FedEx CEO Rajesh Subramaniam visits Mundra to see the Adani’s world-class Port and Special Economic Zone (SEZ)
AHMEDABAD: Mr. Gautam Adani, Chairman, Adani Group, recently had an “insightful meeting” with FedEx CEO Mr. Rajesh Subramaniam, adding that he is “excited” about future collaborations with the global logistics company In a post on X, Mr Gautam Adani appreciated Mr Subramaniam for visiting Mundra to see the Group’sworld-classPortandSpecialEconomicZone(SEZ)
“Proud to see an Indian at the helm of a top company revolutionising global logistics through digital innovation,” said the Adani Group Chairman.
Yang Ming announces Professor Feng-Ming Tsai as New Chairman
TAIWAN: In the 395th Board
M e e t i n g h e l d r e c e n t l y, Yang Ming Marine Transport Corporation (Yang Ming) has elected Professor Feng-Ming Tsai as its Chairman with immediate effect.
Just had an insightful meeting with FedEx CEO Rajesh Subramaniam. Appreciate him visiting Mundra to see our world-class Port and Special Economic Zone
Cont’d. Pg. 6
Digitalisation will help Rupee become Global: RBI report
Chairman Tsai holds a Ph.D. in Transportation from the New Jersey Institute of Technology. He has devoted himself to research in transportation management, logistics management, and intelligent transportation systems, making significant contributions to maritime education in Taiwan.
Key export scheme norms simplified for ease of business
Cont’d. Pg. 17
M U M B A I : D i g i t a l i s a t i o n w i l l h a s t e n internationalisation of the rupee, which will result in lowering transaction costs for cross-border trade and investment operations and lower exchange rate risk, Reserve Bank of India (RBI) said in its annual report on Currency and Finance.
NEW DELHI: To make it easier for exporters to do business, the Government has simplified the Export Promotion Capital Goods (EPCG) scheme which allows import of capital goods at zero customs duty against an obligation to export.
Cont’d. Pg. 17
Cont’d. Pg. 27
Professor Feng-Ming Tsai
New fund will work to help MSMEs : FM Sitharaman on 45-day payment rule
NEW DELHI: While talking about the Central Government’s controversial 45-day payment rule, Finance Minister Smt. Nirmala Sitharaman has said that new fund in collaboration with banks by the Centre in the Union Budget 2024-25 will India’s cash-strapped micro, small and medium enterprises (MSMEs).
This fund is established to ensure that MSME units receive support in case of financial strain resulting from delayed payments. Under this new clause in Section 43B(h) of the Income Tax Act 1961, traders are mandated to settle bills with MSME units within 45 days of purchase to avoid forfeiture of certain deductions.
The budget introduced various initiatives to support Indian MSMEs, but surprisingly it gave a miss to highly anticipated review of the newly implemented 45-day payment rule. This rule, effective since 1 April, mandates
buyers to settle payments with MSMEs within 45 days of receiving goods or services, or face taxation on the outstanding amount Despite concerns from MSME associations about potential contract cancellations and tax burdens on suppliers, the Government chose not to revisit this rule, leaving the 45-day payment deadline unchanged.
To foster innovation and R&D, the Finance Minister talked about the establishment of the Anusandhan National Research Fund, amounting to Rs 1 lakh crore.
This fund is created to bolster private sector-driven research and innovation Sitharaman underscored Bengaluru’s pivotal role in the expansion of digital public infrastructure (DPI) across various sectors, particularly in agriculture. She found that this will make digital payments a commonplace occurrence, which will help a multitude of industries.
Vikas Chaube assumes charge as Director of
NEW DELHI : Shri Vikas Chaube assumes charge as Director on 24th July 2024 at National High Speed Rail Corporation Ltd(NHSRCL). He is an IRTS officer of 1996 batch Before assuming this charge, Shri Chaube was D i v i s i o n a l R a i l w a y M a n a g e r ( D R M ) M a l d a Division/Eastern Railway
Shri Chaube holds a B.Tech in Mechanical Engineering from IIT Roorkee and an M.Tech from IIT Delhi. He also holds a post graduate diploma in Financial management and has extensive experience in freight and passenger train operations, infrastructure planning, commercial functions, and general administration He has served in various positions in the divisions and headquarters of Northern Railway, as well as the Railway Board.
As the Sr. DOM of the Lucknow division, he played
a key role in designing the yard plans for many important stations, including Varanasi He has also served as the Chief Freight Transportation Manager of Northern Railway, CCM Station Development, and Chief Project Manager Systems/FOIS.
As Joint Secretary of Rail Logistics Coordination in the Ministry of Commerce and Industry, Govt. of India, Sh. Chaube was the nodal officer from the Logistics Division for PM GatiShakti during its launch and for the formulation of the recently launched National Logistics Policy He has undergone training in Singapore, Malaysia, Japan, Vadodara, and Nagpur.
Shri Vikas Chaube
“Excited for Future Collaborations” : Gautam Adani after meeting FedEx CEO
FedEx CEO Rajesh Subramaniam visits Mundra to see the Adani’s world-class Port and Special Economic Zone (SEZ)
Cont’d. from Pg. 3
Proud to see an Indian at the helm of a top company revolutionizing global logistics through digital innovation.
Gautam Adani further said that the FedEx CEO’s vision is truly inspiring, adding that he is “excited for future collaborations”.
Subramaniam said recently that India is a key market for the company as its GDP continues to g r o w a m i d r o b u s t t a l e n t a n d d i g i t a l transformation. FedEx recently launched its advanced capability community in India that will serve as a hub for the company’s technological and digital innovation
Haropa Port : An Upward-Trending First Half For Maritime Traffic
PARIS: As of the end of June
2 0 2 4 , H A R O PA P O R T ’ s maritime trafc stood at a total of 41.95 million tonnes (Mt), a gure up by 8.8%.
The Container segment rose by 16% with a throughput of 1.46 million TEU. Standing at 4.89Mt, grain exports turned in an increase of 38% for the rst six months of the year.
HAROPA PORT completed a positive first half of 2024 with a total throughput of 41.95Mt of product. An increase of 8.8% in maritime traffic which translates into an additional 3.4Mt, compared with the figure in June 2023. France’s leading port has been benefited by favourable economic headwinds stimulating the French and European markets.
Containers: an upturn with an encouraging outlook for the future
Containerised traffic accounted for tonnage of 14.51Mt (+24%). In terms of TEU, the first half of 2024 registered 1.46m TEU, an increase of 16%. This positive dynamic was also reflected in hinterland traffic of 1.07m TEU (+6%). Specifically, full container traffic to and from the hinterland rose by 10.7%. Container transhipment, outperforming the 2019 figure at 0.39m TEU, reflected the confidence of shipping lines in the regularity of port calls and good maritime hub performance.
These maritime container flows mark the beginning of a recovery that follows two downward-trending years. Against the energised backdrop generated by this progressive upturn, HAROPA PORT is registering a particularly striking rebound The economic context worldwide is also marked by maritime freight levels trending significantly upward.
The rerouting of ships around the Cape of Good Hope is calling on high levels of capacity at a time when demand has been accelerating since May
Liquid bulk fell back slightly to 19.56Mt, 1% down. Crude oil stood at 8.83Mt, amounting to a 2.4% decline. Refined products totalled 7.85Mt, down marginally by 1.2%. Chemicals accounted for 1.79Mt, lower by 3.6%. Lastly, gaseous hydrocarbons rose to 0.75Mt, up by 45.1%. This relates to gas flows via the floating methane terminal, FSRU Cape Ann, which came on stream in September 2023.
A highly satisfactory grain campaign in 2023-2024
The dry bulk segment was showing a total of 7.11Mt as of the end of June. This represents an increase of 14.2%, thanks mainly to agroindustry. HAROPA PORT handled
a total of 4.89Mt of grain, amounting to a rise of 38%. June was a particularly active month during which 738,000 tonnes of grain were exported.
At 8 72Mt, the 2023/2024 export campaign ranks 5th among HAROPA PORT’s best grain campaigns The final tonnage figure was up by 1 8% against 2 0 2 2 / 2 0 2 3 . T h e m
y HAROPA PORT in maritime exports of French grain remains stable at around 52%. This good result took the five-year average figure to 8 2Mt Milling wheat accounted for 5.92Mt and barley for 2.66Mt (of which 1 84Mt related to feed barley and 0 82Mt to brewing barley). The other exports (durum wheat and feed wheat) totalled 0 14Mt
Where export destinations are concerned, the top three were identical to the preceding year, these being China (2.48Mt), followed by Morocco (2.07Mt) and Algeria (1.15Mt). In terms of broad global regions, the Maghreb remained the leading destination with a total of 3.25Mt, ahead of Asia (2 55Mt) and West Africa (1 42Mt) Grain exports to West Africa turned in a record loading total, the previous figure being 1.1Mt. Also worthy of note were some less familiar destinations, such as Mauritania, Mexico, Thailand, India, Colombia, Madagascar, the USA and South Africa.
As of the end of June 2024, the transport modes used to bring the grain to port were split between 65% road, 25% river and 10% rail.
Also in the dry bulk segment, imports of aggregate registered a sharp 48.6% decline at 555,474 tonnes, and cement/clinker imports were down by 3 5% at 183,616 tonnes.
Dry fertilisers registered a flow of 452,165 tonnes –up by 36.3%. Other dry bulk stood at 1.02Mt, down 5%.
An 18% increase for vehicles
Maritime flows of vehicles via the ro-ro terminal continued their positive progression as of the end of June 2024 with a total of 155,237 vehicles (+18%), 23,200 vehicles more than June 2023
A good beginning to the season for sea cruises
Cruise activity maintained its strong dynamic with a very satisfactory current season registering an increase of 30.3% in passenger numbers, or 55,000 more, and +21.5% in port calls, or 17 more calls than for end June 2023 The cruise terminals in Rouen, Honfleur and Le Havre registered 237,473 passengers (+30.3%) on 96 cruise ships calling at the ports (+21 5%)
Seahorse Ship Agencies Pvt. Ltd. represent HAROPA Ports, for commercial and promotional activities in India.
Mr. GautamAdani with Mr. Rajesh Subramaniam
Indian Railways to launch its rst Hydrogen train this year : Railways Board Member
NEW DELHI : Indian Railways’ will be launching its First Hydrogen Train this year, said a senior official from the Ministry of Railways recently Speaking at FICCI’s Future Rail India 2024 Conference, Anil Kumar Khandelwal, Member (Infrastructure) of the Railway Board at the Ministry of Railways, said that environmental sustainability is a key focus for the ministry. “Our first hydrogen train will be coming this year, and we are planning to launch about 50 by 2047,” he said.
Railways’ ambitious plans extend to high-speed rail, said Khandelwal,
adding that India is likely to see its first bullet train “r unning by 2027.”
This rapid expansion is crucial for Indian Railways’ ambitious plans to increase its share of the country’s freight market Khandelwal said, “Our total logistics market is about 5,000 million tonnes, out of which 1,600 million tonnes we carried last year. We plan to upgrade our infrastructure to take this figure by 2030-31 to 35 percent or 3,000 million tonnes.”
He added that the work has already been completed across more than 1,400 kilometres. It is going on across the
3,000 kilometres of Delhi-Mumbai and Delhi-Howrah railway networks, and bids are invited for a further 3,200 kilometres, with 5,000 kilometres more being invited shortly
The railways are now inviting widespread industry participation in this crucial safety initiative. “I request industries to participate in a big way,” Khandelwal said, revealing that three companies have already been approved for Kavach, with eight more under consideration. This push for enhanced rail safety is part of a broader transformation of the Indian Railways.
01/0802/08 01/08 0900 Maersk Virginia(NSIGT) 431W Q0931 301326-16/07 Maersk Line Maersk India Djibouti, King Abdullah, Jeddah (Blue Nile) Maersk CFS
07/0808/08 TBA TBA Grasmere Maersk 432W 02/0803/08 TBA TBA Addison 007 Q0621 299109-10/06 X-Press Feeders Sea Consortium Jeddah, Al Sokhna 05/0806/08 TBA TBA Wan Hai 316 218 Q0971 1097423-22/07 Wan Hai Wan Hai Lines (I) (RGI / IM1) 12/08 13/08 TBATBA X-Press Altair 24010W UnifeederUnifeeder TO
NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Service
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
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI
31/0701/08 APL Phoenix 0MXK1W1 Q0943 301433-17/07 Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS 07/0808/08 TBA TBA Belita 0MXK3W1 Q1036 1097891-26/07 CMA CGM CMA CGM Ag. Valencia, Cagliari. (IMEX Service) Dron-3 & Mul 14/0815/08 TBA TBA Yantian Express 4332W COSCO COSCO Shpg. P Said, La Spezia, Livorno, Genoa, Fos, Barcelona, Valencia, Algeciras 01/0802/08 01/08 1000 UASC Zamzam 429W Q0909 301239-15/07 Maersk Line Maersk India Jeddah, S.Canal, Port Said, Tangier, Algeciras, Valencia, Maersk CFS 03/0804/08 TBATBA Cap San Vincent 430W Q0933 301330-16/07 Geona (ME 2) TO LOAD
FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from BMCT
Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 24/0825/08 24/08 1100 MSC Danit IS432A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express)
Globelink Globelink WW USA, East & West Coast. (Himalaya Express)
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
from
31/0701/08 APL Phoenix 0MXK1W1 Q0943 301433-17/07 CMA CGM CMA CGM Ag. New York, Norfolk, Savannah, Miami, Santos, Dron.-3 & Mul. 07/0808/08 TBATBA Belita 0MXK3W1 Q1036 1097891-26/07 ANL CMA CGM Ag. Itajai & other North American Ports. Dron.-3 &
14/0815/08
TBATBA Yantian Express 4332W COSCO COSCO Shpg. Hapag ISS Shpg. ULA CFS Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 India Sub Cont. Med. Express (IMEX) 01/0802/08
Xin Da Yang Zhou 095E
Pusan 33E
ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST
01/08 0900 Maersk Virginia(NSIGT) 431W Q0931 301326-16/07 Maersk Line Maersk India
02/0803/08 TBATBA EF Emma 967W Q0910 301282-15/07 ONE Line ONE (India) Jebel Ali.
13/0814/08 TBATBA AS Sicilia 936W Q0991 1097550-23/07 UnifeederUnifeeder Jebel Ali. (MJI)
02/0803/08 TBATBA Addison 007 Q0621 299109-10/06 X-Press Feeders Sea Consortium Jebel Ali 05/0806/08 TBATBA Wan Hai 316 218 Q0971 1097423-22/07 Wan Hai Wan Hai Lines (I) (RGI / IM1)
20/0821/08 TBATBA Stratford 131E Q1009 Star Line Asia Seahorse Yangoon.(CIX-3)
02/0803/08 TBATBA Jeju Island E406 Q0975 1097427-22/07 Wan Hai Wan Hai Lines Colombo. (CI2)
TBATBA Conti Crystal 137E Q0996 ONE Line ONE (India) Colombo. 15/0817/08 TBATBA One Competence 091E Yang Ming Yang Ming(I) Contl.War.Corpn. 23/0825/08 TBATBA One Hong Zhou Bay 056E Hapag/CSC ISS Shpg/Seahorse ULA CFS/ (PS3 Service) HMM HMM Shpg. Seabird CFS 08/0809/08
TBATBA X-Press Carina 432E Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS 31/0701/08 31/07 1200 Ital Unica 177E Q0847 1096185-06/07 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dronagiri-1 02/0803/08 02/08 1000 Wan Hai 521 E025 Q0924 301310-15/07 Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 07/0808/08
TBATBA Xin Da Yang Zhou 095E OOCL OOCL (I) Sydney, Melbourne. GDL
TBATBA Pusan 33E TS Lines TS Lines (I) Australian Ports. Dronagiri-2 (CIX-3) Austral Asia MCS (I) Port Lae, Port Moresbay, Madang, Kavieng, Rabaul, Honiara Dronagiri-3 Team Lines Team Global Log. Australia & New Zealand Ports. Conex Terminal 08/0809/08 TBATBA Dimitris Y 246E Q0992 ONE Line ONE (India) Sydney, Melbourne, Fremantle, Adelaide, Brisbane, Auckland, Lyttleton.
18/0819/08 TBATBA One Reliability 006E Allcargo Allcargo Log. Melbourne, Sydney, Frementle, Brisbane, Auckland, Adelaide(LCL/FCL). Dron.2&Mul(W) 19/0820/08 TBATBA Cap Andreas 013E GLS
&
Zealand Ports. (TIP Service) JWR
TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from BMCT
FOR EAST, WEST & SOUTH AFRICAN PORTS from NSFT
Mombasa, Dar Es Salaam 12/0813/08
TS Kwangyang 24005W
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT
31/07 1500 Hedwig Schulte 0MSJHW1 Q0905 301203-13/07 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS 08/0809/08 TBATBA CMA CGM Lebu 0MSJJW1 Q0994 1097560-23/07 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis (MESAWA) Dron.-3 & Mul. 01/0802/08
TBATBA Stanley A 0MTI1W Q0946 301457-17/07 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3 & Mul. 05/0806/08
TBATBA CMA CGM Valparaiso 0MTI3W Q0988 1097547-23/07 Maersk Line Maersk India Pointe Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk CFS 16/0817/08 TBATBA Halsted 0MTI5W DAL Seatrade Durban, Port Elizabeth, Capetown, Maputo, Beira. (MIDAS-2)
02/0803/08 TBATBA EF Emma 967W Q0910 301282-15/07 ONE Line ONE (India) Mombassa, Beira, Maputo. (MJI) 04/0805/08 TBATBA Maersk Cabo Verde 432S Q0932 301332-16/07 Maersk Line Maersk India Mombasa, Victoria. Maersk CFS 11/0812/08 TBATBA Marathopolis 433S (MWE SERVICE)
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT
10/0811/08 10/08 1100 MSC Altair IS430A Q0962 1097282-20/07 MSC MSC Agency Tema, Abidjan, Khoms, Tripoli, Misurata, Tunis Hind Terminals 14/0815/08 14/08 1100 MSC Renee IS431A Team Global Team Global Log. East, West & South African Ports. (Himalaya Express) Pun.Conware 11/0812/08 10/08 TBA MSC Falcon III IB430A MSC MSC Agency Port Louis, Durban. (ILANGA EXPRESS) Hind Termina 13/0814/08 12/08 TBA MSC Spring III IB431A TO LOAD FOR
EAST, WEST
Shipping Secretary reviews functioning of Paradip Port Authority (PPA)
P A R A D I P : S h r i T . K . Ramachandran, Secretary, Ministry of Ports, Shipping and Waterways (MoPSW), made his maiden visit to Paradip Port Authority (PPA). During his visit he inaugurated and laid foundation stone of several significant projects worth more than Rs. 13 crores.
He inaugurated the Trauma and Burn Care (TBC) Centre in the newly constructed Annex building of Paradip Port Hospital. Constructed at a cost of Rs. 2.90 Crores, the centre will provide curative and rehabilitative services for trauma and burn victims in and around Paradip.
Secretary, Shri Ramachandran laid the foundation stone for the Water Treatment Plant of PPA. The project, being constructed at a cost of Rs. 10.50 Crores, will receive raw water through Taldanda Canal and will have the capacity to filter 16 million litres of water per day The plant is expected to be completed by December 2024, enhancing the water infrastructure of Paradip Port and supplying quality drinking water to the citizens of Port Township.
Shri Ramachandran reviewed the functioning of the PPA and interacted with Heads of Departments and Deputy Heads of Departments He also inspected and reviewed port operations, planning, and expansion at the Mechanized Coal
Handling Plant, Twin Wagon Tipplers at
measures to increase productivity
The Secretary suggested several measures aimed at improving the overall performance of the port operations These recommendations are expected to enhance the capacity and streamline the workflow, contributing to Paradip Port's long-term growth and success.
It is to be noted that, the Paradip Port in Odisha is the highest cargo handling major port of the country In the financial year 2023-24 PPA became highest cargo handling port by handling 145.38 million metric tonnes (MMT) cargo throughput.
The goal under Vision 2047 is to increase the port handling capacity to 10,000 MTPA Contours of the plan will soon be spelled out. There will be avenues for private participation that are being worked upon. All ports are preparing a master plan in order to become mega ports by 2047. Improving port infrastructure and facilities, reducing turnaround time, and increasing handling capacity will be the bedrock of the 2047 target.
The latest goal is well above the targets set under the ongoing Sagarmala programme that aims boosting port capacity by 800 MMTPA to an overall 3,500 MMTPA by 2035.
Digitalisation will help Rupee become Global: RBI report
Cont’d. from Pg. 3
“Given considerations of financial stability and global coordination, the s h i f t t o w a r d s o p e n e c o n o m y digitalisation is expected to be gradual and measured, which has b e e n I n d i a ’ s a p p r o a c h T h e internationalisation of the UPI is a pertinent example of this approach. The initial steps were aimed to enable Indian travellers and diaspora to make merchant payments using UPI abroad. The next upgradation was the ability to make person-to-person remittances using UPI with the same e f f i c i e n c y a s o f d o m e s t i c transactions.” The report said.
Bilateral or multilateral trade and payments arrangements, special vostro accounts, local currency settlements and bilateral swap arrangements are among the ways l
internationalise the rupee.
T
multilateral arrangements like the ones with the Asian Clearing Union (ACU), SAARC Currency Swap Framework, the UPI-PayNow linkage between India and Singapore and bilateral understandings such as with the Central Bank of the UAE could be a way to internationalise the rupee and support liquidity arrangements
especially in times of a financial crunch.
“Authorised dealer banks are permitted to open special rupee Vostro account (SRVA) to settle trade transactions in rupee with any country. Rupee payments for imports can be credited to these accounts. Balance in the SRVA can be used for any permissible current and capital account transactions,” the report said.
The report also cited example of local currency settlement MOUs by India with countries like the UAE and Indonesia and the India-Japan swap arrangement.
Key export scheme norms simplified for ease of business
Cont’d. from Pg. 3
As per a public notice issued by the Directorate General Of Foreign Trade (DGFT), exporters will now get additional time to submit installation certificates for imported capital g o o d s , r e d u c i n g p r e s s u r e o n businesses to meet timelines.
A l s o , f r o m n o w a l l Po l i c y Relaxation Com
regularisation of exports will be implemented with a levy of a uniform composition fee making it easier to implement through the system "With a view to enhance ease of doing business and reduce the
EPCG authorizations issued under Foreign Trade Policy," the DGFT said in a public notice. The DGFT has also simplified the fee structure for extending Export Obligation periods with less paperwork and more efficiency. "These operational amendments are aimed at enhancing ease of doing business by providing up to three years from date of completion of import for submitting installation certificates, which may further be extended upon payment of a fee of ?10,000 per year," said Mayank Arora, Director- Regulatory, Nangia Andersen India.
Additionally, requirement for submission of installation certificates for import of spares have been done away with. "These changes would ease compliance burden on capex heavy manufacturers, such as electronics, mobile and IT equipment, who have committed to make large investments under the PLI Schemes," Arora said.
A
Certificates and by expanding automated rule-based processes, DGF T aims to reduce human intervention, mitigate risks and improve overall efficiency in trade facilitation
India not rethinking on issue of allowing Chinese investment : Piyush Goyal
NEW DELHI: India is not rethinking on the issue of allowing Chinese investments into the country, Commerce Minister Piyush Goyal said recently.
Earlier in July, India's Chief Economic Adviser V. Anantha Nageswaran said New Delhi should focus on Foreign Direct Investments from China to boost its exports and
help keep India's growing trade deficit with Beijing in check. The economic sur vey recommendations are not binding on the Government, Goyal said.
India's Finance Minister Nirmala Sitharaman, however, had backed Nageswaran's suggestion to allow more Chinese investment into the country
India might ease curbs on some Chinese investments:
India is likely to ease restrictions on Chinese investment in nonsensitive sectors like solar panels and batter y ma
cturing w
re New Delhi lacks expertise and which hinders domestic manufacturing, two Gover nment sources told Reuters last week.
Engineering exports rise 10.27% in June
KOLKATA: Engineering exports gathered pace in June 2024 growing 10.27 per cent (year-on-year) to $9.39 billion with a rise in shipments of electrical machinery, motor vehicles, products of iron and steel, auto components and parts, and Industrial machinery, according to an analysis done by industry body EEPC India.
“After starting the new fiscal with a 4.49 per cent year-on-year decline in April, Indian engineering exports in May 2024 bounced back to growth and then recorded double-digit growth in June 2024 at 10.27 per cent year-onyear,” the report stated Cumulative exports in April-Jun 2024-25 grew
4.34 per cent to $27.92 billion. India’s overall goods exports in June 2024 increased at a slower pace of 2.6 per cent (year-on-year) to $35.2 billion. In the April-June 2024-25 period, goods exports rose 5 84 per cent to $109 96 billion
Top Destinations
N o r t h A m e r i c a a n d t h e E U remained India’s topmost destinations for engineering exports with share of 21 per cent and 17 per cent respectively.
Among top exporting destinations, the US, the UAE, Saudi Arabia, Turkey, Singapore, the UK, Mexico experienced growth in April-June 2024-25 while exports to Germany, Italy, Korea Rep, Nepal and Bangladesh posted a fall.
In June 2024, 26 out of 34 engineering panels witnessed growth in exports, while 8 remaining engineering panels experienced a decline. Exports of iron and steel, non-ferrous products including copper, zinc and tin products, other products including industrial boilers and office equipment, declined.
In the April-June 2024-25 period, 23 out of 34 engineering panels recorded growth. Remaining 11 engineering panels posted a decline. Exports of iron and steel dropped 33 per cent due to tough competition from cheaper Chinese steel, drop in domestic production and increase in domestic demand, the analysis noted.
Quad expands Maritime Domain Awareness to Indian Ocean amid concerns over Chinese inuence
NEW DELHI: In a significant move, the four-nation grouping Quad on Monday announced a plan to expand its ambitious Indo-Pacific M a r i t i m e D o m a i n Aw a r e n e s s (IPMDA) Programme to the Indian Ocean region that would facilitate monitoring of the strategic waters.
The announcement following a Quad foreign ministerial meeting came amid concerns in New Delhi over China’s growing forays into the Indian Ocean which is largely considered as the backyard of the Indian Navy. The Quad also said that it was working for early
operationalisation of its South Asia
i a ’ s Information Fusion Centre for the Indian Ocean Region.
The meeting was attended by E
S Jaishankar, US Secretary of State Antony Blinken, Japanese Foreign Minister Yoko Kamikawa and Australia’s Penny Wong. In a joint statement, the foreign ministers said the Quad is determined to develop a free and open maritime order consistent with the UN Convention on the Law of the Sea (UNCLOS) in the Indian and the Pacific Oceans and
it would enhance collaboration with regional partners for this purpose.
“In line with such efforts, we intend to geographically expand the
(IPMDA) to the Indian Ocean region,” it said “We are working for early operationalisation of the South Asia programme through the Information Fusion Centre-Indian Ocean Region (IFC-IOR) in Gurugram, India Furthermore, we are incorporating effective technical cooperation in close consultation with regional partners,” it said.
Railway Freight revenues expected to stagnate in FY‘25
NEW DELHI: On the back of improved passenger traffic, the government is expecting over 14% jump in passenger revenues in FY25. As per the budget documents, the passenger revenues target for FY25 stands at Rs 80,000 crore as compared to Rs 70,000 in the last year’s budget. At the same time, the government is expecting the revenues from goods segment to stagnate in the current fiscal. It is estimated that the goods segment receipts will be at Rs 1,74,500
crore in FY25, slightly lower than Rs 1,74,590 crore in the previous year In fact, this amounts to a dip in real terms, after taking inflation into account.
“Despite the record amount of freight being carried over the past year, including the transportation of coal rakes which accounts for a bulk of freight loading, the conservative freight estimates suggest that there’s a stiff competition from segments s u c h a s r
waterways,” said a research analyst at leading brokerage.
The budget numbers also indicate a heightened efforts at reducing cross-subsidisation of passenger segment by passenger receipts.
In FY24, Indian railways achieved the highest-ever freight loading of 1,591 million tonnes (MT). Overall, the g o v e r n m e n t i s e x p e c t i n g t h e railways’ revenues at Rs 2.73 trillion, a growth of 5% from the previous year’s estimates.
Govt allows 1,000 MT non-basmati white rice export to Namibia
NEW DELHI: The Government on Monday allowed the export of 1,000 metric tonnes of non-basmati white rice to Namibia. In a notification, the Directorate General of Foreign Trade (DGFT) said that exports are allowed through National Cooperative Exports Limited (NCEL).
“Export of 1,000 MTs of Non-
Basmati White Rice under ITC(HS) code 10063090 to Namibia si permitted through National Cooperative Exports Limited(NCEL),”theDGFTsaid.
In July 2023, the Government had prohibited the export of non-basmati white rice but it had said exports would be allowed on the basis of permission granted to other countries to meet
their food security needs and based on requests from those countries. In May, India permitted export of 14,000 million tonnes of non-basmati white rice to Mauritius
India’s export of non-basmati white rice was $122.7 million in AprilMay FY25 and $852.53 million in the entire 2023-24.
Drewry: Port Throughput Index 3.9% Higher in May
L O N D O N :
T h e D r e w r y
Container Port
T h r o u g h p u t
Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for the indices is January 2019 = 100.
D r e w r y h a s d e v e l o p e d a nowcasting model that uses vessel capacity and terminal duration data (derived from our proprietary AIS m o d e l ) t o m a k e s h o r t - t e r m predictions of port throughput. Drewry’s latest assessment –July 2024
• Drewry’s Global Container Port Throughput Index increased 0.4% in May 2024, reaching 114.2 points, 3.9%
higher than the previous year. For the first five months of 2024, all regions except the Middle East and South Asia recorded growth, with North America, Latin America, Africa and Oceania regions reaching doubledigit growth on a YTD basis According to Drewry’s Nowcast model, the Global Port Throughput Index is anticipated to have fallen 0.5% MoM in June to 113.7 points held back by lower performance in Asia (excl China), Europe and North American markets.
• The Greater China Container Port Throughput Index rose 1.5% MoM to 120.5 points in May 2024, up 6.3% YoY. The 12-month average growth rate in Greater China increased to 5.6%, ahead of the global growth rate of 3.7%. May 2024 volumes at most of the major ports rose
h performance at Hong Kong and Xiamen declined.
• The North American Container Po r t T h r o u g h p u t I n d e x r o s e marginally in May 2024, up 0.3% MoM to 107.8 points (+5.5% YoY). Following a strong April, container volumes handled on the US West Coast reported MoM declines in May –dropping 7.3% in Long Beach, 2.3% in Los Angeles and 0.3% in Oakland.
• The European Container Port Throughput Index fell 1.2% in May 2024 to 104.9 points, which is just 0.2% above the May 2023 level. Spanish ports continue to benefit from the changes in call patterns, with May YTD volumes up 13% at Valencia and 2 4 % a t B a r c e l o n a . N o r t h e r n European ports are also experiencing some volume recovery.
Govt puts Concor privatisation on backburner
NEW DELHI: The Government has put the privatisation of Container Corporation of India Ltd (Concor) on the backburner, an official said. In November 2019, the Union Cabinet approved the strategic sale of a 30 8 per cent stake, along with management control, in Concor -a Navratna PSU under the Railways
Ministry The Government currently holds 54.80 per cent of Concor.
"The Government is unlikely to push Concor's strategic sale. There are some concerns from Railways Ministry as also investors," the official said.
The official further said that with the Government holding in the
company at 54.80 per cent, there is little scope for coming out with an offer for sale (OFS) in Concor
Although the Cabinet approval for the Concor sale was accorded in 2019, no worthwhile progress has so far been made, and even an Expression of Interest (EOI) has not been invited for the strategic sale.
NEW DELHI: The Ministry of Coal spearheading a transformative initiative to reduce coal imports and promote coal exports, is marking a significant shift in the country's energy landscape This strategic move aims to enhance domestic coal production, strengthen energy security, and support the growth of the coal sector
To streamline the process of reducing coal imports, an InterMinisterial Committee was formed and the committee will facilitate discussions and coordinate efforts among various ministries to identify
o p p o r t u n i t i e s f o r i m p o r t substitution. While acknowledging the need for some high-grade coal imports, the focus remains on minimizing non-essential imports a n d p r o m o t i n g t h e u s e o f domestically produced coal
In addition to reducing imports, the government is actively promoting coal exports to capitalize on the growing global demand for the fossil fuel. This initiative aims to position I n d i a a s a k e y p l a y e r i n t h e international coal market, generating revenue and creating employment opportunities in the sector
The reduction in coal imports and the promotion of exports are crucial steps in ensuring India's energy s e c u r i t y. B y r e l y i n g m o r e o n domestically produced coal, the country can reduce its dependence on foreign sources and insulate itself from global price fluctuations.
According to a study conducted by IIM Ahmedabad, there may exist potential of exporting 15 MT to the following neighboring countries:
•Nepal – 2MT
•Myanmar – 3MT
•Bangladesh – 8 MT
•Others – 2 MT
India-Maldives FTA : President Muizzu thanks and hopes to sign pact
MALE : Maldives President Mohamed Muizzu, recentky, thanked India for financially supporting the island nation in easing its debt repayment. President Muizzu also expressed his hopefulness that India and Male would forge stronger ties and sign a free trade agreement.
The Maldives administration is in the process of negotiating a Free Trade Agreement (FTA) with the United Kingdom and aspires to reach similar terms with India, said President Muizzu. He even stated
that India will continue to remain the M a l d i v e s ’ “ c l o s e s t a l l y ” a n d mentioned there should not be any doubts about it.
Muizzu’s affirmation came during h i s a d d r e s s a t t h e o f f i c i a l Independence Day celebrations in Maldives. He commended Maldives’ foreign policy administration, marking eight months of ‘diplomatic success,’ ANI reported quoting the Maldives President’s Office.
President Muizzu expressed gratitude to India and China for their
support in easing the Maldives’ debt repayment, thereby enabling the c o u n t r y t o e n s u r e e c o n o m i c sovereignty He further added that the Maldives government is in talks for negotiating currency swap agreements with India’s capital New Delhi, and Beijing, in China These agreements would help alleviate the local shortages ofUSdollars,saidMuizzu
While India-Maldives relations have been sour earlier, the Mohamed Muizzu-led Government took a reconciliatory stance.
Cargo handled at Indian Airports up 14% in Q1 on International boost
MUMBAI: Cargo handled at Indian airports increased 14 percent at 906,390 tonnes in the first quarter of financial year 2024-25 (April to June 2024) on 18 percent increase in international shipments at 568,240 tonnes
Domestic freight increased seven percent to 338,150 tonnes in the first
quarter, according to the latest update from the Airports Authority of India.
Fo r J u n e , c a r g o h a n d l e d increased 16 percent to 311,110 tonnes with international freight increasing 20 percent to 194,260 tonnes.
Bengaluru Airport reported a 25 percent increase in international
freight for the first quarter at 79,014 tonnes followed by Delhi (24 percent) at 178,400 tonnes and Mumbai (12 percent) at 161,782 tonnes.
On the domestic front, Bengaluru reported a 15 percent increase at 45,699 tonnes while Mumbai reported a five percent gain at 59,096 tonnes.
Logistics cost remain a concern for auto component industry: ACMA
NEW DELHI: The representative body of Indian auto component manufacturers, the Automotive Component Manufacturers Association (ACMA ), recently stated that amid the positive export demand, logistics remains a major concern. As there are issues related to geopolitical conflicts such as the Red Sea crisis which is directly affecting the demand and supply chain for auto components. There is a hindrance in the auto component supply chain due to the Red Sea crisis. The Red Sea, which accounts for almost 30% of the world’s shipping container traffic, is at present facing a
conduit crisis which led to the diversion of routes and congestion at alternative p o r t s , Shradha Suri Mar wah, President, ACMA, and CMD, Subros, said.
Repercussions of such a crisis are directly faced by Indian automakers with increased time, inventory, and expenditure in exports. “We are having issues around the Red Sea and Singapore port. While there’s no issue in terms of components, moving in and out is a major problem. And that is causing a lot of trouble because the time to market is going up, time to produce is going up, inventories are going up, due to which
working capital gets dropped,” added Marwah.
Due to such a crisis now companies are opting for alternative paths such as Singapore Port. However, sudden increase in traffic at alternative ports leads to increased time for supply of demand by about 7 to14 days.
Vinnie Mehta, Director General of ACMA, said that for FY24, India has observed higher export growth than imports indicating a positive outlook for the auto component industry. Exports grew by 5.5% while imports increased only 3% in FY 24. This might be because of the focus on localisation, Mehta said.
SHIPPING MOVEMENTS AT GUJARAT PORTS
TODAY’S TIDE 31/07/2024
Hr.
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Dina Ocean Mihir & Co. 05/08
CJ-II MO Joud DBC 04/08
CJ-III Ocean Ambition
CJ-IV Della Synergy Seaport 02/08
CJ-V Al Yasat III
CJ-VI Jabal Hafit JMBaxi 03/08
CJ-VII Al Wathba Dariya Shpg. 02/08
CJ-VIII VACANT
CJ-IX Barramundi Interocean 03/08
CJ-X Behdokht Genesis 02/08
CJ-XI TCI Anand TCI Seaways 01/08
CJ-XII Source Blessing Hapag Llyod 01/08
CJ-XIII Ince Ilgaz Arnav Shpg. 03/08
CJ-XIV SW South Wind Synergy Seaport 03/08
CJ-XV Mercurius Arnav Shpg. 04/08
CJ-XVA Propel Grace Cross Trade 03/08
CJ-XVI African Quail DBC 04/08
TUNA VESSEL'S NAME AGENT'S NAME ETD VACANT
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Geum Gang Wilhelmsen 01/08
OJ-II Penna JMBaxi 01/08
OJ-III Stolt Lind JMBaxi 01/08
OJ-IV Soprano Serene
OJ-V TG Gemini Scorpio 01/08
OJ-VI VACANT
VESSELS IN PORT & DUE FOR EXPORT LOADING
Stream ABK Tiger
Stream Adonnis DBC Berbera
Stream African Leopard Aditya Marine USA
04/08 AL Hadbaa Malara Shpg.
Stream Bow Clipper GAC Shpg.
Stream Cariboo
Stream
31/07 Han Yi Parekh Marine Umm Qasr
31/07 Jahan Moni Samudra
Suvari Kaptan DBC
OJ-VII Southern Wolf JMBaxi 01/08 CJ-XVI African Quail DBC
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
Cetus Cachalot 29/08 Korea
TCI Express 012 29/08 Manglore/ Cochin/Tuticorin
Artenos 30/07 Bandar Abbas/ Jebel Ali/Constanta/ -Chabahar
Lila Chennai 30/07
AS Alexandria 30/07 Pipavav/Cochin/ Tuticorin/Kattupalli
Hai Phoung 87 30/07
Eraclea 30/07
Bao Run 31/07
Regency 31/07
Vessel's Name Agents Arrival On
Common Venture BS Shpg. 16/07
Suvari Kaptan DBC 17/07
Mohsen Ilyas Seacoast 26/07
Maple Tulip Dariya Shpg. 29/07
Lorient GAC Shpg. 29/07
Encore Krishna Shpg. 30/07
08/08 Alexandros P Taurus
CJ-IX Barramundi Interocean
CJ-X Behdokht Genesis
02/08 Curia Dariya Shpg.
CJ-I Dina Ocean Mihir & Co.
INIXY124070255
T. GYPSUM In Bulk INIXY124070171
INIXY124070253
31/07 Han Yi Parekh Marine China 502 T. Proj Cargo (6 Pkgs) INIXY124070227
CJ-XIII Ince Ilgaz Arnav Shpg. Ukrain
CJ-VI Jabal Hafit JMBaxi
Stream Lorient GAC Shpg.
Stream Maple Tulip Dariya Shpg. America
Stream
T. Yellow Maize In Bulk INIXY124070137
INIXY124070181
INIXY124070242
LIQUID CARGO VESSELS
INIXY124070248 31/07 Bow Platinum GAC Shpg.
Stream Elandra Maple Interocean Bintulu
Stream Eva Fuokoka Samudra
Stream Eva Manila Samudra Taiwan
Stream GAS Nora Ocean Shipping
OJ-I Geum Gang Wilhelmsen Indonesia
Stream GW Dolphin Interocean Argentina
Stream Fortune Jiwon Samudra Thailand
Stream Hafnia Violette JMBaxi Malaysia
Stream Moonbeam Marinelinks
Stream Ocean Pioneer Seaport Services
05/08 Oriental Cosmos Allied Shpg.
OJ-II Penna
Stream
INIXY124070286
INIXY124070165
INIXY124070092
INIXY124070215
INIXY124070167
INIXY124070147
INIXY124070178
INIXY124070258
INIXY124070205
INIXY124070213
INIXY124070260
INIXY124070245
Port Oceana (V-929W) Unifeeder Agency Berbera
DP WORLD MUNDRA
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1)
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, (FEX) TO LOAD FOR INDIAN SUB CONTINENT
03/08 03/08-AM Maersk Cardiff 429W 4072456 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
14/08 14/08-0900 SSL Gujarat 157 SLSSLS Hazira, Cohin, Mangalore, Tuticorin, Mundra. (PIC 1) 15/08 TO LOAD FOR US & CANADA WEST COAST 01/08 31/07-2000 Conti Conquest 028E 24250 ONE ONE (India) Los Angeles, Oakland. (PS3)
02/08-1000 Maersk
SHIPPING
MOVEMENTS AT ADANI HAZIRA PORT
VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
02/08 Spil Citra (V-OUW51W1)
02/08 Spil Kartika (V-2430W)
Car.CB-4 AS Christiana (V-OMTHZW1)(Sailed) Maersk Line/CMA CGM Maersk India/CMA CGM Ag.(I) Africa
02/08 Addison (V-007) Wan Hai/Unifeeder Wan Hai Lines (I)/Unifeeder Jebel Ali
05/08 Wan Hai 316 (V-218) X-Press Feeder Sea Consortium
03/08 Ever Ethic (V-161E) Unifeeder/KMTC Unifeeder/KMTC(I) Far East & 04/08 12/08 Shimin (V-22E) Hapag/Evergreen ISS Shipping/Evergreen Shpg. Colombo
16/08 Seattle Bridge (V-091E) ONE/TS Lines ONE (I)/TS Lines(I)
03/08 ESL Kabir (V-02427S) Emirates / KMTC Emirates Shipping / KMTC India Far East
04/08 Zhong Gu Chang Sha(V-02428S) RCL RCL Agency
02/08 EF Emma (V-967W) Unifeeder/One Unifeeder/One India Gulf
03/08 Grace Bridge (V-2405E)(NSIGT) Global Fdr/TS Lines Sima Marine/TS
16/08 Zhong Gu Hong Zhou (V-24002E) Sinokor/Heung A Line Sinokor India
31/07 Hedwig Schulte (V-430W) CMA CGM/Maersk Line CMA CGM Ag.(I)/Maersk India
11/08 Inter Sydney (V-0161) Interworld Efficient Marine Gulf
Maersk Virginia (V-431W)(NSIGT) Maersk Line
02/08 MSC Silver II (V-XA430A) MSC
Maersk Cape Town (V-431S)(Sailed) Maersk Line Maersk
Yang Ming announces Professor Feng-Ming Tsai as New Chairman
Cont’d. from Pg. 3
H e w a s a n
Assistant Professor in the Department of Logistics Management at National Kaohsiung University of Science and Technology, an Associate Professor, later becoming a Professor, in the Bachelor Degree Program in Ocean Tourism Management and the Department of Shipping & Transportation Management at National Taiwan Ocean University (“NTOU”). Furthermore, he served as the Director of the Internationalized Information and Planning Division in NTOU’s Office of International Affairs. Since 2022, he also held the role of Chairperson of Department of Shipping & Transportation Management of NTOU.
Chairman Tsai’s extensive academic background has advanced policy advocacy in the transportation field He served as the Representative of APEC Maritime Experts Group on behalf of Ministry of Transportation and Communication, as well as the Education & Training Consultant of Academy of Maritime Development at Taiwan International Ports
Corporation. Ltd. Chairman Tsai’s research contributions in developing a container demand forecasting model for container shipping companies, constructing a vessel position information platform, formulating cross-strait direct shipping policies, and innovating in cloud service applications have provided valuable insights into industry trends and advices for public policy.
With Chairman Tsai’s broad academic background and innovative mindset, he has received the approval from all board members to assume the position as Chairman of Yang Ming. His long-term research in transportation and logistics will be instrumental in guiding Yang Ming through the challenges of stricter competition laws, the impacts of climate change, and the trials posed by digital and AI transformation in shipping industry Combined with the diverse expertise in legal, economics, logistics, and transportation of the board members, Yang Ming will be able to pave the way for a sustainable future and continue to sail towards becoming an excellent transportation group.
COSCO SHIPPING partners with Fortescue to promote Green Development of Shipping Industry
BEIJING: COSCO SHIPPING
and Fortescue, a leading global green technology, energy and metal company, inked a memorandum of cooperation in Shanghai on July 25, 2024. Under this MOU, both parties will leverage their respective technological and resource strengths to collectively develop a sustainable green fuel supply chain This initiative aims to advance the shipping industry’s energy structure transformation, foster its eco-friendly growth, and contribute to the realization of a globally interconnected green, low-carbon, and sustainable shipping ecosystem.
As outlined in the MOU, both companies will collaborate on developing technologies to lower emissions and build a green fuel supply chain. This includes the potential for Fortescue to use COSCO SHIPPING vessels or vessels owned by the two parties, powered by green ammonia, to ship iron ore and other mineral products with the aim of reducing China-Australia Iron Ore Green Shipping Corridor’s carbon emissions.
The CEO of Fortescue Metals, Dino Otranto, and Lin Ji, Executive Vice President of COSCO SHIPPING, attended the signing ceremony
This significant event marked a new chapter in the deepening and expansion of cooperation between both parties, building upon the established ChinaAustralia bulk cargo transport collaboration
Fortescue: The shipping industry plays a vital role in global trade however also contributes significantly to the world’s carbon emissions This partnership marks a signif
decarbonizing and establishing a green fuel supply chain It also paves the way for collaboration on a variety of decarbonization solutions which we believe will be integral to delivering on our ambitious target of net zero Scope 3 emissions by 2040 C O S C O S H I P P I N G : S
decarbonization have emerged as a new trend that propels the sustainable development of the shipping industr y COSCO SHIPPING is dedicated to prioritizing these green and low-carbon initiatives as one of its two development tracks By enhancing collaboration with international partners, we aim to c
environmentally friendly, open, shared, and secure industrial ecosystem We are committed to promoting the sustainability and low-carbon evolution of the shipping industry throughout its life cycle ”
Port of Call : Shanghai, Taicang, Ennore, Jeddah, Suez Canal, Montoir, Antwerp, Bremerhaven, Suez Canal, Jeddah, Shanghai
