Port Wings Maritime Exim Weekly 18 August 2021 Issue

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Aug. 18th - 24th, 2021 Issue

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

Wednesday, August 18, 2021

8 Pages

Spot rate black market rampant in India Mumbai

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Port Wings News Network nscrupulous forwarders in India are taking advantage of “desperate” shippers, using inside information from shipping lines to create a “black market” for spot bookings, it is claimed.

Container shipping’s worstever capacity crunch has led to skyrocketing freight rates and a sold-out spot market, said Rakesh Pandit, CEO of Pune-based Conbox Logistics.

He added: “And freight rates aside, we have reached a situation in India where there are no spot bookings available on routes to Oceania, West Africa, and North and South America. We have not even crossed mid-August and shipping-lines are asking to check for bookings in September.

“Shippers that have received the orders are stuck with inventory; they’re either forced to wait for a booking or cancel the orders.

“To make matters worse, black

marketing of spot bookings is rampant, thanks to a nexus between the sales teams of shipping lines and few bad apples.”

Mr Pandit claims there are “many” forwarders in India who have “sales and back-office staff of shipping lines on their payrolls”.

He explained: “These forwarders get spot bookings and internal information regarding space in advance, before selling the bookings at a premium on the black market to desperate shippers and forwarders.

“Even staff from the top shipping lines are involved in these malpractices, although officially they deny it. Bookings are re-sold anywhere from from and extra $100 to $3,000 per container.”

Carriers have announced a number of general rate increases and peak season surcharges (PSSs) in recent weeks, leading to freight rates doubling since July. For example, CMA CGM will implement a PSS of $1,500 ex-India to North Europe and the Mediterranean from Sunday.

Mr Pandit said rates to Europe

had increased to $5,000 per teu from $3,000-4,000 just last month, while rates to the US had leapt from $4,000 to $8,000 on some routes.

“Even at these rates, bookings are scarce and there is waiting period.

Spot rates are being quoted between $10,000 and $13,000 for sailings on 15 August and onward,” he added.

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Wing 8 Feather 1

Scrapping Accelerates In 2021 With Prices Heading Toward All-Time High Chennai

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Port Wings News Network ith scrap prices closing in on a 13-year high, the rate of ships being sold for demolition has accelerated dramatically during the first half of 2021. According to a new analysis

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t gives me great pleasure to introduce Port Wings – the largest and widely read Maritime Exim Weekly Newspaper published with a global perspective on Export and Import sectors from Chennai, Tamil Nadu and circulated in all maritime centers across the country.

Ever since Coronavirus pandemic stuck the world some 18 months ago, every media house suffered financially, and advertisement revenue dwindled. Few could not survive, a few survived by adapting to technology.

And with your unstinting

support, Port Wings did not stop a single edition and continued with publishing copies on digital platform through e-paper. We bow before everyone who supported Port Wings during these tumultuous months. Though the situation is little improved when compared to 2020, we seek your continued support.

In August this year, Port Wings, a one-of-its kind weekly newspaper that has been widely accepted as a vital source of information for all verticals in Exim trade like Ports, Shipping, Logistics, Govts and Trade bodies, is celebrating its seventh anniversary.

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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

Our website https://portwings.in that carried several hard-hitting news articles on the status of the logistics sector and overall growth of various ports in the country, has recorded more than 60 lakhs hits with an average of about 5,000 views/visits on weekdays.

Besides, our E-paper circulated on social media platforms including WhatsApp receives good response and reaches more than 10,000 subscribers and well-wishers every week. And this patronage itself shows that Port Wings is well received among the EXIM Fraternity in the country.

Now, Port Wings completed six years and entering seventh year of operation in August. We request your continued support.

Editor, Port Wings Maritime Exim Weekly Newspaper, Chennai

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Inside Paradip Port Trust Celebrates... Pg-2 PSA Mumbai Welcomes Maersk’s... Pg-3 JNPT Inaugurates Vocational... Pg-4 On India’s 75th Independence Day... Pg-5 Vessel Position at Terminals and Ports... Pg-6 Latest Customs Exchange Rates... Pg-7 Hapag-Lloyd Achieves Very... Pg-7 Largest Containership Arrives... Pg-8

LAST DATE FOR ADVT BOOKING 25th Aug. 2021

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from the online valuation provider VesselValue, over $1 billion worth of vessels were sold for scrap in the first six months of 2021 with prospects for the rate to continue and possibly increase for the remainder of the year.

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 (18.08.2021)

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Aug. 18th - 24th, 2021 Issue

Scrapping Accelerates In 2021 With...

Continued from page -1

Wednesday, August 18, 2021

Wing 8 Feather 1

Skyrocketing Shipping Rates

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ncreasing shipping container supply is tricky while the factories that manufacture them – and their suppliers– are affected by widespread lockdowns. Shipping companies are anyway reluctant to order more containers, given that that the problem isn’t so much with supply — it’s more that the world’s containers aren’t currently where they are most needed.

There is no COVID-era surge in global cargo demand. There’s a lengthy albeit temporary spike in congestion compounded by a localized, stimulus-and-savingsdriven demand boom in America. The explanation for skyrocketing rates gained more traction when liner giant Maersk released details of its quarterly performance.

Maersk — which pre-reported record Q2 2021 results on Monday — estimated that global container shipping demand was up only 2.7% in the second quarter versus the same period two years ago, prior to the pandemic.

And yet, Maersk’s average freight rate (including both contract and spot business) was $3,038 per forty-foot equivalent unit, up 63% from $1,868 per FEU in Q2 2019. The Drewry World Container Index of spot rates rose to $9,371 per FEU this week, 6.7 times what it was two years ago.

Global demand for the first part of the year is up around 4% compared to 2019.

There was no capacity problem in 2019. At least from a global perspetice there were enough ships, enough containers, ports were fine, and trucks and rail were fine.

The problem right now is predominantly one of capacity. ”Ocean freight capacity is being heavily curtailed by congestion, with equipment tied up both on land and at sea.Maersk sent out a customer advisory on Wednesday titled, “Critical help needed — congestion increasing.”

The advisory pleaded with U.S. customers to return equipment more quickly, stating: “We do not anticipate the congestion decreasing any time soon. On the contrary, the industry overall is forecasting higher [U.S.] volumes into early 2022 and beyond.”Alphaliner reported this week:

Continued from page -1 “Extreme scrap prices, costly new environmental regulations (sulfur cap, BWMS, etc.) and an ever-aging fleet was the perfect blend to see scrapping numbers blown out of the water and some impressive records to be set,” writes VesselValue in its analysis of the market in 2021. They report in total 275 vessels were sold for scrap in 2021 with a total of 11.9 million DWT. This represents a 40 percent increase of 2020 and even a 33 percent increase over 2019 when markets were not impacted by the pandemic.

The ship sales are coming primarily from segments of the tanker, dry bulk, and offshore markets, which have experienced the most significant financial impact from the repercussions of the pandemic on global trade.

Nearly half of all the cargo vessels sold for scrap this year have come from the tanker markets with the total of 131 sold representing a four-fold increase over the past two years. In May, trade industry group BIMCO had reported that the demolition rate for product tankers was on course to break an 11-year old record.

“It would not be a surprise if tanker scrapping continues to grow as earnings continue to remain

“Carriers need much more tonnage as ships get stuck in congested ports in both the U.S. and Asia. Some carriers reported that they needed at least 20-25% more fleet capacity [in the trans-Pacific] to continue carrying the same amount of cargo.”

Maersk confirmed that its own effective fleet capacity was down versus prepandemic due to congestion.Vincent Clerc, executive vice president of Maersk, said on a recent conference call: “Our fleet has grown by 2% from 2019 but our volumes are down by 3%. It basically takes more TEUs [twenty-foot units of fleet capacity] to transport each FFE [forty-foot boxload of cargo]. That will go away when congestion goes away.”“The U.S. is booming enormously,” explained Jensen.

“And while you can certainly shift vessels and containers from one trade to another, you cannot shift ports from one trade to another. It also doesn’t do you any good to have plenty of trucks in another country if the trucks are needed in the U.S.” On the capacity side of the equation, congestion drivers have just kept on coming — “one domino after the other” — from the anchorage situation off California to the Suez Canal blockage to the closure of the port in Yantian, China. The next threat on the horizon is the delta variant outbreak in China. On top of that, you’ve had every conceivable little operational mishap,” So, every tiny operational mishap adds more cargo to the pile of cargo you can’t move. And things are just getting worse.”‘Everything we see now is temporary’.

When congestion does eventually clear, which appears more likely to be a 2022 event, spot rates could pull back quickly from ultra-high levels if more effective capacity is injected amid unexceptional global demand growth.

We need to bear in mind, given the extreme levels that we see on the short-term rates, that the correction towards a more normal level could be quite rapid.

Everything we see now is temporary. It is all triggered by COVID and eventually it is going to go away. After congestion eases and capacity returns to the market, freight rates might come down substantially from where they are today, but they Sample are not going back to anywhere near where they were pre-pandemic. They will TEXT definitely tumble compared to where they are now, but it will still represent a sizable increase compared to where they came from.

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The higher shipping costs have been sparked by a combination of factors, including soaring demand amid stimulus checks, saturated ports, and too few ships, dockworkers and truckers. The problems are too broad to be remedied by any short-term fix and are creating ripple effects across the global supply chains. So, when demand outstrips capacity to the extent we see today, rates will rise.

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

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at extremely low levels,” writes VesselValue.

“However, with containers and bulkers making so much money, and tankers having done so previously, owners are hanging onto their vessels despite the huge temptation from scrapping prices.”

The rebound in the steel markets and skyrocketing steel prices have been a major temptation for owners of unproductive and aging vessels. VesselValue reports that the previous ten-year high of $560 per lightweight ton was quickly surpassed in June and continues to rise. Scrap prices are 86 percent higher compared to a year ago, and “If this growth rate continues then the 2008 all-time high of $754 per LT will be reached by the end of the year.”

Especially hard hit by the combination of the long-term downturn in the oil and gas markets and the impact of 2020, financial pressures have forced the offshore sector to scrap an increasing amount of non-core assets. “The Mobile Offshore Drilling market is experiencing one of the toughest periods since the oil price crash of 2014/2015,” writes VesselValue contributing to the uptick in scrap sales. While starting from a small base, scrapping in the dry bulk

segment is up 60 percent as several owners took advantage of the high scrapping rates selling older tonnage.

The high freight rates however have meant that the container and bulker segments have mostly turned their back on the scrap market, either operating their ships or opting for a lucrative secondhand market.

Containership scrapping numbers are down 78 percent according to the analysis with most of the sales coming from smaller feeder vessels, 25 years or older.

Among the countries operating the breaker yards, Bangladesh took more than half of all the vessels in the first half of 2021 despite strong competition from Pakistan which offered more competitive pricing in April.

“If the steel demand continues to rally the demolition scrap price for shipping, then it is likely that scrapping numbers will increase throughout the year, especially if bulker and container rates begin to soften,” concludes VesselValue.

However, even with the prospects of record-high scrap prices, they believe container owners especially are likely to hold on to their tonnage but that tanker owners who were hoping for a full market recovery might be more tempted by the high scrapping prices.

Paradip Port Trust Celebrates Independence Day 2021 Paradip

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Port Wings News Network ndependence Day was celebrated

by Paradip Port Trust Authority with a great passion following the COVID-19 guidelines. Shri AK Bose, Dy. Chairman, PPT unfurled the National Flag and inspected the parade in which 3 contingents of CISF, participated.

39.60 MMT Cargo Addressing the gathering, he said that during the fiscal, till July 2021, the Port has handled 39.60 MMT Cargo by exhibiting a positive growth of 14.32% in comparison to same period of last fiscal. The Port has handled the highest ever cargo of 114.55 Million Metric Tonnes in the last fiscal and improving its performance year-on-year. In the month of March’ 2021 the Port has also handled highest ever monthly total of 11.64 Million Metric Tonnes, as against the previous record of 11.17 Million Metric Tonnes in January’ 21 in the current fiscal.

Despite the COVID-19 pandemic and just 3 days after Cyclone YAAS, a record 30 shipping movements have been carried out from May 29th to 30th morning.

Each Deptt. has contributed in this glorious journey. Finance Deptt. has gone for meticulous planning of our resources. They are undertaking a regular monitoring of funds, so that money fetches even 0.1% of extra interest. CISF Unit has done a marvellous job by providing a proactive security network, during COVID times for smooth running of Port. More than 21,000 vaccinations have been provided by PPT till date. 1,705 Nos. of COVID Antigen tests conducted at Paradip Port Trust. A total of 267 no. of COVID patients treated at Paradip Port Trust Hospital and 15 nos. patients stayed

at COVID Care Centre. The Janani Surakshya Yojana has been started in PPT Hospital w.e.f 25.05.2016. 15 nos. of beneficiaries have received incentive up to 31.07.2021. World Health Day 2021 was observed at PPT Hospital in which 206 numbers of people screening.

The Port has been discharging its commitment to the society by taking up several CSR activities.

Rs.8.00 Crores has been extended to PMCARES Fund for COVID-19.

PPT is a glowing example of how the Central and State Govt. have put their combined efforts for meeting the Covid challenge. PPT Authority has signed MoU with Odisha Govt. for dedicated Covid Care Hospital, which is functional at Biju Yatri Niwas, Paradip. PPT has sanctioned Rs. 2.00 Cr under CSR. PPT has provided an ICU Ambulance and Oxygen Concentrators for the Mahanga and Salipur Assembly Constituency of Cuttack district.

PPT also plans to provide one Oxygen plant facility and one more Ambulance to Pattamudai in Kendrapara District. A Mega Health Camp was conducted on 28.03.2021 at Balipadia Village of Jajapur District. 100 Patients examined and free Medicine were given to them under CSR Scheme.

A 30 bedded Covid Care Center is functioning at the “Port Club”, for PPT employees. 6,000 Nose masks and a good no. of sanitizers have been freely distributed among employees as well as contract workers of Paradip in this year. As PPT tries to maintain operational efficiency, it is also striving to be efficient in keeping the port spick & span through routine sanitization and by maintaining social distance norms. Dedicated teams regularly carry out disinfection activities inside port prohibited area besides ensuring mandatory use of face masks by all the personnel. PPT has also been undertaking disinfectant fumigation in the Port Township, PPT Administrative Building, Quarantine Centres and PPT Hospital by deploying Mist Cannons. During Cyclone “YAAS”, the Port took active steps to ensure uninterrupted availability of electricity and drinking water.

Cautioning everybody about the COVID-19, he asked everybody to take all possible precautions so that we are able to move beyond this Pandemic in the times to come.

He urged all to overcome vaccine hesitancy and get inoculated.

Thereafter, Shri Bose awarded prizes to school children, who have secured top 3 positions in patriotic poem recitation and debate competitions, which were held as a part of “Azadi Ka Amrit Mahotsav Celebrations”. Employees and Covid warriors of the Medical & CISF Deptt., who have excelled in their respective work area, were also felicitated on the occasion.

Aug. 18th - 24th, 2021 Issue

PSA Mumbai Welcomes Maersk’s Upsized ME2 Mediterranean Service

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Mumbai

Port Wings News Network SA Mumbai on 12 August 2021 welcomed the inaugural call of Maersk Line’s ME2 service with the arrival of the 10,100-TEU “Maersk Gibraltar”. The ME2 marks PSA Mumbai’s eighth weekly call and second Europe service.

The first call at PSA Mumbai also marks an upgrade of the ME2 service with vessel capacity doubling to 10,000-TEU sized vessels

and a revised port rotation: PSA Mumbai – Salalah – Jeddah – Suez Canal – Port Said East – Port Tangier Mediterranee– Algeciras – Valencia – Genoa – Port Said East – Suez Canal – Jeddah – Salalah – Mundra – PSA Mumbai.

Mr. Vikash Agarwal, Managing Director Maersk Line South Asia, commented, “We are glad to take our global relationship with PSA one step forward by commemorating our ME2 service at PSA Mumbai, giving us an edge to

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Port Wings News Network redging Corporation of India celebrated the 75th Independence Day at its Head Office on 15 August.

This is the first time in the history of DCI that the entire programme was live telecasted on our social media site. Professor Dr.G.Y.V Victor, MD & CEO led the employees in the paying homage to the countless patriots who have laid down their lives to win and preserve the freedom of this great Nation. The MD&CEO hoisted the National Flag at the Company premises on this momentous occasion and wished all the employees on the occasion of Azadi Ka Amrit Mahotsav.

While addressing the employees, Prof Victor emphasised that as a nation, even though we suffered great injustices and hardship when we were split into many provinces ruled by kings, nevertheless what distinguishes India, is the character of our nationalist movement driven

by Unity amongst Diversity and principles of truth and non-violence led by Mahatma Gandhi, Father of the Nation.

Speaking on the occasion the CEO urged the employees to stay safe in the face of the Pandemic and take care of family, friends, society and co-workers and always contribute towards maintaining a healthy and safe environment as a responsible citizen. He paid homage to all the front line Covid Warriors for their supreme sacrifices for the cause of fellow countrymen and the mankind as whole . Prof Victor further stated that we as a nation should feel proud of our scientific achievement to develop vaccine in the shortest possible time and our accurate predictions about the

Deendayal Port Trust celebrated 75th Independence Day

meet customer satisfaction. PSA Mumbai’s infrastructure will allow larger vessels to call the terminal leading to enhanced operational efficiency.”

Mr. Sivakumar Kaliannan, Managing Director of PSA Mumbai said, “We are excited to partner with Maersk Line on this upgraded ME2 service. In addition to our market-leading productivity and reliability, PSA Mumbai’s expansive rail facilities and growing range of inland solutions offer

Maersk and its customers additional value and options.”

Mr. Sivakumar Kaliannan stated: “We will also continue playing our part to keep India’s maritime trade moving smoothly; whilst worldwide schedule disruptions have resulted in 61% of vessels arriving at PSA Mumbai off schedule during the first seven months of 2021, we have provided 93% berthing on arrival for these, helping carriers get back on schedule.”

Dredging Corporation of India Celebrates 75th Independence Day in Visakhapatnam Vizag

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characteristics of the infection as its peaks.

The MD & CEO paid his homage to the COVID Martyrs from DCIL , Chief Engineer Shri Veera Reddy and ever ready to serve Shri Narsingh Rao. Speaking about the Company ,Prof Victor said the road ahead is not easy and there is a need for maintaining strict financial discipline to reset its course on the path to progress and stability .He announced that the Company is shortly going to finalize the acquisition of three new dredgers which will boost its operational capabilities by adding 35000 Cum hopper capacity .He was pleased to share with the employees that these new acquisitions will built indigenously under the concept of Atma Nirbhar Bharat. He assured all the employees that the Company ‘s fundamentals are strong and was confident that in the years to come DCIL will play a very important role in the National Maritime Development.

He urged all the employees to give their 100 percent and rise up to the occasion. He extended his warm greetings and paid homage to the armed and police forces and covid warriors for their unshakable dedication to guard our borders to allow us to breathe the air of freedom and rescue many a life for disaster of the covid pandemic. On this occasions various awards were distributed amongst the employees and their children for participating in sports and cultural events. All the officials of DCIL and their families participated in the celebrations.

In light of “AZADI KA AMRIT MAHOTSAV”, DPT, Kandla celebrated 75th Independence Day. Shri S.K.Mehta, IFS, Chairman, hoisted the Tri colour in presence of Trustee DPT Shri Arvind Chaudhary, Capt. Santosh Kumar Darokar & Shri L. Satyanarayan and other Port Officials.

Exports to US is getting costlier owing to clogging at ports and increased container and ocean freights: TPCI New Delhi Port Wings News Network ew records have been hit in container freight spot rates of all carriers, as the Asia-Europe route continues to continuously rise and is currently approaching $9,000 per Twenty Foot Equivalent Unit (TEU), with further rises expected this month. Industry is wary of the situation as unfrequented container and shipping rate surge to a new high due to clogging at the major US ports disrupting the supply chain.

TPCI in its statement said, “The data from ITC Trade Map shows that, exports to US from India has grown by more than 20% compared to the 2019 in the first quarter of 2021 (AprilJune period). A change in trend is being observed with respect to exports, which now is more focused towards the proximate markets, where the container turnaround time is shorter and freight costs are affordable, compared to the long haul distances like Europe and US. If this trend continues, India might see a decline in the exports in coming months as these are major markets of our exports.”

Speaking on the surge Sandip Patel of SLT Food Inc, and a US based TPCI member said, “During pre- covid, cost out of India to North America was on average US$ 1800 per 20 feet container, which is now touched to a high of US$ 6000 per 20 feet container.” Comparing this to previous months, container trading data reveals that during the first trimester of 2021 the average prices for 20 feet containers across Europe rose 57%. A surge in demand along with unexpected high volumes and pandemicrelated restrictions were the main difficulties that lead to this problem, he added.

The US West Coast (USWC) is the worst hit, witnessing the record breaking import volume, labour shortages and massive yard congestion, the USWC is experiencing severe delays and long dwell times. The Los Angeles/ Long Beach: 10 – 18 days vessel wait time, Seattle 4 – 6 days’ vessel and Oakland 18 – 22 days is the vessel wait time.

While the U.S East Coast is witnessing the uptick in demand for imports, a lack of available truckers, and limited yard space, USEC terminals are experiencing heavy congestion and longer than usual dwell times. New York and New Jersey have 3 - 4 days vessel wait time; lines at the gate and congestion inside the terminal, Savannah 2 – 3 days vessel wait time and Norfolk 2 – 3 days is vessel wait time.

Industry is suffering from Container Company’s own average delay, which has gone up by 160% to 3.9 days.

Shrikant Devhitka, Export Sales Director

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at Savion Ceramic (Q-BO) said,’’ The ocean freight cost also kept on increasing after opening of the market from Mudra port in Gujarat to US the which was between US$ 2000 to 2200 six month ago is today US$ 10,000 to US$ 11,000. Our orders are getting diverted to Turkey and Spain as they are closer destinations to the export market.’

YVR Sudhir, General Manager, Sales & Marketing. Frumar Agri Foods (P) LTD. said,” Freight cost from Mumbai Nhava Sheva- to Long Beach was USD 5500 / 40’ container in January 2021, which presently is US$ 11500 and from Mumbai Nhava Sheva to New York was US$ 4000 for a 40’ container in Jan 2021 is now US$ 8500.” The value of food products is low and can vary between USD 10,000 to USD 40000 for a full container depending on the product. For products like South Indian rice the container FOB will be USD 12,500 to USD 14000 and as such the freight cost of the product will be almost 80%., he added.

As on 16 July 2021, China Container Freight Index (CCFI) increased by 2.7% in comparison to previous week. Drewry World Container Index (WCI) equalled US$ 8883 per 40 feet container, increasing by 339% in comparison to previous year.

Industry is worried that if this situation persists there can be a 5% to 8% increase in the cost of goods from India. This will have an impact on exports too due to equipment shortages or shipments will be postponed due to very high ocean rates. Demand for Indian products will slow down due to high cost.

The Shanghai Containerised Freight Index rose 1.8% and the Drewrys World Container Index by 2% during the last week of May, as a decline in transpacific rates to the US west coast mitigated rises elsewhere; standing thus at nearly 300% above where it was during this same period in the past year In the U.S., one of the biggest hurdles is re-structuring terminals to handle the influx of larger import vessels and the continuance of empty container prioritization.

Further Sandip Patel observed, “The problem started when global economies started entering lockdown during the first half of 2020, while China was recovering from it. The entire world bought medical protective equipment from China, but once those containers arrived and were unloaded in US or European ports, and due to the lockdowns that those countries were experiencing, there was not enough merchandise produced that allowed those containers to be filled and shipped out.

Meaning, containers ended up stacking empty in places they were not needed, and they did not make it back to places they were supposed to.”

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Aug. 18th - 24th, 2021 Issue

Principal Scientific Advisor Lauds FIEO’s Initiative To Promote R&D Service Exports From Country New Delhi Port Wings News Network 2-Day Virtual Orientation Workshop on R&D Exports was inaugurated by Prof K Vijay Raghavan, Principal Scientific Advisor, Govt of India, Dr Arabinda Mitra, Scientific Secretary, O/o PSA in the presence of Dr A Sakthivel, President, FIEO, Mr Khalid Khan, Vice President FIEO and Dr Ajay Sahai, Director General & CEO, FIEO and 35 scientists from ICAR Labs from all across the country.

The speakers from NABL, APEDA, EXIM Bank and NASSCOM also addressed the participants. The objective of the workshop is to prepare our labs to get Contract business, R&D projects of other countries and find global partners.

This program is also in line with the Government’s interest to promote export of Research and Development (R & D) services from the country.

Prof K Vijay Raghavan, Principal Scientific Adviser (PSA) to Govt of India stressed on the need to focus on quality of agricultural products as this was still the biggest challenge agricultural exporters face in our country. He conveyed that quality, regulation and market analysis are of vital importance in exports of agriculture, horticulture and fisheries. Referring to the Inter-governmental Panel on Climate Change (IPCC), he said that the report was wake up call for agriculture industry. The IPCC prepares comprehensive Assessment Reports about the state of scientific, technical and socioeconomic knowledge on climate

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change, its impacts and future risks, and options for reducing the rate at which climate change is taking place. He added that increased global temperatures, rising sea levels, etc. are indicators of climate change and there should be added focus to study these in order to save from the danger climate change is posing to agriculture. He emphasized that ICAR should take the lead and in collaboration with universities and other stakeholders, prepare the report on what is needed to be done in order to sustain in each of our Agro climatic zones.

He further added that the increased humidity with high temperatures is very dangerous for agriculture as it would pose difficulty for humans to work in such heated environment.

He mentioned that the global trade in R&D services reached to USD 339 bn in 2020 out of which exports was USD 167 bn. He added that the USA and Germany are consistently major exporters of R&D services accounting for total of 42% in global exports of R&D services.

He further informed that India has got enormous capability in R&D services and India is consistently making efforts to curb the challenge of climate change. He said that there is need to look into agriculture in classical way along with the added focus on becoming IT Agri Nation by analysing the data of climate change, plant growth, exports, etc.

He added that ICAR has to become 21st century digitally driven data analytics as well as Agri research society. Further, awareness has to be made about the opportunities and challenges in agriculture related

R&D services exports from India.

President FIEO reiterated that investment in Research & Development is very important for the economic growth of our country.

Promotion and impact of growth in the R&D services sector leads to growth in employment, innovation, quality enhancement, productivity and exports. India needs to scale up investment in R&D which presently is 0.7% of our GDP which is much below the expenditure made towards R&D by many countries like the US (2.8% of GDP), China (2.1%), Israel (4.3%), Korea (4.2%). Dr Sakthivel appreciated the Government’s decision to double the investment in the R&D sector to around 2% of GDP which is definitely much needed. He said that this will help the R&D services sector to grow and also increase its exports to meet the US$ 6 Bn target set by the Government. He further said that in order to promote the export of R&D services in agriculture sector a concerted effort and marketing needs to be done by the government towards India brand building for the R&D services in agriculture sector.

The Government will also need to incentivize R&D services exports from Agri sector to provide a level playing field to the Indian industry, to help them stay competitive in the international market, to encourage more players to take to R&D services exports. Hand holding of the Farmers Producing Organisations (FPOs), Research institutions and industries those in the R&D services but are not exporting, needs to undertaken towards their internationalization. FIEO will be happy to take the required initiative in this regard.

JNPT Inaugurates Vocational Training Program For Women As A Part Of Its CSR Initiative Mumbai

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Port Wings News Network s part of its corporate social responsibility, Jawaharlal Nehru Port Trust (JNPT), one of India’s premier container handling Ports, commenced a vocational training program for women in collaboration with Jan Shikshan Sansthan (JSS). The vocational training program was inaugurated today by Shri Sanjay Sethi, IAS, Chairman in the presence of Shri Unmesh Sharad Wagh, IRS, Deputy Chairman, JNPT and HODs at Gram Panchayat, Navin Sheva.

JNPT, under its Corporate Social Responsibility (CSR) Fund, had approved a grant of 50 Lakhs to conduct Skill Development Trainings for 1000 Beneficiaries in the Raigad district. The three-monthlong vocational training program will focus on skill development and equipping women with occupational skills that will further facilitate them in entering the mainstream. The courses chosen encompass skills like Beauty Culture and Health Care, Helpers for Nursing Homes, Sanitary Pad making, Vegetable and Fish Drying, Warli Painting, Aggarbatti Packing, etc.

JNPT is a socially conscious organization that recognizes its roles, responsibilities, and duties towards empowering the

marginalized communities in the region. Speaking at the inauguration Shri Sanjay Sethi, IAS, Chairman, JNPT, said, “Through our CSR initiatives, we are committed to

serving our extended family in the region. With this training program, we aim at equipping women with skill-sets that can open up an array of employment opportunities at the village level, further aiding them in income generation. We are certain that this vocational program will not just promote skill development training for women, but also facilitate them in enhancing their personality, further helping them

build their selfconfidence too.”

In the first phase, JSS trained 450 beneficiaries in 18 courses across Raigad District with the assistance of JNPT. In the present stage of the initiative, around 400 beneficiaries would be trained in 16 different courses across Raigad District, with five batches planned for the Uran Taluka.

Jan Shikshan Sansthan is a Voluntary Organization affiliated with the Ministry of Skill Development and Entrepreneurship and has been working in skill development and livelihood generation for more than 15 years.

JSS has imparted more than 40 types of vocational courses and has trained more than 28000 candidates.

JNPT takes up its CSR activities very diligently and allocates funds for various CSR activities to initiate within and outside the port area. Over the last couple of years, JNPT has supported several projects in Water Conservation and Sanitation, Healthcare, Education, road development, promotion of Art and Culture etc. Through various CSR projects, the port ensures that it is engaged with the people of the surroundings and has the desired impact on society.

Over 3,000 Containers Bound For Bangladesh Stuck At Krishnapatnam Port Chennai

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Port Wings News Network ver 3,000 TEUs of importladen containers bound for Bangladesh are stranded at the Indian port of Krishnapatnam as the route’s two sole vessels no longer had permission to berth at the Chattogram port.

The permission expired last March and the feeder vessels’ operator has not applied for a renewal, said officials of Chittagong Port Authority.

SSL Kochi and SSL Kutch were floated on the ChattogramKrishnapatnam route in February last year by the Shreyas Shipping and Logistics, a concern of Transworld Feeders.

It came against the backdrop of prospects created through the launching of a Southeast IndiaEurope Express service by several leading shipping lines on the Krishnapatnam-Chennai-ColomboEurope route.

Officials of Karnaphuli, the Shreyas’ local agent, said they applied to ply the two on the route in October 2019 and got the CPA’s permission in January 2020.

But on March 2, 2020, the CPA in a letter informed the permission was for only two months, a senior official of Karnaphuli told yesterday.

He said in a reply letter they urged extending their permission considering their huge investment.

The CPA officials gave their verbal permission, based on which the vessels had been running for the past 18 months till July this year.

The CPA was yet to give its permission in writing, he said.

Karnaphuli says they ran at least two round trips every month, bringing in 1,000 TEUs and taking

away 800 TEUs on an average.

Though there was a lack of cargo at the beginning, the Indian port later became an alternative for many carriers due to acute congestion at the four popular transhipment ports of Colombo, Singapore, Port Klang and Tanjung Pelepas.

In late June, German shipper Hapag-Lloyd, which is tasked with moving the 3,000 TEUs currently stranded, temporarily suspended booking Bangladesh-bound import containers via Singapore due to an acute backlog at the Singaporean transhipment port.

Colombo and Krishnapatnam are being preferred over the others since June, said Abul Kalam Azad, general manager (operation) of GBX Logistics, Hapag-Llyod’s local agent.

But the CPA stopped giving berthing permission to the two vessels since last month, he said.

SSL Kochi, carrying 793 TEUs of import-laden containers, arrived at the outer anchorage on July 19 and waited for 10 days while SSL Kutch, carrying 987 TEUs of import-laden containers, arrived on July 24 and was denied berthing for six days.

The official said the CPA gave berthing permission after repeated requests on July 29 and August 1 respectively but informed none would be further provided.

The two vessels do not operate regularly due to a lack of cargo, said CPA Director (Traffic) Enamul Karim.

“We asked the operator to follow the procedure for getting the CPA’s approval,” he said.

An official of Karnaphuli said they already sent a letter to the CPA on August 2 seeking permission for regular vessel operations but were yet to get a response.

PSA, RHT To Collaborate On ESG Digital Assets Solutions For Decarbonisation Goals Chennai

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Port Wings News Network SA International Pte Ltd (PSA) has entered into a Memorandum of Understanding with the RHT Group of Companies (RHT) to explore co-creation and investment in Environmental, Social, and Governance (“ESG”) digital assets solutions to further advance the goals of decarbonisation in ports and supply chains.

The MoU underscores PSA’s interest to partner industry and technology players that can drive progress across the ESG factors facing its business, and is aligned with the PSA Group’s strategic priority to transform supply chains while driving sustainable value creation.

Eddy Ng, Head of Group Commercial & Supply Chain Sustainability Solutions, PSA, said, “We believe that the ESG aspect of our business is measured by what we can do to make a positive impact. This MoU supports PSA’s ongoing commitment towards building a more sustainable port and supply chain ecosystem. In this collaboration, we will draw on our collective expertise to further PSA sustainability initiatives for supply chain partners and users.”

Jayaprakash Jagateesan, Chief Executive Officer of RHT AlDigi Financial Holdings and Executive Director of SDAX, said, “We combine our expertise across sustainability, corporate and digital finance, intellectual property, blockchain and digital asset trading to deliver consultancy and tokenisation services as well as a regulated exchange platform to support PSA’s efforts.”

RHT will advise PSA on the workings, considerations and opportunities of digital asset structuring, distribution, tokenisation, trading, investor relations, public relations, intellectual property protection and commercialisation for ESG solutions. In addition, RHT’s team of sustainability consultants will also advise on value creation strategies while digital asset exchange SDAX will advise on the listing of digital assets on its platform.

The collaboration will be augmented by PSA’s corporate venture capital arm, PSA unboXed, which would add capability to initiatives and projects engaging startups.

The MoU partners will jointly ideate and explore collaboration on potential ESG products and solutions that serve PSA’s identified priorities and have a positive impact on global decarbonisation efforts.

Aug. 18th - 24th, 2021 Issue

Port Proactively Working Towards Achieving ‘Aatma Nirbhar Bharat’ Initiatives: V.O.C Port Chairman Ramachandran Tuticorin Port Wings News Network he 75th Independence Day has been celebrated by V.O.Chidambaranar Port Trust in a grand manner at Port’s School ground at 0900 hrs. on 15.08.2021 The celebrations to mark the 75th Independence Day of India commenced with the hoisting of the National Flag by Shri T.K. Ramachandran, IAS., Chairman,V.O. Chidambaranar Port Trust. Thereafter, he took salute from CISF. Shri T.K. Ramachandran, IAS, Chairman, in his address, recalled the sacrifices made by our freedom fighters and expressed India’s commitment to work towards realizing the objectives of ‘Aatma Nirbhar Bharat’, in making India self-reliant and a global hub of manufacturing and services.

He stated that inspite of tough times faced by global maritime trade due to the rippling effect caused by Covid-19 pandemic in the form of shortage of containers, increase in ocean freight and drop in overall merchandise trade, VOC Port has handled 11.33 Million Tonnes and 2.68 TEUs of Containers during this financial year upto July 2021, registering a growth of 7.14 %, when compared to corresponding period of last year.

He also stated that VOC Port is proactively working towards achieving ‘Aatma Nirbhar Bharat’ initiatives of Government of India by promoting Port-led industries by implementing Tuticorin-SPEEDZ, an initiative providing

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2000 acres of land for establishing Port base industries, Ease of Doing Business like Direct Port Entry and Direct Port Delivery of containers, infrastructure development by conversion of Berth No.9 as Container Terminal, Mechanisation of NCB-3 & widening of Port’ Entrance channel and usage of Information Technology by facilitating 100% faceless online EXIM documents, assessment of charges, issue of licenses and payment gateway.

The port has also set up a business development council.

He also stated that considering the increased handling of windmill blades, the Port has proposed to extend all support to this activity including allocation of additional land.

He highlighted the important CSR activities carried out by the port during this period, specially those related to COVID relief measures.

All the Officers and Staff who rendered meritorious service during this ongoing COVID-19 Pandemic were presented with certificates & awards. In view of the COVID-19 pandemic, preventive measures such as maintaining social distancing, wearing of masks and proper sanitization of the venue, as prescribed and recommended by the Ministry of Health & Family Welfare & such guidelines issued by the Ministry of Home Affairs, Government of India were strictly adhered during the entire event.

On India’s 75th Independence Day, JNPT Pays Tribute to Freedom Fighters, Frontline COVID Warriors

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Mumbai

Port Wings News Network awaharlal Nehru Port Trust (JNPT), one of India’s premier container handling Ports, showcased its patriotic colours by observing India’s 75th Independence Day, keeping all preventive measures in mind amended by the government in the wake of the Covid-19 pandemic. Chief Guest Shri Unmesh Sharad Wagh, IRS, Dy. Chairman, JNPT hoisted the national flag followed by the singing of the National Anthem in the presence of HoDs and employees at the Administration Building.

JNPT observed the day following all preventive measures such as maintaining social distancing, wearing of masks, proper sanitisation and avoiding large congregation.

The frontline warriors, who helped the port remain operational and helped the port keep the logistics supply chain active, were at the centre of attention this year during the Independence Day celebrations.

At the Independence Day ceremony Shri Unmesh Sharad Wagh, IRS, Dy. Chairman, JNPT, said, “Today we celebrate the essence of freedom and democracy of this prodigious

nation. JNPT is proud of its contribution to the nation and of upholding democratic values. We pride ourselves on playing a major role in shaping India’s blue economy. On this day, I salute everyone who has contributed to building a vibrant India. I also thank the esteemed stakeholders, EXIM community and valued employees who have worked hard even during the lockdown period to keep the port operational and significantly contributing to the maritime growth of

the Nation.”

JNPT also planned and executed various activities under ‘Azadi Ka Amrit Mahotsav’, an initiative of the Government of India to celebrate and commemorate 75 years of independence of progressive India and the glorious history of its people, culture and achievements. The auspicious occasion was concluded with the Deputy Chairman extending warm Independence Day greetings to all the employees and stakeholders of JNPT.

5

FIEO Partners With Myforexeye To Offer Real Time Forex Savings To Member Companies New Delhi Port Wings News Network n line with the Government of India’s ‘Digital India Initiative’, FIEO (Federation of Indian Export organisations) signed an MoU with tech-based forex solutions company ‘Myforexeye’, to provide innovative digital mobile app-based forex trading solutions to support Micro, Small and Medium Enterprise (MSME) exporters in India. As part of this, FIEO members will have access to expertise and exclusive know-how in the area of Forex Risk Management, Forex Trading, Transaction Process Outsourcing and International Trade Finance. Most of this critical information is limited to financial research firms, banks and large corporates and therefore SMEs have no access to it. It is here that Myforexeye plays a dedicated role in providing SMEs with this exclusive information empowering them to take knowledgeable decisions related to FX transaction thereby saving considerable money.

Understanding the complexities of forex markets and the importance of the subject for an exporter, Dr A Sakthivel, President, FIEO said that the Forex advisory service will help exporters keeping track of forex markets. The FIEO President feels, exporters lose heavily on account of conversions, volatility and ever-changing dynamics of forex markets. The partnership will ultimately help exporters manage their forex operations under professional guidance of experts. Dr A Sakthivel complimented the government for extending the Interest Equalisation Scheme (IES), which has helped exporters reduce financing cost.

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“This initiative will truly support our members in leveraging the benefits of technology, savvy market intelligence, global trends and trainings in the forex domain so as to gain better cost advantage. Our association with Myforexeye is seamlessly aligned with our objective to foster the Digital India campaign initiated by our Hon’ble Prime Minister”, said Dr Ajay Sahai, Director General & CEO, FIEO. Commenting on the occasion, Mr Anand Tandon, Founder & CEO, Myforexeye, said, “In over 2.5 lac export organisations operating pan India, the forex domain know-how is available to only less than 1% of the total population, an astonishing number given the magnitude of annual export from India. We, at Myforexeye are delighted to partner with FIEO at this juncture. I am confident that by way of this association, we will reach out and extend our domain expertise to simplify forex complexities and drive FX transaction savings for all members of FIEO”.

Myforexeye will be curating a newsletter containing forex market intelligence report on a weekly basis. Myforexeye will also initiate trainings on a periodic basis to keep the FIEO members updated on the ever-changing forex market dynamics, its tactics and measures to hedge themselves from market volatility, thereby, consistently safeguarding their monetary interest. FIEO members will get 10% discount and 14 days free trial period.

FIEO members can visit www.fieo.org and click on Myforexeye banner for Forex Pulse weekly e-bulletin or visit www.myforexeye.com

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6

Vessel Position at Terminals - (18.08.2021 To 25.08.2021)

Aug. 18th - 24th, 2021 Issue

7

CCTL - Chennai ETA

ETD

Service

Vessel Name

21/08

22/08

CI5

20/08

21/08

18/08 17/08

Voy

Agent/Line

Calling Ports

ETA

ETD

Service

Vessel Name

Voy

INTERASIA HERITAGE

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

Agent/ Line

17/08

18/08

CI3

TONGVA

W012-E012

WAN

Port Kelang(North port) – Singapore,Shangha

PIC-2

SSL BHARAT

CMB/TUT/COK/JEA/IXY

22/08

23/08

CI3

ATHENS BRIDGE

120

ONE

Port Kelang(North port) – Singapore,Shangha

19/08

ISG

WINNER

JEB/COK/CMB

23/08

24/08

TCXNEW

XIN QIN HUANG DAO

071

CCO

Port Kelang(North port) – Singapore,Shangha

18/08

ECH

SSL GUJARAT

KAT/HAL/CGP/PRT/KAT/KRI 22/08

23/08

MD1

TRF KAYA

1731W-1731E

OAS/BTL

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

18/08

19/08

ADHOC

TCI ARJUN

PBA

18/08

19/08

ADHOC

TCI LAKSHMI

PBA

17/08

18/08

ECH

SSL KOCHI

KAT/HAL/CGP/PRT/KAT/KRI

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin 18/08 19/08

19/08

CTS

MV.KAPITAN MASLOV MV.SMILEY LADY

149S 21061S

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

BTL

COLOMBO, TUTICORIN, COLOMBO

20/08

BOX

20/08

20/08

COLOMBO FEEDER

MV.MAERSK AVON

21D4

OASIS SHIPPING

COLOMBO, TUTICORIN, COLOMBO

21/08

22/08

CTS

MV.KAPITAN MASLOV

1505

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

22/08

23/08

BOX

MV.SMILEY LADY

21062S

OASIS SHIPPING

COLOMBO, TUTICORIN, COLOMBO

23/08

23/08

TUX

MV.OEL SHRAVAN

21151

TWF

COLOMBO, TUTICORIN, COLOMBO

AISSA MARITIME NA

NAVASEVA, TUTICORIN, PENANG, TUT, MYPEN, MYPKG, CNTAO, CNSHA, CNNGB, CNSWG

23/08

CITPL - Chennai

23/08

CI II

MV.INTERASIA MOMENTUM

018E

NSICT - Mumbai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

18/08

19/08

BMM

CERUS

PRD

18/09

19/08

BLUENILE

MERKUR ARCHIPELAGO

MSK

19/08

20/08

MIDAS

EM ASTORIA

CCA

20/08

21/08

CSC

NIKOS P

20/08

21/08

IPAK

20/08

21/08

Calling Ports

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

18/08

19/08

ECS

SSL CHENNAI

187N

HMM

Tuticorin,cochin,Pipava, Kandla,Jebel ali

20/08

21/08

LIQUID

PACIFIC SKY

1

IOC

21/08

22/08

CIX

HYUNDAI BANGKOK

104W

HMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

21/08

22/08

TCX

XIN QIN HUANG DAO

71

CCO

Port Kelang(North port) – Singapore,Shangha

21/08

22/08

ACS

HYUNDAI ULSAN

014W

HMM

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

22/08

23/08

C15

INTERASIA HERITAGE

030W

IAS

23/08

24/08

CIX

HYUNDAI OAKLAND

107

HMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

Kakinada Container Terminal ETA

ETD

Service

Vessel Name

20/08

21/08

HAL>INCOK>IMA

SSL GUJARAT

Voy

Agent/Line

Calling Ports

IMPERIAL

HAL>INCOK>IMAA

Calling Ports

VCTPL, Vizag ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

18/08

19/08

CCG

SM MANALI

5

SMI

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

PRD

18/08

19/08

TCICOS

TCI LAKSHMI

2

TCI

Cochin, Kanda, Mangalore, Cochin

MSC PINA

MSC

22/08

23/08

CVK

MSC JANIS3

SV130R

MSC

AIM

BOMAR RADIANT

ONE

24/08

25/08

MDM

TRF KAYA

1731E

OAS

Colombo

MSK

24/08

25/08

CHX

JEPPESEN MAERSK

133W

MSK

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

25/08

26/08

CCG

MOGRAL

41

SMI

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

Nhava Sheva, Mundra, Port Qasim, Singapore

21/08

22/08

MWE

SEAGO BREMERHAVEN

22/08

23/08

MECL

MAERSK KINLOSS

MSK

Colombo,Damietta Piraes Rotterdam, London

22/08

23/08

IEX

GULF BARAKAH

SBG

Colombo,Damietta Piraes Rotterdam, London

23/08

24/08

AS1

CMC CGM RACINE

CCA

25/08

26/08

BMM

INTER SYEDNEY

EMS

25/08

26/08

BLUENILE

RIO CENTARUS

MSK

APM Terminal - Mumbai ETA

ETD

Service

Vessel Name

19/08

20/08

PS3

19/08

20/08

18/08

Voy

Agent/Line

Calling Ports

ONE TRITON

ONE

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

CWI

IAN H

GLD

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

19/08

CWI

TESSA

ESA

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

19/08

20/08

TIP

MOL GENESIS

ONE

Jebel Ali, Mundra,Hazira,Nhava Sheva

19/08

20/08

CWX

KOTA LUMBA

PIL

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

20/08

21/08

ADHOC1

ALION

ESA

JED,NSA,BQM

24/08

25/08

MINA

BALTIC BRIDGE

CCA

Jebel Ali, Mundra,Hazira,Nhava Sheva

24/08

25/08

NMG

CAPE MORETON

SEC

Jebel Ali, Mundra,Hazira,Nhava Sheva

20/08

21/08

CIX

SPIL KARTIKA

WHI

Jebel Ali, Mundra,Hazira,Nhava Sheva

20/08

21/08

FM3

SPHENE

MAE

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

20/08

21/08

ASX

MONTPELLIER

SEC

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.

UNCTAD, IATA Extend Partnership to Facilitate Global Trade

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Chennai

Port Wings News Network he International Air Transport Association (IATA) and UNCTAD have extended their collaboration to facilitate international trade, particularly e-commerce.

The extended partnership will enrich their history of working together. This includes the successful integration of air cargo messaging standards (Cargo-XML) into UNCTAD’s automated customs management system, ASYCUDAWorld.

For the 100 counties choosing to deploy the latest version of ASYCUDAWorld, this enables more efficient processing of air cargo shipments.

“Through this extended partnership, we look forward to leveraging the leadership of UNCTAD and IATA in their respective fields to boost e-commerce in developing countries through improved exchanges of trade data,” said Shamika N. Sirimanne UNCTAD’s Technology and Logistics Director.

Stepping up collaboration The next stage of the collaboration will focus on enabling ASYCUDAWorld to manage

e-commerce shipments more efficiently. It will include adding a risk assessment for mail shipments and facilitating access to the IATA enhanced partner identification and connectivity (EPIC) platform.

This will enable customs authorities to share advance cargo/mail information requirements across the digitized supply chain (airlines, freight forwarders, ground handlers and third-party messaging service providers).

The collaboration will also include the potential exchange of additional operational electronic information such as air cargo rules, flight schedules and others that can assist customs officials in their risk assessments.

“UNCTAD and IATA are working together to support the economic opportunities of e-commerce by modernizing the data exchange needed for customs clearance,” said Nick Careen, IATA’s Senior Vice President for Operations, Safety and Security.

“Global standards enable accurate information and effective risk-assessments.

This in turn promotes stronger compliance and will contribute to a safe supply chain, which should give the authorities the confidence to modernize processes,” Careen added.

Aug. 18th - 24th, 2021 Issue

Hapag-Lloyd Achieves Very Good Result In First Half Year Of 2021 Chennai

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Port Wings News Network apag-Lloyd published its figures for the first half year of 2021 on 12 August. It concluded with an EBITDA of USD 4.2 billion (EUR 3.5 billion). The EBIT rose to USD 3.5 billion (EUR 2.9 billion), and the Group profit climbed to USD 3.3 billion (EUR 2.7 billion).

“In a market with very strong demand for container transports, we have benefitted from significantly improved freight rates and look back on a very good first half year.

Among other things, we were able to reduce our net debt by USD 1.5 billion, although we paid out a significantly higher dividend compared to the prior year,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.

Revenues increased in the first half year of 2021 by approximately 51 percent, to USD 10.6 billion (EUR 8.8 billion), mainly because of a 46 percent higher average freight rate of 1,612 USD/TEU (H1:2020: 1,104 USD/TEU). The freight rate development was the

result of high demand combined with scarce transport capacities and severe infrastructural bottlenecks.

shortage of available weekly transportation capacity. For this reason, Hapag-Lloyd expects earnings to remain strong File photo in the second half of the financial year. EBITDA for the full year is expected to be in the range of USD 9.2 to 11.2 billion (EUR 7.6 to 9.3 billion) and EBIT to be in the range of USD 7.5 to 9.5 billion (EUR 6.2 to 7.9 billion).

Rolf Habben Jansen: “We are naturally pleased Transport volumes were up to 6,004 by this extraordinary financial TTEU and thereby 4 percent higher result. But the bottlenecks in the than the comparable figure for the supply chains continue to cause previous year, which was impacted enormous strains and inefficiencies by a slump in demand in the second for all market participants and we quarter due to the COVID-19 have to do our utmost to resolve pandemic. In addition, a roughly them jointly as soon as possible.

6 percent lower average bunker Looking at the market environment consumption price, which amounted today, we however do not believe USD 421 per tonne in the first half that the situation will return to year of 2021 (H1 2020: USD 448 normal any time soon – despite all per tonne), had a positive impact on the efforts made and the additional earnings. container box capacity that is being While demand remains high injected. We currently expect the in the current congested market market situation only to ease in the environment, it is leading to a first quarter of 2022 at the earliest.”

HMM Achieves Record Profits, Increased Volumes In First Half Chennai

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Port Wings News Network MM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%, while the company’s revenue almost doubled to US$4.56 billion, compared to 2020 H1.

For the same period, the net profit of the South Korean flagship liner operator was US$310 million.

HMM has also seen an increase in its container handling volumes, which grew by 8.4% to 1.93 million TEU in the first six months of the year compared to the same period of 2020.

The has significantly improved earnings in H1 2021, mainly led by higher freight rates, increased container handling volumes, and efficient fleet operations including twelve 24,000TEU container ships, according to a statement.

The gap between operating income and net profit in the first half of the year primarily results from the incurrence of loss from the valuation of derivatives under the IFRS-16 accounting standard, said HMM. That is a paper loss without an impact on the actual cash flow of the company, according to HMM, which noted, “the majority of loss on the valuation of derivatives will no longer be reflected in its future financial statements as the derivatives transaction was terminated in June 2021.”

The Asian box line believes the highly elevated freight rates will last until the end of the year, at least and expects the global supply chain to remain strained, resulting from terminal congestions in major ports worldwide, the shortage of both vessel space and containers, and increased cargo demand.

Aiming to face the upsurge

in container demand, HMM has deployed a total of 38 extra-loader vessels, consisting of 29 to the AsiaNorth America trade, 3 to the AsiaNorth Europe trade, 5 to the Eastern Russia trade, and 1 to the KoreaVietnam route since August.

HMM said it “will continue to deal with market changes flexibly and will contribute to stabilising the logistics flow worldwide.”

Furthermore, the Seoul-based carrier has announced the acquisition of newly-built containers, consisting of 120,000TEU of dry units and 4,600TEU of refrigerated units to alleviate the current shortage of equipment. All the new boxes will be added to the company’s container fleet within this year.

Of the dry units, around 98,000 TEU have been delivered, while HMM started to take delivery of refrigerated units, according to the announcement.

Seafarers Have Low Vaccinations Rates As Crew Change Delays Persist Chennai

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Port Wings News Network espite tremendous efforts in the rollout of COVID-19 vaccines in large shipping nations in Europe, Asia, and North America, the share of seafarers vaccinated remains too low.

The inability to get seafarers vaccinated is also likely contributing to the persistent crew change crisis according to new data from the monthly update on the Neptune Declaration Crew Change Indicator.

Believing that vaccination rates will be a critical part of addressing the crew change challenges, the organizers of the monthly survey sought to aggregate data from the 10 leading ship managers to determine the rate of vaccinations. The data shows that only 15.3 percent of

seafarers are vaccinated.

“Seafarers are starting to get vaccinated, especially those from developed countries,” said Kasper Sogaard, Head of Institutional Strategy and Development, Global Maritime Forum. “Programs in the US and some European countries are offering vaccines to international seafarers, but many more countries must follow suit to solve the crew change crisis.”

Ship managers identify the Philippines, Myanmar, Indonesia, Venezuela, and Latvia as the areas with the largest challenge in securing the supply of vaccines. The continual high infection rates and subsequent domestic lockdowns are the issues they cited as challenging crew changes and causing disruption to crew movements. They noted that the number of seafarers from Eastern

Europe is especially a challenge due to the low supply of vaccines.

Despite the concern over the low vaccination rate among seafarers, the report did indicate a possibly stabilizing in the number of crew approaching the end of their contracts are working beyond the 11- month limit in the Maritime Labor Convention. After significant increases last month, the report shows that the number of seafarers on board vessels beyond the expiration of their contracts increased only slightly to nine percent in July and just over one percent for seafarers working more than 11 months.

The organizers of the report cautioned that the numbers however remain high and that it is critical to take additional steps, including increasing the availability of vaccinations, in order to protect seafarers and maintain global supply chains.

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NEWS - BITS ClassNK Releases “Handling of the use of Biofuels on Ships”

ClassNK is committed to providing comprehensive services to support the industry’s efforts for the transition to zero-emission of shipping business.

In support on measures for GHG emissions reduction, ClassNK has released “Handling of the use of biofuels on ships”, which outlines the procedures and cautions to be taken when using biofuels for ships.

Biofuels are renewable fuels produced from biological organisms (biomass) in which the primary raw materials used are vegetable oils. Biofuels do not emit SOx during combustion, and they are generally considered “carbon neutral” because source plants at their growing process are likely to absorb CO2 emitted from combustion. In addition, depending on the type of fuel, it can be used as a marine fuel without modifying the specifications of existing diesel engines (drop-in fuel).

The use of biofuels is emerging as an environmentally friendly fuel available at present. To support the safe and proper use of biofuels on board, ClassNK has published “Handling the use of biofuels on ships” on its website. Considering the actual use of biofuels, it outlines the characteristics of biofuels, the procedures required for their trial and permanent use, and the cautions and measures to be taken in their handling.

Maritime NZ files charges for Auckland port worker death

Maritime New Zealand files HSWA charges against Ports of Auckland.

Maritime New Zealand says it has filed charges against Ports of Auckland Ltd (POAL) and an individual in relation to the death of a port worker almost a year ago, said Mr Pala’amo (Amo) Kalati was killed on 30 August 2020 after being crushed when a container was dropped during a lifting operation.

The following charges have been filed in the Auckland District Court - a court date has not yet been set: POAL has been charged under sections 47, 48 and 90 of the Health and Safety at Work Act 2015.

An individual has been charged under sections 48 and 49 of the Health and Safety at Work Act 2015. Maritime NZ has issued this media release as this case is of high public interest and to also provide consistent information to media and others who have regularly asked about the outcome of its investigation into the death of Mr Kalati at POAL. It is the only public statement Maritime NZ plans to make while the matter is before the Court.

HII announces new director of state and local government affairs at Ingalls Shipbuilding

Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division announced on August 12 that Jack Norris has been named director of state and local government affairs.

Norris will lead all state and local government relations efforts in support of Ingalls’ strategic goals and will collaborate with community and economic development partners.

“Jack has a strong government relations background that includes 20 years of experience managing public policy and supporting economic recovery and growth,” Ingalls Shipbuilding President Kari Wilkinson said. “Our relationships with community partners and governmental leaders enable Ingalls to provide long-term stability to the shipyard and the communities it serves. We are pleased to have Jack in this important role.”

Prior to joining Ingalls, Norris led program management activities for Covington Civil and Environmental in support of the state of Mississippi’s RESTORE Act coastal restoration program. His previous roles include president of the Gulf Coast Business Council, executive director of Governor Haley Barbour’s Office of Hurricane Katrina Recovery and Renewal, and projects director and legislative assistant for U.S. Sen. Trent Lott. Norris holds a bachelor’s degree from The University of Mississippi. Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services.

Headquartered in Newport News, Virginia, HII employs approximately 41,000 people operating both domestically and internationally.

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 (18.08.2021)

Aug. 18th - 24th, 2021 Issue

Pandemic Affected Cargo Handling Chennai Port Handled 15.45 MMT From April to July 2021: Chairman Raveendran Performance of Kamarajar Port: CMD Paliwal

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Chennai

Port Wings News Network ndependence Day was celebrated in Chennai Port Trust on 15.08.2021. Shri P. Raveendran, IRTS, Chairman hoisted the National Flag, Inspected Guard of Honour and addressed the gathering.

During his address, briefed on the future plans of the Port, achievements, actions taken to curb Corona and vaccination to Sea farers and other Officers and Employees Shri S.Balaji Arunkumar, IRTS,, Deputy Chairman, Shri S. Murali Krishnan, IDAS, Chief Vigilance Officer, Trustees, Trade Union leaders, Port Users, HoDs, Officers and Staff of Chennai Port Trust participated in the celebration observing the Covid protocol.

Independence Day was also celebrated in Chennai Port Housing Colony at Tondiarpet.

Addressing the gathering, Shri P. Raveendran said: “Chennai Port has handled

43.55 MMT of cargo during the year 2020-21 amidst the Covid-19 pandemic affecting the sea trade globally. During the current year, from April to July 2021, Chennai Port has handled 15.45 MMT as against 11.09 MMT handled during the corresponding period of last year, which is an increase of 39.4%. Chennai

Port ranks 7th position in cargo traffic among the Major Ports. In container traffic Chennai Port has handled 13,86,926 TEUs during 2020-21 as against 13,83,971 TEUs in 201920.”

Shri P. Raveendran stated: “In the current year up to July 2021, Port has handled 5,27,496 TEUs as against 3,23,484 TEUs during the period April to July 2020 and 5,06,145 TEUs handled during April to July 2019.

This is a growth of 63.1% and 4.2% respectively.”

“The port has earned operating income of Rs.794.33 Crores during the year 2020-21 as against Rs.787.55 Crores earned during the year 2019-20. The operating income for the year 202021 has increased by Rs.6.78 Crores over the last year. The port has incurred operating expenditure of Rs.557.33 Crores during the year 2020-21 as against Rs.578.22 Crores during the year 2019-20. The operating surplus of the port for the year 2020-21 was Rs.236.99 Crores against Rs.209.33 Crores during 2019-20 with an increase of Rs.27.66 Crores,” said Shri P. Raveendran.

“During the lockdown restrictions, the port has concentrated on moving cargo efficiently through rail. The total volume of cargo handled through rail during April 2020 - March 2021 is 5.13 MMT when compared to 3.93 MMT handled during April 2019 - March 2020. 86,924 TEUs have been handled through rail during April 2020 to March 2021 when compared to 82,998 TEUs handled during April 2019 to March 2020,” further added Shri P. Raveendran.

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Chennai

Port Wings News Network he 75th Independence Day was celebrated at Kamarajar Port on 15th August 2021. Shri Sunil Paliwal, IAS., Chairman cum Managing Director, KPL hoisted the National flag at Port Administrative premises.

Due to covid 19 situation, the function was held with proper safety and social distancing protocols. CMD in his address emphasized the importance of the monumental occasion of 75 years of India’s Independence in the form of ‘Azadi Ka Amrit Mahotsav’ and briefed the activities undertaken by KPL viz., Health checkup camp / Eye camp in nearby village, competitions for the employees and their family members and supply of furniture items, electrical appliances and computer with accessories to Government Student Hostel.

He informed that KPL would be undertaking many more such activities in coming months.

Further, CMD, KPL highlighted the important milestones achieved by the Port. He also distributed cash award to the children of KPL employees/CISF Personnel and Self Help Group Women deployed at Kamarajar Port for their performance during the academic year 2020-21.

Shri Sunil Paliwal said: “Considering the increasing road traffic movement of import / export of cargoes, Port is executing the Southern port access road (Road widening from 2 lane to 4 lane) from Vallur to Port Main Gate at a cost of Rs.195 Cr through TNRDC. Works are in progress and expected completion

by June 2022. Considering the increasing rail traffic of Kamarajar Port apart from existing

rail connectivity, Port is implementing the Doubling of Southern Rail connectivity from Holding Yard-1 to Container Terminal Rail Yard inside KPL at a cost of Rs.70 Cr through IPRCL. Works are in progress and expected completion by May 2022.”

Shri Sunil Paliwal stated: “KPL has invited tender for Construction of Automobile Export and Import Terminal-2 o n 02.06.2021.

Estimated Project cost is Rs.188.13 Crores.

5 bids received on 16.7.2021 a n d evaluation in progress.

Expected award by September 2 0 2 1 .

IOCL is developing a Captive Oil Jetty at KPL at an investment of Rs.921 Cr with a capacity of 3 MTPA for handling POL, LPG and Lube Oil Base stock (LOBS).

Tenders for EPC were invited by IOCL during March 2021 and bids evaluation in progress. Expected award by September 2021.”

“Pandemic affected the cargo handling performance of KPL in a visible manner. During 2020-21, KPL handled 25.89 Million Tonnes of cargo throughput which was 18.46% decline over previous year. However, Port has achieved a robust growth of 82% in the current year till July 2021 as compared to the same period last year. During the FY 202021, KPL earned a total income of Rs.587.42 Cr (audited) and PAT of Rs.152.71 Cr. For the FY 22 (Till July), the income earned is Rs.265 Cr (provisional and unaudited),” Shri Sunil Paliwal added.

Largest Containership Arrives In Taiwan On Maiden Voyage

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Chennai

Port Wings News Network vergreen Marine’s newest container ship, the Ever Ace, arrived in Taiwan becoming the largest boxship to dock in the port and by some measures also the largest containership in the world. The vessel, which is on its maiden voyage, is part of an expansion program that will significantly increase the Taiwanese carriers’ capacity.

Ordered in 2019 and delivered on July 29 to Evergreen by Samsung Heavy Industries, the Ever Ace is reported with a total container capacity of 23,992 TEU, which would make it just slightly larger in capacity than HMM’s ultra-large containerships which are rated at 23,964 TEU. In April 2021, CMA CGM, however, claimed the world’s record for the largest actual load with 21,433 TEU aboard the CMA CGM Jacques Saade when it departed Singapore.

The new Ever Ace is 1,312 feet in length with a beam of just over 200 feet. In dimensions, she is similar to the other 24,000 TEU ULCC vessels built recently. Samsung also reported that the vessel has a top speed of 22.6 knots and is designed to operate very efficiently with several new features including a flared bow design.

The Ever Ace was delivered to Evergreen

on July 29 and departed the Qingdao Port at Shanghai loaded with 6,200 TEU as it

China. The six being built in China reportedly will have a slightly smaller capacity of 23,888

began its maiden voyage. The new vessel was given a festive arrival on August 8 as she reached the port of Taipei. where Evergreen is headquartered. The vessel will continue to Yantian, China before heading to Europe on its first voyage.

The new containership is the beginning of a new class of 12 ULCC ships on order for Evergreen, with a total of four expected to be delivered this year. Six are being built by Samsung with the others being built at Hudong Zhonghua and Jiangnan Shipbuilding in

TEU. Evergreen added two of the orders this spring to the class and is rumored to be considered three additional vessels.

The new class of boxships is approximately 20 percent larger than

Evergreen’s largest vessels, including the Ever Given. The line noted during the delivery ceremony that the new vessels will be used to upgrade its operations on the European route which had previously been using 14,000 TEU vessels.

These vessels are part of the carrier’s growth plan that calls for the addition of 70 new vessels with a combined total capacity of 688,000 TEU. Alphaliner currently ranks Evergreen seventh largest with a total capacity of 1,385,477 TEU. In the first half of the year, Evergreen took delivery on 14 new vessels adding 98,000 TEU in capacity and it is expected to take delivery on 19 more ships in the second half of 2021.

Further, the company is also reassigning vessels from other subsidiaries to Evergreen Line in order to meet current market demands.

Benefitting from the strong market conditions, and just beginning to reflect the capacity growth, Evergreen reported that revenues doubled in the first half of the year to nearly $7 billion while profits topped $3.2 billion.

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