MUM-28-10-22

A.P. Moller – Maersk’s new warehouse at Dadri, Uttar Pradesh, becomes company’s first warehouse to run entirely by women

MUMBAI: A.P. Moller – Maersk (Maersk) recently opened the doors

Dadri, Uttar

Strengthening its drive for improving gender diversity, Maersk has hired 84 women to run its newly inaugurated warehouse in North India.

Cont’d. from Pg. 3

Hand-picked from the nearby villages, Maersk has hired,trained,andcreatedjobsfor84womenwhoneeded employment,butdidnothavetherightopportunities.

“At Maersk, we are constantly strengthening our efforts in the area of Diversity, Equity and Inclusion (DEI). We also realise that in the larger DEI picture, gender diversity is a low-hanging fruit that can be addressed as long as there is a strong will to do so,” says Vikash Agarwal, Managing Director, Maersk South Asia. He added, “While expanding our warehouses across the country, we wanted to create opportunities for women in a traditionally male-dominated sector. As per the 2021 census, Dadri has only 6% working women of its totalpopulation,andourteamonthegroundhadastrong desiretocontributetowardsachangeinthatrespect.”

When the doors to the new warehouse in Dadri opened on 23rd September 2022, there were 84 women ready to run the facility by taking charge of every task –from security and housekeeping to operating forklifts, handling cargo, operating computers, working on Tally jobs and managing clerical work. But creating employment for all these women was not a task achieved overnight.

The journey began in January 2022 when the existing team at the Dadri CFS started having a dialogue with localcontractingagenciestobuildacaseforwomentobe trained and offered employment in the upcoming new warehouse.

Much deliberation later, the on-ground teams realised that the biggest challenge was convincing the families of the women to let them come and work in a warehouse. By March 2022, the teams started approaching the families of potential women candidates to counsel them about the benefits for the women who

would work at the Maersk warehouse. Once the families were convinced about the safety of the women, hygienic working conditions, and fair opportunities, the organisational design was drawn, and workforce requirementswerecharted.

While some women could take up unskilled and semiskilled jobs immediately, others had to undergo skilling that involved operating Material Handling Equipment (MHE) such as reach trucks and forklifts. During April and May, the institute and trainers were identified to undertake the training for these women in specialised tasks. After much preparation, these women startedreceivingtheirtrainingfromJulyonwards.

“Alotwentintofindingandskillingtherightwomento take on the right job at the warehouse we were building. There were many ups and downs, and several times, we felt that this was an ambition we were just not in a position to achieve. But our whole team in Dadri rose to the challenge, left no stone unturned and stayed committedtoourgoal,”says SudeepSivarajan,Maersk DepotManager,NorthIndia. Headded,“The84women have joined a total workforce of 350 employees at our Dadri CFS, and we are hugely motivated to improve the genderrepresentationatthefacilityfurther.”

NAVI MUMBAI: Jawaharlal Nehru Port Authority (JNPA), India's best-performing Port, carried out' Special Campaign

2.0'aspertheguidelinesoftheMinistryofPort,Shipping, and Waterways, intending to create awareness of the importance of cleanliness and its various aspects under the Swachh Bharat 2.0 campaign. Throughout the campaign, the message of the importance of cleanliness washighlighted.

The objective behind conducting the 'Special Campaign 2.0' is surfacing the Way for cleanliness, good governance, reducing compliance burden, and promoting Ease of Living. All the major ports and subordinate offices under the Ministry of Ports, Shipping, and Waterways are undertaking various efforts to remove pendency and improvecleanlinessintheirofficesandofficecompounds.

As a part of the campaign, JNPA carried out cleanliness at the port area and in the JNPA vicinity. Earlier, we carried out Swachhta Pakhwada to create awareness among the JNPA employees and stakeholders to keep the port area clean and green, thereby ensuring the overall objective of the country's cleanliness. E- vehicles were also commissioned to

promoteagreenandcleanenvironment.

The Port undertook multiple sanitizations and cleanliness drives at various locations, including JNPA Township, hospital, guest house, bulk office area, administration building, main jetty area, Landing Jetty, ICD office, the liquid cargo jetty, roadsides and in the near-byvicinity.

JNPA undertook various initiatives under ‘Special Campaign 2.0’ keeping cleanliness at the core'

A.P. Moller – Maersk’s new warehouse at Dadri, Uttar Pradesh, becomes company’s first warehouse to run entirely by women

DP World reports 2.5% like-for-like volume growth in Q3

Growth in 3Q2022 was primarily driven by a solid performance across our Asia Pacific, Americas and Australia Terminals

DUBAI: DP World Limited handled 59.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2022, with gross container volumes increasing by 2.0% year-on-year on a reported basis and up 2.5% on a like-for-like basis. On a 3Q2022 basis, DPWorldhandled20.1millionTEU,up1.5%year-on-year andup2.1%onalike-for-likebasis.

3Q2022 gross volume growth was mainly driven by Asia Pacific, Middle East & Africa, Americas, and Australia with a strong performance from Qingdao (China), ATI (Philippines), LCIT (Thailand), Jeddah (Saudi Arabia), Vancouver (Canada), Posorja (Ecuador), Santos (Brazil), and Australia. Jebel Ali (UAE) handled 3.5millionTEUin3Q2022,up2.0%year-on-year.

At a consolidated level, our terminals handled 34.6 million TEU, up 1.9% year-on-year and up 1.4% on a like-for-like-basis in 9M2022. On a 3Q2022 consolidated level, we handled 11.7 million TEU, increasing 2.7% on a reported basis and 1.5% year-on-year on a like-for-like basis.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World commented: “We report another

robust set of throughput figures with nine-month volume growth of 2.5%, which is once again ahead of industry growth of 1.1%. As expected, growth rates have decelerated due to the more challenging market conditions, but global trade continues to remain resilient, and our portfolio is expected to continue to outperform the market.

“Growthinthethirdquarterwasprimarilydrivenbya solid performance across our Asia Pacific, Americas and Australia terminals. Encouragingly, our flagship port of Jebel Ali (UAE) continues to deliver robust volumes with growthof2.0%year-on-year.

“Looking ahead, the near-term outlook remains uncertain given the geopolitical environment, inflationary pressures and currency fluctuations but we remain positive on the medium to long term outlook for global trade. Overall, given the solid nine-month volume performance, we expect to deliver an improved set of full yearresults.”

Höegh Autoliners : Yet another very strong quarter, says CEO

OSLO: CEO of Höegh Autoliners, Andreas Enger, says: “This was yet another very strong quarter for Höegh Autoliners, delivering good results and positioninguswellinthesector.Theperiodwasspikedby port congestions, trade route disruptions and cargo capacity shortages in the market, which our team handledprofessionally,withsolidperformance”

Highlightsofthequarter

Höegh Autoliners ASA ("Höegh Autoliners" or the "Company", ticker code: "HAUTO) reported solid financial results for the third quarter: Operating profit (EBITDA) of USD 114 million (up 15% Q-o-Q), net profit aftertaxofUSD92million(up73%Q-o-Q).

Volumes decreased 0.2 million CBM (down 4% Q-o-Q) while the net rate increased to a new high level of $62.5 per CBM (up 1% Q-o-Q). The slight decrease in volumes was mainly due to capped capacity following the sale of two non-core vessels, while net rate improvement was a result of a good cargo mix and continuous repricing in severalmarkets.

During the third quarter of 2022, the Company receivedaGoldMedalratingfromEcoVadis–theworld’s largest provider of business sustainability ratings. Höegh Autoliners simultaneously joined the First Movers Coalition, committed to running at least 5 % of our deep-sea operations on either green ammonia or greenmethanolby2030.

The sale of two non-core vessels Höegh Maputo and Höegh Singapore concluded during the third quarter, resulting in a profit-sharing gain of USD 21 million. The Company also took decisive action to limit the exposure to the expensive charterhire market by exercising the purchase option for Höegh Tracer at a pricewellbelowthecurrentmarketvalues.

“This was yet another very strong quarter for Höegh Autoliners, delivering good results and

positioninguswellinthesector.Theperiodwasspikedby port congestions, trade route disruptions and cargo capacity shortages in the market, which our team handledprofessionally,withsolidperformance”

“Höegh Autoliners proudly joined the First Movers Coalition (FMC) this quarter. FMC was initiated by World Economic Forum and the US Special Presidential Envoy for Climate John Kerry to accelerate demand for zero-carbon technology. Our commitments through the coalition are another important part of our sustainability strategy to become carbon-neutral by 2040. It underlines our strong ambitions to be a maritime frontrunner sailing for sustainability and changing the industry to become greener,” says Höegh Autoliners CEO Andreas Enger.

The Board of Directors has approved a cash dividend of USD 20 million (USD 0.105 per share) for the third quarterof2022,equaltoroughly30%ofthenetprofitafter taxadjustedforextraordinaryitemsfortheperiod.

Outlook

The general market fundamentals remain very positive with a tight tonnage situation and repricing of cargo in most trade lines. There is still volatility when it comes to delays, port congestions and supply chain disruptions but this is easing somewhat. The global situation with high inflation and fear for recession has so far not impacted the financial performance of our business but this is something we closely monitor. Most of the increase in bunker prices earlier this year is from Q3 covered by BAF and will not impact the results much going forward unless prices move drastically from current levels. The strong balance sheet in combination with current cash generation makes the Company very resilient for a temporary setback if an eventual recession should impact volumes negatively. The general market for our freight continues to be strong. Increasing freight rates in combination with lower bunker expenses are expected to give an increase in EBITDA in Q4 compared toQ3.

SultanAhmed Bin Sulayem

Southampton, Helsingborg, Gothenburg & Red Sea,

Mediterranean, Gioia Tauro (D).

ANL CMA CGM Ag. Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre, Dron-3 & Mul

Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos. SCI/Hapag CMT/ISS

Southampton, Rotterdam,Antwerp,Dunkirk, Felixstowe, Le Havre —/ULA CFS COSCO

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, Unifeeder 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

U.K., North Continent, Red Sea & Med. Ports. Team

U.K.,

Continent & Scandinavian Ports. Pun.Conware

SEA & MED. PORTS from

Cagliari, Jeddah, Tangier. Dron-3 & Mul

Hapag ISS Shpg. U.K., North Cont., Scandinavian, Red Sea, & Med.Ports. ULA CFS 12/1113/11

COSCO (I) U.K., North Cont., Scandinavian, Red Sea & Med.Ports. 18/1119/11

Sofia Express 2343W

Kyoto Express 2344W

Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. (IOS) Gold Star Star Ship Hamburg, Antwerp, Tilbury. (IOS) Oceangate CFS 02/1103/11 02/11 0900 MSC Elaine IU243A N1352 257288-18/10 MSC MSC Agency Haifa. (INDUS) Hind Terminals 03/11 04/11 03/11 0700 Hubert Schulte IX242A N1376 257450-20/10 MSC MSC Agency Barcelona, Valencia, Sines, Gioia Tauro (INDUS 2) Hind Terminals 08/1109/11 TBA 1500 MSC Singapore IX243A N1350 257285-18/10 15/1116/11 TBA 1500 MSC Marina IX244A 04/1105/11 03/11 1200 MSC Lauren IS244A N1353 257290-18/10 MSC MSC Agency U.K., North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 11/1112/11 10/11 1200 MSC Rayshmi IS245A SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 18/1119/11 TBA TBA MSC Gaia IS246A 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.

U.K.,

Continent

Scandinavian Ports. Pun.Conware

American

Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America 30/1031/10 29/10 2000 Maersk Denver 242W N1166 255331-15/09 Maersk Line Maersk India Charleston, Norfolk, New York (Direct) Maersk CFS 06/1107/11 05/11 2000 Maersk Hartford 243W N1331 256904-11/10 Safmarine Maersk India Charleston, Norfolk, New York, Savannah & Other Maersk CFS 13/1114/11 12/11 2000 Maersk Colombus 244W N1389 US East Coast Ports. Middle East Container Lines(MECL) (MECL) Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 31/1001/11 TBATBA CSLSophie 912E N1296 256835-10/10

Lines TS Lines (I) Vancouver Dronagiri-2 12/1114/11 TBATBA Wide Alpha 232E (CISC Service)

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

Shpg.

(India)

COSCO Shpg.

York, Norfolk, Charleston, Savannah

Other

Dron.-3 & Mul.

East Coast Ports. Dronagiri-2

CFS

India America Indial Indial Shpg. US East Coast & South America Express (INDAMEX) ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. JWR Logistics

Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast 02/1103/11 02/11 0900 MSC Elaine IU243A N1352 257288-18/10 MSC MSC Agency New York, Charleston, Huston, Freeport. Hind Terminals 09/1110/11 09/11 0900 MSC Qingdao IU244A N1400 Kotak Global Kotak Global US East, West & Gulf Coast (INDUS) 16/1117/11 TBA 0900 MSC Bridgeport IU245A 04/1105/11 03/11 1200 MSC Lauren IS244A N1353 257290-18/10 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, Hind Terminals 11/1112/11 10/11

MSC Rayshmi IS245A Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 18/1119/11

TBA MSC Gaia IS246A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel

East

West Coast. (Himalaya

Dronagiri

& Mul

Asia Gulf Ports.

Sudan & Al Sokhna

CWC, GDL & DRT

Ali, Bandar Abbas. Dronagiri

Transworld FDRS Transworld Group Jebel Ali, Bandar Abbas. (NMG) Emirates Emirates Shpg. Jebel Ali, Sohar. LMR Logistic Ser. Jebel Ali, Bandar Abbas. X-Press Feeders Sea Consortium Jebel Ali, Bandar Abbas. Dronagiri Hapag ISS Shpg. ULA CFS

023E

QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas. Speedy CFS Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam,Jubail, Hamad, Baharin, Shuaiba, Shuwaikh, Sohar, Umm Qasr Alligator Shpg. Aiyer Shpg. Jebel Ali. Unifeeder Unifeeder Ag. Umm Qasr, Sohar, Basra.

Dron.1 & Mul BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS Seahorse Ship Gulf Ports. LMT Orchid Gulf Ports.

Dronagiri-3 Bay

Freight Conn. Port Sudan & Al Sokhna CWC, GDL & DRT ICC

Neptune UAE & Upper Gulf Ports. GDL-5 Ceekay Parekh Gulf Ports. GDL-2 Team

Team Leader Dubai, Jebel Ali JWR CFS Team

Team Global Log. Gulf Ports. JWR Logistics

Colombo.

(AIM)

LOAD FOR INDIAN SUB CONTINENT from NSIGT

Colombo. (INDUSA)

Karachi. (INDUS)

FOR

Colombo. 30/1031/10

from

Sea Consortium Colombo. (TIP) Dronagiri 06/1107/11

Chiba 011E N1354 257295-18/10

Annapurna 017E

Seahorse Colombo.

22007E N1328 257112-14/10

ONE(I)/KMTC(I) Karachi, Colombo

—/Dron-3 11/1112/11

X-Press Feeders SeaConsortium (CWX) 17/1118/11

TBA TBA X-Press Kilimanjaro 22006E

TBA TBA Kota Megah 0140E

TS Lines/PIL TS Lines(I)/PIL Mumbai

Dronagiri-2/— 31/1001/11 31/10 0600 KMTC Dubai 2206E N1335 257109-14/10

Balmer Law. CFS Dron. 11/1112/11

Evergreen Evergreen Shpg. Colombo

KMTC/Gold Star KMTC(I)/Star Ship Dronagiri-3/— 15/1117/11

TBA TBA Zim Vietnam 03E

X-Press Feeders SeaConsortium (CIX3 Service) 02/1203/12

TBA Ever Uberty 179E

TBA X-Press Odyssey 22007E

EmiratesEmirates

Dronagiri-2 03/1104/11

TBA MOL Celebration 0088E N1334 257157-15/10 ONE Line ONE (India) Colombo. 17/1118/11

TBA One Contribution 051E

Yang Ming Yang Ming(I)

Contl.War.Corpn. 23/1124/11 TBATBA One Commitment 057E Hapag/CSC ISS Shpg/Seahorse (PS3 Service) ULA CFS/

In Port 28/10

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

Westport 082E N1280 256612-07/10 COSCO COSCO Shpg. Karachi, Colombo. (CI 1)

Port 29/10 Seaspan Felixstowe 7W N1316 256969-12/10 ZIM ZIM Integrated Colombo. (ZMI)

Oceangate CFS 30/1031/10 29/10 1700 MSC Vidhi IW243A N1348 256984-13/10 MSC MSC Agency Colombo (IAS SERVICE)

Hind Terminal 03/1104/11

TBA TBA Wan Hai 285 E020 N1343 257294-17/10 Wan Hai Wan Hai Lines Colombo. (CI2)

Dron-1 & Mul CFS 12/1113/11 TBATBA BLPL Blessing 2214E BLPL Transworld GLS Chittagon, Yangoon

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

28/10

Dalian 2209E N1326 257061-14/10

(India) Port Kelang(W), Hongkong, Qingdao, Kwangyang, Dronagiri-3 06/1108/11

TBA KMTC Colombo 2206E N1336 257111-14/10

Lines TS Lines (I) Pusan, Ningbo, Shekou, Singapore. Dronagiri-2 18/1120/11

Dronagiri

Dron.-3 & Mul.

Kelang, Singapore, Hong Kong, Shanghai, Ningbo.

Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.

Singapore, Hong Kong, Shanghai.

CMA CGM

Port Kelang, Singapore

Dron.-3 & Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 In Port 29/10 Clemens Schulte 016E N1299 256844-11/10

ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 30/1031/10

Seaspan Chiba 011E N1354 257295-18/10 X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang. (TIP Service) 06/1107/11

Conti

097E

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

RCL Ag. Port Kelang, Singapore, Laem Chabang.

Ag./PIL Port Kelang, Haophong, Nansha, Shekou.

CU Lines Seahorse Ship (RWA)

Emirates Shpg.

ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou

Feeders SeaConsortium (CWX) 17/1118/11

Kota Megah 0140E

KMTC KMTC (India)

Dronagiri-3 20/1121/11

Cimbria 158E

TS Lines TS Lines (I) Dronagiri-2 (CWX) RCL/PIL RCL Ag./PIL Mumbai

Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao.

Speedy CFS 31/1001/11 31/10 0600 KMTC Dubai 2206E N1335 257109-14/10 Evergreen Evergreen Shpg. Port Kelang, Singapore, Haipong, Qingdao, Shanghai, Balmer Law. CFS Dron. 11/1112/11

TBA TBA Zim Vietnam 03E

KMTC/Gold Star KMTC(I)/Star Ship Ningbo, Dai Chen Bay

Dronagiri-3/— 15/1117/11

TBA TBA Ever Uberty 179E X-Press Feeders Sea Consortium 02/1203/12

TBA TBA X-Press Odyssey 22007E Emirates Emirates Shpg (CIX3 Service)

Dronagiri-2 (CIX3 Service) Pendulum Exp. Aissa Maritime

Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 02/1103/11

TBA TBA Ital Unica E154 N1312 256893-11/10 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dron-1 & Mul.CFS 11/1112/11

TBA TBA Argolikos E145 Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 18/1119/11

TBA TBA Wan Hai 502 E107 Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 29/1130/11

TBA TBA Wan Hai 507 E207 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 03/1104/11

TBA TBA MOL Celebration 0088E N1334 257157-15/10 ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 17/1118/11

TBA TBA One Contribution 051E Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 23/1124/11

TBA One Commitment 057E Hyundai HMM Shpg. Seabird CFS (PS3 Service) Samudera Samudera Shpg. (PS3 Service)

Dronagiri Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai Ocean Gate 05/1106/11

TBA Sofia I 244E N1332 256902-11/10

Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk

Dron.-3

Sydney, Melbourne.

Ports. (CIX-3) Dronagiri-2

Austral Asia MCS (I) Port Lae, Port Moresbay, Madang, Kavieng, Rabaul, Honiara Dronagiri-3 (CIX-3) Team Lines Team Global Log. Australia & New Zealand Ports. JWR Logistics

Aka Bhum 010E

In Port 29/10 Clemens Schulte 016E N1299 256844-11/10

ONE Line ONE (India) Sydney, Melbourne, Fremantle, Adelaide, Brisbane, 30/1031/10

0600 Seaspan Chiba 011E

Mombasa, Victoria. Maersk CFS 05/1106/11

12/1113/11

Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS 08/1109/11 08/11 1300 CMA CGM Jamaica OMSCHW1 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis Dron.-3 & Mul. (MESAWA) 04/1105/11 TBA TBA AS Cypria 2243W N1344 257348-17/10 ONE Line ONE (India) Durban, Cape Town, Tema, Tincan, Apapa. 18/1119/11

2245W Hapag ISS Shpg. (AIM) ULA CFS

LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT

Port 29/10

257026-13/10

Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3 & Mul. 04/1105/11 03/11

(MIDAS)

AT MUMBAI FOR EXPORT LOADING

TO

TBATBA

TO

TO

PACIFIC, SOUTH-CENTRAL AMERICAN & WEST INDIES PORTS

29/10 31/10 Alliance St. Louis 143 1055457-10/10 Hoegh Autoliners Merchant Shpg. Kingston, Veracruz, Freeport, Jacksonville.

28/1130/11 Alliance Fairfax 103

18/11 22/11 Adam Asnyk 60

Chipolbrok Samsara Houston. 28/1102/12 CP Moon 94

TBA

TO

Eukor

Parekh

USA South America & Caribbean Ports.

EAST, WEST & SOUTH AFRICAN / AUSTRALIAN & NEW ZEALND PORTS

29/10 31/10 Alliance St. Louis 143 1055457-10/10 Hoegh Autoliners Merchant Shpg. Durban, Tema, Dakar

28/1130/11 Alliance Fairfax 103

02/1103/11 Hoegh Detroit 109

Hoegh Autoliners Merchant Shpg. Singapore, Masan, Gamagon, Kawasaki.

09/1112/11 Yangtze Venus 2206 257394-24/10 Mitsutor Peria.

09/1110/11 Alliance Norfolk 124

Hoegh Autoliners Merchant Shpg. Singapore, Kwangyang.

Chipolbrok Samsara Port Kelang, Singapore, Shanghai. 28/1102/12 CP Moon 94

18/1122/11 Adam Asnyk 60

TBA TBA

Chipolbrok Samsara Singapore, Batangas, Huang Pu, Shanghai.

Laem

India aims for 10% share in Global exports by 2047

Cont’d. from Pg. 3

A Customs ‘ONE’ will be set up to provide import-export clearance within one hour of arrival at entry points and customsportstofacilitatetrade.

These are among the Commerce and Industry Ministry’s several India’s hundredth year of independence year goals under the India@2047umbrella.

It includes setting up economic zones outside India as an extension of the AtmanirbharBharat initiative.

“Thegoalsfor2047havebeensetfor international trade and till 2027,

the commerce department will work towards laying a strong foundation to achieve these goals,” said an official.

The plan is to increase the share of exports in the gross domestic product to25%.

The focus sectors are pharmaceuticals, gems & jewellery, marine&agriculture,textiles&leather, engineering goods, electronics & telecomproducts,andchemicals.

Similarly, there is a blueprint for the servicesaswell.

“The plan is to become top three in global services trade in tourism, IT &

ITeS, business services, financial services, healthcare & wellness, education, and AV services,” the official added.

Theroadmapalsoincludesbranding India as a supplier of high-value and high-growth products, enhancing the participation of MSMEs in trade, and attaining a 10% share in niche products called“creativeeconomy”.

Brandingcampaignswouldfocuson promoting exports of pharmaceuticals, tea, coffee, engineering goods & services, and developing districts as exporthubs.

CBIC to implement paperless customs compliance for exports, hints Chairman

NEW DELHI: The Chairman of the Central Board of Indirect Taxes and Customs (CBIC) Mr. Vivek Johri hinted that the Board is working on a new system where web-based registration of goods exports would be allowed, to facilitate the integration of Customs systems with other regulatoryagencies.

The system for outbound shipments will be In line with the existing clearance process for imports and will ensure faster clearances for consignments, the CBIC Chairman VivekJohrisaidrecently.

“We still have a physical process for registration on the exports side… but we are working on a system where web-based registration of goods is possible which would mean that there’s

no need for any broker or exporter to travel to a port to submit their documents to customs for initiating processes,”Johrisaid.

IndianCustomsElectronicGateway (ICEGATE) is the national Customs portal of CBIC that provides e-filing services including electronic filing of the Bill of Entry (import goods declaration), Shipping Bills (export goods declaration), e-payment of Customs Duty, Common Signer utility for signing all the Customs Documents, to trade, cargo carriers and other trading partners electronically. At present, about 43,542 users are registered with ICEGATE who are serving over 12.5 lakh importers/exporters.

“You are familiar with the single

window on the import side. We are trying to introduce something similar on the export side. There are export consignments that require regulatory intervention from control agencies, say drug controllers, or other agencies. We are trying to integrate Customs ICEGATEwiththeseagencies.Thiswill further compress the time taken to release export consignments,” Johri saidatCIINationalExportsSummit.

Johri also said that the average release time, which is measured by the time of arrival of goods to the port and their actual departure, of export cargo, has been halved. The Trade Facilitation Action Plan, which ends in 2023, has set a target of an average release time of 24 hours and 12 hours for exports through seaportandairport,respectively.

Govt to develop 50 Districts as Export Hubs

NEW DELHI : With exports facing Global headwinds, the Union Budget is likely to announce a Rs. 2,500 crore schemetodevelop50districtsasExport Hubs.

The programme will help domestic producers in these districts to scale up manufacturing and find potential buyersoutsideIndia.

Under the proposed scheme, the Government will select 50 districts through a challenge, and they will receive Rs. 50 crore each. The districts will be assessed on parameters such as plans for exports, efforts to plug infrastructure and logistics gaps, and cluster approach toexports.

As it will be a centrally sponsored scheme, the Directorate General of Foreign Trade (DGFT) has proposed that the Centre pays 60% of the estimated cost, with the rest borne by therespectivestates.

This means that the Centre will likely allocate Rs. 1,500 crore for the programme.

“District as Exports Hub will likely

be a centrally sponsored scheme and may come up in the budget… if not before. These districts will be selected under the challenge route, and scores will be assigned based on parameters related to their preparedness…we will invite applications, and they will be evaluated,” said a senior government official.

The Centre will receive applications from the states, and evaluation and scoring will be done by a technical advisory agency. Only those districts having a robust plan will make it to the list.

“The idea is to support districts that have done robust planning to develop export competitiveness,” said the official.

Mr. Ajay Sahai, Director General and CEO of the Federation of Indian Export Organizations (FIEO), said that‘DistrictasanExportHub’willbea gamechangerforexports.

“Districts are the production centres, and focussing on them to addresssupply-sidechallengeswillgoa long way in boosting and felicitating

exports. It’s a more granular approach ofmovingfromstatestodistricts,which willreaphugedividends,”Sahaisaid.

The scheme was initially proposed as a Rs. 10,000 crore scheme, covering 200districts.

After the department of commerce preparesacabinetnoteforthe‘districts as export hubs’ plan, it will be taken for Cabinetapproval.

The DGFT initially proposed the scheme for 200 districts, but the department of expenditure recommended doing it in phases and mappingtheactualimpactfirst.

This comes as the Government is looking at ways to boost exports amid decliningglobaldemand.

Exports growth slowed to a 19-monthlowinSeptemberat4.8%.

The Department of Commerce has also been implementing the Trade Infrastructure for Export Scheme since FY17-18 with the objective of assisting central and state governmentagenciesinthecreationof appropriate infrastructure for the growthofexports.

ZIM INTEGRATED SHIPPING SERVICES

I.G.M. No. 2325173 Dtd. 23. 10.2022

The above vessel has arrived at NHAVA SHEVA (GTI) on 25/10/2022 with Import Cargo in containers.

Item Nos. B/L NOS. 141 ZIMUBUE9022060

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

ZIM INTEGRATED SHIPPING SERVICES

“SEAMAX WESTPORT” V-082 (ZIM VOY: YTE 7/E) I.G.M. No. 2325213 Dtd. 24. 10.2022

The above vessel has arrived at NHAVA SHEVA (BMCT) on 26/10/2022 with Import Cargo in containers.

Item Nos. B/L NOS. 53 ZIMUSNT8067546

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

SHIPPING SERVICES (INDIA) PVT. LTD.

Raheja

NOTICE TO CONSIGNEES

“AS SICILIA” V-910

Kalina, Santacruz (East),

Fax : 91-22-4252

ANGLESEY”

Nitin Gadkari invites Australian industry Leaders to invest in India’s Transport infra sector

NEW DELHI: Promoting IndoAustralian bilateral trade and investments Union Minister for Road Transport and Highways Shri Nitin Gadkari emphasized the great investment opportunities in India including the transport infrastructure sector.

Among various meetings in New South Wales, Sydney (Australia), Gadkari had a fruitful interaction with Australian Senator Ayres,

Assistant Minister for Trade and Manufacturing.

Gadkari and Ayres discussed the excellent investment opportunities for Australian Investors in the Roads and Transport sector in India. The Minister saidthetraderelationsbetweenthetwo nations are upbeat & win-win for both countries with technology & innovation beingthekeydriversforfuturegrowth.

Gadkari had a meeting with John Hopkins, CEO of Export Finance

Australia. Discussions pertained to the effects of the India-Australia Economic Cooperation and Trade Agreement (ECTA) on trade and bilateral investmentsbetweenthetwocountries. The Minister said India’s export of goods and services to Australia will increase in the coming years with the fostering of a strong India-Australia Partnership under the visionary leadership of Prime Minister NarendraModi.

Countries interested in Rupee settlement mechanism: RBI Deputy Governor

MUMBAI: The Reserve Bank of India is receiving encouraging responses from countries to participate in rupee-based trading, Deputy GovernorTRabiSankarhassaid.

RBI has been pushing rupee-based trade settlement since July this year by creating a comprehensive framework for it, as part of its endeavour in the process of ‘internationalisation’ of the rupee.

"Increased use of rupee in crossborder transactions requires a unified global market in rupee both in interest rates and currencies. Such unification

wouldnotonlyimprovedepthandliquidity of our markets, but they would also facilitateuniformpricingacrossborders," hesaidrecentlyattheannualdayeventof the Foreign Exchange Dealers AssociationofIndia(FEDAI)inMumbai.

Pertinent to note that invoicing export and import in rupees was long permitted, but it was being resorted to forlimitedusesalltheseyears.

The Deputy Governor drew a distinction between the status of ‘rupee as an international currency’ and the process of ‘internationalisation’ of the local currency. "Rupee as an

international currency, with all its attendant privileges that we saw USD enjoys, is a state that lies well into the future. It is not achievable by financial regulationalone,"headded.

"But we can make tangible progress towards internationalisation of the rupee. This is a process that involves increasing use of the rupee in crossborder transactions. Broadly, the process involves promoting rupee for import and export trade and then other current account transactions followed by its use in capital account transactions,"hesaid.

Rishi Sunak as UK PM: Political stability to give impetus to India-UK Free Trade Agreement talks – Experts

MUMBAI: Rishi Sunak becoming the U.K.’s Prime Minister is likely to give much-needed momentum to ongoing negotiations for the proposed free trade agreement between India andBritain,tradeexpertssay.

The countries have already missed the Diwali deadline for concluding the negotiations because of political developmentsintheU.K.

According to the experts, political stabilityintheU.K.nowwouldhelpfasttrack the negotiations for the pact, whichwouldgiveaboosttothebilateral

trade and investments between the countries.

Mr. Sunak, 42, won the race to lead the Conservative Party and has now becameBritain’sfirstPrimeMinisterof Indianorigin.

“It is a very positive news for India. The development will definitely help in giving much-needed momentum to the talks,” Federation of Indian Export Organisations (FIEO) Vice Chairman KhalidKhansaid.

However, Mr. Biswajit Dhar, Professor in the Jawaharlal Nehru

University, said the new U.K. Prime Minister would like to first focus on domestic issues and set the economy in order.

“Trade deals do not happen when there is a crisis. They happen when the economy is performing well,” Mr. Dhar said.

Another trade expert added that both sides should not be in a hurry to concludethetalks.

“Let the things stabilise in the UK, then both the countries should resume thenegotiations,”theexpertsaid.

Asia-Pacific to dominate global growth in 2023: S&P

NEW YORK: Asia-Pacific region, which produces 35 per cent of the world GDP, is expected to dominate global economic growth in 2023, supported by regionalfree-tradeagreements,efficient supply chains, and competitive costs, saidS&PGlobalMarketIntelligence.

"Southeast Asia and India will benefit from trade diversification away frommainlandChina,"itsaid.

Meanwhile, it also expects that the energy- and mineral-producing regions of the Middle East and Africa too will achieve moderate growth. About the US, it said the ongoing tightening

financial conditions due to monetary policy tightening will tip the US economyintoa"mildrecession"starting in the fourth quarter of 2022 and extending through the second quarter of 2023. This month, it revised down US real GDP growth in 2023 from 0.9 to (-) 0.5percent.

GlobalrealGDPgrowthisprojected toslowfrom5.9percentin2021to2.8per cent this year and 1.4 per cent in 2023, thus averting an "outright recession", it said. Recessions now appear likely in Europe and North America--economies that produce half of the global output–

inlate2022andearly2023.

"Global economic conditions continue to deteriorate as inflation remains uncomfortably high and financialmarketconditionstighten.The months ahead will likely bring recessionsinEurope,theUnitedStates, Canada, and parts of Latin America. With moderate growth in Asia Pacific, the Middle East, and Africa, the world economy can avoid a downturn, but growth will be minimal," said Sara Johnson, Executive Director, Economic Research, at S&P Global MarketIntelligence.

m.v. “MSC MARIA ELENA” V- IV242B I.G.M. No. 2325387 Dtd. 26-10-2022 Exch. Rate 84.8

The above vessel has arrived on 28-10-2022 at NHAVA SHEVA (NSIGT) with import cargo to NHAVA SHEVA from ABU DHABI, ANTWERP, BAHRAIN,SANTOS, ARICA, CORONEL, VALPARAISO, CARTAGENA, HAMBURG, COPENHAGEN, GUAYAQUIL, BARCELONA, HELSINKI, KOTKA, RAUMA, LE HAVRE, GRANGEMOUTH, GREENOCK, LONDON GATEWAY PORT, LIVERPOOL, PIRAEUS, DUBLIN, CORK, SHUWAIKH, KLAIPEDA, MAJUNGA,NACALA, ROTTERDAM, LARVIK, SALALAH, CALLAO, GDYNIA, HAMAD, AD DAMMAM, JUBAIL, GOTEBORG, GAVLE, NORRKOPING, PARAMARIBO, ISTANBUL, YARIMCA.

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

NHAVA SHEVA

MEDUDM447352

MEDUIW253377

MEDUIW253468

MEDUIW253989

MEDUIW254011

MEDUIW254268

MEDUIW259028

MEDUIW259069

MEDUIW259077

MEDUIW259085

MEDUIW259093

MEDUIW259101

MEDUIW269647

MEDUIW285452

MEDUIW293910

MEDUIW294066

MEDUIW294173

MEDUIW294231

MEDUIW308742

MEDUIW308775

MEDUIW308783

MEDUIW308833

MEDUIW308866

MEDUIW308882

MEDUIW308890

MEDUIW308908

MEDUIW308916

MEDUIW188599

MEDUIW188318

MEDUIW267260

MEDUIW213132

MEDUIW213157

MEDUIW213223

MEDUIW188664

MEDUIW188722

108 MEDUIW213140

109 MEDUIW188813

110 NECGYE220816350

111 MEDUDO318692

112 MEDUDO319450

113 MEDUDO319468

114 MEDUAK038167

115 FIHEL0000008679

116 HELA39409

117 HELA39436

118 HELA39407

119 HELA38976

HELA39378

121 MEDUI6570267

122 BAFCO22090104

10629461

10628901

125 MEDUDM447246

MEDUDM449838

MEDUDM449614

MEDUDM447402

MEDUDM449358

MEDUDM448640

MEDUDM449812

MEDUTX139487

MEDUTX044091

MEDUTX018947

MEDUTX645905

MEDUTX079782

MEDUTX078842

MEDUTX078834

149 MEDULX420028

MEDULX393688

MEDULX497828

MEDUIW305193

EXP021103A

EXP021139A

BQEGGBT018225

MEDUIW273888

MEDUIW204867

MEDUIW204925

159 MEDUIW299370

160 MEDUIW299362

161 MEDUIW249110

MEDUIW223727

MEDUIW223735

MEDUIW295360

165 MEDUIW305425

MEDUIW310482

MEDUIW271148

MEDUIW247072

169 MEDUIW293498

MEDUIW202994

MEDUIW320531

172 MEDUIW247080

MEDUIW324764

174 MEDUIW216390

MEDUIW268177

MEDUIW222612

MEDUIW182469

MEDUIW249102

MEDUIW249086

MEDUM1042933

MEDUAC019265

MEDUTF822364

MEDUSR019531

MEDUPI850231

MEDUPI852997

MEDUPI852948

MEDUPI851668

HEL00215974

HEL00216719

190 MEDUTX048381

191 MEDUTX048290

192 MEDUTX048308

193 MEDUTX019796

194 MEDUD7169227

195 MEDUD7300954

196 MEDUOM195378

197 MEDUOM194686

198 MEDUOM194918

199 MEDUOM194827

200 MEDUOM195121

201 MEDUOM194926

202 MEDUOM195170 203 MEDUOM195188 204 MEDUOM195725 205 MEDUOM195220 206 MEDUOM195279 207 MEDUOM195709 208 MEDUTO541006 209 MEDUTO543499

210 MEDUTO543341 211 MEDUKW246814

212 MEDUKW246764

213 MEDUKW246012 214 MEDUKW246574

215 MEDUKW247135 216 MEDUKW247069

MEDUKW246350

MEDUKW247184

MEDUD2878517

MEDUD2906847

MEDUI6911040

MEDUI6570762

MEDUAD344175

MEDUAD343938

MEDUAD345123

MEDUAD343870

MEDUAD343813

MEDUAD344548

MEDUAD344464

MEDUAD344001

59 MEDUAD343532

60 MEDUAD343516

61 MEDUAD342864

62 MEDUAD344118

63 MEDUAD344779

64 MEDUAD344696

65 MEDUAD343540

66 MEDUAD344100

67 MEDUAD342773

68 MEDUAD344852

69 MEDUAD343037

70 MEDUAD344845

71 MEDUAV288207

MEDUAV268993 73 MEDUAV268829

MEDUAV265536

75 MEDUTF805716

76 MEDUBV223368

77 MEDUBH227622

78 MEDUV8020327

79 MEDUV8020228

80 MEDUL6799950

81 MEDUC1149813

82 BRY0238153

83 MEDUIW225813

84 MEDUD2902267

85 MEDUD2662127 86 DUB0076594

87 MEDUTF792732

88 MEDUTF792724

89 MEDUTF817448

MEDUTF793219

MEDUTF793045

MEDUTX609554

MEDUTX537615

MEDUTX580581

MEDUTX620049

MEDUTX609570

MEDUTX532954

1048194913

MEDUIW188300

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery. Separate IGM will be lodged with Mulund, Mumbai customs for CFS Mulund & MbPT delivery respectively

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. 8169256872 You can also visit our website: www.msc.com/ind/help-centre/tools/import-general-manifest-information

Sea-Intelligence highlights main freight rate inflation drivers

DENMARK: Shipping data analysis firm Sea-Intelligence reported that it is clear the underlying costs for operating liner services have increased significantly, compared to the past two years.

The size of that increase is important in assessing what the baseline rate level might settle at once we get through the present rate renormalisation, according to the Danishanalysts.

As a small number of container carriers provide detailed data about their costs, Sea-Intelligence has considered German shipping company Hapag-Lloyd, which publishes this type of data with the most granularity, on a systematicbasis,andwithseveralyears of history, as a representative of the market.

The Hamburg-based container line hasthefollowingmajorcostcategories:

• Transportexpenses,

• Personnelexpenses, • Depreciation, amortisation, & impairments.

Transport expenses are subdivided into bunker, handling & haulage, equipment & repositioning, vessels & voyages (excl. bunker), and expenses for pending voyages (an exceedingly small element and will not be analysed here).

The following figure shows a comparative overview of the increases in each of these cost elements. The unit cost is calculated across transported volumes in that quarter and the blue barsarethethreemaincostcategories, while the green bars are the subcomponentsoftransportexpenses.

Bunker costs are here seen to have experienced the largest relative cost increasecomparedto2019,accordingto the Danish analysts, who noted, “When we account for the relative share,thecostincreaseinhandlingand haulage is accountable for 37% of the unit cost increase, followed by bunker fuel which is accountable for 30% of the costincrease.”

Alan Murphy, CEO of SeaIntelligence pointed out, “This means

that two-thirds of the inflationary pressure is related to fuel, handling and haulage. This is also a key pointer as to where the carriers are likely to focus in the months ahead, as the ongoing market downturn will force carriers to focusoncostreductions.”

Saudi Arabia launches bid to attract $10 bn in Supply Chain

RIYADH: Saudi Arabia’s crown Prince Mohammed bin Salman launched an initiative to attract investments in supply chains to and fromthekingdom,withanaimofraising an initial 40 billion riyals ($10.64 billion). The initiative by Prince Mohammed bin Salman will include allocating about 10 billion riyals in incentives for supply chain investors, state news agency SPA reported,withoutelaborating.

The latest supply chain initiative includes establishing a number of special economic zones, said a

statement on SPA that also referred to ongoing “legislative and procedural” reforms.

“The Global Supply Chain Resilience Initiative will leverage the Kingdom’s resources, infrastructure and location to bring greater resilience to economies and companies across Europe, the Americas and Asia, while further enhancing Saudi Arabia’s position in the global economy,” thestatementadded.

“Saudi Arabia also offers access to oil, gas, electricity, renewable energy

and human resources at competitive costs,” it said, noting blue and green hydrogen production projects by the kingdom,theworld’stopoilexporter.

Prince Mohammed’s Vision 2030 plan aims to modernise Saudi Arabia andweanitseconomyoffoilrevenues.

TheGulfstatelastyearannouncedit would invest over 500 billion riyals in infrastructure, including airports and sea ports, by the end of the decade in a bid to become a transport and logistics hub under an economic diversification plan.

India’s exports to China growing faster than inbound shipments

NEW DELHI: India’s trade equation with China has been improving in recent years with outbound shipments rising fasterthanimports,whosegrowthisbeing drivenlargelybyvitalrawmaterialsandto meet demand from high-growth sectors such as telecom and power, a Senior Governmentofficialsaid.

China is one of India’s large trading partners,withtradeflowsbetweenthetwo countries having grown 59% from about $72 billion in 2014-15, to hit $115.4 billion in 2021-22.

“Since India-China trade started picking up, the growth in exports to China has been much higher than the import growth,” a Commerce Ministry official said.

From $11.9 billion in 2014-15, India’s

exports to China had risen 78.1% to $21.25billionlastyear,whileimportsstood at$94.16billion,55.8%overthe$60.4billion recorded in 2014-15. By contrast, imports from China had increased 192% between 2006-07 and 2013-14, when they had crossed$51billion,hepointedout.

Intermediate goods account for more than a third of India’s imports from China, while capital goods constitute another 19.3%, with telecom and power sector equipment being the key drivers, which helped meet domestic demand in these fast-expandingsectors,theofficialsaid.

The major items of import from China are electronic components, computer hardware and peripherals, telecom instruments, organic chemicals, industrial machinery for dairy, residual

chemicals and allied products, electronic instruments, bulk drugs and intermediates.

“India’s dependence on such Chinese goods can be attributed largely to the gap between the domestic production and demand, and China being a manufacturing hub and having price competitivenessduetoeconomiesofscale and subsidies provided by its government toChineseindustry,”theofficialnoted.

The production-linked incentive schemes for different sectors will help reduce the dependence on such imports over time, even as technical regulations framed for products such as toys, electronics, chemicals and fertilizers will check sub-standard imports, he emphasised.

International Chamber of Shipping suggests Global CO2 reduction plan

LONDON: The International Chamber of Shipping (ICS) proposes a global CO2 reduction fund to reward companiesthatuselow-emissionfuels.

On 25 October, ICS announced proposals to accelerate the shipping sector’s transition to zero carbon by financially rewarding ships and energy producersthatinvestinlow/zeroemission fuels.

In a paper to the International Maritime Organization (IMO), ICS proposes a ‘fund and reward’ system to catalyse the adoption of alternative fuels, which currently cost at least two or three timesmorethanconventionalmarinefuel.

The reward rate would be calculated based on CO2 emissions prevented and funded via a mandatory flat rate contribution from ships per tonne of CO2

emitted. For example, a ship powered by ammonia, among many other alternative fuels including methanol, hydrogen, sustainable biofuels and synthetic fuels, could receive a cost saving of more than US$1,5 millionannually.

ICS said that the ‘fund and reward’ system could be established by 2024, if governments can agree on the regulatoryframeworkattheIMO.

Gold Star Line Ltd.

V-082 (ZIM VOY YTE 7/E) I.G.M. No. 2325213 Dtd. 24. 10.2022

The above vessel has arrived at NHAVA SHEVA (BMCT) on 26/10/2022 with Import Cargo in containers.

NOS.

GOSUSNH1704618

GOSUSNH20246538

GOSUSNH20752120

Item Nos. B/L NOS.

42 GOSUSNH8414346

GOSUSNH8414347

GOSUSNH8414349

SZYC22093102

BKK0280622

GOSUSNH1606837

GOSUSNH20752184

GOSUSNH20752268

GOSUSNH20752350

GOSUSNH5480736

GOSUSNH8318766

GOSUSNH8318767

GOSUSNH8351583

GOSUSNH8414340

45 GOSUSNH8414350

46 GOSUSNH8414355

47 GOSUSNH8421025

GOSUSNH1558455

YFZ03371B

GOSUSNH1606893

GOSUSNH20752383

GOSUSNH1606846

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. LTD.

As Agents :

STAR SHIPPING SERVICES (INDIA) PVT. LTD.

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

GOSUSNH20774019

GOSUSNH20774042

GOSUSNH20774043

GOSUSNH5480709

GOSUSNH5480718

GOSUSNH8277388

GOSUSNH8400745

GOSUSNH8400747

GOSUSNH8414209

GOSUSNH8414337

GOSUSNH8414359

GOSUSNH8414366

GOSUSNH8414375

GOSUSNH8414389

GOSUSNH8414398

GOSUSNH8414522

GOSUSNH8421005

GOSUWZU997029

GOSUSNH8351579

GOSUSNH20774062

GOSUSNH1522447

GOSUSNH1522448

GOSUSNH20774063

GOSUSNH8421028

GOSUSNH8277392

GOSUNGB9964820

GOSUNGB9964821

GOSUNGB9964833

The above vessel

NHAVA SHEVA (BMCT) with import cargo to NHAVA SHEVA from DALIAN, NINGBO, NANSHA, SHANGHAI, QINGDAO, TIANJINXINGANG, JAKARTA, JAVA, SEMARANG, OSAKA, TOKYO, KOBE, YOKOHAMA, BUSAN, YANGON, PENANG, SINGAPORE, LAEM CHABANG.

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

Item No. B/L No.

MEDUJF423985

10 SZYC22082956

100 MEDUJF518206

101 MEDUJF525821

102 MEDUJF446267

103 MEDUJF497856

104 MEDUJF435146

105 MEDUJF435138

106 MEDUJF434727

107 MEDUJF433984

108 MEDUJF395761

109 MEDUJF489812

11 MEDUDI252229

110 MEDUI0568648

111 MEDUI0569075

112 WUH7015472

113 CNSHA0001202281

114 CNSHA0001208493

115 CNSHA0001207545

116 CNSHA0001207311

117 CNSHA0001200797

118 CNSHA0001202285

1196395747598

12 MEDUDI252641

120 CNSHA0001210159

121 MEDUO1828468

122 MEDUO1842477

123 MEDUO1739079

124 MEDUO1865007

125 MEDUO1779547

126 MEDUO1839507

127 MEDUO1840604

128 MEDUO1815713

129 MEDUO1739905

13 MEDUDI248136

130 MEDUO1834946

131 MEDUO1794397

132 MEDUO1771619

133 MEDUO1607953

134 MEDUO1781121

135 MEDUO1762642

Item No. B/L No.

136 MEDUO1663063

137 MEDUO1576935

138 MEDUO1798208

139 MEDUSI830283

14 MEDUDI249241

140 MEDUSI846495

141 MEDUSI835225

142 MEDUUV324493

143 MEDUUV327413

144 MEDUUV322372

145 MEDUUV328171

146 MEDUUV326787

147 MEDUUV315079

148 MEDUUV312290

149 MEDUUV311276

15 MEDUDI248474

150 MEDUUV308736

MEDUUV309601

152 MEDUUV338816

153 MEDUJN938793

154 MINNHS220282

155 YGNNSA202210001

156 MEDUYG103722

157 MEDUYG103714

158 MEDUYG103698

159 MEDUYG103680

16 MEDUDI251155

160 MEDUYG103706

MEDUJN939668

MEDUDI249142

MEDUDI257855

MEDUJF450178

MEDUJF428471

MEDUDI261329

MEDUDI261279

MEDUDI261170

MEDUDI257178

MEDUJN923266

Item No. B/L No.

MEDUJN924595

MEDUJN923993

MEDUJN924272

NTIS41434

MEDUJN923464

MEDUJN923423

MEDUJN924520

BKK1108630

STL22042779

STL22042782

STL22042783

MEDUO3002690

MEDUID800351

MEDUID949059

MEDUK1604868

MNEX220902201

TTAO6062940

RHTSN2022335

BSG22090270A

JADESE220913097

YJNSA2213140

HTHC22093170

CTLT09203066214

MEDUK1617548

BSG22090353A

MEDUJF451606

MEDUJF445707

MEDUJF428455

MEDUJF440732

MEDUJF389608

MEDUJF453321

MEDUJF392891

MEDUJF445616

MEDUJF459013

DLS000004907

MEDUJF451002

MEDUJF428133

MEDUJF426996

Item No. B/L No.

63 MEDUJF410016

64 MEDUJF431376

65 MEDUJF445509

66 MEDUJF446028

67 MEDUJF463882

68 MEDUJF459534

69 MEDUJF458387

7 LSDL22NSA7285

70 MEDUJF458288

71 MEDUJF464088

72 MEDUJF457462

73 MEDUJF447323

74 MEDUJF477817

75 MEDUJF469756

76 MEDUJF489432

77 MEDUJF489416

78 MEDUJF488772

79 MEDUJF487519

8 615674950

80 MEDUJF486933

81 MEDUJF484912

82 MEDUJF483666

83 MEDUJF483583

84 MEDUJF465978

85 MEDUJF483500

86 MEDUJF481165

87 MEDUJF463478

88 MEDUJF478690

89 MEDUJF458916

9 CN100927579

90 MEDUJF445202

91 MEDUJF447315

92 MEDUJF477759

93 MEDUJF476447

94 MEDUJF481504

95 MEDUJF444312

96 MEDUJF500683

MEDUJF501095

98 MEDUJF503638

99 MEDUJF511243

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery. Separate IGM will be lodged with Mulund, Mumbai customs for CFS Mulund & MbPT delivery respectively

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

are also requested to note

arrival of the vessel or the cargo.

IN363-imports.mumbai@msc.com

SHEVA

Gold Star Line

27.

Consignees

If

(INDIA)

NOTICE TO

INTEGRATED SHIPPING SERVICES

I.G.M. No. 2325448 Dtd. 27. 10.2022

28/10/2022

6600102121

2028362INNSA

SWAWES00139768

5551

3882203621388130

1048345388

0622313050

17100032209054

Import Cargo in containers.

118 DEHAM511022090507

DE2275304

CTLT09600045538

PLITU4D00444

ZIMUMER22969954

ZIMUMER22969955

ZIMUMER22970482

ZIMUMER22971141

ZIMUMER22971365

ZIMUMER22971485

ZIMUMER22971521

ZIMUMER22971580

ZIMUMER22971669

ZIMUMER22971760

ZIMURAV01004312

ZIMURAV01004501

ZIMURAV451028

ZIMURAV451029

ZIMURTM81023877

1855890284

of

LEHA35508

ZIMUFLX09071899

ZIMUMER22971270

KPS2209200080

BILLS OF LADING

not responsible for the same.

contact

OJ-I

OJ-II

OJ-III

OJ-IV

OJ-V

OJ-VI

Kanazawa

Quay Star

29/10

B S Shpg. 29/10

One V-Ocean 29/10

Maersk Adriatic

Stream MV Amira

Interocean

25,000 T. Sugar

2022091221

Stream MV Appaloosa Interocean 29,090 T. Sugar Bags 2022091338

CJ-XIII MV Chandrakant Chowgule Bros. West Africa 50,000 T. Rice In Bags 2322736

CJ-XV MV CL Yingna He Interocean 34,000 T. Sugar 202201286

Stream MV Great Pioneer Chowgule Bros. 61,475 T Salt 2022101302

Stream MV Kerem Ambica Log. 19,000/10,000 T Ball Caly/Kaolin 2022101295

CJ-XVI MV Luzon Seacoast 52,500 T. Rice In Bags

Stream MV Massa J DBC Port Sudan 28,800 T. Sugar (50 Kgs.) 2022101029 2323357

Stream MV Meghna Liberty Chowgule Bros. 41,000 T Sugar 2022101291

Stream MV New Direction Cross Trade 52,930 T Salt 2022101298

CJ-II MV NYMPH KSAS 9,000 T. Granite Blocks 2022101165

02/11 MT Oriental Cosmos Allied Shpg. Rotterdam 3,000 T. C. Oil 2022101156

Stream MT Oriental Sakura Allied Shpg. Italy 15,000 T. C. Soda 2022101177

30/10 MV Pac Alcamar Tristar Shpg. 23/2,000/2,700 T.Wind Mill/I.Beams/S.Pipes 2022101064 30/10 MV Polaris Z Scorpio Shpg. Bangladesh 17,500 T.Rice/Sugar/Wheat Flour

Stream MV Propel Glory ACT Infra U. A. E. 12,600/11,400/33,000 T.Feldspar/Kaolin/Ka 28/10 MV Propel Progress ACT Infra Tuticorin 15,000 T. Slab Stream MV Sea Hero Chowgule Bros. 27,000 T. Salt 2022101068

CJ-I MV Venus J DBC Port Sudan 29,700 T. Sugar Bags 2022091150 2321750

VESSELS IN PORT & DUE FOR IMPORT

1,50,068

10,838

Shpg. 29/10

2022101080

T. Logs 2022101243

153/5,170 T. Equip/Steel Cargo

CJ-V MV Sassy Sofia Rishi Shpg. 30,973 Jas Pine Logs Tuna MV Seafighter Merchant Shpg. 1,25,000 T Coal In Bulk Stream MV Vindonissa(OTB) Tauras 56,270 T. DAP Stream MV Young Spirit Ambica Log. Indonesia 60,850 T. INDO Coal 2022101219

Stream

Bastogne

5,991 T. Chem. 2022101060 1483 2323599

20,000 T. Propane & Butane

OJ-I LPG Berlian Ekuator Nationwide 20,000 T. Propane & Butane

OJ-IV

Chemroute Pegasus

M Baxi Houston 23,000 T. Chem. 2022101118 1571 2324507

Corona B S Shpg. 5,000/12,000/8,000 T.CPO/RBD/PFAD

7,981 T. Chem.

19,036 T Methanol 2022101283

20,178 T. Propane/ Butane 2022091414

17,000 T. Naptha 2022101230

OJ-II

Samudra Sohar

8,680 T. Chem. 2022091298

30/10 MV SCI Mumbai J M Baxi Jebel Ali I/E 1,500 TEUs.

B-12 MV An Hai Confidence GAC Shpg. WEST BASSIN

WB-01 VACANT WB-02 MV Cape Taweelah Taurus WB-03 MV Victirious Taurus WB-04 VACANT

VESSEL'S

IOCL VACANT HMEL MT Nordic Apollo Interocean STS VACANT LNG VACANT

MV Pietersgracht Singapore 21-10-2022

MV Amber Lagoon Antwerp 28-10-2022

3,090

9,272

32,962

49,300 MT

1,54,985

223340

223317

Potash 223335

223371

Steam Coal 223314

Feesder SC-SPL

Qasim, Salalah. (MAWINGU)

Sohar, Jebel Ali

Other Gulf Ports. (IRS)

Shpg Jebel Ali, Sohar (NMG)

29/10-PM Majd 2222E 2103360 Milaha Poseidon Shpg Jebel Ali, Doha. (NDX) 31/10 QN Line/Seaglider Seatrade/Seaglider

31/10-AM Stephanie C 2211 2103219 Oman Container Seabridge Marine Sohar, Jebel Ali, Dammam. (IEX) 01/11

30/10-PM Maersk Guatemala 243W 2103150 Maersk Line Maersk India Salalah.

27-10-2022

27-10-2022

(EPIC-II) 04/11

TO LOAD FOR WEST ASIA GULF PORTS

Istanbul,Jeddah, Durban, Moputo, Dar-Es-Salaam, Mombasa(INDME) 29/10

Colombo. (CWX) 02/11

Colombo (MIAX) 03/11

Colombo.(CISC) 03/11 Feedertech / TSLFeedertech / TSL 05/11 05/11-AM KMTC Dubai 2206E 223303 Interasia/GSL Aissa M./Star Shpg Colombo (FIVE) 06/11 Evergreen/KMTCEvergreen/KMTC 09/11 09/11-AM KMTC Colombo 2206E 223306 KMTC/COSCO KMTC / COSCO Shpg. Colombo (AIS) 10/11 TS Lines Samsara Shpg

01/11-PM

06/11-AM

West

Kelang, Singapore, Leam Chabang, Busan, Sanshan, 01/11 Ningbo, Sekou, Cai Mep. (PS3)

Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 06/10

Ningbo, Tanjung Pelepas. (FM3) 14/11

Hong Kong, Xingang, Dalian, Qingdao, 09/11

Pusan), San Pedro, Kwangyang, Chiwan. (CIXA)

TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS

Salalah, Jebel Ali, Port Qasim. 28/10 04/11 04/11-AM

(MECL) 04/11 30/10 30/10-AM

Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 30/10 03/11 03/11-AM

Jebel Ali, Sohar (NMG) 03/11

Baxi Jebel Ali. (SMILE)

Mangalore, Kandla, Cochin.(WCC)

TO LOAD FOR INDIAN SUB CONTINENT PORTS

29/10 29/10-AM Seamax Westport 082E

COSCO Shpg. Karachi, Colombo (CI1) 29/10 30/10 30/10-AM Irenes Bay

Maersk India Colombo, Bin Qasim, Karachi (JADE) 30/10 31/10 31/10-AM Conti Annapurna 017WE 22340 X-Press Feeders Merchant Shpg. Karachi, Muhammad Bin Qasim. 31/10

ONE ONE (India) (TIP)

06/11 06/11-AM Sofia I 244E 22342 SCI J. M Baxi Colombo. (FM3) 06/11 09/11 09/11-AM Seamax Stratford 118E 22349 OOCL/APL OOCL(I)/DBC Sons Colombo. (CIXA) 09/11

TO LOAD FOR US & CANADA WEST COAST

28/10 28/10-AM Maersk Denver 242W 22330 Maersk Line Maersk Line India Newark, North Charleston, Savannah, Huston, Norfolk. 28/10 04/11 04/11-AM Maersk Hartford 243W 22346 Safmarine Maersk Line India (MECL) 04/11 31/10 31/10-AM Conti Annapurna 017WE 22340 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 31/10 ONE ONE (India) Norforlk, Charleston, Halifax. (TIP) 05/11 05/11-AM MOL Celebration 088E 22341 ONE ONE (India) Los Angeles, Oakland. (PS3) 05/01

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

ETA/Berth

Load For

28/10

Ganga

Visakhapatnam

Hapag/CMA

Shpg./CMA CGM Ag.(I) 05/11

Shreyas Transworld Group Europe, US East Coast, Med, East Africa, West Africa, East & West Coast 29/10 04/11

(I)/COSCO Shpg. (WCC) 29/10 MSC Pina

MSC

MSC Agency Mundra, King Abdullah, Gioia Tauro, Tangier, Southampton, Rotterdam, 30/10

COSCO Shpg. Antwerp, Felixstowe, Dunkirk, Le Havre, King Abdullah, Djibouti, 06/11

CMA CGM Ag. (I) Karachi-Port Muhammad Bin Qasim. (IPAK) 29/10 Zoi

KMTC Dubai

Zim

Zim Integrated/KMTC India Qingdao, Shanghai, Ningbo, Da Chan Bay, Port Klang, Nhava Sheva, 29/10

Evergreen Shpg. AICTPL, Colombo, Port Klang, Singapore, Haiphong, Qingdao. 08/11

(NIX / FIVE / CIX3) 16/11

NSICT, Jebel Ali, Salalah, Djibouti, King Abdullah, Port Jeddah, Salalah 02/11 (Blue

Ali, Khor Fakkan, AMCTPL,

The CMA CGM Group and Yokohama Kawasaki International Port Corporation sign Reservation Agreement for Honmokufuto D5 Terminal in Port of Yokohama

• Primes the relocaon of CMA CGM’s current container terminal operaons at D4 to D5 by October 2026.

• D5 terminal will accommodate shipments arriving on larger vessels of up to 15,000-TEU, provide 20% more container yard capacity and 120% more container reefer plugs.

• A greener terminal backed by an infrastructure of near-zero emission rubber tyred gantry cranes, cold ironing and LNG bunkering facilies.

YOKOHAMA: The CMA CGM Group, a global player in sea, land and air logistics solutions, and the Yokohama Kawasaki International Port Corporation (YKIP) have signed a Reservation Agreement for the HonmokufutoD5containerterminalinPortofYokohama on 26 October 2022. This primes the relocation of CMACGM’scurrentcontainerterminaloperationsatD4 toD5byOctober2026.

Promises more container yard capacity and more thandoublingreeferplugs

The D5 terminal will have a cargo berth with a linear quay length of 400 metres and a draft of 16 metres. This will provide CMA CGM with greater flexibility in accommodating shipments arriving on larger vessels of up to 15,000-TEU. The D5 terminal will be designed to provide 20% more container yard capacity, and some 120% more container reefer plugs than today. This will present opportunities for CMA CGM to cater to the growing fresh fruit shipments to Yokohama on its weekly AsiaCentralSouthAmerica1(ACSA1)service.

Agreenercontainerterminal

The development of the D5 terminal plans be holistic, taking into account CMA CGM’s key service routes as an international carrier and shipping trends, as CMA CGM taps the Port of Yokohama as its the base of operations. The D5 container terminal will be operated with three quay cranes that are capable of serving ships with up to 20 rows of containers and up to nine containers high on deck, plus 11 near-zero emission rubber tyred gantry cranes.

Cold ironing facilities will be installed for CMA CGM vesselstoplugintoshorepowerwhiletheyareatberthin the port. With their vessel auxiliary engines turned off while still getting the power they need, particularly in order to maintain controlled temperatures in refrigerated fresh produce cargoes, a significant amount

ofvessel’semissionsatberthwillbeeliminated.

LNG bunkering facilities will also be developed at the port. This paves the way for potential LNG bunkering onboard CMA CGM’s LNG-powered vessels that are e-methane (a source of carbon-neutral fuel) ready. CMACGMcurrentlyhas32LNG-powerede-methaneready shipsandtheGroupwilloperate77suchshipsby2026.

Hideki Uchida, President of CMA CGM Japan, said, “As we prime for our larger vessels to ship more inbound cargoes to Yokohama, particularly fresh fruits from Central and Southern America, the enhanced operational capabilities, container yard capacity and reefer plugs at the D5 terminal is set to take our service delivery a notch up. Importantly, we shall be able to further decarbonise shipping and container terminal operations through the infrastructure that is planned ahead.”

“TheHonmokufutoD5ReconstructionProjectispart of our mid-term management plan, and is an important project that the entire company is working on. Yokohama Kawasaki International Port Corporation is committed to the redevelopment project in cooperation with the MinistryofLand,Infrastructure,TransportandTourism, the City of Yokohama, and other related organizations, in order to bring the D-5 container terminal into service as soon as possible “ said Shinya Hitomi, President & CEO,YKIP.

German Government approves COSCO’s investment in Hamburg Container Terminal

BERLIN: The German government has approved the acquisition of a minority stake of less than 25% in the operating company HHLA Container Terminal Tollerort GmbH (CTT) by the Chinese company COSCO Shipping PortLimited(CSPL).

“Followingthenecessaryinvestmentreviewasrequired for the acquisition of shares by companies from non-European Union countries, we now have a result that strengthens HHLA’s future viability and secures jobs in the Port of Hamburg. We want to continue to successfully develop the business relationship with COSCO that has existed for 40 years,” said Angela Titzrath, Chairoman of HHLA’s executive board. She went on to point out that neitherCTT,norHHLA,northePortofHamburgwillbesold to China. “HHLA will remain an independent, listed companywiththeFreeandHanseaticCityofHamburgasits mostimportantshareholder,”shehighlighted.

HHLA and CSPL had signed an agreement in September 2021 according to which the Chinese company

would acquire a minority share in Container Terminal Tollerort. The sale of the shares was subject to approval by theGermangovernmentunderinvestmentlaw.

Both companies submitted the necessary documents to the Federal Ministry of Economics, but the review process dragged on until well into 2022. In August, HHLA and CSPL agreedtoanextensionofthedeadlineuntil31October.

Titzrath noted that China accounts for 20% of global economic output, far ahead of the United States and HHLA “mustandwantstomaintaingoodrelationswithitsChinese tradingpartners”.

She commented, “We do not turn a blind eye to human rights violations and the oppression of minorities, regardlessofthecountry.Differences–howeverlarge–can only be resolved through dialogue and mutual respect. More can be achieved by working together than by working against each other. The solution to the major issues facing humanity, starting with climate protection, cannot succeed withoutChina.Goodcooperationinlogisticsalsohelps.”