MUM-23-06-2023

Countdown Begins!!!

HMM to launch New FIM (Far East-India-Mediterranean) Service

SEOUL/MUMBAI: HMM’s FIL (Far East India Latin) service launched in 2021 was a great success in Indian market.

“As part of our commitment in providing high-quality service, we are thrilled to announce the additionofanewDirectservice, FIM (Far East-India-Mediterranean) starting in August 2023,” informs a recent communique from HMMShippingIndia.

“OurnewFIMservicewilloffer

Direct service connecting India to East & West Mediterranean and RedSeaDestinations.

Thefollowingistheserviceroute: Busan > Kwangyang > Shanghai > Ningbo > Shekou > Singapore > Port Kelang > Kattupalli > Nhava Sheva > Mundra > Karachi > Jeddah > Damietta > Piraeus > Genoa > Valencia > Barcelona > Piraeus > Damietta > Jeddah > Karachi > Mundra > Nhava Sheva > Kattupalli > Singapore > DaChanBay>Busan.

NEWDELHI:RecentlyIhadagreatpleasureofvisitingIndia –akeymarketforAPMTerminals.WhereverItravel,meeting colleagues, customers and partners is always a fantastic opportunity,informsarecentblogofAPMTerminalsCEO.

“I am deeply impressed by how our teams at both APMTerminalsMumbai(GatewayTerminalsIndia,GTI)and APMTerminalsPipavav(GujaratPipavavPortLimited,GPPL) arecommittedtocontinuousimprovements...

HMM to launch New FIM (Far East-India-Mediterranean) Service

Cont’d. from Pg. 3

“Key highlights of the service include comprehensive coverage calling direct from Indian Major Ports like Kattupalli, Nhava Sheva, and Mundra to Jeddah, Damietta, Piraeus, Genoa, Valencia, Barcelona, and

excellent transit time that can't be compared with any otherexistingservices”

“We are committed in providing you with the best services possible, and we thank you for your continued support,” concludes the HMM Shipping India communique.

Continuing our strong commitment to India : APM Terminals CEO, Keith Svendsen

Cont’d. from Pg. 3

... and I have witnessed many great examples of how they keep lifting standards for what is possible.

“Let’s start with Pipavav, which has – for the second consecutive year–securedthepositionofIndia’s most efficient port in in the Global Container Port Performance Index (CPPI) 2022 rankings published by the World Bank and S&P Global Market Intelligence. Our terminal (where we provide jobs for approximately 2,500 people) plays a key role in the local economy of Gujarat. It helps diversify the state’s economy by facilitating trade, improving connectivity andultimatelyimpactingGDPgrowth.

“We continue to invest in developing Port Pipavav’s infrastructure, with significant achievements, such as establishing a new liquid berth at the port, new RoRo capabilities, or strengthening environment friendly rail connectivity at the port with the large consumption areas in the hinterland. Pipavav’s rail solution, which also allows fast and efficient inland transport of cargo from the port, will reduce cargo transit times by 50%, on top of offering safe, reliable, cost-effective logisticssolutionsthatalsogeneratelowerCO2emissions.

“In Mumbai we have a lot to be proud of. Our container terminaltopsthechartsintermsofproductivityinIndiaand is currently going through a massive upscaling process aimed at increasing its capacity by 10% to 2.2 million TEUs. This project, rightfully called “Fit for Future”,

X-Press

Feeders

entails a total investment of INR 8.0billion(approx.US$115million) in infrastructure development. This includes six new Ship-toShore (STS) cranes with higher and further reach and three Rail Mounted Gantry (RMG) cranes to acceleraterailperformance.

Reduced environmental impact inMumbai

“The terminal is also committed to minimising its environmental impact and has undertaken several initiatives to support this, such as recycling engine and gear box oils, solar panel installations, wind turbine ventilators, two speed engine conversiontonameafew.

In all our endeavours in India, we are lucky to have partners who share our vision and commitment to the future. I had the pleasure of meeting India’s Minister of Ports, Shipping, and Waterways and discussed how to further strengthen India’s maritime sector. We are thankful to the Indian government for driving regulatory reforms thathelpmovethesectorintherightdirection.Wewelcome further initiatives that increase the competitiveness of the industryandensurealevelplayingfieldforallplayers.

As always, our business would be nothing without the people working here, and I left India highly energised and moved by the enthusiasm and positive energy from my colleagues. It is always great to see and experience every heart and brain in the game and all the great things thatmaterialisewhenweareinthistogether.”

has

regained

the

Top Feedering spot : Alphaliner

LONDON : X-Press Feeders has regained the top spot from DP World unit Unifeeder as the world‘s largestcommonfeederoperator.

Alphaliner’s latest report, issued recently, said that the Singapore-based X-Press Feeders, now the 16th largest operator, has expanded its fleet by 2.1% since June 2022, and now has a capacity of 134,773 TEU,including71,232TEUofownedvessels.

Overthesameperiod,Unifeeder(ranked19th)has reduced its fleet capacity by 18%, and now operates 118,571 TEU of ships, all consisting of chartered tonnage.

Unifeeder began downsizing its fleet after AsiaEurope volumes began regressing to pre-Covid-19 levels, affecting demand for the Aarhus-based carrier’s feeder services connecting North Europe with the Baltic region. This saw Unifeeder redelivering more than 7,000 TEUs of vessels which

have since been redeployed by other carriers in the Europeanshortseasegment.

Acquired by DP World in 2018, Unifeeder is an asset-light operator, relying fully on the charter marketforitstonnageneeds.

Of X-Press Feeders’ fleet, 51% is owned, up from 42%inJune2021.

X-Press Feeders’ orderbook now stands at 90,000 TEU which represents an impressive 65% of its existing fleet. This includes six 1,250 TEU methanol dual-fuelled container ships commissioned at CSSC Huangpu Wenchong Shipbuilding on 31 May, fordeliveryin2025and2026.

Not all of X-Press Feeders’ newbuildings will be self-operated, and two 7,000 TEU ships contracted at Shanghai Waigaoqiao Shipbuilding have been chartered to CMA CGM, which has been actively securing more tonnage as mainline operators continue to battle for market share.

TO

FOR

NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSICT

Rotterdam,Antwerp,Dunkirk, Felixstowe, Le Havre COSCO

Shpg.

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,

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

RED SEA & MED. PORTS from BMCT

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

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

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

CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from GTI

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

FOR EXPORT LOADING

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

PoseidonShpg. Jebel Ali, Bandar Abbas.

Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr Alligator Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS

Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports.

Bay Line Freight Conn. Port Sudan & Al Sokhna

TO

PORTS From BMCT

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

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

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

PORTS from GTI

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

FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT

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

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

TO LOAD FOR

JAIGARH PORT LIMITED

AD Ports Group signs agreement to manage & operate Multipurpose Terminal in Congo’s Pointe Noire Port

ABU DHABI: AD Ports Group, the leading global facilitator of trade, logistics, and industry, today signed a 30-year concession agreement with the Government of the Republic of the Congo for managing and operating the multipurpose New East Mole Terminal in Pointe-Noire in theRepublicoftheCongo.

The agreement was signed by Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, Mr. Denis-Christel Sassou Nguesso, Minister of International Cooperation and Promotion of Public Private Partnership and Mr. Honore Sayi, Minister of Transport, Civil Aviation and Merchant Navy of the Republic of the Congo. The agreement follows the previous Head of Terms agreementsignedbetweenthetwopartiesinMarch2023.

Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “This agreement representsasignificantmilestoneinourcompany’sgrowth strategy. By expanding our operations and presence in Congo, we are not only strengthening our position in the region, but also tapping into a new market with immense potential. We anticipate boosting trade and commerce between our countries and opening new trade routes, creating new employment opportunities, and contributing to the overall development of Congo. As such, we will be closely working with our government partners in the

Republic of the Congo to identify areas where our partnership can help support their vision for the future. This concession agreement holds great potential and promise for both parties, especially when we consider the keyrolethatthe“NewEastMolePort”inPointeNoireplays asoneofthebestperformingportsonthecentralwestcoast oftheAfricancontinent.”

Capt.AlShamsiadded:“Inlinewiththedirectionsofour wise leadership, AD Ports Group continues to expand its operationsglobally,workingwithpartnerstodevelopworldclass port, logistics and maritime facilities in key commercialhubs.”

In2021,theUAEexportedgoodsworthUS$137millionto theRepublicoftheCongo, withthemainexportedproducts being cars for US$35 million, according to the Observatory ofEconomicComplexity(OEC).Duringthelast16yearsthe exports of the UAE to the Republic of the Congo have increased at an annualized rate of 5.6%, from US$57 million in2005toUS$137millionin2021.

In2021,theRepublicoftheCongoexportedgoodsworth US$1.75billiontotheUAE,withthemainexportedproducts being Refined Copper (US$1.6 billion) and Gold (US$70.6million)accordingtotheObservatoryofEconomic Complexity (OEC). During the last 16 years the exports of the Republic of the Congo to the UAE have increased at an annualized rate of 30%, from US$26 million in 2005 to US$1.75billionin2021.

Drought-hit Panama Canal further restricts maximum ship depth

PANAMA CITY: The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world’s busiest trade passages, the canal authority’s administrator said recently, citingshallowerwatersduetodrought.

The measure follows a series of depth restrictionsin the50-mile(80km)canalsincethebeginningoftheyear due to a drought, which authorities had hoped would ease by the start of the Central American country’s rainyseason.

Ship traffic, including container ships and oil tankers, using the canal between the Atlantic Ocean

and Pacific Ocean accounts for about 3.5% of globaltrade.

Panamax ships, which use the canal’s older locks, willalsofacetighterrulesonJuly9,theportadministration toldclientsinanadvisory.

PortadministratorRicuarteVasquezsaidtheJuly19 measure will depend on how much rain pours into the lake system surrounding the canal, calling the current lackofrainfall“worrisome”asthecanalbasinmustalso provideadditionaldrinkingwaterforresidents.

El Nino, a periodic warming weather phenomenon, hasbroughtaseveredroughtalongthePacificcoast.

American businesses looking at India as a place where they can diversify their supply chains: US Congressman

NEW YORK: American businesses are looking at India as a place where they can diversify their supply chains, an influential US lawmaker has said on the eve of Prime Minister Narendra Modi's maiden state visit at the invitation of PresidentJoeBiden.IndiaandtheUS haveanenormousabilitytocooperate on technology and innovation, and this is partly because of the diaspora, Indian-American Congressman RoKhannasaidinhiskeynoteaddress totheinauguralINDUS-Xconference.

It used to be that being IndianAmerican was a challenge and rising up the corporate hierarchy, he said at the event organised by US-India Business Council in partnership with the Department of Defence and India's Department of Defence Production.

"Now, and I'm joking, you almost have to be Indian-American to run oneofthesetechcompanies.It'scome a long way, but that provides a huge opportunity to cooperate on critical research, AI, on critical research, on climate, on critical cooperation, and helping foster a manufacturing renaissance in the US and making sure manufacturing is taking place in India as opposed to China for the Asiahub,"Khannasaid.

"I mean (Apple's) Tim Cook in my (Congressional) district, I mean, he is talkingaboutgoingtoIndia.Everyone in the Valley and other parts of the business world are looking at India as a place where they can diversify their supply chains," said the IndianAmerican lawmaker who represents Silicon Valley in the US House of Representatives.

Khanna in his remarks noted the popularity of Prime Minister Modi in the US. "l will tell you what the mark of how far we came when the British Prime Minister came here post-Brexit, no one really cared. No one paid attention. And when the Indian Prime Minister is coming, the entire Congress is the hottest ticket in town. Now, if you had told my grandfather that the Indian Prime Minister is going to way outshine the British Prime Minister, that would not have been a likelystory,"hesaid.

Noting that both India and the US areimperfectdemocracies,hesaidno one would describe America these days as a perfect democracy. One just has to see the gun shootings, and votingrightsandonehastolookatthe challengestheUSfaces,headded.

First MMLP in Indore, Phase I by 2025

INDORE: The first MMLP of Madhya Pradesh is being developed in an area of 255.17 acre near Pithampur in Dhar district of MadhyaPradesh.

The concession agreement was executedbyGRLogisticsPark(Indore) Private Limited, a wholly owned subsidiary of the GR Infraprojects which won the rights to construct MMLPIndoreinFebruary2023.

Theprojectisbeingimplementedon a design, build, finance, operate and transfer (DBFOT) basis wherein the concessionairewilldevelopandoperate the MMLP at an estimated cost of Rs1,110.58crore.

Under the terms of the contract, the developer will complete the project within two years from the appointed

date and will operate the MMLP for45years.

Phase-WiseDevelopment

The MMLP will be developed in threephases—PhaseIistargetedtobe completed in two years, that is, by 2025, leadingtocommercialoperations.

TheMMLPwillcaterto12.79million metric tonne (MMT) cargo in the horizon period of 45 years and will give huge boost to the industrial zones in the catchment region such as Indore, Ujjain, Dewas, Dhar, Pithampur, KhandwaandBarwani.

This state-of-the-art logistics park will fulfill most of its energy requirement through ‘green energy’ andisexpectedtogenerate10,000jobs.

ReducingLogisticsCost

MMLP is an integrated facility

within which all activities relating to logistics and the distribution of goods, both for national and international transit can be carried out across multiplemodesoftransport.

These mega establishments are targeted to reduce logistics costs to 8-9 per cent of the gross domestic product (GDP). Currently, logistics account for 14 per cent of GDP — makingIndiafarlesscompetitiveonthe global stage. The NHLML, which is a 100 per cent owned subsidiary of the National Highway Authority of India (NHAI) is the nodal agency for implementing the MMLP projects. The foundation stone of the country’s first MMLP at Jogighopa in Assam was laid in October 2020 and is slated to be completedbyDecember2023.

Vizhinjam Port to be commercially commissioned in May 2024, says Kerala Ports Minister

THIRUVANANTHAPURAM: The Adani-run Vizhinjam Port, being constructed at an estimated cost of Rs 7,700 crore, will be commercially commissioned in May 2024, Kerala Minister for Ports AhammedDevarkovil saidrecently.

He said 90 per cent of the port construction work has been completed, and the first ship from China, carrying cranes for use in premises, will be docking at Vizhinjam in September as an OnamgifttothepeopleofKerala.

"The port will have a berth of 800 metres, and the work for 400 metres is complete. Any big ship in the world can dock at a 400-metre berth," Devarkovil said in a meet-the-

pressprogrammehere.

The breakwater structure construction planned at 3,100 metres is progressing, and as of now, 2,350 metreshavebeencompleted.

The Minister said there is no shortageintheavailabilityofboulders for the breakwater structure as boulders have been brought from Tamil Nadu, and seven quarries in Keralaweregivenpermissiontomeet therequirement.

"I had personally met the Tamil Nadu Minister, and now we have a steady supply from there. Boulders are now being stored and will be deposited in the sea after the monsoonseason,"theMinistersaid.

With regard to the compound wall

construction, an issue the Adani Group has been raising frequently, the Minister said the relocation of the church in the area has been agreed uponinprinciple.

"They have agreed to relocate the church but have put forward some demands. The Government is considering those demands, and this issue will be solved soon," the Ministersaid.

The Government is also planning to develop its smaller ports -17 of them -- to handle cargo connectivity with Vizhinjam using smaller vessels. The idea is to take cargotransportationawayfromroads so that vehicular traffic can be less cloggedandsafer.

m.v. “MSC VANESSA” V- XA324A I.G.M. No. 2347279 Dt. 22-06-2023 Exch. Rate 85.06

The above vessel is arriving on 24-06-2023 at NHAVA SHEVA (NSIGT) with import cargo to NHAVA SHEVA from NAVEGANTES, PARANAGUA, SANTOS, SUAPE, MONTREAL, BARCELONA, PIRAEUS, HAIFA, UMM QASR PT, CATANIA, GIOIA TAURO, GENOA, LEGHORN, NAPLES, RAVENNA, SALERNO, VENICE, MOMBASA, SHUAIBA, SHUWAIKH, BEIRA, MAPUTO, SALALAH, HAMAD, JEDDAH, GEMLIK, ISTANBUL, YARIMCA, DAR ES SALAAM, SEATTLE, DURBAN. Please note the item Nos. against the B/L Nos. for NHAVA SHEVA (NSIGT) delivery.

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery.

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

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

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

Get IGM No. / ITEM No. /CFS details on our 24hrs computerized helpline No. (IVRS No.) 8169256872

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

As Agents :

World Customs Organization Releases the Illicit Trade Report 2022

BRUSSELS: The World Customs Organization (WCO) Secretariat has released the Illicit Trade Report (ITR) for 2022. This flagship publication focuses on enforcement matters and provides a comprehensive overview of cross-border illicit trade, shedding light on the threats it poses to citizens, consumers, and economies. Moreover, it showcases the commendable efforts of the Customs community to combat illicittradeandprotectsocieties.

The ITR provides a meticulous analysis of illicit trade dynamics by examining seizure data and case studies reported by various Customs administrations.Itdelvesintosevenkey topics, including drugs, environment, cultural heritage, money laundering and terrorist financing, intellectual property rights, health and safety, and revenue.

Theanalysisprimarilyreliesondata collected from the WCO Customs Enforcement Network (CEN),

a global database of Customs seizures and offences. The CEN serves as an invaluable resource, empowering WCO Memberstoaccessinformationonillicit trafficking of various commodities, thereby enhancing their risk targeting capacities.

Tofurtherenrichthereport,the2022 Reportincorporatesanexpandedrange of data and information sources. These sources include reliable media outlets, reports published by Customs administrations and international organizations, as well as a survey conducted by the WCO Secretariat to gather additional data from Customs administrations and WCO Regional Intelligence Liaison Offices (RILOs). A dedicated section of the Report titled "Customs Enforcement Scan" presents useful information from open sources and offers comparisons between data from these sources and proprietary dataanalysisbasedontheCEN.

Dr. Kunio Mikuriya,

WCO Secretary General, emphasized the significance of conducting comprehensive data analysis in strengthening the effectiveness and efficiency of Customs law enforcement endeavours. He said : "The WCO Illicit Trade Report stands at the forefront of data gathering and analysis. Leveraging our expertise and available technology, we provide comprehensive analysis substantiated by insights derived from publicly available sources and presented through advanced data visualizations".

Dr. Mikuriya also highlighted the need to adapt to evolving tactics employed by criminal organizations in the complex global trade environment. "By understanding emerging trends and harnessing the power of information from open sources we can enhance our efforts to combat illicit trade and safeguard the integrity of international commerce" said Dr.Mikuriya.

NEW DELHI: Soon the people of India will be able to travel to the neighboring Country Myanmar and then to Thailand via road. The ongoing India-Myanmar Thailand Trilateral Highway Project between Thailand and India is expected to be ready in three to four years. The Ambassador of Thailand to India said that the work on the highwayisgoingonatafastpaceand the work is almost completed in the Indian state of Manipur. Thailand’s Ambassador to India Pattarat

Hongtong said recently, “The trilateral highway between India, Myanmar and Thailand is under construction. The road from Thailand to Myanmar is under construction. In India, this highway will come up to Moreh in Manipur. I went to Moreh And I have seen the road from Imphal to Moreh, which is almostready.”

Earlier, on the occasion of a conclave organized by the Indian Chamber of Commerce in Kolkata, theDeputyMinisterofForeignAffairs

of the Government of Thailand, Vijavat Israbhakdi, said that 99 percent of the work on this fourlane expressway in Thailand has already been completed. Now, a lot depends on the Governments of India and Myanmar as to how fast the project can be completed.” Talks are yet to be held between the concerned countries regarding the types of vehicles that will run and what will be the framework regarding them. During this, he praised the Indian PrimeMinisterNarendraModi.

India approves wheat, broken rice exports requests from 4 countries

NEWDELHI:Indiahasdecidedto approve wheat and broken rice exports to few selected countries following their requests to allow the shipments of the grains, the Government said in two separate notifications.

The South Asian country banned exports of wheat and broken rice in 2022tolowerlocalprices.

But following requests, India would allow broken rice exports to Indonesia, Senegal and Gambia in 2023/24 financial year started on April 1.

New Delhi also approved request from Nepal and allowed wheat exportsinthecurrentfinancialyear.

Indian exporters, which were exporting grains to these countries,

need to bid for the allocated quota of wheat and broken rice, the governmentsaidinnotifications.

Indonesia has signed an agreement with the Indian government to potentially import 1 million tonnes of rice if the El Nino weatherpatternhitsdomesticsupply, media quoted the Trade Minister as saying.

Fitch raises India's GDP forecast to 6.3% for current fiscal year

NEW YORK: Fitch Ratings raised its prediction for India's economic growth to 6.3 per cent for the current fiscal year 2023–2024 from its prior prediction of 6 per cent. This is mostly due to near-term momentum and a strongeroutturninthefirstquarter

The growth projection is in comparison to the 7.2 per cent GDP growth in FY23. The economy had expanded by 9.1 per cent in the

precedingfiscalyear(FY22).

"India's economy has been showing broad-based strength - with GDP up by 6.1 per cent year-on-year in 1Q23 (January-March) and autosales, PMI surveys and credit growth remaining robust in recent months - and we have raised our forecast for the fiscal year ending in March 2024 (FY23-24) by 0.3 percentage points to 6.3 per cent," theratingagencysaid.

In March, Fitch reduced its projection for 2023–2024 from 6.2 per cent to 6 per cent, noting challenges from high inflation and interest rates as well as weak global demand.

For 2024-25 and 2025-26 fiscal years, it estimated a growth of 6.5 per cent each. Since then, inflation has eased and the domestic economy has pickedup.

"Trilateral Highway between India, Myanmar and Thailand is under construction," says Thailand Envoy

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 23/06/2023

VESSELS IN PORT & DUE FOR EXPORT

VESSELS IN PORT & DUE FOR

GENERAL CARGO VESSELS

DISCHARGE

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

(AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

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

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

TERMINAL PVT LTD. (AICT)

TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

to East Med SVC)

OTHER PORTS OF GUJARAT

PORT (As on 17-06-2023)

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 Daily Shipping Times exercise every necessary care & attention in collecting every data & getting it published accurately Inspite of this, if any ommission, inaccuracy or printing error occur in the data published in this daily, the Management of Daily Shipping Times is not responsible or liable.

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSFT

NSICT

NSIGT

Vessel Name (Voy) Sailing Dt. Next Port

22-06-2023 Colombo

X-Press Odyssey(V-23003E) 16-06-2023 AMCT

Wadi Bani Khalid (V-2308E) 16-06-2023 Mundra

X-Press Altair (V-23021) 17-06-2023 Jebel Ali

MSC Genova (V-IW323A) 18-06-2023 Colombo

Maersk Guaquil (V-323W) 19-06-2023 Salallah

Hyundai Colombo (V-132E) 19-06-2023 Hazira

Synergy Oakland (V-14E)

18 Sea Star Victory Sai Maritime

19/20 Lady Flora J. M. Baxi 21 W Huang Pu Mitsutor

B.Pier Hai Nam 85 J.M. Baxi

B.P. Extn. Veco Laura Samsara

OCT 1

OCT 2 J Luck Seatech

JNPJNP JNPCT/COASTAL/ CT/COASTAL/ CT/COASTAL/ CT/COASTAL/LIQUID BERTH LIQUID LIQUID BERTH SB-2

CUSTOM EXCHANGE RATESALLRATES PERUNIT

W. E. F. 16-06-2023

EXCHANGE RATES

TT BuyingRates BillBuying TTSellingRatesBillSellin g

forfor

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

VESSELS DUE/IN PORT FOR IMPORT DISCHARGE AT MUMBAI

FROM I.G.M.No ETD

COSCO SHIPPING Logistics and Supply Chain Management provides Innovative Shipping Solutions for Oversize Freight Transportation

BEIJING: Over the past few years, COSCO SHIPPING Logistics and Supply Chain Management, along with its affiliated organizations, carefully examined the properties of shipments and performed risk assessments throughout the transportation process to improve their service quality, particularly regarding the difficulties faced by customers when transporting heavy and oversize cargoes. To provide efficient and high-quality service solutions, the company established a long-term contact mechanism with customers emphasizing "one-on-one" communication. This ensures the safe, high-quality, cost-effective, and efficient transportation of oversized freight, thereby relieving customers ofanyconcerns.

Expert support + personalized design = safeandscientificsolution

Penavico Shipping Logistics (Ningbo) recently set a new record in loading super-large and heavy equipment when the ship "RUN ZHOU 6" departed from the Port of Dalian carrying three unloaders and one loading machine.

The equipment, which included a ship unloader weighing 1,100 tons and measuring 85 meters long, 28.3 meters wide, and 57 meters high, presented a significantchallengeduetoitscomplexstructure.

After receiving the customer's commission, the company quickly set up a joint project team. Technical experts held meetings to discuss the loading machine's loading and unloading scheme, which was not entirely suitable for ro-ro shipment. They carefully analyzed the specifications,designedanddemonstratedhighlytechnical safe transportation data, and their previous operating experience. After dividing the equipment into two parts for loading from the ship stern and side, they finally adopted a ro-roloadingschemethateffectivelyensuredcargoloading andunloadingsafety.

Under the joint efforts of all parties, the project team successfully completed five loading tasks within six days, despite numerous difficulties and challenges, and provided scientific, efficient and high-quality service recognized by allpartiesinvolved.

Planning in advance + communication with specially-assignedpersonnel=efficientshipment

Recently, the bulk carrier "AFRICAN SISTERS", currently sailing under the flag of Panama for Penavico Fujian (Zhangzhou), left Berth No. 5 at Zhangzhou CMG Terminal for Antofagasta, Chile, with 13 sets of wind power towerbarrelsonboard.

In order to ensure a smooth export process for the equipment, the company formed a professional project team consisting of personnel with wind power equipment operation experience. This team was responsible for communicating with the customer, terminal and shipowners well in advance, leveraging their professional expertise to determine terminal storage plans and create terminal storage charts based on the vessel stowage plan. During the goods congregation at the port, dedicated personnelwereassignedtostayincontactwiththecustoms and terminal 24/7 to ensure the goods were cleared upon arrival, and that there was a seamless connection between cargocongregation,exportdeclarationandcargoloading.

Fineservice+flexibleresponse=improvedefficiency

The Tai'an Branch of COSCO SHIPPING Logistics (Qingdao)recentlycompletedatransportationundertaking involving exporting 38-ton oversized equipment from the Port of Tianjin. This project has established a new transportation method for oversize goods exportation

while simultaneously enabling the client to open up a novel logisticschanneltoSouthAmerica.

Given the operational difficulties that arose due to the equipment's ultra-high and ultra-wide dimensions, the company gathered its business backbone to form a specialized team that conducted multiple on-site inspections of the goods, and engaged in frequent discussions with the client regarding specific packing and shipping details. The team tackled the shipping difficulties, from the positioning of lifting points to handling vehicle transportation licenses for large cargo, and developed a meticulouspackagereinforcementschemeandcustomized logistics transportation solutions that ensured the successfulcompletionofthetransportationmission. Comprehensive analysis + efficient management = costsaving

In a recent attempt to explore deeper into the market, COSCO SHIPPING Logistics (Nantong) secured a bid to oversee a DAP transportation project, which involved the exportation of air compressors to Thailand for a new client. The company delivered the first batch of equipment to the destination with professional, fast, and cost-effective logisticssolutions.

When the equipment was packed and ready for shipment, there was a temporary traffic control at the factory location, which caused some oversized goods to be unable to be shipped as planned. Upon discovering this issue, the project team collaborated with the warehouse to prepare for a delayed delivery. Meanwhile, the team contacted the manufacturer and leveraged their extensive experience transporting large equipment to integrate resources from various parties. As a result, the equipment was successfully transported to the designated warehouse forcargocongregationbeforethedeadline.

Moreover, as the shipping date was approaching, the customer unexpectedly requested to apply for an ASEANChina Free Trade Area Preferential Tariff Certificate of Origin(FORME),astheylackedanycommodityinspection record and it was their first time engaging in export business. The project team promptly responded to assist the customer with online declaration and prepared all the necessary materials for certificate application. With the efficient cooperation of all parties involved, the certificate was issued on the day of departure and sent to Thailand. This allowed the consignee at the destination to apply for subsequent tariff reduction and exemption, ensuring the customer'sproductionandoperationstability.

ZIM expands Partnership with 40Seas to offer flexible Digital Financing Solutions to its Customer

HAIFA: ZIM Integrated Shipping Services

Ltd

(NYSE: ZIM)

announced the expansion of its partnership with cross-border trade financing platform 40Seas, integrating the 40Seas' flexible digital financing solution via ZIM's website as well as Ship4wd's, ZIM's award-winning digital freight forwardingsubsidiary.

The expanded collaboration demonstrates ZIM's commitment to transforming traditional shipping practices into the digital era and enhancing customers' choices by providing them with a seamless digital experience to allow them faster and cheaper access to capital to meet their credit needs. This new service will be rolled out gradually starting in the US, Canada, UK, France, Germany, Italy, Belgium, Netherlands, and Australia,withadditionalcountriesaddedovertime.

With 40Seas' flexible digital financing solution integratedintoZIMandShip4wd,customerswillbeable to defer payment for freight charges for a maximum period of 90 days from the invoice date, as well as leverage 40Seas credit line to finance cargo, subject to meetingeligibilityrequirements.

Against a backdrop of macroeconomic volatility and rising capital costs, SMEs engaged in global commerce are struggling to protect cash flow and drive profits. ZIM and 40Seas aim to support SME importers and exporters to bridge this financial gap. By pioneering the 'Ship Now, Pay Later' concept, 40Seas enables exporters

to get paid immediately upon shipment, while providing importers with deferred payment options allowing them to boost business growth during the sale cycle without tyingupavailablelinesofcredit.

ZIM participated in 40Seas' $11 million seed funding round earlier this year and also provided 40Seas with a credit facility of up to $100 million for expanding its businesstoexportersandimporters.

Eli Glickman, ZIM President & CEO, said: "We are pleased to expand our partnership with 40Seas, which continues to underscore our commitment to providingthemostcustomer-centricserviceexperience, with an embedded solution that will transform the way our global clients access financing, while developing additionalstreamsofrevenuethatcomplementourcore shippingbusiness.ZIMand40Seasarefirmlyalignedon championing digital innovation in the shipping industry, andtogether,welookforwardtopushingboundariesand eradicating financing-related impediments to global commerce."

Eyal Moldovan, 40Seas Co-founder and CEO, said: “We're delighted to expand our partnership with ZIM, a market leader that has supported our mission since dayone.Bycombiningforcesonatradefinanceplatform like 40Seas, a major carrier like ZIM, and a dynamic digital freight forwarder like Ship4wd, we can make serious headway in the transformation of the global logistics landscape. Additionally, ZIM's extensive cross-border trade expertise, strong market position and close ties with ecosystem players, will be invaluable asweaccelerateourglobalexpansion."

Maersk to pioneer 1st Container vessel conversion to methanol dual-fuel engine

COPENHAGEN: As the first in the shipping industry, A.P. MollerMaersk (Maersk) will retrofit an existing ship to a dual-fuel methanol powered vessel and thereby able to sail on green methanol1. The first engine retrofit in the industry is scheduled to be conducted medio 2024 and it is the intent to replicate on sister vessels when goingforspecialsurveyin2027.

“We have set an ambitious netzeroemissionstargetfor2040acrosstheentirebusiness and have taken a leading role in decarbonising logistics. Retrofitting of engines to run on methanol is an important lever in our strategy. With this initiative, we wish to pave the way for future scalable retrofit programs in the industry and thereby accelerate the transition from fossil fuels to green fuels. Ultimately, we want to demonstrate that methanol retrofits can be a viable alternative to new buildings,” said, Leonardo Sonzio, Head of Fleet Management andTechnologyatMaersk.

Maersk has signed an agreement with MAN Energy Solutions(MANES)whowillretrofittheengine.

“In 2021, we ordered the world’s first methanolenabled container vessel following a commitment to the principle of only ordering newbuilt vessels that can sail on green fuels. Concurrently, we have explored the potential in retrofitting existing vessels with dual-fuel methanol engines. Having teamed up with MAN ES,

we are now ready to demonstrate how retrofitting vessels with methanol dual-fuel capabilities can be done,” said, Leonardo Sonzio, Head of Fleet Management and Technology atMaersk.

Besidesaimingtoachievenet-zero in 2040, Maersk has also set tangible near-term targets for 2030 to ensure alignment with the Paris Agreement and Science Based Targets initiative (SBTi) methodology. This translates to a 50% reduction in emissions per transported container in the Maersk Ocean fleet compared to 2020, andfurthermore 25% of itscontainervolumewillby2030 betransportedusinggreenfuels.

Projecttobeginnextyear

Replacing engine parts and thereby making the engine able to operate on methanol is a rather complex task, but only a part of the larger retrofit operation. For instance, new fuel tanks, fuel preparation room and fuel supply system are also a part of the retrofitting the vesselforgreenmethanol.

“Detailed engineering for the first retrofit is ongoing and the actual implementation will take place in the middle of 2024. Meanwhile, discussions with potential yards are ongoing,” said, Ole Graa Jakobsen, Head of Fleet Technology and responsible for the retrofit projectatMaersk.

Maersk is currently operating more than 700 vessels witharound300ofthembeingownedbyMaersk.