Mumbai Edition_19-03-2024

CONCOR to take over Jalna Dry Port Operations

MUMBAI: Hon'ble Prime Minister, Shri Narendra Modi ji inaugurated Jalna Dry Port facility through Video Conference on 12/03/2024 with the physical presence of ShriNitinGadkariji,Ministerof Road Transport and Highways and Shri Raosaheb Patil Danve, Union Minister of state for Railways, Coal and Mines & MemberofParliament(Jalna). Cont’d Pg. 6

CULines New Container Vessel CUL KLANG delivered

successfully

BEIJING:The2400TEUnew container ship "CUL KLANG", under a partnership between China United Lines（CULines）and Yangzijiang Shipbuilding Group, was successfully named and deliveredatthenewYangziShipyardonthemorning ofMarch8,2024.

Guests from SPDB Financial Leasing, SDARI, Lloyd's Register, SINOCREW, BSM, SITC Brokerage, Jiangsu Shipping College, CULines’ global agencies’ partners, representatives of CULines and partners, as well as employee representativesandfriendsfromallcirclesattended theceremony.

India’s economic boom feels like 2003-07: Morgan Stanley

MUMBAI: India’s current worldbeating economic growth rate on the back of an investment boom resembles that of 2003-07 when growth averaged more than 8 per cent, according to economists at Morgan Stanley.In a report ‘The Viewpoint: India – Why this feels like 2003-07’, Morgan Stanley said after a decadeofinvestmenttoGDPsteadily declining,capexhasemergedasakey growthdriverinIndia.

“We think the capex cycle has

more room to run, therefore the current expansion closely resembles that of 2003-07.The current cycle is driven by investment outperforming consumption, public capex leading initially but private capex rapidly catching up, the urban consumer leading consumption followed by catch-up in rural demand, market share in global exports rising and macrostabilityriskskeptincheck.

“We think the defining characteristic of the current

expansion is the rise in the investment-to-GDPratio.Similarly,in the 2003-07 cycle investment to GDP rose from 27 per cent in F2003 (fiscal yearendingMarch2003)to39percent inF2008,whichwasclosetothepeak.” Investment to GDP then hovered around those levels until it peaked in F2011. 2011 to 2021 then registered a decade of decline – but the ratio has now inflected again to 34 per cent of GDPandweexpectittorisefurtherto 36percentofGDPinF2027E,”itsaid.

IRClass Systems and Solutions launches a Suite of Sustainability Services

MUMBAI: IRClass Systems and Solutions Pvt Ltd (ISSPL), through its division – Indian Register Quality Systems (IRQS), a leading provider of management systems certification services, has announced the introduction of a pioneering initiative aimed at advancing environmental responsibility across maritime and non-maritime sectors. This comprehensive suite of sustainability services encompasses ESG (Environmental, Social, and Governance) and GHG (Greenhouse Gas) verification, validation, training, and certification, marking a

significant milestone in its commitment to promoting sustainability.

These services aim to assist diverse stakeholders in understanding, implementing, and adhering to sustainability standards and regulations. By offering verification, validation, and certification services, ISSPL-IRQS ensuresthatsustainabilityeffortsare credible, transparent, and compliant with industry norms and regulatory mandates.

Commenting on the initiative, Mr. Vinay Kshirsagar, Director at ISSPL, stated, “Our new suite of sustainability services underscores our dedication to driving positive

environmental outcomes. By providing stakeholders with assurance and expertise, we empower them to embrace sustainable practices and navigate the complexities of sustainability standardsandregulations.”

In addition to verification and certification services, ISSPLIRQS offers comprehensive training programs designed to enhance the expertise and capabilities of professionals across various disciplines. These programs enable professionals to integrate sustainability considerations into their daily operations and decision-making processes effectively.

Mawani adds IMS Service to King Abdul Aziz Port in Dammam to connect KSA to Southeast Asia and Indian Ports

RIYADH: The Saudi Ports Authority 'Mawani' announced that VASI Shipping Pte Ltd has introduced the new shipping service 'IMS' at King Abdul Aziz Port in Dammam, connecting the Kingdom to Southeast Asia and India. This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector, and contribute to nationaleconomicdevelopment.

This initiative represents a significant step in bolstering the role of King Abdul Aziz Port in Dammaminenhancingthemaritimetransportsector and logistics services. It supports the movement of exportsandimports,aligningwiththeobjectivesofthe National Transport and Logistics Strategy (NTLS) to

cement the Kingdom's position as a global logistics hubthatbridgesthreecontinents.

The new shipping service links King Abdul Aziz Port in Dammam with ve regional and international ports, including Klang in Malaysia, Surabaya and Jakarta in Indonesia, Nhava Sheva inIndia,andJebelAliintheUAE.

These connections are facilitated through regular weekly trips, with a capacity of up to 1,800 TEUs. ItisnoteworthythatKingAbdulAzizPortinDammam achieved a record-breaking monthly throughput in its history, handling 235,820 TEUs in February 2024. This milestone reflects its exceptional and comprehensive operationalservicesandmodernequipment,enabling it to manage various types of goods with a capacity of 105milliontonsofcargoandcontainers.

Majority of issues in India-UK FTA towards resolution, says Commerce Ministry

NEW DELHI: The majority of difficult matters in India-UK FTA negotiations are moving towards resolution and both sides are actively engaged for a fair and equitable deal, Commerce Ministry officials said recently. India and the UK launched talks for an FTA in January2022toboosteconomicties betweenthetwonations.

There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights. Commerce Secretary Sunil Barthwal said both sides are activelyengagedintalksandbothof them“wantafair,equitabledeal”.

The 14th round of negotiations was held in January. Chapter-wise textual negotiations are near close and the schedule on goods and

services is at an advanced state of negotiations, Commerce Ministry officials said. Recently, a team from theUKvisitedIndiafornegotiations on outstanding issues. The bilateral trade between India and the UK increased to $20.36 billion in 2022-23 from$17.5billionin2021-22.

On the proposed free trade agreement (FTA) between India andOman,SecretaryBarthwalsaid thisisaonetradepact,whichwillbe concluded very soon. India’s 10 export destinations during AprilFebruary 2023-24 were UAE, Singapore, Netherlands, China, the UK, Saudi Arabia, South Africa, Germany and Bangladesh. The top import sources were Russia, Switzerland, China, South Korea, Singapore, Iraq, Indonesia, UAE, SaudiArabiaandtheUS.

On smart phone shipments, the Commerce Ministry data showed that the US is India’s top exporting destination with a share of 34.4 per cent from AprilJanuary 2023-24. The decline in the exports of smart phones to the US was also observed from the world along with China, Hong Kong and Vietnam.

India’s overall exports (merchandise and services combined) in April-February 2023-24 were estimated to be $709.81 billion, exhibiting a growth of 0.83 per cent over AprilFebruary 2022-23. Overall imports in April-February 2023-24 were $782.05 billion, registering a contraction of 4.64 per cent over the corresponding period of the last fiscal.

Why Russia is banking on $1.7 billion railway plan in Iran to come closer to Mumbai

NEW DELHI: Russia is banking on rail freight to mitigate the effect of Western sanctions on its economy. Moscow is investing billions to expand its trade ties with India and the countries of the PersianGulf.

For this, Russia and Iran signed a deal last year to build an Iranian railway line as part of the InternationalNorth–South Transport Corridor (INSTC). The rail link will connecttwoIraniancities,Astaraand Rasht, joining Iran and Azerbaijan to the north and then to the Russian

railway grid, as per The New York Times(NYT).

Russia places bet on Rasht-Astara railway

For years, Europe was Russia’s single largest market for trade. However, Western sanctions following Moscow’s invasion of Ukrainehaveendedthat.

Since then, Russia has set its sights on Asia to boost its trade, includingChina,IndiaandIran.

With this goal, Russia is aiding Iran to build a 164km Rasht-Astara railway that costs $1.7 billion (about

Rs 14,000 crore) along the Caspian Sea coast that would help link Russian ports on the Baltic Sea with IranianportsintheIndianOceanand theGulf.

“The unique North-South transport artery, of which the RashtAstararailwaywillbecomeapart,will help to significantly diversify global traffic flows,” Russian President VladimirPutin hadsaidlastMay.

Russia has decided to loan $1.4 billion (about Rs 11,000 crore) to Iran to finance the ambitious project, NYTreported.

CONCOR to take over Jalna Dry Port Operations

Cont’d from Pg. 3 CONCOR has been handed over with LOA (Letter of Award) for Operations & Maintenance of MMLP Jalna after emerging as the highest bidder in tender floated by NHLML, a subsidiary of National HighwayAuthorityofIndia.

Jalna Dry Port is a state of art MMLP facility situated at Jalna in spread over around 427 Acre Area near Aurangabad in Maharashtra. Jalna hinterland is a steel hub of Marathwada & imports huge volume of scrap from JNPort.

AsofnowCONCORiscateringtothisareafromits ICD at Maliwada , Aurangabad around 80 Km away

fromJalna.Aftercommencementofthisfacility,trade at Jalna would start availing CONCOR rail service till MMLP Jalna which is about 3 to 4 km from Industrisl AreaofJalna.

Finance Ministry deliberates on PPP and Project Structuring Toolkit for Ports Sector

More than 45 representaves of Centre and State/UT Government departments, private players and Major Ports Authories aends in hybrid mode

NEW DELHI: The Infrastructure Finance Secretariat (IFS), Department of Economic Affairs (DEA), Ministry of Finance (MoF), organised a two-day workshop in hybrid mode on 14th-15th March, 2024 in NewDelhi.

The workshop was held to sensitise stakeholders from Ports sector, and on how to structure PPP projects using the web-based PPP structuring toolkit in Ports sector. The workshop was attended by more than 45 representatives of Centre and State/UT Government departments, private players and major ports authorities.

Ports Sector requires proper project structuring due to inherent complexities involved. Understanding this need, ‘PPP Structuring Toolkit’ is one among the initiatives that IFS has taken to support the Project SponsoringAuthorities(PSAs)andotherstakeholdersto structure their Port projects in PPP mode with objectivity and to boost private sector investment for developmentofportssectorinthecountry.

Thisworkshop,whichisthefourthinaseriescatering to Ports Sector, was inaugurated by Ms. Preeti Jain, Director, Infrastructure Support & Development (ISD) Division, DEA, MoF. Ms. Jain highlighted the

importance of infrastructure and the need for creating a shelf of viable infrastructure projects to take India on a higher growth trajectory and further encouraged the participantstostructurePPPprojectsinPortssector.

Theworkshopincludedsessionsondemonstrationof toolkit and further included hands-on sessions understanding of tools developed for evaluating projects in Ports sector. The workshop familiarised participants with the toolkit's overview and objectives through the casestudiesforpracticalunderstanding,detailingitsfive integraltools:-

• SuitabilityFilter

• FamilyIndicatorTool

• ModeValidationTool

• FinancialViabilityIndicator,and

• ValueforMoneyIndicatortool

IFSalsoshowcasedthe‘ContingentLiabilityToolkit’, which gives a hands-on approach to the PSAs for estimating probable pay-outs of the PSA due to occurrence of various contingencies. The workshop witnessed active participation from officials representing Central Ministries/Departments, various State/UT Governments and from all major ports’ authority.

Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D).

05/04 0900

Tokyo IP414A

CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre (EPIC / IPAK)

COSCO COSCO Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports. Indial Indial Shpg. U.K., North Cont., Scandinavian, Red Sea & Med. Ports.

Seahorse Ship U.K., North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos.

Globelink Globelink WW U.K., North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.

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

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

Kalko Faredeal U.K., North Continent & Scandinavian Ports. Dronagiri-3

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

Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.

Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware

CGM Ag.(I) Hamburg, Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul

06/0407/04 TBATBA Express Rome 4310W

12/0413/04 TBATBA Sofia Express 4311W

16/0417/04 TBATBA Frankfurt Express 4312W

Hapag ISS Shpg. U.K., North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS

COSCO COSCO (I) U.K., North Cont., Scandinavian, Red Sea & Med.Ports.

ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. (IOS)

Gold Star Star Ship Hamburg, Antwerp, Tilbury. Oceangate CFS

24/0325/03 23/03 1300 MSC Ariane IS410A P2794 1086041-11/03 MSC MSC Agency U.K., North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 27/0328/03 27/03 1100 MSC Thais IS411A P2845 293618-18/03 SCI CMT Barcelona,Felixstowe,Hamburg,Rotterdam,Gioia Tauro, 03/0404/04 03/04 1100 MSC Irene IS412A U. K. North Continent & Other Mediterranean Ports. Himalaya Express

NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1

Allcargo Allcargo Log. U.K., North Cont., Scandinavian & Med. Ports. Dron. 2 & Mul.

North Continent & Scandinavian Ports. Pun.Conware

21/0322/03

1700 Little Warrior 02409W P2597 291887-21/02 Aladin Line ALX Shpg. Sohar, Sharjah, Hamax, Bahrain, Dammam.

& Mul

21/0322/03 TBATBA Nordpanther 02408W P2705 108566-01/03 QNL/Milaha PoseidonShpg. Jebel Ali, Bandar Abbas. (GIX) Speedy CFS

22/0323/03 TBA 1000 MSC Barbados IV412A P2793 293147-11/03 MSC MSC Agency King Abdullah (INDUSA) Hind Terminal

22/0323/03 TBATBA Arzin 1320W P2663 292201-26/02 HDASCO Armita India Bandar Abbas, Chabahar. (IIX)

23/0324/03 TBATBA Maersk Kinloss 411W P2714 292481-29/02 Maersk Line Maersk India Salallah. (MECL) Maersk CFS

23/0324/03 TBATBA Abrao Cochin 015W P2783 293057-09/03 SeaLead SeaLead Shpg. Sohar, Jebel Ali. (GIX) Blue Water Lines PoseidonShpg. Sohar, Jebel Ali, Dammam. Speedy CFS

24/0325/03 TBATBA Marathopolis 413S P2712 292482-29/02 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE) Maersk CFS

28/0329/03 TBATBA Wadi Duka 2405W P2752 292815-06/03 Asyad Line Seabridge Salalah

29/0330/03 TBATBA Inter Sydney 152 P2821 293381-14/03 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM) Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar.

31/0301/04 TBATBA Norderney 083W P2828 ONE Line ONE (India) Jebel Ali.

09/0410/04 TBATBA Celsius New Orleans 925W UnifeederUnifeeder Jebel Ali. (MJI) Dronagiri

06/0407/04 TBATBA

FOR

ASIA GULF PORTS From NSIGT

In

2404E

TS Lines TS Lines (I) (CSC)

PORTS from NSFT

from NSICT

Cordelia Cordelia Cont. Port Kelang, Far East & China Ports

Blue Water PoseidonShpg. Shanghai, Ningbo, Qingdao. Speedy CFS 23/0325/03 21/03 0700 Seattle Bridge 089E P2765 292925-07/03 Evergreen Evergreen Shpg. P.Kelang, Tanjun, Pelepas, Singapore, Xingang, Balmer Law. CFS Dron. 27/0328/03 TBATBA Ever Sigma 125E P2770 292916-07/03

UnifeederUnifeeder Qingdao, Shanghai, Ningbo. Dronagiri 01/0402/04

TBATBA Celsius Naples 901E P2789 293101-11/03

PIL/ONE PIL India/One(I) —/— 08/0409/04 TBATBA TS Ningbo 24002E

Hapag ISS Shpg. P.Kelang, Singapore, Xiangang, Qingdao, Shanghai, Ningbo, Da Chan Bay. ULA CFS 15/0416/04 TBATBA Ever Excel 173E

KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3 22/0423/04 TBATBA Ever Ethic 167E

TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2 (CISC Service) HMM HMM Shpg. P.Kelang(S), Singapore, Xiangang,Qingdao, Kaohsiung. Seabird CFS

Samudera Samudera Shpg. P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri CU Lines Seahorse Ship Port Kelang, Singapore, Haiphong, Qingdao, Shanghai, Ningbo. BSS Bhavani Shpg. Port Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS

& Mul.

TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2

19/0320/03 19/03 0800 RDO Favour 02359E P2701

292490-01/03

RCL/Global Fdr. RCL Ag./Sima Marine Port Kelang, Ho Chi Minh City, Laem Chabang, Cai Mep

23/0324/03 23/03 0900 ESL Kabir 02408E P2683 292349-28/02 CU Lines/KMTC Seahorse/KMTC(I)

26/0327/03 TBATBA Zong Gu Chan Shah 2409E Emirates Emirates Shpg. (VGX) SeaLead SeaLead Shpg.

20/0322/03 19/03 1000 X-Press Cassiopeia 24012E P2681 292360-28/02 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS

25/0326/03 TBATBA X-Press Phoenix 24013E P2726 292693-04/03 X-Press Feeders Sea Consortium Kwangyang, Pusan, Hakata, Shanghai. (NWX/FI-3)

01/0402/04 TBATBA Maersk Florence 414E Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS

08/0409/04 TBATBA GSL Nicoletta 415E

20/0321/03 20/03 1300 Argolikos E159 P2758 292873-06/03 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dronagiri-1

26/0327/03 TBATBA Wan Hai 502 E121 P2786 293087-11/03 Evergreen Evergreen Shpg. BalmerLaw.CFSDron.

02/0403/04 TBATBA Wan Hai 507 E221 Hapag/RCL ISS Shpg./RCL Ag. ULA-CFS/ 09/0410/04 TBATBA Ever Unity E198 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 (CIX)

22/0324/03 22/03 0400 Wan Hai 513 E091 P2775 292973-08/03 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 29/0331/03 TBATBA Wan Hai 311 E231 P2826 293453-15/03 COSCO COSCO Shpg. Ningbo, Shekou.

05/0407/04 TBATBA Wan Hai 512 E104 InterasiaInterasia (CI2)

12/0414/04 TBATBA Wan Hai 501 E246

HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS

19/0421/04 TBATBA Interasia Progress E082 CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai.

24/0325/03 TBATBA X-Press Bardsey 24002E P2768 292926-07/03 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 31/0301/04 TBATBA Wide Alpha 245E P2812 293327-13/03 X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang.

07/0408/04 TBATBA Clemens Schulte 031E

Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri

14/0415/04 TBATBA Cap Andreas 010E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service)

21/0422/04 TBATBA San Francisco Bridge 071E HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS 27/0329/03 TBATBA Seaspan Adonis 074E P2815 ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 02/0404/04 TBATBA One Altair 064E Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 11/0413/04

12/0413/04

26/0327/03

21/0422/04

15/0416/04

0MSIFW1 P2739 292790-05/03 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS

26/0327/03 TBATBA Maersk Zambezi 412W P2746 292529-01/03 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis (MESAWA) Dron.-3 & Mul.

20/0321/03 19/03 2300 Shamim 1114SP2677 292319-27/02 HDASCO Armita India Mombas, Dar-Es-Salaam.

23/0324/03 TBATBA Fayston Farms 411S P2715 292480-29/02 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3 & Mul.

29/0330/03 TBATBA CMA CGM San Antonio 0MTH5W1 Maersk Line Maersk India Pointe Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk CFS 06/0407/04

India's smartphone exports to US jump to $ 3.53 bn in Apr-Dec FY24

NEW DELHI: India's smartphone exports to the US jumped to $ 3.53 billion in April-December this fiscal against $ 998 million in the same period last year, according to the CommerceMinistrydata.

The increasing outbound shipments led to an increase in the smarphones' market share to 7.76 per cent during AprilDecemberthisfiscalfrom2percent in the same period of last year, the datashowed.

Increasing exports have made India the third-biggest smartphone exportertotheUS.

An official said that an increase in overall smartphone production has helpedinpushingexports.

During the nine-month period of this fiscal, the share of China and Vietnamdeclined.

The US smartphone imports from the top five suppliers also declined during April-December to $ 45.1 billionfrom$49.1billioninFY'23.

Chinaexported$35.1billionworth of smartphones to the US market in April-December, down from $ 38.26 billionlastyear.

Vietnam's shipments of phones declined to $ 5.47 billion in AprilDecember 2023 from $ 9.36 billion in the same period of the previous year. Other two major smartphone exporters to the US are South Korea andHongKong.

South Korea's exports to America

during the period under review increased to $ 858 million from $ 432 million, while Hong Kong's sales are downto$112millionfrom$132million inApril-December2022-23.

Smartphones started registering their presence in the Indian export basket in 2022-23 when shipments touched $ 10.95 billion. With the continued momentum, exports have touched $ 10.5 billion in AprilDecember2023-24.

After the announcement of the Product Linked Incentives (PLI) scheme and the entry of US-based iPhone maker Apple into domestic manufacturing,Indiaisemergingasa major production hub for smartphones.

ITC ventures into Inland Waterways for Commercial Transport, Emulating Amazons Success

KOLKATA: In a significant development, ITC Limited has become the second company after Amazon to utilize inland waterways for commercial transportation in India. This milestone was achieved through a collaboration with the Inland Waterways Authority of India (IWAI), enabling the shipment of FMCG products via National Waterway1.

Inaugural Voyage from Kolkata to Patna

On Thursday, March 14, 2024, a vessel carrying eight containerized cargo of processed food items, specifically Noodles from ITC Ltd, embarked on its maiden voyage from Kolkata to Patna. The vessel employed for this cargo movement is MV Rabindranath Tagore, boasting a carryingcapacityof16TEUs(twentyfootequivalentunits).

Inland and Coastal Shipping Limited'sRole

The vessel's operation is being

handled by Inland and Coastal Shipping Limited (ICSL), a whollyowned subsidiary of Shipping Corporation of India. This partnership underscores the commitment to developing inland waterways and promoting Inland Water Transport (IWT) as a viable modeoftransportation.

Amazon's Precedence and IWAI's Commitment

In November 2023, IWAI had already made significant progress in this domain by signing a Memorandum of Understanding (MoU) with Amazon India Ltd. This collaboration resulted in the successful movement of Amazon's first e-commerce cargo through National Waterway 1. IWAI remains dedicated to fostering the development of national waterways and transforming IWT into a more efficient and reliable mode of transportation. Under the Jal Marg Vikas Project, IWAI is actively

working on enhancing the navigation capabilities of the Ganga-BhagirathiHooghly river system, thereby facilitating seamless passenger and cargomovement.

Impressive Growth in Cargo Movement

AsofFebruary2024,thetotalcargo movement on national waterways had reached an impressive 122.21 million tonnes, reflecting a substantial 7.2% increase compared to the corresponding figures from the previous year. This growth trajectory bodes well for the future of IWT in India.CollaborationPavingtheWayfor FuturePartnershipsThecollaboration betweenITCLtdandIWAIisexpected to serve as a catalyst for similar partnerships in the future. This development opens up new avenues for the private sector to leverage the extensivenetworkofinlandwaterways in India, unlocking immense potential for economic growth and efficient logistics.

SCI Land & Assets to debut on bourses under T2T category Today

MUMBAI: Shipping Corporation of India Land and Assets (SCILAL), a demerged entity of Shipping Corporation of India (SCI), will debut exchanges on March 19, 2024 under the T2T category. According to reports, SCILAL received finallisting and trading approval for listing its 46croresharesofRs10eachfromthe BSEandNSE.

Under the T2T (trade-to-trade) category,stockscanonlybetradedon

a delivery basis. This means that when one buys T2T stocks, an investor or trader is required to pay the full amount for the stock and intra-dayisnotallowedbydesign.

SCILAL was formed in November 2021toholdthenon-coreassetsofSCI, whichfallsundertheMinistryofPorts, Shipping,andWaterways.Aspartofits strategicsaleprocess,thegovernment hived off the real-estate assets of SCI – shipping house, a 19-storey building, and maritime training institute, both in Mumbai, and certain

othernon-coreassetsofSCILAL.

The value of SCILAL’s non-core assets stood at Rs 2,392 crore as on March 31, 2022, balance sheet data showed. The demerger of SCI and SCILAL into separate entities was approvedbytheMinistryofCorporate AffairsinFebruary2023.

SCILAL’s total income rose 34 percent year-on-year (YoY) to Rs 256 crore in Q3FY24 from Rs 190 crore in Q3FY23. Profit, on the other hand, was flat at Rs 151 crore from Rs152croreintheyear-agoperiod.

In

21/0322/03 Hoegh Seoul 133 1086088-12/03 Hoegh Autoliners Merchant Shpg. Durban, Dar Es Salaam, Maputo, Mombasa-T/S at Durban, 22/0326/03 CP Galaxy 62 Chipolbrok Samsara Shpg. Shanghai, Qingdao.

NOTICE TO CONSIGNEES

m.v “SUNNY PHOENIX” V-59E

The above vessel is arriving at NHAVA SHEVA (BMCT) on 21-03-2024 with import cargoes from ports BUSAN NEW PORT, JIUJIANG (JIANGXI), KWANGYANG, NANJING, NINGBO, QINGDAO, SHANGHAI, ZHENJIANG also transshipment cargo of following Ex. Mother vessels:

CJ-II

CJ-III

CJ-IV

CJ-V

CJ-VI

CJ-VII VACANT

CJ-VIII VACANT

CJ-IX Nostromo Tauras 21/03

CJ-X VACANT

CJ-XI Arzin Armita India 20/03

CJ-XII VACANT

CJ-XIII VACANT

CJ-XIV GF Trader DBC 21/03

CJ-XV African Jay Synergy 26/03 CJ-XVA

OJ-I

OJ-II VACANT

OJ-III VACANT

OJ-IV VACANT

OJ-V VACANT

OJ-VI VACANT OJ-VII

SHIPS SAILED WITH EXPORT CARGO

CB-4

NSD-2

RATESALL RATES PER UNIT

W. E. F. 08-03-2024

ON 18-03-2024 ´ ´ ´ FOREIGN EXCHANGE RATES

´´

´

´ We are not responsible for any mistake. ALL RATES ARE PROVISIONAL. The rates in this column are only meant for guidance.

CEVA Logistics develops new vehicle logistics business at the Port of Dunkirk

MARSEILLE: The Port of Dunkirk and CEVA Logistics announced today that they have signed a contract for a plot of land on which CEVA will develop a new finished vehicle logistics operation for importandexportbysea.

Dunkerque-Port has selected CEVA Logistics, a world leader in logistics, as a candidate in a Call for Expressions of Interest (AMI) for the issue of title to occupya9.5-hectareplotofland.

On this site, located in the eastern part of the Port of Dunkirk, CEVA will be deploying a complete new vehicle logisticspark,linkedtothemaritimeflowsofexportsand importstoandfromthePortofDunkirk.

The site will contain vehicle reception and storage areas, as well as loading and unloading areas for trains and vehicle transport trucks. Development will start in October 2024. Following completion, CEVA expects to handle around 47,000 vehicles a year and to reach an annual volume of 95,000 vehicles by March 2025 TheseprojectionsarebasedonCEVA’scloserelationships with the major auto makers, who are keen to transit their flowsthroughthePortofDunkirk,thegatewaytoFrance’s battery valley and the only European port to offer an ecosystemaroundelectricmobility.

“Thelaunchofthenewautomotivelogisticscenterat the Port of Dunkirk is a strategic development that will enable us to increase the efficiency and resilience of the supplychainsofourcustomers,exportersandimporters. The new location will enhance the region’s logistics potential, while supporting our customers’ expansion

into new markets. We are proud of this development, which illustrates CEVA Logistics’ commitment to the entireautomotiveindustry,andtestifiestoourdedication and expertise,” says

Mathieu FRIEDBERG, CEO

of CEVALogistics.

“Dunkerque-Port is delighted and proud to welcome CEVA Logistics to the site of the former SRD refinery With this move, the port will enter a new era, that of electric mobility. Its arrival will enable us to offer a complete range of services to automakers. This is Dunkirk’s new industrial model, based on the principles of a circular, low-carbon economy. Together, we’re going to accelerate the energy transition and achieve carbon neutrality, while generating additional maritime traffic,” says Maurice

GEORGES,

Chairman of the Board of Dunkerque-Port.