MUM-19-06-2023

MSC HAMBURG completes safe journey to JNPA Terminal

NAVIMUMBAI:Inwhatcouldbetermedasthesignificant achievement for Jawaharlal Nehru Port Authority (JNPA) and the maritime industry, MSC HAMBURG, the longest vessel ever to call Indian Port, safely arrived at BMCT Terminalat11.24amon17thJune,2023.

Govt likely to come out with logistics cost estimate by Sept: DPIIT Special Secretary

NEW DELHI: The Government is working on a frameworktoassessthelogisticscostinthecountryandis expected to get a realistic estimate by September, a senior DPIITofficialsaidrecently

MSC HAMBURG completes safe journey to JNPA Terminal

Cont’d. from Pg. 3 MSCHAMBURGisaContainerShipbuiltin2015and is sailing under the flag of Panama. Her carrying capacity is 16,652 TEUs and her current draught is reported to be 14 meters. Her length overall (LOA)

Departing from its port of origin, MSC Hamburg embarked on a meticulously planned and flawlessly executed journey, covering thousands of nautical miles to reach the JNPA terminal in a safe and timely manner. This accomplishment stands as a testament to the professionalism and expertise of the entire crew involved in navigating and managing the vessel's operations.

As a vital gateway for international shipments, JNPA plays a crucial role in strengthening global supply chains, and the arrival of MSC Hamburg further enhances the port's capabilitiesinmeetingthegrowingdemandsoftrade.

Expressing happiness over the development, Shri Sanjay Sethi, IAS, Chairman, JNPA, said, "We are delighted to announce the safe arrival of MSC Hamburg at our terminal. We are proud to

contribute to the global supply chain and play a pivotal role in facilitating trade across continents. This remarkable achievement symbolizes the strength of our maritime capabilities and available infrastructure tofacilitateseamlesstradeandcommerce.Thearrivalof the MSC Hamburg marks another significant milestone inourjourneytowardsestablishingJNPAasaglobalhub for maritime excellence. This achievement not only reaffirms our position as a key player globally, but also underlines our dedication to fostering strong partnerships and ensuring efficient operations. We look forward to further strengthening our collaboration with MSCandwelcomingmorevesselsofthiscalibertoJNPA inthefuture.”

IncommemorationofthecallofMSCHAMBURG,on behalf of Shri Sanjay Sethi, IAS, Chairman, JNPA and Shri Unmesh Sharad Wagh, IRS, Deputy Chairman, JNPA, the Deputy Conservator, JNPA, Shri Balasaheb PawarandGeneralManager(Traffic),JNPA,ShriGirish Thomas presented a plaque to the Master of MSC HAMBURG.

APM Terminals Pipavav : Commencement of Marine and Quay Operations from 17th June

PIPAVAV:APMTerminalsPipavavhasinformedthat it further see improvement in the weather conditions in around Pipavav Port and find it operationally feasible to berth vessels. “Thus, we are pleased to advise that APM Terminals Pipavav will commence marine and quay operations from 17th June’23, approx. 0030 hrs onwards.”

“The first container vessel (ONE Matrix) is planned for POB around 17/0030 hrs lt. As this is the heaviest vessel in the port line up, we expect it to be the most stable during the cargo ops. We shall observe ONE Matrix’s performance at the berth for 3-4 hours before bringing in the next container vessel (SCI Chennai) in the lineup around 17/0600 hrs lt. Thereafter we will resume the normal berthing operationsforthecontainervesselsintheline-up.

“Next vessels to berth would be the Ultratech Cement Carrier & the GP1 bulk carrier. All going well with these movements, we will take a call on the tankers & Ultratech bulk carriers sometime tomorrow during the day, of course weather permitting. Vessels shall continue to provide additional mooring ropes & tend to mooring continuously & diligently during her stay in the port. If required, offshore anchor could be used underfoot during vessel’s port stay after informing the portcontrol&gettingago-ahead.

“No maintenance to be carried out on vessel’s M/E during her port stay, same to remain on short notice. You are requested to communicate revised ETA of your vesselstotheHarborMaster/Planningwhowillthenadvise youoftentativeberthingschedule. Theportreservesright toamendberthinglineupwithoutpriorintimation.”

is399metersandherwidthis54meters.

DP World wins coveted Sustainabilty Award at UK’s Premier Logistics Event

DUBAI: DP World, a leading provider of global endto-end supply chain solutions, has won the prestigious ‘Sustainability Company of the Year’ award at the logisticsindustry’sflagshipeventintheUK.

The logistics business also picked up the ‘Port Company of the Year’ award for the second time in three years at Multimodal 2023, the industry's annual meeting place where cargo owners and shippers attend to find ways to improve their supply chains and discoverinnovativeideastosolvetransportissues.

Ernst Schulze, UK Chief Executive of DP World, said: “Our ambition is to become the most sustainable logistics business in the UK, and I am delighted that the judges have formally recognised the progress that we have made. We will mitigate the impacts of climate change by becoming a net zero logistics organisation by 2050 and continue to do everything we can to help customersontheirowndecarbonisationjourneys.”

“Above all, I’d like to thank the teams responsible for deliveringinitiativeslikeour55%reductioninnetcarbon emissions from fleet and installations at Southampton after we transitioned to Hydrotreated Vegetable Oil (HVO) and our £12m investment at London Gateway in the first all-electric fleet of straddle carriers to go into commercial operation at a port anywhere in the world. More initiatives will follow like our ‘Modal Shift Programme’, which increases the attractiveness of intermodal rail for customers through the use of financialincentives.”

Richard Ballantyne OBE, Chief Executive of the BritishPortsAssociation,whowasalsoajudgeatthis year’s Multimodal Awards, added: “The standard of

applications was outstanding and so it makes the company’s achievements all the more impressive. In particular DP World’s work in the environment has been cutting edge and was recognised with this year’s sustainabilityaward.”

“Indeed, its moves towards the electrification of port equipment and utilisation of low-carbon technologies, its modal shift freight rail programme as well as the implementation of a Hydrotreated Vegetable Oil fuel strategy at Southampton are all included as some of the excitingexamplesofgreatworkinthisfield.”

TheannualMultimodalAwardsrecogniseexcellence in air, road, rail, maritime, and freight forwarding services and are voted for by the thousands of readers of theMultimodalNewsletterandexhibitorsandvisitorsto Multimodal at Birmingham’s NEC. It styles itself one of thefairestindustryawardsascompaniesarenominated andvotedforbytheindustry,fortheindustrythroughan independentnominationandvotingsystem.

NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES NOTICE TO CONSIGNEES

The above vessels are expected / has arrived at NSICT/BMCT on above mentioned dates with Import Cargoes in containers.

Consignees are requested to obtain the Delivery Order by surrendering ORIGINAL BILLS OF LADING duly discharged on payments of relative charges as applicable within 5 days or else detention charges will be applicable.

Consignees will please note that the carriers of their agents are not bound to send individual notification regarding arrival of the vessel or the goods. For detailed information on cargo availability, please contact our office.

*Note: The importers having AEO status and those who are availing DPD facility for containerized cargo are allowed to pay Terminal Handling Charges (THC) directly to Ports/Terminal through their P.D Accounts. Upon making THC payment importers are requested to submit proof of payment duly stamped and acknowledged by Port/Terminal to Avana Global FZCO for issuance of Delivery Order (DO) without Avana Global FZCO’s THC Invoice and Receipt. Visit our Website : www.avanalogistek.com for Import Vessel arrival & IGM details

UNIFEEDER AGENCIES INDIA PVT. LTD.

As Agents of : UNIFEEDER FZCO

D:301-305, Level 3, Tower -II, Seawoods Grand Central, Plot No. R1, Sector 40, Nerul Node, Navi Mumbai 400706 • Email : dhirendra.singh@unifeeder.com

NOTICE TO CONSIGNEES

ZIM INTEGRATED SHIPPING SERVICES

m.v. “SYNERGY OAKLAND” V-14E I.G.M.No. 2346757 Dtd. 16-06-2023

The above vessel has arrived at NHAVA SHEVA (BMCT) on 19/06/2023 with Import Cargo in containers. ItemNos. B/L NOS.

267 ZIMUTRT0118446

Consignees are requested to obtain the 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 OCEANGATE CONTAINER TERMINAL PVT. LTD.

As Agents

ZIM INTEGRATED SHIPPING SERVICES (INDIA) PVT. LTD.

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

COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens,

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

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

AMI Intl. AMI Global U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

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

Safewater

TO

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

TO LOAD FOR U.K.,

TO

Log.

North Cont., Scandinavian & Med. Ports.

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

SCANDINAVIAN, RED SEA & MED. PORTS from GTI

from BMCT

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

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

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

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

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

Abbas.

Group Transworld Shpg. Jebel Ali, Bandar Abbas.

Emirates Emirates Shpg. Jebel Ali, Sohar.

Feeders Sea Consortium Jebel Ali, Bandar Abbas.

LMR Logistic Ser. Jebel Ali, Bandar Abbas.

QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas.

TO

TO LOAD FOR INDIAN SUB CONTINENT from GTI

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

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

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

17/0718/07 TBATBA Wide Alpha 236E

24/0725/07 TBATBA Ever Eagle 173E

CISC Service

PIL/ONE PIL India/One(I) —/—

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

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

TS Lines TS Lines (I)

Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2

Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

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

PORTS from GTI

(PS3 Service) 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 19/06 Hyundai Colombo 0132E P0492 274129-06/06 HMM HMM Shpg. Port Kelang, Singapore, Laem Chabang, Caimep, Kaohsiung, Seabird CFS

25/0626/06 TBATBA Hyundai Oakland 0123E P0558 274826-14/06 Maersk Line Maersk India Pusan, Indonesia, Thailand, Vietnam & Other Indland Destination. Maersk CFS

22/0723/07 TBATBA Hyundai Integral 0131E TS Lines TS Lines (I) Singapore, Pusan, Shanghai,Ningbo, Shekou & South East Asia Dronagiri-2

24/0725/07 TBATBA Hyundai Courage 0107E Far East & China Ports. China India Express Service (CIX/ICX)

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

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

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from NSFT

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

TO

FOR EAST, WEST & SOUTH AFRICAN PORTS from NSFT

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

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

Govt likely to come out with logistics cost estimate by Sept: DPIIT Special Secretary

Cont’d. from Pg. 3

At present, the Government is going by certain estimates, which suggest that India's logistics cost stands at about 13-14 per cent of the country's GDP (gross domestic product).

Special Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra said that the Government is coming out with its logistics cost framework. The framework would include elements of this cost and how to measure that. "So our framework is being done with the help of our technical partner and it's almost done. But then we have to calculate and I think by the month of

September, we will have realistic logistics costs in the country. We will define what are the components and we will have our own estimates," she said while speaking at CII's conclave ontradefacilitation.

Logistics cost plays a keyroleinfacilitatingtrade andenhancingthecompetitivenessof traders.TheDepartmentconducteda workshop in March on the logistics cost framework, and a task force was set up to formulate a framework to determinethecostintheCountry.

The task force members include representatives from Niti Aayog, the MinistryofStatisticsandProgramme

Implementation (MOSPI), the NationalCouncilofAppliedEconomic Research (NCAER), academic experts,andotherstakeholders. The Government has rolled out a national logistics policy and PM Gati Shakti initiative to boost the competitiveness of the industry and cutlogisticscosts.

India-US to soon ink agreement to expedite cargo clearances: CBIC Chairman Vivek Johri

NEW DELHI: India and US are in advanced talks for Authorized Economic Operators (AEO)-Mutual recognition agreement to expedite cargo clearances for which cabinet will soon discuss the proposal, CBICChairmanVivekJohri said.

“Cabinet will soon approve the AEO-MARagreementbetweenIndiaUS,” he said at the Trade Facilitation conferenceorganisedbyCII.

A

Johri said that under the agreement the AEOs of India will get the same benefits as those of US get andvice-versa.

The agreement will expedite the cargo movements in both countries. There are no pecuniary benefits howeverundertheagreement.

India, US have a preliminary agreement on this which will now needtobeimplemented.

3km rail track to link Dadri with Multimodal Logistics Hub

NEW DELHI: A detailed project report for a 3-km railway approach line connecting New Dadri Dedicated Freight Corridor station to the upcoming multimodal logistics hub of the Western Dedicated Freight Corridor has been approved by the Dedicated Freight Corridor Corporation of India Limited (DFCCIL).

The Rs 858-crore rail project, which falls under the framework of the DelhiMumbai Industrial Corridor, aims at establishing a multimodal logistics hub in Dadri and facilitating the seamless movement of goods and raw materials from Greater Noida to Gujarat, Kolkata andMumbaiwithin24hours.

Currently, in the absence of any such connectivity, it takes 4-5 days to ship the cargo. DFCCIL, which will develop the

track, will soon initiate the process of selectingacontractorbyissuingatender.

The multimodal logistic hub, situated across 823 acres in Dadri, is proposed to serve as a state-of-the-art freighthandlingunit.Tobedevelopedat an estimated cost of Rs 7,034 crore, the logistics hub will have advanced warehouses, custom clearance points, rail platforms, cold storage facilities, truck parking bays, and cargo separation areas. Its rail yard will have 16 platforms to allow industries to quickly upload or offload goods into freighttrains.

The Integrated Industrial Township Greater Noida Limited, which is developing the logistic hub with DMIC, is currently in the process of hiring a project consultant to oversee the tender preparation and

constructionmonitoring.

“Acquisition of land for the logistics hubprojectisalmostcomplete,”Greater NoidaCEORituMaheshwari,whoisalso the Managing Director of DMICIITGNL,said.

A multimodal transport hub (MMTH) is also set to come up near Boraki as a part of the project. Currently, the process to select a consultant for the project has been initiated.

The transport hub will integrate railway, bus stand and metro connectivity.TheGreaterNoidarailway terminalinBorakiontheDelhi-Howrah railway line is expected to alleviate pressure on existing terminals in Delhi and primarily cater to eastbound trains to eastern Uttar Pradesh, Bihar, WestBengalandotherStates.

UK removes countervailing tariff on steel bar, rod imports from India

NEWDELHI:TheUKGovernment has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said recently that its recommendation that

thecountervailingmeasureonimports ofstainless steel bars and rods from India be revoked has been agreed by the Government. The TRA concluded that although subsidised imports would continue from India if the countervailing measure were no longer applied, it is unlikely that

the UK industry would be injured if the measure was no longer in place. Trade association UK Steel said there is "minimal supply to the UK market of stainless bars and rods by UK producers and therefore very low risk of injury resulting from the removal of themeasure".

India already has inked a similar agreementwithKorea,hesaid.

NOTICE TO CONSIGNEES

m.v. “SYNERGY OAKLAND” Voy- 14E I.G.M.No. 2346757 Dtd. 16-06-2023

The above vessel has arrived at NHAVA SHEVA (BMCT) on 19-06-2023 with import cargoes from ports AKITA, BUSAN, BUSAN NEW PORT, CHIBA, CHONGQING (PORT), HONG KONG, HUANGPU (IN GUANGZHOU), JAKARTA, NAOETSU, NINGBO, OSAKA, PENANG, PORT KLANG NORTHPORT, SHANGHAI, SHEKOU, SINGAPORE, TAKAMATSU, WUHAN, YOKOHAMA, ZHENJIANG also transshipment cargo of following Ex. Mother vessels:

Item

Bills of lading Nos. are as mentioned below :

Consignees are requested to present Original Bills of Lading duly discharged and obtain Delivery Order on payment of all charges as applicable. Detention charges where applicable will be charged as per tariff.

Our Surveyors are M/s. Pinnacle Marine Surveyors Pvt Ltd. Usual Survey conditions shall apply

Consignees are also requested to note that the carriers and/or their Agents are not bound to send individual notifications regarding arrival of the vessel or the goods.

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

As Agents :

One International Center, Tower 3, 22nd Floor, 2202, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400 013, Maharashtra, India. E-mail : mumid@ekmtc.com

Cargo Traffic at Major Indian Ports rise 3.5% in May 2023 : IPA

NEW DELHI: Data released by Indian Ports Association (IPA) showed that cargo traffic at Major Ports registered a 3.5 per cent yearon-year growth in May 2023. According to the tentative data, the major ports handled 68.2 million tonnesofcargolastmonth.

The increase in cargo traffic was majorly led by the coal traffic. The ports handled 5.5 million tonnes of coking coal in the month of May, a growth of 35.5 per cent compared to the year ago period. Thermal and steam coal registered a 14 per cent yoy growth in traffic to reach 11.9 million tonnes. Overall, coal traffic rose by 20 per cent in May.

According to CMIE analysis, the month saw higher coal traffic due to increase in imports as the power ministry had asked power generation companies to ensure 6 per cent blending of imported coal. It added thatthedecisionwastakentoprepare for a surge in electricity demand due to prediction of harsher summer this year.

Coal traffic makes up for about 25 per cent of total cargo traffic at major Indian ports. CMIE said that government’s advice to thermal power plants and coal mines to use the rail-sea-route for transporting coal in India also led to an increase of trafficatmajorports.

However, CMIE predicts that the

year-on-year coal traffic growth at major ports will fall in June. It is expectedtoriseby14percent,aslight decline from the 20 per cent growth seenlastmonth.

Apart from coal, traffic of containerised cargo, iron ores and finished fertalisers posted a year-onyear growth in May. Petroleum, oil, and lubricants (POL) traffic declined by2.9percentatmajorports.

Despite Cyclone Biparjoy and closureoffewportsalongtheWestern coast of the Country, CMIE predicts that the positive momentum in growth of cargo traffic will continue this month. The agency predicts that cargo traffic will grow by 5 per cent in June.

India, Africa can double trade to $200 billion: Piyush Goyal

NEW DELHI: Commerce and Industry Minister Piyush Goyal has said India and Africa can double the bilateral trade to $200 billion by 2030. At a Conclave, he also said that India can look for negotiating a free trade agreement with Africa to further strengtheneconomictiesandthatthe two "have not reached our true potential".

Goyal suggested sharing renewable energy between India and

Africa. "If we were to create an interconnectedbridgebetweenAfrica and India, partially through overline, over the ground, partially, it will also be under the ocean and we could transmit clean energy, renewable energy from Africa to India particularly during our peak hours, and from India to Africa in our nonpeakhours,"hesaid.

Goyal also offered to partner with Africa in the digital public

infrastructure space. He mentioned UPI,Covidapponhealthcareandone nation-one ration card. He extended help to develop an open network for digitalcommercetohelpdemocratise ecommerce, so that local people and entrepreneurs do not lose out on opportunitiesofecommerce.

Goyal said India works as a friend and brother with Africa and does not "take over"assets like power transmissionlinesandports.

After India’s goods exports, services exports now showing weakness : Nomura

TOKYO: The reduction in discretionary tech spending by companies in the US and other Western countries is starting to affect the services exports of India, accordingtoNomura

Growth of services exports has fallen to 0.7 percent year-on-year (YoY)inMay—whichisa28-month low — from 7.4 percent YoY growth in April and 26.7 percent YoY increaseinFY23.y

The brokerage’s analysts peg this to “weak external demand” spreading now to the services sector, after affecting demand in goodsexports.

“While an updated sectoral breakup of services exports is not yet available,datauptoQ42022indicated that the post-pandemic improvement in services exports was driven mainly byITservices,butwasalsosupported by stronger professional & consulting services,”wrotetheanalysts.

“We believe the ongoing moderation reflects cutbacks in discretionary tech spending by Western firms in the BFSI (banking, financial services and insurance) and retail verticals,” they added.

According to Nomura’s analysts, the structural drivers of India’s services exports remain intact. The currentslowdownis“likelycyclical”.

They pointed to how it could affect thelocaleconomy.

“A slowdown in services exports could weaken urban consumption, as the IT sector is an important generator of employment. However, the balance of payments impact should be manageable, as services imports will also likely slow,” theywrote.

“We expect the services trade surplus to rise by 4 percent YoY in FY24 from 32.8 percent in FY23,

butthecurrentaccountdeficittostill narrow to 1.4 percent of GDP from 1.8percentinFY23,”theyadded.

Good exports still remain in contractionary territory, but its de-growthhassloweddown.

“Merchandise export growth contracted by 10.3 percent YoY in May, improving from -12.5 percent in April, in line with our expectations,”wrotetheanalystsin anearlierreport.

The slowdown in oil exports deepened in May, but core exports improved to -4 percent YoY from9.2 percent in April, with sequential momentum picking up to 2.3 percent MoM (month-on-month, sa) from -1.2 percentinApril.

“Our proprietary indicator – the Nomura India Normalisation Index (NINI) for trade, which excludes base and seasonal effects – shows exports largely remained flat in May at 30 percent above pre-pandemic levels. Our price volume analysis suggests that on a 3-month rolling sum basis, both prices and volumes continue to contract, although a larger share of the under performance in core exports is driven byprices,”wrotetheanalysts.

m.v. “COSCO THAILAND” V-093W I.G.M.No. 2346804 Dtd. 16-06-2023

The above vessel is arriving at NHAVA SHEVA (BMCT) on 20/06/2023 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. LTD.

As

:

NOTICE TO CONSIGNEES

m.v. “SYNERGY OAKLAND” V-14E I.G.M.No. 2346757 Dtd. 16-06-2023

The above vessel has arrived at NHAVA SHEVA (BMCT) on 19/06/2023 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. LTD.

As Agents :

Exports decline 10.3% to $35 billion in May, trade deficit at 5 month high

NEW DELHI: A slowing world economyhasledtoexportsfromIndia decliningforthefourthmonthinarow to nearly $35 billion this May, down 10.3% from $39 billion in the same period last year, widening the trade deficit to a five month high of $22.1 billion.

However, a continuing decline in imports for five months in a row to $57.1 billion this May — compared to $61.1 billionlastMay— prevented the trade deficit from expanding at a fast clip.

According to the data released, on

the exports side, commodities that sawanincreaseinAprilandMay2023 over the same months last year included electronic goods, rice, pharma and spices. While petroleum products, gems & jewellery, engineering goods, and chemicals sawadeclineinexportsinthisperiod. Smartphone exports have seen a sharp rise, more than doubling from $498 million last April to $1,068 million thisApril.

On the import side, machinery, electronic goods, iron & steel and pulses saw an increase in April May

2023 over the same period last year. Petroleum products, gold, coal, chemicals and precious stones saw a decline in imports. India is hoping for a rapid economic recovery in the slowingdevelopedworldwhichareits majorexportmarkets.

“The DPIIT, Commerce Ministry, Invest India and Indian missions abroad will work together to focus on 40 key countries (including the US and the EU) as they account for 85% of our total exports,” Commerce Secretary Sunil Barthwal said.

Global situation led to a fall in overall May 2023 exports : FIEO

NEW DELHI: Responding to the May exports figures, Dr A Sakthivel, President, FIEO said that the sharp decline in the international demand situation has led to the fall in overall exports. With major economies including US and China showing downward trend in exports, along with the Eurozone entering into technical recession after the region shrank by 0.1% in Q1 2023, marking two consecutive quarters of contracting GDP. The slowdown comes in wake of higher energy prices contributing to curbing demand in Europe's largest economy and surging inflation, added Dr Sakthivel. One of the reasons for moderating pace of growth in merchandise exports significantly in 2023 has been because of persistent geopolitical tensions, monetary tightening and recessionary fears

which has continuously led to a fall in consumer spendings across the globe especially in advanced economies, reiteratedFIEOPresident.

FIEO Chief added that we hope that exports will start showing better growth numbers starting July, 2023, as things are expected to improve from Q3 of the Calendar year, with fresh orders or order bookings for festival and New Year season beginning to come. Some of the key sectors which have shown positive growth during the month of May 2023, include electronic goods, ceramic products & glassware, drugs & pharmaceuticals, iron ore, fruits & vegetables, oil meals, oil seeds, cashew, spices, tobacco, other cereals, rice, tea and coffee. FIEO Chief said that though the decline in imports is a good sign for the country,

however, that has also led to degrowth in our key export sectors like petroleum products, gems & jewellery, organic & inorganic chemicalsetc.

FIEOPresidentfurtherreiterated that the need of the hour is to provide further momentum to the economy through easy and low cost of credit to the MSMEs, a very-long pending demand of the exporting community of marketing support for further promoting Brand India products and services globally and GST exemption on Freight on exports. Besides, the interest equalisation support across all sectors of export and 3-6 months transition period may be provided, whenever a major change is notified in the Foreign Trade policy, which will provide much needed cushion during suchtoughandchallengingtimes.

India's merchandise import jump in May signals stable local economy: Economists

MUMBAI: A sequential increase in merchandise imports in May that led to the trade deficit widening to a five-month high signalled a stable localeconomy,economistssaid.

Merchandise imports advanced 14.5%overthepreviousmonthto$57.1 billion, while exports inched up 0.7% to$35billion.

The merchandise trade deficit widened to $22.1 billion in May from $15.1 billion in the previous month. "The recovery in imports points to domestic demand resilience," said Madhavi Arora, lead economist at EmkayGlobal.Aroraalsopointedtoa seasonal trend, citing a typical

increase in imports in May after a slumpinthepreviousmonth.

Gold imports more than tripled to $3.7 billion - the highest level since October. Oil imports climbed 3%, while core imports, barring oil and gold,advanced12.1%.

Imports of industrial goods such asmachinetoolsandconsumergoods like electronics grew at a robust pace, indicating resilience in domestic demand, said Rahul Bajoria, Chief IndiaEconomistatBarclays.

Fertilizer imports also jumped significantly ahead of the kharif sowingseason,Bajoriaadded.

Economists, however, do not see

thewidermerchandisetradedeficitin May swaying expectations of a manageable current account deficit inthisfinancialyear.

"Falling commodity prices, an expandingservicestradesurplusand rising remittances have supported the improvement in external metrics so far," said Bajoria. "This year, a slowing global economy implies commodity prices will trend lower on average compared with the previous year."

Arora sees the current account deficit settling at 1.9% of the gross domestic product in this fiscal year endingMarch31.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S

TIDE 19/06/2023

VESSELS IN PORT & DUE FOR EXPORT

VESSELS IN PORT & DUE FOR

GENERAL CARGO VESSELS

SHIPS SAILED WITH NEXT EXPORT

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL (AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

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

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

TERMINAL

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA

PORT

OTHER PORTS OF GUJARAT

JAMNAGAR (BEDI) PORT

(As on 19-06-2023)

NB The data in this Daily pertaining to Ports Information is received by us, sometimes even at the eleventh hour by telephonic messages from the concerned Steamer Agents. Therefore, there is every likelihood of last minute change in the data published the Management of

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSFT

NSICT

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

NSIGT

Vessel Name (Voy) Sailing Dt. Next Port

BMCT

17-06-2023 Pipavav

ALS Clivia (V-324E) 18-06-2023 Pipavav

Xin Yan Tian (V-078W) 19-06-2023 AICT

Seamax Westport (V-087E) 13-06-2023 Pipavav

Hyundai Tokyo (V-0144E) 14-06-2023 Hazira

TRF Partici (V-23W) 14-06-2023 Colombo

CMA CGM Pegasus (V-OPEG6PW1) 15-06-2023 ACMT

Interasia Enhance (V-E02) 15-06-2023 MICT

BFAD Atlantic (V-2SENSI) 15-06-2023 ACMTPL

Wan Hai 307 (V-E425)

X-Press Odyssey(V-23003E)

Wadi Bani Khalid (V-2308E)

Jebel Ali MSC Genova (V-IW323A)

X-Press Altair (V-23021)

Sanjam Sahi Gupta addresses Gender Equality and ‘Breaking The Glass Ceiling’ at G20’s Womens’ Summit W20

MAHABALIPURAM: Sanjam Sahi Gupta, a distinguished advocate for gender equality, was honored to speak at the highly anticipated W20 Summit, held in conjunction with the G20 summit. The W20 event, which focused on promoting gender equality with the principle of 'Leave No Women Behind,' brought together influential leaders, policymakers, and delegates to discuss strategies foradvancingwomen'srightsworldwide.

The panel discussion that Ms. Gupta was invited was titled"CalltoAction-BreakingtheGlassCeiling."Thepanel aimedtoaddressthenumerousbarriersthatwomenfacein attaining leadership positions and to explore actionable stepstowarddismantlingtheglassceilingforallwomen.

She also spoke about the Maritime SheEO’s Leadership AcceleratorProgram,andhowwiththesupportofIMO,she has been able to help 90+ women in leadership so far excel intheircareers.

The distinguished panel consisted of the following accomplishedindividuals:

• Bharati Ghosh, Former Indian Police Official, AwardwinningUNofficial,andNationalSpokespersonforBJP

• K. Ratnaprabha, Founder President, Ubuntu Consortium - A platform for Women Entrepreneurs Associations, Retired IAS and Former Chief Secretary ofKarnataka

• Dr. Nursem Keskin Aksay, Asst Prof, Ibn HaldunUniversity, Department of Sociology, Executive Board Member, KADEM, W20 Head of Delegation, Turkey

• Adriana Caravalho, CEO of Generation Brazil and Co-Head,W20Brazil

The panel discussion was expertly moderated by Prof. Dr.Neeta Inamdar, Jean Monnet Chair, HeadManipalCentreforEuropeanStudies,MAHE,India.

During the panel, Ms. Gupta shared valuable insights, experiences, and strategies on breaking through the barriers that hinder women's advancement, with a particular focus on the maritime industry.

The W20 works collaboratively with stakeholders, including grassroots level rural and urban women, G20 delegates, policymakers, and other engagement groups. Additionally, the W20 engaged with organizations from G20 countries to develop policy recommendations that were directly submitted to G20 leaders for consideration. Its primary objective was to play a crucial role in economically empowering women worldwide, addressing the gender pay gap, and fostering a more equitablesociety.

As an advocate for gender equality and a firm believer inempowering women,

Sanjam Sahi Gupta was humbled to

have been part of this essential discussion. Addressing the challenges that women face on their professional journeys and creating an environment where they can thrive and excelwasparamount.

Sanjam Sahi Gupta expressed gratitude for the exceptional opportunity to contribute to the global conversation on gender equality at such a prestigious platform.Byworkingtogether,wecancreateafuturewhere everywomanhasequalopportunitiesforsuccess,breaking downbarriersandempoweringwomenworldwide.

MSC crowned 'Sea Freight Company of the Year' at 2023 Multimodal Awards

GENEVA: MSC has been crowned ‘Sea Freight Operator of the Year’ at the 2023 Multimodal Awards,whichrecogniseexcellence in air, road, rail, maritime, and freightforwardingservices.

This award is particularly special as it’s voted for independently by customers, and we would like to take this opportunity to thank all those that tookthetimetovoteforus.

Dan Everitt, Managing Director of MSC UK commented: "This award honours the hard work and dedicationofourteamsinprovidingbest-in-classservice to our customers, and we are very proud of them.

We value the feedback we receive from our customers and are incredibly humbled to be awarded thisaccolade."

The awards evening took place on Tuesday 13th June at the VOX at theNEC,Birminghamaspartofthe transport, logistics and supply chainevent,Multimodal.

Dan continued: “I am delighted notonlyfortheteamhereintheUK, but for all MSC employees around the globe, uniting to provide our customers the very best service. A special thanks to our global leadership and of course the Aponte family, without whose continued investment, expertise, andsupport,thiswouldnothavebeenpossible.”