Port Wings Maritime Exim Weekly Newspaper 20 Oct 2021 Issue

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Speed of Nation’s Progress Got New ‘Shakti’ Through Launching of PM GatiShakti: Union Minister Shri Sarbananda Sonowal New Delhi Port Wings News Network he speed of nation’s progress got new ‘Shakti’ through launching of an ambitious initiative PM GatiShakti on October 13, said Union Minister of Ports, Shipping & Waterways and AYUSH, Shri Sarbananda Sonowal in Dibrugarh. He said that PM GatiShakti is a national master plan for multimodel connectivity and extension of holistic governance which will give impetus to 21st century India. Talking about Gas pipeline in India, Shri Sonowal said that in last 7 years, work is going on for more than 16 thousand kilometre long gas pipeline across the country. Also talking about railway connectivity the minister said that in last 7 years more than 9 thousand kilometre of railway line have been doubled and more than 24 thousand kilometre of

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railway tracks have been electrified. Mentioning about the mantra of 21st century India, Shri Sonowal said that today’s mantra is work for File Photo

progress, wealth for progress, plan for progress and preference for progress and PM GatiShakti-National master plan will address all these issues. Talking about the wide gap

between macro planning and micro implementation the Union Minister said that the problem of lack of coordination always hamper construction and makes wastage of budget. He said that in 2014 when the current government came to power under the leadership of Prime Minister Shri Narendra Modi there were hundreds of stuck projects. PM Modi put all this projects on a single platform and tried to remove hurdles and because of this initiative many unfinished projects for decades are being completed, he added. The minister informed that 16 cenral government departments including railways, roads and highways, power, shipping and others will be part of this Gatishakti initiative. Gatishakti will incorporate the infrastructure schemes of various Union ministries and State government and this master plan will also ensure quick completion of work with vast efficiency, he added.

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More power to Indian Navy’s Maritime Reconnaissance Capabilities as another P8i arrives New Delhi Port Wings News Network he Indian Navy on 18 October received its 11th P-8I long-range maritime reconnaissance anti-submarine patrol aircraft from the US based Boeing Company, according to a news report in Financial Express. The Indian Navy already has a fleet of these aircraft which have completed more than 30,000 flight hours since its induction in 2013. More about the 11th P-8i This is the third aircraft which has been delivered under an option contract for four additional aircraft that the Ministry of Defence had awarded in 2016. This aircraft is also operated by the QUAD member country Australia and the members of the

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FumiGATiON SeRViCeS pVT LTD.,

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newly formed AUKUS (Australia, the UK and the US). The Royal Australian Air Force and the United Kingdom’s Royal Air Force are operating P-8. This aircraft has played a significant role in enhancing the Indian Navy’s Maritime Reconnaissance Capabilities. In File Photo

fact India Navy was the American company Boeing’s first international customer for the P-8 and is operating the largest fleet outside the US. This aircraft has also been deployed by the Indian Navy during disaster relief and humanitarian missions. For India, this aircraft will add more power to the navy’s capabilities in the Indian Ocean Region (IOR) where China is aggressively ramping up its presence.

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Inside Gati Shakti Master Plan... PM Dedicates Seven New... PM GATI SHAKTI To Boost... JNPT’s Multimodal Connectivity...

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Oct. 20th - 26th, 2021 Issue

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More power to Indian Navy’s Maritime... Continued from page -1

Wednesday, October 20, 2021

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Wing 8 Feather 10

Great Vaccine Divide

he global recovery continues amid increasing uncertainty, more complex policy trade-offs, but momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in critical links of global supply chains have resulted in longer than expected supply disruptions, feeding inflation in many countries. Overall, risks to economic prospects have increased and policy tradeoffs have become more complex. While almost 60 percent of the population in advanced economies are fully vaccinated and some are now receiving booster shots, about 96 percent of the population in low-income countries remain unvaccinated. Compared to July forecast, the global growth projection for 2021 has been revised down marginally to 5.9 percent and is unchanged for 2022 at 4.9 percent. However, this modest headline revision masks large downgrades for some countries. The outlook for the low-income developing country group has darkened considerably due to worsening pandemic dynamics. The downgrade also reflects more difficult near-term prospects for the advanced economy group, in part due to supply disruptions. Partially offsetting these changes, projections for some commodity exporters have been upgraded on the back of rising commodity prices. Pandemic-related disruptions to contact-intensive sectors have caused the labor market recovery to significantly lag the output recovery in most countries. The dangerous divergence in economic prospects across countries remains a major concern. Aggregate output for the advanced economy group is expected to regain its pre-pandemic trend path in 2022 and exceed it by 0.9 percent in 2024. By contrast, aggregate output for the emerging market and developing economy group (excluding China) is expected to remain 5.5 percent below the pre-pandemic forecast in 2024, resulting in a larger setback to improvements in their living standards. These divergences are a consequence of the “great vaccine divide” and large disparities in policy support. Furthermore, many emerging market and developing economies, faced with tighter financing conditions and a greater risk of de-anchoring inflation expectations, are withdrawing policy support more quickly despite larger shortfalls in output. Supply disruptions pose another policy challenge. On the one hand, pandemic outbreaks and climate disruptions have resulted in shortages of key inputs and lowered manufacturing activity in several countries. On the other hand, these supply shortages, alongside the release of pent-up demand and the rebound in commodity prices, have caused consumer price inflation to increase rapidly in, for example, the United States, Germany, and many emerging market and developing economies. Food prices have increased the most in low-income countries where food insecurity is most acute, adding to the burdens of poorer households and raising the risk of social unrest. A principal common factor behind these complex challenges is the continued grip of the pandemic on global society. The foremost policy priority is therefore to vaccinate at least 40 percent of the population in every country by end-2021 and 70 percent by mid-2022. This will require high-income countries to fulfill existing vaccine dose donation pledges, coordinate with manufacturers to prioritize deliveries Sample to COVAX TEXT in the near-term and remove trade restrictions on the flow of vaccines and their inputs. At the same time, closing the $20 billion residual grant funding gap for testing, therapeutics and genomic surveillance will save lives now and keep vaccines fit for purpose. Looking ahead, vaccine manufacturers and high-income countries should support the expansion of regional production of COVID-19 vaccines in developing countries through financing and technology transfers.

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Continued from page -1 One more P-8i is expected soon. And there are no changes in the configuration of the aircraft that has arrived today. Why? Because they all are from the same batch. In the future there are plans to incorporate certain changes like the encrypted communications, which is expected to help in achieving interoperability in the defence equipment that India has procured from the US. And, most importantly when the navies of the QUAD and

during the multilateral drills at sea, communicating with each other will get further boost. As has been reported earlier, the Indian Navy operates P-8i and the US Navy flies P8A Poseidon aircraft. So when going for naval drills, both sides can share operational intelligence in real time and this also includes secure Common Tactical Picture. According to an official statement issued by Boeing, it is supporting India’s growing P-8I fleet by

providing training of the flight crews, field service representative service, spare parts, and ground support equipment. The company is also in the midst of completing construction on the Training Support & Data Handling (TSDH) Centre at INS Rajali, Arakkonam, in Tamil Nadu. And as part of a training-and-support package contract signed in 2019, work is in progress on a secondary center at the Naval Institute of Aeronautical Technology, Kochi.

Gati Shakti Master Plan to harness the power of Technology for Logistics Improvement: T V Narendran, CII President New Delhi Port Wings News Network auding Hon’ble Prime Minister for the launch of the landmark Pradhan Mantri Gati Shakti Masterplan, Mr T.V Narendran, President, Confederation of Indian Industry, stated that “The launch of PM Gati Shakti National Master Plan will be a gamechanger for industry and would harness the potential of Industry in line with the PM’s vision of scale and speed. The Plan is laserlike in its makeover of India’s infrastructure and is expected to impart significant impetus to national development”. CII concurred with the Prime Minister that an integrated framework of infrastructure development strategy under the Plan- which envisages a synergetic connectivity network between roads and highways, rail, ports, airports and waterways- would support the vision of Atmanirbhar Bharat and Make in India by seamlessly connecting different regions and industrial hubs. Importantly, a GIS based ERP system for mapping the entire country, which is the core of Gati Shakti Masterplan, would bring about a paradigm shift in infrastructure planning and administration.

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The Gati Shakti Master Plan would break silos that generally impede government decision-making and would lead to a fundamental shift in project planning, monitoring and execution. It would bring all stakeholders together and greater intra- government coordination which would lead to faster project roll outs resulting in reduction in time and cost overruns. The launch of the Masterplan would help to leave behind uncertainty and doubts regarding integrated infrastructure development in the country. The Gati Shakti Plan would lead to a transformational attitudinal change where the slogan now would be ‘will for progress, wealth for progress, work for progress, plan for progress and preference for progress’, the Prime Minister stated. Further, the integrated transport network envisaged by the Masterplan, would also improve manufacturing and export competitiveness as smooth and efficient transportation of goods, services and people would decrease the logistics expenses which in turn would reduce the cost of doing business in the country. The plan would also integrate the currently excluded regions into the economic

mainstream, open-up possibilities of new industrial corridors and make India an attractive destination for domestic and foreign investment. Apart from promoting manufacturing competitiveness, the plan is expected to be a major booster for job creation especially in the rural areas at a time when the country is recovering from the Covid-19 pandemic. This would have a cascading positive impact on people’s lives, thus increasing their standard of living along with taking the country forward on the path of progress and growth. Commenting on the progressive and visionary logistics plan unveiled by the Prime Minister, Mr T.V Narendran added that “Coming close on the heels of the National Infrastructure Pipeline and the National Monetisation Plan, the Gati Shakti vision would underscore the primacy of place accorded by the Prime Minister to develop world class infrastructure facilities which is crucial to improve business sentiment and speed up the country’s vision to emerge as a US$ 5 trillion economy in near future”. CII would like to partner with the government on this stellar initiative to build a new and modern India.

AD Ports Group Announces Strong Revenue Growth in H1 2021, up 21% Year-on-Year to $ 499 million Chennai

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Port Wings News Network D Ports Group on 16 October announced its financial results for the first half of the year ended 30 June 2021, reporting revenue increase of 21% year-onyear to AED 1,832 million (USD 499 million) compared with AED 1,517 million (USD 413 million) in the first half of 2020, driven by organic growth, diversification into new businesses, new leases and partnerships. EBITDA rose 8% year-on-year to AED 770 million (USD 210 million), up from AED 714 million (USD 195 million) in the first half of 2020, with growth across most of the business clusters. Captain Mohamed Juma Al Shamsi, Group CEO, AD Ports Group, said: “Our results demonstrate our resilience and the robust growth we have achieved across our business in line with our strategy. We are committed to driving development and diversification to Abu Dhabi and the UAE’s economy. Our financial

performance is underpinned by continued expansions and increased activity, with key partnerships and joint ventures being established that are expected to deliver reliable returns in the future.” “We are focused on growing our customer base across all of our business clusters. A significant part of our business is based on longterm contracts that provide reliable and stable revenues.” The underlying business witnessed cargo volumes growing from 15 million metric tonnes in H1 2020 to 25 million metric tonnes in H1 2021, while container throughput grew from 1.57 million TEUs (twenty-foot equivalent units) to 1.59 million TEUs during the same period. The industrial zones leased about 2.4 million sq. metres of land during H1 2021. From a capital-raising standpoint, AD Ports Group successfully issued a AED 3.67 billion (USD 1 billion rated A+ by Fitch and S&P, respectively) bond dually listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange

(ADX) in May 2021, achieving the lowest coupon rate for an Abu Dhabi government-related entity at the time. Operational highlights to date in 2021 include the formal inauguration of the expanded container terminal at Fujairah Port in June 2021. Martin Aarup, Group Chief Financial Officer, AD Ports Group, said: “Our business model is based on long-term contracts with predictable cash flows, enabling us to plan and invest effectively. Coming out of the peak of the COVID-19 pandemic, we are focusing on delivering solid returns and managing our capital effectively. Our invested capital increased from AED 19.4 billion (USD 5.3 billion) in 2020 to AED 22.4 billion (USD 6.1 billion) in 2021 in line with our ongoing expansion program.” The Group reported a slight decline in return on invested capital (ROIC) to 5.04%, which was mainly due to increase in invested capital across the portfolio, especially in the ports and industrial zone businesses, which are expected to yield incremental returns going forward.


Oct. 20th - 26th, 2021 Issue

Exports Continue On Path Of High Growth Trajectory: Dr A Sakthivel, President, FIEO

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New Delhi Port Wings News Network

eacting to the monthly trade data for September, 2021, which has continued on the path of higher growth trajectory, FIEO President, Dr A Sakthivel said that the monthly exports figure of USD 33.79 with an impressive double-digit growth of more than 22.63 percent along with half yearly performance of USD 197.89 with a remarkable growth of about 57.53 percent goes to show that we are on course to achieving USD 400 billion export target for the fiscal. Crossing USD 197 billion in merchandise exports during the first half of the financial year in itself is a spectacular performance during these challenging times, which further reiterates the dedication, commitment and hard work of the exporters coupled with supportive Government policies said Dr Sakthivel. FIEO Chief added that recovery in the global economies across the world added with the expectation of buoyant order booking position for the coming months specially during the festive season has also led to such continuous growth in exports. Dr Sakthivel again praised the government under the able and dynamic leadership of Prime Minister, Shri Narendra Modi and also the Union Finance Minister and the Union Commerce & Industry and Textiles Minister for showing confidence and trust on the exporters. The decision to disburse all pending export incentives, announcement of PLI Scheme for MMF and Technical Textiles, PM MITRA much needed relief to services exporters with SEIS release, capital infusion in ECGC coupled with the decision of listing ECGC through the IPO, increase in corpus of NEIA and extension of ECLGS Scheme till March 31, 2022 will further help in addressing liquidity concerns of exporters and ease of doing business, added FIEO President. The FIEO President said that the top sectors, which performed impressively during the month were Engineering Goods, Petroleum Products, Gem & Jewellery, Organic & Inorganic Chemicals, Cotton Yarn/Fabrics/Made-ups, Handloom Products etc., RMG of All Textiles, Electronic Goods, Rice, Coffee, Marine Products and Plastic & Linoleum. Dr Sakthivel emphasised that many labour-intensive sectors were major contributors, which itself is a good

sign, further helping job creation in the country. However, imports clocking USD 56.39 billion with a growth of about 84.77 percent during the month should be analysed, said Dr A Sakthivel. FIEO Chief is of the view that though the government has announced a slew of measures to support exports, the need of the hour is to soon resolve risky exporters issues, augmenting the flow of empty containers and establishing a regulatory authority to seek justification of freight hike and imposition of various charges by the shipping lines need urgent intervention of the government. Dr Sakthivel said that the Federation has also urged the Government to provide freight support to all exports till 31st March 2022 as freight rates have skyrocketed and are likely to sombre by March 2022. Fragmented to all-encompassing approach in PM Gati Shakti plan will be a game changer: FIEO Welcoming the launch of PM Gati Shakti National Master Plan for the multi-model connectivity, Dr A Sakthivel, President FIEO said that this will improve India’s productive capacity and global competitiveness with regard to not only manufacturing but also exports from India. To have all utility and infrastructure planning under an umbrella framework is unprecedented. For a long time, our infrastructure sector was witnessing inter-ministerial delays, multiple layers of stakeholders, and the culture of working in silos, said FIEO Chief. This has led to time and cost overruns and staggered pace for infrastructure led growth. The last mile connectivity is extremely important as it has a severe impact on the logistics cost though requiring not so substantial investment. Mr Sakthivel said that bringing 16 Ministries on the digital platform for the integrated planning and consolidated implementation of infrastructure connectivity will be a game changer for the Indian economy. More important is the approach which can be equally applied to many other sectors where inter-ministerial close coordination and monitoring can lead to exponential growth. These kinds of master plans will not only attract global FDI but will make India the most preferred destination of investment globally, observed President, FIEO.

Freight Rates To Start Stabilizing In Mid-2022, Says PAV President

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Chennai Port Wings News Network

peaking at the Mediterranean Ports and Shipping 2021 conference, the president of the Port Authority of Valencia (PAV), Aurelio Martínez said that freight prices will normalise in the second half of 2022 when international demand for containers slow down. “Higher freight rates mean higher costs and therefore fewer exports for regions like ours, which will mean that the growth rate will be lower than what we could have obtained in a normalised context,” claimed PAV president. Martínez inaugurated the Mediterranean Ports and Shipping 2021 conference. During his speech, he explained the pattern of transport tariffs in the current context, which is characterised by record highs, sustained increases over a long period of time and increases in all routes and types of traffic. This freight rate rise is due to various causes according to the president of the PAV, such as “the increase in internal demand, especially in the United States, the congestion generated in the North American logistics chain where there are ships stopped for 15 days in ports such as Los Angeles to unload, the deficit of containers in the face of the increase in international demand, or the prices of bunkering and fuels”. This situation has therefore caused an increase in the time that ships spend in ports as well as in import and export costs, an impact on inflation, even shortcomings in the entire logistics chain in some countries, and consequently, a slowdown in world growth. The president of PAV believes that we can learn a lesson for the future from this situation

which is affecting maritime logistics. “When you launch a measure to increase internal demand with the same infrastructures and suddenly many ships come in, you cannot provide services to everyone,” he explained, and he went on to point out that “this is the problem, as the infrastructures of the United States were not prepared to withstand this avalanche of imports, which has been one of the fundamental reasons that are affecting freight rates”. In this line, he assured that in the US, inventories are still very low and they are selling a lot so they need to replenish them. “The boom in demand will continue for a few more months, but it won’t last forever. We believe that by the middle of 2022 this situation will normalise,” said Martínez. The Regional Minister for Territorial Policy, Arcadi España, who also took part in the same event, warned of the fragility of globalisation in the face of the rupture of its value chain, and the need for a more regionalised globalisation. In view of the environmental challenges, Arcadi España noted that “we have been obliged to accelerate the changes in digitalisation, reduction of carbon emissions and innovation.” The Mediterranean Ports and Shipping Conference is an international logistics event with two days of lectures by 30 speakers who focus on the needs and challenges for the transport and logistics sector in the Mediterranean area. The conference is attended by more than 100 participants, including representatives of administrations, company managers, port authorities, shipping companies, terminal operators, importers and exporters, among others.

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PM Dedicates Seven New Defence Firms To The Nation Chennai

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Port Wings News Network

he Prime Minister, Narendra Modi delivered video address at an event organised by the Defence Ministry to dedicate the seven new Defence companies to the nation. Defence Minister Raj Nath Singh and the Defence Minister of State Ajay Bhatt, among others, were present on the occasion. In his address, the Prime Minister noted the auspicious occasion of Vijay Dashmi on Friday and the tradition of worshiping arms and ammunition on the day. He said, In India, we see power as a medium of creation. He remarked that with the same spirit, the nation is moving towards strength. He also paid tributes to Dr APJ Abdul Kalam and said that Dr Kalam dedicated his life to the cause of a strong nation and said that Restructuring of Ordnance Factories and creation of 7 companies will give strength to his dream of strong India. New Defence companies are a part of the various resolutions which the nation is pursuing to build a new future for the country during this Amrit Kaal of India’s independence, he added. The Prime Minister said that the decision of creating these companies was stuck for a long time, and expressed the belief these 7 new companies would form a strong base for the military strength of the country in the times to come. Noting the glorious past of Indian ordnance factories, the Prime Minister commented that upgradation of these companies was ignored in the post-independence period, leading to the country’s dependence on foreign suppliers for its needs. “These 7 Defence companies will play a major role in changing this situation”, he said. He also mentioned that these new companies would play an important role in import substitution, in line with the vision of Atma Nirbhar Bharat. An order book of more than Rs. 65,000 crore reflect the increasing confidence of the country in these companies, he added. He recalled the various initiatives and reforms undertaken in the recent past that have created Trust, Transparency and Technology driven

approach in the defence sector like never before. Today private and public sector are working hand in hand in the mission of national security, he added. He cited Uttar Pradesh and Tamil Nadu Defence Corridors as examples of the new approach. He noted as new opportunities are emerging for the youth and MSME the country is seeing the result of policy changes in the recent years. “Our defence export has increased by 325 per cent in last five years”, he added. He mentioned that it is our target that our companies not only establish expertise in their products but also become a global brand. He urged that while competitive cost is our strength, quality and reliability should be our identity. He further mentioned that in the 21st century, growth and brand value of any nation or any company is determined by its R&D and innovation. He appealed to the new companies that Research and innovation should be a part of their work culture, so that they just don’t catch up but take lead in future technologies. This restructuring would provide more autonomy to the new companies to nurture innovation and expertise and the new companies should encourage such talent, he added. He urged the start-ups to become a part of this new journey through these companies to leverage the research and expertise of each other. He mentioned that the Government has given these new companies not only a better production environment but also complete functional autonomy. He reiterated that the Government has also ensured that the interests of the employees are fully protected. To enhance functional autonomy, efficiency and unleash new growth potential and innovation, the Government has decided to convert Ordnance Factory Board from a Government Department into 7 100% Government owned corporate entities, as a measure to improve self-reliance in the defence preparedness of the country. Accordingly, 7 new Defence companies were incorporated, namely Munitions India Limited (MIL); Armoured Vehicles Nigam Limited (AVANI); Advanced Weapons and Equipment India Limited (AWE India); Troop Comforts Limited (TCL) (Troop Comfort Items); Yantra India Limited (YIL); India Optel Limited (IOL); and Gliders India Limited (GIL).

Challenges At Chinese Ports Impacting Global Shipping

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Chennai Port Wings News Network

hile much of the focus has been on the challenges shippers and carriers are having at getting imports offloaded at their destination ports and delivered, there are also growing backlogs at Chinese factories and ports. The problems developing at the front end of the supply chain are now raising concerns about further challenges contributing to the global delays and shortages and are likely to drive shipping costs even higher. The latest analysis of trends across the global supply chain from project44, an advanced visibility platform for shippers and logistics service providers, highlights the depth of the challenges developing at the front end of the supply chain from China. While the recordsetting 73 ships anchored off Los Angeles and Long Beach made headlines last month, project44 believes the problem is becoming equally acute at the source with port congestion at China’s largest ports underscoring the scale of the situation. Containerized trade through Chinese ports accounts for 40 percent of global container trade with the leading trade routes emanating from China’s ports to the west coast of the United States and Northern Europe. According to project44 data, as of October 7, there were approximately 386 ships anchored outside or at the terminals in Shanghai and Ningbo. Shanghai is the world’s busiest container port while Ningbo is the third busiest container port in the world. At those two ports alone, project44 determined there 228 were cargo ships and 45 container vessels. Josh Brazil, project44’s VP of Supply Chain Insights, likens the current situation to a “global whiplash effect.” In addition to the disruptions and delays being

caused at the terminus points in the supply chain, there is also a range of issues that are impacting the ability to move goods out of China. These range from lingering backlogs as a result of the COVID-19 closure and controls at the ports, last week’s Golden Week holiday, and the impact of Typhoon Chanthu, which closed the ports at Shanghai and Ningbo. Moreover, businesses across China are facing a power-shortage crisis due to coal shortages and the government’s strict rationing of electricity. The extent of the growing supply chain problems originating in China is demonstrated by increasing dwell times at China’s ports, rollover rates that remain at elevated levels, and longer lead times for products from the ports to reach their destinations. According to project44, these numbers spell further product shortages, delays for businesses and consumers, against a backdrop of holiday sales and a global postCovid recovery. “We can expect these growing backlogs across Chinese manufacturers and ports to exacerbate imbalances at US and European ports,” says Brazil. project44’s real-time supply chain visibility platform highlights that the lead times for shipments from China to U.S. West Coast have drastically increased in 2021 compared to 2020 and 2019. Lead times from China’s primary ports at Shanghai, Qingdao, and Yantian are each up by more than a third when compared to 2019. “As it becomes increasingly hard to get inventory from factory floors to end-consumers, competition for shipping capacity will heat up,” predicts Brazil. “At this point, pretty much everybody is feeling the pain. The challenge is less about achieving full inventory -- that ship has sailed -- and more about adapting to, and planning for future disruption.”


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Oct. 20th - 26th, 2021 Issue

PM GATI SHAKTI To Boost Development of Multimodal Logistic Park At Mappedu: Sunil Paliwal Chennai Port Wings News Network ‘PM Gati Shakti’ initiative launched by Shri Narendra Modi, Hon’ble Prime Minister of India on 13 October 2021 will give a fresh boost to the connectivity infrastructure in the nation. One such upcoming project in the Chennai region is a multimodal logistic park at Mappedu. A Memorandum of Understanding (MoU), in this regard, was signed on 12 October 2021 amongst Chennai Port Trust (ChPT), National Highway Authority of India (NHAI) and Government of Tamil Nadu (TIDCO, GoTN) to develop a stateof-the-art multimodal logistic park (MMLP) at Mappedu. The MMLP project will be developed over 158 acres of land in Mappedu village of Tiruvallur district at an estimated cost of INR 1045 crores. It will have road and rail connectivity. The MMLP will act as a world-class logistic aggregation/ disaggregation point for various forms of cargo across different transportation modes. It will provide large-scale warehousing and cold storage facility with provisions for value-added services viz. packaging, labelling, etc. This logistic park will be a one-stop solution for all services related to cargo movement viz. cross-docking, container stackyard, custom clearance, testing facilities,

documentation, weighbridges, etc. Various amenities such as truck parking, truck repair, lodging for drivers, eating joints, etc. will also be provided. A road over-bridge near the MMLP is planned to ensure seamless movement of through traffic. The MMLP at Mappedu is among the first projects to be chosen for implementation under a grand scheme of ‘Bharatmala Pariyojna’ of the Government of India. Under this scheme, 35 such multimodal logistic

parks are planned across the country to enhance logistics efficiency and to reduce logistics costs. Provision of rail connectivity will reduce transit time, increase handling efficiency and substantially reduce road traffic besides reducing air pollution. A state-of-the-art Freight Management System will ensure seamless cargo transfer from one mode to another throughout the MMLP network. To develop the MMLP at Mappedu, a Special Purpose

Vehicle (SPV) will be formed with all the three stakeholders viz. ChPT, NHAI and TIDCO. Chennai port will hand over the 121.74 acres of ‘Port Trust Land’ to the SPV, GoTN will contribute Rs. 50 crores to the SPV. Additional area of 36.23 acres adjacent to the ‘Port Trust Land’ will be acquired by NHAI. NHAI will also bear the cost of the road connectivity project. A new railway siding will be developed at the MMLP to provide rail connectivity from the nearest rail head near Kadambattur for a length of about 12 km. We are in talks with Railway Vikas Nigam Limited (RVNL), a public sector enterprise under the Ministry of Railways, to participate in the SPV. The capital contribution of the RVNL will be treated as equity in the SPV. The Special Purpose Vehicle will select a concessionaire/ contractor through competitive bidding for the development and operation of this MMLP. To conclude, the MMLP project will induce favourable logistic parameters with regard to time and cost. It will also enable industrial development in the region, providing new employment opportunities. Lauch of ‘PM Gati Shakti’ will ensure close monitoring and a speedy completion of the project.

For the first time in the history of major ports, Ship-to-Ship operation of LPG undertaken at Syama Prasad Mookerjee Port Kolkata

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Port Wings News Network he restricted draft in the river channel necessitates offloading of part cargo at neighbouring ports before calling at Haldia Dock Complex (HDC) or Kolkata Dock System (KDS) of Sysma Prasad Mookerjee Port Kolkata (erstwhile Kolkata Port Trust). Consequent to two port discharge, vessels incur dead freight and additional steaming time. To obviate the inherent channel constraints, SMP Kolkata has endeavoured to open up opportunity for importers to bring in Cape Size or Baby Cape vessels at the deep drafted anchorages located at Sagar, Sandheads and X Point and enable handling of fully laden dry bulk vessels through deployment of Floating Cranes or ship cranes. Over the years good number of dry bulk vessels have been handled at the lighterage points. Due to the strategically advantageous location, HDC has witnessed incremental demand from trade in terms of catering to LPG, imported POL products and other liquid cargo. Several discussions with the senior management of the Oil Manufacturing Companies like BPCL, IOCL, HPCL and other leading private importers of LPG and other liquid products pointed to the intrinsic benefits that can be harnessed through extending the facility of Ship–to-Ship Transfer (STS) of LPG/ Liquid Cargo at the Deep drafted anchorage points of SMP, Kolkata. The Single Port Handling would not only enable to overcome draft restriction at Haldia thereby negating dead freight but also help in mobilization of more

cargo thereby reducing unit costs. HDC, SMP, Kolkata took a pioneering initiative to explore STS Operations of LPG within its limits to handle fully laden vessels and requested Customs Authorities

to allow such operations. Matter was pursued with Customs and they kindly considered the request and issued necessary permission on 26.04.2021 allowing such STS Operations. Further, to promote lighterage operations in general, SMP Kolkata extended substantial discount in terms of vessel and cargo related charges and an additional concession towards Tug Hire Charges was extended by the port specifically for STS Operation at Sandheads. As a result of this pioneering initiative, the first ever STS Operations of LPG in Indian Coast was undertaken by BPCL on 15th October, 2021. BPCL engaged service provider M/s Fendercare Marine to render the services at the offshore STS location. M/s. Fendercare Marine Omega, a renowned company in STS operation of Liquid Cargo is providing the logistics support. Tug for berthing the vessel at STS site and towing/placing of large size Yokohama fenders is being provided by SMP Kolkata. The Mother vessel MT YUSHAN

with a parcel load of 44551 MT cargo carried out STS operation with Daughter Vessel MT HAMPSHIRE at Sandheads. The cargo operation commenced at 1248 hrs. on 15.10.20121 and completed at 0606 hrs. on 16.10.2021. Thus, within a short span of around 17 hrs., a quantity of 23051 MT of cargo was transferred to the daughter vessel. The STS Operation for BPCL was earlier done at Male and by doing STS Operation at HDC, BPCL will save valuable foreign exchange. This Operation at HDC reduces the time taken for a daughter vessel by 7-9 days from BPCL’s other location for STS operations which consequently entailing savings of around US $ 3,50,000 per voyage on account of BPCL. The instant STS operations is expected to open new business potential not only for the country’s oldest riverine Major Port but also benefit the trade and country as a whole in terms of saving substantial foreign exchange. Thus the STS operation at SMP, Kolkata is likely to emerge as a game changer in the overall economics in handling of imported LPG in the Indian Coast. The gradual increase in the volumes of LPG imports at HDC is placed below: Quantity of LPG imports at HDC in MT : FY 2016-17 : 20,22,520 FY 2017-18 : 24,90,374 FY 2018-19: 34,61,547 FY 2019-20: 40,16,894 FY 2020-21: 48,48,193

Pre-pandemic Container Prices Now ‘a dream’ as Bottlenecks Deepen Chennai

Port Wings News Network ontainer prices have risen uncontrollably around the globe, making transporting goods extremely costly. Meanwhile, sector representatives in Turkey say turning back to pre-COVID-19 prices has “now become a dream.” “Before the COVID-19 pandemic, the cost of shipping a container from Shanghai to Los Angeles was approximately $1,600. Today, the amount to be paid for freight on the same route is $20,000,” says Istanbul Chamber of Commerce (ITO) head Şekib Avdagiç. “If you’re lucky enough to find a container,” he added. Avdagiç noted that first the container and freight prices increased around the world, and now there is a serious energy crisis. Stating that all these crises have brought the supply chains of Western economies into question, he said that the increase in global logistics costs provides a serious competitive advantage for Turkey, thanks to its proximity to European, Middle Eastern and North African markets. Suppliers have not been able to keep up with the increase in demand following the reopening of economies. Ships are lined up outside American ports waiting to offload goods, pandemic restrictions shuttered manufacturing and trade routes while suppliers, who are facing shortages of workers and truck drivers, have not been able to keep up with the sudden surge in demand for goods. The disruptions, which some policymakers fear may be longlasting, have hobbled the recovery momentum, prompting the International Monetary Fund (IMF) to cut growth forecasts for major economies like the United States and Germany. These developments could be a stronger-than-ever advantage for Turkey’s private sector, Avdagiç said, noting that experts believe that Western countries will review their procurement of goods and services

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from China in the face of cost increases created by the commodity, freight and lastly, the energy crisis. Stating that this advantage of Turkey can be made permanent, Avdagiç said even “the Chinese are asking how American companies still find imports from China advantageous despite the high freight prices.” “The high-rate increases observed in Turkey’s exports to the U.S. and European markets in the recent period are the footsteps of this change. The conjuncture offers Turkey an unmissable opportunity, stronger than ever, to focus on being a strong ‘hub’ in the global supply chain. Turkey will turn this opportunity into its favor, with the appropriate policies of the government, as well as the investment and marketing strategies that the industrialists have already started to meet the increase in demands, and make it permanent. We do not doubt that.” Commenting on the global economy’s return to pre-pandemic times, the Turkish commerce official said, “For short-term growth, containment of the pandemic is paramount.” “The necessity of a fiscal policy that has a strong financial position comes to the fore. The third element in the complementary policy set is monetary policy. Although the necessity of a measured monetary tightening is obvious, the efforts to keep the rising inflation under control point to a process that requires finetuning,” Avdagiç said. Noting that the leading indicators signal that the growth momentum weakened along with the rising inflation in the world, especially in the U.S. and China, Avdagiç said that while the loss of momentum in the economic activity in the U.K. is also obvious, the supply chain disruptions also negatively affected Germany – Europe’s largest economy. In September, the U.S. consumer inflation remained elevated, global oil prices have jumped over $80 a barrel, the highest in years, and British families may be forced to do without turkeys for Christmas dinner.

Department of Fisheries has approved Rs 1,723 crore worth proposals: Dr L Murugan Mangalore Port Wings News Network “Under PMMSY, the Department of Fisheries has approved Rs 1,723 crore worth of proposals for 21 States/UTs in phase-I”, Union Minister of State for Information and Broadcasting, Fisheries, Animal Husbandary and Dairying Dr L Murugan said in a media interaction at Udupi. Dr L Murugan is on a two day visit to Mangalore and Udupi in Karnataka. He visited the Ice plant at Baikampady in Mangalore. He participated in the issuing of sanction orders for the beneficiaries under the refrigrated vehicle and insulated vehicle components of Pradhan Mantri Matsya Sampada Yojana (PMMSY). Dr Murugan also visited the master cold storage in Kulai and cage culture units at Tannir Bavi. He interacted with the beneficiaries and owners of motorised boats under PMMSY scheme. Dr Murugan also visited Malpe fishing harbour and interacted with the fishermen at Udupi . He spoke to the media on the occasion and explained about the PMMSY scheme and its reach among the people in coastal areas.

He said that, PMMSY scheme primarily focuses on adopting ‘Cluster or Area based approaches’ and creation of Fisheries clusters through backward and forward linkages. He informed that special focus will be given for employment generation activities such as seaweed and ornamental fish cultivation. It emphasises on interventions for quality brood, seed and feed,

with special focus on species diversification, critical infrastructure, marketing networks etc He informed that, as of now, under PMMSY the Department of Fisheries has approved Rs 1,723 crore worth of proposals for 21 States/UTs in phase-I. Priority has been accorded for income generating activities under PMMSY.


Oct. 20th - 26th, 2021 Issue

Risk is shipping’s innovation handbrake Port Wings News Network isk is the “big handbrake” on the adoption of new technology in shipping, according to Watson Farley & Williams’ partner Mike Phillips. Speaking at a WFW seminar, Phillips said that shipowners, operators and traders exist in a world of risk and they daily work towards mitigating that risk. “Adopting new technology represents an increase in risk in the first instance,” he said. Within an industry with heavy infrastructure, the scope of that risk is enormous, he added. Phillips was a panellist at shipping lawyer

reluctant to do so on a promise.” The same applies to those that are financing ships as they are financing cash flow, not technological risk, he added. “If you get a system where you can track, account for and measure the delta through the investment, that’s a really good way forward. Then, the charterers can actually see that they are getting something back, so they are willing to take more of the share of the risk, whether through a longer-term charter or funding demonstrator projects.” It is also important to recognise who is responsible for which risks. Phillips said: “If you are a shipowner, charterer or financier you also need to remember the risks that are

WFW’s discussion on ‘New Horizons: Pitfalls & Possibilities of Shipping’s Technological Evolution’ which took place during London International Shipping Week. Daniel Saunders, also a partner at WFW, noted that the shipping industry’s bent towards standardisation is a sticking point for adoption of new technologies. Standardisation is the accepted practise for clauses, charters and joint venture agreements. However, if that is laid across the concept of the broad range of technologies, standardisation is not achievable. “You need to approach these things on a case-by-case basis. For example, you can’t apply the concept of a shipbuilding contract instalment process for payment for a scrubber,” he said. Contractually, the market needs bespoke contracts for bespoke technologies. However, this also raises risks: “From a disputes point of view that would raise the risk of ensuring that you have the proper advisors to get the right contracts at the time. Then there is also raised risk of not having standardisation and then it is much harder to be determinative of where a litigation or claim might fall out. “Is it better to try and keep as much to the standard known wording of shipping as possible or should we really be looking at being very specific and bespoke when looking at new technologies?” Saunders asked. Phillips pointed out that as technological innovation within shipping is iterative, the legal response to it should be iterative as well. WHO PAYS? On the question of who pays for technological innovation in shipping, the panellists said risk is a key determinator. “There is efficiency of hardware, there is R&D, and there is funding the infrastructure,” Saunders said. “For efficiency of hardware the usual way the risk would fall is to ask is it legally mandated. R&D funding I think will come from the larger shipowners. They are the people best placed to fund it, and to test the new equipment and software.” In his response to the question, Martin Crawford-Brunt, CEO of Lookout Maritime, said that there is an opportunity in terms of digitalisation of data as an enabler to help on this journey. “If you can measure how much you are saving, the charterers are far more likely to come to the table; they are much more

out there for those people manufacturing or supplying that change. If we are talking about hardware change that means either an engineering company, a shipbuilder or an engine manufacturer.” He added while builders asked to work on a new design might say yes, history demonstrates that sometimes they were wrong to take that risk. “When we are negotiating contracts we say, ‘you take this design risk, builder’ and they’ll say ‘sure’. The allocation of risk may then look good on paper, but what if they then don’t deliver?” he asked. The waters are further muddied when discussions turn to software, IP and data, said Saunders. In hardware scenarios, shipowners at least have a working knowledge of shipyards and dealing with hardware manufacturers. But now they are having to grapple with dealing with software providers, dealing with bugs, software maintenance agreements, and IP rights, among other factors. CARBON SAVINGS In terms of the technology to back, there remains “a lot of complexity”, CrawfordBrunt said. “We have to try to make a better distinction between innovation and what can be done with existing assets today.” Every tonne of carbon saved today is one tonne of carbon less to be abated in the future, he added. Stakeholders are looking for answers, but while they are clear on the why and the what, the how and by when are the “tough spots”, he said. Added to this, there are different timescales depending on where people sit within the stakeholder community. Shipping also needs to be careful that there isn’t too large a gap between expectation and reality because “that can lead to disengagement”. Crawford-Brunt also reminded the session that this is a whole industry challenge that requires whole industry engagement. “You need to be thinking across all dimensions or you are going to be caught out somewhere.” He is particularly concerned about engaging the human element and focusing on the welfare and safety of crew when considering how ships are going to be operated in the future. “We need to be thinking about the human dimension with the technologies being adopted on board. They need to come along for that journey,” he said.

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Chennai

5

JNPT’s Multimodal Connectivity in Accordance With Objectives of Gati Shakti Special Article by Shri Sanjay Sethi, IAS, Chairman, JNPT

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he PM Gati Shakti National Master Plan for Multimodal Infrastructure Connectivity to Economic Zone aims to enable efficient connectivity for the flow of products and people while also improving the comfort of living and doing business. The plan aims to boost Indian infrastructure and multi-modal connectivity over the next 25 years and reduce logistics costs for improved global competitiveness. The project will kick off a virtuous cycle of investments, large employment opportunities, aggregate demand, and thus economic growth. Multimodal connectivity results in high environmental sustainability, with the development of new modal and intermodal infrastructure and hinterlands which have gained access to the global m a r k e t . Compelling multimodal transportation at JNPT not only provides manufacturers faster access to domestic and international markets but also has a multiplier effect on the economy too. It will ensure that infrastructure investments flowing into the country are better utilised by the economic hubs, and open the doors for new future economic zones. Multimodal transport system at the port has integrated different geographical scales from global to local by creating a transportation system composed of gateways and hubs where regional and local transportation networks converge. JNPT has created a vibrant and efficient multimodal system integrating roads, rail, sea, inland waterways, air and warehousing facilities. The port has formulated a strategic model to conceptualize multimodal maritime connectivity at the regional and global levels. With an extensive network of road, rail, inland shipping and container services JNPT are well connected with the rest of the country. The port’s maritime and intermodal solutions create better transportation, ensure manufacturing hubs gets the easy and shortest route to take their goods for exports. By providing a coastal berth at JNPT, the port handles about 2.5 million tonnes of coastal cargo, including coastal liquid cargo. The construction of the dedicated berth is in tune with the government’s policy to promote coastal shipping to shift freight from road to an environment-friendly and cost-effective mode of transport. It also meets a constant demand from the shipping and trade fraternity. Coastal berths provide an impetus for coastal cargo movement and enhance coastal shipping of goods and passengers. Better infrastructure for coastal shipping decongests rail and road networks besides ensuring cost-competitive and effective multi-modal transportation solutions.

With Gati Shakti, the country will get an integrated, harmonised transportation and logistics grid as logistics and supply chain costs account for 12% to 13% of the Gross Domestic Product (GDP), compared to the global average of 8%. Equally true with the road network at JNPT, linking the port with the hinterland road network are NH4B, NH4, NH17, NH 3 & 8 and State Highway 54. These roads are an important link between the northern and southern parts of India and JNPT. To enhance the rail connectivity and enable faster movement of cargo to benefits the EXIM community, JNPT is linked with the Indian Railways through a lead line connecting the port with its serving station at Jasai. The rail system at the port is operated and maintained by the Indian Railways, has 8 fulllength railway lines serving the three existing container terminals. The functioning of Dwarf Containers train services at JNPT is a pivotal step towards streamlining the rail movement of EXIM cargo via doublestacked dwarf containers giving the EXIM community a competitive cost advantage by lowering hinterland logistical costs, while simultaneously enhancing rail-cargo traffic at the port. Multimodal connectivity integrates the supply chains of the region further enhancing trade connectivity and benefits not only the business community but also the people of the sub-region. It has positive impacts on employment, domestic demand mobilisation, and improvises the macroeconomic situation of the country. Efficient and adequate systems of transportation, logistics, and trade-related infrastructure can assist a country’s ability to compete on a global scale. Gati Shakti will lend more power and speed to the Infrastructure Pipeline by sharing resources and developing synergies towards building a more harmonised ecosystem. It will ensure lastmile connectivity to economic zones in a definite timeframe by ultimately improving India’s productive capacity and global competitiveness in manufacturing in India. JNPT’s multimodal connectivity contributes immensely along the lines of PM Gati Shakti National Master Plan for Multimodal Infrastructure Connectivity to Economic Zone. The extended gateways globally and locally are seamlessly connected to the port by rail, road, air, etc. enhancing, maximum and flexible access to the hinterland, creating flexibility and efficiencies among businesses, connecting the movement of people, goods and services.


6

Vessel Position at Terminals - (20.10.2021 To 27.10.2021)

Oct. 20th - 26th, 2021 Issue

7

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin 19/10

20/10

BOX

MV.SMILEY LADY

21078S

BTL

COLOMBO, TUTICORIN, COLOMBO

21/10

22/10

TUX

MV.OEL SHRAVAN

21170

TWF

22/10

23/10

BOX

MV.SMILEY LADY

21079S

23/10

24/10

CTS

MV.FSL SINGAPORE

24/10

25/10

TUX

MV.OEL SHRAVAN

CITPL - Chennai ETA

ETD

Service

Vessel Name

Voy

COLOMBO, TUTICORIN, COLOMBO

Agent/ Line

22/10

23/10

CI3

XIN WEN ZHOU

136

CCO

OASIS SHIPPING

COLOMBO, TUTICORIN, COLOMBO

Port Kelang(North port) – Singapore,Shangha

20/10

21/10

MD1

TRF KAYA

1739W-1739E

OAS

033S

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

Port Kelang(North port) – Singapore,Shangha

22/10

23/10

FME

CMA CGM RACINE

0FD46E1MA

CMA

21171

TWF

COLOMBO, TUTICORIN, COLOMBO

Port Kelang(North port) – Singapore,Shangha

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

19/10

20/10

CIX

HYUNDAI JAKARTA

114

KMD

Jebel Ali, Mundra,Hazira,Nhava Sheva

19/10

20/10

IVK

TC SYMPHONY

52

GOL

20/10

21/10

C13

INTERASIA CATALYST

7

WAN

Port Kelang(North port) – Singapore,Shangha

Calling Ports

NSICT - Mumbai ETA

ETD

Service

Vessel Name

19/10

20/10

MESAWA

20/10

21/10

21/10

Voy

Agent/Line

Calling Ports

RHONE MEARSK

MSK

Mundra, Nhava Sheva, Valencia, New York, Norfolk, Charleston, Savannah, Freeport

BLUENILE

RIO CENTAURUS

MSK

22/10

CSC

RITA

SMM

22/10

23/10

MIDAS

GLACIER BAY

CCA

22/10

23/10

AIM

SEASPAN LAHRE

HLI

Nhava Sheva, Mundra, Port Qasim, Singapore

20/10

21/10

ADHOC

BLPL BLESSING

2117

BLP

Nhava Shiva,Mundra, Khor Al Fakkan, Port Klang,Singapore, Shanghai,

20/10

21/10

CCG

MOGRAL

43

SIM

Cochin , Nhava Sheva, Mundra, Jebel Ali, Bandar Abbas, Dammam

22/10

23/10

IPAK

MSC CHARLESTON

MSC

21/10

22/10

CIX

HYUNDAI OAKLAND

108W

HMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

23/10

24/10

ADHOC

SENTOSA TRADER

SHS

Nhava Shiva,Mundra, Khor Al Fakkan, Port Klang,Singapore, Shanghai,

24/10

25/10

CIX

HYUNDAI TACOMA

110

HMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

23/10

24/10

ADHOC

IKARIA

HLI

Nhava Shiva,Mundra, Khor Al Fakkan, Port Klang,Singapore, Shanghai,

25/10

26/10

CIX

HYUNDAI BANGKOK

105

HMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

23/10

24/10

MWE

SEAGO ISTANBUL

MSK

26/10

27/10

C13

OOCL ZHOUSHAN

234w

OIL

Port Kelang(North port) – Singapore,Shangha

24/10

25/10

MECL

MAERSK COLUMBUS

MSK

Colombo,Damietta Piraes Rotterdam, London

24/10

25/10

IEX

GULF BARAKAH

SBG

Colombo,Damietta Piraes Rotterdam, London

26/10

27/10

MESAWA

MARATHOPOLIS

MSK

Mundra, Nhava Sheva, Valencia, New York, Norfolk, Charleston, Savannah, Freeport

27/10

28/10

BMM

KABUL

PRD

27/10

28/10

BLUENILE

NORTHERN DEPENDENT

MSK

VCTPL, Vizag ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

19/10

20/10

CHX

JEPPESEN MAERSK

141W

MSK

Ennore, Krishnapatnam, Visakhapatnam, Tanjung Pelepas, Xingang, Qingdao

20/10

21/10

CVK

MSC JANIS 3

SV136R

MSC

22/10

23/10

IEX

TOKYO BAY

2137W

HLL

Colombo, Damietta Piraes Rotterdam, London

22/10

23/10

MDM

TRF KAYA

1739E

OAS

Colombo

ETA

ETD

Service

Vessel Name

25/10

26/10

FME

CMA CGM RACINE

0FD46E1MA

CMA

Port Kelang(North port) – Singapore, Shanghai

25/10

26/10

PRT>KAK>COK

SSL GUJARAT

25/10

26/10

MDM

GREEN HOPE

31740E

WHL

Colombo

26/10

27/10

CHX

JOSEPHINE MAERSK

142W

MSK

Ennore, Krishnapatnam, Visakhapatnam, Tanjung Pelepas, Xingang, Qingdao

27/10

28/10

CCG

SM NEYYAR

0027

SIM

Cochin , Nhava Sheva, Mundra, Jebel Ali, Bandar Abbas, Dammam

APM Terminal - Mumbai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

19/10

20/10

PS3

ONE CONTINUITY

ONE

Port Qasim, Nhava Sheva, Pipavav, Colombo, T.Pelepas,Tanjung, Singapore, Hong Kong, Ningbo, Pusan, Kwangyang, Qingdao, Dalian, Xingang

19/10

20/10

NMG

CAPE MORETON

SEC

Jebel Ali, Mundra,Hazira,Nhava Sheva

22/10

23/10

FM3

LISA

MAE

Pipavav,Hazira,JNPT,Jebel Ali,Salalah,Port Said,Mersin,Ambarli Port,Izmlt Korfezi,Novorosslysk

19/10

20/10

CIX

SPIL KARTIKA

WHI

Jebel Ali, Mundra,Hazira,Nhava Sheva

19/10

20/10

MINA

BALTIC BRIDGE

CCA

Jebel Ali, Mundra,Hazira,Nhava Sheva

20/10

21/10

CWX

X PRESS ANGLESEY

SEC

Pipavav,Port Klang,Singapore, Shangai, Ningbo, Xiamen

19/10

20/10

ADHOC

HOCHININH VOYAGER

PAM

Nhava Shiva,Mundra, Khor Al Fakkan, Port Klang,Singapore, Shanghai,

25/10

26/10

ADHOC5

GFS PEARL

CEA

Nhava Shiva,Mundra, Khor Al Fakkan, Port Klang,Singapore, Shanghai,

26/10

27/10

MINA

APL ANTWERP

CCA

Jebel Ali, Mundra,Hazira,Nhava Sheva

25/10

26/10

ADHOC3

LIDER PERIHAN

ULS

Nhava Shiva,Mundra, Khor Al Fakkan, Port Klang,Singapore, Shanghai,

22/10

23/10

ASX

GFS GISELLE

SMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

21/10

22/10

CIX

EVER UNITY

EGI

Jebel Ali, Mundra,Hazira,Nhava Sheva

As the data is received by us, sometimes even at the eleventh hour by telephonic messages from the concerned Steamer Agents, there is every likelihood of last minute changes in the data published for which and also for the printing errors occuring the Management of Port Wings is not responsible or liable.

Kakinada Container Terminal Voy

Agent/Line

Calling Ports

IMPERIAL

INHAL>INCOK>IMAA

Maersk ties up with Danish Crown on global end-to-end logistics

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Chennai

Port Wings News Network .P. Moller - Maersk (Maersk) has announced on 15 October the signing of a global end-to-end logistics agreement with Danish Crown from 2021. The three-year end-to-end agreement covers all Danish Crown’s business units, delivering solutions on ocean services, inland logistics and cold chain logistics. Access to the digital supply chain platform Tradelens, which is underpinned by blockchain technology, is also a core part of the agreement. “We are excited to be chosen as Danish Crown’s main logistics company. The food supply chain is highly demanding, but we will work hard to provide fast, reliable and dynamic supply chain solutions to Danish Crown as a modern end-to-end logistics company with fully controlled assets,” said Vincent Clerc, Executive Vice President and CEO Ocean and Logistics. A.P. Moller - Maersk. Danish Crown is one of the world’s largest exporters and the number one supplier of pork in Europe. The Danish Crown Group is also the largest meat-processing company in Europe, and Danish Crown Beef is a key player in the European beef market, while the groups trading company ESS-FOOD sells and distributes fresh and frozen foods worldwide. The agreement finally includes DAT-Schaub, which is a global market leader in casings for sausage production across the World. With a significant export to Asia and a growing business in both North- and South

America it is key for Danish Crown to ensure a flexible and resilient supply chain to support their business needs and meet their sustainability targets. ”There is no doubt, that Maersk is at the leading the sustainability transition within container logistics, which very much aligns with our own ambitions to become the world´s most sustainable meat supplier in 2030. Maersk is a natural choice for Danish Crown, as our customers will expect that we are able to undertake the responsibility of all business activities in the food supply chain right from the Danish farmer to the dinner tables in Shanghai, Tokyo or New York,” says Jais Valeur, Group CEO of Danish Crown. As one of the largest food exporters in the world, Danish Crown values an active partnership with a logistics leader such as Maersk, that can accelerate their business and reduce complexity. ”Through sheer business size and its extensive network Maersk can offer a reliability in our supply chains which our customers are increasingly demanding. At the same time, we will get a partner in Maersk who understands and priorities the importance of an active collaboration in our daily business. This close collaboration is key and will ultimately service our customer’s needs,” into account said Jais Valeur. The global agreement will enter into effect as of 1st October 2021 and is Europe’s largest on reefer logistics.


Oct. 20th - 26th, 2021 Issue

IMO Secretary-General opens WISTA International Conference in Hamburg Chennai

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Port Wings News Network ISTA International began their two-day conference in Hamburg on 14 October with discussions exploring the theme of ‘Today’s Actions for Tomorrow’s Business’ in the maritime industry. Kitack Lim, IMO Secretary-General opened the conference with a broadcasted live speech, remarking on the current challenges in the shipping industry, and how the IMO is responding. The 2030 UN Agenda and the Sustainable Development Goal 5 – achieve gender equality and empower all women and girls is an aim of IMO aligning with WISTA efforts. An MoU was signed between WISTA and IMO during 2020, as part of this collaboration, a survey will be undertaken every three years. The ‘Women in Maritime Survey’, the first survey was launched early this year with the support of IHS Markets. Lim commented that “The IMO-WISTA international survey

on women in maritime is to examine the proportion and distribution of women working in the maritime sector, from support roles to executive level positions. This work is ongoing and we are expecting to provide a preliminary analysis of the findings soon.” WISTA International have also recently announced they have launched a survey looking into the effects of COVID-19 on women in maritime. The COVID-19 pandemic has affected every industry, especially the maritime and shipping, however the industry continued to operate throughout the past two years during the stressful times of the pandemic. The acknowledgement of seafarers was also highlighted by Lim during his speech whilst also mentioning the issues seafarers faced. “I am continuously advocating for seafarers, who have suffered tremendous hardships as travel restrictions have prevented them leaving and joining ships. We need seafarers and they need our support. IMO, in cooperation with

all stakeholders, has been working tirelessly to resolve issues such as crew change, access to medical care and vaccination for seafarers.” As the industry moves beyond the pandemic, consideration for the challenge of decarbonisation is also a key focus as discussed throughout the conference. IMO ambitions for greener shipping, Lin explains, is the responsibility of all in the industry. “IMO’s role is to act as the global forum to bring stakeholders together, taking into account the different concerns, priorities and needs of Member States, the industry and relevant stakeholders. The decarbonization of shipping needs to be inclusive, bringing everyone on board.” Looking ahead to the future of shipping as representations of all nations come together to explore solutions and bringing awareness to challenges in the industry. WISTA International conference continued today, including panels and presentations from experts in the industry.

Shipowners Brace For Big Hike In Insurance Costs Chennai

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Port Wings News Network hipping, facing the rare prospect of solid returns for 2022, will see its bottom line take a hit as insurers come in demanding far higher rates. The shipping industry has been spooked by twin announcements this week from two British P&I Clubs, giving a strong hint that insurance costs are set to go through the roof. First, the London Club came out this week with a supplementary call for members covering the last three years. The additional hike works at 25% over original budgets with the struggling insurance firm citing the “acute softness” in rating levels in the P&I sector as well as the high level of claims this year and an increase in the cost of claims involving Covid-19 as reasons for the additional hikes. The last time

the London Club was forced to call for additional cash was in the wake of the global financial crisis of 2008. This P&I bombshell was swiftly followed by the first inkling of what owners will be forced to shell out for cover next year with the West of England P&I Club yesterday calling for a 15% hike in rates. Other P&I Clubs will make their own 2022 price announcements shortly. 15% is far above a normal annual raise, typically a 5% increase would be considered a large call in years gone by. “Record pool costs and Covid-19 related liabilities mean that a corrective action is now necessary,” the West stated in a note to clients. “The Pool continues at record levels in terms of the magnitude of claims and this trend shows no sign of abatement. At the six months position this year, the incurred cost of the Pool already exceeds that of

the same position in 2020 which was itself a record high,” West pointed out. Like the London Club, West stressed current rates are too low and must increase to better equate premium with claims, especially where a low investment return environment means that investment returns will not support continued technical losses. Other clubs will announce their 2022 intentions soon with UK P&I Club tipped by Splash sources in London to go for a 10% hike with Britannia and Gard likely to be in the same ballpark. “A boom in the freight market always causes heavy losses in P&I. Because of the lag effects, the P&I situation will be worse next year and the year after,” warned one well-placed London observer of the marine insurance markets today.

COVID-19 has accelerated digitalization in shipping Chennai

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Port Wings News Network ccording to a new report sponsored by satcom provider Inmarsat, the COVID-19 pandemic has greatly accelerated the uptake of digital technology in the maritime industry. “The impact of COVID-19 on ship operations is evidenced by a massive increase in the use of remote services such as pilotage and surveying,” wrote maritime consultancy Thetius. “Similarly, crew training and officer examinations went fully online for the first time ever in some jurisdictions. More broadly, global trade facilitation saw an explosion in the use of digital tools, including massive growth in consumer demand for e-commerce and the use of online booking platforms for shipping freight.” A study of Inmarsat’s own records showed that the average daily data consumption per vessel

nearly tripled during the first year of the pandemic, rising from 3.4 to 9.8 gigabytes. The report’s authors project that the global maritime digital products and services market this year will be worth $159 billion - 18 percent more than pre-pandemic forecasts. By 2035, it could double to $345 billion. This market is expanding due to the uptake of new solutions, like remote pilotage, remote surveys and remote medical assistance. COVID-19 has expanded the use of telemedicine in general, and seafarers - who have often been prohibited from disembarking due to coastal state quarantines - have increasingly turned to remote consultations with physicians. The number of calls to the seafarer-focused International Radio Medical Centre (CIRM) doubled in the first half of 2020. “Digital solutions are now pervasive in maritime, and one

consequence of COVID-19 has been that our customers – and their customers – increasingly think digital first,” commented Stefano Poli, VP Business Development, Inmarsat Maritime. “The last 18 months have been challenging, but they have also brought a seismic shift in attitudes in favour of IoT-based solutions for crew connectivity, safety, sustainability and ship efficiency.” This thriving market is attracting new contenders, like OneWeb, which is building out a low earth orbit (LEO) network that will compete for maritime customers. Inmarsat is addressing this challenge with a new LEO plus GEO plus 5G product, dubbed Orchestra, which will integrate its existing geosynchronous satellite services with additional new options. “Orchestra will deliver future-proof connectivity everywhere - including to hot spots in busy ports, passenger ships and autonomous vessels,” said Poli.

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NEWS - BITS Hyundai Heavy Industries Selects GTT to equip the tanks of two new LNG-fueled container vessels GTT has been chosen by its partner the Korean shipyard Hyundai Heavy Industries (HHI) to design the cryogenic fuel tanks of two liquefied natural gas (LNG) fueled container vessels, according to the company’s release. The two new vessels, each with a capacity of 15,600 containers, will be equipped with LNG tanks, each holding up to 12,800 m3 of LNG used as fuel. The tanks will be fitted with the Mark III Flex membrane containment technology, developed by GTT. Vessels deliveries are scheduled to occur between the fourth quarter of 2023 and the first quarter of 2024. In addition to the engineering services and on-site technical assistance, GTT will assist the operator through every step of the first LNG-fueled project: commissioning of the LNG tank, first LNG bunkering operations, as well as further specific LNG operations and maintenance of the vessels. Moreover, GTT will provide training for the crews, supported by its proprietary G-Sim® training simulator, which replicates the future LNG operations of the vessels. GTT will also offer its HEARS® emergency response service with 24/7 technical assistance.

Port of San Diego adopts most ambitious maritime clean air strategy of its kind in California The Port of San Diego Board of Port Commissioners has approved a policy document to help the Port identify future projects and initiatives to improve health through cleaner air for all who live, work, and play on and around San Diego Bay while also supporting efficient and modern maritime operations. The Maritime Clean Air Strategy (MCAS) and its vision, “Health Equity for All,” represent the Port’s commitment to environmental justice and is more ambitious than any other clean air policy document of its kind in the state. In fact, nearly all the MCAS goals and/or objectives go beyond what is currently required by the State of California. Extensive community and stakeholder involvement is the cornerstone of the MCAS. The Port began developing the goals and objectives of the MCAS in March 2020 in close consultation and collaboration with a broad range of stakeholders – community residents, industry, businesses, public agencies, and non-government organizations. As an update to the Port’s 2007 Clean Air Program, the MCAS identifies a vision centered on health equity, with ambitious goals for 2030 that will contribute to improved air quality. In support of the 2030 goals, the MCAS establishes more specific, near-term emissions reduction goals and objectives to be accomplished within the next five-year period between 2021 and June 30, 2026. Collectively, in conjunction with the near-term goals and objectives, the MCAS identifies approximately 34 potential projects, partnerships, initiatives, and/or studies.

Port of Long Beach has second-busiest September

The Port of Long Beach had its second-busiest September on record, down 5.9% from the same month last year, demonstrating the need for extended work hours within the supply chain as unprecedented numbers of vessels wait off the coast to unload cargo, according to the company’s release. Dockworkers and terminal operators moved 748,472 cargo container units, a dip from the Port’s strongest September on record, achieved in 2020. Imports decreased 8.7% to 370,230 TEUs, while exports declined 1.6% to 110,787 TEUs. Empty containers moved through the Port dropped 3.6% to 267,456 TEUs. The ports of Long Beach and Los Angeles last month announced a joint effort to expand operating hours that provides more time for trucks to pick up and return shipping containers as a measure to improve freight movement and reduce delays through the port complex. Total Terminals International container terminal on Pier T rose to the challenge last month by launching a pilot program that makes it easier for trucks to access the facility during the overnight hours. Issues within the supply chain have slowed the country’s economic momentum, but have not reversed it. Strong consumer spending supported by rising employment and wage growth will continue to drive economic expansion.

CUSTOMS EXCHANGE RATES Notification No.80/2021 (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 8th Oct. 2021

RATE (INR) Import Export 55.75 204.95 60.55 11.80 11.85 88.10 9.80 256.50 53.20 8.90 103.40 21.15 20.60 56.05 5.15 8.65 82.30 8.70 21.05 75.70 68.40 6.50

53.40 192.40 58.40 11.45 11.40 84.95 9.45 240.25 50.85 8.55 99.95 19.70 19.35 54.15 4.85 8.35 79.10 8.15 19.75 74.00 65.95 6.10

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


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 Wednesday (20.10.2021)

8

Oct. 20th - 26th, 2021 Issue

Americans May Not Get Some Christmas Treats, White House Officials Warn Chennai

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Port Wings News Network hite House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn Americans may face higher prices and some empty shelves this Christmas season, reports Reuters. The supply crisis, driven in part by the global COVID pandemic, not only threatens to dampen U.S. spending at a critical time, it also poses a political risk for U.S. President Joe Biden. The latest Reuters/Ipsos poll shows the economy continues to be the most important issue to Democrats and Republicans alike. The White House has been trying to tackle inflation-inducing supply bottlenecks of everything from meat to semiconductors, and formed a task force in June that meets weekly and named a “bottleneck” czar to push private sector companies to ease snarls. Still, supply chain woes are weighing on retail and transportation companies, which recently issued a series of downbeat earnings outlooks. Meanwhile, the Federal Reserve last month predicted a 2021 inflation rate of 4.2%, well above its 2% target. American consumers, unused to

empty store shelves, may need to be flexible and patient, White House officials said. “There will be things that people can’t get,” a senior White House official told Reuters, when asked about holiday shopping.

“At the same time, a lot of these goods are hopefully substitutable by other things … I don’t think there’s any real reason to be panicked, but we all feel the frustration and there’s a certain need for patience to help get through a relatively short period of time.” Inflation is biting wages. Labor Department data shows that Americans made 0.9% less per hour on average in August than they did one year prior. The White House argues inflation is a sign that their decision to provide historic support to small businesses and

households, through $1.9 trillion in COVID-19 relief funding, worked. U.S. consumer demand stayed strong, outpacing global rivals, and the Biden administration expects the overall economy to grow at 7.1%, as inflation reaches its highest levels since the 1980s. “ W e recognize that it has pinched families who are trying to get back to some semblance of normalcy as we move into the later stages of the pandemic,” said a second senior White House official. BOTTLENECK CZAR In August, the White House tapped John Porcari, a veteran transportation official who served in the Obama administration as a new “envoy” to the nation’s ports, but he’s known as the bottleneck czar. Porcari told Reuters the administration has worked to make sure various parts of the supply chain, such as ports and intermodal facilities, where freight is transferred from one form of transport to another, are in steady communication.

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Now it is focused on getting ports and other transportation hubs to operate on a 24-hour schedule, taking advantage of off-peak hours to move more goods in the pipeline. California ports in Long Beach and Los Angeles have agreed to extended hours, and there are more to follow, he said in an interview Monday. “We need to make better use of that off-peak capacity and that really is the current focus,” Porcari said. The administration is also seeking to restore inactive rail yards for extra container capacity and create “popup” rail yards to increase capacity. “It’s important to remember that the goods movement system is a private sector driven system,” he said. “There’s problems in every single part of that system. And, and they tend to compound each other. “While the pandemic was an enormously disruptive force. I think it also laid bare what was an underlying reality, which was the system was strained before the pandemic.” A NEW WAR ON CHRISTMAS Republican strategists are seizing on possible Christmas shortages to bash Biden’s policies as inflationary, and thwart his attempt to push a multi-trillion dollar spending package through Congress in coming weeks.

A recent op-ed by Steve Cortes, a one-time advisor to former President Donald Trump, dubbed the upcoming holiday season “Biden’s Blue Christmas,” continuing in a long tradition of conservatives criticizing Democrats over celebrations around the Christian holiday. Trump, considered the frontrunner Republican candidate for president in 2024, blasted it out in a mass email through his political action committee, Save America. Seth Weathers, a Republican strategist who ran Trump’s Georgia campaign in 2016 said they see local impact. “People here in Georgia are paying twice as much for items than they paid a year ago and they are blaming Biden. He’s in charge.” A Quinnipiac poll released last week showed Biden is losing the public’s trust on the economy, with only 29% of public thinking the U.S. economy is in “good” or “excellent” condition, compared with 35% in April. “President Biden could use a holiday season win,” Quinnipiac polling analyst Tim Malloy said. “A slowdown of holiday season deliveries and the financial strain that comes with it would be coal in the stocking for the Administration at the close of the first year in office.”

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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.


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