Mumbai-28-08-2023

T. S. Lines launches second loop to India’s East Coast with commencement of IFX2 service from Sept 2023

MUMBAI: T. S. Lines has been serving Indian trade for over two decades. To reinforce interest in Indian trade, T.S. Lines is pleased to announce the launch of their second loop into East Coast India with their new service (IFX2).

Deendayal Port Authority signs Concession Agreement with DP World for Development of Mega-Container

Terminal at Tuna-Tekra

by the

His

august presence of Shri Sarbananda Sonowal, Hon’ble Union Minister for Ports, Shipping & Waterways and AYUSH;

Excellency Sultan Ahmed Bin Sulayem, Group Chairman & CEO, DP World...

Cont’d. Pg. 4

Shri S.K. Mehta, IFS and Shri Rizwan Soomar signing the ConcessionAgreement

Cont’d. Pg. 6 & 10

T. S. Lines launches second loop to India’s East Coast with commencement of IFX2 service from Sept 2023

Cont’d. from Pg. 3

T. S. Lines currently operates with their IFX service from FE/ China/ S.E Asia to East Coast India.

T S. Lines firmly believes these two services to East Coast India would further complement their core service offering, enabling them to provide greater diversity with multiple sailings to their customers This represents a great opportunity for business expansion both to Reefer and Dry Trade in ports and ICDs.

The new IFX 2 Loop – Chennai-Vizag-WpklShekou-Qingdao-Shanghai-Ningbo-Shekou-Chennai. First vessel is expected to arrive in Chennai on the 08th of September 2023.

Besides above, T S. Lines has an extensive network in Indian ports and ICDs with their other 6 services operating from ports in West Coast of India to EAF, MEG, SEA, China & FE with strong focus on carrying Specials (Reefers / OT’s and Fr’s).

T.S. Lines (Established in 2001) is a leading, fast-growing

and one of the most profitable Asia region focussed container shipping companies.

T S Lines primarily operates in the Asia region, which is the largest container shipping region in the world and one of the fastest growing regions in terms of shipping volume.

T.S. Lines operates with 40 ships (30 owned, 10 chartered) and has 18 ships on order book with vessel deliveries planned until 2024.

With an extensive network in the Asia region market, T S Lines presently operates on 41 services covering various countries and regions.

India needs to improve its Customs clearance framework to become Export hub : DP World Chairman & CEO

NEW DELHI: There is an urgent need to reform the Customs clearance framework in India if the country wants to become an export hub according to Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Ofcer, DP World.

Speaking at the B20 Summit India 2023, organised in collaboration of the Confederation of Indian Industry (CII), Sulayem said, “If you (India) want to become an export country, then the laws have to be changed You have to be

more liberal, to allow people to export and fast track exports, remove many of the restrictions and Customs.” He said that while there are rules around Customs clearances, the departments around the world are slow to adopt, hampering trade “Customs (Department) is key today and they need to be improved Procedures need to be digitised If Customs can coordinate with Customs Departments of other countries, it is better than even free trade,” Sulayem said, adding that the “biggestproblem”ineverycountryisCustoms

Deendayal Port Authority signs Concession Agreement with DP World for Development of Mega-Container Terminal at Tuna-Tekra

• The Cabinet Commiee on Economic Affairs chaired by Hon’ble Prime Minister approved development of SubjectProjectinOctober2022.

• The esmated cost of Rs. 4,243.64 crore is on the part of the Concessionaire and an esmated cost of common user facilies of Rs. 296.20 Crore is on the part of the Concessioning Authority towards development of commonuserfacilies.

• This investment is the highest ever made in any major port in the country. Also, the royalty offered is the highest ever offeredinanyPPPProjectintheMajorPorts.

• Strategically located in Kandla, Gujarat, the greenfield terminal will be capable of handling next-generaon vessels carryingmorethan18,000TEUs.

Cont’d. from Pg. 3

... Shri Shripad Naik, Hon’ble Minister of State for Ports, Shipping & Waterways and Tourism; Shri Shantanu Thakur, Hon’ble Minister of State for Ports, Shipping & Wa t e r w a y s ; S h r i T . K . Ramachandran, Secretary to the Govt. of India, MoPSW and other Senior officials of MoPSW and DP World. The Agreement was signed between Shri S K Mehta, IFS, Chairman, Deendayal Port Authority and Shri Rizwan Soomar, MD & CEO, DP World SCO & MENA in New Delhi on 25th August 2023.

The concession to develop the Mega-Container Terminal at Tuna-Tekra, Kandla, Gujarat was awarded to DP World in January 2023 by the Deendayal Port Authority, under the Build-Operate-Transfer (BOT) basis for a period of 30 years with an extension option a further 20 years.

Shri Sarbananda Sonowal said, “The signing of the concession agreement between Deendayal Port Authority and DP World is a momentous event indeed as it marks yet another significant breakthrough in building best-in-class infrastructure in India under the PublicPrivate Partnership model. The Project aligns with our Hon’ble Prime Minister’s Amrit Kaal Vision 2047 and would quadruple port handling capacity and develop multimodal logistics infrastructure to promote economic growth Once operational, the terminal will play an important role in the Government’s ambitious vision to make India an ‘Export Hub' as also support the creation of direct and indirect employment in various sectors such as transportation, distribution and supply chain”.

The project involves the construction of a Mega-Container Terminal at Tuna-Tekra, a satellite facility at Deendayal Port, through a Public Private Partnership (PPP) The terminal is expected to commence operations by early in 2027. Once complete, it will include a 1,100m berth capable of handling nextgeneration vessels carrying more than 18,000 TEUs without any pre-berthing detention for want of the tide and will have a total capacity of 2.19 million TEUs per Annum.

The new terminal will cater to the future requirement of the hinterland across northern, western and central India, and further strengthen trade by connecting businesses from these regions to international markets. The project will be a part of the National Infrastructure Pipeline and will complement initiatives of the Government of India, such as the PM Gati Shakti Master Plan and National Logistics Policy. It is also aligned with the Indian Government’s Vision 2047, which aims to quadruple the country’s port handling capacity and efforts towards developing multimodal logistics infrastructure promoting economic growth.

Speaking on the occasion, the Union Minister of Ports, Shipping & Water ways and Ayush,

The new terminal will cater to the future requirement of the hinterland across northern, western and central India, and further strengthen trade by connecting businesses from these regions to international markets. The project is part of the National Infrastructure Pipeline and will complement initiatives of the Government of India, such as the PM Gati Shakti Master Plan and National Logistics Policy. It is also aligned with the Indian Government’s Vision 2047, which aims to quadruple the country’s port handling capacity and efforts towards developing multimodal logistics infrastructure promoting economic growth.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are honoured to partner with Deendayal Port Authority in developing this new Mega-Container Terminal at Tuna-Tekra.

Deendayal Port Authority signs Concession Agreement with DP World for Development of Mega-Container Terminal at Tuna-Tekra

Cont’d. from Pg. 6 It will enable D P W o r l d t o

d e l i v e r t r a d e

opportunities, by connecting Northern, Western and Central India with global markets, thereby driving value for all our stakeholders. India represents a significant landscape for opportunity The signing of this concession agreement marks another milestone in our collective efforts with the National Investment and Infrastructure Fund to leverage DP World’s expertise in logistics infrastructure and local knowledge to strengthen India’s supply chain to support the growth of Trade and Industry.”

Shri S.K. Mehta Chairman, Deendayal Port Authority commented: “We are delighted to partner with DP World in developing one of our pathbreaking projects at the Deendayal Port The Tuna-Tekra mega- terminal will be one of the largest container terminals to be set up in the Country It will help increase the productivity and cargo handling capacity of the port. As one of India’s busiest ports, we are committed to enhancing our capacity to serve the nation and businesses by reducing congestion and driving trade efficiencies. The Indian Railways have recently approved the quadrupling of Samakhiali – Gandhidham line, which will be a big boost for the upcoming container terminal at Tuna Tekra. In addition, we are in discussion to implement various other initiatives to enhance connectivity of Kandla and Tuna Tekra along with Ministry of Road Transport and Highways and Indian Railways.”

located strategically on the western coast of India, is a testament to the nation's commitment to enhancing its maritime infrastructure.

This state-of-the-art terminal is poised to become a key hub for international trade and will contribute significantly to India's economic growth.

The Project shall not only bring a new era of Mega Container handling at Deendayal Port at Kandla, but also have a huge positive impact on economical & social scenariooftheKutchdistrictandGujaratregionatlarge The project will entail the following benets

1. Due to its strategic location (closest among all portsMajor or minor, to the densely populated and fast developing northern hinterland), the Container Terminal will help in decreasing the cost of container logistics in the country

2. With deep draft and latest handling technology, the Container Terminal is expected to set up a new benchmark in productivity and ease-ofdoing-business.

3. The Container Terminal is expected to transform the economic landscape of Kutch, with creation of several ancillary services (warehousing etc.) and direct and indirect employment opportunities to millions of people.

4. The Container Terminal, apart from earning royalties for DPA will also be a buoyant source of taxation income (direct and Indirect) to the GOI.

Shri Rajiv Dhar, CEO and Managing Director, National Investment and Infrastructure Fund, commented : “We are excited to collaborate with Deendayal Port Authority and DP World to develop one of the largest greenfield infrastructure projects in India’s ports sector on a Public-Private Partnership basis This project will create significant value for end-users and help the Government achieve its goal of reducing logistics costs for trade. This project is a testament to our ability to drive large-scale infrastructure development by partnering with strategic players.”

The new terminal will be constructed and equipped with most modern facilities and equipment over an area of approximately 63.4 Hectares. The terminal will be well connected to the hinterland through the network of roads, highways, railways and the Dedicated Freight Corridors.

The Mega Container Terminal at Deendayal Port,

5. The Container Terminal is also likely to give a major fillip to infrastructure development in Gujarat with major investments needed from NHAI, and Railways These are likely to help the development of other parts of the state as well, apart from Kutch.

6. The terminal will be well-connected to major road and rail networks, facilitating efficient transportation of cargo to various parts of the countr y This connectivity is expected to reduce logistics costs and increase the competitiveness of Indian exports.

7. Environmental considerations will be at the forefront of the terminal's design. Implementing eco-friendly practices, the terminal aims to minimize its carbon footprint, setting an example for sustainable port operations.

8. The development of the terminal will create a significant number of direct and indirect job opportunities, contributing to local employment and socio-economic development.

The above vessel has arrived at NHAVA SHEVA (NSICT), INDIA on 28-08-2023 with import cargoes from ports BUSAN, KAOHSIUNG, LAEM CHABANG, PORT KLANG WESTPORT, QINGDAO, SINGAPORE, XINGANG also transshipment cargo of following Ex. Mother vessels:

Consignees are requested to present Original Bills of Lading duly discharged and obtain Delivery Order on payment of all charges as applicable. Detention charges where applicable will be charged as per tariff.

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

Consignees are also requested to note that the carriers and/or their Agents are not bound to send individual notifications regarding arrival of the vessel or the goods.

Note : For IGM & ITEM nos. Vessel arrival inquiry, destination charges tariff please visit our site : www.ekmtc.com For KOREA MARINE TRANSPORT CO. LTD. As Agents :

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

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

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

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

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

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

Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

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

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

TO

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

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

LOAD FOR BLACK SEA, EAST

& C.I.S PORTS from NSICT

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

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

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

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

TO LOAD FOR WEST ASIA GULF PORTS From NSICT

Logistic Ser. Jebel Ali, Bandar Abbas.

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

Shpg. Aiyer Shpg. Jebel Ali. BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas.

TO LOAD FOR WEST ASIA GULF PORTS From NSIGT

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

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

from NSICT

Shanghai, Ningbo. Dronagiri

Ever Eagle 174E

Celsius Naples 897E

TS Kelang 23005E

PIL India/One(I) —/—

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

KMTC (I)

Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3

02/1003/10 TBATBA Ever Excel 169E TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2

09/1010/10 TBATBA Ever Ethic 163E

CISC Service

HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

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

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

30/0831/08 TBATBA Gulf Barakah 2313E P1053 279204-17/08 Asyad Line Seabridge Jakarta, Singapore, Port Kelang.(IEX)

30/0831/08 TBATBA TS Dalian E23030 P1041 Global Feeder Sima Marine

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

PORTS from GTI

LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT

SERVICE)

COSCO Shpg. (AIS SERVICE)

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

TO

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

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

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

TO

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

TO

NOTICE TO CONSIGNEES

ZIM INTEGRATED SHIPPING SERVICES

The above vessel has arrived at BMCT on 27/08/2023 with Import Cargo in containers.

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

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

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

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

As Agents

ZIM INTEGRATED SHIPPING SERVICES (INDIA) PVT. LTD.

India, Greece target doubling bilateral trade by 2030: PM Modi

ATHENS: India and Greece plan to double their bilateral trade by 2030, announced Prime Minister Shri Narendra Modi during his official visit to the Country The bilateral trade stood at nearly $2 billion in 2022-23.

India mainly exports aluminum, organic chemicals, fish and crustaceans and iron and steel to Greece, among other things. Meanwhile, Greece’s top exports to India are minerals fuels, mineral oils and products, sulphur and aluminium foil.

Both sides will also sign a migration and mobility agreement to improve the flow of people and talent between the two countries. Mint had reported on this development in August. The two countries also agreed to elevate bilateral ties to the level of a “strategic partnership”.

Prime Minister Modi met with his counterpart Kyriakos Mitsotakis, Prime Minister of Greece, for leaderlevel talks.

“The discussions covered various dimensions of the bilateral partnership, including trade and investment, defense and security, technology, infrastructure, digital payments, shipping, pharma, agriculture,

migration and mobility, tourism, skill development, culture, education and people to people ties. They also discussed regional and multilateral issues, including the EU, Indo-Pacific and the Mediterranean. They called for respect of international law, sovereignty and territorial integrity,” according to a press release from the Ministry of External Affairs.

Prime Minister Modi also met with Greece’s President Katerina N. Sakellaropoulou.

India and Greece have enjoyed a close relationship for years.

India's heart with US rather than China-led trade pact RCEP : Piyush Goyal

NEW DELHI: At a session with Chinese and US Trade Ministers, Union Minister Piyush Goyal recently said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at the trade surplus with the US. The Commerce and Industry Minister's remarks at the B20 summit in the national capital while moderating the 'Trade Ministers' Session' where Wang Shouwen, Vice Minister in the Ministry of Commerce of China and US Trade Representative Katherine Tai were present.

Goyal asked Wang if Beijing regretted that India chose not to join the Regional Comprehensive Economic Partnership (RCEP). To this, Wang said China and India's trade relationship has been growing very fast and last year, the bilateral trade reached USD 130 billion.

"If there had been an FTA agreement between China and India, either bilaterally or in RCEP context, the trade potential (that) exists between our two countries will be much further tapped in to the benefit of our two peoples. So, it is your decision to decide whether you will join RCEP but the RCEP door will be always open to India," Wang said.

Responding to the comment, Goyal said the bilateral trade would have gone up, but also the trade deficit.

"We are already concerned that the bilateral trade even though USD 130 billion is largely skewed in favour of China The Indian industry feels that if you had entered into this agreement with the RCEP this trade would have suddenly increased, but it would only have

increased the trade deficit further "

The Indian Minister also wondered how China does the costing and pricing of goods it exports.

"...it's a matter that I think all the Ministers would like to know how you can supply goods at less than the raw material costs," Goyal asked.

In reply, Wang congratulated Goyal for being a very successful Trade Minister for India.

"...even though you are not able to balance your trade with each and every ... trading partner, you have been very successful in maintaining a global trade balance overall for the Country. "So it is natural that you will have trade deficits with countries like China, but you will also have a trade surplus with other countries. It is very good that you are able to maintain your trade balance globally," he added.

With the US, India enjoyed a trade surplus of about USD 28 billion during 2022-23, while there was a deficit of about USD 83 billion with China, as per the Commerce Ministry data.

"The Chairman had retorted that his heart was on the left-hand side. So my heart here is with (USTR) Katherine Tai from the United States of America (who was sitting on Goyal's left side)," the Indian trade minister said amid applause from the audience, largely comprising domestic and global business leaders.

Goyal also applauded the USTR's leadership in bilaterally resolving six out of seven disputes at WTO between India.

Apeejay Shipping acquires Japanese-built vessel, to pursue further eet growth

KOLKATA: Apeejay Shipping Ltd (ASL) has announced the acquisition of a Japanese-built vessel with a deadweight capacity of 76,812 MT. The vessel adds significant strength to the Kolkata-based company's fleet, now totalling 10 vessels and boasting of a combined deadweight tonnage (dwt) of 671,332 MT

"We will continue to look for and acquire more ships and focus on expansion and growth," said Karan Paul, Chairman of the Apeejay Surendra Group.

Officials shared that ASL, the third-largest ship owner in India, aims to achieve a capacity of one million tonnes in the future.

The announcement of this acquisition coincides with the celebration of ASL's 75th year of existence.

In 2022, the Union government announced a range of measures to enhance the tonnage of Indian shipping companies, including subsidies. Meanwhile, an ICRA credit report of July 2022, highlighted ASL's track record, noting its previousacquisitionsofthreesecond-handshipsinFY2018.

The report underlined ASL's predominant focus on the dry-bulk segment, with coal constituting a significant portion of its transported goods.

However, it also drew attention to the relatively higher client concentration risk faced by the company

ZIM INTEGRATED SHIPPING SERVICES

m.v. “SEAMAX STRATFORD ” V-124E

NO. 2353008 Dtd. 25.08.2023

The above vessel has arrived at GTI on 28/08/2023 with Import Cargo in containers.

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

If there is any delay in CY-CFS movement due to port congestion Line/Agent are not responsible for the same. Consignees will please note that the Carriers and/or their Agents are not bound to send individual notifications regarding the arrival of the vessel or the goods. For detailed information on cargo availability please contact our office. For any charges enquiries, Please contact on our Import Hotline No. : 4252 4444 Container Movement to OCEANGATE CONTAINER TERMINAL PVT. LTD.

As Agents

ZIM INTEGRATED SHIPPING SERVICES (INDIA) PVT. LTD.

Raheja Centre-Point, 3rd Floor, 294, C.S.T. Road, Near Mumbai University, Kalina, Santacruz (East), Mumbai - 400 098. Maharashtra, India. Tel : 91-22-4252 4301 Fax : 91-22-4252 4142

NOTICE TO CONSIGNEES

m.v. “ SEAMAX STRATFORD” V-124E IGM NO. 2353008 DTD. 25.08.2023

The above vessel has arrived at GTI on 28/08/2023 with Import Cargo in containers.

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

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

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

For detailed information on cargo availability please contact our office.

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

NOS.

Govt to decide on New Freight Corridors soon : Chairman, Railway Board

NEW DELHI: The Ministry of Railways will soon take a call on taking up three proposed dedicated freight corridors (DFCs) worth at least Rs 2.35 trillion, Chairman and CEO of the Railway Board Anil Kumar Lahoti said recently Lahoti was speaking during an internal review of the Dedicated Freight Corridor Corporation of India (DFCCIL) when he told the chief general managers of the public sector undertaking (PSU) that the railway board has received detailed project reports (DPRs) for the new corridors

The three proposed corridors — East-West Corridor, North-South Corridor, and East Coast Corridor were conceptualised in 2020 in the wake of the Centre’s aim to increase the modal share of railways to 45 per cent in national logistics by 2030 from the present 27 per cent.

A DPR is the foundational document for any infrastructure project to be undertaken. It contains

geographical estimates, location surveys, compliance burdens, and financial assessments.

Planning for the corridors took a long time due to uncertainties over the future of the plan along with a change in approach by the railway board, where it sought an alternate approach of enhancing existing corridors over building new DFCs, this paper had reported in May 2022.

The proposed 1,115-kilometre (km) East Coast Corridor starts from Kharagpur (near Hijli station of IR), passes through Rupsa, Jakhapura, Haridaspur, Rajatgarh, Khurda Road, N a u p a d a , V i z a N a g a r , Vishakhapatanam and ends near north of Vijayawada Station.

The proposed East–West DFC is p l a n n e d b e t w e e n K o l k a t a (Andal/Dankuni) to Bhusawal in Maharashtra, with an approximate length of 1,868 kilometre.This, earlier, was expected to be integrated with the partly operational eastern DFC which was to be built up to Andal.

However, the Union Cabinet committee on economic affairs recently decided to scrap the DFC and build regular rail tracks from Bihar to Andal.

The third corridor or North–South DFC will start from Vijayawada to Itarsi covering 975 kilometre through Madhya Pradesh, Maharashtra and Andhra Pradesh.

According to a projection by railway- owned consulting firm RITES, the East-West corridor is slated to account for 449 million tonne (mt) of freight in the coming years, while the east coast corridor would handle 405 mt by 2031-32.

Currently, 200 trains are running on DFCCIL tracks daily, which will be scaled up substantially over time, Lahoti said at the event.

“The organisation should leverage the liberal Gati Shakti Multi-Modal Cargo Terminal (GCT) policy to maximize the number of GCTs along its alignment,” he told the PSU’s officials.

India xes sugar exports quota at 5,841 tn for EU

NEW DELHI: India has notified sugar exports of 5,841 tonnes to the European Union under the tariff-rate quota (TRQ) scheme for 2023-24 (October 2023 to September 2024).

TRQ is a quota for a volume of exports that enters the European Union (EU) with relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments.

"The Director General of Foreign Trade hereby allocates quantity of

5,841 MT for export of sugar to EU from India under TRQ for the year 2023-24 (October 2023 to September 2024)," an official notification said.

It said that a Certificate of Origin, if required, for preferential export of sugar to EU, shall be issued by the Additional Director General of Foreign Trade, Mumbai on the r e c o m m e n d a t i o n o f A P E D A regarding the entity and quantity for which it is eligible.

The quota will be operated by the Agriculture and Processed Food Products Export Development A u t h o r i t y ( A P E D A ) a s t h e implementing agency for the export of TRQ items to the EU.

" T h e q u a n t i t y o f 5 8 4 1 M T sugar to be exported to EU from India under TRQ for the year 2 0 2 3 - 2 4 ( O c t o b e r 2 0 2 3 t o S e p t e m b e r 2 0 2 4 ) h a s b e e n notified," it added

Freight Terminal to come up in Ambala: Haryana State Minister

AMBALA: Haryana Home and Health Minister, Anil Vij, on Friday said a new freight terminal will be established in Ambala to enhance freight transportation.

This terminal, to be positioned on the Eastern Dedicated Freight Corridor, will provide traders from Ambala and neighboring states with the convenience of sending and receiving goods to and from any part of the Country, he said

The Minister said the freight terminal’s constr uction would significantly stimulate Ambala’s commerce. The terminal will offer a cost-effective and expedient means to distribute goods across the country, replacing the conventional reliance on road transport The progress toward establishing the terminal in Ambala is already underway, he added.

The Eastern Dedicated Freight Corridor is a dedicated rail line

geared to facilitate swift movement of goods through freight trains. This specialized rail corridor, soon to commence operations, includes plans for a freight terminal in Ambala.

G i v e n A m b a l a ’ s s t r a t e g i c g e o g r a p h i c a l a d v a n t a g e , t h e ter minal’s placement here is considered optimal, making it easily accessible for the transport of goods from districts including Himachal Pradesh, Punjab, and Chandigarh, an official spokesperson said.

Forex reserves see biggest weekly fall in over 6 months

MUMBAI: India's forex reserves declined to a near two-month low and was the biggest weekly fall in over six months for the week ending August 18, latest data by the Reser ve Bank of India (RBI) showed on Friday.

Forex reserves for the week mentioned dipped by $7.28 billion to $594.90 billion.

For the week ending August 11, India's forex reserves went up by $708 million and stood at $602.161 billion.

Apart from this, gold reserves for

the week dipped by $515 million to $43.824 billion while SDRs were down by $119 million to $18 205 billion, revealed data by RBI.

India's reserve position in the IMF also dropped by $51 million to $50.72 billion.

Trade decit falling at a rapid pace, exports to see growth in coming months: Piyush Goyal

JAIPUR : India's trade deficit is falling at a rapid pace and the exports are expected to see positive growth in the coming months, Commerce and Industry Minister PiyushGoyal said recently. He said that countries in the world are facing a slowdown & global trade is relatively weak right now

Given the challenging situation, high interest rates, and cut down in discretionary spending have led to a fall in the exports of readymade apparel and the gem and jewellery sector, the Minister said adding lower petroleum prices have resulted in

lower export numbers.

"All in all, trade continues to be robust, our trade deficit is falling rapidly And India will continue to benefit significantly from our global outreach," Goyalwas by PTI as saying.

When asked if he expects the country's merchandise exports to come in positive growth from September, he said, "I do believe it is possible".

India's exports contracted by 15.88 per cent in July, the sixth straight month of decline, to USD 32.25 billion this year due to a global slowdown and

a fall in shipments of key sectors like petroleum, and gems and jewellery

Imports during the month also declined by 17 per cent, the eighth month of fall in a row, to USD 52.92 billion from USD 63.77 billion in July 2022. This led to a narrowing of the trade deficit to USD 20 67 billion against USD 25.43 billion in July 2022.

Talking about his bilateral meetings, the Minister said that more and more countries are looking at expanding trade and business with India. "There is a lot of interest to invest in India," he added.

Shipping Ministry mulls ₹ 11,000-crore

PLI scheme for standard Container making

NEW DELHI : The Ministry of Ports, Shipping and Waterways is mulling over a ₹11,000-crore PLI scheme spread over a nine-year period for the manufacture of shipping containers. The scheme will look to push the country as a shipping container manufacturing hub, competing with the likes of China, and garnering at least 10 per cent demand from global liners.

According to a Cabinet note accessed, of the nine years of outlay, incentives will be fixed for the first five years, while it would “taper or decrease” for the next four years.

Feasibility studies for the PLI scheme were carried out by the Kolkata-based Indian Institute of Foreign Trade.

A senior Shipping Ministry official said, due to Covid, India has seen an acute shortage of shipping containers

since October 2020, which has disrupted the global supply chain.

PLI draft

Two incentive schemes are being proposed – one, based on the differential price between the Indian and international manufacturer; and the second, a differential price calculation if the PLI beneficiary fails to have incremental production. Calculations of incentives are being worked out.

T h o s e a w a r e s a y f i n a n c i a l implications are estimated at around ₹32 crore in Year 1; which then increases to ₹88 crore in Year 2; the outlay is expected to jump 10-fold to

₹880 crore in Year 3; at ₹1,890 crore in Year 4 & then to ₹2,800 crore in Year 5.

It subsequently tapers down. In Year six, it is ₹2,160 core, in Year 7

₹1,620 crore, in Year 8 ₹1,000 crore, and finally down to ₹550 crore in the

last year (Year 9). A review will be carried out in the eighth year to see if the scheme is to be extended or not.

The first two years of the scheme have been pushed as an “incubation stage” , where manufacturing facilities are expected to come up.

Growth in container trafc

The containers handled at all ports of the country registered a growth of 13.04 per cent from 16.50 million TEUS (twenty equivalent units) in 2020-21, to 18 66 million TEUS in 2021-22 The total traffic handled in the domestic segment was 803,899 TEUS in 2021-22, as against 607,536 TEUS in 2020-21, an increase of 32.32 per cent.

During the same period, domestic containerised loading of Indian Railways also increased by 40.03 per cent to 17.35 mt in 2021-22, from 12.39 million tonnes in 2020-21.

CONCOR launches weekly retail freight express from ICD Dadri to Mundra

AHMEDABAD : In line with of providing transit assurance to customers, the container corporation of India( CONCOR), has added another feather in its cap by dispatching a train with 45x40 light weight containers from ICD DADRI( Near Delhi) TO Mundra via Kathuwas MMLP The dedicated freight rail services for retail customers was flagged off on August 25, 2021. Run once a week on Wednesday, the train carrying multicarrier Mearsk SCM containers will cover a distance from Dadri to Mundra in a assured transit time of 60 Hours This service has been run in collaboration with Maersk India Retail. All the Retail & Lifestyle customers can utilize this new Rail service The flagging off was graced by Mr Sanjay Swarup, Director, International Marketing and Operations , CONCOR & Mr Zeeshan Mukhi, Director from Mearsk India in presence of top officials from CONCOR & MEARSK India.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 28/08/2023

VESSELS IN PORT & DUE FOR

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI CMA MUNDRA CONTAINER

TO LOAD FOR U. K. NORTH CONTINENT, MEDITERRANEAN, BLACK SEA, RED SEA, EAST EUROPE & CIS PORT

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

OTHER PORTS OF GUJARAT

JAMNAGAR (BEDI) PORT

(As on 28-08-2023)

MULDWARKA PORT

(As on 28-08-2023)

NB The data in this Daily pertaining to Ports Information is received by us, sometimes even at the eleventh hour by telephonic messages from the concerned Steamer Agents. Therefore, there is every likelihood of last minute change in the data published the Management of Daily Shipping Times exercise every necessary care & attention in collecting every data & getting it published accurately Inspite of this, if any ommission, inaccuracy or printing error occur in the data published in this daily, the Management of Daily Shipping Times is not responsible or liable.

IMPORTER'S GUIDE

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSICT

NSIGT

Vessel Name (Voy) Sailing Dt. Next Port

BMCT

CGM Kribi (V-OMSGRW1) 25-08-2023 Pointe Noire

MSC Katerina (V-QS333R)

MSC Levina (V-JD333R)

Jebel Ali Wan Hai 361 (V-E003) 24-08-2023 MICT

Wan Hai 311 (V-E225)

Tuticorin Maersk Guatemala (V-333W) 25-08-2023 Salalah

Hyundai Oakland (V-0124E)

Hazira KMTC Dubai (V-2305E)

GMIS 2023 – D G Shipping & SCI Roadshow connects the global maritime industry

MUMBAI : Driving the maritime sector towards a cooperative and sustainable expansion, the Government of India’s Ministry of Ports, Shipping, and Waterways, Directorate General of Shipping and the Shipping Corporation ofIndia, orchestrated a roadshow in Mumbai on August 25, 2023, at Shipping House, Mumbai. Headed by Shri Shripad Yesso Naik, the Hon’ble Minister of State for Ports, Shipping, and Waterways, along with Shri Shyam Jagannathan, Director General of Shipping at the Ministry of Ports, Shipping, and Waterways, and Capt. Binesh Kumar Tyagi, Chairman and Managing Director of the Shipping Corporation of India, the event drew the participation of across the maritime industry pioneers and government dignitaries. 36 vessels across the globe, 10 countries and 2500 + participants were connected live virtually physically.

Anchored by the D G Shipping and Shipping Corporation of India, the roadshow served as a precursor to the highly anticipated 3rd Global Maritime India Summit, 2023 (GMIS) slated to occur between October 17th and October 19th, 2023, at Bharat Mandapam. The summit being organised in exclusive partnership with FICCI strives to foster connections, advance collaborative endeavors, and spark innovation, all encapsulated under the overarching theme of ‘Connect, Collaborate & Create’.

The eminent personalities Capt Kamal Chadha MD, Marex Media and Capt Anshul Raghvanshi MD Synergy Maritime expressed their thoughts from maritime community’s side during the Roadshow They were enthusiastic about the upcoming GMIS 2023 which would provide huge opportunities for the Indian Maritime industry.

During his keynote address (virtually), Shri Shripad Naik, Hon’ble Minister of State for Ports, Shipping and Waterways said, “As we embark on thejourney towards evolution of Indian Maritimeindustry, the Mumbai roadshow embodies a powerful symbol of our unwavering dedication to fostering connections, nurturing collaboration, and illuminating the pathways that will propel our sector to even greater heights.” He applauded the dedication and contribution of Indian seafarers in global shipping industry.

He further added, “Mumbai region is a fundamental pillar in the transformativejourney towards maritimeexcellence. The noteworthy contributions from theregion persist as a propulsivefactor, notably amplifying trade,connectivity, and

promoting economic augmentation.”

Shri Shyam Jagannathan, Director General of Shipping, Ministry of Ports, Shipping and Waterways, Government of India welcomed the diverse audience which was attending the Roadshow He congratulated everyone for successful Chandrayaan Mission and appealed to all take the same inspiration for the success of Global Maritime India Summit 2023. He informed that GMIS is a mega summit which will offer large amount of opportunities, comprehend challenges and simulate investments in Indian Maritime sector

The Summit will host various thematic sessions and exhibitions which will position India as a leading economy in maritime industry He urged the Indian maritime fraternity to come forward, lead and contribute from the front in the GMIS 2023. He invited all the stakeholders to join this journey of development.

Capt, Binesh Kumar Tyagi, Chairman and Managing Director, Shipping Corporation of India applauded the successful Chandrayaan Mission and congratulated for team ISRO, which was virtually connect with the Roadshow While acknowledging the national and international participation in the Roadshow, Capt B K Tyagi appealed the industry to actively participate in the mega event the GMIS 2023 which offers wide range of opportunities available in Indian Maritime Sector He also appealed the seafarers to participate in the special session for seafarers which will be held on 19 Oct 2023 at Pragati Maidan New- Delhi.

The D G Shipping and CMD SCI interacted with the Media after the Roadshow

Adani Group may buy 1k acres of RINL land for port expansion

AHMEDABAD : Despite stout denial, a prominent social activist and former IAS officer on Tuesday said the Adani Group is in talks with the management of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant, for buying its surplus lands for increasing stacking area of Gangavaram Port, which it had acquired recently from the DVS Raju-led consortium, its foreign partners and the Andhra Pradesh Government.

The claim has come amid protests by the employees of VSP over alleged denial of discharge of raw material by the Adani Group from Gangavaram Port for delayed payment of cargo handling charges due to working capital crunch. Interestingly, while criticising the attempt by the employees led by eft-affiliated unions to barge into the premises of the port sometime ago, the Adani Group had categorically stated that it had no interest in the privatisation of RINL. The Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance is overseeing the preparations for selling off RINL, its subsidiaries and joint ventures by way of 100 per cent privatisation.

Former IAS officer EAS Sarma said in a statement that VSP is being forced to raise financial resources in the face of a deliberate attempt by the Government of India to weaken it in all respects He alleged that it is in negotiation with the Adani Group to lease out 1000 acres for the latter’s

stockyard requirement at their recently acquired Gangavaram Port.

Gangavaram Port, which was built in the land belonging to RINL, originally conceived as its captive jetty as per its DPR, was alienated later during the TDP regime to facilitate construction of a minor port under PPP mode. After the YSRCP assumed office, the State Government’s stake in the port was also sold off to Adani Ports and Special Economic Zone (APSEZ) to enable 100 per cent stake acquisition by the Adani Group. The port is located on the backyard of VSP and it has been speculated for quite a time that the Adani Group is eyeing to get hold of surplus lands of RINL as part of its land monetisation efforts so as to meet its future requirement needs.

RINL, with a ca pacity of 7.3 million tonnes per annum after it increased its capacity from three million tonnes in two phases with a total investment of Rs 16,300 crore, has a land bank of 22,000 acres. It is a known fact that the management of RINL has been making several efforts to sell away its surplus lands to meet its working capital requirement.

The company is also in the process of finalising the proposals for strategic partners to either fund it or supply iron ore and other raw material required for the plant in exchange of finished products rolled out from VSP

Reports are being circulated that Adani Group, which is on expansion-spree, is keen on foraying into the steel sector and may take part in bidding for buying RINL, apparently to give legacy players like JSW and Tata Steel a run for their money.