices, will make a significant difference in risk reduction and efficiencyenhancementoverall.”

Gaojun Wang, Director of Information Technology DepartmentatSICIT said, “Redefining the Safe Transportation certification process by harnessing GSBN’s blockchain infrastructure is a significant breakthrough in verification. Aside from enhancing transportation safety, the streamlined digital process also increases the overall efficiency, minimises human error caused during manual data entry, as well as provides greatertransparencytoallpartiesacrossthesupplychain.”

“This proof-of-concept is changing how we manage the shipment of goods that require special handling. Increasingly we are looking for streamlined, paper-free and digitised process that can help us improve efficiency and visibility, while reducing risks and associated costs. The new process enabled by GSBN and SICIT provides us with the assurance that other goods loaded upon the same vessels have also been tested, properly certified and handled correctly, to minimise potential risks to our own cargo. We believe this is a milestone for the industry and will quickly gain wider adoption,” said Yoyo Ju, Lead of Order Fulfillment Center – Doc ManagementatMidea.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 15/03/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

SHIPS READY FOR BERTH

SHIPS NOT READY FOR BERTH

I.G.M. Nos. filed at Kandla Customs

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

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

SHIPPING MOVEMENTS AT GUJARAT PORTS DP

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

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

JAMNAGAR

(BEDI)

PORT

(As on 15-03-2023)

MULDWARKA PORT

NB The data in this Daily pertaining to Ports Information is received by us, sometimes even at the eleventh hour by telephonic messages from the concerned Steamer Agents. Therefore, there is every likelihood of last minute change in the data published the Management of Daily Shipping Times exercise every necessary care & attention in collecting every data & getting it published accurately Inspite of this, if any ommission, inaccuracy or printing error occur in the data published in this daily, the Management of Daily Shipping Times is not responsible or liable.

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSFT

NSICT

Stream Arzin (V-1289W) HDASCO Armita India Gulf 2337770

18/03 Apollon D (V-2308E)

NSIGT

GTI

BMCT

I.G.M. FILED AT JAWAHAR CUSTOMS FOR NSFT/NSICT/NSIGT/BMCT/GTI VESSELS

Vessel Name (Voy) Sailing Dt. Next Port

SAILING FROM NSFT

EXPORT SAILING FROM NSICT

EXPORT SAILING FROM NSIGT

EXPORT SAILING FROM GTI

EXPORT SAILING FROM BMCT

Odyssey (V-23001E)

(V-135W)

Mumbai (V-23001E)

VESSELS ON BERTH AT MbPA / NSFT/ NSICT/ NSIGT / GTI

JNPJNP JNPCT/COASTAL/ CT/COASTAL/ CT/COASTAL/LIQUID BERTH LIQUID

J M Baxi

´ ´ CUSTOM EXCHANGE RATESALL RATES PER UNIT

E. F. 03-03-2023

EXCHANGE RATES

´´ ´ ´ We are not responsible for any mistake. ALL RATES ARE PROVISIONAL. The rates in this column are only meant for guidance.

VESSELS DUE/IN PORT FOR IMPORT DISCHARGE AT MUMBAI