NAVI MUMBAI: The Jawaharlal Nehru Port Authority (JNPA) - India’s Best Performing Port, received approval from t h e H o n’ b l e U n i o n M i n i s t e r o f Ports, Shipping, and Waterways, Shri Sarbananda Sonowal for the Development of Export-Import cum Domestic Agricultural Commoditybased Processing & Storage Facility at JNPA on July 19th, 2024. This is India's first one-of-its-kind facility provided by JN Port.
Speaking about the initiative, Shri Unmesh Sharad Wagh, IRS, Chairman, JNPA, said, “Following the theme
laid by the Ministry about the ‘port-led d e v e l o p m e n t ’ a n d
JNPA’s efforts for ‘Port led industrialisation’
Agricultural Commodity based Processing & Storage Facility The primary objective of the project is to mitigate wastage due to multiple handling, and unhygienic storage and extend the shelf life of a variety of produce. This initiative aligns with our aim to create a comprehensive port ecosystem.”
Asyad expands its Operations into the Heart of Global Trade in China, India, US, The GCC by acquiring Skybridge Freight Solutions
Calcutta Freight Brokers Assn. held its 86th AGM .. Refer Pg. 25
MUSCAT: Asyad Group, Oman's pioneering end-to -end global logistics provider, has acquired Skybridge Freight Solutions (SFS), a leading global freight forwarding company The landmark acquisition is the group’s first international acquisition in core logistics activities and marks a strategic move to significantly expand Asyad’s footprint through active operations in key trade hubs and the major economies of China, India, the USA and the GCC, supported by unhindered access to SFS’ well-established, dynamic network that covers over 90 geographies across six continents. Cont’d. Pg. 6
The proposed facility is planned on 27 acres of land and is designed to provide comprehensive services including processing, sorting, packing, and laboratory facilities, emphasizing its commitment to ensuring compliance with food safety and trade regulations and shall cater to the agricultural c o m m o d i t i e s n o t o n l y o f Maharashtra but also of other states such as Madhya Pradesh and Gujarat.
The export infrastructure is strategically designed to include essential facilities such as:
•Cold Storage: E nsu r ing optimal temperature management crucial for preserving product freshness and quality
•Pre-cooling Facilities: Vital for preparing perishable goods for transport, and maintaining their integrity throughout the journey.
•Frozen Storage: Designed to accommodate goods requiring d e e p f r e e z e c o n d i t i o n s t o
Providing secure storage solutions for non-perishable goods, safeguarding them from environmental factors.
O n t h e i m p o r t s i d e , the facility will mirror these capabilities with dedicated frozen and cold storage options, along with dry warehouses, ensuring seamless handling and storage solutions for imported goods.
With advanced technology and efficient processing and preser vation techniques, t h e f a
d u c e post-harvest losses, thereby positively impacting the entire agricultural supply chain
T h e p r o j e c t , e s t i m a t e d a t Rs 285 crores, will be executed in a Public-Private Partnership (PPP) mode and Design-Build-FinanceOperate-Transfer (DBFOT) model.
I n t e r e s t e d c o m p a n i e s c a n download the tender document f r o m J N P A ’ s w e b s i t e , www jnport gov in OR log on to the Central Public Procurement Portal
(https://eprocure gov in/eprocur e/app).
This project underscores JNPA's u n w a v e r i n g c o m m i t m e n t t o sustainability, and fortifying India's position in the global agricultural landscape. The launch is anticipated to mark a significant milestone in the evolution of India's agricultural sector
India’s exports sector remained strong amidst ongoing geopolitical headwinds accompanied by sticky inflation: Mr Ashwani Kumar, President, FIEO
M U M B A I :
C o m m e n t i n g o n t h e Economic Survey 2023-24, Mr Ashwani, President, FIEO said that the survey has rightly highlighted that the International trade has contributed to India’s economicgrowthoveraperiodoftime, through concerted reforms and facilitative measures taken by the government to enhance foreign trade. He added that there has been a significant increase in the share of trade (goods and services) in country’s GDP . India’s exports sector remained strong amidst ongoing geopolitical headwinds accompanied b y s t i c k y i n f l a t i o n T h o u g h merchandise exports moderated owing to lower demand from major trading partners, services exports continued to perform well, cushioning the overall trade deficit from USD 121 6 billion in FY23 to USD 78 1 billion in FY24. Lower prices of imported commodities, including crude oil, also helped in keeping the trade deficit in check,saidMrAshwaniKumar
FIEO Chief reiterated that the country has been able to face the global headwinds strongly and has shown its resilience especially the
exports sector on the back of strong macro fundamentals. The new diversified markets have led to the increase in exports, added FIEO President. Mr Ashwani Kumar also said that increasing market size can been mainly attributed to the Trade Agreements especially the recently c o n c l u d e d F TA s w i t h UA E , Australia and European Free Trade Association (EFTA: Comprising of countries including Iceland, L i e c h t e n s t e i n , N o r w a y a n d Switzerland) The ongoing trade negotiations with UK, EU, Peru, Oman etc, will also add further impetus to our exports.
FIEO President also said that as Indian economy is staging a broadbased recovery across sectors, positioning to ascend to pre-pandemic growth levels in FY24, the projections for India's GDP growth is expected to remain robust during FY25 in the range of about 7%. The Reserve Bank ofIndia(RBI)initsAnnualReportsaid that there was a robust increase in the credit to micro, small and medium enterprises (MSMEs) at 14 1% YoY growth in March 2024, which was supported by the availability of collateral-free loans For the NBFCs,
the report highlighted that the services sector bank credit rose by 20 2% in March 2024, driven by demand from non-banking financial companies (NBFCs) and trade This is good sign and will help in further reviving the manufacturing and exports during such challenging times,saidFIEOPresident President, FIEO also added that reducing the cost of logistics in the country, which is now to the tune of 14-15%, comparable to global benchmark, will help in making our e x p o r t s m o r e c o m p e t i t i v e worldwide And in that regard development of an Indian shipping line of global repute is the need of the hour, as the country remitted over USD 109 billion as transport service charge in 2022. As India moves towards the goal of USD 1 trillion goods exports, this will touch USD 200 billion by 2030. A 25% share by the Indian shipping line can save USD 50 billion year-on-year basis, reducing arm twisting by Foreign shipping lines, particularly for our MSMEs. With all these happening, we expect the merchandise exports to be back on double-digit growth trajectory, said Mr Ashwani Kumar
APM Terminals Pipavav’s Senior Officials meets Gujarat Chief Minister
GANDHINAGAR: APM Terminals Pipavav’s MD
Mr. Girish Aggarwal, Mr. Vivek Sharma, Country Director – Public Affairs at AP Moller Mærsk Group
a n d M r. D i n e s h Ti w a r i , H e a d - G u j a r a t a t APM Terminals Pipavav – India, held a meeting with Gujarat Chief Minister, Shri Bhupendrabhai Patel and key ofcials, Shri Raj Kumar, IAS, Chief Secretary, Shri Pankaj Joshi, IAS, ACS to CM, Shri. S J Haider, IAS, ACS – Industries & Mines,
Smt Mona Khandhar, IAS, Principal SecretaryDepartment of Science & Technology, Smt Avantika Singh Aulakh, IAS, Secretary to CM, to discuss APM Terminals Pipapav’s commitment to supporting Gujarat’s ambitious growth plans, according to a post on LinkedIn. The discussions focused on future investment opportunities in the state and how APM Terminals Pipavav can contribute to the state’s emerging semiconductor ecosystem.
Asyad expands its Operations into the Heart of Global Trade in China, India, US, The GCC by acquiring Skybridge Freight Solutions
Cont’d. from Pg. 3
Now acquired by Asyad Group, SFS is a premier freight solutions provider offering leading freight forwarding services across air, sea and land in addition to warehousing and distribution. The fast-growing company boasts a strong financial footing and caters to a diverse array of major industries including food, energy, automotive, pharmaceuticals and construction. The company serves over 1,400 customers, including Fortune 500 and bluechip companies, leveraging its longstanding relationships with global freight forwarding networks, government bodies, shipping lines and airlines to carve a substantial competitive edge and open multiple avenues for growth.
With this acquisition, Asyad aims to bolster its competitiveness in the global marketplace by magnifying its end-to-end capabilities in providing unparalleled multimodal logistics services to meet evolving customer needs. The impacts of the recent acquisition are far-reaching and will extend across the entire logistics ecosystem, with more capabilities in freight forwarding leading to advances in supply chain, e-commerce, ports and container lines.
Additionally, Asyad will now have active operations in key cargo origin economies. As a result, the group – now leveraging SFS’ capabilities and network of associates –will reinforce its position as the partner of choice for international enterprises seeking comprehensive GCC logistics solutions under one integrated entity, setting itself apart by leveraging its advanced capabilities and Oman’s unique location and innate advantages.
Acquiring SFS will play a significant role in bolstering Oman’s connectivity with vital global trade routes. By unlocking new connections and strengthening existing ones with the world’s biggest markets, all logistics players will reap the benefits of unrestricted multimodal access and amplified trade opportunities resulting in higher volumes.
With these targeted moves, Asyad aims to ultimately redraw the global trade map. The SFS acquisition marks a significant milestone for the group and underlines its integrated logistics model that has consistently set new standards and trends in the logistics industry The new addition is a critical step to pursue
Asyad’s portfolio diversification plans and uphold the group’s unwavering commitment to its customers of increasing global service coverage.
By integrating the capabilities and market access of SFS, Asyad’s flag will consistently make its way into prime global markets, opening new avenues for exponential growth and cementing the group’s position as a reliable global logistics powerhouse. With SFS now part of Asyad Group, the integrated logistics provider will take its bullish approach to global expansion forward with future plans focused on long-term financial returns and an enhanced offering of globally competitive logistics solutions to trade communities around the world.
Both Asyad and SFS customers will be the first to experience the returns of this integration through improved reach and heightened service excellence, exemplified by multimodal freight forwarding solutions Asyad will equip players in GCC markets with stronger connectivity to major cargo origin markets through SFS’ network of associate offices that covers key trade location around the world from China and India in the east to the United States and Europe in the west.
Asyad Group's year-over-year growth reflects a robust commercial mindset built around operational excellence and dynamic decision-making In 2023, the group reported a 21% compound annual growth rate in revenue and 73% compound annual growth rate in profits, two record numbers in its history. The recent acquisition will further support Asyad’s ongoing streak of double-digit year-on-year growth by providing new opportunities and resources, ensuring sustained success and market leadership.
10/0811/08 TBATBA RC Ocean 040 MBK Line MBK Logistics Jeddah, Kumport (India Med Service) MAS Diamond Marine
24/0725/07 24/07 0200 Grasmere Maersk 430W Q0873 300958-10/07 Maersk Line Maersk India Djibouti, King Abdullah, Jeddah (Blue Nile) Maersk CFS
31/0701/08 TBATBA Maersk Virginia 431W Q0931 301326-16/07
TSS L'Global Ag. U.K., North Continent & Scandinavian Ports. Dronagiri-2
AMI Intl. AMI Global U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3
Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3
Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.
Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.
Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware
25/0726/07 24/07 1000 MSC Rikku IU429A Q0916 1096855-15/07 MSC MSC Agency Haifa. (INDUS) Hind Terminals TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI
24/0725/07 TBATBA Dalian Express 4329W Q0854 300810-08/07 Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS
Thais IS428A Q0914 1096846-15/07 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, Hind Terminals 13/0814/08 13/08 1100 MSC Altair IS430A Q0962 1097282-20/07 Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique,
17/08 1100 MSC Renee IS431A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express) Globelink Globelink WW USA, East & West Coast. (Himalaya Express)
24/0725/07 MSC Ruby IP429A Q0866 1096406-09/07 MSC MSC Agency Boston, Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals 26/0727/07 25/07 1800 MSC Chiara X IP430A Q0913 1096845-15/07 Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira,Paita, 02/0803/08 02/08 0900 MSC Roma IP431A Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel 09/0810/08 09/08 1000 MSC Branka IP432A
Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. (EPIC / IPAK)
AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America
25/0726/07 24/07 1000 MSC Rikku IU429A Q0916 1096855-15/07 MSC MSC Agency New York, Charleston, Huston, Freeport. Hind Terminals 01/0802/08 31/07 1000 MSC Silvana IU430A Kotak Global Kotak Global US East, West & Gulf Coast (INDUS) 28/0729/07 TBATBA APL Qingdao OINGWE1 Q0860 300828-08/07 CMA CGM CMA CGM Ag. New York, Norfolk, Charleston, Savannah & Dron.-3 & Mul. 28/0729/07 29/07 0600 Seaspan Ganges 4130 Q0879 300980-10/07 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2 04/0805/08 TBATBA Athenian 4131 Hapag ISS Shpg. ULA CFS (INDAMEX)
ONE Line ONE (India) India America Express (INDAMEX)
COSCO COSCO Shpg.
Indial Indial Shpg. US East Coast & South America
ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. Conex Terminal
Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from GTI
In Port 23/07 X-Press Antlia 24004E Q0843 300690-05/07 ONE Line ONE (India) USA, East & West Coast, USA, South & Central America
27/0728/07 27/07 1700 MOL Presence 015E Q0915 301366-16/07 & Caribbean Ports, Canada. 07/0808/08 TBATBA Dimitris Y 246E Globelink Globelink WW USA, Canada, Atlantic & Pacific, South American & 17/0818/08 TBATBA One Reliability 006E West Indies Ports. (TIP Service) 24/0725/07 25/07 2300 Dalian Express 4329W Q0854 300810-08/07 CMA CGM CMA CGM Ag. New York, Norfolk, Savannah, Miami, Santos, Dron.-3 & Mul. 31/0701/08 TBATBA APL Phoenix 0MXK1W1 Q0943 301433-17/07 ANL CMA CGM Ag. Itajai & other North American Ports.
07/0808/08 TBATBA Belita 0MXK3W1 COSCO COSCO Shpg. Hapag ISS Shpg.
India Sub Cont. Med. Express (IMEX) 27/0728/07 27/07 0600 OOCL Hamburg 151E Q0886 301025-23/07
FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST
23/0724/07 Norderney 086W Q0908 301242-15/07 ONE Line ONE (India) Jebel Ali. 02/0803/08 TBATBA ES Emma 967W Q0910 301282-15/07 UnifeederUnifeeder Jebel Ali. (MJI) Dronagiri
23/0724/07 23/07 1200 Artenos 1330W Q0773 300165-27/06 HDASCO Armita India Bandar Abbas, Chabahar. (IIX)
(West Bound) CMA CGM CMA CGM Ag. Dron-3 & Mul SeaLead SeaLead Shpg
24/0725/07 24/07 0200 Grasmere Maersk 430W Q0873 300958-10/07 Maersk Line Maersk India Jebel Ali, Salallah (Blue Nile) Maersk CFS
26/0727/07 26/07 0600 SSL Brahmaputra 917W Q0781 300185-27/06 X-Press Feeders Sea Consortium Jebel Ali 27/0728/07 TBATBA X-Press Mekong 24006W Q0877 300978-10/07 Wan Hai Wan Hai Lines (I) (RGI) 30/0731/07 TBATBA Addison 006 Q0621 299109-10/06 UnifeederUnifeeder 26/0727/07
TBATBA W. Kithira
Ali, Bandar Abbas. Speedy CFS Alligator Shpg. Aiyer Shpg. Jebel Ali. Cordelia Cordelia Cont. West Asia Gulf Ports. Bay Line Freight Conn. Port Sudan & Al Sokhna CWC, GDL & DR 31/0701/08
24/07 0600 Wan Hai 515 E092 Q0841 300668-05/07 Wan Hai Wan Hai Lines Colombo. (CI2) Dron-1 & Mul CFS 27/0728/07 27/07 0600 OOCL Hamburg 151E Q0886 301025-23/07 OOCL OOCL (I) Colombo. GDL 01/0802/08 TBATBA OOCL Luxembourg 111E Star Line Asia Seahorse Yangoon.(CIX-3) Dronagiri-3 27/0729/07
TBATBA Conti Conquest 028E Q0918 301256-15/07 ONE Line ONE (India) Colombo. 03/0804/08
TBATBA Conti Crystal 137E Yang Ming Yang Ming(I) Contl.War.Corpn. 15/0816/08 TBATBA One Competence 091E Hapag/CSC ISS Shpg/Seahorse ULA CFS/ (PS3 Service) HMM HMM Shpg. Seabird CFS
TO LOAD FOR INDIAN SUB CONTINENT from BMCT
23/0724/07 23/07 0200 Maersk Aras 428W Q0800 300348-01/07 Maersk Line Maersk India Colombo (MW2) Maersk CFS 27/0728/07
TBATBA Zhong Gu Nan Ning 2404E Q0868 300934-09/07 ONE/KMTC ONE(I)/KMTC(I) Karachi, Colombo —/Dron-3 31/0701/08
TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from NSFT
Dronagiri-2
In Port 23/07 Lotus A (BMCT) 0FF2C4E1 Q0865 300913-09/07 CMA CGM CMA CGM Ag. Singapore, Qingdao, Shanghai, Ningbo, Shekou Dron-3 & Mul 29/0730/07 TBATBA Buxcoast 0FFC6E1 Q0939 RCL RCL Ag. (AS 1)
TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from NSICT
26/0727/07 25/07 1500 GFS Giselle 2408E Q0776 300171-27/06 Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo (CSC) Dronagiri 04/0805/08
TBATBA Grace Bridge 2405E Q0958 1097233-19/07 Heung A Line Sinokor India 16/0817/08
TBATBA Zhong Gu Hong Zhou 24002E
27/0728/07
Sinokor Sinokor India
Seabird CFS (CSC) TS Lines TS Lines (I) Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water PoseidonShpg. Shanghai, Ningbo, Qingdao. Speedy CFS
Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS In Port 23/07 X-Press Antlia 24004E Q0843 300690-05/07 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 27/0728/07 27/07 1700 MOL Presence 015E Q0915 301366-16/07 X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang.
07/0808/08 TBATBA Dimitris Y 246E
Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri
17/0818/08 TBATBA One Reliability 006E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service) 18/0819/08
TBATBA Cap Andreas 013E
HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS
25/0726/07 25/07 0900 Tonsberg OPUOEN1 Q0814 300479-21/07 RCL/Global Fdr. RCL Ag./Sima Marine Port Kelang, Ho Chi Minh City, Laem Chabang, Cai Mep 02/0802/08
TBATBA Tessa 24004N Q0938 301373-16/07 CU Lines/KMTC Seahorse/KMTC(I) 11/0812/08
TBATBA Wan Hai 501 E249 CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai. 25/0726/07
TBATBA Ital Unica 177E Q0847 1096185-06/07 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dronagiri-1 30/0731/07
TBATBA Wan Hai 521 E025 Q0924 301310-15/07 Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 06/0807/08
13/0814/08
TBATBA Argolikos E163
Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/
TBATBA Wan Hai 502 E125 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 27/0728/07 27/07 0600 OOCL Hamburg 151E Q0886 301025-23/07 OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo, GDL/Dron-1 01/0802/08
TS Lines TS Lines (I) Australian Ports. Dronagiri-2 27/0828/08
TBATBA Pusan 33E
Austral Asia MCS (I) Port Lae, Port Moresbay, Madang, Kavieng, Rabaul, Honiara Dronagiri-3 (CIX-3) Team Lines Team Global Log. Australia & New Zealand Ports. Conex Terminal
TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT
31/0701/08 TBATBA Xin Pu Dong 275E Q0942 301430-17/07
(AIS SERVICE) Dronagiri-2
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSFT
In Port 24/07 Yokohama Star(BMCT) 2429S Q0823 300519-03/07 CMA CGM CMA CGM Ag. Longoni, Dar Es Salaam, Zanzibar, Nacala, P.Victoria
24/0725/07 24/07 2000 GH Tramotane 02SHXS1 Q0880 301004-10/07 Hapag ISS Shpg. & Other Ports (SWAX)
Volans 2429W Q0878 300977-10/07 ONE
(India) Durban, Cape Town, Tema, Tincan, Apapa.
Spil Kartika 2430W Q0921 301336-16/07 Hapag ISS Shpg. (AIM)
09/0810/07 TBATBA Osaka 2431W 07/0808/08 TBATBA Contship Uno 24010W Q0857 300826-08/07 SeaLead SeaLead Shpg. Mombasa, Dar Es Salaam 04/0805/08 TBATBA TS Kwangyang 24005W OOCL/TS Lines OOCL(I)/TS Lines(I) (IDEA - INDIA DUBAI EAST AFRICA) GDL/—
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT
23/0724/07 Norderney 086W Q0908 301242-15/07 ONE Line ONE (India) Mombassa, Beira, Maputo. (MJI) 23/0724/07
TBATBA Maersk Florence 429W Q0870 300957-10/07 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS
30/0731/07 TBATBA Hedwig Schulte 0MSJHW1 Q0905 301203-13/07 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis (MESAWA) Dron.-3 & Mul.
08/0809/08 TBATBA CMA CGM Lebu 0MSJJW1
26/0727/07 26/07 0900 AS Christiana OMTHZW1 Q0867 300920-09/07 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3 & Mul. 01/0802/08
TBATBA Stanley A 0MTI1W Q0946 301457-17/07 Maersk Line Maersk India Pointe Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk CFS 05/0806/08 TBATBA CMA CGM Valparais 0MTI3W DAL Seatrade Durban, Port Elizabeth, Capetown, Maputo, Beira. (MIDAS-2) 28/0729/07 TBATBA Maersk Cape Town 431S Q0872 300910-10/07 Maersk Line Maersk India Mombasa, Victoria. Maersk CFS 04/0805/08
Five-year action plan in the works to boost exports to $2 trillion by 2030
NEW DELHI: It is not just a 100-day proposal to boost trade. The Department of Commerce is working on a five-year action plan to provide the building blocks for attaining the goal of $2 trillion exports of goods and services by 2030 which will build on the 100-day agenda roadmap of the Government and go beyond, sources said.
“The focus areas for the five-year plan islikelytobeexpansionanddiversification of products and markets, facilitating MSME export, growth of e-commerce, boost to the services sector, improvement of logistics and ease of doing business and bringing down transaction time and costs, among others,” an official tracking the matter said
I t w i l l c o m p r i s e v a r i o u s interventions that the Government is planning over a longer term to ensure that India’s exports remain on a steady growth path with the final objective of attaining $1 trillion exports of goods and $1 trillion exports of services by 2030, they added.
Increasing India’s meagre share in world trade is also one of the goals for the government. In 2023, the country’s share in global goods exports and imports stood at 1.8 per cent and 2.8 per cent respectively, per the WTO.
The Commerce Department has carried out discussions with various s t a k e h o l d e r s i n c l u d i n g e x p o r t promotion and industr y bodies
and taken inputs for the plan “The Department is giving final touches to the five-year action plan before it is put in the public domain,” the official said.
Last fiscal, India’s exports were hit by slowdown in global demand as turmoil in the Middle East and Russia’s war on Ukraine continued to affect economies worldwide. India’s goods exports slipped 3 per cent to $ 437 billion in 2023-24 while service exports increased 4.9 per cent to $341.1 billion during the fiscal, per government data.
In the current fiscal things appear more upbeat. Goods exports in the first quarter of 2024-25 increased 5.84 per cent to $109.96 billion. This is in line with international organisations like WTO predicting steady growth in world trade in 2024.
Growth challenge
India’s export growth challenge lies in diversifying its markets as well as products. For over one and a half decades, the US and the UAE have remained the top export destinations with the two accounting for about 25 per cent export share in 2023-24 While exports to new markets like the Netherlands, Saudi Arabia, Brazil, and Indonesia have increased consistently over the recent years, there is scope for much more diversification, both in terms of products and destinations.
“The Commerce Department wants to focus on increasing exports to markets such as Central Asia, Africa
and Latin America. Exports could also go up considerably in countries and regions with which FTAs are being negotiated such as the EU, the UK and Oman,” industry sources said.
While India’s top exports still remain traditional items like petroleum products, gems & jewellery, textiles, chemicals and pharmaceuticals, a breakthrough has been achieved in terms of increase in exports of telecom products, especially mobile phones “There is opportunity in high-tech exports and that could be one of the thrust areas,” the official said.
It has been a consistent endeavor of the government to reduce costs and time taken for exports by reducing paperwork and facilitating online transactions, the official said, adding that this will be further enhanced, especially through specific zones like SEZs, e-commerce hubs and district export hubs, the official added.
Under the 100-day agenda roadmap, the Commerce Department is hopeful of launching its Trade Connect’ e-platform to help exporters do business and get in touch with relevant stakeholders of international trade, f i n a l i s i n g s t a n d a r d o p e r a t i n g procedures for negotiating FTAs; introducing certain amendments in SEZ r ules to make them more attractive, making e-commerce hubs operative and some other measures to boost exports.
India’s economy growing at 8%: PM Modi ahead of Budget Session
NEW DELHI: Ahead of the Budget, Prime Minister Narendra Modi on Monday said that India is one of the fastest-growing economies, and the nation has sustained a growth of 8 per cent over the last three years. He asserted that the Union Budget will be a strong foundation of the government’s dream of ‘Viksit Bharat’, a developed India.
Speaking to reporters, PM Modi said that it is a matter of pride that after 60 years, a Government has come to power for the third time and will present the first Budget for the third time.
“The guarantees are being gradually implemented on the ground This Budget is an important Budget of Amrit Kaal. The Budget will decide the
course of the five-year term that we got This Budget will lay the foundation of Viksit Bharat,” he said.
“It is a matter of pride for everyone that India is one of the fastest-growing economies There is a positive outlook, opportunities are at their peak. It is an important milestone of the development journey of Bharat,” he added.
Indian economy expected to grow 6.5-7% in 2024-25: Economic Survey
N E W D E L H I : I n d i a ' s g r o s s domestic product (GDP) is expected to grow at 6.5-7 per cent in FY25, according to the Economic Survey released on Monday The survey noted that "market expectations are on the higher side."
The survey's predictions are lower than the Reserve Bank of India's 7.2 per cent but align with the 7 per cent forecast by other agencies like the International Monetary Fund (IMF) and the Asian Development Bank (ADB).
The survey stated that India's growth drivers have supported economic growth in FY24 despite uncertain global economic performance This year, merchandise and services exports are likelytoseeanuptick
"A normal rainfall forecast by the India Meteorological Department and the satisfactory spread of the southwest
monsoon thus far are likely to improve agriculture sector performance and support the revival of rural demand," it said, adding that structural reforms like the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code ( I B C ) h a v e " m a t u r e d " a n d a r e "delivering envisaged results."
On the other hand, the survey noted that the monsoon still has "some ways to go," and a note of caution was warranted in the private sector
"Private capital formation, after good growth in the last three years, may turn slightly more cautious because of fears of cheaper imports from countries with excess capacity," it added.
"Considering these factors, the survey conservatively projects real GDP growth of 6.5–7 per cent, with risks evenly balanced, cognizant of the fact
that market expectations are on the higher side," it said.
T h e E c o n o m i c S u r v e y a l s o mentioned that the current GDP level is close to the pre-pandemic trajectory in Q4FY24.
The survey highlighted that global financial markets have scaled new heights in the past year, with investors betting on global economic expansion.
"However, any corrections in the elevated financial market valuations may have ramifications for household finances and corporate valuation, n e g a t i v e l y i m p a c t i n g g r o w t h prospects," it added.
It also stated that hiring in the information technology (IT) sector has slowed down in FY24. Even if it may not decline further this year, "it is unlikely to pick up significantly."
VESSELS DUE AT MUMBAI FOR EXPORT LOADING
ETA ETD Vessel's Voy Rot
MUMBAI
Carting Line Agents Will Load For Name No No & Dt Point
TO LOAD FOR UK, NORTH CONT, SCAN, BLACK SEA, EAST EUROPE & CIS PORTS
The above vessel is arriving at NHAVA SHEVA (BMCT), INDIA on 24-07-2024 with import cargoes from ports HOCHIMINH, HONG KONG, JAKARTA, PORT KLANG NORTHPORT, SHANGHAI, SURABAYA also transshipment cargo of following Ex. Mother vessels:
Item No. and 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.
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
VESSEL
DGFT, Customs process overhaul, Revamp Textile PLI scheme to boost exports: GTRI
NEW DELHI: Think tank Global Trade Research Initiative (GTRI) has suggested suspension of quality control orders (QCO) on polyester and viscose staple fibre for a few years to allow domestic manufacturers to become competitive, expansion of products covered and criteria relaxation in the textileproductionlinkedincentive(PLI) scheme, overhaul of Directorate of Foreign Trade (DGFT) and Customs p r o c e d u r e s , a n d a d d r e s s i n g monopolistic practices of domestic suppliers, to boost India’s garment exports.
Highlighting complex procedures, import restrictions and domestic vested interests are hindering the export growth of the Indian garment sector, it said that sourcing quality raw fabric, particularly synthetic fabric being the root causes of exporters’ problem.
The report assumes significant in the wake of India losing to other countries even as garment and textile imports rise steadily
I n 2 0 2 3 , C h i n a e x p o r t e d $114 billion worth of garments, followed by the EU with $94.4 billion, V i e t n a m w i t h $ 8 1 . 6 b i l l i o n , Bangladesh with $43 8 billion, and India with just $14.5 billion.
“This shows India significantly trails behind,” said Ajay Srivastava, Co-Founder, GTRI.
From 2013 to 2023, Bangladesh’s gar ment exports grew 69.6%, Vietnam’s 81.6%, but India’s outbound shipments rose 4.6%.
As a result, India's global market share in garment trade has declined from 2015 to 2022. The share of knitted apparel dropped to 3.10% in 2022 from 3 85% in 2015, and the share of non-knitted apparel decreased to 3.7% from 4.6%.
Srivastava said that QCOs have undermined the MMF supply chain’s competitiveness by limiting access to affordable and specialized raw materials. Moreover, the Bureau of I n d i a n S t a n d a r d s i s s l o w i n registering foreign suppliers and this
delay compels exporters to buy from domestic monopolies at higher prices.
U n l i k e i n B a n g l a d e s h a n d Vietnam, where exporters easily access quality imported fabrics, Indian exporters struggle daily, according to the report.
“High import duties on fabrics, coupled with DGFT and Customs; intricate procedures, force exporters to meticulously account for every inch and type of fabric imported,” he said.
Garment imports rose 47 9% between 2018 and 2023 while India’s textile imports increased 20 86% during the period.
GTRI also said firms obtain advance authorisations from DGFT for importing duty-free inputs for export production, and the directorate currently requires that unutilised authorisations surrendered to them must be accompanied by a non-utilisation letter/certificate from Customs, which increases the transactioncosts
Gujarat exports 689.5 metric tonnes of mangoes
GANDHINAGAR: Gujarat has exported 689 5 metric tonnes of mangoes in 2023-24, totaling over 2,500 metric tonnes in the past five years. The state has also exported a r o u n d 2 1 0 m e t r i c t o n n e s o f irradiated Kesar mangoes from the Bavla, Ahmedabad Irradiation Facility. Mango cultivation in Gujarat covers 1,77,514 hectares, making it a significant part of the state’s agricultural economy
T h e G u j a r a t H o r t i c u l t u r e
Department has disbursed Rs. 15.29 crore in financial aid to mango farmers for 2023-24 Under the leadership of Chief Minister Shri Bhupendra Patel, Gujarat has made notable progress in agriculture, particularly in mango production, earning national acclaim for its Kesar mangoes.
In Gujarat, a total of 4,49,389 hectares is dedicated to horticulturalfruit and flower crops- with 1,77,514 hectares specifically dedicated for
in 2023-24
mango cultivation Mangoes grow primarily in the Valsad, Navsari, Gir-Somnath, Kachchh, and Surat districts TheKesarmangofromTalala Gir is praised globally for its superb quality and has been honored with the Geographical Indication (GI) Tag Beyond Gir, Kesar mangoes are also produced in Kutch. Additionally, Gujarat’s mango production includes other special varieties such as Hafus (Alphonso), Rajapuri, Totapuri, and Sonpari.
Amid raging ghting in Myanmar, 100th shipment from India reaches Sittwe Port
KOLKATA: Amid raging fighting in the Rakhine province of Myanmar, the Sittwe port built under the K a l a d a n M u l t i - m o d a l Tr a n s i t Transport Project (KMTTP) marked the arrival of the 100th vessel MV Yadnar Pan Tuang earlier this week carrying 2,200 tonnes of bagged cement, Bharat Freight Group the company operating it announced. The Sittwe port was inaugurated on May 09, 2023.
“In the 434 days of operation, the port has handled 70 vessels carrying relief cargo [approximately 83,000 tonnes] for free and 30 [26,000 tonnes] ships carrying commercial cargo, thus completing 1,09,000 tonnes in all,” the company said in a statement.
T h e s i t u a t i o
p
launched a coordinated attack last
October against the Myanmar Junta, which has been ruling the country since the coup in February 2021, and since gained significant ground across bases gaining control over large swathes of land along the borders with India, Bangladesh, and China.
A project official on the ground said the ongoing conflict has not impacted operations at the port and in turn both the factions were providing security for the project. The fighting is happening about 5 kms away from the port, the official said.
E l a b o r a t i n g o n t h e p o r t o p e r a t i o n s , t h e c o m p a n y statement said that just five days after inauguration, cyclonic Mocha storm was formed in the Bay of Bengal and devastated the port and the city on May 14, 2023, and
the city was evacuated by June 14 due to the fight between the Junta and Arakan army “Despite all the challenges, Bharat Freight Global’s local team and the team at Yangon as well as head office in Mumbai continued to work with skeleton team and online support to keep the port with the support and security provided by all the stakeholder government bodies involved in Myanmar as well as India,” it stated
All the port warehouses are now almost completely restored (roofing sheet installation work in progress in the last warehouse – 35% balance) to its ori
ition and a
equipment and office setup restored to its original status, all licenses renewed along with insurance, the company added.
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
TODAY’S TIDE 26/07/2024
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I SW South Wind Synergy Seaport 27/07
CJ-II Della Synergy Seaport 28/07
CJ-III Sweet Lady III BS Shpg. 25/07
CJ-IV Global Unity Cross Trade 24/07
CJ-V Athos Arnav Shpg. 27/07
CJ-VI Kouros Glory Dariya Shpg. 28/07
CJ-VII Bellina Colossus Dariya Shpg. 26/07
CJ-VIII VACANT
CJ-IX Century Eagle Oceean Harmony 25/07
CJ-X Eurosun Genesis 24/07
CJ-XI VACANT
CJ-XII VACANT
CJ-XIII BBC Zarate Marcons 25/07
CJ-XIV Gramba Synergy Seaport 27/07
CJ-XV Mercurius Arnav Shpg. 26/07
CJ-XVA Cariboo Synergy Seaport 31/07
CJ-XVI Propel Grace Cross Trade 26/07
TUNA VESSEL'S NAME AGENT'S NAME ETD Flag Seaman Taurus 24/07
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Chem Leone
OJ-II Rabigh Sunshine
OJ-III SG Hongkong
OJ-IV Sea Elegant Samudra 24/07
OJ-V Jal Kisan GAC Shpg. 24/07
OJ-VI VACANT
OJ-VII CL Huaiyang Interocean 24/07
SHIPS
Shamim 20/07 Bandar Abbas
SSF Dynamic 20/07 Port Khalifa
Aruna Eagle 20/07 USA
Hampton Ocean 21/07 Europe
Fortune ARK 22/07 China
Yuan Wang He Xie 22/07
African Wagtail 23/07
AL Mothanna 23/07 Dji Bouti
TCI Anand 23/07 Manglore/ Cochin/Tuticorin
Safeen Power 23/07 Jebel Ali
MO Joud DBC 13/07
Ince Ilgaz Arnav Shpg. 18/07
Asi M Chowgule S. 19/07
VESSELS IN PORT & DUE FOR EXPORT LOADING
24/07 African Leopard Aditya Marine
Stream Asi M Chowgule S.
CJ-XIII BBC Zarate Marcons
Stream Cetus Cachalot Chowgule S. Korea
Stream Common Venture BS Shpg. Cotonou
CJ-II Della Synergy Seaport Nacala
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
GENERAL CARGO VESSELS
CJ-V Athos Arnav Shpg. USA 21,521/8,100 T. SSS/HMC INIXY124070029 27/07 Barramundi Interocean
T. Sugar In Bulk INIXY124070171
CJ-VII Bellina Colossus Dariya Shpg. 30,000 T Steam Non Coking Coal In Bulk
CJ-XVA Cariboo Synergy Seaport New Zealand 38,000 CBM Pine Logs INIXY124070090
24/07 Carina Benline 48,621 T. Petcoke In Bulk INIXY124070172
CJ-IX Century Eagle OceeanHarmony 50,955 T. Petcoke In Bulk INIXY124070175 Tuna Flag Seaman Taurus USA 1,22,180 T.US Steam Coal In Bulk
CJ-IV Global Unity Cross Trade 40,000 T. MOP In Bulk INIXY124070149
CJ-XIV Gramba Synergy Seaport New Zealand 43,055 CBM Pine Logs 2024061361
23/07 Imari DBC Japan 3,062/1,715/38 T CRC/ INIXY124070144 S.BARS/Proj Cargo Stream Ince Ilgaz Arnav Shpg. Ukrain
T. Yellow Maize In Bulk INIXY124070137
27/07 Jabal AR Rawdah GAC Shpg. 59,903 T. Petcoke In Bulk INIXY124070212
CJ-VI Kouros Glory Dariya Shpg. Saudi Arabia
T. Steam Non Cokimg SA Coal In Bulk CJ-XVI Propel Grace Cross Trade
CBM Logs INIXY124070003
LIQUID CARGO VESSELS
23/07 Elandra Maple Interocean
24/07 Geum Gang
23/07 Ginga Saker GAC
26/07 GW Dolphin Interocean
OJ-V Jal Kisan GAC Shpg. Al Jubail
23/07 Kruibeke Seaworld
Stream KS Angelina Samudra Malaysia
Stream Moonbeam Marinelinks
Stream Penna J M Baxi
23/07 Raon Teresa Samudra
Stream Sakura Spirit ISS Shpg.
Stream Seapromise Interocean
OJ-IV Sea Elegant
Stream Silver Gertrude Interocean
23/07 Songa Neptune Interocean
Stream Southern Quokka GAC Shpg.
Stream Southern Wolf J M Baxi
23/07 Stolt Lind J M Baxi
INIXY124070168
& Butane INIXY124070177
INIXY124070213
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT
ADANI MUNDRA CONTAINER
DP WORLD MUNDRA
29/07 29/07-AM GFS Giselle 2408 4072606 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)
02/08 01/08-PM CCNI Angol 430E 4072683 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 03/08 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1)
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, (FEX) TO LOAD FOR INDIAN SUB CONTINENT
25/07 24/07-PM Maersk Aras 428W 4062363 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
Wan Hai 510 (V-180E) Port Kelang 20-07-2024 Marathopolis (V-429S) Port Qasim 20-07-2024 Wadi Duka (V-2413) Jeddah 21-07-2024
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
Zhong Gu Fu Zhou 2401E 2402622 TS Lines Samsara Shpg
—/— Xin Chang Shu 87E 2402525 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 24/07
28/07 28/07-AM Wan Hai 625 13E 2402639 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)
27/07 26/07-AM Wan Hai 309 023E 2402709 Wan Hai Line Wan Hai Lines Port Kelang, Jakarta, Surabaya. (SI8 / JAR) 28/07 KMTC / Interasia KMTC (I) / Interasia 29/07 29/07-PM Zoi 115E 2402545 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 30/07 Evergreen/KMTCEvergreen/KMTC (FIVE) — TBA One/X-Press Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) — KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX) TO
24/07 Hyundai Premium (V-093E) HMM/TS Lines HMM Shpg./TS Lines(I) Far
03/08 Hyundai Bangkok (V-0117E)
24/07 KMTC Yokohama (V - E2406) Wan Hai /KMTC Wan Hai Line (I)/KMTC (I) Far East
23/07 Maersk Aaras (V-428W) Maersk Maersk India Africa
03/08 MSC Maria Laura II (V-430R) MSC MSC Agency Gulf
(V-XA428A)(Sailed)
24/07 San Pedro (V-042W) COSCO/OOCL COSCO Shipping/OOCL (i)
29/07 SM Neyyar (V-0427W) Maersk/Safeen Feeders Maersk India/Sima Marine
01/08 Seaspan Jakarta (V-0430W)
Calcutta Freight Brokers Assn. held its 86th AGM
Shri Ajay Chhajer elected as new Chairman and Shri Vivek Choudhary as Vice Chairman for the financial year 2024-26
KOLKATA: The Calcutta Freight Brokers Association (CFBA) recently held its 86th Annual General Meeting at Royal Platinum Lounge, Royal Calcutta Golf Club, Kolkata on July 12, 2024. The Association elected the new committee for 2024-26.
Shri Ajay Chhajer elected as new Chairman and Shri Vivek Choudhary as Vice chairman, whereas other Managing Committee Members are Shri Bharat Jain, Shri Rajiv Agarwall, Shri Manoj Vyas, Shri Pawan Farmania and Shri Ashish Lakhotia for the term 2024-2026.
Shri Bharat Jain, immediate past Chairman of CFBA, in his speech, welcomed Chief Guest, Capt. Deepak Tewari, Managing Director, MSC Agency India Pvt. Ltd., Capt. Indrajit Dasgupta, CEO at Cosco Shipping Lines India Pvt. Ltd, and other distinguished guests including Mr Indrajeet Sengupta, MSC Agency, Capt. G. S. Gill, Sea Consortium Shipping India Pvt. Ltd., Mr. Vivek Sharma, Zim Integrated Shipping Services India Pvt Ltd and Mr. Ashok Jankiraman, President of ASIC and Chairman of FEDSAI. He also thanked Shri Anup Deosthalee, Shri Rajiv Mukhtyar, the members of the Bombay Overseas Freight Broker's Association (BOFBA) and other dignitaries from various shipping companies across India. He also shows his gratitude for co-operation and assures the members about Association's support with the times.
“The Port of Kolkata, or SMPK has been witnessing a steady rise its cargo in successive years. In 22-23 it handled 65.6 million tonnes and in the last fiscal of 23-24 it surpassed its own record by touching a record of 66.4 M cargo. The new policies of the Govt and the Port authority, which is stressing on the priority of PPP initiatives are likely to bring about significant changes in the future for the Port and Shipping sector in the eastern region.”
While expressing his views to Daily Shipping Times, Shri Jain said, “CFBA want to act as a platform for networking with open dialogue, idea exchange, and collaborative endeavors.”
“CFBA plays instrumental roles in providing viable alternate solutions, in adverse conditions, largely due to active support and co-operation of all shipping companies.” “The current congestion, crisis developed from Red Sea, which primarily impacted gateway ports due to high cargo demand and inland transport congestion as well as directly affecting trans-shipment hubs due to changes in carrier service patterns, vessel re-routings. Escalation of trade disputes between the EU, US and China is also a potential cause of concern for all of us. We are facing acute shortages of containers and shipping space as Chinese exporters are scrambling to ship their goods before the recently announced increase in US tariffs coming into effect on 1st August.”
“Billed as a path-breaking initiative, the IMEC envisages a vast road, rail-road and shipping network safeguarding from the risk associated with the current route, which traverses the Red Sea. The proposed multimodal corridor will supplement existing maritime routes.”
Shri Ajay Chhajer, newly elected Chairman of the CFBA, welcoming the chief guest and the dignitaries present from various shipping companies as well as members, shares that the collective strength and commitment from the members towards the growth and success of the container shipping industry in Kolkata.
Shri Chhajer said, “Markets are competitive and the high ocean freight rates have been determined by unprecedented consumer
demand that overwhelmed the supply of vessel capacity. Congestion further constrained available capacity.” Focusing the Indian economic condition in comparison with global economy and the present scenario post Ukraine war, economic turbulence in US and Chinese economy, the Chairman highlighted all spheres that created a great concern for global trade. The role of freight brokers, freight forwarders, logistics services provider, becoming tougher day by day, he expressed.
He said, “We are thankful to Syama Prasad Mookerjee Port for implementing lot of trade friendly measures, though there are still areas of t o s t r i v e f o r b e t t e r infrastructure & consistency in draft levels.”
Shri Chhajer while expressing his views to Daily Shipping Times said, “The focus of the Association continued towards building up healthier partnerships with the shipping companies in order to jointly address issues of mutual interest.”
The Chief Guest Capt. Deepak Tewari, Managing Director, MSC Agency India Pvt. Ltd., remembering his long association with Kolkata and the trade fraternity and also CFBA's contribution towards logistics growth of East India.
Capt. Tewari spell-bounded the audience with his in-depth analysis on worldwide shipping and logistics sector in digital presentation. Highlighted his own company, MSC's contribution to the sector, handles 20% of global trade, and also its presence in various sectors. He expresses that it is the financial conflict that is posing the biggest risk to the global trade today. Trade-tariff barriers, duties, actually affecting the global trade at all. He explained that the shipping fraternity met with Commerce Ministry and appealed to the Prime Minister also to seriously look over India's position in global trade amongst other countries and to introduce trade-friendly measures to overcome this.
Talking about Global shipping scenario, he said, “the transatlantic, trans-Pacific and Far East Europe are the main sectors where the shipping capacity is being deployed. About these three routes, deploying about 65% of the container shipping capacity.”
“On an average consumption pattern, this is what interests the world to look at India and trade with India, knowing that this indicates the future of patterns of trade. India on the global logistics map and 38th in the logistics index. The focal point is India's logistics cost being 9% of GDP , which is to be addressed very seriously as against the big countries.”
Highlighting on the Climate change as another big risk for the shipping sector, he expressed the IMO guidelines about the use of green fuel The Governments have to combine together, for arrangement for funds for supply of green fuel, he pointed out. He welcomes the Kolkata traders to use the newly launched Calcutta-Kalviya Port Link Express from Haldia port for their shipment. He assures all support to the exporters/importers using the service. He also thanked SMPT chairman for his continuous support.
The event ended with vote of thanks by Shri Ajay Chhajer, newly elected Chairman, CFBA followed by dinner and cocktails.
