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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741
Wednesday, July 21, 2021
8 Pages
1,000 Shrimp Containers Stuck In Chinese Ports, Half Of Them From Andhra Pradesh Chennai
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of the volume of the shrimp exports. All the 50 companies have been suspended by China. In other words, they have been blacklisted, which has become a cause of worry for
Port Wings News Network nywhere between 1,000 to 1,200 containers of shrimp exported from India are now stranded in the Chinese File Photo ports, locking up monetary transactions worth Rs 1,200 crore approximately, according to a report in The New Indian Express. Reason: China suspects coronavirus traces on the outer packaging of the frozen shrimp exported from India. Each of these containers on an average has 16 tonnes of frozen shrimp. These exports belong to 50 seafood export companies from the country and of them, 25 are from the shrimp exporters from Andhra Pradesh. “It has been nearly two Andhra Pradesh. months since our exports have been blocked. File Photo They are neither clearing the containers from the ports nor clarifying if we can bring them back. Though it has been frozen for exports, Shrimp is a perishable commodity, one more day of delay Andhra Pradesh is the largest means, increase is in risk of losing producer of shrimp in the country and most of the seafood is exported it,” said Aluri Indra Kumar, Seafood to other countries. China is the Exporters Association, AP Region second-largest importer of shrimp president. from India after the USA. It Speaking to TNIE, he said accounts for nearly 46.44 per cent suspending the seafood export
companies means they can no longer export shrimp to China, which means they have to suffer heavy losses. Though payment of aqua farmers have been cleared after procurement, the question is what will happen to the next crop or thereafter? “Though not all shrimp exports are made to China, it accounts for a sizable share of exports. From AP, the majority of the small count (60-150 count) are exported to China, as it is the largest importer of that type of shrimp,” he said. There are around 80 seafood exporters in Andhra Pradesh and now 25 of them have been suspended (blacklisted) by China. Some of those 25 exporters are mostly dependent on China to do their business. “We have already approached the Ministry of Commerce and talks are on at diplomatic level with China to resolve the issue,” Indra Kumar said. Shrimp exports from Andhra are now having their fingers crossed and praying for a positive outcome. Virus traces? China suspects coronavirus traces on the outer packaging Rs 1,200 crore: value of the shrimp 50 companies have been suspended by China China is second largest importer of shrimp from India after the USA 46.44% of shrimp exports to China
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Wing 7 Feather 49
Mumbai
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Port Wings News Network he Andhra Pradesh government has granted permission to the State’s maritime board to issue a comfort letter to East Coast Concessions Pvt Ltd promoted by H-Energy for building a ₹1,600 crore LNG receiving and re-gasification terminal at Kakinada Deep Water Port, according to a report in leading daily BusinessLine. The AP government issued an order in this regard on July 8, according to R Karikal Valaven, special chief secretary, AP government. The East Coast Concessions will spend another ₹200 crore for setting up L-CNG stations in the first phase and ₹3,600 crore in the second phase of the project. The comfort letter was sought by H-Energy to help its subsidiary East Coast Concessions to continue with the LNG project directly with the AP Maritime Board or with the new port operator of Kakinada Deep Water Port in case of cessation of the concession period or termination of the concession agreement signed between the state government and Kakinada Seaports Limited (KSPL) for an initial period of 30 years with two extensions of ten years each which ends in 2049. H-Energy, the energy unit of Mumbai-based real estate firm
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Hiranandani Group, has signed a term sheet with Kakinada Seaports Limited - the operator of Kakinada Deep Water Port - to sub lease about 100 acres of land to help build the infrastructure for loading LNG and other regasification activities. H-Energy told the A P Maritime Board that the lenders were “insisting on a comfort letter from the A P File Photo g o v e r n m e n t because the project is heavily capital intensive and is unlikely to be commercially viable if the project comes to conclusion upon cessation of the concession period or termination of the concession agreement between Government of A P and KSPL for whatsoever reasons, ECPL should have continuity of operations and to run the terminal without any hindrance”. The A P Maritime Board told the government that the request of the Company as insisted by their bankers is “genuine” as the left-over period of the concession agreement for Kakinada Deep Water Port is “short” while the setting up of LNG terminal and its operations are longterm business. “Therefore, it is necessary to extend all assistance as may be required in order to facilitate ECPL to continue with the project directly with A P Maritime Board or with the new port operator in case of cessation of the concession period or termination of the concession agreement with KSPL,” the A P Maritime Board said. In May this year, H-Energy started operations at India’s first LNG Floating Storage and Regasification Unit (FSRU) in Jaigarh port, located Contd. on page -2
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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 Wednesday (21.07.2021)