MUM-28-03-2024

Engineering exports to Russia doubled till February in FY’24: EEPC

KOLKATA: India’s engineering exports to Russia doubled to USD 1.22 billion till February during the 2023-24 fiscal, Engineering Export Promotion Council (EEPC) of India said recently The shipments to the country stood at USD 616.68 million in the previous fiscal, it said.

The exports to the US dipped seven per cent year-on-year to USD 15 95 billion during this period, EEPC said in a statement In case of China, engineering shipments to that country saw a marginal decline to

USD 2 38 billion from USD 2 40 billion in the period under review, it said Exports to the UAE and Australia, with which India had signed an FTA, remained positive

Till February, shipments to the UAE r o s e 1 6 p e r c e n t o n - y e a r t o USD 5.22 billion, while those to Australia was higher by five per cent at U S D 1 3 0 b i l l i o n C u m u l a t i v e engineering exports during AprilFebruary (2023-24) stood at USD 98.03 billion as against USD 96.84 billion in the corresponding period a year ago, the

statement said. “In the last few months, engineering exports from India have been on a steady growth path The remarkable performance of the sector in the last three months made it possible for the cumulative exports to record high growth.

“As India’s current economic performance stabilises, we are hopeful that with the positive turn of tide in global trade, India’s exporting community will be able to lift exports to a new high,” EEPC India Chairman Arun Kumar Garodia said.

“Net exports” seen a growth driver in current quarter : Economists

Foreign

trade was a drag on GDP for three quarters in a row

NEW DELHI: India’s foreign trade is likely to push the country’s gross domestic product (GDP) growth by about 0.3-0.4 percentage points (pps) in Q4 FY24, after being a drag for three consecutive past quarters, economists reckon.

“For the first time this fiscal, we anticipate foreign trade to contribute positively to the March quarter’s GDP , with exports of goods and services being valued higher than the imports,” said a note by the Centre of Monitoring Indian Economy (CMIE). In Q1, Q2 and Q3 of the current fiscal, net exports contribution to GDP growth was (-)5.5 pps, (-)1.8 pps, and (-)1.2 pps, respectively Cont’d Pg. 15

Exporters work on product identification problems under UK’s replacement scheme for GSP

NEW DELHI: The UK Government’s decision to replace the popular Generalised Scheme of Preferences (GSP) programme, which offered import duty concessions to developing nations Cont’d Pg. 17

There will be no issue of Daily Shipping Times on Friday, 29th March, 2024 on account of Good Friday

More and more Shippers take action on seaborne GHG emissions

COPENHAGEN: Shippers are increasingly taking action to eliminate greenhouse gas (GHG) emissions from their logistics. The latest numbers of Maersk’s ECO Delivery Ocean product are a strong proof for this trend. After 480,000 standard containers (TEU) in 2022, Maersk transported more than 660,000 TEU on green fuels* last year 212 customers opted for ECO Delivery Ocean for their seaborne cargo in 2023 and saved over 683,000 tonnes of greenhouse gases from being emitted into the atmosphere.

“We’re continually exploring sustainability opportunities across our supply chain and our overall business, as we work towards becoming a climate-neutral company by 2040, By switching to renewable fuel, we have achieved an immediate reduction in fossil CO₂ emissions from intercontinental ocean freight by at least 84% compared to fossil fuel. This initiative shows that we can act now and implement solutions that achieve significant results We all have a responsibility to act,” said Javier Varela, Chief Operating Ofcer

The Deputy CEO at Volvo Cars last July when announcing their partnership with Maersk to use ECO Delivery Ocean on large scale said, “Especially for the seaborne cargo, Maersk ECO Delivery Ocean is a well-established and independently certified product to reduce the GHG emissions ofanoceantransportbymorethan80% ”

“In the beginning, we have had many customers giving ECO Delivery Ocean a first try for some of their cargo volumes. After they realized how well it is working, more and more customers either increased the cargo volume or committed themselves even to ship 100% of their seaborne cargo under Maersk care with ECO Delivery Ocean. These 100% contracts put really big smiles on the faces of me and my team members as we knew: this is the breakthrough of something that makes a real change for our climate,”said, Maja Nyvold Head of Surcharges, Value Adding Services and Energy in the Ocean business segment at Maersk.

Maja’s team developed the product together with other Maersk experts back in 2017/18 and introduced it as from 2019. “The increasing number of these 100% commitments is an amazing trend and commitment of our customers since green fuels are significantly more expensive than fossil fuels.” Trendsetters for the 100% commitment have been global brands such as Nestlé, Inditex, Novo Nordisk (100% of their Maersk outbound logistics on ECO Delivery)

or Volvo Cars (100% of their inbound logistics on ECO Delivery) as well as regional brands like the successful Danish and Norwegian retail companies Flying Tiger Copenhagen and Europris.

The success story continues with several new customers who have signed up for ECO Delivery Ocean in the new year Among them are large retail chains like Action from the Netherlands (with 100% of their ocean volume), ICA from Sweden (with 100% of their long-haul shipments) or the chemical company Borregard from Norway with 100% of their ocean volume. Borregard is also taking the next step to piloting an e-truck solution for low emission* landside transports together with Maersk.

In a nutshell, Maersk ECO Delivery Ocean product replaces fossil fuels with green fuels such as bio diesel and green methanol. The bio diesel is solely sourced from waste streams and lead to GHG emission reductions of above 80% on a well-to-wake basis. With the deployment and naming of the world’s first methanol enabled container vessel in September 2023, Maersk introduced also green methanol as a low emission fuel in container shipping. Up to now, the green methanol’s GHG reduction lies still below the figures of bio-fuels, but with the start of the scalable production of e-methanol, the emission reductions should go up to above 90% once the processes are all optimized. These significant GHG reductions of both fuel types take even emissions into account from procuring, producing, and transporting the ingredients and the green fuels – a so-called life cycle calculation.

Almost 60% of Maersk’s top 200 customers have committed to, or set science-based targets for their journey to net-zero. Maersk’s Emission Dashboard is a solution for shippers to get a comprehensive overview of the emissions across all carriers and transport modes. The consolidated data facilitates best and most impactful measures to reduce GHG emissions in a next step. Finally, the overall reporting requirements in this field are another important aspect for customers, knows Kaisa: “Nowadays, a logistics partner needs to be able to provide cargo owners with reliable and robust emission data.”

Some of Maersk’s ECO Delivery Ocean customers are shipping volumes of +50,000 containers and more per year on green fuels already. The good news: Maersk has enough green fuel available to serve all customers' increasing ambitions to decarbonise their ocean transports.

NOTICE TO CONSIGNEES

rate 85.43

The above vessel is expected on 29-03-2024 at NHAVA SHEVA (NSICT) with import cargo from NEW YORK, SAVANNAH. Please note the item Nos. against the B/L Nos. for NHAVA SHEVA (NSICT) delivery.

NHAVA

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery. Consignees are requested to collect Delivery Order for all imports delivered at Nhava Sheva from our Import Documentation Dept. at Nhava Sheva - DN210 / DN211 / DN212, D-Wing, 2nd Floor, NMSEZ Commercial Complex, Plot No. 6, Sector - 11, Opp. JNPT Township, Dronagiri Node, Navi Mumbai - 400 707 , India and Mumbai - 1st Floor, MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400059 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.

The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at Nhava Sheva. The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.

Incase of any query, kindly contact Import Customer Service - (022) 66378123; IN363-imports.mumbai@msc.com

08/0408/04 TBATBA Addison 004 UnifeederUnifeeder

03/04 04/04 TBATBA Grasmere Maersk 414W P2876

10/04 11/04 TBATBA Maersk Virginia 415W P2904 293597-18/03

(I) (RGI)

Maersk Line Maersk India Djibouti, King Abdullah, Jeddah (Blue Nile) Maersk CFS

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

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

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, 11/0412/04 11/04 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

12/0413/04 TBATBA Sofia Express 4311W

CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul

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.,

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

30/0331/03 30/03 1000 MSC 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, 11/0412/04 11/04 1100 MSC Aries IS413A

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

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

03/04 04/04 TBATBA Grasmere Maersk 414W P2876 293568-18/03 Maersk Line Maersk India Jebel Ali, Salallah (Blue Nile) Maersk CFS

02/0403/04 TBATBA Green Ace 2414W P2888 294253-27/03 Aladin Line ALX Shpg. Sohar, Sharjah, Hamax, Bahrain, Dammam. (GIX)

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)

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

TO

TO

FOR WEST ASIA GULF PORTS From NSIGT

FOR WEST ASIA GULF PORTS From GTI

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

294060-23/03 Yang Ming Yang Ming(I) Contl.War.Corpn. 14/0416/04 TBATBA One Arcadia 0068E Hapag/CSC ISS Shpg/Seahorse (PS3 Service) ULA CFS/ 18/0420/04 TBATBA Conti Conquest 0027E HMM HMM Shpg. Seabird CFS

30/0331/03 30/03 1000 X-Press Bardsey 24002E P2768 292926-07/03 ONE Line ONE (India) Colombo.

03/0405/04 TBATBA Wide Alpha 245E P2812 293327-13/03 X-Press Feeders Sea Consortium Colombo. (TIP Service) Dronagiri

08/0410/04 TBATBA Clemens Schulte 031E CSC Seahorse Colombo.

18/0420/04 TBATBA Cap Andreas 010E HMM HMM Shpg. Colombo. Seabird CFS

02/0404/04 TBATBA Zim Haifa 26E P2827 293497-15/03 OOCL OOCL (I) Colombo. GDL 18/0420/04 TBATBA OOCL Hamburg 149E P2928 294197-26/03 Star Line Asia Seahorse Yangoon. (CIX-3) Dronagiri-3

293101-11/03 Evergreen Evergreen Shpg. P.Kelang, Tanjun, Pelepas, Singapore, Xingang, Balmer Law. CFS Dron. 08/0409/04 TBATBA TS Ningbo 24002E P2837 293578-18/03 UnifeederUnifeeder Qingdao, Shanghai, Ningbo. Dronagiri 15/0416/04 TBATBA Ever Excel 173E PIL/ONE PIL India/One(I) —/— 22/0423/04 TBATBA Ever Ethic 167E

29/0430/04 TBATBA Seattle Bridge 090E

06/0507/05 TBATBA Shimin 20E

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

KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3

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

03/0404/04

08/0409/04

27/0428/04

16/0417/04

TS

Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water PoseidonShpg. Shanghai, Ningbo, Qingdao. Speedy CFS

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)

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

30/0301/04 30/03 0600 Seaspan Adonis 074E P2815 293296-13/03 ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 08/0409/04 TBATBA One Altair 064E P2916 294060-23/03 Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn.

14/0416/04 TBATBA One Arcadia 0068E

18/0420/04 TBATBA Conti Conquest 0027E

25/0427/04 TBATBA Conti Crystal 0136E

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 2100 Maersk Florence 414E P2895 293892-21/03 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS

08/0409/04 TBATBA GSL Nicoletta 415E P2906 293606-18/03 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)

02/0404/04 TBATBA Zim Haifa 26E P2827 293497-15/03 OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo, GDL/Dron-1 18/0420/04 TBATBA OOCL Hamburg 149E P2928 294197-26/03 APL CMA CGM Ag. Dron.-3 & Mul. 23/0425/04 TBATBA OOCLLuxembourg 109E

ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. (CIX-3)

COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. Gold Star Star Ship Singapore, Hong Kong, Shanghai.

ANL CMA CGM Ag. Port Kelang, Singapore (CIX-3) Dron.-3 & Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

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

In Port 29/03 Xin Hongkong 069E P2774 292958-07/03 COSCO COSCO Shpg. Singapore, Hongkong, Shanghai, Ningbo, Shekou, 13/0414/04 TBATBA Xin Beijing 144E P2894 293958-22/03 APL CMA CGM Ag. Nansha, Taichung, Kaohsiung. Dron.-3 & Mul

16/0417/04 TBATBA Xin Fei Zhou 093E 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

CU Lines Seahorse Ship

07/0408/04 TBATBA Kota Layang 094E P2909 294036-23/03 Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 12/0413/04 TBATBA API Bhum 007E

21/0422/04 TBATBA Kota Loceng 145E

InterasiaInterasia (RWA / CIX 4)

Emirates Emirates Shpg.

31/0301/04 TBATBA Ian H 02410E P2850 293628-18/03 KMTC KMTC (India) Port Kelang(W), Hongkong, Qingdao, Kwangyang, Dronagiri-3

06/0407/04 TBATBA Zhong Gu Ji Nan 24002E P2839 293574-18/03 TS Lines TS Lines (I) Pusan, Ningbo, Shekou, Singapore. Dronagiri-2 12/0413/04 TBATBA KMTC Manila 2402E COSCO COSCO Shpg. (AIS SERVICE)

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

31/0301/04 31/03 1000 Daphne 862W P2868 293806-20/03 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 Lagos X GA414R Vung Tau, Da Chan Bay, Shekou (SENTOSA SHIKRA)

14/0415/04

Shpg. & Other Ports ULA CFS Emirates Emirates Shpg. Longoni, Dar Es Salaam, Zanzibar, Nacala & Other Ports Dronagiri-2 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/—

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

In Port 29/03 Fayston Farms 411S P2715 292480-29/02 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3 & Mul. 29/0330/03 28/03 1500 CMA CGM San Antonio 0MTH5W1 P2838 293573-18/03 Maersk Line Maersk India Pointe Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk CFS

06/0407/04 TBATBA AS Christiana 413S P2910 DAL Seatrade Durban, Port Elizabeth, Capetown, Maputo, Beira. (MIDAS-2)

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

31/0301/04 31/03 1200 Norderney 083W P2828 293493-15/03 ONE Line ONE (India) Mombassa, Beira, Maputo. (MJI)

31/0301/04 31/03 1000 Kyparissia 414S P2741 292542-01/03 Maersk Line Maersk India Mombasa, Victoria. Maersk CFS

07/0408/04 TBATBA Maersk Cape Town 415S P2883 293571-18/03 (MWE SERVICE)

02/0403/04 TBATBA CMA CGM Lekki OMSIJW1 P2859 293734-19/03

In

08/0409/04 Alliance Fairfax 132

09/0413/04 Adam Asnyk 66

15/0416/04 Morning Claire 126

NOTICE TO CONSIGNEES

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

Chipolbrok Samsara Shpg. Singapore, Shanghai, Taicang, Liayungang, Zhoushan.

Eukor Car Carrier Parekh Marine Pyungtaek, Masan.

m.v. “MSC MUNDRA VIII” V-IU412A I.G.M. No.2372511 DT 26-MAR-24 Exch rate 85.44

The above vessel has arrived on 28-03-2024 at NHAVA SHEVA (NSIGT) with import cargo from FREEPORT, GRAND BAHAMA, CORNER BROOK, MONTREAL, CAUCEDO, ALTAMIRA, SAN JUAN, BOSTON, CHARLESTON, HOUSTON, MIAMI, MOBILE, NEW ORLEANS, NEW YORK, NORFOLK, SAVANNAH.

Please note the item Nos. against the B/L Nos. for NHAVA SHEVA (NSIGT) delivery.

NHAVA SHEVA

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery. Consignees are requested to collect Delivery Order for all imports delivered at Nhava Sheva from our Import Documentation Dept. at Nhava Sheva - DN210 / DN211 / DN212, D-Wing, 2nd Floor, NMSEZ Commercial Complex, Plot No. 6, Sector - 11, Opp. JNPT Township, Dronagiri Node, Navi Mumbai - 400 707 , India and Mumbai - 1st Floor, MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400059 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.

The container detention charges will be applicable after standard free days from the discharge of containers meant for delivery at Nhava Sheva. The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Surveyors are M/s. Zircon Marine Services Private Limited. and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo.

Incase of any query, kindly contact Import Customer Service - (022) 66378123; IN363-imports.mumbai@msc.com

Get IGM No. / ITEM No. /CFS details on our 24hrs computerized helpline No. (IVRS No.) 8169256872

You can also visit our website: www.msc.com/ind/help-centre/tools/import-general-manifest-information As Agents

“Net exports” seen a growth driver in current quarter : Economists

Foreign trade was a drag on GDP for three quarters in a row

Cont’d from Pg. 3

Typically, India maintains a merchandise trade deficit, while services trade is in surplus. On a net basis, the country’s foreign trade in both goods and services turn out to be surplus in some quarters and deficit in others. Inflation and the v a l u e o f t h e r u p e e a r e k e y determinants too.

In Januar y-Febr uar y, the country’s overall trade deficit –i n c l u d i n g m e r c h a n d i s e a n d services – stood at $2.7 billion, much lower than $8 billion in the comparable period of FY23. Overall exports in the first two months of March quarter rose 11.7% on year, while imports grew just 7.2%.

Even though CMIE has not the estimated net exports print for March, it expects “net exports to be in surplus in the March 2024 quarter”. This means, March may

witness significant trade surplus. The National Statistical Office (NSO), however, has projected net exports to contribute negatively to GDP growth by 1 percentage point in Q4 FY24 According to the second advance estimates (SAE), India’s GDP is seen growing 5.9% in Q4, which is sharply lower than t h e p r o j e c t i o n s o f s e v e r a l economists, and also the Reserve Bank of India (RBI).

According to the RBI’s nowcast model India’s economy is expected to grow 7.2% in Q4, which will take the full year’s growth to 8%, much higher than the 7 6% growth projected by the NSO. CMIE sees the Q4 growth at 6.7%.

“NSO has already accounted for improvement in trade balance in the current quarter, even as some further upside is difficult to rule out,” s a i d A b h i s h e k U p a d h y a y,

S e n i o r E c o n o m i s t , I C I C I Securities Primary Dealership. Upadhyay, however, didn’t give any e s t i m a t e a s h e s a i d t h a t “extrapolating monthly trade data to assess impact on real GDP growth is complicated by the role of deflators thataredifficulttogetahandleon.”

Swati Arora, Economist, HDFC Bank says that going by the SAE, net exports are likely to be “less” of a drag on GDP in Q4. IDFC FIRST Bank Economist Gaura Sen Gupta said that based on JanuaryFebruary overall trade data, “the drag from net imports should be less with a surge in services surplus on a Y-o-Y basis.” Meanwhile, even as there is a possibility that overall GDP growth may be better than implied by the NSO, it is more likely t o b e a r e s u l t o f s t r o n g e r consumption demand rather than trade balance, say economists.

Logix India 2024: Unveiling India's Journey towards Global Logistics Supremacy

M U M B A I : T h e

5th Edition of Logix India, a flagship logistics event

o r g a n i z e d b y t h e Federation of Indian Export Organisations (FIEO) with the support of Ministry of Commerce & Industry, Government of India commenced from March 26, 2024 in Mumbai. The inauguration ceremony witnessed esteemed dignitaries, stakeholders, and international delegates converging to mark the beginning of a transformative journey in India's logistics landscape.

Highlighting India's economic prowess, Shri Ramesh Bais, the Hon'ble Governor of Maharashtra in his keynote address recognized the significance of the logistics sector in fuelling industrialization and g e n e r a t i n g e m p l o y m e n t opportunities He commended the efforts of the government and stakeholders in nurturing the growth o f t h e l o g i s t i c s i n d u s t r y a n d r e a f f i r m e d M a h a r a s h t r a ' s commitment to supporting initiatives like Logix India In his address, he also highlighted the prominent role logistics sector is playing in development of India’s economy and the various initiatives of the government in this direction.

I n h i s We l c o m e A d d r e s s , Shri Ashwani Kumar, President, FIEO, extended a warm welcome to

Chief Guest, Shri Ramesh Bais, t h e H o n ' b l e G o v e r n o r o f Maharashtra, and other notable personalities from the logistics sector Shri Kumar emphasized the pivotal role of Logix India 2024 in positioning I n d i a a s a g l o b a l l o g i s t i c s powerhouse, fostering partnerships, and driving economic growth.

The event witnessed insightful r e m a r k s f r o m S h r i S h y a m Jagannathan, DG Shipping, Govt of India, who emphasized the crucial role o f l o g i s t i c s i n f r a s t r u c t u r e i n India's economic development Shri Jagannathan outlined key g o v e r n m e n t i n i t i a t i v e s a n d investments aimed at enhancing logisticsefficiencyandreducingcosts

In his Vote of Thanks, Shri Paresh

K a n t i l a l M e h t a , C h a i r m a n (Western Region), FIEO expressed g r a t i t u d e t o a l l d i g n i t a r i e s , participants, and stakeholders for their contributions to the success of Logix India 2024. He highlighted the i m p o r t a n c e o f i n t e r n a t i o n a l collaboration and investment in modern infrastructure to unlock India's potential as a preferred destination for logistics services.

With participation from around 100 logistics service providers from around 30 countries, Logix India 2024 is poised to facilitate strategic collaborations, explore growth opportunities, and elevate India's position on the global logistics stage. The 3-day event is held from March 26-28,2024 at Mumbai.

ShriRameshBais,theHon'bleGovernorofMaharashtraunveilingtheLogixIndia2024 catalogue during the inaugural ceremony of Logix India 2024 at Mumbai on March26,2024.OtherdignitariesseenareShriShyamJagannathan,DGShipping,GoI; H E Raed Bukhatir, Commercial Director, SAIF Zone; Shri Ashwani Kumar, President FIEOandShriPareshKantilalMehta,Chairman(WR),FIEO.

Red Sea crisis : Asia, Africa, Europe to face most disruption, says GTRI

NEW DELHI: The Red Sea crisis is expected to adversely impact trade volumes in a substantial way in 2024, said a report by GTRI, adding that rising shipping, and insurance costs, delayed arrival of shipments will continue to disrupt global value chains, squeeze margins and make exports of many low margin products unviable from current locations

Countries like Asia, Africa and Europe will face the most disruption across industries. Started in a major way on October 19, 2023, the Red Sea crisis is in its fifth month now

Trade disruptions due to Red Sea crisis

The Red Sea shipping crisis has disrupted global trade and supply chains, particularly affecting routes through the Suez Canal, which handles about 30 per cent of global container trade. With ships now detouring around Africa’s Cape of Good Hope, transit times have gone up by 30 per cent and the global container shipping capacity too has dropped by about 9 per cent, said GTRI. This detour delays shipments from Asian producers to European consumers by up to 20 days.

Additionally, container freight rates also spiked by $500 in the last week of December 2023, with c o m p a n i e s l i k e H a p a g - L l o y d significantly raising their rates for s h i p m e n t s f r o m t h e I n d i a n subcontinent to North Europe

Maersk too is diverting all container vessels from Red Sea routes, warning customers to prepare for significant disruption.

According to data shared by the IMF, the volume of trade that passed through the Suez Canal dropped by 50 per cent year-on-year in the first two months of the year, and the volume of trade transiting around the Cape of Good Hope surged by an estimated 74 per cent in comparison to the last year’s level. By mid February 2024, approximately 621 container ships had changed their usual routes in order to avoid the crisis zone.

Now this necessary rerouting, GTRI added, is causing congestion in key ports like Cape Town, Ngqura, Richards Bay, and Durban in South Africa, leading to delays in loading and unloading cargo, which could exacerbate supply chain challenges and potentially lead to shortages.

Impact on India

The impact of the ongoing crisis impacted Indian trade, especially with the Middle East, Africa, and Europe. Approximately 65 per cent of India’s crude oil imports in FY2023, valued at $105 billion, from countries like Iraq, Saudi Arabia and others, passed through the Suez Canal Further,

p e r t h e r e p o r t , f o r o v e r a l l merchandise trade with Europe and North Africa, about 50 per cent of imports and 60 per cent of exports, totaling $113 billion, might have used this route. “This conflict is leading to i n c r e a s e d s h i p p i n g c o s t s (40-60 per cent) and delays due to rerouting (upto 20 days more), higher insurance premiums (15-20 per cent), and potential cargo loss from piracy and attacks,” the report said.

Shipping costs for all container goods, including cars and electronics are also up Confectionery companies are hit by high cocoa prices and shortages due to late deliveries from Africa, which has ultimately reduced profits Further, textile and leather industries, which operate on thin margins, are renegotiating shipping costswithbuyers,impactingearnings What can India do to mitigate these challenges

To avoid high costs of oil imports, India might look to diversify its sources of crude oil and LNG, and explore alternative trade routes to reduce dependency on the conflictprone Red Sea passage. “While India is implementing measures to ensure the safety of its ships in the Red Sea, the effectiveness may be limited as most Indian cargo is carried by global shipping firms,” GTRI said. Further, India can also rely on ports outside conflict zones, like Oman and Djibouti, for transshipment and regional trade.

G T R I a l s o s t a t e d t h a t t h e government can offer financial support and insurance schemes to Indian companies affected by trade disruptions, while also strengthening partnerships with regional players like Saudi Arabia and the UAE to encourage economic cooperation and stability

Meanwhile, Indian firms are scrambling to avoid disruption to shipments due to attacks in the Red Sea. They are negotiating costs with logistics providers, insurance c o m p a n i e s , a n d c o n s i d e r i n g alternative ports to ensure the timely delivery of goods. “Firms are adopting strategies like multiple sourcing for less complex components to maintain supply continuity and cost efficiency For more complex and critical products, companies are exploring strategic sourcing options including o n s h o r i n g , n e a r s h o r i n g , a n d friendshoring to reduce geopolitical risks and ensure supply chain resilience,” it said.

Trade disruption in Europe and Africa

As a result of the Red Sea crisis, countries around the world, including those in Europe, Asia, and the Americas, are also seeing price

increases in a variety of products, from food to electronics, which ultimately contributes to inflation and impacts consumer spending power

European Countries: European countries, heavily reliant on the Suez Canal for Asian imports, are grappling with higher shipping costs and potential goods reception delays, impacting a broad spectrum of industries from food to manufactured items. Countries in Northern Europe like Germany, the Netherlands, the UK, Belgium, and France are particularly vulnerable to these delays and cost increases.

Africa and the Middle East (including Egypt, Sudan, Yemen): These regions are particularly vulnerable due to their reliance on grain imports of wheat, corn, and rice through the Red Sea. Countries like Egypt, Sudan, and Yemen, already facing food insecurity, could see worsening conditions if grain shipments are delayed or become more expensive.

Russia: Crude oil exports to India, transiting through the Suez Canal, are impacted by the need for longer transit routes, affecting supply dynamics, costs and decreasing trade volumes.

A comprehensive international collaboration

With such drastic impact, the crisis underscores how geopolitical conflicts can swiftly destabilize global shipping routes, leading to increased shipping c o s t s a n d s i g n i f i c a n t d e l a y s across multiple sectors and regions. The crisis also underscores the importance of exploring alternative maritime and land based trade routes. This, GTRI said, includes potential investment in the Northern Sea Route a n d e x p a n d e d l a n d t r a n s p o r t infrastructure India-Middle EastEurope Economic Corridor (IMEC) becomes important in this context. IMEC, a key alternative to Suez route to export to Europe

I n d i a h a s p r o p o s e d t h e development of the India-Middle EastEurope Economic Corridor (IMEC) and it is facing delays due to the 2023 Israel-Hamas war Launched in September 2023, the IMEC was announced at the G20 Summit in New Delhi with backing from the US, India, European Union, and several M i d d l e E a s t e r n c o u n t r i e s It comprises rail, road, and sea routes across two main corridors: The East Corridor links India to the Arabian Gulf. The Northern Corridor connects the Gulf to Europe. Despite the delays, the IMEC is seen as an initiative that could significantly boost trade and economic development across three continents when realized.

Exporters work on product identification problems under UK’s replacement scheme for GSP

Cont’d from Pg. 3 and LDCs for certain items, with the “simpler and more generous” Developing Countries Trading Scheme (DCTS) has resulted in some inadvertent confusion for Indian exporters as product description under the new scheme is different from one used by India for exports, sources have said.

E f f o r t s a r e n o w o n b y t h e exporters’ body Federation of Indian Export Organisations (FIEO) to match the products by drawing equivalents so that there is clarity for exporters on the items being referred to under the new scheme, a source tracking the matter told.

“It is important for Indian exporters to sort out technical i s s u e s r e l a t e d t o p r o d u c t identification under the DCTS as India’s exports worth an estimated $2 5 billion annually were entitled for the GSP benefit in the UK,” the source said.

The scheme is intended to benefit labour-intensive sectors such as leather, carpets, chemicals, iron and steel and textiles.

The DCTS, which is described by the UK government as a simpler and more generous preferential trading scheme designed to boost trade with

developing countries, offers import duty cuts similar to the GSP scheme, but the origin declaration process for exporters for their goods to claim benefits was changed.

“The Directorate General of Foreign Trade has recently issued a notification on the changed origin declaration requirements under the UK DCTS which replaced the GSP But the products were not notified. The UK website gives the product description with HS 12-digit codes but I n d i a u s e s H S 8 - d i g i t c o d e s Now somebody has to find out the equivalent 8-digit code as that is what is used by Indian exporters. FIEO has stepped in to do so and hopefully, the matter will be sorted out soon,” the source said.

HS classication

The Harmonised System (HS) classification is an international customs classification system which allocates a unique 6-digit HS code to each group of products which lays down the chapter, heading and sub-heading under which a given item is classified to determine what tariffs they attract. The HS codes are further subdivided into 7 to 12- digit items or more depending on the country for a finer classification of items.

“In international trade, the

HS classification nomenclature varies from country to country But there is no change in the HS 6-digit code which is strictly according to the Wo r l d C u s t o m s O r g a n i s a t i o n classification So if products get identified at the HS 6-digit level then concurrence between the subgroups at the higher levels of classification can be worked out. Exporters can do the matching,” a Government official said.

“Starting from January 1, 2024, Indian exporters to the UK are required to adhere to the new rules under DCTS to avail concessions on their exports to the UK,” the trade notice issued by the DGFT last week noted.

Goods that meet the UK DCTS Rules of Origin (ROO) requirements w o u l d b e e l i g i b l e t o c l a i m a concessional rate of import duty for exports to the UK.

“Consequently, the origin criteria necessary for satisfying the ROO to avail tariff concessions on exports from India to the UK must be filled in through self-certification,” it added.

Indian exporters must, therefore, use origin declaration wording under the DCTS scheme, in place of origin declaration wording under GSP .

Visakhapatnam Port awards LoA to Eversun Marine to develop East Quay- 6 berth on PPP Mode

work “Development and Mechanization of existing East Quay – 6 Berth in the Inner Harbour of Visakhapatnam Port for handling all types of Cargos on DBFOT basis” in the presence of Heads of Departments and Head of Project Monitoring Unit Chairperson, VPA, informed that this

facility would add more throughputs to the Port of Visakhapatnam.

The proposed facility is a Semimechanization of the existing EQ-6 Berth with Berth length of 255Mtrs, which involves installing new Harbour Mobile Crane (HMC) with 1500TPH and Mobile Hopper of 150 T along with other

handling equipments i.e. Cranes, Loaders, Trucks, Fork lifts etc. with an investment of Rs. 66.12 Crores, which can handle all types of cargos with handling capacity of 2.62MMTPA

The facility developed is envisaged for handling vessels upto 50,000 DWT, maximum LoA of 200Mtrs. with beam of 32 Mtrs. at a draft of 11.50 Mtrs. The entire construction work including installation of new HMC and other project facilities is likely to complete within 15 months from the date award of concession. The total Concession Period is 30 years. The proposed facility is likely to generate employment to atleast 100 direct and indirect employments to locals and shall be with State of Art technology

Morgan Stanley raises India's GDP growth expectation for FY25 to 6.8%

MUMBAI: Global Brokerage firm

Morgan Stanley has raised India's GDP g r o w t h e s t i m a t e s f o r F Y 2 5 t o 6.8 per cent from 6.5 per cent earlier on the back on continued traction in industrial and capex activity.

The forecast for FY24 GDP stood at 7 9 per cent "We expect GDP growth to track at around 7 per cent in

QE Mar-24 with GVA growth of 6 3 per cent and thus F2024e GDP growth of 7 9 per cent," the company said in its report Furthermore, it said that the growth us expected to be broad-based and the gaps between rural-urban consumption and private-public capex will be narrow in the next fiscal i e FY25

"The cycle will have more years of s t e a d y e x p a n s i o n d r i v e n b y improvement in productivity growth, which will ensure macro stability remains benign. Indeed, we expect CPI inflation to track at 4.5 per cent in F2025e and F2026e and current account deficit at 1 per cent of GDP in F2025e and F2026e," it further stated.

VESSELS

CJ-IIIA

Rehansh Ocean Harmony 29/03

CJ-IV Thrasyvoulos V Interocean 01/04

CJ-V VACANT

CJ-VI VACANT

CJ-VII Western Singapore Genesis 28/03

CJ-VIII VACANT

CJ-IX Senorita Interocean 31/03

CJ-X VACANT

CJ-XI VACANT

CJ-XII Artam Armita India 29/03

CJ-XIII Seastar Viking Synergy

CJ-XIV VACANT

CJ-XV VACANT

CJ-XVAVACANT

CJ-XVI

OJ-V VACANT

OJ-VI VACANT

NSFT

NSICT

BLPL Trust (V-1404E)(BMCT) BLPL Transworld GLS Far East

APL

23/03

Ever Sigma (V-125E) Evergreen Shpg. 2372296 23/03

Maersk Zambezi (V-412W) Maersk India 2372326 23/03

X-Press Phoenix (V-24013E) Sea Consortium 2372331 23/03

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

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

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

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

Maersk Virginia (V-413W) Maersk India 2372362 25/03

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

Fayston Farms (V-411S) Maersk India 2372387 25/03

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

CMA CGM Titus (V-OMXTGW1) CMA CGM

NSIGT

Cap San Juan (V-412W) Maersk India 2372515 26/03

Al Safat (V-006W) ISS Shipping 2372519 26/03

Wadi Duka (V-2405W) Sea Bridge 2372530 27/03

Wan Hai 311 (V-E231) Interasia Shpg. 2372531 27/03

MSC Mexico V (V-IV413A) MSC Agency 2372557 27/03

Vessel Name (Voy) Sailing Dt. Next Port EXPORT SAILING FROM NSFT EXPORT SAILING FROM NSICT

Virginia (V-413W)

BMCT

Noire

Athenian (V-4111) 18-03-2024 ACMTPL

Grace Bridge (V-24002E) 20-03-2024 MICT

Little Worrior (V-2409W) 21-03-2024 Sohar

MSC Shay (V-IP412A) 23-03-2024 Hazira

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

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

Ever Sigma (V-125E) 28-03-2024 AMCT

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

OOCL Genoa (V-069E) 28-03-2024 Pipavav

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 Mundra

Jeju Isand (V-E402) 28-03-2024 MICT

CMA CGM Gemini (V-OPE8VW1) 28-03-2024 ACMT Advance (V-050W) 28-03-2024 Khalifa

17

18 TBC Purpose Samsara

19/20 W Huang Pu J.M. Baxi

21 Rui Fu Bang Mitsutor

B.Pier CP Galaxy Samsara

B.P. Extn. African Owl Shaan Marine

OCT 1 Sunrise Mitsutor

OCT 2 Hangze Goteborg Samsara

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

NSD-2

NSD-3 Mahanuwara J M Baxi

Coastal

LB-1 Hanyu Camellia Samudra

LB-2

´´ ´´ CUSTOM

BMCT

BMCT-1 Xin Hongkong COSCO Shipping

BMCT-2 Grand Mariner PRD

BMCT-3 Hyundai Brave HMM Shipping

ALL RATES PER UNIT

W. E. F. 27-03-2024

ON 27-03-2024

´ ´ ´ ´ FOREIGN EXCHANGE RATES

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

Digitalising the chemical supply chain; Thoughts from LogiChem 2024

AMSTERDAM: It is exciting to see the industry recognising the value of digitalisation. The chemical supply chain event encouraged companies to adapt their “workforce, systems and resources to foster end-to-end supply chain connectivity” and “harness the power of master data integration” for “real-time visibility and risk mitigation.”This requires a transformation, and there are challenges to face which supply chain partners must work together to overcome. Digitalising operations is no small undertaking, not least because the chemical industry must also navigate geopolitics, regulation and security considerations.Yet, companies recognise that collaboration and interoperability will help them leverage data insights more effectively and use them to improve supply chain management. They want to improve agility, sustainability processes and reduce costs They acknowledge the challenge isn’t only to improve information exchange with external partners; they also must streamline internal communication. Supply chain and logistics, procurement, compliance and other teams can only collaborate fully and effectively when they have the right data and resources. In this, as with their external environment, they are finding new ways to partner and work together

Standards for bidirectional data

Standards for bidirectional data are very important for reliable, fast access to information. DCSA’s message at the event was that standardising data can help the chemical supply chain achieve interoperability, efficiencies and reduced costs. The workshop was an opportunity to explain DCSA’s role in container shipping, build awareness of digital standards, discuss how they can support strategies in the supply chain, understand industry goals and unpack obstacles to implementation Understandably, manufacturers want to know what is in it for them. Like all cargo owners and freight forwarders they suffer from inadequate access to accurate, timely digital data. This increases operational costs by creating inefficiency, uncertainty and waste.

On-demand access to shipping data and documents

They need a fully interoperable global trade ecosystem,

in which all stakeholders have on-demand access to accurate, timely digital shipping data and documents DCSA’s standards align data, processes and technology so trade participants can automatically exchange critical information in real-time. This improves container visibility into the end-to-end cargo journey as stakeholders progressively eliminate manual processes.

By adopting DCSA standards, chemical manufacturers equip their logistics teams to make more effective business decisions and improve resource utilisation, but they also want to be more flexible and able to respond rapidly to changing events. This fuels their appetite to work on new business methods.Added to this, chemical manufacturers supply automotive and pharmaceuticals, industries that must be transparent, are heavily regulated, and have sustainability aims These customers demand their suppliers help them achieve these goals, and that spurs the chemical industry still further to pursue every opportunity to sharpen practices, improve processes and work smarter In this, software solutions providers, also in attendance at LogiChem 2024, play a key role Their solutions facilitate the exchange of shipping data and documentation between cargo owners, terminals, banks and other stakeholders. With DCSA’s digital standards, solutions providers can create channels for this data exchange to be seamless, by using interoperable data models and Application Programming Interfaces (APIs). This enables more effective collaboration and reduces the resources required to develop solutions that maximise value.

Taking the next step

The chemical supply chain recognises that collaboration is key to addressing its challenges to align and harmonise data in the internal and external environments. The technology and data are there to support a digital transformation that will enable interoperability, boost efficiency, improve the customer experience and support sustainability objectives At LogiChem EU, we saw a willingness for change and the talent to make progress happen.

IMO to introduce CO2 charge worldwide by 2027

L O N D O N : T h e shipping industry is being lined up as a guinea pig for a world-first: a global, mandatory charge on greenhouse gas emissions.

The International Maritime Organization — which regulates shipping worldwide — inched closer toward such a levy at talks held in London this week. The United Nations agency plans to finalize the detail of the measure next year, and have it introduced in 2027.

While the timeline is clear, there’s far less certainty about how it will actually work and whether there will be a significant impact on the emissions of an industry that carries 80% of world trade and spews more than a billion tons of carbon dioxide into the atmosphere each year

“We will have a pricing mechanism,” said the IMO’s Secretary General, Arsenio Dominguez, in a meeting with journalists at the organization’s London headquarters. “Of that, I have no doubt.”

Countries including the Marshall Islands — the flag state for thousands of vessels — earlier submitted a proposal for a minimum emissions charge of $150 per ton of CO2-equivalent, which would add hundreds of dollars to shippers’ fuel bills for every ton of oil they burn. Others, including European Union nations, Canada and China have submitted separate documents discussing GHG pricing.

Nailing down precisely how the money will be raised, where it will ultimately go and, most importantly, what the price should be, will be tough. Back in 2022, a yearslong campaign for a comparatively tiny $2 per ton levy

was ultimately rejected And Donald Tr ump, who previously pulled the US out of the Paris climate accord, could also be in the White House before the IMO makes its final decision.

When it comes into force, the IMO’s mechanism is set to be the planet’s first ever global, mandatory price for GHG emissions — no other discussions for any other sector are as advanced, according to Dominik Englert, a senior economist at the World Bank.

A levy isn’t the only way the IMO aims to hit its targets for decarbonizing shipping It’s also working on regulation for a phased reduction in the GHG-intensity of ship fuel.

“The UN is on the edge of adopting the world’s firstever global emissions price, but the policy will only be as successful as countries make it,” said Sandra Chiri, a Shipping Manager at the not-for-prot organization Ocean Conservancy.