MUM-19-04-2023

See Pg. 8 - 9

See Back Pg.

DPIIT to get a clear picture of India’s logistics cost in about 4 months : Special Secretary – Logistics

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) is aiming to get a clearpictureofthecountry’slogisticscostsinthenextfour months, a senior government official said recently. At present, the government is going by certain estimates, which suggest that India’s logistics cost stands at about 13-14percentofthecountry’sGDP(grossdomesticproduct).

DGFT lays out procedure for Exporters to apply for Amnesty scheme

NEW DELHI: The Commerce Ministry has laid out a procedure for applying for amnesty scheme for one-time settlement of default in export obligation by certain exporters.

The Directorate General of Foreign Trade (DGFT), under the Ministry, directed the regional authorities to process any such applications within three working days.

Cont’d. Pg. 17

The department conducted a workshop last month on logistics cost framework, and a task force has been set up to formulate a framework to determine the cost in the Country. “The task force will give its report in two months’ time. In about four months, we should have an estimate, that’swhatweareaimingfor,”saidSpecialSecretaryinthe DPIITSmtSumitaDawra.

Cont’d. Pg. 17

Container xChange : Box lines step up calls to Indian subcontinent and Middle East amid manufacturing shift

HAMBURG: Shipping lines have been creating services in the Indian sub-continent and the Middle East as these regions are now creating hubs for manufacturers, and there is the infrastructure to support ocean transport, according to ContainerxChange’slatestmonthlyreport.

APPOINTMENTS

Cont’d. Pg. 17

.. See Pg. 7

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

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

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,

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

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

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

TO

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

TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC,

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

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

Group Transworld Shpg. Jebel Ali, Bandar Abbas.

Emirates Shpg. Jebel Ali, Sohar.

X-Press Feeders Sea Consortium Jebel Ali, Bandar Abbas.

LMR Logistic Ser. Jebel Ali, Bandar Abbas.

QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas.

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

CFS

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

COASTAL SERVICE MOVEMENT

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

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

EAST, CHINA &

PORTS from NSICT

Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2 29/0530/05

Wide Alpha 236E HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS CISC Service CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya,

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

PORTS from GTI

One Competence 085E Samudera Samudera Shpg. (PS3 Service) Dronagiri Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai Ocean Gate

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

In Port 19/04 TS Ningbo 23003E P0044 269585-05/04 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou

23/0424/04 TBATBA X-Press Antares

Feeders Sea Consortium

ESL Dachan Bay 02316E Emirates Emirates Shpg (CIX3 Service)

TBATBA KMTC Dubai 2303E Pendulum Exp. Aissa Maritime

TBATBA Ever Ursula 187E Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS

Hyundai Oakland 0122E P0035 269469-04/04 HMM HMM Shpg. Port

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

GlobelinkGlobelink

Safewater

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

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

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

FY23: India’s imports from China up 4.16%, Exports down 28%, Trade Deficit at $83bn

NEW DELHI: According to provisional data from the Commerce Ministry, India’s exports to China dippedbyabout28%to$15.32billionin 2022-23,whileimportsroseby4.16%to $98.51 billion in the last fiscal. The trade gap widened to a record high of $83.2 billion in FY23 as against $72.91 billionin2021-22.

Due to plummeting exports, India’s bilateral trade with China showed a minor dip of about 1.5% to $113.83 billion as against $115.42 billion in 2021-22. This meant that the US emerged as India’s biggest trading partner in FY23 with a bilateraltradeof$128.55billion,asper theprovisionaldata.

However, there has been a major

disparity in the trade figures put out by India and China. While China claimed that trade with India touched $103 billion in the first nine months of 2022, India’s data showed that bilateral trade with China was only $91billion.

In FY22, while Beijing claimed it was India’s largest trading partner, Delhi countered it by saying that the US was its largest trading partner, followedbyChina.

Trade experts claimed that the significant mismatch is most likely because of the under-invoicing of shipments by Indian importers to avoid paying import taxes. Underinvoicing of imports involves marking the stated value of imports below the

actual value paid to the exporter abroad, reducing the import tax outgo.

India’s imports from a partner country cannot be equal to a partner country’s exports to India as export values of products generally reflect the market value or free on board (FoB), whereas imports include cost, insurance,andfreight(CIF),meaning the import value should be higher. However, it is the opposite in the case ofChina-Indiabilateraltrade.

Therefore, while the gap of $2 billion in India’s exports to China and its imports could be explained by this, $10 billion lower imports by India compared to China’s exports to India cannotbeexplainedbythis.

DPIIT to get a clear picture of India’s logistics cost in about 4 months : Special Secretary – Logistics

Cont’d. from Pg. 4

Dawra said that in two months, they would get the framework and it would take another two months for thecalculations.“Wehaverecognised the fact that we need more clarity on what are the components that will go into the logistics costs calculation. Not many countries have calculated

their logistics costs. So, we are trying to bring objectivity to the calculation rather than a perception-based approach,” she said. She added that, at present, there are variations in estimateswithinthecountryaswell.

Citing examples, Dawra said that the NCAER has given around 8 percent, and another estimate

states 13-14 percent. “So, we are hoping that in two months’ time, the task force will give us the components which go into the logistics costs calculation, and then we will be able to take a view on how we go ahead with respect to improving those parameters and calculatingtheactualcost,”shesaid.

DGFT lays out procedure for exporters to apply for Amnesty scheme

Cont’d. from Pg. 4

“Application for AA (advance authorisation)/EPCG (export promotion for capital goods) discharge/closure shall be filled online by logging onto the DGFT website and navigating to services,” theDGFTsaidinapolicycircular.

The Government announced the new foreign trade policy (FTP) on March 31. It included an amnesty scheme for exporters for one-time settlement of default in export obligation by the holders of advance and EPCG (export promotion for capitalgoods)authorisations.

Under the scheme, all pending cases of the default in meeting export obligation (EO) of certain

authorisations can be regularised by the authorisation holder on payment of all customs duties that were exempted in proportion to unfulfilled EO and interest at the rate of 100 per centofsuchdutiesexempted.

In another trade notice, the DGFT notified new HSN codes for technical textilesitems.

Intradeparlance,everyproductis categorised under an HSN code (Harmonised System of Nomenclature).Ithelpsinsystematic classification of goods across the globe.

It said that despite having specific codes for technical textiles, it has been noted that imports/exports have not been booked under correct HS

codes and the trade seems to be still being booked under other available codes.

“Accordingly, the matter has been reviewed in consultation with the textiles ministry and it is reiterated that all importers/exporters should filetheirbillofentry/shippingbillwith specificHSNcodesavailableformanmade fibre and technical textiles under…and to avoid using any other codes,”itsaid.

A list of 32 codes has been notified to facilitate the industry for easy recognition and helping them to book their import and exports under correctproductcategory.

It asked the industry to suggest morecodes,iftheyrequire.

Container xChange : Box lines step up calls to Indian subcontinent and Middle East amid manufacturing shift

Cont’d. from Pg. 4

Amid rising geopolitical tensions between the US and China, manufacturers have been diversifying their production bases awayfromChinaandtootherregions, such as the Indian subcontinent and SoutheastAsia.

Recently, COSCO Shipping Ports announced the US$375 million purchase of a 25% stake in Egypt’s SokhnaNewContainerTerminal.The project will operate for 30 years. It is believed that once complete, the terminal’s container capacity will reach1.7millionTEU.

In addition, French carrier CMA CGM announced the launch of the

new Bangladesh India Gulf Express (BIGEX)service,whichbegansailing fromtheportofChittagongon5April, and will offer Bangladesh and India a direct connection with the Persian Gulf. The transit times will be much faster and exports from Chittagong will reach Nhava Sheva and Mundra within 10 days and Jebel Ali and Abu Dhabiwithin15days.

Container xChange also noted that Maersk Line integrated two emerging markets – West & Central Asia and Africa – to form a new combined IMEA (Indian subcontinent, Middle East and Africa) region. The primary markets for this newregionwillbeIndia,Pakistan,the UAE, Saudi Arabia, South Africa, Kenya, Ivory Coast, Cameroon,

Nigeria, Senegal, and Ghana, among others.

Maersk clarified that its customers would continue to work with the same teams and that the products and solutions they are offered will stay the same until informedotherwise.

The Indian sub-continent and the Middle East are thus not just viable regions thriving in resources but also strategic locations. The regions are nowcreatinghubsformanufacturers, building infrastructure to support ocean and air transport, and actively making consumer markets more compact. Evidently, global supply chains are now getting more efficient with better accessibility and higher potential.

Indian Railways registers record Revenue of Rs. 2.40 Lakh Cr. for FY 22-23

NEW DELHI: Indian Railways hasregisteredrecordrevenuefigures of Rs. 2.40 Lakh Crores for Financial Year 2022-23. This is nearly Rs.49,000 Crores more than the previous year, reflecting25%growth.

During this financial year 2022-

23, Freight revenue too has leapfrogged to Rs.1.62 lakh Crores, a growth of nearly 15% on previous year. Indian Railways’ passenger revenues have registered an alltime high growth of 61% to reach Rs.63,300 Crores. After three years,

Indian Railways is able to fully meet the pension expenditures. Buoyancy in revenues and tight expenditure management have helped in achieving an Operating Ratio of 98.14%, well within the RE target.

m.v. “ZIM CHARLESTON” V-12E

The above vessel is arriving at NHAVA SHEVA (GTI) on 20/04/2023 with Import Cargo in containers.

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.

As Agents :

PM Gatishakti NMP evaluates 76 key Central infra projects which leads to cost savings of Rs 5.14 lakh Cr

NEW DELHI: The PM Gatishakti National Master Plan (NMP) has completed the evaluation of 76 central government key infrastructure projects relating to railways, roads and transport, etc. worth Rs 5.14 lakh crore over the past one year, leading to cost savings, providing connectivity through the shortest route, and minimising intersections with forest cover, a top official of Commerce Ministrysaid.

PM Gatishakti NMP, launched on October 13, 2021, is a geographic information system (GIS)-enabled platform that integrates the data layers of infrastructure of roads, railway lines, ports, inland waterways, telecom lines, and power lines onto a single portal. The NMP platform enables integrated planning for multimodal logistics and supports data-baseddecision-making.

“We have held four meetings to identify the pain points. The fifth

meeting on port-related connectivity issueswillbeheldwithchairmenofall ports soon,” Commerce Ministry Special Secretary Sumita Dawra told reportersatamediabriefing.

“So far, 22 states have integrated their land records with Gatishakti NMP. Also, 14 social sector Ministries / Departments have been boarded on to the NMP platform and are in advanced stages of integration to utilise the PM Gatishakti mechanism,”shesaid.

Using the NMP, 156 infrastructure gaps relating to first- and last-mile connectivityissuesofmajorsectorsof the economy, such as coal, steel, fertiliser, ports, food and public distribution have been identified by concerned Ministries in coordination withtheDepartmentforPromotionof Industry and Internal Trade (DPIIT). An amount of Rs 75,000 crore (including Rs 15,000 crore from private sources) for 100 critical transport infrastructure projects

identified for first- and last-mile connectivity has been allocated in UnionBudget2023.

The Unified Logistics Interface Platform (ULIP), launched under the national logistics policy, has been integrated with 33 systems of seven ministries.

ULIP enables tracking of all cargo containers which are exported / imported in domestic / international waters.

“So far, 76 companies have signed non-disclosure agreements (NDAs) with ULIP for getting access to data sets. And 15 more companies are likely to join soon. Over the last six years, 57 million cargo containers have been tracked. Major industry players like Maruti Suzuki, DHL, Ultratech, TCIL, Tata Steel, and Bosch have been onboarded on ULIP,” Abishek Chaudhary, Vice President, National Industrial Corridor Development Corporation, said.

EY India proposes four-pronged strategy to empower India’s Logistics sector

MUMBAI: Global consulting firm

EY has proposed a four-pronged strategy to empower India’s logistics sector.Theseare

A] Adopt advanced technology and explorenewbusinessmodels;

B] Accelerate infrastructure development;

C]Focusonsustainablelogistics;and

D] Attract investment and investor interest.

India’s freight movement is heavily skewed toward road transportation, which moves 66 per centofcargo(inton-km).

This is followed by rail (31 per cent), shipping (3 per cent) and air (1 per cent). The sector continues to witness unevenness in freight transportation by mode and is working toward solving this impediment.

Obstacles do exists in the country’sports,shippingandlogistics industry in policy, business, digital and infrastructure segments, Neville M Dumasia, national leader, advanced manufacturing, mobility and infrastructure, EY India, wrote in anarticleonthecompany’swebsite.

While the level of adoption of technology-enabled solutions like blockchain, big data, cloud computing,

and digital twins is relatively low in India, the government has launched severaldigitalsolutionslikeICEGATE and E-Logs, which have reduced inefficiencies, improved transparency and made goods movement faster, the articlesaid.

The Government has launched several programmes like GatiShakti, Bharatmala and Sagarmala that are aimed at building new infrastructure. Measures are also being taken to attract private capital and implement administrative reforms to streamline the planning and execution of infrastructureinvestments,itnoted.

In sustainability, the sector is aligning with domestic and global regulations on sustainable practices and taking steps to conform with leading global benchmarks like energy efficiency existing ship index, carbonintensityratingandemissions tradingsystem.

On the policy front, lack of timebound land acquisition coupled with diverse land acquisition regulations and clearances resulted in a delay of close to 850 government run projects till December last year. Lack of dedicated skill enhancement policy forlogisticssectoremployeesisalsoa majorimpediment.

Effective implementation of the National Logistics Policy will require a close coordination between Central and State Government, the EY article noted.

Involvement of multiple players and intermediaries results in several cargo exchanges, leading to cost escalation and inefficiency. Unorganised players choose labour over technology in logistics due to cost considerations. Diverse export and import commodities result in a general mismatch between type of containersused.

Absence of a database to map goods moved makes it difficult for to have a data-based policymaking and existing digital solutions are yet to offer end-to-end visibility, the article noted.

Captive logistics infrastructure works in silos, which is a deterrent to inter-connecting them with the nationwide logistics infrastructure. Developing logistics parks can boost thetransitiontohubandspokemodel, butthesearecapital-intensive.

Low draft depth at Indian ports limits arrival of bigger vessels and lack of modern equipment and processes increases vessel turnaroundtime,itadded.

India & Russia discusses Foreign Trade Agreement

NEW DELHI: India and Russia are discussing a free trade agreement, the Russian Trade Minister said recently, an announcement that could deepen bilateral commercial tiesthathaveflourishedsincewarbrokeoutinUkraine.

The FTA talks mark a step-up in economic relations between the two countries despite calls from Western countries for India to gradually distance itself from its dominant weapons supplier, Russia, over its February 2022invasionofUkraine.

India’s imports from Russia more than quadrupled to $46.33billionoverthelastfiscalyear,mainlythroughoil.

“Wepayspecialattentiontotheissuesofmutualaccess of production to the markets of our countries,” Russian Deputy Prime Minister Denis Manturov, who is also the trademinister,toldaneventinNewDelhi.

“Together with the Eurasian Economic Commission, we are looking forward to intensifying negotiations on a freetradeagreementwithIndia.”

Mumbai Port Authority observes National Fire Service Day

MUMBAI: National Fire ServiceDaywasobservedon14th April to pay homage to the brave fire fighters, who sacrificed their lives in the line of duty while tackling Bombay Docks Catastrophe on 14th April 1944 on the vessel S S Fort Stikine berthed at 01 Victoria Docks and fires thereafter.

In this regard, wreath laying ceremony was arranged at theFireServiceMemorial,VictoriaDockon14thApril2023 at 8.00 hrs. Shri Rajiv Jalota, IAS, Chairman & Shri Adesh Titarmare, IAS, Dy. Chairman, Mumbai Port Authority, HODs,theDirector-MaharashtraFireService, Chief Fire Officer- Mumbai Fire Brigade and other dignitoriespaidhomagetothebravefirefightersbylaying awreathattheFireMemorial,VictoriaDock.

India to penalise importers who deliberately delay clearance of consignments of pulses

NEW DELHI: In a bid to observe the stock disclosure statusofpulsesturandurad,theDepartmentofConsumer Affairs sent 12 officers to Indore, Jabalpur, and Katni in Madhya Pradesh; Mumbai, Akola, Latur, and Solapur in Maharashtra, Chennai, and Salem in Tamil Nadu and KalaburgiinKarnataka.

The interactions with the ground-level market players and state officials revealed that despite a rise in the number of registrations and stock disclosures on the eportal https://fcainfoweb.nic.in/psp/, a substantial number of market players have either not registered or failed to updatetheirstockpositionsonregularbasis.

The officials noted that the stocks under the transaction, farmers’ stocks lying in mandis for auction and the stocks awaiting customs clearance at ports had

escapedthecurrentmonitoringmechanism.

To improve stock disclosure data, the government is making several changes to the e-portal, including the incorporationoftextboxesfortheprovisionofwarehouses holding stocks and provisions for dealers to upload data of stocksownedbyfarmerslyinginshopyardsforauctioning.

The Department of Consumer Affairs is also in touch with the Customs Department to act against importers who deliberately delayed the clearance of their consignmentsofpulses.

The Union Government has also asked states to look into the data pertaining to FSSAI licences, APMC registration, GST registration, warehouses, and custom bonded warehouses to report declarations of stock by wideningthecoverageofmarketplayers.

Adani-Total’s Dhamra LNG terminal to start commercial operations at May-end

MUMBAI: Adani Group and French company TotalEnergies’ newly built Rs 6,000 crore facility to importLNGatDhamraontheOdisha coast will start commercial operations at the end of May, the Frenchfirmsaidrecently.

The5milliontonneayearcapacity terminal received its first ever shipment of liquefied natural gas – a fuel that will be used to make steel, produce fertilizers and turned into CNGandcookinggas–onApril1.

“Thisdeliveryenablesthegradual commissioning of the terminal, which is expected to start commercial operations at the end of May 2023,” TotalEnergies said in a press statement.

Karan Adani, CEO of Adani Ports and Special Economic Zone (APSEZ) – the firm that operates the Dhamra port and has leased the LNG jetty to Adani Total Private Ltd – had previously announced the receipt of the first LNG cargo. “This is a huge

leap forward not only in access to clean and affordable energy but also in decarbonising India’s energy sector,” he had said earlier this month.

Adani Total Private Limited is a 50:50 joint venture between TotalEnergiesandAdani.

The commissioning cargo was supplied by TotalEnergies from its portfolioinQatar.

“With regasification capacity of 5 million metric tonne of LNG per year, theDhamraLNGterminaladdsmore than 10 per cent to India’s regasificationcapacity,strengthening the country’s position as the world’s fifth largest LNG importer and allowing it to increase the share of natural gas in its energy mix from 8 per cent to 15 per cent by 2030 to reduce its carbon intensity,” the statementsaid.

Dhamra is the only LNG import terminalineasternIndiaandonlythe second on the entire east coast. The

country’s five other terminals are on the western coast (three in Gujarat, oneeachinMaharashtraandKerala).

“We are pleased to have completedthefirstdeliveryofLNGto the new Dhamra LNG terminal, developed in partnership with Adani, with a cargo from Qatar. India wants to develop the use of natural gas to reduce the carbon intensity of its energy mix by replacing coal, and LNG can therefore meet the growing domestic demand. The commissioning of the Dhamra terminal reflects TotalEnergies’ ambition to support India’s energy transition and supply security,” said Thomas Maurisse, Senior Vice PresidentLNGatTotalEnergies.

After all checks, the terminal would be ready to start commercial operations with an expected 2.2-2.3 million tonne of LNG expected to be imported in the first year and a gradualramp-uptofullcapacityinthe next.

Road logistics industry to clock high single-digit growth this fiscal: ICRA

MUMBAI: The Indian road logistics industry is expected to clock a high single-digit growth this fiscal on an elevated base of the previous year,ICRAsaidonMonday.Thecredit ratings agency also expects the demand momentum to continue in FY24, aided by stable domestic consumption and investment demand,ICRAsaid.

The Indian road logistics industry’s revenue growth is pegged at a high single-digit on an elevated base of FY2023, ICRA said, adding thattheoutlookisstable.

The downside risks to the estimates remain from any material tapering of demand due to high inflationary and interest rate regime, the emergence of any further Covid waves, or a sub-par monsoon impacting the overall economic health, given its strong linkage to economic activity on an aggregate basis,itsaid.

According to ICRA, quarterly revenues for the logistics sector witnessed a marginal contraction of 2 per cent in Q3 FY23, compared to the earlierquarterofthesameyear.

Following two quarters of stable demand, economic activity was uneven in the third quarter of the previousfiscaldespiterobustdemand for contact-intensive services and upbeat sentiment during the festive season.

“We expect the revenues in Q4 FY2023 to be better than Q3, supported by favourable demand and realisations,”itstated.

On a monthly basis FASTag and ewaybillvolumespeakedinDecember 2022, thereafter coming down sequentially in January 2023 and February 2023 post the festive season impact.

On a year-on-year basis, the combined volumes for FASTag for January and February 2023 grew by 24 per cent, and e-way bill volumes grew by 19 per cent, according to ICRA.

The volumes are expected to remain stable over FY2024, given the expectation of a favourable demand scenariointhenear-term,itsaid.

“ICRA expects the aggregate operating profit margins of the sample to moderate to 12-14 per cent

in FY2024, compared to 14 per cent in FY2022. The operators’ ability to effectfurtherratehikestooffsetinput priceincreasesamidstiffcompetition remains a key credit monitorable,” said Suprio Banerjee, Vice President atICRALtd.

Revenue growth, according to him, over the medium-term would continuetobedrivenbydemandfrom varied segments such e-commerce, FMCG, retail, chemicals, pharmaceuticals, and industrial goods coupled with the industry’s paradigm shift towards organised logisticsplayers,post-GST,ande-way billimplementation.

Furthermore, multimodal offerings are likely to gain increased acceptance and traction going forward, given that players offering multimodal services had more flexibility.

Given these factors and the relatively higher financial flexibility available to large, organised players vis-a-vis their smaller counterparts, there is potential for increased formalisation in the sector going forward,ICRAsaid.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 19/04/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI INTERNATIONAL CONTAINER TERMINAL (AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL), MUNDRA

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR U.K. NORTH, MED., BLACK SEA, RED SEA, EAST EUROPE & CIS PORTS

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

OTHER PORTS OF GUJARAT

JAMNAGAR

(BEDI)

PORT

(As on 19-04-2023)

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSFT

NSICT

22/04 Apollon D (V-2313E)

Fdrs./CU Lines Sima Marine/Seahorse

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

NSIGT

GTI

BMCT

Schulte (V-21E)

Genoa (V-062E)

CMA CGM Pegasus (V-0PE67W)

San Lazaro (V-314W)

17 18 Densa Tiger Shaan Marine

19/20 Heinam 87 Mitsutor 21 African Osprey Sai Maritime

B.Pier Pan Bonita Parekh Marine

B.P. Extn. Chipolbrok Pacific Samsara

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

W. E. F. 07-04-2023

FOREIGN EXCHANGE RATES

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

Sarbananda Sonowal approves development of Oil Jetty at Deendayal Port for Rs.123.40 Crore

NEW DELHI: Union Minister for Ports, Shipping & Waterways and AYUSH Shri Sarbananda Sonowal has approved the project of Development of Oil Jetty No.09 at Deendayal Port, Kandla to Handle all Types of Liquid Cargo atKandlaonBOTbasisunderPPPmode.

The estimated Project Cost of developing this Oil Jetty is Rs.123.40 Crore where the project is to be implemented through PPP mode and the Concessionaire shall arrange the financing for the Project. While the construction period is estimated to be of 24 months the Concession Period will be for 30 years. The project will follow a revenue Share Model of RoyaltyPerTon.

for development of the economy of the whole country in the bestpossiblemanner.

Ports play an important role in promoting trade and economic growth in the country. Expansion, modernization, development and upgradation of Port infrastructure in the country is an ongoing process including construction of new jetties, berths & terminals, mechanization of existing berths & terminals etc. and upgradation of skills of human resource at Ports. The focus of Ministry of Ports, Shipping and Waterways (MoPSW) is on improving efficiency of Ports and upgradingthemtointernationalstandards.

Expressing his happiness Shri Sarbananda Sonowal said, ‘Our Hon’ble Prime Minister Shri. Narendra Modiji once said that Kandla Port has the potential to give a new direction to the nation’s economy and accordingly this project will be another milestone in this journey as this Jetty will further enhance the Port Capacity along with boosting theoverallEconomicGrowthforitsentirehinterland’.

The proposed project is designed to increase cargo handling capacity of the port, which shall attribute to reduction in turn-around time of liquid vessels. This project will increase Deendayal Port’s income through collection of Royalty from the Concessionaire. Considering vast hinterland that is dependent on Deendayal Port for seaborne trade and currently prevailing traffic congestion at existing liquid handling facilities of Deendayal Port, capacity additions are of utmost importance at port for serving the economy of the region and in turn shall attribute

In FY 2023, Deendayal Port, Kandla handled 137.56 MT of cargo marking a growth of 8.23 percent over the 127.10 MT in the previous year, 70% of the cargo handled at Kandla is evacuated by road, while 10% percent by rail and 20% through pipeline. By 2030, the port is expected to report an annual growth rate of 10 percent, doubling its cargo at 267 MT.

It is to be noted that, the Ministry of Ports, Shipping and Waterways as part of its commitment to the development of the Port Sector in India has identified 74 projects worth Rs 57,000 crore under the Sagarmala program in the state of Gujarat. Out of which, 15 projects worth Rs 9,000 crore have beencompleted;33projectsworthmorethanRs25,000crore are under implementation and 26 projects worth Rs 22,700 crore are under development. Central line ministries, major ports, state maritime board and other state agencies are implementingtheseprojects.

Maersk : 2023 key trends in special cargo business

COPENHAGEN: The special cargo industry is a niche industry that to be abletoworkwiththerightspeed,efficiency,andneedsto be supported by heavy lift shipping. Because of their shape and weight, this type of cargo has specific requirements and requires special handling through the entire supply chain, from acceptance to storage, packaging, labelling, documentation, warehousing, transportation, and delivery. For example, when transported across waters, the biggest commercial or private yacht can occupy the equivalent of more than 80 shipping containers slots, taking a significant space in thevessel.

The beauty of special cargo is that every piece is generallytiedtoalarger,morecomplexproject.Whichis also the reason why very often, special cargo movement is referred to as project logistics. This is because businessesthatoperateinthisspaceareusuallynotonly moving special cargo alone but in conjunction with a dry cargo quantity. These businesses need therefore logistic providersthatcansupportthemwithboth.Anexampleof this can be a wind power business building a wind farm somewhere in the world, needing both the turbines to be moved as well as all the other parts of the plant within a fixedpre-definedtimeframe.

“Whether it's a wind blade, a turbine, or a big piece of machinery, what special cargo is contributing to has an incredible amount of gravity. Not only gravity in in physical weight (pun intended), but in the weight of the impact that the respective projects contribute to. For example, an onshore wind farm can have an operating life of more than thirty years and can produce enough electricity to power more than 1 million homes, boosting the economic impact, growth, and environmental advancement, ultimately affecting many people in a positive way” says Robin Townley, Project

BusinessProductOwneratMaersk.

Logistics

1. Capacity issues - Not capacity today, but capacity for tomorrow. Across a lot of the world's larger governments and organisations, several deals and investments in new energy and infrastructure are being announced and finalized with billions of USD being committed. Within special cargo logistics, this of course meansthatstartingfrom2023,theneedforspecialcargo transportation linked to these projects will trigger the need for capacity. The amount of logistics providers that can cater to special cargo needs is limited, meaning capacity for upcoming projects will be a challenge for the next 24 to 36 months. This can result in a capacity crunch scenario, calling for smart and efficient management solutionsfromallindustryplayersinvolved.

Oil Jetty No. 1 & 2

Maersk : 2023 key trends in special cargo business

Cont’d. from Pg. 29

2. Asset development –

An interesting trend shows that the design of products can be sometimes influenced and shaped by the way that these items are transported. For example, players in the wind industry have expressed some frustration in having to shape their turbine blades, and other parts, based on the size of the transporting truck (that sometimes can be over 15 years old). If the transporting vehicles can’t accommodate the latest innovation in product design, it becomes a big problem, ultimately limiting said innovation. The solution? Logistic companies can solve this by investing in purchasing updated transportation assets, in co-creation with customers, so that product design can be freefromthislimitationacrossalltransportationmodes.

3. Cargo “shrinking” - Because of the issues associated with transportation size (highlighted in the previous point) some businesses are trying to modularize their cargo and build it in a way that it can be containerized or fit into smaller, more conventional containers. For example, wind turbine manufacturers are currently trying to build turbines that can be moved in four containers, later bolted together becoming a full turbine. This is not something that was possible a while ago due to the manufacturing process but now seems to be a race to “shrink” special cargo that can be transformed into dry cargo, for easier transportation. Logistics providers can work on this with their special cargo customers, trying to ease their challenges and find the most optimisedbalancefortheirsupplychain.

4. Digitalacceleration– Generally speaking, cloudbased systems, visibility platforms, and new technological integrations, are already shaping the way that logistics is transforming, allowing them to “streamline their workflows, store and transfer information quicker and more securely” as mentioned last year by Forbes. Because of the geopolitical sensitivity of the zones where special cargo projects often take place, visibility measures provided by technology are even more important here. Being able to follow the cargo

while enroute, in-real-time, gives the freedom to plan in case ofaccidentsorcontingencies.

5. Higherfocusonsustainability- Without a doubt, actions to minimise environmental impact are becoming increasingly prominent within logistics as a whole, with more investments and commitments towards renewable energies and decarbonization. Within special cargo, the sector is not as advanced as it could, and should be. In the next 24 months, with the push of customers advocating for better standards the industry will need to reconvene and decide better ways to revolutionize its manufacturing. Reconsidering the speed of logistics when transporting large pieces of freight long distance could be a way of cutting down emissions, for example. This gap is also showing a great opportunity for those that have businesses that facilitate green transitions andforinvestorslookingfortheirnextopportunity.

6. Integrated visibility - Special cargo businesses, and their customers, are becoming more and more educated about their logistics needs. Whilst in the past special cargo businesses were used to completely hand over control to several providers that were very different in expertise and system levels, they now wish to gain more power over their end-to-end supply chains. Their current needs reveal that today, they instead wish to have one logistics partner that can deliver end-to-end for special cargo, handling the complexity from start to finish. The key action for this is acquiring more transparency and more knowledge as well as a powerful partnership with the right provider that can deliver with a strong focus on safety, quality control and schedule predictability. A partner that can provide integrated systems, flexibility,extendedexperience,andindustryknowledge.

In closing, 2023 is showing the tendency for special cargo businesses to gear up to tackle upcoming challenges with capacity offering issues, cargo redesign and diminishing size, asset development co-creation, digitalization advancement, better focus on sustainability and stronger partnerships with providers that can handle the cargo end-to-end while taking careofallthestepsincludedinthejourney.