Mar. 3rd - 9th Issue
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Wednesday, March 3, 2021
India Is Committed To Port-Led Development, Says PM Modi Coimbatore Port Wings News Network rime Minister Narendra Modi said, Government of India’s commitment to port-led development can be seen through the Sagarmala scheme. He also said Tamil Nadu is making a major contribution to India’s industrial growth, reports Prime Minister Narendra Modi was speaking at a function in Coimbatore’s Codissia Trade Fair Complex on 25 February, after inaugurating a slew of infrastructure and housing projects for western and southern regions of Tamil Nadu worth over Rs 12,000 crore. Mr. Modi said one of the basic needs for the industry to grow is a continuous power supply and he was happy to dedicate to the nation two major power projects and lay the foundation for one more power project. Mr. Modi called Coimbatore a city of industry and innovation and
added the development works that are being unveiled today will benefit Coimbatore and entire Tamil Nadu. Speaking on the modernisation of the Bhavanisagar dam, he said this will irrigate over 2 lakh acres
of land and would benefit farmers in the state. During his speech the Prime Minister recalled the words of Wisdom of Saint Thiruvalluvar which said farmers are the ones who truly live and all others live because of them, worshipping them. The Prime Minister said Due to Space Constraint, “Vessel Position at Terminals” will be published next Week
Tamil Nadu has a glorious history of sea trade and port-led development and he was happy to launch various projects related to V. O. Chidambaranar (VOC) Port, Tuticorin. He recalled the efforts of great freedom fighter Chidambaranar and said his vision for vibrant Indian shipping industry and maritime development inspired the country greatly. BIG TRANSHIPMENT PORT IN THE EAST Mr. Modi said the projects launched today will further strengthen cargo handling of the port. It will even support the green port initiative. Apart from this, we will take further steps to make port into a big transhipment port in the east, he said. The Prime Minister said, whenever ports are more efficient, it contributes to India being Atmanirbhar and a global hub for trade as well as logistics. “About 575 projects at a total cost of over Contd. on page -2
Wing 7 Feather 29
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PM Modi To Inaugurate Three-Day Maritime India Summit 2021
MARITIME INDIA SUMMIT 2021
02- 04 M ar ch 2021 (Virtual Conference & Exhibition) New Delhi Port Wings News Network rime Minister Narendra Modi will inaugurate the ‘Maritime India Summit 2021’ via video conference on 2 March, the Prime Minister’s Office (PMO India) said. The Maritime India Summit 2021 is being organised by the Ministry of Ports, Shipping and Waterways on a virtual platform from March 2-4. The summit will visualise a
roadmap for India’s maritime sector for the next decade and will work to propel India to the forefront of the global maritime sector, the statement said. Eminent speakers from several countries are expected to attend the summit and explore the potential business opportunities and investments in Indian Maritime domain, it said. Denmark is the partner country for the three-day summit.
For Conference Agenda please visit: https://www.maritimeindiasummit.in/conference-agenda.php
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MARITIME INDIA SUMMIT 2021 02-04 March 2021
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Mar. 3rd - 9th Issue
India Is Committed To Port-Led... Wednesday, March 3, 2021
Wing 7 Feather 29
Selling the Family Silver
he Covid-19 pandemic raises concerns over the BJP government’s efforts to disinvest PSUs and highlights the need for substantial public investment and subsidies in the economy. It also warrants a re-look at the move to sell off the public sector units (PSU) to raise resources. It is mainly due to the strategic role given to the public sector in the pharma industry in the 1970-80s, India supplies vaccines to other countries. Much of the support for privatisation is based on the argument that the performance of public enterprises can be improved by exposing them to forces in product and capital markets.
Continued from page -1 Rs 6 lakh crores have been identified for implementation during the 2015-2035 period. These works cover ports modernisation, new port development, port connectivity enhancement and coastal community development,” he added. Emphasising that development and care for the environment are closely linked, PM Modi said the VOC port has already installed 500 KW rooftop solar plant. He said felt happy that VOC Port has taken up a gridconnected 5 MW ground based solar power plant at a cost of Rs 20 crores. The Prime Minister said at the
Prime Minister Narendra Modi made a strong pitch for privatisation of public sector enterprises, asserting that the “government has no business to be in business”. In a webinar on privatisation organised by the Department of Investment and Public Asset Management, the prime minister was addressing industrialists on reforms proposed in the Union Budget. “The times were different, as were the needs of the country, back when public sector enterprises were established,” he said. “The policies that were correct 50-60 years ago, always have scope for reforms.” Pointing out that disinvestment and asset monetisation were key elements of the Budget, he said that several public sector undertakings in the country were facing losses and need public money to survive. “In a way, funds that belong to the poor and the aspiring youth are required to be pumped behind these enterprises and they put a burden on the economy,” Modi said. “Public sector enterprises should not be kept running just because they have been running...because they have been somebody’s pet project.” Globally, the experience with privatsation raised a host of concerns about economic, social/distributional and environmental consequences which have eventually broadened the agenda for state-owned enterprises (SOE) reform in many countries. In a country like India, it is important to put in place measures to prevent exploitation of monopoly power and wider social costs in the privatisation process. This need to play a significant role in the discussions on how to minimise the economic downturn of COVID-19 lockdown and provide a big push to ‘Make in India’ efforts.Since 2014, Modi government’s strategic disinvestment approach was to sell minority stakes in public companies to raise revenue, while retaining management control. During the 2014-2019 period, the government raised Rs. 2,79,622 crore from the disinvestment of public sector enterprises (PSEs), compared to Rs 1,07,833 crore collected during 2004-14. However, this has changed now. Recently, five companies were up for 100 per cent disinvestment, including three large profitable companies such as Bharat Petroleum Corporation Ltd. (BPCL), the Container Corporation of India and the Shipping Corporation. The government is planning to sell 53.29 per cent stake in BPCL—a large profitable company—to a strategic buyer, basically providing the management control to a private party. The planned disinvestment of these big three is in addition to the proposed 100 per cent sale of Air India, and Industrial Development Bank of India (IDBI). The move towards divesting ownership in strategic sectors will have long term consequences. The timing of the paradigm shift from the strategic disinvestment policy of the government raises questions on the intention of PSE reforms. Is the shift in policy out of necessity to mop up a good amount of resources by selling both profit and loss-making companies PSEs to meet the widened fiscal deficit targets? The restructuring of the PSEs needs to have a clear vision and strategy, and definitely have a major role in our our multi-faceted strategy to achieve a $5 trillion economy. In India, the real question is that whether do we have a genuine concern to Sample improve theTEXT public sector or the interest rests with merely raising revenue. It is obvious that SOE boards have struggled to play a leading role in developing a strategy and appointments among others. Moreover, the inability to exercise the authority limits the functional autonomy of PSEs in India.
With the COVID-19 pandemic, it is high time the Modi government at the Centre developed a holistic relationship between competent public and private sectors to make the slogan Make in India -meaningful to foster the country’s potential as an industrial powerhouse globally.
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core of development is ensuring dignity to every individual and one of the ways to provide dignity is to provide shelter to everyone. To give wings to dreams and aspirations of people, PM Awas Yojana was started and he said he felt privileged to inaugurate 4,144 tenements that will be handed over to those who never had a roof over their heads even after 70 years of Independence. The Prime Minister also paid his tributes to former Tamil Nadu CMs MG Ramachandran and J Jayalalithaa. Chief Minister of Tamil Nadu Edappadi Palaniswamy and Deputy
Chief Minister O. Pannerselvam and Union Minister of Coal, Parliamentary Affairs and Mines, Pralhad Venkatesh Joshi also spoke on the occasion. Earlier, when he arrived in Tamil Nadu, Prime Minister Narendra Modi was given a rousing welcome as he arrived in Coimbatore to inaugurate several developmental projects. He was received by Tamil Nadu Governor Banwari Lal Purohit, Chief Minister Edappadi Palanisamy and Deputy Chief Minister O.Panneerselvam at Coimbatore Airport. He was given a traditional welcome by dancers in colourful costumes and chenda mela.
Kamarajar Port targets Rs 2,600 crore infra investment Tuticorin Port Wings News Network amarajar Port is looking at investment of Rs 2,600 crore, wherein 14 MoUs will be signed during the three-day Virtual Maritime India Summit that begins on 2 March, according to briefing media Shri Sunil Paliwal, CMD, said that the port is tying up with major stakeholders for infrastructure development. Shri Paliwal said that the port has also entered into an agreement with Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a wholly-owned Daimler subsidiary, which has manufacturing facility in Oragadam. “The agreement is to export Diamler vehicles for next 10 years,” says
TEA Welcomes Tamil Nadu Interim Budget 2021 - 22
irupur Exporter’s Association (TEA) on 23 February welcomed the allocation of fund for infrastructure, particularly development of roads in highways and rural areas in the Tamil Nadu Interim Budget 2021-2022. In a media statement, Shri. Raja M Shanmugham, President, TEA, lauded the Tamil Nadu Government efforts for formulating an Urban Wage Employment programme and finalizing the detailed guidelines through discussions with stakeholders. It may be noted that the Deputy Chief Minister of Tamil Nadu and Finance Minister Shri O. Panneerselvam presented the Tamil Nadu Interim Budget 2021-2022 in Tamil Nadu Assembly on 23 February. Shri. Raja M Shanmugham further welcomed the Athikadavu-Avinashi Flood Canal Scheme expected to be completed by December 2021. He appreciated the Detailed Feasibility Report (DFR) prepared for establishing a Metro Rail in Coimbatore with 44 km in the first phase at a cost of Rs.6,683 crore and mentioned that the feasibility for extending the project up to Tirupur City will be largely helpful to the daily commuters to reach the destination quickly.
Paliwal. Kamrajar Port had executed the agreement with major car manufactures which include Nissan Motor India, Ford India and Toyota Kirloskar Motor India with volume-
based rebates. He added there is an an agreement with German wind turbine maker Nordex. Paliwal said this comes after State signed MoUs worth Rs 1,200 crore. Nordex intends to build wind turbines and rotor blades near Chennai. “Basically, around 40 ships per year will be catered to by the port. This would be increased to 200 ships per year,” said Paliwal. The port will also be working on containerised movement of chemicals, he said. Paliwal is coordinating Sessions on the topics “Ease of Doing Business, Coastal Shipping, Hinterland Connectivity and MultiModal Logistics” and “Bulk Cargo Transportation - Focus on Liquid Cargo” on day two of the summit. The other person coordinating the session on bulk cargo transportation include joint secretary of Petroleum
Ministry Sunil Kumar and Kochi Port Chairman Dr M Beena. The government has given renewed impetus to maritime sector by announcing many new policy initiatives and by redefining the functional framework of the Major Ports. Some of the important initiatives include passage of Major Port Authorities Act, 2021, relaxation in Cabotage Rules, SAROD Ports initiatives for dispute resolution, encouraging inland waterways transportation and its integration with EXIM Trade and development of new major port at Vadavan. PLAN TO INCREASE TO 22 BERTHS Shri Paliwal said: “There are currently 8 berths in Kamaraj Port. Construction of three more berths are nearing completion. With the available coastline, 22 berths can be constructed in this port in the future. When all these projects are completed, the port will be able to handle about 175 Million Metric Tons of cargo per year. The construction of four lanes for a distance of sevenkm uptoVallur will be completed in the next few months. About 21 km of the northern link road is to be constructed with Japanese funding. The port, which had a revenue of Rs 707 crore last fiscal, has set a revenue target of Rs 550 crore by the end of March for the current fiscal due to slump in the trade and impact of corona pandemic.”
CUSTOMS EXCHANGE RATES Notification No.18/2020 (N.T.) ALL RATES PER UNIT
FOREIGN CURRENCY Australian Dollar Bahraini Dinar Canadian Dollar Chinese Yuan Danish Kroner EURO Hong Kong Dollar Kuwaiti Dinar New Zealand Dollar Norwegian Kroner Pound Sterling Qatari Riyal Saudi Arabian Riyal Singapore Dollar South African Rand Swedish Kroner Swiss Franc Turkish Lira UAE Dirham US Dollar Japanese Yen (100) Korean Won (100)
with effect from 19th Feb. 2021
RATE (INR) Import Export 57.70 199.70 58.40 11.45 12.00 89.25 9.55 248.85 53.70 8.70 102.65 20.65 20.05 55.80 5.10 8.90 82.65 10.75 20.50 73.70 70.10 6.80
55.30 187.00 56.30 11.10 11.55 86.10 9.20 232.90 51.35 8.40 99.15 19.40 18.80 53.90 4.80 8.60 79.40 10.10 19.20 72.00 67.50 6.40
We are not responsible for any mistake. ALL RATES ARE PROVISIONAL. The rates in these column are only meant for guidance.
Mar. 3rd - 9th Issue
MIS 2021: Chennai Port to Sign MoU for Developing Multi-Modal Logistic Park at Mappedu
Port Wings News Network hennai Port is planning to sign a tripartite MoU with NHAI and Tamil Nadu State Govt, TIDCO for developing MultiModal Logistic Park at Mappedu Village near Sriperumbudur. MMLP aims at providing seamless transfer or goods from one mode of handling to another and connect seamlessly with the port. With the integration of railways at a node, substantial road traffic is expected to shift seamlessly to rail movement thus significantly reducing the cost of logistics and increase in handling efficiency and savings in time. For development of MMLP a Special Purpose vehicle (SPV) is proposed to be formed with all the three stake holders viz., Chennai Port authority, TIDCO and NHAI as equity partners. The Ministry of Ports, Shipping and Waterways, GoI is conducting a Virtual Maritime India Summit 2021 (MIS) from 2nd March 2021 to 4th March 2021. Around 1 Lakh delegates and more than 40 partner countries will be joining the event virtually. MIS 2021 will be a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities. The Summit while showcasing abundant opportunities in the maritime sector in India and providing an excellent forum for exchange of idea and networking. Investment opportunities which exist in all segments of the Maritime Sector viz development of world class ports, modernisation and development of new berths/terminals in existing ports, connectivity projects (Road, Rail and Inland Water Transport), coastal shipping, cruise tourism, maritime education and training, ship building and Ship repair, ship breaking, dredging and development of
‘Smart Port Industrial Cities’. In order to gain traction from MIS 2021, Chennai port has planned to sign more than 15 MoUs with an economic cost/ impact of more than Rs. 3000 Crores. Out of these planned MoUs, 14 have been already signed. These MoUs were signed with various
organisation in the fields such as training and skill development of manpower in maritime industry, feasibility study for infrastructure development, technical maritime research, reduction of carbon footprint at the docks, promotion of tourism and connectivity projects to reduce last mile logistics cost and time. Chennai Port signed MoU with IPRCL for enhancement of last mile rail connectivity between Jolarpet & Chennai Port by introducing dedicated Container Train Services and development of allied services. And, Chennai Port signed a MoU with CONCOR for setting up an Extended Gate Common User Facility at CONCOR, Tondiarpet. The MoU aims to improve the rail coefficient of the Ports Containers movement. Chennai Port has signed an MoU with M/s. Umeandus Technologies Pvt. Ltd. for carrying out feasibility study for efficient container evacuation from/to the port. The study is expected to examine the current infrastructure gaps/constraints and adopt
futuristic technologies to design efficient cargo evacuation system. Chennai Port signed MoU with Indian Navy for utilization of shore power supply for Navy Vessels instead of running DG Set for reducing carbon foot print, saving diesel and reducing the running hours of ship generators. Chennai Port also signed a MoU with AMET University for developing MultiSkilled Development Center in Chennai Port for providing training for courses under schemes of MoPSW, PMKVY/PMKK and MoRD. Also, Chennai Port signed separate
MoUs with IIT-Madras and DCI for various technical research study and port related activities. During MIS 2021, leaders from nationals and international maritime industry will be sharing their view points through a series of 7 Plenary Sessions. These sessions would cover almost all aspects of shipping, ports and Inland waterways including Multimodal Transport and Hinterland Connectivity. The speakers shall deliberate on international best practices, use of technology, maritime challenges and constraints, and the opportunities for India.
Chennai Air Customs Seizes Hydro Cannabis Sent From Canada in Postal Parcels
Port Wings News Network ased on information, Chennai Air Customs detained three postal parcels suspected to contain narcotics substances, which arrived from Toronto Canada at Foreign Post Office, Chennai. According to a media statement, the parcels were addressed to a Chennai-based person. On opening the parcels, one opaque silver color plastic cover with markings as “Blu D” was found inside each. On further cut opening the plastic covers, semi dried leaves having a strong ‘weedy’ smell similar to Cannabis of high quality
most likely “Hydro Cannabis” were found concealed inside. Total 300 grams of Cannabis (100 grams from each parcel) of foreign origin valued at Rs. 2.5 lakhs was recovered and seized under the NDPS Act, 1985. Cannabis is a psychotropic substance commonly known as weed, herb, grass, ganja, containing psychoactive chemical delta-9tetrahydrocannabinol (THC). On smoking THC stimulates the brain and it responds to pleasure and unleashes dopamine which gives a euphoric relaxed feeling. Further investigation is under progress, according to a press release issued by the Commissioner of Customs, Chennai International Airport.
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Mar. 3rd - 9th Issue
World-Class Dredgers Will Be Made In India Soon
Port Wings News Network emorandum of Understandings signed between Cochin Shipyard Limited (CSL) and Dredging Corporation of India (DCI) and largest dredger maker of the world, Royal IHC Holland BV, in the presence of Mansukh Mandaviya Minister of State (I/C) for Ports, Shipping and Waterways and Mr Marten van den Berg, Ambassador of Netherlands in New Delhi
recently. “As part of Government of India’s thrust on Blue Economy, there is an ever-increasing demand to develop and maintain existing major ports, building new ports, offshore resource exploration, deployment of ultramega-size vessels, promotion of tourism, and beach nourishment. Considering India’s vast coastline of over 7,500 km along the east and west coasts this would in turn lead to significant dredging in the country. This partnership will help the country grow.” said Mansukh Mandaviya. CSL and IHC Holland BV have arrived at an understanding to work together to provide locally built world-class dredgers. Highcapacity dredgers in the range of 8000 Cu Meter
to 12,000 Cu Meter are complex equipment being built in India for the first time. It is also significant that IHC Holland BV, the world leaders in design and construction of dredgers are also part of the Make in India initiative. The MoU of CSL with Royal IHC would be a great opportunity for India to showcase the capability under ‘Make In India’ and establish the capability to construct such large dredgers. M/s IHC, Holland, is the world leader with largest market share in the world for the design and construction of dredgers and is renowned worldwide for their quality and performance. M/s IHC is an integrated solution provider and is much ahead of any competitor in knowledge, expertise, technology, Research & Development, Innovation etc. in the field of Dredger design and construction. The MoU of CSL and DCI, in turn would necessitate procurement of additional high- capacity dredgers. The decision to get the vessels constructed in India is in line with the ‘Atamanirbhar Bharat’ vision of the Government of India. Dredging Corporation of India (DCI) controls the majority of the maintenance dredging market in India and dredging services for the major ports. With increased dredging requirements on the East & West Coast of India, being projected as part of Port developments, DCI envisages a requirement to increase their dredging capacity. With more infrastructure projects on the anvil across the major Ports in India, the requirement of such dredgers in the future can also be met in India once we acquire the expertise. This joint effort by CSL and DCI sets a precedent for Indian private and public players to build large complex vessels at global standards in India, and extend support to Government of India’s vision of building an ‘Atmanirbhar Bharat’.
Dredging Corporation of India Limited Organizes Curtain Raiser Event for Maritime India Summit 2021 Visakhapatnam Port Wings News Network redging Corporation of India is one among the top 10 dredging companies in the World that own, operate and maintain dredgers to maintain Major, Nonmajor, Minor, Naval Ports and Harbours. DCI with 45 years of experience with 650 highly skilled professionals is striving to contribute positively to the development of port sector to maintain navigational channel of various ports. DCI’s foundation is a win-win model to complete all the assignments to utmost client satisfaction, ensuring its works are performed with highest professional integrity adhering to international safety standards, efficiently adopting cost effective operations with its versatile and modern fleet of dredgers supported with auxiliary equipment. DCI with its capacity shall be able to dredge and address the requirement of all ports, and naval harbour. To equip and augment capacity of DCI, DCI shall construct Trailing Suction Hopper Dredger (TSHD) under “Make in India” concept and “Atma Nirbhar Bharat” and this shall be the first time our country shall construct Trailing Suction Hopper Dredger in our Indian Ship Building Yard with international standards. DCI shall sign the historical MoU to construct first ever Trailing Suction Hopper Dredger in Indian Shipyard for the first time in Republic India, signing ceremony shall be witnessed by Shri. Mansukh Mandaviya, Hon’ble Minister for Ports, Shipping and Waterways, Dr.Sanjeev Ranjan, Secretary, Shri. Sanjay Bandopadhyaya, Additional Secretary of Ministry of Ports, Shipping, Shri. Martin Van Der Berg, Ambassador of Netherlands to India, this
is a very significant move under the “Atma Nirbhar Bharat” to echo “Vocal for Local” and for self reliant India. DCI could achieve this under the dynamic leadership of honourable Prime Minister and the leadership of Minister of Ports, Shipping and Waterways. Under the able leadership of hon’ble Prime Minister, this is second time Indian Maritime Summit 2021 will be conducted during March 2nd to 4th .In this summit there will be many stakeholders from Ports, Ship builders, Ship repairs complex,
Research Organisation, Maritime State and other dignitaries. This summit will emphasize on Make in India and Atma Nirbhar Bharat and to achieve Self-Reliance. DCI has signed 18 Memoranda of Understanding of 14,000 Crore Indian Rupees with Ports, Ship Builders, Ship Repair Complex, Research Organisation and Maritime States under “Make in India” and “Atma Nirbhar Bharat” to achieve SelfReliance to develop and to maintain our long coastline. The curtain raiser and pre exhibition hall was opened on 24 Feb 2021 by Prof. Dr. GYV Victor, MD & CEO – Designate. Other senior officials of the Company were present. The exhibition shall remain open for the public till the 5 March 2021.
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Mar. 3rd - 9th Issue
JNPT Signs MoUs Worth Rs 27,000 Cr To Strengthen Port-led Industrialization in India
JNPT Chairman, Shri Sanjay Sethi, IAS will be the convenor for the Plenary Session 1: Developing World Class Ports. He will
Port Wings News Network awaharlal Nehru Port Trust (JNPT), India’s premier container port, on 24 February announced that it signed over 30 MOUs (Memorandum of Understanding) with potential investors for port projects, technology transfer and development of plots in JNPT SEZ for an amount of around Rs 27000 crores in line with the Maritime India Summit 2021 to be held online from March 2 to 4. The MoU was signed by Shri Sanjay Sethi, IAS, Chairman, JNPT in presence of Shri Unmesh Wagh, IRS, Deputy Chairman, JNPT. The investments by DP World, JM Baxi emphasize on the importance of Developing & Co., Ganesh Benzo, BPCL, NITIE, SS G Mega Ports with world-class infrastructure; Pharma Pvt. Ltd., Sooraj Agro, JWR logistic Developing ‘Smart Ports’ to improve Ease of Pvt. Ltd., Cineline India Ltd. are some Doing Business; The impact of Digitization of the companies that have signed MoUs towards Manufacturing, IT services, Warehousing/Cold Storage, FTWZ, Pharma, Confectionary Manufacturing, Engineering Services, Food Processing. Speaking on the occasion, Shri Sanjay Sethi, IAS, Chairman, JNPT said, “JNPT is dedicated towards setting quality benchmarks for the port industry across the globe and we have systematically invested in improving the port’s operating efficiency and handling capacity to enable seamless trade escalating its growth trajectory. We have signed over 30 MoUs with various companies at the ‘Maritime India summit’. This will help establish JNPT as one of the premier investment destinations in the country, as we continue to remain an attractive investment destination even after the impact of COVID -19 across the globe. Even during these trying times, JNPT has attracted around Rs. 27,000 crore worth of new investments. The signing of the MoUs will provide vast employment opportunities and various benefits to the EXIM Trade. Additionally, this will open opportunities within India and in the international coastal lines.” ‘Maritime India Summit’, the flagship initiative of the Minister of State for Ports, Shipping & Waterways (MoPSW), Government of India is being organised in the month of March 2021 to promote both domestic and international investment in the Indian Ports and Maritime sector. The virtually held event will comprise of a 3-day Summit and Exhibition from 2nd March 2021 – 4th March 2021. The MIS 2021 will be inaugurated by Indian Prime Minister, Shri Narendra Modi, followed by a Welcome Address by Shri Mansukh Mandaviya, MoS for Ports, Shipping and Waterways. Considering the prevailing COVID-19 pandemic, the summit will be held virtually. The event is being organized by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner, will have 24 partner countries as participants and will showcase more than 400 projects.
of the Ports and Terminals – AI, IoT, 5G led transformation and Evolving models for port development: PPP and landlord model. Also,
Shri Unmesh Sharad Wagh, IRS, Deputy Chairman, JNPT is the convenor of a special session on Investment Opportunities in Maharashtra where he is going to highlight the
investment opportunities JNPT SEZ. Ports will play a crucial role in reforming I n d i a ’ s e c o n o m y, aiding in achieving development goals to establish itself as a strategic trade hub on the regional and international stages. The Maritime India Summit-2021 will provide a unique platform for getting vast investment opportunities in each of the Indian maritime states and union territories.
TRADE NOTICE - SANCO TRANS LIMITED India’s First Private Container Freight Station Connected by CHENNAI METRO RAIL
FIEO Compliments Finance Ministry for Addressing Data Mis-match Problems in IGST Refund on Exports New Delhi Port Wings News Network r Sharad Kumar Saraf, President, Federation of Indian Export Organisations (FIEO) complimented the Central Board of Indirect Taxation & Customs (CBIC) for extending the facilities of rectification of SB005 and GSTR-3B errors. Mr Saraf said that FIEO had received representations from several exporters, which were taken up with the CBIC for consideration. These extensions have provided a great relief to such exporters whose IGST refunds were blocked due to data mis-match and now exporters will be able to rectify them through Officer interface and thus will overcome the problem of refund blockage by correcting the records. This facilitation would be applicable to all shipping bills filed up to 31st December, 2020 in the case of SB005 error and 31st March, 2021 in the case of GSTR-1 & GSTR-3B mismatch. FIEO Chief further said that the Ministry of Finance support from time to time is really an encouragement to the exporting community in their export efforts. He hailed several COVID-19 measures announced by CBIC, which facilitated smooth Customs clearance and provided maximum possible comfort to the trading community.
Mar. 3rd - 9th Issue
Global Container Shipping Rates Are High, But Unsustainable
Port Wings News Network lobal container shipping companies’ performance will be strong in 2021 after a profitable 2020, Fitch Ratings says. Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. However, we consider the current rates unsustainable in the medium term, as the sector is susceptible to rate volatility and risks of weak economic recovery and trade protectionism, requiring constant prudent capacity management, says a Fitch Ratings report. CONTAINER BOX SHORTAGES AND PORT CONGESTION A combination of rebounding demand for goods in 2H20, supply chain disruptions – such as container box shortages and port congestion – and more strategic capacity management drove container freight rates up, especially on the routes from China to Europe and the US. Shipping one 40-foot container from China to Europe or the US West Coast now costs over USD8,000 and USD4,000, respectively, from well below USD2,000 a year ago, according to Freightos Baltic Index. Trade volume recovery was fuelled by a change in consumer spending habits during the pandemic – ordering more manufactured goods while saving by spending less on services, such as leisure and restaurants. It was further supported by inventory restocking by businesses that faced acute supply chain disruptions and increased demand for personal protective equipment. Total volumes shipped from Asia to North America exceeded 2019 levels by over 7% in 2020, according to Container Trade Statistics. A decline in
volumes on the Asia-Europe route by about 5% in 2020 indicates a growth potential in 2021 as demand recovers. CONTAINER SHIPS’ TURNAROUND TIMES Container box shortages and port congestions due to pandemic-related operational disruptions have extended container ships’ turnaround times, further increasing freight rates. A usually quiet period during the Chinese New Year could have eased some congestion, but demand remained strong as China maintained its production levels. The ongoing virus outbreaks in many regions and mobility restrictions are likely to keep freight rates abnormally high in the short term. RATE VOLATILITY AS AN INHERENT SECTOR RISK These higher-than-usual spot rates will translate into higher contract freight rates in the ongoing spring contracting season. However, we view rate volatility as an inherent sector risk and we expect rates to reduce once supply disruptions related to the pandemic are addressed. More mature capacity management helped avoid oversupply during the pandemic. After more than a decade of overcapacity pressures, the industry has gone through a radical consolidation through M&As and alliances. Shipping alliances enabled strategic capacity reduction when demand declined at the start of the pandemic and efficiently reactivated fleets when trading rebounded in 2H20. The three biggest alliances serve around 85% of the USChina routes, compared to about 60% seven years ago, and almost all east Asia-Europe lanes. The container orderbook, as a percentage of existing fleet, is now at its lowest level of below 10% – it was 57% in 2007.
Best Wishes for MARITIME INDIA SUMMIT 2021
VOC Port Signs 45 MoUs To Attract a Total Investment of Rs. 27,000 Crores Tuticorin Port Wings News Network he flagship initiative of the Ministry of Ports, Shipping & Waterways, Government of India, Maritime India Summit-2021 is being organized on a virtual platform from 2nd to 4th March 2021, showcasing the global investment opportunities in the Indian Maritime Sector. The Summit with distinct interactive sessions focusses on various aspects of Maritime sector such as developing world class Ports, latest trends and opportunities in Maritime financing, Port Led Industrialization, promoting bulk cargo, coastal shipping, cruise & passenger m o v e m e n t , Human Resource skilling, hinterland connectivity and Ease of Doing Business. Key speakers include important decision makers from International and Indian Maritime fraternity. Shri T.K. Ramachandran, IAS, Chairman, VOC Port, will chair the plenary session on Ease of Doing Business, Coastal Shipping, Hinterland Connectivity and Multi-modal logistics on 3rd March, 2021. Eminent speakers from Antwerp, Rotterdam, Germany, and India would be addressing on the above themes. The virtual summit which showcases the various informative discussions, exhibitor pavilions and investment opportunities will be attended by over 3 lakh delegates from across the world. Registration to the e-summit is free and everyone is encouraged to register themselves through the website www. maritimeindiasummit.in . All the 12 major Port of the country are key stakeholders & organizers of the Maritime India Summit -2021. As a part of the pre-summit preparation, all the Ports are exploring investment tie-ups with the Industry
& Maritime stakeholders. Totally, till date, 45 MoUs have been singed by VOCPT for a total investment of Rs. 27,000/crores. The key MoUs include, MoU with Port of Antwerp for training of employees of VOCPT, AL Qebla Al Waty (AQAW) for setting up of Petroleum refinery and Petrochemical complex and its associated storage and infrastructure at VOCPT at an investment of Rs.20,000/- crores, M/s. LNG Alliance Pte Ltd., for Development of LNG Terminal and LNG Bunkering hub at VOCPT at an investment of Rs.2468/crores, SPICOT for development of Hybrid Wind & Solar Power Generation facility at an investment of Rs.1000/crores, Frontier Shipping & Logistics for development of Cruise Tourism, Adventure Water Sports in Tuticorin and operating Ro/PAX ferry service connecting Kanyakumari -Tuticorin – Rameswaram, at an investment of Rs.275/- crores. RECENTLY, THE PORT HAD SIGNED 4 MOUS VIZ., 1.MoUs worth Rs. 110 cr. was signed between Indian Oil Corporation Limited and the Port for development of Energy facilitation center and large format retail outlets, development of bitumen and pet coke storage and Marketing facilities, and establishing bunkering facilities at VOC Port. 2.MoU worth Rs. 120 cr. was signed between Ultra Tech Cement and VOC Port for establishing Bulk Terminal at VOC Port for handling cement. 3.MoU worth Rs. 7 cr. was signed between KSE Limited and VOC Port for construction of warehouse facilities. 4.MoU with M/s. Snows Shipping for revival of Dry Docking, Ship Repair and Boat building facilities in and around the Port.
Paradip Port Executes 27 MoUs worth Rs. 27,450 Cr With Various Stakeholders
Port Wings News Network aradip Port, the second largest major port in terms of cargo handling in India, has executed 27 Memorandum of Understandings (MoU) with various stakeholders to further enhance the economic growth of the State of Odisha and the country as a whole under the Maritime India Summit 2021. The MoUs were signed on behalf of PPT by respective HoDs and Sr. Officials and Sr. officials of representing organisations in presence of Shri Vinit Kumar, Chairman and Shri A.K. Bose, Dy. Chairman, PPT. Addressing the media over video conferencing, Shri Vinit Kumar appealed everyone to make the mega international event a grand success. He shared with the Press the details about the upcoming sessions and process of registration to participate in the Summit. Moreover, there will be a special session on “Investment Opportunities in Odisha” on March 3, 2021, from 1230 Hrs to 1400 Hrs in which Commerce & Transport Minister of Odisha, Shri Padmanabha Behera will chair the session, which will be also attended by senior State Officials of the Govt. of Odisha and Heads of leading industries on virtual mode. Out of the 27 MoUs, 15 are worth Rs.3,878.81 Crs. under the category of
projects for development of “World Class Port”, 2 in Coastal Shipping Hinterland connectivity and Multimodal Logistics Park worth Rs.355 Crs., 2 in Port infrastructures focusing on Liquid Cargo worth Rs.5,382.64 Crs., 4 in Port Led Industrialization worth Rs.16,218 Crs. and 4 under the category of Promoting Cargo and Passenger Movement and Seaplane Tourism worth Rs.1,616 Crs.
The Union Ministry of Ports, Shipping & Waterways will conduct the MIS from March 2 - 4, 2021. The summit intends to be a powerful platform for international collaboration with partner countries for mutual exchange of knowledge and opportunities and also leading towards the Atmanirbhar Bharat.
Mar. 3rd - 9th Issue
Wish the MARITIME INDIA SUMMIT 2021 a grand success
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APSEZ: From Port Gate Right Up To Doorstep Mumbai
Port Wings News Network rom an operator of a nondescript multipurpose terminal at Navinal village on the Kutch coast to a multilocation ports operator, the Adani Ports and Special Economic Zone Ltd (APSEZ) has, over the past two decades, led a transformation in India’s inland and offshore goods movement, and is now set
on becoming a complete logistics solutions provider. reports BusinessLine. The Ahmedabad-headquartered private sector ports and terminals operator recently entered into an agreement with the Gujarat government to develop India’s largest multimodal logistics park at Sanand near Ahmedabad. Spread across 1,450 acres, the park will cater to the fast-developing consumer market and industrial requirements for quick access to materials. LAST-MILE REACH In the post-Covid-19 scenario, APSEZ is further strengthening its positioning in the logistics space. “APSEZ will be investing in the logistics and warehousing business with increased investment in tracks,
rakes as well as land for developing multimodal logistics parks and warehousing facility,” company CEO Karan Adani said after the third quarter results on February 9. Through its subsidiary Adani Logistics Limited (ALL), APSEZ consolidated its position in the logistics operations by adding container rakes and parks and expanding l a s t - m i l e connectivity. For its port operations, APSEZ is targeting a cargo handling capacity of 500 million tonnes (mt) by 2025, but in logistics it has set a target to set up over 15 logistics parks, over 5 million sq ft of warehouse space, grain silos with a 2.5-mt capacity, and have over 200 rakes and 25 inland waterways vessels by then. GLOBAL STRUCTURAL SHIFT APSEZ’s logistics focus reflects the development in the global maritime space. Facing structural challenges, container shipping and ports segments are striving to create value for investors. There are indications from large players towards a vertical integration aimed at providing integrated logistics services and generating more value. This indicates a clear shift
from early 2000, when shippers focused on their core business and outsourced the inland movement of goods. Today, global majors such as DP World and Maersk are seen exploring diversifications or extensions of their business portfolios beyond port gate and further into logistics. For APSEZ, the numbers speak for the unfolding new chapter. Although with a lower base, the growth in the logistics business for the company outperformed other verticals during fiscal 2019-20. In the consolidated revenues of ?11,873 crore, logistics business contributed merely 8 per cent but it grew by a robust 65 per cent year on year, as against 8 per cent for the ports business, which commanded 87 per cent in revenues for the year. Commenting on APSEZ’s rise, Samir Shah, Advisor, Federation of Freight Forwarders’ Association of India, said Adani was at the right place at the right time. “Adani Port’s rise matched India’s economic growth. Additionally, Adani as a group has been very quick in taking decisions and executing various projects. And, looking at the growing aspirations of the middle class in India, the movement of goods is going to increase, so they will be supported by the broader market growth,” Shah said. On January 23, Mundra Port, the Group’s flagship port, completed 21 years of operation. In two decades, APSEZ bolstered its leadership by augmenting port capacities from 10 mt in 2006 at a single port to 410 mt across nine operational ports on the east and west coasts of India.
PM Modi Dedicates ‘8-laning of Korampallam Bridge and Rail Over Bridge’ to the Nation Tuticorin Port Wings News Network
rime Minister of India Shri Narendra Modi on 25 February dedicated the 8-laning of Korampallam Bridge and Rail Over Bridge to the Nation and laid the Foundation stone for 5 MW Ground-Based Solar Power Plant at VOC Port, Tuticorin, through video conferencing from Coimbatore. The event was attended by Shri Banwarilal Purohit, Governor, Tamil Nadu, Shri Edappadi K. Palaniswami, Chief Minister, Tamil Nadu, Shri Pralhad Joshi, Union Minister of Parliamentary Affairs, Coal & Mines, Shri O. Panneerselvam, Deputy Chief Minister, Tamil Nadu, among others, at Coimbatore. The Project of ‘8-laning of Korampallam Bridge and Rail Over Bridge’ was taken up at a cost of Rs.42 crores, as an initiative under ‘Sagarmala Programme’. The existing Korampallam bridge and Rail over bridge have been widened on either side to 8.5 metres for a length of 277 metres, and the existing road leading to the bridge to 10.30 metres for a length of 1.577 Km. At present, the port has only 4-lane connectivity. This important project will facilitate full-fledged 8-lane approach road connectivity. The 8-laning of the port approach road will facilitate seamless entry into the Port for time sensitive cargo laden container trucks from Bengaluru, Coimbatore, Tirupur, Madurai etc., bound for destinations across the globe.
The project will also foster movement of containers (TEUs) into the port for quicker delivery of containers to the importers and provide a fillip to the ‘Athmanirbhar Bharat’ initiative of the Government of India. The Prime Minister also laid the foundation stone for the ‘5 MW Ground-Based Solar Power Plant’, at VOC Port, Tuticorin. VOC Port has taken up the installation of grid connected 5 MW ground-based solar power plant at a cost of Rs.20 crores. The installation of the solar power plant is to be made in an area of 25 acres and the project is expected to be completed by August, 2021. The project is estimated to generate 80.64 Lakh units (KWH) per annum, meeting 60% of the total energy consumption of the Port. In addition, the project will also aid in reducing the carbon footprint in Port operations. The VOC Port has been a frontrunner in implementing various Green Port Initiatives and has already installed 500 KW rooftop solar power plant. Installation of another 140 KW rooftop solar project is in progress. The Port has also initiated the process for setting up onshore Wind farms along its long coastline. The Port has issued work order to ‘National Institute of Wind Energy’ (NIWE) to prepare DPR for installing onshore and offshore wind turbines to harness wind potential on PPP basis. On implementation of all the above projects, the Port will become the ‘First Green Port’ of the country.
RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Tuesday / Wednesday
Mar. 3rd - 9th Issue
(A Company of Chennai Port Trust) Ministry of Ports, Shipping and Waterways - Government of India Vision: To become a Mega Port with world class facilities thereby evolving as the Eastern Gateway Port of India. • • • • • •
n ideal destination for the EXIM trade with fully mechanized operations, connectivity to hinterland and deep draft facilities. A Present handling capacity: 54.44 MMTPA; Targeted handling capacity by 2023-24: 84.44 MMTPA Energy Port of South India with advanced facilities to handle fuels like Coal, POL, LNG and LPG. Biggest Port on East Coast for handling Automobile exports for Major OEMs. Pioneer Port in Digitization and Ease of Doing Business through implementation of ERP, PCS 1x, RFID, VTMS, etc., Socially Responsible port with a CSR programme geared towards addressing needs of the local community.
Corporate cum Registered Office: 17, Rajaji Salai, Chennai - 600001. Phone : 044-25251666 - 70, Fax : 044-25251665 Port Address: Vallur Post, Chennai - 600 120. Phone : 044-27950030-40, Fax : 044- 27950002
E-mail: email@example.com Website: www.kamarajarport.in facebook.com/kamarajarport twitter@kamarajarport
MARITIME INDIA SUMMIT 2021 02-04 March 2021
Exploring the potential business opportunities in Indian Maritime sector and making Aatmanirbhar Bharat. Day 1 - Tuesday, 02 March 2021 SESSION 1: Developing world class Ports SESSION 2: Shipbuilding, Ship Recycling, Ship Repair CEO’s Forum Discussion of CEOs with the Hon’ble Minister (PSW)
Day 2 - Wednesday, 03 March 2021 SESSION 3: Coastal Shipping, Hinterland Connectivity and Multi-modal logistics hub SESSION 4: Water Transport- Promoting Cargo and Passenger Movement, Opportunity for Sea Planes SESSION 5: Port-linked Industrialization - Building Port Cities and Maritime Clusters
Day 3 - Thursday, 04 March 2021 SESSION 6: Development of Port Infrastructure: Unleashing Opportunities SESSION 7: Boosting Business through Trade Promotion and Regional Connectivity Multiples Break Out Sessions: Investment Opportunities in Indian Maritime States
Kpl extends Best Wishes to Participants and Delegates for Maritime India Summit - 2021 Port Wings - Maritime Exim Weekly Newspaper : Published by K.Sivakumar on behalf of Universal Media Associates, Old No.72, New No.149, 1st Floor, Srinivasa Complex, Linghi Street, Mannady, Chennai - 600 001. And Printed by V.Meganathan at Web Kingdom, No.115, Jani John Khan Road, Royapettah, Chennai – 600014. Editor: K.Sivakumar.