MUM-26-06-2023

Begins!!!

India Maritime Awards 7th Edition : RAJIV JALOTA to grace Awards Ceremony as CHIEF GUEST

MUMBAI: India Maritime Awards (IMA) 7th Edition, or ga ni se d an d managed by India’s oldestShippingDaily–Daily Shipping Times – will host yet another Grand Gala Awards Ceremony felicitating Top Achievers of Maritime and Logistics Trade in Mumbai at Hotel Sahara Star on Friday,7thJuly2023from5.30pmonwards

Shri Rajiv Jalota, IAS, Chairman –Mumbai Port Authority and ChairmanIndiaPortsAssociation haskindlyconsented

togracetheAwardsCeremonyasChiefGuest.

Shri Rajiv Jalota is a Master of Science in Chemistry from Lucknow University. He joined the prestigious Indian Administrative Service in 1988 and is currently working in the Rank of Secretary toGovernmentofIndia.

Shri Rajiv Jalota belongs to Maharashtra cadre of IAS and worked as CEO of Zilla Parishad, Osmanabad; District Collector of Yavatmal and Latur districts in his initial years. While in service he completed his Masters in International Development PolicyfromDukeUniversity,USA. Cont’d. Pg. 6 Shri Rajiv Jalota, IAS Refer

India Maritime Awards 7th Edition : RAJIV JALOTA to grace Awards Ceremony as CHIEF GUEST

Cont’d. from Pg. 3

On his return from the USA, Rajiv worked as Managing Director, SICOM followed by a full stint as Chief Executive Officer of Maharashtra Industrial DevelopmentCorporation(MIDC).

He introduced the Capital Value System in Property Tax in Mumbai and also successfully implemented GST in Maharashtra State. He was awarded with the Prestigious PM Award for excellence in Public Administration in 2017 as part of a group, which worked for bringing GST toreality.

Presently, being the Chairman of Mumbai Port Authorityheisinstrumentalindevelopingthelargest

International Cruise Terminal of the Country at Mumbai Port, Chairing a Committee for enhancing and improving Urban Water Transport in Mumbai HarbourandrepresentingIndiaintheQuadShipping TaskForce.

Who’s who of the Maritime and Logistics Industry are eagerly waiting to hear his ideas and vision on development of Maritime Industry in India going forward.

The Awards Ceremony will bring in the Leading Lights of Maritime and Logistics industry under one roof thereby presenting excellent opportunities for interaction besides being a decisive platform for networkingaswell.

TheEventconcludeswithCocktail&Dinner. *Entry to this Award function is strictly by invitationandregistrationonly.

Jeena & Company Pvt. Ltd. inaugurates a state-of-the-art warehouse in Mumbai

This is Jeena’s largest facility in India with a built up area of 1.10 Lac sq.

MUMBAI: The contract logistics arm of Jeena & Company, India’s leading trusted and reliable logistics company has raised its warehousing capacity with the inauguration of its largest and strategically significant new warehouse in Bhiwandi, Mumbai. This facility, with an area of over 1.10 Lac square feet has a clear centre height of 50 feet and a 30 feet shoulder height is Jeena’s largeststorageestablishmentinIndia.

Making this stand-out is it’s infrastructure design with G+7 and G+6 heavy duty pallet racking system and the G+7 multi-tier shelving system. The warehouse is equipped with all types of necessary amenities such as forklifts, stackers, and hand pallet trolleys. The flexible design of the warehouse will allow optimized storage spaceandempowersellerstoboosttheirbusiness.

This warehouse is easily accessible from major bus stops, railway stations, Nhava Sheva port and the airport. Businesses in Pharma, FMCG, apparel, e-commerce, personal care sectors will be benefitted fromJeena’snewfacility.

Speaking on the inauguration of the latest warehouse,

Sam Katgara, Partner, Jeena & Company said, “We are pleased to introduce our latest warehouse. This is another concrete step towards our commitment to providing high end-storage facility for all 3PL and warehousing needs supported by technology. With our investment and focus on technology, we are all set to offer world-class services at competitive pricing. The highlight of this warehouse is the ability to customize on-site storage capabilities as per the requirements of ourclientsandtheirbusinessnecessities.”

Jeena is a leading end-to-end logistics service provider offering tech-enabled inventory management, pick, pack and all value adds, management of e-commerceoperationsandboxinboxout.Thecompany also offers ambient temperature control and bonded FTWZfacilities(freetradewarehousingzone).

Drewry: World Container Index down by 3.5% last week

LONDON: Drewry’s composite World Container Index decreased by 3.5% to $1,535.75 per 40ft container lastweek.

Drewry’s detailed assessment for Thursday, 22 June 2023

• The composite index has decreased by 3.5% to $1,535.75 last week, and has dropped by 78.9% whencomparedwiththesameweeklastyear

• The latest Drewry WCI composite index of $1,535.75per40-footcontainerisnow85%belowthepeak of $10,377 reached in September 2021. It is 43% lower than the 10-year average of $2,688, indicating a return to more normal prices, but remains 8% higher than average2019(pre-pandemic)ratesof$1,420.

• The average composite index for the year-to-date is $1,822 per 40ft container, which is $866 lower than the

10-yearaverage($2,688mentionedabove).

• The composite index decreased by 3.5% to $1,535.75 per 40ft container, and is 78.9% lower than the same week in 2022. Freight rates on Shanghai –New York dropped 7% or $190 to reach $2,543 per feu. Similarly, rates on Shanghai – Los Angeles fell 6% or $104 to $1,642 per 40ft box. Also, rates on Shanghai –Genoa slid 3% to $2,075 per 40ft container. Freight rates on Shanghai – Rotterdam contracted 2% or $33 to $1,316 per feu. On the contrary, rates from New York – Rotterdam and Rotterdam – New York inched up by 2% and 1% to stand at $793 and $3,226 respectively. However, rates from Rotterdam –Shanghai and Los Angeles – Shanghai remained stable at the previous week’s level. Drewry expects East-West spot rates to rise again on most routes in the next few weeks

Mr. Sam Katgara

AD Ports Group Signs 50-Year Concession Agreement with Karachi Port Trust for Container Terminal

ABU DHABI: AD Ports Group, a global leader in trade, logistics, and industry, announced the signing of a concession agreement with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operationsofthePortofKarachi.

Under the terms of the 50-year concession agreement, a Joint Venture between AD Ports Group, as a majority shareholder, and Kaheel Terminals, a UAE-based company has been formed to manage, operate and develop the Karachi Gateway Terminal Limited (KGTL), berths 6-9 at Karachi Port’s East Wharf. JV with AD Ports Group as majority shareholder to invest $220 million in new concession and growth CapExoverthefirst10years

This strategic agreement follows the signing in May this year of a Memorandum of Understanding, which inked both entities shared vision to drive growth, promote trade diversification, and strengthen bilateral tiesbetweentheUAEandPakistan.

AD Ports Group has also signed three MoUs with the Government of Pakistan to establish a framework for cooperation in improving transportation infrastructure, facilitating efficient cargo movement, reducing logistics costs, and enhancing the competitiveness of Karachi Port or any other projects of mutual interest. The Group will provide technical expertise, advice, and support to the Government for the planning, design, and implementation of trade, customs and logistics infrastructureprojectswithinPakistan.

RailConnectivityMoU

Under this MoU, the parties have agreed to collaborate under a bilateral framework of mutual cooperation to develop and upgrade the connectivity of KarachiPorttotherailwaysystems.

FreeZoneMoU

This MoU establishes a cooperative relationship between AD Ports and Port Qasim Authority for the development, operation, and management of industrial and/or free zone facilitiesinthePortQasimarea.

DigitalSolutionsMoU

Under this MoU, AD Ports Group and the Government of Pakistan will cooperate to develop digital trade and logistics solutions including customsdigitalisation.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group said, “ADPortsGroupisdelightedtoembarkonthislandmark partnership with the Government of Pakistan. The signing of the concession agreement with Karachi Port Trust, and the three MoUs, exemplify AD Ports Group’s strategy of investing in key maritime trade routesfortheUAE,replicatingoursuccessfulintegrated business model in regions that offer long-term, sustainablegrowthprospects.”

“The concession agreement, has the potential to unlockanewchapterofgrowthandprogressforboththe UAE and Pakistan, enabling us to strengthen ties with key trading nations and leading to increased economic growth and prosperity. We foresee significant opportunities ahead, together, in line with our wise leadership’s vision, we will redefine the maritime landscapeandcreatevalueforallstakeholders.”

The UAE was Pakistan’s number one regional trading partner in 2021, accounting for over 40% of Pakistan’s trade with Arab countries, with non-oil exports from the UAE to Pakistan valued at nearly AED 4.8 billion ($1.3 billion) in 2022 according to Pakistan’s Ministry of State for Foreign Trade. Additionally, re-exports from the UAE to Pakistan amounted to AED 10.6 billion (US$ 2.9 billion), reflecting a 7.7% growth comparedto2021.

MOL and Chevron Sign MoU on Strategic Alliance for Decarbonization

TOKYO: Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) and Chevron Singapore PTE. LTD. has announced that the two companies have signed a memorandum of understanding (MoU) for a strategic alliance aimed at lowering the carbon intensity of the marineenergyindustry.

Aspartofthisagreement,thecompanieswillconduct joint research on next-generation fuels in various regions around the world and jointly study safety measures and legislation for lower-carbon efforts in the marine energy industry. They will seek to collaborate on avarietyofpotentialbusinessopportunitiesthatleadtoa lower-carbonfuture.

"Throughcollaborationssuchasthese,Chevronaims toleadinlowercarbonintensityoil,productsandnatural gas and at the same time advance new products and solutions that reduce the carbon intensity of major industries," said Mark Ross, President of Chevron Shipping Company. "This is another way Chevron is

MOL Senior Managing Executive Officer Nobuo Shiotsu said,"MOLishonoredtohavetheopportunityto jointlystudyGHGemissionreductionsthroughthisMoU with Chevron. First, we will study and implement all possible means, including the use of next-generation fuels and the introduction of new decarbonization technologies such as wind power and electricity, in tankers that have been chartered for a long period of time. We would then like to expand these efforts to other partsofourbusiness."

Goyal

highlights resolution of six outstanding WTO disputes between US and India through mutually agreed solutions

NEW DELHI: Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal has highlighted the resolution of six outstanding World Trade Organisation (WTO) disputes between US and India through mutually agreed solutions as jointly communicated by the Prime Minister of India, Shri Narendra Modi and President of the United States of America, H.E. Mr. Joseph Biden during the official state visit of the Prime Minister to the USA. While interacting with the media in New Delhi, the Minister lauded the visionary leadership of the leaders of both countries in taking this historic decision, which enhances the trust and partnershipbetweenthetwocountries.

The six trade disputes that will be terminated are as follows. Three of them have been filed by India against the USA namely, Countervailing Measures on Certain Hot-Rolled Carbon Steel Flat Products from India (Ds436); Certain Measures Relating to

the Renewable Energy Sector (DS510); and Certain Measures on Steel and Aluminum Products (DS547). While the other three disputes, which have been filed by the USA against India are: Certain Measures Relating to Solar Cells and Solar Modules (DS456); Export Related Measures (DS541), and Additional Duties on Certain Products fromtheUnitedStates(DS585).

Shri Goyal said that India and the US have actively engaged in discussionsduringthelasttwoyearsto terminate these six outstanding disputes at the WTO. These disputes have been filed by India and the US over a decade, representing certain key sectors of the economy such as steel, aluminium, renewable energy, solar products, and certain key exportrelated measures. This Mutually Agreed Solution (MAS) negotiated by both sides marks the culmination of protracted negotiations, and it is unprecedentedinWTOhistory.

As a part of the agreement, the US has agreed to grant market access to

steelandaluminiumproductsunderthe exclusion process of Section 232 of the Trade Expansion Act 1962. India has agreed to remove the additional duty, i.e., retaliatory tariffs on certain products. However, the prevailing basic import duty on these products applicabletoallimportswillcontinue.

This market access will restore opportunities for Indian steel and aluminium exporters, which were restricted since 14th June 2018 because of the US 232 measure under which additional duties of 25% and 10% were levied on steel and aluminium products respectively.

As part of the market access, going forward, the US Department of Commerce will clear 70% of steel and 80% of aluminium applications for products originating in India. These applications will be made under the exclusion process of Sec. 232 by the importers on behalf of the exporters. It would provide significant impetus to raise India's Steel and Aluminium exportsbyabout35%.

IFFCO starts exporting world’s first Nano urea invented and manufactured indigenously in India to US

NEW DELHI: Indian Farmers Fertiliser Cooperative Limited (IFFCO) has started exporting the world’s first Nano urea invented and manufactured indigenously in India to the US. An agreement to export Nano urea was signed between IFFCO and

KapoorEnterprisesIncofCalifornia. It came amid Prime Minister Narendra Modi’s ongoing visit to the US. The nano urea is a revolution in the agriculture sector as it has the potential to reduce storage space and money.

A 500 ml bottle of IFFCO Nano Urea Liquid has the capacity to replace at

least one bag of conventional Urea. In a tweet, Managing Director and CEO of IFFCO Dr. U S Awasthi said the Nano Urea has the capacity to reduce chemical fertiliser usage and to control air and water pollution as well as save soil. So far, India has sold more than 5.7 crorebottlesintheCountry.

Piyush

FOR EXPORT LOADING

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, 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

TO LOAD 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

RED SEA & MED. PORTS from BMCT

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

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

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

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

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

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

LOAD FOR FAR EAST, CHINA & JAPAN PORTS from NSFT

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

ISS Shpg.

Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay.

Ever Eagle 173E KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3 CISC Service

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

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

PORTS from GTI

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

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT

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

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

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

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

JAIGARH PORT LIMITED

VESSELS ON BERTH (As on 24-06-2023)

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

31/0701/08 Alliance St. Louis 149

NOTICE TO CONSIGNEES

Hoegh Autoliners Merchant Shpg. Durban, Dar Es Salaam / Maputo / Mombasa-T/S at Durban

The above vessels are expected / has arrived at NSICT/BMCT on above mentioned dates with Import Cargoes in containers.

Consignees are requested to obtain the Delivery Order by surrendering ORIGINAL BILLS OF LADING duly discharged on payments of relative charges as applicable within 5 days or else detention charges will be applicable.

Consignees will please note that the carriers of their agents are not bound to send individual notification regarding arrival of the vessel or the goods. For detailed information on cargo availability, please contact our office.

*Note: The importers having AEO status and those who are availing DPD facility for containerized cargo are allowed to pay Terminal Handling Charges (THC) directly to Ports/Terminal through their P.D Accounts. Upon making THC payment importers are requested to submit proof of payment duly stamped and acknowledged by Port/Terminal to Avana Global FZCO for issuance of Delivery Order (DO) without Avana Global FZCO’s THC Invoice and Receipt. Visit our Website : www.avanalogistek.com for Import Vessel arrival & IGM details

UNIFEEDER AGENCIES INDIA PVT. LTD.

As Agents of : UNIFEEDER FZCO

D:301-305, Level 3, Tower -II, Seawoods Grand Central, Plot No. R1, Sector 40, Nerul Node, Navi Mumbai 400706 • Email : dhirendra.singh@unifeeder.com

NOTICE TO CONSIGNEES

ZIM INTEGRATED SHIPPING SERVICES

Consignees are requested to obtain the DELIVERY ORDERS on presentation of ORIGINAL BILLS OF LADING and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.

If there is any delay in CY-CFS movement due to port congestion Line/Agent are not responsible for the same.

Consignees will please note that the Carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods. For detailed information on cargo availability please contact our office.

For any charges enquiries, Please contact on our Import Hotline No. : 4252 4444

Container Movement to OCEANGATE CONTAINER TERMINAL PVT. LTD. As Agents

Raheja Centre-Point, 3rd Floor,

India-UAE sign pact for AEOs for faster customs clearances

NEW DELHI: India and UAE recently signed Mutual Recognition Arrangement (MRA) for Authorised Economic Operators (AEOs) of both countries, the CBIC said. The AEO programme enables Customs administration to identify safe and compliant exporters and importers and to provide them better facilitation. Under MRA, Customs authorities recognise AEOs of both countries, which in turn helps expedite customs clearances.

“In pursuance of greater trade facilitation & ease of doing business, India & UAE signed the Mutual Recognition Arrangement for Authorised Economic Operators of both countries today, on sidelines of the 141st/142nd sessions of WCO Customs Co-operation Council meeting, in Brussels,” the Central Board of IndirectTaxesandCustoms(CBIC)tweeted.

EarlierinSeptember2021,IndiaandtheUShadsigned a MRA AEO. The Customs authorities of both countries have already evaluated each other’s AEO programme and

is working to quickly implement the reciprocal arrangementforauthorisedeconomicoperators.

ECGC Ltd. to provide enhanced cover under the policy covers issued to exporters

NEW DELHI: Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal lauded the support and encouragement provided to exporters by ECGC Ltd. Addressing the media in New Delhi, the Minister emphasized the importance of transparency and simplification of procedures and said that all the procedures at ECGC Ltd. will be made completely digital in the next few months. The Minister said that the digitisation of processes at ECGC will enhance the convenience for the exporters. Shri Goyal also said that a newgrievanceredressalmechanismatECGCLtd.will be established where a Live video-conference facility will be availabledailyforonehouronthewebsiteofECGCLtd.

Last year ECGC Ltd. extended cover under Export Credit Insurance for banks (ECIB) scheme for the accounts with export credit working capital limits up to Rs. 20 crore sanctioned by the banks (excluding Traders and GJD Exporters) with enhanced cover of 90%. Four banks namely SBI, Central Bank of India (CBI), BankofMaharashtraandSaraswatBankhavesofaropted for the enhanced cover. The experience under the cover has been satisfactory in terms of low default ratio in the last one year. Shri Goyal said that the extended cover under the scheme has resulted in easing of interest rates onthecredit/loansobtainedfromthebanks.

The Minister announced that the benefit of the enhanced cover will be extended to the accounts with limits up to Rs. 50 crore for above four banks without any additional cost. It is expected that around 3000 exporterborroweraccountswillbenefitfromthis.

For nine banks where six-year claim to premium ratio (CPR) is less than 70%, cover for accounts with

export credit working capital limits up to Rs. 20 crore will be offered enhanced cover of 90% without any additional cost provided the banks are extending the export credit at an interest rate corresponding to the accounts rated ‘AA’ (or with equivalent rating). Around 3000 exporterborrower accounts will be supported by the enhanced cover under WT-ECIB for such banks. This product was first of its kind in the export credit insurance industry all across the globe. The product facilitates the borrower accounts to be treated equivalent to ‘AA’ rated accounts withreducedcostofexportcredittotheexporters.

ECGC Ltd. will provide enhanced cover under the policy covers (providing protection against commercial and political risks on account of the overseas buyers) issued to the exporters in the policies available for sale in all the channels. 100% cover will be provided for existing policyholders where ‘No Claim Bonus (NCB)’ is 50% and the policy proposal has been received directly from the exporters and not through insurance brokers. 5% additional cover under the policies will be given where the proposal is received directly from the exporter and not throughinsurancebrokers.

During FY 2022-23, ECGC Ltd. supported more than 16,000 exporters with an aggregate value of business covered to the tune of Rs.6.68 lakh crore. CMD, ECGC Shri M. Senthilnathan said that the business covered valueisexpectedtoincreasetomorethanRs.10lakhcrore inthecurrentFY.

ECGC Ltd. envisages to provide claim and other insurancerelatedservicestoexportersandbanksdigitally after implementation of the upgraded software system (ERPsystem)whichislikelytobeimplementedwithinthe nextsixmonths.

CBAM framework to impact India's 15-40% of steel export to Europe: ICRA

MUMBAI:TheCarbonBorderAdjustmentMechanism (CBAM) framework will impact India's 15-40 per cent of steelexportstoEurope,ICRAsaidrecently.

The impact will be seen from the calendar year 2026 to 2034,theratingagencysaidinareport.

The European Union (EU) is introducing the CBAM fromOctober1thisyear.

ICRA said the EU is the second largest steelconsuming block globally. It recently signed the mechanism laying the framework for the imposition of taxes on embedded carbon imports from six sectors,

which includes steel, aluminium, cement, hydrogen, electricity,andfertiliser.

"...CBAMcompliancerequirementscouldpulldownthe profits of Indian steel exports to the EU by USD 60-165/MT between CY 2026 and CY2034. CBAM to impact between 15-40 per cent of India's annual steel exports which are made to Europe. Failure to reduce the carbon footprint mayresultinlowerprofitsinEUmarkets,"itsaid.

According to ICRA, India exports up to 3-5 million tonnes of finished steel to Europe every year. India produced122MTfinishedsteelinFY2022-23.

m.v. “OOCL HAMBURG” V-143W (ZIM VOY: OHA 143E) I.G.M. No. 2347496 Dtd. 23-06-2023

The above vessel has arrived at NHAVA SHEVA (GTI) on 26/06/2023 with Import Cargo in containers.

Consignees are requested to obtain DELIVERY ORDERS on presentation of ORIGINAL BILLS of LADING and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.

If there is any delay in CY-CFS movement due to port congestion Line/Agent are not responsible for the same.

Consignees will please note that the Carriers and/or their Agents are not bound to send Individual Notifications regarding the arrival of the vessel or the goods.

For detailed information on cargo availability please contact our office.

For any charges enquiries, Please contact on our Import Hotline No. : 4252 4444 Container Movement to : OCEAN GATE CONTAINER TERMINAL PVT.

As Agents :

Govt authorises DGFT for allocation of TRQ items under revised India-Nepal Treaty

NEW DELHI: The Directorate GeneralofForeignTrade(DGFT)will be the designated authority for allocation and monitoring of all TRQ (tariff rate quota) items under the revisedIndia-NepalTreaty

The Commerce Ministry’s arm DGFThasbeenauthorisedtoallocate andmonitorimportsof10,000tonneof copper products and 2,500 tonne of zinc oxide from Nepal under a concessional customs duty provision of a treaty between the countries, accordingtoapublicnotice.

The DGFT will be the designated authority for allocation and

monitoring of all TRQ (tariff rate quota) items under the revised IndiaNepalTreaty.

UnderTRQ,aspecifiedquantityof anitemisallowedforexportorimport at concessional customs duties Beyond that quantity, the product attractsnormalduties.

“DGFTisauthorisedforallocation and monitor of 10,000 MT of TRQ of copperproducts…and2500MTofzinc oxide from Nepal,” the public notice saidonThursday

It said the allocated quota to each manufacturer/exporter on a q u a r t e r l y b a s i s w o u l d b e

communicated by the designated authorityofNepaltoDGFT

Imports will be permitted through the land customs stations at K a k a r b h i t t a / N a x a l b a r i ; B i r a t n a g a r / J o g b a n i ; Birganj/Raxaul; Nepalgunj / N e p a l g u n j R o a d a n d Mahendranagar/Banbasa,itadded

“The Indian importer shall file online application for TRQ certificate on the DGFT website,” it said adding the TRQ certificate will be valid for 12months.

DGFT deals with exports and importrelatedissuesoftheCountry.

DGFT liberalizes and simplifies the policy for export of Drones/ UAVs for civilian end uses from India

NEW DELHI: The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, has simplified and liberalized the policy for export of Drones/UAVs meantforcivilianendusesfromIndia. This decision has been taken in line with the emphasis laid in India’s Foreign Trade Policy 2023 on facilitating the export of high tech itemswhichincludesthepromotionof exports of Drones/Unmanned Aerial Vehicles (UAVs) manufactured in India for civilian end uses and taking i n t o c o n s i d e r a t i o n I n d i a ’ s international obligations on nonproliferation.

All kind/type of drones/UAVs wereearliercontrolled/restrictedfor export under the category 5B of the SCOMET (Special Chemicals Organisms Material Equipments and Technology) list under Appendix

3 of Schedule 2 of the ITCHS classification of Import and Export Items This list deals with the category of items that are subject to specific regulations due to their potential dual-use nature meaning they can have both civilian and military applications SCOMET license was required for export of such items and the Industry was facing challenges to export drones with limited capability which are onlymeantforcivilianuse

Based on the wider consultations held with all the stakeholders including seeking public/Industry commentsonthepolicy,theSCOMET policy of drones/UAVs meant for civilian use has been amended vide DGFT Notification No. 14 dated 23.06.2023 to simplify and liberalize the policy for export of drones/UAVs. The export of Drones/UAVs not

covered under the specified categories in SCOMET list and capable of range equal to or less than 25 km and delivering a payload of not more than 25 kgs (excluding the software and technology of these items)andmeantforonlycivilianenduse, will now be subject to General Authorization for Export of Drones (GAED), a onetime general license validfor3years.

This policy change will not require the Drone Manufacturers/Exporters with GAED Authorization to apply for SCOMET license for every similar export shipment meant for civilian purpose, within the validity period of 3 years subject to post reporting and other documentary requirements, reducing the compliance by the IndustrytoapplyforSCOMETlicense every time they have to export any kindofciviliandrone/UAVs.

India Exports more to the US than it Imports

NEW DELHI: Closer economic ties were on the agenda as Prime Minister Narendra Modi made his first State visit to the US. There is moremoneycomingintoIndiatofund new factories and set up ventures through foreign direct investment thanbefore.

The average annual US FDI flows in the five years leading up to 2018-2019 was $2.7 billion. This has increased to $8.7 billion in the four yearssincethen.

A similar outward flow into the US shows up in the overseas direct investmentdata.

This also includes debts, such as loans. The capital outflows averaged

$1.7 billion in the five years leading up to2018-2019.

This has increased to an average of $3 2 billion since 2019-2020 The US also tops in terms of foreign portfolio flows This is money that US mutual funds and other entities invest by buying Indian securities, such as shares on the stock market. The US is the largest FPI investor in India, accounting for around Rs 38 of every Rs 100 worth of FPI holdings.

India also exports more to the US than it imports. The exports in 2022-2023 was $79 billion, compared to imports of $50 billion. Imports have risen a little faster than exports

inthepastfiveyears

Imports rose 89 per cent since 2017-2018 while exports were up 64percent.

India’s imports from the US are largely made up of a few categories, including crude, petroleum products, coal and others. The top five accounted for around 49 per cent of imports in 2022-2023.

The export basket was similar Pharmaceutical products and readymade cotton garments and accessories were among the major exports.

The top five exports accounted for 36percentofthetotalexports.

m.v “KMTC MUNDRA” V-2304 I.G.M. No. 2347347 Dtd. 22-06-2023

The above vessel has arrived at NHAVA SHEVA (BMCT) on 26-06-2023 with import cargoes from ports AKITA, BUSAN, BUSAN NEW PORT, DAESAN, DALIAN, HAIPHONG, HITACHINAKA, HOCHIMINH, HONG KONG, HUANGPU (IN GUANGZHOU), INCHEON, JAKARTA, KANAZAWA, KOBE, KWANGYANG, LAEM CHABANG, MIZUSHIMA, MOJI, NAGOYA, NIIGATA, NINGBO, OITA, OSAKA, PORT KLANG WESTPORT, QINGDAO, SHEKOU, TAICHUNG, TOKUYAMA, TOKYO, TOMAKOMAI, TSURUGA, ULSAN, XIAMEN, XINGANG, YOKKAICHI, YOKOHAMA alsotransshipment cargo of following Ex. Mother vessels:

No. and Bills of lading Nos. are as mentioned below :

m.v “KMTC MUNDRA” V-2304 I.G.M. No. 2347347 Dtd. 22-06-2023

The above vessel has arrived at NHAVA SHEVA (BMCT) on 26-06-2023 with import cargoes from ports AKITA, BUSAN, BUSAN NEW PORT, DAESAN, DALIAN, HAIPHONG, HITACHINAKA, HOCHIMINH, HONG KONG, HUANGPU (IN GUANGZHOU), INCHEON, JAKARTA, KANAZAWA, KOBE, KWANGYANG, LAEM CHABANG, MIZUSHIMA, MOJI, NAGOYA, NIIGATA, NINGBO, OITA, OSAKA, PORT KLANG WESTPORT, QINGDAO, SHEKOU, TAICHUNG, TOKUYAMA, TOKYO, TOMAKOMAI, TSURUGA, ULSAN, XIAMEN, XINGANG, YOKKAICHI, YOKOHAMA.

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.

Our Surveyors are M/s. Pinnacle Marine Surveyors Pvt Ltd. Usual Survey conditions shall apply.

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 For KOREA MARINE TRANSPORT CO. LTD.

As Agents :

M/S. KMTC (INDIA) PVT LTD

One International Center, Tower 3, 22nd Floor, 2202, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400 013, Maharashtra, India. E-mail : mumid@ekmtc.com

NOTICE TO CONSIGNEES

Consignees are requested to obtain DELIVERY ORDERS on presentation of ORIGINAL BILLS of LADING and on payment of relative charges as applicable within 5 days or else Detention Charges will be applicable.

If there is any delay in CY-CFS movement due to port congestion Line/Agent are not responsible for the same. Consignees will please note that the Carriers and/or their Agents are not bound to send Individual Notifications regarding the arrival of the vessel or the goods.

For detailed information on cargo availability please contact our office.

For any charges enquiries, Please contact on our Import Hotline No. : 4252 4444 Container Movement to : OCEAN GATE CONTAINER TERMINAL PVT.

As Agents :

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 26/06/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI CMA MUNDRA

PVT LTD (ACMTPL), MUNDRA

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

NORTH, MED., BLACK SEA, RED SEA, EAST EUROPE & CIS PORTS

TO LOAD FOR EAST, SOUTH & WEST

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

OTHER PORTS OF GUJARAT

IMPORTER'S GUIDE

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSFT

NSICT

VESSELS

I.G.M. FILED AT JAWAHAR CUSTOMS FOR

Salallah

Jeju Island (V-E020) 23-06-2023 Tuticorin

Kota Lagu (V-15W) 24-06-2023 Colombo

Interasia Progress (V-072E) 24-06-2023 AICT

Zoi (V-106E) 24-06-2023 AMCT

MSC Erminia (V-QS325R) 25-06-2023 MICT

Guard

UNCTAD : Global trade growth returns but outlook for 2023 is bleak

Following two consecuve quarters of decline, global trade in goods and services rebounded between January and March 2023. But prospects for the rest of the year are bleak.

GENEVA: During the first quarter of 2023, trade growth was positive for both goods and services, according to UNCTAD’s latest Global Trade Update published on 21 June. After the downturn in the second half of 2022, worldmerchandisetradereboundedinbothvolumeandvalue.

Over the first three months of 2023, trade in goods went up by 1.9% from the last quarter of 2022, adding about $100 billion. Global services trade also increased by about $50 billion,upbyabout2.8%comparedtothepreviousquarter.

For the second quarter of 2023, the UNCTAD nowcast suggests a slowdown in global trade growth, pointing to recently downgraded world economic forecasts and factors suchaspersistentinflation,financialvulnerabilities,thewar inUkraineandgeopoliticaltensions.

“Overall,theoutlookforglobaltradeinthesecondhalfof 2023 is pessimistic, as negative factors dominate the positive,”thereportsays.

similarpoliticalvalues.

The war in Ukraine, the decoupling of the United StatesChina trade interdependence, and the consequences of Brexit have played a significant role in shaping key bilateral tradetrendsduringthisperiod.

“Concurrently,therehasbeenadeclineindiversification of trade partners, implying that global trade has become more concentrated among major trade relationships,” the reportnotes.

The report illustrates the ongoing decline in trade interdependence between the United States and China. It shows that over the past year and a half, the United States has become relatively less significant as an export market forChina.Duringthisperiod,theUnitedStates'dependency onChinaasasupplierhasdecreasedevenfurther. Varying trade performance among major economies

‘Friend-shoring’ and increasing concentration of global trade

Overthelastfivequarters,thegeographicalproximityof international trade remained relatively stable, suggesting a lack of significant nearshoring or farshoring trends, atleastonaverage.

The report shows that merchandise trade growth has been mixed among the world’s major economies during the lastfourquarters.

Brazil, India, the United States and the European Union sawsignificantincreasesinbothimportsandexports.

Butonaquarter-over-quarterbasis,tradetrendsformajor economies were more subdued between January and March 2023, and in many cases negative. The notable exception is significantgrowthinexportsfromChinaandIndia.

Regional trade trends

On a yearly basis, all regions saw international trade grow, except for the Russian Federation and central Asian economies.

But the growth in the East Asian region has been significantlybelowaverage.

On a quarter-over-quarter basis, the first quarter of 2023 witnessed a decline in the value of trade in most regions, except for the Pacific region, North America and Africa, whichexperiencedmarginalgrowth.

Intra-regional trade during the same period followed similar patterns. But notably, trade within Africa increased by3%,outperformingotherintra-regionaltrade.

How various sectors fare

Global trade trends over the past four quarters were influencedbytheenergysector,whererisingpricesresulted in higher trade values, until an 11% quarterly drop between JanuaryandMarch2023.

Other sectors that experienced trade increases were agri-foodprod¬ucts,apparel,chemicalsandroadvehicles.

The report points out that “friend-shoring” has been on the rise since late 2022, characterized by a reorientation of bilateral trade flows to prioritize countries that share

Conversely, trade declined in office and communication equipment, as well as transport, where downward trends continuedintothefirstquarterof2023.