MUM-20-07-2023

Adani Ports aims to boost cargo volumes to 1 billion tonnes by 2030 : Karan Adani

AHMEDABAD: Adani

Group’s biggest revenue contributor, Adani Ports and Special Economic Zone Ltd. (APSEZ), intends to become

the world’s largest port company, augmenting its annual cargo volumes to 1billiontonnesby2030from340milliontonnes now, said the company’s CEO Karan Adani inthelatestannualreport.

Höegh Autoliners expands its eet with 4 more Aurora-class vessels

OSLO: Höegh Autoliners ASA is pleased to announce thatithasexercisedtheoptiontoconstructadditionalfour (4) new multi-fuel and net zero carbon ready Aurora class vessels. Höegh Autoliners will have the option to convert one or more of these vessels to ammonia propulsion as soonasthetechnologyisavailable.Thisbringsthenumber of total vessels under the newbuilding program to twelve (12) vessels, all of which will be built by China Merchants Heavy Industry (Jiangsu) Co., Ltd (CMHI). The first of the 12 vessels are scheduled to be delivered in July 2024. The Company has an option to build another four vessels (vessels 13-16), as well as slot reservations for additional fourvessels(vessels17-20).

The Aurora-class vessels have attracted significant interest from credit providers, and the Company will finance the newbuilds by a combination of equity (cash) from own operation and debt. Höegh Autoliners is actively exploring various financing alternatives and

Mr. KaranAdani

anticipates having committed financing in place before yearend

World's Largest Container Ship, MSC MICHEL CAPPELLINI, named at 800-Guest Event in Bremerhaven

Adani Ports aims to boost cargo volumes to 1 billion tonnes by 2030 : Karan Adani

Cont’d. from Pg. 3 While addressing APSEZ’s shareholders in the annual report, Karan Adani said the company plans to evolve from port intermediation to doorstep delivery, which may get APSEZ a larger pie of customers’ logistics spending and subsequently lead to annuityincomes.

APSEZ, which has a market capitalization of Rs. 1.57 trillion, will gradually build its port interests outside India, said Karan Adani. However, he noted that investments outside India are more likely to be in operationalportsandwithalimitedequityexposure.

“Theportsbusinesscontinuedtobeapillarofstrength on all fronts. APSEZ continues to be amongst the most profitable port operators globally with port EBITDA margin of 70% – and, by 2030, we intend to be not only the most profitable port company in the world but also India’s

largest transport utility capable of handling a billion tonnesofcargoannually,”saidGautamAdaniinaseparate address to the shareholders of the group’s listed flagship AdaniEnterprisesLtdonTuesday,18thJuly.

Gautam Adani said that the acquisition of Haifa Port in Israel will allow Adani Group to connect its ports across the Indian Ocean and the Mediterranean, giving the group a strategic position to capitalize on the growth ofbothIndiaandthewiderregion.

On 3 July, Adani Ports said it handled 101.4 million metric tonnes (MMT) of cargo during the first quarter of FY24, a 11.5% year-on-year jump as compared to the same period in the previous fiscal. “Growth observed across most ports and all three broad cargo segments –Container +19%, Liquids & Gas +8%, and Dry Bulk +7%,”thecompanysaid.

InJunealone,AdaniPortshandled32.8MMTofcargo including1MMTattheHaifaPort.

IMO appoints new Secretary-General

LONDON: The International Maritime Organization (IMO) Council has appointed Arsenio Antonio Dominguez Velasco of the Republic of Panama,foraninitial4-yeartermasthe nextSecretary-General.

Valesco will start his tenure as of 1 January 2024, subject to the Assembly’sapproval.

The decision was cast via a secret ballot carried out today as part of the 129th session of the Council of the IMOtakingplacefrom17thtothe21stofJuly2023.

Seven member states of the IMO had nominated candidatesforthepostofSecretary-General,astheterm of the current incumbent, Kitack Lim of the Republic of Korea,issettoexpireonDecember31,2023.

The seven nominees were Moin Uddin Ahmed of Bangladesh, Suat Hayri Aka of Turkey, Arsenio Antonio Dominguez Velasco of Panama, Cleopatra Doumbia-Henry of Dominica, Nancy Karigithu of Kenya, Minna Kivimäki of Finland,andZhangXiaojieofChina.

The new Secretary General of the IMO will have a

massive responsibility in steering the industry forward, especially on the heels of the new targets agreed under the 2023 Strategy on the Reduction of Greenhouse Gas Emissions from Shippingjustoveraweekago.

“It has been a great pleasure and privilege to work with Kitack Lim over the past eight years. Kitack steered the International Maritime Organization (IMO) successfully through challenging times, calmly and with direction, and everyone at the International Chamber of Shipping wishes Kitack every success in his future endeavours,” Guy Platten, Secretary General of the International ChamberofShipping, said.

“We look forward to working with Mr Arsenio Dominguez (Panama), and know that Mr Dominguez will lead with equal measures of authority, purpose and compassion. The position of IMO Secretary General is not an easy one, and there are undoubtedly challenges ahead as the industry strives to meet the 2030, 2040 and 2050 targets, but it will be a pleasure to tackle these challenges head on with Mr Dominguez for a better and safer future for our industry and its people.”

Maersk opens its first own warehouse in Croatia

RIJEKA: Maersk, global provider of integrated logistics solutions, strengthens its footprint in Croatia with the opening of its first own multi-customer warehouse in the country. Located less than 20kilometersfromtheportofRijekainthenorthernpart of the country, it ensures fast delivery times and efficient cargohandling.

This modern 12,000 sqm facility is another link in Maersk’s global network of 473 warehouses across all continents for resilient and flexible end-to-end supply chain solutions offered to customers. The warehouse became operational with global retail brand Maersk & Spencerasitsfirstcustomer.

“We we are very proud to launch our first own warehouse and enhance our logistics offering on the

Croatian market. Our strategy of providing integrated logistic solutions gets further reaffirmed and we look forward to the new opportunities this will bring to our customers”, shares Ivić Vodopija, East Adriatic and CentralEuropeCountryManageratMaersk.

The new warehouse is a Class A type, with high security standards and is designed to minimise greenhouse gas emissions thanks to features like solar roof or LED lights reducing energy consumption. The facility has flexible pallet capacity and offers end-to-end solutions including Customs services, as well a wide range of additional valueadding services available. Additional benefit is the proximity of the future deepwater terminal, Rijeka Gateway.

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North Cont., Scandinavian, Red Sea & Med. Ports.

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20/0721/07 20/07 1600 Interasia Elevate E025 P0717 276350-06/07 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 27/0728/07

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02/0803/08 Morning Calm 168 Eukor Car Carr Parekh Marine Singapore.

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m.v. “ESL NHAVA SHEVA” V-2326E IGM No. 2349721 Dtd. 19-07-2023

The above vessel is arriving at NHAVA SHEVA (BMCT) on 21-07-2023 with import cargoes from ports AKITA, BELAWAN, BUSAN, BUSAN NEW PORT, DALIAN, HAIPHONG, HONG KONG, INCHEON, IWAKUNI, KAOHSIUNG, KOBE, KWANGYANG, LIANYUNGANG, MIZUSHIMA, MOJI, NAGOYA, NAOETSU, NIIGATA, NINGBO, OSAKA, PORT KLANG WESTPORT, QINGDAO, SHEKOU, SINGAPORE, TOKYO, TOYAMASHINKO, ULSAN, XINGANG, YOKKAICHI, YOKOHAMA also transshipment cargo of following Ex. Mother vessels:

Commerce Ministry looking at fixing export target in a range for this fiscal

NEW DELHI: With the increasing global economic uncertainties, the commerce ministry is looking at fixing this fiscal year’s export target inarangeinsteadofasinglefigure,an official said. To set the target range, a detailed study on 200 countries and 31 commodity groups is in the process,theofficialsaid.

The target range would depend on parameters such as the USD 1 trillion merchandise exports target by 2030; import to GDP ratio of importing countries;exporttoGDPratioofIndia that will tell the potential and past trends.

”We are not fixing any export targetasafigure.Infact,myteamhas done an exercise, where we are saying that let us talk in terms of range. In the best scenario, the

exports can be this much and in the worst scenario, it can be this much,” theofficialsaid.

For a monitoring purpose of exports every month, the official said afixednumberwouldberequiredand that could be a mid-value or an averagemaybeaccepted.

The Ministry has though fixed an internal target which has been to export promotion councils and Indian missionsabroad.

”But we will take some more time before we will come up with our exports targets because based on the current trends, it cannot be right on our part to fix those targets as of now, so we are waiting and watching,” the officialadded.

A trade expert said that in 2022-23, India’s merchandise exports were

USD 450 billion, so the lower band of new target range could be USD 451 and even if one assumes a 10 per cent growth in 2023-24, then the upper band of the range could be aroundUSD495billion.

In April this year, apex exporters body Federation of Indian Export Organisations (FIEO) said that they are targeting to take the shipments to USD 500-510 billion during the currentfinancialyear.

India’s exports contracted by 22percent,thesteepestdeclineinthe lastthreeyears,toUSD32.97billionin June on account of global demand slowdown, especially in the Western marketsliketheUSandEurope.

Cumulatively, exports dipped by 15.13 per cent to USD 102.68 billion duringApril-Junethisfiscal.

Iran-Russia mulls forming shipping firm that could complement INSTC

NEW DELHI: Iran and Russia are mulling to form a shipping firm that could complement INSTC that connectsIndiawithRussiaviaIran.

Iran’s Ambassador to Russia Kazem Jalali recently stated that authoritiesinTehranandMoscoware exploring the formation of a cooperative shipping firm as part of efforts to strengthen strategic cooperation.

“There is a need to reinforce our ports; there is a need to strengthen theshippingfleet.

Even to create a joint shipping company. I just had a conversation with First Deputy Prime Minister of Russia Andrey Belousov.

Iran’s Minister of Transport also discussed this topic with him. Our Russian counterparts welcomed the creation of a joint shipping company,” theIraniandiplomatstressed.

He stated that “countries need to develop ports and link them like railroads. The potential for freight shippingishugethere.”

Moscow and Tehran are collaborating on a number of fronts to promote bilateral commerce, hasten development of transport links including the International NorthSouth Transit Corridor and its Caspian Sea component, and integrate their banking systems to make it easier to conduct financial

operations. Recently, Iran-IndiaRussia held a high level meeting on smoothimplementationofINSTC.

The move comes as Iran and Russia prepare to conclude a longterm strategic cooperation deal, which will open up several new areas forcollaboration.

Trade exchanges between the two nations quadrupled in 2022. Russia became Iran’s biggest foreign investor during the Iranian calendar year that ended in March with investmentstotaling$2.76billion.

IranandIndiaarealsofocusingon full optimization of the Chabahar Port that would also boost connectivity to CentralAsia.

BRICS Alliance : 3 major countries all set to join in August

SHANGHAI: The BRICS Alliance have a busy month ahead of them. The Annual BRICS Summit is scheduled for the opening week of August. Many things will be on the agenda for discussion, including a newcurrency,Russia’scurrentwarin Ukraine,andexpansion.

Many countries globally have filed applications to join BRICS, with others sharing an interest in joining or participating in BRICS’ New Development Bank. Here are three of the new likely countries to jointheBRICSAlliancethisAugust.

1.Argentina

Argentina has taken significant strides toward joining BRICS. In particular, Argentina has pushed de-dollarization efforts, by ditching the US Dollar for the Chinese Yuan.

Last month, the country was reportedlytoldbytheNDBwouldvote on the country’s introduction into the bankinAugust.

Argentina may be one of the favorites to join Brazil as the only two South American countries in BRICS. We’ll have to wait to hear about the votes and find out if Argentina is in orout.

2.Iran

Al-Monitor reported last month that Iran was in attendance at a BRICS foreign ministers meeting in Cape Town, South Africa. They too have taken steps toward joining BRICS, including submitting an official application. Additionally, the Chinese ambassador to Iran, Chang Hua, said that China supports Iran’s entry into the BRICS bloc.

Hence, Iran already has a foot in the dooroftheBRICSAlliance.

3.UnitedArabEmirates

The UAE’s inclusion in BRICS expands the alliance’s economic potential giving power to challenge the U.S. dollar. The UAE is a significant economic player in the Gulf region and boasts a diversified economy. The economy is built by sectorslikeoilandgas,finance,trade, tourism,andlogistics.

The UAE is easily a favored nation to join BRICS+ upon potential expansion in August, alongside Iran and Argentina. With these three countries set to potentially join the alliance, BRICS will grow its power and influence in the world and may achieve its goal of de-dollarization soonerthananticipated.

NOTICE TO CONSIGNEES

m.v. “ESL NHAVA SHEVA” V-2326E IGM No. 2349721 Dtd. 19-07-2023

The above vessel is arriving at NHAVA SHEVA (BMCT) on 21-07-2023 with import cargoes from ports AKITA, BELAWAN, BUSAN, BUSAN NEW PORT, DALIAN, HAIPHONG, HONG KONG, INCHEON, IWAKUNI, KAOHSIUNG, KOBE, KWANGYANG, LIANYUNGANG, MIZUSHIMA, MOJI, NAGOYA, NAOETSU, NIIGATA, NINGBO, OSAKA, PORT KLANG WESTPORT, QINGDAO, SHEKOU, SINGAPORE, TOKYO, TOYAMASHINKO, ULSAN, XINGANG, YOKKAICHI, YOKOHAMA.

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609 MELS23044969

610 ZIMUNYC9044787

611 ZIMUORF954851

612 ZIMUORF956113

613 ZIMUORF956236

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614 ZIMUSYD000023998

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ADB keeps India's FY24 growth forecast at 6.4% banking on demand strength

MANILA:TheAsianDevelopment Bank (ADB) has retained forecast for India's economic growth at 6.4 per cent for this fiscal year and 6.7 per cent for the next, as it's bullish that robust domestic demand will continue to support the region's recovery.

In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to ease, approaching pre-pandemic

levels as fuel and food prices decline. It forecast 3.6 per cent inflation this year for developing economies in Asia,and3.4percentin2024.

The Indian economy grew 7.2 per cent in the 2022-23 fiscal ended March 2023. "Asia and the Pacific continues to recover from the pandemic at a steady pace," ADB ChiefEconomistAlbertPark said.

"Domestic demand and services activity are driving growth, while

many economies are also benefiting from a strong recovery in tourism. However, industrial activity and exports remain weak, and the outlook for global growth and demand next yearhasworsened,Parkadded.

In April, the ADB had projected that India's economic growth is expected to moderate to 6.4 per cent in the current financial year due to tight monetary conditions and elevatedoilprices.

Sustained demand from 3PL, automobile and e-commerce sectors to support warehousing leasing; occupancy to remain at 90%: ICRA

MUMBAI: ICRA estimates the industrial and warehouse logistics park (IWLP) supply to grow by 13-15% YoY in FY2024 in the eight primary markets[1] to around 435 million sq. ft., with nearly 52% share of Grade A capacity, while the incremental absorption is estimated to remain at FY2023 levels of around 39 million sq ft. The warehousing sector continues to witness a sustained demand from the third-party logistics (3PL) and automobile sectors, which together accountedfor~53%ofthetotalleased warehousing area in ICRA’s sample[2] as on March 2023. Additionally, the rapid expansion of new-agesectorslikee-commerceand allied services, growing needs of the massive consumption market, and the Government’s focus on Make-inIndiaandthePLIschemespromoting manufacturing have further boosted warehousing demand. The credit profile of warehousing operators is expectedtoremainstable.

Giving more insights, Mr. Tushar Bharambe, Assistant Vice President and Sector Head, ICRA, said: “ICRA expects the Grade A warehousestockfortheeightprimary markets to grow at 17% YoY to 195 million sq. ft. by March 2024 from 167 millionsq.ft.asofMarch2023.Forthe

incremental Grade A supply addition of 28 million sq ft in FY2024, the absorption is estimated to be around 24 million sq ft. Over 30% of the current Grade A stock in India is backed by the global operators /investors such as CPPIB, GLP, Blackstone, ESR, Allianz, GIC, and CDC Group etc. The long-term growth prospectsfortheGrade-Awarehouses are supported by the increasing focus of the end-user industries on improving operational efficiencies. The 3PL and the automobile sectors, which accounted for around half of the occupied warehousing area as on March2023,areestimatedtogrowat89% and 6-9% respectively in FY2024. Warehousing demand is further expectedtobesupportedbytherapidly expanding e-commerce sector with estimated growth rate of 30% in FY2024.”

The top five markets namely, Mumbai, NCR, Pune, Chennai, and Kolkata, accounted for 75-78% of total IWLPstockinIndiaasonMarch2023, whiletheoveralloccupancyremained healthy at around 90%. As on March 2024, Mumbai and NCR are expected to account for nearly 50% of the total stock. Notwithstanding the favourable growth prospects, the steep increase in land prices poses a challenge for the players as commensurate increase in rental rates would be constrained by the

highly competitive nature of the industry, resulting from the presence of many domestic and global players in the sector and emergence of new micro markets. As per ICRA estimates,theequityIRRexpectation of a minimum 15% can be met at rentals of Rs 22 per sq ft per month and above, when the land cost ranges between Rs 1 to 1.5 crore/acre. AnincreaseinlandcostbeyondRs2.5 crore per acre, would require rentals upwards of Rs 26 per sq ft per month to achieve the equity IRR of 15%. ThecurrentaveragerentalsforICRA’s sample set stand at Rs 24 per sq ft per month, which makes aggressive landacquisitionsunviable.

Commenting on the outlook for FY2024, Mr. Bharambe added: “The credit profile of warehousing operators is expected to remain stable, driven by healthy occupancy levels, expected rental escalations resulting in increased rental income and comfortable leverage metrics. For ICRA’s sample set, the occupancy levelsareestimatedtoremainhighat 95% in FY2024, while the rentals are expectedtoincreaseby5%inlinewith the contractual escalation in lease agreements. The leverage measured bydebt/netoperatingincome(NOI)is expectedtoremaincomfortablyinthe range of 5.5-6 times in FY2024, improving from 6 times in FY2023 on thebackofincreaseinNOI.”

India to lift 20% retaliatory duty on Washington apples

NEWDELHI:Indianscanagaingorge on Washington apples, as the retaliatory tariff of 20% imposed by the Indian Government on this red, juicy variety of the fruit four year ago during the Trump eraissettogobytheendofSeptember.

Washington apples currently attract an import duty of 70%, compared with 50% on apples imported from Iran and Turkey. The higher duty, and the resultant increase in the price, had

resulted in steep fall in its imports. Meanwhile, the possibility of Washington apples flooding the market hasirkeddomesticapplegrowers.

"The Government on June 22 had indicated to do away with the 20% retaliatoryimportdutythatwasimposed during the Donald Trump regime, and it willbecomeeffectivewithin90days,"said Sumit Saran, the India representative of the Washington Apple Commission.

"Washingtonapplegrowershavealready started cultivating more apples for the Indianmarket."

Before the imposition of the tariff, India used to import 7 million boxes, each weighing 22 kgs, of Washington apples.

Washington apples are imported between September and February, when the Indian crop comes to an end, headded.

Warehousing supply in the eight primary markets esmated to grow by 13-15% YoY in FY2024

NOTICE TO CONSIGNEES

m.v. “EVER URSULA” V-12/E IGM NO. 2349626 Dtd. 18/07/2023

The above vessel is arriving at BMCT on 21/07/2023 with Import Cargo in containers.

599 LNLUJOR8047534

600 PKGNSV2307001

601 MEGANHV5447

602 LNLUPKL8121023

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608 LNLUJOR8047558

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Principal Secretary for Industries inaugurates Telangana's 1st Multi-Product Logistics park by MPL Group

HYDERABAD: Principal Secretary for Industries & ITE&C, Shri Jayesh Ranjan laid the foundation stone for MPLGroup's1stinvestmentinIntegratedLogisticssector in Chityal, Nalgonda. MPL Group, deep-rooted in Telanganasince1959with8SteelManufacturingunitsand employedover17500directly&indirectly,willbesettingup a Multi-Product/Multi-purpose Logistics Park with an investment of INR 750 Crs and employment potential of 2750.ThisLogisticfacilityisspreadover50Acresandhasa railwaysidingtoatuneof2000meters.

Situated strategically towards eastern side of Hyderabad, this facility is just 60 Kms away from ORR and 20km from the proposed regional ring road. The facility spans a range of innovative features, designed to streamline supply chain operations and accelerate regional trade. The facilities include a Provate Railway Siding connecting to the main truck line, cold chain

Bangladesh biggest receiver of India’s infra project exports

MUMBAI: The Export-Import Bank of India is the foremost lending institution giving heft to India’s infrastructurediplomacyinSouthAsiaregionandglobally. Export-ImportBank.

Of all the neighbouring countries, Bangladesh has emerged as the major partner with which India’s infrastructure development engagement has broadened both in terms of finance and nature of projects, according to N. Ramesh, Deputy Managing Director, Export-ImportBankofIndia.

“Bangladesh, amongst South Asian countries, has the highest level of exposure. Around $7.9 billion (LOCs) is whatwehavetoday,”saidRamesh.

In recent years, the focus has been on power generation and power transmission lines as well as development of a nuclear power plant where Russian entitiesarealsoengaged,saidRamesh.

“The biggest project that we have supported is in Bangladesh, that is the power plant, a joint venture of the Bangladeshi power generating company and NTPC. We are looking at adding huge capacity or generating capacityinBangladeshandthefinancingisdonebyIndia,” saidRamesh.

The eastern neighbour is very important from a connectivityandstrategicperspective,withIndiaassisting inrailwayandportinfrastructureaswell.

The country’s ports gives a much shorter access to India’s Northeast states and Bank has been focused on fundingthe upgradationanddevelopmentof key portsand theirlinkageswithrailways.

Indian entities are set to undertake the upgradation of Mongla Port in Bangladesh, the second largest port in the neighbouring country, financed out of LOC extended by ExportImportBank.

No impact of Supply Chain Due Diligence Act (SCDDA) on India: GTRI

NEW DELHI: Starting 01-01-2023, Germany activated thelawtocombatforcedlabourinsupplychains,aswellas other labour law violations, as an initiative to safeguard human rights. It is called the Supply Chain Due Diligence Act (SCDDA). The law applies to businesses operating in Germany as well as to those in other countries, dealing withGermany.Smallerfirmswillbecoveredunderthelaw fromJanuary2024.

However,accordingtothethinktankGTRI,therewon’t be any significant impact of the law on India. GTRI said that India already has appropriate legislation to deal with any kind of violation of labour laws, including child labour and workplace discrimination. The report also acknowledged the minimum wage requirements exercisedinthecountry.

Germany, in a positive move, has shifted the onus for identifying risk and taking actions from government to business firms. The SCDDA includes violation of labour laws, child labour, forced labour, and occupational health and safety, and promotes due diligence in supply chains.

Traceability being an important concept, the SCDDA includes indentifying and taking corrective measures by German companies for their as well as their partners’

operatings, apart from being proactive, when it comes to retaininglabourlawsandbasichumanrights.

“This means that companies will need to collect informationabouttheirsuppliers,theiroperations,andthe riskstheyface,”AjaySrivastava(Co-Founder,GTRI)said, adding the SCDDA imposes civil liability on companies thatfailtocomplywiththelaw.

It should be noted that all EU (European Union) member countries have some form of regulations on forced labour, which are constantly being updated and strengthened. For instance, France and the Netherlands have adopted the most comprehensive regulations on forced labour. Also, in September 2022, the EU published a new regulatory proposal to ban forced labour products. Once the proposal is adopted, it will prohibit the trade of products made with forced labour in the EU market, regardlessofwheretheproductsweremade.

“The law could increase costs for companies, as they must implement new due diligence processes and extensive compliance measures. However, the law could also positively impact workers, as it could help prevent themfrombeingexploited,”thereportsaid.Further,itsaid the SCDDA is a complex legislation, and implementation mayfacecriticalchallenges.

aggregation of 5 Lakh SFT & 1 Lakh SFT storage for ICD withanintegratedfoodprocessingpark.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 20/07/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR

GENERAL CARGO VESSELS

READY FOR

SHIPS NOT READY FOR BERTH

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

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

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

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

TO

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

JAMNAGAR (BEDI)

OTHER PORTS OF GUJARAT

(As on 20-07-2023)

World's Largest Container Ship, MSC MICHEL CAPPELLINI, named at 800-Guest Event in Bremerhaven

• MSC MICHEL CAPPELLINI has a capacity of over 24,000 TEUs

• The ship incorporates cung edge design features to increase fuel efficiency and reduce greenhouse gas emissions

• Bremenports, the Port of Hamburg and MSC sign an MoU for shore power use

GENEVA: More than 800 guests gathered on Monday 17 July 2023, in a custommade tent at the MSC Gate Terminal in Bremerhaven to witness the naming ceremony of the latest edition to Mediterranean Shipping Company’s (MSC) fleet, MSC MICHEL CAPPELLINI, withtheshipasthebackdrop.Priortothenamingceremony, MSC signed a Memorandum of Understanding with the Free and Hanseatic Cities of Bremen and Hamburg and their ports, agreeing on the use of shore power for MSC’s vesselsinbothports.

MICHEL CAPPELLINI is one of the world’s largest and most fuel-efficient container ships by design. At 400 metres in length and with a 61.5 metre beam, it has a capacity of up to 24,346 TEUs. Despite her magnificent size, her design and technical specifications enable the shipment of more cargo at the lowest carbon footprintpercontainercarried.

The vessel employs a small bulbous bow, large diameter propellers and energy-saving ducts, which will help to further reduce fuel consumption and associated greenhousegasemissions.

MSC MICHEL CAPPELLINI and her sister ships are also built with an air lubrication system to reduce drag on thehull,aswellasshaftgeneratorstoyieldadditionalpower.

In his welcome speech, MSC CEO Soren Toft highlighted the importance of Bremerhaven to MSC as a European cargo hub: “The ports in Bremen are such an important cargo hub for us in Germany and in Northwest Europe. It is truly a strategic location for MSC, and home to over 370 of our colleagues. However, our connection with Germany goes deeper than trade. This is the third naming ceremony of an MSC vessel since 2015, and the second in Bremerhaven. It is therefore by no surprise that we continuetogrowwithourcustomersinGermany.”

Soren continued: “Efficiency and innovation are two drivers that led to the development of the MSC MICHEL CAPPELLINI. Through innovation we seek to shift the boundaries of what is possible and surpass our own industry-breaking milestones, a process of continuous evolution.Both,asafamilycompanyandastheleaderofour industry, we are very mindful of MSC’s key role in decarbonizing the logistics value chain, and the benchmark wesetforothersinourindustry.”

MSC Germany Managing Director Nils Kahn also highlighted the importance of the ports of Bremen as an MSC location: “We handle more than 1 Mio TEU per year here and run dedicated trains to and from many domestic locations. We are connecting the world from exactly this location with a weekly service to the Eastern Mediterranean, two weekly services to the Far East, three weekly services to South America and Mexico and an impressivefiveweeklyservicestoNorthAmerica.”

The ship’s blessing was conducted by Provost Dr. Bernhard Stecker, who has led the Catholic Community Association Bremen since 2019 and is the head of the Catholic Office in Bremen, the liaison office of the Catholic Church to the Bremen Senate and the Bremen Parliament in the state. After the blessing, Godmother Cindy-JoCappelliniperformedthechristeningoftheshipby cutting the ribbon and smashing a bottle of champagne againstthehull.

Yellowconfettistreameddown,theship’shornssounded andMSCMICHELCAPPELLINIcannowtraveltheworld’s oceans.

Memorandum of Understanding on Shore Power Infrastructure

Shortly before the naming ceremony started, Kai Stuehrenberg, State Secretary for Economic Affairs of the Free Hanseatic City of Bremen, Andreas Dressel, Senator for Finance of the Free and Hanseatic City of Hamburg and MSC CEO Soren Toft met for the signing of a Memorandum of Understanding (MoU) agreeing on the useofshorepowerforMSCcontainervesselsinbothports.

SorenToftsaid:“Iamparticularlyproudthatwesigneda Memorandum of Understanding between MSC, the Free and Hanseatic Cities of Bremen and Hamburg, and their port administrations, to partner and collaborate on the implementation of shore power taking us one step closer to ensuringadecarbonizedsupplychainforglobaltrade.”

MSC Germany Managing Director Nils Kahn also called on German authorities in Berlin to ensure closer collaboration between German ports on the topic of infrastructuredevelopment,citingtheMoUsignedbetween MSC and the port authorities as an example of what privatepublicpartnershipmeansforMSC.

Additional speeches were given by Kai Stuehrenberg, State Secretary for Economic Affairs of the Free Hanseatic CityofBremen,AndreasDressel,SenatorforFinanceofthe FreeandHanseaticCityofHamburg.

TheNamingCeremony

The ceremony was a celebration, highlighting MSC’s commitment to sustainability, sports and the arts. It wasmoderatedbyGermanTVpresenter,JuleGölsdorf.She introduced Boris Herrmann, Germany’s leading yachtsman, world record holder and skipper of sailing team Team Malizia. Boris Herrmann shared his experience from the recent Ocean Race. MSC is a sponsor of Team Malizia and one of the six Official Founding Partners. In front of the 800-guest crowd Boris expressed his gratitude for MSC’s sponsorshipanddedicationtonetzerocommitments.

Guests included representatives of local authorities and businesses, customers and journalists. They enjoyed a spectacular performance by Andrea Casta, the famous Italian crossover electric violinist, and Sarah Voss, Germany’s artistic gymnast, all-around national champion andbronzemedalwinnerintheteamcompetitionatthe2022 European Championships. The live music and the acrobatic gymnastic performance expressed the very concept of balance between progress and sustainability, humans and nature,presentandpast.

MSC CEO Soren Toft concluded: “Global trade is crucial for maintaining peace, economic development and growth, and we are serving as a neutral force in the face of the political and diplomatic adversity we see today. Our new 24,000 TEUs-class ships, some of the world’s largest currently on the water, are essential for facilitating and enabling effective global trade. Ultimately connecting cultures,peopleandcontinents.”