BLOCK 5th Edition
MARITIME See Pg. 3
Vol. LXI No. 129 th FRIDAY 16 JULY 2021
AWARDS
5th Edition
FRIDAY
YOUR 24
DATE
SEPTEMBER 2021
ST. REGIS - MUMBAI
See Pg. 5
E-Mail: dailyshipping@gmail.com
Cabinet approves scheme for promotion of agging of Merchant Ships in India To Provide subsidy support to Indian shipping companies in global tenders floated by Ministries and CPSEs NEW DELHI: In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a scheme to provide Rs.1624 crore over five years as subsidy to Indian Shipping companies in global tenders floated by Ministries and CPSEs for import of government cargo in the following manner: a. For a ship which is flagged in India after 1st February, 2021 and is less than 10 years at the time of flagging in India, the subsidy support would be extended @15% of the quote offered by the L1 foreign shipping company OR the actual difference between the quote offered by the Indian flag vessel
exercising ROFR and the quote offered by the L1 foreign shipping company, whichever is less. For a ship which is flagged in India after 1st February, 2021 and which is between 10 to 20 years old at the time of flagging in India, the subsidy support would be extended @10% of the quote offered by the L1 foreign shipping company OR the actual difference between the quote offered by the Indian flag vessel exercising ROFR and the quote offered by the L1 foreign shipping company, whichever is less. The rate at which the above subsidy support is extended would be reduced by 1% every year, till it falls to 10% and 5%, respectively, for the two categories of ships mentioned above. Cont’d. Pg. 16-17
CMA CGM Group extends its footprints in Nepal by launching Carrier Haulage service from Kolkata to Biratnagar • The service will provide end to end connec vity via road from Kolkata to Biratnagar – one of Nepal’s key industrial hubs. • Biratnagar is the 2nd loca on for the Group in Nepal a er Birgunj. KOLKATA: The CMA CGM Group, a world leader in shipping and logistics, launched its Carrier Haulage service from Kolkata to Biratnagar via road, where the first shipment was successfully transported on July 6th 2021. With this service, the Group is able to provide a seamless, one-stop solution to its customers for moving
Maersk to redesign its ocean network in West & Central Asia to create customer value Improved speed to market, predictability and flexibility to customers’ supply chains form the backbone of the rejig that includes introduc on of new services ME4, ME7 and FI4 amongst other changes MUMBAI / DUBAI: Maersk is redesigning its ocean network in West & Central Asia that connects countries including India, Bangladesh, Sri Lanka, Pakistan, UAE and Saudi Arabia to the world. The changes in network are primarily aimed at improving speed to market, providing higher predictability and offering more flexibility to customers’ supply chains. Further, redesigning the network will also bring more resilience to the customers’ supply chains, protecting them better from operational challenges that arise out of contingencies. “Since the beginning of the COVID-19 pandemic, supply chains have experienced a perfect storm. The unprecedented scale of operational challenges restricting supply during the pandemic and the strong demand surge in parallel led to significant bottlenecks, capacity issues and unforeseen delays across supply chains. This prompted us to redesign our ocean network to overcome these challenges and make our customers’ supply chains more resilient”, said Mads Skov-Hansen, Head of Liner Operations Cluster, Maersk West & Central Asia. Cont’d. Pg. 6
their cargo from Kolkata to Biratnagar. Since 2017, the CMA CGM Group has been successfully operating its Rail Service to ICD Birgunj via Kolkata & Visakhapatnam. With the launch of the new Carrier Haulage Service, Biratnagar is the second key location in Nepal being covered by CMA CGM global network. Cont’d. Pg. 6