MUM-26-05-2023

See Back Pg.

JNPA celebrates 34th Foundation Day Today

NAVI MUMBAI: The Jawaharlal Nehru Port Authority (JNPA), commissioned on 26th May 1989, commemorates 34 Years today. It has transformed from a Bulk- Cargo Terminal to become the Premier Container Port in the Country handling around 50% of the total Containerized cargovolume,acrosstheMajorPortsofIndia.

JNPA now is connected to over 200 ports in the World and is ranked 26th in the list of Top 100 Container PortsGlobally.

Cont’d. Pg. 4

Govt working to reduce logistics cost to 9 % of GDP: Nitin Gadkari

NEW DELHI: The Government is working to bring down logistics cost to 9 per cent of GDP in the next three years from the current 14-16 per cent, Union Minister NitinGadkari saidrecently.

Shri Sanjay Sethi, IAS Shri Unmesh Sharad Wagh, IRS

JNPA celebrates 34th Foundation Day Today

Visionaries who paved the way! The First Board of Trustees of JNPA - Architects of progress, shaping India'smaritimefuturesinceinception.

Cont’d. from Pg. 2

Currently JNPA operates Five Container Terminals : The NhavaSheva Free Port Terminals (NSFT), the Nhava Sheva International Container Terminal (NSICT), the Gateway Terminals India Pvt. Ltd. (GTIPL), Nhava Sheva International Gateway Terminal (NSIGT), and the newly commissioned Bharat Mumbai Container Terminals Private Limited (BMCT). The port also has a shallow Water Berth for general cargo and another Liquid Cargo Terminal which is managed by BPCL-IOCL consortium.Inaddition,theJNPAisalsodevelopingsatellite PortatVadhvanand4DryPorts–Jalna,Wardha,Sangliand Nashiktopromoteindustrializationofthehinterland.

Lastfiscalitcreatedthehistorywhenitregisteredits highest ever throughput of 6.05 MTEUs in 2022-23. The Port had crossed 6 MTEUs on March 30, 2023. Recently JNPA added another feat when it set a Global benchmarkincontainercargohandling.Accordingtothe Logistics Performance Index (LPI) Report, 2023, published by the World Bank, JNPA has an impressive turnaroundtime(TAT)ofjust22hours(equalto0.9days), puttingIndiaamongstthetopperformers.

LET’S REWIND IN HISTORY

1970s –First artistic impression of Nhava Sheva Port

Taking a moment to reflect on the past as we unveil the initial artistic representation of the early blueprint for Sheva Dock, now famously recognized asJNPort.

Inauguration of JN Port

Throwback to the time when, The then Chief Minister of Maharashtra, Mr. Sharad Pawar, Former Prime Minister Mr. Rajiv Gandhi, the First Chairperson of JN Port, Ms. Anna Malhotra, and Former Minister For Surface Transport, Mr. Rajesh Pilot, inaugurated JN Port in 1989. Here began the journey of JN Port!

First Board of Trustees of JNPA

Capturing the EssenceofNostalgia: Unveiling the

First Vessel Moored at JN Port

Throwback to the early days! Take a look at the snapshot of MV Kalidasa, the ship of The Shipping Corporation of India Ltd. gracefully anchored at JN Port. It was visited by our First Chairperson late Ms. Anna Malhotra, &otherJNPAofficials.

1989 –

Unveiling of Bombay Steamer Newsletter

Throwback to 1989: Unveiling the edition of the 'Bombay Steamer Newsletter' featuring quotes from distinguished individuals expressing their heartfelt wishes and emphasizing the significance of JNPort.

PPP - Notable

Milestone in India's Maritime sector in 1999

In 1999, a significant development took place in India's maritime industry as JN Port commissioned NSICT, the country's inaugural port under the PPP (Public-Private Partnership) model. This event markedanotablemilestoneinIndia'smaritimesector. KeyMilestonespost2000

• In 2001, JN Port becomes first Indian Port to handle morethan1millionTEUs

• In 2002, The Bulk Terminal is tendered to be converted into a Container Terminal & Twin-berth Liquid Cargo Terminal, jointly developed by BPCL andIOConBOTbasisiscommissioned

• In 2006, GTICT the third container terminal developed by Gateway Terminals of India Pvt. Ltd., a consortium of AP Moller Maersk and CONCOR, iscommissionedcommencesoperations

• In 2010, JN Port crosses 4 million TEUs in Container handling

• In 2014, Concession agreement for fourth Container Terminal at JN Port is signed with Bharat Mumbai Container Terminals Pvt. Ltd., a subsidiary ofPortofSingaporeAuthority(PSA),Singapore

• In 2018, Hon'ble Prime Minister Shri. Narendra Modi innaugrating the 4th Container Terminal atJNPort.

JNPA celebrates 34th Foundation Day Today

Cont’d. from Pg. 4

• In 2020, JNPA Special Economic Zone (SEZ) Stands operational

• In 2020, Jawaharlal Nehru Port Authority (JNPA) has opened a new Centralized Parking Plaza (CPP) for container tractor trailers with Customs facilitation, aspartofitseffortstopromoteeaseofdoingbusiness

• In 2021, To give momentum to coastal shipping, the Govt of India has decided to have Coastal vessel berth every major port which is to be located in the shallower portion where large International ships cannot come, to accommodate the coastal vessel wherein the cargo handling shall be free from custom and immigration formalities. Responding to this requirement, JNPA has taken up the project of ‘CoastalBerth’

• In2023,JNPArecordsitshighesteverTrafficsince its inception under the Dynamic leadership of ShriSanjaySethi,IAS,ChairmanandShriUnmesh SharadWagh,IRS,DeputyChairman.

Adani Group exploring $3-billion investment in Vietnam

HANOI: The Vietnam Government has said Adani Group is exploring $3-billion investment in the country’s seaport ecosystem and wind and solar energy projects.

“Adani Group wants to develop a seaport ecosystem as well as wind and solar energy projects in Vietnam, with a combined investment of $3 billion,” the Vietnamese governmentsaidinastatement.

Vietnamese Prime Minister Pham Minh Chinh receivedKaranAdani,ChiefExecutiveOfficerofAdani Ports and Special Economic Zons Ltd (APSEZ), in Hanoirecently

Chinh briefed Karan Adani on Vietnam’s development orientations focused on three strategic breakthroughs, namelyperfectin.

Vietnam creates the best possible conditions for foreignbusinesses,includingthosefromIndia,toinvestin

strategic infrastructure such as transport, energy, digital and climate change infrastructure, inthecountry,hestressed.

He noted that digital transformation to build a digital economy and digital society is an irreversible trend of the world at present, and Vietnam is not an exception. He expressed his hope that Adani Group would expand its investment strongly in this field in Vietnam.

Karan Adani said Adani Group is the leading economic group in India operating in multiple fields such as seaport, transportation, logistics, energy, and digital technology in more than 50 countries aroundtheworld.

Following the recent fact-finding tour, he said the conglomerate has decided to pour long-term investments in Vietnam, not only in seaports and logistics,butalsoinenergyanddigitaltechnology.

Adani Group wishes to build a green seaport ecosystemandinvestinwindandsolarpowerplantsin Vietnam, with a total capital of about $3 billion, said KaranAdani.

He assured his host that the conglomerate would soon work alongside relevant ministries and agencies ofVietnamtodevelopspecificcooperationprojects.

“Vietnam is willing to create more favourable conditions for India’s large companies, including Adani, to invest and do business in the country,” Chinh told Karan at the meeting, according to thestatement.

ChinhsaidVietnamwelcomedAdani’sinvestment, initially in Lien Chieu Port in the central city of Danang,accordingtothestatement.

Karan told Chinh that Adani would soon work with Vietnamese partners and stakeholders on specific investment projects in the country, according to the statement, which said the investment could reach $10billionoverthelongerterm.

Earlier this month, Adani Ports and Special EconomicZoneLtdsaidithascompletedthesaleofits Myanmar port Coastal International Terminals Pte Limitedfor$30million.

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

FOR

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

(EPIC / IPAK)

Helsingborg, Gothenburg & Red Sea,

SCI CMT Southampton, Rotterdam,Antwerp,Dunkirk, Felixstowe, Le Havre

COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.

Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos

Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens,

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

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

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

Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg,

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

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI

TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from BMCT

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

TO

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

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

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

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

ICC Line Neptune UAE & Upper Gulf Ports.

Ceekay Parekh Gulf Ports.

FOR

COASTAL

ASIA GULF PORTS From BMCT

GDL &

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

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

TO LOAD FOR

EAST, CHINA & JAPAN PORTS from NSICT

Chabang. Dronagiri-3 CISC

TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2 HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo.

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

Lines TS Lines (I) Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao.

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

PORTS from GTI

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

Vietnam &

Far East & China Ports. China India Express Service (CIX/ICX) Gold

NEW ZEALAND PORTS from GTI

& NEW ZEALAND PORTS from BMCT

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

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

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

from BMCT

JAIGARH PORT LIMITED

Durban, Dar Es Salaam/Maputo/Mombasa-T/S at Durban

30/0601/07 Alliance Norfolk 130 Hoegh Autoliners Merchant Shpg. Durban, Dakar, Dar Es Salaam/Maputo/Mombasa-T/S at Durban Abidjan, Lagos, Luanda & other Ports in West Africa-T/S at Dakar

NOTICE TO CONSIGNEES m.v.“NAVI SUNNY”

The captioned vessel is due to arrive at MUMBAI Port on 04.06.2023 with import cargo from SHANGHAI (CHINA).

Consignee expecting import cargoes on the captioned vessel are requested to present the ORIGINAL BILLS OF LADING duly discharged and obtain delivery orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignees risks and costs.

"Stamp duty" is payable as per the directive of the Superintendent of stamps.

Consignees will please note that the carrier and/or their agents are not bound to send individual notification regarding the arrival of the vessel or their cargo.

Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the PACKING LIST to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the Vessel/Owners/Agents will not be held responsible for consequences arising thereof.

In view of the customs notification in respect to the amendments to the manifest, the consignees are requested to contact the vessel agents office atleast 2 working days prior vessels arrival to verify and confirm that the declarations in the manifest to be filed are in conformity with the bills of lading issued and in possession of the consignees.

In the event of the consignees fail to present their documents for verification and confirm the correctness of the manifest prior filing of the same, the onus of any amendment that will be required after the filing of the manifest with the customs will be on the consignee/receivers who will be responsible for all risk, costs and consequences that may arise. Consignees requiring a steamer survey to be conducted for goods discharged may contact the agents office for the same.

As Agents

J.M. BAXI & Co.

Ready Money Mansion Bldg., 2nd Floor, 43 Veer Nariman Road, Near Fountain, Next to Akbarallys, Mumbai 400001 Tel : 91-22-61388177, 61388142, 61388140 / 98704 55206 / 98704 55209 • Fax : 91-22-22040382

Email: jmbdocumentation-mumbai@jmbaxi.com / enq@jmbaxi.com

NOTICE TO CONSIGNEES

m.v.“LADY FLORA”

The captioned vessel is due to arrive at MUMBAI Port on 08.06.2023 with import cargo from SHANGHAI (CHINA).

Consignee expecting import cargoes on the captioned vessel are requested to present the ORIGINAL BILLS OF LADING duly discharged and obtain delivery orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignees risks and costs.

"Stamp duty" is payable as per the directive of the Superintendent of stamps.

Consignees will please note that the carrier and/or their agents are not bound to send individual notification regarding the arrival of the vessel or their cargo.

Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the PACKING LIST to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the Vessel/Owners/Agents will not be held responsible for consequences arising thereof.

In view of the customs notification in respect to the amendments to the manifest, the consignees are requested to contact the vessel agents office atleast 2 working days prior vessels arrival to verify and confirm that the declarations in the manifest to be filed are in conformity with the bills of lading issued and in possession of the consignees.

In the event of the consignees fail to present their documents for verification and confirm the correctness of the manifest prior filing of the same, the onus of any amendment that will be required after the filing of the manifest with the customs will be on the consignee/receivers who will be responsible for all risk, costs and consequences that may arise. Consignees requiring a steamer survey to be conducted for goods discharged may contact the agents office for the same.

As Agents

Govt working to reduce logistics cost to 9 % of GDP: Nitin Gadkari

Cont’d. from Pg. 2

Speaking at an event organised by industry chamber CII, the Road, Transport and Highways Minister further said India's exports will increase when its logistics cost will comedowntosingledigit.

The Government is going by certain estimates which suggest that logistics cost in India is in double digits. The government has rolled out anationallogisticspolicyandPMGati Shakti initiative to boost competitiveness of industry and cut logisticscosts.

Earlier this year, the Commerce and Industry Ministry had said that a task force will be set up for The task force members would include representatives from NITI Aayog, MinistryofStatisticsandProgramme Implementation (MOSPI), National Council of Applied Economic Research (NCAER), academic expertsandotherstakeholders.

In terms of EV production, Gadkari said that India was 4th in EV production and is currently 3rd, leapfroggingJapan,andwouldbefirst inthenext5years.

"Indiaisamajorexporthubofcars and in the coming days, our tractor, buses, auto rickshaws will be exportedtoo,"hesaid.

The Minister urged the private sector to come forward and leverage the increasing investment opportunities in the sector, given the increasing economic viability, per-capita GDP and rising opportunities.

"Entrepreneurship and adequate investments are highly important to make India a super economic power," hesaid.

Coordination & Cooperation required under PM Gati Shakti among all stakeholders for developing ecosystem : Nitin Gadkari

NEWDELHI: UnionMinisterfor Road Transport and Highways

Shri Nitin Gadkari said Coordination, Cooperation and Communication under PM Gati Shakti Master plan among all stakeholders is necessary for National Highway development ecosystem. NHAI Workshop on Implementation of e-BG & Insurance Surety Bonds for Contracts in New Delhi he said decision making hastobetimebound,transparentand resultoriented.

Minister of State Gen. (Dr.) V. K. Singh (Retd.); Shri Anurag Jain, Secretary, MoRTH; Shri Santosh Kumar Yadav Chairman, NHAI & senior officials from MoRTH, NeSL, IRDAI, NHAI, NHIDCL, Industry

experts,representativesofbanksand insurance companies were present ontheoccasion.

Theobjectiveofthisworkshopwas to highlight the benefits of e-BGs and Insurance Surety Bonds among various stakeholders and expedite adoption of these instruments. Wider implementation of e-BG and Insurance Surety Bonds will ensure greater transparency and efficiency ofprocesses.

The workshop saw various presentations made by NeSL, Banks and Insurance Companies. The sessions dwelled deeper into e-BG workflow, Regulatory Framework of Surety Bonds and deliberated different prospectives for vendorsandthebeneficiaries.

NHAI has started accepting the Bid Security and Performance Securityintheformofe-BG.However, atpresentonly13banksin19states& Union Territories provide the facility of issuing e-BG. Despite this, till date about 202 e-BGs pertaining to NHAI contracts have been issued by various banks in different states throughNeSLplatform.

NHAI is also in touch with the insurance companies to analyze use of Insurance Surety Bonds as an additional mode of submitting Bid Security and /or Performance Security Deposit. The Insurance Surety Bonds, when issued, would be cost effective and provide adequate security for NHAI projects.

CWC to get Company Status to improve Ease of Doing Business

NEW DELHI: Almost seven decadesafteritsinception,theCentre plans to unshackle Central Warehousing Corporation (CWC) from being a statutory body into becoming a company by amending the Warehousing Corporations Act and introducing a CWC (Transfer of Undertaking)Bill.

“Since CWC is already a grade one Miniratna and is a commercial organisation,itscontinuationunderthe Warehousing Corporations Act only imposesrestrictionsthatarebottleneck to business expansion, roadblock to decision making and a restrain to competing with private players in the sector,”saidanofficialsource.

He said the administrative Department of Food and Public Distribution held a meeting with all stakeholders last January where it was decided to go ahead with CWC transformation.InJuly2021,theCWC board gave an “in principle approval”

foritsconversionintoacompany.

Once CWC becomes a company under the Companies Act of 2013, it would be able to exercise the powers of the Miniratna and expand its business into a full logistic supply chain without bureaucratic interference,headded.

CWC was created in 1957 for warehousing agricultural produce and certain other commodities but it must take prior approval of the central government before venturing intoanyothercommercialactivity.

It operates 424 warehouses with an operational capacity of about 110 lakh tonnes. It also holds 50 per cent equity in 19 state warehousing corporations that operate 2,190 warehouses with an aggregate storagecapacityof502.6lakhtonnes.

Once CWC becomes a company, it would have autonomy in business decisions as well as be free to issue bonds or borrow money from

commercial entities. At present, it must consult RBI before seeking central government approval for raisingmoney.

When converted into a company, its shareholders would be free to trade their shares at a fair price, thereby giving an option to the Central government to divest its equity. The Centre holds 55.02 per cent in CWC while the StateBankofIndiaholds21.67percent.

The changeover would also allow CWC to sell, dispose of or lease out its fixed assets and land that were made available to CWC and its former subsidiary CRWC at concessional ratesbyStateGovernments,railways andportsforbuildingwarehouses.

In June 2021, the Cabinet approved the merger of state-owned Central Railside Warehouse Company Ltd (CRWC) with its holding enterprise CWC via slump saleforanundisclosedamount.

Northeast to get a Multi-Modal Logistics Park soon : Nitin Gadkari

GUWAHATI:Amulti-modallogistics hub coming up in Jogighopa, Assam, in the next couple of months would be “a game-changer for the Northeast”, Union Minister for Road Transport and Highways Shri Nitin Gadkari said recently.

“The Brahmaputra is there. We will have an airport, there’s the national highway network and the railways. It will be completed within two-three months,”Gadkarisaid.

The logistics park is being developed as part of the ambitious Bharatmala Pariyojana. Located along the Brahmaputra river, it will facilitate transportationviawater,road,railandair.

Spread over 300 acres, the MultiModalLogisticsParkatJogighopanear the under-development Inland

Waterways Terminal will see a capital outlay of Rs 764 crore. Strategically located 154 km to the west of Guwahati, it can connect to Bhutan in the north and Bangladesh in the south through roadandwaterways,too.

The logistics park will be equipped with several facilities such as warehouse,railwaysiding,coldstorage, customs clearance house, yard facility, workshops, petrol pumps, truck parking, administrative building, boarding lodging, food joints, water treatment plant, etc., according to a report.

A four-lane road will connect Jogighopa and Guwahati. A 3 km-long rail line will connect it to the Inland Waterways Terminal while another road will connect it to the state’s newly

developedRupsiairportnearDhubri.

The Ministry of Road Transport and Highways has played a crucial role in the development of the Northeast. Besides the multi-modal logistics hub project, the ministry is in the process of carrying out 260 proposals of ropeways, cable cars, and funicular railways costingRs1,30,000crore.

“We are making roads worth Rs 3 lakh crore in the Northeast. This infrastructure is going to be very useful for accelerating the socioeconomic transformation of the area. We are changing the parameters… and I feel it is going to be a game-changer which will develop the Northeast,” Gadkarisaid,addingthatthiswillcreate more employment opportunities in the region.

India on the Path of

NEW DELHI: “India is witnessing a confluence of factors which is feeding into the India growth story. The RBI would, through a prudent approach, do its best to ensure financial stability in the system and create conditions for sustained economic growth,”

Mr Shaktikanta Das, Governor, Reserve Bank of India (RBI), said at the Annual Session 2023 of the ConfederationofIndianIndustry(CII).

Addressing the session on ‘Future Frontiers: Competitiveness, Technology, Sustainability, Internationalization,’ the RBI Governor’s presentation pivoted around four major aspects, namely global economic backdrop, domestic scenario, inflation and RBI policy. On global growth, he said that the

Resilient Growth

despite Global Challenges: RBI Governor

global economy is mired by geopolitical uncertainty, elevated inflation, volatile financial markets, including banking sector stress, food insecurity and debt distress, among others. Mr Das noted that,ontheupside,therehasbeenaslow upturninglobalgrowth,easingofsupply chains, moderation of inflation, normalization of financial markets and reopening of Chinese markets, which have all improved sentiments, but the uncertaintycontinues.

Amidst global churn, the Indian economy has shown resilience and has created requisite buffers to meet geopolitical and domestic challenges. He added that the Indian economy is projectedtogrowat6.5percentthisyear. Moreover, Mr Das added,

moderate inflation, robust agriculture performance, predictions of normal monsoon, impressive services sector performance, rise in bank credit, revival of private investment and increase in capacity utilization by industry, among others, are the other major positives for theIndianeconomy.

On macroeconomic stability and the financial sector, the RBI Governor said thatNPAshavereducedandthefinancial sector is resilient. Besides, India has the advantage of demography which would add to the country’s potential output. Mr Das that there are downside risks to growth from global deceleration, the El Ninofactoraffectingmonsoons,etc.,and that all of these factors will need to be handledcautiously.

India allows broken rice exports to meet other nations’ food security needs

NEW DELHI: The Government has allowedtheexportsofbrokenriceonthe basis of permission given by the government for shipments to other countries for meeting their food security needs, though the export of brokenriceisbannedingeneral.

“The export policy of broken rice is prohibited, however, export will be

allowed on the basis of permission granted by the Government of India to other countries to meet their food securityneedsandbasedontherequest of their government,” the Directorate General of Foreign Trade (DGFT) said inanotification.

India had banned the exports of broken rice and imposed a 20% duty on

exports of various grades in September. In December last year, it allowed the exports of organic non-Basmati rice including organic non-Basmatibrokenrice.

China is the largest importer of Indian broken rice at $418.29 million in FY23 followed by Senegal, Indonesia andVietnam.

India, Australia aim to conclude comprehensive trade deal by end of 2023

NEWDELHI:IndiaandAustraliaon Wednesday inked a migration and mobility partnership pact to open up opportunities for students, academic researchers and business people and resolved to conclude a comprehensive trade deal by the end of year to significantly expand economic ties. The pact was signed after wide-ranging talksbetweenPrimeMinisterNarendra Modi and his Australian counterpart AnthonyAlbanese.

In his media statement, Albanese said the aim is to conclude the

comprehensive economic cooperation agreement(CECA)bytheendoftheyear.

"We reiterated our shared ambition for an early conclusion of the AustraliaIndia comprehensive economic cooperation agreement later this year," hesaidinthepresenceofModi.

Last year, India and Australia finalised the Economic Cooperation Trade Agreement (ECTA) and it came into force in December last. The two sidesarenowworkingontheCECA.

"Today, in my meeting with Prime Minister Albanese, we talked about

taking India-Australia Comprehensive Strategic Partnership to greater heights inthenextdecade,"Modisaid.

"We discussed in detail the possibilities of cooperation in new areas. Last year India-Australia ECTA cameintoeffect.Todaywehavedecided to focus on CECA -- Comprehensive Economic Cooperation Agreement," he said.

Modi said the pact will give further strength and new dimensions to trade and economic cooperation between the twocountries.

UP exports rise by Rs 10,000 crore in comparison to 2021-22: FIEO

LUCKNOW: The latest data with the Federation of India Exports Organisation (FIEO) shows that UttarPradesh’sexportshavegoneup byRs10,000croreinthepastyear.

Noida, which is among the most industrialised areas in the state, has topped as the district with most exportsatRs74,000crore.

FIEO says that the government’s subsidies to counter the high costs of transportation in view of UP’s landlocked status and push to the one district-one product scheme, have helpedintakingtheexportsup.

Asperthedata,thetotalquantum of exports from UP in 2021-22 was Rs 1.57 lakh crore while from April 2022 to February 2023,

it touched Rs 1.59 lakh crore. Sources said that with the input from March 2023, it was expected to touch aroundRs1.67lakhcrore.

Compared to other states, UP still has massive potential for improvement.

In 2021-22, Gujarat topped all states with exports of Rs 9.46 lakh crore, followed by Maharashtra with Rs 5.45 lakh crore. UP is fifth on the list, behind Tamil Nadu and Karnataka.

UPisprominentlyexportingtothe USA, UAE, Germany, United Kingdom, Nepal, France, Spain, Vietnam, Saudi Arabia and Bangladesh. Among the products which are driving up the

state’s exports are telecom instruments, buffalo meat, RMG Cotton including accessories, RMG manmade fibre, leather footwear, saddlery and harness, aluminum and aluminum products, silk and handmade carpets, machinery and engineeringgoods,wheat,rice,sugar, ironandsteel,handicraftsetc.

As per FIEO’s assessment, the reasons for UP’s growth have been the export promotion schemes of the State Government. Financial assistance is also being offered on transportation, which helps to regulate the cost of exports from UP, a landlocked state. This includes subsidies on freight and on export cargosentbyair.

India's forex reserves comfortable for next 5-6 years: Piyush Goyal

NEW DELHI: Commerce and Industry Minister Piyush Goyal recently said that India is in a ‘comfortable’ position for the next five-six years in its foreign exchange position.

“In the worst case, with whatever difficultiesanybodymayhave,Indiais comfortable for the next five or six years, given (that) our forex reserves today will be able to meet our foreign exchange requirements,” Goyal said at the annual general meeting of the industrylobbygroupConfederationof IndianIndustry(CII).

During the week-ending May 12, India’sforexreservestouchedalmost $600billion.

Goyal further said many countries across the globe are keen on fasttracking the free trade agreement

(FTA) with India now. India is now not just talking but negotiating with Canada, European Free Trade Association (EFTA)--comprising four nations of Iceland, Switzerland, Norway, and Liechtenstein–United Kingdom,EuropeanUnionoverFTAs, an indication of increased importance ofIndiaintheglobalorder.

“So we will be an economy which will be reporting surpluses in the years to come. And these free trade agreements will only accelerate that process and will help us generate surpluses, help us keep a strong economy,” the minister said. However, FTAs are a two-way traffic.

“I feel very sad when I am being told sometimes that I (industry) want access to the EU market, but please do not allow them to come into our

market,”headded.

Goyal also said that the target of achieving $1 trillion export of goods and $1 trillion of services is modest and that the overall exports had been at$500billionforalmostadecadeand reached $676 billion only last year despite the disruptions in the global economy.

The overall exports was $776 billion in FY23, with $450 billion merchandise exports and $326 billion servicesexports.

He further said that the increased export basket will help India increase surplusesandreducedeficits.

He added that businesses should lookforreliablepartnersinthesupply chain, focus on comparative advantage, acquire technology and workinthespiritofcollaboration.

Commerce Ministry addressing issues of Exports through ecommerce

NEW DELHI: The Commerce Ministry is trying to address issues pertainingtothepromotionofexports through ecommerce medium, a Senior Government official has said. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi also said that while the USD 2 trillion exporttargetby2030isambitiousasit entails an annual growth of 14.5 per cent (CAGR), it is not impossible.

"We trying to address issues on seamless e-commerce for export promotion. We are in touch of the Department of Revenue, RBI, Icegate, and the Department of Post on the issues which entails remission of duties and incentives,

ensuring postal bills flows into Icegate, building a regulatory system which addresses return back, etc, hewasquotedbyTPCIinarelease.

The DGFT was addressing the TPCI's inaugural edition of India Business and Trade Annual Conclave 2023hereonMay23.

The Trade Promotion Council of India (TPCI), government, industry and academic deep dive to explore ways to reach USD 2 trillion in exports.

"Research reveals a positive correlation between higher exports and higher per capita income. For achieving the $2 trillion target, India is focusing on both demand and supply side aspects with

respectivepolicies,"headded.

Sanjeet Singh, Senior Adviser, NITI Aayog, and Joint Secretary in the External Affairs ministry Noor RahmanSheikh alsoparticipated.

During his address, Mohit Singla, Chairman, Trade Promotion Council of India, said that India Business and Trade Conclave in the years to come will be at the forefront to discuss all aspectsofIndia'sforeigntrade.

The conclave will also emphasise on how the industry will benefit from the initiatives taken by the Government, focussing on emerging areas of growth and potential, Singla said.

TPCI is an apex trade and investmentpromotionorganization.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S

26/05/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR

DISCHARGE & EXPORT

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI INTERNATIONAL CONTAINER TERMINAL (AICT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

CONTAINER

DUE / IN PORT FOR IMPORT

Maersk Gibraltar (MAGI320W) Nhava Sheva 23-05-2023 Wadi Bani Khalid (V-WBKH2307) Nhava Sheva 23-05-2023

Wisdom (V-2307) Sohar 24-05-2023

Libreville, Doula (Direct), Boma, Lonito, Durban, Apapa, Maersk Line Maersk India Tincan, Point Noire, Cotonou, Port Elizabeth. (MESAWA)

LOAD FOR INDIAN SUB-CONTINENT

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

OTHER PORTS OF GUJARAT

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.

ZIM reports 769,000 TEUs in the first quarter of 2023

HAIFA : ZIM Integrated Shipping Services, a worldwide container liner shipping firm, has released its consolidated results for the threemonthsending31March2023.

Carried volume in the first quarter was 769,000TEUs,a10%dropyearonyear,whilethe average freight cost per TEU was US$1,390, a64%declineyearonyear.

Revenues for the first quarter were US$1.374billion,a63%declineyearoveryear.

Furthermore, the first-quarter net loss was US$58million.Inaddition,adjustedEBITDAfor the first quarter was US$373 million, an 85% decline year on year, and operational loss (EBIT) for the first quarterwasUS$14million.

“Following a record year of Adjusted EBITDA and EBIT generation, ZIM’s first quarter results reflected the significant decline in freight rates and weak

demand,particularlyintheTranspacifictrade,thatbegan lastyear,”stated EliGlickman,ZIMPresident&CEO.

Glickman further added, “As such, for 2023, we have re-affirmed the guidance we shared earlier in the year of Adjusted EBITDA of between US$1.8 billion and US$2.2 billion and Adjusted EBIT of between US$100 million and US$500 million.”

India being looked upon as the bright spot by World: Piyush Goyal

NEW DELHI: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal said that India has emerged from the shadows of the past andisbeinglookeduponasthebrightspotbytheworld.

During his address at the CII Annual Session 2023, “Future Frontiers: Competitiveness, Technology, Sustainability and Internationalization” in New Delhi today, the Minister said that with adequate focus on innovation, quality and talent of the people, sky's the limitforgrowthofIndia.ShriPiyushGoyalsaidthatitis incumbent to educate and enlighten the population as the demographic dividend with its technological and managerialtalentisatreasureforthecountry.

The Minister said that Prime Minister Shri Narendra Modi is hailed as the leader of the globalSouthandIndiaisemergingasthegloballeader of the developing countries. He highlighted that many countriesacrosstheglobearekeenonfast-trackingthe FTAs with India now. Shri Goyal said that India is now not just talking but negotiating with Canada, EFTA, UK, EU over FTAs and this shows the increased importanceofIndiaintheglobalorder.Hesaidthatthis is a new India which engages with the world from a position of strength believing in its capabilities and calibre.

Shri Piyush Goyal stressed upon expanding internationaloutreach,bringinginnovationandtechnology fromacrosstheworldtograbtheopportunitiesavailablefor growth. He encouraged businesses to invest and engage with world markets through quality products and using Indian missions abroad. The Minister highlighted that India’sG20Presidencyisanopportunityforthebusinesses to expand markets with open mind and engage with the worldwithconfidence.

Shri Goyal said that the target of achieving US$1TrillionexportofgoodsandUS$1Trillionofservices isamodesttargetnow.Hesaidthattheoverallexportshad been at US$ 500 Billion for almost a decade and reached US$676Billionlastyeardespitethedifficultiesbeingfaced across the world. The Minister said that the overall exports of US$ 776 Billion in FY 2022-23 with US$ 450 Billion of merchandise exports and US$ 326 Billion of services exports is a laudable achievementforthecountry.

Shri Goyal said that the increased export basket will helpIndiaincreasesurplusesandreducedeficits.Hesaid that now is the opportunity for businesses and industry to establishleadershipinglobaltrade.TheMinistersaidthat businesses should look for reliable partners in the supply chain, focus on comparative advantage, acquire technologyandworkinthespiritofcollaboration.

NYK exhibits Zero-Emission Vessel at G7 Hiroshima Summit

TOKYO: At the Group of Seven (G7) summit held in Hiroshima, Japan, from May 18 to 22 , NYK exhibited a conceptual design for an ammonia-readyLNG-fueledvesselatthesummit’sPR exhibitionspace.NYK'sexhibitincludedthecompany’s attempts to implement the world's first ammoniafueled vessel with a domestic engine (i.e., ammoniafueled tugboat and ammonia-fueled ammonia carrier) and contained videos and panel displays to introduce zero-emissionvessels.

In cooperation with other companies, NYK is promoting its participation in a project to develop the first ammonia-fueled vessel with a domestic

engine. This is part of the Green Innovation Fund projects* sponsored by Japan’s New Energy and Industrial Technology Development Organization (NEDO).

For domestic and foreign media, more than 30 heavy industries, automotive manufacturers, and other entities including related ministries, local governments, and publiccorporationssetupboothsfeaturingJapan'sworldleading initiatives in decarbonization, biodiversity conservation, disaster prevention, digitalization, and otherareas.NYKwasthesolecompanyfromtheshipping industrytoparticipate.

NYK will continue its efforts to achieve its long-term goal of reducing greenhouse gas (GHG) emissions to net zeroby2050.