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Govt plans air freight stations to transport coronavirus vaccines Chennai

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Port Wings News Network rom reducing dwell time at airports to faster overflight and landing permits, India is planning regulatory changes to quicken the procedure of transporting vaccines for Covid-19 from and into the country, according to a news report in leading daily Business Standard.

The government is considering setting up air freight stations (AFS) to enable direct movement of vaccines from pharmaceutical factories to the aircraft.

An AFS is an off-airport cargohandling facility that, apart from managing the goods for shipment, reduces congestion at the main airport terminal.

According to the plan, export and import clearances for cargo — including Customs activities like assessment, examination, and duty payment — will be provided at the AFS. It will be built near vaccine factories.

Companies in India like the Serum Institute, Bharat Biotech, and Zydus Cadila are in the process of manufacturing vaccines which, besides being used here, will be exported.

Other cross-border regulatory agencies such as the plant quarantine office and drug controller office will also be accommodated in the AFS. This will cut down the dwell time, enabling a faster reach of vaccines to medical facilities.

Dwell time is what a cargo consignment takes to leave the airport premises after all Customs permits and security clearances have been obtained.

The dwell time at Indian airports is

much longer than in other countries.

Logistics industry sources say at major Indian airports like Delhi and Mumbai, it takes more than 75 hours for a cargo consignment to get clearance. It is less than six hours in airports such as Changi (Singapore), Dubai, and Hong Kong.

“We are discussing if it is possible to move vaccines directly from the factory to the aircraft.

We are also discussing the

concept and procedure with security agencies like the Bureau of Civil Aviation Security and Customs,” a government official said.

The official said it was “important to cut down the time between the vaccine leaving the factory and its getting into the aircraft”. The government has formed a task force for administering vaccines to a large population by mid-2021, while keeping health care workers and front line warriors on priority.

A sub-committee of this task force is focusing on logistics, which will include building cold storage facilities and seamless transfers of vaccines from airports to vaccination centres. If approved, the government-owned Airports Authority of India’s (AAI’s)

subsidiary AAI Cargo Logistics and Allied Services Company may be tasked with building the AFS. The task force has also asked the Directorate General of Civil Aviation to ensure a faster approval process for overflight and landing permits for foreign freighter jets carrying vaccines.

Timely regulatory approvals and storage and clearance by the Customs will be essential to facilitate the movements of File Photo vaccine, IATA said recently.

However, executives of private airports are learnt to have opposed the move. “Commercial business viability would be a challenge for airport operators as well as for AFS operators. Both will offer similar services, leading to work duplication, impacting the viability of airports that have invested in building cold chains,” an executive of a private airport said.

India’s major gateway airports at Delhi, Mumbai, Bengaluru, and Hyderabad are privately controlled.

A spokesperson for GMR Groupowned Delhi Airport said it had two cargo terminals with temperaturecontrolled zones with separate cool chambers ranging from 25 degree Celsius to minus 20 degree Celsius.

“There are also cool dollies (containers with temperaturecontrolled systems) at the airside, which ensure unbroken cold chains during temperature-sensitive cargo movements,” the spokesperson said.

Tushar Jani, chairman of Cargo Service Centre (CSC), which operates the cargo terminal at Mumbai airport, Contd. on page -2

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India Set To Resume Talks On Free Trade Agreements With EU, US Chennai

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Port Wings News Network ndia, which has not signed any trade agreement since 2012, will soon revive talks on the possible free trade agreement (FTA) with the European Union and the US. Even as the Narendra Modi government opted out of the Regional Comprehensive Economic Partnership (RCEP), it is keen on inking trade deals with other economic blocs, a highly placed source said, adding that India could gain significantly amid a growing anti-China sentiment in many parts of the world.

The EU is India’s largest trading partner accounting for 11.1 per cent of total Indian trade, on par with the US and ahead of China (10.7 per cent).”We are positive that FTAs with the EU and US will benefit India and talks will be resumed,” Gopal Krishna Agarwal, the Bharatiya Janata Party’s national spokesperson on economic affairs, said. “India is not opposed to trade agreements with other countries, though now that seems to be the popular notion after we exited the RCEP, we understand the need to remain globally and regionally integrated,” Agarwal added.

After intense negotiations for an FTA with the EU, talks have been stalled since 2013 after differences on various issues could not be ironed out. Other Asian nations looking at trade deals with the west, Vietnam has already inked one. Vietnam, which is emerging as a formidable competition to many economies, has already signed at a trade pact with the EU. “The European economy needs now every opportunity to restore its strength after the crisis triggered

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by the coronavirus,” Ursula von der Leyen, President of the European Commission, said in a statement.

“India should not waste time now. It must act fast before other countries seal the deals,” Federation of Indian Export Organisations (FIEO) president S.K. Saraf told Indianarrative.com. “We must revive talks on the stalled FTAs and other trade pacts to cash in on the changing geopolitical order.

The current anti-China sentiment in Europe could help India at this point and we must not waste an opportunity.”

Typically, trade agreements including the one with Association of Southeast Asian Nations (Asean) have not worked in India’s favour but experts opined that New Delhi must remain engaged with other countries not only to boost trade but also to be heard in the global community. Foreign Secretary Harsh Shringla’s seven-day trip to Europe just a few weeks ago is being seen as an important development in this direction. On Thursday the first stand-alone India-Luxembourg summit between Prime Minister Narendra Modi and his counterpart Xavier Bettel was held via video conferencing, where the former underlined the need to expand trade and economic co-operation between India and the EU. The RSS-affiliated Swadeshi Jagran Manch has not been in favour of multilateral trade agreements. It instead said that India must focus on strengthening the Atmanirbhar India plank.

“India cannot afford to have the Bombay Club which existed in the early 1990s, there is need to remain connected with other countries and that includes trade and economic co-operation,” Sanjaya Baru, economist and media adviser to former Prime Minister Manmohan Singh had said earlier.

The Bombay Club, comprised eminent Indian industrialists who while supporting the process of economic liberalisation in 1993 sought protection and measures for a level-playing field.

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Inside U.S. Exporters Coming Up... Pg-2 CMA CGM launches ACT with... Pg-3 Shipping Industry’s CO2 Footprint... Pg-4 India’s Contribution to the... Pg-5 Vessel Position at Terminals and Ports... Pg-6 Latest Customs Exchange Rates... Pg-7 NHAI Collaborates With 200... Pg-7 Will Kamarajar Port Become...

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Nov. 25th - Dec. 1st Issue

Govt plans air freight stations to transport...

Wednesday, November 25, 2020

Wing 7 Feather 15

Shock and Awe

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cean carriers are racking up massive profits from the unrelenting spiral of rate hikes and surcharges across virtually all liner services.

Carriers were quoting rates, via e-mail and digital platforms, some three times higher than these for Rotterdam and Antwerp, and “much more” for the UK. The high rates also come with a raft of surcharges and fees that is now making the shipments unsustainable. It is heard this week of two big orders from China to the UK that had been cancelled due to the contract needing to be renegotiated, while others have opted to hold shipments in warehouses until the market cools down.

Shippers are incensed that carriers are “taking advantage of their stranglehold on the supply chain” by loading on more fees and surcharges.

And shippers from Asia to the Mediterranean are also suffering spot rate hikes over and above the SCFI reading, which this week increased by 7% to $1,797 per teu – 160% higher than a year ago.

On the transpacific, the SCFI rate components for the US west and east coasts were stable again this week: west coast rates edging up $25 to $3,913 per 40ft and the east coast increasing by just $6 per 40ft to $4,682.

However, here too carriers are indirectly increasing rates to shippers via premium guarantee fees and surcharges.

Nevertheless, the shipping lines on the route could boost their earnings even more if they could speed up the return of equipment to Asia. The shortage of containers in Asia is causing carriers to depart load ports with less than full vessels.

Serious port congestion at the US west coast and the UK presents even more of a challenge. Schedule reliability will drop further – the ontime performance of certain loops is already below 40%.

Notwithstanding the current short-term rate spike, which analysts believe could continue until the Chinese New Year in February, shippers are bracing themselves for some hefty increases in longer-term contract rates for 2021.

Hapag-Lloyd described the global container shortage as a “black swan” event, noting the “strongest increase in 40ft demand, following one of the strongest decreases in demand ever” within six months.

The carrier suspended bookings of agricultural products from North America so it could prioritise repositioning equipment to the more lucrative Asian export market.

Intra-Asia is also feeling the brunt of the huge demand in the US for Asian exports, and the bumper profits available to carriers on transpacific trades. Carriers are implementing yield management and prioritising containers for high-yield cargo, primarily on the transpacific eastbound, but also Asian exports to Australia, Africa and Latin America, whereas, intraAsia lanes have minuscule margins, which is creating severe shortages of 40ft containers.

Customers were now being encouraged to substitute 20ft boxes for 40ft boxes, meaning both types would soon be in very short supply.

It is believed that the China-US trade war continues to have an impact, given the increasing prevalence of the `China plus one’ sourcing strategy and desire for more resilient supply chains.

Vietnam, Thailand and Indonesia have all benefited from this alternative Sample sourcing model and e-commerce is another factor in South-east Asia as consumersTEXT were buying more online as they have additional disposable income for physical goods, rather than services.

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The European Shippers’ Council (ESC) has accused ocean carriers of using the pandemic as a mechanism for gain.

And with the European annual contract renewal season about to commence, new long-term rates look set to increase substantially. Spot rates set the tone and it is expected that contract rates will go up.

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Continued from page -1 said the facility could handle eight 747 freighters daily. CSC has the capacity to handle 25,000 tonnes per month and is ordering 10 additional cool dollies.

“We are ready to handle Covid-19 vaccine. Every day we handle 300 tonnes of pharma products, including 30-40 tonnes of vaccines,” Jani said.

The unavailability of storage facilities for vaccines developed

by Pfizer and Moderna will make distribution challenging within India and will be a factor in selecting a vaccine by the government. While the Pfizer candidate needs to be stored at minus 70 degree Celsius, the one by Moderna requires to be kept at minus 20 degree Celsius.

Vaccines manufactured by Indian companies are expected to have a storage requirement of 2-8 degree Celsius. “Most of infrastructure here is geared to handle products in that

temperature range,” Jani said.

Airlines in India are also scouting for alliances with local vaccine makers and building cold storage facilities.

Ajay Singh-owned SpiceJet, which is the only passenger airline to have freighter aircraft, is planning to set up cold chains and temperaturecontrolled warehouses. “We have developed sufficient capacity for transporting Covid-19 vaccines,” an airline spokesperson said.

U.S. Exporters Coming Up Empty In Scramble For Outbound Containers Chennai

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Port Wings News Network surge in Asian imports bound for U.S. retailers stocking up for the holidays is leading to an acute shortage of shipping capacity for U.S. exporters, with agricultural producers now struggling to find the containers they need to send their products to overseas buyers, reports The Wall Street Journal.

Container shipping companies seeking to keep pace with the strong demand for goods from China are rushing to unpack and return to Asia the containers, industry officials say. That leaves fewer boxes available for American exporters to stuff with soybeans, lumber, cotton and other products.

“Right now, we are grappling with a true emergency—carriers refusing bookings for trans-Pacific agricultural exports and canceling those already booked,” said Peter Friedmann, executive director at the Agriculture Transportation Coalition, a trade body representing U.S. farmers. “We are getting locked out of foreign markets.”

The shortage is in part the result of the steep imbalance in the value of the goods moving across the Pacific. U.S. imports from China, for instance, include big volumes of electronics, apparel, toys and other manufactured goods. U.S. exports lean heavily toward bulky agricultural goods, along with food and beverages, which have a lower market value.

‘Container shortages aren’t uncommon during the busy summer months’ Container shortages aren’t uncommon during the busy summer months, but it is more intense this year and has spread to ports around the world as demand swung sharply

from record lows to record highs within a few months.

The high demand in the U.S. for imports has pushed container freight rates from China to the U.S. West Coast seaports beyond $4,000 per container while average prices to ship goods by container from Los Angeles to Shanghai in recent weeks was $518.

For carriers, that means it makes more financial sense to hustle boxes back to Asia rather than wait for them to travel inland for several weeks to reach exporters and then return to the coastal gateways.

“Demand is driven by U.S. consumers who are ordering goods like sports equipment, entertainment devices and furniture,” said Nils Haupt, spokesman for German container line Hapag-Lloyd AG . “Ships from China to the U.S. are full and there is high demand for empty boxes in China. We expect that to continue into the first quarter.”

The U.S. import surge took off in midsummer after global trade nosedived from extended city closures because of the Covid-19 pandemic. Big U.S. retailers rushed to replenish inventories that were depleted earlier in the pandemic and started pulling in more goods from Asia to stock shelves and e-commerce warehouses as consumer sales rebounded.

The Global Port Tracker report by the National Retail Federation and Hackett Associates LLC said major U.S. ports imported 2.11 million containers in September, 12.5% more than the year before and the highest monthly total in records going back to 2002.

“We are seeing more imports than ever for the replenishment of inventories and they can’t be processed fast enough,” said Gene Seroka, the executive director of

the Port of Los Angeles. “We have containers stacked six-units high and the dwell time at the terminal has almost doubled to more than four days. It’s a one-way traffic and empty boxes are the very last to be processed.”

The neighboring Port of Long Beach handled 88,903 more empty outbound containers in October than loaded container exports.

Mr. Seroka said the Covid-19 pandemic is exacerbating the situation because fewer people are working at warehouses and terminals because of socialdistancing guidelines. ‘trade imbalance is affecting ports and cargo owners’ The trade imbalance is affecting ports and cargo owners around the world. In South Korea, government officials on Thursday called in container line executives to warn them against violating contracts with Korean exporters after complaints empty boxes were sent to China on the back of the stronger freight rates there.

Freight brokers in China and Singapore said they are flooded with requests for more outbound shipments. “There is a race to book any empty container that comes in. We’ve not seen such demand in more than a decade,” said a middleman in Shanghai.

With retailers continuing to bring in goods in record numbers, industry executives expect the imbalance and the shortage in outbound equipment to continue through the holidays.

Peak season for shipping runs from August to early October, but this year “we got a peak season on steroids, that started in July and is still going,” said Steve Ferreira, the chief executive of New Yorkbased consulting firm Ocean Audit Inc.

Ocean Freight Charges Rising Rapidly Chennai

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Port Wings News Network cean freight charges are soaring worldwide. Major shipping companies are flocking to routes to the Americas after a hike in demand from the United States and this is leading to a rapid rise in charges for shipping to Europe, Southeast Asia, etc, according to Business Korea.

The Shanghai Containerized Freight Index (SCFI) jumped 8.8

percent from 1,529 to 1,664 from Oct. 30 to Nov. 6 and then to 1,857 on Nov. 13. In the second half of this year, the index is continuing to rise except three weeks.

Last week’s increase was led by rapidly increasing charges for shipping to Northern Europe, the Mediterranean and Southeast Asia. For example, the indices for Northern Europe and the Mediterranean rose 21 percent and 22.6 percent to 1,508 and 1,674 in just one week, respectively. “An

increase in consumption in the United States is leading to ship and container concentration on the United States,” said an industry source, adding, “As a result, supply to the other routes is falling to cause a rise in freight charges.”

In particular, the index for Southeast Asian routes surged from 475 to 728. In other words, ocean freight charges are going up across the world whereas American sea routes led a rise in charges this past summer.

Nov. 25th - Dec. 1st Issue

CMA CGM launches ACT with CMA CGM+ Chennai

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Port Wings News Network he CMA CGM Group, a world leader in shipping and logistics, is launching ACT with CMA CGM+, an array of solutions, helping its customers lighten their environmental footprint and make their cargo carbon neutral.

Available throughout all the Group’s shipping subsidiaries, this new offering consists of four services, enabling its customers to analyze their environmental footprint, use cleaner alternative energy sources and to offset the emissions generated during the transport of their goods.

CLEANER ENERGY LNG and CLEANER ENERGY BIOFUEL: Two solutions delivering reductions in environmental footprint CMA CGM made the groundbreaking decision to power 26 of its containerships using liquefied natural gas by 2022, and seven of these are already in service. Thanks to the CLEANER ENERGY LNG offering, customers will be able to choose to transport their goods using LNG, a novel technology that helps to preserve air quality by eliminating almost all atmospheric pollutants. Through its greater energy efficiency and the use of renewable biomethane sources, this offering also delivers a significant reduction in greenhouse gas emissions.

CMA CGM was also the first shipping group to successfully use biofuel on its containerships.

Thanks to the CLEANER ENERGY BIOFUEL offering, the Group’s customers will be able to opt for a transport solution for their goods using biofuel generated from used cooking oil.

These alternative fuel-based solutions can unlock reductions in greenhouse gas emissions of between 15% and 85%, providing CMA CGM’s customers with a wide range of solutions to decarbonize their cargo.

ECO MONITOR and POSITIVE OFFSET: Two solutions for analyzing and offsetting environmental footprints Thanks to ECO MONITOR, the CMA CGM Group’s customers will be able to keep track of their environmental footprint in real time and take action more easily using this data. This service will be rolled out from 2021. With POSITIVE

OFFSET, the CMA CGM Group’s customers can offset their emissions by contributing to Gold Standard carbon sequestration projects involving local communities.

By mixing and matching the various solutions available in the ACT range, the CMA CGM Group’s customers can make their cargo carbonneutral, while helping drive f o r w a r d the energy transition in the shipping sector, which accounts for 90% of international goods’ trade.

Marc Bourdon, Senior VicePresident, Commercial and Agencies Networks, CMA CGM Group, commented: “The CMA CGM Group has always considered its business performance as intrinsically linked to its social and environmental performance.

We have made ground-breaking decisions advancing the shift to cleaner energy and helping push the whole industry forward. Through ACT with CMA CGM+, we are sharing our energy transition solutions for shipping and providing our customers with effective solutions.”

COVID-19 Positively Impacted Use of Technology In Shipping Chennai

Port Wings News Network recent study by McKinsey has highlighted that responses to COVID-19 have speeded up the adoption of digital technologies by several years and suggests many of these changes could be here for the long haul.

Commenting on this study Alexander Buchmann, Managing Director at Hanseaticsoft says this is positive news for the shipping industry as it has traditionally been slow to embrace technology, and there are already signs things are changing.

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File photo

According to satcom specialist IEC Telecom the demand for digital technology has risen tenfold as maritime businesses embrace new ways of working during the coronavirus pandemic.

Alexander Buchmann says, “The business world increasingly relies on technology but there has been reluctance by many in shipping to change their ways of working and make use of digital solutions.

This year though COVID-19 has prompted them to find ways to operate more efficiently and make cost savings, which has led many to turn to cloud technology.

“As shipping grapples with

the rapid pace of technological change and the economic fallout from the pandemic, the use of modern software solutions can help owners navigate the challenges ahead. Unable to control external factors, we are seeing shipping companies focus on improving their internal operations, including their commercial activity and fleets, to strengthen their business.

“To do this effectively, the ability to manage and analyse vast amounts of data has become business critical and more shipping companies are investing in innovative technologies such as cloud-based software designed to help them reduce their costs and reclaim time. It can also help them become more competitive.”

In a 2017, McKinsey found that nearly half of executives ranked cost savings as one of the most important priorities for their digital strategies. In 2020, they say only 10 percent view technology in the same way. While it stays true that the use of innovative technology increases efficiency, streamlines processes and this way saves costs, more than half of respondents now see technology’s core value in modernising their capabilities and in gaining the competitive advantage.

Cloud-technology is helping companies save time, reduce costs and become more competitive.

Alexander Buchmann says, “Cloud technology has had a significant impact on the way we handle, store and access data. The core value is simplicity. As data is centrally stored in the cloud, all that is needed to access relevant information is an internet connection, regardless of time or location. This enables users to work more effectively without

having to request anything from colleagues or IT, ideal for employees that are working remotely.

“What’s more, this centralisation of data also removes boundaries (i.e. data silos) caused by using different systems. Thanks to the cloud, data from various sources is easily connected and can be analysed to gain deeper insights. As a result, employees spend considerably less time looking for information or browsing through several applications.

“Cloud-based solutions help companies reduce their IT spend too. Instead of buying hardware and managing servers, the software vendor handles all of that and capex is reduced significantly. Having a centralised pool of information also makes it easier to evaluate data and calculate KPIs, either by exporting data to software solutions or using advanced solutions that do it automatically.

“We expect many more shipping companies will realise the potential of cloud-based software and mobile apps, where employees can access data they need from any device and from any location. This can completely transform business processes and operations including procurement, maintenance and managing crews on and off shore, helping companies on the road to recovery.”

Hanseaticsoft’s Cloud Fleet Manager (CFM) software is helping shipping companies with their digitisation, automating their processes and creating connected workplaces that support strategic business goals. The company says 25% of daily working time can be saved by using CFM which would be otherwise be wasted by companies searching for and validating data.

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Abu Dhabi Ports, DNV GL Sign MoU to Transform Emirate’s Maritime Ecosystem Chennai

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Port Wings News Network bu Dhabi Ports, part of ADQ, one of the largest holding companies, have signed a MoU with DNV GL, the world’s largest consultancy of independent maritime and energy experts, to accelerate the sustainable development of Abu Dhabi’s maritime ecosystem.

Under the terms of the agreement, both companies agree to work together in advancing the digital transformation and further economic development of Abu Dhabi’s maritime sector, through the deployment of leading-edge innovations including autonomous technology, AI, machine learning, electrification, as well as logistics and supply-chain authentication based on blockchain.

The partnership also creates opportunities to encourage Emirati graduates to pursue a career in Abu Dhabi’s maritime trade ecosystem by offering research and development opportunities in the field of decarbonisation, such as alternative fuels and renewable energy usage.

Commenting on the MoU, Captain Mohamed Juma Al Shamisi, Group CEO, Abu Dhabi Ports, said: “A vital aspect in Abu Dhabi’s

philosophy is constantly researching and developing smarter ways to do things, and then integrating them into our local environment.”

Captain Mohamed Juma Al Shamisi stated: “Abu Dhabi Ports’ strategic partnership with DNV GL ensures our emirate elevates its status as a world-leading maritime centre in the years ahead. Through the guidance of our wise leadership, we are committed to instilling a new generation of Emiratis with a strong

ethos that values a sustainable model for economic growth, and embraces decarbonisation and digitalisation across the entire maritime and logistics supply chain.”

Remi Eriksen, CEO and Group President, DNV GL, said: “It is an honour for DNV GL to support ADPC in achieving its strategic vision. Digitalisation and decarbonisation are important themes in shaping a maritime industry that are future fit, and by working together we will maximise the impact. We are looking forward to working with the leadership of Abu Dhabi Ports and being a partner in this transformational journey.”

CMA CGM’s Strong Performance Amid Shipping Recovery In Q3 Chennai

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Port Wings News Network rench shipping group CMA CGM has reported $567 million in profit in the third quarter of 2020 amid a “marked recovery” in container volumes.

CMA CGM’s Board of Directors met Friday to review the financial statements for the third quarter of 2020.

“The third quarter business activities saw a marked recovery in demand for transportation of goods, following the scaling back triggered by the Covid-19 pandemic during the first half of the year,” CMA CGM said in a statement.

Group revenue was up by more than 6% during the third quarter of 2020 compared with the third quarter of 2019, reaching a level of USD 8.1 billion. Meanwhile, net Income grew to USD 567 million, compared with USD 45 million during the third quarter of 2019 and USD 136 million during the second quarter of 2020. Strong performance helped boost operating cash flow to over $1.8 billion, up more than $814 million from the third quarter of 2019.

EBITDA also improved to $1.7

billion, representing a 68% increase compared with the third quarter of 2019.

“In a favorable market environment for our industry, the Group reported very strong financial and operating performances due to the full commitment of its teams,” said Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group. “Our shipping activity has seen a significant increase in volumes transported compared to the second quarter of 2020, and CEVA’s transformation plan starts to bear fruit. This crisis has also demonstrated the solidity of our business model and demonstrated the relevance of our strategy, combining logistics solutions with transport offering. In a context of strong demand for the coming months, we will continue to respond with agility to the needs of our customers.”

CMA CGM noted that a highlight from the quarter was delivery of its new flagship, the LNG-powered CMA CGM Jacques Saade, and rolling out its plan to expand its LNG-powered fleet to 26 vessels by 2022.

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Nov. 25th - Dec. 1st Issue

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Cargo Vessels And Cruise Ships Line Up For Scrapping Chennai

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Port Wings News Network argo ships and cruise liners are being scrapped in growing numbers as operators hit by the fallout from the coronavirus pandemic look to turn their unemployed vessels into cash in the recycling market, reports WSJ. Car-carrying vessels and ironore haulers lead the burgeoning fleet heading for demolition. Cruise ships, still idled by the restrictions imposed at the start of the pandemic, are joining the lineup at shipbreaking yards, where the vessels are pulled apart for their steel.

The ship operators are trying to repair balance sheets that were battered by the global industrial downturn earlier this year, when factory shutdowns—starting in China and spreading throughout large parts of the world—brought a swath of shipping activity to a halt.

Vehicle sales crashed last spring along with the commodities market as China, the biggest raw-materials importer, closed down to fight the illness. Continuing bans on cruises has left dozens of luxury liners idle as storage costs have mounted.

Manufacturing activity around the world has recovered this fall and automotive sales have rebounded. But global vehicle sales are still expected to fall below last year’s 75-million tally to around 62 million this year, according to data provider Statista.

“Last spring was a very difficult period for car movers,” said Emanuele Grimaldi, a co-owner of Italy’s Grimaldi Group SpA, which operates a fleet of car carriers and heavy equipment movers. “I returned six chartered ships back to their owners and scrapped two of our own.”

Overall ship demolitions through October stood at 557, compared with 889 in all of 2019, according to U.K.-based maritime data provider VesselsValue. This year’s figure is far below the 1,996 vessels recycled in 2012, when a huge overhang of shipping capacity was taken out following the 2008 financial crisis.

Scrap sites were closed for three months this year, however, and ships began heading to the demolition process known as breaking as the yards reopened.

“In the second quarter, you had too many ships chasing too little cargo,” said Anil Sharma, the chief executive of U.S and Dubaibased Global Marketing Systems, which buys more than half of all ships heading for recycling yards.

“Although the new-ship order book is pretty balanced, demand for shipping services fell off a cliff during the period.”

Rising prices for steel in scrap markets this fall have also shifted economic calculations for some ship operators.

Shipowners say the damage to their finances from the earlier

shutdowns remains.

“India is offering around $370 per ton of steel, up around 30% from the second quarter, but cruise shipowners are getting clobbered, with offers as low as $100 per ton, because of high demand,” Mr. Sharma said. “The ships are docked in Greece waiting for a slot [at a yard] in Turkey that can take months.”

Vessel operators can typically get about 20% of the original purchase price for a 25-year old ship by selling it to recycling companies.

With lending markets tight, owners see the scrap market as a potential source of cash for a shipping industry that will need to invest billions in coming years to develop a new generation of environmentally friendly ships.

VesselsValue says 22 ore carriers have been sold for scrapping this year compared with a dozen last year and two in 2018. Ten cruise ships were sent to recycling this year after nine were demolished over the previous two years combined.

Car carrier demolitions stood at 28 this year, matching a 2016 high in records dating to 2012.

Shipping executives said those three ship types represented roughly half the overall recycled tonnage this year. Several container ships were also contracted to be scrapped, but were pulled back as demand to move goods surged starting in late summer thanks to rebounding manufacturing and consumer economies.

Box Shipping Rates up on Container Shortages and Strong Demand Chennai

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Port Wings News Network ontainer shipping freight rates have spiked and are expected to continue going up on the back of severe container shortages as well as robust demand both on the Asia-Europe and transpacific trade lanes.

This week, the Shanghai Container Freight Index (SCFI) spot rate index to Europe rose sharply, with Northern Europe rates up 21% and Mediterranean rates up 23% - potentially with more increases ahead, according to Lars Jensen, ceo and of SeaIntelligence Consulting.

“This means that both these trades are now at rate levels which have not been seen since early 2014.

And more increases might be in store,” Jensen forecast.

Hapag-Lloyd, for instance, has announced FAK rate levels on East Asia-Europe at $1,110 per teu as at 1 November 2020 – a level they had maintained since July.

However, from 15 November, this was raised to $1,445 per teu, almost matching the increase seen

in the SCFI this week.

From 1 December, the FAK rate will increase to $2,445 per teu. “Hence if the market strength continues we could be in store for an Asia-Europe rate increase of $1,000 per teu over the next two weeks, which would bring the SCFI rate into an all-time record, just as we have seen with the other deepsea trades,” Jensen said.

Jensen further observed that the rate levels from Shanghai to Singapore continue their “extreme increase” this week as well. “We are now at $728 per teu – compared to just $170 per teu three weeks ago and $131 per teu six weeks ago.

Spot rates to Australia, West Africa and East Coast South America all continued to set new all-time records since SCFI was launched in 2009,” he said.

South Korean carrier HMM noted that while the fourth quarter is a traditionally low season for container shipping, demand volumes are anticipated to remain strong as retailers in the US and Europe have continued to replenish inventories ahead of the year-end holidays and the

Chinese New Year in February 2021.

“The scarcity of container equipment, which has negatively affected the main east-west trade lanes, currently spreads to the intraAsia trade. It has caused an increase in freight rates in recent weeks in the intra-Asia market, coupled with a backlog of containers sparked by blank sailings and vessel delays since China’s Golden Week period in last October,” HMM stated.

The container shortage is especially severe for the fortyfoot equivalent unit (feu) due to its “strongest increase in demand following one of the strongest decreases in demand ever” within six months, according to HapagLloyd.

SeaIntelligence wrote: “As the freight rates at the same time are reaching record levels on the Asia export trades, the carriers are clearly prioritising to get empty containers shifted back to Asia as fast as possible – even to the degree where they are willing to forego viable export cargo, as that would serve to slow down the repatriation of empty containers.”

APEDA Organizes Virtual Buyer Seller Meets With Potential Importing Countries Chennai

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Port Wings News Network he Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industry facilitates export of its scheduled products through several export promotional activities, such as organizing International Buyer Seller Meets, participation of exporters in leading trade events in the potential importing countries, and product promotion programmes in specific markets. These initiatives have popularized the Indian agri products globally and facilitated exporters to reach the global market.

During the COVID 19 pandemic period, physical meetings and market promotion programmes were not possible. In its endeavour to promote export of Agri products, APEDA explored the virtual medium and continued its initiative of export market promotion by organizing several Virtual Buyer Seller Meets (VBSM), in collaboration with the Indian Missions abroad.

During April to October 2020, APEDA organised Virtual Buyer Seller Meets (VBSM) with potential importing Countries such as UAE, South Korea, Japan, Indonesia, Kuwait and Iran, for product promotion of all APEDA Products.

Besides, product specific Virtual

Networking Meets were also organised with Countries such as Singapore, Russia, Belgium, Switzerland, Sweden & Latvia for fresh fruits and vegetables, with Canada for organic products and with USA and UAE for GI products.

These Virtual Meetings provided a platform for interaction between the India exporters and importers on the strength of India in export of agri products such as Basmati and Non Basmati Rice, Grapes, Mangoes, Banana, Pomegranates, Fresh vegetables, Organic products etc.

These events are expected to further strengthen the confidence of the Importers in Indian agri products to facilitate exports.

Shipping Industry’s CO2 Footprint Projected To Grow Despite Efficiency Gains Chennai

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Port Wings News Network n ageing fleet of ships and historically low levels of newbuild activity present significant challenges to the International Maritime Organization’s goal of reducing overall CO2 emissions from the shipping industry.

The latest analysis of CO2 emissions based on vessel tracking data (AIS), vessel specification data and the vessel order book

by Swedish big-data firm Marine Benchmark shows that CO2 emissions will continue to rise and track fleet growth. This is because most of the efficiency gains possible by the shipping industry to drive down its carbon footprint over the past decade have already been made; the proportion of eco-ship newbuildings entering the global fleet are projected to drop to historic lows; and the use of LNG as a transitory fuel remains relatively small.

According to Alastair Stevenson, Head of Digital Analysis at Marine Benchmark, the current lack of investment in modern tonnage and a potential economic rebound implies lower ship scrapping activity over the next couple of years.

“We’re going to see older and older vessels on the water and the impact of the marginal gains already made from running ships more

efficiently have already been felt.

To bring down absolute emissions without impacting global trade, scalable low carbon fuels and new ships and engines to run them are needed. However, many shipping investors are sitting on their hands waiting for technological breakthroughs and regulatory certainty. The implications are that the shipping industry cannot deliver an absolute reduction in CO2 emissions by 2030.”

Although the shipping industry has reduced its carbon intensity by more than 30% since 2008, overall CO2 emissions from the sector have risen by an average annual rate of 2.1% to reach 800mt in 2019. The current pandemic has weakened this growth to 1.7% as emissions in the first nine months of 2020 have fallen by approximately 2% from 2019 levels. This is despite slower steaming speeds, the increased economies of scale of larger vessels, eco-vessel designs and the use of LNG as a fuel.

82% of international emissions from shipping are produced by tankers, bulkers and container vessels. Between 2011 and 2019, these emissions grew at 3%pa, 2%pa and 0%pa, respectively. Over the same period, capacity increased 4% pa in each of these sectors.

The research was undertaken in partnership with Simpson Spence Young (SSY), the world’s largest independent shipbroker.

Automation of Cargo Clearance Processes To Improve Trade Facilitation: ADB Chennai

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Port Wings News Network xpeditious cargo clearance with minimal physical interface for an efficient supply chain and quick adoption to digitisation would help countries within South Asia to improve trade amidst the pandemic even as the national lockdowns have begun to ease, according to an Asian Development Bank (ADB) blog post, according to The Economic Times.

The pandemic has underscored the importance of trade facilitation within South Asia and with the region’s neighbours, said the blog written by Aileen Pangilinan and Satish Reddy.

“As national lockdowns begin to ease and supply chains resume operation, difficulties in cargo movement and clearance processes are expected to linger.

“A look at the South Asia Subregional Economic Cooperation (SASEC) countries “Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka” shows the importance to recovery of effective and modern trade facilitation measures,” they said in the blog.

Trade facilitation -- the measures to promote and ease trade -- was already underway in SASEC countries when the pandemic started.

However, the customs agencies during the height of COVID-19 found it difficult to position staff at clearance locations, said the blog writers.

Thus border crossings couldn’t function efficiently while the private sector, including importers, exporters, customs brokers and freight forwarders struggled to mobilise staff, as per the blog.

They also experienced difficulties meeting clearance requirements like providing original documents and

paying duties at the bank. These bottlenecks affected the movement of goods and services, including time-sensitive products like medicine and relief goods, it added.

“Automation of clearance processes, which should have played a greater role in helping cargo move seamlessly across borders, with limited need for human contact, affords an example of the gaps in trade facilitation progress. The writers said there is inadequate digitisation in many of the cross border regulatory agencies as well as lack of digital connectivity among these agencies, ports and terminal operators and shipping lines that has further hindered ow of cargo.

The pandemic has underscored the importance of trade facilitation, particularly for responding to crisis.

“The need to clear cargo expeditiously, with minimum physical interface and to maintain efficient supply chains, has highlighted the need for an enhanced trade facilitation environment,” they said.

Besides, the pandemic has highlighted the need to institutionalize business continuity protocols, cross-border pandemic management protocols, and workplace and staff safety procedures.

Reforms such as automation and zero-contact customs clearance procedures , enhanced staff health protocols, new task forces to assist trade among others were deployed but the pandemic exposed core bottlenecks in trade facilitation processes across the subregion, ADB blog said.

Although the SASEC countries have made progress in automation, there is still a need for physical interfacing and paper filings, which is difficult during the pandemic, the writers said.

Nov. 25th - Dec. 1st Issue

Revised policy for CFS/ICD/AFS Will Address Overcapacity Concerns in Industry: ICRA Chennai

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Port Wings News Network he Central Board of Indirect Tax and Customs (CBIC) has notified revised policy and guidelines for setting up of Container Freight Stations (CFS), Inland CONTAINER Deport (ICD) and Airfreight Stations (AFS).

The revised policy aims to boost investment in CFS/ICD sector in underdeveloped regions in India, while the approvals in regions where already high concentration is there will be discouraged except in exceptional cases.

The locations will be classified as Green, Blue or Red. While, the green zone will be the locations where the ICD/CFS concentration are low and will be open for new proposals, in case of blue zones the proposals will be accepted only based on specific trade generating locations and in red zone, the new proposals may not be accepted, except in exceptional cases. Further, there are also distance norms between two facilities and from ports. The approvals will be in consonance with national logistics policy/action plan.

Commenting on the policy, Mr. K Ravichandran, Senior Vice President and Group Head, Corporate Ratings, ICRA, said: “the new policy considers the issues faced by the sector; including regional disparities in concentration of facilities, with high concentration of CFS in Western and Southern regions and the adverse impact

of new initiatives like Direct Port Delivery (DPD)/ Direct Port Delivery (DPE) on the CFS sector.

While, the impact on volumes due to DPD implementation has stabilised

implementation of schemes like DPD/DPE and other automation and efficiency improvement measures; and also, the infrastructure developments like Direct Freight

File photo

to some extent, the margins have witnessed pressure and with growing investments in warehousing space, only CFS players with larger logistics offerings allowing them to re position their services will be able to continue in the long term. Hence, the zoning and distance rules in the revised policy will aid in more balanced development in the sector and prevent concentration of facilities which will improve the viability of existing/ upcoming facilities by reducing competitive pressure.”

ICRA notes that the revised policy has factored the developments in the sector in the last two decades, including the growth in volumes during this period; geographical concentration of CFS/ICD;

Corridor and inland waterways.

On the forward looking aspects of the policy, Mr. Sai Krishna, Assistant Vice President and Associate Head, Corporate Ratings, ICRA added: “the policy also aims to encourage development of facilities along infrastructure corridors like railway freight corridors and inland waterways, which will complement Gov’t aim on improving multi modal transportation and logistics in India.

These coupled with the zoning and distance guidelines should aid in more rational and balanced capacity additions in these segments going forward, which should also be favourable for the credit profile of the companies in the sector in medium to long term”

India’s Contribution to the Global Economic Recovery Chennai

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Port Wings News Network iscussions regarding a K-shaped recovery from COVID-19 highlight disparities across different commodity sectors. India seems to be experiencing its own version of this, with some areas improving faster and stronger than others, says Platts.

Decreased importation costs have served as a tailwind to help India.

Energy accounts for about one-third of India’s total imports, and as crude oil prices collapsed around the world from the simultaneous demand and supply shock.

India found that the cost of doing business dropped significantly.

Most commodity prices dipped in the first half of the year, following moves in other asset classes. Exhibit 1 shows the YTD and October 2020 performance of the 24 constituents in the S&P GSCI. Grouped by sector, the negative YTD performance of the energyrelated commodities clearly stands out; however, the other sectors seem to be rounding the turn.

Before dissecting the current situation, it is important to put India’s trade relationships and major commodity exports and imports in a global context. With China’s dominance in world trade, it would be intuitive to think it has an outsized

trading relationship with India, but China only made up approximately 15% of total imports as of 2018.

China is India’s largest trading partner, but after that, imports are more evenly distributed across many trading partners. The most prominent destination for Indian exports is the U.S. Approximately 20% of exports to the U.S. consist of diamonds, jewelry, and precious metals.

Crude petroleum and gasoline have traditionally made up 25% of India’s imports. Crude petroleum imports fell dramatically from April 2020 through July 2020, as the Indian government enacted one of the

world’s most stringent lockdowns in response to COVID-19. While weaker global oil prices have been beneficial, the pickup in demand has been slow. Crude petroleum imports recovered notably in August but remain well below previously levels. On a positive note, gasoline demand hit a seven-month high in September.

Gold imports have also fallen sharply since March. According

to the World Gold Council, gold demand in India fell by 30% during Q3 2020, compared with the same period last year, due to COVID-19related disruptions and surging gold prices.

While this was an improvement from demand in Q2 2020, which was down 70% year-over-year, it continues to reflect weak consumer sentiment, ongoing lockdown restrictions, and record gold prices.

From an export perspective, there may be some signs of improvement, especially for agricultural commodities.

Global demand for rice and sugar is expected to grow, and both are commodities that have seen increased production in India in recent years. Bumper wheat crops over recent years also put India in a strong position to take advantage of surging global wheat prices.

When looking for clues to where an economy may be recovering or taking another turn for the worse, commodities tend to be good indicators of what is improving or deteriorating.

The S&P GSCI provides market participants with a useful tool to reference when attempting to understand commodity markets, just as the S&P 500® is used to showcase U.S. equity market performance.

5

DGS: Ministry Of Shipping Works Towards Removing Restrictions On Ship Ownership Chennai

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Port Wings News Network ith a view to increasing tonnage under its flag, the Union Ministry of Shipping is working towards removing a slew of restrictions on ship ownership in the country, At the inaugural session of the two-day virtual expo, Inmex SMM Virtual Expo, India’s first-ever virtual maritime exhibition and conference, the Director General of Shipping (DGS) Amitabh Kumar, made these announcements on 19 November 2020.

The DGS said: “It is our aim to make the rules more ownerfriendly, so that more companies enter the field, and current owners have reason to flag their ships in India.”

“In fact, we are looking closely at the gamut of shipping activities, including ownership, shipbuilding and seafarer training, in our Vision 2030 document that seeks to define shipping in the country over the next decade,” Amitabh Kumar added.

India would be undertaking the huge task of reducing carbon emissions to the extent of 85%; and that Shipping Ministry had taken a conscious decision to encourage the design and operation of energyefficient vessels, and to use them extensively at Indian ports, Amitabh Kumar said.

Earlier, Amitabh Kumar’s predecessor at the DirectorateGeneral of Shipping, Dr Malini V Shankar who, post-retirement, took the role of Chairperson of

the National Shipping Board (NSB) and Vice-Chancellor of the Indian Maritime University, said that the Covid-19 pandemic had not halted shipping, but actually taught companies to adopt several innovative ways of improving their performance.

Dr Malini Shankar said: “Shipping corporates have reinvented themselves.” “Proof of this is the fact that the national carrier, Shipping Corporation of India (SCI), has made enhanced profits in the first two quarters (April to June, and July to September 2020) of the ongoing financial year.”

Dr Malini Shankar, who heads the highest advisory body on matters related to Indian shipping and those arising out of the Merchant Shipping Act, advocated Sea Congress, which she said would give a fillip to the Indian shipping industry.

The welcome address to the Inmex SMM Virtual Expo was delivered by Yogesh Mudras, managing director of Informa Markets India, organisers of the event, which was South Asia’s largest maritime exhibition and conference, and had attracted over 5,000 trade visitors last year.

The Inmex SMM Advisory Board chairman, Sabyasachi Hajara, who retired in 2015 as chairman and managing director of SCI, delivered the opening address and announced the launch of the Inmex Maritime e-newsletter which would keep all maritime stakeholders posted of the latest developments in Indian shipping.

IMO Recognizes Indian Regional Navigation Satellite System Chennai

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Port Wings News Network he International Maritime Organization (IMO) has recognized the Indian Regional Navigation Satellite System (IRNSS) as a component of the World-Wide Radio Navigation System (WWRNS) for operation in the Indian Ocean Region, reports BusinessLine.

IRNSS is an independent regional navigation satellite system developed by India to provide accurate position information service to assist in the navigation of ships in Indian Ocean waters.

The Directorate General of Shipping (DGS) initiated the matter with the IMO for grant of recognition to IRNSS as a component of the World-Wide Radio Navigation System (similar to GPS and GLONASS).

Details of the tests carried out on merchant ships concerning the accuracy of the system was included in the report prepared by

Indian Space Research Organisation (ISRO) which was submitted to IMO for consideration.

After detailed analysis, the sub-committee on Navigation, Communications and Search and Rescue recommended to the Maritime Safety Committee of IMO for accepting the IRNSS as a component of the World-Wide Radio Navigation System.

The Maritime Safety Committee of IMO during its recent meeting held from 4 to 11 November approved the recognition of IRNSS as a component of the Worldwide radio navigation system, a government statement said.

This will enable merchant vessels to use IRNSS for obtaining position information similar to GPS and GLONASS to assist in the navigation of ships in ocean waters within the area covered by 50°N latitude, 55°E longitude, 5°S latitude and 110°E longitude (approximate up to 1,500 km from Indian boundary).

Visit

www.portwings.in for Latest News

6

Vessel Position at Terminals - (25.11.2020 To02.12.2020)

Nov. 25th - Dec. 1st 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

28/11

29/11

PIC-2

SSL GUJARAT

90

SHR

HAM, LEH, LGP, ANR, TNG, RTM, MUN, JED

26/11

27/11

CI3

ATHENS BRIDGE

113E

ONE

Port Kelang(North port), Singapore, Shanghai

30/11

1-12

ECH

SSL KOCHI

SHR

CGP, HAL, PRT, KAK

30/11

01/12

ADHOC

PIRA BHUM

504

RCF

30/11

1-12

ECC

SSL SABARIMALAI

SHR

VTZ, CCU, KRI, KAT

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

28/11

29/11

MD1

TRF KAYA

1697W/1697E

BTL

Krishnapatnam, West Port Klang , Singapore, Cailan, Busan, Ulsan, Shanghai, Ningbo, Yantian

02/12

03/12

TCXNEW

XIN QIN HUANG DAO

062

CCO

Chennai WestPort Klang, North Port Klang, Singapore, Laem Chabang

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

24/11

25/11

ADHOC

ASIATIC MOON

36W

GOL

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

25/11

26/11

CCG

MESSINI

107

EMC

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

HMM

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

25/11

26/11

ACS

HYUNDAI COLOMBO

113W

26/11

27/12

ACS

HYUNDAI DUBAI

001W

HMM

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

26/11

27/12

ADHOC

BLPL BLESSING

2022

ELP

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

27/11

28/12

ACS

HYUNDAI SHANGHAI

123W

HMM

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

28/11

29/12

TCX

GLEN CANYON BRIDGE

115

ONE

Chennai WestPort Klang, North Port Klang, Singapore, Laem Chabang

29/11

30/12

BULK

IVS PEBBLE BEACH

1

ISP

01/12

2-12

TCX

XIN QIN HUANG DAO

62

ONE

Chennai, WestPort Klang, North Port Klang, Singapore, Laem Chabang

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin 24/11

25/11

ADHOC

MV.MSC IRIS

XA046A

REUNION, TUTICORIN, MUNDRA

MSC

25/11

26/11

BOX

MV.X PRSS COTOPAXI 2

2003S

BTL

COLOMBO, TUTICORIN, COLOMBO

27/11

28/11

TCS

MV.VLADIVOSTOK

1605

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

28/11

29/11

TUX

MV.OEL SHARVAN

20175S

TRANSWORLD FEEDER

COLOMBO, TUTICORIN, COLOMBO

NSICT - Mumbai ETA

ETD

Service

Vessel Name

25/11

26/12

BLUENILE

MARIA SCHULTE

MSK

27/11

27/12

MIDAS

FRISIA AMSTERDAM

MSK

27/11

28/12

AIM

MONTPELLIER

HLI

27/11

28/12

BMM

VIRGO

EMS

28/11

29/11

MWE

SPHENE

MSK

Colombo, Damietta Piraes Rotterdam, London

29/11

30/11

MECL

MAERSK ATLANTA

MSK

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

29/11

30/11

CSC

HAYDN

SMM

1-12

2-12

ME2

ORCA I

MSK

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

2-12

3-12

MESAWA

CPO NORFOLK

CCA

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

SBG

Colombo, Damietta Piraes Rotterdam, London

02/12

03/12

IEX

Voy

Agent/Line

XIAMEN

Calling Ports Nhava Sheva, Mundra, Port Qasim, Singapore

VCTPL, Vizag ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

25/11

26/11

FME

ZANTE

082E

RCL

Port Kelang(North port), Singapore, Shanghai

25/11

26/11

VKS

SSL KOCHI

193N

SSL

25/11

26/11

CVK

MSC ISHYKA

XA045A

MSC

1-12

2-12

MDM

TRF KAYA

1697E

BTL

1-12

2-12

CCG

THORSKY

4

SMI

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

2-12

3-12

CHX

KOTA LATIF

047W

MSK

Ennore, Krishnapatnam, Visakhapatnam, Tanjung Pelepas...

2-12

3-12

VKS

SSL KOCHI

193S

SSL

03/12

04/12

CVK

MSC ISHYKA

4-12

5-12

MDM

CAPE MAYOR

17698E

WHL

04/12

05/12

FME

KMTC MUNDRA

20005E

KMTC

Port Kelang(North port), Singapore, Shanghai

05/12

06/12

IEX

XIN YAN TAI

2044E

COS

Colombo, Damietta Piraes Rotterdam, London

MSC

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 ETA

ETD

Service

Vessel Name

Voy

Agent/Line

29/11

30/11

KAK>IXZ

TCI SURYA

746

SAMSARA

30/11

1-12

KAK>CMB

RHL ASTRUM

SAMSARA

Calling Ports

Halida, Colombo

APM Terminal - Mumbai ETA

ETD

Service

Vessel Name

27/11

28/11

FM3

3-12

4-12

2-12

Voy

Agent/Line

Calling Ports

BEIJING BRIDGE

MSK

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

MINA

NINGBO EXPRESS

HLI

Jebel Ali, Mundra, Hazira, Nhava Sheva

3-12

CWI

TESSA

ESA

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

29/11

30/11

CWX

BELLATRIX I

SEC

28/11

29/11

CIX

GREEN HARMONY

HLI

Jebel Ali, Mundra, Hazira, Nhava Sheva

5-12

6-12

ME3

MAERSK KIEL

MSK

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

3-12

4-12

UIG

SAFEEN ORYX

BTL

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

27/11

28/11

ASX

NAGOYA TOWER

TWF

Jebel Ali, Mundra, Hazira, Nhava Sheva

30/11

1-12

CIX3

XIN HONG KONG

COS

Jebel Ali, Mundra, Hazira, Nhava Sheva

25/11

26/11

PS3

HYUNDAI BANGKOK

HMM

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

26/11

27/11

CWI

E R FRANCE

AMP

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

26/11

27/11

MINA

CMA CGM MOLIERE

CCA

Jebel Ali, Mundra, Hazira, Nhava Sheva

28/11

29/11

ME3

MAERSK KAMPALA

MSK

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

Welspun One Logistics Parks Close To Several Deals For New Warehouses Hyderabad Port Wings News Network elspun One Logistics Parks is in advanced stages of closing several deals to take up warehouses in Chennai, Bengaluru, Delhi and other locations in the country, reports BusinessLine.

The logistics firm, which had outlined plans to invest Rs 900 crore in a warehouse facility at Bhiwandi in Mumbai, which will eventually have over 3.2 million square feet of built-up warehouse space, expects to add a few more warehouses by the end of next year.

“The company expects the country’s warehouse space to gradually transition into a modern network where warehouses no longer are merely storehouse spaces but have become mini factories,” said Anshul Singhal, Managing Director of Welspun One Logistics Parks, during an interaction with BusinessLine.

According to Singhal, a lot is going right for the rapidly-expanding warehouse sector in the country, which added about 40 mn sq ft of space last year, and has attracted investment commitments of over $5 billion. It was slightly behind the office space addition last year showing momentum in this space.

“In south India, we are particularly focused now on growing the Bengaluru and Chennai markets, following this up with Hyderabad. We are looking to expand organically by acquiring land and developing warehouses while also scouting for potential inorganic approach, which could lead to some acquisitions,” he said.

“We are looking at taking the total warehouse capacity to over 10 mn sq ft within four-five years. As we talk, we are in advanced

W

stages of finalising land transactions in some of the major metros of the country. We also see the emergence of some Tier II cities as warehouse hubs,” he explained.

The implementation of GST in 2017 has been a turning point for the country’s warehouse sector, where the focus now is on building Grade A warehouses rather than looking at merely having storage spaces which were seen as godowns. “Earlier, the model was simple, where we have had storage spaces in each State and goods were moved from one destination to another. Now, it is different with the growth of e-commerce in the country,” he said.

E-commerce has scripted a new approach where people want goods delivered in days and at some locations within hours, he pointed out. This will also lead to smaller warehouses coming up within cities to service local requirements, he said. “Alongside the growth of warehouse spaces in the larger metros, and their peripheral areas, we also visualise a situation where there will be big growth of warehouses in Tier II cities. Cities like Indore, Pune, Coimbatore, Vizag, and Thiruvnanthapuram, among a host of others, will see the setting up of warehouses to serve the local markets,” he explained.

The sector, which is a major employment creator, has huge potential to attract investments, he said. “Globally, warehouse business is seen as a clean and sustainable business that attracts huge investments. The Government and the RBI have cleared all the hurdles for attracting FDI in warehousing business. Now, 100 per cent FDI is allowed in the warehousing sector, and warehousing has been accorded industry status; these augur well for the growth of the sector,” he said.

Nov. 25th - Dec. 1st Issue

Russian Railways Sent First Container Train with Japanese Cargo to Europe via Trans-Siberian Chennai

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Port Wings News Network s part of a joint project between Russian Railways and Ministry of Land, Infrastructure, Transport and Tourism of Japan, the first full-length container train carrying Japanese cargo departed from Vladivostok to Europe via the Trans-Siberian railway on November 18.

The train consists of containers with a wide range of goods: medical equipment, chemicals, motor and climate-control equipment, power tools, compressors, and more.

The containers were shipped from several ports in Japan (Hakata, Kobe, Toyama, Yokohama) and consolidated as part of the regular FESCO maritime service on one vessel that arrived at the Commercial Port of Vladivostok on November 16.

Customs processing in the port, the preparation of transit documents, and the composition of container train were done in the shortest time possible-just two days.

The train will run the Russian railways network on a specially developed schedule; then it will be transferred to the Belarusian Railway and will arrive at Brest border station with Poland, where the containers will be loaded onto a narrow-gauge train before going on to their destinations in Europe, including Belgium, Netherlands, Germany, and Poland.

Logistics assistance is provided

by RZD Logistics (a subsidiary of Russian Railways) and FESCO which offer intermodal transit service Trans-Siberian LandBridge for express delivery of goods by the Trans-Siberian railway.

This transportation is the next stage of the project of test container shipments that demonstrates the capacities and advantages of the Trans-Siberian route. It was

organized as a result of effective international cooperation between Russian Railways and the Ministry of Transport of Japan and Japanese forwarders, Belarusian and Polish railways, and other participants.

‘Russian Railways is constantly working to improve technologies for delivering cargo. Our Japanese clients have already seen for themselves the high quality of service, speed, and safety of transportation. The dispatch of a full-unit container train is more evidence of the high competitiveness of Russian railways. This was also facilitated by a stable tariff policy: tariffs for transit traffic have not increased in the past ten years. In addition, additional opportunities are opening up to increase traffic from Japan and other countries of the Asia-Pacific region to Europe thanks to the decision of the Russian government to subsidize the transit transportation of containers when shipped from ports in the Far East,’ said Deputy General Director of Russian Railways and Head of the Centre for Corporate Transport Services Alexey Shilo.

The Trans-Siberian LandBridge service significantly reduces cargo transportation times when compared with traditional sea routes. Delivery from the ports of Japan to the ports of Europe via the Suez Canal takes up to 50 days, while using the TransSiberian multimodal route cuts that time in half.

Russian Railways Joined German-Russian Initiative for Digitalization of the Economy A ceremony for new members of the German-Russian Initiative for Digitalization of the Economy (GRID) took place as part of the Digital Transformation of the Mobility Sector online conference.

Its main topic was innovative development and the prospects for digital transformation of the

transport industry in Russia.

Russian Railways was represented at the conference by Director of Information Technologies Evgeny Charkin.

‘Accession of Russian Railways to the German-Russian initiative for the digitalization of the economy is a logical step towards developing the company’s interaction with its German partners, with whom we are already working together in the logistics sector, in the creation of modern rolling stock and personnel training. We are joining GRID, first and foremost, to get the opportunity to exchange experience in the field of digital transformation,’ said Charkin.

GRID was created during the St. Petersburg International Economic Forum in 2017, initiated by the cooperation and partnership agreement between the Russian Union of Industrialists and Entrepreneurs and the Eastern Committee of the German Economy.

The main goals of the initiative are to start Russian-German dialogue on applying the best global practices in the field of digitalization and Industry 4.0, accelerate the digital transformation of the Russian economy, and increase the competitive advantages of German and Russian high-tech products through the exchange of experience and the strengthening of practical interactions between enterprises of the two countries.

On the German side, GRID includes Siemens, SAP, Bosch, and Volkswagen; from Russia, it includes Rostelecom, Skolkovo Foundation, Tsifra Group, TMK, Sinara Group, Rostec Corporation, and Kaspersky Lab. The Russian Union of Industrialists and Entrepreneurs, the Eastern Committee of the German Economy, and the Russian-German Chamber of Commerce are also GRID members.

NHAI Collaborates With 200 Premier Institutes to Leverage Local Expertise New Delhi Port Wings News Network n line with its vision to provide world-class National Highway (NH) network and to create a bridge between technical Institutions and Industry, the National Highways Authority of India(NHAI) has received overwhelming response from many reputed Institutes for its initiative of collaborating with Premier Institutes to Leverage Local Expertise.

According to NHAI, as many 18 IITs (including IIT Roorkee, IIT Bombay, IIT Varanasi, IIT Guwahati, IIT Kanpur, IIT Kharagpur), 26 NITs and 190 other reputed Engineering colleges have agreed to collaborate with NHAI. Out of which, about 200 Institutes have already signed the Memorandum of Understanding (MOU).

NHAI has said that it had introduced a unique initiative to associate with reputed Technical Institutes and Engineering colleges to adopt nearby stretches of National Highways, on voluntary basis under Institution Social Responsibility. Over 300 Institutes are expected to collaborate to adopt NH stretches.

The adopted stretches may be

I

used as a field of study for faculty, researchers and familiarise students of the Institute with the latest trends in industry and suggest the relevant performance parameters and innovations.

Under this initiative, the partner institutes will study improvement prospects in Road Safety, maintenance, riding comfort, removal of choke points, black spots and usage of new technologies on the adopted stretches and give suitable suggestions to NHAI. The Institutes, NHAI stated, are also encouraged to associate with the Consultants/NHAI during conceptualization, design and project preparation of new projects and suggest the relevant performance parameters and innovations based on experience specific to the local climate, topography and resource potential for better socio economic outcome.

The areas of collaboration for improving the efficiency of existing highways are: (i) Improvements in safety provisions by removing existing deficiencies and offering potential solutions to old recurring problems based on local experience. (ii) Improvements in continual

maintenance of the stretches and improving the riding comfort through cost effective measures based on innovative technologies. (iii) Localized solutions for removal of congestion points and thereby increasing the average traffic speed. (iv) Viability of new wayside amenities for road users based on the existing traffic pattern and user expectations.

NHAI shall also offer internship to 20 Undergraduates and 20 Postgraduate students with the stipend.

The initiative will result into a winwin outcome to both the NHAI and Institute and will also instil sense of contribution in building infrastructure among the student fraternity.

NHAI envisions to provide a world class NH network to meet the Nation’s requirements by building large number of mega highway projects in a cost-effective manner.

Adoption of NH stretch by an Institute would facilitate stakeholder engagement and help to mitigate the routine local problems such as traffic hindrance, congestion, and immediate identification of accident-prone sites and causes thereof.

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NEWS - BITS Tallink Receives Finnish Government Guarantee For Additional Loan

The Government of the Republic of Finland today approved a state guarantee of up to EUR 90 million for a EUR 100 million loan to Tallink Silja Oy, a subsidiary of AS Tallink Grupp, Tallink says in a press release.

“We are very grateful to the Finnish Government for the state guarantee that will be given to the loan of EUR 100 million for our subsidiary Tallink Silja Oy. Tallink Grupp has been working on securing its long-term liquidity since the beginning of the crisis, in order to secure the company’s sustainability in these challenging times that have arisen due to the pandemic. We have also, from the beginning, emphasised that we do not expect the Estonian Government alone to solve all Tallink’s problems. We have received a lot of understanding and support during this crisis from our existing loan partners, the Estonian state and have now also further secured our future with today’s decision with the Finnish state guarantee,“ Paavo Nõgene, CEO of Tallink Grupp said.

AS Tallink Grupp will issue a separate and more detailed stock exchange announcement upon the signing of the loan agreement.

Zvezda starts cutting steel for lead LNG tanker of new ARC 7 class series

Rosneft says Shipbuilding Complex Zvezda (Zvezda Shipyard in Bolshoy Kamen of the Primorsky Territory) has started cutting steel for the lead ship of the new series, LNG tanker of ARC 7 class. According to the statement, the first steel part was cut by highly accurate plasma gas cutting machine in the presence of shipyard, customer and RS representatives.

It is emphasized that gas carriers were not earlier built in the Russian Federation. Construction of such ships is among the most technologically demanding processes in global shipbuilding. Zvezda is the only Russian shipyard with unique equipment and the most advanced global technologies allowing for implementation of such projects.

Icebreaking gas carriers of Arc7 class will be able to break through ice of over 2 meters thick. The ships will have propulsion units of 45 WM, length of 300 m, width of 48.8 m and cargo tanks capacity of 172,600 cbm. They feature enhanced environmental safety with liquefied natural gas used as the main fuel. The ships will be fitted by three steering thrusters manufactured in Bolshoy Kamen by a joint venture of Rosneft and GE.

Wärtsilä 14 EU Stage V compliant engines selected for Swiss Inland ferries

The technology group Wärtsilä has been selected to supply the engines and related emissions control after-treatment systems for two new passenger ferries being built for operation between Switzerland and France across Lake Geneva, the company said in its release.

The ferries are being built at the Shiptec AG yard in Switzerland for General Navigation Company (CGN), a Swiss ferry operator based in Lausanne. The order with Wärtsilä was placed in September 2020.

The high-speed Wärtsilä 14 engines chosen for this project are compliant with the stringent EU Stage V emissions standard for inland waterway vessels, which came into force in the EU earlier this year. The 60 metres long, 700 passenger capacity vessels will feature advanced hybrid energy and propulsion systems, for which the Wärtsilä 14 is a perfect match. High efficiency and environmental compliance were key factors in the selection of this engine.

The Wärtsilä equipment is scheduled for delivery beginning in summer 2021, and the first vessel is expected to commence commercial operations in December 2022. The second ferry will be delivered approximately one year later.

The Wärtsilä 14 is the most compact engine in its power range in the marine market, serving both propulsion and auxiliary genset applications.

The engine is an integral element within Wärtsilä’s Smart Marine vision for the future of shipping, whereby optimal efficiency, safety, and environmental sustainability will be the key pillars in achieving and maintaining profitable operations for ship owners and operators around the world.

CUSTOMS EXCHANGE RATES Notification No.106/2020 (N.T.) ALL RATES PER UNIT

FOREIGN CURRENCY Australian Dollar Bahraini Dinar Canadian Dollar Chinese Yuan Danish Kroner EURO Hong Kong Dollar Kuwaiti Dinar New Zealand Dollar Norwegian Kroner Pound Sterling Qatari Riyal Saudi Arabian Riyal Singapore Dollar South African Rand Swedish Kroner Swiss Franc Turkish Lira UAE Dirham US Dollar Japanese Yen (100) Korean Won (100)

with effect from 13th Nov. 2020

RATE (INR) Import Export 54.50 203.40 57.55 11.35 11.90 88.80 9.75 250.70 51.15 8.10 97.95 21.05 20.45 55.65 4.85 8.60 83.20 9.80 20.90 75.15 72.60 6.75

52.20 190.95 55.55 11.00 11.50 85.65 9.40 235.10 48.85 7.85 94.60 19.75 19.20 53.80 4.55 8.30 79.85 9.25 19.60 73.45 69.90 6.35

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

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RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2018-2020 Posted at Pathrika Channel, Egmore, RMS, Chennai-8.

Date of Publication - Wednesday, Posted on Tuesday / Wednesday

Nov. 25th - Dec. 1st Issue

Will Kamarajar Port Become Transshipment Hub for East Coast?

Chennai

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Port Wings News Network amarajar Port Limited (KPL), located at Ennore, next to Chennai, is one of the 12 major ports in the country under the administrative control of the Ministry of Ports, Shipping and Waterways (erstwhile Ministry of Shipping), Government of India.

Kamarajar Port, the only major port with “Corporate model” has been able to compete with the private players ever since its inception and has grown exponentially since it was established. A few months ago, 50 percent stake that was held by the Union Government was transferred to the Chennai Port Trust for better management of the port. With the transfer of shares, the Port of Chennai is currently the full owner of Kamarajar Port.

Following this, Chennai and Kamaraj Ports have announced various new development projects to cope with the stiff trade competition of private ports located in the region. As part of this, efforts are being made to gradually transform Kamarajar Port into an international ‘transshipment’ port.

PLAN TO STRENGTHEN INDIAN PORTS Containers coming to India from different parts of the world are mostly loaded on large ships and unloaded at ports including Singapore, Colombo and Port

Klang (Malaysia) and then brought to Indian ports by a fleet of small ships. The same procedure is followed in containers exported from India to foreign countries.

This process, not only increases the handling costs, also results in delays.

China continues to invest heavily File photo

in Sri Lankan ports. With India paying close attention to this, the Shipping Ministry is making efforts to strengthen the infrastructure of the Indian ports. Accordingly, the Ministry is making serious efforts to remove the various impediments that hinder the import of cargo directly from foreign ports.

SPECIAL OFFERS ON TARIFFS Adani Group has set up a stateof-the-art container terminal at Kamarajar Port at an investment of Rs 1,800 crore. The terminal, which

has the capacity to handle about 8-lakh TEUs per annum, has been operational for the last two years.

However, less than one lakh TEUs are being handled here annually now. Various associations have complained that the high vessel related charges (VRC) at Kamarajar Port compared to other private ports dissuade cargo vessels to dock here.

Meanwhile, Kamarajar Port management issued two trade notices announcing a drastic reduction on Vessel Related Charges for Coastal Vessels carrying EXIM and Coastal Transshipment Containers.

Accordingly, upfront concession of 70% in VRC for Coastal vessels carrying 100 TEU’s or more of EXIM Laden Transshipment Containers per voyage; Upfront Concession of 50% in VRC for Coastal vessels carrying either 100 TEU’s of Coastal Laden Transshipment Containers or 100 TEU’s of combined EXIM and Coastal Laden Transshipment Containers.

Besides, the port management decided to continue concession for foreign vessels carrying 100 TEU’s or more of EXIM Transshipment containers on each of its voyage 5% additional concession upfront on Vessel Related Charges of KPL’s Scale of Rates (SoR) along with the existing VRC concession.

The volume of such EXIM

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name ‘Transshipment’. This will lead to sustained development of Indian ports.”

“At the same time, these tariff concessions alone are not enough. Charges should be reduced further. The port management should guarantee on the time period for delivery File photo

said, “We welcome the tariff concessions announced by the port management. This will reduce the cost of handling cargo. Inland waterway transport will increase due to reduced costs. At present, it is more expensive compared to road transport as port charges are higher for transporting domestic cargo by water. Reducing such fees will reduce costs and increase acceptance among traders. This is the first attempt to bring ships from ports including Colombo and Singapore directly to Kamarajar Port under the

of the goods. At present, there are no separate terminals for domestic and foreign goods, but even domestic goods can be taken out only after the approval of the Customs officials. New guidelines should be announced to facilitate hassle-free freight traffic by eliminating such unnecessary problems. Through such a series of activities, the arrival of domestic and foreign vessels can be greatly increased.

Then all industries will grow in the region,” added Raghu.

A.P. Moller - Maersk Further Improves Profitability in Q3

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Transshipment containers would be included while calculating the Threshold TEU’s of such services.

ARRIVAL OF MORE CONTAINER VESSELS ON THE CARDS? Speaking to Port Wings, Chennai Ennore Shipping Agents Association President CR Raghu

D

Chennai

Port Wings News Network uring the third quarter A.P. Moller Maersk improved profitability across the business and delivered strong free cash flow, despite the negative impact on global economies from the COVID-19 pandemic. The company grew earnings before interest, tax, depreciation and amortisation (EBITDA) 39 pct. to USD 2.3bn with revenue decreasing 1.4 pct. to USD 9.9bn. The performance increase was based on a stringent costs control, agile capacity management, strong focus on customer offerings with further traction in uptake of digital services, and some benefit from a sequential demand recovery compared to the second quarter.

“Despite COVID-19 negatively affecting activities in most of our businesses, our disciplined execution of the strategy led to solid earnings and cash flow growth in Q3. At the same time, we managed to further integrate and simplify the organisation in Ocean & Logistics, we closed the acquisition of KGH Customs Services and continued the integration of Performance Team, supporting our strong financial performance in Logistics & Services,” says Søren Skou, CEO of A.P. Moller - Maersk.

The main performance driver this quarter was Ocean which, despite decreasing volumes of 3.6 pct. improved profitability by USD 511m to USD 1.8bn, reaching an EBITDA margin of 25.4 pct. on the back of a continued agile capacity deployment, lower costs and a temporary spike in short-term freight rates due to a sudden demand pick-up on some routes.

The performance was strongly supported

by Logistics & Services which benefitted from significant demand in supply chain management, intermodal and the acquired Performance Team. In Q3, revenue in Logistics & Services grew 11 pct. and profitability increased by 44 pct., achieving an EBITDA of USD 131m up from USD 91m in 2019, despite restructuring costs of USD 40m.

In Terminals & Towage, our effort to become

a world-class operator enabled us to continue to expand margins and grow earnings, despite lower volumes and revenue.

Cash return on invested capital (CROIC), last twelve months, increased from 9.9 pct. to 13.9 pct. due to stronger cash flow from operating activities and lower gross CAPEX. Return on invested capital (ROIC), last twelve months, increased from 3 pct. to 5.9 pct. as earnings improved and invested capital declined slightly.

The free cash flow generation of USD 3bn in the first nine months of 2020, allowed the company to return cash to shareholders, finance acquisitions and reduce debt with net interest-bearing debt decreasing further to USD 10.8bn by the end of Q3 compared to USD 11.7bn by the end of 2019.

Søren Skou adds: “Throughout the pandemic, our main priorities have been keeping our employees safe, keeping our global network and ports operating to serve our customers and supporting the societies we are part of. This continues to be our focus as demand has begun to partially recover. Our progress in earnings and in our transformation allows us to look confidently past the extraordinary 2020, however we remain well aware of the high level of uncertainty the pandemic and associated lock downs continue to pose in the coming quarters.”

Guidance for 2020 and CAPEX Given the current momentum across the business, A.P. Moller - Maersk expects, as announced on 17 November 2020, EBITDA before restructuring and integration costs in the range of USD 8bn to USD 8.5bn from previously between USD 7.5bn to USD 8bn as announced on 13 October 2020.

The global demand growth for containers is expected to contract by 4-5 pct. in 2020 due to COVID-19.

Organic volume growth in Ocean is now expected to be slightly below the average market growth from previously in line with or slightly below the market.

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.