CBIC releases National Time Release Study (NTRS) 2024
9 Ports witness reduction in average release time with a significant 50 percent reduction in case of Integrated Check Posts (ICPs) and 6 percent reduction in case of Air Cargo Complex (ACCs) Y-o-Y
NEWDELHI: Shri Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes and Customs (CBIC), along with other Members of the Board, released the NationalTimeReleaseStudy(NTRS)2024report.
NTRS2024is4thannualnational-levelstudyadoptinga standardized methodology and covering the bills of entry (for imports) and shipping bills (for exports) submitted during the first week of January 2024 which were tracked till February 7, 2024, for cargo clearance via 15 major customs formations (categorised into 4 categories-
Adani Ports Mundra achieves Multiple Milestones, Setting New Records
MUNDRA: Adani Ports and Special Economic Zone Limited (APSEZ), India's leading commercial port operator, is proud to announce a series of remarkable achievements that underscore its commitment to excellenceandoperationalefficiency
Forimports,thestudyhasnotedthat,outofthe15ports covered under the purview of the study, 9 ports have witnessed a reduction in the average release time in 2024 vis-a-vis previous year. Also, there has been reduction in release time in case of ICPs and ACCs – a significant 50 percent reduction in case of ICPs and 6 percent reduction in case of ACCs in 2024 compared to the corresponding period in 2023.
Cont’d. Pg. 17 See Pg. 8-9
Logistics key for India as a preferred Business Destination : World Bank
NEW DELHI: An efficient logistics sector is pivotal for Indiatobecomeagloballypreferredbusinessdestination. Itreducesmanufacturingcosts, makes businesses more competitive, and links them with global value chains, boosting the Make in India initiative The sector is also one of India’s largest employers,employingover22millionpeople.
Cont’d. Pg. 6
Historic Cargo Handling in Q1 FY25: Mundra Port continues to set new benchmarks, handling an impressive 51.2 million metric tonnes (MMT) of cargo in Q1 FY25. This achievement potentially marks the highest volume of cargo handled in a single quarter in India, highlighting Mundra Port's pivotal role in the nation'slogisticsandtradesectors.
In 2023, India ranked 38 out of the 139 nations in the World Bank’s Logistics Performance Index (LPI), up six places from the previous rankings in 2018 Indiahasnowsettheambitiousgoalofrankingamongthe world’s top 25 nations by 2030, bringing logistics costs downtotheequivalentoflessthan10%ofGDP
Cont’d. Pg. 17
MSC increase own-operated service share : Sea-Intelligence
OSLO: With the 2M Alliance between the two largest shipping lines, MSC and (1st) and Maersk (2nd), coming to an end in February2025,andwithMaerskthen joining Hapag-Lloyd to form the Gemini Cooperation, MSC, it seems, is already shifting their focus onto their own-operated services. MSC have been growing capacity market share for their stand-alone services (services offered outside the 2M alliance)ontheTranspacificandAsia-Europetrades.
Figure 1 shows the share of Asia-North Europe capacity (3w avg.) offered by MSC on their stand-alone services, against those of Hapag-Lloyd and CMA CGM, whicharetheonlyothermajorcarriersonthetradelane withstand-aloneservices.
This increase for MSC should be seen not only in the context of the extreme pressure the markets are currently under, but of course also in the context of the terminationofthe2Malliance.Clearly,MSCisbeginning
to carve out services on their own prior to the 2M termination date, whereas Maersk is not doing the same. It can also be seen that MSC began doing this before the Red Sea crisis –although an acceleration has clearly happened after the outbreak of the crisis. On Asia-Mediterranean, the move from MSC to increase standalone capacity share pre-dates the Red Sea crisis, with MSC stand-alone services accounting for approximately 9% of deployed capacity in the trade lanesince2023-Q2.
A similar trend can also be seen on the two Transpacific trade lanes, especially on Asia to North America East Coast, where MSC have been increasing theirstand-alonecapacitymarketsharefrom3%to6%in 2023-Q3. On the Asia to North America West Coast trade lane, MSC stand-alone services were introduced when the pandemic market tightened in 2020-Q3, and have held a somewhat consistent capacity market share of around 6%, outside of a temporary increase to around 12%duringtheheightofthepandemicinlate2021.
Adani Ports Mundra achieves Multiple Milestones, Setting New Records
• Become First Na onal Port to handle 51.2MMT in single month.
• Creates Na onal record by handling 45 vessel movements in 24 hours.
Cont’d. from Pg. 3
Record-Breaking Marine Operations:
In Current month, Adani Ports' marine team achieved a significant milestone by managing 45 vessel movements within 24 hours, surpassing the previous record of 43 vessel moves set on December 17-18, 2023. This accomplishment, the highest number of vessels handled by Mundra Port in a 24-hour period, showcases the team's dedication and efficiency in safely coordinatingcomplexmarineoperations.
Unprecedented Container Handling at Mundra Port:
In June 2024, Adani Ports, Mundra, achieved an unprecedented feat by handling the highest number of 1,594 container rakes, equating to 1.68 lakh TEUs. This exceptional performance also included the handling of the highest number of outward (import) TEUsinasingleday,with3,954TEUsmanagedbyatotal of33trains.
Senior Leadership of APSEZ, commented on these
milestones, stating, "These achievements are a testamenttoourteam'srelentlessdedication,innovative approach, and commitment to setting new standards in port operations. We are proud to contribute significantly to India's logistics capabilities and remain focused on drivinggrowthandexcellenceinallourendeavors."
Adani Ports and Special Economic Zone Limited (APSEZ)continuestoleadtheindustrywithitsstrategic initiatives, advanced infrastructure, and a steadfast focusonoperationalexcellence.
Adani Ports gets a rating upgrade from ICRA
MUMBAI: Ratings agency ICRA has upgraded the rating of Adani Ports and Special Economic Zone (APSEZ) to AAA/Stable from AA+/Stable. The company’s long-term fund based/non-fund based facilities,non-convertible debentures (NCDs) and commercialpapershavebeenupgradedtoAAA/Stable.
APSEZ announced the development after market hours and the Adani Ports shares recently ended at Rs 1,491.95 on the NSE, down by Rs 7.10 or 0.47%.
TheupgradecomesonthebackofaBloombergnews report, which said the company planned to ramp up its investment to Rs 100 billion ($1.2 billion) to boost its southern India trans-shipment container port. Citing people with knowledge of the matter, the report said the company is looking to lure some of
theworld’slargestships.
The investment in the first-of-its-kind Vizhinjam port inKerala ispart of the second phaseof the project that is expectedtofinishby2028,thereportsaid,quotingpeople familiarwiththeAdaniGroup’splanswhodidnotwantto beidentifiedasthedetailsarenotannounced.
The port, which is located near the southernmost tip of India, close to the international shipping routes and has deepest shipping channels, is set to receive the first container vessel from Maersk on July 12 as part of a trial runinthe800-metercontainerberth.
Adani Ports reported a 77% year-on-year (YoY) jump in its consolidated net profit to Rs 2,014.77 crore. The profit stood at Rs 1,139.07 crore in the year-ago period.Therevenuefromoperationsforthesaidquarter grew19%YoYtoRs6,896.50crorefromRs5,796.85crore.
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10/0811/08 TBATBA RC Ocean 040 MBK Line MBK Logistics Jeddah, Kumport (India Med Service) MAS Diamond Marine
TBATBA Grasmere Maersk 430W Q0873 300958-10/07 Maersk Line Maersk India Djibouti, King Abdullah, Jeddah (Blue Nile) Maersk CFS
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
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Safewater Safewater Lines U.K., North Continent, Red Sea & Med. Ports.
Team Global Team Global Log. U.K., North Continent & Scandinavian Ports. Pun.Conware
TBA 1000 MSC Antigua IV431A Q0945 1097042-17/07 (INDUSA) 29/0730/07 TBATBA W. Kithira 429W Q0874 300961-10/07 Maersk Line Maersk India Charleston, Norfolk, New York (Direct) Maersk CFS 03/0804/08 TBATBA Maersk Detroit 430W Safmarine
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
Q0914 1096846-15/07
08/08 1100 MSC Altair IS430A Q0962 1097282-20/07 Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 15/0816/08 15/08 1100 MSC Renee IS431A
Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel (Himalaya Express) Globelink Globelink WW USA, East & West Coast. (Himalaya Express) 24/0725/07 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 Q0913 1096845-15/07 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 25/0726/07 24/07 1000 MSC Rikku IU429A Q0916 1096855-15/07 MSC MSC Agency New York, Charleston, Huston, Freeport. Hind Terminals 01/0802/08 31/07 1000 MSC Silvana IU430A Kotak Global Kotak Global US East, West & Gulf Coast (INDUS)
28/0729/07 TBATBA Seaspan Ganges 4130 Q0879 300980-10/07 OOCL OOCL(I) Other US East Coast Ports. Dronagiri-2 04/0805/08 TBATBA Athenian 4131
Hapag ISS Shpg. ULA CFS (INDAMEX)
ONE Line ONE (India) India America Express (INDAMEX)
COSCO COSCO Shpg.
Indial Indial Shpg. US East Coast & South America
ICC Line Neptune New York,Norfolk,Charleston,Miami,Baltimore,Houston & Other Ports. GDL/Dron.-3 Team Lines Team Global Log. Norfolk, Charleston. Conex Terminal
Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
In Port 21/07 Cautin 2426W Q0817 300511-03/07 CMA CGM CMA CGM Ag. New York, Norfolk, Savannah, Miami, Santos, Dron.-3 & Mul. 24/0725/07
TBATBA Dalian Express 4329W Q0854 300810-08/07 ANL CMA CGM Ag. Itajai & other North American Ports. Dron.-3 & Mul. 31/0701/08 TBATBA APL Phoenix 0MXK1W1 Q0943 301433-17/07 COSCO COSCO Shpg. 07/0808/08 TBATBA Belita 0MXK3W1 Hapag ISS Shpg. ULA CFS Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 India Sub Cont. Med. Express (IMEX)
In Port 22/07 Aka Bhum 022E Q0822 300513-03/07 OOCL OOCL(I) USA East Coast & Other Inland Destinations. GDL 25/0726/07
TBATBA OOCL Hamburg 151E Q0886 301025-23/07 RCL RCL Ag USA East Coast & Other Inland Destinations. 01/0802/08 TBATBA OOCL Luxembourg 111E
20/0821/08 TBATBA Stratford 131E
24/0825/08
COSCO COSCO Shpg. US West Coast.
Yang Ming Yang Ming(I) US West Coast. China India Express III - (CIX-3) Contl.War.Corpn.
TBATBA Xin Da Yang Zhou 095E ICC Line Neptune US East, West Coast, Canada, South & Central American Ports. GDL-3 & Dron-3
22/0723/07 22/07 1500 X-Press Antlia 24004E Q0843 300690-05/07 ONE Line ONE (India) USA, East & West Coast, USA, South & Central America 27/0728/07
TBATBA MOL Presence 015E & Caribbean Ports, Canada. 07/0808/08 TBATBA Dimitris Y 246E Globelink Globelink WW USA, Canada, Atlantic & Pacific, South American & 17/0818/08 TBATBA One Reliability 006E West Indies Ports. (TIP Service)
28/0729/07 TBATBA One Modern 071W Q0903 301168-13/07
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VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT
TO LOAD FOR WEST ASIA GULF PORTS From NSICT
In Port 22/07 Maersk Cairo 430S Q0802 300350-01/07 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE)
Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS 22/0723/07 22/07 1500 X-Press Antlia 24004E Q0843 300690-05/07 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 27/0728/07
24/0725/07 24/07 0600 Wan Hai 515 E092 Q0841 300668-05/07 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS 26/0727/07
TBATBA Wan Hai 373 E001 Q0890 301103-12/07 COSCO COSCO Shpg. Ningbo, Shekou. 02/0803/08
TBATBA Jeju Island E406 InterasiaInterasia (CI2) 09/0810/08
TBATBA Wan Hai 369 E005 HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS 16/0817/08
TBATBA Wan Hai 501 E249 CU Lines Seahorse Ship Port Kelang(N), Hongkong, Qingdao, Shanghai. 25/0726/07
TBATBA Ital Unica 177E Q0847 1096185-06/07 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Shekou. Dronagiri-1 30/0731/07
TBATBA Wan Hai 521 E025 Q0924 301310-15/07 Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 06/0807/08
TBATBA Argolikos E163 Hapag/RCL ISS Shpg./RCL Ag. (CIX) ULA-CFS/ 13/0814/08
TBATBA Wan Hai 502 E125 TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 27/0729/07
TBATBA Conti Conquest 028E Q0918 301256-15/07 ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 03/0804/08
TBATBA Conti Crystal 137E Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 15/0816/08
TBATBA One Competence 091E HMM HMM Shpg. Seabird CFS (PS3 Service) Samudera Samudera Shpg. Dronagiri Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai Ocean Gate
TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT
23/0724/07 23/07 0700 KMTC Yokohama E2406 Q0827 300541-03/07 Wan Hai Wan Hai Lines Port Kelang, Jakarta, Surabaya Dronagiri-1 25/0726/07
TBATBA Wan Hai 309 023 Q0926 301308-15/07 KMTC/Interasia KMTC(I)/Interasia Port Kelang, Jakarta, Surabaya (AIS5/SI8 Service) Dronagiri-3/—
TBATBA ESL Busan 02431E Pendulum Exp. Aissa Maritime (NIX Service) Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS
Honiara Dronagiri-3 27/0828/08
TBATBA Pusan 33E Team Lines Team Global Log. Australia & New Zealand Ports. Conex Terminal 22/0723/07 22/07 1500 X-Press Antlia 24004E Q0843 300690-05/07 ONE Line ONE (India) Sydney, Melbourne, Fremantle, Adelaide, Brisbane, Auckland, Lyttleton.
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31/0701/08 TBATBA Xin Pu Dong 275E Q0942 301430-17/07 TS Lines TS Lines (I) Australia & New
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24/07 23/07 0900 Yokohama Star 2429S Q0823 300519-03/07 CMA CGM CMA CGM Ag. Longoni, Dar Es Salaam, Zanzibar, Nacala, P.Victoria
24/0725/07 TBATBA GH Tramotane 02SHXS1 Q0880 301004-10/07 Hapag ISS Shpg. & Other Ports (SWAX)
& Mul.
31/0701/08 TBATBA ESL Asante 2431S Q0948 301466-17/07 Emirates Emirates Shpg. Longoni, Dar Es Salaam, Zanzibar, Nacala & Other Ports Dronagiri-2 26/0727/07 TBATBA Volans 2429W Q0878 300977-10/07 ONE Line ONE (India) Durban, Cape Town, Tema, Tincan, Apapa. 02/0803/08 TBATBA Spil Kartika 2430W Q0921 301336-16/07 Hapag
09/0810/07 TBATBA Osaka 2431W 28/0729/07 TBATBA Contship Uno 24010W Q0857 300826-08/07 SeaLead SeaLead Shpg. Mombasa, Dar Es Salaam 04/0805/08 TBATBA TS Kwangyang 24005W OOCL/TS Lines OOCL(I)/TS Lines(I) (IDEA - INDIA DUBAI EAST AFRICA) GDL/—
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT
In Port 23/07 Norderney 086W Q0908 301242-15/07 ONE Line ONE (India) Mombassa, Beira, Maputo. (MJI) In Port 22/07 Maersk Cairo 430S Q0802 300350-01/07 Maersk Line Maersk India Mombasa, Victoria. Maersk CFS 28/0729/07
TBATBA Maersk Cape Town 431S Q0872 300910-10/07 (MWE SERVICE) 23/0724/07 TBATBA Maersk Florence 429W Q0870 300957-10/07 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS 30/0731/07 TBATBA Hedwig Schulte 0MSJHW1 Q0905 301203-13/07 CMA CGM CMA CGM Ag. Cotonou (Direct), Port Elizabeth, Port Louis (MESAWA) Dron.-3 & Mul. 08/0809/08
TBATBA CMA CGM Lebu 0MSJJW1 25/0726/07 TBATBA AS Christiana OMTHZW1 Q0867 300920-09/07 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3 & Mul. 01/0802/08 TBATBA Stanley A 0MTI1W Q0946 301457-17/07 Maersk Line Maersk India Pointe Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk CFS 05/0806/08 TBATBA CMA CGM Valparais 0MTI3W
Seatrade Durban, Port Elizabeth, Capetown, Maputo, Beira. (MIDAS-2)
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22/0723/07 22/07 1100 MSC Thais IS428A Q0914 1096846-15/07 MSC MSC Agency Tema, Abidjan, Khoms, Tripoli, Misurata, Tunis Hind Terminals 08/0809/08 08/08 1100 MSC Altair IS430A Q0962 1097282-20/07 Team Global Team Global Log. East, West & South African Ports. (Himalaya Express) Pun.Conware 24/0725/07 MSC Ruby IP429A Q0866 1096406-09/07 MSC MSC Agency Khoms, Tripoli, Misurata, Tunis Hind Terminals 26/0727/07 26/07 0900 MSC Chiara X IP430A Q0913 1096845-15/07 CMA CGM CMA CGM Ag. Dakar, Nouakchott, Banjul, Conakry, Freetown, Monrovia, Sao Tome, Bata, Dron.-3 & Mul. 02/0803/08 02/08 0900 MSC Roma IP431A Guinea Bissau, Nouadhibou, Dakar, Abidjan,Tema, Malabo & Saotome. (EPIC / IPAK) GlobelinkGlobelink West & South African Ports. Safewater Safewater Lines East, South & West African Ports (EPIC / IPAK) 25/0726/07 24/07 1000 MSC Rikku IU429A Q0916 1096855-15/07 MSC MSC Agency San Pedro, Monrovia, Dakar, Freetown, Alger, Annaba, Bejaia, Oran, Hind Terminals 01/0802/08 31/07 1000 MSC Silvana IU430A Casablanca, Nouakchott, Nouadhibou, Cotonou,Tincan/Apapa (INDUS) 26/0727/07 25/07 TBA MSC Monica III IB428A Q0789 1095739-01/07 MSC MSC Agency Port Louis, Durban. (ILANGA EXPRESS) Hind Termina
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CBIC releases National Time Release Study (NTRS) 2024
9 Ports witness reduction in average release time with a significant 50 percent reduction in case of Integrated Check Posts (ICPs) and 6 percent reduction in case of Air Cargo Complex (ACCs) Y-o-Y
Cont’d. from Pg. 3
NTRS 2024 has also looked at the CBIC Pre-payment Customs Compliance Verification (PCCV) initiative, in which all the Customs formalities are completed and final clearance is pending only for want of payment of duties by the importer. It was noticed that once the payment is made, the final Clearance is granted by the Customs through automated Machine Release process, on an average, within 3 minutes from the duty payment. Further, the bills of entrythathaveallthethreefeaturesadvance bills of entry, facilitated bills of entry, and AEO (Trusted Clients programme) bills of entry — report a significantly lower average release timeof46%forseaports,36%forICDs and 45% for ACCs than the overall releasetimeforthatportcategory.
For exports, the study distinguishes between regulatory clearance (customs release), completed with the grant of Let Export Order (LEO), and the wider aspect of physical clearance,
completed with the departure of the carrier with the goods. It was noticed thatthetimeofthearrivalofthecargo at the customs station/port to its regulatory clearance, marked by grant of Let Export order (LEO) has reducedforICDsandACCsin2024vis a vis 2023. In absolute terms, the average release time taken in export Customs clearance regulatory process, in 2024, stood at 22:49 hours for seaports, 30:20 hours for ICDs, 3:50 hours for ACCs and 5:28 hours for ICPs.
The Time Release Study (TRS) serves as a performance measurement tool aimed at providing a quantitative measure of cargo release time. This time is defined as the period from the arrival of cargo at the Customs station to its out-ofcharge for domestic clearance in the case of imports, and from the arrival of cargo at the Customs station to the eventual departure of the carrier in the case of exports.
NTRS 2024 has also attempted to expand the scope of time release study to cover the time taken in release of transit cargo from and to Nepal,cargoreleaseatICDGarhiand courier cargo handled by ACC Bengaluru. The quantification of time taken in the clearance of import and exportcargoatICDGarhiandcourier terminal, ACC Bengaluru has been included in NTRS 2024 with the intention to provide the benchmark dataforcomparisoninfuture.
The complete findings of the NationalTimeReleaseStudy2024can be accessed on the CBIC website (https://www.cbic.gov.in/).
The objective of NTRS 2024 is to present a comprehensive quantitative national-level assessment of the cargo clearance process for this year, compare it to performance during the correspondingperiodsoftheprevious years to measure success in terms of (a) the progress made towards the targets set under the National Trade Facilitation Action Plan (NTFAP) and (b) evaluate the impact of initiatives thatareputinplace.
Logistics key for India as a preferred Business Destination : World Bank
Cont’d. from Pg. 3
Decisive actions have been taken todevelopalogisticsbackboneforthe country. The national highways have expanded at an unprecedented rate, connecting ports to hubs of economic activity. The railways too have taken a quantum leapby buildingelectrified freight-only corridors that link manufacturingcentrestoportsonthe easternandwesterncoasts.
Long-defunct inland waterways are being rejuvenated. Many routes — including National Waterway 1 — have been strengthened, and efforts are on to move cargo through new river-to-seaconnections.
The Pradhan Mantri Gati Shakti NationalMasterPlanandtheNational Logistics Policy are key initiatives. The PM Gati Shakti initiative is breaking down the siloed approach to the planning and execution of multimodal infrastructure projects by integrating data from 16 ministries and departments onto a single Geographic InformationSystem-basedplatform.
Port and Customs services have also seen significant improvements. Cargo is now cleared much faster and containerised cargo can be tracked
digitally.Today,ittakesaboutadayfor a ship to turn around at the Nhava Sheva (JN) Port in Navi Mumbai. This is almost at par with Singapore, a world leader in logistics, which takes just 0.75 days. Gujarat has been ranked the top performer among coastal states in India, and West Bengal is taking advantage of its strategic location by placing a new thrust on logistics infrastructureandservices.
Evenso,newtechnologiessuchas big data and artificial intelligence can beputtogreaterusetofulfilthevision of a nationally integrated, costeffective, reliable, and digitally enabledlogisticsecosystem.
First, the PM Gati Shakti platform can be overlaid with information on trade flows across the country. This will enable planners to mine the plethora of data available from the Goods and Services Tax Network and E-Way bills to see where infrastructureneedstobeimproved.
Second, the multimodal logistics parks planned with connectivity to railway corridors can serve as warehouses and data centres, attracting private sector service
providers and investors, while giving manufacturerslast-mileconnectivity.
Third, the country’s youth will need to be equipped with the skills needed by this dynamic industry. Women too can benefit from new jobs, especially in softer skills such as packaging, sorting, and warehouse management. The Logistics Sector Skill Council is training workers in newer technologies to help them become full-fledged logistics professionals.
The World Bank has been supporting India through a variety of rail, road, and inland waterway projects. It is also helping the country increase digitisation and improve trade services, among other measures, and supporting the development of skills for this rapidly evolvingindustry.
India’s push to improve its logistics performance will not only improve its trade competitiveness, but will also increase jobs, and enable the country to emerge as a logistics hubfortheregionandbeyond.
By - Auguste Tano Kouamé is the World Bank's Country Director for India.
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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 22/07 Royal I MK2427E 300904-09/07
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The above vessel has arrived on 19-07-2024 at NHAVA SHEVA (NSIGT) with import cargo from JEBEL ALI, MANAUS, LIRQUEN, CALDERA, SAN JUAN, HOUSTON, NORFOLK, PORT EVERGLADES. Please note the item Nos. against the B/L Nos. for NHAVA SHEVA (NSIGT) delivery
Consignees are requested to kindly note that the above item nos. are for the B/L Nos. arrived for Nhava Sheva delivery. Consignees are requested to collect Delivery Order for all imports delivered at Nhava Sheva from our Import Documentation Dept. at Nhava Sheva - DN210 / DN211 / DN212, D-Wing, 2nd Floor, NMSEZ Commercial Complex, Plot No. 6, Sector - 11, Opp. JNPT Township, Dronagiri Node, Navi Mumbai - 400 707 , India and Mumbai - 1st Floor, MSC House, Andheri Kurla Road, Andheri (East), Mumbai - 400059 on presentation of duly discharged Original Bill of Lading and payment of relevant charges.
The container detention charges will be applicable after standard free days from the discharge of containers meant for deliver y at Nhava Sheva. The containers meant for movement by road to inland destinations will be dispatched upon receipt of required documents from consignees/receivers and the consignees will be liable for payment of port storage charges in case of delay in submission of these documents. Our Sur veyors are M/s. Zircon Marine Services Private Limited. and usual survey conditions will apply. Consignees are also requested to note that the carriers and their agents are not bound to send individual notification regarding the arrival of the vessel or the cargo. Incase of any query, kindly contact Import Customer Service - (022) 66378123; IN363-imports.mumbai@msc.com Get IGM No. / ITEM No. /CFS details on our
No. (IVRS No.) 8169256872
You can also visit our website: www.msc.com/ind/help-centre/tools/import-general-manifest-information
NHAVA SHEVA
India targets $110 billion FDI a year to help boost economy
NEW DELHI: India is aiming to boost annual Foreign Direct Investment by more than 50% to help lift economic growth, according to a top official at the Government’s investmentpromotionagency.
“Forthenextsevenyears,ourgoal is to draw $110 billion per year which amounts roughly $1 trillion plus over the next 10 years,” Nivruti Rai,
Managing Director of Invest India, said in an interview with Bloomberg TV’s Paul Allen recently. “We have to work hard toward growing at a rate higher than 10%.”
India’s annual average FDI in the seven years through March 2023 amounted to $71 billion, according to figures from the investment agency, which is a joint venture between the
Ministry of Commerce and private businesschambers.
Official data from the Government show a decline in FDI into India since 2022, even though the country is positioning itself as an alternative manufacturing hub to China, with companies like Apple Inc. setting up factories in the country in recent years.
DGFT pushing proposal to further extend interest equalisation scheme for Exporters
NEW DELHI: The popular interest equalisation scheme for exporters, that lapsed last month-end for all beneficiaries except for the MSME sector, may get extended for all. The Directorate General of Foreign Trade, under the Commerce Department, is moving a proposal to retaintheschemeinitsearlierformand will soon present it to the Expenditure Finance Committee (EFC) for its approval,officialsourceshavesaid.
“Once the EFC agrees to the proposal of retaining the interest equalisation scheme for all beneficiaries and decides on the time period for which the scheme should be extended, it will be sent to the Union Cabinetforclearance,”anofficialsaid.
The interest equalisation scheme, first implemented in April 2015 for five years, allows exporters of 410 identified products and all exporters from the MSMEsector,accesstobankcreditata subsidised interest rate determined by the government. The government then reimburses the banks for their lower interestearnings.
After the initial five years of the scheme, it was extended several times for smaller period of time. The last extension lapsed on June 30, 2024, following which it was extended for two moremonthsjustfortheMSMEsector.
“The two-month extension of the scheme for the MSME sector was to give breathing time to the Commerce & Industry Ministry to formulate a freshproposalforitsextensionandget the relevant clearance. MSME exporters are the most vulnerable, so they needed protection. Hopefully, the EFC will agree to extend the schemewithretrospectiveeffectforall exporters from July 1, 2024,” theofficialsaid.
Boost competitiveness
The DGFT has proposed that the scheme should be extended as it was providing an interest equalisation benefit at the rate of 2 per cent on pre and post shipment rupee export credit to merchant and manufacturer exportersofthe410identifiedtarifflines and 3 per cent to all MSME manufacturerexporters.
“Export bodies had made a case for higher subvention rates but the Commerce Department is proposing extension of the scheme at the rates that were in place when the scheme lapsed on June 30, 2024,” the official said.
The EFC is chaired by the Revenue Secretary so the scheme will get clearance if the Finance Ministry is on board. The Finance Ministry wants it to be firmly established that the scheme has been delivering results in terms of increasing exports, but a definite co-relationship is difficult to prove, theofficialsaid.
“The logic that the Commerce & Industry Ministry is pushing is that if peer countries, like East Asian countries and developed nations, have lower interest rate, then we are making ourexportersuncompetitivebecauseof ourownpolicies.Ourmonetarypolicyis affecting them. So, the idea is to bring interest rates at par or at least lower them a little so that the country’s exporters become more export competitive,”theofficialexplained.
Shipping Industry eyes revamped PLI scheme, green initiatives in upcoming Budget 2024
NEW DELHI: The shipping industry is expecting that the upcoming Union Budget 2024 will greenlight the revised productionlinked incentive (PLI) scheme for manufacturing shipping-grade containers. Specific reforms expected include increased funding for port modernisation and incentives for green shipping practices.
Centre is expected to revive production-linked incentive (PLI) scheme for manufacture of shipping containers in budget. The Ministry of Ports, Shipping, and Waterways has proposed a revised PLI scheme to boost the manufacturing of shippinggrade containers, after a previous plan for the same was shelved post cabinet discussions, government officialstoldMoneycontrol.
The revised PLI scheme recommended by the Ministry of Ports, Shipping and Waterways has a reducedbudgetofRs5,000croreanda
shorter tenure of three years.
The earlier proposal for Rs 11,000 crore of incentives over 9 years was shelved by the Cabinet Committee on EconomicAffairs(CCEA). What Budget may deliver
Expectations are also that the government may launch a maritime development fund with a corpus of Rs 15,000 to 20,000 crore to support shipbuilding firms with low-interest loans, reported CNBC Awaaz. The fund will provide loans to shipbuilding firm at cheaper rates withsimpleconditions.
The Budget could also see the announcement of a green ship scheme under which the government plans to promote pollution-free hydrogen-based vessels on domestic waterways,accordingtothereport.
The Centre is reportedly planning to replace oil-guzzling ships plying on theIndianriverswithcleanvesselsby providing incentives under its green shipscheme.
The Ministry has proposed a joint venture between the Shipping Corporation of India (SCI) and Indian Oil Corporation (IOC) for the manufacturing of large oil tankers, aiming to reduce dependence on foreignfirms,theCNBCAwaazreport added.
The shipbuilding scheme, as part ofwhich,thecompaniesreceiveupto 20 percent financing may be extended beyond 2026 in Union Budget2024.
The Shipbuilding Financial Assistance Policy (SBFAP), launched to promote the “Make in India” initiativeandsupporttheshipbuilding industry, may be extended beyond 2026.
This policy, which offers financial aid to Indian shipyards for contracts signed between April 1, 2016, and March 31, 2026, could continue with financial assistance remaining at 20 percent, suggested a Zee Business report.
The above vessels are expected/has arrived at NSICT on above mentioned dates with Import Cargoes in containers. Consignees are requested to obtain the Delivery Order by surrendering ORIGINAL BILLS OF LADING duly discharged on payments of relative charges as applicable within 5 days or else detention charges will be applicable.
Consignees will please note that the carriers of their agents are not bound to send individual notification regarding arrival of the vessel or the goods. For detailed information on cargo availability, please contact our office.
*Note: The importers having AEO status and those who are availing DPD facility for containerized cargo are allowed to pay Terminal Handling Charges (THC) directly to Ports/Terminal through their P.D Accounts. Upon making THC payment importers are requested to submit proof of payment duly stamped and acknowledged by Port/Terminal to Unifeeder Global FZCO for issuance of Delivery Order (DO) without Unifeeder Global Fzco’s THC Invoice and Receipt. Visit our Website : www.avanalogistek.com for Import Vessel arrival & IGM details
The captioned vessel is arriving at MUMBAI Port on 27.07.2024 with import cargo from CHINA.
Consignee expecting import cargoes on the captioned vessel are requested to present the ORIGINAL BILLS OF LADING duly discharged and obtain delivery orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignees risks and costs.
"Stamp duty" is payable as per the directive of the Superintendent of stamps.
Consignees will please note that the carrier and/or their agents are not bound to send individual notification regarding the arrival of the vessel or their cargo.
Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the PACKING LIST to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the Vessel/Owners/Agents will not be held responsible for consequences arising thereof.
In view of the customs notification in respect to the amendments to the manifest, the consignees are requested to contact the vessel agents office atleast 2 working days prior vessels arrival to verify and confirm that the declarations in the manifest to be filed are in conformity with the bills of lading issued and in possession of the consignees.
In the event of the consignees fail to present their documents for verification and confirm the correctness of the manifest prior filing of the same, the onus of any amendment that will be required after the filing of the manifest with the customs will be on the consignee/receivers who will be responsible for all risk, costs and consequences that may arise. Consignees requiring a steamer survey to be conducted for goods discharged may contact the agents office for the same..
As Agents
J.M. BAXI MARINE SERVICES PRIVATE LIMITED
Ready Money Mansion Bldg., 2nd Floor, 43 Veer Nariman Road, Near Fountain, Next to Akbarallys, Mumbai 400001 Tel : 61388177, 61388142, 61388140 / 98704 55206 / 98704 55209 Fax : 91-22-22040382 Email: jmbdocumentation-mumbai@jmbaxi.com, enq@jmbaxi.com
NOTICE TO CONSIGNEES
m.v.“SAN NICOLAS”
The captioned vessel is arriving at MUMBAI Port on 29.07.2024 with import cargo from CHINA.
Consignee expecting import cargoes on the captioned vessel are requested to present the ORIGINAL BILLS OF LADING duly discharged and obtain delivery orders. In the event of Mumbai Port Trust directing the shifting of the cargo from quay to a storage area within the docks, the same will be undertaken by the vessel agents at the consignees risks and costs. "Stamp duty" is payable as per the directive of the Superintendent of stamps.
Consignees will please note that the carrier and/or their agents are not bound to send individual notification regarding the arrival of the vessel or their cargo.
Consignees are requested to arrange for clearance of the cargo at the earliest on presentation of the PACKING LIST to our attending surveyors, as it is noticed that the cargo is arriving without proper Marks & Numbers and the same is also not indicated in the Bills of Lading for which the Vessel/Owners/Agents will not be held responsible for consequences arising thereof.
In view of the customs notification in respect to the amendments to the manifest, the consignees are requested to contact the vessel agents office atleast 2 working days prior vessels arrival to verify and confirm that the declarations in the manifest to be filed are in conformity with the bills of lading issued and in possession of the consignees.
In the event of the consignees fail to present their documents for verification and confirm the correctness of the manifest prior filing of the same, the onus of any amendment that will be required after the filing of the manifest with the customs will be on the consignee/receivers who will be responsible for all risk, costs and consequences that may arise. Consignees requiring a steamer survey to be conducted for goods discharged may contact the agents office for the same..
As Agents
J.M. BAXI MARINE SERVICES PRIVATE LIMITED
Ready Money Mansion Bldg., 2nd Floor, 43 Veer Nariman Road, Near Fountain, Next to Akbarallys, Mumbai 400001 Tel : 61388177, 61388142, 61388140 / 98704 55206 / 98704 55209 Fax : 91-22-22040382 Email: jmbdocumentation-mumbai@jmbaxi.com, enq@jmbaxi.com
TODAY’S TIDE 22/07/2024
Cargo Steamer's Agent's ETD
CJ-I SW South Wind Synergy Seaport 27/07
CJ-II Della Synergy Seaport 25/07
CJ-III Sweet Lady III BS Shpg. 26/07
CJ-IV Hai Phoung 87 Chowgule S. 24/07
CJ-V Athos Arnav Shpg. 25/07
CJ-VI Bellina Colossus Dariya Shpg. 28/07
CJ-VII Sand Topic Dariya Shpg. 24/07
CJ-VIII VACANT
CJ-IX Gramba Synergy Seaport 25/07
CJ-X AP Astarea Benline 24/07
CJ-XI Safeen Power Hapag Llyod 23/07
CJ-XII TCI Anand TCI Seaways 23/07
CJ-XIII Propel Grace Cross Trade 25/07
CJ-XIV Cariboo Synergy Seaport 26/07
CJ-XV Yuan Wang He Xie Mystic Shpg. 24/07
CJ-XVA African Wagtail Cross Trade 26/07
CJ-XVI Fortune ARK Trueblue 25/07
TUNA VESSEL'S NAME AGENT'S NAME ETD Linda Hope Taurus 23/07
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Symi
OJ-II Rabigh Sunshine
OJ-III SC Hongkong
OJ-IV Sea Elegant Samudra 23/07
OJ-V VACANT
OJ-VI Sanman Sitar Malara Shpg. 23/07
OJ-VII CL Huaiyang Interocean 23/07
African Bari Bird 18/07 USA
TCI Express 19/07 Manglore/Cochin/ Tuticorin
SCI Chennai 19/07 Jebel Ali
Doris 19/07 Tanzania
Haj Abdallah T 19/07 Yemen
Kwai Kwai 19/07 Castellon
Jaador 19/07
Patriot 19/07
Shamim 20/07 Bandar Abbas
SSF Dynamic 20/07 Port Khalifa
Aruna Eagle 20/07 USA
Hampton Ocean 21/07 Europe
VESSELS IN PORT & DUE FOR EXPORT
CJ-XVA African Wagtail Cross Trade
Stream AL Mothanna Malara Shpg. Dji Bouti
Stream Asi M Chowgule S. China
Stream BBC Zarate Marcons
Stream Cetus Cachalot Chowgule S. Korea
Stream Common Venture BS Shpg. Cotonou
CJ-II Della Synergy Seaport Nacala
23/07 Encore Krishna Shpg. China
VESSELS IN PORT & DUE FOR IMPORT DISCHARGE
CJ-IX Gramba Synergy Seaport New Zealand
CBM Pine Logs 2024061361
CJ-IV Hai Phoung 87 Chowgule S. Indonesia 5,051 T. Wood Pulp 2024061329
23/07 Imari DBC
LIQUID CARGO VESSELS
Stream Jal Kishan GAC Shpg. Al Jubail
23/07 Kruibeke Seaworld
Stream KS Angelina Samudra
Stream
Stream
Stream Sakura
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT
ADANI MUNDRA CONTAINER TERMINAL
In Port Kota Nilam (V-211W) PIL India Berbera In Port TS Hongkong (V-24002W) Unifeeder Agency Nhava Sheva 22/07 Xin Chang Shu (V-87E) Cosco Shipping Karachi
DP WORLD MUNDRA
EAST JAPAN,
GFS Giselle 2408 4072606 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)
02/08 01/08-PM CCNI Angol 430E 4072683 X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 03/08 Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, Port Kelang (FEX1)
TBA Asyad Line Seabridge Marine Haiphong, Shekou, Laem Chabang, (FEX) TO LOAD FOR INDIAN SUB CONTINENT
In Port —/— Kmarin Azur 427W 4062350 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA) 23/07 29/07 29/07-AM GFS Giselle 2408 4072606 Global Feeder Sima Marine Karachi (CSC) 30/07
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
Port Kmarin Azur (V-427W) 4062350 Maersk India Nhava Sheva
26/07 Maersk Cairo (V-430S) 4072454 Maersk India Port Qasim 27/07 SM Neyyar (V-429) - MBK Logistics Jebel Ali
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
Wan Hai 625 13E 2402639 COSCO/Evergreen COSCO / Evergreen Ningbo, Shekou, Singapore, Shanghai (PMX) 29/07 23/07 23/07-PM Northern Practise 31E 2402384 Feedertech Feedertech Port Kelang, Singapore, Leam Chabang.(AGI) 24/07 23/07 22/07-AM Zhong Gu Ji Nan 24004E 2402636 KMTC/COSCO KMTC / COSCO Shpg. Port Kelang, Hongkong, Qingdao. (AIS)
TS Lines Samsara Shpg
26/07-AM Wan Hai 309 023E 2402709 Wan Hai Line Wan Hai Lines Port Kelang, Jakarta, Surabaya. (SI8 / JAR)
KMTC / Interasia KMTC (I) / Interasia
Evergreen/KMTCEvergreen/KMTC (FIVE) TBA One/X-Press Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) — KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX) TO
Port —/— TS Hongkong 24002W 2402530 Evergreen / ONE Evergreen / ONE Colombo (CISC)
ADANI INTERNATIONAL CONTAINER TERMINAL PVT LTD. (AICT)
LOAD FOR WEST ASIA GULF PORT
TO LOAD FOR EAST, SOUTH & WEST AFRICAN PORTS
PIPAVAV PORT
In Port —/— MOL Presence 015E 24243 X-Press Feeders Merchant Shpg. Port Kelang, Singapore, Laem Chabang. 22/07 02/08 02/08-0500 Dimitris Y 0246E 24251 ONE ONE (India) (TIP) 03/08 22/07 —/— One Theseus 088E 24241 ONE ONE (India) Port Kelang, Singapore, Haiphong, Cai Mep, Pusan, Shahghai, 23/07 29/07 29/07-1500 Conti Conquest 028E 24250 HMM / YML HMM(I) / YML(I) Ningbo, Shekou (PS3) 30/07
24/07 24/07-0600 OOCL Hamburg 151E 24245 COSCO / OOCL COSCO Shpg./OOCL(I) Port Kelang, Singapore, Hong Kong, Shanghai, Xiamen, Shekou. 25/07 04/08 04/08-0600 OOCL Luxmbourg 111E 24252 Gold Star / RCL Star Shpg/RCL Ag. (CIXA) 05/08 24/07 24/07-2000 GSL Nicoletta 425E 24234 Maersk Line Maersk India Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, 25/07 27/07 27/07-2000 CCNI Angol 430E 24241 X-Press Feeders Merchant Shpg. Ningbo, Tanjung Pelepas. (NWX) 28/07
02/08 02/08-2000 X-Press Odyssey 24031E 24246 Sinokor / Heung A Sinokor India Port kelang, Singapore, Qindao, Xingang, Pusan. 03/08 02/08 02/08-2000 Xin Beijing 146E 24249 COSCO COSCO Shpg. Singapor, Cai Mep, Hongkong, Shanghai, Ningbo, Shekou, 03/08 Nansha, Port Kelang (CI1)
TO LOAD FOR WEST ASIA GULF, RED SEA & EAST AFRICAN PORTS
26/07 25/07-1800 W Kithiria 429W 24240 Maersk Line Maersk India Salallah, Port Said, Djibouti, Jebel Ali, Port Qasim. (MECL) 27/07 30/07 30/07-0300 Seaspan Jakarta 430W 24247 Maersk/GFS Maersk India/GFS Jabel Ali, Dammam (SHAEX)
02/08-0300 SM Neyyar 429W 24248
In Port —/— MOL Presence 015E 24243 X-Press Feeders Merchant Shpg. Muhammad Bin Qasim, Karachi, Colombo.
RCL/CMA CGM RCL Ag./ CMA CGM Ag.(I) 24/07 Wan Hai 515 (V-E092) Wan Hai Wan Hai Lines (I) Colombo & 25/07 26/07 Wan Hai 373 (V-E001) COSCO/Interasia Line COSCO Shpg./Interasia Shpg. Far East
24/07 Al Rumelia (V-2414) QNL/Milaha Poseidon
27/07 Oshairij (V-2414W) X-Press Feeder
25/07 API Bhum (V-009E) RCL/PIL/CU Lines RCL Ag./PIL India/Seahorse Far East
30/07 Kota Loceng (V-147E) Interasia/Evergreen Interasia Shpg./Evergreen Shpg.
24/07 San Pedro (V-042W) COSCO/OOCL COSCO Shipping/OOCL (i) Gulf
29/07 SM Neyyar (V-0427W) Maersk/Safeen Feeders Maersk
01/08 Seaspan Jakarta (V-0430W)
22/07 SSF Dynamic (V-072W) Safeen Feeders Sima
28/07 Wan Hai 506 (V - E234) Sinokor/Heung A Sinokor India Far
31/07 Yeosu Voyager (V - E906) Interasia Line Interasia Shpg.
Unifeeder/Wan Hai Unifeeder/Wan Hai Lines (I) 31/07 Xin Beijing (V-146E)
06/08 Zoi (V-115E)
Salalah Celsius Nairobi (V-0912) 20-07-2024 Jebel Ali Cap Andreas (V-012E) 21-07-2024 Colombo One Theseus (V-088E) 21-07-2024 Pipavav Haian
Milaha and Qatar Steel sign a 5-year stevedoring services agreement to help facilitate the global reach of Qatar’s steel products
DOHA: Qatar Navigation Q.P.S.C. ("Milaha"), the industry-leading provider of maritime and logistics solutions, and Qatar Steel, the leadingsteel-makingcompanyinQatar,todaysigneda5year agreement to provide stevedore services that will facilitate importing and exporting the products manufacturedbyQatarSteel.
According to the agreement, Milaha will provide Qatar Steel with complete logistic and lifting services, including trailers and forklifts, in addition to manpower to execute tasks efficiently and effectively at Qatar Steel’s berth located at Mesaieed Industrial City(MIC).
Commenting on the agreement, Milaha’s GCEO, Fahad Bin Saad Al-Qahtani, said: "We are thrilled to sign this agreement with Qatar Steel. This agreement reflects Milaha’s commitment to support national projects, particularly those contributing to the national economy and Qatar’s development. Milaha Logistics CentreofExcellencehasaproventrackrecordofsupply chainrobustnessandexcitedtoprovideQatarSteelwith therequiredstevedoreservices,includingtheimporting and exporting of products to ensure smooth and reliable operations.”
Under the terms of the new agreement, Milaha will leverage its extensive logistics solutions to deliver stevedoring services for the export and import of Qatar Steel's products, including rebars, billets, and coils Milaha's services will include the provision of trailers, forklifts, and skilled manpower, facilitating the timely delivery of Qatar Steel products to destinations worldwide.
On his part, Qatar Steel Managing Director and CEO, Abdulrahman Ali Al-Abdulla, said: “We are pleased to sign this agreement with Milaha This strategic partnership marks a significant step forward in optimising our import and export operations. We aim to work together to achieve greater efficiency a n d a g i l i t y i n o u
This aligns perfectly with our business strategy of expanding our reach into international markets, ultimately contributing to Qatar’s economic growth and solidifying our commitment to delivering exceptional valuetoourcustomersworldwide.”
The agreement signed between Milaha and Qatar Steel will positively promote local steel industries, wideningexportopportunitiesandincreasingmarketing scalability in support of core industries and the local manufacturingsector
CMA CGM embarks on a Strategic Partnership with Google to Deploy AI across all Shipping, Logistics
•An unprecedented partnership aimed at boosting shipping and logistics efficiency and adaptability
•The combination of each company's expertise and knowledge to create a distinctive, AI-assisted future for CMA CGM and its industries.
•The partnership will help CMA Media develop critical tools to assist its journalists in their day-to-day work, as well as high-impact training programs at TANGRAM for all CMA CGM associates.
MARSEILLE and MOUNTAIN VIEW: CMA CGM, a global leader in sea, land, air and logistics solutions, a n d G o o g l e a n n o u n c e d a strategic partnership to accelerate the integration of artificialintelligence(AI)acrossCMACGM'soperations worldwide.
By leveraging Google's proven AI solutions and insights from experts, CMA CGM will help empower its employees' decision-making. In fact, every program and tool developed within the partnership will be designed to assist users in their decision-making processes across severalkeyworkflows.
This comprehensive collaboration aims to revolutionize shipping by enhancing efficiency, responsiveness, and adaptability to market fluctuations and disruptions, resulting in faster and more responsive customer service As part of the partnership, CMA CGM will actively seek to optimize vessel routes, container handling, and inventory management to ensure efficient and timely delivery of goods while minimizingcostsandcarbonfootprints.
CEVA Logistics, the logistics arm of CMA CGM, will pioneer the data-driven future of logistics, focusing first on warehouse smart management aimed at better operating its 10.3 million square meters of warehouse space. The smart management tool, built on Google technology, will allow CEVA Logistics to better anticipateandplanitsoperationsthankstoanenhanced volume&demandforecasting.
Furthermore, the partnership will extend to CMA Media, providing an edge for CMA in the
media landscape. Google's AI expertise in this field will help CMA Media develop critical tools to assist its journalistsintheirday-to-daywork,suchassynthesizing and translating documents, generating media snippets for social networks, or digitizing and referencing archivesfromarticles,photos,orvideos.
ThepartnershipwilleventuallybenefitallCMACGM associates thanks to dedicated high-impact training sessions at TANGRAM, the Group's excellence centre forlearningandinnovation.
This collaboration is part of CMA CGM's overall strategytotransformitsbusinessthroughAIinnovation. It follows key moves such as CMA CGM's investment in Mistral AI, PoolSide, and Dataiku, as well as the launch of open science lab, Kyutai
Rodolphe Saadé, Chairman and CEO of CMA CGM, stated:"Iampleasedtoannouncethisglobalpartnership between the CMA CGM Group and Google to accelerate AI adoption across our operations. This collaboration aligns with our digital roadmap and investments, marking a crucial step in our transformation strategy. Together with Google, we will lead the digital revolution in shipping, logistics and media, optimize our processes, and enhance our competitive edge. We are committed to driving innovation with tangible benefits for our staff membersandourcustomers."
Sundar Pichai, CEO of Google and Alphabet : "By combining CMA CGM's deep expertise in shipping and logistics with Google's AI tools and secure infrastructure we can help CMA CGM digitally transform its own operations and those of its customers. This partnershipisaprimeexampleofhowAIcanassist employees, improve outcomes for customers, and revolutionizeindustries."
