receives First Mother Ship at VizhinjamIndia’s first deep water Container Transhipment Port
• Docking of MV San Fernando ship, with a capacity of 9000 TEUs marks India’s foray into Next Gen World Class Port Infrastructure: Shri Sonowal
• “Beginning of a new era in the ports sector of the country as Vizhinjam opens up huge opportunity as envisioned by PM Narendra Modi”
• Fulfils the vision of ‘Make in India,’ the Vizhimjam port puts into action the PM Gati Shakti National Logistics Policy as well as Maritime Amrit Kaal Vision 2047: Shri Sonowal
THIRUVANANTHAPURAM: The Union Minister of Ports, Shipping & Waterways, ShriSarbanandaSonowal received the first Mother Ship ‘MV San Fernando’ marking the beginning of operation at India’s First deep waterContainertranshipmentportin Vizhinjam,Kerala.
The ship, with a capacity upto 9000 TEUs, docks at India’sfirstautomatedportwhichisequippedwithstateof the art that offers large scale automation for quick turnaround of vessels including capacity to handle MegamaxContainerships.
Cont’d. Pg. 6
India to develop World-Class Ports in Maharashtra, Andaman & Nicobar to boost Maritime Leadership : Sarbananda Sonowal
NEW DELHI : Union Minister of Ports, Shipping & Waterways, ShriSarbanandaSonowal, announced ambitious plans for India’s maritime future, asserting that the country is on track to become a leading maritime nation under the dynamic leadership of PrimeMinisterShriNarendraModi.
Shri Sonowal emphasized the necessity of establishing world-class facilities to accommodate all types of vessels at Indian ports. “This is a good development for the country,” he stated, highlighting the strategic importance of enhancing port infrastructure.
Cont’d. Pg. 10
Sarbananda Sonowal receives First Mother Ship at VizhinjamIndia’s first deep water Container Transhipment Port
• Docking of MV San Fernando ship, with a capacity of 9000 TEUs marks India’s foray into Next Gen World Class Port Infrastructure: Shri Sonowal
• “Beginning of a new era in the ports sector of the country as Vizhinjam opens up huge opportunity as envisioned by PM Narendra Modi”
• Fulfils the vision of ‘Make in India,’ the Vizhimjam port puts into action the PM Gati Shakti National Logistics Policy as well as Maritime Amrit Kaal Vision 2047: Shri Sonowal
Cont’d. from Pg. 3
The Chief Minister of Kerala, Shri Pinari Vijayan wasalsopresentontheoccasion.
Speaking on the occasion, Shri Sonowal said, “Today is a historic day for the maritime sector of India as the maiden mothership docks at Vizhinjam, India’s first truly deep water International Container Transhipment terminal. This is the testament of the vision of ‘Make in India’ where a PPP collaboration amongGovt.ofKerala,Govt.ofIndiaaswellastheAdani Port SEZ has created a wonderful asset for growth of India’s maritime sector. Under the visionary leadership of Prime Minister Shri Narendra Modi ji, India is equipping and enabling entrepreneurial ventures and collaborating as and when required to build capacity for the cause of nation building. This wonderful achievement marks the beginning of a new era in the ports sector of the country. This is a big step towards realisation of the vision of PM Narendra Modi ji of creating world class port infrastructure in the country. In the same spirit of nation building, our ministry, under the visionary guidance of PM Narendra Modi ji, is working towards execution of Mega Port Projects including All Weather Deep Draft Port at Vadhavan in Maharashtra and International Container Transhipment Terminal (ICTT) at Galathea Bay in a missionmode.”
Vizhinjam Port is a strategic maritime project near Thiruvananthapuram in Kerala. This is the first Greenfield port project in India, initiated by a state Government with an investment exceeding Rs. 18,000 crores. Developed under the Public Private Partnership (PPP) mode, it stands as one of the largest initiatives in the country's port sector. Vizhinjam's strategic location near international shipping routes significantly reduces transit times for vessels, making it a pivotal point for maritime trade. As one of India's few natural deep-water ports, it can efficiently accommodate large cargo and
container ships. The development of the Vizhinjam International Seaport is poised to boost Kerala's economic growth by creating jobs, enhancing trade, and attracting investments. Ongoing infrastructure projects aim to equip the port with state-of-the-art facilities, including modern container terminals, warehouses, and logistics parks. Vizhinjam is set to become a key player in regional trade, potentially serving as a gateway for commerce between Southeast Asia,theMiddleEast,andAfrica.
Speaking further, Shri Sonowal added, “Under the dynamic leadership of Prime Minister Shri Narendra Modiji, India has fast tracked development of ports sector in the country, as we aim to become top maritime global power in the years to come. Today, with the operationalisation of Vizhinjam port, India is poised to reap opportunity it creates in the region, and bringing healthy competition with Colombo and Singapore transhipment hubs. The Government remains committed to enable and equip India’s maritime sector as projects worth more than Rs. 24,000 crores are being implemented in Kerala under the Sagarmala projectthe flagship programme of the Ministry of Ports, Shipping & Waterways. With dynamic global scenario impacting the maritime sector, this port offers a viable alternative and an option to major shipping lines to mitigatethedisruptionsintheglobalsupplychain.”
Indian Register of Shipping announces the superannuation of its
Managing Director Mr. Vijay Arora
MUMBAI: Indian Register of Shipping (IRS) announces the superannuation of Mr. Vijay Arora, Managing Director, after completing 34 years of dedicated service. Mr. Arora retired from his position on June30,2024. Throughout his tenure, Mr. Arora has made invaluable contributions to the organization, leading with vision and commitment. He has been instrumental in ensuring that we consistently uphold the highest standards of maritime safety and excellence even while ensuring acceleratedandrobustfleetgrowthintherecenttimes.
IRS hosted a farewell function to honour Mr. Arora's remarkable career and celebrate his achievements.
The event provided an opportunity for colleagues to commemorate his long service, share cherished moments,andextendtheirheartfeltwishesforhisfuture endeavors.
19/0720/07
TBA TBA Adyogan 2428W Q0719 1094885-21/06 MBK Line MBK Logistics Jeddah, Kumport (India Med Service)
22/0723/07 TBATBA GFS Spphire 039 MAS Diamond Marine
17/0718/07
24/0725/07
TBA TBA Maersk Virginia 429W Q0797 300343-01/07 Maersk Line Maersk India Djibouti, King Abdullah, Jeddah (Blue Nile) Maersk CFS
LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES
Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1
Kotak Global Kotak Global US East, West & Gulf Coast 18/0719/07 17/07 1000 MSC Pamela IU428A Q0851 1096267-08/07 MSC MSC Agency New York, Charleston, Huston, Freeport. Hind Terminals 25/0726/07 24/07 1000 MSC Sindy IU429A Kotak Global Kotak Global US East, West & Gulf Coast (INDUS) 18/0719/07 17/07 1000 MSC Laurance IS426A Q0826 1095946-03/07 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, Hind Terminals
28/0729/07 28/07 1100 MSC Emanuela IS427A
Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 08/0809/08 08/08 1100 MSC Altair IS430A
Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express)
Globelink Globelink WW USA, East & West Coast. (Himalaya Express)
19/0720/07 18/07 1600 MSC Ruby IP429A Q0866 1096406-09/07 MSC MSC Agency Boston, Philadelphia, Miami, Coronel, Guayaquil, Cartagena, Hind Terminals 26/0727/07 26/07 0900 MSC Chiara X IP430A Indial Indial Shpg. San Antonio,Arica,Buenaventura,Callao,La Guaira,Paita, 02/0803/08 02/08 0900 MSC Roma IP431A
Puerto Cabello, Puerto Angamos, Iquique Santiago De Cuba, Mariel (EPIC / IPAK)
Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. AMI Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
from GTI
In Port 15/07 Hyundai Hongkong 0001 Q0836 300595-04/07 ONE Line ONE (India) New York, Jacksonville, Savannah, Charleston, Norfolk 28/0729/07 TBA TBA One Modern 071E HMM HMM Shpg. (WIN/IAX) Seabird CFS
15/0716/07 15/07 0600 One Reliability 005E Q0752 300081-25/06 ONE Line ONE (India) USA, East & West Coast, USA, South & Central America 18/0719/07 TBA TBA Cap Andreas 012E Q0753 300082-25/06 & Caribbean Ports, Canada.
21/0722/07 TBATBA X-Press Antlia 24004E Q0843 300690-05/07 Globelink Globelink WW USA, Canada, Atlantic & Pacific, South American &
15/0716/07 15/07 1000 Pusan 32E Q0718 299798-20/06 OOCL OOCL(I) USA East Coast & Other Inland Destinations. GDL 21/0722/07
23/0724/07
TBA TBA Aka Bhum 022E Q0822 300513-03/07 RCL RCL Ag USA East Coast & Other Inland Destinations.
TBA TBA OOCL Hamburg 151E Q0886
01/0802/08 TBA TBA OOCL Luxembourg 111E
COSCO COSCO Shpg. US West Coast.
Yang Ming Yang Ming(I) US West Coast. China India Express III - (CIX-3) Contl.War.Corpn. ICC Line Neptune US East, West Coast, Canada, South & Central American Ports. GDL-3 &
Cautin 2426W Q0817 300511-03/07 CMA CGM CMA CGM Ag. New York, Norfolk,
VESSELS DUE AT
TO LOAD FOR WEST ASIA GULF PORTS From NSICT
2413W Q0651 1094192-13/06 Asyad Line Seabridge Salallah. (IEX)
Inter Sydney 0160 Q0849 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM) Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar. 23/0724/07
16/07 0900 Interasia Momentum E047 Q0793 300367-01/07 Wan Hai Wan Hai Lines Colombo. (CI2)
Dron-1 & Mul CFS
15/0716/07 15/07 1000 Pusan 32E Q0718 299798-20/06 OOCL OOCL (I) Colombo. GDL 21/0722/07 TBA TBA Aka Bhum 022E Q0822 300513-03/07 Star Line Asia Seahorse Yangoon.(CIX-3) Dronagiri-3 17/0718/07
TBA TBA One Arcadia 069E Q0787 ONE Line ONE (India) Colombo. 20/0721/07
TBA TBA One Theseus 088E Yang Ming Yang Ming(I) (PS3 Service) Contl.War.Corpn. 25/0727/07 TBA TBA Conti Conquest 028E Hapag/CSC ISS Shpg/Seahorse ULA CFS/ 02/0803/08
Conti Crystal 137E
In Port 15/07 Ever Envoy 189E Q0747 300037-25/06 ONE/KMTC ONE(I)/KMTC(I) Karachi, Colombo —/Dron-3 28/0729/07
TBA TBA Zhong Gu Nan Ning 2404E Q0868 300934-09/07 X-Press Feeders SeaConsortium (CWX/CIX5) 02/0803/08
TBA TBA Dimitris Y 246E HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS
15/0716/07 16/07 0900 Interasia Momentum E047 Q0793 300367-01/07 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS
19/0720/07
26/0727/07
02/0803/08
TBA TBA Wan Hai 515 E092 Q0841 300668-05/07 COSCO COSCO Shpg. Ningbo, Shekou.
ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.
COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo. (CIX-3)
TBA TBA One Arcadia 069E Q0787
Gold Star Star Ship Singapore, Hong Kong, Shanghai.
ANL CMA CGM Ag. Port Kelang, Singapore
Dron.-3 & Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2
ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 20/0721/07
TBA TBA One Theseus 088E
Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou.
Contl.War.Corpn. 25/0727/07
TBA TBA Conti Conquest 028E
HMM HMM Shpg.
Seabird CFS 02/0803/08
TBA TBA Conti Crystal 137E
Samudera Samudera Shpg.
Dronagiri (PS3 Service)
Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai Ocean Gate 17/0718/07 17/07 0600 Wan Hai 507 E224 Q0809 300421-02/07 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dronagiri-1 24/0726/07
TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT
In Port 15/07 Ever Envoy 189E Q0747 300037-25/06 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou 28/0729/07
TBA TBA Zhong Gu Nan Ning 2404E Q0868 300934-09/07 X-Press Feeders SeaConsortium (CWX/CIX5) 02/0803/08 TBA TBA One Matrix 090E
KMTC/TS Lines KMTC(I)/TS Lines(I) Dron-3/Dron-2 03/0804/08 TBA TBA X-Press Capella 24005E Gold Star Star Ship 11/0812/08 TBA TBA TS Keelung 24003E RCL/PIL RCL Ag./PIL India
17/0818/08 TBA TBA X-Press Pisces 24006E Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 15/0716/07 15/07 0800 Najade E062 Q0783 300236-28/06 Wan Hai Wan Hai Lines Port Kelang, Jakarta, Surabaya Dronagiri-1 21/0722/07
Carting Line Agents Will Load For Name No No & Dt Point
TO LOAD FOR UK, NORTH CONT, SCAN, BLACK SEA, EAST EUROPE & CIS PORTS
17/0718/07
Alliance Fairfax 115 1096050-04/07 Hoegh Autoliners Merchant Shpg. Antwerp, Southampton Ports- T/S at Kingston. TO LOAD FOR MED / RED SEA & WEST ASIA GULF PORTS
In Port 18/07 Royal I MK2427E 300904-09/07
Mitsutor Mina Khalifa. TO LOAD FOR USA, CANADA, ATLANTIC & PACIFIC, SOUTH-CENTRAL AMERICA & WEST INDIES PORTS
m.v. “EVER ENVOY” V - 189W I.G.M.No. 2382292 DTD. 11/07/2024
The above vessel has arrived at NHAVA SHEVA (BMCT), INDIA on 14-07-2024 with import cargoes from ports CHANGSHA, DAMAIYU, NANJING, NINGBO, PORT KLANG NORTHPORT, SHANGHAI, SHEKOU, SINGAPORE also transshipment cargo of following Ex. Mother vessels:
Item No. and Bills of lading Nos. are as mentioned below :
Consignees are requested to present Original Bills of Lading duly discharged and obtain Delivery Order on payment of all charges as applicable. Detention charges where applicable will be charged as per tariff.
Consignees are also requested to note that the carriers and/or their Agents are not bound to send individual notifications regarding arrival of the vessel or the goods.
Note
PM interacts with Eminent Economists
NEW DELHI : The Prime Minister, Shri Narendra Modi recently interacted witheminenteconomistsatNITIAayog.
The Prime Minister posted on X : "Interacted with eminent economists and heard their insightful views on issues pertainingtofurtheringgrowth."
Govt pushes for PPP model to enhance Multi-Modal Logistics Parks
NEW DELHI : In a move to bolster the Country’s logistics infrastructure, the Government announced recently that it will actively promote the Public-Private Partnership (PPP) model on a project-specific Special Purpose Vehicle (SPV) basis to expand the Multi-Modal Logistics Parks (MMLPs)networkacrossthenation.
This initiative aims to streamline logistics, reduce costs, and position India as a competitive player in the global market,supportingthecountry’sambitiousjourneytowardsa USD5trillioneconomy.
At an event organized by the Indian Chamber of Commerce (ICC), Sagar Kadu, Director of Logistics at the Ministry of Commerce & Industry, emphasized the transformative potential of the PPP model. He stated, “The PPP model is a game-changer for infrastructure, enhancing efficiencythroughcollaborationandrevenuesharing.
WithMMLPs,weaddressindustrydemandsandsupport our economic goals by integrating logistics and reducing indirect costs. This model promotes competitiveness and sustainability, ensuring reliable connectivity and advanced facilities. By consolidating services like cold storage, value addition, and customs, MMLPs pave the way for a streamlined,efficientlogisticssystem.”
Karunakaran Sathianathan, Independent Director at National Highways Logistics Management Limited, Ministry of RoadTransportandHighways,alsospoke at the ICC event, highlighting the significance of MMLPs in reducing logistics costsandfosteringprivatesectorparticipation.
“The MMLP concept marks a pivotal step in reducing logistics costs by integrating transportation and providing efficient rail-road connectivity. Despite the high costs
associated with rail transport in India, MMLPs promise to enhance efficiency by consolidating land and streamlining regulatory approvals. The collaboration between the private sectorandGovernmentiscrucialtoovercomingchallengesin land acquisition, rail connectivity, and customs approvals. With the right decisions, MMLPs can significantly lower logistics costs and attract investments in the manufacturing sector, positioning India as a competitive global player. The success of MMLPs hinges on robust policies and private sectorexpertise,”Henoted.MMLPsisakeypolicyinitiativeof the Government of India, led by National Highways Logistics Management Limited under the Ministry of Road Transport and Highways (MoRTH) and the National Highways AuthorityofIndia(NHAI).
This initiative aims to develop Multi-Modal Logistics Parks in a hub-and-spoke model to improve the country’s freight logistics sector by lowering overall freight costsandtime,cuttingwarehousingcosts,reducingvehicular pollution and congestion, and improving the tracking and traceability of consignments through infrastructural, procedural,andinformationtechnologyinterventions.
“The Government’s strategic push for the MMLP initiative underscores its commitment to developing worldclass logistics infrastructure. The integration of road and rail networks, coupled with value-added services, is expected to not only boost domestic trade but also enhance India’s export competitiveness.
This comprehensive approach will address current logistical challenges, reduce indirect costs, and pave the way for a more efficient and sustainable logistics ecosystem in India,”saidDebmalyaBanerjee,RegionalDirector,ICC.
The 13th Edition of The India Warehousing Show (IWS) Set to Transform the Logistics Industry
• InauguratedbyShriSurendraAhirwar,JointSecretaryLogis cs & Trade,Ministryof Commerce& Industry
• Joint Secretary, The Logis cs & Trade, Ministry of Commerce & Industry emphasized the transforma ve changes in India's logis cs sector such as the integra on of technology and humanskills,whichhassignificantlyenhancedefficiencyinthesupplychain
NEW DELHI : The India Warehousing Show (IWS) organized by RX India, is poised to make a significant impact in the warehousing sector with its 13th edition. The show was inaugurated by Shri Surendra Ahirwar, Joint Secretary Logistics & Trade, Ministry of Commerce & Industry at Yashobhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi. IWS continues to be a cornerstone event for warehousing, material handling, logistics, automation, and supply chain professionals bringing the entireindustrytogetherunderoneroof.
The inauguration ceremony was graced by Shri Surendra Ahirwar, Joint Secretary Logistics & Trade, Ministry of Commerce & Industry, Kamlesh Gosai, Executive Director /Gati Shakti (Traffic), Railway Board (Ministry of Railways), H. N. Aswath, Development Advisor, Ministry of Ports, Shipping and Waterways, SagarKadu, Director Logistics, Ministry of Commerce & Industry,GovernmentofIndia.
Speaking during the keynote address Shri Surendra Ahirwar,JointSecretaryLogistics&Trade,Ministryof Commerce & Industry emphasized the transformative changes in India's logistics sector, such as the integration of technology and human skills, which have significantly enhanced efficiency in the supply chain. He further added " Exhibition and Conferences like the India Warehousing Showarecrucialcatalystsforbrainstorming,ideation,and innovation.Wearewitnessingsignificantadvancementsin digitalization, infrastructure, and investments in the logistics sector every month. As we look towards 2047, our collectiveeffortsacrossgovernment,industry,andcitizens aim to establish India as a developed nation. The international exchange at India Warehousing Show fosters sharing of technology, knowledge, and best practices,drivingforwardourlogisticsindustry."
Speaking during the welcome address Mr. Umang Gupta, Country General Manager, RX India, appreciated the presence of Hon’ble Government dignitaries and industry leaders. He further added “Thewarehousing&logisticssector'sgrowingimportance to the national economy necessitates collaboration across
the economic value chain and a focus on technological advancements for sustained growth. Over the years, the India Warehousing Show has become the premier event uniting policymakers, technology providers, and infrastructure stakeholders. The 13th edition is dedicated to navigating the evolving policy and technology landscapes, connecting stakeholders crucial to the future of warehousing & logistics. We at RX India aim to connect all stakeholders vital to the next stage of warehousing & logistics"
The 13th edition of India Warehousing Show witnessed participation from 250 exhibitors.RX India aims to offer an immersive experience and platform where participants can witness the latest technological advancements and live product demonstrations from the biggest national and international companies providing solutions for storage, transportation, and logistics customers. The event also showcases a series of expertled panel discussions, industry talk shows and networking sessions with industry leaders specifically designed to provide valuable insights into the logistics, warehousing, andsupplychainindustries.
Attendees had an opportunity to engage in a series of discussionswithGovernment&Industrydecision-makers on topics such as the National Logistics Policy, optimizing logistical costs, AI and Industry 4.0 in supply chain efficiency, and sustainability in logistics. Notable sessions also include discussions on women in leadership roles within the logistical sector and the impact of e-commerce and Q-commerce on consumer experiences. The state-ofthe-art Yashobhoomi venue offered cutting-edge facilities and ample space, making it an ideal environment for industry professionals to connect, collaborate, and drive innovation.
The exhibition saw participation from leading players like DP World, APL ApolloSteel Pipes, Cushman &Wakefeild, Mitsubishi Electric, Nido Automation, Gandhi Automation, Action Construction Equipment, Avery Dennision and Gaurang Steel to nameafew.
Global demand for Ocean Container Shipping hits all-time high
OSLO : Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion, according to data released by Xeneta and Container Trades Statistics.
InMay,15.94millionTEUweretransportedbyocean, surpassingthepreviousrecordof15.72millionTEUfrom May 2021. Year-to-date volumes are just under 74 million TEU,a7.5%increasecomparedtothefirstfivemonthsof 2023.
“More containerized goods are being shipped by ocean than ever before at a time when available capacity isimpactedbydiversionsaroundAfricaduetoconflictin the Red Sea and severe port congestion in Asia and Europe,” said Emily Stausbøll, Xeneta Senior Shipping Analyst. “This is a perfect storm of pressure onoceansupplychainswhichhasresultedinthechaosof recentmonths.”
The surge in demand is largely driven by volumes from the Far East, with China exporting an all-time high of 6.2 million TEU in May, accounting for 39% of global container trade. Average spot rates from the Far East to the US West Coast reached USD 7840 per FEU on 9 July, a 200% increase since 30 April. Rates to the US East Coast rose by 130% to USD 9550 per FEU, while rates to North Europe and the Mediterranean increased by 148% and 88%, respectively, to USD 8030 and USD 7830 perFEU.
The surge in global container trade demand is driven by record exports from China, which reached 6.2 million TEU in May. The surge has driven significant increases in spot rates: 200% to the US West Coast, 130% to the
US East Coast, and notable rises to North Europe and theMediterranean.
Stausbøll highlighted concerns among shippers, noting, “Given we are already seeing record-breaking volumes in May ahead of the traditional peak season in Q3, you can understand why shippers are so concerned. The spot market is still climbing, the conflict in the Red Sea shows no signs of ending, and the port congestion we are seeing in Asia and Europe will take timetode-pressurise.”
The record levels of demand, coupled with longer sailingdistancesaroundtheCapeofGoodHope,haveled to a 17.9% increase in TEU-miles globally in 2024 compared to the same period in 2023. This increase is primarily driven by Red Sea diversions and longer sailing routes. Had carriers continued to use the Suez Canal,TEU-mileswouldhaveincreasedbyalesser8.6%.
Global TEU-miles so far this year have increased by 17.9%comparedto2023duetohigherdemandandlonger sailing routes around the Cape of Good Hope, primarily driven by Red Sea diversions. However, using the Suez Canal would have resulted in a smaller increase of 8.6%, accordingtoXeneta.
“Earlier this year we saw increasing ocean freight shipping spot rates and wondered if there really was a capacity crunch or whether it was a case of the market panicking unnecessarily following the escalation of conflictintheRedSea.Wecannowclearlyseeinthedata the squeeze on capacity was very real. It also demonstrates how much oversupply of capacity there would have been in the market in 2024 had the Red Sea conflictnotoccurred,”Stausbøllconcluded.
Drewry: World Container Index Up 297% on a Yearly Basis
LONDON: Drewry’s World Container Index inched up 1% to $5,901 per 40ftcontainerlastweek.
A detailed assessment for Thursday, 11 July 2024
•Thecompositeindexinchedup1%to$5,901 per 40ft container last week and has increased 297% when compared with the same week last year.
• The latest Drewry WCI composite index of $5,901 per 40ft container is 43% below the previous pandemic peak of $10,377 in September 2021, but it is 315% more than average2019(pre-pandemic)ratesof$1,420.
• The average composite index for the yearto-date is $3,744 per 40ft container, which is $981 higher than the 10-year average rate of $2,763 (which was inflated by the exceptional 2020-22Covidperiod).
•FreightratesfromNewYorktoRotterdam surged 4% or $26 to $682 per 40ft container. Similarly,ratesfromShanghaitoNewYorkrose 3% or $229 to $9,387 per 40ft box. Likewise, rates from Shanghai to Genoa and Shanghai to Los Angeles increased 1% to $7,614 and $7,512 per feu. Conversely, rates from Rotterdam to Shanghai decreased 2% or $12 to $631 per 40ft box. Rates from Rotterdam to New York dropped 1% or $22 to $1,955 per FEU. Meanwhile, rates from Shanghai to Rotterdam and Los Angeles to Shanghai remain stable. Drewry expects freight rates to remain high untiltheendofthepeakseason.
SHIPPING MOVEMENTS AT GUJARAT PORTS DEENDAYAL PORT
VESSELS IN PORT & DUE FOR EXPORT LOADING
CJ-XIII African Bari
CJ-XV
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Doris Arnav Shpg. 18/07
CJ-II Della Synergy Seaport 19/07
CJ-III Haj Abdallah T DBC 18/07
CJ-IV Taokas Wisdom Synergy Seaport 16/07
CJ-V African Piper Synergy Seaport 20/07
CJ-VI Yin Xing Hu Dariya Shpg. 17/07
CJ-VI Wu Yang Glory Dariya Shpg. 16/07
CJ-VIII VACANT
CJ-IX Billy Jim Interocean 17/07
CJ-X Lagavulin
CJ-XI VACANT
CJ-XII SSF Dream ULSSL 16/07
CJ-XIII African Bari Bird Aditya Marine 16/07
CJ-XIV Propel Success ACT Infra 17/07
CJ-XV Ageri Cross Trade 18/07
CJ-XVA VACANT
CJ-XVI Hampton Ocean Shantilal Shpg. 17/07
TUNA VESSEL'S NAME AGENT'S NAME ETD Maroulio S Interocean 16/07
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Bogazici
OJ-II Antares JMBaxi 16/07
OJ-III Yun Ding 19
OJ-IV Southern Shark GAC Shpg. 16/07
OJ-V Fulda Scorpio Shpg. 16/07
OJ-VI VACANT
OJ-VII Maersk Belfast Interocean 16/07
SHIPS SAILED WITH NEXT EXPORT CARGOS DESTN.
Source Blessing 09/07 Jebel Ali
SCI Mumbai 10/07 Jebel Ali
TCI Express 10/07 Manglore/ Cochin/Tuticorin
Patriot 10/07
Mercury 10/07 Sudan
CMB Jordaens 10/07 China
TCI Anand 11/07 Manglore/ Cochin/Tuticorin
Doctor O 14/07 Hodeidah
Fuji Harmony 13/07 Korea
Gramba Synergy Seaport 11/07 Hai Phoung 87 Chowgule S. 13/07
20/07 20/07-AM Hyundai Jakarta 130W 2402529 Hyundai Seabridge Maritime Port klang, Singapore, Shekou, Ningbo, Shangai, Kwangyang, Busan (FIM) 21/07 22/07 19/07-PM Xin Chang Shu 87E 2402525 Wan Hai Line Wan Hai Lines Port Kleang (W), Hong Kong, Qingdao, Kwangyang, Pusan, 23/07 24/07 23/07-PM Wan Hai 625 13E 2402639 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX)
29/07 29/07-PM Zoi 115E 2402545
—/— MSC Laurence IS426A 2402465 MSC/SCI MSC Ag / J.M.Baxi Gioia Tauro, Feixstowe, Hamburg, Antwerp & Other Inland Destn.(HIMEXP) 16/07 In Port
15/07 15/07-1300 X-Press Antlia 24004E 24231 X-Press Feeders Merchant Shpg Seattle, Vancouver, Long Beach, Los Angeles, New York, 16/07 20/07 20/07-0500
19/07 18/07-1800 Maersk Sentosa 428W 24229 Maersk Line Maersk Line India
W Kithiria 429W 24240 Safmarine Maersk
SHIPPING MOVEMENTS AT ADANI HAZIRA PORT
India to develop World-Class Ports in Maharashtra, Andaman & Nicobar to boost Maritime Leadership : Sarbananda Sonowal
Cont’d. from Pg. 3
TheMinisterrevealedplanstodevelopstateof-the-art ports in Maharashtra and the Andaman & Nicobar Islands, covering both
the East and West coasts of India. These developments aim to provide global access and reinforce India’s position in the internationalmaritimearena.
NICDC Logistics Data Services Ltd. and Gujarat Infrastructure Development Board sign MoU to enhance Logistics in Gujarat
MoU to digi ze logis cs landscape leveraging Unified Logis cs Interface Pla orm
NEW DELHI: National Industrial Corridor Development Corporation Limited (NICDC) Logistics Data Services Limited (NLDS) and Gujarat Infrastructure Development Board (GIDB) signed a Memorandum of Understanding (MoU) to digitize the logistics landscape in Gujarat by leveraging UnifiedLogisticsInterfacePlatform(ULIP).
The MoU was signed by CEO & MD, NICDC, and Chairman, NLDS, Shri Rajat Kumar Saini and CEO, GIDB, Shri Banchha Nidhi Pani. This collaboration is expected to bring visibility to streamline logistics operations, foster greater coordination among state departments, and enhance decision-making processes throughreal-timedatainsights.
Central to this partnership is the development of the GujaratULIPDashboardbyNLDS.Designedtooperate on a Hub-spoke model, the dashboard will seamlessly integrate with various state departments, ensuring a continuous flow of information. It will provide real-time visibility into key logistics parameters such as shipment tracking, vehicle utilization, infrastructure availability, and transit times etc.
The comprehensive tool will empower stakeholders across the government and private sectors to efficiently monitor and manage logistics
operations throughout the state.
TheassociationunderscoresNLDS'scommitmentto leverage technological advancements and innovation to drive progress in the logistics sector. Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Shri Rajesh Kumar Singh, congratulating GIDB and NLDS, expressed that this collaboration is a major milestone in Government of India’s commitment to digital transformation under PM Gati Shakti.
ULIPisadigitalgatewaythatallowsindustryplayers to access logistics-related datasets from various Government systems through API-based integration. Currently, the platform integrates with 37 systems from 10 ministries via 118 APIs, covering over 1800 data fields. Private sector participation in ULIP has been instrumental in amplifying its impact, with over 950 companies registered on the ULIP portal (www.goulip.in). Additionally, these companies have developed over 90 applications, leading to more than 42 crore API transactions. Beyond private players, ULIP is amplifying the effectiveness of Government decision-making by delivering synthesized data to different Ministries and Departments like Coal, Food Corporation of India (FCI) and States.
Shortage of Reefer Boxes plays havoc with India’s export schedules
MUMBAI: Indian cool chain shippers could miss some export order commitments to western buyers for theupcomingholidayseasonbecauseoftheirinabilityto securesufficientreefercontainers.
While equipment shortage was expected to be widespread in the context of longer turnaround times, the pressure seems to be especially worrisome on refrigeratedboxes.
“Reefer inventory is becoming a major challenge for all trades [out of India],” one sales executive at a leading carrier said. “But we are able to provide dry containers almostnormally,now,”thesourceclaimed.
The Executive said there were efforts to reposition more reefer containers into India to mitigate the developing crisis for shippers and forwarders. Other carrier sources cited inventory management challenges. One Senior Operations manager at a European carrier said: “We are operating in abnormal times.”
For the shipping community, the lack of reefers adds to vessel space shortages and soaring freight rates, already causing havoc on their shipments, after the RedSeacrisisdisruptedcontainersupplychains.
Indian seafood shippers have been hit hardest by the supply chain problems, according to sources. The southern ports of Cochin and Visakhapatnam handle substantial seafood shipments, but shipments therehavebeenminimalinrecentweeks,sourcessaid.
Other perishables, or time-sensitive cargo, shippers, including pharmaceutical verticals,
are also facing cargo booking problems.
‘India exports large amounts of pharmaceuticals, agricultural commodities and seafood, and the availability of reefer equipment is critical to keep this cargo flowing,” Pushpank Kaushik, CEO of Hyderabad-based NVO and Ship Agent Jassper Shipping, said.
According to Mr Kaushik, India’s pharmaceutical exports largely move to the US, the UK and Russia, with theUS,ChinaandtheEUthemajormarketsforseafood.
Meanwhile, in yet another trade pain point, some major carriers have begun adding equipment imbalance surcharges (EISs) to ocean freight, citing inventory capacitypressures.
$300 per Container fee on all sailings from India to Europe, from 1 July, is one such example. Meanwhile, India’s overall export trade has had a good start in fiscal year 2024-25, with a 9% increase in value terms reported forMay,accordingtoavailabledata.
“Our exports in all our top 10 markets (the US, UAE, Netherlands, UK, China, Singapore, Saudi Arabia, Bangladesh, Germany and France) were positive and many of them recorded a healthy double-digit growth,” said Ashwani Kumar, President of the Federation of Indian Export Organisations. “We expect exports to show better growth numbers with improved demand coming in from the European Union, the UK, West Asia and the US, which has given a boost to the order bookings by over 10%,” Mr Kumar added.
India Maritime Awards 8th Edition
An Elegant Evening of Accolades and Recognition
MUMBAI : An Evening of Elegance, Felicitations and Accolades for the best deserving companies and individuals marked the 8th Edition of India Maritime Awards – Organised and Managed by India's First and Oldest Maritime Newspaper – Daily Shipping Times in Mumbai on 28th June 2024 at Hotel Sahara Star, 3rdFloor,SapphireBallroom.
Daily Shipping Times, which has completed 64 Glorious Years and is entering its 65th Year, expressed a Heartfelt Gratitude to an Elite August Gathering of over 600 Dignitaries who graced the Awards Evening in scores. Without your Support and Trust, this legacy and feat would not have been possible. ABigTHANKYOU!
The Presence of Who's Who of the Maritime World, Industry Stalwarts and Leading Luminaries at 8th Edition India Maritime Awards set the perfect stage foranothermomentousyear.
Shri Ashishkumar Chauhan, Managing Director & CEO, National Stock Exchange was the esteemed ChiefGuestfortheeveningandMr.PeterVerheijen, Vice President, Container Shipping, MILAHA was the Special Guest. They presented Awards to the Winners and their presence greatly enriched the Glory of the 8th Edition India Maritime Awards.
The evening commenced with the National Anthem, settingarespectfulandpatriotictone.Thiswasfollowed by an impressive and captivating video featuring PSA India - PSA Ameya, showcasing their state-of-theart new facility, highlighting the array of services and offeringsavailabletotheindustry.
SPECIAL FELICITATION FOR JURY CHAIRMAN & JURY MEMBERS
One of the most assiduous works in India Maritime Awards is adjudicating the Winners based on their past
performance.ThisiswhereoureminentJurymembers comprisingIndustryVeterans,LeadersandCEOsofthe Maritime and Logistics World dwell deeply into past records to choose the Winners. All the Jury members have years and years of experience into Maritime and Logistics space and they surely deserve a Special Recognition for all their hard work done at India Maritime Awards.
(L-R) Mr. Mahendar Puri and Mr. Peter Verheijen felicitated Jury Chairman Mr. Umesh Grover (extreme right), and other Jury Members Ms. Rashmi Kulkarni, Mr. Umang Thakker and Mr. Sailesh Bhatia.
Mr. Mahendar Puri, Chairman & Managing Director, MSA Global Logistics and Mr. Peter Verheijen, Vice President, Container Shipping, MilahafelicitatedJuryChairmanMr.UmeshGrover, SecretaryGeneral–CFSAIandotherJuryMembers Mr. Sailesh Bhatia, Managing Director, Bhatia Shipping Pvt. Ltd., Mr. Raju Anthony, Chief Operating Ofcer, Abrao Group, Mr. Kishore Bilaney,Director,SinokorIndiaPvt.Ltd.,Mr.Paresh Bhanushali, Chairman & Managing Director, Pentagon Group, Ms. Rashmi Kulkarni, Regional Head - Ocean Freight, Asia Pacic, ISSGF India Pvt. Ltd., and Mr. Umang Thakker, Managing Director,KalashGlobalLogisticsPvt.Ltd.
Celebrated Champions and Winners of the Evening
Chief Guest ShriAshishkumar Chauhan, Managing Director & CEO, National Stock Exchange felicitated by Mr. Kalpesh N. Modi & Ms. Nishita K. Modi
Special Guest Mr. Peter Verheijen, Vice President, Container Shipping, MILAHA felicitated by by Mr. Kalpesh N. Modi & Ms. Nishita K. Modi
India Maritime Awards 8th Edition An Elegant Evening of Accolades and Recognition
THOUGHT PROVOKING PANEL DISCUSSION
The Panel Discussion was on a wisely chosen theme ofmostpertinentglobalsituationimpactingtheShipping Lines as well as the Shippers in the current scenario. This Insightful and Thought Provoking Discussion on “Impact of the current Geo-political scenario on GlobalShipping”wasmoderatedbyIndustryVeteran Capt. Deepak Tewari, Managing Director, MSC Agency (India) Private Limited & Chairman, ContainerShippingLinesAssociation(India).
The Panel included other industry veteran and eminent speakers, Mr. Mukesh Oza, Group President and CEO, Samsara Group, Mr. Xerrxes Master, President AMTOI & Managing Director, Master Group of Companies, Mr. Ajay Singh, Vice President Supply Chain Management, Hindustan Platinum Private Limited, Mr. Abhijit Chaudhury, Associate Vice President (Digital Solutions-SCM), JSW Steel Ltd., Ms. Charmaine Remedios, Senior Vice President, Head - Procurement & Contracts, Petrochemical, Consumer, Retail & Chartering, Reliance Industries Limited, Mr. Harish Kumar, Head - Supply Chain, HouseofSpicesIndia.
Capt. Deepak Tewari : – This panel comprises Stalwarts from both the Industries, be it, the Maritime and Logistics industry and the Exporters and Importers of the country. We will like to hear their insights on the topic of Impact of the current scenario.
Theywillenlightenthe august gathering about a bit of their own respective industry and also give us insights as to how do they do risk management and strategize their business to keep the supply chain absolutelyperfectandleanandmean.
The current Geo-Political scenario are marked by 2 main on-going Wars, Global conflicts, Piracy, Political Terrorism amongst others. Such a scenario is being done to hamper and disrupt the supply chain routeandglobalmaritimeroute.
The Suez Canal is practically shut. The Panama Canal is also not having sufficient water. In addition to these geo-political issues, we have issues of financials as well. Even the Trade Blocks have
different sets of rule for countries operating within and outside these Blocks.
In fact statistics of last 5 years indicates that trades have increased amongst the partner countries within the block. Sanctions too are very prevalent these days. One will be shocked to learn that over 48 countries have been sanctioned by the US, the UN, the UAE and NATO etc. More than 5000 institutions and companies are there in the Sanction list. All such scenarios combined together and make the field of Logistics and Global supplychainextremelyinteresting. LetusseetheinsightsfromeachofEminentPanelist…
Mr. Mukesh Oza, Group President and CEO –Samsara Group : – Pandemics and wars have always impacted economies.
The current geo-political situation seems manmade, driven by the economics of demand and supply. Ship transit times have increased by nearly 30 days for a full round voyage, and container turnaround times from India to Europe and back have risen by about 40 days. This increased demand and reduced supply have escalated freight rates, adversely affecting the economiesofreceivingcountries.Previously,importing containers from China to India cost $700-900; now it’s $3,500-4,000, leading to increased costs in the Indian market, which consumers has to bear. High freight rates are likely to continue, contributing to inflation. However, ambitious rulers might not realize this. Ship Owners and Logistics providers are part of a system and must adapt to these circumstances. The dynamics of business have changed over the years, moving from value systems of mutual assistance to more transactional relationships. We must adapt to the ongoing situations in regions like the Red Sea, BlackSea,orMediterraneanSea.Developingnewways to reduce transit times is essential. For example, using Gulf countries with rail connectivity and road crossings into Europe for faster transit could be an option.Somecompaniesarealreadyoperatingrailroutes from China to Europe, utilizing full capacity due to the current Maritime trade situation. Similar alternative modes of transport should be developed.
Mr. Mukesh Oza
Capt. Deepak Tewari
(L-R) Capt. Deepak Tewari, Mr. Mukesh Oza, Mr.Ajay Singh, Mr. Xerrxes Master, Mr.Abhijit Chaudhury, Ms. Charmaine Remedios and Mr. Harish Kumar.
India Maritime Awards 8th Edition An Elegant Evening of Accolades and Recognition
InnovationswilllikelycomefromregionslikeChina, India, Europe, or the US. Predicting when the current scenario will end and shipping will normalize is challenging—it could take 3, 4, or 6 months. I am realistic and believe we must adapt to the flow. Reflecting on our survival during COVID-19 and the high freight rates paid, a question arises: if trade can afford high freight rates, were shipping lines previously losing money? Conversely, if shipping lines are now making billions, are they overcharging? We need to strikeabalance.IntheMaritimeindustry,collaboration is key. We should work together to develop shorter routes and create competition in cargo movement. For instance, India recently banned rice exports but still exported to friendly South Asian and African countries, indicating the potential for enhanced trade among specific blocks. Trade among BRIC countries will likely grow with better rates. In China, more ships are available for export-import trade via coastal routes, and similar initiatives are expected in other countries. Increased ship supply should improve container availability, offering hope for the future.I urge Capt. Tewari to document this panel discussion, involving various stakeholders, and present it to the Shipping and Commerce Ministries. This will help authorities understand business expectations moving forward.
Ms.CharmaineRemedios,SeniorVicePresident, Head Procurement & Contracts, Petrochemicals, Consumer, Retail & Chartering – Reliance Industries : I would like to dwell more on the challenges that we are facing as an exporter and importer due to on-going geo-political situation. In fact, we all know, that a year ago, Ocean freight rates were bottomed out due to the on-going Ukraine and Russia war and inflation aided by sluggish demand.
With recent attacks by the Houthis rebels, the Shipping Lines were forced to go via Cape of Good Hope which added around 2-4 weeks of additional time and about 3500 nautical miles extra. Despite all these additional time and cost this expanded route was favouredduetothelowerrisk.
Steaming out from these issues, the short term impact that we saw was immediate skip of rate due to heighten risk, longer navigational routes and higher war risk premium. All this led to the paucity of space availability in the market. The supply of equipment to Asia is also a bigger challenge and currently we do not have sufficient capacity. As a leading exporter and importer we had to move our goods from our plants. Therearesomecommoditieswhicharepricesensitive and others which are transit sensitive. So far as our inbound cargo is concerned we have tried different routes ensuring our heavy raw material cargo, PTA for instance, find space on the vessels. But today, it is next to impossible to find any space for cargo coming from China into India. So with such situations,
Other strategies that we are adopting at my company are partnering with some NVOs to move cargo into Red Sea area which also takes away the volumesfromtheconventionalships.Wehavealsobeen lookingatdifferentoptionsofmovingthecargofromthe first mile. For instance, many Empty Containers were not around the ports as they were possibly located near the NCR region around the ICD. So we transported these Empty Containers in our plants (having railway siding) via the Rail route and we moved the export volume onto these rakes to ensure that equipment availability is adequately managed.
Other than such options, we are looking at Digitization in a big way, the E-Way bill, Wave among others to save on some cost for physically moving the document ensuring that the overall documentation process time is reduced by half.
So all of these we are doing for the continuity of our business.
However one humble request at this platform would be that, we find a path wherein it's a fair price, both for the partners - Shipping Lines as well as the exporter and importers - to ensure continuity of business. Also at times when these kind of disruptions are prevalent we look towards our partners that they honour their commitments.
Mr. Harish Kumar, Head - Supply Chain, House of Spices India :House of Spices is a 50 year old company based in the US and Canada. All 100% of its products are exported from India. So being completely export oriented, freight rates have a very significant amount of impact on our businesses. In fact, during the Covid period, we paid freights which were 3 times the cost of the goods inside the Containers.
Situations have not been too different now also with current geo-political scenario. I will be speaking specificallyaboutNorthAmericaaswearebasedthere. In the last 20-25 years, the inflation in the US was at alltimes of 9.9 % which has come to 7.8% right now.
In between around 2022, freight rates were coming down we thought the inflation will come down but it came down only till 6%.
Now with the current on-going situations like wars, the inflation is again going to the double digit mark. It was around 9.4% last month. So with such arising scenarios multiple factors of these are impacting. Riceandwheatareamongbiggershipmentsthatwe do and contribute around 15% of our business. So right away these commodities were impacted overnight. For solutions to overcome such disruptions, we looked at different origins.
For instance, 30% of the global wheat was coming from Russia and Ukraine before the war. So when they were at the War, the demands from the other origin especiallyfromIndiaandAustraliawereskyrocketed.
Ms. Charmaine Remedios
Mr. Harish Kumar
India Maritime Awards 8th Edition An Elegant Evening of Accolades and Recognition
That's the reason why there were restrictions and protection. In fact, Protectionism is again coming in each and every country well appreciated by the locals but for exporters it is not good. But then, we always found an alternative option into it. In fact, goodrepresentationsweremadeandIreallyappreciate the fact that India allowed opening of importing wheat from other geographies and exporting against that. So when such initiatives and measures are taken it easesoutpressuresfromourexporters.
Now coming back to situation of high freights and choosing from different options, we have around 11 Warehouses in the US and operate from 9 ports. Given the current geo-political situation the transit times have increased drastically. Then the port congestion started. When the port congestion started we tried for alternative ports. Now the local distribution cost in the US comes to around 13 %. So moving a Container from East to the West Coast comes nearly 3 times freight cost from India to the US. With all these adverse impacts, now we have started carrying more inventories. So there is lot of pressure on us to ensure stock availability. But then, the expense of carrying cost has increased coupled with high freight rates which is putting tremendous pressure that ultimately is passed ontotheretailconsumers.
So already multiple requests have been made by all of us to our concerned partners regarding the high freights. However I feel there should be open discussionsandthereshouldbefairpricingpolicywhich should be mutually beneficial for all the trading partnersinvolved.
Mr. Xerrxes Master, President AMTOI & Managing Director, Master Group of Companies :It is very apparent that the World is in turmoil. We have a very critical geo-political situation currently going on. Many are profiting from it as well, though I don't mean the Shipping Line alone but even the local industries depending on which verticals they are into. As far as our Group is concerned, one part of that is into Shipping Support Services which is largely untouched. So if the Shipping Lines prosper so do we. But as far as Logistics, Freight Forwarding and NVOCC part is concerned we have seen a deep turmoil inourbusiness.Theon-goinggeo-politicalsituationhas created a great trade imbalance globally. We are seeing Containergettingstuckupeverywhere.Emptiescannot be repositioned due to shortage of vessels owing to current geo-political situation. More preferences are been given to the loaded cargo. Even for the loaded cargoes, there are lots of caveats. So what is the meaning of all these. You have to be very very big. In NVOCC space there is no room for the middle level or the lower level.
Same goes for the logistics and the freight forwarding spectrum as well. The bargaining power of the mid-size or smaller level player are very limited. By that yardstick the large players are getting their lion share. The smaller companies are not able to performwellinsuchscenariosandsotheirshareisalso eventually getting shifted to the large players.
So in a way – the rich are becoming even richer. However, I feel, this too will pass off. Everything has to change. The only permanent thing in life is Change. This will eventually temper down, come down. My advice over here is go lean and mean, look for opportunities, be innovative, digitization is the way forward, cut down on your head counts and expenses. Look for new opportunities as in every crisis there will be an opportunity and that is coming. So one should always be innovative, flexible and be on the ball.
Mr. Abhijit Chaudhury, Associate Vice President (Digital Solutions-SCM), JSW Steel :- Firstly, I would liketoThankMr.Ozaformentioningabouttheoldvalue system in his remarks and about relationships which have now become more transactional. I can also claim to be the part of the old school. In fact, in the current geo-political scenarios dealing with older value system would have surely eased out lot of challenges and stress.
Coming back to the reality where we live, our Company - JSW Steelis also deeply involved with imports - exports and are facing similar extreme challenges due to the volatile situation prevalent in the current geo-political space and the supply chain challenges. Steel is a cargo which moves in volumes and a lot many things have been pointed out already. Absolutely, there is tremendous pressure on the supply chain. At times, because of the challengesofthesupplychainandthemountingcostfor moving the voluminous cargo makes us eventually uncompetitiveintheGlobalmarkets.
For instance, according to NITI Aayog report, Indian steel manufacturing is very competitive globally. In fact, within the plant barrier we are amongst the Top five in the World. But when the same product comes out of the plant, nearly $80-100 is added to it due to the logistics challenges, taxes and other levies. This is the kind of environment we have to live and deal with every day. And, over and above the volatile situation in the trade markets which makes the freight rates skywards makes us extremely difficult for us. We still try to survive with such situations. So how do we do? In fact, we are one of the major exporters of steel from India. We try to explore newer countries and customers to push our cargo. But the trouble comes in the form of the trade barriers. More than the logistical challenges, trade barriers and restrictions are more deterrence for us. And slowly we are getting restricted elsewhere and we can push our cargo to only Europe, South East Asia and other places which is not that paying. Big Brother is already there. Other countries are also present like Korea, Japan etc. There are no restrictions, but there are untold restrictionsaswell.Sowetoohavetomanagethroughall thesechallengestostayafloatandbeviable.
On the other hand, we also believe in and are quite sensitive about digitization process. I am personally involvedinDigitizationprocessofJSWSteelbutletme tell you that we are in very early stages. Digitization is no magic and it is not going to change the market dynamics. Digitization might only give you some options to cut down on the costing part.
Mr. Xerrxes Master
Mr.Abhijit Chaudhury
India Maritime Awards 8th Edition
An Elegant Evening of Accolades and Recognition
Mr. Ajay Singh, Vice President Supply Chain Management, Hindustan Platinum Private Limited :Before going onto the subject, I will slightly touch upon the topic of Digitization.
In fact, the beginning of 21st century, we had the issue of Y2K which largely impacted across the globe and gave us sleepless nights. Then after 8-10 years to that, we had the financial crisis in 2008. Again after a span of around 10 years or so, we had a global problem of Covid pandemic. Sothepasttrendsindicate that after every 10 years, some or the other major global crisis is coming. Movingahead,onecannotruleoutanothermajorglobal event concerning the businesses worldover to be comingbeforeus-maybe-around2028-29.Thisisjustto maketheaugustgatheringmoreawareofthistrendand getting ourselves more prepared to face any such eventuality.
Coming back to the industry, I represent a company which deal in Precious Metal segment. We deal largely in products like Platinum, Palladium, Rhodium and Etherium.
We are proudly one of the largest refiners of spent catalyst in the Asia Pacific region. We are Indian based group with plants in Mumbai and Portico in the Caribbean Island. Now what do we do in our company. We just don't refine and get these precious metal. What we touchbase is the entire lifecyclebeginning with the Healthcare ndustry, Fertilizers industry, Electrical Switches, Textile industry etc. Infact,weprovidesomeofthemostcriticalcomponents used in several industries which are also the sole manufacturers Globally for some of our products.
Now coming to the current geo-political situation and how it is affecting us. Some of our raw materials used in API industry are being imported from Europe. Our critical raw material involves a lot of burning process for which lot of gases are required. Now, the on-going Russia – Ukraine war impacted us drastically as the gases were coming from Russia and that got impacted. From typically having 6 months of inventory carrying we were forced to carry inventory of almost1.5yearsforhighcostofrawmaterial.Soonecan understand how difficult it was to manage with our vendor partners. In fact what we call as “Supplier Relationship Management” is really coming into play at this critical juncture of uncertainties.
So again, from my industry to the Shipping Lines or Freight Forwarding, we also look forward to similar kind of relationships between ourselves. It should not be just a transactional relationship as said by Mr. Oza a while ago. So while we were supplying critical raw materials for the healthcare industry during the bad times of covid pandemic our main motto was not to hurt the Drug manufacturing process. We, as a company back then were very committed to honour the commitments. Similar commitments from others in times of geopolitical situations are also expected. We should be taking care of the partnerships involved during uncertain times. And we have to see that how cognitively we are working with collaborate approach to mitigate things. Very high freights can surely survive owing to transactional process, but will surely not create a lasting relationship. So we need to be very careful about such lasting relationships mutually helpfulinmitigating the risks involved collectively.
Lastly, in a Question and Answer session with Panellist, Capt. Dinesh Gautama from Sharp Logistics, A Sarjak Group Company raised a very pertinent issue of high insurance cost prevailing in the markets due to geo-political situation which was well appreciated by the moderator Capt. Tewari.
Mr.Ajay Singh
Mr. Percy Vapiwalla (First from Left) and Mr. Makarand Pradhan (Extreme Right) felicitated Eminent Panellist (L-R) Capt. Deepak Tewari, Mr. Mukesh Oza, Mr.Ajay Singh, Mr. Xerrxes Master, Mr.Abhijit Chaudhury, Ms. Charmaine Remedios and Mr. Harish Kumar.
India Maritime Awards 8th Edition An Elegant Evening of Accolades and Recognition
The Panelists provided valuable insights, captivating the audience with their perspectives on the current geopolitical landscape's impact on global shipping. Their valuable time and contribution during the panel discussion trulysetthetonefortheevening and added to the remarkable success of 8th Edition India Maritime Awards. The eminent panelists were then felicitated by Mr. Percy Vapiwalla, Executive Director, PSA Ameya and Mr. Makarand Pradhan, Chairman,TotalTransportSystemsLtd.
The 8th Edition of India Maritime Awards progressed to acknowledge and appreciate the Special Outstanding Contributors in the Maritime, Logistics and Shipping sector, whose efforts continue to drive the Indian and Global industry forward.
Mr. Naresh Parekh, Managing Director, ParekhGroupfelicitatedwithamemento:-
• Allcargo Group for its 30 Glorious YearsMr. Suresh Kumar, Managing Director, Allcargo Terminals Limited & Mr. Ketan Kulkarni, Chief Growth Ofcer, AllcargoLogisticsLtd acceptedthisrecognition.
• Transcon Freight System Pvt. Ltd. for its 40 Glorious Years - Mr. R. K. Rubin, ManagingDirectorreceivedthisappreciation.
• Khimji Poonja Freight Forwarders Pvt. Ltd. for its illustrious Century of 100 Glorious YearsMr. Dushyant Mulani, Director received this felicitation.
Jawaharlal Nehru Port Authority was felicitated for completing 35 Glorious Years. Mr. Dushyant Mulani, FFFAI Chairman & BCBA President presented the Special Memento to Mr. Niteen Borwankar, Chief General ManagerJNPAandCEO–SEZ.
Itwasthentimetowelcometheesteemed ChiefGuest Shri. Ashishkumar Chauhan, Managing Director & CEO, National Stock Exchange to deliver his keynote address.Inhisaddress,hecommendedtheroleplayedby Daily Shipping Times and its team for their relentless efforts in keeping the Maritime and Logistics fraternity informed,aboutthelatesthappeningsaroundtheWorld.
KEYNOTE ADDRESS BY CHIEF GUEST SHRI ASHISHKUMAR CHAUHAN MD & CEO - NSE
It is an honour to address you all today as we celebrate the 8th Edition of India Maritime Awards and 64yearslegacyofDailyShippingTimes–India'sfirstand oldest Shipping Daily – founded by the Late Visionary Shri Nagindas K. Modi in 1960. The commitment to the MaritimeandLogisticssectorremainsunwavering.
India's Maritime and Logistic sector represents the cornerstone of our economic vitality. It is facilitated extensively by 7500 kms of coastlines, 12 Major Ports and 187 Minor Ports with exclusive Economic Zones. All this Maritime wealth put together underpins a staggering95%oftheTradebyVolumeand70%byValue underscoring the pivotal role it plays in our national economy. India's Blue economy accounting nearly 4% of our GDP holds immense potential for future growth. Atitscore,theroleofShippingandLogisticsispivotalin orchestrating the seamless movement of goods across vast distances and diverse terrains from the bustling Ports of Mumbai and Chennai to the industrial heartlands of Gujarat and Uttar Pradesh. Companies in these sectors need a complex wave of transportation
networks that facilitates trade, commerce and economic development. Central to their operations are end to end logistics and last mile delivery. These sectors excel in optimizing supply chain management ensuring goods move swiftly and efficiently from the production hubs to door steps of the consumers.
This efficiency not only reduces the cost and minimizes the wastages but also enhances the overall competitivenessofIndianbusinessintheGlobalmarkets.
India's commitment to enhance Maritime Infrastructure is exemplified by initiatives like Gujarat Maritime Cluster (GMC) and the National Waterway Projects. All these, demonstrate our commitment to a sustainable development by harnessing our Maritime Resources effectively.
Moreover, the Sagarmala project integrating Coastal and Inland Waterways is a step in the right direction. Investmentsof$123Bnacross415projectsaimstocreate 2 million jobs by 2030. These efforts not only reduce logistics cost but also enhance connectivity positioning India as a leader in the Maritime and Logistics on the worldstage.Substantialinvestmentsinthelastfewyears have modernized key ports like Mundra and Chennai bolsteringtheircapacityandefficiency.TheAdvancePort Community System is playing pivotal in improving transparency and operational effectiveness across our maritime infrastructure. The sector resilience during the covid pandemic marked by rapid digitalization underscores our adoptability and readiness to navigate global challenges. In recent years, India has witnessed significant strides in the logistics ecosystem driven by technological advancement and progressive policy reforms. Initiatives like the GST has harmonised tax structures across states simplifying inter-state trade and reducing logistical complexities. Simultaneous investmentsininfrastructurelikeDFCanddevelopment of Logistics Parks have expanded the capacity and efficiency of our logistics networks catering to growing demands of the burgeoning economy.
Geo-politically, disruptions in Global trade due to the emergence of the Red Sea crisis, erratic raids by the Somali pirates aided by escalating tensions in the Middle East and on-going wars have increased uncertaintiesforbusinesses.ThisispreciselywhyIndia's proactive engagement with Asian nations and initiatives likeMaritimeIndiaVision2030areplayingcrucialrolesin fortifying trade relationships and securing maritime routes amidst such Global tensions. For instance –theChabaharPortdeal–aGatewaytobypassPakistanto access Afghanistan markets and connecting Russia to India through Iran provides an excellent opportunity to diversify our trade routes with the benefit of the InternationalNorthSouthTransportCorridor.
The current logistics sector is estimated to be around $317 Bn in 2024 that contributes significantly to the GDP and employs close to 2.2 crore people besides supporting the domestic consumption. This highlights its pivotal role in driving our economic expansion.
Shri
AshishkumarChauhan
India Maritime Awards 8th Edition An Elegant Evening of Accolades and Recognition
Looking forward, the convergence of Technology and Logistics holds immense promise in future. Innovation like AI,BigData,Blocchainetcarerevolutionisingsupplychain management by offering real time insights, optimizing routesandenhancingtransparencyaswellassecurity.
Furthermore, investments into Ports infrastructure, promotion of Coastal Shipping and initiatives like PM Gati Shakti, National Logistics Policy and Portall are all set to elevate our logistics capabilities to a great extent. By focusing on reducing cost, enhancing connectivity and diversifying trade routes we aim tonotjustmeet-buttosurpassGlobalstandardsinlogistics efficiency and sustainability.
The impact of Shipping and Logistics on India's financialmarketsrundeepwithExchangesplayingcrucial roles in facilitating investments in Infrastructure based projects fostering innovation and growth. Currently14companies(ShippingandLogistics)arelisted on both the Exchanges – NSE and BSE.
Access to Capital Markets not only encourages but drives innovation within the industry. Companies from Shipping and Logistics can secure funding to invest in cutting edge technologies like AI driven logistic solutions and sustainability practices like Electric Vehicles for the last mile delivery. These advancements not only boost operation efficiency but also align with the Global environment standards. Moreover, Capital Markets enables larger and more scalable investments compared to traditional debt financing. Capacity and Capability are vital for Shipping and Logistics companies looking to undertake significant infra projects, or to expand their fleets or adopt advanced technologies to improve operationalefficiencies.Inessence,CapitalMarketsactas a Catalyst for growth and transformation in India's Shipping and Logistics sector by providing diverse financing options, enhancing market visibility, fostering innovation and supporting sustainable practices. The Markets empower companies to expand their operations and drive economic prosperity and contribute significantly to the national strategic goals in Maritime andLogisticsdevelopment.
Let us continue forging ahead, navigating towards our further where our India's Maritime and Logistics sectornotonlythrivesbutleadsontheGlobalmap.
After his closing remarks, the esteemed Chief Guest Shri. Ashishkumar Chauhan was felicitated by Mr. Kalpesh N. Modi, Editor-In-Chief & Ms. Nishita K. Modi, 3rd Gen & Business Development Director, Daily Shipping TimeswithabeautifulMementoandShawl.
Subsequently, the Special Guest for the evening, Mr. Peter Verheijen, Vice President - Container Shipping, MILAHA was also felicitated with a Shawl andMemento.
The Award ceremony, the most awaited moment of the evening at 8th Edition of India Maritime Awards then commenced and concluded with a memorable group photograph of the proud winners, followed by cocktails and dinner. The evening was a grand celebration of achievements, networking, and industry camaraderie, leaving attendees with cherished memories.
SPECIAL HIGHLIGHTS OF INDIA MARITIME AWARDS
• Lifetime Achievement Award was conferred to Shri Pankaj Manharlal Mehta, Chairman of PankajTransport,RushabhSealink&LogisticPvt.Ltd.,
for his infinite contribution to the Maritime and Logistics sector. Starting his journey with a single truck in 1975, Mr. Mehta's visionary leadership continues to shape the future of transportation, leaving an enduring legacy of excellence. Within a remarkably short span, his leadership transformed a fledgling operations into a powerhouse, etting new benchmarks for efficiency and reliability. In 1980, his visionary approach introduced ground-breaking services like crane rental and trailer facilities,revolutionizingthelandscapeoftransportation. Embracing technology as a catalyst for progress, thecompanybecameanearlyadopterofsystemsin1981, laying the groundwork for sustained growth and innovation. His collaborative endeavours with esteemed partners like Godrej Precision Engineering have garnered recognition for excellence and outstanding performance. The visionary continues to shape the future of transportation, inspiring generations and leavinganenduringlegacyofexcellence.
• JM Baxi Ports & Logistics Pvt. Ltd., was Honored with Special Recognition for Outstanding Achievement of the Year for Growth in Container Volume at the 6 Operating Terminals.
• Mr. Vishal P. Mehta, CEO of Pankaj Transport, Rushabh Sealink & Logistic Pvt. Ltd., was honored with Special Recognition for being the First Shipping Personality to become Honorary-ConsuloftheRepublicofDjiboutitoIndia.
• Mr. Shashi R. Tanna, Managing Director, Links Cargo Agencies Pvt. Ltd., was conferred with the Iconic Personality of the Decade in the ShippingIndustry.
• CEO of the Year in Shipping - Mr. Manu Nagpal RCLAgencies(India)Pvt.Ltd.
Ms. Nishita K. Modi, 3rd Gen & Business Development Director, Daily Shipping Times delivered the Vote of Thanks acknowledging how humbled Daily Shipping Timesisbytheconstantand invaluable Trust and Support that the industry bestows uponthem.Itisdue to the strong relationship with the trade, that Daily Shipping Times has come so far. On behalf of Daily Shipping Times, she expressed her Sincere Gratitude to all EventPartnersof8thEditionIndiaMaritimeAwards.
Many Many thanks to all the Associations and Industry supporters for their continuous inspiration and encouragement. It is through the collective support that Daily Shipping Times has been able to create memorable and impactful events year on year. We look forward to your continued support and inspiration.
Like all the years, it was a Grand and Glorious evening of Elegance and Accolades comprising Industry Stalwarts and Luminaries under one Roof of India Maritime Awards in Mumbai for raising the toast fortheProudWinnersofIMAin2024.
The Awards Ceremony concluded with a Memorable Group Photograph of Proud Winners ending with Cocktails and Networking Dinner.
Heartiest Congratulations to all the Winners of IndiaMaritimeAwards.
Ms.NishitaK.Modi deliveringtheVoteofThanks
WinnersofINDIAMARITIMEAwards2024
DYNAMIC SHIPPING PERSONALITY OF THE YEAR
Mr. INDRAJIT SENGUPTA
DIRECTOR, MSC AGENCY (INDIA) PRIVATE LIMITED
CEO OF THE YEAR IN LOGISTICS
Mr. KAUSHAAL L. BUCH
TOTAL TRANSPORT SYSTEMS LIMITED
CEO OF THE YEAR IN SHIPPING
Mr. MANU NAGPAL
RCL AGENCIES (INDIA) PVT. LTD.
WinnersofINDIAMARITIMEAwards2024
BEST PORT OF THE YEAR (CONTAINERISED)
BEST PORT OF THE YEAR (CONTAINERISED & NON-CONTAINERISED IN PRIVATE SECTOR) ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD
BEST PORT OF THE YEAR (NON-CONTAINERISED)
PORT AUTHORITY
BEST MULTIPURPOSE PORT OF THE YEAR
PORT AUTHORITY BEST CONTAINER TERMINAL OF THE YEAR (VOLUME)
PVT.
WinnersofINDIAMARITIMEAwards2024
BEST SHIPPING LINE OF THE YEARINDIA - FAR EAST TRADE LANE (VOLUME) WAN HAI LINES
BEST SHIPPING LINE OF THE YEAR INDIA - FAR EAST TRADE LANE (GROWTH) COSCO SHIPPING LINES
MAIN LINE CONTAINER OPERATOR OF THE YEAR WITH WIDEST SECTOR COVERAGE MSC - MEDITERRANEAN SHIPPING COMPANY CONTAINER FREIGHT STATION OPERATOR OF THE
FEEDER OPERATOR OF THE YEAR X-PRESS FEEDERSAGENT - SEA CONSORTIUM SHIPPING (INDIA) PVT. LTD.
BEST SHIPPING LINE OF THE YEAR MULTIPURPOSE OPERATOR HOEGH AUTOLINERS
CONTAINER FREIGHT STATION OPERATOR OF THE YEAR SPECIFIC (LCL) JWR LOGISTIC PVT. LTD.
WinnersofINDIAMARITIMEAwards2024
FREIGHT FORWARDER OF THE YEAR - CONTAINERS ISSGF INDIA PVT. LTD.
FREIGHT
OF
WinnersofINDIAMARITIMEAwards2024
WinnersofINDIAMARITIMEAwards2024
EMINENT YOUNG ENTREPRENEUR OF THE YEAR
Mr. YASH S. RADIA
MPRS SHIPPING & LOGISTICS PVT. LTD. Mr. Vishal Parkala received on behalf
