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Nov. 8th - 14th Issue

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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741 Wednesday, November 8, 2017

8 Pages

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Wing 4 Feather 12

India’s Rank Rises to 100 in World Bank’s Doing Business Report 2018 New Delhi Port Wings News Network iving a moral boost to the NDA-led Union Government, the latest Doing Business (DB) Report, 2018 released by the World Bank on 31 October has ranked India at 100th rank. Quoting the report, the Department of Industrial Policy and Promotion (DIPP) has announced that India ranks 100 among 190 countries assessed by the Doing Business Team. India has leapt 30 ranks over its rank of 130 in the Doing Business Report 2017. The DB Report is an assessment of 190 economies and covers 10 indicators which span the lifecycle of a business. The table below provides a comparison of this year’s and last year’s report. India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices (Distance to Frontier score). The credit for this significant improvement is credited to the mantra of “Reform, Perform, Transform” given by the Prime Minister, wherein a strong leadership has provided the political will to carry out comprehensive and complex reforms, supported by a bureaucracy committed to perform. The Government has undertaken an extensive exercise of stakeholder consultations, identification of user needs, government process reengineering to match Government rules and procedures with user expectations and streamlined them to create a more conducive business environment. An extensive exercise is also undertaken to increase awareness among users about reforms to ensure extensive use of newly created systems. This edition of the report acknowledges India as a top

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improver, with an improvement of 30 ranks compared to last year’s report, the highest jump in rank of any country in the DB Report, 2018. India is the only country in South Asia and BRICS economies to feature among most improved economies of the DB Report this year. Major achievements in the World Bank in the Doing Business Report The important highlights of India’s performance are: 1. Resolving Insolvency a. Rank improved from 136 to 103 b. Distance to Frontier (DTF) score improved from 32.75 to 40.75 c. Strength of insolvency framework index increased from 6 to 8.5 d. Insolvency & Bankruptcy Code created for efficient handling of restructuring & insolvency proceedings e. Professional institutes set up for handling restructuring & insolvency proceedings 2. Paying Taxes a. Rank improved from 172 to 119 b. DTF score improved from 46.58 to 66.06 c. Payments reduced from 25 to 13 in a year d. Time reduced from 241 to 214 hours e. Total tax rate reduced from 60.6% to 55.3% (% of profit) f. Post filing index improved from 4.3 to 49.31 g. Enabled electronic registration, return & payment of ESI & EPF contributions 3. Getting Credit – a. Rank improved from 44 to 29 b. DTF score improved from 65 to 75

c. Strength of legal rights index improved from 6 to 8 d. Credit bureau coverage increased from 21.4% to 43.5% (% of adults) e. Increased coverage of security interest registration under SARFAESI Act f. Secured creditors prioritized over Government dues for purposes of recovery 4. Enforcing Contracts a. Rank improved from 172 to 164 b. DTF score improved from

35.19 to 40.76 c. Cost reduced from 39.6% to 31% (% of claim) d. Quality of judicial process index improved from 9 to 10.3 e. Dedicated commercial courts established f. National Judicial Data Grid (NJDG) to monitor and manage court cases 5. Protecting Minority Investors – a. Rank improved from 13 to 4 b. DTF score improved from 73.33 to 80 c. Strength of minority investor

protection index increased from 7.3 to 8 d. Extent of conflict of interest regulation index increased from 6.7 to 7.3 e. Extent of shareholder governance index increased from 8 to 8.7 f. Greater transparency requirements for interested parties transactions g. Greater shareholder protection through action against directors & claims for damages 6. Construction Permits a. Rank improved from 185 to 181 b. DTF score improved from 32.83 to 38.80 c. Procedures to obtain construction permits reduced from 35.1 to 30.1 d. Time reduced from 190.0 to 143.9 days e. Cost reduced from 25.9 per cent to 23.2 per cent of warehouse value

MISC Group Announces Financial Results for the First 9 Months of 2017 September 2017 was l o w e r than the

Chennai

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Port Wings News Network ISC, a world leading provider of international energy shipping and maritime solutions, has announced its financial results for the financial period ended 30 September 2017. According to a media statement, the Group revenue for the quarter and the 9 months period ended 30 September 2017 were higher than the corresponding quarter and 9 months period ended 30 September 2016. The Group profit before tax for the quarter ended 30 September 2017 was higher than the corresponding quarter ended 30 September 2016. The Group profit before tax for the 9 months period ended 30

corresponding 9 months period ended 30 September 2016. Resilient Performance Despite Global Uncertainties Commenting on the results, Mr. Yee Yang Chien, MISC’s President/ Group Chief Executive Officer, said, “Amidst difficult market conditions, the recent positive developments and accomplishments reflect our resilience in demonstrating excellent financial and operational performance as well as our ability to consistently create

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value across the Group and position ourselves well to leverage on growth opportunities. We remain optimistic that our strong presence in the markets will continue to sustain our development and provide the impetus to drive us forward.” Group revenue for the 9 months period Group revenue for the 9 months period ended 30 September 2017 of RM7,603.2 million was 7.4% higher than the corresponding 9 months period ended 30 September 2016 revenue of RM7,079.7 million. The increase in revenue was mainly due to the consolidation of GKL beginning May 2016 following completion of 50% of its equity Contd. on page -2

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Kolkata Port Trust plans 3 terminals at... Pg-2 Gadkari Flags off Steel Cargo Consignment... Pg-3 FFFAI Starts Registration for FIATA World... Pg-3 Malaysian Sand Creates Storm in Tamil Nadu Pg-4&5 Tirupur Exporters Assn Thanks Tamil Nadu... Pg-5 Pg-6 Vessel Position at Terminals and Ports... Pg-7 Latest Customs Exchange Rates... Shipping Ministry Doles Out Rs 2,302.05 Crore... Pg-7

September Air Freight Demand Slows Slightly... Pg-8

RNI No. TNENG/2014/59741 Postal Registration No. TN/CNI/GPO/067/2015-17 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Tuesday, Posted on Tuesday / Wednesday


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Nov. 8th - 14th Issue

MISC Group Announces Financial Results...

Wednesday, November 8, 2017

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Wing 4 Feather 12

GST Will Further Boost India’s Business Ranking

n an apparent and convincing boost to the Narendra Modi government’s push for reforms, India soared 30 spots to 100th rank in the World Bank’s Ease of Doing Business Report 2018. The appraisal comes on the back of three key parameters — resolving insolvency protecting minority investors and paying taxes — where India has made exceptional progress. The jump can be attributed to the enactment of the big bang Insolvency and Bankruptcy Code (IBC) last year. The IBC or bankruptcy law, passed by Parliament in May 2016, came into effect in December, is meant to tackle bad loans and nonperforming assets (NPAs) in the system. With the improvement in India’s ranking in the World Bank’s Ease of Doing Business report to the 100th place, bankers and experts have expressed hope that GST will strengthen the country’s position in future. According to Yes Bank Managing Director Rana Kapoor, Going forward, GST’s incorporation in next year’s assessment will provide another significant leap in doing- business rankings for India. It is a fact to be noted that the latest Ease of Doing Business report by the World Bank – released last week, did not take into account the implementation of the Goods and Services Tax from 1 July. Passage of the GST Bill was clearly a watershed moment for the economy, but even otherwise there has been a sustained effort to simplify licensing and tax structures, thereby making India a much more investment-friendly place to do business, says Axis Bank MD Shikha Sharma. According to KPMG, the next paradigm shift to top 50 is still a long way ahead and will require India to maintain a strong momentum. The GST reform that did not get considered this year will drive India’s improvement in the next year’s assessment, but there is a need to continue to work on other areas including starting a businesses, trading across borders as well as land reforms, KPMG partner Nilaya Verma says. The improved investment climate will give an impetus to several economic corridors that are ready for investors. On the other hand, the government is trying a new model of hand holding, where a state with a higher rank for ease of doing business is partnering with one that is ranked lower, in its latest attempt to ease bureaucratic red tape across states and Union territories (UTs). The innovation is part of this year’s efforts to improve the overall environment. The move comes amid intense competition from the states to improve their rankings in the latest round for which the process of making changes to rules is currently under way. Unlike the Sample last two rounds, this time DIPP is moving to a feedback-based TEXT ranking system, where stakeholder response to the changes will play a crucial role. The trade feel that with GST, the government has laid the foundation for a more efficient indirect tax system and likewise, with the enactment of Insolvency and Bankruptcy Code, India now has an efficient institutional mechanism for easing of business exit.

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Contact Numbers Phone Number

Name

Designation

7358020370/71

K.Sivakumar

Publisher cum Editor

7358020372

C.U.Satheesh

Marketing, SampleCirculation

7358020375

Richard Collins

Marketing - Tuticorin

04

TEXT

E-mails: marketing@portwings.in / editorial@portwings.in All payments shall be made in favour of “Universal Media Associates” payable at Chennai by Cash / Cheque / NEFT Transfer. 1 Year `600 Bank Name : HDFC BANK 2 years `1100 Branch : Parrys Corner, Chennai 600 001. Account No. : 50200016324291 3 years `1500 IFSC Code : HDFC0000166 PAN : AADFU8138N Universal Media Associates Old No.72/ New No.149, 1st Floor, Srinivasa Complex, Linghi Street, Mannady, Chennai - 600 001. SUBSCRIPTION

Continued from page -1 buyback and higher variation works following GKL’s favourable adjudication decision. Furthermore, commencement of the construction revenue from Floating Storage and Offloading Vessel (“FSO”) Benchamas 2, lease commencement of Marginal Marine Production Unit (“MaMPU”) and three new LNG vessels have also contributed to the increase in revenue. Petroleum segment however recorded lower revenue over the 9 months period due to lower earning days and freight rates. Group operating profit for the 9 months period ended 30 September 2017 of RM2,076.8 million was 16.2% higher than the corresponding 9 months period ended 30 September 2016 operating profit of RM1,786.6 million, driven by higher Group revenue. Additionally, the latter included impairment of finance lease receivables in the Offshore segment. Group profit before tax for the 9 months period ended 30 September 2017 of RM1,961.5 million was 15.1% lower than the corresponding

9 months period ended 30 September 2016 profit before tax of RM2,309.5 million. This is mainly due to corresponding period’s profit included net gain on acquisition of subsidiaries of RM844.7 million, recognition of intangibles of RM47.5 million and higher share of profit from joint ventures. Moving Forward Petroleum shipping demand continues to be affected by global production cuts in response to high crude inventory levels and low oil prices. This has also been exacerbated by the delivery of new tankers during the year. Nonetheless, seasonal demand during peak winter months will end the year on a firmer note for the petroleum shipping sector. On the LNG shipping front, spot charter rates remains sluggish as a result of the tonnage oversupply situation led by higher vessel deliveries and older vessels coming off charter. Spot charter rates are however expected to pick up as countries start building up inventories to meet the winter heating demand. The present

portfolio of long term charters in the Group’s LNG shipping business will continue to support the financial performance of this segment. MISC’s expectations ahead Commenting on MISC’s expectations ahead, Mr. Yee Yang Chien said, “MISC will continue to pursue sustainable growth guided by MISC2020, our 5-year master plan, with emphasis on advancing the growth of our core business segments. Sustainability continues to be integral to MISC’s overall business agenda and, throughout all aspects of our operations, MISC is committed to conduct our business in a responsible and respectful manner with respect for the wider economic, social and environmental impacts of our activities. With a clear sense of purpose towards achieving our aspirations to consistently provide better energy related maritime solutions and services, as well as fulfilling the expectations of our key stakeholders, it will be an exciting journey ahead for the MISC Group as we continue our efforts in moving energy to build a better world,” added Mr. Yee Yang Chien.

Council to consider slashing GST on common use goods HIGHLIGHTS • The Council is scheduled to meet on November 10 to consider lowering of the 28% GST rate on certain common use items • The Council has been meeting every month since the GST regime, which amalgamated over a dozen central and state taxes, was introduced on July 1. • Under GST various goods and services have been bracketed in 5, 12, 18 and 28 per cent. New Delhi Port Wings News Network he all-powerful GST Council may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily use items like shampoo, and simplify return filing rules in its meeting this week. The Council, headed by finance minister Arun Jaitley, is scheduled to meet on November 10 to consider lowering of the 28 per cent GST rate on certain common use items, government officials said. In further relief to small and medium enterprises, the panel is likely to rationalise tax rate in sectors where the total incidence of taxation

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has gone up because the goods were earlier either exempt from excise or was attracted lower VAT rates in the previous indirect tax regime. The Council has been meeting every month since the Goods and Services Tax(GST) regime, which amalgamated over a dozen central and state taxes, was introduced on July 1. The meetings have resulted in an array of changes to ease compliance burden on businesses as well as provided relief to consumers. “A rationalisation of items in the 28 per cent tax bracket is expected. Most of the daily use items could be lowered to 18 per cent. Also tax rate on items like furniture, electric switches, plastic pipes could be relooked,” an official said. All types of furniture attract a 28 per cent tax under GST. Wooden furniture is handmade by

unorganised sector artisans and is mostly used by middle class families and there have been demands for lowering tax incidence on them. Also, some items of plastic attract 18 per cent GST but goods like shower baths, sinks, wash basins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware of plastics attract 28 per cent levy. There is a need for rationalisation of tax rates on these items, officials said. With regard to compressors, the total pre-GST incidence was 17.5 per cent (12.5 per cent excise duty and 5 per cent VAT), they said stressing on need to rationalise the tax incidence. The GST Council, which comprises of representatives of all states, have already rationalised tax rates for over 100 items. The Council has last month approved an Approach Paper to be followed by the fitment committee while deciding on future rate revisions. Under GST various goods and services have been bracketed in 5, 12, 18 and 28 per cent. GST has subsumed over a dozen taxes, including excise, service tax and VAT, and transformed India into a single market.

Kolkata Port Trust plans 3 terminals at Haldia Kolkatta Port Wings News Network he Kolkata Port plans to augment capacity at Haldia port by adding three new terminals at an estimated cost of Rs. 800 crore. A total of 9 million tonnes will be added to the existing handling capacity of 43 million tonnes at Haldia. While one liquid-cargo terminal (2 million tonnes), primarily for edible oil, has been proposed at Salukhali, 15 km north of Haldia; two outer terminals — one for drybulk cargo (5 million tonnes) and another 2 million-tonne liquid-cargo terminal — have also been planned. Work on all the three projects is expected to begin next fiscal once environmental clearances are received. According to Vinit Kumar, Chairman, KoPT, all three terminals will be developed on the publicprivate partnership (PPP) model. While around Rs.200 crore will be spent towards developing the Salukhali terminal,the liquid-cargo terminal, called Outer Terminal-II, is expected to entail an outgo of Rs 100 crore. The remaining Rs. 500

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crore will be spent on setting up Outer Terminal-I. “Haldia is a riverine port, and by having these projects on the outskirts, larger vessels can be accommodated. We will also gain with the better draft at these terminals,” he said. As against a 7-metre draft at Haldia, the proposed Salukhali terminal, for example, will have at least a 9-metre draft. The Haldia Dock Complex handled around 19.124 million tonnes of cargo between April and September this year, a near-18 per cent rise over the 16.242 million tonnes it handled in the year-ago period. Container handling: These projects apart, KoPT will also be investing Rs. 100 crore for laying a second rail line from Durgachak to Haldia. This will help

speed up cargo loading. The South-Eastern Railway is the implementing agency for the project, Kumar said. The Rs.50-crore project to augment track capacity is underway at the containerhandling facility at the Netaji Subhash dock. Kumar said this will help reduce the time taken between unloading containers from a vessel and loading them for the onward journey to the rake, from the prevailing seven days, to 4.5 days. The initiative might help the Kolkata port regain the confidence of Nepalese importers who are now testing more efficient cargo-handling practices at the Visakhapatnam port. The port is also investing in parking lots and expanding the container storage capacity to improve the loading rate. Currently, restrictions on truck movement imposed by the Kolkata police are affecting loading. The possibility of investing in a Ro-Ro (roll-on/ roll-off) jetty and taking the help of the Inland Waterways Authority in ensuring movement of containers in and out of the city, avoiding the city roads. (Source: BL)


Nov. 8th - 14th Issue

3

Gadkari Flags off Steel Cargo Consignment From Vizag Port Through Coastal Route Vizag

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Port Wings News Network he Minister of Shipping, Road Transport & Highways, Water Resources, River Development & Ganga Rejuvenation Mr Nitin Gadkari flagged off a consignment of 230,000 tonnes of steel cargo from Vizag port to Ahmedabad, Mumbai and Kochi through coastal shipping route on 1 November through video conferencing. Speaking on the occasion the Minister informed that Rastriya Ispat Nigam Ltd (RINL) was, till now, transporting its products to 22 stockyards through road and rail mode. Coastal transportation of these products will now help save 380 million tonne km of rail transportation per annum and bring down logistics costs, he said. This is especially significant since RINL has doubled its production capacity to 6.3 million tonnes per annum, and to cater to the increased volumes it is important to economize on transportation costs to be globally competitive. The Minister further urged all other manufactures to make use of coastal shipping for transporting goods as this can be a key enabler for reduction of logistics cost for domestic and EXIM trade of India. Coastal movement has been on RINL’s radar for a long time because of its proximity to the ports and to ease the pressure from the over optimized road and rail systems. RINL recently finalised a one year Multi Modal Transportation contract covering end to end logistics from plant at

Visakhapatnam to its stockyards at Ahmedabad, Mumbai and Kochi. The Rs.75 crores annual contract has been awarded to the consortium led by M/s Shreyas Shipping & Logistics Ltd, Mumbai, a member of Transworld Group, Dubai. The contract involves taking delivery of material from plant, shifting by road to VPT or GPL, shipping the material by sea to a port near the stockyard and finally delivering the material to RINL Stockyard. The quantities expected to be transported are 90000 T, 75000 T and 60000 T to Ahmedabad, Mumbai and Kochi stockyards respectively. Movement of cargo through coastal shipping has inherent advantages over land modes of transport such as road and rail as it is more cost effective, causes much less pollution, reduces congestion on land and can cater to huge parcel sizes . In view of this, Government of India has initiated several measures

for promoting coastal movement. The Sagarmala project is one of the strategic and customeroriented initiatives to modernize India’s ports to augment coastal movement so that ports become drivers of economic growth. Globally countries such as China and Netherlands have achieved a modal share of 24% for coastal shipping and inland water navigation. Increasing the share of coastal shipping and inland navigation in the transport modal mix is one of the key objectives of the Sagarmala Project. Sagarmala programme envisages to double current share of coastal shipping in India’s overall modal

mix from 6% to 12% by 2025. The Government has taken several steps to promote coastal shipping. Vishakhapatnam Port Trust has totally removed CHD levy on steel cargo from earlier 265% to boost shipment of steel cargo. 40% concession on vessel related and cargo related charges are applicable for such coastal movement. For coastal movement through RoRo vessels, 80% concession on vessel related and cargo related charges are applicable in Indian Ports. As a result of the efforts by the government, container tonnage has increased from 351276 DWT in 2015 to 654883 DWT as on 31st October 2017, a positive increase of 86%. 14 Indian flag container fleet with DWT of 31,846 have been added after the tax on bunker fuel for Indian flag container vessels was abolished in

FFFAI Starts Registration for FIATA World Congress 2018 Chennai

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Port Wings News Network ountdown for the ‘FIATA World Congress 2018’, which is scheduled to take place from September 25 to 29, 2018 in New Delhi, has begun with commencement of formal registration procedure at the 56th FIATA World Congress held from October 4 to 8, 2017 in Kuala Lumpur, Malaysia. The Federation of Freight Forwarders’ Associations in India (FFFAI) has kick-started the campaign and registration for the forthcoming ‘FWC-2018’, the mega international freight forwarding & logistics event happening for the first time in India.

There were tremendous footfalls, excitement and queries received from delegates at the innovatively planned FFFAI stall in ‘FWC-2017’. Welcomed by Mr Ashish Pednekar, Chairman, FFFAI and other office bearers/leaders of the Federation, YB Dato’ Sri Liow Tiong Lai, Minister

VESSEL

VESSEL

VESSEL SCHEDULE @ KPCT Saturday

Wednesday

Thursday

Monday

ETA Ulsan

Sunday

Monday

ETA Shanghai ETA Ningbo ETA Yantian Thursday

Wednesday

Sunday

HS Baffin 008 E 13-Nov 16-Nov 17-Nov 21-Nov 25-Nov 26-Nov 28-Nov 29-Nov 02-Dec Hyundai Premium 040E 18-Nov 22-Nov 23-Nov 27-Nov 02-Dec 03-Dec 05-Dec 06-Dec 09-Dec Hyundai Prestige 47E 25-Nov 29-Nov 30-Nov 04-Dec 09-Dec 10-Dec 12-Dec 13-Dec 16-Dec Hyundai Paramount 28E 02-Dec 06-Dec 07-Dec 11-Dec 16-Dec 17-Dec 19-Dec 20-Dec 23-Dec Hyundai Privilege 46E 09-Dec 13-Dec 14-Dec 18-Dec 23-Dec 24-Dec 26-Dec 27-Dec 30-Dec VESSEL

Wide Alpha 1717 Leonidio 1717 Maersk Ganges 1719 Seasmile 1709 Duxsailor 1715 VESSEL

Maersk Euphrates 1720 Charlotte Schulte 1726 Maersk Danube 1722 Maersk Euphrates 1722

ETA INKRI Tuesday

ETA T. Pelepas Wednesday

ETA Xingang Sunday

CHX

ETA Qingdao Friday

ETA Shanghai

ETA Busan Thursday

Saturday

ETA Nansha Sunday

14-Nov 22-Nov 02-Dec 04-Dec 06-Dec 09-Dec 12-Dec 21-Nov 29-Nov 09-Dec 11-Dec 13-Dec 16-Dec 19-Dec 28-Nov 06-Dec 16-Dec 18-Dec 20-Dec 23-Dec 26-Dec 05-Dec 13-Dec 23-Dec 25-Dec 27-Dec 30-Dec 02-Jan 12-Dec 20-Dec 30-Dec 01-Jan 03-Jan 06-Jan 09-Jan ETA INKRI Monday

13-Nov 20-Nov 27-Nov 04-Dec

Rice

Maersk Feeder ETA Colombo

ETA Salalah

17-Nov 24-Nov 01-Dec 08-Dec

22-Nov 29-Nov 06-Dec 13-Dec

Friday

Wednesday

COTTON

Line’s / NVO’s

VESSEL

Maersk & Safmarine

Line’s / NVO’s Loading

Maersk / Safmarine

SSL Chennai 79 SSL Gujarat 048 SSL Kolkata 019 VESSEL

Sinar 1 v.009N

Export Rake ETD ICD BLR ETA KPCT 10-Nov 11-Nov 13-Nov 14-Nov 14-Nov 15-Nov ETD ICD HYD ETA KPCT 11-Nov 12-Nov

Line’s / NVO’s Loading in BOX Colombo Svc

Saturday

14-Nov 21-Nov 28-Nov

18-Nov 25-Nov 02-Dec

MSC, SCI, HMM, APL, MOL, Smart Marine, BLPL, Seapol, Radiant Maritime, St.John, Hapag, Shreyas, Perma, Pil, CMA CGM, & AWATAC Line

PIX-2 Service (SCI & other NVOCCs)

ETD INKRI

ETA Kattupalli

11-Nov 18-Nov 26-Nov

Hyundai & Zim

Line’s / NVO’s Loading in CHX Svc

ETA CMB

Tuesday

SSL Bharat 040W Lal Bahadur Shastri SSL Delhi 011W

MSC & NVOs

BOX

ETA INKRI

VESSEL

Line’s / NVO’s Loading in BOX Colombo Svc

11-Nov 12-Nov

ACS

VESSEL

ETA CMB

08-Nov 10-Nov

Ocean Prologue 014N Ocean Prologue 015N Ocean Prologue 016N

of Transport, M a l a y s i a inaugurated the FFFAI stall for ‘FWC-2018’. The FFFAI stall spectacularly demonstrated Indian culture, tourist attractions and opportunities in logistics industry. FFFAI delegates also visited the stalls from different countries along with FWC 2018 Mascot (tiger) and cultural troupe to invite foreign delegates to attend the FIATA event in India. Online registration through FWC 2018 website www. fiata2018.org will start very soon.

CCS1

ETA INKRI

Vladivostok 38S Kapitan Afanasyev 024S

ETA INKRI ETA Port Klang ETA Singapore ETA Cai Lan ETA Pusan

2015. 21 projects worth Rs. 729.6 Cr have been provided financial assistance of Rs. 205 Cr under the Coastal Berth scheme in Sagarmala to promote the development of dedicated infrastructure for coastal shipping of goods and passengers across India’s Major and Non-Major ports. Mr Gadkari said that this new era of transport will give a boost to the economy, encourage industrial growth, create more employment and raise the GDP of the country. Chaudhary Birendra Singh, Union Minister of Steel was also present at Vizag Port. He lauded the efforts of the Shipping Ministry in ensuring that ports and waterways ably support the transport requirements of the steel industry. He said that the growth of ports would help the steel industry immensely.

ETA Tuticorin

13-Nov 18-Nov 26-Nov

ETA Cochin

16-Nov 23-Nov 30-Nov

Coastal Service - East Coast Service

ETD INKRI

08-Nov 11-Nov 11-Nov

ETA Kolkata

ETA Vizag

- - 14-Nov

- - -

ETA Haldia

- 14-Nov -

East Coast Service (Samudera Bharath Feeder) ETA Kolkata

ETD INKRI

17-Nov

ETA Jebel Ali

17-Nov 25-Nov 01-Dec

21-Nov

24-Nov 01-Dec 08-Dec

ETA KICT

ETA CMB

09-Nov - -

11-Nov ETA Vizag

28-Nov

Train Schedule Connecting Vessel

Connecting Vessel

Maersk Euphrates 1720 SSL Bharat 040W Hyundai Premium 040E

SSL Bharat 040W Maersk Euphrates 1720 Ocean Prologue 014N

Maersk Euphrates 1720

Maersk Euphrates 1720

Import Rake ETD KPCT ETA ICD BLR 11-Nov 12-Nov 14-Nov 15-Nov 15-Nov 16-Nov ETD KPCT ETA ICD HYD 13-Nov 14-Nov

Note: Above sailings are subject to change with or without notification. For further clarification, please liaise with carriers.

Granite

Solar Panels

Pharma

Chennai Vivek Nair +91 87544 10789 vivek.n@krishnapatnamport.com Hyderabad Mohan +91 90002 19789 mohan@krishnapatnamport.com Exports Narayanan +91 99421 71811 narayana.sl@krishnapatnamport.com Guntur / Vijayawada Praveen Kumar +91 91009 07236 praveen.kumar@krishnapatnamport.com Imports Rajeshwari +91 99406 12626 rajeshwari.s@krishnapatnamport.com Bengaluru Tom Joseph +91 98450 84254 tom.j@krishnapatnamport.com Sales&Coordination Santhosh +91 7550015375 santhosh.ponnudurai@krishnapatnamport.com Vizag Capt. Bijay Shekhar +91 91006 24455 shekhar.b@krishnapatnamport.com Singapore Capt. Gagan Mehrish +65 9061 3751 gaganmehrish@krishnapatnamport.com Coastal/Domestic Mr. Vishwas Mehresh +91 99786 58107 vishwas.mehresh@krishnapatnamport.com Krishnapatnam Port Office: P.O. Bag No. 1, Muthukur, Dist. Nellore - 524 344, Andhra Pradesh, India. Tel: +91 861 2377 999 / +91 970 4123 987 / 989 Fax +91 861 2377 046 | cs.kpct@krishnapatnamport.com


4

Special story

Nov. 8th - 14th Issue

Malaysian Sand Creates

Chennai

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Port Wings News Network ith the 55,000-odd tonnes of sand imported from Malaysia by a Pudukottai-based private firm now held up inside the V O Chidambaranar Port (Tuticorin) for legal issues, it has clearly reignited the issue of shortage of sand, one of the prime raw materials for construction industry, in this part of the country. However, a section in the people has questioned the origin of the imported sand, as Malaysia has a ban on export of sand from the country. LEGAL EXPORT, SAYS MALAYSIA While there has been confusing reports of origin of sand from Malaysia or Cambodia, the Malaysian government has confirmed that it has given approval for two companies to export sand to India. In a statement, Malaysia’s Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar said that the companies had sent 50,000 tonnes of sand to Tamil Nadu. “For the state of Karnataka, negotiations are still ongoing,” he added in a statement. Wan Junaidi said the cabinet had given special approval for sand to be exported overseas. The special approval was given on a case-by-

River sand mining operation in Pinang Tunggal

case basis. IMPORT OF SAND FROM MALAYSIA BEST OPTION According to multiple reports in media that a cargo vessel hauling river sand from Malaysia made its maiden call at V.O. Chidambaranar Port, Tuticorin, few days ago and successful offloaded it for local transportation. However, the imported sand has been denied permission for movement to the destined consignee by the local authorities from the port premises citing legal issues. According to Section 38-C (1) a of the Tamil Nadu Minor Mineral Concession Rules, 1959, nobody is allowed to transport sand without a valid transport permit issued by the Public Works Department or without a sale slip or licence duly authenticated by the taluk headquarters -- Deputy Tahsildar

of the jurisdiction. Besides, sand was also not allowed to be stocked for sale at any place without a valid licence. The delay has caused ripples among the industry stakeholders. Quoting Collector Mr N. Venkatesh, the Hindu daily reported that the Tuticorin district administration has sent a detailed letter to the VOC Port Trust management highlighting the legal issue involved in this regard. The daily report also revealed that from the import shipment that arrived here on 21 October, only around 1,400 tonnes of sand were allowed for movement until the local authorities sent the reminder letter forcing them to adhere to the law of the land on import of sand. INDUSTRY UPBEAT OVER SAND IMPORT Hailing the sand import, Mr Henry Daniel, Regional Chairman,

Commerce Minister Visits Cuba To Explore Trade Opportunities in Latin America, Caribbean regions New Delhi Port Wings News Network he Minister for Commerce and Industry Mr Suresh Prabhu visited Cuba from October 28 to 31 to explore opportunities to tap the huge untapped potential, for not only bilateral trade but also investment in the Latin American and Caribbean regions. STRATEGY TO PURSUE NEW MARKETS It has been the strategy to pursue new markets to expand India’s trade footprint and targets to double trade with the Latam and Caricom region in the next 4 to 5 years. With the Caribbean region, India’s bilateral trade was US$ 1755 million in 201617, constituting only 7.16 percent of India’s trade with the Latin American and Caribbean region. India has always enjoyed a good political relationship with Cuba, with India being one of the first countries to recognise the regime after the Revolution. The visit of the Commerce & Industry Minister was to leverage this age old political relationship to enhance the economic and commercial ties between the two countries. The Minister met almost the entire top leadership in Cuba including the First Vice President Mr. Miguel Diaz-Canel Bermudez Mario, Vice President and Minister of Economic Affairs and Planning Mr. Ricardo Cabrisas Ruiz, Minister of Foreign Trade and Investment Mr. Rodrigo Malmierca Diaz, Minister of Energy and Mines Mr. Alfredo Lopez Valdes, Minister of Industries Mr. Salvador Pardo Cruz and also the President of the Cuban Chamber of Commerce. The First Vice President Mr. Miguel Diaz attached historic

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importance to this visit saying that ‘India has a prominent role in global dynamics” and aligned with the Minister for Commerce & Industries’ proposition of an integrated approach in multilateral organisations and environmental issues. ECONOMIC ENGAGEMENT IN THE FORM OF AN MOU Considering the overwhelming support and warmth in the meetings, a spontaneous decision was taken to take the next step in this economic engagement in the form of an MoU between the Federation of Indian Exporters Organisation (FIEO) and the Cuban Chamber of Commerce. The Minister for Commerce & Industry also attended the inauguration of the 35th edition of FIHAV-2017 which saw participation from over 70 countries. The Minister also inaugurated the Indian Pavilion in the presence of the Cuban Minister of Energy & Mines. The Minister said “FIHAV was an exhibition of goods but I exhibit the love and affection which 1.3 billion people from India have for Cuba”. MrPrabhu also engaged with the Indian diaspora, leading businessmen from Cuba and other prominent Cuban individuals, including the daughter of President

Raul Castro and the son of Comrade Fidel Castro. The Minister for Commerce & Industry also visited the Centre for Genetic Engineering and Biotechnology (CIGB) and appreciated the high research standards and advancement in medical technology that Cuba has achieved. FIEO OPENS NEW OPPORTUNITIES IN LAC AND CARRIBEAN COUNTRIES Mr Ganesh Kumar Gupta, President, FIEO while briefing the media said that the business delegation of FIEO, led by the Commerce and Industry Minister Mr Suresh Prabhu, had wide ranging discussions with their counterpart companies in Cuba and Panama to open vistas of opportunities not only in the two nations but in the entire LAC and Carribean countries. Mr Suresh Prabhu, speaking on the occasion said that while it is old saying that marriages (which is a contract) are made in heaven, I would say marriages are made in Havana, which is also heaven, as can be seen from MOUs signed by FIEO opening new areas of cooperation between India and Carribean countries. Dr Ajay Sahai, DG & CEO, FIEO said that India’s exports to Cuba and Panama are on decline from last two years and Indias share both in Cubas and Panamas imports is 0.6% only. India needs to re-look at its exports profile so as to diversify it with import profile of these nations and possibly of the LAC.

Federation of All Civil Engineer Associations of Tamil Nadu and Pondicherry, said that it would certainly curb illegal sand mining and, more importantly, natural resources (in Tamil Nadu) would be protected. Furthermore, it will also help rein in on sand mafia in the state. ACUTE SHORTAGE OF RIVER SAND IN TAMIL NADU t may be noted that for the last six years, the construction industry in the state has seen a major downfall owing to acute shortage of river sand, the key material for construction. The Tamil Nadu State government’s ban on sand mining here few years ago to protect the natural resources from waning also triggered a huge demand for sand. Though marine sand has been promoted as a substitute for river sand, consumers were not content with its quality. Moreover, its quality standards could hardly be ascertained. ELIMINATE HURDLES IN TRANSPORTING SAND: JOE VILLAVARAYAR Commenting on the development, Mr J. P. Joe Villavarayar, President, Tuticorin Ship Agents Association, said the (Tamil Nadu) government should eliminate hurdles in transporting such imported cargo and, in fact, encourage traders to bring in such natural resources in. He said the construction industry would

Joe Villavarayar

thrive and the role of middlemen in exploiting natural resources would be eliminated. MALAYSIA SAND RAISES HOPE FOR FULFILLING SHORTAGE The import of sand has raised hope for city developers in finding new avenues to tide over the shortage of river sand for construction work. The Times of India daily quoting people involved in building industry stated that it (import) would help in a big way to reduce sand rates in the state. The report further said that a private firm based in Pudukottai has imported the consignment comprising 55,000 tonnes of sand from Malaysia. LESS COST FOR IMPORTED SAND BOOSTS DEVELOPERS The cost of imported sand is estimated at Rs 60 per cubic feet, the sources said adding that river sand

Paradip Port Observes Rashtriya Ekta Diwas Paradip

P

Port Wings News Network aradip Port Trust (PPT) observed Rastriya Ekta Diwas (National Unity Day) on 31 October on the occasion of the birth Anniversary of Sardar Vallabhbhai Patel. Mr N Vaiyapuri, Deputy Chairman, PPT, offered floral tribute to Sardar Vallabhbhai Patel along with PPT officers and employees. Thereafter, he administered Rashtriya Ekta Diwas pledge to the officers and employees of PPT in the Administrative Building premises.

In the evening, Deputy Chairman, PPT, took salute from the platoons participating in a march past comprising of contingents from the CISF Unit, PPT, Paradip Port High School Naval NCC & Paradip

College Naval NCC, students from Odisha Maritime Academy.

APM Terminals Pipavav Reports Net Profit of INR 442 million for Q2FY18 Mumbai Port Wings News Network PM Terminals Pipavav (Gujarat Pipavav Port Ltd), which is a part of the APM Terminals Global Terminal Network of 76 operating ports, terminal facilities and 117 Inland services on 2 November announced the financial results for the quarter and six months ended September 30, 2017. According to a media statement, the company reported a net profit of INR 442 million for Q2FY18 as against INR 594 million in Q2FY17. Total Income for the quarter under consideration stood at INR 1,517 million as against INR 1,722 million in Q2FY17. EBIDTA for the quarter was at INR 828 million and EBIDTA margin stood at 55%.

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CONTAINER CARGO BUSINESS The Container cargo business for the quarter stood at 160 k TEUs, Bulk business was at 518 k MT and Liquid business was at approx 276 k MT. RoRo business was approx 19000 units for the quarter ended September 30th, 2017. Based on the Company’s profitability for the six months ended 30th September 2017, the Board of Directors have approved an Interim Dividend of Rs. 1.70 Per share for payment to the shareholders. Commenting on the results, APM Terminals Pipavav, Managing Director, Mr. Keld Pedersen said “This has been a challenging quarter, however we continue to focus on growth.”


Special story

Storm in Tamil Nadu

sourced from sand quarries in Tamil Nadu is sold anywhere between Rs 110 and Rs 120. Mr S Ramaprabhu, Honorary secretary of Builders Association of India, Southern Centre, Chennai, said that the import has boosted the efforts of developers, who are hit by non-availability of adequate sand for constructions, towards importing river sand from South-East Asian countries including Malaysia and Cambodia. “One consignment of 55,000 tonnes can cater for a week’s requirement of sand in Chennai and peripheries. Sand could be delivered at the construction site at Rs 80 per cubic feet as an additional Rs 20 should be added for transporting from the port to respective destinations,” he said. STATE GOVERNMENT SHOULD FACILITATE THE INITIATIVE The state government should facilitate the initiative as it would be reduce the dependence on our riverbeds leading to environmental

exploitation, he added. “The Tamil Nadu government must take a cue from neighbouring Karnataka as the latter has already taken up the initiative to source sand from foreign countries,” he said.

NEW AVENUE FOR SHIPPING BUSINESS According to exim community, if the imports are free from legal clutches, it will not only help the Tamil Nadu state as well as the South Indian states to help tide over the shortage of sand, but also open a new avenue for business for them. It is a known fact that India has ran out of sand resources and hence they become costly here. For a country like Malaysia or Cambodia, the sources for river sand are abundant and it will help the country to create new revenue system for them. India needs to import sand and if the countries are allowing consignments in shortest possible time, it will help the local construction industry to come out of the sand crisis. As per Foreign Trade Policy 2015-2020, natural sand import is free subject, but with a condition –as the government said that the Import Policy of ‘Natural Sands’ is revised and they will be subject to Plant Quarantine (Regulation of Import

into India) Order, 2003. Besides, the Custom duty after implementing GST for natural sand (HS CODE; 2505) are BCD 10% IGST 5% plus cess etc and the net tax will be around 18%. Despite these 18 % tax, it would be much lesser in cost when compared to locally available sand. MALAYSIANS ANGRY OVER SAND EXPORT Sahabat Alam Malaysia (SAM) has expressed its shock on the latest news export of first batch of Malaysian sand to Tamil Nadu. The export of sand went ahead despite protest and criticism from various NGOs in Malaysia, when the issue was made public a few months back. SAM had written to several Ministries to get clarification regarding the export of sand from Malaysia, but have yet to receive a response on this matter. “This is a sad episode for the country given how Malaysia’s own natural resources has been sacrificed by a few greedy local businesses. Followers of this issue will be aware that the reason behind India’s decision to import Malaysia’s sand is largely due to the former’s decision to protect its own depleting natural sand reserves,” said a statement. They urged the Malaysian Government pertinently the Minister for Natural Resources and Environment (NRE), Datuk Dr. Haji Wan Junaidi Tuanku Jaafar to seriously look and resolve this matter with immediate effect.

FIEO Sees Excellent Opportunities for Textile & Apparel products in UAE New Delhi Port Wings News Network 112-Member Business Delegation comprising of 51 leading manufacturer exporters from Textile and Apparel Industry from India is in Dubai for exhibiting their products in the “Indian Pavilion” at International Apparel & Textile Fair held from 1st to 3rd November 2017 at Dubai World Trade Centre. The Delegation comprise of leading Indian clothing and textile experts, who are into various product profiles including men’s wear, kids wear, high fashion women’s wear, technical textiles etc. and represent the best of what India is offering to the world in the Textile Industry. INDIAN PAVILION The Indian Pavilion was inaugurated by Mr Vipul, Consul General of India, Dubai on November 1, 2017 at Dubai World Trade Centre. Inaugurating the Indian Pavilion, Mr Vipul said that Indian companies and businesses have benefited from leveraging Dubai’s position as supply market to the Gulf and other region. While referring to Indian Textiles sector, he said that India is positioning herself as high fashion and quality garments exporter in the region and there is huge potential to promote “Brand India” in UAE and other markets in the region. While highlighting the growth in trade and investment between India and UAE, the Consul General of India said that India is UAE’s largest trading

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partner and its export to UAE during the year 2016 touched US$ 32 billion. While referring to the opportunities for Indian Textile industry he said that UAE provides excellent opportunities for Indian companies to utilize Dubai’s location as a platform for increasing exports to other countries. Dr A Sakthivel, Regional Chairman, FIEO Southern Region and leader of the Delegation said that India and UAE need to work together in the textiles segment to promote high quality and fashion clothing industry which can be promoted not only in the West Asia and West African Region but also to other developed countries including EU and US from Dubai. While referring to the services rendered by FIEO, Dr Sakthivel said that FIEO not only helping Indian exporters to find markets across the globe but also helps overseas businessmen to do matchmaking and enter Indian market. India’s exports to UAE during the year 2015-16 was to the tune of USD 3.96 billion, which was 22.7% of India’s garment exports of USD 17.35 billion to the world. INDIAN TEXTILE INDUSTRY Indian Textile Industry is one of the largest textile industries in the world. Today, Indian economy is largely dependent on textile manufacturing and exports. India earns around 27% of the foreign exchange from exports of textiles. Further, Indian Textile Industry contributes about 14% of the total industrial production of India. The Exhibition showcases the strength of Textiles Sector of India having huge textile production capacity, Efficient multi-fiber raw material manufacturing capacity, Large pool of skilled and cheap work force, Entrepreneurial skills, Huge export potential, Large domestic market, Flexible textile manufacturing systems, High Skilled Labour, High technology and fashion manufacturing and designs and Highly competitive pricing.

Nov. 8th - 14th Issue

5

Tirupur Exporters Assn Thanks Tamil Nadu CM Palaniswamy Chennai

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Port Wings News Network irupur Exporters Association (TEA), umbrella body of an influential trade body in Tamil Nadu, has thanked the state Chief Minister Palaniswamy for initiatives to improve air connectivity to Kongu region. In a press release issued on 30 October, Mr Raja M Shanmugham, President, TEA, said that the Kongu region comprising of seven districts of Western part of Tamil Nadu namely - Coimbatore, Tirupur, Karur, Nilgiris, Salem, Erode and Namakkal, is contributing to more than 40% to the state GDP has been using Coimbatore International Airport and due to deprive of direct air connectivity to international destinations, the passengers are normally going to Chennai / Bangalore / Cochin / Tiruchirappalli every day to fly to an international destination via different hubs of foreign airlines in other countries. Furthermore, while importing accessories from China and Hong Kong, Tirupur exporters prefer Chennai airport because of its air connectivity, which is clearly lacking in Coimbatore. Mr Raja M Shanmugham said that the Kongu Global Forum constituted to develop this region has been striving hard and meeting the Civil Aviation Ministry, Airport Authority of India, State Government, and

several national carriers to address the air connectivity issue that exists in Coimbatore airport for years. SPECIAL TEAM FOR LAND ACQUISITION Mr Raja M Shanmugham was glad and thanked Mr Edappadi Palanisamy, Chief Minister of Tamil Nadu and Mr S.P.Velumani, Minister for Municipal Administration, Rural Development and Implementation of Special Programme, for having high level meeting with Civil Aviation Secretary Mr R.N.Chaubey and Air Authority of India, Chairman Mr Guruprasad Mohapatra in Chennai on 27 October 2017 and discussed about the progress of expansion of various airports in Tamil Nadu and the land acquisition process involved. Subsequently, a meeting headed by Mr S.P.Velumani in the presence of Chief Secretary and senior officials, Civil Aviation Secretary and AAI Chairman was also held in Coimbatore and decided to form a special team for land acquisition to develop Coimbatore Airport. Mr Raja M Shanmugham said once the Coimbatore Airport and Air Cargo connectivity is increased further to development of airport will help for overall economy enhancement from this region including exports from Tirupur.

K.S.R.FrEIGHT FOrWArDErs (P) LTD. Corpoate Office: CHennai: No.48/39, Rajaji Salai, Wavoo Mansion, 6th Floor, Parrys, Chennai - 600001. Tel: +91 (44) 25243623-28 Fax: +91 (44) 25243629 E-mail: murthy_krishna@ksrindia.net, pradeak_sk@ksrindia.net

branches Bengaluru ksr freight forwarders (p) ltd. No.12, 8th Main Road, Chandremouleswara Layout, Hunasmaranhalli, Jala Hobli, International Airport Road, Bengaluru - 562 157. Mob: 07760980009 E-mail: anand@ksrindia.net

hyderabad ksr freight forwarders (p) ltd. H/No. 23-178, 1st Floor, Madhura Nagar, Shamshabad, Airport Road, Hyderabad - 501 218. Tel: +91 8413 222428 E-mail: sreekumar@ksrindia.net

kandla ksr freight forwarders (p) ltd. Office No.10, G.F.Mani Complex, Plot No-84, Sector - 8, Nr. Ramleela Ground, Gandhidham, Kutch - 370201. Gujarat, India. Tel: +91 2836-229279 Email: kandla@ksrindia.net mumbai ksr freight forwarders (p) ltd. No.220, NBC Complex, Plot No.43, Sector-11 CBD Belapur (West), Navi Mumbai - 400614. India. Tel: +91 (22) 27564120/30 E-mail: sarika@ksrindia.net new delhi ksr freight forwarders (p) ltd. No.07, First Floor, Nathu Apparment, Road No.4, Street No.9, Mahipalpur Extension, New Delhi - 110037, India. Tel: +91 (011) 30498531 Email: delhi@ksrindia.net, justin@ksrindia.net tuticorin ksr freight forwarders (p) ltd. No.5B/438A, S N R Nagar, Caldwell Colony, 1st Street, Tuticorin - 628008 (TN), Tel: +91 (0461) 2375842 Email: kskanthan@ksrindia.net

kolkata ksr freight forwarders (p) ltd. 22, Lake Place, 2nd Floor, Kolkata - 700029. Tel: 91+(33) 40614134 Mob: 9038011590 E-mail: kolkata@ksrindia.net mundra ksr freight forwarders (p) ltd. Office No.10, G.F.Mani Complex, Plot No-84, Sector - 8, Nr. Ramleela Ground, Gandhidham, Kutch - 370201. Gujarat, India. Tel: +91 2836-229279 Email: mundra@ksrindia.net sullurpeta ksr freight forwarders (p) ltd. EB No. 1164, Adityanagar, Near HP Petroliam Depot, Tada, SPSR Nellore (D.T) A.P., PIN-524401 Tel: +91 (8623) 249648 Fax: +91 (8623) 249648 E-mail: ksr_spet@ksrindia.net visakhapatnam ksr freight forwarders (p) ltd. No. 31-38-17, Rajiv Nagar, Rasalama Colony, Duvvada, Visakhapatnam - 530 046. Tel: +91 (891)2574990 / 2705072 E-mail: giribabu@ksrindia.net

kandla ksr freight forwarders (p) ltd. Office No.10, G.F.Mani Complex, Plot No-84, Sector - 8, Nr. Ramleela Ground, Gandhidham, Kutch - 370201. Gujarat, India. Tel: +91 2836-229279 Email: kandla@ksrindia.net

Petrapole KSR FREIGHT FORWARDERS PVT LTD Jatindra Bhavan, Petrapole, Land Phone-(03215)-245087. Ctc – Sujay Neogi – 9073365079 & 9153146072 Subha - 8348608738 Email: cs.ccu@ksrindia.net

Website: www.ksrindia.org


6

Vessel Position at Terminals - (08.11.2017 TO 15.11.17)

Nov. 8th - 14th Issue

7

CITPL - Chennai

CCTL - Chennai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

08/11

09/11

MD1

WAN HAI 508

44538E

WAN

Port Klang, West Port Klang, Singapore,

07/11

08/11

SIF

SPIRIT OF MUMBAI

SI744R

MSC

Colombo, Krishnapatnam, Karikal

09/11

BOX1

OCEAN PROLOGUE

13

Evergreen

Colombo

11-11

NEMO

Conti Paris

226NNW

CMACGM

Singapore, Chennai, Colombo, Cochin, Damietta, Piraeus, Malta, London Gateway Port

08/11

09/11

TSC

MOL SUCCESS

1062E

MOS

Port Klang, Singapore, L.Chem

08/11

09/11

10/11

ACS

HS BAFFIN

8

GOL

KICT, Krishnaptna, Port Klang, Singapore

10/11

10/11

11/11

FME

SCT OMAN

17009E

TST

Port Klang, Singapore, manila, Shanghai

11/11

12/11

TCX

COSCO SURABAYA 55

CCO

Singapore, L. chem, Kattupalli, West Port Klang,

PSA Sical - Tuticorin ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

07/11

08/11

FEEDER

Cape Nemo

310

BTL

Colombo

10/11

11/11

FEEDER

Cape Nemo

311

BTL

Colombo

08/11

09/11

FEEDER

St.John

030

Seacon

Colombo

12/11

13/11

FEEDER

St.John

031

Seacon

Colombo

E.G.M.NO.

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

08/11

09/11

CCG

XIAMEN

2

SIM

Jebel Ali, Cochin, Colombo, Chennai, Vizag

10/11

11/11

TCX

COSCO SURABAYA

55

CCO

Singapore, Port Klang, Kattupalli, Chennai, Laem Chabang

10/11

10/11

HSB

HS BAFFIN

008W

GOL

Laem Chabang, Singapore, Port Klang, Kattupalli, Chennai,

12/11

13/11

TCX

COSCO SURABAYA 1

55

CCO

Singapore, Port Klang, Kattupalli, Chennai, Laem Chabang

KPCT, Krishnapatnam

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin 07/11

08/11

PIX 2

.SSL BRAMBHAPUTRA

SSL

PIPAVA, MUNDRA, TUTICORIN

07/11

09/11

TCI

TCI ARJUN

VSP

MUNDRA, TUTICORIN, MUNDRA

09/11

10/11

FEEDER

ER SYDNEY

BTL

COLOMBO, TUTICORIN, COLOMBO

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

11/11

12/11

ACS

HS Baffin

008E

Hyundai / Zim

Singapore, Port Klang, Chennai, Kattupalli, Krishnapatnam, Port Klang

14/11

15/11

CHEX

Wide Alpha

1717

Maersk / Seaworld

Tanjung Pelapas, Chennai, Krishnapatnam, Visakhapatnam, Tanjung Pelapas, Singapore, Xingang, Qingdao, Busan

ICTT - Vallarpadam

JNPT - Mumbai

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

09/11

10/11

RSA

OEL India

276

TSA

Cochin, Colombo

13/11

14/11

CCG

Xiamen

002W

MBK

Jebel Ali, Cochin

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

09/11

10/11

PIX 1

SSL Kutch

124

SHR

Mundra, Cochin, Tuticorin, Mundra, Tuticorin, Cochin, Mundra, Hazira

12/11

13/11

INDAMEX

Maipo

7145

Hapag Lloyd / HLI

Port Qasim, Nhava Sheva, Mundra, Damietta Newark, Norfolk, Savannah...

10/11

11/11

PIX 2

SSL Kochi

136

SHR

Pipava, Tuticorin, Cochin, Chennai, Tuticorin, Cochin, Jebel Ali, Mundra...

09/11

10/11

CISC

Wan Hai 507

143W

Wan Hai

Jebel Ali, Mundra, Nhava Sheva, Abu Dhabi

12/11

CISC

PL Germany

059W

Sima Marine (SMM)

Jebel Ali, Mundra, Nhava Sheva, Abu Dhabi

10/11

NEMO

AL Safat

7136

Hapag Lloyd

Cochin, Damietta, Malta, Geno, Tilbury, Hamburg, Rotterdam...

11/11

09/11

14/11

15/11

IGI

Northern Prelude

051

SEC

09/11

10/11

IWCS

Paul Abrao

002

SMI

Colombo, Mundra, Pipavav, Marmagao...

Jebel Ali, Mundra, Nhava Sheva Port Klang, Colombo, Jebel Ali, Karachi...

09/11

AIS

KMTC Dubai

1707E

KMD

Port Klang, Nhava Sheva

10/11

IWCS

Pamba 1

032

SMI

Colombo, Mundra, Pipavav, Marmagao, Mangalore, Cochin...

08/11

09/11

13/11

14/11

AIS

Hyundai Courage

066E

Hyundai

Port Klang, Nhava Sheva

13/11

14/11

IGS

OEL Transworld

32

LMR

Jebel Ali, Mundra, Nhava Sheva

APM Terminal - Mumbai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

18/11

19/11

FM3

Maersk Savannah

1715

Maersk (I) / Maersk Line

Colombo, Nhava Sheva, Mundra, Singapore, Xingang (TJ)

08/11

09/11

ME-3

Maersk Kalmar

1716

Maersk (I) / Maersk Line

Pipavav, Hazira, JNPT, Jebel Ali, Salalah...

09/11

10/11

HLS

Newark

H1874

NYK

Port Klang, Singapore, Nhava Sheva...

12/11

13/11

EPIC

CMA CGM Amazon

135EHW

CMA CGM

Khor AL Fakkan, Jebel Ali, Port Qasim, Nhava Sheva, Mundra, Jeddah...Â

10/11

11/11

MINA

Houston Express

1744W

Hapag Lloyd

Khor Al Fakkan, Jebel Ali, Port Qasim...

12/11

13/11

CIX3

OOCL Rotterdam

096E

OOCL

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

13/11

14/11

CIX

Wan Hai 505

H1926

Wani hai

Mundra, Khor AL Fakkan, Jebel Ali...

09/11

10/11

WIN

Maullin

044E

Hapag Lloyd

Port Klang, Nhava Sheva, Pipavav, Hong Kong, Ningbo, Shanghai...

08/11

09/11

IMX

X-Press Karakoram

26

Zim

Port Klang, Colombo, Nhava Sheva, Hazira, Mundra, Haifa, Alexandria....

Kamarajar Port Ltd., Date

Vessel Name

Agent

Cargo

08/11

Harmony Leader

NYK

Cars

13/11

Triton Ace

MOL

Cars

Adani Mundra Container Terminal - Mundra ETA

ETD

07/11

Service

Vessel Name

Voy

Agent/Line

Calling Ports

08/11

NORTHERN PRACTISE

172759

SCS

Port Klang, Colombo, Jebel Ali, Karachi...

08/11

09/11

KOTA LAHIR

172749

PMP

08/11

09/11

HOUSTON EXPRESS

172802

HLI

10/11

11/11

NORTHERN GENERAL

172737

MBKL

Mundra International Container Terminal

NSICT - Mumbai ETA

ETD

07/11

Service

Vessel Name

Voy

Agent/Line

08/11

PRIORITY

172789

NYK

08/11

09/11

UNI FLORIDA

172712

MAERSK LINE

08/11

09/11

TENO

172643

HAPAG LLOYD

09/11

10/11

EMIRATES HANA

172753

EMIRATES SHIPPING

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

11/11

12/11

EPIC

MSC Busan

745R

MSC (I) / MSC

Rotterdam, Humburg, Antwerp, Dunkerque, Le Havre, Port Said East, Djibouti...

12/11

13/11

MECL

Maersk Detroit

1709

Maersk (I) / Maersk Line

Port Qasim, Mundra, Pipavav, NSICT...

13/11

14/11

MWE

GH Chinook

1707

Maersk (I) / Maersk Line

Salalah, Mombasa, Nhava Sheva, Mundra...

09/11

10/11

INDUS

MSC Rachele

745A

MSC (I) / MSC

Mundra, Nhava Sheva, Valencia, New York...

10/11

11/11

SWAX

CMA CGM Manet

2552SS

CMA CGM

Nhava Shiva, Mundra,Khor Al Fakkan...

11/11

12/11

OEL TRANSWORLD

172742

MBK LOGISTIX

08/11

09/11

MESAWA

Robin Hunter

1711

Maersk (I) / Maersk Line

Port Elizabeth, Durban, Port Louis, Jebel Ali...

12/11

13/11

MAERSK SALTORO

172711

MAERSK LINE

07/11

08/11

GALEX

Emirates Hana

1742W

Emirates

Port Kelang, Colombo, Cochin, Nhava Sheva, Mundra, Jebel Ali...

13/11

14/11

PUCCINI

172710

MAERSK LINE

13/11

14/11

MAERSK ALFIRK

172709

MAERSK LINE

Adani CMA Mundra Terminal Pvt. Ltd. ETA

ETD

09/11

Service

Vessel Name

Voy

Agent/Line

Calling Ports

10/11

TAI PROFIT

172852

TSL

Tianjinxingang, Qingdao, Kaohsiung...

07/11

08/11

CERULEAN

172833

JMB

02/11

03/11

Hansa Duburg

715W

PSD

IDX

Mundra, Khor AL Fakkan, Jebel Ali

VCTPL, Vizag ETA

ETD

Service

Vessel Name

Voy

Agent/Line

07/11

08/11

SIM

Seaspan Ningbo

006E

Seaways

Calling Ports

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.

Qty in Tonnes

Calling Ports

Adani International Container Terminal - Mundra ETA

ETD

07/11

Service

Vessel Name

Voy

Agent/Line

08/11

MSC HEIDI

172547

MSC

08/11

09/11

SCI MUMBAI

172799

SCI

08/11

09/11

HANSA OFFENBURG

172803

POSEIDON SHIPPING

08/11

09/11

SARAYU

172733

MBK

08/11

09/11

MSC PAMELA

172767

MSC

09/11

10/11

MSC GISELLE

172780

MSC

09/11

10/11

MSC SOLA

172766

MSC

10/11

11/11

MSC LARA

172810

MSC

Calling Ports


Nov. 8th - 14th Issue

Shipping Ministry Doles Out Rs 2,302.05 Crore for Sagarmala Projects New Delhi Port Wings News Network he Ministry of Shipping has taken up projects worth Rs 2,302 crore for financial assistance under the Coastal Berth Scheme of the flagship Sagarmala Programme. The Ministry, after due appraisal in consultation with NITI Aayog and Department of Expenditure, has extended the period of the scheme for three years, upto 31 March, 2020 and expanded its scope to cover capital dredging at Major Ports and preparation of DPR for coastal berth project, in Oct 2017. The projects under Coastal Berth Scheme of the flagship Sagarmala Programme are distributed over eight states with the highest number of projects in Maharashtra (12 projects), Andhra Pradesh & Goa (10 projects), Karnataka (6 projects), Kerala and Tamil Nadu (3 projects), Gujarat (2 projects) and West Bengal (1 project). Out of the 47 projects, 23 projects worth Rs 1075.61 crore have been sanctioned for total financial assistance of Rs 390.42 crore and Rs 230.01 crore has been released to Major Ports, State Maritime Boards and State Governments. The remaining 24 projects are under various stages of development and process of approval. The most recent beneficiaries of the scheme were Jawahar Lal Nehru

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Port Trust (JNPT) a n d Karnataka Government respectively for developing coastal infrastructure at Jawahar Lal Nehru Port, Karwar Port and Old Manglore Port. Rs 25 crore were sanctioned for construction of coastal berth (270m x 30m) at JNPT . Rs 114.4 crore were sanctioned for Karnataka Government for extension of the existing Southern breakwater by 145 metres, construction of a new North breakwater of 1160 metres, construction of coastal berths at Karwar port and construction of coastal berth an capital dredging at Old Manglore port. The Coastal Berth Scheme aims to provide financial support to ports or state governments for creation of infrastructure for movement of cargo and passenger by sea or national waterways. The admissible financial assistance from Central Government is 50% of the total cost of the project subject to: (i) a maximum of Rs 25 crore for projects relating to construction/up-gradation of coastal

berths by Major/Non-Major Ports, (ii) a maximum of Rs 10 crore for construction of platforms/jetties for hovercrafts & seaplanes by Ports/ State Governments & passenger jetties in National Waterways and islands by State Governments, (iii) a maximum of Rs 15 crore for mechanization of berths by Major/ Non-Major Ports (iv) a maximum of Rs 50 crore for capital dredging of Major Ports/operational Non-Major Ports ; and (v) a maximum of Rs 50 crore for construction of breakwater for existing and Greenfield Ports. The financial assistance will also be provided for the preparation of DPRs for the projects to be considered under this scheme. The construction of passenger jetties also includes construction of terminal building and allied infrastructure. The balance expenditure has to be incurred by the respective Ports/ concerned State Governments (including State Maritime Boards) from their own resources. Once completed, the projects will help to promote coastal shipping and increase its share in domestic cargo movement in India. Better infrastructure for coastal shipping will decongest rail and road network besides ensuring cost competitive and effective multimodal transportation solution. The country has high potential to use coastal shipping for its internal cargo movement given its 7500 kms long coastline.

Govt. Updates Guidelines on Shipbuilding Financial Assistance Policy New Delhi Port Wings News Network o promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015. This policy provides Rs. 4000 Crores financial assistance to shipyards for 10 years for contracts

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secured between 01.04.2016 and 31.03.2026 (including these dates). SHIPYARDS ASSOCIATION OF INDIA’S ISSUES The Shipyards Association of India had raised certain issues with regard to the previous web application which had been launched in June 2016 for processing applications for financial assistance under the policy. The Ministry of Shipping held a series of consultations with the stakeholders and has now rolled out an updated version of the web application, along

with an amended set of guidelines, for applying under the policy. Under the amended guidelines, increased numbers of days are now available with the shipyards to apply under the policy, as well as to obtain and submit valuation reports. The updated web application also generates a wider choice of international valuers by whom the valuation of a vessel can be carried out. The upgraded version of the web application will be administered and monitored by the Directorate General of Shipping, Mumbai.

Mormugao Port Observes Vigilance Awareness Week Panaji

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Port Wings News Network igilance Awareness Week was inaugurated at Mormugao Port Trust (MPT) on 30 October 2017. The Vigilance Awareness week was observed from 30 October to 4 November 2017, and various activities to highlight the menace of corruption in public life were conducted. The Deputy Chairman of the port Mr G. P. Rai was the chief guest and inaugurated the Vigilance Awareness Week in the presence of the Guest of Honour and Key-note Speaker for the day, Mr Bossuet D’ Silva, Superintendent of Police, (ACB), Heads of Departments, officers, staff and employees. Integrity Pledge to mark the occasion was taken in English and in Hindi at the inaugural function by all present. In his brief address to the august gathering, Mr Rai said, “‘There is a need to introduce a system to deliver timely services to the public, by way of which we can curtail corrupt practices. Introducing preventive

vigilance in the day to day working is the other best strategy to

control corruption.” Mr Bousset D’ Silva, Superintendent of Police, in his educative and enlightening keynote address on the topic ‘My vision – Corruption Free India’ said ‘Corruption causes damage to the country and the society, and it is an obstruction for its economic growth and progress. Corruption can be eliminated by the participation of all the citizens of the country. In our country corruption flourishes mainly because there is no accountability. The Central Vigilance Commission on its part makes all efforts to bring in accountability and to curb corruption. In Goa, for e.g. the major loss to the Government exchequer is by way of land deals that are transacted’. He further highlighted various Sections of the law which are in place to curb corruption and

malpractices at every level and exhorted those present to come forth fearlessly with information to curb corrupt practices. ‘Don’t be afraid to be whistle-blowers to eliminate corruption, the law will protect you’ he said further. Narrating his own experiences in investigating high profile corruption cases in Goa involving senior bureaucrats of the Govt., and how he succeeded in getting convictions, he held the rapt attention of his audience from the beginning till the end. He also answered many querries raised by the employees in matters of curbing corruption. The Heads of Department of MPT also spoke on the topic of ‘Can corruption be eradicated from our society’ and shared their views. A humorous skit conveying the message against corruption and cheating was enacted by the Port employees. The function was compered by Mr G.M. Gadkar, AXEN(Vigilance) while Mr Tico Rodrigues of the Vigilance Department proposed the vote of thanks.

7

NEWS - BITS Foxconn Eyes 200 Hectares at JNPT

Foxconn, a Taiwan-based multinational electronics contracts manufacturing company, is eyeing 200 hectares of land at the Jawaharlal Nehru Port Trust as it is keen to set up a billion-dollar plant, sources said. JNPT is a shipping port off Mumbai and accounts for a huge chunk of India’s import-export trade. Confirming the development, JNPT chairperson Anil Diggikar said, “Foxconn has requested 200 hectares and we will examine the file.’’ Senior government officials had earlier revealed that the Indo-Chinese standoff at Doklam had led to the delay in setting up of the project. According to sources, Foxconn had signed an agreement as a part of the Make in India initiative to set up an electronic manufacturing plant with an investment of up to five billion dollars in the next five year. However, the staterun Maharashtra Industrial Development Corporation was unable to grant them the plot of land.

Japan imports over 25 million barrels of crude oil from UAE Japan imported 25.278 million barrels of crude oil from the UAE in September 2017, according to data released by the Agency of Energy and Natural Resource in Tokyo. This accounts for 26.6 percent of Japan’s total crude imports, the agency, working under the remit of Japan’s Ministry of Economy, Trade and Industry, explained. Saudi Arabia provided 35.376 million barrels, or 37.2 percent of the total, while Kuwait, Qatar, Iran and Russia, provided 8.7 percent, 7.2 percent, 6.8 percent and 2.3 percent respectively. Arab oil accounted for 78.269 barrels or 82.3 percent, of Japan’s petroleum needs in September, when Japan’s total crude oil imports in that month amounted to 95.115 million barrels, the agency said.

Seaspan quarterly profit off 33.5pc to US$60.1 million, sales fall 6.1pc

HONG KONG’s global ship lessor Seaspan posted a 33.5 per cent decline in third quarter net profit to US$60.1 million, drawn on revenues of $211 million, which fell 6.1 per cent year on year. In the first nine months of the year, the net profit declined 27 per cent year on year to $220.4 million drawn on revenues of $616.9 million, down 7.1 per cent. Seaspan took delivery of three 11,000-TEU vessels on long-term bareboat charters with Mediterranean Shipping Company (MSC). It entered into three-year time charter contracts with CMA CGM for two 10,000TEU newbuilding currently under construction. It entered into vessel sale agreements for four 4,250-TEU vessels. Two of the individual vessel sales closed in the third quarter and a third closed in the fourth quarter. Seaspan also achieved reductions of 10.7 per cent and 11.7 per cent in ship operating expense per ownership day during the three and nine months ending September 30 and achieved vessel utilisation of 96.9 per cent and 95.6 per cent for the three and nine months ending September 30.

Fears around containment of Fusarium TR4 in Africa and Asia

Tropical Race 4 of Panama disease (TR4 of Fusarium wilt) is spreading to new localities in Asia and the Middle East. It is feared to be just a matter of time before it spreads from northern Mozambique, where it is currently present, into other African countries. The first global campaign to address the banana disease has just been launched by the United Nations’ Food and Agriculture Organisation (FAO) and its partners. Previous campaigns aimed at the disease had a continent-specific focus. Fazil Dusunceli, plant pathologist at the FAO, calls Fusarium TR4, which severely affects the Cavendish banana cultivar, the most destructive disease that can affect bananas. There is no effective chemical to kill the fungus and unlike when Fusarium wilt decimated Gros Michel bananas, the international banana export industry has no alternative to the Cavendish. Globally, the Cavendish makes up around 50% of all bananas produced and is worth $36 billion. In total, more Cavendish is grown and consumed in-country than is exported.

Weaker capesize rates drag down Baltic index

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for the sixth-straight session on Wednesday, mainly driven by weaker rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 26 points, or 1.71 percent, to close at 1,496 points. The capesize index dipped 82 points, or 2.55 percent, to 3,137 points, its biggest percentage fall since late September. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $743 to $21,317. The panamax index snapped its eight session losing streak and was up 11 points, or 0.74 percent, at 1,503 points. Average daily earnings for panamaxes, which typically carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $86 to $12,089. Among indexes tracking rates for smaller vessels, the supramax index fell 17 points to close at 1,043 points. The handysize index shed 6 points to finish at 673 points.

CUSTOMS EXCHANGE RATES Notification No.103/2017 (N.T.) ALL RATES PER UNIT

FOREIGN CURRENCY Australian Dollar Bahrain Dinar Canadian Dollar Chinese Yuan Danish Kroner EURO Hong Kong Dollar Kuwait Dinar New Zealand Dollar Norwegian Kroner Pound Sterling Qatari Riyal Saudi Arabian Riyal Singapore Dollar South African Rand Swedish Kroner Swiss Franc UAE Dirham US Dollar Japanese Yen Kenya Shilling

with effect from 02nd Nov. 2017

RATE (INR) Import Export 50.65 177.15 51.10 9. 95 10.30 76.50 8.40 220.80 45.60 8.10 87.10 17. 65 17.80 48.25 4.80 7.85 65.70 18.15 65.40 57.65 64.40

48.90 165.50 49.50 9.60 9.90 73.90 8.15 206.60 43.80 7.80 84.25 16.15 16.65 46.75 4.50 7.55 63.55 17.00 63.70 55.70 60.15

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/CNI/GPO/067/2015-17 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Tuesday, Posted on Tuesday / Wednesday

8

BACA Votes Volga-Dnepr Airlines as ‘Best Cargo Charter Airline’

September Air Freight Demand Slows Slightly but Still Up 9.2% : IATA accelerating the modernization of its many antiquated processes,” said Alexandre de Juniac, IATA’s Director General and CEO. With year-to-date demand growth of 10.1%, the IATA forecast of 7.5% growth in air freight demand for 2017 appears to have significant upside potential even if the peak of the economic cycle has passed. REGIONAL PERFORMANCE Airlines in all regions reported an increase in year-on-year demand in September. Asia-Pacific airlines saw freight volumes increase by 9.3% in September 2017, compared to the same period last year. Capacity in the region expanded 5.3%. Demand growth was strong on all the major routes to, from and within AsiaPacific, consistent with strong export order books for the region’s manufacturers. Exporters in Chinese Taipei, China and Japan all reported growing order books. North American carriers posted an increase in freight volumes of 7.4% for the month; the region also posted the second fastest international growth rate among regions (11.0%). Capacity increased 1.4%. The strength of the US dollar boosted the inbound freight market in recent years. Data from the US Census Bureau shows a 12.0% increase in air imports to the US in the first seven months of 2017, compared to a slower rise in export orders of 6.6%. However, there are signs that the decline in the US dollar

Chennai

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Port Wings News Network he International Air Transport Association (IATA) released data for global air freight markets in September 2017 showing that demand (measured in freight tonne kilometers or FTKs), rose 9.2% compared to the same month in 2016. This was the slowest pace of growth seen in five months. However, it was still significantly higher than the five-year average growth rate of 4.4%. Freight capacity (measured in available freight tonne kilometers or AFTKs), rose by 3.9% compared to September of last year —less than half the pace of demand growth. This is positive for industry load factors, yields, and financial performance. It appears that the industry has passed a cyclical growth peak. The upward trend in seasonally-adjusted freight volumes in Q3 has eased and the inventory-to-sales ratio in the US is now trending sideways. This indicates that the period when companies look to restock inventories quickly—which often gives air cargo a boost—has ended. DEMAND FOR AIR CARGO “Demand for air cargo grew by 9.2% in September. While that’s slower than in previous months, it remains stronger than anything we have seen in recent memory. But there are signs that this demand spurt may have peaked. So it becomes even more important to reinforce the industry’s competitiveness by

since the start of the year is beginning to rebalance trade flows. In August 2017, the most recent month for which data are available, exports from the US by air grew 12.7% while imports by air grew more slowly at 7.4%. Middle Eastern carriers’ year-onyear freight volumes increased 8.9% in September 2017 and capacity increased 2.6%. This was a slowdown in demand from the previous month. Latin American airlines experienced a growth in demand of 7.6% in September 2017 and capacity increased by 5.9% compared to the same period in 2016. International freight volumes rose by 8.6% over the same period. This is well above the five-year average rate of 0.1%. The pick-up in demand reflects signs of economic recovery in the region’s largest economy, Brazil. Seasonallyadjusted international freight volumes are now back to the levels seen at the end of 2014. African carriers posted the largest year-on-year increase in demand of all regions in September 2017, with freight volumes rising 17.7%. This is a slowdown from August but still more than twice the five-year average growth pace of 8.9%. Capacity increased by 2.6% over the same time period. Demand has been boosted by very strong growth on the trade lane to and from Asia which increased by more than 67% in the first eight months of the year. However the upward trend in seasonally-adjusted volumes has flattened in recent months.

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Nov. 8th - 14th Issue

Chennai

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Port Wings News Network olga-Dnepr Airlines has won the coveted ‘Best Cargo Charter Airline’ award in The BACA Excellence Awards 2017, voted for by members of BACA – the Air Charter Association. A ‘global voice’ of the air charter industry, BACA was founded in 1949 by members of the Baltic Mercantile and Shipping Exchange to bring to aircraft chartering the same standards of integrity and professionalism for which the Baltic Exchange and the Institute of Chartered Shipbrokers have for so long been known and respected. THE SEVENTH TIME Alexander Kraynov, Charter Commercial Director of VolgaDnepr Airlines, was presented with the award by Transvalair’s representative at the Association’s annual Autumn Luncheon at the Guildhall in London. The event was attended by hundreds of senior executives from the aviation and air charter sectors, representing some 130 companies. Commenting on this latest accolade, Alexander Kraynov said: “BACA, the Air Charter Association, is so highly respected because of the quality and calibre of its membership and for its important role in representing the air charter industry. That makes winning this award very special to us because the members who voted for Volga-Dnepr are among

the world’s most experienced and knowledgeable air charter professionals. They are clearly bestplaced to judge the quality of airline performance.” Richard Mumford, BACA’s Chairman, said: “Volga-Dnepr was fully deserving of the award for the Best Cargo Charter Airline. Members of BACA report that they consistently deliver a strong and reliable service, handling complex projects with a high degree of professionalism.”

This was the second award presented to Volga-Dnepr Airlines in October for service excellence. It was also voted ‘Charter Operator of the Year’ by a panel of leading air cargo industry executives in the annual Payload Asia Awards 2017, presented in Singapore. The award was judged on each nominated company’s market leadership, operational performance, unique service and production innovations, and key factors differentiating it from its competitors. The 2017 judging panel included senior executives from Boeing, Airbus, IATA, the Association of Asia Pacific Airlines, Lufthansa Cargo, DHL Global Forwarding and The International Air Cargo Association.

Ukrainian President, DP World Chairman Discuss Maritime Logistics Collaboration Mumbai

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Port Wings News Network s part of his official visit to the UAE to discuss bilateral cooperation in politics, security and foreign investment, President of Ukraine Petro Poroshenko toured DP World’s flagship Jebel Ali Port and Freezone on 3 November and met with the global trade enabler’s Group Chairman and CEO Sultan Ahmed Bin Sulayem. WAYS TO GROW UKRAINE’S MARITIME AND LOGISTICS SECTOR Discussions focused on ways to grow Ukraine’s maritime and logistics sector with the possibility of DP World participating in the concession of the State Port Yuzhny, and collaboration on technologydriven customs operations in Ukraine and other opportunities. Last year, DP World signed a Memorandum of Understanding (MoU) with the government of Ukraine to partner on matters of mutual interest. DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem, said: “We’re pleased to welcome President Petro Poroshenko to Jebel Ali, where DP World’s rise as a global trade enabler began. Jebel Ali prospered because of its geographic location as a gateway to the region and we see this hub potential in the port cluster on Ukraine’s Black Sea

coast too. Ukraine has a promising logistics sector and with the right environment for economic development that’s supported by favourable foreign and domestic policies, it can grow substantially. Sultan Ahmed Bin Sulayem stated: “DP World will focus on upgrading existing ports with innovative techbased and smart solutions, developing local talent, sharing international best practice and investing in the growth of small and new trade enabling services to create seamless trade flows. Efficient infrastructure and services along multi-modal transport links are essential to profitable trade growth. We look forward to building on our excellent relations with the government of Ukraine and to support their goals for economic growth.” DP World enjoys a strong presence in the Black Sea region with its Constanta Terminal in Romania and a state-of-the-art facility with excellent deep-draft access, and the MoU with Ukraine reinforces its commitment to develop world class logistics facilities in the region. Ukraine-UAE economic cooperation has been strengthening in recent years, with Ukrainian exports to the UAE increasing by almost 60% during the first five months of 2017. Trade between Dubai and Ukraine amounted to more than AED 1 billion in 2016, with the majority being imports to Dubai, followed by exports and re-exports. Total trade in the first half of 2017 was over AED 748 million.

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.

Port Wings 08 Nov 2017 Issue  
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