mum-15-12-2022

CBIC celebrates completion of 60 years of Customs Act

NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC), Government of India, celebrated the completion of 60 years of Customs Act,’62heretomarktheenactmentoftheAct.

Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presided over as the ChiefGuestoftheeventandUnionMinisterofStateforFinance, ShriPankajChaudharywastheGuestofHonour. Cont’d. Pg. 27

12 Major Ports’ increase capacity by 83

% in last 7 years

NEW DELHI : The capacity of Major Ports in the Country has increased by 83 per cent in the last seven years, informed the Union Minister of Ports and Shipping, SarbanandaSonowal,intheRajyaSabha.

The capacity of Major Ports has increased from 871.52 million tonnes per annum (MTPA) in FY 2014-15 to 1,597.59MTPAinFY2021-22. Cont’d. Pg. 15

Bahri signs MoU with Ajlan & Bros Holding

RIYADH: Bahri, a global leader in logistics and transportation, has signed a Memorandum of Understanding (MoU) with Ajlan & Bros Holding Group (ABHG), conglomerate operating in the region. The MoU will pave the way for the formation of a new joint venture company which will specialize in owning, operating, and managing various models of vessels, serving asanessentialcontributortothenation’sfleet.

Under the terms of the agreement, Bahri will act as the JV company’s commercial and technical manager. This encompasses the management of the JV company’s fleet of vessels, along with any and all day-to-day commercial and operational management duties, performed in accordance withthehighestindustrystandards.

Commenting on the agreement, Eng. Ahmed Ali AlSubaey, CEO of Bahri, said: “We are delighted to enter into this partnership with ABHG, one of the region’s leading private sector players. Bahri will oversee the JV company’s entire fleet of vessels, offering its industry-leading expertise across a wide range of logistics services. This new venture comes as part of our ongoing efforts to strengthen ties with various leading national companies and achieve the maritimesector’sVision2030objectives.”

Commenting on the agreement, Mohammed Bin Abdulaziz Alajlan, Deputy Chairman of Ajlan & Bros Holding Group, said: “We very much look forward to

commencingournewJVwithBahri,agloballeaderinmaritime logistics and transportation. This will see us working to expandthescopeofourinvestmentsinsuchavitalsectorfor the Kingdom. ABHG’s business development efforts, in tandem with leading Saudi companies such as Bahri, areallinlinewithouroverarchingVision2030objectives.”

The agreement will create a wide range of new employment opportunities and significantly contribute to the Kingdom’s economic expansion and fiscal growth. The formation of the JV, while attracting private sector capital to a systemically important sector of Saudi Arabia’s economy, will also help create greater domestic awareness ofthesectoritselfandthecriticalroleitplays.

Outlook for shipping rates unclear : Yang Ming

TAIWAN: Demand could pick up before the Lunar New Year holiday, but the outlook for shipping rates remains murky, Yang Ming Marine Transport Corp told an online investors’conferenceyesterday.

Average shipping rates slid to US$2,607 per twenty-foot equivalent unit in September from a peak of US$3,417 in February, and rates might continue to remain low this quartergivenanumberofadverseeffects,YangMingsaid.

“Shipping rates continue to consolidate at low levels this quarter amid the relatively weak demand for cargo transportation as the market is still affected by the impacts of strong inflation, high inventory levels, excess shipping capacity and economic recession,” chief financial officer Peter Su said. “It remains to be seen whether the imbalance betweensupplyanddemandwillimprovenextyear.”

However,therearesignsthatratescouldreboundahead oftheLunarNewYearholidaynextmonth,asYangMinghas received more orders and its load factor improved this month from the previous two months, chief commercial officerFrankChangsaid.

“The outlook for shipping rates would be clearer after the Lunar New Year holiday in January, depending on factorycapacityinChinaandSoutheastAsia,”Changsaid.

Nonetheless, Yang Ming said it is conservative about the firsthalfofnextyearduetoeconomicuncertainties.

In comparison, the company is relatively upbeat about the second half of the year, due to several positive factors, including inventory corrections and central bank rate hikes coming to an end, and declining energy prices in Europe, it said.

Demand in the US and Europe is expected to rebound at the fastest rate next year, while it could remain flat in Asia duetothisyear’shighcomparisonbase,itadded.

Europe accounts for 43 percent of Yang Ming’s revenue, followed by the US at 34 percent and Asia at 23 percent, companydatashowed.

Yang Ming’s net profit in the first three quarters of this year totaled NT$165.86 billion (US$5.4 billion), up 50.95 percent from a year earlier, with earnings per share of NT$47.5, while revenue in the first 11 months grew 20.11percentannuallytoNT$359.57billion,thedatashowed.

Southampton, Helsingborg, Gothenburg & Red Sea, 30/1231/12

Mediterranean, Gioia Tauro (D).

ANL CMA CGM Ag. Southampton, 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., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

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

Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware

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

IS251A SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 30/1231/12 29/12 1200 MSC Topaz IS252A

U. K. North Continent & Other Mediterranean Ports.

NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service Allcargo Allcargo Log. U.K., North Cont., Scandinavian & Med. Ports. Dron. 2 & Mul.

Himalaya Express

ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. U.K., North Continent & Scandinavian Ports. JWR Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa.

Team Global TeamGlobalLog. U.K., North Continent & Scandinavian Ports. Pun.Conware 16/1217/12 TBATBA Prague Express 2349W N1609 259472-23/11 CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul 24/1225/12 TBATBA Nagoya Express 2350W N1705 260477-08/12 Hapag ISS Shpg. U.K., North Cont., Scandinavian, Red Sea, & Med.Ports. ULA CFS 30/1231/12 TBATBA One Henry Hudson 085W COSCO COSCO (I) U.K., North Cont., Scandinavian, Red Sea & Med.Ports. 06/0107/01 TBATBA Tsingtao Express 2352W

ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. (IOS)

Gold Star Star Ship Hamburg, Antwerp, Tilbury. (IOS) Oceangate CFS 19/12 20/12 19/12 1200 MSC Teresa IV250A N1707 260470-08/12 MSC MSC Agency Gioia Tauro, Valencia, Sines. (INDUSA) Hind Terminal 26/12 27/12 TBA 0900 MSC Ivanna IV251A 02/01 03/01 TBA 0900 MSC Francesca IV252A

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

In Port 15/12 Yantian Express 2245W N1636 259777-28/11 Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS 20/1221/12 TBATBA CMA CGM Titus 0MXDNW N1681 260105-02/12 CMA CGM CMA CGM Ag. Valencia, Cagliari 2. (IMEX Service) Dron-3 & Mul 27/1228/12 TBATBA Xin Yan Tian 075E COSCO COSCO Shpg. P Said, La Spezia, Livorno, Genoa, Fos, Barcelona, Valencia, Algeciras 03/0104/01 TBATBA Ningbo Express 2248W SarjakSarjak Genoa, Valencia & all other Inland Destinations in Italy Speedy

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

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

17/12 2000 Maersk Sentosa 249W N1687 260189-04/12 Maersk Line Maersk India Charleston, Norfolk, New York (Direct) Maersk CFS 25/1226/12 24/12 2000 Maersk Chicago 250W N1738 260195-04/12 Safmarine Maersk India Charleston, Norfolk, New York, Savannah & Other Maersk CFS 01/0102/01 31/12 2000 Maersk Atlanta 251W N1748 260201-04/12

US East Coast Ports. Middle East Container Lines(MECL) 08/0109/01 07/01 2000 Maersk Pittsburgh 252W Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 02/0103/01 TBATBA Wide Alpha 233E TS Lines TS Lines (I) Vancouver Dronagiri-2 09/0110/01 TBATBA Ever Ulysses 148E (CISC Service)

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

18/1219/12 TBATBA CMA CGM Ivanhoe 0IND5W1

CMA CGM CMA CGM Ag. New York, Norfolk, Charleston, Savannah Dron.-3 & Mul. 25/1226/12 TBATBA CMA CGM Butterfly 0IND7W1 OOCL OOCL(I) & Other US East Coast Ports. Dronagiri-2 01/0102/01 TBATBA Express Rome 2151 Hapag ISS Shpg. ULA CFS 08/0109/01 TBATBA Navios Constellation 2152

ONE Line ONE (India) 15/0116/01 TBATBA Athenian 2153 COSCO COSCO Shpg. 22/0123/01 TBATBA Cma Cgm Orfeo 0INDFW1

Indial Indial Shpg. US East Coast & South America India America

ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3

Team Lines Team Global Log. Norfolk, Charleston. JWR Logistics Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast 19/12 20/12 19/12 1200 MSC Teresa IV250A N1707 260470-08/12 MSC MSC Agency New York, Savannah, Norfolk (INDUSA) Hind Terminal 26/12 27/12 TBA 0900 MSC Ivanna IV251A 02/01 03/01 TBA 0900 MSC Francesca IV252A

Express (INDAMEX)

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

In Port 15/12 Yantian Express 2245W N1636 259777-28/11 CMA CGM CMA CGM Ag. New York, Norfolk, Savannah, Miami, Santos, Dron.-3 & Mul. 20/1221/12 TBATBA CMA CGM Titus 0MXDNW N1681 260105-02/12 ANL CMA CGM Ag. Itajai & other North American Ports. Dron.-3 & Mul. 27/1228/12 TBATBA Xin Yan Tian 075E COSCO COSCO Shpg. 03/0104/01 TBATBA Ningbo Express 2248W Hapag ISS Shpg. ULA CFS (IMEX) Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 India Sub Cont. Med. Express (IMEX) 15/1216/12 14/12 2000 OOCL Hamburg 139E N1669 260054-01/12 OOCL OOCL(I) USA East Coast & Other Inland Destinations. GDL 19/1220/12 19/12 0600 OOCLLuxembourg 099E N1696 260425-07/12 RCL RCL Ag USA East Coast & Other Inland Destinations. 26/1227/12 TBATBA Seamax Stratford 119E COSCO COSCO Shpg. US West Coast. (CIX-3) Yang Ming Yang Ming(I) US West Coast. China India Express III - (CIX-3) Contl.War.Corpn. ICC Line Neptune US East, West Coast, Canada, South & Central American Ports. GDL-3 & Dron-3 18/1219/12 18/12

LOAD FOR WEST ASIA GULF PORTS From NSICT

TO LOAD FOR WEST ASIA GULF PORTS From NSIGT

TO LOAD FOR WEST ASIA GULF PORTS From GTI

In Port 15/12 X-Press Euphrates 22049E N1666 260032-01/12 Global Feeder Sima Marine Jebel Ali, Bandar Abbas. Dronagiri 21/1222/12 20/12 2200 Montpellier 026E N1721 260545-08/12 Unifeeder Group Transworld Shpg. Jebel Ali, Bandar Abbas. 28/1229/12 TBATBA X-Press Euphrates 22051E N1757 260775-12/12 Emirates Emirates Shpg. Jebel Ali, Sohar. (NMG) LMR Logistic Ser. Jebel Ali, Bandar Abbas. X-Press Feeders Sea Consortium Jebel Ali, Bandar Abbas. Dronagiri Hapag ISS Shpg. ULA CFS QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas. Speedy CFS Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr Alligator Shpg. Aiyer Shpg. Jebel Ali. BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports. Dronagiri-3 Bay Line Freight Conn. Port Sudan & Al Sokhna CWC, GDL & DRT ICC Line Neptune UAE & Upper Gulf Ports. GDL-5 Ceekay Parekh Gulf Ports. GDL-2 Team Leader Team Leader Dubai, Jebel Ali JWR CFS Team Lines Team Global Log. Gulf Ports. JWR Logistics

Dronagiri

Unifeeder

Transworld Shpg. Basra. Emirates Emirates Shpg. Jebel Ali. Alligator Shpg. Aiyer Shpg. Jebel Ali.

18/1219/12 TBATBA Tema Express 2249W N1628 259700-25/11 ONE Line ONE (India) Colombo. 30/1231/12 TBATBA Seaspan Lahore 2251W Hapag ISS Shpg. (AIM) ULA CFS 20/1221/12 20/12 1300 Maersk Pangani 250W N1737 260191-04/12 CMA CGM CMA CGM Ag. Colombo (MESAWA) Dronagiri 29/1230/12 TBATBA Wadi Bani Khalid 2232W N1741 260698-11/12 Asyad Line Seabridge Karachi. (IEX) 02/0103/01 TBATBA Wide Alpha 233E Evergreen Evergreen Shpg. Colombo. Balmer Law. CFS Dron. 09/0110/01 TBATBA Ever Ulysses 148E Unifeeder Feedertech/TSA Colombo. Dronagiri 16/0117/01 TBATBA Celsius Naples 893E ONE Line ONE (India) Colombo. (CISC Service) 23/0124/01 TBATBA Shimin 22008E CSC Seahorse Colombo.

TO LOAD FOR INDIAN SUB CONTINENT from NSIGT

15/1216/12 MSC Shanghai IU249A N1657 259985-01/12 MSC MSC Agency Karachi. (INDUS)

Hind Terminals 19/12 20/12 19/12 1200 MSC Teresa IV250A N1707 260470-08/12 MSC MSC Agency Colombo. (INDUSA) Hind Terminal

TO LOAD FOR INDIAN SUB CONTINENT from GTI

15/1216/12 14/12 2000 OOCL Hamburg 139E N1669 260054-01/12 OOCL OOCL (I) Colombo. GDL 19/1220/12 19/12 0600 OOCLLuxembourg 099E N1696 260425-07/12 Star Line Asia Seahorse Yangoon. (CIX-3) Dronagiri-3 15/1216/12 15/12 1700 ESL Da Chan Bay 2247E N1671 260043-01/12 Evergreen Evergreen Shpg. Colombo Balmer Law. CFS Dron. 23/1225/12 22/12 1600 KMTC Dubai 2207E N1680 260084-02/12 KMTC/Gold Star KMTC(I)/Star Ship Dronagiri-3/— 02/0103/01 TBATBA Zim Norfolk 7E N1703 X-Press Feeders Sea Consortium (CIX3 Service) 05/0106/01 TBATBA Ever Uberty 180E EmiratesEmirates Dronagiri-2 18/1219/12 TBATBA X-Press Bardsey 22020E N1718 260231-05/12 ONE Line ONE (India) Colombo. 25/1226/12 TBATBA Bangkok Bridge 0139E X-Press Feeders Sea Consortium Colombo. (TIP) Dronagiri 01/0102/01 TBATBA Clemens Schulte 018E CSC Seahorse Colombo. 18/1219/12 17/12 2100 X-Press Kilimanjaro 22007E N1719 260214-05/12 ONE/KMTC ONE(I)/KMTC(I) Karachi, Colombo —/Dron-3 31/1201/01 TBATBA Kota Megah 0141E X-Press Feeders Sea Consortium (CWX) 03/0104/01 TBATBA Pontresina 238E TS Lines/PIL TS Lines(I)/PIL Mumbai Dronagiri-2/— 24/1225/12 TBATBA Conti Contessa 112E N1682 ONE Line ONE (India) Colombo. 05/0106/01 TBATBA One Competence 089E Yang Ming Yang Ming(I) Contl.War.Corpn. 12/0113/01 TBATBA MOL Courage 051E Hapag/CSC ISS Shpg/Seahorse (PS3 Service) ULA CFS/

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

18/1219/12 17/12 1700 MSC Tracy V IW250A N1712 260471-08/12 MSC MSC Agency Colombo (IAS SERVICE) Hind Terminal 19/1220/12 TBATBA Kota Lagu 8W N1640 259804-28/11 ZIM ZIM Integrated Colombo. (ZMI) Oceangate CFS 20/1221/12 TBATBA Xin Shanghai 140E N1700 260338-06/12 COSCO COSCO Shpg. Karachi, Colombo. (CI 1) 20/1221/12 TBATBA BLPL Faith 3220E N1728 260436-07/12 BLPL Transworld GLS Chittagon, Yangoon 21/1222/12 TBATBA Kumasi E006 N1698 260404-07/12 Wan Hai Wan Hai Lines Colombo. (CI2)

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

Dron-1 & Mul CFS

In Port 16/12 Vira Bhum 2247E N1635 259763-28/11 RCL/Global Fdr. RCL Ag./Sima Marine Port Kelang, Ho Chi Minh City, Laem Chabang 22/1223/12 TBATBA CUL Jakarta 2248E N1713 260301-06/12 CU Lines/KMTC Seahorse/KMTC(I) (VGX) 01/0102/01 TBATBA Hunsa Bhum 2249E Emirates Emirates Shpg. 17/1218/12 TBATBA Hansa Rottenburg 919E N1634 259749-28/11 Unifeeder Feedertech/TSA Singapore, Port Kelang Dronagiri 24/1225/12 TBATBA Songa Leopard 898E N1688 260289-06/12 X-Press Feeders Sea Consortium (SIS) 20/12 21/12 TBATBA Gulf Barakah 2233E N1704 260298-06/12 Asyad Line Seabridge Singapore, Port Kelang. (IEX) 30/12 31/12 TBATBA Stephanie C 2217E N1742 260821-12/12 21/1222/12 TBATBA Shanghai Voyager 2210E N1660 259963-30/11 Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo (CSC) Dronagiri 06/0107/01 TBATBA GFS Pride 2215E N1691 260294-06/12 Heung A Line Sinokor India 11/0112/01 TBATBA GFS Priestige 2216E

Sinokor Sinokor India Seabird CFS (CSC) Sealead Giga Shpg. Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 02/0103/01 TBATBA Wide Alpha 233E

Evergreen Evergreen Shpg. P.Kelang, Tanjun, Pelepas, Singapore, Xingang, Balmer Law. CFS Dron. 09/0110/01 TBATBA Ever Ulysses 148E

Unifeeder Feedertech/TSA Qingdao, Shanghai, Ningbo. Dronagiri 16/0117/01 TBATBA Celsius Naples 893E

PIL/ONE PIL Mumbai/ONE(I) —/— 23/0124/01

TBATBA Shimin 22008E

Hapag ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS 30/0131/01

TBATBA Celsius Nairobi 892E

KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3 06/0207/02

TBATBA Ever Ursula 184E

TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2 CISC Service

CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

ANL CMA CGM Ag. Port Kelang, Singapore Dron.-3 & Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 15/1216/12 15/12 1700 ESL Da Chan Bay 2247E N1671 260043-01/12 Evergreen Evergreen Shpg. Port Kelang, Singapore, Haipong, Qingdao, Shanghai, Balmer Law. CFS Dron. 23/1225/12 22/12 1600 KMTC Dubai 2207E N1680 260084-02/12 KMTC/Gold Star KMTC(I)/Star Ship Ningbo, Dai Chen Bay Dronagiri-3/— 02/0103/01 TBATBA Zim Norfolk 7E N1703 X-Press Feeders Sea Consortium 05/0106/01 TBATBA Ever Uberty 180E Emirates Emirates Shpg (CIX3 Service) Dronagiri-2 13/0114/01 TBATBA Seaspan Emerald 13E Pendulum Exp. Aissa Maritime 20/0121/01 TBATBA X-Press Odyssey 22008E Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 16/1217/12 16/12 0900 Sofia 1 250E N1685 260187-04/12 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS 23/1224/12 TBATBA Northern Diamond 251E N1714 260193-04/12 CMA CGM CMA CGM Ag. Kwangyang, Pusan, Hakata, Shanghai. Dron.-3 & Mul. 30/1231/12 TBATBA ALS Apollo 252E N1749 260199-04/12 (FM-3) 18/1219/12 TBATBA X-Press Bardsey 22020E N1718 260231-05/12 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 25/1226/12 TBATBA Bangkok Bridge 0139E X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang. (TIP Service) 01/0102/01 TBATBA Clemens Schulte 018E Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. 18/1219/12 18/12 0400 Interasia Engage E002 N1659 259988-01/12 RCL/PIL RCL Ag./PIL Port Kelang, Haophong, Nansha, Shekou. 25/1226/12 TBATBA Kota Gabung 098E N1720 CU Lines Seahorse Ship (RWA) 04/0105/01 TBATBA Calais Trader 022E InterasiaInterasia Emirates Emirates Shpg. 18/1219/12 17/12 2100 X-Press Kilimanjaro 22007E N1719 260214-05/12 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou 31/1201/01 TBATBA Kota Megah 0141E X-Press Feeders Sea Consortium (CWX) 03/0104/01 TBATBA Pontresina 238E KMTC KMTC (India) Dronagiri-3 14/0115/01 TBATBA Dalian 2209E TS Lines TS Lines (I) Dronagiri-2 14/0115/01 TBATBA X-Press Anglesey 22008E

RCL/PIL RCL Ag./PIL Mumbai (CWX)

Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 24/1225/12 TBATBA Conti Contessa 112E N1682

ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 05/0106/01 TBATBA One Competence 089E

Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 12/0113/01 TBATBA MOL Courage 051E Hyundai HMM Shpg. Seabird CFS (PS3 Service) Samudera Samudera Shpg. (PS3 Service) Dronagiri Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai Ocean Gate 26/1228/12 TBATBA Wan Hai 502 E108 N1695 260395-07/12 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dron-1 & Mul.CFS 03/0105/01 TBATBA Wan Hai 507 E208 Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 10/0111/01 TBATBA Ital Unica E156 Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 17/0118/01 TBATBA Argolikos E147

TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

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

16/1217/12 TBATBA Xin Pu Dong 263E N1654 259912-30/11 KMTC KMTC (India) Port Kelang(W), Hongkong, Qingdao, Kwangyang, Dronagiri-3 28/1229/12 TBATBA KMTC Colombo 2207E N1665 260028-01/12

TS Lines TS Lines (I) Pusan, Ningbo, Shekou, Singapore. Dronagiri-2 02/0103/01 TBATBA KMTC Delhi 2207E

COSCO COSCO Shpg. (AIS SERVICE)

Emirates Emirates Shpg. Port Kelang, Hongkong, Qingdao, Kwangyang, Pusan,Ningbo, Shekou, Singapore. Dronagiri-2 CU Lines Seahorse Ship Port Kelang,Hongkong,Busan, Qingdao,Ningbo. 18/1219/12 TBATBA Gabriela A E007 N1663 259984-01/12 Sinokor Sinokor India Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Seabird CFS 21/1222/12 TBATBA Jakarta Voyager E2210 N1667 260031-01/12 Heung A Line Sinokor India Hongkong 28/1229/12 TBATBA Interasia Cattalyst E020 Wan Hai Wan Hai Lines (CI6) Dron-1 & Mul CFS 03/0104/01 TBATBA GH Curie E012 InterasiaInterasia Unifeeder Feedertech/TSA Dronagiri 19/1220/12 TBATBA Cypress 0FF7ME1 CMA CGM CMA CGM Ag. Singapore, Qingdao, Shanghai, Ningbo, Shekou Dron-3

India Pusan, Indonesia, Thailand, Vietnam & Other Indland Destination. Maersk CFS 09/0110/01 TBATBA Hyundai Bangkok 014E TS Lines TS Lines (I) Singapore, Pusan, Shanghai,Ningbo, Shekou & South East Asia Dronagiri-2 15/0116/01 TBATBA Hyundai Singapore 0133E Far East & China Ports. China India Express Service (CIX/ICX)

Gold Star Star Ship Singapore, Kwangyang, Pusan, Shanghai, Ningbo Ocean Gate Sinokor Sinokor India Port Kelang, Singapore, Hong Kong, Kwangyang, Seabird CFS Busan, Shanghai, Ningbo & Other Inland Destination. 21/1222/12

TBATBA Kumasi E006 N1698 260404-07/12 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 25/1226/12

TBATBA Delware Trader E19 N1716 260512-08/12 COSCO COSCO Shpg. Ningbo, Shekou. 29/1230/12 TBATBA Wan Hai 307 E421 InterasiaInterasia (CI2) 04/0106/01 TBATBA Wan Hai 305 E262

Hyundai HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS (CI2) CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.

& NEW ZEALAND PORTS from GTI

Dron.-3 & Mul. 19/1220/12

Brisbane, Sydney, Melbourne. Dronagiri-1 26/1227/12 TBATBA Seamax

OOCL OOCL (I) Sydney, Melbourne. GDL (CIX-3) TS Lines TS Lines (I) Australian Ports. (CIX-3) Dronagiri-2 Austral Asia MCS (I) Port Lae, Port Moresbay, Madang, Kavieng, Rabaul, Honiara Dronagiri-3 Team Lines Team Global Log. Australia & New Zealand Ports.

JWR Logistics 18/1219/12 TBATBA X-Press Bardsey 22020E N1718 260231-05/12 ONE Line ONE (India) Sydney, Melbourne, Fremantle, Adelaide, Brisbane, 25/1226/12 TBATBA Bangkok Bridge 0139E Auckland, Lyttleton. 01/0102/01 TBATBA Clemens Schulte 018E

Allcargo Allcargo Log. Melbourne, Sydney, Frementle, Brisbane, Auckland, Adelaide(LCL/FCL). Dron.2&Mul(W) GLS Global Log. Australia & New Zealand Ports. (TIP Service) JWR 26/1228/12 TBATBA Wan Hai 502 E108 N1695 260395-07/12 ANL CMA

31/12 0600 Maersk Boston 252S N1747 260200-04/12 18/1219/12 TBATBA Tema Express 2249W N1628 259700-25/11 ONE Line ONE (India) Durban, Cape Town, Tema, Tincan, Apapa. 30/1231/12 TBATBA Seaspan Lahore 2251W Hapag ISS Shpg. (AIM) ULA CFS 20/1221/12 20/12 1300 Maersk Pangani 250W N1737 260191-04/12 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS 27/1228/12 27/12 1300 Maersk Danube 251W N1752 260196-04/12 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis Dron.-3 & Mul. 03/0104/01 03/01 1300 Maersk Chennai 252W (MESAWA) 27/12 28/12 Nord Panther V Box SmartBox Smart Durban, Mombassa.

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

Rupee trade with Lanka and Mauritius soon

NEWDELHI:Asmanyas17vostroaccountshavebeen opened so far to facilitate rupee trade with not just Russia but also Sri Lanka and Mauritius, sources revealed. A dozenoftheseaccountsaremeantfortradewithMoscow.

Russian banks like Sberbank, VTB, Gazprom, MTS and Tinkoff have opened such accounts with either Indian banksortheirownbrancheshere,saidthesources.

Banks from Mauritius and Sri Lanka have opened vostroaccountswithStateBankofIndia,saidthesources.

Sri Lankan banks have also opened such accounts with Indian Bank, and with a branch of Bank of Ceylon here, theyadded.

Tobesure,nospecificIndianbankhasbeenauthorised by the government for facilitating rupee trade with any particular country and that all interested banks are

allowed to open such accounts with any country of their choice,saidoneofthesources.

Given that about 30-35 countries, including those from Asia, Scandinavia and Africa, have expressed interest in better understanding the proposed rupee trade mechanism for possible adoption, the number of vostro accountsisexpectedtoriseinthenearfuture.

Thecountriesthatarekeenonrupeetradealsoinclude neighbours such as Sri Lanka, Bangladesh, Nepal and Myanmar, and Mauritius. These countries have been grapplingwithashortageofdollarreserves.

The RBI had in July notified the new mechanism for settlinginternationaltradeintherupee.Thiswasaimedat not just reducing the rupee against the dollar but also internationalisingthedomesticcurrency.

Chennai Port celebrated the Port Day on Dec 12

CHENNAI: Chennai Port celebrated the Port Day for the year 2022 in a grand manner on 12.12.2022. The celebrations kickstarted with the Welcome Address by S. Kirupanandasamy, Traffic Manager,ChennaiPortAuthority andwasfollowed byculturaleventbyPortemployees.

On this occasion, Sunil Paliwal, IAS Chairperson, Chennai Port Authority appreciated the efforts of Chennai Port employees for the systematic work progress and clearance of all the calamities caused due to Mandas cyclone. He further added that it is now time to proactively progress with KPL for achieving 100 Million Tons and to work on the targets proposed by all the departments for improvising the Chennai Port to take-off to excellence, byFinancialyear2024.

Chairperson also appreciated and awarded Best Business Partner Awards to stakeholders of Chennai Port to22firmsforhandlingmaximumnumberofCargoinGRT basedofvariouscategories.

S Balaji Arunkumar IRTS, Dy. Chairperson,

ChennaiPortAuthority inhisaddressthankedallofficers andemployeesfortheirvaluableservicesduringthetough times and also motivated the Officers and Employees to work to their full potential for the growth of the Port as PortisfacingchallengesfromneighbouringPorts.

On this occasion Covid compensation of Rs.50 lakhs chequewasissuedto3dependentsofdeceasedemployees ofChennaiPort.

12 Major Ports’ increase capacity by 83 % in last 7 years

Cont’d. from Pg. 3

Similarly, the capacity of Non-Major Ports in the Country has increased from 991.67 MTPA in FY 2019-20 to 1,007.40 MTPA in FY2021-22.

The total capacity added in Major and Non-Major Ports since 2020 is 78.41MTPA.

Currently, India has 12 Major Ports — Deendayal, Mumbai, Jawaharlal Nehru Port Authority (JNPA), Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip and Kolkata (includingHaldia).

A maximum of three Major Ports are located in Tamil Nadu followed by two in Maharashtra and one each in Gujarat, Goa, Karnataka, Kerala, Andhra Pradesh, Odisha and WestBengal.

No new Major Port has been constructed after the year 2020.

All Major Ports in the Country are functionalports.

These Major Ports have a total of 272berths.Aberthisbasicallyanarea where the cargo is loaded or discharged on and off the ships. Each port or terminal has several berths which usually have shore equipment for handling cargo, wherethecargoisdischarged,loaded andmaybestored.

Out of 272 berths at Major Ports, 70 berths have been given on public private partnership (PPP) mode for operation and rest of the berths are port-owned.

There are 213 Non-Major Ports managed by and under the control of respective State Maritime Board/StateGovernment.

CapacityExpansion

According to international standards, port capacity should be 30percenthigherthancargotrafficto provide efficient services and lower the average turn-around and

pre-berthingtime.

Major Ports’ capacity has been enhanced consistently to meet growing traffic needs, but the increase in traffic has not been proportional to the increase in capacity.

These ports have identified capacity expansion projects based on thefollowingtheme:

• New berth addition in line with cargoprofile

• Existing berths upgrade to improvehandlingcapacity

• Existing berths conversion to handlenewcommodities

As part of Maritime India Vision (MIV) 2030, all major ports together need to undertake capacity addition tothetuneof423MTPA.

A total investment cost of over Rs 33,400 crore has been envisaged for this capacity expansion. Out of this, approximately 95 per cent capacity expansion has been planned under PPPmodebymajorports.

India, UK agree to conclude free trade talks at earliest

NEWDELHI:IndiaandtheUKon

Tuesday agreed to conclude the free trade agreement (FTA) talks at the earliest. Commerce and Industry Minister Shri Piyush Goyal on Tuesday met UK’s secretary of state for international trade Kemi Badenoch to review the progress of talks for a bilateral free trade agreement and agreed to conclude it attheearliest.

The meeting was the first major discussion on the proposed FTA after the Rishi Sunak government took office in the UK in October. The two sides had earlier planned to conclude talksbyDiwali.

“Discussions were carried out on the India-UK FTA negotiations and

the range of bilateral trade and economic relations,” the commerce and industry ministry saidinastatement.

The sixth round of India-UK FTA negotiations is ongoing in New Delhi. The previous round of talks took place in July. Negotiationsforthe FTAstartedonJanuary13thisyear.

As per the statement, both ministers reaffirmed their commitment to the FTA negotiations,

Eastern Railway’s 1st Gati Shakti Cargo Terminal started operation

NEW DELHI: The first coalloaded freight rake was flagged off from Pakur siding recently for Ropar Thermal Power Plant in Punjab. With this, the first Gati Shakti Cargo terminal of the Eastern Railway at Pakur came into life. Loading of freight rakes at this terminal was discontinued since April 1, 2015 at this terminal was discontinued since April1,2015.

This much-awaited movement will fetch Rs. 1.2 crore Railway revenue per rake with an expected 4-rake loading per day. Earlier, coal

rake from Pakur was loaded through joint collaboration of PANEM. The PSPCL (Punjab State Power Corporation Ltd.) Authority assured local people that the company will provide employment for the villagers and arrange for a development programme through CSR.

It will, therefore, provide job opportunities to the local people through various means like deployment as skilled or unskilled labours, supply of vehicles, and another mode from time to time.

Gati Shakti Cargo Terminal Policy was recently launched by the Prime Minister and is expected to be a game changer in the field of traffic transportation in terms of improving speed and mobility, reducing logistic costs, and enhancing capacity. In compliance with the proliferation of the newly implemented Gati Shakti Cargo Terminal Policy adopted by Indian Railways, Eastern Railway’s Howrah Division has started the operation of its first Gati Shakti Cargo Terminal at Pakur.

which would unlock full potential of trade between the two countries by generating jobs and boosting investmentsandexports.

m.v “ESL DA CHAN BAY” 2247E I.G.M. No. 2329580 Dtd. 13.12.2022

The above vessel is arriving at NHAVA SHEVA (GTI) on 15-12-2022 with import cargoes from ports BUSAN NEW PORT, CHANGSHU, DACHANBAY, HOCHIMINH, KOBE, NINGBO, PORT KLANG WESTPORT, QINGDAO, SHANGHAI, TOKYO, XINGANG, YOKOHAMA also transshipment cargo of following Ex. Mother vessels:

Item No. and Bills of lading Nos. are as mentioned below :

68 CGS0067421 69 CGS0067422 70 DCB0281385 71 DCB0281402 72 DCB0282339 73 DCB0282376 74 DCB0283364 75 DCB0284370 76 DCB0286439 77 DCB0288438 78 NBO6542805 79 NBO6543478 80 NBO6544476 81 NBO6547386 82 NBO6549563 83 NBO6549563A 84 NBO6551683 85 NBO6553592 86 NBO6554681 87 NBO6554711 88 NBO6555685 89 NBO6556740 90 NBO6559878 91 NBO6560972 92 NBO6562313 93 NBO6565131 94 NBO6565204 95 NBO6566435 96 NBO6566616 97 NBO6567516 98 NBO6567545 99 NBO6567675 100 NBO6567875 101 NBO6568587 102 NBO6569023 103 NBO6572141 104 NBO6577140 105 NBO6577436 106 NBO6584114 107 PKW0851049 108 PKW0854013 109 PNC3910278 110 SHAJ935897 111 SHAJ962985 112 SHAJ966989 113 SHAJ967923 114 SHAJ967951

ITEM NO. B/L NO. ITEM NO. B/L NO. ITEM NO. B/L NO. ITEM NO. B/L NO. 115 SHAJ973326 116 SHAJ980172 117 SHAJ981290 118 SHAJ989413 119 SHAJ990732 120 SHAJ991661 121 SHAJ991858 122 SHAJ992087 123 SHAJ993564 124 SHAJ996853 125 SHAJ997886 126 SHAJ998195 127 SHAJ998684 128 SHAK006011 129 SHAK014023 130 TAO6523615 131 TAO6530141 132 TAO6544654 133 TAO6547778 134 TAO6550477 135 TAO6553219 136 TAO6553684 137 TAO6553911 138 TAO6555750 139 TAO6558470 140 TAO6561401 141 TAO6563522 142 TAO6563686 143 TAO6564966 144 TAO6566123 145 TAO6566403 146 TAO6566442 147 TAO6568050 148 TAO6569321 149 TAO6571020 150 TAO6577415 151 YOK0614248 152 YOK0615208 153 NBO6560584 154 NBO6571180 155 NBO6571180 156 NBO6571180 157 NBO6571180 158 NBO6571180 159 NBO6571180 160 NBO6571180 161 NBO6571180

162 SGN4460912 163 SGN4464904 164 SGN4466822 165 SGN4467842 166 SGN4468818 167 SHAJ971901 168 SHAJ972073 169 SHAJ972073 170 SHAJ978075 171 SHAJ978075 172 SHAJ978075 173 SHAJ978075 174 SHAJ978075 175 SHAJ978075 176 SHAJ978399 177 SHAJ988987 178 SHAJ988987 179 SHAJ988987 180 SHAJ988987 181 SHAJ988987 182 SHAJ988987 183 SHAJ988987 184 SHAJ996148 185 SHAJ997543 186 SHAJ997755 187 SHAJ997755 188 SHAJ998699 189 TAO6558436 190 TAO6567226 191 UKB0408899 192 NBO6535416 193 NBO6545564 194 NBO6545565 195 NBO6549431 196 NBO6550544 197 NBO6550887 198 NBO6551684 199 NBO6551755 200 NBO6552732 201 NBO6552883 202 NBO6552885 203 NBO6554875 204 NBO6555440 205 NBO6556546 206 NBO6556715 207 NBO6556735 208 NBO6558714

209 NBO6561996 210 NBO6563535 211 NBO6564033 212 NBO6564507 213 NBO6565509 214 NBO6567532 215 NBO6567621 216 NBO6567659 217 NBO6567994 218 NBO6568310 219 NBO6568533 220 NBO6569126 221 NBO6569510 222 NBO6569537 223 NBO6570258 224 NBO6570790 225 NBO6574756 226 NBO6577181 227 NBO6577356 228 NBO6577474 229 NBO6578303 230 NBO6579255 231 NBO6579475 232 TAO6561057 233 SHAJ981243 234 SHAJ982241 235 SHAJ990515 236 TAO6561801 237 SHAJ990731 238 NBO6565451 239 NBO6565850 240 SHAJ997418 241 SHAJ970086 242 SHAJ975082 243 SHAJ977079 244 NBO6571130 245 SHAJ962984 246 SHAJ980451 247 TAO6565241 248 SHAJ998235 249 SHAK009048 250 TAO6545848 251 NBO6560769 252 TAO6566371 253 TYO0509784 254 SHAJ983871 255 SHAJ983871

Consignees are requested to present Original Bills of Lading duly discharged and obtain Delivery Order on payment of all charges as applicable. Detention charges where applicable will be charged as per tariff. Our Surveyors are M/s. Pinnacle Marine Surveyors Pvt Ltd. Usual Survey conditions shall apply Consignees are also requested to note that the carriers and/or their Agents are not bound to send individual notifications regarding arrival of the vessel or the goods.

Note : For IGM & ITEM nos. Vessel arrival inquiry, destination charges tariff please visit our site : www.ekmtc.com For KOREA MARINE TRANSPORT CO. LTD. As Agents :

Wheat exports ban review likely in March

NEW DELHI: The Government will likely review a ban on wheat exports in March 2023 when it will have greater clarity on the harvest of the key winter-sown crop, official sourcessaid.

Withaboutafortnightremainingforthewintersowingto beover,theareaunderthewheatcrophasjumped25%from ayearbefore.Thishaspromptedthegovernmenttoexpecta bumper wheat production in the current crop year through June2023ifweatherremainsfavourable,saidthesources.

While imposing the export ban in May, the Centre,

however, allowed wheat despatches that were backed by letters of credit (LCs) issued prior to the ban, and also through Government-to-Government deals.

Official sources said the Centre has allowed wheat exports of 2.5 MT since the May ban, only about 2,00,000250,000 tonne of which have taken place through Government-to-Government deals. After taking into accounts the despatches of 2.2 MT before the ban, wheat exports this fiscal stand at 4.7 MT, way below those of 7.2MTintheentireFY22whentherewasnoprohibition.

Trade slowdown to worsen in 2023: UNCTAD

GENEVA: A decline in global trade in the third quarter 2022 is expectedtoget worse in 2023, according to the United Nations Conference on Trade and Development (UNCTAD).

The UN trade body’s Global Trade Update for December 2022 noted that after a record year, global trade growth had turned negative in the second half of 2022.

UNCTAD pegged global trade at $32trn for 2022, comprising $25trn in goods and $7trn in services. Those estimates represent a 10% increase in trade of goodsover2021,anda15%increaseinservices.

“Those record levels are largely due to robust growth in the first half of 2022. Conversely, trade growth has been subduedduringthesecondhalfoftheyear,”saidUNCTAD. It’s figures show a 1% drop in the trade of services in Q3 2022 compared to Q2 2022, with a 1.3% increase in trade of services.

UNCTAD’s nowcast assessment of current trade “indicates that the value of global trade will decrease in Q4 2022bothforgoodsandforservices.”

While its preliminary figures show a drop in value for the trade of goods, volumes rose by 3% which UNCTAD said reflects resilience in global demand. Other positive factors noted in the report included an improvement in logistics,lowercongestionandfallingfreightrates.

Trade patterns were being influenced by a reshaping of global supply chains through sourcing diversification, reshoring and near-shoring, all of which are expected to impact trade in the coming year. Trade patterns will also reflectmovementtowardsagreenereconomy,withcarbon intensivegoodsandfossilfuelenergyfallingoutoffavour.

On the negative side, UNCTAD listed factors including lower economic growth and the high price of goods. High energy prices are bringing down economic forecasts asinterestratesrise,whilerelatedincreasesinthepriceof goodsandinputssoftenimportdemand.

The combination of rising interest rates and record levels of global debt bring growing concerns over debt sustainability, said UNCTAD, especially for highly indebted governments in an environment of tightening financialconditions.

“Theongoingtradeslowdownisexpectedtoworsenfor 2023. While the outlook for global trade remains uncertain, negative factors appear to outweigh positive trends,” said UNCTAD.

Bangladesh seeks 5 lakh tonnes of parboiled Rice from India

DHAKA: Bangladesh has approached India to source at least 0.5 million tonnes (mt) of parboiled rice for distribution through ration shops on a governmentto-government (G2G) basis. The Sheikh Hasina Wajed Government has approached India’s High Commissioner in Bangladesh for assistance, even though Dhaka has issued two tenders of 50,000 tonnes each to import parboiled rice, according to trade sources.

Tenders issued on December 6 and 12 will expire on December21and17,respectively.Bangladeshapproached India after a Dhaka delegation, including the Food Secretary and Director-General of the Food Directorate, scouted supplies in Vietnam, Thailand, and Cambodia last month.

Bangladesh has turned to India because it has been unable to find parboiled rice at a competitive price in these three countries. According to the sources, one of the four agencies (NAFED, NCCF, Kendriya Bhandar, and Kribhco Agri)couldbeshippingricetoBangladeshonaG2Gbasis.

According to the Thailand Rice Exporters Association, Thailand currently offers parboiled rice at $468 per tonne, whilePakistanoffersbetween$453and$457.Thepricesfor Indian parboiled rice are $373 and $377. Thailand’s offer price has risen by $5-6 per tonne in the last two weeks, while Pakistan’s rate has fallen slightly. On the other hand, prices in India have fallen by $1. Although the Wajed Government claims to have ample rice stocks, it has begun importing rice on G2G and through private tradetoavoidacrisis.

“ESL

DA CHAN

Gold Star Line Ltd.

BAY” (ZIM VOY : YGF 19E) I.G.M. No. 2329580 Dtd. 13.12.2022

The above vessel is arriving at NHAVA SHEVA (GTI) on 15/12/2022 with Import Cargo in containers.

Item Nos. B/L NOS.

Item Nos. B/L NOS. Item Nos. B/L NOS. 458 GOSUBKK80252567 459 GOSUBKK80253949 460 GOSUCGP8354325 461 BKK0285165 462 CSHMF221105243 463 PTSHASE22110094 464 OSSZ22110795 465 YSNBF22112838 466 SYNHGH22SE111154A 467 SYNHGH22SE111154B 468 ASNB22110476 469 ASNB22110482 470 ASNB22110517 471 DXG2211676 472 61X8121860 473 SZVB40393 474 SZVB40394 475 SZVB40324 476 SZETESF22110297 477 SHAE22110203 478 SFE22230306 479 SFE22230305 480 DXK2211036 481 JAM223216 482 WUX221243074 483 SZUL22110452 484 SZUL22110430 485 DXF2211313 486 SZOE22120027 487 DXF2211312 488 TMSE2054799 489 WOLSZSE22114573 490 JNGBFCK0093 491 JNGBLCK0032 492 SZAE22120185 493 SHTLP220845 494 CLSHSE22110283 495 CLSHSE22110284 496 ASSH22110300 497 JAM222502 498 SZETESF22110298 499 QDLD202211325 500 QDLD202211364 501 QDLD202211383 502 SZVB40325 503 GOSUSNH1710297A 504 WFNSA221227 505 SZYC22112244 506 SZYC22112246 507 SZYC22110945 508 SZYC22111089 509 GOSUNGB1147919 510 GOSUNGB1151201 511 GOSUNGB1151305

512 GOSUNGB1153701 513 GOSUNGB1153702 514 GOSUNGB1153741 515 GOSUNGB1153746 516 GOSUNGB1153747 517 GOSUNGB1153748 518 GOSUNGB1153771 519 GOSUNGB1153779 520 GOSUNGB1153781 521 GOSUNGB1153786 522 GOSUNGB1153789 523 GOSUNGB1153797 524 GOSUNGB1153814 525 GOSUNGB1153815 526 GOSUNGB1153816 527 GOSUNGB20081115 528 GOSUNGB20085236 529 GOSUNGB9848814 530 GOSUNGB9848817 531 GOSUNGB9848835 532 GOSUNGB9945690 533 GOSUNGB9956523 534 GOSUNGB9956539 535 GOSUNGB9956540 536 GOSUNGB9956554 537 GOSUNGB9965364 538 GOSUNGB9965383 539 GOSUNGB9965384 540 GOSUNGB9965396 541 GOSUNGB9965404 542 GOSUNGB9965407 543 GOSUNGB9965409 544 GOSUNGB9965411 545 GOSUNGB9965430 546 GOSUNNJ1203753 547 GOSUQNQ1041262 548 GOSUQNQ1041263 549 GOSUSHH30964508 550 GOSUSHH30964509 551 GOSUSHH30964510 552 GOSUSHH30964511 553 GOSUSHH30964826 554 GOSUSHH30966961 555 GOSUSNH1283682 556 GOSUSNH1522726 557 GOSUSNH1559976 558 GOSUSNH1637332 559 GOSUSNH1684438 560 GOSUSNH1684445 561 GOSUSNH1684447 562 GOSUSNH1684576 563 GOSUSNH1684636 564 GOSUSNH1684642 565 GOSUSNH1684643

566 GOSUSNH1684663 567 GOSUSNH1684680 568 GOSUSNH1684681 569 GOSUSNH1684682 570 GOSUSNH1684689 571 GOSUSNH1684774 572 GOSUSNH1684846 573 GOSUSNH1684847 574 GOSUSNH1689018 575 GOSUSNH1696898 576 GOSUSNH1705922 577 GOSUSNH1710231 578 GOSUSNH1710234 579 GOSUSNH1710235 580 GOSUSNH1710237 581 GOSUSNH1710242 582 GOSUSNH1710244 583 GOSUSNH1710260 584 GOSUSNH1710272 585 GOSUSNH1710298 586 GOSUSNH20821279 587 GOSUSNH20821291 588 GOSUSNH20821293 589 GOSUSNH20821294 590 GOSUSNH20821328 591 GOSUSNH20821343 592 GOSUSNH20821393 593 GOSUSNH20821394 594 GOSUSNH20821403 595 GOSUSNH20821416 596 GOSUSNH20821431 597 GOSUSNH20821451 598 GOSUSNH20821459 599 GOSUSNH20821461 600 GOSUSNH20821483 601 GOSUSNH20821485 602 GOSUSNH20821490 603 GOSUSNH20821495 604 GOSUSNH20821516 605 GOSUSNH20821574 606 GOSUSNH5481064 607 GOSUSNH8283083 608 GOSUSNH8283086 609 GOSUSNH8339609 610 GOSUSNH8339610 611 GOSUSNH8339612 612 GOSUSNH8339613 613 GOSUSNH8420055 614 GOSUSNH8421188 615 GOSUSNH8421191 616 GOSUSNH8429746 617 GOSUSNH8429811 618 GOSUSNH8429816 619 GOSUSNH8429852

Item Nos. B/L NOS.

620 GOSUSNH8429853 621 GOSUSNH8429856 622 GOSUSNH8430035 623 GOSUSNH8430047 624 GOSUSNH8430063 625 GOSUSNH8430078 626 GOSUSNH8430098 627 GOSUSNH8430110 628 GOSUSNH8430112 629 GOSUSNH8430148 630 GOSUSNH8430228 631 GOSUSNH8430281 632 GOSUZAP922690 633 GOSUZEN1313428 634 GOSUZEN1313468 635 GOSUZEN1313469 636 GOSUBKK80255263 637 GOSUNGB9965385 638 GOSUSNH8426248 639 SZOE22110733 640 GOSUSNH20821464 641 GOSUHKG83396912 642 GOSUSNH1684775 643 GOSUSNH20821499 644 GOSUYIW802004 645 GOSUWUH9603131 646 DJSE2211X061 647 GOSUHKG83396698 648 GOSUHKG83396699 649 GOSUHKG83397147 650 GOSUSNH1684653 651 GOSUBKK80255827 652 20220111046 653 GOSUSNH8429870 654 GOSUSHH30966967 655 GOSUSHH309669671 656 GOSUSHH309669672 657 GOSUSHH309669673 658 GOSUSHH309669674 659 DXG2211689 660 GOSUYIW802007 661 PCL20220223 662 PCL20220224 663 PCL20220230 664 MYPKG406603 665 MYJHB152615 666 MEGANHV5225 667 LNLUPKL8113850 668 LNLUPKL8113851 669 LNLUPKL8113937 670 LNLUPKL8114154 671 LNLUPKL8114153 672 LNLUPKL8114106 673 LNLUPKL8114107

Consignees are requested to obtain DELIVERY ORDERS on presentation of ORIGINAL BILLS of LADING and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.

If there is any delay in CY-CFS movement due to port congestion Line/Agent are not responsible for the same.

Consignees will please note that the Carriers and/or their Agents are not bound to send Individual Notifications regarding the arrival of the vessel or the goods.

For detailed information on cargo availability please contact our office. For any charges enquiries, Please contact on our Import Hotline No. : 4252 4444 Container Movement to : OCEAN GATE CONTAINER TERMINAL PVT. LTD. As Agents :

STAR SHIPPING SERVICES (INDIA) PVT. LTD.

Raheja Centre-Point, 3rd Floor, 294, C.S.T. Road, Near Mumbai University, Kalina, Santacruz (East), Mumbai - 400 098. Tel : 91-22-4252 4301 Fax : 91-22-4252 4142

Margin pressure looms for Container Terminal operators : Drewry

LONDON: Despite the challenges of Covid-19 and port congestion, container terminal operators were successful in improving their profit margins in 2021 and 2022. However, the ports industry now faces the dual challenge of skyrocketing costs and market downturn, which will squeezeoperatingmarginsthrough2023.

Drewry has downgraded the short-term prospects for the global container shipping market amid a deteriorating global economic outlook. Container terminal operators have already seen the cost of fuel and electricity escalate and now face rising pressure from dock workers demandinginflation-linkedwageincreases.

Strong revenue gains, relating primarily to increased storage fees, have provided operators with a degree of protection against rising costs. With port congestion projected to ease by early 2023, Drewry expects unit revenuestodecline,depressingterminaloperatormargins.

Drewry’s Global Container Terminal Earnings Index, recently launched in the Ports and Terminals Insight, peakedin1Q22,butaftera13%dropin2Q22,ralliedin3Q22 torecorda3%QoQrise(seechart).

The index measures quarterly changes in industry earnings per teu, based on the financial results of selected global terminal operators. A similar approach is used to measure trends in terminal operator revenue and operating costs, via Drewry’s Global Container Terminal RevenueIndexandGlobalContainerTerminalCostIndex, alsorecentlylaunchedinthePortsandTerminalsInsight.

Portcompaniesbenefitedfromasurgeinunitrevenues from 4Q20 to 1Q22, as rising port congestion drove growth

in storage fees, but the pace of growth slowed rapidly thereafter. Meanwhile, the same congestion also added to operatingcosts,asdidincreasedfuelandenergycosts.

Looking ahead, Drewry expects core stevedoring revenues to rise next year as CPI-linked annual price increases take effect from 1Q23. But with cargo traffic slowing and, in some cases, falling, terminal operators will lose some of the economies of scale that the post-covid demandboomfacilitated.

Meanwhile,operatingcostsareexpectedtorisesteeply through 2023 as a result of inflation-beating wage settlements. Additionally, the drive for cost efficiencies that most operators made during 2020-22 in the face of the Covid pandemic results in fewer opportunities to make furtherefficiencygainsorcutcosts.

Operational factors, which impact dwell time and storage revenues, remain the most significant variable in the equation. Drewry expects that port congestion will continue to ease as we move into 2023. However, localised disruptions caused by port and supply chains strikes may well sustain the conditions that have resulted in increased storage revenues since 4Q20. Similarly, with the deterioratingcargodemandoutlook,therestillneedstobe consensus as to when carriers will revert to fixed weekly sailing schedules, which would further erode recent terminaloperatorrevenuegains.

Giventheseheadwinds,Drewryprojectsthatcontainer terminal operators will do well to maintain operating margins in the face of falling cargo volumes and escalating cost.

G20 GDP bounces back in the third quarter of 2022

PARIS: Gross domestic product (GDP) in the G20 area grew by 1.3% quarter-on-quarter in the third quarter of 2022 according to provisionalestimates,aftershrinking by 0.3% in the second quarter (Figure 1). By contrast, in the OECD area GDPgrowthremainedweakinQ32022at0.4%.

The bounce back in the G20 area in the third quarter mainly reflected a recovery in China,[2] as some of the country’s strictest COVID-19 lockdowns began to be eased.China’sGDPgrewby3.9%quarter-on-quarterafter contracting by 2.7% in Q2 2022. The economy also recovered in the United States, with GDP growing by 0.7% inQ32022aftercontractingby0.1%inthepreviousquarter, driven by net exports (exports minus imports) as noted in thelatestOECDGDPgrowthrelease.Together,Chinaand the United States contributed four-fifths of the 1.3% G20 growth figure in Q3 2022. GDP growth also recovered in South Africa and India, while GDP continued to grow in GermanyandSaudiArabia.

Despite the recovery in the G20 area as a whole, Japan, the United Kingdom and Türkiye recorded slight contractions in Q3 2022 (Figure 1). GDP growth lost momentum in Q3 2022 in the eight remaining G20 economies for which data is available, slowing the most in relative terms in Brazil (0.4%, compared with 1.0% in the previous quarter), Italy (0.5%, compared with 1.1%), Korea (0.3%, compared with 0.7%) and France (0.2%, compared with 0.5%). The slowdown was more moderate inAustralia,Canada,IndonesiaandMexico.

In the third quarter of 2022, GDP in the G20 area exceeded its pre-pandemic (Q4 2019) level by 6.0%. The United Kingdom was the only G20 country that had not yet

recovereditspre-pandemiclevel,followingrevisionstothe historicalseries.

CJ-I MV Stentor Interocean 17/12

CJ-II MV Bao Shun Ashirvad Shpg. 16/12

CJ-III MV Obe Heart Interocean 17/12

CJ-IV MV Elisar Ocean Harmony 16/12

CJ-V MV Armonia ACT Infra 19/12

CJ-VI MV Carina BS Shpg. 17/12

CJ-VII MV Jal Kamdhenu Seascape 18/12

CJ-VIII MV Loyalty Hong Arnav Shpg. 19/12

CJ-IX VACANT

CJ-X VACANT

CJ-XI MV Jairan Armita Shpg. 16/12

CJ-XII MV Melissa Benline 16/12

CJ-XIII MV Kosman Arnav Shpg. 16/12

CJ-XIV MV African Kite Anchor Shpg. 17/12

CJ-XV MV Flag Gangos Seacoast 16/12

CJ-XVA MV Chakravati Chowgule Bros. 18/12

CJ-XVI VACANT

TunaTekra Steamer's Name Agent's Name ETD

MV IKI Singapore 16/12

MV Curacao Pearl Benline 16/12

Oil Jetty Steamer's Name Agent's Name ETD

OJ-I LPG Bastogne Nationwide 16/12

OJ-II MT Furano Galaxy GAC Shpg. 16/12

OJ-III MT Aquarius Wilhelmsen 16/12

OJ-IV MT Brave Samudra 16/12

OJ-V MT Stolt Berland JMBaxi 16/12

OJ-VI MT Eternal Sunshine Interocean 16/12

CJ-XVA MV Chakravati Chowgule Bros. Cotonou 50,000 T. Rice Bags 2022111169

Stream MV Common Galaxy Cross Trade 59,000 T. Salt

CJ-IV MV Elisar Ocean Harmony Durban 31,750 T. Sugar Bags 2022111243

OJ-VI MT Eternal Sunshine Interocean 32,000 T. Naptha

CJ-XV MV Flag Gangos Seacoast Douala 32,000 T. Bagged Rice 2022121026

Tuna MV IKI Singapore 14,000 T. SBM In Bulk 2022111309

16/12 MV Incredible Bulk Tauras 40,200 T. RSM In Bulk

Stream MV Jabal Samhan Chowgule Bros. China 61,600 T. Salt

Stream MV Jaohar UK Interocean 26,500 T. Sugar In Bags

Stream MV Jupiter DBC Port Sudan 23,000 T. Sugar Bags 2022121036

CJ-XIII MV Kosman Arnav Shpg. West Africa 19,500 T. Rice In Bags 2022111274

Stream MV Lady Moon DBC Somalia 24,900 T. Sugar Bags 2022111377

Stream MV Mont Blanc Hawk Interocean Sudan 71,000 T. Sugar In Bulk 2022121042

CJ-III MV Obe Heart Interocean Sudan 25,000 T. Sugar Bags 2022111247

Stream MV Obe Queen Ocean Harmony Sudan 40,100 T. Sugar In Bags 2022121014

16/12 MV Osprey Cross Trade 59,000 T. Salt 23/12 MT Owl 2 GAC Shpg. 4,500 T. C. Oil

Stream MV Pac Adhil Tristar Shpg 2,500/1,500 T. M. Chloride/Sulphate & 18 2022111285

Stream MV Pegasus 01 DBC Somalia 8,000 T. Sugar Bags 2022111256

Stream MV Propel Progress DBC Sudan 25,000 T. Sugar Bags 2022121003

CJ-I MV Stentor Interocean Sudan 27,450 T. Sugar In Bags 2022111187 20/12 MV Thor Fortune Aditya Marine 10,200 T.S Pipes 2022121150 15/12 MV Wolverine J M Baxi 60,500 T. Mill Scale 17/12 MC Zagori Interocean 49,500 T. Sugar Bulk 2022121042

Stream MV Belgrand Seascape 27,254 T. Metcoke CJ-VI MV Carina BS Shpg. 34,000 T. HMS Tuna MV Curacao Pearl Benline U.S.A. 36,529 T. Petcoke In Bulk CJ-VII MV Jal Kamdhenu Seascape 33,000 T. Coal In Bulk 2022121074 CJ-VIII MV Loyalty Hong Arnav Shpg. 24,469 T. Scrap In Bulk (HMS) 2022111397 19/12 MV Norma Wilhelmsen Uruguay 39,520 T. Iron Ore Lumps 16/12 MV Ocean Future J M Baxi 48,100 T. MOP Stream MV Olympus Tauras 49,474 T. Urea In Bulk 15/12 MV Santa Cruz Dariya Shpg. 45,000 T. Coal 18/12 MV Serena Tauras 49,910 T. Urea In Bulk

Cedar GAC Shpg.

5,000 T. Chem.

Chemroad Orchid J M Baxi 23,665 T. Chem.

Dalmacija Interocean 21,000 T. CDSBO 21/12

Daw Won Wilhelmsen

4,000 T. Chem. 16/12

IGLC Dicle Seaworld 18,850 T. Propane/Butane

Global Pioneer J M Baxi 13,000 T. Palm 17/12

Fairchem Intergrity Samudra 6,000 T. Chem. OJ-II MT Furano Galaxy GAC Shpg. Taiwan 5,276 T. Chem. Stream MT High Leader J M Baxi Sohar Oman 30,670 T. MS 16/12 MT Lucky Chem Samudra Sohar Oman 10,000 T. Chem. Stream MT NCC Yanbu Interocean Brazil 21,000 T. CDSBO 26/12 MT Nord Victorius Interocean 30,500 T. CDSBO/CSFO 20/12 MT Pacific Citrine Interocean 19,000 T. CDSBO 26/12 MT Rustaq Silver Interocean 32,000 T. CPO Stream MT Sanman Sitar MK Shpg. 31,500 T. HSD 2022121168 Stream MT Solar Roma GAC Shpg. U.S.A. 5,000 T. Chem. 22/12 MT Southern Puma GAC Shpg. Al Jubail 6,998 T. Chem. OJ-V MT Stolt Berland J M Baxi Dakar 34,671 T. Phos Acid Stream MT Stolt Kiri J M Baxi

Abbas I/E 500 TEUs. 16/12 MV Safeen Pearl Malar Shpg. I/E 400 TEUs.

TO LOAD FOR EAST, WEST, NORTH & SOUTH AFRICAN PORTS

LOAD FOR WEST ASIA GULF PORTS

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

TO LOAD FOR INDIAN SUB CONTINENT

PORTS PORT PIPAVAV

16/12 16/12-AM Maersk Sentosa 249W 22392 Maersk Line Maersk India Algeciras 16/12 23/12 23/12-AM Maersk Chicago 250W 22400 (MECL) 23/12 TO LOAD FOR FAR EAST, CHINA,

JAPAN, AUSTRALIA,

NEW

ZEALAND AND PACIFIC ISLANDS

18/12 18/12-AM Sofia I 250E 22394 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 18/12 25/12 25/12-AM Northern Diamond 251E 22404 Ningbo, Tanjung Pelepas. (FM3) 25/12 19/12 19/12-AM Bangkok Bridge 139E 22406 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 19/12 26/12 26/12-AM Clemens Schulte 018WE 22408 ONE ONE (India) (TIP) 26/12 21/12 21/12-AM OOCL Luxembourg 099E 22401 APL/OOCL DBC & Sons/OOCL(I) Port Kelang, Singapore, Hong Kong, Xingang, Dalian, Qingdao, 21/12 28/12 2812-AM Seamax Stratford 119E 22413 Gold Star Star Shipping Busan (Ex. Pusan), San Pedro, Kwangyang, Chiwan. (CIXA) 28/12 22/12 22/12-AM Xin Shanghai 140E 22410 COSCO COSCO Shpg. Singapor Cai Mep,Hongkong,Shanghai,Ningbo,Schekou,Nansha (CI1) 22/12 25/12 25/12-AM Conti Contessa 112E 22407 ONE ONE (India) West Port Kelang, Singapore, Leam Chabang, Busan, Sanshan, 25/12 Ningbo, Sekou, Cai Mep. (PS3)

TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS

16/12 16/12-AM Maersk Sentosa 249W 22392 Maersk Line Maersk India Salalah, Jebel Ali, Port Qasim. 16/12 23/12 23/12-AM Maersk Chicago 250W 22400 (MECL) 23/12 19/12 19/12-AM SSL Krishna 050 22411 SLS SLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 19/12

TBA SCI J. M Baxi Jebel Ali. (SMILE)

TBA X-Press Feeders Merchant Shpg. Jebel Ali, Sohar (NMG)

TBA SLS SLS Mangalore, Kandla, Cochin.(WCC)

TO LOAD FOR INDIAN SUB CONTINENT PORTS

18/12 18/12-AM EM Astoria 250S 22395 Maersk Line Maersk India Colombo, Bin Qasim, Karachi (JADE) 18/12 18/12 18/12-AM Sofia I 250E 22394 SCI J. M Baxi Colombo. (FM3) 18/12 19/12 19/12-AM Bangkok Bridge 139E 22406 X-Press Feeders Merchant Shpg. Karachi, Muhammad Bin Qasim. 19/12 26/12 26/12-AM Clemens Schulte 018WE 22408 ONE ONE (India) (TIP) 26/12 21/12 21/12-AM OOCL Luxembourg 099E 22401 OOCL/APL OOCL(I)/DBC Sons Colombo. (CIXA) 21/12 22/12 22/12-AM Xin Shanghai 140E 22410 COSCO COSCO Shpg. Karachi, Colombo (CI1) 22/12

TO LOAD FOR US & CANADA WEST COAST

16/12 16/12-AM Maersk Sentosa 249W 22392 Maersk Line Maersk Line India Newark, North Charleston, Savannah, Huston, Norfolk. 16/12 23/12 23/12-AM Maersk Chicago 250W 22400 Safmarine Maersk Line India (MECL) 23/12 19/12 19/12-AM Bangkok Bridge 139WE 22406 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 19/12 26/12 26/12-AM Clemens Schulte 018WE 22408 ONE ONE (India) Norforlk, Charleston, Halifax. (TIP) 26/12 25/12 25/12-AM Conti Contessa 112E 22407 ONE ONE (India) Los Angeles, Oakland. (PS3) 25/12

CBIC celebrates completion of 60 years of Customs Act

Cont’d. from Pg. 3 Chairman,CBIC,Membersofthe Board of Indirect and Direct Taxes and Customs and senior officials from the Ministry of Finance were presentontheoccasion.

Speaking on the occasion, Union Finance Minister, Nirmala Sitharaman remarked that shashtipurti is an important event in Indian tradition which is marked with solemn ceremonies at home, pondering over the achievements of last 60 years and taking care for the journey of next 60 years. Robustness of the Customs Act was on display when during the difficult times of Covid-19 all the consignments, whether of bigorsmallcompaniesorindividuals,werefacilitated.

The finance minister said that Customs officers have to be ready for newer technological challenges and should act as leaders to show the world how they have been able to overcomemodernandnewerchallenges.

Sitharaman also exhorted Customs officers to write about Customs – challenges and how they have handled the same. She also urged the officers to be alert towards smugglingofdrugswhichaffectsthefuturegenerationsand smugglingofthegold,whichhurtstheeconomy.

MoS Finance Pankaj Chaudhary traced the history of Customs to Kautilya’s Arthshastra, which mentioned charging of Customs duty. Chaudhary highlighted the role played by Turant Customs which is faceless, paperless and contactless, in the facilitation of trade. He hoped that the Customs officers would be in a position to check the smuggling and leakage of revenue harnessing the rapid advancementintechnology.

Revenue Secretary Sanjay Malhotra acknowledged

that celebrations as 60 years of Customs Act are not only events to celebrate achievements but also to introspect. He wished that Customs officers will keep on performing dutiestothebestoftheirabilities.

In his address on the occasion, Chairman CBIC, Vivek Johri, said that Indian Customs has reengineered and automated various business processes. The Indian Customs has been able to manage all three tiers with aplomb that is revenue collection, border control and trade facilitation. The electronic clearance process has helped in expeditious clearance with effective enforcement. He expressed faith that Customs Act will enable officers to deal with future challenges of Trade based money laundering,ecommerce,3Dprinting,Cryptocurrencyetc.

Member,Customs,RajivTalwar,inhiswelcomeaddress, mentioned that Customs Act has enabled new innovations, such as creation of dry ports (ICDs) so as to make available requisite goods for manufacturing activities in the hinterland. He further remarked that the Customs Act was resilientaswellasadaptive.

AD Port : UAE President inaugurates Khalifa Port expansion

ABU DHABI: His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, inauguratedKhalifaPort’sexpansion-amajordevelopment projectwithatotalinvestmentofAED4billion.

His Highness was briefed by His Excellency Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, and Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, on the key milestones of Khalifa Port expansion projects since its opening ten years ago, and reviewed future plans for the leading port in the region. His Highness also toured the new, expanded facilities and logistics available to serve importandexportoperations.

His Highness said: “Khalifa Port Expansion is a major national project that is considered an important addition to the UAE's ports and logistic services and will further enhance the UAE's position in the global trade”, adding “Khalifa Port, along other national ports, are important cornerstones to the development and diversification of the nationaleconomy”.

Theofficialinaugurationoftheexpansionprogrammeby the UAE Presidentmarksanother major milestoneina year that has seen AD Ports Group list on the Abu Dhabi Securities Market (ADX), open new trade corridors, complete a series of major acquisitions, rapidly transform its business and portfolio of services, and build strong relations with existing and emerging trade partners fortheUAE.

As part of the expansion, which includes the development of the port’s South Quay, Khalifa Port Logistics, and Abu Dhabi Terminals at a total investment of AED 4 billion, Khalifa Port has grown from 2.43 km2 to 8.63 km2, while its quay wall has been significantly extended from 2.3 kilometres to 12.5 kilometres. It now provides 21 berths and offers a range of bespoke services for

key strategic industries, positioning it among the global elite of deep-water ports, with an estimated value of AED 20.4 billion.

The programme is set to make a major contribution to AD Port Group’s goal of increasing handlingcapacityat

AD Ports Group has evolved into a significant driver of economic growth, contributing AED 152.8 billion to UAE GDP, representing 13% of the UAE’s non-oil GDP and creating approximately 373,500 jobs. It continues to attract foreign direct investment through economic cities and industrial zones managed by KEZAD Group and provides a broadrangeofdigitalservicestoenabletradeandtransport.

Key achievements in 2022 include a series of transformative acquisitions, including a 70% stake in Transmar and TCI in Egypt, providing the company with a market-leading platform for operations along the entire Red Sea and beyond; an 80% equity stake in Global Feeder Shipping, contributing to its long-term strategy to become one of the world’s premier short-sea and feeder shipping players; and the acquisition of Noatum, which will enable the company to build a strong international logistics brand with deep roots in this region.

The company has also acquired companies and announcedaseriesofjointventurestoexpanditsportfolioof maritime services and its global presence, such as SAFEEN Invictus, Divetech, Alligator Shipping, ASCL, and SAFEENSurveysandSubseaServices.