Refer Back Pg.
Tel.: 2266 1756, 2266 1422, 2269 1407
Exim Transtrade (India) Celebrates 30 Years of Excellence in Global Logistics
MUMBAI: Exim
Transtrade (India) Pvt Ltd, a pioneer in global logistics solutions, proudly celebrates its 30th Anniversary, marking three decades of relentless commitment to delivering innovative, reliable, and efficientlogisticsservicesworldwide.
Founded on December 12, 1994, by visionary leaders Mr. Jayesh Jain, Mr. Pragnesh Jain, Mr. Lokesh Jain, and Mr. Shailesh Yagnik, Exim Transtrade has grown into a global leader in logistics, known for its dedication to excellenceandcustomersatisfaction.
Cont’d. Pg. 6
Yang Ming to launch India Ocean Express Service enhancing Service Network
TAIPEI: Yang Ming Marine
Tr an sp or t Co rp or at io n (“Yang Ming”) is proactively exploring new markets
In view of India's strong economic performance and itspositionasoneofthefastest-growingmajoreconomies, the Company is pleased to announce the launch of New India Ocean Express service (“ISE”), providing a Direct connection from West India, Sri Lanka, and PakistantotheNorthEuroperegion.
Cont’d. Pg. 6
WSC Board elects new Chairman and Vice Chairman ..Refer Pg. 10
(L-R) Mr. Lokesh Jain, Mr. Jayesh Jain & Mr. Pragnesh Jain
IAX Service
US East Coast
Ex - Nhava Sheva / Mundra / Hazira
To: New York, Savannah, Jacksonville, Charleston, Norfolk
FIM Service (West Bound) Med/Europe
FIL Service Latin America East Coast
FIM Service (East Bound) Asia
PS3 Service
Asia, US West Coast
Ex - Nhava Sheva / Mundra
To: Algeciras, Valencia, Barcelona, Genoa, Piraeus
Ex - Nhava Sheva / Hazira / Mundra / Kattupalli
To: Santos, Paranagua, Buenos Aires, Montevideo, Rio Grande, Navegantes
Ex - Nhava Sheva / Kattupalli
To: Singapore, Da Chan Bay, Busan, Shanghai
Ex - Nhava Sheva / Pipavav
To: Colombo, Port Klang West, Singapore, Ho Chi Minh, Los Angeles, Oakland, Haiphong
E-mail: org.hmm-in-05020200@hmm21.com
/ PIPAVAV / HAZIRA/ ICDs: Email: indes@hmm21.com
Exim Transtrade (India) Celebrates 30 Years of Excellence in Global Logistics
Cont’d. from Pg. 3
The 30th Anniversary celebrations coincided with the prestigious IICS Cargo Show2024.AgrandeventwasorganizedatIICSCargo to mark the milestone, bringing together the dedicated Exim team, industry pioneers, and key stakeholders. Reflecting on the journey, Mr. Jayesh Jain said, “This milestone is a moment of immense pride and gratitude. We extend our deepest thanks to our esteemed clients, partners, vendors, well-wishers, and our dedicated team for their trust and support. Looking ahead, our vision remains steadfast toset new benchmarks in the logistics industry while maintainingthehigheststandardsofservice”.
Looking Ahead with the energy and vision of next-generation leaders - Priya Jain, Karan Jain, JugalJainandLakshitJainEximTranstradeispoisedto conquer new horizons in global trade. The company’s focus remains on expanding capabilities, embracing digital transformation, and fostering sustainability while navigating the complexities of global trade withagilityandprecision.
Exim Group is a trailblazer in international logistics, specializing in Door-to-Door SCM Solutions, Global Procurement, Freight Experts, Cross Border Trade, Customs Compliance, Warehousing & Distribution & More. It holds prestigious
certifications such as IS/ISO and AEO, and memberships in FIATA, FFFAI, BCBA, JITO, WCA World and US FMC. EximGroupisasymbolof logistics excellence. Its extensive network spans India, USA, UAE, UK, China, and Africa, delivering tailored solutions with a strong emphasis on sustainabilityandtechnologicaladvancement.
The group includes Vibranic Global, Inc. USA (www.vibranic.com) and Priya Global (www.priyaglobal.in),drivinginnovationandprogress inthelogisticssector.
Stay Connected for more information about Exim Transtrade (India) Pvt Ltd and its journey, visit www.exim.ws. Follow us on [Facebook], [X],[LinkedIn],and[Instagram]@eximtranstradeto stay updated on our journey and contribute to shapingthefutureoflogistics.
Yang Ming to launch India Ocean Express Service enhancing Service Network
Cont’d. from Pg. 3
The ISE service will offer Direct connections and transshipment solutions across Indian Subcontinent, supporting customers in meetingtheirbusinessdemands.
The inaugural voyage will commence on February5th,2025.
Hyundai Oakland/V133W (ETA Karachi: 5thFebruary2025)
Hyundai Oakland/V133E (ETA London Gateway: 16thMarch2025)
Service rotation and note that the service will be routedviaCapeofGoodHope. Karachi- Hazira- Mundra- Nhava ShevaColombo-LondonGateway-Rotterdam-HamburgAntwerp-Karachi.
Ms. Priya Jain
Mr. Karan Jain
Mr. Jugal Jain
Mr. Lakshit Jain
WSC Board elects new Chairman and Vice Chairman
WASHINGTON/LONDON/BRUSSELS/ SINGAPORE: The World Shipping Council (WSC) Board of Directors has elected Soren Toft, CEO of MSC Mediterranean Shipping Company, as the new Chairman of the World Shipping Council Board. Randy Chen, Vice Chairman of Wan Hai Lines,hasbeenelectedViceChairman.
Soren Toft and Randy Chen will serve a two-year term, effective immediately. The new Chairman and Vice Chairman succeed Rolf Habben Jansen, CEO of HapagLloydAG,andJeremyNixon,CEOofONE,whohaveserved as co-Chairs of the WSC Board for two terms, starting November2020.
WSC President and CEO Joe Kramek highlights the extensive expertise that Soren Toft and Randy Chen will bring,andtheircontributionstotheglobalshippingindustry.
"I am looking forward to working with Soren Toft and Randy Chen in their new roles. Both are esteemed leaders with a proven track record of driving innovation and sustainability in the global shipping industry. Their experienceandexpertisewillbeinstrumentalincontinuing
to develop the World Shipping Council as the united voice of liner shipping,” says Joe Kramek.
“IalsoextendmysinceregratitudetoRolf Habben Jansen and Jeremy Nixon for their exceptional leadership over the past four years, during a critical time for the industry and WSC. Their commitment has been instrumental in the Council’s growth and development, strengthening its representation internationally and extendingitsscopeofwork,”saysJoeKramek.
“It is an honour to step into the role of Chairman for the World Shipping Council and to represent the global liner shipping industry alongside our members. WSC is today a respected voice of liner shipping, engaging with governments and organisations globally,” says Soren Toft, CEOofMSCMediterraneanShippingCompany.
“An ever-changing world presents both challenges and opportunitiesforourindustryasweheadintothefuture,and I am eager to further advance our work to shape the future growthofasociallyresponsible,environmentallysustainable, safeandsecureshippingindustry,”SorenToftadds.
CONCOR moves First Block Train (DICD-MDCC) of CMA-CGM
NEW DELHI ; CONCOR, ICD/DDL (Ludhiana) moved 1st Block train (DICD-MDCC) of CMA-CGM flagged off on 18.12.2024 in the presence of Deputy Commissioner of Customs/ICD/DDL, Senior officialsfromCMA-CGM.
Schedule day of train is every Wednesday. CONCOR is committed to provide more reliable services to our customers and in this direction scheduled day train services with association of CMA-CGM has been commenced from ICD DDL. Now customer can plan their export container movement with more certainty.
Allcargo Gati boosts MSME Fabric Cluster in Chickpet with Seamless Logistics Solutions
MUMBAI: Allcargo Gati Limited (formerly Gati), One of India’s leading Express Distribution and Supply Chain Management company, is playing a pivotal role in empowering the vibrant MSME fabric cluster of Chickpet, Karnataka. Known for its rich heritage in textiles, Chickpet serves as a hub for apparel wear cateringtomarketsacrossIndia.
In the span of seven years since commencing operations in 2017, Allcargo Gati has established itself as the trusted logistics partner for over 1,200 out of the 2000 manufacturers comprising of the Chickpet cluster. The cluster handles an average tonnage of 12-15 tonnes per day, and processes over 5,000 eDockets monthly. Supported by the Trade Associations, Allcargo Gati has transitioned to a fully paperless system and has been leveraging its eDocket service to ensure seamless and efficient logistics solutionsforitscustomers.
Commenting on this achievement, Mr. Ketan Kulkarni, Managing Director Gati Express and Supply Chain Limited, (GESCPL) said, “The Chickpet cluster is a testament to the resilience and entrepreneurial spirit of MSMEs. At Allcargo Gati, we take pride in offering tailored logistics solutions that meet the unique needs of this cluster. By ensuring efficient connectivity across India, we are not just facilitating business growth but also contributing to the larger visionofanAtmanirbharBharat.”
TheChickpetclustermembersassociatedwithAllcargo Gati primarily target 30% of North 20% of West , and 50% of East markets of India. While presence of major organized players like Allcargo Gati has significantly enhanced customer confidence in reliable and efficient logistics solutions in the Southern markets, which was traditionally served by local players. Known for their quick turnaround times and seamless operations, Allcargo Gati continues to strengthen its role in the Chickpet cluster, meeting the growingdemandfordependablesupplychainservices.
Adding to this, Mr. Uday Sharma, Chief Commercial Ofcer of Allcargo Gati, stated,“Ourfocushasalwaysbeen on delivering value to our customers through speed, reliability,andinnovativedigitalsolutions.Chickpet,withits richhistoryasoneofBengaluru'soldestareasandahubfor wholesale and retail cloth shops, has long been a vibrant centreforcommerce.Thequickturnaroundtimeandrobust operations we maintain here underscore our commitment tosupportingMSMEsinscalingnewheights.”
AllcargoGati’sfacilitiesareequippedtohandlealltypes ofpackages,supportedbyLogisticsparksthatfeaturehand pallet trucks for enhanced efficiency. The Company has a dedicated fleet of vehicles for the transportation of goods, ensuring reliable and timely delivery. In addition, the company offers track and trace facilities to deliver superior operational efficiency and improved inventory management.
VESSELS DUE AT MUMBAI FOR EXPORT LOADING
30/1231/12 Morning Lisa (Pan) 147 Eukor Car Carrier Parekh Marine South, Central America & Caribbean Ports 30/1231/12 Alliance Norfolk 140 Hoegh Autoliners Merchant Shpg. Kingston, Veracruz, Freeport, Jacksonville & South American & Caribbean Ports via Kingston 06/0108/01 AAL Pusan 13E24
AAL Line Merchant Shpg. Houston, New Orleans. 21/0125/01 Nowowiejsk 140 Chipolbrok Samsara Houston.
TO LOAD FOR FAR EAST / EAST, WEST & SOUTH AFRICA / AUSTRALIA & NEW ZEALAND
30/1231/12 Morning Lisa (Pan) 147
Eukor Car Carrier Parekh Marine Pyeongtaek. 30/1231/12 Alliance Norfolk 140
Hoegh Autoliners Merchant Shpg. Durban,Fremantle,Melbourne,PortKembla,Brisbane,AucklandviaDurban 21/0125/01 Nowowiejsk 140 Chipolbrok Samsara Singapore, Shanghai, Xingang.
PORTS
NOTICE TO CONSIGNEES
VESSEL VOYAGE ARR/ETA WAN HAI 316 222 NSICT 23-12-2024
VESSEL VOYAGE ARR/ETA INTERASIA ACCELERATE 003 BMCT 23-12-2024
The above vessel is arriving at NSICT/BMCT 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
AGENCIES INDIA
PVT. LTD. As Agents of : UNIFEEDER GLOBAL FZCO Unit No. 2002-2004, 2201-2204 & 2103 on 20th Floor, 21st & 22nd Floor, Building 02, Aurum Q Parc, Gen 4/1, TIC, Ghansoli, Thane Belapur Road, Navi Mumbai 400701 • Email : dhirendra.singh@unifeeder.com
VESSELS DUE AT
26/1227/12
Q2256 1114584-12/12
28/1228/12 TBATBA Zhu Cheng Xin Zhou 0QC03W1 Q2301 1115084-16/12
CGM CMA CGM Ag. Djibouti. (BIGEX 2) 04/0104/01 TBA TBA Zhong Hang Sheng 0QCSMW1
19/0120/01
TBATBA Sheng Li Ji SEN0125W Akkon Line Oasis Shpg. Aliaga Gemlik, Gebze (YIL Port), Ambarli, Felixstowe, Antwerp TO LOAD FOR U.K.,
In Port 23/12 Dubai Tower 24006R Q2231 111430-10/12 MSC MSC Agency King Abdullah, Jeddah. (Saudi Express) Hind Terminals
31/1201/01 TBA 0500 X-Press Dhaulagiri 24047R Q2309 1115170-17/12
23/1224/12 23/12 0900 Wan Hai 316 222E Q2197 1113812-05/12 X-Press Feeders Sea Consortium Jeddah, Al Sokhna
30/1231/12
TBA TBA X-Press Altair 25001W Q2313 1115214-17/12
06/0107/01 TBA TBA SSL Brahmapurta 922E Q2321 1115308-18/12
Wan Hai Wan Hai Lines (I)
UnifeederUnifeeder (RGI / IM1) Emirates Emirates Shpg.
28/1229/12 TBATBA Maersk Pittsburgh 451W Q2158 1113315-02/12 Maersk Line Maersk India Algeciras (MECL) Maersk CFS
04/0105/01
TBA Maersk Chicago 452W Q2281 114981-16/12 30/1231/12
TBA Wadi Duka 2427W Q2258
Maritime Seastar Global Jeddah (IRSS) 09/0110/01 TBATBA Folk Jeddah 2502W Asyad Line Seabridge
26/1227/12 TBA 1000 MSC Nerissa V IU451A Q2333 1115479-19/12
26/12 0900 MSC Candice IP452A Q2286 1115017-16/12
MSC Agency Antwerp, Le Havre, Rotterdam, Dunkirk, Felixstowe, Southampton, Hind Terminals 03/0104/01 03/01 0900 MSC Aquarius IP501A Helsingborg, Gothenburg & Red Sea, Med, Gioia Tauro (D). 10/0111/01 10/01 0900 MSC Lausanne VI IP502A SCI CMT Southampton, Rotterdam, Antwerp, Dunkirk, Felixstowe, Le Havre 17/0118/01 17/01 0900 SCI Delhi IP503A
COSCO COSCO Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. (EPIC / IPAK) Indial Indial Shpg. UK, North Cont, Scandinavian, Red Sea & Med. Ports. Seahorse Ship UK, North Continent, Scandinavian Ports & Riga, Klaipede, Tallim, St.Petersburg, Genoa, Valencia, Fos.
Globelink Globelink WW UK, North Continent, Scandinavian Ports & Ashdod, Piraeus, Thessaloniki, Athens.
TSS L'Global Ag. UK, North Continent & Scandinavian Ports. Dronagiri-2 AMI Intl. AMI Global UK, North Cont., Scandinavian, Red Sea & Med. Ports. Dronagiri-3 Kalko Faredeal UK, North Continent & Scandinavian Ports. Dronagiri-3 Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genova.
Safewater Safewater Lines UK, North Continent, Red Sea & Med. Ports. Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
28/1229/12 28/12 1100 MSC Vega IS450A Q2287 1115026-16/12 MSC MSC Agency UK, North Cont., Scandinavian, Red Sea & Med Ports. Hind Terminals 02/0103/01 02/01 1100 MSC Washington IS451A SCI CMT Barcelona, Felixstowe, Hamburg, Rotterdam, Gioia Tauro, 09/0110/01 09/01 1100 MSC Capella IS452A UK, North Continent & Other Mediterranean Ports. 18/0119/01 18/01 1100 MSC Paloma IS501A
NBCL Axis Shpg. Felixstowe, Rotterdam, Hamburg, Antwerp & All Inland Desti. Dronagiri-1 Himalaya Express Allcargo Allcargo Log. UK, North Cont., Scandinavian & Med. Ports. Dron.2&Mul. Service
ICC Line Neptune Felixstowe, Hamburg,Rotterdam & other Inland Dest. GDL-3 & Dron-3 GLS Global Log. UK, North Continent & Scandinavian Ports. JWR
Team Leader Team Leader Felixstowe, Rotterdam, Antwerp, Hamburg, Barcelona, JWR CFS Le Havre, Istanbul, Genoa. Team Global Team Global Log. UK, North Continent & Scandinavian Ports. Pun.Conware
TO LOAD FOR U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from GTI
24/1225/12 23/01 1800 Laem Chabang Express 4350W Q2130 1112906-28/11
Antwerp, London Gateway, Cagliari, Jeddah, Tangier. Dron-3 & Mul 27/1228/12
North Cont., Scandinavian, Red Sea & Med.Ports. ULA CFS 28/1230/12
TBA Frankfurt Express 4339E COSCO COSCO (I) UK, North Cont., Scandinavian, Red Sea & Med.Ports. 04/0105/01 TBA TBA Mundra Express 4352W ONE Line ONE (India) Hamburg, Tilbury, Antwerp, Red Sea & Med. Ports. 11/0113/01 TBA TBA Vancouver Express 5301W Gold Star Star Ship Hamburg, Antwerp, Tilbury. (IOS) Oceangate CFS
24/1225/12 24/12 2100 Koi 0MXL5W1 Q2186 1113638-04/12 Hapag ISS Shpg. Suez, Port Said, La Spezia, Genoa. Fos, Barcelona, ULA CFS 26/1227/12 TBA TBA Cypress 0MXL7W1 Q2260 1114619-12/12 CMA CGM CMA CGM Ag. Valencia, Cagliari. (IMEX Service) Dron-3&Mul 01/0102/01 TBA TBA Nansha Express 2452W Q2244 1114456-11/12 COSCO COSCO Shpg. P Said, La Spezia, Livorno, Genoa, Fos, Barcelona, Valencia, Algeciras 26/1227/12 25/12 2100 Maersk Guayaquil 451W Q2160 1113313-02/12 Maersk Line Maersk India Port Tangiers, Algeciras, Rotterdam, Felixstowe Maersk CFS 02/0103/01 TBATBA Maersk Gibraltar 452W Q2279 1114983-16/12 (ME 2) TO LOAD FOR
U.K., NORTH CONT., SCANDINAVIAN, RED SEA & MED. PORTS from BMCT
22/1223/12 21/12 2000 CMA CGM Gemini 0PEA2W1 Q2206 1113912-06/11 CMA CGM CMA CGM Ag.(I) Southampton, Bremerhaven, Rotterdam, Antwerp, Dron-3 & Mul 25/1226/12 TBA TBA CMA CGM Pegasus 0PEB1W1 Q2259 1114620-12/12 COSCO COSCO (I) Le Havre, Jeddah, Tangier, Algeciras. (EPIC) 25/1226/12 24/12 2200 Zagor 24041W Q2183 1113794-05/12 SeaLead SeaLead Shpg. Aliaga, Gebze, Gemlik, Istanbul, Mersin, EL Dekheila, Casablanca, Volta Container Corten Shpg. Venghazi, Algier, Raves, Constanta, Thessaloniki, Piraeus, Reel Shpg. Corten Shpg. Barcelona, Valencia, Misurata (West Asia Red Sea Med - WARM)
26/1227/12 TBATBA Kota Naga 2248W Q2241 1114437-11/12 PIL PIL India Djibouti, Berbeira (RGS)
03/0104/01 TBA TBA Kota Nanhai 011W Q2341
TO LOAD FOR BLACK SEA, EAST EUROPE
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
LOAD FOR USA, CANADA,
PACIFIC, SOUTH AMERICAN
TO LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN & WEST INDIES PORTS
In Port 23/12 Tubul 4151 Q2128 111287-28/11
17/01
Mariel
SCI Delhi IP503A Globelink Globelink WW USA,Canada,Atlantic & Pacific,South American & West Indies Ports. (EPIC / IPAK)
Intl. AMI Global South American Ports Via Antwerp (Only LCL). Dronagiri-3 Safewater Safewater Line US East Coast, South & Central America 27/1229/12
TBA CMA CGM Cendrillon 0INIPW1 Q2289 1115027-16/12 CMA CGM CMA CGM Ag. New York, Norfolk, Charleston, Savannah & Dron.-3 & Mul. 04/0105/01
APL Mexico City 0INIRW1
OOCL(I) Other US East Coast Ports. Dronagiri-2
TBA TBA APL Qingdao 0INITW1 ONE Line ONE (India) India America Express (INDAMEX) 18/0119/01 TBA TBA CMA CGM Don Pascuale 0INIVW1
COSCO COSCO Shpg. (INDAMEX) 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. ConexTerminal Pegasus Maritime Noble Shipping US East Coast & West Coast Dronagiri-1 Kotak Global Kotak Global US East, West & Gulf Coast
28/1229/12 28/12 1100 MSC Vega IS450A Q2287 1115026-16/12 MSC MSC Agency Baltimore,Boston,Philadelphia,Miami,Arica,Buenaventura, HindTerminals
02/0103/01 02/01 1100 MSC Washington IS451A Callao, La Guaira, Paita, Puerto Cabello, Puerto Angamos, Iquique, 09/0110/01 09/01 1100 MSC Capella IS452A Valparaiso,Cartagena,Coronel,San Antonio,Santiago De Cuba,Mariel 18/0119/01 18/01 1100 MSC Paloma IS501A Globelink Globelink WW USA, East
Port 23/12 Conti Annapurna 997E Q2210
ONE Line
(India) USA, East & West Coast, USA,South & Central America 23/1224/12 23/12 2100 MOL Presence 019E Q2251 1114531-12/12 & Caribbean Ports, Canada. 29/12 30/12 TBATBA
LOAD FOR USA, CANADA, ATLANTIC, PACIFIC, SOUTH AMERICAN
Jebel Ali. (BIGEX 2) 28/1229/12
TBA TBA CMA CGM Mendelssohn 0UW8OW1 Q2267 1114799-16/12 CMA CGM CMA CGM Ag. Jebel Ali, Abu Dhabi
Dron-3&Mul 31/1201/01 TBATBA CMA CGM Vitoria 0UW8SW1 Q2315 1115223-17/12 OOCL OOCL (I) (Bangladesh India Gulf Express) TO
LOAD FOR WEST ASIA GULF PORTS From NSICT
In Port 23/12 Maersk Cabo Verde 452S Q2114 1112594-26/11 Maersk Line Maersk India Port Qasim, Salallah. (MWE SERVICE) Maersk CFS In Port 23/12 Benita 0001 Q2248 1114527-12/12 Interworld Efficient Marine Bandar Abbas, Chabahar (BMM)
28/1229/12
TBA TBA Inter Sydney 0170 Q2346 1115684-20/12 Alligator Shpg. Aiyer Shpg. Bandar Abbas, Chabahar. 23/1224/12 23/12 0900 Wan Hai 316 222E Q2197 1113812-05/12 X-Press Feeders Sea Consortium Jebel Ali 30/1231/12 TBA TBA X-Press Altair 25001W Q2313 1115214-17/12 Wan Hai Wan Hai Lines (I)
06/0107/01 TBA TBA SSL Brahmapurta 922E Q2321 1115308-18/12 UnifeederUnifeeder (RGI / IM1) Emirates Emirates Shpg.
25/1226/12 25/12 1400 Terataki 2416W Q2189 1113664-04/12 Asyad Line Seabridge Jebel Ali, Umm Qasr.
25/12 26/12 TBATBA Garsmere Maersk 452W Q2161 1113316-02/12 Maersk Line Maersk India Jebel Ali, Salallah (Blue Nile)
01/0102/01
27/1228/12
08/0109/01
TBA TBA Maersk Boston 453W Q2278 1114987-16/12
TBA TBA Celsius Edinburgh 004W Q2062 1112122-23/11 ONE Line ONE (India) Jebel Ali.
Maersk CFS
TBA TBA Seatrade Peru 003W UnifeederUnifeeder Jebel Ali. (MJI/ESX) Dronagiri 19/0120/01
TBA Norderney 090W OOCL OOCL (I) Jebel Ali. 27/1228/12 TBA TBA RDO Favour 02450S Q2239 1114418-11/12 Emirates Emirates Shpg. Jebel Ali, Damman, Sohar.
07/0108/12 TBA TBA Zhong Gu Shen Yang 2452S RCL/CUL Line RCL/Seahorse
13/0114/12 TBA TBA APL Oregon OPUSYN1 KMTC KMTC (India) (VGX West Bound)
Zhong Gu Chang Sha 02444S CMA CGM CMA CGM Ag.
SeaLead SeaLead Shpg Alligator Shpg. Aiyer Shpg. Jebel Ali, Dammam
Q2158
FOR WEST ASIA GULF PORTS From NSIGT
03/0104/01 03/01 0900 MSC Aquarius IP501A
Abdullah.
10/0111/01 10/01 0900 MSC Lausanne VI IP502A SCI J.M. Baxi Salallah (EPIC / IPAK) 28/1229/12 28/12 1100 MSC Vega IS450A Q2287 1115026-16/12 MSC MSC Agency Salallah, King Abdulah. (Himalaya Express) HindTerminal TO LOAD FOR WEST ASIA GULF
PORTS From GTI
26/1227/12 25/12 2100 Maersk Guayaquil 451W Q2160 1113313-02/12 Maersk Line Maersk India Salallah (ME 2) Maersk CFS 26/1227/12 26/12 0600 Celsius Nairobi 0922 Q2261 1114626-12/12 X-Press Feeders Sea Consortium Khalifa, Jebel Ali. 28/1229/12 TBA TBA SCI Mumbai 24051W Q2297 1115055-16/12 UnifeederUnifeeder Basra. (ASX) QNL/Milaha Poseidon Shpg. Jebel Ali, Bandar Abbas. Speedy CFS Alligator Shpg. Aiyer Shpg. Jebel Ali. Cordelia Cordelia Cont. West Asia Gulf Ports. Bay Line Freight Conn. Port Sudan & Al Sokhna CWC,GDL&DR TO
LOAD FOR WEST ASIA GULF PORTS From BMCT
In Port 23/12 Chang Shun Qian Cheng 2405 Q1989 1110827-13/11 QNL/Milaha PoseidonShpg. Sohar, Dammam, Hamad. Speedy CFS 24/1225/12 25/12 1600 Stephanie C 2411 Q2190 1113669-04/12 Asyad Line Seabridge (MGX-2/FEX)
In Port 23/12 Vira Bhum 121W Q2164 1113370-02/12 RCL/BTL RCL Ag./Bharat Feeder Umm Qasr, Dubai. (RWG / IMI)
27/1228/12 TBA TBA Interasia Traveler 2404W Q2307 1115151-17/12
24/1225/12 24/12 0500 Asterios 2501W Q2263 1114695-12/12 Folk Maritime Seastar Global Dammam, Umm Qasr, Riyadh(Via Dammam).(IGXS)
30/1231/12 TBA TBA Borkum 2502W Q2314 1115224-17/12
26/1227/12 TBA TBA Kota Naga 2248W Q2241 1114437-11/12 PIL PIL India Jebel Ali (RGS)
26/1227/12 TBA TBA SM Neyyar 451W Q2264 1114750-13/12 Maersk Line Maersk India Jebel Ali Maersk CFS 01/0102/01 TBA TBA Seaspan Jakarta 452W Q2280 1114984-16/12 Global Feeder Sima Marine Jebel Ali, Bandar Abbas. (SHE) Dronagiri Alligator Shpg. Aiyer Shpg. Jebel Ali, 26/1227/12 26/12 2200 Advance 063W Q2228 1114257-10/12 COSCO COSCO Shpg. Khalifa, Jebel Ali, Sharjah, Bahrain 01/0102/01 TBA TBA Sprinter 064W Q2332 OOCL OOCL (I) (AGI-2)
27/1228/12 TBA TBA UGL Guangzhou 5224W Q2265 1114694-13/12 CU Lines Seahorse Shpg. Jebel Ali. (IMR1)
27/1228/12 TBA TBA EF Olivia 095W Q2252 1114540-12/12 Samudera Samudera Shpg. Jebel Ali, Dammam Dronagiri
29/1230/12 TBA TBA TS Dalian 015W Q2271 1114792-13/12 ONE Line ONE (India) Jebel Ali, Dammam (SIG)
28/1229/12 28/12 1000 Sprit of Kolkata 2420 Q2277 1114985-16/12 QNL/Milaha Poseidon Shpg. Hamad. (NDX)
Speedy CFS Emirates Emirates Shpg. Hamad. Cordelia Cordelia Cont. Jebel Ali, Sharjah, Abu Dhabi, Ajman, Dammam, Jubail, Hamad, Bahrin, Shuaiba, Shuwaikh, Sohar, Umm Qasr.
Alligator Shpg. Aiyer Shpg. Jebel Ali. BSS Bhavani Shpg. Jebel Ali, Doha, Kuwait, Bahrain, Bandar Abbas. Ashte CFS Seahorse Ship Gulf Ports. LMT Orchid Gulf Ports.
Dronagiri-3 Bay Line Freight Conn. Port Sudan & Al Sokhna CWC,GDL&DRT ICC Line Neptune UAE & Upper Gulf Ports. GDL-5 Team Lines Team Global Log. Gulf Ports. Conex Terminal
28/1229/12
TBA TBA SSF Dream 077W Q2217 1114114-09/12 Safeen Fdrs. Sima Marine Sharjah, Khalifa, Bahrain, Dammam, Umm Qasr, 04/0105/01
TBA TBA Al Rawdah 008W Q2320 Alligator Shpg. Aiyer Shpg. Sharjah, Khalifa, Bahrain, Dammam, Umm Qasr, 11/0112/01 TBA TBA SSF Dynamic 081W Aqua Container Aqua Container Ajman, Umm Al Quwain, Ras Al Khaima. (UIG) 29/1230/12 TBA 0500 MSC Brianna JU452R Q2283 1115016-16/12 MSC MSC Agency Sohar, Jebel Ali, Abu Dhabi, Dammam,Umm Qasr (UGE) Hind Terminal
01/0102/01 TBA TBA Hyundai Brave 112W Q2310 1115171-17/12 HMM HMM Shpg Karachi (FIM West Bound) 03/0104/01 TBATBA TB Fengze 34INDSTP Q2293 MDL Line Hub & Links Jebel Ali.
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
NSIGT
LOAD FOR INDIAN SUB CONTINENT from
30/1201/01 TBA TBA Seaspan Adonis 077E Q2274 1114838-14/12
Line
(India) Colombo. 09/0110/01 TBA TBA One Altair 067E Yang Ming Yang Ming(I)
(PS3 Service) Hapag/CSC ISS Shpg/Seahorse (PS3 Service) ULA CFS/ HMM HMM Shpg. Seabird CFS TO LOAD FOR INDIAN SUB CONTINENT from BMCT
23/1224/12 23/12 2000 X-Press Capella(*) 24008E Q2211 1114075-09/12 ONE/KMTC ONE(I)/KMTC(I) Karachi, Colombo
23/1224/12 23/12 1200 One Reputation 005E Q2184 1113605-04/12 X-Press Feeders Sea Consortium (CWX/CIX5) 01/0102/01 TBA TBA TS Keelung 24006E Q2266 1117422-13/12 TS Lines/PIL TS Lines(I)/PIL India (* Calling at
PORTS
PORTS from NSICT
CFS Dron. 30/1231/12 TBA TBA Shimin 25E Q2224 1114134-09/12 UnifeederUnifeeder Qingdao, Shanghai, Ningbo. Dronagiri 06/0107/01 TBA TBA Seattle Bridge 094E
TBA TBA Celsius Naples 907E
KMTC KMTC (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-3 27/0128/01
TBA TBA ESL Da Chan Bay 24007E
TS Lines TS Lines (I) P.Kelang,Singapore,Tanjung Pelepas,Xiangang,Qingdao,Laem Chabang. Dronagiri-2 03/0204/02
TBA TBA Ever Eagle 173E
HMM HMM Shpg. P.Kelang(S),Singapore, Xiangang, Qingdao,Kaohsiung. Seabird CFS (CISC Service)
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. P Kelang, Singapore, Jakarta, Yangoon, Surabaya, Belawan, Ashte CFS
25/1226/12 24/12 1500 BLPL Blessing 2418E Q2268 1114796-13/12 BLPL Transworld GLS Far East Ports. 28/1229/12 TBA TBA Grace Bridge 2408E Q2216 1114110-09/12 Global Feeder Sima Marine Port Kelang, Shekou, Shanghai, Ningbo Dronagiri 09/0110/01 TBA TBA Melbourne Bridge 2408E Q2262 1114684-13/12 Heung A Line Sinokor India
21/0122/01 TBA TBA Zhong Gu Hang Zhou 24005E Sinokor Sinokor India Seabird CFS 25/0126/01 TBA TBA Varada 2501E TS Lines TS Lines (I) (CSC)
Cordelia Cordelia Cont. Port Kelang, Far East & China Ports Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao. Speedy CFS 13/0114/01 12/01
VESSELS DUE AT NSFT/NSICT/NSIGT/GTI/BMCT FOR EXPORT LOADING
In Port 23/12 Conti Annapurna 997E Q2210 1114074-09/12 ONE Line ONE (India) Port Kelang, Singapore, Laem Chabang, 23/1224/12 23/12 2100 MOL Presence 019E Q2251 1114531-12/12 X-Press Feeders Sea Consortium Port Kelang, Singapore, Laem Chabang. 29/1230/12 TBA TBA Dimitris Y 250E Samudera Samudera Shpg. Port Kelang, Singapore, Laem Chabang. Dronagiri 12/0113/01 TBA TBA X-Press Anglesey 24035E RCL RCL Ag. Port Kelang, Singapore, Laem Chabang. (TIP Service) HMM HMM Shpg. Port Kelang(N), Port Kelang(W), Singapore. Seabird CFS
25/1226/12 24/12 2100 Argolikos E167 Q2232 1114305-10/12 Wan Hai Wan Hai Lines Port Kelang, Singapore, Kaohsiung, Hongkong, Dronagiri-1 31/1201/01
07/0108/01
TBA TBA Wan Hai 507 E226 Q2295 1115057-16/12
TBA TBA Wan Hai 511 E096
Evergreen Evergreen Shpg. Shekou. Balmer Law. CFS Dron.
Hapag/RCL ISS Shpg./RCL Ag. (CIX)
ULA-CFS/ 14/0115/01
TBA TBA Seaspan Brisbane 005E
TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2 26/1227/12
TBA TBA OOCL Hamburg 154E Q2176 1113440-03/12
OOCL/RCL OOCL(I)/RCL Ag Port Kelang, Singapore, Hong Kong, Shanghai, GDL/Dron-1 06/0107/01
TBA TBA OOCL Luxembourg 114E Q2270 1114795-13/12
APL CMA CGM Ag. Ningbo. Dron.-3&Mul. 14/0115/01
26/0127/01
28/0129/01
TBA TBA Stratford 134E
TBA TBA Xin Da Yang Zhou 098E
TBA TBA Xim Yantain 14E
27/1228/12
30/1231/12
07/0108/01
27/1228/12
03/0104/01
ONE Line ONE (India) Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.
COSCO COSCO Shpg. Port Kelang, Singapore, Hong Kong, Shanghai, Ningbo.
Gold Star Star Ship Singapore, Hong Kong, Shanghai. (CIX-3)
ANL CMA CGM Ag. Port Kelang, Singapore Dron.-3&Mul. TS Lines TS Lines (I) South East Asia, Far East, China. Dronagiri-2
27/12 0600 X-Press Odyssey 452E Q2194 1113764-05/12 Maersk Line Maersk India Port Kelang, Tanjung Pelepas, Singapore, Hongkong, Maersk CFS
TBA TBA X-Press Carina 501E Q2296 1115058-16/12 X-Press Feeders Sea Consortium Kwangyang, Pusan, Hakata, Shanghai. (NWX/FI-3)
TBA TBA X-Press Cassiopeia 24054E
Sinokor/Heung A Sinokor India Port Kelang, Singapore, Qingdao, Xingang, Pusan Seabird CFS
TBA TBA Interasia Momentum E051 Q2302 1115085-16/12 Wan Hai Wan Hai Lines Penang, Port Kelang, Hongkong, Qingdao, Shanghai, Dron-1 & Mul CFS
TBA TBA Wan Hai 515 E096 Q2294 1115060-16/12 COSCO COSCO Shpg. Ningbo, Shekou. 10/0111/01
TBA TBA Wan Hai 357 E020 InterasiaInterasia (CI2) 17/0118/01
TBA TBA Interasia Horizon E043
HMM HMM Shpg. Port Kelang, Singapore, Hongkong, Kwangyang, Pusan, Shanghai, Ningbo Seabird CFS 30/1201/01
TBA TBA Seaspan Adonis 077E Q2274 1114838-14/12 ONE Line ONE (India) Port Kelang, Singapore, Leme Chabang, Kaimep, 09/0110/01
TBA TBA One Altair 067E
Yang Ming Yang Ming(I) Shanghai, Ningbo, Shekou. Contl.War.Corpn. 14/0116/01
TBA TBA One Arcadia 071E
HMM HMM Shpg. Seabird CFS (PS3 Service)
Samudera Samudera Shpg. Dronagiri Gold Star Star Ship Port Kelang, Singapore, Hong Kong, Ningbo, Shanghai OceanGate
TO LOAD FOR FAR EAST, CHINA & JAPAN PORTS from BMCT
In Port 23/12 Chang Shun Qian Cheng 2405 Q1989 1110827-13/11 Asyad Shpg. Seabridge Shanghai, Ningbo, Shekou. (FEX) 23/1224/12 23/12 1000 Interasia Accelerate E003 Q2195 1113779-05/12 Sinokor Sinokor India Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Seabird CFS 29/1230/12 TBA TBA Northern Guard E928 Q2223 1114135-09/12 Heung A Line Sinokor India Hongkong
07/0108/01 TBA TBA Wan Hai 627 020E Wan Hai Wan Hai Lines
Dron-1 & Mul CFS 08/0109/01
TBA TBA Wan Hai 516 080E
InterasiaInterasia (CI6) Feedertech Feedertech/TSA Dronagiri 23/1224/12 23/12 2000 X-Press Capella(*) 24008E Q2211 1114075-09/12 ONE Line ONE (India) Port Kelang, Hongkong, Shanghai, Ningbo, Shekou 23/1224/12 23/12 1200 One Reputation 005E Q2184 1113605-04/12 X-Press Feeders SeaConsortium (CWX/CIX5)
01/0102/01
TBA TBA TS Keelung 24006E Q2266 1117422-13/12 KMTC/TS Lines KMTC(I)/TS Lines(I)
Dron-3/Dron-2 10/0111/01 TBA TBA Ever Shine 147E
Gold Star Star Ship 11/0112/01 TBA TBA KMTC Mundra 2407E
RCL/PIL RCL Ag./PIL India (* Calling at GTI)
Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao.
Speedy CFS 25/1226/12 25/12 0800 Zoi 118E Q2201 1113850-06/12 Evergreen Evergreen Shpg. Port Kelang, Singapore, Haipong, Qingdao, Shanghai, BalmerLaw.CFSDron. 27/1228/12 TBA TBA KMTC Dubai 2407E Q2292 1115037-16/12
08/0109/01
10/0111/01
24/0125/01
31/0101/02
26/1227/12
06/0107/01
26/1227/12
29/1230/12
04/0105/01
TBA TBA Ever Elite 171E
TBA TBA Zim Charleston 22E
TBA TBA Zhong Gu Gui Yang 02501E
TBA TBA Torrance 31E
TBA TBA Wan Hai 309 E028 Q2303 1115081-16/12
TBA TBA Interasia Progress E094
KMTC/Gold Star KMTC(I)/Star Ship Ningbo, Da Chan Bay
X-Press Feeders Sea Consortium (NIX Service)
Emirates Emirates Shpg
Pendulum Exp. Aissa Maritime
Blue Water Poseidon Shpg. Shanghai, Ningbo, Qingdao.
Dronagiri-3/—
Dronagiri-2
Speedy CFS
Wan Hai Wan Hai Lines Port Kelang, Jakarta, Surabaya Dronagiri-1
KMTC/Interasia KMTC(I)/Interasia Port Kelang, Jakarta, Surabaya (AIS5/SI8 Service)
TBA TBA Kota Cempaka 069E Q2242 1114445-11/12 RCL RCL Ag. Port Kelang, HaIphong, Nansha, Shekou.
TBA TBA Araya Bhum 020E Q2253 1114546-12/12 PIL PIL India
TBA TBA Interasia Amplify E004
CU Lines Seahorse Ship (RWA / CIX 4) 11/0112/01
TBA TBA Kota Cabar E075
Dronagiri-3/—
Evergreen Evergreen Shpg. BalmerLaw.CFSDron. 18/0119/01
TBA TBA Ever Excel E179
25/0126/01 TBA TBA Hemma Bhum 004E
InterasiaInterasia
Emirates Emirates Shpg.
27/1228/12 TBA TBA EF Olivia 095W Q2252 1114540-12/12 ONE Line ONE (India) Singapore
29/1230/12 TBA TBA TS Dalian 015W Q2271 1114792-13/12 Samudera Samudera Shpg. (SIG) Dronagiri
27/1228/12 27/12 1500 Xin Pu Dong 78E Q2229 1114256-10/12 KMTC KMTC (India) Port Kelang(W), Hongkong, Qingdao, Kwangyang, Dronagiri-3
04/0105/01 TBA TBA KMTC Chennai 2410E Q2331 TS Lines TS Lines (I) Pusan, Ningbo, Shekou, Singapore. Dronagiri-2 10/0111/01 TBA TBA KMTC Colombo 2408E COSCO COSCO Shpg. (AIS SERVICE)
25/0127/01
28/1229/12
31/1201/01
04/0105/01
11/0112/01
TBA TBA KMTC Jebel Ali 2409E
Emirates Emirates Shpg. Port Kelang, Hongkong, Qingdao, Kwangyang, Pusan,Ningbo, Shekou, Singapore Dronagiri-2
TBA TBA HMM Bangkok 0118E Q2218 1114112-09/12 HMM HMM Shpg. Singapore, Da Chan Bay, Busan, Kwangyang, Seabird CFS (FIM East Bound)
Sinokor Sinokor India Shanghai Seabird CFS
TBA TBA An Tong Fu Zhou 2403E Q2329 1115403-18/12 Sinolines Transorient Shanghai, Ningbo, Shekou & Other Far East Ports. SeaLead SeaLead Shpg. (CIW / FIX 2)
03/01 0900 MSC Carolina QS452R Q2275 1114894-14/12 MSC MSC Agency Port kelang, Singapore, Tanjung Pelepas, Laem Chabang, Hind Terminal Vung Tau, Da Chan Bay, Shekou. (SHIKRA)
TBA TBA Xin Shanghai 151E Q2272 1114793-13/12 COSCO COSCO Shpg. Singapore, Hongkong, Shanghai, Ningbo, Shekou, 14/0116/01
TBA TBA Beijing 107E APL CMA CGM Ag. Nansha, Taichung, Kaohsiung.
Dron.-3 & Mul (CI 1)
OOCL/RCL OOCL(I)/RCL Ag.
GDL/— CU Lines Seahorse Ship Singapore, Shanghai, Ningbo, Hongkong, Taichung, Kaohsiung.
VESSELS DUE AT
OOCL Luxembourg 114E Q2270 1114795-13/12
14/0115/01 TBA TBA Stratford 134E
26/0127/01 TBA TBA Xin Da Yang Zhou 098E
(I)
(I)
TO LOAD FOR AUSTRALIA & NEW ZEALAND PORTS from
FOR EAST, WEST & SOUTH AFRICAN PORTS from NSFT
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSICT
In Port 23/12 Maersk Cabo Verde 452S Q2114 1112594-26/11 Maersk Line Maersk India Mombasa, Victoria. Maersk CFS 29/1230/12
TBA Marathopolis 501S Q2157 1113314-02/12 (MWE SERVICE) 25/1226/12 24/12 1300 Hedwig Schulte 0MSKNW1 Q2222 1114133-09/12 Maersk Line Maersk India Durban, Luanda, Pointe Noire, Aapapa, Tincan, Maersk CFS 01/0102/01 TBA TBA CMA CGM Kribi 0MSKPW1 CMA CGM CMA
(India)
Beira, Maputo. (MJI) 27/1228/12 TBA TBA Fayston Farms 451S Q2159 1113317-02/12 CMA CGM CMA CGM Ag. Reunion, Durban, Pointe Desgalets, Walvis Bay, Luanda, Dron.-3&Mul.
Noire, Tincan, Apapa, Tema, Cotonou, Lome, Capetown. Maersk CFS 17/0117/01
Durban, Port Elizabeth, Capetown, Maputo, Beira. (MIDAS-2)
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS from NSIGT
26/1227/12 TBA 1000 MSC Nerissa V IU451A Q2333 1115479-19/12 MSC MSC Agency San Pedro, Monrovia, Dakar, Freetown, Alger, Annaba, Bejaia, Oran, Hind Terminals 02/0103/01 TBA 1000 Kotka IU452A Q2317 1115237-17/12 Casablanca, Nouakchott, Nouadhibou, Cotonou, Tincan/Apapa (INDUS)
27/1228/12 26/12 0900 MSC Candice IP452A Q2286 1115017-16/12 MSC MSC Agency Khoms, Tripoli, Misurata, Tunis Hind Terminals 03/0104/01 03/01 0900 MSC Aquarius IP501A CMA CGM CMA CGM Ag. Dakar,Nouakchott,Banjul,Conakry, Freetown, Monrovia, Sao Tome,Bata, Dron.-3&Mul. 10/0111/01 10/01 0900 MSC Lausanne VI IP502A
Bissau,Nouadhibou, Dakar,Abidjan, Tema, Malabo & Saotome. 17/0118/01 17/01 0900 SCI Delhi IP503A GlobelinkGlobelink West & South African Ports. (EPIC / IPAK) Safewater Safewater Lines East, South & West African Ports (EPIC / IPAK)
28/1229/12 28/12 1100 MSC Vega IS450A Q2287 1115026-16/12
TO LOAD FOR EAST, WEST & SOUTH AFRICAN PORTS
JAIGARH PORT LIMITED
GST Council may provide exporter status to intermediaries for tax relief
NEWDELHI:The55thGoodsand
Services Tax (GST) Council meeting on Saturday may provide relief to intermediaries such as brokers, agents, and online bidding portals that offer their services to entities abroad. This will be done by classifyingthemasexporters,making themzero-rated.
At present intermediary services are charged at 18 per cent under the Central GST Act. According to sources, the fitment committee of the GST Council has proposed an amendment to the Integrated GST ActbydeletingSection13(8)(b).
“This amendment would alleviate thefinancialburdenofthe18percent GST currently imposed on these services, thereby creating a more level playing field for Indian intermediariesincomparisontotheir foreign counterparts,” a source said. This proposal comes in the light of
show-cause notices (SCNs) of Rs 3,357 crore issued to these intermediaries. This may be dropped iftheamendmenttakeseffect.
In India, many individual and corporate brokers work as brokers or agents in the commodities market, especially related to textiles and leather goods. So providing the zeroratedbenefitwillgivebigrelieftothem.
Experts said online bidding portals like Mjunction, ONDC (Open Network for Digital Commerce) and MSTC would also benefit from the proposedamendment.
Vivek Jalan, partner with Tax Connect Advisory Services, said: “Ideally the service of the agent should be treated as export of services under Section 2(6) of the IGST Act and should be zero-rated. However,Section13(8)(b)ofthesame Act comes in the way and provides that the place of supply of services of
Service will be included
such intermediaries should be the placeoftheserviceprovider,inIndia.”
He added the 18 per cent was an additional burden on these intermediaries because the recipients of such services abroad wouldnotevengetinputtaxcrediton suchclaims.
Separately,thelawcommitteehas recommended the GST Council simplify providing input tax credit through the recently launched Invoice Management System (IMS), which helps businesses to track GST liabilities.
“The current system disregards the challenges of accounting timelines and reconciliation processes. This has led to financial burdens on suppliers who are often compelled to pay GST liabilities for which they are not liable,” said Rajat Mohan, senior partner, AMRG & Associates.
in coastal trade, according to the new Coastal Shipping Bill
NEW DELHI: India’s new Coastal Shipping law, which is awaiting Parliamentapproval,seekstoinclude “service”inthedefinitionof“coasting trade” that currently covers transportation of goods and passengers, making it easier to secure a license to operate offshore vessels.
Offshore vessels provide services without engaging in transportation of goodsandpassengers.
“In offshore areas, there is a lot of work going on for oil and gas exploration and research related activities. Those offshore ships are neither taking passengers nor transporting goods. They are supporting drilling, research activities etc. So, we have added service also within the ambit of the Coastal Shipping Bill. If an entity is providing service in any coastal area, then a license will be
required if it is not using an Indian flag ship,” a Government official said.
Indian flag ships will be exempted fromlicensingrequirements.
“There was ambiguity in the existing law; service was excluded, onlytransportationofpassengersand goodswereincluded.Now,everything hasbeenmadeclear,”theofficialsaid, noting that a license is required for foreign flag vessels that transport passengers, goods and provide servicesalongthecoast.
Service will cover oil and gas exploration activities, dredging, drilling, laying pipeline etc where neither passenger nor cargo is transported. A license will be made mandatory for providing these serviceswiththehelpofaforeignflag shipforthedurationofthecontract.
To be sure, offshore vessels currently take licenses if they are
chartered and brought into the country.
“Thereisnodirectprovisioninthe Merchant Shipping Act 1958 for licensing of offshore ships, but a license was taken for dealing with Customs and other agencies,” theofficialsaid.
TheCoastalShippingBill2024was drafted by carving out Part 14 of the Merchant Shipping Act, 1958 into a separate legislation to help the government make focussed policy decisions and give impetus to coastal shipping.
The new Merchant Shipping Bill 2024, which is also awaiting Parliament nod, will only deal with ship registration, survey and certification. The trade part will be covered in the Coastal Shipping Bill which deals with both coastal shipping and export-import trade, theofficialsaid.
Eric Garcetti calls for lower tariff, fair and equal trade with India
NEWDELHI: US Ambassador to India Eric Garcetti highlighted the potential of the US-India partnership, emphasising the need to lower tariffs and to increase trade and make it morefairandequal.
While addressing an event organised by the US-India Business Council (USIBC), Garcetti said, "We need, together, to lower tariffs, not to see them go up. We need,
together, to increase trade and to make it more fair and equal. We need to, together, make sure that there's training and talent that meets the needs of companies on both sides of theIndo-Pacific."
He further said, "We have to protect our trademarks and our intellectual property, and we have to make sure that transportation and infrastructure exists, for India to
reachitsgoalsmorequickly,thatisin theAmericaninterest,andviceversa, intheIndianinterestaswell.Soletus renewourcommitmenttobeingmore ambitious, to not settling for what is, and what is good, but reaching for whatcanbeandwhatwillbegreat."
The US Ambassador further praisedIndia'sworkforce,callingitas the "most extraordinary resources thathumanityhasonitsplanets."
China’s steel imports to India reached a record level
NEW DELHI: According to preliminary government data, India’s imports of finished steel from China hit arecordhighinthefirsteightmonthsof the fiscal year ending in March 2025, which heightened worries among domestic mills about low-cost shipments from China. India, the world’s second-largest producer of crude steel, was a net importer during the period, and total finished steel imports reached an eight-year high. According to the data, India imported 6.5 million metric tons of completed steel, a 26.6% rise from the previous year.
According to the data, China supplied1.96millionmetrictonsofsteel to India between April and November, a 22.8% increase from the previous year. Stainless steel, hot-rolled coil, plates,
electrical sheets, pipes, bars, and rods, as well as galvanized plain or corrugated sheets, were among the grades that Beijing mostly exported. According to the data, Japanese finished steel imports more than doubled to 1.4 million metric tons between April and November, hitting at least a six-year record. During that time, 79% of India’s total imports of finished steel came from China, Japan, and South Korea. During that time, the most imported steel product was hotrolled coils, while the most imported non-flatproducttypewasbarsandrods. In order to decide whether to levy a safeguard duty, a temporary tax, NewDelhihasstartedaninvestigation.
In the fiscal year that concluded in March 2024, India became a net importer of steel, and since then,
imports have risen rapidly. As New Delhi joins an increasing number of nations considering actions to limit imports, the influx of low-cost ChinesesteelhasforcedIndia’ssmaller factoriestoreduceoperationsandthink about laying off workers. India’s steel consumption has remained high in contrasttoothermajornationsbecause of the country’s strong economic growth and the introduction of new infrastructure projects. According to the report, finished steel exports from April to November hit an eight-year low. The biggest export destination for India’s finished steel was Italy, however exports decreased 31.8% annually. According to the report, finished steel shipments to Belgium and Britain increased by 6.9% and 16%, respectively.
India gears up for a potential trade deal as Trump targets China, say Govt sources
NEW DELHI: India is preparing to offertariffscutsonsomefarmandother goods mainly imported from the U.S., aiming to clinch a broader trade and investment deal once president-elect Donald Trump takes charge, Government and industry sources in NewDelhisaid.
To tackle Trump's threat of a "reciprocaltax"onIndiangoodsforhigh tariffs, some officials of the Indian commerce ministry are ready to consider cuts on certain products such as pork, a senior government source said. Currently India slaps about a 45% import tariff on pork, which is mostly suppliedbytheU.S.
Tariffs could also be reduced on high-end medical devices such as pace makers and luxury motor-cycles, including Harley Davidson, said a second official with direct knowledge of tradeissues,citingthe25%to60%tariffs ontheseproducts.
With bilateral trade between India andtheU.S.exceeding$118billioninthe 2023/24 fiscal year ending in March, and India enjoying a $32 billion trade surplus, the country is readying for trade talks with the U.S., aiming to clinch a broader trade and investment deal once president-elect Donald Trumptakesoffice.
To address Trump's concerns over the trade imbalance, officials have also proposed buying more LNG and defence equipment from the U.S., the secondofficialsaid.
Commerce ministry officials have
previously said they would wait for the Trump administration to take office before any offer of trade talks, while working out plans for possible negotiations.
Indian officials are also sensing an opportunity in Trump's plans to impose up to 60% tariffs on Chinese imports, by pitching India as an alternative manufacturingbase.
The government has held consultations on the issue within ministries, as well as with local thinktanks and industrial groups, said a government source who attended some ofthemeetings.
TRUMPGOODFORINDIA
"Thatisanopportunity,"said Arvind Virmani, a Government adviser and member of the state-run policy thinktankNITIAayog.
"It is in the interest of the U.S. and India that more of critical manufacturing or the sensitive manufacturing be done in India rather than China," he said, adding a "preferential trade cum investment deal," which is more ambitious than an earlier proposed mini-trade deal, would benefitbothcountries.
Ajay Sahai, director general at the Federation of Indian Export Organisations,saidhightariffsongoods from China would accelerate the process of global companies moving to India.
"We have to do our homework... Overall the coming of Donald Trump is definitelygoodforIndia,"hesaid.
During Trump's first term, a proposed mini-trade deal aimed at addressing trade imbalances and strengthening trade ties through limited agreements faltered over disagreementsontariffs,marketaccess andintellectualproperty.
India is now seeking a broader deal, offering significant concessions including production-linked incentives for shipping and support for logistics companies.
"Under Trump's 'Make in America programme', India could extend concessions for U.S. companies for manufacturing low-end products in India for their supply chains," said Ram Singh, a trade analyst at the state-run IndianInstituteofForeignTrade.
In the semiconductor sector, for instance, he said, India could become a hub for the production of low-end chips as part of the global supply chain while U.S. companies focused on high-end products.
Noting that India has attracted investments,suchasAppleInc'siPhone production, the sources said the government plans to offer further incentives in sectors like aircraft maintenance, semiconductors, electronicsandrenewables.
India also plans to allow 100% foreign direct investment in the insurance sector, up from the current 74% in a move that could help leading USinsurerslikeAIG.
The plan would require parliament approval.
Forex reserves fall to $652.87 billion, down $1.98 billion
MUMBAI: India's foreign exchange reserves dipped by $1.98 billion to $652.87 billion as of December 13, according to data shared by the Reserve Bank of India(RBI)recently.
For the previous week,
India's foreign exchange reserves dropped by $3.23 billion during the week ending December 6, 2024, settlingat$654.86billion.
Meanwhile,goldreserveswereup by $1.12 billion, bringing the total to $68billion.
The Special Drawing Rights (SDRs) dipped by $35 million, now totalling $17.99 billion, while the reserve position in the International Monetary Fund (IMF) contracted by $27 million, standing at$42.40billion.
Integration of industry with Government digital platforms to improve logistics sector: Piyush Goyal
NEWDELHI:UnionMinisterof Commerce & Industry, Shri Piyush Goyal called for a 100 per cent integrationofindustrystakeholders onto the Government platforms to improvethelogisticssector.During his address at the ULIP Logixtics Hackathon 2.0 Awards Ceremony here, he urged the participants to think about sustainability and integrate green practices into India’s logistics ecosystem. We have to adopt technology like electric mobility, biofuels, multimodal transport options to bring down overall carbon impact and make sustainability the core of ourthinking,hesaid.
Speakingonskilldevelopmentin the logistics sector, the Minister called for collaborations with institutions to train and build a future ready workforce. He called for leveraging the Government, private sector and the academia to enhance skill development in the logistics sector. Noting that innovation in building infrastructure is needed, he said that better road building techniques, faster processes for bidding out contracts are required.
Using Artificial Intelligence and Data Analytics, we can make sure thereisnotimeandcostoverrun,he said. The Minister also called for more hackathons with newer problemstatementsandhopedthat more hackathons could be organisedeverythreemonths.
Shri Goyal pointed out that Hackathon is the new style of governance model to solve problems in the country. It is inclusive, involves young minds, startups and innovators. This is Prime Minister Shri Narendra Modi’s‘SabkaPrayas’,headded.He further noted that Ease of Living andEaseofDoingBusinessarethe
two objectives the Government has set before itself and these two outcomes are necessary for the countrytobecompetitive. It encouraged participants to explore how data-driven analysis leveragingULIPAPIscanenhance the efficiency and sustainability of logistics operations. This year’s hackathon focused on five key categories: Data-Driven Optimization of Logistics Operations, Tech-Driven Logistics Innovation, Operational Efficiency and Optimization, Unified Documentation and Digital Transformation and Sustainable Logistics.
SHIPPING MOVEMENTS AT GUJARAT PORTS
TODAY’S TIDE 23/12/2024
Cargo Steamer's Agent's ETD
Jetty Name Name
CJ-I Mars J DBC 26/12
CJ-II Haj Abdullah T DBC 25/12
CJ-III Global Maharani Preetika Shpg. 27/12
CJ-IV Chitral Synergy Seaport 24/12
CJ-V Tai Honor DBC 25/12
CJ-VI Hua Si Hai Anline Shpg. 30/12
CJ-VII HPC Future Jeel Kandla 29/12
CJ-VIII Propel Glory Cross Trade 27/12
CJ-IX CSSC Immingham James Mackintosh 26/12
CJ-X Gautam Krishav Ocean Harmony 25/12
CJ-XI Vacant
CJ-XII SCI Chennai JM Baxi 24/12
CJ-XIII Penelop L Synergy Seaport 25/12
CJ-XIV YM Advance Interocean 24/12
CJ-XV Optimax II Mitsutor 25/12
CJ-XVA Baoshun Glory Chowgule Bros 25/12
CJ-XVI AC Renhe Trueblue Shipping 26/12
TUNA VESSEL'S NAME AGENT'S NAME ETD Prabhu Sumat Interocean 20/12 Sakizaya Future Interocean 20/12 Peney
OIL JETTY VESSEL'S NAME AGENT'S NAME ETD
OJ-I Severin Schulte
OJ-II DS Cougar Samudra 24/12
OJ-III Woojin Elvis
OJ-IV No.3 Ocean Pioneer
OJ-V Gas Nora Ocean Shpg. 24/12 OJ-VI Vacant
OJ-VII Stena Image Interocean
Steamer's Name Arrival on Next Destn.
Artam Voy 18/12 Bandar Abbas-Jebel Ali-Constanta-Chabahar
Doctor O 18/12 Yemen
Haj Ali 18/12 Yemen
Gautam Kavya 18/12
DS Sofie Bulker 18/12 Abidjan
TCI Express 19/12 Manglore-CochinTuticorin-Chennai
Prospect 19/12 Khor Al FakkanNhava Sheva
Mohsen Ilyas 19/12 Yemen
Queen Lila 20/12 Locanda Dawn 20/12 Abidjan Genco Columbia 21/12
Mandal 21/12
Inuyama 21/12 Korea Santa Angelina 21/12
Steamer's Name Agents Arrival on Bomustafa O DBC 24/11
Atlantis DBC 02/11
Haj Mohamad DBC 22/11
East Wind I Anline Shpg. 14/11
Mercury J DBC 19/11
Glamor Anline Shpg. 23/11
Soul Mercy Anline Shpg. 30/11
NJ Sun B S Shipping 07/12
Spinnaker SW DBC 11/12
Spring Oasis Seavision Shpg. 30/11
Sofia Shantilal Shpg. 13/12
Thassos Warrior Dariya Shpg. 17/12
Ansac Moon Bear Interocean 09/12
Zhong Xin Fa Zhan Chowgule Bros 18/12
Kiran Carribean Chowgule Bros 19/12
Dulce Diva Mihir & Co. 19/12
Gift Benline 18/12
SHIPS NOT READY FOR BERTH
Steamer's Name Agents Arrival on Humbergratch JMBaxi 02/12
Ansac Moon Bear Interocean 09/12
Pegasus 02 DBC 10/12
CJ-XVI
Stream
CJ-XVA Baoshun Glory Chowgule
Stream Bomustafa O DBC
Stream CS Sarafina ACT Infra Bera
Stream East Wind I Anline
Stream Eraclea
Stream Gautam Rehansh Ocean
Stream Gautam Kavya Ocean Harmony
Stream Gift Benline
Stream Glamor Anline Shpg.
CJ-II Haj Abdullah T DBC
Stream Haj Mohamad DBC
Stream Humbergratch JMBaxi
Stream Kiran Carribean Chowgule Bros
Stream Maple Harbour Cross Trade
CJ-I Mars J DBC
Stream Mercury J DBC
Stream Mohsen Ilyas Seacoast
Stream NJ Sun B S Shipping
Stream Pegasus 02 DBC
Stream Royal O DBC
Stream Sofia Shantilal Shpg.
Stream Soul Mercy Anline Shpg.
Stream Spring Oasis Seavision Shpg.
05-Jan
Stream Tulsi Sagar Inayat
Stream Vishva Ekta Ocean Harmony
Stream Zhong Xin Fa Zhan Chowgule
3 Nos. Windmill Blades
GENERAL CARGO VESSELS
Vessels Name Agent
Tuna Sakizaya Future Interocean
Lentils/Peas Stream Spinnaker SW DBC
Tai Honor DBC
Stream Thassos Warrior Dariya Shpg.
23-Dec Zhe Hai 522 JMBaxi
LIQUID CARGO VESSELS
24-Dec Al Barrah Interocean
24-Dec Bow Platinum GAC Shpg.
24-Dec Dawn Mansarovar Malara Shpg.
Stream Ding Heng 45 Samudra
OJ-II DS Cougar Samudra Saudi Arabia
T. Caustic Soda INIXY124122092
T. Chemicals INIXY124122018
Stream DM Bea Samudra 6,300 T. Chemicals
OJ-V Gas Nora Ocean Shpg.
Stream Heng Hui Young Wang Samudra
Chemicals 23-Dec Jal Kisan Anline Shpg.
Stream Jeil Crystal Wilhelmsen
Stream KG 7 Samudra Sohar Oman
Stream Korea Chemi Samudra Al Jubail
Stream M Regina Scorpio Shpg.
Stream Maersk Bering Seaport
Stream Siya Ram Samudra
OJ-VII Stena Image Interocean
Stream Telendos ISS Shpg.
Phos Acid
Chemicals INIXY124121958
SHIPPING MOVEMENTS AT ADANI PORTS
VESSELS DUE IN PORT FOR IMPORT DISCHARGE & EXPORT LOADING
DP WORLD MUNDRA
GULF PORT
Maersk Cabo Verde 452S 4114477 Maersk Line Maersk India Port Casina, Mombasa (MAWINGU)
29/12-AM Maersk Congo 452W 4124609 Maersk Line Maersk India Tema, Lome, Abidjan (MW2 MEWA)
TO LOAD FOR FAR EAST JAPAN, CHINESE PORTS & AUSTRALIAN
23/12 23/12-PM GFS Giselle 2413 4114488 Global Feeder Sima Marine Port Kelang, Busan, Gwangyang (CSC)
24/12 24/12-AM Benita 1 4124664 Interworld Efficient Marine China (BMM)
PORTS
25/12 24/12-PM Interasia Accelerate 3E 4124543 Heung A / WHL Sinokor (I) / WHL Port Kelang, Shekou, Dalian, Shanghai, Ningbo, Hongkong (C16) 26/12
TBA X-Press Feeder Sea Consortium Singapore, Dalian, Xingang, Qingdao, Busan, Kwangyang, Maersk Line Maersk India Ningbo, Tanjung, Pelepas, Port Kelang (NWX)
TBA Asyad Line Seabridge Marine Haiphong, Laem Chabang, Jakarta (IEX) TO LOAD FOR INDIAN SUB CONTINENT
23/12 23/12-PM GFS Giselle 2413 4114488 Global Feeder Sima Marine Karachi (CSC) 24/12 29/12 29/12-AM Maersk Congo 452W 4124609 Maersk Line Maersks India Colombo (MW2 MEWA)
TBA Sai ShippingSai Shipping Karachi (JKX)
TBA Asyad Line Seabridge Marine Karachi (REX)
CONTAINER VESSELS DUE / IN PORT FOR IMPORT DISCHARGE
23/12 GFS Giselle (V-2413) 4114488 MBK Logistix Nhava Sheva 23/12 Maersk Guayaquil (V-451W) 4114478 Maersk India Jebel Ali 24/12 Celsius Edinburgh (V-4S) 4114416 Unifeeder Agency Jebel Ali
CB-1 Gibe (V-112WB) Samsara Shpg. 24/12 CB-2 Folk Jeddah (V-2501W) Seastar Global 24/12
25/12 Interasia Accelerate (V-3E) 4124543 Interasia Line Nhava Sheva 28/12 X-Press Altair (V-25001W) 4124700 X-Press Feeder Karachi 29/12 Maersk Congo (V-452W) 4124609 Maersk India Nhava Sheva
Maersk Cape Town (V-451S) Salalah 21-12-2024 Wan Hai 613 (V-66E) Port Kelang 21-12-2024 Wan Hai 316 (V-222W) Nhava Sheva 21-12-2024
ADANI MUNDRA CONTAINER TERMINAL (AMCT)
Evergreen/ONE Evergreen Shpg/ONE Port Kelang, Tanjin Pelepas, Singapore, Xingang, Qingdao, Ningbo
Feedertech/TS Lines Feedertech / TS Line Shanghai (CISC) 26/12 26/12-AM X-Press Capella 24008E 2404620 One/X-Press Feeder OneIndia / SC-SPL Port Kelang, HongKong, Shanghai, Ningbo, Shekou. (CWX) 27/12 KMTC /TS Line KMTC India/TS Line (I) Port Kelang, Hongkong, Sanghai, Ningbo. (CWX)
26/12 26/12-AM HMM Bankok 118E 2404630 Hyundai Seabridge Maritime Singapore, Da Chan Bay, Busan, Kwangyang, Shangai. (FIM EAST)
PIPAVAV PORT
Seaspan
Adonis
LOAD FOR WEST ASIA GULF, RED SEA
EAST AFRICAN PORTS
Katupalli, Vishakhapatanam, Krishnapatanam, Cochin, Mundra. (CCG)
LOAD FOR US & CANADA WEST COAST
SHIPPING MOVEMENTS AT ADANI HAZIRA PORT
NHAI to develop road connectivity to Vadhvan Port under EPC Mode : Nitin Gadkari
NEW DELHI: The Union Minister of Road Transport and Highways, Shri Nitin Gadkari said that the National Highways Authority of India (NHAI) will build a 2,881 crore road link to the upcoming Vadhvan Port in Maharashtra using the Engineering, Procurement, and Construction (EPC) mode. Once traffic volumes increase following the port’s operational launch, the project will be monetized through the Toll-OperateTransfer (TOT) route.
The meeting agreed that the Build-Operate-Transfer (BOT) Toll model “may not be feasible” for the 32 km long, 8-lane highway stretch from NH 48 and Delhi-Mumbai Expressway to the planned Vadhvan port as the traffic flow would be low in the initial stages, particularly when the highway will become operational before the new port starts operations. There will be no traffic till the first phase of the port starts operations in 2029-30.
“But, once the traffic flow builds up with the development of the port, the toll revenues can be monetised through the TOT (model),” an official briefed on the meeting said, asking not to be named.
“NHAI will submit the proposal for approval of the Union
Minister of Road Transport and Highways, Nitin Gadkari, to take up the project on EPC mode,” the official said.
The meeting was informed that the land acquisition for the road and rail links to Vadhvan port is expected to be completed by the Jawaharlal Nehru Port Authority by March 2025
NHAI was directed to ensure that the EPC contract for the highway project was awarded before March 2025.
The work on the highway connectivity to Vadhvan port is expected to start in May 2025.
“This is a big boost to the Vadhvan port project,”
Mr. Unmesh Wagh, IRS, Chairman, Jawaharlal Nehru Port Authority, was quoted as saying recently which is helming the new port project.
“Now, the road link to the new port project will be ready in a year and facilitate the construction of the port apart from reducing time and cost,” he stated, adding that “everything is falling in place at a fast pace” for building the new port.
Gadkari also advised Chairman, Jawaharlal Nehru Port Authority to identify 150-200 acres of land along or near the road/rail link for setting up a multi-modal logistics park (MMLP) following a suggestion put forward by the Chief Executive Officer, National Highways Logistics Management Ltd (NHLM), a unit of NHAI.
Container sector spearheads a Bullish year for Global Shipping
LONDON: The last 12 months has seen values rise to near-record levels across several sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market according to Veson Nautical’s ‘2024 End- Of-Year-Report’.
The report states that the newbuild market experienced continued growth, with a notable rise in orders, particularly in the Post/Panamax and Capesize sectors. Chinese dominance in both ordering and shipyard production remains a defining trend, further consolidating their position in the bulker industry Containersectorcontinuesitsmeteoricrise
The report states that increased sailing distances from a prolonged Red Sea crisis became the main driver of demand in 2024 that culminated in global twenty foot equivalent unitmiles (TEU-miles) gaining around16% year-on-year, supported by around 6% growth in global trade. As a result, one-year time charter (TC) rates for container vessels rose across all sectors and at the end of the year, Post Panamax earnings hit US$73,330/day, more than double the levels seen at the same time last year and up by an impressive ~111% year-on-year
“The container market experienced remarkable growth over the past year, driven by increased demand, rising earnings, and a robust asset value resurgence across all sectors,” Rebecca Galanopoulos, Senior Content Analyst says. “This is also reflected in new ship orders which were up by around 76% year-on-year based on 321 deals including options, compared to 182 orders in 2023.” Strongmineralsexportsdrivingbulkermarket
The report also states that values for bulkers strengthened for most of the year, rising across all age sectors and sub types, when compared to 2023 levels. The most impressive gains were seen in the Capesize sector, where values for 15-year-old vessels of 180,000 DWT increased by around 26.1% year-on-year This was led by firm earnings for bulkers, driven by strong imports of iron ore, bauxite and coal to China, combined with the rerouting of vessels from the Red Sea around the Cape of Good Hope.
The longer distance required for this increased ton mile demand, and this has had a significant impact on earnings this year. However, although bulker values remain at very high levels compared to the historical average, levels have corrected lower in the final quarter of the year, due to somewhat weaker sentiment.
Bulltankermarkettailingoffasyearends
The report adds that the tanker market kicked off the year with a dynamic start with both rates and values in a strong position,supportedbytheincreasedtonmiledemandthathas occurred because of the sanctions on Russian oil and more recently, vessels travelling around the Cape of Good hope in order to avoid conflict in the Red Sea However, by the end of the year, earnings had corrected lower and second-hand sales slowed because of very high prices and weak demand from China combined with uncertainty over the recent US electionsandwhattheincomingPresidentTrumpmayholdin storefortheoiltrade.
LNGmarketnotkeepingpacewithothersectors
The report adds that earnings in the liquefied natural gas (LNG) carrier sector have been soft in 2024 on the back of delayed projects, increased vessel supply and high inventories. Large LNG one-year TC began the year around US$70,000/day but at the beginning of December it stood around US$26,000/day, making the 2024 average of around US$55,000/day, which is 52% below 2023 average. The typical peak season for LNG vessels have been absent this year as 62 vessels have been delivered and demand has struggled to keep up the pace.
“Looking at asset values for fixed age LNG vessels [Veson Nautical] sees firm value developments for all sizes and ages despite a softening in earnings,” Jarl Milford, Maritime Analyst at Veson Nautical says. “Overall newbuilding ordering activity for LNG vessels has increased year-on-year in addition to second-hand transactions and there has also been increased sales and purchase (S&P) activity for LNG vessels.”
Milford adds that the bullish conditions being witnessed in the container market in terms of newbuild orders is contributing to higher asset prices for other markets.
