Port Wings Maritime Exim Weekly Newspaper 24 Feb 2021 Issue

For All Type of Marine & General Insurance

www.portwings.in

Feb. 24th - Mar. 3rd Issue

SANCO TRANS LTD

Also undertaking Life and Mediclaim Policies Contact:

K.Sivakumar,

M.Sc, B.L.,

Insurance Advisor

Off: Srinivasa Complex, No.72,/149, Linghi Street, Chennai - 600 001.

Ph: 044-25260381 Mob: 9444222056 E-mail: mugavaishiva@gmail.com

Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741 Wednesday, February 24, 2021

8 Pages

Paradip Port Achieves Yet Another 100 MMT Mark in Cargo Handling New Delhi Port Wings News Network aradip Port, one of the leading major ports under the administrative control of the Ministry of Ports, Shipping and Waterways, Government of India, achieved the handling 100 Million Metric Tonnes (MMT) of cargo fourth year in row. Despite COVID-19 crisis, it once again repeated the feat by crossing the 100 MMT mark in succession and achieved cargo throughput of 100.30 MMT till 21 February 2021 in the current fiscal.

The above achievement of 100 MMT of cargo again by PPT in the current fiscal is despite global COVID-19 crisis and 2 of its existing berths are not available for handling of cargo these are under mechanization process.

For the above feat, Shri Vinit Kumar, Chairman, PPT congratulates the user industries, Stevedores, Steamer Agents, Trade Unions to have their continued faith on the ability of the Port to serve them. Congratulating the employees and officers of the Port for their continued commitment to serve the trade, Chairman, PPT takes the pleasure of appreciating the support

P

of Govt. authorities like Ministry of Ports, Shipping & Waterways (GoI), Govt. of Odisha, Indian Railways,

Customs, Immigration Department, Dock Safety, MMD as well as all Service Providers/Terminal Operators for their sustained effort in achieving the above feat.

PPT REQUESTS ALL TO MAKE MIS 2021 A GRAND SUCCESS The 2nd edition of Maritime India Summit (MIS) 2021, a mega international event is going to be held virtually from March 2-4, 2021.

Prime Minister Shri Narendra Modi

will inaugurate the Maritime India Summit-2021 on March 2. The event is being organised by the Ministry of Ports, Shipping and Waterways (MoPSW) in virtual mode because of COVID-19 pandemic.

Addressing press conference through virtual mode on 22 February, Shri Vinit Kumar, Chairman, PPT said that the Maritime India Summit (MIS) is going to provide a powerful platform for international collaboration.

It will cover various aspects of shipping.

PPT is going to put up a pavilion in virtual mode, in which more than a billion dollar investment opportunity will be shown.

On the 3rd March, in collaboration with Govt. of Odisha, PPT will organise a special session on “Investment Opportunities in Odisha”. Soliciting the co-operation of media fraternity to make the event grand success, he also appealed them apart from publicizing, to register for the participation in the event.

Maritime India Summit Opens Doors for Investors in Maritime Sector: ChPT Chairman Raveendran Chennai

H

Port Wings News Network ighlight the salient features of Maritime India Summit 2021 scheduled from 2-4 March, Shri P Raveendran, Chairman, Chennai Port Trust (ChPT) said that the proposed summit opens doors for investors in maritime sector.

“India has nearly 7500 kilometers of coastal area having vast potential for growth on maritimerelated industrial activities like modernization of port, dredging

work, waterways development between ports,” Raveendran said.

Further, he said the summit is organized in association with FICCI, will attract many industrialists to

invest, t h o s e intends to participate can book a stall to showcase their products and all those who wish to interact with them will be virtual only. The Maritime India Summit provides a platform for international collaboration which will have virtual presence of Contd. on page -2

`12

Wing 7 Feather 28

Authorized Economic Operator

Mob : 9884085285

Maritime India Summit 2021’ To Help Indian Ports Set International Collaboration Mumbai

E

Port Wings News Network xploring the potential business opportunities in the Indian Maritime sector and contributing to an Aatmanirbhar Bharat, Prime Minister, Shri Narendra Modi will inaugurate the ‘Maritime India Summit 2021’ the flagship initiative of the Minister of State for Ports, Shipping & Waterways (MoPSW), Government of India.

This will be followed by a Welcome Address by Shri Mansukh Mandaviya, MoS for Ports, Shipping and Waterways. The virtually held event will comprise of a 3-day Summit and Exhibition from 2nd March 2021 – 4th March 2021 to promote both domestic and international investment in the Indian Ports and Maritime sector.

Prime Minister Shri Narendra

Modi will release the ‘Maritime India Vision 2030’’, followed by the launch of Sagarmala - Sagartat Samridhi Yojana; Arth Ganga Programme; National Logistic Portal (Marine) Project. He will also release the “Compendium of

Investible Projects” and launch a scheme for promotion of Flagging of Merchant Ships in India.

JNPT Chairman Shri Sanjay Sethi will speak at the Plenary Session Contd. on page -2

Kamarajar Port Urges Stakeholders To Actively Participate in Maritime India Summit 2021 Chennai

K

Port Wings News Network amarajar Port Limited on 22 February invited all the stakeholders to register for and actively participate in the Maritime India Summit 2021, which will provide vast investment opportunities in each of the Indian maritime states and union territories.

The link for the registration is: https://registrations.ficci.com/ vmains//business-registrationb.asp It may be noted that the Ministry of Ports, Shipping and Waterways (MoPSW), Government of India, is organizing the Maritime India Summit 2021 (MIS 2021) in virtual mode during 02-04 March 2021 to promote both domestic and international investment in the Indian Ports and Maritime sector.

Prime Minister of India will be virtually inaugurate the Summit.

Inside New Mangalore Port Trust Holds...

Adani’s Mundra Ports Eyeing...

Paradip Port Launches “PPT...

Container Shipping Emerges...

Pg-2 Pg-3 Pg-4 Pg-5

Vessel Position at Terminals and Ports... Pg-6 Latest Customs Exchange Rates... Pg-7 Pacific International Lines... Pg-7 HistoryIsMade:NgoziOkonjo-Iweala... Pg-8

MARITIME INDIA SUMMIT 2021 02-04 March 2021 (Virtual Exhibition)

Exploring the potential business opportunities in Indian Maritime sector and making Aatmanirbhar Bharat.

Day 1 - Tuesday, 02 March 2021 SESSION 1: Developing world class Ports SESSION 2: Shipbuilding, Ship Recycling, Ship Repair CEO’s Forum Discussion of CEOs with the Hon’ble Minister (PSW)

Day 2 - Wednesday, 03 March 2021 SESSION 3: Coastal Shipping, Hinterland Connectivity and Multimodal logistics hub SESSION 4: Water Transport- Promoting Cargo and Passenger Movement, Opportunity for Sea Planes SESSION 5: Port-linked Industrialization - Building Port Cities and Maritime Clusters

Day 3 - Thursday, 04 March 2021 SESSION 6: Development of Port Infrastructure: Unleashing Opportunities SESSION 7: Boosting Business through Trade Promotion and Regional Connectivity Multiples Break Out Sessions: Investment Opportunities in Indian Maritime States

RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Tuesday / Wednesday

2

Feb. 24th - Mar. 3rd Issue

Maritime India Summit 2021’ To Help...

Wednesday, February 24, 2021

Wing 7 Feather 28

No Easy Sailing for Shipping Corp

I

t is still not going to be easy for this 71-year-old Navaratna - Shipping Corporation of India - to find a new owner due to the abse­nce of a robust shipping policy.

The Union government’s plan to raise Rs 2.1 lakh crore targeted in the last budget was hit by COVID-19 pandemic driven adverse market conditions and it raised just Rs 15,220 crore instead of says the Economic Survey. The focus of the government now is to embark on a significant privatisation exercise of central public sector companies and speeding up big-ticket strategic sale of large ones such as Air India, Bharat Petroleum Corporation (BPCL), Container Corporation of India (CONCOR) and Shipping Corporation of India (SCI).

The government announced the Atma Nirbhar Bharat package that sought to redefine public sector participation in commercial enterprises. The government recognises the need for opening up all the sectors to the private sector while public sector enterprises play an important role in strategic areas, the survey said.

Besides the privatisation, the Centre wanted to cut shareholding in select public sector firms to below 51 per cent to boost revenue collections but that also had been hit by the slowing economy.

The Ministry of Finance in December invited expressions of interest for the strategic disinvestment of its 63.75 per cent stake in the Shipping Corporation of India (SCI), the country’s largest shipping company, along with the transfer of management control.

The Department of Investment and Public Asset Management (DIPAM) has issued a Preliminary Information Memorandum (PIM) inviting the Expressions of Interest (EoI) from potential buyers by February 13, 2021. At the current market price, the government’s stake sale in Shipping Corporation of India is valued at about Rs 2,500 crore.

The Cabinet Committee on Economic Affairs (CCEA) in November last year gave the in-principle approval for the strategic divestment of Shipping Corporation. However, the plans were delayed due to the COVID-19 pandemic.

The government has appointed RBSA Capital Advisors LLP as its transaction advisor to manage the disinvestment process.

The February 13, deadline was postponed to March 1. The extension was a result of the SCI management’s inability to appoint a consultant to demerge non-core assets and restructure the company.

The disinvestment process is being implemented through the competitive bidding route. The government has proposed the strategic disinvestment of its entire shareholding in the company comprising 29,69,42,977 equity shares, which consist of 63.75 per cent of Shipping Corporation’s equity share capital.

SCI is the only Indian shipping company operating break-bulk services, international container services, liquid/dry bulk services, offshore services and passenger services. A Central public sector enterprise (CPSE) under the administrative control of the Ministry of Ports, Shipping and Waterways, it is the largest Indian shipping company in terms of capacity with a varied fleet profile, according to the document.

Also, it mans and manages a large number of vessels on behalf of various government departments and organisations. SCI was incorporated by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation as India’s first public sector company in shipping on October 2, 1961. In 1992, the government disinvested 18.51 per cent of its shareholding in the company in favour of financial institutions, mutual funds, banks and foreign Sample institutional TEXT investors. Later in the same year, the equity shares of the company were listed on major Indian stock exchanges. In 1994, the government further divested 1.37 per cent of its holding in SCI.

01

In 2000, the company was conferred Miniratna status for enhancing the board powers for capital investment. As on November 27, 2020, SCI’s authorised capital is Rs 1,000 crore and paid-up share capital is Rs 465 crore, according to the preliminary information memorandum document.

Contact Numbers Phone Number Name Designation 9444222056 K.Sivakumar Publisher cum Editor 9444158179 C.U.Satheesh Marketing, Circulation 9597684285/7358020375 Richard Collins Manager - Tuticorin Sample TEXT - Marketing 7305315408 Sathish Kumar Executive

04

E-mails: marketing@portwings.in / marketing1@portwings.in / editorial@portwings.in

All payments shall be made in favour of “Universal Media Associates” payable at Chennai by Cash / Cheque / NEFT Transfer.

Bank Name : HDFC BANK 1 Year `750 Branch : Parrys Corner, Chennai 600 001.

Account No. : 50200016324291 2 years `1400 IFSC Code : HDFC0000166 3 years `2000 PAN : AADFU8138N GST No. : 33AADFU8138N1ZQ Universal Media Associates Old No.72/ New No.149, 1st Floor, Srinivasa Complex, Linghi Street, Mannady, Chennai - 600 001.

SUBSCRIPTION

Continued from page -1 1: Developing World Class Ports.

Sharing his thoughts on the summit, Shri Sanjay Sethi, IAS, Chairman, JNPT said, “It gives me great pleasure to represent Jawaharlal Nehru Port Trust, and share my thoughts on the importance of Developing Mega Ports with worldclass infrastructure; Developing ‘Smart Ports’ to improve Ease of Doing Business and the impact of Digitization of the Ports and Terminals at the Maritime India Summit (MIS). The summit is going to provide a powerful platform for international collaboration and bring in partner countries for mutual exchange of knowledge and opportunities.”

Considering the prevailing COVID-19 pandemic, the summit will be held virtually.

The event is being organized by the Ministry of Ports, Shipping and Waterways (MoPSW) jointly with FICCI as Industrial Partner and EY as Knowledge Partner, will have 24 partner countries as participants and will showcase more than 400 projects. The event will be attended by various

stakeholders in the maritime sectors such as Policy Planners, Senior Government Officials, Domestic and International Investors, Sector Experts, Shipping Line Owners, Representatives of Major Ports from across the world as well as the Governments of Maritime States in India. The Proposed Summit will also host forums for interaction and collaboration with the Indian and International Ports, Shipping and Maritime Companies, Investors, and other stakeholders.

Ports will play a crucial role in reforming India’s economy, aiding in achieving development goals to establish itself as a strategic trade hub on the regional and international stages.

The Summit will host forums to foster interaction between stakeholders through B2B and G2B meeting and have special sessions to showcase exciting investment opportunities in the following: Port Modernisation And New Port Development; Ship Building, Ship Repair And Ship Recycling Sector; Inland Waterways – Leveraging A Unique Mode Of Transport In India; Coastal Shipping, Hinterland

Connectivity & Multi-Modal Logistics; International Shipping And Bulk Cargo Transportation; Port-Led Industrialisation Building Port Cities And Maritime Clusters; Renewable Energy In Ports; Maritime Skill Development; Maritime Financing & Insurance.

The Maritime India Summit 2021 will provide a unique platform for getting vast investment opportunities in each of the Indian maritime states and union territories. The summit will give direction to the ports and logistics sector to flourish hence, systematic planning, integration and development of smart, efficient and inter-linked transport network will help in playing a vital role to reap great benefits that will help the country and in making “Make in India” a success.

To see the preparedness and brief the key stakeholders, JNPT Chairman, Shri Sanjay Sethi conducted a virtual kick-off meeting on 22 February 2021.

For further information and registration, the MIS20021 website can be accessed: www.maritimeindiasummit.in

Maritime India Summit Opens Doors for...

Continued from page -1 Shipping and Transport Ministers.

15 MOUS WILL BE SIGNED Also, the summit will be attended

by Foreign dignitaries from Port and shipping industry. The are 15 MOUs will be signed , some of the prominent projects are University for Maritime studies to create opportunity for Jobs in Ports for the students, Logistics facility in Meppedu near Sriperumbudur in collaboration with National Highways Logistics at a cost of 1500 crores to cater needs of port users and logistics industry, Rail wagon transportation from Chennai to

Jolarpet in collaboration with Indian Ports Rail Corporation Ltd (IRPC), supply of power to both Indian and foreign vessels, IOC bunkering ship fuel by CPTL and many more.

The MIS will be inaugurated by Shri Narendra Modi, Prime Minister in the presence of Union Minister of Shipping and Minister of Transports through virtual meeting.

Initially, U.R.Mohan Raju, Secretary, Chennai Port Trust, welcomed the media and other participants briefed about the MIS 2021 and Balaji Arun Kumar, Dy. Chairman of Chennai Port Trust, explained about the procedures to

enroll as participants and the agenda for the proposed summit.

The media persons raised some questions on the Summit 2021 and the chairman clarified all the doubts. He said that there are more opportunity for the investors to promote their business by investing in the projects for which dedicated sessions are allotted in the Summit.

Overall, the Maritime India Summit 2021 will open doors for industries to invest in Maritime Projects in India and welcomed all to participate in the Summit for mutual benefits and for the Trade as well.

New Mangalore Port Trust Holds Road Show for Maritime India Summit 2021 New Mangalore Port Wings News Network irtual Maritime India Summit 2021 (MIS 2021) is being organized by the Ministry of Ports, Shipping and Waterways from 02nd- 04th March 2021 with the aim of promoting both domestic and international investment in the Indian maritime sector.

The theme of the event is – “Exploring the potential business opportunities in Indian Maritime sector and making Aatmanirbhar Bharat”. The event would be inaugurated by the Hon’ble Prime Minister himself. The event is being organized jointly with FICCI as the Industrial Partner.

Considering the prevailing COVID-19 pandemic, the summit will be held virtually. The first Maritime India Summit (MIS 2016) had witnessed participation of over 5000 delegates from 42 countries, resulting in over 140 Business Agreements with investments worth INR 83,000 crores. Maritime India Summit 2021 would aim to better its previous version.

In this view Chairman, NMPT conducted a roadshow at Confederation of Indian Industries, Mangalore on 22.02.2021, 1700 hrs to promote the various initiatives by the Ministry.

PARTICIPATION & TOPICS It will provide a unique platform that will have the virtual and physical presence of prominent shipping, port-related and port-based

V

industries-related CXOs, sector experts, investors, policy planners, and dignitaries/ ministers from all over the world.

The Virtual Exhibition will showcase the latest technology, products and services as well as help disseminate knowledge about the latest developments in the maritime sector. It will provide a platform to interact closely with leading global maritime organizations to explore business opportunities.

MIS 2021 would convene sessions on various themes, including development of port infrastructure, shipbuilding, recycling & repair, hinterland connectivity and multimodal logistics, coastal shipping, inland waterways, port-led Industrialization, skill development and maritime financing.

KARNATAKA SESSION ON DAY 1 There is a special session for investment opportunities in maritime sector in Karnataka on March 2nd from 12.30 PM to 2PM, covering development of non-major ports, industries and allied infrastructure around them, and opportunities in

fisheries sector and development of tourism as well. The Hon’ble Chief Minister of Karnataka would invite investors for the opportunities across the maritime-related sectors. The other speakers would the Chairman, NMPT include policy makers for the state as well as representatives from existing industries around the non-major ports in Karnataka.

BREAK OUT SESSION 3: OPPORTUNITIES IN MARITIME FINANCING AND INSURANCE ON DAY 2 There is a session for discussion about opportunities in maritime financing and insurance on March 3rd from 11 AM to 12.30 PM, that would cover topics such as financing trends, investment opportunities, innovative investment models and insurance in maritime sector. Whereas Chairman, NMPT, CMD, SCI and MD, SDCL are the convenors for this session, the speakers include MD, SBI, Managing Partner, NIIF, Chairman, IRDA and partners/global heads of multiple global organizations in this field.

Feb. 24th - Mar. 3rd Issue

Adani’s Mundra Ports Eyeing More Market Share From JNPT Mumbai

Port Wings News Network fter overtaking Mumbai’s Jawaharlal Nehru Port Trust (JNPT) as India’s biggest container gateway. Adani-operated Mundra Port is eyeing more market share.

The country’s largest private terminal operator is taking aim via its latest acquisition – a $1.4bn redevelopment of Dighi Port in Maharashtra, just 123km south of Mumbai.

Mundra, in the north-west state of Gujarat, overtook JNPT in the first quarter of last year, when it handled 970,940 teu, compared with JNPT’s 847,844.

However, these volumes were significant year-on-year declines for both ports, 17% and 35% respectively, as India was badly hit

by Covid volume losses, as well as a big drop in Chinese imports, said to be linked to souring relations between New Delhi and Beijing.

According to Alphaliner, Mundra’s performance was assisted by the addition of MSC’s INGWE and New Falcon services, adding 180,000 teu a year to the port’s volumes.

A

Mundra beat JNPT in the second and third quarters, Adani claimed in its latest financial results, noting the port’s Q3 volume, ending December, was 1.59m teu.

Maharashtra-based forwarder Rakesh Pandit, CEO of Conbox Logistics, said Mundra had been gaining market share inIndia’s container trade “with every passing month”.

“JNPT was the only good available option for customers based in northern, central and western India in earlier times, but this is no longer the case,” he told The Loadstar.

“Mundra is preferred by customers, as the FOB cost of shipments is lower, especially if the customer is based in central or northern India. Since Mundra is privately run, there are no labour issues, whereas Nhava Sheva and other government run ports are prone to these and local political issues.”

Indeed, Alphaliner estimated JNPT’s volume losses would push it out of the world’s top 30 ports last year, although its full-year figures for 2020 are not yet available.

While the port itself is government-run, four of its five

container terminals are privately operated by majors such as APM Terminals, DP World and PSA International.

The port handled around 5m teu in FY2020, with further capacity on the way. For example, PSA’s Bharat Mumbai Container Terminals was due to extend its capacity to 4.8m teu by 2022, but has asked to delay the expansion by three years due to market oversupply and challenges from Covid-19, according to IHS Media.

Meanwhile, Adani announced this week it would develop Dighi Port Ltd (DPL) into another “alternate gateway to JNPT”.

“This is Adani’s first port in Maharashtra,” explained Mr Pandit.

“It will give it a foothold to serve industries there, one of the major industrial and export states of India.

It’s a long-term investment and will play important role in Adani’s growth.

“Adani is also very close to the current central government, so may even try to acquire a stake in other state-run ports, especially when government is looking to raise funds through the sale of owned companies,” he added.

Indian Coast Guard Commissions C-453 Mumbai Port Wings News Network ndian Coast Guard Ship C-453, the 17th of the 18Interceptor Boat (IBs) project indigenously constructed by M/s Larsen & Toubro Ltd., was commissioned at Chennai by Smt. Leena Nandan, IAS, Secretary, Department of Consumer Affairs on19 Feb 2021 in the presence of Shri Jiwesh Nandan, IAS, Additional Secretary, Department of Defence, Director General Krishnaswamy Natarajan, PVSM, PTM, TM, Director General Indian Coast Guard, Inspector General S Paramesh, PTM, TM, Commander Coast Guard Region (East) RAdm JS Mann, VSM, NM(Retd), VP & Head L&T shipyard and other Officials of Indian Coast Guard and M/s L&T shipyard.

ICGS C-453, the 27.80 Mtrs long Interceptor Boat with a displacement of 105 tons and Max Speed of 45 knots (85 kmph) is capable of undertaking multifarious tasks including Surveillance,

I

Interdiction, close coast patrol, Search and Rescue, in addition to rendering assistance to boats and craft in distress at sea. The vessel is provided with advanced navigation and communication equipment for safe navigation.

The quick reaction a b i l i t y coupled with modern equipment and systems provides her the capability to swiftly respond to any maritime situation at very short notice. ICGS C-453 is commanded

by Assistant Commandant Animesh Sharma and will be based at Chennai under the operational control of Commander, Coast Guard Region (East).

The ship on joining the Coast Guard Eastern fleet will be deployed extensively for EEZ surveillance

and other duties as enshrined in the Coast Guard Charter, to safeguard the Maritime interests of India.

The Indian Coast Guard with this Ship joining the fleet will have 157 Ships & Boats and 62 Aircraft.

Further,40 Ships are at various stages of construction at different Shipyards in India and 16 Advanced Light Helicopters MK III are being accepted by M/s Hindustan Aeronautics Limited, Bengaluru, which will provide the added teeth to the surveillance capabilities of the Coast Guard, to deal with the everdynamic maritime challenges.

Seafarer Shortages Loom If Crew Change Crisis Persist, Warns MAJ Chennai Port Wings News Network he global crew change crisis could result in a shortage of seafarers if exhausted crew choose to leave the shipping industry rather than risk another long period trapped at sea, warned the Maritime Authority of Jamaica (MAJ).

Rear Admiral (retired) Peter Brady, MAJ director general, highlighted the potential danger to the shipping industry if there is a mass exodus of crew from their seagoing jobs to take up shore-based employment.

“If seafarers are not available to operate the ships, those vessels will simply lay alongside idle.

Does the world need that now?”, he challenged, warning that the shipping industry needs to demonstrate to world leaders the vital role crew play in the supply chain.

T

Condemning the global “ignorance – or is it apathy” concerning the economic value of trade by sea to the world economy, he said: “There is an absolute need to urgently inform, educate, and sensitise both business leaders and consumers across the world as to the important role shipping plays in delivering 90% of global trade.

Brady advised that now is the time to speak to a wider audience: “I believe we need to now take the conversation to another level, to speak with the merchants, to speak with the financiers, the bankers, all the people who control the financial aspect of global trade.”

Many countries are focusing on protecting their populations from the Covid-19 pandemic, resulting in closure of borders and travel restrictions. These have severely impacted the ability of ship

operators to carry out crew changes when seafarers have reached the end of their contracted time at sea.

The IMO has urged nations to classify seafarers as ‘essential workers’ in order to facilitate their smooth transit on shore, but so far only about 55 countries have done this.

“It seems that it is time for another global summit to include the United Nations, its relevant agencies such as the IMO, International Labour Organization, industry bodies such as the International Chamber of Shipping, and even the International Civil Aviation Organization. It should not be a talk shop but one which pledges to set goals for the industry and then sends a compelling document to the global financial institutions to indicate the impact on global trade if seafarers are not available to crew ships,” Brady said.

3

FIEO Urges Government of India to Notify RoDTEP Rates Without any Delay New Delhi Port Wings News Network esponding to January 2021 export figures, Mr Sharad Kumar Saraf, President, FIEO, said that the monthly exports further moved northward towards positive territory with almost all major export category products showing impressive growth with signs of further revival.

Positive growth of about 6.16 percent with USD 27.45 billion of exports show not only signs of better order booking position but further improvement in coming months and the new fiscal, reiterated FIEO President. Effectiveness of the Covid-19 vaccines have also led to bring both life and economy back on growth trajectory with a V-shaped recovery projected not only in world trade but the Indian economy as well.

The Union Budget 2021-22 has also rightly put its focus on infrastructure to revive the economy, address the job loss and support the industries providing inputs for infrastructure at a time when it was most needed, added Mr Saraf. A world class infrastructure will go a long way to make our manufacturing and exports competitive besides reducing the logistics cost, said Mr Saraf.

FIEO President added that January exports also signals that our traditional and labour-intensive sectors of exports (except apparels, leather, marine products and gems & jewellery) have already passed the most challenging and testing times. Mr Saraf said that the exports of other cereals along with oil meals, iron-ore, cereal preparations and miscellaneous processed items, jute mfg. including floor covering, tobacco, rice, fruits and vegetable, carpet, handicrafts excl. hand-made carpet, spices, ceramic products and glassware, engineering goods, drugs and pharmaceuticals, electronic goods, tea, cashew, plastic and linoleum, mica, coal and other ores, minerals including process,

R

cotton yarn/ fabrics/madeups, handloom products etc., coffee and organic and inorganic chemicals showed either a very high or impressive growth or were in positive territory showing signs of further revival.

FIEO Chief also said that negative growth in exports of major products including petroleum products, leather and leather manufactures, RMG of all textiles, man-made yarn/fabrics/madeups etc., meat, dairy and poultry products, oil seeds, marine products and gems and jewellery which are major constituents of India’s export basket and mainly related to labourintensive sector of exports have also been of key concern during the month. However, an increase in imports during January 2021 by just 2.03 percent to USD 41.99 billion compared to the same period during the previous fiscal led to a trade deficit of USD 14.54 billion, which is a decrease of 4.95 percent during the month.

FIEO President urges the government to soon notify the RoDTEP rates, which will remove uncertainty from the minds of the trade and industry thereby forging new contracts with the foreigner buyers. Mr Saraf also reiterated that the government must address some of the key issues including release of the required funds for RoDTEP, MEIS and clarity on SEIS benefits, adequate availability of containers, softening of freight charges, resolving risky exporters issues and allocation of funds for NIRVIK Scheme. Besides long pending demand for the creation of an Export Development Fund for marketing of Brand India products and various other infrastructure bottlenecks with regard to customs and port clearances, will further help in giving a boost to our exports taking it to pre-Covid growth trajectory.

FIEO Urges Government of India to Notify RoDTEP Rates Without any Delay New Delhi Port Wings News Network he Great Eastern Shipping Company Ltd, India’s biggest ship owner by fleet size, is said to have filed an expression of interest (EoI) to buy state-run Shipping Corporation of India Ltd (SCI) from the government.

The Mumbai-based Great Eastern led by Bharat Sheth said it had “no comment” to offer on a query from BusinessLine on filing the EoI, reports BusinessLine.

Other potential suitors US-based Safesea Group, helmed by Indian origin shipping professional SV Anchan, is expected to file the EoI “any time” before the March 1 deadline set by the Department of Investment and Public Asset Management. Anchan, President, Safesea Group, confirmed the company’s interest in SCI. Other potential suitors expected to file EoIs include Fairfax India Holdings Corporation led by Indian born Canadian billionaire Prem Watsa; Vedanta Ltd, the resources giant owned by billionaire Anil Agarwal; and a consortium of serving

T

and former employees of SCI. The Adani Group, widely expected by the shipping industry to participate in the sale process, evaded a direct reply when contacted.

On December 22, DIPAM invited expressions of interest to privatise Shipping Corporation by selling the government’s 63.75 per cent stake to a strategic buyer. Potential bidders were initially given time until February 13 to file EoIs, but this was later extended to March 1.

Like SCI’s mixed fleet, the Safesea Group runs all types of ships.

“That suits our business model; we don’t have to re-invent the wheel.

That’s why we are very keen on SCI,” Anchan told BusinessLine.

“In the event, the transfer of these non-core assets is pending on the date of transaction announcement and considering the pricing for open offer is to be based on the 60-day volume weighted average market price, it will entail a substantially large outflow for the successful bidder to minority shareholders towards non-core assets which the successful bidder is not going to ultimately own,” a potential bidder told the government.

Feb. 24th - Mar. 3rd Issue

4

DP World Cochin Celebrates 10 Years of Excellence Cochin

G

Port Wings News Network lobal logistics company DP World operated International Container Transshipment Terminal (ICTT) at Cochin has completed 10 glorious years as partner in India’s trade growth. This milestone comes with the terminal achieving its all-time highest monthly throughput of more than 70,000 TEUs in January 2021, registering a 36% Year-on-Year growth over January 2020.

ICTT is India’s first transhipment hub strategically located in close proximity to major global eastwest trade routes. Since inception, the terminal has handled 4.68 million TEUs and 5,661 vessel calls including 1,858 Mainline vessel calls. In 2020, despite major business disruptions, DP World Cochin handled 6.31 lakh TEUs, registering marginal decline of -0.35% over 2019 volumes while

South India market collectively registered an average degrowth of -11.2%.

ICTT has played a key role in making Cochin a strategic hub to enhance trade in the South India Region. The terminal provides fast and reliable connectivity to hinterland through multimodal transportation including rail and inland waterways. Cargoes from all industrial clusters in Kerala and the major ones in Tamil Nadu

(like Coimbatore, Pollachi and other hubs) can reach the terminal within six hours. In 2020, DP World Cochin launched a direct weekly rail connection to Bangalore. This

Praveen Joseph, CEO, DP World Cochin,

resulted in an impressive five-fold increase in rail volumes.

DP World Cochin offers various direct connections to Europe, the Mediterranean, the Fareast, South East Asia and the Middle East. Thereby, providing reduced transit time, cost and reliable reach to global markets.

In 2020, the terminal handled 42% of EXIM cargo on mainline vessels positioning Cochin as port of choice for customers. The terminal continues to be highly efficient and productive with truck turnaround time at an average of 27 minutes, and an average Gross Crane Rate (GCR) of 30+ moves per hour, which is at par with global standards.

Praveen Joseph, CEO, DP World Cochin, said “ICTT is a key example of DP World’s commitment to India’s trade growth. The terminal has played a crucial role in boosting

trade from South India.

DP World Cochin has been at the forefront of implementing various initiatives, to enhance trade and facilitate ease of doing business, such as RFID based automated gates to enhance safety and efficiency, ZODIAC an inhouse developed Terminal Operating System to enhance terminal efficiency and 24 x 7 Customs to facilitate direct port delivery. Further, a successful implementation of Bharat Trade for paperless transactions has resulted in conversion of 50% of manual gate transactions on to a digital platform.

Our people have been instrumental in our success and I thank them for their dedication to deliver the best service to our customers with highest levels of efficiency. I would like to take this opportunity to thank our customers and partners for the trust they have shown in us and our ability to fulfil their supply chain needs. Our focus continues to be on facilitating tailormade solutions that deliver exponential value to our customers and trade at large.”

In line with DP World’s ‘Our World, Our Future’ programme, ICTT vigorously works in association with its local NGO partners, to support local communities. As part of rebuilding and rehabilitation efforts after the 2018 Kerala floods, DP World has built 50 homes in Cochin for families impacted by the floods. Throughout the pandemic, the terminal has taken various initiatives like distributing fresh food and dry ration kits to families impacted by COVID-19, donation of face masks to Mulavukad Panchayath and Ernakulam District Administration, providing monsoon protective Gears / Raincoats for district Police personnel, and sponsoring a Smart Computer Lab in Government Higher Secondary School in Poothrikka, Ernakulam district.

Fairfax-Backed Seven Islands Shipping Files DRHP For Rs 600 Crore IPO Mumbai

C

Port Wings News Network anadian billionaire Prem Watsa-led Fairfax-backed Seven Islands Shipping Ltd has filed draft red herring prospectus with SEBI to sell shares in an initial public offering to raise as much as ₹600 crore to fund a fleet expansion

plan, reports BusinessLine.

Seven Islands, India’s third biggest ocean carrier by capacity, was founded in 2003 by Captain Thomas Wilfred Pinto, a ship master, after sailing close to two decades.

The firm is engaged in transporting

crude oil and petroleum products along the Indian coast as well as in international waters. Its ships are registered in India and operate as Indian-flagged vessels.

FIH Mauritiuis Investments Ltd, a unit of Fairfax India Holdings Corporation, holds 48.54 per cent stake in Seven Islands.

In March 2019, Fairfax India Holdings Corporation had invested $72.1 million for a 41.4 per cent stake in Seven Islands Shipping which was later increased to 48.54 per cent. ₹200 crore OFS The planned share sale comprises a fund raise via fresh issue amounting to ₹400 crore and an offer-forsale (OFS) aggregating up to ₹200 crore by selling shareholders FIH Mauritius Investments aggregating

up to ₹100 crore and promoter selling shareholder, Thomas Wilfred Pinto, aggregating up to ₹85.64 crore and Leena Metylda Pinto aggregating up to ₹14.35 crore.

The portion reserved for qualified institutional buyers will be up to 50 per cent of the offer, noninstitutional investors to have up to 15 per cent of the portion reserved while up to 35 per cent will be reserved for the retail investors.

The net proceeds raised from the fresh issue are to be utilised to acquire one very large c rude carrier or oil super tanker and one medium range tanker from the secondary market with an investment of ₹352.43 crore.

Seven Islands runs a fleet of 19 vessels - 2 crude oil tankers and 17 petroleum product carriers.

Seven Islands earn a big portion of its total revenue from three PSU oil firms – IOC, BPCL and HPCL with whom its ships are deployed on time charter and on spot contracts.

Paradip Port Launches “PPT Vidyut Seva” Mobile App Port Wings News Network n a bid to facilitate electricity consumers of Paradip Port Trust (PPT), a mobile App “PPT Vidyut Seva” was launched

by Shri Vinit Kumar, Chairman, PPT on 17 February through VDO conference in presence of Shri A.K. Bose, Dy Chairman, PPT, Shri Charanjeet Singh, EVP, BD & Consultancy, PTC India Ltd. and

electricity bill.

Online electricity bill payment can be done 24x7 basis and toll free customer care number will cater to the need of the consumer. Complaints can also be registered on power supply/ billing/payment.

PPT will be also immensely benefited from the consumer

other senior officials of both the organisations.

Shri Saroj Kumar Das, CME, PPT explained that PTC India Ltd. has developed this application, which is easily available in Google playstore and by use of this App, consumers will have easy access to the power consumption, billing and payment data. They can view and download

friendly environment as there will be more transparency in revenue affairs. Collection efficiency will increase and consumer complaints will addressed conveniently.

PPT Authorities request all consumers to avail the online facility developed to make payment of electricity bill and also to lodge complaint if any, using this App.

Paradip

I

APEDA Upgrades GrapeNet To Ensure Secured, Scalable & Cost-Effective Interface in Exports Value Chain New Delhi Port Wings News Network n a bid to ensure cyber security protection for its traceability initiative, APEDA has adopted next generation Blockchain and Cloud migration enabled GrapeNet System which would ensure a secured, scalable and cost effective interface for all the stakeholders in the exports value chain.

The GrapeNet is a web based certification and traceability software system for monitoring fresh grapes exported from India to the European Union. APEDA can trace details of the consignment right upto the farm plot level.

After integration Blockchain, GrapeNet will be more secure.

On the occasion of APEDA foundation day on 13 February, 2021 the integration into Blockchain and Cloud migration has been announced.

The Blockchain will help track all the activities and steps involved in the grapes lifecycle process, right from the allocation of the farms for production of the grapes to the point of grapes being delivered to the customers. It will keep a record of all the processes involved which can be traced by the customers at the end of the chain to validate the

I

authenticity of the grapes being provided to them. The traceability of the grapes can be done from any level. The chain of the process flow will be able to be retrieved to determine also if all the processes have been followed.

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. The technology is ideal for delivering that information because it provides immediate, shared, and completely transparent information stored on an immutable ledger that can be accessed only by network members.

A Blockchain network can track test reports, consignments, production, and much more. And because members share a single view of the truth, they can see all details of a transaction end-to-end, giving them greater confidence, as well as new efficiencies and opportunities.

APEDA has also adopted the cutting-edge cloud based infrastructure in order to attain a secured, scalable & cost effective environment for its stakeholders.

Feb. 24th - Mar. 3rd Issue

5

Container Shipping Emerges Triumphant From a Disrupted 2020: BIMCO Port Wings News Network n the full year of 2020, global container shipping volumes fell by 1.2% compared with 2019, much less than feared even before the pandemic was first declared, and much recovered compared with the 6.8% drop recorded in the first six months of the year, reports BIMCO. Volumes in the second half of the year were up 4.2% from 2019. Much of this growth was concentrated on just a few trade lanes, with congestion and imbalances on these spilling

saw volumes increase by 115,000 TEU in H1 2020 compared to the same period in 2019.

“The particularly strong recovery in demand for containerised goods in the US was driven by a rise in consumer spending, particularly on goods for the homes that people have been spending much more time in, as well as higher spending on goods as consumers were unable to spend what they usually do on services,” says Peter Sand, BIMCO’s Chief Shipping Analyst.

“As manufacturing in consuming countries has struggled to recover to its pre-pandemic

also on charter rates which have seen a steep V-shaped recovery since June 2020, with rates for all ships considerably higher than their pre-pandemic levels. Charter rates for 6-to12-month contracts currently stand at USD 13,700 per day for a 1,700 TEU feeder ship, USD 23,000 per day for a 3,500 TEU ship and USD 42,000 for a 8,500 TEU ship. Even at these rates, carriers are desperate to get hold of any extra tonnage they can, in many cases to ensure that they can stick to their announced schedule as delays in importing ports mean that many ships are unable to make it back in

by 2.9% in 2020 as 857,616 TEU was added to the market compared to 188,800 TEU being demolished.

“The high earnings that carriers have achieved in recent months is not a reflection of better fundamentals in the container shipping market, but rather a result of how 2020 has developed. In the longer run, this artificial tightness in the market will subside and container shipping will once again have to deal with the pre-pandemic overcapacity in the market, made worse by new orders made in recent months,” says Peter Sand.

out and causing disruption on other trades.

BIMCO expects that 2021 will be even better for container shipping than 2020, as the current backlog will take months to clear and carriers are using the current strength of the market to lock in long-term contract rates for the coming 12 months at higher levels than in 2020.

By far the largest volume growth was seen on the Far East to North America trade. On this route, volumes rose by 3.6m TEU in the second half of the year compared with the first, while volumes rose 2.1m TEU compared with the second half of 2019, enough to bring full year growth into positive (+1.4m TEU). The second half growth caused major disruptions in many US West Coast ports, as they were unable to keep up with record high volumes while implementing social distancing among workers at the same time, due to the pandemic. Furthermore, lower manufacturing and containerised exports in H1 2020 meant that the imbalance on the trade got even worse, leading to equipment shortages as containers were stuck in the wrong places.

WEAKER H2 RECOVERY ON THE OTHER MAJOR TRADES Of the three most important, high-volume trades, the Far-East to North America was the only one to grow over the full year, as growth on intra-Asian and Far East to Europe trades in the second half of the year was not enough to make up for H1 losses. After falling by 1.1m TEU in the first half of the year, volumes between the Far East and Europe were only up by 0.2m TEU in the second half of 2020, leaving full year volumes on this trade down 5.2% compared with 2019.

On the Intra-Asian trades, a 2.2% growth in the second half of the year compared to H2 2019, was not enough to recover a 4.0% loss in the first half.

There were only very few trades which bucked the trend and grew in the first half of the year. One of them was the Indian subcontinent and Middle East exports to the Far East; the thirteenth largest trade which

levels, imports have outgrown demand for a number of goods in order to fill the gap.

This development is hugely beneficial for shipping.”

UPTICK IN VOLUMES SOON PLAYED OUT ON SPOT FREIGHT RATES Freight rates did not experience the same drop as volumes did in the first half of the year, as carriers pushed losses onto tonnage providers. Charter rates did however fall steeply from mid-February to June.

On the routes from the Far East towards the US and Europe, only spot rates to Europe fell over the course of the first half of the year, bottoming out in April at just under USD 1,639 per TEU, which was still higher than rates in much of 2019.

Once volumes started to rise, rates followed the upwards journey that would take them to the record high levels which carriers are still enjoying today. The first increase in spot rates was seen on the Far East to US West Coast trade, as this was where the uptick in volumes happened first and fastest. As the scale of the recovery on this trade was uncovered and the idle fleet nose-dived as carriers added capacity to meet rising demand across the board, rates on other routes also started rising, first on Far East to the US East Coast, and then a couple of months later, a sudden jump in rates to Europe followed.

In recent months, the steep upwards path of spot freight rates on the transpacific trade lanes have stopped, partly due to intervention from the Chinese government. However, as demand has remained strong, and carriers still hold the upper hand, gradually increasing surcharges have been added to the base freight rates. This has stopped freight rates from rising further but left shippers with higher costs. As of midFebruary, surcharges to guarantee space and equipment on the major trades stand between USD 1,500 and USD 2,500 per TEU. CARRIERS SCRAMBLING TO GET HOLD OF EXTRA TONNAGE The sudden surge in demand for ships played out not only on the spot market but

time for their next scheduled departure.

High demand and earning potential for ships mean that demolitions also fell considerably in 2020, with most of the demolition coming in only two months. Had demolition yards been open and able to operate normally at the height of the crisis in Q2 when demand for container ships reached its low point, demolition would no doubt have climbed

HOW LONG WILL IT LAST? As carriers release their full year results, announcing profits of a size not seen for many years, heads are turning towards how this year will turn out, and here, more good news appear to be on the horizon.

Firstly, and most importantly, are the longterm contracts for this year which have either been fixed in recent months or are still being negotiated.

For all but the largest shippers, for whom carriers have in many cases rolled over last year’s rates in recognition that these shippers are too big to lose, long term rates will increase compared to last year. The current tightness in supply means that carriers have the upper hand when negotiating these new contracts, and although many shippers have initially been reluctant to sign new contracts, they will inevitably do so in the coming months. This will be done at high rates to the benefit of carriers, even if the spot market falls from its current highs.

The same goes for tonnage providers who are securing their ships on 6-to-12-month charters at today’s high charter rates.

As to the current disruption and equipment shortages, BIMCO believes this will take at least until the middle of the year to be resolved, as a large backlog still needs clearing and equipment needs re-positioning.

In the coming weeks, BIMCO will publish its first shipping market overview and outlook of 2021, looking at container shipping as well as the general macroeconomic situation, dry bulk and tanker shipping.

I

Chennai

upwards. As it happened, this was not possible and instead, owners had to wait until June before they could get rid of any substantial tonnage. What followed was two months of higher demolitions, which saw 103,436 TEU leave the market, more than half of what was demolished in the whole year.

By the end of July however, demolitions were once again all but stopped, as demand for container ships rose and many owners found that even their older and less efficient ships became very profitable. In the last quarter of 2020, only 7,448 TEU were removed from the market, all of which from feeder ships, down 70.9% from the same period in 2019.

At the same time, as demolitions slowed, contracting picked up, with 65 new ships amounting to 751,057 TEU being ordered. In the full year, the container shipping fleet grew

6

Vessel Position at Terminals - (24.02.2021 To 03.03.2021)

Feb. 24th - Mar. 3rd Issue

7

CCTL - Chennai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

24/02

25/02

CI5

INTERASIA HERITAGE

TAO/PUS/SHA/SKU/SIN/PKW/ PKG/MAA/KAT/PKG/SIN/PGU/ SKU/KHH/TAO

25/02

26/02

CCG

SM NEYYAR

SOH/CMB/COK/JEA/JEB/CME

24/02

25/02

COST

TCI PRABHU

PBA

24/02

25/02

COST

TCI ARJUN

PBA

28/02

29/02

CCS

SALBORA

CMB

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin 23/02

23/02

CI II

MV.CAPE MAGNUS

002E

OMEGA SHIPPING

TUTICORIN, PORT KELANG, QINGDAO, SHANGHAI, NINGBO, SHEKOU

24/02

25/02

CTS

MV.KAPTIAN MASLOV

108S

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

25/02

26/02

TUX

MV.OEL SHARVAN

21112

TWF

COLOMBO, TUTICORIN, COLOMBO

26/02

27/02

BOX

MV.XPRESS COTOPAXI 21015S

BTL

27/02

28/02

CTS

MV.KAPTIAN MASLOV

FAR SHIPPING

109S

Agent/Line

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

24/02

25/02

TCXNEW

MOL GATEWAY

105

ONE

Port Kelang(North port), Singapore, Shanghai

24/02

25/02

CI3

OOCL ZHOUSHAN

228W

OIL

Port Kelang(North port), Singapore, Shanghai

25/02

26/02

FME

CMA CGM BERLIOZ

0FD2AE1MA

CMA

Port Kelang(North port), Singapore, Shanghai

Kakinada Container Terminal ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

01/03

2-3

KAK>CMB

RHL AURORA

SH105R

SAMSARA

Halida,Colombo

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

24/02

25/02

CCG

MESSINI

111W

EMC

COLOMBO, TUTICORIN, COLOMBO

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

24/02

25/02

TCX

MOL GATEWAY

105W

ONE

COLOMBO, TUTICORIN, COLOMBO

Port Kelang(North port) – Singapore,Shangha

25/02

26/02

ACS

HYUNDAI COLOMBO

115W

HMM

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

25/02

26/02

IVK

ASIATIC KING

3

GOL

26/02

27/02

C15

INTERASIA HERITAGE

026W

IAS

26/02

27/02

C13

OOCL ZHOUSHAN

228W

OIL

NSICT - Mumbai Voy

CITPL - Chennai

ETA

ETD

Service

Vessel Name

Calling Ports

24/02

25/02

BLUENILE

TIM S

MSK

24/02

25/02

AIM

ARIANA

ONE

25/02

26/02

IEX

BEA SCHULTE

SBG

Colombo,Damietta Piraes Rotterdam, London

26/02

27/02

MIDAS

AS CYPRIA

CCA

Nhava Sheva, Mundra, Port Qasim, Singapore

26/02

27/02

IPAK

MSC ASYA

MSC

26/02

27/02

IRX

MANET

PRD

27/02

28/02

MWE

MAERSK BROOKLYN

MSK

28/02

29/02

MIDAS

AS CHRISTIANA

CCA

01/03

02/02

AS1

BALTIC BRIDGE

CCA

02/03

03/03

ME2

MAERSK UTAH

MSK

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

02/03

03/03

MESAWA

YANGTZE SHANGHAI

MSK

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

03/03

04/03

BMM

INTER SYDNEY

EMS

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

3-3

4-3

CSC

RITA

SMM

24/02

25/02

CCG-W

VARADA

0033W

SMI

Cochin , Kanda , Mangalore ,Cochin

3-3

4-3

BLUENILE

UNI FORTUNA

MSK

25/02

26/02

CI2

INTERASIA CATALYST

003E

INA

Colombo ,Chennai

25/02

26/02

IWCS

SM MAHI

6

IWCS

Qingdao , Shanghai , Ningbo , Shekou , Port Kelang , Cochin, Nhava Sheva , Tuticorin , Penang

26/02

27/02

SMILE

SCI MUMBAI

SM503

SCI

Cochin , Kanda , Mangalore ,Cochin

28/02

29/02

CI2

WAN HAI 513

070E

WHL

Colombo ,Chennai

28/02

29/02

TCI COSTL

TCI ANAND

150272

TCI

Cochin , Kanda , Mangalore ,Cochin

VCTPL, Vizag

Nhava Sheva, Mundra, Port Qasim, Singapore

APM Terminal - Mumbai ETA

ETD

Service

Vessel Name

26/02

27/02

ASX

GFS GISELLE

Voy

Tuticorin,cochin,Pipava, Kandla,Jebel ali

Agent/Line

Calling Ports

SMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

24/02

25/02

PS3

HYUNDAI HONGKONG

HMM

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

27/02

28/02

ADHOC1

OOCL WASHINGTON

OCL

JED,NSA,BQM

2-3

3-3

CIX3

OOCL ASIA

OCL

Jebel Ali, Mundra,Hazira,Nhava Sheva

3-3

4-3

CWI

EVER ETHIC

EGI

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

26/02

27/02

CWX

TOMMI RITCHER

SEC

24/02

25/02

MINA

PAXI

HLI

Jebel Ali, Mundra,Hazira,Nhava Sheva

26/02

27/02

FM3

BEIJING BRIDGE

MAE

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

28/02

1-3

TIP

GEORGE WASHINGTON BRIDGE

ONE

Jebel Ali, Mundra,Hazira,Nhava Sheva

27/02

28/02

ME3

MAERSK KYRENIA

MAE

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

27/02

28/02

PS3

YM UPWARD

YML

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

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.

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

24/02

25/02

CHX

KOTA LATIF

106W

MSK

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

27/02

28/02

IEX

X-PRESS ANNAPURNA

2103W

HLI

Colombo, Damietta Piraes Rotterdam, London

27/02

28/02

CVK

MSC JANIS 3

XA107A

MSC

28/02

1-3

FME

CMA CGM BERLIOZ

0FD2AE1MA

FME

Port Kelang(North port), Singapore, Shanghai

28/02

29/02

CCG

SM NEYYAR

19

SMI

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

3-3

4-3

MDM

CAPE MAYOR

22708E

WHL

Colombo

ICTT - Vallarpadam

Shiprocket Raised Rs 200 Crore in Series C funding

E

Chennai

Port Wings News Network -commerce shipping platform Shiprocket has raised $27 million (Rs 200 crore) in Series C Funding, reports

TOI. The round was co-led by Tribe Capital, a leading Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica- based venture capital growth firm, Rahul Mehta of GST Global also participated in the round along with existing investor Bertelsmann India Investments.

The fundraising brings Shiprocket’s total funding to $53 million and the investment will be used for Shiprocket’s product development, hiring top talent across product data and engineering functions. The funds will also focus on global expansion plans.

``We already power shipping for over 100,000 merchants and have recently launched Shiprocket Fulfilment for extending the existing platform including the storage pick, pack and dispatch. Further, we want to invest in building world-class consumer experiences, as well as helping merchants develop their business with allied services in the coming years,’ Saahil Goel, co-founder and CEO, Shiprocket, said.

Launched in 2017, Shiprocket said it turned profitable in fiscal 2028-19 and has an annualised revenue run rate between $50-$60 million. Shiprocket currently processes more than four million monthly shipments, enabling more than 100,00 sellers to sell directly to their consumers across India. Shiprocket has earlier raised $26 million in funding from Bertelsmann India Investments, Nirvana Venture Partners, Beenext and 500 startups.

Feb. 24th - Mar. 3rd Issue

IMO launches a year of action for seafarers Chennai

T

Port Wings News Network he World Maritime Theme for 2021 is dedicated to seafarers, highlighting their central role in the future of shipping.

IMO has chosen to make 2021 a year of action for seafarers, who are facing unprecedented hardship due to the COVID-19 pandemic, despite their vital role as key workers for global supply chains.

The World Maritime Theme for 2021, “Seafarers: at the core of shipping’s future” seeks to increase the visibility of seafarers by drawing attention to the invaluable role they play now and will continue to play in the future.

The COVID-19 pandemic has placed extraordinary demands on seafarers, with hundreds of thousands of men and women stranded on ships for months beyond their original contracts, unable to be repatriated due to national travel restrictions. A similar number of seafarers are unable to join ships and earn a living. This crew change crisis, which has been ongoing for nearly a year, is a humanitarian emergency that threatens the safety of shipping.

Launching the World Maritime theme on 16 February, IMO Secretary-General Kitack Lim said more Governments must step up to end the crew change crisis.

“We all must do better to support our brave professionals who continue to deliver global trade.

The dedication and professionalism of more than one and a half million seafarers worldwide deserve our great admiration and gratitude – but most importantly, immediate action,” Mr Lim said.

“A first step would be for all countries to designate seafarers

as key workers, as outlined in the United Nations General Assembly Resolution adopted in December,” Mr Lim added, referring to the UNGA resolution on International cooperation to address challenges faced by seafarers as a result of the COVID-19 pandemic to support global supply chains.

Key worker designation is crucial to ensure seafarers can travel to and from ships and will facilitate access to priority vaccination. To date, 55 IMO Member States and two Associate Members have designated seafarers as key workers “We all must do better to support our brave professionals who continue to deliver global trade.

The dedication and professionalism of more than one and a half million seafarers worldwide deserve our great admiration and gratitude – but most importantly, immediate action.”

Throughout the year, the World Maritime Theme will also put the spotlight on other issues related to the human element of shipping, including the safety and security of life on board ships, seafarers’ well-being, and the importance of ensuring an appropriately trained and qualified workforce, ready to meet the challenges and opportunities of digitalization and automation.

The focus on seafarers is also in line with the work carried out by the Organization, since the beginning of the pandemic and before. “At IMO, seafarers have always been at the centre of all our work – be it in the area of safety, maritime security, or environmental protection,” IMO Secretary-General said.

The impacts of the COVID-19 pandemic will be discussed by the Sub-Committee on Human element,

Training and Watchkeeping (HTW), which took place this week (15-19 February).

Making voices of seafarers heard As part of its efforts to put seafarers at the heart of discussions, IMO is launching a series of profiles in which seafarers express their views on their work and the future of shipping.

In the first profile, Chief Engineer Matt Forster (United Kingdom) highlighted the importance of making seafarers more visible, particularly in the context of the crew change crisis.

“We’re the pillars of the supply chains around the world. Trade is coming by sea. But because people are not aware of us, we don’t get the support we need. We want people to know that it is the men and women within our industry that provide them with everything they need for their day-to-day lives. It’s not for praise, it’s to assist us in being recognised, to help us to get home, to see our families, to be with our loved ones, and to continue this supply chain going,” Mr Forster said.

Seafarers are vital to supply chains, delivering 80% of global trade, including food, medicine and energy. The World Maritime Theme for 2021, “Seafarers: at the core of shipping’s future”, will address many of the issues confronting the maritime workforce, including recruitment and retention of seafarers, diversity, training, environment protection and digitalisation of shipping. The 2021 theme is also a continuation of, and is directly linked to the 2020 theme “Sustainable Shipping for a Sustainable Planet” to highlight the role that seafarers will play in ensuring the sustainable future for shipping.

Pacific International Lines Appoints Goh Chung Hun as General Manager, Fleet Division Chennai

P

Port Wings News Network

acific International Lines (PIL) has appointed Mr. Goh Chung Hun as General Manager, Fleet Division, effective from 1 February 2021. Mr. Goh succeeds Captain R.S. Minhas from 15 February 2021.

Mr. Goh will be overseeing the management of PIL’s fleet, including technical, marine operations, safety and crewing at PIL. Mr. Goh brings with him almost 30 years of fleet management, technical, marine operations and seafaring experience. Prior to joining PIL, he was Director (Shipping) / Director (Marine) at the Maritime and Port Authority of Singapore (MPA), where he managed the Singapore registry of ships, flag state control, port state control, marine casualty investigations, maritime regulations, as well as the training and certification of seafarers. He was the head of Singapore’s delegation to the IMO for the Marine Environment Protection Committee (MEPC) and chaired the IMO working group that

finalised the upcoming ban on the use of heavy fuel oil in the Arctic.

During the Covid-19 pandemic, he was also responsible for setting up

a specialised team to manage and facilitate safe crew change at the Port of Singapore.

Prior to the MPA, Mr. Goh held various managerial positions in the private sector, including as General Manager at MP Offshore, where he oversaw the commercial, operational and technical management of offshore support vessels. He was also the Marine Operations Manager in Singapore for classification society

Lloyd’s Register. He holds a Master of Science (Maritime Studies) from Nanyang Technological University and a Class 1 Certificate of Competency in Marine Engineering.

Mr. S.S Teo, Executive Chairman, said: “We are pleased to welcome Chung Hun to PIL with his wealth of experience in the public and private maritime sector. Effective fleet management is at the core of PIL. This includes the health, safety and well-being of our seafarers which has always been, and will continue to be at the top of our priorities, especially during this Covid-19 period. I trust that Chung Hun will be a worthy torchbearer for these founding principles.”

Mr. S.S Teo stated: “We would also like to thank Captain Minhas for his over 17 years of dedicated service to PIL. In his most recent role as General Manager of Fleet Division, among other achievements, he was instrumental in streamlining PIL’s fleet management processes, improving the monitoring of vessels and ensuring PIL’s compliance with IMO sulphur regulations. PIL would like to wish him all the best in his future endeavours.”

7

NEWS - BITS New opportunities for Latvian timber exports to the USA

At the beginning of February, a large vessel with Latvian timber products to be exported to the USA was loaded at the Riga port company “KS Terminal”.

The 200-meter-long bulk carrier “Kambos” left Riga sailing to the port of Houston in the USA with 20,000 m3 of wood particle boards, which were made at the Latvian plant of the company “Kronospan”, Freeport of Riga says in a press release.

The transshipment volumes of Latvian wood processing products in the port of Riga are growing every year. Last year, 6 million tons of various timber products was handled at the terminals of the Port of Riga, ranking them at the top of the largest cargo groups of the Port of Riga providing a quarter of the total port portfolio. The largest timber market for Latvian exporters is European countries, which can be reached by large vessels bulk carriers. Vessels of this size regularly arrive at “KS Termina” berths for loading forestry cargo.

Latvian exporters are shipping timber cargo to the US markets on a regular basis, but this is usually done in smaller quantities and in containers with transshipment in Rotterdam, or in one of the other major European container ports. Container cargo transshipment via other ports is undoubtedly much more expensive than sending cargo directly from Riga to the final destination, and there is a certain impact on the competitiveness of Latvian wood processing exports.

Throughput of port Riga (Latvia) in January 2021 dropped by 20.3%

In January 2021, the Freeport of Riga (Latvia) handled 1.7 million tonnes of cargo (-20.3%, year-on-year). According to the port’s statistics, handing of grain increased by 42.3% to 275,000 tonnes, coal handling fell by 99% to 4,000 tonnes, chemicals – down 16.1% to 102,200 tonnes, ore – 99,600 tonnes (no handling in January 2020), wood pellets – down 12.1% to 169,000 tonnes, wood chips – down 51.6% to 74,700 tonnes, sawn timber – up 2.1 times to 31,100 tonnes, oil products - down 21.1% to 257,100 tonnes, timber – up 15.2% to 190,400 tonnes. The Port’s container throughput fell by 13.2% to 32,700 TEUs. No passengers were serviced in the port in January 2021.

Freeport of Riga lies on both banks of the River Daugava covering 6.3 hectares. The port’s berth length is 13,800 meters, maximum draft at the berths is 12.2 meters. Up to 80% of the Freeport of Riga cargo turnover is made up of transit cargoes forwarded to or received from the CIS countries.

In 2020, the port handled 23.7 million tonnes of cargo.

Ukraine’s Mykolaiv Port Volume In January 2021 Plummets 24%

The volume of cargo handled at the Port of Mykolaiv (Ukraine) in January 2021 dropped by 24% on the same period a year earlier to 1.99 million tonnes, the “Ports of Ukraine” resource reports citing statistics of the Ukraine Sea Ports Authority (USPA).

In the reporting period export freight traffice decreased by 30.6% to 1.39 million tonnes, short-sea traffic volume fell by 21.2% to 54 300 tonnes.

Imports edged up 0.1% to 516 800 tonnes and transit cargo – by 1.3% to 71 600 tonnes.

Handling of dry bulk cargo fell by 30.6% to 1.43 million tonnes, of breakbulk cargo – by 18.4% to 270 900 tonnes At the same time there was a 29.1-percent growth in the segment of liquid bulk cargo – the port operators handled 285 400 tonnes. The Port of Mykolaiv has access to the sea through Dnieper-Bug Canal passing along the Dnieper-Bug estuary and the Yuzhny Bug River. The port features 21 loading terminals (including the Ochakov port locality) with quay wall of total length of 3.82 km. Terminal operators at the port are the following: Dnepro-Bugsky Sea Terminal LLC, Stevedoring Company Nikmet-Terminal LLC, GPZKU Mykolaiv Port Elevator JSC, Stevedoring Investment Company LLC, New European Company LLC, LLC Grintur-EKS, Avery LLC, Mikont LLC, NIBULON Agricultural Enterprise LLC.

CUSTOMS EXCHANGE RATES Notification No.18/2020 (N.T.) ALL RATES PER UNIT

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

with effect from 19th Feb. 2021

RATE (INR) Import Export 57.70 199.70 58.40 11.45 12.00 89.25 9.55 248.85 53.70 8.70 102.65 20.65 20.05 55.80 5.10 8.90 82.65 10.75 20.50 73.70 70.10 6.80

55.30 187.00 56.30 11.10 11.55 86.10 9.20 232.90 51.35 8.40 99.15 19.40 18.80 53.90 4.80 8.60 79.40 10.10 19.20 72.00 67.50 6.40

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

RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8.

Date of Publication - Wednesday, Posted on Tuesday / Wednesday

8

Feb. 24th - Mar. 3rd Issue

History Is Made: Ngozi Okonjo-Iweala Chosen As Director-General Chennai

W

Port Wings News Network TO members made history today (15 February) when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh DirectorGeneral.

When she takes office on 1 March, Dr OkonjoIweala will become the first woman and the first African to be chosen as Director-General.

Her term, renewable, will expire on 31 August 2025.

“This is a very significant moment for the WTO. On behalf of the General Council, I extend our warmest congratulations to Dr Ngozi Okonjo-Iweala on her appointment as the WTO’s next DirectorGeneral and formally welcome her to this General Council meeting,” said General Council Chair David Walker of New Zealand who, together with co-facilitators Amb. Dacio Castillo (Honduras) and Amb. Harald Aspelund (Iceland) led the nine-month DG selection process.

“Dr Ngozi, on behalf of all members I wish to sincerely thank you for your graciousness in these exceptional months, and for your patience. We look forward to collaborating closely with you, Dr Ngozi, and I am certain that all members will work with you constructively during your tenure as

Director-General to shape the future of this organization,” he added.

Dr Okonjo-Iweala said a key priority for her would be to work with members to quickly address the economic and health consequences brought about by the COVID-19 pandemic.

“I am honoured to have been selected by WTO members as WTO Director-General,” said Dr OkonjoIweala. “A strong WTO is vital if we are to recover fully and rapidly from the devastation wrought by the COVID-19 pandemic. I look forward to working with members to shape and implement the policy responses we need to get the global economy going again. Our organization faces a great many challenges but working together we can collectively make the WTO stronger, more agile and better adapted to the realities of today.”

The General Council decision follows months of uncertainty which arose when the United States initially refused to join the consensus around Dr Okonjo-Iweala and threw its support behind Trade Minister Yoo Myung-hee of the Republic of Korea. But following Ms Yoo’s decision on 5 February to withdraw her candidacy, the administration of newly elected US President Joseph R. Biden Jr. dropped the US objection and announced instead that Washington extends its “strong

support” to the candidacy of Dr Okonjo-Iweala.

Amb. Walker extended his thanks to all eight of the candidates who participated in the selection process and particularly to Ms Yoo “for her ongoing commitment to and support for the multilateral trading system and for the WTO”.

The General Council agreed on 31 July that there would be three stages of consultations held over a two-month period commencing 7 September. During these confidential consultations, the field of candidates was narrowed from eight to five and then two. On 28 October, General Council Chair David Walker of New Zealand had informed members that based on consultations with all delegations Dr Okonjo-Iweala was best poised to attain consensus of the 164 WTO members and that she had the deepest and the broadest support among the membership. At that meeting, the United States was the only WTO member which said it could not join the consensus.

The consultation process undertaken by the chair and facilitators was established through guidelines agreed by all WTO members in a 2002 General Council decision. These guidelines spelled out the key criteria in determining the candidate best positioned to gain consensus is the “breadth of support” each candidate receives from the members. During the DG selection processes of 2005 and 2013, breadth of support was defined as “the distribution of preferences across geographic regions and

among the categories of members generally recognized in WTO provisions: that is (Least developed countries), developing countries and developed countries”. This same process, agreed by all members in the General Council in 2020, was strictly followed by Chair Walker and his colleagues throughout the 2020-21 DG selection process.

The process for selecting a new Director-General was triggered on 14 May when former DirectorGeneral Mr Roberto Azevêdo informed WTO members he would be stepping down from his post one year before the expiry of his mandate. He subsequently left office on 31 August.

IATA’s Chief Economist to Retire Chennai

T

Port Wings News Network he International Air Transport Association (IATA) announced that its Chief Economist, Brian Pearce, will retire from the organization in July 2021.

A recruitment process has been launched to find a successor in time for a smooth transition.

Pearce joined IATA in 2004.

Since then he has built IATA’s evidence-based economic analysis capabilities into the most authoritative source of insight on aviation’s global performance. He also serves on the Association’s Strategic Leadership team.

“Brian has been an amazing asset for IATA and for the entire industry. His team’s research and analysis have been powerful tools impacting how governments develop policies to realize the economic and social benefits of a successful aviation sector. And he has become the go-to commentator on economic developments in air transport. Most notable is his personal contribution

to promoting the airline sector’s progressive economic liberalization, achieving an historic agreement to manage aviation’s climate change impact, and helping the world understand the devastating impact of the COVID-19 crisis on aviation.

Brian will leave IATA having set a very high bar for its trusted economic analysis. We wish him the best for a well-deserved retirement that will no doubt include endeavors that keep him close to aviation developments,” said Alexandre de Juniac, IATA’s Director General and CEO. Pearce is also a Visiting Professor at Cranfield University’s Department of Air Transport and has been on panels of expert advisers for the UK Airports Commission, the UK Department for Transport and the International Civil Aviation Organization. Prior to IATA, Brian was director of the Centre for Sustainable Investment at the Forum for the Future, head of global economic research at the investment bank SBC Warburg in Tokyo and then London, and Chief Economist at Ernst & Young’s economic forecasting consultancy.

FUMIGATION SERVICES v India’s 1st fumigation company to be accredited with NSPM 12 Standards v All the branches of Fumigation Services have been accredited

by Australian Quarantine & Inspection Services (AQIS) v Phyto Sanitary Certificate Arrangements v Container Fumigation v Ship holds Fumigation v Ware House Fumigation v Disinfestation of Vessels

26

YEARS

Akil Enterprises (Exim Logistics Agency)

• Clearing & Forwarding Services • Sea, Air Freight Services • Break Bulk Cargo Handling • Container Movements • Supply Chain Managements • Warehousing Arrangements No.72/149, Linghi Chetty Street, 1 Floor, Mannady, Chennai - 600 001. India Ph: 0091-44-42166381 / 25260381 Email: aeclear@gmail.com st

v All Type of Residential & Commercial Pest Control Services 26

YEARS

S er

vice

nt Truly Differe

Experts in wooden pallet fumigation and Heat Treatment Please Contact for your requirements:

FUMIGATION SERVICES

No.1, Buddu Street, 3rd Floor, Chennai - 600 001 Phone:

E-mail:

4242 7777, 2521 3409, 2522 1241 For Booking

: fumibooking@vsnl.net

2526 7488, 2521 7488, 2522 7488 For PQ Arrangements : pqfumigation@vsnl.net 2522 0626, 2522 5061, 2524 0672 For New Enquires

: fumi@vsnl.com

Branches:

Bangalore, Cochin, Coimbatore, Delhi, Guntur, Hosur, Hyderabad, Kakinada, Krishnapatnam, Mangalore, Mumbai, Mundra/Gandhidham, Tuticorin, Vizag

www.fumigationservice.com

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.

37