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Customs Department proposes new simplified procedures for exports through India Post
laws relating to imports
by Post. Since 2016,
of India Posts
held a First ever Joint
Conference at Vigyan
through FPOs under
Bhavan in New Delhi
MEIS incentives from
recently to deliberate
Chennai, Mumbai &
Customs from all the States having Foreign Post Offices (FPOs) were present along with their counterpart
Delhi. Now, Customs may
the reform race by permitting e-commerce logistics to third parties. presentations on global Chief Commissioner exports through all Customs, Shri In order to cater to best practices and of FPOs, though without the SMEs and what identifying bottlenecks Sunil Sawhney, said MEIS benefits for may come as a major faced by exporters in that improvement in
now. One of the major boost to the Make India.“From a private bottlenecks in the in India program, sector perspective, it was Postal System is the Customs are proposing great to see customs and absence of Professional new simplified posts coming together
Post Master Generals. Customs
(DGFT) have worked together
infrastructure at Foreign Post
of postal department’s
Companies procedures for exports to find solutions for pan-India outreach which can facilitate through India Post. Indian e-commerce”, can unlock massive SMEs going global potential. In a progressive move, said Dr. Pritam export through online presence Amazon and DHL had Banerjee, Director and
postal been invited for making (South Asia) from DHL.
E-Way Bill for Intra-State movement of goods in the States of Assam & Rajasthan from this week
he Centre has informed that the e-way bill system for IntraState movement of goods would be implemented in two more states, namely Assam and Rajasthan, this week. As per the Ministry of Finance, the e-way bill rollout has been scheduled for Wednesday (May 16) in Assam, and Sunday 2
(May 20) in Rajasthan. The rollout of the e-way bill system, the Ministry noted, will enable trade and industry to be further facilitated insofar as the transport of goods is concerned, thereby eventually paving the way for a nationwide single e-way bill system. For those unversed, the Goods and Services Tax (GST) 4
Council had proposed the introduction of a system for inter-state movement of goods, which was rolled out from April 1 this year. As on May 13, the e-way bill system for Intra-State movement of goods has been rolled out in Andhra Pradesh, Arunachal Pradesh, Bihar, Gujarat, Haryana, Himachal Pradesh, EXIM
Jharkhand, Karnataka, Kerala, Madhya Pradesh, Meghalaya, Nagaland, Sikkim, Telangana, Tripura, Uttarakhand, Uttar Pradesh and Puducherry. The Ministry noted that as on the IN DEPTH
aforementioned date, more than 4,15,00,000 e-way bills have been successfully generated, including more than one crore e-way bills for Intra-State movement of goods.
10 PIRACY & SECURITY
APL further reduces fleet carbon emissions in 2017
PL has announced a 50.7 per cent reduction in carbon dioxide emissions per transported container per km in 2017, compared to its base level in 2009. This achievement marks APL’s eighth consecutive year of improved environmental performance, as reported
in the Business for Social Responsibility’s Clean Cargo Working Group (CCWG) Environmental P e r f o r m a n c e
Assessment (EPA) of APL’s 2017 carbon dioxide emission data. The CCWG EPA data was verified by Lloyd’s
Register Group according to the CCWG verification protocol and principles of ISO140643:2006 standard. While APL saw almost a 3 per cent improvement from the 48 per cent reduction in carbon dioxide emissions per transported container
per km in 2016, APLoperated vessels also recorded fuel savings of almost 5 per cent in 2017 compared to a year ago. The achievements are attributable to APL’s holistic approach in driving operational efficiencies, fleet and voyage optimisation, as well as the deployment of a fuel-efficient fleet of vessels, said a release.
New standard term sheet developed for syndicated ship financing
IMCO has developed a new standard term sheet for syndicated ship financing (SHIPTERM S) - the first industry standard of its kind for syndicated loans. The term sheet was approved for publication at BIMCO’s biannual Documentary Committee meeting on May 2 in New York. "Big financial institutions have their own term sheets that aren’t specifically designed for shipping loans and are often very complex; while small to
medium sized banks often don’t have a form to use at all. This makes it difficult and time-consuming for shipowners to make comparisons between loan offers from banks. SHIPTERM S solves this problem by providing a clearly written but simple standard format term sheet that would appeal to small to medium sized shipowners and banks alike," says Mr Francis Sarre, Chair of the BIMCO Documentary Committee. A term sheet is a short version of a full loan agreement used by
the negotiating parties to settle on the key terms such as base rate, repayment profile and maximum loan amount. The term sheet is passed along to the relevant legal team and serves as a foundation for a full contract that normally runs for more than 100 pages. A syndicated loan is provided by a group of lenders as opposed to bilateral loans between one lender and one borrower. The development of the term sheet was triggered by BIMCO’s Asian members and by Asian banks as syndicated financing of ships is now more common in Asia than in Europe. European banks are increasingly
"K" Line, NYK Line in LNG bunkering business joint ventures
L i n e , Chubu Electric Power, Toyota Tsusho and NYK Line have jointly announced that they have agreed to launch LNG bunkering business in Japan and have established two joint ventures.
LNG is expected to become an important alternative to heavy fuel oil due to its low emission rate of air polluting substances and greenhouse gases, which will enable ships to meet the increasingly stringent international regulations on emissions. The four companies had been in joint discussions on the commercialisation of
LNG bunkering business in the Chubu (central region) of Japan. They have now agreed to launch the business and on Thursday established two joint ventures to run it. Going forward, each of the four companies will utilise the expertise and strengths they possess to propel the "ship-to-ship bunkering" business, said a release.
more focused on providing bilateral loan agreements, said a release. "I think a standard term sheet specialised for syndicated ship financing will be a very useful tool," says Mr Julien Pierret, Director Export and Specialized Finance at HSBC. The advantage of a standard term sheet is that shipowners can reduce the time and effort spent on understanding terms provided by different banks and it can make the terms easily comparable. The banks, on the other hand, benefit from a set of clearly written "standard" terms for ship loans which include provisions for hazardous material recording and safe and environmentally
sound recycling, which are important elements for modern financial institutions. "The inclusion of terms on ship recycling and hazardous materials was key for the banks we collaborated with and it demonstrates the importance of these topics to the financial world," adds Mr Sarre. BIMCO consulted with more than 100 banking, legal and shipowning stakeholders to develop the syndicated term sheet. The Syndicated Term Sheet complements the existing BIMCO term sheet for bilateral ship financing named SHIPTERM, the release added.
Rolf Habben Jansen confirmed as CEO of Hapag-Lloyd until March 2024
The supervisory board of Hapag-Lloyd AG has unanimously approved to extend the contract of Chief Executive Officer Mr Rolf Habben Jansen for a further five years until March 31, 2024, informed a release. "With Rolf Habben Jansen at the head, Hapag-Lloyd has further improved its position as a leading global
liner shipping company in a challenging market environment and as an active driver of industry consolidation. The extension of his contract ensures continuity in the corporate management. We have thereby created the best conditions for the continuation of the successful course of Hapag-Lloyd. I am very much looking forward to our further cooperation," said Mr Michael Behrendt, Chairman of the supervisory board of Hapag-Lloyd AG.
Major Ports register positive growth in April
he Major Ports have recorded a growth of 1.78 per cent and together handled 56.81 million tonnes of cargo in April 2018, as against 55.82 million tonnes handled during the corresponding period of the previous year. Nine ports— Kolkata (including Haldia), Paradip, Vi s a k h a p a t n a m , Kamarajar, Chennai, Cochin, New
Mangalore, JNPT and Deendayal—registered positive growth in traffic in April. The highest growth was registered by Kolkata (12.56 per cent), followed by Kamarajar (12.08 per cent), New Mangalore (11.41 per cent), Paradip (11.12 per cent) and Chennai (7.55 per cent). At Kolkata Port, the overall growth was 12.56 per cent. During April 2018, Deendayal (Kandla) Port handled the highest
volume of traffic i.e. 9.32 million tonnes (16.41 per cent share), followed by Paradip with 8.15 million tonnes (14.35 per cent share), JNPT with 5.89 million tonnes (10.37 per cent share), Visakhapatnam with 5.13 million tonnes (9.03 per cent share) and Mumbai with 4.98 million tonnes (8.76 per cent share). Together, these five ports handled around 60 per cent of Major Port traffic. Commodity-wise,
the percentage share of POL was maximum i.e. 28.30 per cent, followed by containers (20.88 per cent), thermal and steam coal (17.06 per cent), other misc. cargo (13.17 per cent), coking and
other coal (7.41 per cent), iron ore and pellets (6.98 per cent), other liquid (4.29 per cent), finished fertiliser (1.02 per cent) and FRM (0.89 per cent), said an official release.
APM Terminals Pipavav facilitates time & cost savings through digitisation
ith more than 500 trucks per day passing through the gates at APM Terminals Pipavav, even the smallest efficiency improvement quickly adds up to hundreds of hours saved per day. The terminal’s latest digital solution also offers significant environmental benefits, cost savings and improved safety. APM Terminals Pipavav has developed an online version of Form 13 (gatein permits issued by terminals) required for each import/export container. Known as e-form 13, it will save close to 3 million km of road trips and their associated carbon emissions each year. For customers, this translates into time savings and fuel cost savings. With many of these kilometres often covered by couriers on motorbikes, this also means significantly less risk of fatal road traffic accidents. The new paperless system will also save millions of sheets of
waste paper per year and speed up the processing, highlighted a release. Earlier at APM Terminals Pipavav, shipping lines would collect multiple documents to issue completed Form 13 for each import/ export container. The truck arrived at the pre-gate waiting area and handed over the documents required to obtain Form 13 to gate in the container. The Customs House Agent then took the documents
on a 14 km round trip to the shipping line’s office to submit the documentation and wait for a manual Form 13. Once the trucker had Form 13, the details had to be entered in the Terminal Operating System by a pre-gate clerk. Only then could they enter the terminal. INTERCONNECTED SYSTEMS
In the new scenario, from the safety of his or her office, the Customs House Agent simply uploads the required documentation digitally onto the e-Form 13
platform. The shipping line verifies the uploaded documents via an approval screen and digitally approves them. This triggers an Approval Transaction Number and the Terminal Operating System is updated with the necessary information. The Customs House Agent sends the Approval Transaction Number to the driver via text message which enables the truck to pass through the gate. SMOOTH IMPLEMENTATION
The development partner for the new system was carefully selected based on their previous experience developing similar platforms to ensure that the transition went as smoothly as possible. Training sessions were run to ensure that all of those impacted by the change fully understood the process and implications. Through these training sessions, the terminal has also strengthened customer engagement, the release added
GAC’s Dubai South contract logistics facility opens
AC Dubai has opened its newest contract logistics facility, in the Logistics District of Dubai South. The new facility adds to the company’s existing contract logistics capacity and complements established facilities in the Jebel Ali and Dubai Airport Free Zones, bringing total capacity in the Emirate to over 170,000 pallet positions dedicated
to customers active in the local and regional markets. The 45,900 pallet, twochamber temperatureand humidity-controlled facility is designed to handle a diverse range of product categories including fast moving consumer goods (FMCG), food and beverage, beauty products and dangerous goods (DG) of classes 2, 3, 5.1 and 8. It also features a
2,400sqm dedicated Value-Added Services (VAS) facility, offering an extensive range of valueadded services to meet customers’ requirements and international quality standards. Fredrik Nyström, GAC Group Vice President for the Middle East, says: “The new facility opens as GAC Dubai celebrates 25 years of delivering contract logistics services. We were pioneers
Schenker India appoints Vishal Sharma as Chief Executive Officer India & Indian Subcontinent
in the region back in 1993, and this latest addition signals our continuing commitment to our customers and the Middle East. “Due to its strategic location, world-class infrastructure and open and free economic system, Dubai is the region’s leading commercial and trading hub as well as its key reexport centre. Growth in tourism, trade and aviation
Executive Officer, DB Schenker in APAC. With over 17 years of experience with Maersk, Mr Sharma held various strategic leadership roles in Europe and Asia, and is also well-versed in the 3PL and SCM industry, where he was Area CEO for India, Bangladesh and Sri Lanka of a 3PL. Besides, he has a wealth of entrepreneurial experience in start-ups and business incubation. He holds an MBA from Chicago Booth, and has a strong interest in technology solutions in fields such as analytics and SaaS, said a release. Reflecting on his new role, Mr Vishal Sharma
said, "Schenker India is a global leader in logistics and supply chain management and I am honoured to be part of this organisation and working alongside this team of amazing talents who have grown the business to what it is today. These are exciting times ahead, especially in the India logistics market. I’m looking forward to engaging with our customers across the various industries, to develop solutions for enabling and transforming their supply chains across India and the rest of the world."
sectors in the lead-up to Expo 2020 is set to drive increased domestic consumption, and we are confident that our new contract logistics facility will be able to meet the growth projections of our customers and businesses in Dubai and the region.”
L’Oréal India partners with Mahindra Logistics to implement its supply chain consolidation strategy
L chenker India Pvt. Ltd, part of DB Schenker, the transport and logistics division of the Deutsche Bahn Group, has announced that Mr Vishal Sharma has been appointed as the new Chief Executive Officer - India and the Indian Subcontinent, with effect from May 2, 2018. He will be succeeding Mr Oliver Bohm who has taken up a new role as Europe Chief Commercial Officer after spending 20 years in the Asia Pacific (APAC) region. Mr Sharma would be reporting to Mr Ditlev Blicher, Chief
eading beauty company L'Oréal India has partnered with 3PL solution provider Mahindra Logistics to implement its post-GST supply chain consolidation strategy which is focused on achieving efficiencies in total cost. As part of this, a distribution centre in Haryana was inaugurated recently by Pankaj Gupta – VP Operations South Asia L’Oréal. Pirojshaw Sarkari, CEO - Mahindra Logistics, said, “This strengthens our solutions in FMCG/ cosmetics sectors. We are certain that our unrivalled technology intensive logistics solutions will add value to L’Oréal and will enable them to achieve desired cost efficiency.”
Alok Oke, director operations, L’Oréal India, said, “India is one of the fastest growing beauty markets in the world and we are committed to investing in our operations here. The role of logistics is a key service differentiator for efficient and ontime delivery, in a cost-effective manner to multiple business channels.” “This distribution centre at Tauru Road, Haryana is part of our network consolidation. It is designed specially to fulfil the requirements of L’Oréal’s customers including distributors and modern trade in the National Capital Region (NCR), Western Uttar Pradesh and some parts of Rajasthan for specific product portfolio.”
Commerce Minister calls on Ministries to prepare action plan for boosting exports
he Minister of Commerce & Industry and Civil Aviation, Mr Suresh Prabhu, addressed secretaries and senior officers in the first interministerial meeting on Sectoral Export Promotion Strategy this week. The meeting was attended by Secretaries to the Government of India from Department of Commerce, DIPP, Electronics and IT, Animal Husbandry and Dairying and MSME, besides senior officers from about 14 other administrative M i n i s t r i e s / Departments including Agriculture, Textiles, Petroleum, Food Processing Industries, Pharma, Chemical and Petrochemical, Defence Production and MEA which are concerned with various product groups that comprise a substantial part of India’s merchandise exports. The Commerce Minister emphasised that exports are strategically important and that sustained growth in exports is critical for India. It is, therefore, imperative to promote exports as a combined and joint mission, which requires the effort of all ministries and departments of the government.
Mr Prabhu asked all officers to prepare an action plan on boosting exports of products being handled by their respective Ministries and send it to the Department of Commerce within the next fortnight. The action plan should also have short-term targets which are achievable in the next two months. The Department of Commerce will take the assistance of the Ministry of External Affairs to implement the action plans through India’s commercial missions abroad. The Minister informed that the Union Cabinet has accorded approval of Rs 5,000 crore to promote export of services in champion sectors, and the Department of Commerce (DoC) is organising the next global exhibition on export of services in Mumbai on May 15, 2018. He stated that the DoC is now actively associating with state governments for promoting exports, recognising the fact that states are the key stakeholders in export growth. Regional authorities of the DirectorateGeneral of Foreign Trade (DGFT) have been assigned
enhanced roles and responsibilities to liaise with state governments to assist in the formulation and implementation of state export policy and strategy and to represent the Department of Commerce in the State and Union Territory governments. Officers have been asked to identify a few districts under their jurisdiction to assess and prepare a dossier on their export potential and initiate measures to realise the full potential of actual exports from that area, he said. He added that on the external front, the DoC has engaged with about 150 countries in the last
few months. A task force on SEZs has also been set up to ensure that export potential from these zones is utilised fully. He informed the respective Ministries and Departments that DoC as well as the ITPO can organise road shows and exhibitions for their sectors and products. He said that a holistic approach to manufacturing and exports is the need of the hour, as a protectionist approach may actually have a negative impact on value-added items of export. There is need to look for new
markets as well as export new products. Ministries should work out the strategy, and after receiving the plans, DoC will organise further meetings with export promotion councils, trading houses as well as major exporters. A ‘Best Exporting Ministry/Dept. Award’ will also be announced, he disclosed. The Minister advised the EXIM bank to prepare an action plan to alleviate the financial difficulties being faced by exporters. Similarly, the FPI sector can take the help of NABARD for financing their projects. He announced that the arrangement for having interministerial meetings to boost exports with the concerned administrative ministries will be institutionalised by DoC, said a release.
Govt considering incentives for Merchant exporters to boost Export Organisations, manufacturer exporters exports
low growth in India’s exports has prompted the Government to promote merchant exporters, who contribute almost a third of India’s exports in value terms but can’t avail of some incentives meant for manufacturer exporters. M e r c h a n t exporters do not own manufacturing facilities but buy goods from manufacturers here and sell to overseas customers. They have the flexibility to procure goods from many sellers and sell them
after negotiating the best prices to foreign buyers. They are usually able to negotiate prices with buyers, sellers and shipping lines which are better than regular exporters.
The Department of Commerce is mulling ways to reduce the cost of credit for them. “It is crucial to promote merchant exporters and make use of their marketing and
negotiating skills with global partners,” said an official in the know of the development. According to Ajay Sahai, Director General of Federation of Indian
Tea exports touch all-time high in 2017-18
uring 2017-18, tea exports touched an all-time high of 256.6 million kg as compared to 227.63 million kg in the previous fiscal. Production of tea during the last financial year reached 1,325 million kg, an increase of almost 75 million kg over 2016-17, the Tea Board said in a communiqué. The growth in exports
are constrained by their capacity but merchant exporters are extremely competitive, which helps them bring in higher per unit realisation. “Japan and Korea too have adopted the approach of promoting merchant exporters as they follow the aggregator model and it has been successful there,” Sahai said. The plan to encourage merchant exporters has come at a time when the Government is relooking at its export promotion schemes and making them compliant with global trade norms. was primarily driven by countries like Egypt (a rise of 7.5 million kg), Iran (increase of 6.95 million kg), Pakistan (increase of 4.96 million kg), China (up 2.91 million kg) and Russia (up 2.89 million kg). Export realisation in the last financial year was $785.92 million while in 2016-17 the export realisation was $95.19 million lower, the Tea Board said.
Special Package for textiles boosts exports : AEPC survey
he Rs 6,000 crore special package announced in 2016 for textiles and apparel sector was a step in the right direction, as per the findings of an Apparel Export Promotion Council survey conducted to gauge the impact of the Special Package on country’s textile exports. The Special Package for textiles has not only boosted Country’s textile exports but has also helped in increasing the investment.
As per the AEPC survey, the Special Package had generated additional investment of around Rs. 2500 cr. and additional employment of around a lakh in the
first twelve months of the roll out. The findings of the AEPC survey suggests that the package had a positive impact on garment industry. After
its implementation in & October, 2016 - +12.9 September, 2016, India’s per cent +10.97 per cent Ready Made Garment respectively. exports has increased by Commenting on the 2.7 per cent in value terms findings of the AEPC and grown by 6.4 per cent survey, Mr. HKL Magu, in volume terms. Chairman, Apparel There is direct Export Promotion Council correlation between (AEPC) said," the package release of the package has been a well thought to exporters vis-a- out scheme, which had vis increase of India's a positive impact on Ready Made Garment garment industry. There exports like in month is direct correlation of announcement & between release of funds implementation of the to exporters vis-a-vis package in August - increase of India's RMG 2016 +3.9. September exports.”
Softer Dollar Lifts Global Stocks
he Stoxx Europe 600 was roughly flat in early European trading, following a rally in Asia. In Europe, basicresources stocks were among the bestperforming, rising 1.4%, while health-care stocks fell 0.7%. Futures contracts on the Dow Jones Industrial Average and S&P 500 were unchanged in early European trading. The WSJ Dollar Index was roughly flat Friday, after it suffered its biggest decline in seven weeks Thursday after weaker-thanexpected increases for U.S. consumer prices in April. The dollar, along with bond yields, fell
on cooled concerns of a more-aggressive pace of rate increases from the Federal Reserve. On Wednesday, the dollar had reached its highest level of 2018 to date. Some investors credited the pace of the dollar’s recent increases to the continued divergence between the U.S. and other markets. “The only region really still showing positive economic surprises is in the U.S., which really leaves the Fed as the lone hiker,” said Trevor Greetham, head of multiasset at Royal London Asset Management. “Really what we’re seeing is signs in various markets of global growth peaking.” The softening of the
greenback on Thursday was the driver of Friday’s gains in Asia, according to Hong Kong-based Ample Capital’s director Alex Wong. Japan’s Nikkei rose 1.2%, while Hong Kong’s Hang Seng was recently up 1%. Malaysian markets remain closed until Monday after a surprise opposition win in elections. But Ample Capital’s Mr. Wong added that it is too early to make the call that the market has turned a corner, as many investors are remaining on the sidelines while
the U.S.-China trade spat continues. Equities in mainland China bucked the trend in Asia, with the Shenzhen A-Share Index falling 1%. Not all analysts saw the weaker inflation figures as a reason to change their views on the Federal Reserve’s pace of interest-rate increases. “I have a used car to sell to anyone thinking
that the Federal Reserve are going to be dissuaded from their current pace of rate hikes by a one-month fluctuation in the price of secondhand vehicles,” wrote Michael Every, strategist at Rabobank in an email Friday. Used car sales were a major contributor to the fall in consumer price growth. Brent crude oil prices were recently down 0.5% to $77.12 a barrel.
China Stocks Lead Asia Higher, Lifted By Commodities PING AN HEALTHCARE CONTINUES TO STRUGGLE
he global equity rebound continued Monday in Asia after U.S. stocks rallied Friday on a solid April jobs report. The gains were led by China, where indexes rose by more than 1% despite a lack of progress on trade talks with the U.S. Small-cap companies outperformed, with the startup-heavy ChiNext climbing 1.7%. Daxiao Li, chief economist at Yingda Securities in Shenzhen, said sentiment on the sector was lifted by China’s late-Friday release of draft rules for depositary receipts. The rules would pave the way for Chinese technology companies listed abroad to also trade on the mainland. More broadly, the
market was helped by recent stock purchases by some major Chinese firms and executives, Li said, as well as a slower pace of initial public offerings. China’s stock market often struggles when the number of IPOs rises, as investors typically sell stocks to put some money into the debuts. China’s gains helped push up Hong Kong’s benchmark index by 0.5% and a measure of Chinese stocks traded there by 1%. The Hang Seng Index has underperformed amid worries about the city’s interest rates and the Hong Kong dollar, with the index falling in six of the previous seven weeks. Ping An Healthcare (1833.HK) continued to struggle after its debut on Friday, when it had the worst performance
among major tech IPOs globally since October 2015. The stock was down 5.8% at midday. “This isn’t surprising as we’ve seen some other high-profile newly listed stocks trading below their IPO prices not long after their debuts,” noted Li Kwok Suen, a fund manager at Phillip Capital Management. Commodities stocks helped Asian equities reverse Friday’s broad selling, which was led by weakness in
financial shares. The U.S. oil benchmark topped $70 a barrel for the first time since late 2014 on Monday, rising 1% alongside a similar increase in the Brent global standard. Several stock indexes in the region were up by at least 0.5%, with Indonesia’s benchmark up 1% after a selloff on Friday amid broader emerging-market concerns. S&P 500 futures , which jumped 1.3% Friday, were
recently up 0.3%. Malaysia’s stock index fell an additional 0.7% ahead of Wednesday’s national election.In Japan, stocks were hurt by a stronger yen. The Nikkei Stock Average fell 0.1% as the market reopened after a four-day weekend. Bitcoin has continued to pull back from its latest attempt to hit $10,000 for the first time in two months. It was recently around $9,250, according to CoinDesk.
In Depth: QTerminals Targets 21,000+ TEU Boxships
ince its opening in QTerminals, a company December 2016, set up by Qatar Navigation Qatar’s
Hamad (Milaha) and Qatar Ports Port has been on a growth Management Company trajectory, with monthly (Mwani Qatar) to manage volumes
by the port, spoke about the more than twofold, the main drivers of the port’s port’s figures show. growth as well as the goals Namely,
months since the start of operations, Hamad’s
for its future development. Bissett was appointed as the company’s first
National Vision 2030, a roadmap for the country’s economic growth. The the all
markets thanks to the fast
According to Bissett,
and effective measures taken
the port benefitted from
by the Qatari Government
the land blockade, which
and the resilience of the
forced shipments to Qatar
to enter via Hamad Port.
Qatar,” he noted.
specifications,” Bissett added. “Larger have
Hamad Port has the
capacity to handle post-
per week, which is a
the blockade, where land
shipping giants such as
borders have been sealed,
Maersk, MSC, CMA-CGM,
and the vast majority of
came in the wake of
imports and exports must
Evergreen, Hyundai, MOL,
come in or go out by sea,
NYK, Yang Ming and PIL,
and to a much lesser extent
as well as the 2M, the Ocean
infrastructure and the
by air. At the current
Alliance and THE Alliance.
Impact of the Gulf Crisis Qatar diplomatic
with most of the throughput
2 million TEUs annually, crisis also resulted in which is sheduled to rise Hamad strengthening its to 7.5 million TEUs upon maritime links to other
scheduled completion in regional ports, including 2020. two Omani ports, Sohar In his first international and Salalah, Turkish interview, Mr. Neville Derince port, Pakistani Bissett, CEO of Port of Karachi and Indian
only called at Lower Gulf
Hamad Port has the
generation of vessels,
In its first phase, the them via Dubai. port is capable of handling What is more, the Gulf
considering that these
QTerminals is set to cross
before the end of 2018,
the directly import goods Port of Doha transferred from China and Oman to Hamad. instead of transhipping
to handle the next
monthly throughput rate,
land border connections.
Port, and QTerminals
“The volumes of all types
forward will be based
increased as a result of
of bolster the role of Hamad operations saw Port as its maritime container terminal hub, helping the country
of Doha, is the largest of states on Qatar, blocking its kind in the Middle East. the country’s air, sea, and the key element of Qatar
The USD 7.4 billion the sanctions imposed by port, located 40 km south the UAE and other Arab
It has been described as
monthly volumes grew CEO in November 2017, from an average of just shortly after the port’s over 41,000 TEUs per officialinauguration. month to 105,000 TEUs
ports of Mundra and Nhava
The largest vessel handled by Hamad so far is the 14,568 TEU COSCO Kilimanjaro
and QTerminals has now
– outstanding service
being gateway cargo,” he
productivity — for
Qatar’s economy was unfazed by the political crisis, with the country’s GDP
rise to 3.9 pct in 2019, demonstrating increasing market
consumption as all goods and
feeder operators, including Samudera,
Xpress Feeders, are also calling at the port.
investment, Bissett pointed “The
Container Vessels (ULCVs) of 21,000+ TEU capacity with
the mainline vessels to continue calling at Hamad Port,” he said. The handles
project cargo, bulk,
“Our future target is to
length overall and draft of up to 16 meters. Our equipment selection going
cargoes and offshore supply vessels. “Since Port’s
operations in 2016, we have handled 1.95 million tons of general
cargo and almost 80,000 vehicles (RORO). With the dedicated multi-user and
The highest number of TEUs handled on a single vessel is 7,761 TEU on Maersk Saroja Tiga
offshore supply services terminals due to open, we see significant potential in non-containerized cargo.” Just last month, Hamad Port
one millionth TEU in only 14 months of operations. “I
achievement is not only a reflection of our efforts but also of our ambitions to grow at a fast yet sustainable rate,” Bissett said. “Our key objectives are
structured and sustainable way.
planned in the Container Terminal
Cargo Terminals, the MultiUser Terminal (RORO & Livestock) and the Offshore Supply
investments are necessary to ensure Hamad Port is well-positioned for future growth.” “A
port transactions to all port users. We are also positioning Hamad Port as a transshipment hub for the Upper Gulf region.” On a personal note
improve productivity, offer grow the business in a
will provide a common,
to continue to operate safely, value-added services, and
the experiences since he was named QTerminals’ CEO in November 2017, Bissett said “it has been an exciting journey” so far. “The blockade was just weeks old and the resulting impact on trade had to be confronted and resolved very quickly. At the time, we
operations of the new port and terminal and we were very conscious of the fact that Hamad Port suddenly
became the only gateway in the region in terms of Qatar’s growing exports are to Qatar. A management overall quality of service also finding their way to team had to be selected and client satisfaction. Its new markets. This demand and over 1,000 staff long term vision is to be and new opportunities phased in to operate the recognized internationally are being created through port 24/7,” he commented. as the most reliable terminal access to new trade lanes, The team managed operator and an enabler for with a much farther reach to
the economic growth of
uninterrupted Qatar,” Bissett said. in cooperation with the Diversifying
than ever before. “The domestic demand
and for imported goods will
Port Authority and other expanding trading partner remain stable and will stakeholders and partners. numbers has been identified keep growing organically. “Going forward, our as a key priority for Qatar’s Qatar’s export products vision and strategy for QTerminals is to position Hamad
economy and trade.
QTerminals CEO said products) are priced very this was the reason the competitively
flagship port/terminal and company was continuously continue to compete well our benchmark. With a working to forge new regionally and globally,” he focus on employing and trading partnerships with concluded. retaining the brightest other regions of the world Interview conducted talents, QTerminals aims and secure new sources and to be, within three years, supply lines for Qatar. the best terminal operator
“On the other hand, QTerminals
PIRACY & SECURITY
ILO: Seafarers to continue receiving wages if held by pirates
Seafarers held captive as a result of an act of piracy or armed robbery against ships will continue to receive their wages and entitlements during their period of captivity under amendments to the Maritime Labour Convention, 2006, as amended (MLC, 2006) adopted by the Special Tripartite Committee of the MLC, 2006 at a recent meeting at the ILO in Geneva. The amendments will be submitted for approval at the 28 May-8 June, 2018 International Labour Conference . ‘Tripartism and social dialogue played a key role in the
process of adoption of the amendments,’ said Corinne Vargha, Director of the ILO’s International Labour Department. ‘These amendments cover concrete needs of seafarers that were not addressed until now by the Convention,’ she added. ‘Tripartism and social dialogue played a key role in the process of adoption
of the amendments.’ Corinne Vargha, Director of the ILO’s International Labour Department World Maritime University President Cleopatra DoumbiaHenry, a former ILO official, also welcomed the amendments. ‘These amendments have an important significance in terms of the legal certainty
that they provide and also the protection they extend to seafarers and their families when faced with the most horrid of crimes in today’s modern world,’ she said. The text adopted at the third meeting of the Committee states, among others: ‘Where a seafarer is held captive on or off the ship as a result of acts of piracy or
armed robbery against ships, wages and other entitlements under the seafarers’ employment agreement, relevant collective bargaining agreement or applicable national laws,’ shall continue to be paid. The MLC, 2006 has been ratified by 86 countries covering around 90 per cent of the world fleet.
East Africa: New Maritime Security Agreements Between Indian Ocean Countries
our agreements pertaining to enhanced state coordination for maritime security in the western Indian Ocean were signed during a ministerial conference hosted by the Indian Ocean Commission (IOC) and the government of Mauritius, with the support of the European Union, an observer member of the IOC. The event was convened to address common threats like piracy and illegal fishing faced by states in the western Indian Ocean region. For instance, $13 billion was lost to maritime piracy in the western Indian Ocean in 2013,
and losses as a result of illegal, unreported and unregulated fishing amount to $400 million annually according to the IOC. Two of the agreements fall under the regional Maritime Security (MASE) programme. The first will ensure the exchange and sharing of maritime information through the Regional Maritime Information Fusion Centre based in Madagascar. State coordinated actions at sea through the Regional Centre for Coordination Operations based in the Seychelles feature in the second deal. In a statement, Hamada Madi, secretary general of the IOC, reflected
on the importance of political will in steering cooperation so that each member state can “fully take advantage of a new growth based on the potential of our oceans”. Attorney General Maneesh Gobin, who replaced Minister of Foreign Affairs Vishnu Lutchmeenaraidoo as the official representative
of Mauritius, said that “the new frontier of our development, of that of the islands of the region and of the big region of eastern and southern Africa, is this ocean which we share”. Gobin equated ensuring the future of “our countries” with “the securitisation of our maritime spaces”. One hundred and
eighty representatives, including defence, interior, and foreign affairs ministers from 25 countries and highranking officials of multilateral institutions from 17 regional and international organisations having interests or missions deployed in the region, attended the event.
China’s iron ore, steel rise on hopes of higher demand
hina’s iron and steel prices rose on Friday amid growing optimism about demand as inventories of rebar used in construction continued to fall and demand from the real estate market strengthened. “Chinese steel demand continues to beat expectations. Real estate investment and housing starts are picking up, while infrastructure spending remains elevated,” said ANZ in a research note. “After some restocking in late March ahead of a key maintenance period, the scene is set for steel mills to re-enter the market.”
Stockpiles of steel rebar SH-TOTRBARINV have fallen almost a third since midMarch, when inventories were at a multi-year peak at 9.79 million tonnes, dropping to 6.71 million tonnes as of May 4, data compiled by SteelHome consultancy showed. At 10:35 a.m. (0235 GMT), the most-active construction rebar futures on the Shanghai Futures Exchange were up 1.7 percent at 3,653 yuan ($575.73) a tonne. Iron ore futures on the Dalian Commodity Exchange rose 0.8 percent to 473.5 yuan a tonne. Steelmaking raw materials have been boosted by hopes of restocking by mills
amid expectations of higher production after a prolonged winter. The outlook for iron ore has picked up in recent weeks, ANZ said, citing recent Chinese economic data. The bank said an
expected surplus in 2018 has all but evaporated, as it maintained its view that prices have limited downside. It expected prices to push back towards $69 per tonne over the next few months. A prolonged mine
outage in Brazil and falling exports from India and Sierra Leone will also cut supplies, it said. Iron ore for delivery to China closed at $66.83 on Thursday.
Coal stocks at India power plants fall 2% to 15.49 million mt on 28% year on year week: CEA from 21.58 million
hermal coal stocks at Indian power plants were 15.49 million mt as of Wednesday, down 2% from the previous week, and down 4.8% from 16.26 million mt the previous month, according to data published Friday by the Central Electricity Authority. Stocks were down
mt, and were enough to support 10 days power generation, steady since April 21. The number of plants at critical or supercritical stock levels was 29, flat on the week, although it peaked as high as 32 on May 5, while stocks of imported coal rose to 515,000 mt from 507,000 mt a week earlier. Source: Platts
Egypt’s wheat production to increase 4.3% YoY in 2018/19: FAS
recent report by the U.S’Foreign Agricultural Service (FAS) in Cairo forecasts Egypt’s wheat production in marketing year (MY) 2018/19 (July-June) to reach 8.45 million metric tons (MMT), up by 4.3 percent compared to marketing year 2017/18.
The forecast is based on an increase in total area harvested reaching 1.32 million hectares. The report is revising upward MY 2017/18 wheat production to 8.45 MMT by 350,000 metric tons (MT) from the United States Department of Agriculture’s (USDA) official estimate of 8.1 million metric tons. “We are revising upward the wheat area harvested by 60,000 HA from USDA’s official estimate of 1.26 million
hectare,” the report said. It explained that Egyptian wheat production in MY 2017/18 displaced 30,000 hectares of other winter field crops (sugar beet and Egyptian clover or Berseem), as well as 20,000 hectares of winter vegetable crops in Upper Egypt and in the Northern Delta. The report added that farmers’ profitability rose in tandem with higher government procurement prices paid during the final calendar year 2017 harvest.
As for imports, FAS Cairo forecasts Egyptian wheat imports in MY 2018/19 at 12.5 million metric tons, in line with USDA’s official forecast figure of 12 million metric tons. The report said that in calendar year 2017 (JanuaryDecember), imports by the General Authority for Supply Commodities (GASC) reached about 7.53 MMT, up from 4.3 MMT in calendar year 2016. Imports by the GASC in CY 2017 accounted for
60.2 percent of Egypt’s total wheat imports. Private sector imports reached 4.9 MMT, accounting for 39.8 percent of Egypt’s total wheat imports, data from the report showed. Concerning wheat consumption, FAS Cairo forecasts Egypt’s total wheat consumption in MY 2018/19 at 20 MMT, up 1.5 percent from the MY 2017/18 estimate. The latter remains unchanged from USDA’s official estimate of 19.7 million metric tons
Portways India is a Maritime Tabloid English Weekly Newspaper, with the prime focus on both National and Global. Visit http://www.portways.i...
Published on May 17, 2018
Portways India is a Maritime Tabloid English Weekly Newspaper, with the prime focus on both National and Global. Visit http://www.portways.i...