Mumbai Edition_04-09-2023

CONCOR appoints Shri Sanjay Swarup

as new CMD See Pg. 25

SeasSpeed Container Lines

Pvt. Ltd.

See Pg. 6

APM Terminals Mumbai celebrates 1 million safe manhours at Fit for Future project site

NAVI MUMBAI: APM Terminals

Mumbai informs in its recent communique that, “Safety is at the core of our operations, and we live by that.” “We are thrilled to announce a remarkable milestone of completing one million safe man hours at our “Fit for Future” project sitewithoutLTIason22ndAugust2023.”

Cont’d. Pg. 6

MAERSK : Far East Asia to India Subcontinent - Service Enhancement (FI3)

COPENHAGEN: Maersk has announced the addition of Karachi to the port rotation in enhancedFI3service. Cont’d. Pg. 6

APPOINTMENTS ...Refer Pg. 7

MAERSK : Far East Asia to India Subcontinent - Service Enhancement (FI3)

Cont’d. from Pg. 3

“This newly established connection between Northern Chinese ports and the Indian Subcontinent is strategically designed to ensure uninterrupted accessibility and enhanced connectivity within these strategic trade routes,” informs a recent communique fromMaersk.

“Weremaindedicatedtotheongoingenhancementof both our array of offerings and the dependable schedulingofourservices.”

NewFI3Rotation:

Qingdao – Xingang – Busan – Tanjung Pelepas –

APM Terminals Mumbai celebrates 1 million safe manhours at Fit for Future project site

Cont’d. from Pg. 3

“This indeed is a proud moment for us, as the project required decommissioning and dismantling of 5 STS cranes, onboarding and commissioning of new cranes, soffit repairs work, construction work related to extension of southern approach bridge and all this at the operational site since thepast23months.”

“This was made possible due to the constant vigilance & guidance by the management by regularly following Gemba and safety walk at the site,

proper training, embracing safety and best practices by employees, following stringent protocols, and creating a culture of transparency and ownership amongst the employees.”

“This is a testament to living our value of constant careandourunwaveringcommitmenttoprioritisesafety ofourpeopleandequipment.Thisreinforcesourposition astrustedandreliableterminalintheindustry.

“Kudos to our incredible employees for cross functional collaboration, dedication, attentiveness, and adherence to the safety guidelines to ensure all our colleagues go back home safely to their families every singleday.”

Port Klang – Jawaharlal Nehru – Pipavav – Karachi –Mundra–Colombo–PortKlang–Singapore.

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

Globelink WW

North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos.

North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.

Unifeeder Group Unifeeder Ag. U.K., North Continent & Scandinavian Ports. Dron.2 & TLP

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

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

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

NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from NSIGT

North Continent & Scandinavian Ports. Pun.Conware

FOR

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

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

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

Logistic Ser. Jebel Ali, Bandar Abbas.

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

Shpg. Aiyer Shpg. Jebel Ali.

BSS Bhavani

FOR WEST ASIA GULF PORTS From BMCT

TO LOAD FOR INDIAN SUB CONTINENT from BMCT

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

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

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

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

PORTS from GTI

279646-24/08 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang,

Ag. Port

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

TO LOAD FOR AUSTRALIA

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

LOAD FOR EAST, WEST &

AFRICAN PORTS from BMCT

VESSELS DUE AT MUMBAI FOR EXPORT LOADING

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

Durban, Dakar, Dar Es Salaam, Maputo, Mombasa-T/S at Durban Abidjan, Lagos, Luanda & Other Ports in West Africa T/S at Dakar

OFFICE OF THE COMMISSIONER OF CUSTOMS, (NS-II)

APPRAISING

MAIN (EXPORT),

JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA.

TAL - URAN, DIST - RAIGAD, MAHARAHTRA - 400707.

F. No : S/12-Gen- 32/2022-23 AM (X) JNCH

PUBLIC NOTICE No. 73/2023

Sub. : Launch of ‘e-SAMADHAAN’ portal for redressal of grievances pertaining to exports

This Custom House receives a lot of grievances from Exporters / Customs Brokers on daily basis through various modes viz. letters, e-mails or individual stakeholder visiting the concerned sections personally etc, in respect of various issues relating to exports. After a comprehensive study of types of issues raised by the stakeholders in these grievances, it was noticed that one of the main reasons for such grievances is lack of precise information on the part of the stakeholders.

2. To streamline such grievances from Exporters / Customs Brokers and address them effectively within a timeline, this office has launched an online portal ‘e-SAMADHAAN’. The link of the portal is available on Jawaharlal Nehru Custom House website (http//www. jawaharcustoms.gov.in). The stakeholders can visit the website and enquire about their issues pertaining to exports through the options available in form of FAQs. If the Exporter / Customs Broker raising the grievance is not satisfied with the information available in the form of FAQs, then he can further raise his grievance, which will be addressed by the concerned Section of NS-II (Export) Commissionerate within 48 hours. In case, the issue need intervention from some external agency viz, DGARM/GST Commissionerate/ Directorate General of Systems, etc., the person raising the grievance will receive an interim reply along with the expected timeline to resolve the issue. The stakeholders also have the option to check the status of their grievance.

3. Information is being made available at this grievance redressal portal purely as a measure of public facilitation and it cannot be used for any legal purpose. While every effort has been made to ensure that the information provided through this grievance redressal portal is accurate and up to date, Jawaharlal Nehru Custom House, Nhava Sheva does not hold itself liable for any consequences, legal or otherwise, arising out of use or abuse of any such information.

4. All stakeholders are hereby requested to make optimum use of this facility launched by this Custom House for redressal of the grievances pertaining to exports. Suggestions from stakeholders to improve the functionality of ‘e-SAMADHAAN’ portal are also welcome.

5. Any difficulty noticed in the implementation of this Public Notice may be brought to the notice of the undersigned. Sd/Sanjeev

Kumar Singh

Commissioner of Customs

(NS-II)

OFFICE OF THE COMMISSIONER OF CUSTOMS, (NS-III)

TURANT SHEVA KENDRA, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA. TAL - URAN, DIST - RAIGAD, MAHARAHTRA - 400707.

F. No : S/26-Misc-12/TSK/2020/JNCH

PUBLIC NOTICE No. 74/2023

Sub. : Faceless Assessment-Creation of facilitation Helpdesk-reg

Smt. Mamta Saini (email id mamtasaini.irs@gov.in), Addl.Commissioner of Customs, TSK, NS-III, JNCH, Nhava Sheva has been designated as Nodal Officer to serve a single point for the escalation of the grievance with regards to clearance of Bs/E filed at JNCH, Nhava Sheva requiring urgent attention.

2. Any grievance with regards to clearance of Bs/E filed at JNCH, Nhava Sheva may be brought to the notice of the Addl.Commissioner, TSK, NS-III, JNCH.

Sd/-

Dhirendra Singh Garbyal Commissioner of Customs (NS-III)

India's Exports increased despite recession, registering lowest ination, says Piyush Goyal

COIMBATORE: India's exports increased to 776 billion USD from 500 billion, two years ago, and this spectacular growth was achieved notwithstanding the recession, the Russia-Ukraine war, and the difficult pandemic times, Union Commerce and Industry Minister Piyush Goyal said recently. This remarkable achievement in two years was due to the efforts of Prime Minister Narendra Modi, who felt that both the Centreandstategovernmentsshould collectively work in the spirit of cooperative federalism for the better future of all the citizens, he said while

addressing the Confederation of Indian Textile Industry (CITI's) 11thAsianTextileConference,here.

"Last year was a difficult period. Everybody felt that exports could not be sustained. But after growing from 500 billion dollars to 675 billion dollars in 2021-22, our exports rose to 776 billion dollars from 675 in 2022-23," hesaidandaddedthatthiswasarecord achievement registered in two years' time. "The Covid has not yet gone and despite the Russia-Ukraine war, India was the fastest growing economy, the fifth largest in terms of the size of GDP. The country was able to maintain

thelowestinflation,"hesaid.

Later, speaking to reporters the Minister said the world was going through challenging times with the US, Europe and all other developed nations facingdepressionandrecession.

"EvenChinahasseenafallintheir economic activity. In this situation, I am very proud that our textile industry continues to hold firm and continues to do good work. I have no doubt in my mind that in the future also we will regain the lost glory of India, the lost glory of textile sector of India and Tamil Nadu will be in the forefrontofit,"Goyalsaid.

Govt to tap districts for enhancing Exports : DGFT Santosh Sarangi

NEW DELHI: Director General of Foreign Trade (DGFT) Santosh

Sarangi recently said that the Government will go to the districts to enhanceexports.

Seventy districts in the country account for 80 per cent of the country’s exports total exports, he told reporters at the Indian Chamber ofCommercehere.

In West Bengal, two districts –Darjeeling and Howrah have been identified for the purpose so far.

Darjeeling for tea and Howrah for jewellery and engineering goods. Export plans for them have also been adopted,Sarangiadded.

“Districts have a huge potential for increasing exports. Only 70 districts account for 80 per cent of the total exports of the Country,” he said. DGFT, which is under the Commerce Ministry, formulates the country’s tradepolicyandalsoimplementsit.

Sarangi said India has a huge potential for export of electronic

items, white goods and processed foods and with the kind of growth rateswhichthecountryisclockingfor the last 15 years, it can aspire to become a middle-income economy “verysoon”.

India’s exports to GDP ratio is at 22 per cent now, which is lower than countries like Germany and Taiwan. The series of FTAs which India has signed or is in the process of signing will give greater access to export marketsforIndiangoods,headded.

China emerges second largest exporter of Steel to India

NEW DELHI: India’s import of finished steel from China reached a five-year high in the first four months of FY24. During April-July, China was the second-biggest steel exporter to India, selling 0.6 million metric tonnes, up 62 per cent from the same periodayearearlier.

In all, India imported 2 million metric tonnes of finished steel in the period, the highest since 2020 and up 23 per cent from a year earlier. China, the world’s top steel producer, exported mostly cold-rolled coil or sheets to India. South Korea was the top exporter to India, shipping out

0.7millionmetrictonnesandaccounting for35percentofoverallsteelimports.

India, the world’s second-biggest crude steel producer, was, however, a net exporter of finished steel between April and July, with 2.6 million metric tonnes sold to buyers, including Italy, Spain, Belgium, Nepal and the UAE, thedatashowed.

India’s crude steel production stood at 45.8 million metric tonnes in April-July,up11.5percentfromayear earlier. Consumption of finished steel was 41.2 million metric tons, up 12.2 percentontheyear.

The Government is expected to

extend export benefits under the RoDTEP scheme to iron and steel, chemicals and pharmaceutical sectorsbeyondSeptember30.

In December 2022, the Government extended the benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme to chemicals, pharmaceuticals and products of iron and steel till September 30 this year.

“As exports are not doing good for the last few months, there is a demand to extend it for about six months till March 2024. It is under consideration. Wemayextendit,”officialssaid.

Moody’s raises India’s growth forecast to 6.7% for 2023

MUMBAI: Moody’s Investors Service has raised India’s growth projection for 2023 calendar year to 6.7 per cent citing upside to growth performance helped up robust underlyingeconomicmomentum.

In the Global Macro Outlook 2023-24 (August update), Moody’s said strong services expansion and capital expenditures have propelled India’s 7.8percentrealGDPgrowthinthesecond (April-June)quarterfromayearago.

“Given the robust underlying

economic momentum, we also recognise further upside risk to India’s economic growth performance, Moody’s said while raising its 2023 calendar year growth forecast for India to6.7percent,from5.5percent.

The global rating agency, however, lowered 2024 growth forecast to 6.1 per centfrom6.5percent,citingahighbase of2023.

India’s monsoon season which runs from June to October could also see below average rainfall, resulting in

higher food prices. As of August 29, the India Meteorological Department has estimated a 9 per cent rain deficiencyacrossthecountry.

If El Niño this year proves to be particularly strong in the second half of 2023 and early 2024, agricultural commodity prices could shoot up, Moody’sadded.

The Reserve Bank of India’s monetarypolicycommitteelefttherepo rate unchanged for a third time in August.

GMIS roadshow aimed at unlocking potential of waterways sector in NE: Sarbananda Sonowal

GUWAHATI: A pre-event roadshow will be organized by the Union Ministry of Ports, Shipping, and Waterways and theInlandWaterwaysAuthorityofIndia in Guwahati on August 31 aiming at engagingwithallthestakeholdersofthe maritime sector and inland waterways industry, paving the way for the highly anticipated third Global Maritime India Summit 2023 (GMIS). The event will be inaugurated by the Union Minister of Ports, Shipping, and Waterways, Ayush Sarbananda Sonowal, along with ministersfromtheNortheasternstates.

On the eve of the roadshow, the Union Minister, Sarbananda Sonowal, said, “The immense potential of Northeast India along with our neighbouring countries is a huge opportunity that can be explored to propel growth and development. This roadshow is aimed at unlocking the

potential of the waterways sector in the Northeast as well as avenues in the maritime sector for the growth of the region. As we meet on a common platform, we will be able to discuss, exchange, and examine possibilities from using waterways to various aspectsofthemaritimesector,realizing the potential power of India’s engine of growth,theNortheast.”

Sonowalfurtheradded,“Inspiredby the visionary leadership of the Prime Minister of India, Narendra Modi, the Ministry is organizing the GMIS from October 17 to 19, 2023, at Bharat Mandapam. With the theme ‘Connect, Collaborate, and Create,’ the summit aims to foster a platform for global and domestic stakeholders to explore and harness the immense potential of the maritime sector. I am confident that the discussions and collaborations at this

event will pave the way for a successful GlobalMaritimeIndiaSummit2023.”

Apart from the representatives from each state in the northeast, the meeting is likely to be attended by foreign delegates from Bhutan and Bangladesh. The event is aimed at underscoring the role of inland waterways in exploring possibilities in the maritime sector and engagingincomprehensivedialogueson utilizing waterways for regional growth and equipping regions access to maritime infrastructure, trade, and development. As the maritime world gears up for the Global Maritime India Summit 2023, the Ministry of Ports, Shipping, and Waterways invites all interested parties to join the Guwahati roadshow and become a part of this transformative journey towards a more connected and collaborative maritime future,statedapressrelease.

Global manufacturers aim to turn India into an Export hub

NEW DELHI: Global automakers are looking to turn India into an export hub, as people are shifting from local demand to pricier vehicles and that may spur more ‘India-first’ models,NikkeiAsiareported.

India had already surpassed Japan and become the world’s thirdlargest car market and now it seems that they are turning the global manufacturers towards them. As Indian drivers are opting for more expensive cars, global manufacturers are also designing the automobile for India.

In a conversation with Japanbased Nikkei Asia newspaper, Frank Torres, president of Nissan India said that the Japanese automaker “wants touseIndiaasabighubforexports.”

Nissan, which is currently exporting the Magnite SUV, is planning to start the left-hand drive variantsoftheSUVintheMiddleEast andLatinAmerica.

Nissan and its partner Renault committed USD 600 million this year to roll out six new cars, including electricvehicles,thatwillgoonsalein 2025. All those models will be exported,asperNikkeiAsia.

“Export [from India] is one of the pillars of our strategy,” Torres said. “It is not only to increase the revenue but also increase our [production] capacityutilization,”headded.

Analysts say the shift in local demand from small, inexpensive cars to higher-quality vehicles could encourage other global automakers to plan more “India-first” models that areeventuallyexported.

“Carmakershavelearntthatifyou make a compelling product, Indians are not averse to it,” said Harshvardhan Sharma, head of automotive retail practice at Nomura Research Institute. “Manufacturers need not plan track one for India and track two for the global markets, as

the Indian market is quite in sync and harmonized with global markets,” Sharmaadded.

India’s lower-cost cars are another potential advantage for an export-focusedapproach.

Piyush Arora, Managing Director and CEO at Skoda Auto Volkswagen, told Nikkei Asia that the India unit will spearhead the Group’s expansioninSoutheastAsia.

The country has an extensive network of domestic component suppliers and comparatively cheap labour. The Automotive Component Manufacturers Association of India saidinareportearlierthismonththat the auto parts sector grew about 33 per cent in fiscal 2023 to about USD70billion.

Analysts say increasing exports is crucialforglobalcarmakersthathave been overshadowed by local rivals such as Maruti Suzuki, Tata Motors andtheMahindraGroup,asreported.

DPIIT reduces 40,000 compliance burdens for enhancing EoBD : Joint Secretary, DPIIT

NEWDELHI: Ms.ManmeetNanda, Joint Secretary, Department for Promotion of Industry and Internal Trade(DPIIT),MinistryofCommerce & Industry reiterated that the Government’s practices and policies focusontheuseoftechnologyforeaseof doing business. She highlighted that the Department has been able to reduce forty thousand regulatory compliance burdens. She mentioned that shortly a report on the “Cost of Regulations” will be released. Further she mentioned that comments and perspectives of the developing and emerging nations have been put forward for the World Bank’s “Be Ready” report which is in the pipeline. She also shared that due to

extensive consultations with various departments, the Central Pollution Control Board announced that ‘Extended Producer Responsibility’ (EPR) once granted will not require renewal, adding to the ease of doing business initiativesbyDPIIT.

Ms. Nivruti Rai, MD & CEO, Invest India emphasized the importance of technology in helping India boost its GDP since it lowers costs and makes doing business easier. She also emphasized the importance of “capitalizing on opportunities” for India, in particular for its sixty million MSMEs. Given the enormous scale of MSMEs in India, their technological skills must be upgraded and access to

the market should be enhanced. She stressed upon the “Jan-Dhan Aadhar Mobile (JAM) Trinity”, thestrength thatIndiaisleveragingfor makingitsmarkintheworld.

India has been the fastest growing economy among the major economies. India is ahead of China in terms of GDP and exports. According to IMF data, China will be growing at 4.1% (average) whereasIndia’sgrowthratewillbe6.1% (average) from 2023 to 2028. India was the world’s 10th largest economy in 2014, but now it stands at fifth spot with GDP size of USD 3.7 trillion (2023), as it now India attracts a great chunk of FDI.SoonIndiawillbea100billionUSD FDIdestination,saidMr.SaketDalmia.

Jaya Varma Sinha takes charge as Chairperson and CEO, Railway Board

She is the first woman to be appointed to this Apex post of Indian Railways

NEW DELHI: Smt. Jaya Varma Sinha took over the charge of new Chairperson and Chief Executive Ofcer (CEO), Railway Board (Ministry of Railways) in Rail Bhavan. The Appointments Committee of the Cabinet approved the appointment of Smt. Jaya Varma Sinha as Chairperson & CEO of Railway Board. She is the first woman to be appointed to this Apex post of Indian Railways.Priortothis,Smt.JayaVarmaSinhahasworked as Member (Operations and Business Development), Railway Board. Smt. Sinha was responsible for the overall transportation of freight and passenger services on Indian Railways.

Smt. Jaya Varma Sinha joined the Indian Railway Traffic Service (IRTS) in 1988. In her career of over 35 years in Indian Railways, she has worked on various important posts like Member (Operations & Business Development) Railway Board, Additional Member, Traffic Transportation, Railway Board. She has worked on

diverse verticals spanning operations, commercial, IT and vigilance. She was also the first woman to be appointed as the Principal Chief Operations Manager of South Eastern Railway. She had worked as the Railway Advisor in the High Commission of India in Dhaka, Bangladesh during which the famous Maitri Express from Kolkata to Dhaka wasinaugurated.

Smt. Sinha is an alumnus of Allahabad University, and hasakeeninterestinphotography.

Global rice exports could fall 4% due to India’s export restrictions

OSLO: Global rice exports could fall by at least 4% in 2023 because of India’s restrictions onexportsandElNiño’simpactonsupply. Replacing India’s rice exports is challenging, as India accounts for almost 40% of the world’s export of rice. Low rainfall caused by El Niño is also weakening the outlook for global rice exportsin2024.

Tocombatinflationandhighdomestic food prices, the Indian government has gradually restricted rice exports. In July 2023, the Indian government expanded its previous export ban on broken rice to include all non-basmati white rice. This caused global rice prices to rally to their highest level in over a decade. Last week, a minimum price for basmati rice exports was imposed and export duties were added to parboiled rice exports, whichcouldfurtherinflateglobalriceprices.

Despite concerns that other rice exporters would follow India’s export restrictions, so far only Myanmar has

imposed a temporary 45-day ban on exports. Due to the higher prices, other exporters such as Thailand, Vietnam, and Pakistan have instead increased exports. However, this has not been enoughtosubstituteIndia’sreduction.

While rice constitutes under 1% of dry bulk cargo, India’s export restrictions will add further pressure to the already tight global grain supplies. Overall, we estimate global grain shipments will fall between 1.5% and 2.5%in2023.

Rice is transported by smaller bulk ships in the handysize and supramax segments. Compared to other bulk commodities, rice export volumes are small and there are no large import countries. Due to the lower volume transported to most destinations, ricecanalsobetransportedincontainers.

According to the United States Department of Agriculture (USDA), global rice exports could decline by anadditional3%in2024.

Amazon partners with Railways & Post to enhance digital economy, exports and drive cross-border logistics

BENGALURU: E-Commerce giant Amazon announced its partnerships with Indian Railways and the Indian Postal Department to accelerate deliveries and strengthenitsnetworkinthecountry.

Amit Agarwal, the Chief Executive Ofcer of Amazon India, announced at Amazon Smbhav Summit 2023, that with the partnership with the Indian Railways, the ecommerce company would be able to use freight corridors toacceleratedeliveriesinIndia.Reportedly,Amazonaimsto introduce AI-based seller assistance and open logistics capabilities for D2C brands. The company’s $15 billion investment in India by 2030 supports these efforts. A commemorative postal stamp symbolizing the partnershipwasrevealed,focusingondigitalizingmillionsof smallbusinessesforeconomicgrowthandglobalaccess.

“This partnership will enable exports of billions of dollars,” said Abhinav Singh, Vice President, Amazon India. He noted that sellers will be able to drop their

products at 600 locations across the country from where theycanbeexportedacrosstheworld.

Vineet Pandey, Secretary at Department of Posts and Chairperson, Postal Service Board, noted, “India Post will help MSMEs and artisans take their productsacrosstheglobe.”

This MoU is said to facilitate and simplify the international payments, customs clearance, end to end logistics support, etc. for small sellers interested in exportingtheirproducts.

Apart from the Postal Department, Amazon plans to leveraging the freight corridors of the Indian Railways to strengthen its network and reach remote sellers. This has made Amazon the first Indian e-commerce company to leveragefreightcorridors.

It is worth noting that earlier this year Amazon CEO AndyJassymetwithIndianPrimeMinisterShriNarendra Modi,alongwithAmazonIndiaCEOAmitAgarwal.

SHIPPING MOVEMENTS AT DEENDAYAL PORT

TODAY’S TIDE 04/09/2023

VESSELS IN PORT & DUE FOR EXPORT LOADING

SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.

VESSELS IN PORT & DUE FOR IMPORT DISCHARGE

GENERAL CARGO VESSELS

LIQUID CARGO VESSELS

KANDLA INTERNATIONAL CONTAINER TERMINAL (KICT)

SHIPPING MOVEMENTS AT ADANI PORT

ADANI PORTS & SEZ LTD. (APSEZ) MUNDRA

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

TO LOAD FOR U. K. NORTH CONTINENT, MEDITERRANEAN, BLACK SEA, RED SEA, EAST EUROPE & CIS PORT

ADANI MUNDRA CONTAINER TERMINAL (AMCT)

ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)

SHIPPING MOVEMENTS AT GUJARAT PORTS PORT PIPAVAV

OTHER PORTS OF GUJARAT

IMPORTER'S GUIDE

VESSELS DUE / IN PORT FOR IMPORT DISCHARGE

NSICT

NSIGT

One Hangzhou Bay (V-052E) 02-09-2023 Pipavav

Northern Diamond (V-335E) 03-09-2023 Pipavav

One Matrix (V-079E) 04-09-2023 Colombo

MSC Ines (V-IW334A) 30-08-2023 Colombo

MSC Rafaela (V-JD334R) 31-08-2023 Jebel Ali

X-Press Antares (V-23005E) 31-08-2023 Karachi

Jakarta Voyager (V-E306) 31-08-2023 MICT

KMTC Hochiminh (V-02308E) 31-08-2023 AICT

Maersk Gibraltar (V-334W) 01-09-2023 Salalah

CONCOR appoints Shri Sanjay Swarup as New CMD

N E W D E L H I : Container Corporation ofIndia (CONCOR) has

Shri Sanjay Swarup as its New Chairman and ManagingDirector.

The Government named Shri Sanjay Swarup the Chairman and Managing Director of the company, the public sectorundertakingtoldexchangesonAugust31.

The Director of International marketing and

operations at Container Corporation, Shri Swarup brings a wealth of experiencetohisnewrole.

With this elevation, he will be responsible for overseeing the overall operations and management of the company

Concor plays a vital role in facilitating tradeandlogistics,bothdomesticallyand internationally. Swarup’s appointment is seen as a strategic step to further enhance the company’s operations and strengthen its position in the industry

E-commerce set to drive country’s logistics industry

NEW DELHI : The global logistics market size was accounted for $ 7.98 trillion in 2022. This is expected to be worth around $ 18.23 trillion by 2030 with a noteworthy CAGR of 10.7% from 2023 to 2030.

One of the key factors that is positively influencing the market is the booming e-commerce industry, backed by availability of high-speed network connectivity The need for effective logistics services is rising as the ecommerce industry grows Furthermore, the market is being driven byashiftincustomerpreferencetowardonlinepurchases.

Online retail networks provide convenient home delivery facilities, which aid in market expansion. Aside from that, manufacturers are aiming for green logistics solutions to diminish environmental impact as well as improve their business’s green credentials. Nowadays, the logistics industry is experiencing a significant shift toward digitization and automation. Logistic companies are increasingly adopting technologies such as internet of things (IoT), Artificial Intelligence (AI), machine learning and robotics to streamline operations, improving efficiency and reduce cost This includes warehouse automation, autonomous vehicles, predictive analysis, and others.

Waterways transportation is also called as inland waterways transportation and it refers to movement of goods and passenger through rivers, canals, lakes, and coastal waters. Water transport is generally costeffective and comes in handy when transporting large volume of goods over a long distance and it has high carrying capacity. Hence, the demand for water transportation is increasing. Such factors are driving the growth of global logistics market in the forecast period.

Logistics provides numerous benefits, including improved delivery performance, lower operational costs, and higher levels of customer satisfaction. As a result, many manufacturers and retailers around the world consider it a critical aspect of their business Additionally, it contributes to an organization’s competitiveness in terms of flexibility, delivery, quality, and cost.

Globalization is a new factor driving market growth, with many multinational corporations outsourcing logistics results. Furthermore, logistics enables organizations to separate different stages of a manufacturing process across multiple countries Itreducesthetotalcostofmanufacturing.

In their bid to boost profitability and viability, transportation and logistics companies around the world are concentrating on improving supply chain efficiency Common governance guidelines are necessary for the logistics sector For better understanding, based on the end use, the logistics market is divided into healthcare, manufacturing, aerospace, telecommunication,

government and public utilities, banking and financial services, retail, media and entertainment, technology, trade and transportation and other end uses.

It is expected that the manufacturing segment will dominate market for logistics. Demand for industrial manufacturing services is increasing, leading to the segment’s anticipated expansion. Numerous businesses had already turned to local suppliers to preserve costeffective manufacturing Quality and customer happiness remain top priorities, despite efforts to cut production costs. Keeping the right inventory on hand for quick production rates requires logistics management and cost reduction.

On the other hand, the retail category is anticipated to be the fastest growing category in the logistics market. Rapid growth is being seen in the retail industry Retail e-commerce last-mile delivery solutions are anticipated to boost the retail logistics sector Consumers compare items based on delivery time, costs, specifications, features, and compatibility needs from numerous internet sources, which is a disadvantage for wholesalers or brick-and-mortar businesses. These advantages over physical stores are pushing the retail e-commerce industry ahead, and this trend is projected to continue in the years to come.

Asia Pacific, which has dominated the market, is anticipated to grow at the fastest rate over the forecast period. Rising e-commerce tendencies and a region that is becoming more reliant on it are driving the market’s growth. Furthermore, the area is spending money on logistics-related research and development.

The region’s potential infrastructure and labour pool also present a significant opportunity to grow this sector Its logistics market is expanding due to rising demand for exports, imports, and in-country logistics to carry out efficient deliveries. For instance, the Indian logistics market is expanding at the fastest rate in the sector, despite the industry’s overall $160 billion market and 22 million people. India is also well-known for its current concentration on development projects and infrastructure growth.

Furthermore, the country is going through a digital transition, which would probably alter the market’s picture. Asia Pacific region is expected to experience the fastest growth over the projected 2023–2030.

The lack of government involvement and the absence of regional organizations, that may actively launch and coordinate global logistics standardization activities, have hampered the level of logistics standardization in European nations like the United Kingdom, France and Germany Every vendor is able to offer the majority of solutions in one package due to the common standardization in logistics management.