MUM-18-03-2024

See Back Pg.

Mihir Kotecha to contest from Mumbai North-East constituency in Lok Sabha 2024 Election

Mr. Mihir Kotecha

M U M B A I : M r. M i h i r

K o t e c h a , a M e m b e r o f

Legislative Assembly, from Mulund Constituency of Maharashtra and Treasurer of Maharashtra State BJP is all set to fight the upcoming Lok Sabha 2024 election on Bhartiya Janta Party (BJP) t i c k e t f r o m t h e M u m b a i

North-East constituency

M r K o t e c h a h u m b l y expressed his gratitude towards PM Modi, Shri Amit Shah and Shri J P Nadda for having faith in him for the upcoming parliament election.

Mundra Port achieves new milestone: Surpasses 7 Mn TEUs handling capacity

MUNDRA: Mundra Port, operated by Adani Ports and Special Economic Port Ltd (APSEZ), has reached a significant milestone by surpassing the 7 million twenty-foot equivalent units (TEU’s) mark for the first time in its 25-year history

Cont’d Pg. 21

Mihir Kotecha to contest from Mumbai North-East constituency in Lok Sabha 2024 Election

Cont’d from Pg. 3

Interestingly, Mr Kotecha has been a wellknown and respectable face in the Maritime and Logistics sector and is a Director at Greenwich Meridian Logistics (India) Pvt. Ltd.

Mr Kotecha entered political arena at a very young age and is very active in various segments of socio-political activities in Mumbai besides being part of many health awareness initiatives.

H e i s w h o l e h e a r t e d l y c o m m i t t e d i n implementing the Prime Minister Shri Narendra Modi’s Vision of Developed India by 2047.

Greenwich Meridian is at the forefront of delivering innovative domestic and international logistics solutions using air, surface and sea as modes of transportation with the help of a global network and in-depth expertise in logistic technology

CMA CGM & OCEAN Alliance roll out World's Largest Maritime services network for 8th year in a row

MARSEILLE: The CMA CGM Group, COSCO

Wetakeitpersonally

S h i p p i n g , Evergreen and OOCL

l a u n c h

OCEAN Alliance "DAY 8 Product". Following the renewal of the partnership for another five years, starting in April 2024, this new program marks CMA CGM's commitment to continue offering its customers the highest quality of service.

Due to the unstable situation in the Red Sea, ships must be routed through the Cape of Good Hope, disrupting supply chains CMA CGM and its partners are stepping up coordination and adapting the rotations of the DAY 8 Product. This will maintain the same high standards of visibility, reliability, and punctuality, which are the strengths of the OCEAN Alliance.

A new OCEAN Alliance offer designed by CMA CGM to further improve services delivered to customers

Thanks to OCEAN Alliance, the Group's customers will benefit from an optimized and competitive offer for the eighth consecutive year through:

• the deployment of 321 container ships, including 119 vessels for the CMA CGM Group, which continues to play a significant role in the alliance.

• 35 services on the world's most important trades.

• a total capacity of approximately 4 5 million TEUs (Twenty Foot Equivalent).

The OCEAN Alliance “DAY 8 Product” will offer CMA CGM customers a set of optimized solutions to transport their goods, in particular to and from Asia, including:

• 6 services between Asia and Northern Europe.

• 4 services between Asia and the Mediterranean.

• 20 transpacic services:

8 services between Asia and the East Coast of the United States.

12 services between Asia and the west coast of the United States and Canada.

• 2 transatlantic services connecting Northern Europe to North American ports.

• 3 services between Asia and the ports of the Persian Gulf.

• The 2 services connecting Asia to the Red Sea are suspended until further notice.

OCEAN Alliance, a stable, reliable and trusted partnership extended until 2032

The launch of this "DAY 8 Product" comes a few days after the leaders of the CMA CGM Group, COSCO SHIPPING, Evergreen, and OOCL, announced the extension of OCEAN Allianceforanotherfiveyearsuntil2032

CMA CGM and its long-standing partners for years to come within the OCEAN Alliance continue to support its customers' supply chains and operations by offering best-inclass shipping solutions that serve a vast network of ports with direct calls and optimized transit times. Launched in the spring of 2017, OCEAN Alliance is the world's largest operational shipping network. It provides customers with agile and innovative solutions through the industry's most robust network covering major East/West routes and connecting mainly Asia to Northern Europe, the Mediterranean, the Middle East, and North America's East and West coasts. Committed to achieving Net Zero Carbon by 2050, the CMA CGM Group is implementing the best available solutions to reduce the environmental impact of maritime transport and logistics and is preparing to operate more than 120 container ships that can be powered with low-carbon energy by 2027, part of which is already deployed on the OCEAN Alliance network.

CONCOR : Container train from CRT Khed to JN Port commenced

NAVI MUMBAI: Expanding CONCOR reach and boosting Container Logistics connectivity in KONKAN Belt of MAHARASHTRA, CONCOR has commenced its Container train services from CRT Khed (Konkan Railways) to JN Port Terminals.

By having this new CRT location in CONCOR network, CONCOR's commitment to the Konkan region is going to strengthen further CONCOR has earlier marked its presence in Konkan by establishing its MMLP Balli at Goa & commencing container rail service from CRT at Ratnagiri. Maiden rake of CONCOR with export boxes of Krishna Antioxidants (an exporter with DPE status) was moved to JN Port on 14/03/2024 which has reached JN Port (BMCT terminal) within assured transit time.

Container rates drop to unsustainable levels : Maersk CEO

COPENHAGEN: The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk CEO Mr. Vincent Clerc told the group’s annual meeting of shareholders held recently

Maersk last month warned that container shipping overcapacity would hit profits this year, in contrast to the record earnings achieved in the wake of the pandemic.

“Freight rates have fallen significantly since the good years of 2021 and 2022, and have fallen actually to an unsustainable level,” Clerc said.

German rival Hapag-Lloyd separately on Thursday said the global oversupply of container ships and the crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following an 83% fall in net profit.

Container rates jumped in December and early January as vessel attacks in the Red Sea forced companies to redirect ships away from the Suez Canal to a much longer journey around Africa, but have since faded as available capacity still exceeds demand.

An influx of new container ships last year added 9% to the i n d u s t r y ’ s g l o b a l c a p a c i t y, w h i c h i s expected to increase by another 11% this year and a further 7% in 2025, Maersk said.

I n c o n t r a s t , Maersk’s fleet has remained constant in size in the same period.

Mr. Vincent Clerc

“Demand growth, slow-steaming, ship recycling will have to offset over time this overcapacity so that we can get back to a healthy earnings level,” Mr Clerc said.

Maersk, which last year announced it would cut 10,000 jobs, told the AGM it would continue to focus on keeping costs in check.

The company’s policy of paying a dividend to shareholders of 30% to 50% of underlying net earnings remains in place, board Chair Mr Robert Maersk Uggla said.

PSA International completes inaugural submission to CDP for 2023 Climate Change Assessment

S I N G A P O R E : P S A International has completed its inaugural disclosure submission to CDP for the 2023 climate change assessment and achieved an overall ‘B’ rating based on environmental information about P S A’ s P o r t s a n d P O R T + businesses The rating assures that PSA has addressed the environmental impacts of the disclosed portfolio and reflects good environmental management.

CDP is a global non-profit organisation that runs the world’s leading environmental disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. The disclosure scores range from A to D-, indicating the level of action reported by the company to assess and manage its environmental impacts for the given reporting period.

Head of Group Process Excellence and Head of Ports Process Excellence Goh Mia Hock said, “Our disclosure to CDP is critical as it subjects PSA to a reputable international rating exercise and our climate

change initiatives to stringent e x t e r n a l s c r u t i n y . It affirms PSA’s efforts in meeting t h e i n c r e a s i n g d e m a n d f o r environmental transparency from financial institutions, customers, and stakeholders. By disclosing data over consecutive years, we will have a clearer overview of the trajectory of PSA’s sustainability journey.”

More than 23,000 companies voluntarily disclosed their data through CDP in 2023. PSA’s overall rating of ‘B’ is higher than the global average of ‘C’ amongst disclosed companies, as well as the intermodal transport & logistics sector average of ‘C’.

The overall rating takes into account several categories and a company’s corresponding scores in each category Among the categories evaluated by CDP, PSA received a noteworthy ‘A-’ score for its emission reduction initiatives and low carbon products – a testament to our ongoing efforts in decarbonising the port and port adjacencies ecosystem.

GTI welcomes Danish delegation to share industry best practices

NAVI MUMBAI:

GTI welcomed the delegation of Danish Parliament at the t e r m i n a l l a s t w e e k The delegation comprising 9 representatives from the sectors like education, health, Maritime etc; was led by Mr. Leif Lahn Jensen, Vice Chairman of the Presidium of the Danish Parliaments Composition and Mr. Freddy Svane, the Ambassador of the Royal Danish Embassy in India.

The delegation was welcomed by Mr. Santosh Stephen Chief Financial Officer and the GTI team. The management appraised the delegation about the India Maritime vision and the critical role GTI plays in the big picture, infrastructural capabilities, transformation program which enables GTI to be one of the most efficient terminals, safety initiatives, decarbonisation initiatives, initiatives on employee welfare & Corporate Social Responsibility, and our aspiration to become the best terminal company.

The delegates were highly impressed with the Asset Digitisation tool creating a digital twin environment The esteemed visitors were taken for the terminal tour and was impressed with GTI’s infrastructure facilities, safety culture and focus on decarbonization.

Indian Railways on its track to record best ever performance in Freight Business, Total Revenue & Track laying in FY 2023-24

NEW DELHI: Indian Railways is on its track to record the best ever performance in its recorded history in terms of the output from the Freight Business, Total revenue, track laying in the Financial year 2023-24. As per the preliminary data, IR has crossed an originating Freight loading of 1500 MT today on 15th March, 2024. Previously, IR had achieved the best ever Freight loading of 1512 MT during FY 2022-23

During this FY 2023-24, Total revenue of Indian Railways stands at Rs 2.40 Lakh Crores as on date. Last year on 15th March, total Revenue was Rs 2.23 Lakh Crores, an increment of 17000 Crores. Total Expenditure of Indian Railways stands at Rs 2.26 Lakh Crores in this FY 2023-24.

Total passengers travelled during FY 2023-24 stands at 648 Crores, an increment of 52 Crores when compared

to the figures of the same period of last year Last year, total number of passengers travelled was 596 Crores.

In this Financial Year as on date, Indian Railways has laid 5100 Kms of new tracks. In this FY, average daily track comes out to be more than 14 Kms per day.

NOTICE TO CONSIGNEES

m.v. “MSC BREMEN” V- IW407R I.G.M. No. 2371585 Dtd. 16-03-24 Exch rate 85.34

The above vessel has arrived on 18-03-2024 at NHAVA SHEVA (BMCT)with import cargo from ABIDJAN, SAN-PEDRO, SANTA CRUZ DETENERIFE, TEMA, TAKORADI, CONAKRY, ONNE, TINCAN/LAGOS, FREETOWN, LOME.

Please note the item Nos. against the B/L Nos. for NHAVA SHEVA (BMCT) delivery.

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery. Consignees are requested to collect Delivery Order for all imports delivered at Nhava Sheva from our Import Documentation Dept. at Nhava Sheva - DN210 / DN211 / DN212, D-Wing, 2nd Floor, NMSEZ Commercial Complex, Plot No. 6, Sector - 11, Opp. JNPT Township, Dronagiri Node, Navi Mumbai - 400 707 , India and Mumbai - 1st Floor, MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400059 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.

The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at Nhava Sheva. The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.

Incase of any query, kindly contact Import Customer Service - (022) 66378123; IN363-imports.mumbai@msc.com

Get IGM

/ ITEM

You can also visit our website: www.msc.com/ind/help-centre/tools/import-general-manifest-information

CI1 Service

NORTH WEST INDIA SERVICES

AS1 Service

CHINA / INDIA EXPRESS

ASIA INDIA SUB-CONTINENT SERVICE AIS Service

AGI Service

ASX Service

ASIA SUB-CONTINENT SERVICE

ARABIAN SEA EXPRESS

AGI2 Service

ASEAN-GULF-ISC 2 SERVICE

IPE Service

AWES Service

EAX5 Service

INDIA PACIFIC EXPRESS SERVICE

ALL WATER EXPRESS-SUBCONTINENT TO EAST COAST

EAST AFRICA SERVICE

CI2 Service

CI5 Service

Head Office - Mumbai :

Unit 802, B Wing, 8th Floor, Godrej Two, Pirojsha Nagar, Eastern Express Highway, Vikhroli (E), Mumbai, 400079, India

Tel: +91 022 61247300, Fax: +91 022 26665780

Delhi Office :

238, 3rd

Tel:

Mundra

& Red Sea, Med, Gioia Tauro (D).

05/0406/04 05/04 0900 MSC Tokyo IP414A

CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre (EPIC / IPAK)

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.

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

23/0324/03 TBATBA NYK Vesta 084W P2767 292886-07/03 CMA CGM

06/0407/04 TBATBA Express Rome 4310W

12/0413/04 TBATBA Sofia Express 4311W

16/0417/04 TBATBA Frankfurt Express 4312W

CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul

Hapag ISS Shpg. U.K., North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS

COSCO COSCO (I) U.K., North Cont., Scandinavian, Red Sea & Med.Ports.

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

24/0325/03 23/03 1300 MSC Ariane IS410A P2794

Gold Star Star Ship Hamburg, Antwerp, Tilbury. Oceangate CFS

1086041-11/03 MSC MSC Agency U.K., North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals

27/0328/03 27/03 1100 MSC Thais IS411A SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 03/0404/04 03/04 1100 MSC Irene IS412A

U. K. North Continent & Other Mediterranean Ports.

Himalaya Express

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.

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

Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3

Safewater Safewater Line US East Coast, South & Central America

Speedy CFS

22/0323/03 TBA 1000 MSC Barbados IV412A P2793 293147-11/03 MSC MSC Agency King Abdullah (INDUSA) Hind Terminal

22/0323/03 TBATBA Arzin 1320W P2663 292201-26/02 HDASCO Armita India Bandar Abbas, Chabahar. (IIX)

23/0324/03 TBATBA Maersk Kinloss 411W P2714 292481-29/02 Maersk Line Maersk India Salallah. (MECL) Maersk CFS

23/0324/03 TBATBA Abrao Cochin 015W P2783 293057-09/03 SeaLead SeaLead Shpg. Sohar, Jebel Ali. (GIX)

Blue Water Lines PoseidonShpg. Sohar, Jebel Ali, Dammam. Speedy CFS

24/0325/03 TBATBA Marathopolis 413S P2712 292482-29/02 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE) Maersk CFS

28/0329/03 TBATBA Wadi Duka 2405W P2752 292815-06/03 Asyad Line Seabridge Salalah 30/0331/03 TBATBA Inter Sydney 152 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM)

Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar. 06/0407/04 TBATBA AS Clarita 2406W Asyad Line Seabridge Sohar, Jebel Ali, Hamad, Dammam. (IEX)

TO LOAD

20/0321/03

27/0328/03

BSS

GULF PORTS From BMCT

from

FOR FAR EAST, CHINA & JAPAN PORTS from NSFT

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

ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS 15/0416/04 TBATBA Ever Excel 173E

KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3 22/0423/04 TBATBA Ever Ethic 167E

HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

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

Samudera Samudera Shpg. P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri

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

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS 30/0331/03 TBATBA MSC Ilenia FD407E

MSC MSC Agency Dalian, Shanghai, Ningbo, Yantian. (DRAGON EB) Hind Terminals 01/0402/04 TBATBA Gregos 2406E

Asyad Line Seabridge Haiphong, Shekou, Laem Chabang, Port Kelang (IEX)

OOCL Genoa 069E P2798 293161-11/02 APL CMA CGM Ag. Dron.-3 & Mul.

02/0404/04 TBATBA Zim Haifa 26E

18/0420/04 TBATBA OOCL Hamburg 149E

23/0425/04 TBATBA OOCLLuxembourg 109E

ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.

COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.

Gold Star Star Ship Singapore, Hong Kong, Shanghai. (CIX-3)

ANL CMA CGM Ag. Port Kelang, Singapore (CIX-3) Dron.-3 & Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

20/0322/03 19/03 1000 X-Press Cassiopeia 24012E P2681 292360-28/02 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS

25/0326/03 TBATBA X-Press Phoenix 24013E P2726 292693-04/03 X-Press Feeders Sea Consortium Kwangyang, Pusan, Hakata, Shanghai. (NWX/FI-3)

01/0402/04 TBATBA Maersk Florence 414E Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS

08/0409/04 TBATBA GSL Nicoletta 415E

20/0321/03 20/03 2300 Argolikos E159 P2758 292873-06/03 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dronagiri-1

26/0327/03 TBATBA Wan Hai 502 E121 P2786 293087-11/03 Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 02/0403/04 TBATBA Wan Hai 507 E221 Hapag/RCL ISS Shpg./RCL Ag. ULA-CFS/ 09/0410/04 TBATBA Ever Unity E198 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 (CIX)

22/0324/03 TBATBA Wan Hai 513 E091 P2775 292973-08/03 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 29/0331/03 TBATBA Wan Hai 311 E231 COSCO COSCO Shpg. Ningbo, Shekou.

05/0407/04 TBATBA Wan Hai 512 E104 InterasiaInterasia (CI2)

12/0414/04 TBATBA Wan Hai 501 E246

HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS

19/0421/04 TBATBA Interasia Progress E082 CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.

24/0325/03 TBATBA X-Press Bardsey 24002E P2768 292926-07/03 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 31/0301/04 TBATBA Wide Alpha 245E P2812

07/0408/04 TBATBA Clemens Schulte 031E

X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang.

Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri

14/0415/04 TBATBA Cap Andreas 010E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service)

21/0422/04 TBATBA San Francisco Bridge 071E HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS 27/0329/03 TBATBA Seaspan Adonis 074E P2815

ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 02/0404/04 TBATBA One Altair 064E Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 11/0413/04

CHINA & JAPAN PORTS from BMCT

21/0422/04

21/0422/04

15/0416/04

Beira, Maputo. (MJI)

19/0320/03 19/03 1300 CMA CGM Kribi 0MSIFW1 P2739 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS

26/0327/03 TBATBA Maersk Zambezi 412W P2746 292529-01/03 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis (MESAWA) Dron.-3 & Mul.

20/0321/03 Shamim 1114SP2677 292319-27/02 HDASCO Armita India Mombas, Dar-Es-Salaam.

23/0324/03 TBATBA Fayston Farms 411S P2715 292480-29/02 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3 & Mul. 29/0330/03 TBATBA CMA CGM San Antonio 0MTH5W1 Maersk

VESSELS DUE AT MUMBAI FOR EXPORT LOADING TO

TO LOAD FOR MED / RED SEA & WEST ASIA GULF PORTS

In Port 21/03 Ruyi II MK0246E 293242-12/03

Mitsutor Jebel Ali, 20/0325/03 Rui Fu Bang (Lib) 0127 293460-15/03

20/0323/03

Eleusis.

In Port 19/03 Morning Cello 153 292893-07/03 Eukor Car Carrier Parekh Marine South & Central America & Caribbean Ports

18/0322/03 Leopold Staff 098 1084924-24/02 Chipolbrok Samsara Shpg. Houston.

21/0322/03 Hoegh Seoul 133 1086088-12/03 Hoegh Autoliners Merchant Shpg. Kingston, Veracruz, Jacksonville.

TO LOAD FOR FAR EAST / EAST, WEST & SOUTH AFRICA / AUSTRALIA & NEW ZEALAND PORTS

In Port 19/03 Morning Cello 153 292893-07/03 Eukor Car Carrier Parekh Marine Singapore, Pyungtaek.

18/0322/03 Leopold Staff 098 1084924-24/02 Chipolbrok Samsara Shpg. Singapore, Shanghai.

21/0322/03 Hoegh Seoul 133 1086088-12/03 Hoegh Autoliners Merchant Shpg. Durban, Dar Es Salaam, Maputo, Mombasa-T/S at Durban, 22/0326/03 CP Galaxy 62 Chipolbrok Samsara Shpg. Shanghai, Qingdao.

NOTICE TO CONSIGNEES

m.v. “ONE MATRIX” V-087W I.G.M. No. 2371495 DTD.

The above vessel has arrived at NHAVA SHEVA (BMCT) on 16-03-2024 with import cargoes from ports BUSAN, BUSAN NEW PORT, HAIPHONG, INCHEON, JAMBI, NINGBO, PORT KLANG NORTHPORT, SHANGHAI, SINGAPORE, ULSAN, ZHAPU also transshipment cargo of following Ex. Mother vessels:

Consignees

Consignees

Cont’d from Pg. 3

Mundra Port achieves new milestone: Surpasses 7 Mn TEUs handling capacity

“This achievement underscores Mundra Port’s robust infrastructure, efficient operations, and capacity to handle large volumes of cargo,” the Company said.

The achievement comes just days before the fiscal year ends on 31 March In FY23, Mundra Port h a n d l e d 6 . 6 4 m i l l i o n T E U s , accounting for 64 per cent of the total cargo managed at the port.

Also, since FY 2009-10, Mundra port has witnessed around 16 per cent CAGR growth in container volumes.

Driven by a customer-centric approach, innovative logistics solutions, and efficient container evacuation strategies, Mundra Po r t ’ s c o n t a i n e r t r a f f i c h a s witnessed remarkable growth, outpacing the industry average. “At 70 per cent capacity utilisation, the terminal works at full efficiency.

Above that, the efficiency drops, and delays start occurring,” said a port official

However, currently operating at approximately 85 per cent capacity utilization, Mundra Port has managed to maintain smooth operations while mitigating bottlenecks.

The port’s ongoing expansion efforts include the commissioning of a new berth – T3 – with a capacity of 0.8 million TEUs.

Merchandise exports in February highest in 11 months : Commerce Secretary

NEW DELHI: Exports in February rose by 11.9 percent from the year-ago period to $41.40 billion and imports were up 12.2 percent at $60.11 billion.

A t $ 4 1 4 0 b i l l i o n , I n d i a ’ s merchandise exports in February were the highest in 11 months. The last time they were higher was in March 2023, when they come in at $41 96 billion Imports, meanwhile, were at a fourmonth high.

Theyear-on-yeargrowthinexportsof engineering goods (15 9 percent), electronic goods (54.81 percent), organic and inorganic chemicals (33.04 percent), drugs and pharmaceuticals (22 24 percent) played a crucial role in pushing up outbound shipments of Indian goods in February

“For the month of February 2024, under merchandise exports, 22 of the 30 key sectors exhibited positive growth as compared to same period last year (February 2023),” the commerce ministry said in a release.

In terms of the year- on-year increase, the export growth seen in

February is the highest since a 30 1 percent rise was posted in June 2022 The import growth of 12.2 percent in February is the highest since September 2022’s 12.6 percent.

“ D e s p i t e t h e U k r a i n e w a r, Suez Canal, tight monetary policies in western world and fall in commodity prices, February trade data has surpassed all our expectations, with highest export growth achieved in both goods and ser vices in the last 11 months,” Commerce Secretary Sunil Barthwal told the media.

“When we close 2023-24, we expect overall exports to be higher than last fiscal’s record export figures,” he said.

India’s merchandise exports in 2022-23 were $451 07 billion, while services exports stood at $325 33 billion Total exports amounted to $776 40 billion, 14.8 percent higher than in 2021-22.

For April 2023-February 2024 as a whole, India’s trade deficit amounted to $225.20 billion, down from $245.94 billion in the first 11 months of 2022-23 This exhibits a decline of 8.43 percent on

the trade gap on a year-on-year basis during this period.

On the services side, exports are projected to grow at 17.34 percent in February 2024 on a year-on-year basis, while imports are seen rising by a smaller 2.81 percent during the same period.

The estimated value of services export for April-February 2023-24 was $314.82 billion against $294.89 billion in the year-ago perio. Services imports for this period in FY24 is expected to be $161.86 billion compared $165.09 billion in the first 11 months of the previous fiscal

The services trade surplus for April-February 2023-24 is estimated at $152 96 billion as against $129 80 billion in April-February 2022-23

O v e r a l l t r a d e d e f i c i t f o r April-February 2023-24 (goods and services) is estimated at $72.24 billion a s c o m p a r e d t o t h e d e f i c i t o f $116 13 billion during the same period in 2022-23, registering a decline of 37 80 percent

India invites investors from IPEF nations to invest in $1 trillion clean economy opportunity

NEW DELHI: Union Minister of Commerce & Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Shri Piyush Goyal joined U.S. Secretary of Commerce Gina Raimondo, Thai Deputy Prime Minister and Foreign Minister Par npree Bahiddha-Nukara, along with the Ministers from the other IPEF partners, in their first Ministerial meeting this year

During the virtual Ministerial meeting on Pillars II-IV, IPEF partners welcomed the significant progress made since the substantial conclusion of the negotiations for the proposed IPEF Clean Economy Agreement (Pillar III), the IPEF Fair Economy Agreement (Pillar IV), and Agreement on IPEF in November 2023. The IPEF partners also discussed the ongoing cooperative work ahead across the t h r e e p r o p o s e d a g r e e m e n t s Additionally, IPEF partners welcomed

the entry into force of the IPEF Supply Chain Agreement w e f 24 February 2024. The texts of the proposed Clean Economy Agreement, Fair Economy Agreement, and Agreement on IPEF were also made public.

A d d r e s s i n g t h e M i n i s t e r i a l gathering, Minister Goyal called for an expeditious implementation of all the action-oriented collaborative elements under various IPEF Pillars On the Pillar-II (Supply Chains Resilience) Agreement, which entered into force on 24 February 2024, Minister Goyal highlighted India’s global production capacities in many critical sectors, which provide supply diversification opportunities for IPEF partners Highlighting the 'Prime Minister Surya Ghar Muft Bijli Yojana’ as a project that not only furthers clean economy objectives but also generates large socio-economic multiplier effects, Minister Goyal invited investors from

IPEF partners to invest and benefit from the trillion dollar plus opportunity that India provides in the clean economy domain.

The IPEF partners also discussed next steps to deliver concrete outcomes under the Framework over the next several months. This includes several new lines of effort under the Clean Economy pillar, including the launching of four new Cooperative Work Programs (CWPs), announcing that the inaugural IPEF Clean Economy Investor Forum will be held in Singapore on 05-06 June 2024, and providing more details on the IPEF Catalytic Capital Fund.

T h e I P E F p a r t n e r s f u r t h e r announced that the Ministers will next meet in-person in Singapore on 06 June 2024 to discuss the Supply Chain Agreement, the Clean Economy

A g r e e m e n t , t h e Fa i r E c o n o m y Agreement, and the Agreement on IPEF

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NITI Aayog lays out roadmap for boosting exports from MSMEs

NEW DELHI: NITI Aayog has proposed a series of measures to boost exports from micro, small and medium enterprises, including boosting e-commerce exports, creating a comprehensive trade portal, promoting ease of merchandise exports, improving access to export finance and creation of one stop information channel for exporters.

“To boost e-commerce exports, it is essential to create distinction between exporter on record (EOR) and seller on record (SOR) and allow reduction in invoice value without any percentage ceiling for all e-commerce exports,” the Aayog said in its report on boosting exports from MSMEs, done in collaboration with the Foundation for Economic Development.

Besides, it has proposed introducing an annual financial reconciliation process for e-commerce exporters, exemption of import duties on rejects or returns, granting exemption on reconciliation requirements for shipments up to $1000 and creating a green channel clearance for e-commerce exports.

On easing of merchandise exports, the Aayog has proposed relaxations for MSMEs from certain compliance requirements for a period while putting in place a process for time bound disbursement of incentives so that working capital is not blocked for MSMEs.

“MSMEs contribute significantly to employment generation, exports, and overall economic growth. However, exports represent an enormous and underutilized opportunity for the MSME sector,” the Aayog said in its report.

“The potential of MSMEs to grow exports is enormous and can be realized through some pragmatic measures

which reduce the cost and friction of doing business for these firms without placing any additional fiscal burden in the form of incentives or subsidies,” it said.

According to the report, sectors where Indian MSMEs can participate and compete in export markets include handicrafts, handloom textiles, ayurveda and herbal supplements, leather goods, imitation jewellery and wooden products “Globally, these sectors constitute substantial markets exceeding $340 billion, whereas their domestic market is considerably smaller,” it added.

Further, it suggested creating an end-to-end national trade portal (NTN) which will provide seamless experience to exporters including answering queries and resolution of any gaps in paperwork. “This will help reduce the process burden as well as delay for MSME exporters and enable them to compete effectively,” it said.

As per the report, creating a one stop information data intelligence portal using Al based interface will also be essential to impart information to MSMEs related to market such as tariffs, required paperwork, sources of finance, service providers, available incentives, and potential customers.

According to the report, access to finance is regularly seen as a key bottleneck for MSMEs. “Towards this end, promotion of Export Credit Guarantee can help improve working capital availability for MSMEs. The current uptake of ECGC schemes is only 10% and the government must create an incentive package to increase it to 50% or more,” it said, adding a single marketplace can be created, where all providers of export credit can compete for business and help reduce the cost to MSMEs

DGFT and DHL signs MoU to make MSMEs export-ready

NEW DELHI: Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Government of India, has been actively engaging in boosting e-commerce exports from the country, leveraging its ‘District as Export Hubs’ initiative The goal is to promote and enable micro, small and medium enterprises (MSMEs) to explore the international markets through e-commerce channels.

Taking this initiative further, DGFT has been collaborating with various e-commerce platforms and other service providers to handhold and do capacity building and training sessions in the identified districts under the districts as export hubs initiative. In a similar collaboration, DGFT partnered with the global logistics service provider, DHL, through the signing of a Memorandum of Understanding (MoU) which will cover 76 districts in three phases, to conduct capacity-building sessions, training, and workshops for making Indian MSMEs export-ready

During the MoU signing event, Shri Sunil Barthwal, Commerce Secretary, highlighted the importance of e-Commerce ecosystem, and pointed out the strides taken by India to create a digital infrastructure which can be leveraged to encourage MSMEs from rural India to connect to the world market. He also pointed out the recent initiative of Bharat Mart and how such warehousing initiative would further India’s foreign trade. He conveyed his best wishes for the initiative and hoped that this would help Indian entrepreneurs to bridge the gap in knowledge and enter the world of international trade.

While welcoming the partnership, Shri Santosh Sarangi, DG, DGFT highlighted that the objective of this collaboration is to introduce exporters/MSMEs to the digital commerce space so that they get an opportunity to export “Make in India” products, tap international customers and overcome the challenges related to logistics while exporting through the e-commerce route.

Looking forward to this partnership, John Pearson, Global CEO of DHL Express emphasized that DHL is the first international express operator to sign a Memorandum of Understanding with the Directorate General of Foreign Trade (DGFT). This partnership with the Government of India will further solidify DHL’s commitment to India and aligns with DHL’s Go Trade program to empower MSMEs in the global market.

DGFT and DHL aim to bring together a team of knowledge experts to assist Indian exporters/MSMEs in the identified districts through handholding sessions and develop a start-up kit for first-time Exporters/MSMEs wanting to go global.

Aligning with the Foreign Trade Policy 2023, in the past few months, DGFT has signed MoUs with Amazon India and Shiprocket covering 20 and 16 districts respectively These collaborations with e-commerce platforms and service providers have encouraged series of outreach events by DGFT- Regional Authorities to onboard new exporters; promote first-time exporters, and handhold MSME producers to become exporters through crossborder e-commerce sales under the District as Export Hub initiative.

Indian businesses building more resilient supply chains globally: Report

MUMBAI: Indian businesses are deploying innovation and technology in supply chains to capitalise on opportunities arising out of the shifting geopolitical and trade landscape, a new report showed.

Indian companies are turning to technology to build more resilient supply chains, with 66 per cent employing or planning to employ augmented or virtual reality for t r o u b l e s h o o t i n g a n d r e p a i r s surpassing the 54 per cent global average, according to the report, titled ‘Trade in Transition’, by multinational logistics company DP World and led by EconomistImpact

Around 79 per cent of Indian firms

are employing or planning to employ artificial intelligence (AI), big-data analytics, and predictive analytics for real-time insights and disruption forecasting, up 7 per cent on the global average, the data showed.

“ T h e f i n d i n g s r e f l e c t t h e sentiment of Indian businesses that have not only embraced innovation t h r o u g h t e c h n o l o g y b u t a l s o effectively leveraged initiatives under the Public Digital Infrastructure created by the Government of India,” said Rizwan Soomar, CEO and MD, DP World North Africa and India Subcontinent.

Around 80 per cent of Indian firms are utilising the Internet of Things

( I o T ) a n d r a d i o f r e q u e n c y identification for real-time tracking and monitoring, 9 per cent higher than the global average.

India has implemented the National Logistics Policy and the Unified Logistics Interface Platform (ULIP) with an objective of providing e a s y a c c e s s t o d a t a f o r a l l stakeholders.

“These, along with the country’s focus on strengthening assets like free trade warehousing zones, rail connectivity, and multimodal logistics parks will support the country’s goal o f r a i s i n g m a n u f a c t u r i n g t o 25% of GDP by 2025 from 17 7% currently,” the report noted.

February exports surge impressively by 12%, despite Red Sea crisis, tight monetary stance by developed world & falling commodity prices : FIEO

NEW DELHI: Reacting to February, 2024 trade data especially exports, which rose by almost 12 percent to US$ 41.40 billion, achieving the highest monthly exports during the fiscal, Mr Ashwani Kumar, President, FIEO said that the last time when the figures showed such a higher growth was in March 2023, when it was at US$ 41.96 billion. Imports rose by over 12 percent to US$ 60.11 bn showing a four-month high growth. Mr Kumar added that such an impressive increase in overall exports growth despite the Red Sea crisis, tight monetary stance by the developed world and falling commodity prices posing challenge, not only portrays the dedication and commitment of the sector but also the resilience of the exporting community, who have continuously been braving such odds since Russia-Ukraine war The exporters have consistently been

performing, driving the growth of exports, and also adding to the growth momentum of the economy.

FIEO President added that fourmonth high growth in Imports has led to the increase in trade deficit in February, 2024 to US$ 18.71 bn. Key growth drivers of merchandise exports during the month included Engineering Goods, Electronic Goods, Organic & Inorganic Chemicals, Drugs & Pharmaceuticals and Petroleum Products, which itself is a good sign as most of these sectors are labour-intensive sectors giving boost to employment creation in the country, said Mr Ashwani Kumar.

FIEO Chief further added that though during April-February, exports marginally dipped touching US$ 395 billion but our Imports dependence also reduced to US$ 225.20 billion, down from $245 94 billion in the first 11 months of 2022-23. Mr Kumar further reiterated that recent tensions in West Asia

especially the threat for consignments routing through the Red Sea has further added to woes of the exporting community, as the freight rates have gone up unimaginably high, with the b u r d e n o f v a r i o u s s u r c h a r g e Mr Ashwani Kumar also raised concern that much will depend on the new contracts to be signed with buyers during the new fiscal as the exporters have been absorbing the burden of increased freightcostaspertheoldagreement

o r e reiterated that the need of the hour is to address the Red Sea crisis challenges by ensuring availability of marine insurance and rationale increase in freight charges. The sector also needs easy & low cost of credit, marketing support, besides conclusion of some of the key FTAs with UK, and Oman soon. However, Mr Kumar is optimistic of crossing last year’s overall exports figures.

Nagpur will soon become ‘Logistics Capital’ of India : Nitin Gadkari

NAGPUR: The Union Minister Shri Nitin Gadkari recently said that although Sindi Railway is geographically a part of Wardha district, it is not considered separate from Nagpur Therefore efforts will be made to bring about industrial development on a large scale by connecting industries in Nagpur with Sindi Dry Port. “Nagpur will be known as the ‘logistics capital’ of the country in the coming time,” Gadkari asserted.

Gadkari was speaking after inaugurating the much awaited Multi-Modal Logistics Park (MMLP) at Sindi in Wardha district recently. He also flagged off the trial of the Sindi Railway Terminal Service at this time. The project is the dream project of the Union Minister Gadkari. The event was organized in association with National Highways Authority of India and National Highways Logistics Management Limited (NHLML) under the Union Ministry of Road Transport and Highways.

On this occasion, MP Ramdas Tadas, MLA Pankaj Bhoyer, MLA Sameer Kunawar, MLA Dadarao Keche, former MP Suresh Waghmare, Jawaharlal Nehru Port Trust (JNPT) Chairman Unmesh Wagh, NHLML Director K. Satyanathan and others were present prominently.

Gadkari further said that the farmers will benefit from the dry port at Sindi. He said, “Today, if the produce of Vidarbha’s farms or the products manufactured here are to be exported to Bangladesh, they have to be sent by rail to Mumbai and from there by sea to Sri Lanka and from Sri Lanka to Bangladesh. Now from this logistics park, our goods can be exported directly to Haldia (West Bengal) and from there to Bangladesh by rail”.

“Dr Babasaheb Ambedkar International Airport and Nagpur-Mumbai Samruddhi Mahamarg are also close by

The project holds promises for farmers by facilitating direct exports, reducing logistics costs, and potentially mitigating agrarian distress. The goods of the farmers will get a good price,” Gadkari said.

Gadkari articulated his vision of integrating Sindi, though geographically part of Wardha district, with Nagpur to stimulate industrial growth on a significant scale He emphasized plans to establish strong linkages between industries in Nagpur and the Sindi Dry Port, foreseeing Nagpur’s ascension as the foremost “logistics capital” of India in the near future.

The Minister also gave instructions to appoint an advisory board for the dry port. He asked to include project experts, industry persons and public representatives in this MP Ramdas Tadas said that before 2014 Wardha had only 160 km long roads. Union Minister Gadkari has changed the entire picture in just ten years and now the length of roads has increased by 560 km.

EDFC’s Sahnewal-New Khurja section opens, freight transit from Ludhiana to Mumbai now possible in 20 hours

LUDHIANA: City industrialists of Ludhiana will now benefit from a swift 20-hour transit of goods to the Jawaharlal Nehru Port Trust (JNPT) in Maharashtra, thanks to the inauguration of the Sahnewal-New Khurja section of the Eastern Dedicated Freight Corridor (EDFC) recently. Previously, covering this distance took seven to eight days.

According to project Director Surender Kumar, trains can travel at an average speed of 100 km h on the dedicated corridor, reducingthetotaldistancetoJNPTfromthecitytoaround1,900 km This development is expected to ensure that goods reach theportwithin20hoursasperareport.

Punjab Governor Banwarilal Purohit participated in the inauguration of the 401-km-long Sahnewal to the New Khurja section at the new Khanna railway station.

This section was inaugurated for public use by Prime Minister Shri Narendra Modi through video conferencing from Ahmedabad. During the event, Purohit stated that the corridor would accelerate development by facilitating high-speed goods trains.

He highlighted that the section is part of a high-speed and high-capacity railway corridor exclusively for the transportation of freight, emphasising that it would reduce

logistic costs, increase speed, enhance the safety of freight movement, generate employment opportunities, and attract investments in various sectors.

The corridor, starting from Ludhiana and ending at Dankuni in West Bengal, with a junction at Khurja near Aligarh in Uttar Pradesh connecting it to the Western Corridor, will significantly improve freight transportation efficiency

Fitch revises India’s FY25 GDP growth forecast to 7% from 6.5%

MUMBAI: Global ratings agency Fitch Ratings raised India’s FY25 GDP growth forecast to 7 percent from 6.5 percent earlier as it expects the economy to continue its strong expansion.

Fitch expects 50 bps rate cut by the Reserve Bank of India from July to December and foresees India’s CPI inflation gradually declining to 4 percent by the end of 2024. RBI has kept the repo rate unchanged at 6.5 percent for the last six consecutive meetings and has reiterated its commitment to reaching the 4 percent inflation target on a sustainable basis.

“Prospects for EM (ex China) have also brightened, particularly in India, where we now expect growth to reach 7.8 percent in the fiscal year ending March 2024 (FY24) and 7 percent in FY25, both sizeable upward revisions. With GDP growth having exceeded 8 percent for three consecutive

quarters, we expect an easing in growth momentum in the final quarter of the current fiscal year, implying an estimate of 7.8 percent for growth in FY23-24,” said Fitch.

“Domestic demand, especially investment, will be the main driver of growth, amid sustained levels of business and consumer confidence,” Fitch said.

“Our forecasts imply that growth in the short term will outpace the economy’s estimated potential, and that the pace of growth of activity will then moderate towards trend in FY25 ” Recently, Moody’s raised India’s 2024 GDP growth estimate to 6 8 percent from 6 1 percent India’s economy grew by betterthan-expected 8.4 percent in the final three months of 2023 – the fastest pace in one-and-half years, fortifying Prime Minister Narendra Modi’s record of providing a world-beating growth rate ahead of general elections

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Sanjam Sahi Gupta highlights Insights from Brussels Conference in Belgium Advocang for

the Welfare of Seafarers

MUMBAI: The recent Brussels Conference on Seafarer Well-being, hosted at the esteemed Egmont Palace in Belgium, served as a platform for global leaders in the maritime industry to address the crucial issue of seafarer welfare.

Ms. Sanjam Sahi Gupta, the Director of Sitara Shipping and Founder of MaritimeSheEO, who is recognized as one of the 'Top 100 Women in Shipping by All About Shipping UK,' shared her perspectives while representing India at the event.

Ms. Sanjam Sahi Gupta o u t l i n e d t h a t t h e conference began with an opening address by Mr. Paul Van Tigchelt, Belgium's Deputy Prime Minister and Minister for the North Sea, which set the tone for discussions on seafarer well-being.

M r A r s e n i o D o m i n g u e z , t h e S e c r e t a r y - G e n e r a l of the Inter national Maritime Organization (IMO), emphasized the importance of the conference in highlighting the welfare of seafarers navigating the world's seas. Coinciding with International Women's Day, a dedicated panel on "Women in Maritime & Inclusion"

explored strategies to foster greater inclusion and diversity in the maritime sector

opportunities related to improving and safeguarding seafarer well-being Various stakeholders, such as G

Representatives, and subject matter experts, convened to discuss different facets of this critical issue.

The conference comprised high-level panels addressing topics like industry appeal, seafarer retention, diversity, inclusion, and overall seafarer welfare. Led by notable figures in the maritime sector, these conversations sought to generate ideas and identify priorities to enhance seafarer well-being. Throughout the event, significant issues impacting seafarer well-being were prominently discussed.