Gati and Schneider Electric partner for eco-friendly express logistics solutions for a greener tomorrow

Ga starts deploying co-branded alternate fuel vehicles for pick-up and deliveries

Cont’d. from Pg. 3

In the initial phase of the collaboration, Gati has exclusively deployed alternative fuel vehicles for pickup of consignments from Schneider Electric’s key distribution centres at Kundli in Haryana, Bhiwandi in Maharashtra and Chennai in Tamil Nadu. Subsequently, deliveries in Gurugram is also being carriedoutwithalternativefuelvehicles.

Pirojshaw Sarkari, CEO, Gati Ltd. and Vikrant Tyagi - Director - Logistics and Supply Chain Schneider Electric along with Schneider Electric’s logistics team have flagged off the alternative fuel vehiclesattheFarukhNagarSTConMay24,2023.

Apart from offering low-emission long haul transportations, under the greener logistics collaboration, Gati will also manage local deliveries in Gurugram for Schneider Electric with a fleet of alternativefuelvehicles.

Commenting on the association, Pirojshaw Sarkari, CEO, Gati Ltd. said, “The deployment of alternative fuel vehicles is a part of our mission to boost environmental sustainability in express distribution and support the government in reducing carbon footprint. We are delighted to partner with Schneider Electric to develop greener logistics solutions which are in line with our vision to adopt green mobility. We have an ongoing express distribution partnership with Schneider Electric for pan India transportation and delivery. The latest green logistics collaboration will further enhance our synergy with them. We look forward to supporting Schneider Electric in its sustainability goals. We hope that the partnership will serve the foundation for a broader collaboration, focussing on creating an environmentally sustainable and efficient express distributionservices.”

Cont’d. from Pg. 3

The collaboration involves exploring the future needs of emerging digital technologies, extending cooperation of digitalized solutions, and opening new horizons for Milaha’slineofbusiness.

Mr. Hamad Saeed Al-Hajri, EVP Support ServicesinMilaha, stated: "In line with the directives of Milaha’s executive management and the strategic plans, We have mapped out an ambitious digital transformation plan to sophisticate our maritime solutions and logistics services by adding innovative technologies to increase annual profitability rates. Collaborating with Google Cloud enables us to accelerate and update our digital transformation plan, optimizebusinessopportunities,anduseGoogleCloud asaplatformforourgrowth."

Additionally, collaborating with Google Cloud reflects Milaha's strong interest in maintaining its global status as a prestigious company that offers digitalized maritime and logistic services to broad customersacrossGCCandtheMiddleEast.

Commenting on the collaboration, GhassanKosta, Qatar Country Manager, Google Cloud, said:

“Google Cloud provides industry-tailored cloud solutions forimportantcompanieslikeMilaha,andwearethrilledto collaborate with them to roll out these unique solutions relevant to the maritime industry. Now that the Doha cloud region is open, we are going to be working closely with Milaha as one of the early adopters as they leveragethelatestcutting-edgecloudservices.”

Milaha is one of the first maritime firms in Qatar to implement Google Cloud technologies in this sector and benefited from technologies and applications that help increase profit rates for the business through the modernizationofdigitalservicesanddata.

Drewry: World Container Index down 2% last week

LONDON: Drewry’s detailed assessment for Thursday, 25 May 2023

The composite index has decreased by 2% last week, and has dropped by 78% when compared with the same week last year.

The latest Drewry WCI composite index of $1,685 per 40-foot container is now 84% below the peak of $10,377 reached in September 2021. It is 37% lower than the 10-year average of $2,688, indicating a return to more normal prices, but remains 19% higher than average 2019 (pre-pandemic) rates of $1,420.

The average composite index for the year-to-date is $1,859 per 40ft container, which is $828 lower than the 10-year average ($2,688 mentioned above).

The composite index decreased by 2% to $1,685.32 per 40ft container, and is 78% lower than the same weekin2022.FreightratesonRotterdam–NewYorkfell10%or $465 to $3,969 per feu. Rates on Shanghai –New York slid by 2% to settle at $2,760 per 40ft box. Apart from the above trades, rates dipped by a meagre 1% on majority of others. Rates on Shanghai – Genoa and Shanghai – Rotterdam dropped to $2,169 and $1,530 per 40ft container, respectively. Similarly, rates on Shanghai – Los Angeles and Los Angeles –Shanghai dropped $1,798 and $1,023 per feu, respectively and those on Rotterdam – Shanghai dropped to $587 per 40ft box. However, rates on New York – Rotterdam inched up 1% to $844 per feu. Drewry expects East-West spot rates on routes other thanthetransatlantictobestableinthenextfewweeks.

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

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

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

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

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

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

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TBATBA TS Kelang 23003E

03/0704/07 TBATBA Ever Ethic 161E

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

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

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

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