MUM-30-04-2024

Railways mull 200 New Gati Shakti Terminals for faster cargo movement

NEW DELHI: Indian Railways will look at developing an additional 200-odd Gati Shakti multimodal terminals in its bid to improve freight earnings and decongest existing tracks for faster passenger train movement

The average cost per terminal is expected to be around Rs 70 crore, as per initial estimates of Railways; which works out around Rs. 14,000 crore for all these, officials aware of discussions said

New route : CULines will launch new Middle East express service CGX

BEIJING: CUL is pleased to announce the introduction of the CGX China-Middle East Express service. This initiative is a result of collaboration with Unifeeder, Sinokor, and Milaha, in order to better address the transportation demands of both the market and customers, and enhance the speed and efficiency of services in the Middle East region.

Railways have earned over Rs. 2.56 lakh crore, with freight services accounting for 70 per cent of these earnings in FY24.

First phase under implementation

Under the first phase of implementation of the Gati Shakti Cargo Terminal Policy, some 100-odd multi-modal terminals will be developed by 2024-25 Around 77-odd are ready and commissioned at an estimated cost of Rs 5,400 crore

Cont’d Pg. 15

DACHSER : New LCL services between Rotterdam and Asia including Nhava Sheva

The CGX service will commence its maiden voyage from Shanghai on May 19th, with the deployment of five 2,800 TEU container vessels, with two allocated to Unifeeder and one each to Milaha, Sinokor, and CULines

Cont’d Pg. 6

KEMPTEN: Since the end of 2023, DACHSER has been setting up weekly LCL export connections from Rotterdam to the ports of Shanghai, Nhava Sheva and Dubai (as a hub for distribution within the Gulf States) and LCL import connections from Shanghai and Shenzhen to Rotterdam. More LCL connections will be added in 2024.

Cont’d Back Pg.

TherewillbenoissueofDailyShippingTimeson Wednesday,1stMay,2024onaccountofMaharashtraDay.

Cont’d from Pg. 3

New route : CULines will launch new Middle East express service CGX

The rotation of the CGX service is ShanghaiNingbo - Shekou - Jebel Ali - Shanghai, with a round t r i p v o y a g e o f 3 5 d a y s Tr a n s i t t i m e f r o m Shekou/Ningbo/Shanghai to Jebel Ali will take 14/16/18 days respectively The ser vice will complement the existing Middle East premium AGX service, with CUL offering a twice-weekly sailing from Shanghai/Ningbo/Shekou directly to the Middle East

service, ensuring customers receive high-quality and efficient transportation services.

Twice sailing per week from Shanghai / Ningbo / Shekou directly to Jebel Ali (AGX/CGX).

One of the fastest China-Middle East direct services

• Shekou to Jebel Ali 14 days

• Ningbo to Jebel Ali 16 days

• Shanghai to Jebel Ali 18 days

• Ample space quality and reliable service.

Transindia Real Estate appoints Ram Walase as Chief Executive Ofcer

MUMBAI:

T r a n s i n d i a

R e a l E s t a t e Ltd (formerly known as Transindia Realty & Logistics Parks Ltd), an Allcargo Group company has appointed Ram Walase as Chief Executive Ofcer.

As the CEO of Transindia Real Estate, Ram will manage P&L responsibility, spearhead business growth and financial strategies for the Group's real estate arm and will collaborate with Jatin Chokshi, Managing Director, Transindia Real Estate to identify land banks, execute logistics & infrastructure projects, explore PPP opportunities and participate in the government’s asset monetization plans.

Ram, an alumnus of IIM Mumbai, formerly NITIE, brings with him 25 years of leadership experience across various sectors including real estate, infrastructure, project finance, public-private partnerships, and consulting. Before joining Allcargo Group, Ram worked as Managing Director & CEO at VBHC Value Homes Private Limited.

Welcoming Ram Walase, Jatin Chokshi, Managing Director, Transindia Real Estate Limited said,

“Ram's arrival marks a strategic move aimed at strengthening our real estate plans and operational efficiency at Transindia. Ram, with his rich experience in the real estate industry and infrastructure, will help us drive growth for our real estate business. I welcome Ram to the Allcargo Group family and we wish him success in his new role."

Commenting on his appointment, Ram Walase, Chief Executive Officer, Transindia Real Estate Limited said, "I am excited to be a part of the Allcargo Group and Transindia Real Estate. Transindia Real Estate has emerged as a key player in warehousing and commercial industry. The role offers me an opportunity to drive the company's goals in developing cutting-edge logistics assets and expand its range of investments in the real estate sector."

After the recent restructuring, the Allcargo Group founded and promoted by its Chairman Shashi Kiran Shetty has been demerged into four listed strategic business undertakings - Allcargo ECU Ltd, Allcargo Logistics Ltd, Allcargo Terminals Ltd and Transindia Real Estate Ltd.

Drewry: World Container Index was Stable Last Week

L O N D O N : D r e w r y ’ s Wo r l d Container Index remains stable at $2,706 per 40ft container last week. Detailed assessment for Thursday, 25 April 2024

• The composite index remains stable at $2,706 per 40ft container last week and has increased by 55% when compared with the same week last year

• The latest Drewry WCI composite index of $2,706 per 40ft container is 90% more than average 2019 (pre-pandemic) rates of $1,420.

• The average composite index for the year-todate is $3,260 per 40ft container, which is $550 higher than the 10-year average rate of $2,710 (which was inflated by the exceptional 2020-22 Covid period).

• Freight rates from Rotterdam to New York and Shanghai to Los Angeles decreased 3% to $2,214 and $3,395 per 40ft container respectively Similarly, rates from Rotterdam to Shanghai and Shanghai to New York dropped 2% to $749 and $4,369 per 40ft box respectively Likewise, rates on Los Angeles to Shanghai declined 1% or $8 to $700 per feu. Conversely, rates from Shanghai to Rotterdam increased 2% or $67 to $3,056 per 40ft container. Also rates from Shanghai to Genoa increased 1% or $38 to $3,615 per feu. While rates from New York to Rotterdam remain stable. Drewry expects freight rates ex-China to hold steady in the coming week.

Mr. Ram Walase

INDIA - MALDIVES SHIPPING SERVICE

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

Wan Hai Lines (I) (RGI) UnifeederUnifeeder

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

CMA CGM CMA CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul 04/0505/05 TBATBA Tsingtao Express4314W Q0213 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 1088842-15/04 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

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 Q0275 1090044-29/04 SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 22/0523/05 22/05

MSC

Himalaya Express

Q0235 1089711-24/04 U. K. North Continent & Other Mediterranean Ports.

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 02/05 1800 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) 04/0505/05 03/05 2200 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

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

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

Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel (EPIC / IPAK)

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

22/05 1100 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

03/0504/05 TBATBA X-Press Bardsey 24003E Q0197 295873-19/04 ONE Line ONE (India) USA, East & West Coast, USA, South & Central America

& Caribbean Ports, Canada. 12/0513/05 TBATBA Clemens Schulte 032E Globelink Globelink WW USA, Canada, Atlantic & Pacific, South American & (TIP Service) West Indies Ports. 04/0505/05 03/05 2200 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 Belita

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

30th APRIL 2024 10

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

TO LOAD FOR WEST

Basra. (ASX)

PoseidonShpg. Jebel Ali, Bandar Abbas.

Shpg. Aiyer Shpg. Jebel Ali.

Cordelia Cont. West Asia Gulf Ports.

Line Freight Conn.

TO LOAD FOR WEST ASIA GULF PORTS From BMCT

CFS

Jebel Ali, Bandar Abbas. Speedy CFS 16/0517/05 TBATBA Oceana 0925

Emirates Shpg. Jebel Ali, Sohar. (IMX)

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

Cordelia 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

COASTAL SERVICE

30th APRIL 2024 12

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

LOADING

TO LOAD FOR INDIAN

TO LOAD FOR INDIAN SUB CONTINENT from NSICT

TO LOAD FOR INDIAN SUB CONTINENT

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

1)

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

In Port 30/04 MSC Anita FD411E Q0144 1088835-15/04 MSC MSC Agency Dalian, Shanghai, Ningbo, Yantian. Hind Terminals 15/0516/05 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 Q0253 UnifeederUnifeeder Qingdao, Shanghai, Ningbo. Dronagiri 13/0514/05 TBATBA Ever Sigma 126E Q0255 296347-26/04 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

Lines TS Lines (I) Cordelia Cordelia Cont. Port Kelang, Far East & China Ports

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

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

Bardsey 24003E Q0197

Line ONE (India) Port Kelang, Singapore, Laem Chabang,

Feeders Sea Consortium Port Kelang, Singapore,

Singapore, Laem Chabang.

HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore.

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

VESSELS DUE AT

FOR EXPORT LOADING

TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from GTI

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

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

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

In Port 30/04 X-Press Carina 24018E

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

JAIGARH PORT LIMITED

Railways mull 200 New Gati Shakti Terminals for faster cargo movement

Cont’d from Pg. 3

These terminals have come up in West Bengal, Jharkhand, Odisha, Telangana, Tamil Nadu and Uttar Pradesh, among others. Some of the operators include Concor, Reliance, Adani, Western Coalfields, Wonder Cements, JSW, SECL, IOCL, BPCL, among others.

Routes/stations include important industry points like Paradip, Jasoda and Dahej, among others.

“So once the first set of 100 terminals are completed, which would be by the end of this fiscal, Railways will tender for 200 more. The average cost of each of these terminals works out at Rs. 65-70 crore at present Individually, a terminal cost could be Rs. 50 crore in some cases, or more,” an official taking part in these discussions said.

Private Participation

Gati Shakti Cargo Terminals can be developed by private players and o n n o n - R a i l w a y l a n d o r e v e n fully/partially on Railway land.

For terminals on non-Railway land, the operators will identify the location and will construct the terminal after obtaining necessary approval.

In case of terminals coming-up either fully or partially on Railway land, the land parcels will be identified by Railways and the operator for construction and operation of the terminal will be selected through open tenderingprocess Freight Movement

The Railways, say the official, is looking to push for greater share in the country’s overall freight traffic

The share has freight carried by Railways at 29 per cent at present, up from 27 per cent in 2020. The plan is to take it up to 35 per cent by 2030.

Of the 5,500 million tonnes (mt) of cargo carried across the country, some 1,600 mt – odd is moved by the Railways in FY24. Loading was to the tune of 787.6 mt of coal, 181 mt of iron ore, 154 mt of cement and 114.4 mt across others categories that include volume-based items like white goods, among others.

“As these multi modal terminals come up, there will be faster movement of goods, de-congestion of tracks for passenger trains too,” says one of the officials.

Also complimenting this plan, the Railways will continue to add 5,000 km of new tracks, every year, at least for another three-to-five years.

China’s share in India’s industrial goods imports jump to 30% from 21% in last 15 yrs: GTRI

NEW DELHI: With increasing India’s dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing’s share in New Delhi’s imports of such goods rose to 30 per cent from 21 per cent in the last 15 years, a report said. According to the report by the economic think tank Global Trade Research Initiative (GTRI), the growing trade deficit with China is a cause of concern, and the strategic implications of this dependency are p r o f o u n d , a f f e c t i n g n o t o n l y economic but also national security dimensions

From 2019 to 2024, India’s exports

to China have stagnated at around USD 16 billion annually, while imports from China have surged from USD 70.3 billion in 2018-19 to over USD 101 billion in 2023-24, resulting in a cumulative trade deficit exceeding USD 387 billion over five years T h e I n d i a n g o v e r n m e n t a n d industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI Founder Ajay Srivastava said.

This is imperative not only to mitigate economic risks but also to bolster domestic industries and reduce dependency on single-country

imports, especially from a geopolitical competitor like China, he added. “Over the last 15 years, China’s share in India’s industrial product imports has increased significantly, from 21 per cent to 30 per cent.

“This growth in imports from China has been much faster than India’s overall import growth, with China’s exports to India growing 2 3 times faster than India’s total imports from all other countries,” the report said In 202324, India’s total merchandise imports amounted to USD 677 2 billion, with USD 101 8 billion of that coming from China

Shrinking shrimp prices hit Indian marine product exports

COCHIN: Sharp fall in shrimp prices and surplus supply by Ecuador has cost the Indian seafood export industry dearer. Marine product exports from the country plummeted by $710 million in FY24 at $7.4 billion from more than $8 billion in FY23.

The decline comes after export of marine products shot up for two consecutive years post-Covid.

Data available with NIRYAT portal of the Union ministry of commerce and industry states that USA was a top market for India in the marine products segment at $2 5 billion, followed by China with nearly $1.4 billion and Japan at $412 million

Shrimp is a significant item in the basket of India’s seafood exports However, its price dipped by 20%-25%

last year, according to industry sources.

Seafood Exporters Association of India (SEAI) national vice president K V V Mohanan said, marine products export value declined mainly due to the decrease in average export price of shrimp comparing to the previous year “Our major markets for shrimp are the USA, China, EU, Japan, Vietnam and Middle East, where we suffered due to oversupply from other countries, especially Ecuador, whose production was almost 1 5 million tonne,” he said.

India shipped 17,35,286 MT of seafood worth more than $8 billion during 2022-23, the Marine Products Export Development Authority had announced last year With export value to the tune of $5.5 billion, frozen

shrimp retained its top position accounting for a share of 67.7% of the total earnings through seafood exports in that year (FY23). It was followed by frozen fish generating an export value of $687 million.

Noting that seafood exports is a labour-oriented industry, Mohanan said, it has a tremendous prospects for growth, wherein the role of the state government and Centre was pivotal.

Israr Ahmed, vice president, Fe d e r a t i o n o f I n d i a n E x p o r t Organisations (FIEO) said, softening of western market, particularly the US, also contributed to the reduction i n m a r i n e p r o d u c t e x p o r t s “We believe that exports will turn positive as the US economy will start catching up again in 2025,” he added.

India to sign trade deal with Oman amid push to expand ties with Middle East

NEW DELHI : India and Oman are set to sign a trade deal in the coming months as New Delhi seeks to expand its ties in the Middle East where rising geopolitical tensions are putting major shipping routes at risk. “It will help India with a strategic partner and access to key trade routes in a volatile region,” one official told.

Although India and Oman have annual trade of less than $13 billion, the relationship is important for New Delhi as Oman is a gateway to the Strait of Hormuz between the country and Iran, a major transit point for global oil shipments. The trade deal requires the approval of the next government after the ongoing Lok Sabha elections, and Prime Minister Shri Narendra Modi is widely expected to win another term. I n d i a ’ s t r a d e a n d f o r e i g n

ministries and Oman’s embassy in India and foreign ministry did not respond to emails seeking comment. However, India has pivoted to seeking b i l a t e r a l r e l a t i o n s w i t h G u l f Cooperation Council (GCC) members such as Oman and the United Arab Emirates (UAE) after little progress on a deal with the bloc.

The planned deal with Oman “also gives a competitive edge as GCC is negotiating trade agreements with Pakistan and China,” the official said. Oman has agreed to eliminate duties on Indian exports worth an annual $3 billion including agricultural products, gems and jewellery, leather, automobiles, medical devices, engineering products and textiles, the officials said.

In a similar response, India has agreed to reduce duties on some

petrochemicals, aluminium and copper from Oman, while capping imports of such goods.

T h i s f o l l o w s O m a n S u l t a n Haitham bin Tarik’s visit to India in December last year, where he held delegation-level talks with PM Modi at Hyderabad House in the national capital on Saturday, where they adopted a new ‘India-Oman joint vision, a partnership for future’ focusing on ten essential areas.

Significantly, India and Oman share a long-standing friendship rooted in historical, cultural, and economic ties. Furthermore, peopleto-people contact between India and Oman can be traced back 5,000 years. The diplomatic relations between the two countries were established in 1955 and were upgraded to a strategic partnership in 2008.

Apple’s iPhone exports from India have doubled,

but

component manufacturing needs to pick up

NEW DELHI: Since 2017, when Apple first started assembling its older version of iPhones in India, there have been many significant developments. The majority of the progress happened last year, following Apple CEO Tim Cook’s India visit in April 2023. Apple’s efforts to branch out its supply chain from China are finally bearing fruit in India. Through its contract manufacturers Foxconn, Pegatron, and Tata-owned Wistron, iPhone exports from the country have multiplied. Exports have reportedly surged from $6 27 billion in the fiscal year 2022–23 to $12.1 billion in 2023–24.

Apple’s market share too has improvedafterthecompany’sdecisionto move its assembly lines here. Apple’s

marketshareinIndiacurrentlystandsat 6 4 percent, up from 4 6 percent in 2022

The company is looking at 8 percent share this year However, to capture more share and offer the handset at a reasonable price, the Cupertinobased company will have to go beyond just assembling the iPhones here.

“A p p l e i P h o n e

c o m p o n e n t manufacturing in India stands at under 9 percent,” an industry insider told on condition of anonymity Things are picking up. All the focus now is on producing components inhouse. It took a decade for China to reach where they are, he says. “India is new to the game but is picking up well. It’s worth noting that technology transfer from China is one of the biggest impediments because neither

party is granting visas.

The Tata Group became the first Indian company to make Apple iPhones in India after it acquired a 100 percent stake in Wistron last year. It is also currently in the process of taking over Pegatron’s plant in Tamil Nadu. The Taiwanese firm has done the paperwork with Tata Electronics, and the acquisition is expected to be officially announced very soon, the source confirmed In December, Pegatron’s assembly factory in China was taken over by Apple’s secondlargest iPhone manufacturer, Luxshare. According to a Pegatron filing on the Taipei Exchange, the Chinese contract manufacturer will acquire a 62.5 percent stake in the facility in Shanghai.

Raipur Rail Division’s 1st Gati Shakti Cargo Terminal inaugurated by DRM

RAIPUR: The first Gati Shakti Cargo terminal of the Raipur railway division was inaugurated at Raipur railway station on 28th April. This new addition will lead to an increase in the loading of goods by the Raipur Rail Division along with an increase in revenue, and is set to provide the provision of a new center for loading and unloading for the Raipur Rail Division,

from where other freight customers can also send their goods.

According to railway officials, the r a i l w a y s h a v e i n i t i a t e d t h e establishment of high-power cargo ter minals in an effort to boost infrastructure With a focus on the interests of railway consumers, these policies have been formulated. Cargo terminals play a crucial role in the

progress and development of the nation. In this context, the inauguration of the first high-power cargo terminal by the Raipur Rail Division was led by the Divisional Railway Manager, Sanjeev Kumar The first cargo terminal of the Raipur Rail Division dispatched goods from a cement factory at Ahirwara to Khadgapur This included loading kiln car racks as well.

Iran says crew of Israel-linked ship to be released

TEHRAN: Iran’s Foreign Minister s a i d t h e c r e w o f a s e i z e d Portuguese-flagged ship linked to Israel have been granted consular access and are expected to be freed, Iranian media reported on Saturday, 28th April.

Iran’s Revolutionary Guards seized the container vessel MSC Aries with a crew of 25 in the Strait of Hormuz on April 13, days after Tehran vowed to retaliate for a suspected Israeli strike on its consulate in Damascus Iran had said it could

close the crucial shipping route.

Recent attacks on merchant shipping in the Red Sea and the Gulf of Aden by Yemen’s Iran-aligned Houthis, claiming solidarity with Palestinians in Gaza during Israel’s war with Hamas, have affected global shipping.

SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT

TIDE 30/04/2024

Cargo Steamer's Agent's ETD

VESSELS IN PORT & DUE FOR EXPORT LOADING

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

SHIPS SAILED WITH NEXT

CARGOS DESTN.

SHIPS READY FOR BERTH

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

TODAY’S

SHIPPING MOVEMENTS AT ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA DRY

VESSELS AT BERTH

SHIPS SAILED WITH EXPORT CARGO

VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ADANI INTERNATIONAL CONTAINER TERMINAL (AICT)

AT BERTH BERTH VESSEL’S NAME AGENT ETD

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

ETA VESSEL’S NAME AGENT

Port MSC Rikku (V-IP417A) MSC Agency Hazira

SM Kaveri (V-72) MBK Logistics Mandalore

(V-GA417R) MSC Agency Nhava

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

VESSELS AT BERTH

BERTH VESSEL’S NAME AGENT ETD

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

VESSEL’S NAME AGENT FROM

DP WORLD MUNDRA

TO LOAD FOR EAST, WEST, NORTH & SOUTH AFRICAN PORTS

TO LOAD FOR FAR

CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

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

TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

TO LOAD FOR WEST ASIA

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

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

TO LOAD FOR WEST ASIA GULF PORT

TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS

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

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

TO LOAD FOR INDIAN

TO LOAD FOR US & CANADA WEST COAST

SHIPPING MOVEMENTS AT ADANI HAZIRA PORT

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

VESSELS ON

VESSELS ON BERTH AT MbPA / NSFT / NSICT / NSIGT / GTI / BMCT

MbPA

MbPA

GTI-1

BMCT-1 MSC Yokohama MSC Agency

BMCT-2 SM Tianjin Seahorse

BMCT-3 Taichung Sealead Shipping

´´ ´´ CUSTOM EXCHANGE RATES ALL RATES PER UNIT

W. E. F. 19-04-2024

ON 29-04-2024

´ ´ FOREIGN EXCHANGE RATES

Nepalgunj ICP to come into operation from May 8

KATHMANDU: The Government of India has handed the Nepalgunj Integrated Check Post (ICP) over to Nepal. Built with the financial and technical support of India, the construction of the ICP began in September 2020, and the completed check post was handed over on Monday evening.

After 15 years since the agreement between the governments of Nepal and India, the ICP was constructed at the Nepalgunj border crossing. The ICP was jointly inaugurated by Prime Minister Pushpa Kamal Dahal and Indian Prime Minister Narendra Modi on June 1, 2023, through a virtual ceremony The completed ICP has now been handed over to the Federal Level Project Implementation Unit, Banke, under the Department of Urban Development

andBuildings,GovernmentofNepal.

The ICP management and operation assigned to the Nepal Intermodal Transport Development Board (NITDB) by the project unit will start from May 8. TRS Atlas Logipark Pvt Ltd has got the infrastructure responsibility for running the ICP

The NITDB has stated that preparations for the operation of the Nepalgunj ICP , aimed at simplifying Nepal’s international trade processes, have been completed. There is a policy in place to select qualified private sector operating companies through international bidding for the operation and management of terminals (dry ports, integrated check posts, and container freight stations) under the Board.

Abu Dhabi leaps a Staggering 10 Places in 2024 Leading Maritime City Report

ABU DHABI: Marking a significant step in maritime prominence, Abu Dhabi has secured its place within the top 25 of maritime cities worldwide, jumping an impressive 10 places since 2022, to reach position 22, the highest jump among all cities, according to the prestigious 2024 Leading Maritime City (LMC) Report, unveiled in Singapore.

The LMC report, a bi-annual benchmarking study jointly produced by DNV and Menon Economics, assesses the performance of 50 leading maritime cities across key sectors such as shipping, finance and law, maritime technology, and port and logistics. This year marks the sixth edition of the report, providing invaluable insights for maritime administrations, industry stakeholders, and the global maritime community

Abu Dhabi’s growth has been driven by strong gains in t he " A t t r a c t ive ne ss a nd C o m pe t it ive ne ss" a nd

“Enhancement in Shipping” pillars It also achieved impressive rankings across all other key indicators and scored favourably in terms of projected growth as a leading maritime centre of the world, continuing Abu Dhabi's growing prominence in the global maritime landscape.

A major contributor to this success is Abu Dhabi Maritime, established in 2020 via an agreement between AD Ports Group and The Department of Municipalities and Transport to manage the growth and development of

Abu Dhabi’s maritime domain Abu Dhabi Maritime was committed through its dedicated efforts to positioning the emirate as a leading global maritime hub This was reflected in Abu Dhabi entering the LMC ranking for the first time in 2022, anditsoutstandingascentinoverallrankingto22ndtoday.

AD Ports Group has invested heavily across a number of areas which fall under the ranking criteria Bolstering commercial and leisure maritime infrastructure, enhancing digital capabilities and augmenting the maritime regulatory framework, has contributed significantly to this success, as have initiatives such as the launch of Maritime Hub Abu Dhabi, expansion of public water transportation networks and sustainability projects.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “We are delighted to see Abu Dhabi's remarkable progress recognised in the 2024 Leading Maritime City Report This achievement serves as a testament to the forward-thinking approach of our wise leadership, and the dedication and hard work of Abu Dhabi Maritimealongsidethemaritimecommunity. Italsounderscores AD Ports Group’s unwavering commitment to continued investment, innovation, and environmental responsibility in the maritime sector Through strategic initiatives and collaborative efforts, we are confident in our efforts to further elevate Abu Dhabi’sstatusasaglobalmaritimehub ”

MAWANI : Transporting the First Container Shipment from Jubail Commercial Port to Riyadh Dry Port via Railways

RIYADH: To enhance the connectivity between maritime andrailtransportmodesandimprovetheefficiencyoflogistics operations within the transportation and logistics system, the first container shipment was transported from Jubail Commercial Port to Riyadh Dry Port This was achieved via the railway line that connects Jubail Commercial Port with the East Train Network, carrying a load of 78 TEUs The maximum capacity for a single trip on the railway is 140 TEUs. This milestone was reached through the collaborative and integrated efforts of the Saudi Ports Authority “Mawani”, the Zakat, Tax, and Customs Authority “GAZT”, Saudi Arabia Railways “SAR”, and the Mediterranean Shipping Company “MSC” This achievement reflects the cooperation between “Mawani” and other relevant authorities, notably “SAR”, contributing to achieving integration in the transport of containers, bulk materials, and general cargo by connecting the ports using trains SAR networks connect Riyadh Dry Port with King Abdul Aziz Port in Dammam, King Fahd Industrial Port in Jubail, Jubail Commercial Port, and Ras Al-Khair Port This adds a competitive advantage to those ports and

contributes to the development of loading and unloading services. Operating the railway line enhances the connection between maritime and rail transport modes, increases the efficiency of logistics operations, and consolidates the Kingdom's position as a global logistics hub bridging three continents It also promotes the quality of the services provided at the ports, offering innovative logistics services that enhance the efficiency of exports and imports. This initiative will provide logistical support to industrial and commercial ports in the Kingdom, enhancing their competitiveness and supporting trade movements by offering safe and sustainable solutions that reduce harmful emissions andhelpmaintaintheenvironment

Notably,theSaudiPortsAuthority“Mawani”enteredintoa partnership agreement with Saudi Arabia Railways in early April to establish a unified framework and adopt a general organizational and legislative model for cargo transportation activities to and from Mawani’s ports via railways This is in line with the targets of the National Transport and Logistics Strategy“NTLS”andtheSaudiVision2030

DACHSER : New LCL services between Rotterdam and Asia including Nhava Sheva

DACHSER's air and sea freight division is significantly expanding its services. This involves new fixed LCL connecons between the port of Roerdam and various ports in Asia with fixed departure mes.

Cont’d from Pg. 3

For these LCL connections, DACHSER uses its own consolidated container

LCL (Less than Container Load) is very advantageous for customers who do not fill a full container with their shipment Customers then share both the space and the cost of a container This is not new for DACHSER in Benelux, but what is new is that DACHSER now loads and unloads shipments in their own logistics facility on a weekly basis at fixed times Consolidating in its own container does not involve co-loaders, which eliminates an interface in both ports By eliminating these links, the entire logistics chain is managed by DACHSER The export shipment is picked up from the sender in Europe through DACHSER's own network and then transported by truck to a Container Freight Station (CFS) in a DACHSER warehouse Here, the shipment is bundled into a container together with shipments from other customers From the CFS, the container is shipped to the other continent then, where DACHSER’s Air & Sea Logistics office takes care of the import operations and delivery to the final destination For LCL shipments incoming from overseas into Europe, the LCL consolidation containers are brought to a CFS at the nearest DACHSER branch Here the shipments are unloaded and customs cleared, only to be delivered to the final recipient through the DACHSER network

"Because we manage the entire supply chain, we always know where the shipments are and when they will be shipped, which gives us sovereignty over the logistics

process," explains Wilco Versteegh, Managing Director DACHSER Air & Sea Logistics Benelux. "In addition, the elimination of links ensures that goods get from source to market faster This can help minimize inventory costs and can promote consumer satisfaction."

Port of Europe

The DACHSER Rotterdam Logistics Centre, partly due to its location close to the port of Rotterdam, acts as a crucial link in the logistics provider's network. With the Air & Sea Logistics, Contract Logistics and European Logistics (road transport) divisions on the same industrial estate, under the leadership of Aat van der Meer, Managing Director DACHSER Benelux, the lines of communication are short and decisions can be made quickly These advantages make the branch an ideal starting point for the 90 daily road groupage departures to destinations throughout Europe.