MUM-27-03-2024

DP World secures Esteemed Leaps Recognition for Outstanding Warehouse Services

NEW DELHI: DP World, a leading global provider of smart end-to-end supply chain solutions, has been recognized for its excellence in warehousing services by winning Logistics Excellence, Advancement, and Performance Shield (LEAPS) award. Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry organized LEAPS Valedictory Session in New Delhi.

DP World emerged as a frontrunner in the category of Warehouse Ser vice P rovider (Industrial and Consumables) and was felicitated by Shri Rajesh Kumar Singh, Secretary, DPIIT. The comprehensive warehousing solution offered by the company has not only supported customers but also aligned with key national initiatives such as PM Gati Shakti, Make in India, and the development of national corridors.

E x p r e s s i n g g r a t i t u d e f o r t h e r e c o g n i t i o n , Mr Ashwani Nath, Chief Commercial Ofcer, Logistics, DP World Subcontinent, said, “Receiving the prestigious LEAPS award instills confidence in our team and reaffirms our unwavering commitment to excellence. Our expansive 5 million square feet of warehousing space across India, equipped with diverse capabilities, is well integrated within our comprehensive multimodal logistics network. This integration ensures convenient customer access via both rail and road transportation channels. Such recognition serves as a catalyst, inspiring us to further push boundaries, innovate, and consistently provide exceptional solutions to our valued customers.”

DP World’s total warehousing capacity in India is spread around 5 million square feet comprising of Built-ToSuit (BTS), Ready-To -Move (RTM), and leased warehouses designed to meet specific customer requirements. Strategically situated across 11 national

industrial corridors, large Grade A warehouses offer over 2.5 million square feet of ambient and temperaturecontrolled storage. These warehouses connect to Tier II, Tier III cities, and business clusters, providing innovative and compliant dynamic warehousing solutions for various industries. These warehouses are supported by a full-stack Warehouse Management System, enabling transparency, visibility, and faster decision-making for the customers while adhering to stringent compliance and processes management.

Additionally, the company has developed 3 world class Free Trade Warehousing Zones (FTWZ) situated at Nhava Sheva, Chennai and Kochi which is part of DP World’s port – led ecosystem providing ample of opportunities for global trade. It encompasses over 2.5 million square feet of warehousing strategically connected to ports, airports, and roads, offering 100% foreign ownership, permission to transact in any convertible currency, and on-site 24x7 customs services to promote Export Import trade. This ensures exceptional accessibility and efficiency for businesses within these dynamic trade ecosystems.

YOUR QUERIES - OUR SOLUTION

by Dr. Pramod Sant, A distinguished Industry Expert

Question: We are a 3-year-old manufacturing company and want to apply for AEO, can you give us the benefits applicable for AEO and comment on the exactstatusofthe benefit implementation?

SOLUTION: Thanks for the question AEO scheme was introduced in 2016 and the benefits were attractive, over the period due to the simplification of the process and digitization some benefits have become redundant Customs has collected inputs to upgrade

the scheme to AEO 2 0, however, no revision has yet beendone.

Giving below benefits for AEO Tier I, II, and III. You will be qualifiedforAEOTier-I,however with the below comparison you can understand the benefits when you are entitled to the next tier

Dr. Pramod Sant

Hhttps://www.greenxtrade.com

HMarathon Nextgen, Innova “A”-G01, Opp.Peninsula Corporate Park, Off.Ganpatrao Kadam Marg, Lower Parel(W), Mumbai-400013 Board Tel.:022-61657900, Fax: 022-61857299/98/97, E-Mail:info@evergreen-shipping.co.in, Website:http://www.shipmentlink.com/in

HAVA SHEVA : 1st Flr, Anchorage Ship Ags. Premises Co-op Society, Plot No. 02, Sec-11, Dronagiri Node, Navi Mumbai-400707 Tel.: 022-27471601, Fax: 91-22-27246415, E-Mail: nxvlog@evergreen-shipping.co.in

NEW DELHI : 51, Okhla Industrial Estate, Phase - III, 1st Floor, New Delhi-110020

Tel.: 011-61657900 (Hunting), Fax: 011-66459698 / NDI Fax : 011-66459699, E-mail: ndibiz@evergreen-shipping.co.in

MUMBAI : Tel:+91-22-22609433, Fax:+91-22-22609432, E-mail:mumbaibss@boxcoworld.com

29/0330/03

05/0406/04 05/04 0900 MSC Tokyo IP414A

12/0413/04 12/04 0900 MSC United VIII IP415A

Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D).

SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre (EPIC / IPAK)

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.

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

30/0331/03 30/03 1000 MSC Thais IS411A P2845 293618-18/03 MSC MSC Agency U.K., North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 05/0406/04 05/04 1100 MSC Irene IS412A

SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 30/0401/05 30/04 1100 MSC Aries IS413A U. K. North Continent & Other Mediterranean Ports.

Himalaya Express

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

06/0407/04 TBATBA Express Rome 4310W P2862 293752-19/03 CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul

12/0413/04 TBATBA Sofia Express 4311W Hapag ISS Shpg. U.K., North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS

16/0417/04 TBATBA Frankfurt Express 4312W COSCO COSCO (I) U.K., North Cont., Scandinavian, Red Sea & Med.Ports. (IOS)

ONE Line

Thais IS411A P2845 293618-18/03 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, Hind Terminals

05/0406/04 05/04 1100 MSC Irene IS412A

Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 30/0401/05 30/04 1100 MSC Aries IS413A

Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya

FOR WEST ASIA GULF PORTS From NSICT

Orleans 925W P2869 293830-20/03 UnifeederUnifeeder Jebel Ali. (MJI) Dronagiri

01/0402/04 31/0323:59 Tonsberg(NSIGT) OYS11W1 P2799 293251-12/03 Emirates Emirates Shpg. Jebel Ali, Damman, Sohar. (West Bound)

14/0414/04 TBATBA Tessa 2402W RCL/CUL Line RCL/Seahorse

18/0419/04 TBATBA RDO Favour 02365W KMTC KMTC (India) Dronagiri-3

21/0422/04 TBATBA ESL Kabir 02414W CMA CGM CMA CGM Ag. Dron-3 & Mul

24/0425/04 TBATBA Zhong Gu Chang Sha 2415W SeaLead SeaLead Shpg

05/0406/04 TBATBA Inter Sydney 0153 P2854 293671-18/03 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM)

Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar.

06/0407/04 TBATBA Abrao Cochin 016W P2783 293057-09/03 SeaLead SeaLead Shpg. Sohar, Jebel Ali. (GIX)

08/0409/04 TBATBA AS Clarita 2406W P2893

17/0418/04 TBATBA

Blue Water Lines PoseidonShpg. Sohar, Jebel Ali, Dammam. Speedy CFS

Asyad Line Seabridge Sohar, Jebel Ali, Hamad, Dammam. (IEX)

TO LOAD FOR WEST ASIA GULF PORTS From NSIGT

TO

From GTI

FOR

ASIA GULF PORTS From BMCT

Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam, Jubail, Hamad, Bahrin, Shuaiba, Shuwaikh, Sohar, Umm Qasr.

Alligator Shpg. Aiyer Shpg. Jebel Ali.

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

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

01/0402/04 TBATBA CMA CGM Mercantour 0FFB81 P2860 293736-19/03 CMA CGM CMA CGM Ag. Singapore, Qingdao, Shanghai, Ningbo, Shekou Dron-3 & Mul 08/0409/04 TBATBA CMA CGM MUSSET 0FFBAE1

RCL RCL Ag. (AS 1)

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

In Port 28/03 Ever Sigma (NSIGT) 125E P2770 292916-07/03

Evergreen Evergreen Shpg. P.Kelang, Tanjun, Pelepas, Singapore, Xingang, Balmer Law. CFS Dron. 01/0402/04 TBATBA Celsius Naples 901E P2789 293101-11/03

UnifeederUnifeeder Qingdao, Shanghai, Ningbo. Dronagiri 08/0409/04 TBATBA TS Ningbo 24002E P2837 293578-18/03 PIL/ONE PIL India/One(I) —/— 15/0416/04 TBATBA Ever Excel 173E

Hapag ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS 22/0423/04

TBATBA Ever Ethic 167E

KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3 29/0430/04 TBATBA Seattle Bridge 090E

06/0507/05 TBATBA Shimin 20E

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 (CISC Service)

Samudera Samudera Shpg. P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri

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

BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS 30/0331/03 29/03 1200

07/0408/04 TBA 0900 MSC Azra FD408E

03/0404/04 TBATBA Gregos 2406E P2851 293625-18/03

04/0405/04 TBATBA Beijing Bridge 2403E P2769 292894-07/03

22/0423/04 TBATBA GFS Giselle 2404E

27/0428/04 TBATBA Grace Bridge 2403E

Agency Dalian, Shanghai, Ningbo, Yantian. (DRAGON EB) Hind Terminals

Asyad Line Seabridge Haiphong, Shekou, Laem Chabang, Port Kelang (IEX)

Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo (CSC) Dronagiri

Heung A Line Sinokor India

Sinokor Sinokor India Seabird CFS (CSC)

16/0417/04 TBATBA Terataki 2405E

TS Lines TS Lines (I)

Cordelia Cordelia Cont. Port Kelang, Far East & China Ports

Blue Water PoseidonShpg. Shanghai, Ningbo, Qingdao. Speedy CFS

Asyad Line Seabridge Haiphong, Laem Chabang, Port Kelang (IEX)

South East Asia, Far East, China. Dronagiri-2 In Port 28/03 Wan Hai 502 E121 P2786

02/0403/04 TBATBA Wan Hai 507 E221 P2875

293087-11/03

Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dronagiri-1

293860-21/03 Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 11/0413/04 TBATBA Ever Unity E198 Hapag/RCL ISS Shpg./RCL Ag. ULA-CFS/ 16/0417/04 TBATBA Wan Hai 521 E022

TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

23/0424/04 TBATBA Argolikos E160 (CIX)

29/0331/03 29/03 1200 Wan Hai 311 E231 P2826 293453-15/03 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS

05/0407/04 TBATBA Wan Hai 512 E104 P2880 293861-21/03 COSCO COSCO Shpg. Ningbo, Shekou.

12/0414/04 TBATBA Wan Hai 501 E246 InterasiaInterasia

19/0421/04 TBATBA Interasia Progress E082

HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS (CI2)

30/0301/04 30/03 0600 Seaspan Adonis 074E P2815

CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.

ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 08/0409/04 TBATBA One Altair 064E

14/0416/04 TBATBA One Arcadia 0068E

18/0420/04 TBATBA Conti Conquest 0027E

25/0427/04 TBATBA Conti Crystal 0136E

Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn.

HMM HMM Shpg. Seabird CFS

Samudera Samudera Shpg. (PS3 Service) Dronagiri

Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai Ocean Gate

30/0331/03 30/03 1000 X-Press Bardsey 24002E P2768 292926-07/03 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 03/0405/04 TBATBA Wide Alpha 245E P2812 293327-13/03 X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang.

08/0410/04 TBATBA Clemens Schulte 031E

Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri

18/0420/04 TBATBA Cap Andreas 010E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service)

21/0423/04 TBATBA San Francisco Bridge 071E HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS

01/0402/04 TBATBA Zong Gu Chang Sha 2409E P2835 293583-18/03 RCL/Global Fdr. RCL Ag./Sima Marine Port Kelang, Ho Chi Minh City, Laem Chabang, Cai Mep

02/0403/04 TBATBA Tabea 02410E P2892 293920-21/03 CU Lines/KMTC Seahorse/KMTC(I)

13/0414/04 TBATBA Tonsberg OYS12E1

SeaLead SeaLead Shpg. (VGX)

01/0402/04 31/03 1200 Maersk Florence 414E P2895 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS

08/0409/04 TBATBA GSL Nicoletta 415E X-Press Feeders Sea Consortium Kwangyang, Pusan, Hakata, Shanghai.

15/0416/04 TBATBA Tina I 416E Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS (NWX/FI-3)

In

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

Ningbo,

Feedertech/TSA

28/0329/03 28/03 0600 Xin Hongkong 069E P2774 292958-07/03

COSCO Shpg. Singapore, Hongkong, Shanghai, Ningbo, Shekou, 11/0412/04

16/0417/04

TBATBA Xin Beijing 144E P2894

TBATBA Xin Fei Zhou 093E

APL CMA CGM Ag. Nansha, Taichung, Kaohsiung. Dron.-3 & Mul

OOCL/RCL OOCL(I)/RCL Ag. GDL/— (CI 1)

CU Lines Seahorse Ship Singapore, Shanghai, Ningbo, Hongkong, Taichung, Kaohsiung.

30/0331/03 29/03 1600 Ever Ulysses 158E P2732 292729-05/03 RCL/PIL RCL Ag./PIL Port Kelang, Haophong, Nansha, Shekou.

31/0301/04

TBATBA Synergy Keelung 011E P2809 293308-13/03

07/0408/04 TBATBA Kota Layang 094E P2909

12/0413/04 TBATBA API Bhum 007E

CU Lines Seahorse Ship

Evergreen Evergreen Shpg. BalmerLaw.CFSDron.

InterasiaInterasia (RWA /

12/0413/04 TBATBA KMTC Manila 2402E COSCO COSCO Shpg. (AIS SERVICE)

31/0301/04 TBATBA Daphne 862W P2868

Emirates Emirates Shpg. Port Kelang, Hongkong, Qingdao, Kwangyang, Pusan,Ningbo, Shekou, Singapore. Dronagiri-2

ONE Line ONE (India) Singapore

09/0410/04 TBATBA Monaco 204W Samudera Samudera Shpg. (SIG) Dronagiri

01/0402/04 TBA 0900 MSC Melatilde GA413R P2842 293586-18/03 MSC MSC Agency Port kelang, Singapore, Tanjung Pelepas, Laem Chabang, Hind Terminal

07/0408/04 TBA 0900 MSC Heidi GA414R Vung Tau, Da Chan Bay, Shekou (SENTOSA SHIKRA)

02/0403/04

02/0504/05

12/0413/04

13/0415/04

15/0416/04

2412W P2848

ONE Line ONE (India) Durban, Cape Town, Tema, Tincan, Apapa. 05/0406/04 TBATBA Seaspan Lahore 2413W P2863 293750-19/03 Hapag ISS Shpg. (AIM) ULA CFS 09/0410/04 TBATBA Baltrum 24003W SeaLead SeaLead Shpg. Mombasa, Dar Es Salaam 16/0417/04 TBATBA TS Kwangyang 24002W OOCL/TS Lines OOCL(I)/TS Lines(I) (IDEA - INDIA DUBAI EAST AFRICA) GDL/—

FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT

In Port 27/03 Maersk Zambezi 412W P2746

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28/0329/03 27/03 1000 Neshat 1116SP2811 293271-12/03 HDASCO Armita India Mombas, Dar-Es-Salaam.

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APSEZ acquires Gopalpur Port in Odisha for INR 3,080 crore

• APSEZ has entered into a definitive agreement to acquire Gopalpur Port Limited (GPL) at an enterprise value of INR 3,080 crore

• Gopalpur is a road-rail connected port with capacity of 20 MMTPAand significant potential for expansion

• Strategically situated on the east coast, it has significant potential from mineral rich hinterland

• Acquisition will drive synergy with our existing ports and strengthenAPSEZ's presence on the East Coast

Cont’d from Pg. 3

The acquisition is made at an enterprise value of INR 3,080

c r o r e # , a n d t h e transaction is subject to statutory approvals and fulfilment of other conditions precedents.

Gopalpur port is located on the east coast of India and has the capacity to handle 20 MMTPA The Government of Odisha awarded a 30-year concession to GPL in 2006, with the provision of two extensions of 10 years each.

As a deep draft, multi-cargo port, Gopalpur handles a diverse mix of dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina. The port plays an important role in supporting the growth of mineralbased industries in its hinterland, like iron & steel, alumina and others. The

concessionaire has full flexibility to design and expand the port as per the market demand. GPL has received more than 500 acres of land on lease for development, with an option to receive additional land on lease to meet future capacity expansions.

The port is well connected with its hinterland through the national Highway NH16 and a dedicated railway line connects the port with the Chennai-Howrah main line # In addition to the enterprise value stated a b o v e t h e r e i s a c o n t i n g e n t consideration of INR 270 crores estimated to be payable after 5 5 years, subject to fulfilment of certain conditions as agreed with the sellers.

Mr. Karan Adani, Managing D i r e c t o r o f A P S E Z , s a i d , “The acquisition of Gopalpur Port will allow us to deliver more integrated and enhanced solutions to our

customers. Its location will allow us unprecedented access to the mining hubs of Odisha and neighboring states and allow us to expand our hinterland logistics footprint GPL will add to the Adani Group’s panIndia port network, significantly enhance overall cargo volume, and strengthen APSEZ’s integrated logistics approach.”

In FY’24, GPL is estimated to handle about 11 3 MMT cargo (YoY growth - 52%) and earn a revenue of INR 520 cr (YoY growth - 39%) and achieve EBITDA of INR 232 cr (YoY growth - 65%) In our view, the Gopalpur Port is all set for strong growth and margin expansion in FY’25 with opportunities already identified for achieving higher operational efficiencies and infra debottlenecking, implying further value accretion for APSEZ shareholders.

‘No Indian ship attacked but situation in Red Sea volatile’ says Navy Chief

NEW DELHI: The Indian Navy, which has deployed more than 10 warships in the region, has thwarted several piracy attempts in and around Arabian Sea during the last 100 days.

Not a single Indian-flagged vessel has been targeted in and around Red Sea by Iran-backed Houthi rebels, who have mostly attacked ships linked to Israel and western nations after tensions escalated in the region following the Israel-Hamas conflict that began on October 7, 2023, but the situation in the western Indian Ocean is volatile and the Indian Navy will remain deployed there till normalcy returns, Indian Navy Chief Admiral R Hari Kumar said recently.

“The Houthis have been targeting vessels linked to Israel and ships sailing under the flags of some Western countries. The situation is volatile. It may not worsen but it is

likely to stay the way it is as it is linked to the Israel-Hamas conflict…We will ensure that things do not escalate.”

His comments came during a media briefing to mark 100 days of maritime security operations in the region where merchant vessels have faced a barrage of missile and drone attacks by the Houthis, and hijacking attempts by Somali pirates.

His briefing came days after the navy apprehended 35 Somali pirates and ensured safe evacuation of 17 crew members of hijacked vessel Ruen after a 40-hour operation that involved the elite marine commandos being air-dropped from C-17 aircraft around 1,400 nautical miles (2,600 km) f r o m t h e c o u n t r y ’ s s h o r e s The mission involved INS Kolkata, which intercepted the pirate ship, I N S S u b h a d r a , S e a G u a r d i a n remotely piloted aircraft and P8-I

maritime patrol aircraft.

The 35 pirates were handed over to the Mumbai police recently.

In the last 100 days, 21 Indian warships have been deployed for operations in the region, accounting for around 5,000 naval personnel being at sea, and 900 hours of flying by the maritime surveillance aircraft, according to Indian Navy data The navy has carried out almost 1,000 boarding operations on the high seas It is conducting maritime security operations in three areas — in and around Gulf of Aden, the Arabian Sea and off the Somali coast.

The developments in the region have led to insurance costs going up by around 35% and container costs increasing from $500 to $2,000, w i t h 4 0 % - 5 0 % s h i p p i n g f i r m s re-routing their ships around the Cape of Good Hope, Navy Chief said.

Centre extends export ban on onion till further orders

NEW DELHI: The Centre has extended the export ban on onion till further orders. The decision has been t a k e n t o i n c r e a s e d o m e s t i c availability and to keep the prices of onion under check Directorate General of Foreign Trade (DGFT) in a notification said that prohibition on export of onions was valid till 31st March 2024 and it is extended until further orders.

In December last year, the Government had banned the export

of onions. However, it allowed the export of onions to friendly countries on a case-to-case basis. The export of onions to friendly countries is allowed on a case-to-case basis after approval from the inter-ministerial g r o u p . T h e g o v e r n m e n t h a s permitted exports of 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL).

Earlier, the Centre, in October 2023, had decided to step up the sale of

buffer onion stock at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers.

To control prices, the government has earlier taken several steps. It had imposed a minimum export price (MEP) of USD 800 per tonne on onion exports on October 28 till December 31, 2023.

In August, India had imposed a 40 per cent export duty on onions up to December 31, 2023 Onion is a politically sensitive commodity.

UK, Oman Trade Agreements may figure in Commerce Ministry's 100-day agenda for new Govt: Sources

NEW DELHI: India's proposed free trade agreements (FTAs) with the UK and Oman are expected to figure in the Commerce Ministry's 100-day agenda roadmap for the new government, an official said. The ministry will also focus on issues pertaining to the exporting community with a view to promoting the country's outbound shipments.

Further talks between India and Australia to expand the scope of existing economic cooperation and trade a g r e e m e n t ( E C T A ) f o r a comprehensive economic cooperation a g r e e m e n t ( C E C A ) a r e a l s o progressing at a healthy rate The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.

The official said that these two FTAs are in their final stages as talks on most of the issues have been concluded.

"The majority of difficult matters in India-UK FTA negotiations are moving towards resolution, and both sides are actively engaged for a fair and equitable deal," the official said.

According to a report by the think tank GTRI (Global Trade Research Institute), the overall gains for India in the trade deal will be limited because most of the goods from here are already entering the UK at low or zero tariffs (import or customs duties).

In 2022-23, India's merchandise exports to the UK were valued at USD 11.41 billion and out of this, USD 6 billion worth of goods such as petroleum products, medicines, diamonds, machine parts, airplanes, and wooden furniture entered Britain at zero levies, it has said.

However, there will be gains from

reducing duties for Indian exports worth USD 5 billion and those items include textiles, apparel (shirts, trousers, women's dresses, bed linen), footwear, carpets, cars, marine products, grapes and mangoes, the report has noted.

O n t h e p r o p o s e d f r e e t r a d e agreement between India and Oman, the official said that this will be concluded "very" soon.

For India, Oman is the third largest export destination among the Gulf Cooperation Council (GCC) countries. India has already implemented a trade pact with another key GCC memberthe UAE.

The bilateral trade between India and Oman stood at USD 12.39 billion in 2022-23 as against USD 10 billion in 202122. India's exports have increased to USD 4 48 billion in 2022-23, while imports rose to about USD 8 billion in the last fiscal year

Gemini strategy relies heavily on Hub Port performance : Drewry

L O N D O N : T h e Gemini cooperation agreement between Maersk and Hapag-Lloyd will rely h e a v i l y o n a s m a l l n u m b e r o f transhipment hubs to support its new network, according to the latest update by Drewry

“The operational performance of several of the terminals is assessed to be world-class in terms of intensity of asset use but Drewry highlights that strong performance will be essential if the hub-and-spoke strategy is to succeed.”

The Gemini cooperation agreement covers seven trades – Asia/USWC, Asia/USEC, Asia/ Middle East, Asia/Mediterranean, Asia/North Europe, Middle East-India/Europe and Transatlantic. The network comprises

26 mainline services supported by 32 dedicated shuttle routes.

“The planned network streamlines the number of port calls in each region with the aim of reducing disruption. As a result, the loops are focussed heavily on ‘hub & spoke’ transhipment hubs supported by high-capacity dedicated shuttle loops that link the regional hubs with other gateway ports. In total, the mainline services will call at only 56 ports with a further 29 ports served by dedicated shuttles.”

The services operated under the Gemini cooperation agreement will make extensive use of 15 hub ports APMT operates terminals in eight of the selected ports with Hapag Lloyd having operational terminals in two of the ports while investing in a third,

the update added

“The high level of ownership across the hub port network provides the partners with a greater degree of control over operational management and investment plans – both of which will be key to the success of the hub-and-spoke strategythepartnershipwillemploy

“Several of the selected hub ports are already world leaders in terms of operational performance – APMT’s facilities in Tanger Med are both handling over 2,000 TEU per metre of quay and more than 200,000 TEU per crane, as is APMT Salalah Tanjung Pelepas, Singapore, East Port Said and Algeciras – all of which handle high levels of transhipment – also rank highly in Drewry’s annual survey of terminal performance.”

100 days of Red Sea crisis : Trade badly affected

CHENNAI: It’s been over 100 days since the start of the Red Sea crisis as commercial ships avoided the critical Suez Canal and were diverted via the Cape of Good Hope in southern Africa to avoid attacks by the Houthi rebels of Yemen. The trade continues to bear the brunt of the diversion with delay in shipment reaching the destination in Europe and the US on time and sea freight increasing steadily For instance, freight by sea to Europe and the US from India has increased over $1,000 per box in the last couple of months to Europe and the US and by air the freight has more than doubled

Some of the urgent shipments are being sent by air but at a premium as space is a constraint with the slow diversion of cargo from sea to air

Nearly 90 per cent of the global trade is moved via sea. The Red Sea connecting Asia and Europe via the Suez Canal handles nearly 12 per cent of the global trade with large ships carrying everything, right from electronics goods to machinery, oil and gas to automobiles.

In the last three months, the

Houthi rebels have been targetting ships in the Bab el-Mandeb strait between Dijibouti and Yemen in the southern end of the narrow strait –20 miles wide – of the Red Sea.

Due to the disruption in the Red Sea, the pressure is slowly building up on the global supply chain as inventory in the consuming markets are getting over fast.

In a month or two, the pressure will build up on the suppliers in India f o r d e l i v e r i n g t h e p r o d u c t s . An effective supply chain action management plan will be required going forward, said an official incharge of logistics at a large leather company in Chennai.

At present, the delay to send the cargo to Europe or the US is around 20 days due to the diversion via the Cape of Good Hope. However, if the delay continues for over a month, there will be increased pressure from the clients to deliver the goods on time

Many clients work on Fee on Board basis wherein they take care of the entire logistics and also the freight. While this could be a short term relief for the supplier, the client,

who need to bear the additional cost, in future will ask suppliers to reduce their price, the official said.

Suppliers delivering goods on Cost, Insurance and Freight basis are under tremendous pressure to immediately absorb the increase in freight and also responsible to send the cargo on time, said an official of a leading Custom House Agency While they would like to increase the cost of the goods, the clients are not willing to pay, he said.

Meanwhile, there are media reports that both Russia and China are in talks with the Houthi rebels to allow their ships to pass through the Red Sea.

Lars Jensen, an expert in the container shipping industry based in Denmark, in a social media post said that the shipping giant Maersk has issued a statement that they still deem the risk in the region (Red Sea) to be elevated despite the naval presence. They will therefore for the time being continue to sail around Africa and will only revert to the Red Sea transit when such a change can be sustained for the long term.

DPIIT deliberates on “Enabling Women Workforce Participation in Logistics Sector”

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) hosted a stakeholder consultation at Vanijya Bhawan, New Delhi on “Enabling Women Workforce Participation in Logistics Sector” recently It was aimed to catalyze the participation of women in the logistics sector, a critical component of the nation’s Viksit Bharat vision 2047.

The event featured a keynote address by Shri Rajeev Singh Thakur, Additional Secretary, DPIIT, who highlighted the importance of gender d i v e r s i t y f o r t h e g r o w t h a n d innovation of the logistics industry His address set the tone for the day’s deliberations, focusing on actionable insights and collaborative efforts.

The consultation brought together over 50 professionals from a diverse group which included Industry A s s

Enterprises, Skill training institutes, academia, Bi-lateral and Multilateral institutes to discuss and strategize the way forward for gender inclusivity in logistics. The event underscored the impo

e o

s u p p

s y s t e m t h a t encourages and facilitates the involvement of women at all levels of the logistics chain.

The discussion dissected various challenges hindering women’s entry and retention in the logistics workforce Topics ranged from infrastructural barriers to the need

for policy reforms that prioritise women’s safety, training, and professional growth.

The discussions also shed light on the untapped potential of women in driving innovation and efficiency in logistics Success stories and best practices from around the globe, illustrating the transformative impact of women’s increased involvement in the sector were also shared

Going forward, the study will undertake extensive feedback from all the relevant stakeholders to prepare a roadmap for creating an enabling environment for increasing women workforce participation in the logistics sector.

S&P ups India growth forecast to 6.8% for FY'25

MUMBAI: S&P Global Ratings on Tuesday raised India's growth forecast for the next financial year to 6.8 per cent, but flagged restrictive interest rates as a dampener for economic growth.

The Indian economy is estimated to have clocked a growth of 7.6 per cent in the current fiscal.

In November, last year, the USbased agency had projected India's growth to be 6.4 per cent in 2024-25

fiscal on robust domestic momentum.

"For Asian emerging market (EM) economies, we generally project robust growth, with India, Indonesia, the Philippines, and Vietnam in the lead," S&P said in its Economic Outlook for the Asia Pacific.

In largely domestic demand-led economies such as India, Japan, and Australia, the impact of higher interest rates and inflation on household spending power reduced

sequential GDP growth in the second half, S&P said.

"We expect India's real GDP growth to moderate to 6.8 per cent in fiscal year 2025 (ending March2025)," S&P said.

Restrictive interest rates are likely to weigh on demand next fiscal year, while regulatory actions to tame unsecured lending will affect credit growth. A lower fiscal deficit will also dampen growth, it added.

VESSELS IN PORT & DUE FOR EXPORT LOADING

V Interocean 01/04

CJ-V VACANT

CJ-VI Ingwar Selmer Benline 29/03

CJ-VII Western Singapore Genesis 28/03

CJ-VIII LB Earth Cross Trade 30/03

CJ-IX Senorita Interocean 31/03

CJ-X Gautam Shlok Ocean Harmony 29/03

CJ-XI VACANT

CJ-XII SSF Dynamic ULSSL 28/03

CJ-XIII VACANT

CJ-XIV VACANT

CJ-XV Figec Mihir & Co. 29/03

CJ-XVAVACANT

CJ-XVI Bentley Cross Trade 30/03

VESSELS

GENERAL CARGO VESSELS

OJ-I VACANT OJ-II Ginga

OJ-IV Hua Wei 8 JMBaxi

OJ-V VACANT

OJ-VI

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSICT

NSIGT

BMCT

Consortium 2372331 23/03

OOCL Genoa (V-069E) COSCO Shipping 2372340 24/03

Wan Hai 502 (V-E121) Wan Hai Lines (I) 2372350 25/03

MSC Bremen (V-JU412R) MSC Agency 2372348 25/03

Jeju Isand (V-E402) Sinokor India 2372349 25/03

CMA CGM Gemini (V-OPE8VW1) CMA CGM Ag. (I) 2372372 25/03

Xin Hongkong (V-069E) COSCO Shipping 2372395 26/03

CMA CGM Titus (V-OMXTGW1) CMA CGM Ag. (I) 2372410 26/03

Neshat (V-1116S) Armita India 2372447 26/03

Advance (V-050W) COSCO Shipping 2372451 26/03

MSC Barbados (V-IV412A) 22-03-2024 Colombo

Rotterdam Trader (V-2411W) 23-03-2024 Jebel Ali

Maersk Kinloss (V-411W) 24-03-2024 Salalah

Seattle Bridge (V-089E) 24-03-2024 AMCT

Ren Jian 23 (V-2403E) 25-03-2024 MICT

Nordpanther (V-2408W) 25-03-2024 Jebel Ali Marathopolis(V-413S) 26-03-2024 Port Qasim

MSC Tempico (V-IV411A)

Athenian (V-4111)

Grace Bridge (V-24002E)

Little Worrior (V-2409W)

MSC Shay (V-IP412A)

APL Southampton (V-OINGHW1) 25-03-2024 ACMTPL

NYK Vesta (V-084W) 26-03-2024 ACMTPL

Wan Hai 513 (V-E091) 23-03-2024 Cochin

Ningbo Express (V-2407W) 24-03-2024 AICT

Celsius Nairobi (V-0905) 24-03-2024 Jebel Ali

ESL Kabir (V-02408E) 25-03-2024 Port Kelang

Maersk Stralsund (V-411W) 26-03-2024 Salalah

X-Press Phoenix (V-24013E) 27-03-2024 Pipavav

Sprinter (V-050W) 21-03-2024 Khalifa

Maersk Karun (V-412W) 21-03-2024 Mundra

MSC Daria (V-FA406A) 22-03-2024 Sohar

Safeen Prism (V-007W/E) 22-03-2024 Mundra

Sunny Phoenix (V-59E) 22-03-2024 Hazira

ACX Diamond (V-323W/E) 23-03-2024 Mundra

Safeen Power (V-065W) 23-03-2024 Khalifa

X-Press Capella (V-24002E) 24-03-2024 Karachi

KMTC Colombo (V-2402E) 24-03-2024 AICT

Cape Fulmar (V-24010) 24-03-2024 Mundra

MSC Rania (V-GA411R) 25-03-2024 Colombo

Majd (V-24007W) 26-03-2024 MICT

MSC Bremen (V-JU412R) 26-03-2024 Sohar

Taichung (V-24011W) 26-03-2024

CB-1 Amourex

CB-2

19/20

21 Rui Fu Bang Mitsutor

B.Pier African Halcyon M Dhinshaw

B.P. Extn. African Owl Shaan Marine

OCT 1 Yangze 7 Wilhelmsen OCT

NSDT/COASTAL/NSDT/COASTAL/ NSDT/COASTAL/LIQUIDBERTHLIQUIDBERTH LIQUIDBERTHLIQUIDBERTH LIQUID BERTH

NSD-2

NSD-3

´´

Bridge CMA CGM Ag. (I) NSICT / NSIGT

CB-4 Maersk Zambezi Maersk India

CB-5 Maersk Virginia Maersk India

CB-6 Ever Sigma Evergreen Shipping GTI

GTI-1 OOCL Genoa COSCO Shipping

GTI-2 Wan Hai 502 Wan Hai Lines (I)

BMCT

BMCT-1 Jeju Island Sinokor India

BMCT-2

BMCT-3 CMA CGM Gemini CMA CGM Ag. (I)

W. E. F. 08-03-2024

ON 26-03-2024 ´ ´ ´ ´ FOREIGN EXCHANGE RATES

´´

´ We are not responsible for any mistake. ALL RATES ARE PROVISIONAL. The rates in this column are only meant for guidance.

08/04 Alliance Fairfax (V-131) Hoegh Autoliner Merchant Shipping US/Gulf

JNPA welcomes Advisor to PM & Dy Secy Prime Minister’s Ofce

Bahri Line expands fleet with a new

Cont’d from Pg. 3 Bahri Line has long been recognized as a key player in the Project Cargo and RORO marine logistics industry, and its journey continues to expand further. By venturing into the niche multipurpose segment, company reaffirms its dedication

CMA

Multi-Purpose Vessel

in providing versatile and tailored shipping solutions to the market.

“This noteworthy development marks a new chapter in our commitment to excellence, service, and customer satisfaction. We extend our heartfelt gratitude to all our current and future clients who have been instrumental in our success thus far,” concludes the communique.

CGM announces upgrade to service between Jeddah and North Red Sea in partnership with Folk Maritime

MARSEILLE: Effective from April 2024, CMA CGM will operate NRX (North Red Sea Express), a joint upgraded service connecting Saudi Arabia Jeddah Islamic Port to NEOM, North Red Sea ports of Sokhna in Egypt, Aqaba in Jordan and Yanbu in Saudi Arabia, expanding logistic capabilities in the North Red Sea and reinforcing Saudi Arabia's growing strategic position as a global logistics hub.

This service will be operated in partnership with Folk Maritime, Saudi Arabia’s pioneering independent feeder and short-sea shipping operator

The weekly service will provide two vessels catering to cargo transshipping from both Jeddah Islamic Port Terminals Red Sea Gate Terminal (RSGT) and DP World Jeddah (DPW Jeddah). It aims to facilitate the growing market and trade needs of the region, whilst simultaneously ensuring the smooth handling of cargo and seamless delivery to local organizations.

NRX will cater to the needs of customers who seek

growth within these key regional ports. It will also help to reduce carbon emission by offering reliable and effective alternative sea solution between Jeddah, NEOM and Yanbu.

The first sailing of the NRX service will take place from Jeddah on April 9th, 2024 by M/V JIN SHUN HE.

“CMA CGM is pleased to partner with Folk Maritime in this upgraded service connecting Jeddah ports to the growing market needs of NEOM and other key ports in the North Red Sea. This service will not only contribute to Saudi Arabia expansion of its logistic capabilities in the North Red Sea, but also serve our customers with a better offering in this key region where CMA CGM Group has been pioneering direct calls to the port of NEOM since March 2023,” says Olivier NIVOIX Executive Vice-President CMA CGM Group Lines.

Rotation will be the following: Jeddah RSGT – Jeddah DPW – NEOM – Sokhna - Aqaba – Yanbu – Jeddah RSGT

“Mawani”: Adding the Shipping Service “GALEX” to King Abdul Aziz Port in Dammam to enhance Linking Kingdom

RIYADH: The Saudi Ports Authority “Mawani” announced that the Emirates Shipping Line ( E S L ) h a s a d d e d t h e n e w shipping service “GALEX” to K i n g A b d u l A z i z P o r t i n Dammam. This service connects the Kingdom to ports in East Asia, enhancing maritime connectivity between the Kingdom and the world, and confirming the operational efficiency of the port.

This move reflects the achievements of King Abdul Aziz Port in Dammam in terms of advanced operational levels and high logistical capabilities, which contribute to attracting the latest giant ships and major global shipping lines, in line with the targets of the National

to East Asia Ports

Transport and Logistics Strategy (NTLS), to solidify the Kingdom’s standing as a global logistics hub bridging the three continents.

The new shipping service will connect King Abdul Aziz Port in Dammam to eight regional and international ports, including Shanghai, Xiamen, Dachan Bay, Qingdao in China, Busan in South Korea, Klang in Malaysia, Sohar in Oman, and Khorfakkan in the UAE, through regular weekly trips with a capacity of up to 3,000 TEUs It is worth noting that the partnerships entered by “Mawani” with major global shipping lines contribute to the development of the kingdom’s ports, supporting its competitiveness, developing infrastructure, expanding maritime transport routes, and improving operational and logistics service procedures.