Port Wings Maritime Exim Weekly Newspaper 11 August 2021

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Aug. 11th - 17th, 2021 Issue

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Wednesday, August 11, 2021

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Wing 7 Feather 52

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PM Interacts With Heads Of Indian Missions Abroad and Stakeholders of Trade & Commerce Sector New Delhi Port Wings News Network n a first of its kind initiative, the Prime Minister Shri Narendra Modi interacted with Heads of Indian Missions abroad and stakeholders of the trade & commerce sector via video conference on 6 August 2021.

The Union Commerce Minister and External Affairs Minister were also present during the interaction.

The interaction also witnessed participation of Secretaries of more than twenty departments, state government officials, members of Export Promotion Councils and Chambers of Commerce.

Addressing the gathering, the Prime Minister said that this is the time for Azadi ka Amrit Mahotsav.

Along with celebrating the 75th festival of independence, this is an opportunity to build a clear vision and roadmap for future India. In this, our Export Ambitions and all the stakeholders play a major role. He added that today the

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world is shrinking every day due to physical, technological and financial connectivity. In such an

environment, new possibilities are being created around the world for the expansion of our exports.

He lauded the stakeholders for this initiative and commended the enthusiasm, optimism and commitment shown by all of them to achieve our ambitious goals regarding exports. He reminded

that one of the major reasons, India had the highest share in the global economy in the past was it’s strong trade and exports.

He stressed on the importance of strengthening our exports in regaining our old share in the global economy.

The Prime Minister urged the stakeholders to put all their efforts to take advantage of the new opportunities created by the changes in the Global Supply Chain in the Post Covid Global World.

Considering the size of our economy and potential, our manufacturing and service industry base, there is tremendous potential for export growth. He added that when the country is moving towards the mission of Atmanirbhar Bharat, one of its goals is to increase India’s share in exports manifold. He said that to achieve this we have to make

sure that we get access to the global supply chain, so that our business can scale and grow. He added that our industry will also have to move towards the best technology, focus on innovation and increase share in R&D. He said our share in the Global Value Chain will grow only by following this path.

While encouraging competition and excellence, we have to prepare global champions in every sector, he stressed.

The Prime Minister listed four factors that are very important for increasing exports. Manufacturing in the country has increased manifold

and that has to be qualitatively competitive. Second, the problems of transport, logistics should be removed for that centre, states and private stakeholders will have to work continuously. Third, The government should walk shoulder to shoulder with the exporters and, finally, the international market for Indian products needs to be expanded. He said only when these Contd. on page -2

Inside Council for Leather Exports...

Paradip Port Provides Food...

Adani Ports Gains After Stellar...

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Aug. 11th - 17th, 2021 Issue

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PM Interacts With Heads Of Indian...

Continued from page -1

Wednesday, August 11, 2021

Wing 7 Feather 52

Chicken and Egg Scenario

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here are a number of examples of ports collaborating with multiple stakeholders to help de-risk projects to help meet 2050 ambitions.

Shipping produces about 2.9% of the world’s man-made emissions of carbon dioxide, according to a report by the International Maritime Organization (IMO) in 2020.

The IMO’s ambition is to reduce greenhouse gas emissions from shipping by at least 50% by 2050, with a stretch target of a 100% reduction by the same deadline.

There is considerable uncertainty over how these ambitions will be achieved, but this target cannot be reached by energy efficiency measures alone, an energy transition from fossil fuels is required. LR’s research has shown that to reach the IMO’s ambition, zero-carbon vessels capable of deep-sea, trans-ocean travel will need to be in use by 2030.

Looking back at the previous energy transition – from coal to oil – this took place over 50 years and oil was cheaper, cleaner, abundant, more energy dense and safe to handle.

The future fuels that are being discussed now – methanol, hydrogen and ammonia – do not have any of these characteristics. The energy density is at least half of today’s fuels, this means more space will be required on ships to carry the extra fuel. LR analysis forecasts that these fuels will also be 2-4 times more expensive. A further complication is that these fuels can come from many different sources, some with more impactful or similar lifecycle emissions to the fuels of today.

There are also safety concerns about the hazardous nature of the fuels of the future. The safe use of these fuels of is governed by the Control of Major Accident Hazards (COMAH) regulations on land. These rules define thresholds for the quantities of dangerous substances that can be stored. This is of particular relevance to ports because of the limits for hazardous fuels that can stored close to habitation and consideration will be needed for bunkering of ships in ports.

In the UK for example, alignment will be required across the regulatory landscape – Health and Safety Executive (HSE) for land-based, Maritime and Coastguard Agency (MCA) for shore-based and Statutory Harbour Authorities.

Shipping is not alone in this challenge, with many land-based sectors also looking to decarbonise, ports can be seen as the interface in meeting the demand requirement from importation of fuels, and potentially solving the issue of demand and supply and de-risking projects across several stakeholders.

Ports have the potential to be a catalyst for the shipping industry’s zero-carbon transition, but it is a chicken and egg scenario.

Ships will need the fuel so the ports will need to supply it, but if the ports are using the fuel for other purposes, then the port infrastructure changes around that fuel can supply ships. This is why cross-industry collaboration will be so important to join up the dots between industries.

If a port is importing hydrogen for other purposes then it should be thinking about how can it be used it for its own purpose – for example to power cranes, cargo trolleys and localised shipping like harbour tugs and pilot vessels under the port’s control. This is likely to be driven by a local or national objective to meet decarbonisation targets.

The port can then look at scaling this up to support the deep-sea shipping industry. Once more than one port is supporting the infrastructure and there is trade between these ports, then that trade can start going through an energy transition. It is vital that we see these types of pilots this decade.

Recently, the Port of Cromarty announced it working with the whiskey industry to develop a green hydrogen hub, producing hydrogen from offshore and onshore wind farms. This is a significant investment that can be spread across several stakeholders, thereby de-risking the project whilst reducing greenhouse gas emissions.

Some other examples are the Port of Antwerp forming consortium with DEME, Engie, Exmar, Fluxys, the Port of Zeebrugge and WaterstofNet to establish a fully renewable hydrogen import value chain by 2030. The Port of Hamburg has Sample announced TEXT it is working with Vattenfall, Shell, Mitsubishi Heavy Industries and Warme Hamburg to develop a 100MW electrolyser to produce green hydrogen.

The next step is the look at the shipping trade between these ports to create ‘green corridors’.

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These examples are precisely the types of collaborations that the industry requires – looking at how multiple stakeholders can create a valuable hydrogen chain. It is key that we see more of these initiatives so they can be scaled up to meet the 2050 ambitions.

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Continued from page -1 four factors are synergized, India will be able to achieve the goal of Make in India for the world in a better way.

The Prime Minister said today, the government in the country, in the states is moving forward, understanding the needs of the business world. He listed the initiatives of the Government to boost MSMEs like many relaxations given in compliances under Atmanirbhar Bharat Abhiyan and provision of Emergency Credit Line Guarantee Scheme of Rs 3 lakh crore. He also noted that the Production Linked Incentive Scheme will not only help in increasing the scale of our manufacturing but also increase the level of global quality and efficiency.

This will develop a new ecosystem of Atmanirbhar Bharat. The country will get new Global Champions in Manufacturing and Export. He elaborated how Production Linked Incentives helped to strengthen the mobile phone manufacturing sector.

The mobile phone sector, we are also experiencing its impact. 7 years ago, we used to import mobile phones worth about $ 8 billion. Now, it has come down to $2 billion. 7 years ago, India used to export mobile phones worth only $ 0.3 billion.

Now it has increased to more than 3 billion dollars.

The Prime Minister said the government, both at centre and states are also focussing to reduce the time and cost of logistics in the country. For this, work is going on at a rapid pace in every level to create a multimodal connectivity.

The Prime Minister said continuous efforts are being made by the government to minimize the impact of Pandemic. It is our best effort to keep the virus infection under control. The work of vaccination is going on at a fast pace in the country today. Every possible step has been taken to solve all the problems of the countrymen and the industry. He added that our industry and business has also innovated during this period, by adapting itself to new challenges.

The industry also helped the country deal with the medical emergency and also played a role in reviving growth.

This is the reason that today along with drugs and pharmaceuticals, our exports have reached a new level in sectors like agriculture. He said today we are seeing positive signs not only

of recovery in the economy but also about high growth. Therefore, this is a good time to set high targets for exports and achieve them. He said the Government is taking necessary steps at every level to achieve this. Recently, he said the Government has taken a major decision for our exporters to get a boost of about Rs 88000 crore rupees in the form of insurance cover.

Similarly, by rationalizing our export incentives our exports would be WTO compliant and will also get a boost.

The Prime Minister stressed on the importance of stability in doing business. He said the decision taken by India to get rid of retrospective taxation shows our commitment, shows consistency in policies and gives a clear message to all the investors that India is not only opening the doors of new possibilities but the decisive Government of India, has the will to fulfill its promises.

The Prime Minister stressed on the role of states in achieving the export targets and implementing reforms, attracting investment, easing of doing business and creating last mile infrastructure.

He said the central government is working closely with the states to minimize the regulatory burden so as to increase export and investment.

He said a healthy competition is being promoted between the states to make export hubs in the states.

States are being encouraged to focus on one product in each district.

The Prime Minister said our ambitious target regarding exports can be achieved only through a holistic and detailed action plan. He urged the stakeholders to accelerate our existing exports and also work to create markets, new destinations for new products. At present, almost half of our exports are to only 4 major destinations. Similarly, about 60 percent of our exports are related to Engineering Goods, Gems and Jewellery, Petroleum and Chemical Products and Pharmaceuticals. He urged them to find new destinations and also take our new products to the world. He added that with the opening of sectors like Mining, Coal, Defense, Railways, our entrepreneurs are also getting new opportunities to increase exports.

The Prime Minister said to the Ambassadors, officials from the Ministry of External Affairs that

in whichever country they are representing India, they understand the needs of that country very well.

He asked them to act as a bridge for the commerce industry here. He urged that India Houses present in different countries should also be representative of the manufacturing power of India. He requested the Ministry of Commerce to put in place such a system so that there is a constant communication between our exporters and our missions.

The Prime Minister said for maximum benefit to our economy from our exports, we have to build a seamless and high quality supply chain within the country as well.

For this we need to build a new relationship and a new partnership.

He requested all Exporters to strengthen partnership with our MSMEs, farmers and our fishermen, promote our Startups and support them.

The Prime Minister gave a call to establish a new identity of Quality and Reliability. He said it is our endeavor to create a natural demand for high value-added products of India in every nook and corner of the world. He assured the industry, all the exporters that the government will support them in every way.

He urged the industry to prove the resolve of Atmanirbhar Bharat and a prosperous India!

Union External Affairs Minister Shri S. Jaishankar highlighted the unique character of the event. He said that while the theme of the event is local goes global, the Indian Missions also need to be globally local to help connect our producers with the demand in specific countries. Union Commerce Minister Shri Piyush Goyal said that the global environment is favourable and we should look at leveraging comparative and competitive advantages with respect to other countries for increasing our exports.

Heads of Indian Missions gave their inputs and suggestions to increase India’s exports. They talked about setting sector and region specific trade targets, the need to focus on value addition, quality standards of products, supply chain diversification, ensuring reliability in supplies and improving connectivity. They said that there is a need to focus on new markets and region specific products, while at the same time, maintaining our competitive edge in the regions and products where we are doing well currently.

Council for Leather Exports Participates in Prime Minister’s Virtual Address to Exporters New Delhi Port Wings News Network ouncil for Leather Exports participated in the Prime Minister of India’s virtual address to the exporters for the roadmap to achieve USD 400 bn. merchandise exports in the FY 2021-22 on 6 August 2021.

CLE joined the address from its head office, Chennai and from its three regional offices viz. New Delhi, Kanpur and Chennai. Shri Sanjay Leekha, Chairman CLE was present during the address of Prime Minister along with prominent exporter members.

He informed that the leather and footwear industry is a labourintensive sector, providing employment to 45 lakh people, 45% of whom are women. The sector has a total turnover of USD 17.09 billion, which includes exports of USD 5.09 billion and domestic industry turnover of USD 12 billion during 2019-20. He shared with the media that ministry of commerce & industry has set up a reasonable

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target of USD 5.88 bn. for the leather & footwear export sector and CLE is confident to achieve the target comfortably by the end of FY 2021-22.

He also added that the sector has the potential to reach a total turnover of USD 30 billion in next five years, which includes domestic turnover of

USD 20 billion and export turnover of USD 10 billion and generate additional employment for 15 lakh more people.

Considering the need to ensure sustainable growth and development

of the industry both at the domestic and export front and to attract investments, it is requested to government of India that the Production Linked Incentive Scheme (PLI) may kindly be extended to the leather and footwear sector.

Chairman CLE also informed that the Leather and footwear sector is fully committed to achieve the Hon’ble Prime Minister of India’s vision of USD 400 bn. target of merchandise exporters set up for the FY 2021-22.

He urged on behalf of members of CLE that exporter members feel that non availability of the liquidity is the major concerns as of now which may be immediately corrected by releasing exporters due funds in the shape of last year’s MEIS and this year’s RODTEP. Similarly, this year’s All Industry Rates of Drawback should be immediately revised of Chapter 41, 42, 43 & 64 to compensate the duties imposed on wet blue, crust, and finished leather as well as embellishments used in production.

Aug. 11th - 17th, 2021 Issue

Box Lines Ignore Contracts, ‘Collude’ To Force Shippers Onto Inflated Spot Market

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Chennai

Port Wings News Network Pennsylvania-based shipper has lodged a formal complaint against two global shipping lines.

In a $600,000 lawsuit filed with the Federal Maritime Commission (FMC) last week, MCS Industries, a family-owned home furnishings business, claims MSC and Cosco failed to meet contractual obligations, in violation of the 1984 US Shipping Act. MCS argues that “foreign-owned” shipping lines have: “Unjustly and unreasonably exploited customers, vastly increasing their profitability at the expense of shippers and the US public generally, which bears increased freight cost in the form of inflation.”

According to the suit, beneficial cargo owners (BCOs) operating to and from the US ordinarily pay for the shipments of cargo through bilaterally negotiated contracts with shipping lines, while spot rates are reserved for smaller shippers or one-time cargo movements.

However, MCS claims that, with the onset of the Covid-19 pandemic, shipping lines began to collude to manipulate the market.

The shipper told the FMC: “Global ocean carriers began taking parallel and strikingly similar actions to prop up ocean carriage pricing and improve their profitability at the expense of shippers and the public.”

These actions, it added, included blanking sailings, which had the effect of reducing capacity by creating an “artificial scarcity and boosting prices on the spot market” as demand increased.

Moreover, MCS claims that even as demand returned, the carriers did not return to pre-pandemic methods of working, but rather “doubled down” on the “manipulation” of the market, artificially keeping prices high.

A container load shipped from China to the US west coast in 2019 would have cost $2,700, but today that same container voyage would be priced in excess of $15,000, said MCS. The shipper alleges it has first-hand experience of carrier “misconduct”, with the lines refusing to discuss these issues when approached by MCS. The filing claims: “In a stark break from pre-pandemic practice, several ocean

carriers refused to negotiate or provide service contracts to MCS, and those that did provide such service contracts, including the respondents named herein, refused to provide more than a fraction of the cargo capacity that MCS requested and needs, despite the fact that the respondents overall have continued to operate at or near pre-pandemic capacity.”

According to MCS, Cosco offered just 1.6% of the capacity it was contractually obliged to make available, while MSC fared better, offering 35% of contracted cargo space.

“By definition, the service contracts required respondents to “commit to a certain rate or rate schedule and a defined service level, such as assured space, transit time, port rotation, or similar service features,” says the complaint.

And, in an alleged escalation of their failure to meet their contractual obligations, the shipping lines, including Cosco and MSC, then “forced” MCS to buy space on the vastly inflated spot market.

The carriers were able to renege on their contracts, claims MCS, because the lines were able to organise themselves into alliances which control 90% of the transpacific trade, and it is this alliance structure which allowed carriers to act in unison, forcing shippers onto more expensive spot rates, rather than transporting cargo at much lower, contracted rates.

According to MCS the shipping lines have “obliterated” the stable structure of the ocean freight transport industry.

In a first reaction to the news that MCS had filed a formal complaint, Global Shippers’ Forum executive James Hookham said the organisation would be “watching the developments closely”, and the case would “test the mettle” of the FMC and the regulatory structure in the US. He went on to say that parties would consider whether the action revealed any gaps in proposed amendments to the Shipping Act. In addition, the fact that MCS would have to act alone in the bringing of this case would also come under scrutiny.

According to Mr Hookham, current legislation prevents shippers from entering into a powerful class action agreement that would bring in other complainants

Major Global Liners Under FMC Lens Over Congestion Surcharges

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Chennai

Port Wings News Network he U.S. Federal Maritime Commission has sent inquiries to eight major global ocean carriers to provide details about congestion and related surcharges they have implemented or announced.

The move comes as a response to U.S. furniture company MCS Industries complaint filed to FMC against global container companies for violating their contractual obligations.

The carrier lines have allegedly ignored their contractual obligations, refusing to provide agreed-upon container space in order to take extortionate profits on the market.

The Commission’s Bureau of Enforcement (BoE) has given the ocean carriers until 13 August 2021, to provide details that confirm any surcharges were instituted properly and in accordance with legal and regulatory obligations.

“In reviewing ocean carrier responses, the Commission will determine if surcharges were implemented following proper notice; if the purpose of the surcharge was clearly defined; if it is clear what event or condition triggers the surcharge; and is it clear what event or condition has been identified that would

terminate the surcharge,” the statement reads.

The companies contacted are CMA CGM, Hapag-Lloyd, HMM, Matson, MSC, OOCL, SM Line, and ZIM. Each shipping line was identified as having recently implemented or announced congestion or related surcharges, according to FMC. Ocean carriers are subject to specific requirements related to tariff changes or rate increases, including providing a 30-day notice to shippers and ensuring that published tariffs are clear and definite.

“The COVID-related spike in demand for imports has pushed cargo rates to record highs,” said FMC Chairman Daniel Maffei.

“Now, we hear increasing reports of ocean carriers assessing new additional fees, such as ‘congestion surcharges,’ with little notice or explanation.”

“The congestion is due mostly to the tremendous volume of traffic coming from ocean carriers and through ports to satisfy the record demand for imports.”

“As Chairman, I want to know the carriers’ justifications for additional fees and I strongly support close scrutiny by the FMC’s Bureau of Enforcement aimed at stopping any instance where these add-on fees may not fully comply with the law or regulation,” concluded Maffei.

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Paradip Port Provides Food Materials for the Needy

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Paradip

Port Wings News Network s a part of ‘Azadi Ka Amrit Mahotsav’, an initiative of the Government of India, to commemorate 75 years of Independence, members of Gopabandhu Kreeda Sansad led

by Shri A.K. Bose, Dy. Chairman, PPT brought a pickup load of food materials, grocery, utensils, slippers and clothings, sanitisers, masks and distributed among the needy at the Balijhara Old

Age Home and Leprosy Colony. On this occasion, Shri Bose said, “PPT’s guiding principles are to serve and help the needy and downtrodden. To accomplish our aims and objectives we initiate and implement many humanitarian projects for children and adults.” Shri D.N. Sondhi, President, GKS, Dr. D.P. Sethy, Working President, Shri Rabi Das, Advisor, Shri Ranjan Rashmi Beura, Secretary, GKS, Shri AC Sahu, Harbour Master and other officials of GKS and PPT also participated in this noble cause.

Exports To Achieve Inclusive Growth by Promoting Farmers, Artisans and Engaging With Indian Diaspora: Sakthivel, President, FIEO New Delhi Port Wings News Network ailing the Prime Minister for laying down a road map for Indian exports, Dr A Sakthivel, President, FIEO said that his address and assurance of an all out support for exports has invigorated the exporters, who will go an extra mile to realise the target of US$ 400 Bn exports this fiscal.

The Prime Minister has expressed his deep concerns on logistics challenges faced by exporters and appropriately identified that logistics constraints and cost is a key challenge for exports and suggested both policy intervention and infrastructure creation to achieve it. President FIEO said that he is hopeful that the Government will do its best

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to address it expeditiously.

President FIEO said that exporters will handhold startups, artisans and farmers to enter into the field of exports to have a mutually beneficial relationship. He said that FIEO will engage with Indian diaspora to facilitate country’s exports.

The statement that the Government stands with exporters to help them to excel globally, said Mr Sakthivel, will go a long way not only in reducing compliance burden but also augmenting export production and diversifying exports base.

He thanked the Prime Minister, Commerce & Industry and Textile Minister and External Affairs Minister for such engagement with exporters and other stakeholders.

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Aug. 11th - 17th, 2021 Issue

Adani Ports Gains After Stellar Q1 Performance Chennai

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Port Wings News Network dani Ports and Special Economic Zone added 2.16% to Rs 707 after the company reported 77% jump in consolidated net profit to Rs 1,342 crore on a 99% increase in consolidated revenue to Rs 4,557 crore in Q1 FY22 over Q1 FY21, reports Capital Market News.

The increased revenue was on account of an increase in cargo at port by 83%, rail volume by 10%, and terminal volume by 13% in the logistics business.

APSEZ handled 76 MMT of cargo in Q1 FY22 compared to 41 MMT in Q1 FY21, registering a growth of 83% compared to 33% growth registered by All India cargo. This was on account of continued focus on handling multi commodities across various ports.

The company’s market share in All India cargo increased by 310 bps to reach 28.6% while its market share in the container segment increased by 163 bps to 42.7% in Q1 FY22 over Q1 FY21.

Consolidated EBITDA was at Rs 2,620 crore, registering a growth of 82% on a YoY basis. This was

mainly due to increased cargo volume, savings in operating cost, and operational excellence.

Profit before tax in Q1 FY22 stood at Rs 1,513 crore, up by 60% from Rs 943 crore in Q1 FY21.

In July 2021, as part of the capital management plan, Adani Ports and Special Economic Zone (APSEZ) successfully issued $750 million of dual-tranche 10.5-year and 20year unsecured bonds in global capital markets. APSEZ became the only infrastructure company in India to successfully place a 20-year paper, an achievement that reinforced its unique business model underscoring the strength of its strong fundamentals.

With this issuance, APSEZ has given a longer yield curve to investors and elongated its debt maturity to over seven years.

The operations of the company continued to benefit from its networked economies of scale and the digitization initiatives that the company has been investing in over the past several years.

Karan Adani, chief executive

officer and whole time director of APSEZ, said: “Our strategy of establishing a network of worldclass ports to balance cargo across the east and west coast has been tracking precisely as per plan, thereby continuing to de-risk our growth as well as lay the foundation of a broader logistics platform. This has resulted in APSEZ accelerating its market share gain.

We have therefore raised our target cargo volumes to 350360 MMT, which translates to unprecedented YoY growth of about 45%.”

Adani Ports has also raised its consolidated revenue guidance to Rs 18,000 crore – Rs 18,800 crore from Rs 16,000 crore – Rs 16,800 crore given earlier, representing a growth of 50%.

Accordingly, the consolidated EBITDA is now expected to be Rs.11,500 crore – Rs.12,000 crore as compared with an earlier guidance of Rs 10,200 crore – Rs 10,700 crore, representing a growth of 49%.

Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, has evolved from a port company to ports and logistics platform for India.

K.R. Uday Bhaskar Assumes Charge as Principal Commissioner of Customs, Air Cargo and Airport Chennai

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Port Wings News Network hri K.R. Uday Bhaskar, has taken charge as Principal Commissioner of Customs, Air Cargo and Airport under the Central Board of Indirect Taxes and Customs.

Shri K.R. Uday Bhaskar is a 1990 Batch I.R.S officer and has worked in various field formations of Central Board of Indirect Taxes and Customs in Mumbai, Chennai, Mysore, Trichy and Kochi. He has worked as CVO in Department of Atomic

Energy, Kalpakkam and as Special Director in Enforcement Directorate. Prior taking over the charge as Principal Commissioner of Customs Air Cargo and Airport, he worked as Principal Commissioner of Central Excise and GST in Kochi, Kerala.

Egypt Keen On Development Of Business With India Says Mr. Elnaga Mumbai

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Port Wings News Network eeting of Mr. Attia Abou Elnaga, Consul of the Arab Republic of Egypt with Mr. Vijay G. Kalantri, President, All India Association of Industries (AIAI) and Chairman, World Trade Centre (WTC), Mumbai, during the meeting, Mr. Elnaga said that Egypt is looking for developing business with Asian Countries in particular with India and the sectors like

Healthcare, Spices, Rice, Capital Goods, Auto – Components and Tyre, Industrial Products etc., Egypt is further looking to exports to India of Furniture, Textiles, Carpets, Fruits and other items.

Mr. Elnaga further said that Egypt can be used as a hub as it is strategically located to develop the business opportunities with other countries such as East, South Africa and Western Countries besides GCC Countries and other

in and around Egypt as export to those countries are without Export duties.

Mr. Kalantri said that India has been regularly promoting business opportunities with Egypt including exchange of Trade delegation and disseminating information from time to time. There is a great scope for promoting further business activities in view of our long standing relations since the opening of Suez Canal with Egypt.

Suez Canal Achieves Record Results Despite COVID-19 Chennai

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Port Wings News Network gypt’s Suez Canal managed to achieve record results during fiscal year (FY) 2020/2021 despite the repercussions of the pandemic.

According to a report published by the Cabinet’s Media Center on Wednesday, the canal’s net tonnage surged by 51.1% to 1.191 million tonnes in FY20/21, compared to 788 million tonnes in FY09/10.

The New Suez Canal has boosted the capacity of the canal to 97 vessels per day, compared to 77 and deepened the permissible draft to 66 feet in the two directions.

The canal’s revenues reached an all-time high of $5.84 billion in the last fiscal year, compared to $5.72 billion in FY19/20, $5.75 billion in FY18/19, $5.61billion in FY17/18, $5 billion in FY16/17, $5.13 billion in FY15/16, $5.37 billion in FY14/15, $5.31 billion in FY13/14, $5.03 billion in FY12/13, $5.23 billion in FY11/12, $5.05 billion in FY10/11, and $4.54 billion in FY09/10.

In the first half (H1) of 2021, the number of vessels passing through the waterway rose by 2.3% to 9,762, compared to 9,546 in H1-20.

The net tonnage increased by 3.8% to 610.1 million tonnes in the JanuaryJune period from 587.7 million in the year-ago period, while revenues grew by 8.7% to $3 billion in H1-21 from $2.76 billion in H1-20.

April 2021 witnessed the highest ever monthly revenue of the canal at $553.6 million, while the highest daily net tonnage was recorded on 2 August 2019 with a total volume of 5,619 tonnes.

The International Monetary Fund (IMF) expects the canal to generate $6.6 billion in revenue in FY21/22, $6.9 billion in FY22/23, $7.3 billion in FY23/24, and $7.6 billion in FY24/25.

China Denies Stopping Ships With Indian Seafarers From Entering Its Ports Chennai

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Port Wings News Network hina denied imposing an unofficial ban on commercial ships with Indian crew to berth in its ports, saying that Beijing has never imposed such restrictions and the reports were “not accurate”.

Asked about the reports of the unofficial ban, Chinese Foreign Ministry spokesman Zhao Lijian told a media briefing here that after consulting relevant departments, it has been found that China has never imposed such restrictions. “The relevant reports by the media are not accurate,” he said.

The All India Seafarer & General Workers Union, in a recent letter to Minister for Ports, Shipping and Waterways Sarbananda Sonowal, sought the government’s help in saving the jobs of thousands of Indian seamen, as companies are not recruiting them for the China-bound ships.

The seafarers’ body has claimed that as many as 20,000 seafarers are

“home” because of this reason.

The body said in its letter that from March 2021, any ship having Indian seafarers as crew members is not being allowed to enter ports in China.

According to the body, around 80 per cent of seafarers on various ships come from India, and “without them, the shipping industry will collapse and will be in big disaster”.

Earlier, two commercial ships with Indian crew members had to divert to ports in other countries for crew change as the vessels had to wait for months to get the anchorage in Chinese ports. A ship named “Jag Anand” with 23 crew members, after a six-month-long wait to unload its Australian coal cargo, last year had to travel to a Japanese port to change the stranded crew following refusal

by Chinese officials citing Covid protocols. Another ship named MV Anastasia with 16 Indian crew members, carrying Australian coal, waited for months to deliver cargo to Caofeidian port in China.

AIAI Welcomes Change in Retrospective Tax Mumbai Port Wings News Network All India Association of Industries welcomes this bold and positive decision taken by the government and Hon’ble Prime Minister Narendra Modi ji & Finance Minister Ms.Nirmala Sitharaman ji to do away with the Retrospective Tax - a step in right direction will create conducive atmosphere for investors and do away long pending litigations said Mr. Vijay Kalantri, President, All India Association of Industries.

AIAI further states, the tax

which is swayed way not only new investors but existing investors and because of this act many investors were rethinking of investing in India although it took 7 years to reverse the decision but better late than never.

This will open up various avenues for investors to look at it India seriously and positively by reassuring the government and its commitment towards economic reform ascend positive thinking towards domestic and foreign investment added Mr. Vijay Kalantri, President, All India Association of Industries.

Tender for mass plantation along Cooum by CRRT cancelled Chennai Port Wings News Network he tender to undertake mass plantation along the Cooum river, floated by the Chennai Rivers Restoration Trust (CRRT), has been terminated, according to a report in the New Indian Express daily.

In an article published in March, Express had underlined various implementation issues with the Rs 36 crore project including the lack of a contingency plan for the young saplings when work begins on the Chennai Port-Maduravoyal Elevated Expressway.

Concerns raised in the article have come true with work on the Chennai Port-Maduravoyal Expressway expected to begin soon. Work is to be carried out along 15 km of the Cooum river’s 30-km stretch.

Hence, plantation, as originally envisaged by the CRRT may not be carried out, leading to the trust cancelling the contract. The tender which was floated in January this year had been awarded to a private concern — Erode-based RPP Infra Projects Limited.

According to official sources, it has now been decided that, while the plantation scheme along the Cooum will still be carried out, work will be handed over to the local bodies including the city corporation.

While work on the expressway

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will be carried out until Koyambedu, the stretch along the Cooum beyond that will be taken up for plantation by the concerned urban local bodies including the city corporation and the Thiruverkadu municipality, among others.

“Even in the areas where the expressway work is expected to be carried out, discussions are on to use the stretches of the banks that are not affected, for plantation and riverfront development,” said an official.

Speaking to Express, a corporation official said that the civic body will take up plantations from scratch in the approved areas.

“Wherever CRRT has already undertaken plantations, they will continue to maintain them,” the official said.

The trust claims to have planted around 29,000 saplings along the Cooum. While it will not take up any new plantations, it will continue to maintain the saplings already planted at a cost of around `2.7 crore.

The mass plantation project aimed to plant 4.53 lakh saplings along the Cooum river bank under the Integrated Cooum River Ecorestoration Project for a length of 60 km (30 km on each side) from the river mouth to Paruthipattu. While it was a promising proposal on paper, its implementation by the trust had raised several concerns including the lack of categorical budgeting for the saplings in the tender.

Aug. 11th - 17th, 2021 Issue

Green Port Initiatives: Jawaharlal Nehru Port Trust Inducts 9 Electric Vehicles

VOC Port becomes first to deploy e-cars Tuticorin Port Wings News Network he VOC Port Trust has become the first major port in the country to deploy e-cars. It has inducted three Tata Xpres-T electric vehicles in the first phase.

Port Chairman, T. K. Ramachandran, flagged off the e-vehicles (EVs) in the presence of Bimal Kumar Jha, Deputy Chairman, V. Suresh Babu, Chief Mechanical Engineer, and other senior officials at the administrative office on Wednesday. Executive vice president, EESL Group, virtually joined the event. The public sector undertaking joint venture, under the Ministry of Power, has supplied these vehicles on lease for six years. A similar number of vehicles will get inducted in the near future.

As part of a wet lease agreement, EESL will also be providing charging points at the Port, insurance, registration, deployment of drivers and maintenance of the vehicles.

The monthly recurring cost payable to EESL, excluding electricity consumption charges, will be ₹40,000.

The EVs being deployed have a 21.50 kWh Lithium ion battery pack, capable of powering the vehicle for 231 kilometres on a single charge. The battery pack would be powered by an AC charger set-up that can simultaneously charge three cars (3 outputs) at a time with an output power rating of 3.3kW per car.

The charger can charge the battery from 0 to 100% in eight hours. With zero tail-pipe emission, each electric vehicle would reduce the greenhouse gas footprint by more than 1.5 tonnes of carbondioxide every year.

“As part of ‘Maritime India Vision 2030’, the Ministry of Ports, Shipping and Waterways is committed to leading the world in safe, sustainable and green maritime sector and adhere to globally-recognised environmental quality standards. V.O. Chidambaranar Port is equally inspired to induct multi-clean fuel strategies to reduce emissions at the Port,” Mr. Ramachandran said.

The Port also has planned to launch a green initiative for promoting e-mobility

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in Thoothukudi and on the roads leading to cities like Tirunelveli and Madurai as a corporate social responsibility project. As part of this, a number of charging stations will be established in collaboration with EESL for convenience of EV owners and taxi operators at public places in government parking areas like airports, railway parking etc. through a pay-per-use model. The initiative will not only boost faster adoption of smart technology and the overall e-mobility sector in this part of the State, but also aid to reduce the foreign currency burden on the country towards import of crude oil, Mr. Ramachandran contended.

“We have established 500 KW Rooftop Solar Power Plants at various buildings of the Port and a 140 KW Rooftop Solar Power Plant work is in the final stage of completion.

Additional proposals have also been initiated for installing around 270 KW solar roof top power plants at various locations of Port establishments. A 500 KVA shore power supply has been installed to provide electric power to ships to reduce carbon foot print at berths. All buildings of the Port have been provided with LED Lights,” Mr. Ramachandran said.

To monitor the air quality in the Port area, ambient air quality monitoring stations have been commissioned at three locations, he noted.

To suppress dust emanating from Port operation, a Mobile Fogging Machine, a Road Sweeping Machines and water sprinklers have also been commissioned.

The Port was also in the process of establishing a 2.8 MW wind farm at the Port estate to meet the comprehensive energy requirements of the Port. The feasibility of setting up LNG bunkering facility is also being explored.

Mr. Saurabh Kumar stated that EESL was committed to extending its support in all the energy efficiency initiatives of the Port. In a bid to promote faster adoption of electric mobility, EESL was providing two-wheelers to the employees of government organisations with EMI and salary deduction options.

Give Reasons For Delay In Projects Under Sagarmala Programme: Panel

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Chennai

Port Wings News Network he Parliamentary Standing Committee on Transport, Tourism and Culture has asked the Ministry of Ports, Shipping and Waterways to provide reasons for the delay in the completion of 632 projects under the Sagarmala programme, reports Business Line The report of the panel on “Promotion of Infrastructure in India’s Maritime Sector”, tabled in both the Houses on Wednesday, said only 172 projects out of the 802 sanctioned projects under the Sagarmala Programme have been completed and the remaining 632 projects are under the implementation stage, which is far from being satisfactory.

The panel said the shipping industry in India is subjected to multiple taxes as compared to leading maritime nations due to which shipping companies are not attracted to invest in India. It asked the Ministry to formulate a new tax regime in line with other tax regimes of leading maritime nations.

‘Expedite Projects’ The panel asked the Ministry to expedite the projects. “The Committee, therefore, desires to know whether the projects under implementation have witnessed any time overrun and cost escalation as compared to the original cost and timeline of the projects. The Ministry should also mention the precise reasons for delay, if any, port-wise and steps being taken to address such delays,” the report said.

It also found that only a small fraction of funds has been utilised so far from the allocation and said it speaks of very poor planning and fiscal indiscipline. “The Committee would, therefore, like to be apprised of the measures taken for effective and efficient utilisation of sanctioned funds,” the report added.

Dedicated Mechanism It recommended a dedicated mechanism for effective coordination and monitoring of PPP projects for developing of private ports in the country. “Further, ways should be chalked out to link private ports with the major and minor ports of the country in order to cater to the growing requirement for import/ export of manufactured goods/ raw materials, immediately after the phase of Covid-19 pandemic is over,” the report said.

The Committee expressed dismay to note that out of 98 road connectivity projects to ports, only 13 projects have been completed.

“Similarly, out of 91 rail connectivity projects, only 28 projects have been completed so far.

This speaks of poor coordination between the Ministry of Ports, Shipping and Waterways and the implementing agencies. The Ministry is extending timelines for execution of these projects instead of emphasising upon their timely and speedy completion,” the report said and recommended a dedicated monitoring mechanism to ensure completion within the approved cost and designated timeline.

5

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Mumbai

Port Wings News Network ince its inception, Jawaharlal Nehru Port Trust (JNPT), one of India’s premier container handling Ports, has been working towards adopting sustainable solutions in its operational area. In a major push under green port initiatives and with a vision to achieve sustainability goals, Shri Sanjay Sethi, IAS, Chairman, JNPT, today deployed 9 electric vehicles for the employees of JNPT to travel within the port area, in the presence of Shri. Unmesh Sharad Wagh, IRS, Deputy Chairman, JNPT, HODs, and other stakeholders.

The induction of the EV fleet is in line with JNPT’s green port initiative, and the deployment of eco-friendly mobility solutions for the JNPT employees is yet another addition to the port’s host of sustainable, green initiatives. The e-vehicles are zero-emission vehicle that will enable JNPT transition to green and energy-efficient mobility solutions.

Furthermore, JNPT has also operationalized a dedicated charging station for the newly inducted e-vehicle fleet.

Speaking at the inauguration event, Shri Sanjay Sethi, IAS, Chairman, JNPT, said, “JNPT persistently focuses on sustainability to minimize the impact of the port’s operations on the environment and surrounding communities. The port not only aims to obtain economic efficiencies but also focuses on ecological and social stability. Industries

across the world are incorporating climate change aspects to increase accountability towards an environmentally-conscious world.

EVs offer a way lower cost of ownership as they are much easier for maintenance and reduce the dependency on fast depleting fossil fuels. With the induction of EV vehicles, we will be at par with sustainable global ports augmenting JNPT’s stature to be among the prominent container ports in the world. We will continue to work towards building a clean, green and sustainable port.”

JNPT has initiated various environmental upgrades and Green Port Initiatives like Sewage Treatment Plant, Shore Power Supply to Tugs/Port Crafts, Continuous Ambient Air Quality Monitoring Station, Comprehensive Solid Waste Management Facility, E-RTGCs, Oil Spill Response (OSR) facilities. JNPT has also installed Solar Panels of around 2.3 MWP on the rooftops of the public buildings of JNPT and Private Terminals and has also switched to LED lights at the Port area to lower energy consumption & decrease carbon footprint.

JNPT is also conducting a sustainability study through TERI to communicate environmental, Social, and Governance (ESG) goals.

The port not only aims to obtain economic efficiencies but also focuses on ecological and social stability. Thus, environmental protection will continue to be an integrated aspect in JN Port’s planning and operations.

APEDA Inks Mou With University Of Agricultural Science, Bangalore For Boosting Agri-Exports New Delhi Port Wings News Network o give boost agricultural and processed food products exports especially from Karnataka, the Agricultural and Processed Food Products Export Development Authority (APEDA) signed Memorandum of Understanding (MoU) with University of Agricultural Science (UAS) Bangalore.

According to the MoU, the key areas of cooperation include developing technologies jointly with APEDA for advance alertness, efficient & precision farming for enhancing quality exports; diversifying the export basket, destinations and boost high-value agri exports by establishing Brand India globally by increasing agri-exports from Karnataka under Agri Export Policy (AEP) announced

by Government of India in 2018.

The collaborations between APEDA, which functions under Ministry of Commerce & UAS, will also help in strengthening forward and backward linkages, participations in international exhibitions and fairs, branding and marketing, establishment of market intelligence cell, developing traceability systems.

The APEDA and UAS, Bangalore will also facilitate participation of farmers, entrepreneurs, exporters and other stakeholders to promote agri-businesses & exports, including B2B & B2C fairs to be organised in India and abroad and also mutually cooperate in market development and traceability in millets and millet products, fresh fruits like Mango, vegetables, jaggery, processed fruits and vegetables. Promotion and hand-holding of Farmer Producer Organizations / Farmer Producer Companies and linking them with international markets will also be the part of the agreement between APEDA and UAS. The MoU will also help in development of agri entrepreneurs, technopreneurs capacity building, robust skill development and focus

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on building a collaborative approach for promoting export by creation of product specific clusters.

APEDA and UAS, Bangalore have also agreed to work in close coordination to establish a centre of capacity building at UAS, Bangalore for farmers and motivate university students to promote agri-businesses for exports. Also, a Post Graduate Certification course with support of APEDA will also be started.

The MoU will also help in development of an end-to-end sustainable value chain of horticulture/livestock produce with APEDA to promote better consignment commitment to importing countries and developing standard operating procedures of potential products of the state for exports.

The UAS, Bangalore will also contribute in development of real time solution for pests and diseases (spongy tissue fruits flag, stone weevil, ralstonia aflatoxin etc.) and facilitate in the zoning of animals and compartmentalization of poultry products. The university in association with APEDA will also develop a curriculum on organic exports as per NPOP guidelines for the students of Karnataka.

The MoU was signed in the presence of

by Dr. M. Angamuthu, Chairman APEDA and Dr. S. Rajendra Prasad, Vice-Chancellor UAS, Bangalore. The MoU aimed at utilising both the organisations’ expertise by mutually working together to synergize the activities in the interest of agriculture and allied sectors for bringing better value to the stakeholders.

AEP was framed with a focus on agriculture export-oriented production, export promotion, better price realization to farmer and synchronization within policies and programmes of Government of India. It focuses on “Farmers’ Centric Approach” for improved income through value addition at source itself to help minimize losses across the value chain.

6

Vessel Position at Terminals - (11.08.2021 To 18.08.2021)

Aug. 11th - 17th, 2021 Issue

7

CCTL - Chennai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

11/08

12/08

ISG

EF EMMA

JEB/COK/CMB

09/08

10/08

IEX

MOL GUARDIAN

TUT/LEH/JED/HAM/ANR/CMB/ RTM/PIR/COK/DAM/VTZ/LGP/KRI

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

10/08

11/08

BULK

STRATEGIC HARMONY

1

PM1

11/08

12/08

BULK

THORO LEGACY

1

ESA

12/08 13/0 15/08

13/08 14/08 16/08

TCX ADHOC CIX

WIDE JULIET

002W

BLPL BLESSING

2113

HYUNDAI PLATINUM

072W

Calling Ports

ETD

Service

Vessel Name

ONE

Port Kelang(North port) – Singapore,Shangha

BLP

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

HMM

16/08

17/08

HAL>INCOK>IMAA

SSL GUJARAT

Voy

ETD

Service

Vessel Name

Voy

Agent/ Line

14/08

15/08

FME

VERMONT TRADER

023W-023E

RCF

Port Kelang(North port) – Singapore,Shangha

13/08

14/08

TCXNEW

WIDE JULIET

002

ONE

Port Kelang(North port) – Singapore,Shangha

16/08

17/08

CI3

TONGVA

W012-E012

WAN

Port Kelang(North port) – Singapore,Shangha

12/08

13/08

MD1

GREEN HOPE

26730W-26730E

WAN

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

Calling Ports

Agent/Line

Calling Ports

IMPERIAL

HAL>INCOK>IMAA

Agent/Line

08/08

09/08

TUX

MV.OEL SHRAVAN

21153

TWF

COLOMBO, TUTICORIN, COLOMBO

09/08

10/08

BOX

MV.SMILEY LADY

21059S

BTL

COLOMBO, TUTICORIN, COLOMBO

11/08

12/08

CTS

MV.KAPITAN MASLOV

147S

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

13/08

14/08

BOX

MV.SMILEY LADY

21060S

BTL

COLOMBO, TUTICORIN, COLOMBO

14/08

15/08

CTS

MV.KAPITAN MASLOV

148S

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

Jebel Ali, Mundra,Hazira,Nhava Sheva

NSICT - Mumbai Voy

ETA

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin

Kakinada Container Terminal ETA

CITPL - Chennai

ETA

ETD

Service

Vessel Name

Calling Ports

11/08

12/08

BLUENILE

CELSIUS NICOSIA

MSK

11/08

12/08

MESAWA

RHONE MAERSK

MSK

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

12/08

13/08

IIX

KASHAN

RIS

Nhava Sheva, Mundra, Port Qasim, Singapore

13/08

14/08

MIDAS

TR ATHOS

CCA

Nhava Sheva, Mundra, Port Qasim, Singapore

13/08

14/08

IPAK

MSC NAOMI

MSC

14/08

15/08

MWE

MAERSK BROOKLYN

MSK

15/08

16/08

MECL

MAERSK DENVER

MSK

16/08

17/08

AS1

CMA CGM BERLIOZ

CCA

16/08

17/08

IAS

MSC JESSINIA R

MSC

18/08

19/08

BLUENILE

MERKUR ARCHIPELAGO

MSK

18/08

19/08

MESAWA

MARATHOPOLIS

MSK

VCTPL, Vizag ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

11/08

12/08

CCG

VARADA

39

SMI

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

12/08

13/08

CVK

MSC JANIS3

SV129R

MSC

13/08

14/08

FME

VERMONT TRADER

023E

RCL

Port Kelang(North port) – Singapore, Shanghai

16/08

17/08

MDM

GREEN HOPE

26730E

WHL

Colombo

17/08

18/08

CHX

JOSEPHINE MAERSK

132W

MSK

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

18/08

19/08

CCG

SM MANALI

5

SMI

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

18/08

19/08

TCICOS

TCI LAKSHMI

2

TCI

Cochin, Kanda, Mangalore, Cochin

Colombo,Damietta Piraes Rotterdam, London

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

APM Terminal - Mumbai ETA

ETD

Service

Vessel Name

17/08

18/08

CIX3

11/08

12/08

12/08

Voy

Agent/Line

Calling Ports

ZOI

ZOI

Jebel Ali, Mundra,Hazira,Nhava Sheva

CIX

GREEN HARMONY

HLI

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

13/08

CIX3

XIN HONG KONG

CEA

Jebel Ali, Mundra,Hazira,Nhava Sheva

17/08

18/08

CWX

CALIFORNIA TRADER

SEC

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

19/08

20/08

PS2

ONE TRITON

ONE

17/08

18/08

CWI

IAN H

GLD

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

16/08

17/08

CWI

TESSA

ESA

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

13/08

14/08

FM3

SC MONTREUX

MAE

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

14/08

15/08

TIP

X-PRESS BARDSEY

SEC

Jebel Ali, Mundra,Hazira,Nhava Sheva

17/08

18/08

MINA

BERLIN EXPRESS

HLI

Jebel Ali, Mundra,Hazira,Nhava Sheva

19/08

20/08

CWX

KOTA LUMBA

PIL

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

14/08

15/08

ASX

GFS GISELLE

SMM

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.

Hindussthan Marine Engineering Works Ship Building | Ship Repairs | Floating Dry Dock Bulk Cargo Handling Jetty Shipyard: Dhargas, Pudupattinam Village, Sirkhazhi Taluk, Nagapattinam Distict, Tamilnadu 609 101, India Tel: +91(4364) 268699 Fax: +91 (4364) 268499 E-mail: hindussthanship@gmail.com 1, Old Sical Plot, Fire Fighting Road, Inside Chennai Harbour, Chennai - 600009. Tamilnadu, India Tel: +91 (44) 25380055 / 25395799 Fax: +91 (44) 25393717 hindussthan@yahoo.co.in / hindussthan@gmail.com

Web: www.hindussthan.in

Aug. 11th - 17th, 2021 Issue

DNV, Nakilat JDP Works To Improve Vessel Software Reliability and Quality Chennai

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Port Wings News Network akilat, a global leader in energy transportation, Classification Society DNV, and a group of leading yards and system suppliers have teamed up on a joint development project (JDP) to elevate software reliability and maintenance during operations. The JDP, which was initiated in 2020 by Nakilat, has resulted in the launch of a new DNV Recommended Practice (DNV-RP-0582), published in June 2021.

Today, critical vessel functions rely heavily on computerized software-based systems that are becoming more complex, automated and integrated. Software failures or reliability issues can now result in significant safety risks, as well as lost revenue due to off-hire days. To help address these risks, DNV and Nakilat brought together shipyards – DSME, Hudong, HHI and SHI, with system suppliers – ABB, Honeywell, Kongsberg and Wartsila, to contribute to the development of the RP. Nakilat Chief Executive Officer Eng. Abdullah Al-Sulaiti said: “With one of the largest LNG shipping fleets in the world, we are intimately aware of the importance of Information Technology (IT) integrity in ensuring safe, sustainable and reliable vessel operations. With the experience gained from completing our own fleet-wide digitalization exercise,

we are pleased to be partnering with key players in the industry to share our insights and contribute towards the improvement of vessel IT and computerization reliability and quality. The newly published RP will act as a key enabler for the safe implementation of new digital

technologies onboard, helping other vessel managers and owners to mitigate the risks of digitalisation while improving the safety of the crew, environment, vessel and cargo.”

“Our recent white paper highlighted an emerging safety gap in shipping rooted in the rapid digitalization of the industry and the increasingly complex on-board systems of modern vessels,” said Knut Ørbeck-Nilssen, CEO of DNV Maritime. “Addressing these emerging risks is essential to our mission as a classification society, but it requires a collective effort.

This is why we are very pleased that there is such a strong industry

participation in this project, as it further underlines the growing importance of this topic. The RP is designed to help owners and operators deal with software in the same way they would machinery or other physical systems onboard and with the RP now available, we hope to see this implemented soon in both newbuildings and the existing fleet.”

The Recommended Practice (RP) provides guidance on the handling of complex software and computer-based systems throughout a vessel’s life cycle (design, construction, commissioning, and operation).

By focusing on system integration and software change handling, the RP works to improve software reliability and quality.

Furthermore, the RP may be used as a contractual element/ requirement in newbuilding or conversion projects, and/or as guidelines for suppliers, system integrators and owners/operators to check compliance and the ongoing status of systems. The RP can also assist in establishing maintenance plans, service level agreements and life cycle warranties for software, provides a process to assess project timelines and risks, including alignment across sister vessels, and provides recommendations to increase the interoperability and integrability of vessel software and systems to vessels at both the newbuilding and operational phases.

Putin’s Approval Sought For Northern Sea Route Plan Chennai

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Port Wings News Network ussian President Vladimir Putin has been urged to approve the ambitious Northern Sea Transport Corridor project in order to open up the Northern Sea Route, which is attracting interest from the international business community.

Rosatom Director General Alexey Likhachev told Putin in a meeting at the Kremlin Wednesday that the containerized shipping industry is increasingly expressing interest in the Northern Sea Route following the events in the Suez Canal and growth in world trade.

“We would like, with your consent, to start developing a large container transport logistics corridor on the basis of our Northern Sea Route project,” said Likhachev.

He added that developing the route for the commercial shipping industry will open a completely new level of business and economic positioning, not only for the state corporation but also for Russia, with the wider objective being to benefit the world economy.

The project involves the development of two terminal hubs, a fleet of icebreakers, port infrastructure, communication and navigation systems, among other investments.

According to Likhachev, Rosatom is implementing projects designed to open the route to commercial shipping with focus being on conducting additional analysis on the needs for icebreaking

support for medium and long term operations.

The company reckons it might need three to six new powerful icebreakers to keep the entire Northern Sea Route open for daily shipments throughout the year. It has embarked on plans to build the first batch of icebreakers powered by liquified natural gas (LNG).

“All projects on the Northern Sea Route are developing, perhaps even at a higher pace than we planned. In this regard, we are conducting an additional analysis of the needs for icebreaking support after 2024, after 2030,” said Likhachev.

The Northern Sea Route is emerging as a strategic economic front for Russia as countries and shipping lines seek to find alternative routes to Asia and Europe.

Disruptions like the blockage of the Suez Canal in March and continued COVID-19 disruptions in ports have weighed on an otherwise booming ocean freight industry, which is enjoying unprecedented demand and profitability.

Rusatom Cargo, a subsidiary of Rosatom, contends that transit cargo flow along the Northern Sea Route could reach 80 million tons per year by 2024, up from 33 million last year.

Last month, Rosatom signed an agreement with DP World establishing a joint venture that will invest in, build and operate transport and logistics capacity along the northern transit corridor.

“DP World supports Russia’s efforts to diversify trade flows between Asia and Europe. The Northern Transit Corridor holds out the prospect of shorter transit times between East and West,” said Sultan Ahmed Bin Sulayem, DP World CEO. He added the northern route cuts up to 19 days from the journey time between South East Asia and North West Europe because it is shorter, faster, less congested and more efficient.

7

NEWS - BITS Eneti To Acquire Seajacks To Become The World’s Leading Owner And Operator Of Wind Turbine Installation Vessels

Eneti Inc. announced that one of its wholly-owned direct subsidiaries entered into a binding agreement with Marubeni Corporation, INCJ, Ltd. and Mitsui O.S.K., Lines Ltd. under which Eneti will acquire 100% of Atlantis Investorco Limited, the parent of Seajacks International Limited, for consideration of approximately 8.13 million shares, $299 million of assumed net debt, $74 million of newly-issued redeemable notes, and $12 million of cash, according to the company’s release.

The share consideration is comprised of 7,433,031 common shares and 700,000 preferential shares in Eneti, subject to closing adjustments.

The preferred shares hold a liquidation preference, will receive regular dividends, are without voting rights, and will be converted to common shares (subject to certain conditions). In order to satisfy a portion of Seajacks’ debt, the Sellers will receive cash consideration of $12 million.

At closing, the Company will issue subordinated redeemable notes totaling $73,599,849. Eneti will also assume $87,650,000 of subordinated, nonamortizing debt due in September 2022 and owed to financial institutions with guarantees provided by the Sellers. The remaining existing secured debt of approximately $267,532,868 will be satisfied in full upon closing of the transaction.

Upon closing, existing Eneti shareholders will own 58% of Eneti and the Sellers will own 42%. As a result of the transaction, Mr. Hiroshi Tachigami of Marubeni Corporation, and Mr. Peter Niklai of INCJ, Ltd. will join the Eneti Board of Directors.

Domestic Shipbuilders Secured 55 Fishing Vessels, 41 Crab Catchers

Representatives of the Federal Agency for Fishery (Rosrybolovstvo), the Ministry for the Development of the Russian Far East, the Ministry of Industry and Trade, the banking sector, participants of the presidential programme “extra fishing quotas in exchange for investments in newbuilds”, representatives of associations and industry experts assessed the results of the first stage of the application of the new instrument of state support, expressed opinions and suggestions on the continuation of the programme, the Federal Agency for Fishery said.

The purpose of the meeting is to compare positions on key issues in the development of Russia’s fishery sector and prepare for a constructive dialogue at the key sectoral session of EEF2021.

In his opening remarks Gadzhimagomed Huseynov, First Deputy Minister for the Development of the Far East and the Arctic said that the industry was able in five years to increase the volume of investments fivefold. “In my opinion, this is one of the most interesting topics on the EEF2021 agenda. The fishing industry in the Far East is one of the main ones, where a significant amount of investment is attracted, where a large number of the population is employed,” the official said.

Khasan Likhov, Deputy Head of the Federal Agency for Fishery highlighted the importance of the investment quotas mechanism which initiated and gave a significant impetus to attracting investments in the fishing industry. In 2020, the volume of investments surged by 51.3% and reached RUB 68.1 billion. “The mechanism of ‘investment quotas’ should ensure sustainable development of fisheries, increase the economic efficiency of the sector. We see that the environmental agenda is coming to the fore in the international arena. Ecology is becoming an instrument for regulating the economy, including in terms of requirements for newbuilds. If we do not comply with new trends, we will lose our competitive advantages and will not be able to secure the leading positions of the Russian fish industry,” Khasan Likhov was quoted as saying.

CUSTOMS EXCHANGE RATES Notification No.65/2021 (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 6th Aug. 2021

RATE (INR) Import Export 56.15 203.30 60.35 11.65 12.05 89.45 9.70 255.60 53.75 8.55 104.90 21.05 20.45 55.90 5.35 8.75 83.45 9.05 20.85 75.10 68.95 6.70

53.75 190.85 58.20 11.30 11.60 86.30 9.35 239.35 51.35 8.25 101.40 19.75 19.20 54.00 5.00 8.45 80.20 8.50 19.60 73.40 66.45 6.30

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

8

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 (11.08.2021)

Aug. 11th - 17th, 2021 Issue

A.P. Moller - Maersk Reports Record Earnings, Continued Growth Momentum in Logistics Chennai

I

Port Wings News Network n the second quarter of 2021, A.P. Moller - Maersk continued to deliver strong growth and profitability, with record-breaking performance marking the 12th quarter of successive year-on-year earnings progress.

Revenue grew 58 pct. to USD 14.2bn in Q2 and EBIT increased almost five times to USD 4.1bn.

The net result came in at USD 3.7bn in the second quarter, bringing the net result for the first half of 2021 to USD 6.5bn. Return on invested capital (ROIC) is now at 23,7 pct. for the past 12 months.

Søren Skou of CEO A.P. Moller – Maersk, said, “The strong results benefited both from the exceptional

circumstances in Ocean, where congestions and bottlenecks continued to drive up rates, and from solid progress in executing on our strategic transformation where we kept a firm focus on our customers need for integrated solutions across their supply chains. I am pleased with the strategic progress we have made and the high value generation. We continue to build a higher quality Ocean business with more long-term contracts, a rapidly growing logistics business, and a value creating terminals business.

Our exceptional earnings and high cash flow enable us to further accelerate our transformation, invest in growing our activities, also through acquisitions and at the same time return cash to shareholders. To that effect we also announced today

the acquisitions of Visible SCM and B2C Europe which complements our existing supply chain offering and addresses our customers need for E-commerce logistics.”

In Ocean, profitability in Q2 was driven by revenue growth to USD 11.1bn from USD 6.6bn and EBIT increased to USD 3.6bn from USD 0.5bn. The growth came from a 15 pct. rebound in volumes and an increase in average freight rates of 59 pct., as both long-terms contracts rates with key clients increased and short-term contracts were still impacted by congestions and bottlenecks.

Logistics & Services delivered 38 pct. revenue growth to USD 2.2bn in Q2 with more than half coming from the top Ocean customers.

Demand was strong across all

product families and consequently EBIT more than tripled to USD 153m compared to USD 42m in the same quarter last year, leading to an EBIT margin of 7.1 pct.

Also, Gateway Terminals had a strong Q2 with volumes rebounding 24 pct. and persisting high storage income. Revenue increased to USD 969m from USD 723m last year, while EBIT doubled to USD 302m leading to an EBIT margin of 31.1 pct.

Guidance for 2021 “The outlook for Q3 is strong and we expect that the current momentum in Ocean will continue into Q4, also benefitting our Terminals business.

Logistics & Services will continue its strong growth pattern for the rest of the year. As communicated on 2 August, we have upgraded our

guidance for 2021 to an underlying EBITDA of USD 18-19.5bn, an EBIT of 14-15.5bn and a free cash flow expected to be minimum USD 11.5bn,“ Søren Skou said.

Ocean is still expected to grow in line with global container demand, which is now expected to grow 6-8 pct. in 2021 (previously 5-7 pct. in 2021), still primarily driven by the export volumes out of China to the USA. For 2021-2022, the expectation for the accumulated CAPEX remains to be around USD 7bn.

Earnings in Q3 are expected to exceed the level for Q2 2021. Trading conditions for the quarters ahead are, however, still subject to a higherthan-normal volatility due to the temporary nature of current demand patterns, disruptions in the supply chains and equipment shortages.

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LAST DATE FOR ADVT BOOKING 25th Aug. 2021

Special

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Port Wings plans to bring out a Edition on account of 7th Anniversary

The special edition will carry articles from all verticals of EXIM trade and special interviews from well-known personalities in the sector.

For Pre-booking Advertisement space, Contact:

K.Sivakumar - 9444222056, C.U.Satheesh - 9444158179 Sathish Kumar (Executive) : 7305315408 9597684285 (Tuticorin) Email: marketing@portwings.in

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.