Budget strategically positions India to become Global Manufacturing Hub & $5 trn economy : Rajesh Mehta, CCSO & ED – Liladhar Pasoo Forwarders
MUMBAI: This budget is decidedly growth- oriented and strategically positions India to realize its ambitions of becoming a global manufacturing hub and a $ 5 t r i l l i o n e c o n o m y. I t e m p h a s i z e s infrastructure development, tax simplification,
and skill enhancement - three critical areas that will enhance India's alignment with the global value chain. By investing in robust infrastructure, streamlining tax processes, and focusing on upskilling the workforce, the budget creates a conducive environment for India to attract international business and strengthenitsmanufacturingsector Cont’d. Pg. 4
MSC and ZIM Line are fastest-growing mainline operators :
LONDON: MSC and ZIM Line are the fastest-growing mainline operators, according to the latest Alphaliner’s report.
MSC’s fleet has now crossed the 6 million TEU mark, thanks to aggressive newbuilding orders and recent purchases of second-hand, albeit elderly vessels.
The Swiss-Italian operator’s latest newbuilding is the 16,616 TEU MSC Juliette, which Guangzhou Shipyard International delivered on 18 July, making it the 17th large Post-Panamax addition to MSC’s fleet this year.
Cont’d. Pg. 4
Mr. Rajesh Mehta
Alphaliner
Budget strategically positions India to become Global Manufacturing Hub & $5 trn economy : Rajesh Mehta, CCSO & ED – Liladhar Pasoo Forwarders
Cont’d. from Pg. 3
M o r e o v e r , t h e
b u d g e t e n c o u r a g e s
entrepreneurs to innovate and deliver high-quality products, which is essential for meeting global standards and boosting demand
This focus on excellence and competitiveness is vital
for developing an agile and resilient supply chain, positioning India as a key player in global trade networks As India advances towards its goal of becoming a global trade hub, these measures will play a crucial role in driving economic growth and sustaining momentum towards the $5 trillion economy milestone
MSC and ZIM Line are fastest-growing mainline operators : Alphaliner
Cont’d. from Pg. 3
L ast week, the Aponte family-owned MSC took delivery of two pre- owned vessels, the 1999-built MSC Unity VI and the 2003-built MSC Bay IV
ZIM’s unrelenting commitment to taking more ships on long-term charter enabled the Israeli carrier to overtake Taiwan’s Yang Ming in the rankings, putting it in the ninth spot, while Yang Ming dropped to the 10th. ZIM’s fleet has grown nearly 18% from last year, to 728,011 TEU.
Year to date, ZIM has taken delivery of three 15,250 TEU ships, seven 7,800-7,900 TEU ships and eight 5,300-5,500 TEU ships. Many of the vessels have been assigned to the transpacific lane.
Alphaliner remarked, “Like all carriers that rapidly
ESL
expanded their fleet with large mainline newbuildings, ZIM is indirectly profiting from the Asia - Europe service re-routings via the Cape of Good Hope, since these diversions helped absorb the newbuilding wave. All the fresh tonnage also allowed the Haifa-based carrier to expand its Transpacific footprint Currently, 48% of ZIM’s fleet is trading between Asia and North America.”
Meanwhile, Maersk Line, which was dethroned atop the rankings by MSC in 2022, is set to be relegated to the third place as French carrier CMA CGM matches the market leader’s orderbook.
Both MSC and CMA CGM each have newbuilding orders of 1.2 million TEUs, with the Marseille-based carrier booking a dozen 15,500 TEU LNG-fuelled vessels at HD Hyundai Heavy Industries and HD Hyundai Samho on 15 July. CMA CGM’s current fleet stands at 3.75 million TEU.
to launch Far East Chennai Express (IFX) service
S I N G A P O R E : E S L i s pleased to introduce its latest Far East Chennai Express (IFX) service. The IFX service enhances Far East Asia coverage through direct routing between Korea and East India, and increased frequency between North China via Qingdao, Central China via Shanghai, and South China via Shekou. Transshipment opportunities to the Middle East, Red Sea and East Africa are also available via Port Klang.
IFX service rotation: Busan – Qingdao – Shanghai –Shekou – Singapore – Port Klang – Chennai – Vizag –Port Klang – Singapore – Manila – Busan.
The maiden voyage will depart from Busan in early August.
Paradip Port conducts rst ship-to-ship special grade diesel oil transfer
PARADIP: Paradip Port has conducted the first ship-to-ship special grade diesel oil transfer from MT Orkim Fortitude to empty tanker MT Torm Republican at its North Oil Jetty inside Harbour area. This has been done to save on shipping costs as the entity looks at innovative ways as a pivot to boost business, a release from the Paradip Port Authority (PPA) s a i d r e c e n t l y Pa r a d i p Po r t C h a i r m a n P.L. Haranadh and Dy. Chairman Nilabhra Dasgupta have congratulated Team PPA for this stupendous achievement.
A symbolic cake cutting was done by the Chairman, PPA to celebrate the success. Ship to ship (STS) is a critical operation carried out in the absence of shore reception and enables transfer of cargo seamlessly crossing the difficulties.
In Paradip Port, the flexibility of doing STS both at
outside anchorage and within harbour is explored as due to unfavorable weather conditions at anchorage, the STS was done inside Harbour This has opened new dimensions in the operability of the Port and added yet another feather in the cap. All these were done by in-house Pilot of PPA supported by Marine and Traffic teams.
Global cruise major MSC Cruises to set sail in India as favourable tax reforms kick in: Sarbananda Sonowal
N E W D E L H I :
Union Minister of Ports, Shipping a n d Wa t e r w a y s
Shri Sarbananda Sonowal said that Global cruise major M S C C r u i s e s , based in Geneva, h a s e x p r e s s e d willingness to start India operations post clarity of cruise vessel taxation rules in the Budget.
Operations could begin January 2025 onwards, a c r o s s M u m b a i - G o a , M u m b a i - D i u , Ko c h i –Lakshadweep, Chennai-Andaman routes, among others.
A few other cruise companies too reached out to seek clarification on the tax rules and have expressed keenness to start operations here, the Minister said.
MSC Cruises is a Swiss-Italian global cruise line based in Geneva, with operations offices in Naples, Genoa and Venice. It was founded in 1988 in Naples, Italy, as part of the Mediterranean Shipping Company
“So MSC Cruises is already in touch with us now And with clarity on the tax rules, and India doing away with double taxation on cruise ships, others will follow suit soon. Other cruises are in touch with us too. In case of MSC Cruises some routes have been discussed and in all likelihood operations should start in January 2025,” Shri Sonowal said.
The Finance Minister Smt. Nirmala Sitharaman, announced a simpler tax regime for foreign shipping companies operating domestic cruises here. This will help cruise tourism gather steam.
Previously, there was tax on income earned by foreign lines, while some other taxes imposed, ranging
between 10 and 40 per cent Foreign cruise liners, plying in India have been concerned about double taxation; while incomes are subject to presumptive taxation under sections of the Income-Tax Act.
Apart from revenue from sale of tickets and on-board sale of goods and services, cruise companies earn from activities like casino and gaming, shore excursions, entertainment shows, etc Under existing Indian tonnage tax provisions, there is no clarification whether these specific activities are covered as ‘core activities’ of a tonnage tax company.
A simpler regime, uniformity in rates with “single incidence” of taxation will be notified soon, Sonowal said. The Government will implement a presumptive taxation regime for cruise ship operations of non-residents.
Additionally, tax exemptions will be provided for income derived from lease rentals of cruise ships by foreign companies operating in India.
Post success of luxury river cruise Ganga Vilas, international majors like Costa, have been keen to tap into the segment. European cruise-liner Costa did its maiden cruise in India in November 2023.
Carriers bullish for the peak season : Sea-Intelligence
COPENHAGEN: Now that we are nearly a third of the way through the traditional container shipping peak cargo season, looking at the levels of blank sailings and capacity deployment the carriers have planned for the remainder of the third quarter, can provide us with a good perspective on the carriers’ confidence in the 2024 peak season.
Figure 1 shows the percentage of blanked capacity slated for the rest of the peak season (weeks 29-39), for the two most important East/West trades: Asia-North America West Coast and Asia-North Europe.
On Asia-North America West Coast, carriers have so far planned to blank 3.9% of the total capacity, which is not too dissimilar from the pre-pandemic average or from 2020. It is however significantly lower than in the pandemic years (where blank sailings were forced due to port congestion) Capacity growth across the same weeks in 2024 is slated to be 24.6% when compared to 2023, and 10.2% over 2020 (where we saw peak capacity deployed in terms of TEU).
Given this strong capacity growth and the relatively low blank sailings level, it suggests that the carriers are bullish for the peak season on this trade lane.
On Asia-North Europe, blanked capacity is slated to be 5.9% for the coming 11 weeks, which is only higher than 2020 and the pre-pandemic average, although the difference from 2020 is not that high. In 2024, there is no
Y/Y growth in deployed capacity However, in 2023, Y/Y capacity growth on the trade was 13.1%, which was not only high relative to historical reference points, but also too high for the demand levels on the trade lane (evidenced by the falling freight rates).
The fact that carriers are willing to maintain that level of elevated capacity on Asia-North Europe in 2024, coupled with the relatively low level of blank sailings, indicates the carriers have a confidence strong outlook for the peak season on Asia-North Europe.
Shri Sarbananda Sonowal
DGFT and DoR close to nalising framework for E-Commerce export hubs
NEW DELHI: Setting up of the proposed E-Commerce export hubs, highlighted in Union Budget 2024-25, is being expedited with the Directorate General of Foreign Trade (DGFT) and the Department of Revenue close to finalising the framework to identify return goods for exempting from import duties
a n d t h e p r o c e s s o f n o t i f y i n g portions of existing logistics hubs
a s a u t h o r i s e d z o n e s b e i n g firmed up
“The DGFT and the DoR are close to agreeing on the process of traceability of e-commerce exports and have narrowed it down to the framework within which it will operate. The agreement will contain details of the process flow of goods coming in and going out and goods returning,” an official tracking the matter said.
It is a matter of establishing the identity of the good exported from the e-commerce hub so that it can be confirmed that the same good is being returned, the official said. “The IT system of the e-commerce export hub entity has to establish traceability of its exports, and this system is being
worked out, he added.
I t w i l l b e m u c h e a s i e r f o r traceability for an e-commerce exporter operating in an export hub rather than operating individually in a far-off city such as Indore or Mysore, the official said.
A s r e j e c t s c o m p r i s e a b o u t 25 per cent of all e-commerce exports, it is important that the matter is sorted out before the e-commerce export hubs start operations.
Since about a fourth of goods sold online are returned, a detailed agreement and arrangement to identify these is very important.
E-commerce hubs are envisioned to serve as pivotal facilitators for export clearances, offering a wide r a n g e o f s e r v i c e s i n c l u d i n g warehousing, banking and credit, c u s t o m s c l e a r a n c e , r e t u r n processing, labelling, testing, and repackaging, per the government.
Since many e-commerce players are from the MSME segment, the hubs are also seen as avenues to promote exports from small players.
Once the required framework for the services to be provided in the e-commerce hubs is determined,
setting up the zones will not take much time, the official said.
“Many of the existing logistics players have big warehousing facilities. They will have to designate a particular zone within that for this purpose. These can be designated as e-commerce export hubs once Customs examines them and satisfies itself that the designated area is good enough,” the official said.
India’s e-commerce exports annually are officially estimated at around $2 billion, while actually it may b e o v e r $ 4 b i l l i o n , p e r s o m e calculations. However, the potential to increase exports is huge as globally e-commerce trade is valued at $800 billion.
10/0811/08
TBATBA RC Ocean 040 MBK Line MBK Logistics Jeddah, Kumport (India Med Service) MAS Diamond Marine TO LOAD FOR U.K., NORTH
05/0806/08 TBATBA Wan Hai 316 218 Q0971 1097423-22/07
31/0701/08
07/0808/08
TBATBA Maersk Virginia 431W Q0931 301326-16/07 Maersk Line Maersk India Djibouti, King Abdullah, Jeddah (Blue Nile) Maersk CFS
TBATBA Grasmere Maersk 432W TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED.
PORTS from NSIGT
In Port 25/07 Kyoto Express (GTI) 4328W Q0844 300695-05/07 CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul
30/0731/07 TBATBA Tsingtao Express (GTI) 4329W Q0925 301333-16/07 Hapag ISS Shpg. U.K., North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS 05/0806/08 TBATBA Osaka Express 4330W COSCO COSCO (I) U.K., North Cont., Scandinavian, Red Sea & Med.Ports. 10/0811/08 TBATBA Copiapo 4331W
ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. (IOS)
Gold Star Star Ship Hamburg, Antwerp, Tilbury. Oceangate CFS
In Port 26/07 MSC Rikku IU429A Q0916 1096855-15/07 MSC MSC Agency Haifa. (INDUS) Hind Terminals 13/0814/08 13/08 1100 MSC Altair IS430A Q0962 1097282-20/07 MSC MSC Agency U.K., North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals
17/0818/08 17/08 1100 MSC Renee IS431A SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 19/0820/08 19/08 1100 MSC Danit IS432A U. K. North Continent & Other Mediterranean Ports. HimalayaExpress NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service
Allcargo Allcargo Log. U.K., North Cont., Scandinavian & Med. Ports. Dron. 2 & Mul. ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. U.K., North Continent & Scandinavian Ports. JWR Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa.
Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware 27/0728/07 25/07 1800 MSC Chiara X IP430A Q0913 1096845-15/07 MSC MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals 02/0803/08 02/08 0900 MSC Roma IP431A Q0985 1097528-23/07 Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D).
TBATBA W. Kithira 429W Q0874 300961-10/07 Maersk Line Maersk India Charleston, Norfolk, New York (Direct) Maersk CFS
03/0804/08 TBATBA Maersk Detroit 430W Q0934 301329-16/07 Safmarine Maersk India Charleston, Norfolk, New York, Savannah & Other Maersk CFS 17/0818/08 TBATBA Maersk Atlanta 432W US East Coast Ports. Middle East Container Lines(MECL)
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
In Port 26/07 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 Q0976 1097431-22/07 Kotak Global Kotak Global US East, West & Gulf Coast (INDUS)
27/0728/07 25/07 1800 MSC Chiara X IP430A Q0913 1096845-15/07 MSC MSC Agency Boston, Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals 02/0803/08 02/08 0900 MSC Roma IP431A Q0985 1097528-23/07 Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira,Paita, 09/0810/08 09/08 0900 MSC Branka IP432A Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel (EPIC / IPAK) Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America
Other US East Coast Ports. Dronagiri-2 04/0805/08 TBATBA Athenian 4131 Q0951 301495-18/07 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
13/0814/08 13/08 1100 MSC Altair IS430A Q0962 1097282-20/07 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, Hind Terminals 17/0818/08 17/08 1100 MSC Renee IS431A Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 19/0820/08 19/08 1100 MSC Danit IS432A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express)
Globelink Globelink WW USA, East & West Coast. (Himalaya Express)
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS from GTI
In Port 26/07 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. Dron.-3 & Mul. 07/0808/08
14/0815/08
TBATBA Belita 0MXK3W1 COSCO COSCO Shpg.
TBATBA Yantian Express 4332W Hapag ISS Shpg. ULA CFS Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 India Sub Cont. Med. Express (IMEX)
27/0728/07 27/07 0600 OOCL Hamburg 151E Q0886 301025-23/07 OOCL OOCL(I) USA East Coast & Other Inland Destinations. GDL 01/0802/08
TBATBA OOCL Luxembourg 111E Q0993 1097555-23/07 RCL RCL Ag USA East Coast & Other Inland Destinations. 20/0821/08 TBATBA Stratford 131E
COSCO COSCO Shpg. US West Coast.
24/0825/08
TBATBA Xin Da Yang Zhou 095E Yang Ming Yang Ming(I) US West Coast. China India Express III - (CIX-3) Contl.War.Corpn.
27/0828/08 TBATBA Pusan 33E
West Coast, USA, South & Central America 07/0808/08
TBATBA Dimitris Y 246E & Caribbean Ports, Canada. 17/0818/08
TBATBA One Reliability 006E Globelink Globelink WW USA, Canada, Atlantic & Pacific, South American
ULA CFS
07/0808/08 TBATBA Contship Uno 24010W Q0857 300826-08/07 SeaLead SeaLead Shpg. Dubai 12/0813/08 TBATBA TS Kwangyang 24005W Q0959 1097230-19/07 OOCL/TS Lines OOCL(I)/TS Lines(I) (IDEA - INDIA DUBAI EAST AFRICA)
TO LOAD FOR WEST ASIA GULF PORTS From NSICT
26/0727/07 SSL Brahmaputra 917W Q0781 300185-27/06 X-Press Feeders Sea Consortium Jebel Ali 29/0730/07 28/07 0700 X-Press Mekong 24006W Q0877 300978-10/07 Wan Hai Wan Hai Lines (I) (RGI / IM1) 02/0803/08 TBATBA Addison 007 Q0621 299109-10/06 UnifeederUnifeeder 27/0728/07 27/07 0500 Inter Sydney 0160 Q0849 1096206-06/07 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM) Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar.
31/0701/08 TBATBA Sol Prime 5401W Q0956 1097229-19/07 28/0729/07 Maersk Cape Town 431S Q0872 300910-10/07 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE)
CFS 29/0730/07 TBATBA W. Kithira 429W Q0874 300961-10/07 Maersk Line Maersk India Salallah. (MECL)
02/0803/08 TBATBA EF Emma 967W Q0910 301282-15/07 ONE Line ONE (India) Jebel Ali. 13/0814/08 TBATBA AS Sicilia 936W Q0991 1097550-23/07 UnifeederUnifeeder Jebel Ali. (MJI) Dronagiri 12/0813/08 TBATBA Shamim 1332W Q0990 1097548-23/06 HDASCO Armita India Bandar Abbas, Chabahar. (IIX) TO LOAD
FOR WEST ASIA GULF PORTS From NSIGT
27/0728/07 25/07 1800 MSC Chiara X IP430A Q0913 1096845-15/07 CMA CGM CMA CGM Ag. King Abdullah.
Dron.-3 & Mul. 02/0803/08 02/08 0900 MSC Roma IP431A Q0985 1097528-23/07 MSC MSC Agency King Abdullah. Hind Terminals 09/0810/08 09/08 0900 MSC Branka IP432A SCI J.M. Baxi Salallah (EPIC / IPAK) 13/0814/08 13/08 1100 MSC Altair IS430A Q0962 1097282-20/07 MSC MSC Agency Salallah, King Abdulah. (Himalaya Express) Hind Terminal
TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from NSICT
In Port 26/07 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
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
26/0727/07 26/07 1200 Wan Hai 373 E001 Q0890 301103-12/07 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 02/0803/08
TBATBA Safeen Prism 011W 29/0730/07 28/07 2200 Zhong Gu Nan Ning 2404E Q0868 300934-09/07 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou 03/0804/08
TS Lines TS Lines (I) Australian Ports. Dronagiri-2
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
01/0802/08 01/08 0200 Xin Pu Dong 275E Q0942 301430-17/07 TS Lines TS Lines (I) Australia & New Zealand Ports. (AIS SERVICE) Dronagiri-2
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from
NSFT In Port 26/07 GH Tramotane(BMCT) 02SHXS1 Q0880 301004-10/07 CMA CGM CMA CGM Ag. Longoni, Dar Es Salaam, Zanzibar, Nacala, P.Victoria
ESL Asante 2431S Q0948 301466-17/07 Hapag ISS Shpg. & Other Ports
(SWAX) Emirates Emirates Shpg. Longoni, Dar Es Salaam, Zanzibar, Nacala & Other Ports
26/0727/07 Volans 2429W Q0878 300977-10/07
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
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 Valparaiso 0MTI3W Q0988 1097547-23/07 DAL Seatrade Durban, Port Elizabeth, Capetown, Maputo, Beira. (MIDAS-2)
28/0729/07 Maersk Cape Town 431S Q0872 300910-10/07 Maersk Line Maersk India Mombasa, Victoria. Maersk CFS 04/0805/08 TBATBA Maersk Cabo Verde 432S Q0932 301332-16/07 (MWE SERVICE) 30/0731/07 TBATBA Hedwig Schulte 0MSJHW1 Q0905 301203-13/07 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS 08/0809/08 TBATBA CMA CGM Lebu 0MSJJW1 Q0994 1097560-23/07 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis (MESAWA) Dron.-3 & Mul. 02/0803/08 TBATBA EF Emma 967W Q0910 301282-15/07 ONE Line ONE (India) Mombassa, Beira, Maputo. (MJI)
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT
In Port 26/07 MSC Rikku IU429A Q0916 1096855-15/07 MSC MSC Agency San Pedro, Monrovia, Dakar, Freetown, Alger, Annaba, Bejaia, Oran, Hind Terminals 01/0802/08 31/07 1000 MSC Silvana IU430A Q0976 1097431-22/07 Casablanca, Nouakchott, Nouadhibou, Cotonou,Tincan/Apapa (INDUS) 27/0728/07 25/07 1800 MSC Chiara X IP430A Q0913 1096845-15/07 MSC MSC Agency Khoms, Tripoli, Misurata, Tunis Hind Terminals 02/0803/08 02/08 0900 MSC Roma IP431A Q0985 1097528-23/07 CMA CGM CMA CGM Ag. Dakar, Nouakchott, Banjul, Conakry, Freetown, Monrovia, Sao Tome, Bata, Dron.-3 & Mul. 09/0810/08 09/08 0900 MSC Branka IP432A Guinea Bissau, Nouadhibou, Dakar, Abidjan,Tema, Malabo & Saotome. (EPIC / IPAK) GlobelinkGlobelink West & South African Ports. Safewater Safewater Lines East, South & West African Ports (EPIC / IPAK)
29/0730/07 28/07 TBA MSC Monica III IB428A Q0789 1095739-01/07 MSC MSC Agency Port Louis, Durban. (ILANGA EXPRESS)
Agency Tema, Abidjan, Khoms, Tripoli, Misurata, Tunis Hind Terminals 17/0818/08 17/08 1100 MSC Renee IS431A Team Global Team Global Log. East, West & South African Ports. (Himalaya Express) Pun.Conware
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from
JAIGARH PORT LIMITED
Exports resume in Petrapole land port
KOLKATA: After four days of impasse due to unrest in Bangladesh, trucks have once again resumed exports on Wednesday, 24th July in South Asia’s biggest land port Pe t r a p o l e , l o c a t e d a l o n g t h e international border between India and Bangladesh.
On July 20, the exports stopped at the land port. The trucks could not move to Bangladesh from India as the port uses an online system, and the B a n g l a d e s h g o v e r n m e n t h a d suspended internet services and declared curfew
“The stalemate caused by unrest in Bangladesh has ended and our exports have started but they are slow,” Secretar y of Petrapole Clearing Agents Staff Welfare Association Kartik Chakraborty said. The Bangladesh administration has assured security to Indian vehicles
prioritising import export, he said.
“Our trucks are crossing the border as Benapole (Bangladesh’s land port) has resumed online services, but it will take five to six days for normalcy as the internet is not fully operational in various parts of the country,” Chakraborty added.
Officials said 812 goods-laden trucks have been stranded on the India side, but are now slowly moving to Bangladesh.
On a daily basis, 450 to 500 trucks from India to Bangladesh through this land port. About 150 to 200 trucks come to India from Bangladesh on an average every day, the officials said.
Through the port, India exports cotton fabrics, motor vehicle chassis, non-alloy steel, yarn, iron and steel products, synthetic fibres, two wheelers, jute seeds, machinery
parts, books and papers, cereals, and other food products to Bangladesh. India imports jute, readymade garments, betel nut, rice bran among other products from Bangladesh. Petrapole is located at a distance of about 80 km from Kolkata in Bongaon, West Bengal. Nearly 30% of land-based trade between India and Bangladesh takes place through P e t r a p o l e S i n c e i t s operationalization in February 2016, the port has witnessed an increase in passenger movement, with an average of 22 lakh people crossing the post on either side, each year
In 2022-2023, the port saw a total trade of Rs 30,378.47 crore with 1,42,721 cargo trucks and 19,37,141 passenger movements. In 2023-2024, the total trade measured Rs 30,420.92 crore with 1,45,280 cargo trucks and 23,48,707 passengers.
Monumental stride in positioning India as a global logistics powerhouse: Industry Executives
MUMBAI: The Union Budget for 2024-25 has taken a "monumental stride" towards positioning India as a global logistics powerhouse as it focuses on infrastructure development, leveraging technology and supporting MSMEs, logistic and shipping industry executives said recently. "The Union Budget is a monumental stride towards positioning India as a global logistics powerhouse," Gregory Goba Ble, UPS Managing Director in India, said.
"This budget has hit all the right notes - focusing on infrastructure development, leveraging technology and supporting MSMEs including traditional artisans through innovative
measures such as e-commerce export hubs,"
particularly the announcement of new economic cor ridors, along with strategic investments in roads and airports, are poised to streamline logistics operations, reduce costs and enhance connectivity across key regions, charting a clear path towards a more robust, efficient and globally competitive logistics landscape in India.
"The decision to set up more integrated industrial parks and e-commerce export hubs will facilitate manufacturing output, boost domestic
consumption as well as enhance trade and logistics activity," said Rizwan Soomar, CEO and Managing Director of Dubai-based logistics operator DP World North Africa and India Subcontinent.
Lower corporate tax rate on foreign companies will help attract overseas companies and capital, he added.
"Allocating 3 4 per cent of GDP towards infrastructure, strengthening t h e J a n V i s h w a s B i l l 2 0 , a n d incentivising states to implement Business Reform Action Plans will create seamless trade corridors," said Kami Viswanathan, President for MEISA region at FedEx.
Govt will come out with new shipbuilding policy soon: Shipping Minister
NEW DELHI: A day after Finance Minister Nirmala Sitharaman, in her budget speech, announced the Centre's push for indigenous shipbuilding, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal recently said that a new policy will be unveiled soon, giving a push to India’s ambitious plan to be part of the top five shipbuilding nations by 2047.
From being 22nd in the world right now, India will endeavour to be among the top 10 shipbuilding nations by 2030 and top five by 2047, with a new shipbuilding policy which will be unveiled soon, Sonowal said in a postbudget interaction.
The Ministry has been working on a shipbuilding policy, for which it had sought stakeholder comments on broad-based policy directives in the first week of July. In a presentation prepared by KPMG for the Ministry, it suggested a host of measures to boost indigenous shipbuilding.
Earlier the Ministry has proposed to put a mandatory Make In India clause for manufacturing of coastal vessels starting 2030.
“We had been requesting GST and custom duty changes which will
help the industry and bring export
reduction. There have also been
components and consumables for
T K Ramachandran, who was present with the Minister with other senior officials from the Ministry
“Earlier, we had a short timeframe in which to complete ship repairs, which has now been extended to one year. Similarly, warranty being extended from three to five years and time limit for import of replacements in ship repair has been liberalised,”
he added.
The industry had shown several concerns about the policy, which are now being deliberated on by the Ministry before it unveils the final policy
Under the shipbuilding policy deliberations, the ministry had proposed a shipbreaking credit note scheme, under which issue of credit note amounting to 40 per cent of the scrap value of ship undergoing breakage at Indian shipbreaking shipyard would be issued, with the credit note being reimbursable for construction of a new commercial ship.
Containership eet expands by 11%, fastest growth in 15 years : BIMCO
OSLO: Since the beginning of t h e y e a r, t h e capacity of the container ship fleet has increased by 1 6m TEU Compared to one year ago, the capacity has risen 11% to 29 5m TEU, the fastest fleet growth in 15 years,” says N i e l s R a s m u s s e n , C h i e f Shipping Analyst at BIMCO.
During the first half of 2024, the delivery of new ships reached a new high A total of 264 ships with a combined capacity of 1.6m TEU have been delivered from shipyards, two thirds more than during the first half of last year when the previous record was set.
Though a new benchmark has not been set, high demand for ships has contributed to keeping recycling of ships at a low level. Strong cargo volume growth and the rerouting of ships via the Cape of Good Hope have contributed to the recycling of only 36 ships with a combined capacity of 51k TEU.
“Despite the record, shipowners have continued to place orders for
new ships. Year-to-date, a total of 63 ships with a combined 0.4m TEU capacity have been ordered and the order book-to-fleet ratio remains high at 19%,” says Rasmussen.
Already now, the order book contains orders for delivery in 2028 and an average of 1 5m TEU are scheduled for delivery each year between 2025 and 2027.
The combined capacity of 12k-17k TEU ships has grown the fastest. This segment is now the largest within the container fleet, making up 22%. The segment’s capacity grew 25% YoY and the growth made up nearly 50% of the overall fleet’s growth.
In fact, the 12k-17k TEU segment of ships was also the main driver of growth during 2022 and 2023 In addition, the segment will also dominate growth in the coming years as it makes up more than 50% of the capacity on order
Ships larger than 17k TEU dominated growth during 2015-2021 but only make up 17% of the capacity in the order book. Shipowners’ focus has shifted from the larger ships as they are operationally limited to ports
in Asia and Europe and the 212 ships already in service cover most of these trade lanes.
“The container fleet’s capacity is expected to exceed 30m TEU for the first time at the end of the 3rd quarter and hit 30.5m by the end of 2024. By the end of 2027, the current order book will add another 4.3m TEU. As cargo volume growth is unlikely to match this expansion, we expect ship recycling to increase and temper overall fleet growth. In addition, if ships can eventually return to the Red Sea and the Suez Canal, demand for ships will fall,” says Rasmussen.
Ship leasing in GIFT city to get a boost from variable capital company structure proposal
N E W D E L H I : T h e C e n t r a l
Government’s planned ship owning and leasing entity will benefit from proposed permits given to companies with a variable capital company structure in the Union Budget 2024-25. Besides, the variable company structure will also provide a fillip to ship owning and leasing
c o m p a n i e s i n t h e G u j a r a t International Finance Tec-City (GIFT City).
Commenting on the budget
a n n o u n c e m e n t , U n i o n Po r t s , Shipping, and Waterways Minister
S a r b a n a n d a S o n o w a l s a i d , “Ownership, leasing and flagging reforms will be implemented to improve the share of the Indian shipping industry and generate more employment.”
A share of overseas cargo carried by Indian flagged ships has been on a steady decline from over 40% in the 80s and is now at less than 7%
These moves are aimed at reversing this decline by allowing flexible financing models and incentives for companies that lease ships.
“Measures announced in the budget will allow companies to take advantage of the GIFT International Financial Services Centre (IFSC) dispensation,” a top government official said.
Ship leasing was defined as a financial product by the IFSC Authority in January 2022. Later in 2023, ship brokering, and voyage charter related services were allowed from the IFSC. According to a PwC report, a deemed foreign jurisdiction, liberal policies, and tax benefits are the key benefits accrued with leasing ships from the IFSC.
Besides leasing from GIFT, officials said government plans for creating a financing ecosystem for ships is also expected to get a fillip. “Unlike public sector undertaking
Shipping Corporation of India (SCI), which owns and operates vessels, the p r o p o s e d l e a s i n g e n t i
aggregate demand and provide services,” a second official said.
The owning and leasing entity is going to be a special purpose vehicle (SPV) with specific state-owned firms having cargo interests to jointly buy and run ships. It is expected to be backed by a Rs 30,000 crore Maritime Development Fund (MDF).
T
financing constraints of projects in the maritime sector. According to the Maritime India Vision 2047, nonavailability of long-term capital at competitive rates is a challenge for the shipping sector in India. This is worsened by stringent terms of domestic loans for small and new shipping companies and higher collateral requirement by domestic lenders which restrict financing in the maritime sector
Indian Oil oppose Cochin Port move to hike rates for LPG ships at MULT Jetty
COCHIN: Indian Oil has objected to the proposal of Cochin Port Authority to implement independent charges for LPG vessels berthing at MULT Jetty
At a stakeholders meeting, Indian Oil representative pointed out that the company could not accept the rate increase as the MULT Jetty is lacking basic infrastructural facilities like maintaining the promised 13m draft, fire-fighting facility.
The company had planned to bring GRT vessels up to (80,000 GRT) but due to the lack of basic infrastructural facilities, it is not able to implement.
He urged to maintain the current rates till the publication of next scale of rates and also requested the port to
infrastructural facilities at the MULT Jetty
Cochin Port has decided to implement independent charges for the LPG vessels berthing at MULT Jetty based on the guidelines from the Shipping Ministry. Most of the vessels are having the 30,000-50,000 GRT range for which an 8 per cent increase in port dues has been proposed.
The MULT Jetty facility for LPG vessels started in September 2023 and it has been 7 to 8 months this facility is running. During the implementation time, the port had issued the tariff referring to the COT charges and there was no independent tariff for MULT Jetty for LPG vessels.
IntheabsenceoftheTariffAuthority for Major Ports (TAMP), the Board of Trustees can implement rate hikes without approvals. Literally, there is no representative from shipping firms or portusersintheBoard. With stabilisation of operations and vessels started to call regularly at MULT Jetty, the port officials said that there is a need for fixation of specific charge for the port dues, pilotage, shifting charges and berth hire charges for the ships The officials also informed at the meeting that the dredging cost has increased above Rs 50 crore and there is a need to maintain the expenditure. The port facilities have to move ahead with the rate increase.
Houthi threat to Red Sea shipping is growing : UN Envoy to Yemen
YEMEN : Recent developments in the Red Sea and surrounding waterways suggest that the threat to international shipping from Yemen’s Houthis is growing, U N Special Envoy to Yemen Hans Grundberg told the U N Security Council recently
In a briefing on the situation in Yemen, Grundberg warned of a real danger of a devastating regional escalation following new Houthi attacks on commercial shipping and the first Israeli air strikes on Yemen in retaliation for Houthi drone and missile attacks on Israel.
“I remain deeply concerned about
international navigation in the R
S
waterways,” Grundberg said “Recent developments suggest that the threat against international shipping is increasing in scope and precision.”
The Houthi attacks on Israel and July 20 Israeli retaliatory strikes on Yemen’s port of Hodeidah and its oil and power facilities represent “a new and dangerous level” of violence, he said.
Commercial ships have been sunk and damaged, disrupting trade, civilians have died, the Houthis still detain the crew of the Galaxy Leader,
a cargo ship they hijacked in November, and the United States and Britain continue airstrikes on military targets in Houthi-controlled areas of Yemen, he said.
“It is alarming that there are no signs of de-escalation, let alone a solution,” Grundberg continued The Houthis have launched missiles and drones at Israel and disrupted global trade through the Red Sea in response to Israel’s assault on Gaza.
Israel says the Iran-backed Houthis have launched 200 attacks against it since the war began, many of them intercepted and most of them not deadly.
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. 29/07
CJ-IV Global Unity Cross Trade 27/07
CJ-V Gramba Synergy Seaport 27/07
CJ-VI Century Eagle Oceean Harmony 27/07
CJ-VII Propel Grace Cross Trade 03/08
CJ-VIII VACANT —
CJ-IX Cariboo Synergy Seaport 28/07
CJ-X Carina Benline 28/07
CJ-XI VACANT —
CJ-XII Golbon Armita India 27/07
CJ-XIII Jin Ji Chowgule S. 28/07
CJ-XIV Asi M Chowgule S. 27/07
CJ-XV Mercurius Arnav Shpg. 31/07
CJ-XVA Cetus Cachalot Chowgule S. 30/07
CJ-XVI Woohyun Hope Jeel Kandla 29/07
TUNA VESSEL'S NAME AGENT'S NAME ETD
Ning Jing Hai James Mackintosh 28/07
Flag Seaman Taurus 29/07
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Bogazici
OJ-II Southern Quokka GAC Shpg. 27/07
OJ-III Teesta Aries Marine 27/07
OJ-IV Canopus J M Baxi 27/07
OJ-V Al Jabirah Kanoo Shpg. 27/07
OJ-VI VACANT
OJ-VII Ami Seaport 27/07
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
BBC Zarate 24/07
Global Dignity 25/07
Stolt Orca 26/07 Vietnam
VESSELS IN PORT & DUE FOR EXPORT LOADING
27/07 Adonnis DBC
Stream African Leopard Aditya Marine USA
CJ-XIV Asi M Chowgule S. China
26/07 Bow Clipper GAC Shpg.
CJ-XVA Cetus Cachalot Chowgule S.
Stream
Stream
30/07 Han Yi Parekh Marine Umm Qasr
Stream
Stream
26/07
LIQUID CARGO VESSELS
27/07 Eva Manila Samudra
Stream GAS Nora Ocean Shipping
Stream Ginga Saker GAC Shpg.
26/07
Stream
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
DP WORLD MUNDRA
30/07-AM Wan Hai 506 6234E 4072672 Heung A / WHL Samsara / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 31/07
31/07-AM CCNI Angol 430E 4072683 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 01/08 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
26/07 25/07-PM Maersk Aras 428W 4062363 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
Feedertech/TS Lines Feedertech / TS Line Shanghai (CISC)
26/07-AM Wan Hai 309 023E 2402709 Wan Hai Line Wan Hai Lines Port Kelang, Jakarta, Surabaya. (SI8 / JAR)
KMTC / Interasia KMTC (I) / Interasia 28/07 28/07-AM Wan Hai 625 13E 2402639 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 29/07 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)
01/08 01/08-PM Zhong Gu Nan Ning 2404E 2402708 One/X-Press Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) 02/08 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX) 03/08 03/08-AM Zoi 115E 2402545 Interasia/GSL Aissa M./Star Shpg Port Kelang, Singapore, Tanjung Pelepas, Xingang, Qingdao, 04/08 Evergreen/KMTCEvergreen/KMTC (FIVE)
ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)
LOAD FOR WEST ASIA GULF PORT
TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS
02/08 01/08-1800 Maersk Detroit 430W 42253
PIPAVAV PORT
TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND AND PACIFIC ISLANDS
29/07 29/07-1500 Conti Conquest 028E 24250 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 30/07 05/08 05/08-1600 Conti Crystal 137E HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 06/08 29/07 28/07-0600 OOCL Hamburg 151E 24245 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 30/07 04/08 04/08-0600 OOCL Luxmbourg 111E 24252 Gold Star / RCL Star Shpg/RCL Ag. (CIXA) 05/08 31/07 30/07-1800 CCNI Angol 430E 24241 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 01/08
02/08 02/08-2000 X-Press Odyssey 24031E 24246 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 03/08 09/08 09/08-2000 X-Press Carina 432E Sinokor / Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 10/08 02/08 02/08-2000 Xin Beijing 146E 24249 COSCO COSCO Shpg. Singapor Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 03/08 Nansha, Port Kelang (CI1)
02/08 02/08-0500 Dimitris Y 0246E24251 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang.
(India) (TIP)
2414E
In Port —/— W Kithiria 429W 24240 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL)
