Port Wings Maritime Exim Weekly Newspaper 10 March 2021 Issue

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Mar. 10th - 16th Issue

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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741

Wednesday, March 10, 2021

8 Pages

Oman Ports Rated World’s No.1 In Container Handling Chennai

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Port Wings News Network he United Nations Conference on Trade and Development (UNCTAD) has rated Oman’s ports as No. 1 in the world in terms of speed of container handling, as per the UNCTAD annual index 2020, reports Trade Arabia The index, issued recently about the development of maritime transport last year, asserts that container vessels’ stay in the Sultanate’s ports averaged only 12.5 hours, including all entry, exit, loading and unloading operations, reported Oman News Agency (ONA).

The accomplishment caps the efforts undertaken by Asyad and partners in the public and private sectors to facilitate procedures in ports and introduce many worldclass electronic solutions in handling operations. It also comes in implementation of the National Logistics Strategy 2040 aimed to make the Sultanate a global logistics hub, notably by opening new direct maritime routes and forging alliances with international maritime firms to provide direct connection with Omani ports.

The UNCTAD report affirmed that the Sultanate, Poland and the United Arab Emirates are the most competent in handling containers, benefiting from a massive stock of transient goods that engage the three countries’ main stations as active destinations for private international operators.

The report said that the Sultanate also benefited from electronic procedures devised and endorsed prior to the outbreak of coronavirus (Covid-19) pandemic. This includes

pre-dated electronic clearance in business operations, electronic processing of cargo data 48 hours in advance and the expansion of electronic services for the exchange

ports.

Asyad puts the capabilities of the Sultanate’s ports at the service of merchants, importers and exporters.

It provides all sorts of shipping

of documents and payments.

Asyad Group connects Oman’s ports with regional and international counterparts as a measure to speed up direct import. The Group supports this connectivity with a promotional campaign to encourage direct international liners to utilize the incentives offered by Omani

solutions for the transport of different types of commodities and goods from the country of origin. It also operates an advanced customs clearance system in the Sultanate’s ports to clear 90% of goods within the first hour of arrival of the vessel, while the remaining 20% is cleared onboard the vessels at sea.

Container shipping could save $4bn a year from 50% take-up of e-Bills of Lading Chennai

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Port Wings News Network 50% adoption of usage of electronic Bills of Ladings by shippers in the next 10 years could save the container shipping $4bn in costs annually.

Despite this significant cost

saving estimated by the Digital Container Shipping Association (DCSA) the adoption of the e-Bill of Lading remains in its infancy.

The idea of an a digital or e-Bill of Lading has been around for the better around 30 years, however, Contd. on page -2

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Containership Orderbook Poised For Growth Chennai

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Port Wings News Network apag-Lloyd ceo Rolf Habben Jansen welcomed recent new additions to the orderbook, and expects further orders over the next two quarters to bring the orderbook to “healthy” levels.

After a decade of failing to cover capital costs in container shipping, box lines have enjoyed a period of higher rates and quarterly profits

as a consequence of the Covid-19 pandemic. This good fortune may lead owners to place new orders at shipyards, something Hapag-Lloyd ceo Rolf Habben Jansen welcomed in a speech at TPM21.

“I’ve said already many times that in my view the orderbook at the moment is a little bit too small,” said Habben Jansen. With industry growth of a few percentage points per year, and the need to replace tonnage leaving the fleet, the current orderbook of 10-11% is insufficient, said Habben Jansen.

“I welcome the orders that have been put into the book in the last couple of months. I would expect

FumiGATiON SeRViCeS pVT LTD.,

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that more orders are going to follow in the upcoming couple of quarters.

I’d like to think that we will get back to a level that’s more or less healthy for the industry which is anywhere between 14% and 17%,” he said.

Hapag-Lloyd is among the lines that have been ordering and contracted six, 23,500 teu, dualfuel LNG powered newbuildings at Daewoo Shipbuilding & Marine Engineering (DSME) in December last year.

Habben Jansen recalled the situation around 2007 when the orderbook reached 60% of the fleet, but believes there’s little reason to fear such overordering again as the circumstances were very different in that time period.

RETURN TO NORMAL After the disruption and lower reliability caused by the impact of Covid-19 on shipping demand, Habben Jansen said he expects a return to normalcy across the industry within the next one or two quarters.

“If we try to look ahead today, then I do believe that containers will slowly but steadily start flowing more fluidly in the course of the upcoming months, we probably have a difficult 6-8 weeks ahead of us and I do expect it to get better in the course of the second quarter,” said Habben Jansen.

“At that time we will then be Contd. on page -2

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Mar. 10th - 16th Issue

Containership Orderbook Poised For...

Wednesday, March 10, 2021

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Reflagging Shipping Corp Ships

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eflagging clarity will be crucial for foreign-based interest in SCI, though, the internationally Indian flag is considered to be one of the worthiest flags in several ways including from commercial

angle.

However, it does call for in-depth dwelling in terms of regulatory matters coupled with turnaround time (on flagging procedures) from the authorities compared to flags of convenience. Among many conditions laid down in the expression of interest (EoI), retention of Indian flag is not expressed.

So, it will not be fair to speculate otherwise. Irrespective, it will be of utmost importance to see and understand improved excellence of India’s shipping processes and greater ease of doing business. Why should we even think that there will be an impact on privatisation of SCI if the government does not allow changeover of flag, despite India projected to be the third largest economy by 2030 with abundance of coastal shipping opportunities.

The customer does not pay a penny extra and gets the cargo transported at the most competitively discovered market rate. The government does not offer any subsidy to the shipowners to carry the cargo at the lowest rate. So, who is the loser? No one. Who is the winner? Customers. Many times, it is also true that foreign owners on learning that Indian ship owners are in the fray, drop their rates to unbearable levels which the Indian owners are required to match.

In such cases the customer gains. However, the reverse is also true when foreign owners jack up their rates when there are no competing Indian flag ships on the tender. Due to inadequacy of Indian tonnage, there aren’t any Indian flag ships participating in maximum number of cases (tenders). As a result, the latter case holds true and the Indian EXIM trade is forced to pay higher freight. Therefore, the government should encourage the growth of Indian tonnage.

The Union government is in the process of disinvestment of Shipping Corporation of India. however is unable to determine if it ought to insist on an Indian flag even after the selloff. This issue has not been addressed simply yet, by the Centre.

The transport ministry is eager that ships belonging to the general public sector firm, which is among the many excessive-profile entities on the selloff record being pushed by the federal government, ought to retain the Indian flag even publish-disinvestment.

This, the ministry believes, will assist use them for emergency operations, as has been the case previously, though the opposite authorities departments engaged within the train don’t have a set view on the problem. In case the corporate is acquired by an Indian entity, the problem is not going to be a significant concern. But the transport ministry’s issues seem to emanate from the chance of an abroad firm buying Shipping Corporation. As a end result, one view is to get the overseas entity to arrange an Indian firm and purchase the federal government shares by means of this firm.

According to guidelines, the standing of an Indian ship can be given solely if it’s owned by an Indian citizen or an entity “established by or under any central or state Act which has its principle place of business in India”. Alternatively, ships owned by a co-operative society, which is Sample registered TEXT or deemed to be registered beneath a legislation governing co-operative societies, may be given the tag.

Given {that a} remaining view couldn’t be taken on the problem, a panel of officers has opted to go away it, whereas making ready the preliminary data memorandum and can handle it forward of the subsequent section. Now the global economy is hit hard by the Corona pandemic, experts ask whether it is the right time to sell off SCI?

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Continued from page -1 entering peak season again, so… we need to work very hard to make sure that over the next couple of months we get back to a normal situation. Our target is to have that done by the latest at the end of the second quarter.”

He said that reliability has simply not been good enough across the industry and that he expects with some hard work from all stakeholders things will improve in the second half of 2021. One bright spot Jansen picked out was the benefits the industry had reaped from digitalisation.

“Going digital is very possible

and it has a lot of merit. If this type of pandemic had hit us 10-15 years ago, it would have been a very, very different situation, with a lot more chaos than we’ve seen over the last 12 months.”

THE LONG VIEW Asked whether the pandemic threated the globalisation that shipping relies on for much of its cargo, Jansen said he expects a change in behaviour but not the death of globalisation. People will want to be less dependent on a single source for supplies and may look for closer origins over distant ones, said Jansen, “I think globalisation

is going to change, but I don’t think it’s going to disappear. I don’t think you see a trend that globalisation is going down.”

Habben Jansen noted that Covid-19 still posed a threat to the industry’s recovery, and that improvements will depend on the progress of vaccination programmes and the absence of any more serious variants of the virus. Shorter term plans at Hapag-Lloyd changed quarter by quarter over the past year as the pandemic developed and affected the sector, said Jansen, so the company is aware of the likelihood of plans changing.

Container shipping could save $4bn...

Continued from page -1 difficulties in moving paper documentation around the world with the onset of the Covid-19 pandemic last year is finally starting to drive adoption in container shipping.

Andre Simha, Global Chief Digital and Information Officer for MSC, “The pandemic has brought an urgency to the digital development like the bill of lading as the cargo in ports couldn’t be gated out because paper was stuck somewhere due to air freight delays. With the world situation it has accelerated the need to digitise these documents.”

Even so adoption is still in the early stages and MSC started pilot schemes with a number of customers last year, including D-Well and British Steel.

“It seems very simple for people

coming from different industries, airlines have managed to make e-tickets and e-boarding passes, banks have had SWIFT for 30 years, but here we are and we need to find a solution,” said Simha, who is also chairman of the DCSA. “Looking at overall costs it’s estimated an e-bill of lading is roughly three times more economical than a traditional bill of lading.”

But despite the obvious cost benefits as well as environmental from not having move documents via air transport the authorities and banks in some countries are harder to be convinced to make the switch.

“We are promoting this to the regulatory authorities and the banks who are the parties being a bit more cautious about this,” Simha said.

“Today what we see there are

some cases where you cannot use an e-Bill of Lading, there are some countries that will not accept a document which is not on paper and signed and stamped and there we need to put the pressure as well as the import customers to change that.”

So how quickly will change come? While Simha quipped that he’d left his crystal ball in the dishwasher he believes adoption will need to be fairly swift. “I see this happening either relatively quickly, so I think in the next couple of years this needs to change completely, or we’ll have to find another way. With the speed we want to do business today…. it has to change.”

Looking beyond e-Bills of Lading Simha said the industry needed to digitise all the other trade documents it was moving around the world.

IRClass Highlights Safety As Key To Doubling Ship Recycling Capacity In Alang By 2024 Chennai

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Port Wings News Network ndian Register of Shipping (IRClass), an international ship classification society, underlines high safety standards as key to doubling India’s ship recycling capacity by 2024, an ambitious target set by Indian government in the recent Union Budget 2021-22 , according to IRClass source.

IRClass has been a strong supporter and an advocate for sustainable ship recycling with an office in Alang, India since 2016. With IRClass’ presence and active promotion of higher safety standards in Alang, fatalities from ship breaking incidents saw a significant reduction in the last two to three years. As of today, 40% of recycling yards in Alang, have ISO certifications including ISO 9001:2015, ISO 14001:2015, ISO 30000:2009 and ISO 45000 from IRClass Systems and Solutions Pvt Ltd (ISSPL), an entity promoted by Indian Register of Shipping.

IRQS (division of ISSPL) is a Certification Body accredited by EU approved Dutch Accreditation Council – Raad voor Accreditatie (RvA) (IAF member) and has been instrumental in enhancing safety of workers and environmental protection via implementation of Health Safety Environment Quality and Ship Recycling management systems.

The ISO 30000:2009 standard is specific to ensure a ship recycling facility develops and implements procedures to allow for a safe and environmentally sound ship recycling operations in accordance with national and international standards.

This standard also contributes to the Sustainable Development Goals set by the United Nations to promote development while protecting the planet.

Mr Arun Sharma, Executive Chairman of IRClass said: “India has the world’s largest ship recycling operations, and it is imperative we have a rigorous process in place to ensure that these operations do not pose any unacceptable risks to human health, safety and our environment.

IRClass also recognises the fact that use of steel from recycled ships provides an alternative means of steel availability thus ensuring reduced GHG emissions during steel production.”

“So far, the stringent training evaluation process by IRClass together with the collective efforts of all stakeholders has resulted in a 90% reduction in fatal accident in the year 2019 when compared 2018 fatal accident statistics. We are proud to see this trend continue into 2020 when Zero fatal accidents were recorded in Alang.”

The Hong Kong Convention has been a game changer for Indian yards and IRClass is proud to issue the Statement of Compliance to over a dozen ship recycling yards in Alang after thorough verification.

In addition, IRClass was the first classification society to be identified as an Independent Verifier and the first to initiate training programmes at Alang to raise the awareness of the workers and supervisors about the risks involved in ship recycling industry.

In October 2018, the Government of India recognized IRClass as the sole evaluators of 12-days mandatory training courses being conducted by the Gujarat Maritime Board for workers in Alang to ensure only eligible workers can join the industry. IRClass has also conducted more than 25 “Trainthe-Trainer” Programmes for safety professionals in Alang together with ship owners between 2018 and 2019.

Mr Sharma continued: “India’s share of the ship recycling business is around 30% but with ratification of the international convention – we are undoubtably on track to capture a significant share of the global ship recycling market. IRClass with its presence in Bangladesh and Turkey will continue to intensify its efforts to make ship recycling industry greener and safer for the environment and its people.”

Mar. 10th - 16th Issue

MIS2021: Paradip Port Hosts Special Session on Investment Opportunities in Odisha Paradip

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Port Wings News Network hri Vinit Kumar, Chairman, Paradip Port Trust (PPT), during his welcome address impressed upon importance of Port led Industrilization. He also

showed a short film on Investment Opportunities in Odisha.

Shri Padmanabha Behera, Hon’ble Minister, Ministry of Planning and Convergence, Commerce & Transport: GoO has been proactively following a policy of promoting developing non-major Ports in the State in PPP Mode since 2004.

Two Ports have been functional and three are in the pipeline including proposed Mahanadi Riverine Port in Kendrapara District. Development of National Waterways five will be economical viable and provide an alternative route for transportation of minerals to Paradip. GoO has entered into several MoUs for establishment of Heavy Industries in the sectors like steel, thermal power, aluminium and petrochemicals in the State. Development of Port Sector will play in sustainable and inclusive growth of the State.

Shri Madhu Sudan Padhi, IAS, Principal Secretary, Department of Commerce & Transport, GoO: Elaborating on Port Sector and Port-led development in the State of Odisha. Shri Padhi told that as per study by IIT, Chennai, 14 locations have been identified for development of non-Major Ports. Odisha Govt. is following a proactive policy, in which pvt. Players are encouraged to establish Ports in BOOST method.

For upcoming Mahanadi Riverine Port, GoO is going to sign an MoU with PPT soon. The upcoming 12 MT JSW Steel Plant is going to establish a Port at the mouth of Jatadhari river. The concept of Portled Industrialisation future success story of Odisha. A Port near Nua Nai in Puri will promote cruise tourism in the region and can be a clean cargo Port with container handling.

Transparent Port policy and friendly industrial policy will make journey of potentials investors, easy.

Shri Hemanta Sharma, IAS, Principal Secretary, Department of Industries, GoO: Highlighting the Port led development in the State, he said

that Odisha is growing leaps and bounds in industrialisation trade and commerce. State is currently surplus in electricity, rich in industrial water and of late, intense hinterland road, rail network. We have a very skilled and professional workforce for upcoming industrial economy.

In the last few years both the state and Central Government are trying to develop hinterland infrastructure like road, rail, airport and pipeline etc. so that they will link the industrial clusters with the Ports.

Today the Ports of Odisha are the gateways to the ASEAN countries.

Ports will definitely add to the Industrial infrastructure.

Shri Dilip Oommen, CEO, AMNS: For setting up a Steel Plant one must rein in cost of logistics, the 480 KM long sea coast and the vast mineral deposit gives Odisha an advantage. For rapid industrialisation in the State, the CAGR has been 10.4, which is more than national average. PPT is doing wonderful job in cargo movement.

OSBD is remarkable and the business has grown 9 times within last 18 years. For skill development the Odisha Govt. needs to do more ship re-cycling industry must be given a boost for more ship manufacturing Unit. We should add value by exporting steel instead of iron ore. The AMNS wants to make Odisha steel hub of India.

Shri VR Sharma, Managing Director, JSPL: Shri Sharma stressed upon more infrastructure to be developed for export of additional steel cargo in the state. Called for dedicated Ports may come up related to exports of steel in the State. Eastern belt of the country is having 28 MT steel export capacity. He further stressed upon infrastructure development for rail & port connectivity.

Shri Dibyendu Bose, Vice President, Supply Chain, Tata Steel: Tata Steel is in the process of developing the Subarnnarekha project. The vision for maritime sector in Odisha for Tata Steel is to strategically dedicate one port for each of its plant to keep it supply chain going. Paradip Port for Angul plant, Dhamara Port for Kalinga Nagar plant and Subarnrekha Port for Jamshedpur plant. For production of additional 30 MT steel, the Ports will handle additional 32 MT. raw materials. Tata Steel has signed an agreement for handling at KICT terminal if PPT. For development of Western Dock, Tata Steel will be interested. This is how Tata Steel has designed its supply chain network.

Shri Dharmedra Pradhan, Hon’ble Cabinet Minister, Ministry of Petroleum & Natural Gas and Steel: Union Petroleum and Natural Gas & Steel Minister Shri Dharmendra Pradhan today said that Odisha’s coastline is going to be the hub of maritime trade. While addressing the “Investment Opportunities in Odisha’ session in the Maritime India Summit 2021, he also assured all potential investors that the Central and State Governments are working in tandem to make Odisha an attractive investment destination.

Shri Pradhan said that Odisha has a rich maritime history and

thousands of years ago navigators of the state sailed to different parts of the globe to bring fortune and glory to the state. He further said that at one point of time in history, we were one of the most prosperous civilizations of the world and today in the 21st century, PM Modi has given a clarion call of Aatmanirbhar

Bharat and $5 trillion economy.

With natural harbours, rich natural resources, long coastline and skillable and hardworking manpower, Odisha is uniquely poised to be the part of Aatmanirbhar journey and contribute to the making of $5 trillion economy.

The minister said that in the 21st century, the global network of trade and commerce will be maritime and Odisha’s coast will be the gateway.

Paradip is going to be the gateway of growth of eastern part of country.

Kalinganagar is being developed as a steel hub, envisages to become a self-contained ecosystem, and will enable the potential investors for setting up value added downstream facilities. Our initiatives in the petroleum and steel sectors will provide impetus to the maritime economy in Odisha. He said that anchor industries and companies are needed for development and operations of new ports in Odisha and optimal utilization of riverine and sea port area.

He reiterated Prime Minister’s vision of Purvodaya to drive eastern India’s growth to keep pace with the growth in other regions of the country and its importance in achieving national growth.

Shri Pradhan said that Integration of crucial infrastructure Road, Rail and Port will lead to the industrial development of Odisha. Potential for port-led Blue Economy will be unlocked with the multi-modal rail, road and air linkages with sea and riverine port for transport of minerals and goods at much lower logistics cost.

Shri Pradhan said that Odisha serves as a link between eastern & western India through the railway network of the South Eastern Railways & the East Coast Railways. There is further potential for integrating railway freight corridors with key ports in Odisha and setting up of maintenance and engineering projects in the State.

Regarding petroleum sector investments, Shri Pradhan said Oil and Gas CPSEs have spearheaded a number of infrastructure investments in the State of Odisha including in oil refining, gas pipeline infrastructure, marketing infrastructure and city gas distribution networks. He also echoed Prime Minister’s thoughts on the Government’s role to not to be wealth creators themselves but to provide policy certainty to the wealth creators in order to thrive.

Shri A.K Bose, Dy. Chairman, PPT conducted the Q&A session.

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Maritime India Summit-2021 celebrates ‘Chabahar Day’ New Delhi Port Wings News Network habahar Day was commemorated on the sidelines of the Second edition of International Maritime Summit-2021 in the virtual format.

The event was attended and addressed by Mr Qudratullah Zaki, Minister of Transport, Islamic Republic of Afghanistan, Mr Suren Papikyan, Minister of Territorial Administration and Infrastructures, Republic of A r m e n i a , M o h a m m a d Eslami, Minister of Roads and Urban Development, Islamic Republic of Iran, Mr. Berik Kamaliev, Deputy Industry and Infrastructure Development Minister, Republic of Kazakhstan, Mr Oleg N Ryazantsev, Deputy Minister of Industry and Trade, Russian Federation and Mr. Mr Choriyev Jasurbek Ergashevich, Deputy Minister of Transport, Republic of Uzbekistan. Minister of External Affairs, Dr. S. Jaishankar, addressed the session.

The meeting was chaired by Shri Mansukh Mandaviya, Minister of State (Independent Charge) for the Ministry of Ports, Shipping and Waterways and Minister of State for Chemical & Fertilizers who also delivered the keynote address.

Secretary (Ports, Shipping and Waterways), Shri Sanjeev Ranjan delivered welcome remarks.

The ministers stressed on the increasing need for closer cooperation in the creation of an integrated multi-modal transport system to enhance regional connectivity. Dr. S Jaishankar recounted the historic visit of Hon’ble PM to Iran in 2016 which paved the way for Trilateral Agreement between India, Iran & Afghanistan.

Shri Mansukh Mandaviya, Minister of State (Independent Charge) termed Chabahar port as the “connecting point” for the region to deliver humanitarian assistance, especially during the COVID pandemic. He also mentioned Chabahar Port as part of our shared commitment towards peace, stability and prosperity of the people of Afghanistan. Chabahar

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has allowed India to export humanitarian supplies to Kabul and has also helped Afghanistan diversify its export opportunities.

Shri Mandaviya while stressing on enhancing regional connectivity, stressed the significance of activation of INSTC along with the proposal to hold the next INSTC Coordination Council Meeting in DVC format. He informed that till 31st January, 2021, about 123 vessels have berthed at our terminal.

I P G C F Z have handled approximately 13,752 TEUs and 1.8 million tons of bulk and general cargo.

Efforts are going on to improve the traffic at Chabahar Port. Recently two Mobile Harbour Cranes have successfully been shipped to Iran from Italy via Mumbai in January, 2021. Four more will reach the port shortly.

Secretary (Ports, Shipping and Waterways), Shri Sanjeev Ranjan focused on the significance of Indian involvement for development of Chabahar Port and its achievements.

He also stressed the role of Chabahar Port as a transit hub to support landlocked countries of Central Asia and Afghanistan by giving access to the open seas, optimizing logistic cost by bringing in efficiency, and creating a reliable and safe transport corridor.

The Ministerial level opening session was followed by two webinar sessions which had the presence of eminent personalities and dignitaries including Mohammad Rastad, Deputy Minister of Roads and Urban Development and Managing Director, Ports and Maritime Organisation of Iran; Dr Saeid Rasouli, Vice-Minister for Roads and Urban Development, Chairman of the Board and President of Railways of the Islamic Republic of Iran (RAI); Dr Davood Moradian, Director General, Afghanistan’s Institute of Strategic Studies; Ms Zakia Wardak, Consulate General of the Islamic Republic of Afghanistan; Mr Farhad Mammadov Deputy Director, State Maritime Agency under the Ministry of Transport, Communications and High Technologies of the Republic of Azerbaijan.

Govt Gets Multiple Bids For SCI Privatisation Chennai

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Port Wings News Network he government has received multiple bids for privatisation of Shipping Corporation of India, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said on Monday, reports BusinessLine.

DIPAM in December had invited expressions of interest (EoI) for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India, along with the transfer of management.The last date for submitting the bids was February 13, which was later extended to March 1. “Multiple Expressions of Interest have been received for privatisation of Shipping Corporation of India Limited. The transaction will now move to the second stage,” Pandey tweeted.

The Cabinet had in November

last year given an in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd. However, the plans were delayed due to the pandemic.

In her Budget speech for 202122 Finance Minister Nirmala Sitharaman had said, “a number of transactions namely Bharat Petroleum Corp Ltd, Air India, Shipping Corp of India, Container Corp of India, IDBI Bank, BEML Ltd, Pawan Hans, Neelachal Ispat Nigam Ltd among others would be completed in 2021-22.” The government has already received multiple EoIs for privatisation of BPCL, Air India, and Pawan Hans.

For 2021-22, the government has set a disinvestment target of Rs 1.75 lakh crore, over five times what it is aiming to raise in the current financial year. In the Revised Estimates, the target has been set at Rs 32,000 crore for current fiscal.

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Mar. 10th - 16th Issue

JNPT Highlights Importance of Developing Mega Ports With World-Class Infrastructure Mumbai

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Port Wings News Network he three-day long, ‘Maritime India Summit 2021’ concluded with great enthusiasm and fervour, also with new hope and abundant opportunities in the maritime sector. As India aims to emerge as a leading Blue Economy of the world, the summit witnessed MoU signings, and investment opportunities, according to Jawaharlal Nehru Port Trust sources.

On the first day of the summit, Sanjay Sethi, IAS, Chairman, Jawaharlal Nehru Port Trust, India’s premier container port, hosted the plenary session, Developing WorldClass Ports. The summit was held, with the objective of unveiling ample opportunities in the maritime sector.

The summit also propelled India to the forefront the Global Maritime industry as the summit hosted forums for interaction and collaboration with the Indian and International Ports, Shipping and Maritime Companies, Investors, and other stakeholders. MIS 2021 provided a powerful platform for international collaboration and helped bring in partner countries for mutual exchange of knowledge and opportunities.

Sanjay Sethi shared his thoughts on the importance of Developing Mega Ports with world-class infrastructure whilst Developing Smart Ports to improve Ease of Doing Business and the impact of Digitization of the Ports and Terminals at the Maritime India Summit.

During his session, he spoke about how the Maritime industry will evolve over the coming years – increasing the importance for both public and private players to develop an ecosystem and formulate policies & strategies to prepare for it. The Chairman elaborated in brief on the impact of Digitization of the Ports and Terminals – AI, IoT, 5G led transformation and Evolving models for port development: PPP and landlord model.

JNPT Chairman Sanjay Sethi was also one of the conveners for the 5th Plenary Session, ‘Port-led Industrialization: Building Port Cities and Maritime Clusters’. During the session he highlighted the importance of leveraging the port ecosystem for industrialisation, port cities transition processes in metropolitan port development.

Considering the significance of maritime infrastructure to India’s economy and to leverage India’s natural maritime advantages, the Government of India has crafted the

vision of ‘Sagarmala’ and is pushing for ‘port-led industrialization’.

Unmesh Sharad Wagh, IRS, Deputy Chairman, JNPT was part of the third session, panel discussion on ‘Port Led Sustainable Development in Maharashtra – The Way Forward.

He highlighted how the maritime industry has seen rapid growth in the last few years due to increased planned outlay of the government, improved infrastructure facilities, greater access to global markets, and initiatives like port-led industrialization under Sagarmala.

He also highlighted, how JNPTSEZ is expected to generate Rs 4,000 crores of investments and create 57,000 direct jobs and generate total employment with multiplier effect to the tune of 150,000, generating substantial employment opportunity once fully occupied. JNPT-SEZ aims to slash cost, help in moving goods to and from ports quickly, efficiently, and cost-effectively to increase the competitiveness of the sector. ‘ With the introduction of port-based SEZ, the hinterlands of JNPT are to being industrialized and this is prompting an economic transformation.

During the panel discussion, Shri Unmesh Sharad Wagh also highlighted why Vadhvan Port will be a Game Changer for the Maritime Industry in India.

JNPT signed over 30 MOUs (Memorandum of Understanding) with potential investors for port projects, technology transfer and development of plots in JNPT SEZ for an amount of around Rs. 27000

crores. On behalf of JNPT, the MoUs were signed by Shri Sanjay Sethi, IAS, Chairman, JNPT in the presence of Shri Unmesh Wagh, IRS, Deputy Chairman, JNPT. Companies such as DP World, JM Baxi & Co., Ganesh Benzo, BPCL, NITIE, SS G Pharma Pvt. Ltd., Sooraj Agro, JWR logistic Pvt. Ltd., Cineline India Ltd. signed MoUs towards Manufacturing, IT services, Warehousing/Cold Storage, FTWZ, Pharma, Confectionary Manufacturing, Engineering Services and Food Processing to strengthen port-led industrialization at JNPT

Ports play a crucial role in reforming India’s economy, aiding in achieving development goals and establish itself as a strategic trade hub. JNPT has systemically invested in enhancing its operational efficiency, technological advancements, and innovations to enable seamless trade. This will unlock new avenues of prosperity for the EXIM community and the stakeholders and help JNPT become the Port of Choice for the Exim Trade.

Railways Conducts Successful Trial Run of Double Stacked Dwarf Container Train to JNPT Railways undertook a successful trial run of double stacked dwarf container train from Mehsana (Gujarat) to Jawaharlal Nehru Port (JNPT) on 3 March 2021. The train with five wagons of double stacked dwarf containers arrived at 11:30

hours and departed at 13:00 hours.

The ‘dwarf’ containers provide 67% increase in volume when double-stacked and can carry a weight of 71 tons, against 40 tons by an ISO container. Indian Railways has given 17% discount on haulage cost for double stack dwarf container trains compared to double stack ISO container trains coupled with additional volume benefit.

JN Port is in the process of finalizing an Operator for “Management, Maintenance and Operation of Dedicated Dwarf Container Depot (D-Depot) inside the Port area at JNPT”. Inside the D-Depot ISO EXIM containers will be destuffed/ restuffed and then re-stuffed in Dwarf Containers for further movement on rail to and from JN Port.

The concept of Dwarf container would be game changer as the rail movement of EXIM cargo through double stacked dwarf containers would significantly provide cost advantage to the customers and enhance rail traffic at JN Port.

Prof. Dr. G.Y.V. Victor Assumes Charge as Managing Director & CEO of DCIL Visakhapatnam Port Wings News Network rof. Dr. G.Y.V. Victor on 1 March assumed charge as Managing Director & CEO of Dredging Corporation of India Limited, Visakhapatnam.

This is the first top management senior appointment in DCI which is owned by consortium of four ports Visakhapatnam Port Trust, Paradip Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust in a strategic divestment deal.

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D r .

G . Y . V Victor is the first DCI Cadet from All India Dredging Cadre. He had joined DCI as a dredge cadet in 1991 and worked with many international and national companies and gained rich experience in the

field of Dredging prior joining DCI as MD & CEO. Dr. G.Y.V Victor who holds a Doctorate Degree, is a Chartered Engineer (UK), Chartered Physicist (UK), Certified Dredge Master and Mariner, qualified in Finance Management, Port Development and Management, Containerization and Logistics Management, qualified lawyer, Fellow in Arbitration, Licensed Arbitrator, Mediator and a qualified Admiralty and Contracts Lawyer.

GatewayRail Flags Off Dedicated Round-trip Export Train for Amul From Ahmedabad Mumbai

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Port Wings News Network ateway Rail Freight Ltd. (GatewayRail), a subsidiary of Gateway Distriparks Limited, flagged off its first dedicated round-trip export Service between ICD Viramgam and Nhava Sheva Port for India’s dairy giant, Amul - Gujarat Cooperative Milk

Marketing Federation (GCMMF).

The exporters in the Ahmedabad region have been facing a lot of difficulty due to the ongoing crisis of shortage of shipping line containers. To address this issue, Gateway Rail Freight Limited decided to provide dedicated roundtrip services between ICD Viramgam and various ports which brings in empty containers in to the Ahmedabad region in the inward direction, and carries export laden containers to various ports in the outward direction.

Gateway Rail has been pioneer in providing dedicated weekly train services for imports and exports carried by all major shipping

lines and major customers. These dedicated services are matched with vessel cut-offs in the case of exports, and vessel arrival for imports. The company operates a fleet of 31 train sets and has an overall annual handling capacity of over 600,000 TEUs. GatewayRail (a subsidiary of Gateway Distriparks Ltd) is India’s leading Private Intermodal Operator which operates four raillinked Inland Container Depots at Garhi Harsaru (Gurgaon), Faridabad, Ludhiana and Vi r a m g a m (Ahmedabad) and a Domestic Container Terminal in Navi Mumbai with an overall annual handling capacity of over 6,00,000 TEU and warehousing space of over 40,000 SQM. The company operates a fleet of 31 container trains sets and providing daily container train services from these ICD to ports terminals at Nhava Sheva, Mundra and Pipavav ports for EXIM and Domestic containers. The parent company Gateway Distriparks Ltd (GDL) operates six Container Freight Stations at Nhava Sheva (2), Chennai, Krishnapatanam, Kochi and Visakhapatnam and India’s largest cold chain network through its group company Snowman Logistics Ltd.

Container Lines Running Out of Ships As Transpacific Bottleneck Intensifies Chennai

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Port Wings News Network ontainer lines are running out of ships in Asia as port congestion in the US west coast sees vessels taking 11 days to turnaround at berth, according to Ocean Network Express (ONE) ceo Jeremy Nixon.

A combination of a surge in demand in the second half of last year post Covid-19 lockdowns, larger vessels, lower productivity in US import terminals versus Asian load terminals, and working restrictions coinciding with seasonal holidays has produced a prolonged bottleneck situation on the transpacific trade.

Speaking at TPM21 Nixon said that by the first week of January there were over 30 vessels at anchor in Los Angeles/Long Beach waiting to berth as the situation hit saturation point, and this number today stands at 41.

Turnaround times in LA/Long Beach for the 13,000 – 14,000 teu capacity vessels now commonly used on the transpacific have increased to from an average of 3 - 5 days to up to 11 days for a loading and discharge cycle, which Nixon described as “very, very significant”.

“We’re actually running out of ships as an industry in Asia, so we’re incurring these “forced slidings” as they’re referred to, which simply says a vessel is scheduled to come in on a particular day at these various ports, but actually the ship hasn’t arrived yet over the horizon,” he explained.

The result has been record low schedule reliability, which according to analysts Sea Intelligence stood at just 34.9% across all trades in January 2020, the sixth month in a row a record low had been recorded.

The situation is unlikely to ease in the near term with factories and terminals in Asia working 24/7, or 168 hours a week, while in the US West Coast container lines are seeing 112 hours a week at the berth, 88 – 90 hours in the container terminal, and the landside working daylight hours.

“When we have week after week and month after month this where the bottleneck builds up,” Nixon stated.

“The reality is today is every single ship is deployed in the market, every single container is being deployed in the market and we’ve got this bottleneck situation still here in mid-Feb basically legacy of December/Mid-January.”

He commented that the charter market had been “eradicated” so there were no more spare ships lines could charter. Looking to the landside Nixon noted, “As any terminal operator will tell your when you are full capacity its actually very difficult to manage and overall productivity and efficiency goes [down].”

As to when the current situation would be resolved shippers are going require some patience. “I think we’ve got another three – four months to work this through then hopefully by second half calendar of 2021 we’ll start to see this stabilised,” Nixon stated.

Mar. 10th - 16th Issue

5

DP World, CMA CGM Group Launch Container Transhipment Hub Port Will Trigger the First Block Train By Shipping Rapid Industrial and Economic Growth in Line Between Mundra and Panipat Southern Districts of Tamil Nadu: Association for Tuticorin Hub Port Development

New Delhi Port Wings News Network lobal logistics company DP World and CMA CGM, a world leader in shipping and logistics, jointly received their maiden Block Train from Mundra, Gujarat to DP World PFT (ICD) Panipat, Haryana.

This new service is the first block train by a shipping line between Mundra and Panipat.

The fully loaded 90-TEU train was flagged off from Mundra port on 27 February 2021.

The service was received in the presence of representatives from DP World and CMA CGM India.

Dedicated connections between the Port of Mundra and the inland container depot of Panipat The new weekly block train service will provide dedicated and seamless connection from Mundra Port to PFT (ICD) Panipat thereby, making customers’ cargo reach internal markets faster. With priority rail out option and fixed train schedule, customers will be able to minimize waiting time at the Port as well as plan their cargo movements effectively.

Train will depart Mundra Port on Saturday/ Sunday. DP World committed to increasing the share of Rail Freight in India by promoting multi-modal logistics.

DP World provides container train services connecting major cargo centers to gateway ports.

DP World continuously works towards providing bespoke solutions that enhance reliability and visibility of customers’ supply chains. The company has created an extensive network of logistics assets in India including Express & Third-Party Logistics Services, Port Terminals, Container Freight Stations, Rail Services, Inland Rail Terminals, Cold Chain, Free Trade Zones, Freight Forwarding and Feeder Services. DP World caters to end-toend supply chain needs of customers across all kinds of storages, all modes of transportation and all types of bulk, domestic, EXIM, and temperature-controlled cargoes. Through its network of Port Terminals, CFSs and Inland Terminals, DP World covers almost 70% of EXIM and 30% of Domestic markets in India.

CMA CGM, an expert in intermodal solutions committed to meeting its customers’ needs The CMA CGM Group is an industry pioneer offering customized, innovative and customer centric intermodal solutions for

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seamless continental connections. This new block train service is another example of the Group’s commitment to offering its Indian customers the best service, wherever they are located in the country.

CMA CGM is developing sustainable door-to-door solutions to allow its customers to significantly reduce the carbon footprint of their transported goods. Compared to cargo movement via truck, the block train option reduces CO2 emissions by up to 67%.

Present in India for more than 30 years, the CMA CGM Group employs 4,700 staff members in the country. It connects India to the rest of the world with 12 services making 12 calls weekly.

Ranadhir Reddy, CEO, Rail & PFT, Subcontinent, DP World said, “At DP World, it is our constant endeavors to offer bespoke solutions to our customers to solve their supply chain challenges and support their strategic growth ambitions. Our pan India network provides seamless connectivity, that helps customers connect their cargo to global markets as well as across India’s vast hinterland. Through our investments, we are committed to enhance India’s rail freight share and offer trade solutions using multimodal logistics. We thank CMA CGM India for partnering with us and trusting in our capabilities to offer Block Train Solutions to their customers. We operate three ICDs in North Region that cater to NCR market.

This gives us a unique competitive advantage to provide reliable service as well as reduce empty repositioning cost, thereby lowering logistics cost for customers and trade at large.

Together with CMA CGM, we will work towards strengthening this product further, thus enabling trade and helping customers expand their businesses.”

Atit Mahajan, General Manager – CMA CGM India, stated: “We are pleased to be the first shipping line to offer a block train service between Mundra and Panipat in collaboration with DP World. This service is the 10th dedicated block train service being operated by the CMA CGM Group in India. The Group has an extensive network of connected maritime services and intermodal facilities which has been strategically developed over a period of time to best suit the requirements of our customers. This service will provide a dedicated and direct loop from port to ICD, which will optimize the current transit time and help our customers expand their business while reducing their CO2 emissions.”

Tuticorin Port Wings News Network O Chidambaranar Port (formerly Tuticorin Port) once developed as a Container Transhipment Hub port will trigger a rapid industrial and economic growth in the Southern Districts of Tamil Nadu and thereby generate huge employment opportunities in this region, the Association for Tuticorin Hub Port Development has said.

Addressing the media in Tuticorin, the association said that the exporters and importers using this port will also gain tremendously in terms of cost (approx. USD

that their mission to make Port Tuticorin as a Container Transhipment Hub Port is fulfilled with the announcement of Prime Minister Shri Narendra Modi at Coimbatore on 25 February 2021 while inaugurating various development projects in Tuticorin Port (VOC Port).

Paying his tribute to the great freedom fighter V.O.Chidambaram, Shri Narendra Modi said the former’s vision for a vibrant domestic shipping industry and maritime development is greatly inspiring.

Shri Narendra Modi said about 575 projects (port modernisation, new port development, port linked industrialization, port connectivity

100 per Twenty Foot Equivalent unit) and time (approx. 1 week) as all containers at present are being transhipped at Colombo and the country will save the outflow of the precious Foreign Exchange as well.

Under the Atmanirbhar Bharat scheme, it was proposed by the Government of India to develop Transhipment Hub Ports within the country. Tuticorin Port, by virtue of its tremendous advantages in terms of proximity to International sea route, abundant availability of land, all Weather Port, readily available infrastructure - having two world class Container terminals operated by International Companies handling a total volume of approximately 50,000 TEUs (Twenty-foot Equivalent Units) per month, is eminently qualified to be developed as a Transhipment Hub Port.

The Association for Tuticorin Hub Port Development (comprising of members from various trade bodies was formed in the year 2004 with the Objective of making Tuticorin port a Container Transhipment Hub Port) is extremely delighted and satisfied to note

and coastal community development) involving an outlay of over Rs.6,00,000 crore has been identified for implementation between 2015 and 2035 under the Sagarmala Scheme.

Prime Minister Shri Narendra Modi mentioned “apart from this, we (GOI) will take further steps to make the Port (VOC Port) into a big transhipment hub in the East Coast.” The association also extended sincere and profound thanks to the Prime Minister and the Union Minister of State for Ports Shri Mansukh L. Mandaviya.

“It has been a dream of the Users of this Port, for over two decades, to have Tuticorin Port be declared as a Container Transhipment hub Port since the Port has all the prerequisite qualifications and the Prime Minister’s announcement has come at an appropriate time. We also thank our Chief Minister, our Member of Parliament Thoothukudi and Chairman VOC Port Tuticorin for relentlessly pursuing this matter with the Government of India,” a statement from the association said.

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Global Buyers Acknowledges PM Call of ‘Vocal for local’: TPCI New Delhi Port Wings News Network rade Promotion Council of India (TPCI), with the support of Department of Commerce (DoC), Government of India, will be organizing the Fourth Edition of ‘IndusFood’, India’s largest globally recognized F&B export promotion trade fair for agri and food products on 20-21, March 2021 at India Expo Mart, Greater Noida.

Over 400 large Indian exporters of F&B products will conduct business with more than 700 global pre- invited & pre-screened hosted buyers representing over 50 countries during this edition of ‘IndusFood’.

Speaking on the 4th Edition of Indusfood 2021, Mohit Singla, Founder Chairman TPCI, said, ”This is a defining moment, when Indian exports will get a platform in first physical format F&B show post Covid wave to trade with the world and get market connectivity sitting in India. This is going to be a game

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changer for boosting the sentiments of the Indian exports still reeling under the bad weather.”

Further Founder Chairman informed,” This show is expected to negotiate on-spot Business worth of US $ 1 billion, which will help get Indian farmers and agri products remunerative price in international markets and additionally help in doubling farmers’ income.” I am sure, the food processing sector will emerge as a strong pillar of Indian exports as one of the most competitive sectors of the economy, he added.

This Edition will showcase thematic participation organized by Industry & MSME Departments of states such as, J&K (UT), Odisha, Haryana and Tamil Nadu. Besides participation from important government institutions of India for food & beverage products, namely- FSSAI, APEDA, NAFED, Spice Board, Coffee Board and Tea Board in

the trade fair with their respective member exporters.

Large Business delegations from African countries, EU, Gulf countries, Bangladesh, Belarus, Nepal, Russia, Tajikistan, Turkey, UAE, Uzbekistan, UK and USA; besides prominent supermarket chains such as Nesto (GCC), Grand Hypermarket (GCC), LuLu (GCC), Savings (GCC), West Zone (UAE), AlSafeer Hypermarket (GCC), Carrefour (GCC & France), X-5 Retail (Russia), Rewe (Germany).

Lidl (Germany), Swapno (Bangladesh), BIM Supermarket (Turkey & Morocco), Finest Superstore (Afghanistan), and many others from different regions across the world will be participating in ‘IndusFood’ 2021.

The Indian exhibitors will be showcasing their products under 14 categories for this show, such as; Spices, Rice, Tea & Coffee, Indian Ethnic, Sweets and savouries, Organic foods, Alcoholic and non- alcoholic beverages, Bakery and confectionery and Ready- to- eat, etc.

In the side-lines of the show there will be signing of MoU and around 2000 separate business sessions including roundtable with participants and the participating states.

Singla added: ” Despite several bottlenecks and impediments, we are happy that TPCI flagship show has received a great response from global buyers. Gratitude to the global buyers who have responded to the Prime Minister Modi call for “Vocal for Local” by participating in huge numbers in this pressing time. Major markets which will see a scant or no participation are UK, Canada, Australia, New Zealand and Saudi Arabia.”

TPCI, through association and support garnered from the Indian missions across the world, has initiated fruitful discussions with its partner chambers of commerce along with industry associations in their respective countries resulting in many delegations agreeing to visit India for the forthcoming edition of IndusFood show.

6

Vessel Position at Terminals - (10.03.2021 To 17.03.2021)

Mar. 10th - 16th Issue

7

CCTL - Chennai ETA

ETD

Service

Vessel Name

12/03

13/03

CI5

10/03

11/03

13/03 13/03

Voy

Agent/Line

Kattupalli

Calling Ports

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

SC MARA

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

13/03

14/03

ACS

HYUNDAI MASAN

004W

HMM

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

CCG

MOGRAL

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

13/03

14/03

TCX

X PRESS JERSEY

20015W

SCA

Port Kelang(North port) – Singapore,Shangha

14/03

CCG

VARADA

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

14/03

15/03

UBB

AS RAFAELA

009W

SCA

14/03

PIC-2

SSL KRISHNA

CMB/TUT/COK/JEA/IXY

14/03

15/03

ACS

HYUNDAI OAKLAND

102W

HMM

14/03

15/03

C15

SC MARA

6

WAN

15/03

16/03

CCG

MOGRAL

0035E

SIM

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

15/03

16/03

C13

ATHENS BRIDGE

116W

ONE

Tuticorin,cochin,Pipava, Kandla,Jebel ali

CITPL - Chennai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

13/03

14/03

C13

ATHENS BRIDGE

116

ONE

Tuticorin,cochin,Pipava, Kandla,Jebel ali

Kakinada Container Terminal ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

11/03

12-3

KAK>INMYB

TCI LAKSHMI

955-956

BOTHRA

KAK>INIXZ>INMYB

16/03

17/03

KAK>CMB

RHL ASTRUM

SAMSARA

CMB>KAK>CMB

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin

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

VCTPL, Vizag ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

10-3

11-3

CHX

KOTA LATIF

108W

MSK

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

11-3

12-3

FME

XIN CHIN WAN

066E

COS

Port Kelang(North port) – Singapore,Shangha

11-3

12-3

ADHOC

FSL KELANG

015S

FOC

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

10-3

11-3

CTS

MV.KAPTIAN MASLOV

111S

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

12-3

13/03

ECX

SSL KUTCH

208

SSL

Haldia, Paradip

11-3

12-3

TUX

MV.OEL SHRAVAN

21115

TWF

COLOMBO, TUTICORIN, COLOMBO

11-3

12-3

CCG

MOGRAL

35

SIM

12-3

13/03

BOX

MV.XPRESS COTOPAXI 21019S 2

BTL

COLOMBO, TUTICORIN, COLOMBO

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

13/03

14/03

IEX

AMOLIANI

2105E

HLL

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

Colombo, Damietta Piraes Rotterdam, London

14/03

15/03

CCG

VARADA

34

SIM

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

15/03

16/03

FME

TABEA

894E

ISS

Port Kelang(North port) – Singapore, Shangha

16/03

17/03

MDM

CAPE MAYOR

22708E

WHL

Colombo

17/03

18/03

CHX

SM NINGBO

190W

MSK

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

13/03

14/03

CTS

MV.KAPTIAN MASLOV

112S

NSICT - Mumbai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

10-3

11-3

BLUENILE

RIO CENTAURUS

MSK

12-3

13/03

MIDAS

GH ZEPHYR

MSK

12-3

13/03

AIM

BOMAR RADIANT

ONE

12-3

13/03

IPAK

LE HAVRE

MSC MSK

Calling Ports Nhava Sheva, Mundra, Port Qasim, Singapore

13/03

14/03

MWE

MAERSK BENTONVILLE

14/03

15/03

MECL

MAERSK DENVER

MSK

Colombo,Damietta Piraes Rotterdam, London

14/03

15/03

IIX

TABAN 1

RIS

Nhava Sheva, Mundra, Port Qasim, Singapore

14/03

15/03

BMM

INTER SYDNEY

EMS

15/03

16/03

AS1

CONTI COURAGE

CCA

16/03

17/03

ME2

S SANTIAGO

MSK

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

16/03

17/03

MESAWA

OEL JUMEIRAH

MSK

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

16/03

17/03

CSC

FELIXSTOWE BRIDGE

SMM

APM Terminal - Mumbai ETA

ETD

Service

Vessel Name

13/03

14/03

CIX

10-3

11-3

12-3

Voy

Agent/Line

Calling Ports

GREEN HARMONY

HLI

Jebel Ali, Mundra,Hazira,Nhava Sheva

CWX

KMTC DUBAI

KMD

13/03

FM3

SOFIA I

MSK

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

13/03

14/03

ME3

SANTA CRUZ

MSK

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

14/03

15/03

NMG

ONYX1

MSK

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

15/03

16/03

CIX 3

XIN HONG KONG

CEA

Colombo,Nhava Sheva,Port Klang, Singapore,Kaohsiung,Hong Kong, Shekou

10-3

11-3

ASX

GFS GISELLE

SMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

13/03

14/03

PS3

HYUNDAI BANGKOK

HMM

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

10-3

11-3

CWI

TESSA

ESA

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

13/03

14/03

TIP

MOLGRANDEUR

ONE

Jebel Ali, Mundra,Hazira,Nhava Sheva

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

February Exports Declined Due to Container Shortages: FIEO New Delhi Port Wings News Network esponding to February 2021 export figures, FIEO President, Mr Sharad Kumar Saraf said that the monthly exports declined marginally by 0.25 percent to USD 27.67 billion mainly on account of container shortages across the country and limited supply disruptions in the last week of the month due to increasing Covid cases in certain states. All the major sectors of export, which during the previous month were in positive territory, continued with a similar positive growth trend during February also.

Mr Saraf said that we continue to see signs of further revival not only in the order booking positions but also in the demand from across the globe, paving way for much better days and months for the sector. However, rising exports from China has led to the shortage of containers in the region as most of the empty containers are available only for exports from China as the shipping lines and container companies are being paid hefty premiums for bringing empty containers back to China.

FIEO President added that the exports of other cereals along with oil meals, iron-ore, jute mfg. including floor covering, rice, cereal preparations and miscellaneous processed items, meat, dairy and poultry products, carpet, spices, drugs and pharmaceuticals, handicrafts excl. hand-made carpet, ceramic products and glassware, cotton yarn/fabrics/made-ups, handloom products etc., tobacco, plastic and linoleum, mica, coal and other ores, minerals including process and organic and inorganic chemicals showed either a very high or impressive growth or were in positive territory showing signs of further improvement.

FIEO Chief also said that negative growth in exports of major products including

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petroleum products, oil seeds, leather and leather manufactures, cashew, gems and jewellery, RMG of all textiles, electronic goods, fruits and vegetables, man-made yarn/fabrics/ made-ups etc, engineering goods, tea, coffee and marine products, which have major contribution in the country’s exports basket and also related to labourintensive sector of exports have been of key concern.

Further an increase in February 2021 imports by about 7 percent to USD 40.55 billion compared to the same period during Mr Sharad Kumar Saraf the previous fiscal led to a FIEO President trade deficit of USD 12.88 billion, which is an increase of 25.84 percent during the month.

FIEO President urges the government to soon notify the RoDTEP rates to 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 timely announcement of the new FTP, adequate availability of containers, release of the required funds for RoDTEP, MEIS and clarity on SEIS benefits, softening of freight charges, resolving risky exporters’ issues and continuance of seamless refund of IGST. Besides long pending demand for the creation of an Export Development Fund for marketing of Brand India products and various other infrastructure bottlenecks also needs to be looked into to bring back exports on the double-digit growth trajectory.

Mar. 10th - 16th Issue

CONCOR Places Developmental Order With BHEL, Braithwaite For ‘Made In India’ Containers New Delhi Port Wings News Network ontainer Corporation of India (CONCOR) has given developmental orders to Braithwaite & Company Limited and BHEL for 1,000 containers each. With 2,000 containers expected from these two sources, CONCOR is looking for sources within India to buy the remaining requirement, r e p o r t s BusinessLine.

E a r l i e r CONCOR imported containers from China. Through global tenders earlier, CONCOR had discovered that the locally-made containers were pricier by about 25 per cent.

Each box costs about ₹2.5 lakh.

CONCOR CMD V Kalyana Rama said this in a virtual press conference on Friday.

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TEAM WORK CONCOR, BHEL, Braithwaite can work as a team to make India a destination for making containers, Railway Minister Piyush Goyal said earlier in the day. To meet container shortage with boxes that are made in India, Railway Minister Piyush Goyal had pitched if the sheds of Indian Railways’ coach factories could also be used for making containers, apart from public enterprises like Braithwaite & Company Limited and BHEL. Usually, containers are made in China. Post Covid-19, with supply chains disrupted, there was a container shortage faced by India and many countries globally.

CONCOR, which needs about 8,000 containers every year for domestic use in the country, expects that demand to stay for the next five years. “In last three years, CONCOR

had ordered 23,000 containers,” said Rama.

Goyal also said India should look at mandating all containers within the country to be GPS enabled so that they can be tracked.

PREPARATION Later, CONCOR, said in a statement, “Major steel players like SAIL, Tata Steel and Jindal Steel confirmed availability of required better grade steels.

Indian Manufacturing companies like BHEL, Braithwaite,...DCM Hyundai (Hindustan Vaccum), intimated that technology required to manufacture these containers was available with them.…International container inspection agencies like Lloyd Register and Indian Register of Shipping highlighted their Indian presence and intimated that they were already working with some Indian Manufacturers to ensure outturn of world class containers.”

Gadkari Reviews Progress of India’s first Grade- Separated Urban Expressway New Delhi Port Wings News Network

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he Union Minister of Road Transport & Highways, Shri Nitin Gadkari reviewed the progress of India’s First Grade Separated Urban Expressway, Dwarka Expressway (NH – 248BB) on 4 March.

The Minister made a inspectional visit to Dwarka Expressway with public representatives and media.

Shri Nitin Gadkari expressed hope that the 29-kilometre long Expressway, being constructed under the Bharatmala Project and with a cost of Rs.8,662 crore, would be completed before the Independence Day next year. The Minister said that “it will be the first-ever elevated Urban Expressway in India and will immensely help reducing the air pollution in Delhi-NCR”.

While addressing media persons after the inspection of project, Shri Nitin Gadkari said that the Dwarka

Expressway would also be the first instance of a project where Tree Plantation of approximately 12,000 trees has been undertaken, keeping protection of the environment in view. He further said that “based on this experience, the method will be replicated across the country”.

The Minister stated that Delhi-Gurugram section of National Highway-8, a part of Delhi-JaipurAhmedabad-Mumbai arm of Golden Quadrilateral (GQ), is presently carrying traffic of over three lakh Passenger Car Units (PCUs), which is much beyond design capacity of this 8-lane highway, leading to severe congestion and with the construction of the present project, 50 to 60 per cent traffic on National Highway-8 will be reduced. The project will also provide around 50 thousand direct or indirect employment opportunities.

Being built in four packages, total length of the Expressway is 29 kilometres out of which 18.9 kilometre length falls in Haryana

while remaining 10.1 kilometre length is in Delhi. It starts from Shiv-Murti on National Highway-8 and ends near KherkiDaula Toll Plaza.

The Minister said that the project, once complete, will be an engineering marvel of India as it has several unique features. This will have longest (3.6 kilometre) and widest (8 lane) Urban Road Tunnel in India. The project’s road network will also comprise of four levels, i.e., tunnel / underpass, at-grade road, elevated flyover and flyover above flyover.

It will also comprise India’s first 9-kilometre long 8-lane flyover (34-metre wide) on single pier with 6-lane service roads. There will be a fully automated tolling system with 22 lanes toll plaza.

The entire project will be equipped with Intelligent Transportation System (ITS). The project has a total estimated consumption of two lakh MT of steel, which is 30 times of that of the Eiffel Tower. The total estimated consumption of 20 lakh Cum of Concrete is six times of the Burj Khalifa building.

Shipping Lines To Recruit 25000 Indian Seafarers Under ‘Atmanirbhar Bharat’ New Delhi Port Wings News Network

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he Indian Ministry of Shipping is looking after Indian seafarers as global shipping lines seek to employ them.

The Government too is promising them Indian seafarers under the Atmanirbhar Bharat scheme, according to aninews.in This comes at a time when the country is hosting the Maritime India Summit 2021 where the shipping lines expressed their desire.

The Prime Minister inaugurated the second Maritime India Summit virtually on Tuesday. The summit had hosted the top maritime CEOs from across the world. Companies from more than 50 countries have attended the summit and expressed their desire in India’s maritime sector.

The summit ended on Wednesday.

Opening Centers To Train Indian Seafarers On Thursday, the Union Minister of Ports, Shipping and Waterways, Mansukh Mandaviya welcomed International Shipping Lines move to recruit Indian seafarers and the companies will open training institutes in India for this purpose.

The Ministry will support these ventures as part of the Prime Minister’s ‘Atmanirbhar Bharat’ vision.

“Today under the ‘Maritime India Summit 2021’, a round table meeting was held with the CEOs of top 23 companies of the world.

In this meeting, the world’s largest companies were connected to several shipping line companies.

The shipping liners praised the sign-off and sign-on facilities for seafarers during the lockdown in India”, said Mandaviya.

25000 SEAFARERS TO BE RECRUITED “Top CEOs of various companies mutually agreed and said that in the coming days, around 25,000 seafarers will be recruited from India. This move will obviously give a big boost to employment in the country. This is a good thing as many shipping liners are taking interest in our country,” he added further.

The Union Minister hailed the summit as a success as it offers a huge platform for Atmanirbhar Bharat.

“The world’s Seafarer Training Institute is coming to India soon under the ‘Atmanirbhar Bharat’ campaign and will train people in the country. They will recruit people in their company as per the requirement of India. This will help in employment generation”, Mandaviya said.

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NEWS - BITS Seaspan Acquires Two 15,000 TEU Containerships on Long-Term Charters

Seaspan Corporation, a wholly owned subsidiary of Atlas Corp., on March 3 announced that it has entered into an agreement to acquire two young, highquality 15,000 TEU scrubber-fitted containerships on long-term charter with a long-standing global liner customer. The Vessels, built in 2019, feature industry-leading efficiency and emissions reduction technologies, and are anticipated to be delivered late in the second quarter of 2021.

Bing Chen, Chairman, President and CEO of Seaspan, commented, “This transaction further demonstrates our consistent quality growth through our creative customer partnerships despite the market cycles. Seaspan’s fleet composition is optimized with each new vessel, enabling us to provide our customers with more scale, efficiency, flexibility and reliability. The additions of these high-quality vessels also extend our long-term contracted revenue profile. Together with our recent large number of upcoming newbuilds, we continue to consistently drive quality growth while further differentiating our fully-integrated service offerings and resiliency of our business model.”

The Vessels are anticipated to be financed from additional borrowings as well as cash on hand. As of September 30, 2020, Seaspan’s global fleet consisted of 127 vessels and approximately 1,073,000 TEU, with total contracted revenue of approximately $4.1 billion, and a weighted average remaining lease period of approximately four years. Since December 2020, and with the two Vessels announced today, Seaspan has announced 17 newbuild vessels, including five 12,200 TEU, two 24,000 TEU, 10 15,000 TEU dual-fuel LNG, which will add significant new capacity of 289,000 TEU to our fleet. With these transactions, Seaspan will add 17 vessels to its core 9,000 to 15,000 TEU size category, as well as add two inaugural vessels in the ultra-large 24,000 TEU segment.

Saipem, Elkem Sign Feasibility Study Agreement for Decarbonisation Business

Saipem has signed a collaboration agreement with Elkem to evaluate new opportunities in the entire CO2 capture and storage chain.

In particular, Saipem will collaborate with Elkem, a Norwegian company among the world leaders in the sustainable production of cutting-edge metals and materials, to assess and identify possible development plans and design solutions, based on the proprietary technology of the recently acquired Canadian CO2 Solutions, for a CO2 capture plant that is also equipped with liquefaction processes and facilities for cargo ship transport of the CO2 collected by the Northern Lights project, in Norway.

Through both its engineering and design skills and experience, Saipem will contribute to the achievement of the carbon-neutrality objectives of Elkem which has long been at the forefront of pursuing sustainable environmental objectives. Furthermore, Saipem has already been involved in the Northern Lights project, for which it has recently completed a feasibility study on the subsea transport of CO2.

Trelleborg Acquires Leading Supplier Of Composite Hoses Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement and finalized the acquisition of the Dutch company, Gutteling Group BV. The company develops and sells composite hoses to the chemical industry and is the market leader in hoses for Liquefied Natural Gas (LNG) ship-to-ship transfer. The acquisition complements Trelleborg’s industrial hose, and specifically, composite hose, offering. Composite hoses are mainly used for aggressive chemicals, such as chlorine, sulfuric acid, biofuels and LNG. Gutteling has its head office and production in Rotterdam, the Netherlands, with production in the Czech Republic, as well as a sales office in the US. Total sales amounted to about SEK 115 M in 2020.

“I am delighted to welcome Gutteling to Trelleborg. We have a longstanding business relationship and recognize the company as an innovative supplier of high-quality hoses and fittings for demanding environments. The addition of Gutteling reinforces our position as a system provider in LNG transfer, while also strengthening us in the aftermarket. We can also see sales synergies between the company and our existing composite hose offering,” says Jean-Paul Mindermann, President of the Trelleborg Industrial Solutions business area.

CUSTOMS EXCHANGE RATES Notification No.26/2021 (N.T.) ALL RATES PER UNIT

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

with effect from 5th Mar. 2021

RATE (INR) Import Export 58.15 200.00 58.75 11.45 12.05 89.65 9.60 249.25 54.35 8.75 103.60 20.70 20.10 55.75 5.00 8.80 81.05 10.10 20.55 73.90 69.55 6.70

55.75 187.65 56.65 11.10 11.60 86.45 9.25 233.70 51.95 8.40 100.10 19.45 18.85 53.85 4.70 8.50 77.90 9.50 19.25 72.20 67.00 6.30

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/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8.

Date of Publication - Wednesday, Posted on Tuesday / Wednesday

Mar. 10th - 16th Issue

January Air Cargo Demand Recovers to pre-COVID Levels: IATA Chennai

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Port Wings News Network he International Air Transport Association (IATA) released January 2021 data for global air cargo markets showing that air cargo demand returned to preCOVID levels (January 2019) for the first time since the onset of the crisis. January demand also showed strong month-to-month growth over December 2020 levels.

Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons to follow are to January 2019 which followed a normal demand pattern Global demand, measured in cargo tonne-kilometers (CTKs), was up 1.1.% compared to January 2019 and +3% compared to December 2020. All regions saw month-onmonth improvement in air cargo demand, and North America and Africa were the strongest performers.

The recovery in global capacity, measured in available cargo tonnekilometers (ACTKs), was reversed owing to new capacity cuts on the passenger side. Capacity shrank 19.5% compared to January 2019 and fell 5% compared to December 2020, the first monthly decline since April 2020.

The operating backdrop remains supportive for air cargo volumes: Conditions in the manufacturing sector remain robust despite new COVID-19 outbreaks that dragged down passenger demand. The global manufacturing Purchasing Managers’ Index (PMI) was at 53.5

in January. Results above 50 indicate manufacturing growth versus the prior month.

The new export orders component of the manufacturing PMI – a leading indicator of air cargo demand– continued to point to further CTK improvement.

However, the performance of the metric was less robust compared with Q42020 as COVID-19 resurgence negatively impacted export business in emerging markets. Should this continue or expand to other markers, it could weigh on future air cargo growth.

The level of inventories remains relatively low compared to sales volumes. Historically, this has meant that businesses had to quickly refill their stocks, for which they also used air cargo services.

“Air cargo traffic is back to pre-crisis levels and that is some much-needed good news for the global economy. But while there is a strong demand to ship goods, our ability is capped by the shortage of belly capacity normally provided by passenger aircraft. That should be a sign to governments that they need to share their plans for restart so that the industry has clarity in terms of how soon more capacity can be brought online. In normal times, a third of world trade by value moves by air. This high value commerce is vital to helping restore COVID damaged economies—not to mention the critical role air cargo is playing in distributing lifesaving vaccines that must continue for the foreseeable future,” said Alexandre de Juniac, IATA’s Director General and CEO. Asia-Pacific airlines saw demand

for international air cargo fall 3.2% in January 2021 compared to the same month in 2019. This was an improvement from the 4.0% fall in December 2020. International capacity remained constrained in the region, down 27.0% versus January 2019, which was a deterioration compared to the 26.2% year-over-year decline recorded in December. The region’s airlines reported the highest international load factor at 74.0%.

North American carriers posted an 8.5% increase in international demand in January compared to January 2019, far surpassing the 4.4% gain in December 2020 compared to December 2019. Economic activity in the US continues to recover and its January manufacturing PMIs reached a record-high, pointing to a supportive business environment for air cargo. International capacity fell by 8.5% compared to January 2019.

In December 2020, capacity was down 12.8% versus the same month in 2019.

European carriers’ international cargo demand slipped 0.6% in January compared to same month in 2019. This was an improvement from the 5.6% fall in December 2020 over the year-ago period.

International capacity decreased 19.5%, a deterioration from the 18.4% year-to-year decline recorded for December.

Middle Eastern carriers posted a 6.0% rise in international cargo volumes in January versus January 2019, which was an acceleration over the 2.4% year over year gain recorded in December compared to December 2019. Of the region’s key international routes, Middle East-Asia and Middle East-North

America have provided the most significant support.

January capacity was down 17.3% compared to the same month in 2019. This was a slight reduction compared to the18.2% decline recorded in December 2020 compared to the year-ago period.

Latin American carriers reported a decline of 16.1% in international cargo volumes in January compared to the 2019 period, which was an improvement from the 19.0% fall in December 2020 versus a year ago. Drivers of air cargo demand in Latin America remain relatively less supportive than in the other regions.

International capacity decreased 37.0% compared January 2019, largely unchanged from the 36.7% year-over- year decline recorded in December 2020.

African airlines’ cargo demand soared 22.4% compared to the same month in 2019, eclipsing the 6.3% year-over-year increase for December 2020. Robust expansion on the AsiaAfrica trade lanes contributed to the strong growth. January international capacity decreased by 9.1% compared to January 2019, reduced compared to the 17.8% capacity decline recorded in December 2020 versus December 2019.

Satcom Global Announces VSAT Coverage Upgrade Chennai

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Port Wings News Network atcom Global is delighted to announce another extension to its Aura VSAT maritime communications network, with the addition of two new satellite beams; Astra 4a Nordic and SES-12 IOR. The Astra 4a Nordic Ku-band beam was introduced to the Satcom Global Aura network in December 2020, to support customers operating in European waters. With carriers optimised for the performance of smaller Ku-band terminals, Astra 4a Nordic is not only improving the performance of 60-80cm terminals in the area directly covered by the beam; specifically, the Baltic, Norwegian and Barents Seas, but is providing

improved performance across all terminals for Aura VSAT customers throughout Europe.

SES-12 IOR joined the Aura network in February 2021, to augment coverage and capacity across the busy sailing waters of the Indian Ocean, stretching from Eastern Africa and Madagascar, over to the West Coast of Indonesia and up to Southern India. The additional redundancy provided by the beam, is supporting the continuity of high-quality connectivity for customers operating within the region, as the Aura VSAT subscriber base continues to grow apace. The Astra 4a Nordic and SES12 IOR beams are operated by SES, as part of the Astra 4a and SES-12 HTS satellites.

DP World, CDPQ Sign Long-Term Port & Logistics Park Agreement with Maspion Group in Indonesia

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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, 1st Floor, Mannady, Chennai - 600 001. India Ph: 0091-44-42166381 / 25260381 Email: aeclear@gmail.com

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Chennai

Port Wings News Network P World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today signed a long-term agreement with Indonesia’s leading conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in Gresik. Work on the projects is expected to begin in the third quarter of 2021, with a total investment of up to USD 1.2 billion, enhancing East Java’s position as a key trade gateway for Indonesia.

The signing ceremony was held in the presence of Coordinating Minister for Maritime and Investment Affairs of the Republic of SIndonesia, er v Mr.entLuhut Binsar Pandjaitan, and ice T iffer Emirates’ Minister of Energy ruly DArab the United and Infrastructure, H.E. Suhail Al Mazrouei, in Jakarta at the Indonesia-Emirates Amazing Week 2021 Building Path Towards Economic Recovery business forum. The signatories of the formal agreements are Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, and Dr. Alim Markus, Chairman and CEO of Maspion Group.

Under the agreement, a joint venture company will be established between DP World and CDPQ’s global investment platform and Maspion Group, the first of its kind in the Indonesian transportation sector involving a foreign direct investor (FDI) partner and a private sector Indonesian company. DP World Maspion East Java will become the sole operator of a modern international container port with design capacity of up to three million twenty-foot equivalent units (TEU). DP World and CDPQ will also work with Maspion Group to develop an integrated industrial and logistics park, adjacent to the Container Terminal, with an initial land area of 110 hectares with scope for future expansion. The Park will provide

world-class trade environment for domestic and international businesses to help drive economic growth and create jobs.

Since its launch four years ago, the US$8.2 billion DP World-CDPQ platform has invested in 10 port terminals globally and across various stages of the asset life cycle.

This investment will allow the partnership to pursue its objectives to further diversify its reach in terms of geography and trade lanes.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “The partnership with Maspion Group is an important development in our global ports and logistics network. Indonesia is rapidly developing as one of the world’s most important economies. This project will create modern, efficient infrastructure, as well as an industrial zone that provides quality logistics.

DP World’s business model and vision are aligned with President Jokowi’s vision to spur faster economic growth through trade infrastructure development, more investment opportunities, and job creation.”

Dr. Alim Markus, Chairman and CEO of Maspion Group, said: “Maspion Group is committed to support Indonesia’s sustainable economic development to be aligned with President Jokowi’s grand plan to make Indonesia the fifth largest economy in the world. Surabaya is an important gateway in Indonesia and the existence of this Container Port will further enhance economic development and investment opportunities in Indonesia.”

Groundbreaking on the Container Terminal is expected to take place in 2021, with commercial operations expected to begin in 2023. The project will develop East Java’s infrastructure as part of President Joko Widodo’s vision to accelerate economic growth through his Indonesia Golden Generation 2045 strategy.

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.