German Express Shipping Agency (India) Pvt. Ltd. Container Freight Station - Chennai See Pg. 3
YEARS
Vol. LX No. 171 FRIDAY 25th SEPTEMBER 2020
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Allcargo takes big strides to Indian Exports start recovering while Imports remain subdued : Maersk step up growth in Africa MUMBAI: Global logistics behemoth Allcargo has taken giant strides to accelerate growth across Africa’s vast logistics ecosystem. Allcargo is leveraging its global expertise to undertake trans-country movement of big project cargoes in the world’s second-largest continent. Building close collaborations with partners, customers and stakeholders within Africa, Allcargo has exuded a spirit of innovation while tackling complex projects like ODC transportation, water pipelines and power transmission lines. “Allcargo’s global aspirations are driven by its aim to create opportunities, drive partner progress, and lend its expertise to projects across geographies that transform economies and boost growth. It is this futuristic approach that has led the company to create a niche in Africa. Committing to the highest standards of safety and zero compromise on compliance, Allcargo is set to prove its mettle as a trusted logistics partner in helping Africa scale new heights of growth,” said Rahul Rai, Business Head – Projects & Engineering Division, Allcargo Logistics, on the sidelines of the 15th CII - Exim Bank Digital Conclave on India Africa Project Partnership. Cont’d. Back Pg.
The Indian containerised trade drops by 30% in the second quarter of 2020 as compared to the same period last year. However, as economies around the world start opening, India’s exports gain momentum and show signs of a V-shaped recovery.
MUMBAI: The COVID-19 global pandemic has impacted global trade in many ways. The lockdowns in various geographies around the world, the closure of international borders and sudden demand-shock created an unprecedented distress in the global trade. However, as the economies around the world started opening in a staggered manner, the containerised trade has started showing signs of recovery from one of the biggest slumps in the modern times. During Q2 of 2020 (April to June), the Indian containerised trade contracted by almost 30% as compared to the same period last year. Exports out of India were down by over 24% while imports suffered a greater shock with a fall of almost 34%. Cont’d. Pg. 2
Major Port Authorities Bill, 2020 passed by the Lok Sabha NEW DELHI: The Lok Sabha recently passed the Major Port Authorities Bill, 2020 that looks to reorient the governance model in central ports to landlord model, whereby port infrastructure is leased to private operators. The bill aims at decentralizing decision making and to infuse professionalism in governance of major ports. The landlord model of port operation is widely followed globally.
Of the 204 ports in the country, 12 are Major Ports, including Deendayal (erstwhile Kandla), Mumbai, JNPT and Cochin. “I am introducing the Major Port authorities bill with the vision to make major ports competent and improve their efficiencies,” Shipping Minister Mansukh Mandaviya said in the Parliament. Cont’d. Pg. 11
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