MUM-29-04-2024

MSC introduces Upgraded Cargo Cover Solutions

GENEVA: MSC has expanded and upgraded its previous cargo protection offering, known as “Peace of Mind” i n s u r a n c e , w h i c h i s n o w k n o w n a s

“Cargo Cover Solutions”.

Under this new framework, Cargo Cover Solutions is comprised of two products: MSC Extended Protection (EPR) and MSC Marine Cargo Insurance (MCI).

MSC EPR is a well-recognised protection option in leading markets and a global solution for anyone engaged in international transportation Where EPR is not available or does not apply, MCI is offered as an alternative; most notably in cases where a letter of credit is involved, or when the cargo is fresh goods or chilled food Cont’d Pg. 10

Working on Infrastructure to achieve $1 Trn exports by 2030 : Commerce Ministry

NEW DELHI: The Commerce Ministry (MoCI) has initiated an exercise to identify required infrastructure needs, potential sectors, and clusters which would help the c o u n t r y a c h i e v e t h e $ 1 t r i l l i o n m e r c h a n d i s e exports target by 2030, a senior Government official said recently

Additional Secretary in the Department of Commerce Mr. Anant Swar up sa id t ha t t he Asian Development Bank has been requested to conduct a study in this regard Cont’d Pg. 19

Adani's Vizhinjam Port gets Shipping Ministry nod to run India's 1st Transshipment operations

NEW DELHI: The Adani Group’s Vizhinjam Port has received the Shipping Ministry’s approval for operating as India’s first transshipment port. The recommendation for declaring it a customs-notified port was made earlier last week, according to people aware of the details Current regulations require the Shipping Ministry’s nod to prevent competing projects from being permitted before capacity at operational ports is saturated.

APPOINTMENTS

Cont’d Pg. 19

..Refer Pg. 4

MSC introduces Upgraded Cargo Cover Solutions

Cont’d from Pg. 3

With EPR, cargo is also protected against damages directly linked to war risk events at sea, at no extra cost.

Benets of MSC Extended Protection

With MSC EPR, customers benefit from a wide range of coverage options at competitive rates, along with fasttrack claim resolution in case of any incidents.

• One-stop shop convenience: MSC remains the sole interlocutor of the customer from booking to claim resolution - Customers receive prompt quotations and coverage confirmation at booking stage, for potential covered incidents during transport under MSC's contract of carriage (being only BL or Intermodal BL).

• Efcient claim process: Claims are handled directly

by MSC, ensuring local support, simplified procedures, and resolution within 30 working days on average

• Tailored competitive rates: Rates are based on cargo value and are applied per shipment, with transparent pricing manifested on the freight invoice. Customers can pick and choose the value they want to protect, with the opportunity to only partially protect their cargo value.

With the introduction of Cargo Cover Solutions, and the enhanced MSC Extended Protection, MSC is empowering businesses to seize opportunities, mitigate risks, and thrive in today's dynamic business environment. MSC’s efforts are to help them to sustain continued growth and success, despite an increasingly complex trade environment.

JNPA welcomes Senior Delegation from CMA CGM Group

NAVI MUMBAI: JNPA , India P remier Container Port, recently welcomed Mrs. Christine Cabau Woehrel, Executive Vice President of Operations, Group Assets, and Pool Partnerships at CMA-CGM Group, along with Mr Jesper Stenbak, Regional Director of the Dubai Regional Office, at JNPA. “Their visit included discussions on our green initiatives like Zero Emission Truckings and future investment opportunities, as well as the exciting developments at Vadhwan Port,” informed a recent communique from JNPA.

MSC collaborates with GSBN to trial Integrated Safe Transportation Certification verification process, Boosting safety of Lithium Battery Shipments

GENEVA: MSC is pleased to announce its collaboration with Global Shipping Business Network (GSBN), a neutral, notfor-profit consortium enabling paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of partners, to further enhance safety in transporting lithium battery shipments. The collaboration was jointly unveiled by MSC and GSBN during the SMDG’s 78th CDC and Plenary Meeting in Antwerp, Belgium.

The increasing presence of lithium-ion batteries carriedoncontainershipsamidrisingmisdeclarationshas become a major concern for the shipping industry given the risk of fire In its collaboration, MSC integrated its lithium battery shipment booking process with GSBN, which has extensive access to China’s top testing laboratories and certification providers, including SICIT andPonyTesting

This means following testing, immutable safe transportation certificates can be shared directly by the laboratories over GSBN’s blockchain network and are seamlessly accessed during booking by MSC This improves the overall customer experience while replacing an often paper-based process in which such certificates are hard to verify and carried risks such as loss, mislabelling as well as fraud. The intention is to extend the collaboration to a wider group of certificates as well as expanding the network of laboratories to increase the coverage for carriers.

B e r t r a n d C h e n , C E O a t G S B N , s a i d , “The unprecedented demand for lithium shipments has introduced new challenges for the industry and those who work in it. Our aim is through these collaborations is to harness technology to support the global effort to

sustainability and mark a new era in shipping safety

As we look ahead, we aim to extend our collaboration to even more shipping lines and certification providers globally to ensure that every journey safeguards lives."

Dirk Van de Velde, Chief Health, Safety, Security and Environment Ofcer at MSC, said, “Our collaboration with GSBN offers the best of both worlds. We can offer customers a more streamlined experience from the point of booking, while ensuring that cargo requiring special handling can be safely transported. This has only been made possible by GSBN’s blockchain network and through it, its access to top testing laboratories and certification providers in China, one of the world’s top exporters of goods with lithium-ion batteries.”

MSC is a world leading container shipping lines and is investigating how to collaborate and join GSBN’s broader efforts to improve the safe transportation certification process through blockchain technology. This latest announcement builds upon earlier collaborations with members including COSCO Shipping and OOCL.

Left to Right: ArthurTouzot COSCO Shipping Lines; Captain Yi-Syou Hwang Evergreen; Heiko Hübner COSCO Shipping Lines; Bertrand Chen GSBN; Captain Dirk Van de Velde MSC; Jorg Demeyer MSC

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

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

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

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

29/04 1500 Kyoto Express 4313W Q0165 295606-16/04 CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul

TBATBA Tsingtao Express4314W Q0123 295992-22/04 Hapag ISS Shpg. U.K., North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS 12/0513/05 TBATBA Osaka Express 4315W COSCO COSCO (I) U.K., North Cont., Scandinavian, Red Sea & Med.Ports. (IOS)

ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports.

Gold Star Star Ship Hamburg, Antwerp, Tilbury. Oceangate CFS

01/0502/05 01/05 1000 MSC Antigua IU417A Q0150 MSC MSC Agency Haifa. (INDUS) Hind Terminals 03/0504/05 02/05 1600 MSC Anchorage IP418A Q0212 1089491-22/04 MSC MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals 10/0511/05 10/05 0900 MSC Roma IP419A Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D). 17/0518/05 17/05 0900 America IP420A

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

COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.

Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.

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

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

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

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

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

Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.

Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware 05/0506/05 05/05

Q0228 1089587-23/04 MSC MSC Agency U.K., North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 13/0514/05 13/05 1100 MSC Vega IS418A

SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 22/0523/05 22/05 1100 MSC Rapallo IS419A Q0235 1089711-24/04 U. K. North Continent & Other Mediterranean Ports.

Himalaya Express

NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service

Allcargo Allcargo Log. U.K., North Cont., Scandinavian & Med. Ports. Dron. 2 & Mul.

ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3

GLS Global Log. U.K., North Continent & Scandinavian Ports. JWR

Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware 16/05 17/05 TBATBA Wadi Duka 2409W Q0224 296074-23/04 Asyad Line Seabridge Jeddah, Al Sokhna (Via Jeddah).

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

from GTI 02/0503/05 TBATBA Maersk Gibraltar 417W Q0132 295353-12/04 Maersk Line Maersk India Jeddah, S.Canal, Port Said, Tangier, Algeciras, Valencia, Maersk CFS 13/0514/05 TBATBA UASC Zamzam 418W 296274-25/04 Geona (ME 2) 02/0503/05 TBATBA Dalian Express 2415W Q0187 295793-18/04 Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS 09/0510/05 TBATBA APL Phoenix OMXJDW1 Q0257 CMA CGM CMA CGM Ag.

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

TO LOAD FOR BLACK SEA, EAST EUROPE & C.I.S PORTS from

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

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

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

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

Agency Boston, Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals

Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira,Paita,

17/05 0900 America IP420A Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel (EPIC / IPAK)

APL Southamption 4122

TBATBA APL Le Havre

Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports.

AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3

Safewater Safewater Line US East Coast, South & Central America

Line ONE (India) India America Express (INDAMEX)

COSCO COSCO Shpg. (INDAMEX)

Indial Indial Shpg. US East Coast & South America

ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3

Team Lines Team Global Log. Norfolk, Charleston. Conex Terminal

Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast

Hind Terminals

La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 22/0523/05

MSC Rapallo IS419A Q0235 Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express) Globelink Globelink WW USA, East & West Coast.

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

In Port 29/04 San Francisco Bridge 071E Q0119 295335-11/04 ONE Line ONE (India) USA, East & West Coast, USA, South & Central America 03/0504/05 TBATBA X-Press Bardsey 24003E Q0197

& Caribbean Ports, Canada. (TIP Service)

Wide Alpha 246E

Globelink WW USA, Canada, Atlantic & Pacific, South American & 12/0513/05 TBATBA Clemens Schulte 032E West Indies Ports.

Dalian Express 2415W Q0187 295793-18/04 CMA CGM CMA CGM Ag. New York, Norfolk, Savannah, Miami, Santos, Dron.-3 & Mul. 09/0510/05 TBATBA APL Phoenix OMXJDW1 Q0257 ANL CMA CGM Ag. Itajai & other North American Ports. Dron.-3 & Mul. 16/0517/05 TBATBA

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

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

TO LOAD FOR WEST ASIA GULF PORTS From

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

Jebel Ali, Bandar Abbas.

Emirates Shpg. Jebel Ali, Sohar. (IMX)

X-Press Feeders Sea Consortium Jebel Ali, Bandar Abbas.

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

Alligator Shpg. Aiyer Shpg. Jebel Ali.

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

Seahorse Ship Gulf Ports.

LMT Orchid Gulf Ports. Dronagiri-3

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

ICC Line Neptune UAE & Upper Gulf Ports. GDL-5

Team Lines Team Global Log. Gulf Ports. Conex Terminal 04/0505/05 TBATBA Safeen Power 067W Q0173 295663-17/04

Safeen Fdrs. Sima Marine Sharjah, Khalifa, Bahrain, Dammam, Umm Qasr, Ajman, 11/0512/05 TBATBA SSF Dynamic 069W Q0230 296135-24/04 Umm Al Quwain, Ras Al Khaima. (UIG) 09/0510/05 TBATBA Seaspan Jakarta 418W Q0170 295589-16/04 Maersk Line Maersk India Jebel Ali (SHE) Maersk CFS

VESSELS DUE AT

TO LOAD FOR INDIAN SUB CONTINENT

TO LOAD FOR INDIAN SUB CONTINENT

FOR EXPORT LOADING

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

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

Port 30/04 MSC Anita FD411E Q0144 1088835-15/04 MSC MSC Agency Dalian, Shanghai, Ningbo, Yantian. Hind Terminals 13/0514/05 TBA 0900 MSC Rose FD413E Q0330 1089540-23/04 (DRAGON EB) 02/0503/05 01/05 2359 Shimin 20E Q0151 295505-15/04 Evergreen Evergreen Shpg. P.Kelang, Tanjun, Pelepas, Singapore, Xingang, Balmer Law. CFS Dron. 10/0511/05 TBATBA Seattle Bridge 089E UnifeederUnifeeder Qingdao, Shanghai, Ningbo. Dronagiri 13/0514/05 TBATBA Ever Sigma 126E PIL/ONE PIL India/One(I) —/— 20/0521/05 TBATBA Celsius Naples 902E Hapag ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS 27/0528/05 TBATBA TS Hongkong 24001E

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

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

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

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

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

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

A Line Sinokor India

Beijing Bridge 2403E

Sinokor India Seabird CFS (CSC)

TS Lines TS Lines (I)

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

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

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

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

(CIX-3)

Gold Star Star Ship Singapore, Hong Kong, Shanghai.

ANL CMA CGM Ag. Port Kelang, Singapore

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

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

& Mul.

29th APRIL 2024 16

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT

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

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

Line ONE (India) Mombassa, Beira, Maputo. (MJI)

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

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

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

JAIGARH PORT LIMITED

296274-25/04

294158-26/03

29th APRIL 2024 18

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

ETA ETD

MUMBAI

TO

Line Agents Will Load For

LOAD FOR UK, NORTH CONT, SCAN, BLACK SEA, EAST EUROPE & CIS PORTS

30/0401/05 Alliance St. Louis 154

1089202-18/04 Hoegh Autoliners Merchant Shpg. Antwerp, Southampton Ports- T/S at Kingston.

TO LOAD FOR MED / RED SEA & WEST ASIA GULF PORTS

TO LOAD FOR KARACHI, COLOMBO, YANGOON AND BANGLADESH PORTS

TO LOAD FOR USA, CANADA, ATLANTIC & PACIFIC, SOUTH-CENTRAL AMERICA & WEST INDIES PORTS

30/0401/05 Alliance St. Louis 154

1089202-18/04 Hoegh Autoliners Merchant Shpg. Kingston, Veracruz, Jacksonville.

10/0511/05 Morning Composer 151 Eukor Car Carrier Parekh Marine South & Central America & Caribbean Ports

15/0518/05 AAL Brisbane (Lib) 04E24 AAL Merchant Shpg. North America

TO LOAD FOR FAR EAST / EAST, WEST & SOUTH AFRICA / AUSTRALIA & NEW ZEALAND PORTS

30/0401/05 Alliance St. Louis 154 1089202-18/04 Hoegh Autoliners Merchant Shpg. Durban, Dar Es Salaam, Maputo, Mombasa-T/S at Durban, 10/0511/05 Morning Composer 151 Eukor Car Carrier Parekh Marine Pyungtaek.

15/0518/05 AAL Brisbane (Lib) 04E24 AAL Merchant Shpg. Port Kelang, Singapore, Laem Chabang, Phu My, Kaohsiung, Taichung, Xiamen, Taicang, Shanghai, Qingdao, East & West Africa via Cogh.

NOTICE TO CONSIGNEES

m.v “MSC

VANDYA” V

- GA416R I.G.M. No. 2375245 Dtd. 26-04-24 Exch rate 85.95

The above vessel has arrived on 26-04-2024 at NHAVA SHEVA (BMCT) with import cargo from ADELAIDE, NAVEGANTES, DALIAN, NINGBO, QINZHOU, SHANGHAI, SHEKOU, QINGDAO, TIANJINXINGANG, XIAMEN, JAKARTA, JAVA, NAGOYA, GWANGYANG, BUSAN, PENANG, LAEM CHABANG, KAOHSIUNG, LONG BEACH, OAKLAND, HAIPHONG.

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

NHAVA SHEVA

Working on Infrastructure to achieve $1 Trn exports by 2030 : Commerce Ministry

Cont’d from Pg. 3

If the countr y is targeting $1 trillion of exports by 2030, there is a likelihood of about $1 5 trillion of imports, so “do we have enough capacity” to cater to $2.5 trillion of export and import trade, he said. So that is the target on which the department is working, he said.

“The ADB is doing a study for us because what is more important is from where the $1 trillion of exports is going to come from; which are those sectors and clusters from where this $1 trillion of exports is going to come from. That is very critical for us.

“Because unless we know about the clusters, and ports or airports from where this $1 trillion of exports and $1.5 trillion of imports is going to happen, we would not be able to do a baseline study to identify the gaps which exist and then enhance our infrastructure capabilities,” Swarup said.

H e w a s s p e a k i n g a t a C I I conference on resilient export

logistics for trade and connectivity

India’s merchandise exports dipped by 3.11 per cent to $437 billion in 2023-24. Imports too dipped to $677.24 billion in the last fiscal.

He also said that the government is also focusing on ways to push India’s integration into the global supply chains (GVCs) as at present about 70 per cent of the global trade is happening through these chains.

For this, there is a need to increase manufacturing He added that generally exports and imports move in tandem. China’s exports stood at about $3.5 trillion and imports are at $3.2 trillion.

Speaking at the event, Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that further infrastructure push is required at ports and airports to increase India’s exports.

Saranagi said that to handle $2.5 trillion of exports and imports, India needs to create a lot of infrastructure.

As per rough calculations,

“we need to create an infrastructure which will support an additional 2,000 million tonnes of goods movement in the ports.

“Similarly in the railways, we need to create an infrastructure which will allow railways to carry on an additional 338 million tonnes of goods by 2030. Airports also need to create an additional 5 million tonnes of facilities for movement of goods

So these are big challenges but not insurmountable challenges,” he said. He also said there is a huge potential to increase exports through e-commerce medium. Last year, the cross-border e-commerce trade was about $800 billion and is estimated to reach $2 trillion by 2030.

“We need to reorient our policies t o f a c i l i t a t e a n e - c o m m e r c e ecosystem and have a larger pie in the e-commerce exports,” Sarangi said, adding that China’s e-commerce exports are about $350 billion, whereas India’s shipments through online medium is only $2 billion.

Adani's Vizhinjam Port gets Shipping Ministry nod to run India's 1st Transshipment operations

Cont’d from Pg. 3

“This approval paves the way for customs to set up an office at Vizhinjam port. It will be India’s first f u l l - f l e d g e d d e e p w a t e r transshipment port. A final nod from the Central Board of Indirect Taxes and Customs (CBIC) is expected in the coming three months,” a senior Government official said.

Adani Ports and Special Economic Zone Ltd (APSEZ) started the i n t e r n a t i o n a l t r a n s s h i p m e n t p r o j e c t i n Vi z h i n j a m , Ke r a l a in December 2015.

A transshipment port is a kind of transit hub where cargo from one ship

is transferred to another ship on the way to its final destination.

The initial goal was to complete the Rs 7,700 crore deepwater seaport project in four years by 2019 It is now expected to start operations in this financial year. The project seeks a share in the Indian cargo totalling more than a million containers which are transshipped annually through foreign ports, such as those in Colombo in Sri Lanka

According to APSEZ, the port offers large-scale automation for quick turnaround of vessels with state-of-the-art infrastructure to

handle Megamax containerships –the largest currently in operation globally

Its capacity in the first phase is to be one million TEUs. Another 6 2 million TEUs will be added in subsequent phases. It is estimated t h a t n e a r l y 7 5 % o f I n d i a ’ s transshipment cargo is handled at ports outside the country. Ports in Colombo, Singapore and Klang handle about 85% of this cargo.

APSEZ will declare its JanuaryMarch 2024 financial results on May 2. In 2023-24, the company handled 420 million metric tonnes cargo globally, up 24% year-on-year.

DGFT allows export of 2,000 tonnes of onions via 3 Ports

NEW DELHI: In a surprise move, the Union Government has partially relaxed the indefinite b a n o n o n i o n e x p o r t s a g a i n , p a v i n g t h e w a y f o r t h e “ i m m e d i a t e ” e x p o r t o f 2,000 tonnes of white onions, primarily grown in Gujarat, from three designated ports.

A notification issued by the Directorate General of Foreign Trade (DGFT) said that exports of white onions would be permitted

only after Gujarat’s Horticulture Commissioner certifies the item and quantity being exported “Exports of up to an aggregate quantity not exceeding 2,000 MT (tonnes) of white onion has been allowed through the specified ports, taken together, with immediate effect,” it said.

The exports are allowed from Mundra Port, Pipavav Port and Nhava Sheva Port.

Exports of onion a politically

sensitive commodity are banned i n g e n e r a l H o w e v e r , t h e Gover nment allows specified quantities of shipments to friendly nations on their requests DGFT is an arm of the Commerce Ministry, which deals with norms related to imports and exports On December 8 l a s t y e a r, t h e G o v e r n m e n t banned exports of onion with a v i e w t o i n c r e a s e d o m e s t i c availability and to keep prices in check

Cont’d. from Pg. 18

NOTICE TO CONSIGNEES

VANDYA” V- GA416R

The above vessel has arrived on 26-04-2024 at NHAVA SHEVA (BMCT) with import cargo from ADELAIDE, NAVEGANTES, DALIAN, NINGBO, QINZHOU, SHANGHAI, SHEKOU, QINGDAO, TIANJINXINGANG, XIAMEN, JAKARTA, JAVA, NAGOYA, GWANGYANG, BUSAN, PENANG, LAEM CHABANG, KAOHSIUNG, LONG BEACH, OAKLAND, HAIPHONG.

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

Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery.

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

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

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

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

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

Engineering exports up 10.7% in March, says EEPC India

NEW DELHI: India’s engineering goods including steel and machinery exports rose 10 7% year-on-year in March to $11.28 billion, growing in double digits for the second straight month, despite ongoing supply issues caused by disruption to shipping through the Red Sea, a trade body said.

Engineering goods, which account for one-fourth of merchandise exports, rose 2.13% in the 2023/24 financial year, to $109.3 billion from a y e a r e a r l i e r, E n g i n e e r i n g Export Promotion Council (EEPC), a body affiliated with the Commerce Ministry, said in a statement.

Exports have been dented by a slowdown in global demand, the ongoing Russia-Ukraine war and the

Red Sea shipping crisis brought on by conflict in the Middle East, exporters said.

Engineering exports to the U.S. declined 5 7% year- on-year to $17.62 billion in 2023/24, India’s merchandise exports fell in the 2023/24 financial year – the first decline since 2020/21 – to $437 billion from $451 billion in the previous year.

Automobile exports declined 5.5% in 2023/24 financial year, hit by a shortage of forex reserves in some markets.

“However, a revival of exports was noted in key markets including North America, EU and North East Asia,” s a i d A r u n K u m a r G a r o d i a , Chairman of EEPC.

North America and the European

Union (EU) remained India’s top destinations for engineering exports with a share of 20% and 19%.

Engineering exports to Russia grew sharply in the fiscal year to $1.35 billion from $733.6 million in the preceding year

The exporters however remain worried about prospects in the coming months.

“The protectionist environmental policies of the EU and slow economic revival in China will continue to create uncertainties for the exporters,” Garodia said.

Engineering exports to China, a key market, remained almost flat at $2.65 billion in 2023/24, compared to $ 2 6 3 b i l l i o n i n t h e p r e v i o u s financial year

AEO status now extended to the Gem & Jewellery sector : GJEPC

N E W D E L H I : T h e G e m & Jewellery Export Promotion Council (GJEPC) is pleased to announce a significant milestone for the gem and jewellery industry in India. Following extensive efforts by the GJEPC in collaboration with the Ministry of Finance, the Authorized Economic Operator (AEO) status is now being extended to the gem and jewellery sector. The AEO programe was introduced as piolet project in 2011

vide Circular No. 37/2011 – Customs dated 23rd August. 2011.

The AEO program, a crucial part of the broader ease of doing business initiative, has been instrumental in simplifying export operations across v a r i o u s s e c t o r s , r e s u l t i n g i n significant time and cost savings for exporters Despite the benefits it offers, the gem & jewellery sector was initially denied participation in the AEO program.

However, through proactive engagement with relevant Ministries, the GJEPC successfully advocated for the inclusion of the gem and jewellery industry in the AEO program. Consequently, the Ministry of Finance has communicated that units within the gem and jewellery industry are now eligible to apply for participation in the AEO program, thereby enabling them to avail associated benefits.

India's services exports grow 11.4% in 2023: UNCTAD

GENEVA: India's services exports jumped 11 4 per cent to USD 345 billion in 2023 despite global economic u n c e r t a i n t i e s , w h i l e C h i n a ' s shipments from the sector contracted by 10.1 per cent to USD 381 billion, according to a UNCTAD report. Sectors that contribute to India's services export growth include travel, transport, medical and hospitality

With an 8.9 per cent annual rise in current dollar value terms, the world services exports surpassed USD 7.9 trillion in 2023, a quarterly bulletin of UNCTAD said.

The leading exporters among developing economies include India,

China, Singapore, Turkiye, Thailand, Mexico, and Saudi Arabia, it added.

India's services imports, however, dipped marginally by 0.4 per cent to USD 248 billion last year.

"The main driver of the YoY (year-on-year) rise of services exports in Q4 2023 was the ample growth of international travel receipts. In the post-COVID-19recovery,travelreceipts increased by 70 per cent in Asia (YoY)," the report said Commenting on India's services exports, an industry expert said that the export of IT and IT-enabled servicesandtravelisgoingstrong.

B u s i n e s s s e r v i c e s l i k e engineering, architecture, legal and

accounting services and research and management consulting services stand to benefit from leveraging the opportunities presented by the government initiatives.

India's service exports have historically been concentrated in North America and Europe, but there is also significant potential for growth in emerging markets, such as Asia, Africa, and Latin America.

" D i v e r s i f i c a t i o n o f e x p o r t destinations by Indian exporters can help cut dependence on traditional m a r k e t s a n d o p e n u p n e w opportunities for the sector," the expert said.

Russian Chamber of Commerce & Industry opens office in Mumbai amid big interest of Entrepreneurs

MUMBAI: Russian Chamber of Commerce and Industry has opened its office in Mumbai to give a boost to the bilateral trade between Russia and India amid big number of Russian entrepreneurs seeking partners in the country

The Honorary Representative of the Chamber of Commerce and Industry (CCI) of Russia on Thursday,

25th April opened the new office in Mumbai.

CCI President, Sergey Katyrin, who is currently heading a Russian delegation of entrepreneurs in India, inaugurated the new office by cutting the ceremonial ribbon alongside prominent Indian officials.

"We are currently overwhelmed w i t h r e q u e s t s f r o m R u s s i a n

in India

entrepreneurs seeking partners in India. This opening (of the new office in Mumbai) doubles, and possibly e v e n m o r e , e x p a n d s o u r opportunities for finding partners, organizing business missions, and participating in exhibitions, and congresses. It is of great significance for us," Katyrin said during the inauguration.

MoPSW, Cochin Shipyard and IWAI deliberates on ‘Challenges and Prospective Solutions in Inland Waterways and Shipbuilding

KOCHI: Ministry of Ports, Shipping and Waterways (MoPSW), Government of India, along with Cochin Shipyard Limited (CSL) and Inland Waterways Authority of India (IWAI) recently organized a two-day conference in Kochi, Kerala (23-24th April) on ‘Challenges and Prospective Solutions in Inland Waterways and Shipbuilding’, bringing together various state departments, industry experts and stakeholders to delve into pressing issues within the maritime sector. The conference, which featured four insightful sessions, focused on the imperative of decarbonizing the maritime industry and addressed critical challenges in inland water transport and shipbuilding.

Shri R Lakshmanan, Joint Secretary, MoPSW said “The two-day conference at Kochi successfully facilitated enriching discussions encompassing India’s key priorities including Green Transition of Inland Waterways, establishment of a dedicated Sectoral Maritime Development Fund, promoting domestic shipbuilding, etc. This is one among many such meetings being conducted by the Ministry to identify and address the key challenges faced by the maritime stakeholders in achieving the targets set forth in Maritime Amrit Kaal Vision 2047.”

The inaugural session brought to the fore MoPSW’s decarbonization efforts in the Inland Waterways sector being spearheaded by IWAI and CSL.

The afternoon session delved into the pressing financing needs of India's shipping sector, underscoring the mammoth investment requirement of approximately Rs 70-75 Lakh Crore as outlined in the Maritime Amrit

Kaal Vision 2047. Despite this substantial need to support the country's projected trade and economic expansion, there's a notable absence of forthcoming finance sources, including bank credit and foreign investment

The discussion illuminated various financing challenges encountered by Indian maritime stakeholders, particularly in the shipping sector

In response to these challenges, Shri R Lakshmanan, Joint Secretary, MoPSW, shared insights into the Ministry's proactive efforts. The ministry is actively working on establishing a dedicated Maritime Development Fund. Industry stakeholders warmly welcomed this initiative and provided valuable feedback, recognizing its potential to address the pressing financing needs and propel the holistic development of the maritime sector as envisioned in Maritime Amrit Kaal Vision 2047.

The final session of the two-day conference centered on India's shipbuilding capacity, highlighting its current global ranking at 22nd with less than 1% of global share.

2024 FIATA HQ Meeting: The Standardised Path to Digitalisation

GENEVA: FIATA International Federation of Freight Forwarders Associations is proud to share the release of the Key Trade Documents and Data Elements (KTDDE) report, by the International Chamber of Commerce Digital Standards Initiative (ICC DSI), to which FIATA was a key contributor

Released today, the KTDDE report collates 36 key trade documents needed to standardise the international trade ecosystem, identified in the Cross-border Paperless Trade Toolkit published by the World Trade Organization (WTO), the United Nations Commission on International Trade Law (UNCITRAL), and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).

The KTDDE report is the result of a collaborative project between international trade experts under the auspices of the ICC DSI over the course of 18 months. FIATA was a key contributor to the report, providing inputs on key trade documents, such as the FIATA Warehouse Receipt (FWR), the Sea Waybill, and the Shipper’s Letter of Instruction. The report unifies the approach to data across the supply chain and provides a source of reference for all industry stakeholders by creating the foundations for digital trust at scale in the interests of developing common standards based on United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) data model, and fostering interoperability

FIATA, through synergistic industry collaborations and common goals, has positioned itself as a catalyst for digital standardisation across the supply chain and logistics industry, and is leading the way with digitalisation of transport documents with its Digital FIATA Multimodal Transport Bill of Lading (eFBL). As part of its efforts to facilitate interoperability, FIATA cooperates closely with several global stakeholders in the supply chain. Among others, FIATA is an advisory board member of the ICC DSI, which is aimed at fostering a globally harmonised digital

trade environment by addressing manual data cycles and related inefficiencies, as well as recognition by applicable legal systems. In addition, FIATA is a founding member of the Future of International Trade (FIT) Alliance and is participating closely in digitalisation initiatives with the World Customs Organisation (WCO) and projects with shipping lines. With the eFBL already in use worldwide by freight forwarders in their day-to-day operations, FIATA is leading the path to digitalisation and is committed to promoting interoperability through its various industry collaborations.

FIATA also hosted on the second day of its HQ meeting a dedicated session of the FIT Alliance, which unites BIMCO, Digital Container Shipping Association (DCSA), International Chamber of Commerce (ICC), Swift and FIATA The objectives of the FIT Alliance to standardise the digitalisation of international trade were introduced, including its aims to facilitate interoperability, and foster the acceptance and adoption of the electronic Bills of Lading (eBL) by all stakeholders involved in an international trade transaction. The FIT Alliance’s aim to accelerate adoption of a standards-based electronic bill of lading (eBL) across all sectors of the shipping industry is encapsulated in its eBL Declaration, which encourages companies to signal their readiness to drive digitalisation in international trade.

During the session, FIATA Director General, Dr Stéphane Graber, called upon the freight forwarding industry to consider initiatives for the widespread global adoption of the eFBL. FIATA's efforts to globalise the eFBL through its extensive network of FIATA Association Members, enhancing industry value with a trusted network, standardised interoperability, and streamlined business operations were highlighted FIATA continues to work with all stakeholders across the supply chain, including industry actors and governmental authorities, to foster effective and secure data exchangeininternationaltradearoundtheworld

SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT

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Port MSC Rapallo (V-GA417R) MSC Agency Nhava Sheva

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Maersk Danube (V-417W) Maersk India

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ADANI CMA MUNDRA CONTAINER TERMINAL PVT LTD (ACMTPL), MUNDRA

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TO LOAD FOR FAR EAST, JAPAN, CHINESE PORTS & AUSTRALIAN

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR WEST ASIA GULF PORT

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TO LOAD FOR U.S.A, CANADA, ATLANTIC, PACIFIC & SOUTHERN AMERICA

TO LOAD FOR FAR EAST, CHINA, JAPAN, AUSTRALIA, NEW ZEALAND

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HMM enhances Maritime safety with AI technology

SEOUL: HMM has announced that its adoption of an advanced AI image analysis solution 'Deep Eyes', is aimed at boosting safety management across its fleet.

Developed by GlobeAI, a startup founded by professors from Chung-Ang University, Deep Eyes integrates AI image analysis capabilities into CCTV systems.

The technology is designed to detect emergencies such as fires, smoke, safety gear non-compliance, and falls, subsequently alert the management.

Despite the vast size of very large ships, comparable to 3 to 4 soccer fields, they typically accommodate only 23 to 25 crew members.

Traditionally, shipping companies have relied on standard CCTV to monitor the interiors and exteriors of these vessels.

However, the lack of notification features in existing CCTV systems has posed challenges for effective safety management.

With the deployment of Deep Eyes, HMM anticipates a more rapid response to safety incidents on board and

aims to prevent secondary accidents.

The system will be installed on a 24,000 TEU class container ship, the largest in the world, scheduled for next month.

It will cover 15 critical areas, including the engine room and deck.

Following a period of performance assessment, HMM plans to consider a broader application of the technology across its fleet.

Hapag-Lloyd adopts IQAX eBL to reach its 100% eBL commitment

IQAX eBL via GSBN offers a fast, reliable soluon at no extra cost for Hapag-Lloyd customers

HONG KONG: Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible, and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has announced that Hapag-Lloyd will adopt IQAX eBL to issue electronic bills of lading (eBL) over GSBN’s infrastructure to offer greater efficiency, visibility and control for their customers.

This reinforces Hapag-Lloyd’s commitment to fully adopt eBLs by 2030, as well as to offer greater choice to its customers with an effective digital solution to address the volatile and complex supply chain needs of today To enable further adoption by the industry, GSBN also collaborated closely with Hapag-Lloyd and Digital Container Shipping Association (DCSA) to ensure that data is shared using APIs compliant with the latest version of DCSA eBL API (version 3.0).

Nilesh Popat, Director, Service Delivery at Hapag-Lloyd, said, “In a world where global supply chains are increasing in complexity and volatility, there is a greater need for robust digital solutions to address these challenges. The IQAX eBL over GSBN’s blockchain network, offers our customers greater choice, visibility, and control This enables our target of achieving 100% electronic bill of lading by 2030

which is a critical milestone for us.” Niels Nuyens, Head of Digital Trade at DCSA, added, "The DCSA is pleased to see Hapag-Lloyd and their partners successfully implement our eBL (3.0) standards. This is a great milestone in our joint mission to digitalise the container shipping industr y, and ver y important to reach the milestone of 100% eBL in 2030. By adopting these standards, all parties involved are demonstrating true digital leadership and paving the way for a more streamlined and efficient global trade ecosystem.”

With nine banks already on-boarded on IQAX eBL, there are wider benefits for customers such as access to trade finance. These are Bank of China Limited, Bank of China (Hong Kong) Limited, The Export-Import Bank of China, Shanghai Rural Commercial Bank Co. Ltd., Bank of Ningbo, Bank of Communications Co Ltd , China Merchants Bank, Shanghai Pudong Development Bank Co. Ltd, and CITIC Bank.

Bertrand Chen, CEO of GSBN, said, “GSBN welcomes the collaboration between two key partners within our ecosystem. As the volume of eBLs issued over GSBN’s blockchain network grows at an exponential rate, it further reinforces our additional use cases with various commercial banks and the tokenisation of eBLs for trade finance.”

Deloitte projects India's FY25 GDP growth at 6.6%

MUMBAI: Deloitte India has said that it estimates India's GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports rebound and capital flows. In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services.

With the expectation that the number of middle-to-highincome segments will be one in two households by 2030/31, up from one in four currently, we believe this trend will likely become further amplified, driving overall private consumer expenditure growth, it said.

Deloitte has revised India's economic growth prediction

for last fiscal to a range of 7 6 to 7 8 per cent In January, the firm had projected growth for 2023-24 fiscal in the range of 6 9-7 2 per cent The country's GDP growth is estimated to reach around 6.6 per cent in FY 2024-25 and 6.75 per cent in the year after, as markets learn to factor in geopolitical uncertainties in their investment and consumption decisions, Deloittesaidinitsquarterlyupdatetoitseconomicoutlook

"The global economy is expected to witness a synchronous rebound in 2025 as major election uncertainties get sorted out and the central banks of the West may announce a couple of rate cuts later in 2024. India will likely see improved capital flows and a rebound in exports" said Deloitte India Economist Rumki Majumdar.