Port Wings Maritime Exim Weekly Diwali 2021 Special

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Nov. 3rd - 9th, 2021 Issue

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Special Special Edition Edition Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741 Wednesday, November 3, 2021

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Nov. 3rd - 9th, 2021 Issue

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Gautam Adani Meets Sri Lankan President Rajapaksa, Eyes More Investments Chennai Port Wings News Network dani Group Chairman Gautam Adani called on Sri Lankan President Gotabaya Rajapaksa in Colombo earlier this week, days after his company inked a deal with the state-owned Sri Lanka Ports Authority (SLPA) to develop and run the strategic Colombo Port’s Western Container Terminal (WCT), a news report in Business Standard said. “President Rajapaksa has recorded in his diary that he met with ‘an Indian friend’,” said Kingsley Ratnayaka, media advisor to the President.

Revealing about the meeting, Adani tweeted: “Privileged to meet President @GotabayaR and PM @PresRajapaksa. In addition to developing Colombo Port’s Western Container Terminal, the Adani Group will explore other infrastructure partnerships. India’s strong bonds with Sri Lanka are anchored to centuries’ old historic ties.”

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Local media quoted senior Sri Lankan officials as saying that not just ports, the group had evinced an interest in investing in the island’s energy and wind sector. “The

Adani group yesterday (Monday) explored the possibility of investing in Sri Lanka’s wind and renewable energy sector,” Nalinda Ilangakoon, the vice- chairman of CEB, said speaking to reporters in Colombo.

Ilangakoon said Gautam Adani

and a 10-member delegation of senior officials travelled on a Sri Lanka Air Force helicopter to the northeastern district of Mannar on Monday to inspect the wind power farm there. Local media showed video grabs of the team boarding the helicopter.

The visit — and possible further investment — marks the formal beginning of a reset in India-Sri Lanka relations.

The $700-million buildoperate-transfer (BOT) West Container Terminal (WCT) at the Colombo Port that the Adanis have got will likely be the largest foreign investment ever in Sri Lanka’s port sector.

“In Sri Lanka, we see this as India’s move to contain China in this region,” said influential political analyst Jehan Perera from Colombo.

The trilateral joint venture ropes in Sri Lanka’s biggest private sector

infrastructure company, John F Keells (JFK), and the state-owned Sri Lanka Ports Authority (SLPA).

JKF has a share of 34 per cent and SLPA 15 per cent, with the Adani group holding the rest.

A former Chief of Naval Staff, Sri Lanka, told Business Standard: “The WCT is a win-win for both India and Sri Lanka. It is right next to the China-developed China International Container Terminal (CICT) and it will be a precious vantage point for India inside a facility developed by China. It can take even the biggest container carrier in the world,” The WCT is the biggest of the three terminals in the Colombo Port.

Former Sri Lanka Chief of Defence Staff, Adm Ravindra C Wijegunaratne said Colombo Port’s Eastern Terminal was to have been developed jointly by India, Japan, and Sri Lanka’s state-owned Sri Lanka Port Authority. But because of the pressure from trade unions, Contd. on page -2

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Nov. 3rd - 9th, 2021 Issue

Gautam Adani Meets Sri Lankan...

Wednesday, November 3, 2021

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FuelEU Can Do More

n shipping’s journey towards decarbonisation, the FuelEU Maritime Regulation which is a part of the EU Green Deal, intended to promote demand for lower greenhouse gas fuels can play a major role.

In a position paper published, the World Shipping Council (WSC), representing 90% of international liner shipping, welcomes the FuelEU proposal as an opportunity to drive progress towards EU targets and contribute to the decarbonisation of international shipping.

However, the proposal’s actual impact will hinge on optimizing the geographical scope of FuelEU and making sure fuel availability keeps pace with fuel use requirements.

WSC strongly supports the EC’s proposed ‘well-to-wake’ lifecycle approach for greenhouse gas intensity, as a comprehensive, globally accepted scientific approach.

It is, however, crucial that the fuel use obligations outlined in the proposal are matched by measures to ensure the supply of suitable fuels and infrastructure through RED and AFIR. The legal requirement to use certain fuels should be contingent on their availability.

“When working towards a shared objective to minimize total greenhouse gas emissions and reduce the climate impact of shipping, a full lifecycle perspective is the only logical approach. That is also why FuelEU alignment with RED and AFIR is so important in ensuring the provision of genuinely clean fuels.

Even if all the vessels in the world were able to run on alternative fuels – and the sector is working hard to make that happen – it will make no difference for our climate if that fuel is not available from clean sources,” says John Butler, President & CEO of World Shipping Council.

The importance of AFIR and RED to the success of FuelEU also has a bearing on its geographic scope. These measures to ensure the supply of clean fuels apply within the EU, and the same geographic scope should apply for the fuel use obligation.

As highlighted in the EU Impact Assessment, an extra-territorial scope for FuelEU presents real risks of overlapping regional and global policy. With that comes a substantial risk of the EU failing to influence international shipping as intended.

A consistent intra-EU scope for FuelEU would avoid the pitfalls of overlapping policies and generate the desired climate impact for the Union whilst supporting international progress through the IMO with the EU in a leadership position.

The FuelEU Maritime proposal’s definition of the responsible entity recognises well that ship owners and ship operators share responsibility for the implementation of shipping decarbonisation measures.

Truly effective actions require synergies between vessel technology, design and operation, and the proposed “company” definition gives all parties an incentive to work for GHG intensity reduction.

It is also consistent with the international nature of fleet operation, ownership, and control, supporting EU priorities for IMO agreements and measures to reduce GHGs in shipping.

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Sample

WSC also TEXT sees the value of FuelEU’s proposed pooling of compliance amongst ships, an innovative and practical way to encourage companies to invest in ever more efficient vessels due to the fleet wide effect.

The EU has a unique opportunity to strengthen, motivate and complement global policy for reducing greenhouse gas emissions in international shipping.

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SUBSCRIPTION

Continued from page -1 the project had to be scrapped.

Both Japan and India were furious and it took intensive diplomatic work, including a Colombo visit at the height of the Covid-19 pandemic

by Foreign Minister S Jaishankar, to get India the Western Container Terminal in lieu of the scrapped project. However, as the government in Sri Lanka had changed, new Prime Minister Mahinda Rajapaksa felt it was better not to drag governments into it and the Adani group was invited to invest.

“As 60 per cent of India’s container traffic transits through Colombo, it will be a very useful place for India to have a footprint,” said Wijegunaratne. “The work involved is not much: the harbour is deep and all that needs to be done is to build a jetty and the harbour where the containers have to be kept.” He added: “This is a very important milestone for India in the trans-shipment sphere.”

The Sri Lankan government is aware that the Adani group is working in Vizhinjam, which is a deep harbour and eventually could even be a threat to Colombo harbour.

“But there are problems because of political opposition faced by the

Adani group from the Left Front in Kerala. So the Vizhinam project is delayed. There are no such problems in Sri Lanka,” said Wijegunaratne.

However, this is only a part of

the reality. “The government wants to play down the Adani investment because the very forces that prevented India from getting the Eastern Container Terminal are still around,” said Perera. Many of the trade unions in Colombo Port are ‘supported’ by China.

Once it is developed, the WCT facility will cut the cost of goods transported via container carriers from India to Europe or the US by 15 per cent, Wijegunaratne said.

He added that as Chinese companies, backed by their government, had been controlling

facilities in Colombo harbour, India’s reach was curtailed. This will no longer be the case, once the WCT is ready.

With the Adani investment, Sri Lanka’s cash-strapped economy will also get a reprieve.

Because of past debts — mainly repayment of sovereign bonds — and the catastrophic impact of Covid-19 on the main revenue earners for the island — tourism and foreign remittances — Sri Lanka’s economy is against the ropes. Though the country has resolutely ruled out an IMF loan, doubts persist about the nation’s ability to service debt amounting to $1.5 billion that matures next year.

Sri Lanka’s risk premium for a default is the highest in Asia.

The country’s forex reserves are around $3 billion, up marginally from $2.8 billion in July because of $787 million from the International Monetary Fund’s special drawing rights allocation. But even then, barely enough to cover six weeks of imports. Inflation is hovering near 6 per cent and food prices are up more than 11 per cent over the same period last year.

Key Member Deboards Foresight-Led Consortium Eyeing SCI Chennai

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Port Wings News Network Foresight-led consortium that is among governmentapproved bidders shortlisted to bid for Shipping Corporation NSE -3.54 % of India (SCI) has cracked as a key member of the consortium, Belgium-based Exmar NV, has pulled out, report ET. “It is correct that we have put our part of the consortium for the possible purchase of SCI on hold,” Jens Ismar, director at Exmar NV, said in an emailed response to ET’s queries. “We feel this project could be an interesting business proposition with an interesting potential especially on the gas side. We have, though due to other priorities, decided to leave this for the time being.”

London-based Foresight Group had put together a three-member consortium in March to bid for Shipping Corporation of India. The third member is Dubai-based GMS DMCC. Foresight Group’s founder, NRI businessman Ravi Mehrotra, has stated that if his company wins the bid for SCI, it will transform the company into a gas transporter.

However, industry sources said that Foresight’s bid was relying heavily on Exmar’s gas transportation expertise that it would bring to the consortium. Mehrotra also owns the Pavers England footwear brand in India of the marine transport company.

SCI’s shares have risen nearly 40% since August 23 on anticipation of its disinvestment. Its shares gained 0.38% to close at Rs 132.85 apiece on the BSE Thursday, giving the company a market capitalization of Rs 6,188.14 crore.

Shri Sunil Paliwal, IAS., Chairman cum Managing Director, Kamarajar Port Limited, honouring Shri V. Krishnasamy, General Manager (Operations), who superannuated on Saturday, 30th October 2021.

CUSTOMS EXCHANGE RATES Notification No.88/2021 (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 30th Oct. 2021

RATE (INR) Import Export 57.65 205.15 62.00 11.90 11.95 89.00 9.80 256.80 55.35 9.20 105.35 21.15 20.60 56.75 5.10 8.90 83.20 8.35 21.05 75.80 66.85 6.60

55.25 192.60 59.80 11.55 11.55 85.80 9.45 240.50 52.95 8.85 101.80 19.85 19.35 54.85 4.80 8.60 79.95 7.85 19.75 74.05 64.45 6.20

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

Nov. 3rd - 9th, 2021 Issue

Panama Canal Reports Solid Growth In Tonnage Chennai

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Port Wings News Network he Panama Canal Authority is reporting a strong year with solid increases in tonnage crossing the Panama Canal in FY 2021 that just concluded. Reflecting the trend of shipping companies seeking to use large vessels to carry greater loads, the number of transits, however, remained flat with the prior year.

For the full year, the Panama Canal is reporting a record-breaking annual tonnage of 516.7 million Panama Canal tons (PC/UMS). That

represents an 8.7% increase over 2020 and a 10 percent increase over 2019.

Several steps were taken to accommodate the shipping industry’s move toward larger vessels and help the Canal to achieve an increase in Neopanamax transits.

To help facilitate this transition, the Panama Canal increased the maximum allowable length for vessels transiting the Neopanamax Locks, a move the authority said was made possible by

the waterway’s experience operating the expanded canal.

The waterway also began offering a 50-foot draft, the highest level allowed at the Neopanamax Locks.

Despite these and other efforts designed to draw traffic to the Canal, the authority is reporting that total transits were essentially flat over 2020.

A total of 13,342 vessels used the Canal in 2021 with LNG and LPG carriers leading the way with growth both in the number of transits and total tonnage.

They also recorded a strong decline of nearly seven percent in chemical carriers, and cruise ships were largely absent from the Canal due to the global pause in passenger operations for most of the fiscal year.

The record cold winter temperature and the strong growth of the U.S. gas industry along the Gulf of Mexico and U.S. East Coast helped drive a better 30 percent increase in the LNG tonnage using

the Canal as well as a 28 percent increase in the number of transits.

Similarly, the tonnage of LPG carriers increased by more than 18 percent while the number of transits was up nearly 17 percent during the year.

The surge in containership activity reported across the globe, however, did not result in an increase in transits at the Panama Canal.

They are reporting that the number of transits by containerships only rouse two percent, although the tonnage for the category was up nearly 11 percent for the year.

Other categories saw smaller gains. Vehicle carriers and Ro-Ros were up just over 15 percent while dry bulk was up just over 10 percent.

While the Panama Canal Authority reports it was proud of its resilience in the face of the challenges in the past year and the strong performance of its workforce, they are also looking at steps to support the growth of traffic and continued recovery from the pandemic.

Among the efforts under consideration and expected to be approved in the coming weeks are proposed modifications to tolls specifically, including efforts aimed at the cruise ships.

The results came as the Panama Canal marketed its 107th anniversary in August 2021. This year also marked five years since the larger, Neopanamax locks were opened.

Union Ministers Visit Paradip Port To Take Stock of Coal Situation Paradip

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Port Wings News Network hri Pralhad Joshi, Union Cabinet Minister of Coal, Mines and Parliamentary affairs and Shri Raosaheb Patil Danve, MoS for Rail, Coal and

Mines made a visit to Paradip Port Trust, on 28 October.

Shri P.L. H a r a n a d h , Chairman, Paradip Port Trust along with other HODs of PPT received them at the Sandhakuda Helipad and they were taken round in a Harbour visit to get first-hand experience of coal loading and unloading systems in the designated berths. Chairman, PPT informed Hon’ble Minister that Paradip, at present, handles around

25 million Metric tonnes of coal

by Coastal Shipping and it has 60 million tonnes capacity to coastal ship thermal coal.

Shri Haranadh gave them a vivid account of various activities undertaken for augmentation of Port Capacity. One of them is EQ Terminal, which comprises of three berths for coal export, having a combined capacity of 30 MMT. This will be operational by the end of Nov’ 2021. They were also shown the operations of the current Mechanised Coal Handling Plant berths and unloading system of railway wagons i.e Rail Receival System, which has a state-of-the-art dry fog system.

Hon’ble Ministers congratulated the PPT Chairman and his team for the excellent growth in performance.

They expressed satisfaction over the Coal handling facility available at Paradip Port.

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Call For Decarbonization Of Global Shipping By 2050 Chennai

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Port Wings News Network he Call to Action for Shipping Decarbonization has been developed by a multistakeholder taskforce convened by the Getting to Zero Coalition – a partnership between the Global Maritime Forum, the World Economic Forum and Friends of Ocean Action.

The Call to Action is backed by more than 200 industry leaders and organizations representing the entire maritime value chain and sends the clear message that a full decarbonization of international shipping is both urgent and achievable.

It calls upon governments to work together with the shipping industry to deliver the policies and investments needed to reach critical tipping points in decarbonizing global supply chains and the global economy.

“With the Call to Action, leaders from across the maritime value chain send a strong signal to governments meeting in Glasgow next week that it’s time to raise ambitions and commit to fully decarbonize international shipping by 2050.

If governments want to be climate heroes at COP26, they must also be climate heroes at the International Maritime Organization, where urgent action is needed to put international shipping on a just and

equitable Paris-aligned pathway”, says Johannah Christensen, Chief Executive Officer, Global Maritime Forum.

The Call to Action demonstrates that there is broad industry support for the decarbonization of shipping and shows the many actions and commitments that are already being made by companies, while specifying what is needed from Governments to fully decarbonize the sector by 2050.

Specifically, signatories call on government to: * Commit to decarbonizing international shipping by 2050 * Support industrial scale zero emission shipping projects through national action * Deliver policy measures that will make zero emission shipping the default choice by 2030 * The 26th UN Climate Change Conference of the Parties (COP26) in Glasgow taking place from 31 October to 12 November 2021 is hosted by the UK in partnership with Italy and will bring parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change.

“COP26 is a unique opportunity to accelerate global efforts to address climate change. All industries must be part of the journey towards reaching net-zero emissions and keeping the Paris temperature goals within reach.

As COP President, I welcome the Call to Action for Shipping Decarbonization and its clear message that leaders from across the maritime industry are ready to work with governments to fully decarbonize international shipping by 2050,” says Alok Sharma, COP26 President.

About the Call to Action for Shipping Decarbonization More than 200 industry leaders and organizations from across the maritime value chain are signatories to the Call to Action for Shipping Decarbonization including shipping, cargo, energy, finance, ports, and infrastructure. Signatories are among some of the world’s largest actors in global trade: Anglo American, A.P. Moller- Maersk, BHP, Bolloré Logistics, BP, BW LPG, Cargill Ocean Transportation, Carnival Corporation, Citi, Daewoo Shipbuilding & Marine Engineering, ENGIE, Euronav, Fortescue Metals Group, GasLog, Hapag-Lloyd, Iberdrola, Lloyd’s Register, Mitsui O.S.K. Lines, MSC Mediterranean Shipping Company, Ocean Network Express, Olympic Shipping and Management, Ørsted, Panama Canal Authority, Port of Rotterdam, PSA International, Rio Tinto, Shell, Swire Shipping, Trafigura, Ultranav, Unilever, V.Group, Volvo, and Yara.

The Call to Action for Shipping Decarbonization was initially launched on the 22 September 2021 in conjunction with the UN General Assembly.

DP WORLD Reports Strong Volume Growth of 11.9 percent For 9M2021 Chennai

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Port Wings News Network P World Limited handled 58.4 million TEU (twentyfoot equivalent units) across its global portfolio of container terminals in 9M2021, with gross container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis. On a 3Q2021 basis, DP World handled 19.8 million TEU, up 8.1% year-on-year and up 7.9% on a likefor-like basis.

3Q2021 gross volume growth was mainly driven by Asia Pacific, India, Middle East & Africa and Australia with a strong performance from Qingdao (China), Mumbai (India) and Sokhna (Egypt). Jebel Ali (UAE) handled 3.4 million TEU in 3Q2021, up 0.6% year-on-year.

At a consolidated level, our terminals handled 11.4 million TEU during 3Q2021, increasing 7.6% on a reported basis and 7.2% year-onyear on a like-for-like basis.

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented: “We are delighted to report another strong quarter for DP World with throughput growth of 8.1%, which is once again ahead of industry growth of 6.4%. This strong performance illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market.

Encouragingly, all our regions continue to deliver volume growth with India being a key driver, and we continue to make solid progress on our strategy to deliver supply

chain solutions to beneficial cargo owners.

The near-term outlook remains positive, but we do expect growth rates to moderate in the final quarter.

Furthermore, we remain mindful that the Covid-19 pandemic, continued supply chain disruptions, and geopolitical uncertainty could continue to hinder global economic recovery.

Overall, we are pleased with the year-to-date performance and remain focused on growing profitability while managing growth capex. The strong nine-month volumes leave us well placed to deliver an improved set of full year results and we remain focused on delivering our 2022 targets.”

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Nov. 3rd - 9th, 2021 Issue

Nov. 3rd - 9th, 2021 Issue

Women in Maritime: Expect Equality and Fear Nothing

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Chennai

Port Wings News Network omen aiming for successful careers in maritime should be more courageous, not worry about failure and expect to be seen as equals, a senior shipping executive has said.

Claudia Paschkewitz, Managing Director of ship manager Hanse Bereederung, believes women are treated much better now than when she joined the sector in 1989 – but feels more work is needed to increase gender diversity.

“Things have improved, although we’re still not where I think we should be as we need more diversity in the industry,” Ms Paschkewitz said during a session at the Women in Shipping Summit.

The panellists were asked what when starting out in shipping they wished they knew about career planning, training and transition.

“I started as an apprentice in shipping and was thrown into a man’s world. There were no women in senior positions at my first company, which I didn’t notice because it was normal at that time. But I ask myself now, ‘Should I have questioned the balance?’”

Ms Paschkewitz wishes she had been more vocal earlier in her career. “Don’t be afraid to ask for things – speak up,” she said. “I wasn’t invited out to lunch or to go to industry events with male colleagues; I stayed in the office and answered the phones. I should have asked to be included.”

Like Ms Paschkewitz, Columbia Shipmanagement (CSM)’s Mark O’Neil has seen shipping become more diverse since he joined the industry in the mid-1990s. After a five-year stint as a British Army officer, Mr O’Neil became a maritime lawyer, and later partner, for international law firms in a legal career spanning 25 years. He then joined CSM

where he is now President and CEO. “Diversity in all its forms is such an important issue,” he said during the Women in Shipping Summit. “We have to be blind to difference – I don’t see a woman or man in front of me, I see a person and that’s the most important thing.”

When heading up a law firm’s maritime department, Mr O’Neil promoted two women in his team to partner. “Boy, did that make a difference to our partnership meetings, which were much more balanced and reasonable,”

he said. “Before then, we had 18 partners in the shipping team and not one single woman among them.”

Today, there are more opportunities for women to secure senior positions in shipping, according to Mr O’Neil. He cites Ms Paschkewitz as an example of someone reaching the top after facing barriers earlier in her career. She and her peers in top-level roles now have the power to challenge gender discrimination and to help younger generations follow in their footsteps.

“It’s not acceptable for young women to be left out of lunch meetings or for their voice not to be heard,” Mr O’Neil said. “There is a responsibility on women and men in senior positions to fight the corner for the next generation.”

Women hoping to emulate Ms Paschkewitz’s success should be positive and see any hurdle as a challenge rather than an obstacle.

“Young people coming into maritime have to grab opportunities and be competitive,” said Mr O’Neil, who also urges caution when setting personal goals.

“We can’t all be winners; we can’t all rise to Claudia [Paschkewitz]’s position – and not everyone wants that, but there’s nothing wrong with being competitive and ambitious,” he added.

Mr O’Neil’s advice for women in maritime is to find something they love doing. “Work is often seen as something you don’t enjoy but have to do to bring in money.

It should be fun; if it isn’t, ask your bosses about moving into another department or business area,” he said.

When starting out in shipping, Ms Paschkewitz believed that hard work alone would help her climb the ranks. Her advice for women planning to make their mark in maritime is to network and to be vocal when they want something.

“I should have paid more attention to networking with colleagues,” she said. “When younger, I was hesitant to connect with or talk to male colleagues, but it’s important to be interested in and know the people you work with.”

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Will Bring Back Lost Glory Of Dibrugarh As A Major River Port Of India: Sarbananda Sonowal New Delhi Port Wings News Network nion Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal visited the site for proposed Cargo Terminal, Tourist Jetty and River Front Development projects near Bogibeel Bridge in Dibrugarh and held a meeting with stakeholders on the occasion to commence fast implementation of the works.

A major river port in colonial times, Dibrugarh was an important contributor to India’s economic growth. The Union Minister stated that necessary steps are being taken to once again make Dibrugarh a major river port of the country. “The opportunities provided

by PM Narendra Modi in developing the NW 2(Brahmaputra) and NW 16(Barak) is leveraging our connectivity with Bangladesh and giving us the route to reach markets of the world. We are hence establishing MMLPs and developing river ports in various part of Assam. In Dibrugarh, a port for cargo and passengers will be built,” the Minister said.

He added that the Ministry of Ports, Shipping and Waterways, the Inland Water Transport Department of Assam Government and North East Frontier Railway are working together to develop the area near the Bogibeel Bridge.

“PM Narendra Modi ji’s Act East Policy has transformed the North East into a connectivity hub. Led by the PM GatiShakti - National Master Plan, an integrated plan for speeding up cargo movement on the river Brahmaputra is being envisaged. It will open up employment avenues and provide global market access to local products,” the Union Minister said.

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Nov. 3rd - 9th, 2021 Issue

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Connectivity Pact With India To Be A Key Element Of EU’s Global Gateway Initiative: Astuto New Delhi Port Wings News Network he India-European Union (EU) Connectivity Partnership will be a vital component of the EU’s Global Gateway initiative that aims to create ‘links and not dependencies’ through investments in quality infrastructure in order to connect goods, services, institutions, banks, businesses and people across the world, according to Ugo Astuto, Ambassador, Delegation of the European Union to India and Bhutan.

Launching a report by the RIS titled ‘India-EU Connectivity: Partnership for Development, Demand and Democracy’, Ambassador Astuto also said leveraging the strengths of the European Investment Bank and the private sector will be key to effective implementation of the India-EU Connectivity Partnership.

Speaking at the event organised by the RIS, Mr Sandeep Chakravorty, Joint Secretary (Europe West), Ministry of External Affairs, said India and the EU have ensured that their bilateral Connectivity Partnership was of a ‘high standard’ and focuses on people-to-people connectivity as well as mobility. The bilateral Partnership has spurred similar ideas in other countries and regions for reasons including the importance of forging ‘secure and trusted’ supply chains, he added. Mr Chakravorty said there is a plan to launch an India-EU ‘Connectivity

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Forum’ soon to take forward viable projects in this context.

Ambassador (Dr) Mohan Kumar, Chairman, RIS, highlighted the strategic importance of the IndiaEU Connectivity Partnership and stressed the need to expedite negotiations on India-EU trade and investment pacts to ably support the implementation of the bilateral connectivity agreement. Professor Sachin Chaturvedi, Director General, RIS, said the RIS report has an in-depth coverage and analysis of India-EU trade and investment, areas of cooperation in connectivity as well as ways to use connectivity for sustainable development and green transition by leveraging Science, Technology and Innovation (STI).

He said the report also looks at alternative energy resources such as green hydrogen, solar and other kinds of non-conventional energy, in addition to financial connectivity from the institutional perspective where linkages between financial institutions, banks and providers of fintech have been examined in detail.

During the subsequent panel discussion, Ms Bhaswati Mukherjee, former Ambassador of India to the Netherlands, pointed out the convergence between India and the EU on connectivity principles including on sustainability. She said the partnership agreement will be able to address the emerging challenges including that of financial and environmental sustainability. Professor Gulshan

Sachdeva, Chairperson, Centre for European Studies, Jawaharlal Nehru University, said the IndiaEU Connectivity Partnership has huge potential and geo-political value with regard to enhancing connectivity in third countries as well, and will be an alternative to the Belt and Road Initiative of China.

Dr Constantino Xavier, Fellow, Centre for Social and Economic Progress, said since the bilateral connectivity partnership is based on democratic principles and lays emphasis on interoperability, in addition to transparency and good governance, it could help set regional standards and even help in the formation of a global connectivity partnership. Another important aspect was the decision of India and the EU to ensure that they, at a governmental level, will lead and facilitate, but not play an overwhelming role.

Professor S. K. Mohanty, RIS, mentioned that technology intensive trade is at the core of India-EU trade, while there are complementarities in their bilateral services trade. Speaking about the trends in development finance, Dr Priyadarshi Dash, Associate Professor, RIS, said there is now a focus on ESG (Environmental, Social, and Governance) norms.

He observed that there was a need for greater financial connectivity between India and the EU in order to help both the sides achieve their full potential including on fintech.

Third Officer Murders Captain And First Officer On Tanker Chennai

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Port Wings News Network rgentine authorities are holding a third officer who had been working on a tanker on charges of murdering the captain and first officer while the vessel was at anchor on October 22. The incident unfolded with a bizarre call from the third officer to the traffic control station in Buenos Aires saying that he had just killed the two men.

Crackling over the radio into the Rio de La Plata Traffic Control Center came a voice around midnight on October 22. “The captain and the first officer are dead.

I killed them,“ said the person who identified himself as Carlos Lima, age 52. “I want the Coast Guard to come and arrest me.”

At around 1:30 a.m. on October 23. the Argentine Naval Prefecture boarded the chemical tanker Ayane, which has been at anchor outside Buenos Aires for the past two weeks. Aboard the 16,971 dwt tanker, which is registered in Malta, they found Captain Alejandro Daniel Garcia, age 39, and First Officer Juan Alfonso Pegasano, age 48, both dead. Both had been shot, but a search of the tanker failed to find the weapon. The Coast Guard speculated that the assailant may have tossed the gun overboard after shooting the two men.

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The “murderer was a very calm person,” a Coast Guard spokesperson later told the media.

He reported that Lima surrendered to the Coast Guard when they boarded the vessel and did not resist arrest. “It is believed the attacker could have suffered a psychotic breakdown.” Later brought before a judge, Lima however refused to speak.

The authorities were continuing to investigate the situation.

Among the questions is how the assailant got a weapon aboard the ship.

They reported that the remainder of the 21 crew had retreated to the vessel’s citadel, possibly after hearing the shots. They remained in the safe location until the Coast Guard came aboard and took the third officer into custody.

Media reports indicate that suspect has a criminal record and had earned the nickname of “El Loco” (the crazy one). He reportedly had been working on merchant ships for the past eight years, after being released from jail in 2013. Five years earlier, Lima who had been a police officer until he was dismissed in 2007, shot and nearly killed one of his neighbors in Buenos Aires.

He was sentenced to seven and a half years for the crime but released after five years.

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Nov. 3rd - 9th, 2021 Issue

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Nov. 3rd - 9th, 2021 Issue

FFFAI set to launch second edition of IIFF-FIATA Online Diploma Course

Japanese Firms Look For Government Incentives To Relocate Investment Into India Mumbai Port Wings News Network “My mission is to promote India-Japan partnership as I believe there is bright future for both the countries. Japan, which is the third largest economy of the world, and India, which is the sixth largest economy, can work together for mutual benefit. India and Japan share similar values of democracy, rule of law and human rights. Our religions of Hinduism and Buddhism also have huge similarities. Many Japanese companies, who have invested in China and ASEAN countries, are looking to re-locate their investments into India, as part of their supply chain diversification strategy. Major Japanese banks such as Mizuho and Mitsubishi have targeted India as the number one destination for business expansion. Already, India is the largest recipient of Japan’s Official Development Assistance,” said Dr. Yasukata Fukahori, Consul General, Consulate General of Japan in Mumbai at an interactive meeting. The event was organized

by World Trade Center Mumbai and All India Association of Industries (AIAI).

Dr. Fukahori further added, “Japan has been proactive in funding infrastructure projects

of central and state governments in India. We wish to increase our investment commitment in India, which is growing not only in the manufacturing sector but also in the infrastructure sector.”

Speaking about the future strategy to enhance bilateral relations, Dr. Fukahori remarked, “India’s central and state governments need to provide incentives for Japanese companies, on par with those provided by other Asian countries to attract investment. I strongly feel that both the countries have untapped potential to collaborate in tourism, textile, automobiles and other manufacturing sectors.”

The size of the Indian consumer market is double that of ASEAN market and so I feel Japanese investors will profit more by relocating their investment from ASEAN to India, Dr. Fukahori highlighted.

Earlier in his welcome remarks, Dr. Vijay Kalantri, Chairman, MVIRDC World Trade Center Mumbai said, “Japan can play a prominent role in India’s vision of USD 5 trillion economy. We need your support in technology, finance and industrial development.

Today, bilateral trade stands at USD 15 billion, which belies true potential. Already, Japan has invested substantially in India’s

transport, power, environment and industrial corridor projects. There is still untapped potential to expand our partnership in information technology, textile, auto and engineering sectors. We have huge manpower, while Japan has technology and finance.”

Dr. Kalantri pointed out that both the countries should take advantage of the shared heritage, culture and spiritual connection to strengthen bilateral relations in commercial areas as well. Dr. Kalantri invited the Consul General for another meeting with the members of trade and industry to prepare roadmap for expanding commercial collaboration through joint ventures, trade, investment and technology transfers.

During the event, the Consul General addressed queries raised by the audience on expanding bilateral relations in education, retail, infrastructure, food processing and other sectors.

Mr. Ajoykant Ruia, Vice Chairman, MVIRDC World Trade Center Mumbai proposed vote of thanks for the event.

The meeting was attended by Ms. Reiko Mori, Consul-Economics, Consulate General of Japan in Mumbai, members of trade & industry, infrastructure companies and academia.

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Port Wings News Network he Indian Institute of Freight Forwarders (IIFF) – education wing of Federation of Freight Forwarders Associations in India (FFFAI) has decided to launch its 2nd batch of IIFFFIATA Online Diploma Course in Logistics/ Shipping and Freight Forwarding, tentatively from November 1, 2021. The 1st batch of the online diploma course received tremendous responses from the industry professionals as well as fresh aspirants.

The IIFF-FIATA Diploma Course has been validated by the International Federation of Freight Forwarders Association (FIATA), which is recognized across the world.

Commenting on the crucial role played by IIFF in skill development for the logistics industry practitioners Mr. Shankar Shinde, Chairman FFFAI and IIFF stated that the Logistics industry is leading towards more professional mode and it is now perceived as choice of an industry to work for, rather than ‘entry by accident’ or ‘inherited business’. With huge opportunity for Global exposure and experience, Logistics is the best industry which provides such a large scope of personnel and business development. “Accordingly, we

have to enhance our Logistics courses to meet the expectations of the next generation,” the FFFAI Chairman emphasised.

According to Mr. Tej Contractor – President, IIFF who is engaged in execution of the online diploma, the course is designed to equip students with effective technical and managerial skills necessary to become efficient logisticians at the supervisory and managerial levels.

In addition, the programme aims to provide the essential knowledge and pre-requisites for the pursuit of further education in business or logistics management.

Mr Contractor further asserted that the IIFF-FIATA course qualifies the company / student with the requirements of Customs Clearance, Freight Forwarding including Road, Rail, Air & Sea, Warehousing and Supply Chain Management. The course also covers International Conventions on Multimodal Transport of Goods, Hamburg Rules, Insurance, Information Technology in the Supply Chain, Warehousing etc within a span of 12 months. “The Institute has developed a career pathway for those who are interested to pursue a career in the ever-expanding logistics industry,” he said.

The complete information on the IIFF-FIATA course is available on mgmt@iiff.in or call on +91 72080 79966.

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Nov. 3rd - 9th, 2021 Issue

APSEZ doubles cargo volumes, total revenue in FY22 first half

Private Operators At Major Ports May Migrate To A Market Pricing Regime New Delhi Port Wings News Network he Major Port Authorities Act which is aimed at giving a fillip to private firms running cargo terminals at the major ports by allowing them to migrate to a market pricing regime for their services, potentially ending years of turmoil, marked by prolonged court battles and viability concerns.

The law passed by Parliament and notified in the gazette on February 18, seeks to give freedom to the 11 ports it covers, and new cargo handling terminals to be set up by private firms at these ports, to levy market-determined rates, by scrapping the Tariff Authority for Major Ports or TAMP, the rate regulator.

However, fate of the existing cargo handlers was uncertain, with no clarity on allowing them to levy market rates.

“The Ministry of Ports, Shipping and Waterways has now decided to extend the benefit of market determined rates to existing private cargo terminals also,” said an official briefed on the development.

“The idea is to bring everybody, both existing and new terminal operators, on par,” he said.

The decision will form part of the rules being finalised by the Ministry

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to implement the new Act, which is expected to take effect from 3 November.

Global port operators such as DP World and PSA International, among others, will benefit from the move.

The existing operators are governed by the rates guidelines of 2008, 2013 and 2019 (revised norms for those covered by the 2005 rate regime), depending on the year in which they were awarded the contracts.

Rates were part of the tender documents for operators covered under the 2008 and 2013 tariff guidelines, posing some issues in permitting them to migrate to a free pricing regime.

While in the case of terminals operating under the 2019 guidelines, rates were not part of the bid documents, allowing them to shift to a market determined rate regime with relative ease.

The freedom to existing operators to move to market-determined rates, though, will come with a few options.

One, private terminals will have to share 50 per cent of the contractually mandated royalty or revenue share, as the case maybe, to the government-owned port authority, on incremental rates

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levied under a free pricing regime.

For instance, if the rate set by the regulator for handling a container is Rs 5,000 and the market determined rate is Rs 6,000 per container, the operator will have to pay the full quoted royalty or revenue share on Rs 5,000 and half of the royalty/ revenue share on the incremental rate of Rs1,000.

Two, private operators will be allowed to continue with the contractually mandated royalty or revenue share percentage while collecting market rates. But, the annual royalty or revenue share pay-out to the government-run port authority should not be less than what was paid in the previous year or the last five years.

In case the private operators are not agreeable to either of the two options, the terminal can be put to re-bidding.

“The major ports will be given the flexibility to discuss with the private operators and decide on the best option agreeable to both the parties for their respective projects,” the official said.

Besides, a dispute resolution mechanism proposed under the new law for future public private partnership (PPP) projects will also be extended to disputes involving existing operators.

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Port Wings News Network dani Ports and Special Economic Zone Limited (APSEZ), the largest transport utility in India and a part of the diversified Adani Group, has published its financial and operational results for the first half of the Fiscal Year 2022 (1 April 2021 - 31 March 2022), highlighting significant increases in cargo volumes and total revenue.

Adani Ports handled 144 million metric tonnes (MMT) of cargo during the first six months of FY22, registering a year-on-year growth of 47%. The growth in cargo throughput was principally led by dry cargo which rose by 59% and containers which increased by 42% over the same period of the previous fiscal year.

APSEZ handled 4.11 million TEU out of 9.67 million TEU handled at all India levels, and highlighted a year-on-year growth of 42%, against 30% at all India levels. Meanwhile, during FY22’s first half, Mundra port continued to be the largest container handling port, totaling 3.2 million TEU. Furthermore, Adani Logistics, the largest and most diversified private rail operator in India, registered a 23% growth in rail volume, surpassing 179,000 TEU and a 17%

growth in terminal volume, handling more than 134,000 TEU. Regarding the financial results of the Indian company during the first six months of FY 2022, consolidated revenue grew by 56% in comparison to the same period of the previous FY to US$1.08 billion (Rs.8,089 crore).

At the same time, port revenue at APSEZ reached US$847.5 million (Rs. 6,347 crore), reflecting a rise of 46% over the H1 of 2021’ fiscal year.

In addition, the company’s consolidated Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) during the first six months of FY22 grew by 47% year-on-year, exceeding US$644.4 million (Rs.4,826 crore).

Meanwhile, Port EBITDA totaled US$595.3 million (Rs.4,458 crore), which translates to an increase of 47% compared to the first half of the previous FY, mainly driven by the increases in cargo volumes.

Last but not least, Adani Ports’ free cash flow from operations, after adjusting for working capital changes, Capex, and net interest cost, completed US$340.5 million (Rs.2,550 crore).

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Nov. 3rd - 9th, 2021 Issue

India’s Adani Ports Scraps Myanmar Container Terminal Plans

Container Shipping Rates Entering Extended Period Of Volatility Chennai

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Port Wings News Network he global container shipping industry is entering a period of volatility that will extend long after the current peak shipping season, with a return to prepandemic market conditions almost certainly out of reach, according to consultancy Vespucci Maritime CEO Lars Jensen, reports Platts.

Bottlenecks causing severe

congestion throughout the supply chain in North America will eventually be reduced, but that will likely happen in no less than six months from now and more likely in the second half of 2022, Jensen said at the South Carolina International Trade Convention, held in Isle of Palms, South Carolina, Oct.18-20.

But that initial easing may precede a period of reverberation where ship capacity trapped by congestion is released to load cargoes in Asia, only to begin bunching up again at import destinations and driving rates higher, at least until the latest wave of ships orders hit the market, starting in 2023, Jensen said.

“We can very easily predict a 2022 where volatility is the name of the game,” Jensen said. “You are likely to see extreme swings, especially on the spot rates.

“We’ve been used to an industry that was rapidly growing and also an industry that always had an enormous excess of capacity,” he said, adding, “going forward we will also have excess capacity, but the gap between what we use and the absolute maximum is systemically going to be smaller than what we have been used to.”

This will make container shipping far more volatile to an external event that pushes the industry to maximum utilization, more in line with what has become the norm in more mature shipping sectors, like tankers and dry bulk, where periods

of rate stability are punctuated by sharp spikes, Jensen said.

“This should not be seen as a hundred-year event where rates suddenly spike tenfold and then at some point come down again,” Jensen said. “This will be more like an event we could see once a decade or twice a decade,” Jensen said.

This will make risk management in contracts more important going forward, Jensen added. Shippers and carriers will both need to take more consideration what level of volumes they want to put into mutually committed contracts and how much exposure they want in the volatile, but flexible, spot market.

Platts Container Rate 13 — North Asia to West Coast North America — was last assessed at $8,800/FEU Oct. 21, down from $8,950/FEU last week and the all-time high level of $9,000/FEU at the start of October, as more ships were put into service on the trans-Pacific trade lanes. But the downturn was tenuous amid escalating gridlock at US West Coast ports and nodes of inland transport.

“We are always only one or two COVID-19 cases away from a major Chinese port shutting down, and that will be hanging over our heads for months to come,” Jensen said. “We have seen some decline in transPacific rates, but it can always get worse as long as demand remains greater than supply.”

Chennai

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Port Wings News Network ndia’s Adani Ports said that it was abandoning plans to build a container terminal in Myanmar, weeks after applying for a U.S. licence for the project, saying it believed it did not violate sanctions, according to a Reuters report.

A military coup in Myanmar in February and an ensuing crackdown on mass protests in which hundreds have been killed has drawn international condemnation and sanctions on military figures and militarycontrolled entities.

“The company’s risk management committee, after a review of the situation, has decided to work on a plan on exiting the company’s investment in Myanmar, including exploring any divestment opportunities,” Adani said in a statement, without giving further reasons for the change in plan.

The company is expected to fully exit the investment in the strife-torn south Asian nation between March and June next year, it said.

The ports operator said in August it had asked the United States’ Office of Foreign Assets Control (OFAC) for a licence to operate the Myanmar container terminal.

Adani had said in May it would abandon a Myanmar container terminal project and write down the investment if found to be in violation of U.S. sanctions.

The company had invested $127 million, including a $90 million upfront payment for leasing land, it said in May, adding a write-down would not have a material impact as the project accounts for only about 1.3% of the company’s total assets.

Adani last year won the bid to build and operate Yangon International Terminal, which it has said is an independent project fully owned and developed by the company.

A March report released by two rights groups cited documents purporting to show that an Adani unit would pay up to $30 million in land lease fees for the project to the Myanmar Economic Corporation (MEC), one of two militarycontrolled conglomerates under U.S. sanctions.

Adani did not comment on the lease payments detailed in the report at the time, but later said it had a “zero-tolerance policy on sanctions.”

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Nov. 3rd - 9th, 2021 Issue

Economists Expect Shipping Woes To Linger Well Into 2022

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Chennai

Port Wings News Network hipping backups at big U.S. ports, and the resulting goods shortages and price surges, are not likely to resolve themselves until well into 2022, according to economists and some business leaders.

Some 77 ships are waiting outside docks in Los Angeles and Long Beach, California, carrying $24 billion worth of goods looking to find their way into the American ecosystem, according to Goldman Sachs.

The pressures are feeding into the economy, putting constraints on everything from grocery stores to big manufacturers.

Prices for consumer and wholesale goods are soaring. The trends are expected to create an inflationary holiday season with the potential for fewer goods under Christmas trees.

“Backlogs and elevated shipping costs are likely to persist at least through the middle of next year because no immediate solution for the underlying supply-demand imbalance at US ports is available,” Goldman economist Ronnie Walker said in a note to clients.

Relief could arrive eventually. The pressures “should soon begin to ease” but only “slightly as we pass the ongoing seasonal peak in shipping demand ahead of the holiday season,” Walker added.

The problems should lessen after the holidays and Lunar New Year as container traffic wanes.

In the meantime, consumers will pay more and have access to less.

Shipping a container through major U.S. ports now takes triple the time it normally does. In September, about one-third of containers at the L.A. and Long Beach ports sat longer than five days before being shipped out, according to Goldman Sachs. Offloaded containers dropped by 9.1% at Long Beach and 3.6% at Los Angeles.

President Joe Biden tried to fix the problem by ordering ports to stay open 24 hours, but it has only helped at the margins. Ongoing labor shortages and a lack of coordination among the multiple players in the U.S. supply chain blunted the effect of the move.

“The upshot is that the outlook offers no immediate fixes for the underlying supplydemand imbalance at US ports,” Walker wrote.

Though he sees some easing ahead, he added that “congestion will likely persist to some extent through at least the middle of next year, and our analysts expect that freight rates will likely remain meaningfully above pre-pandemic levels for at least the next year.”

Issues for big companies Companies have had to find ways to keep their products moving amid the supply chain disruptions.

The issue has been mentioned repeatedly during the third-quarter earnings season.

Many officials have said they have taken a hit from shipping delays but have deployed various strategies to mitigate the damage.

Conagra CEO Sean Connolly said his company has struggled to keep up with surging consumer demand.

“This is a great problem to have, but it increases the demands on our supply chain at a time when the industry is navigating labor shortages, material supply issues and transportation cost and congestion challenges,” the head of the packaged food company said on its earnings call a few weeks ago. “If we had the capacity to meet all of the demand, our numbers would likely have been even more impressive.”

Connolly added he expects the “supply chain challenges will ultimately abate.”

Consumer products giant Procter & Gamble has also seen pressure from “tight labor markets, tight transportation markets and overall capacity constraints. Inflationary pressures are broad-based and sustained,” chief financial officer Andre Schulten said on the Oct. 12 earnings call.

Schulten noted that “we feel good” at P&G about the ability to manage the issues.

Ultimately, the problems companies and consumers face come from issues largely related to the Covid-19 pandemic. Consumers have shifted their spending from services like restaurants and travel to goods, such as household items and technology.

The U.S. has depended on a “just-intime” supply chain that is not built to react to massive demand jolts.

“If an input — in this case, global demand for goods — to certain kinds of systems changes, the resulting change in the outputs can be massively outsized. A system with underlying chaotic characteristics can swing from calm to chaos very quickly, with few warning signs,” Pantheon Macroeconomics Ian Shepherdson wrote. Still, Shepherdson expects the pendulum to swing back to more of a services-based economy, allowing supply to catch up to demand. Federal Reserve officials are betting on that outcome as well. They have decided against raising interest rates to stave off inflation, hoping that the economy returns soon to equilibrium.

Fed Chairman Jerome Powell said Friday that inflation has lasted longer than he expected and likely will persist into next year.

But he added that it has not risen to a level that warrants substantial policy tightening.

Shepherdson said a drop in demand could lead to “a period of rapid declines in goods prices,” though he added that he would “be surprised to see that before the middle of next year.”

Suge In Cruise Ships Arrival At Alang Shipbreaking Yard

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Port Wings News Network he Covid pandemic has hit the cruise industry hard and the catastrophe could be witnessed at the shipbreaking yard of Alang.

Rakesh Mishra, Port Officer at Alang said that every year only one or two passenger cruise vessels arrive at this shipbreaking yard, but since last year, a record number of 14 cruise vessels have beached at Alang.

Giving a better picture, Mishra said that now the cruise passenger vessels account for 10% of all the ships beached at Alang.

He pointed out that gigantic vessels such as German-made MV Roger (48 years old) and Spain-registered MV BLUEFORT (42 years old) are waiting at the beach to be dismantled.

MV Karnika, which once employed 614 crew members on board failed to resume operations after pandemic lockdown and now is the largest cruise vessel to the beach at Alang

awaiting its death.

Mishra reported that cruise vessels from all corners of the world have arrived for dismantling. Naming a few, he counted MV Ocean Dream that once sailed near Japan and MV MARCO POLO that sailed in European waters.

Explaining the situation, the Ship Recycling Industries Association (SRIA) said that the pandemic threw multiple challenges at the cruise ship owners.

They were already suffering from low-tono business and added to that were the added expense of maintenance, loan interests, and insurance costs.

The tough circumstances created by the Covid pandemic pushed the vessel owners to sell their ships and pay off the liabilities.

Alang is not the only port that is witnessing a surge in cruise vessel dismantling, other shipbreaking yards such as those in Turkey are also experiencing the same.

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Nov. 3rd - 9th, 2021 Issue

Trade Group Tells FMC To Start Enforcement Action Against Carriers

105 Zim Kingston Containers Remain Unaccounted For, Recovery Of Sunken Ones Unclear Chennai

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Port Wings News Network ashed up and wedged along the coast of northern Vancouver Island are four of the 109 lost containers from the Zim Kingston, with their contents of toys, fridges, and styrofoam scattered on the shore, according to a news report in CHEKNews Online.

on identifying container locations right now, either floating or those that have become beached,” said a Canadian Coast Guard spokesperson to CHEK News.

So what about the many containers the Coast Guard presumes have already sunk?

“They’re out there being battered by heavy seas, the watertight integrity is not that great, so File photo

“It just an incredible volume of material that has come ashore to date,” said Karen Wristen, the executive director of Living Oceans Society.

The Vancouver Island company, Pacificus, has been contracted for shoreside cleanup and New Westminster-based company Amix for waterside recovery.

“We are focusing our efforts

there’s a good chance that a lot of them have already sunk,” said Mariah McCooey, a Coast Guard spokesperson.

If the sunken containers don’t meet the strict guidelines of Transport Canada or the Coast Guard recovery policies, environmentalists are concerned that the containers at the bottom of the sea will be

Port Wings News Network U.S. trade group representing companies selling luggage, backpacks and other travel products has written President Joe Biden asking that regulations on shipping and other fees be strictly enforced to help bring down the cost of shipping, reports Reuters.

The Travel Goods Association, whose companies do some $1 billion in U.S. sales annually, asked for “immediate action – aggressive

are left behind and that they also hit delays in getting into U.S. ports, and are being charged for the delays.

While the group did not blame the problems on the COVID-19 pandemic, the crisis has caused unprecedented bottlenecks in the supply chain which economists and businesses expect to persist through the first half of 2022.

The association demanded action from the Federal Maritime Commission (FMC), noting investigations that have already taken place.

enforcement, leadership to bring the full gamut (of) stakeholders to the table, provide immediate relief, and more.”

They said shipping costs are now eight to 10 times higher than what they paid last fall and that they “are now witnessing rates that exceed the value of product being shipped within the container.”

The group said that contracts are sometimes ignored so that goods

“Aggressive enforcement of existing rules and regulations is essential,” the group said.

“The FMC has conducted numerous inquiries on excessive and unjust fees and on unreasonable policies and practices. Those inquiries must now turn into enforcement actions to bring the scourge of excessive fees and unreasonable carrier practices to an end,” it said.

Chennai

forgotten.

“I have a feeling an awful lot of that material is going down and staying down,” said Wristen.

The biggest concern right now is that two containers still missing hold the hazardous chemicals potassium amylxanthate and thiourea dioxide.

Specialists say potassium amylxanthate is an irritant and toxic to most animals.

“Keeping in mind these mammals are immersed in the water, anything they come in contact with, comes in contact with their eyes, with their respiratory tract, with their whole body,” said Heather Buckley, a professor of engineering at UVIC. As cargo ship traffic increases off Vancouver Island’s coast, Wristen thinks this disaster highlights how international shipping laws need to change.

“At the end of the day, it’s up to the ship’s master to decide how the ship’s loaded and unfortunately, because of COVID, there are huge pressures on shipping right now. It’s certainly creating an incentive to take more containers on board than is perhaps wise given the increase in storms,” said Wristen.

For now, the Coast Guard continues its search for the remaining 105 containers still unaccounted for.

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Nov. 3rd - 9th, 2021 Issue

NHAI To Remove Abutment Wall Obstructing Traffic In Koyambedu Chennai

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Port Wings News Network he abutment structure was built by the NHAI as part of the Chennai Port to Maduravoyal Elevated Road project over a decade ago, a report in DTNext said.

However, the project got shelved after the State government halted the works along the Cooum river citing obstruction to the flow of water. The reinforced concrete structure built in the middle of the road became a bottleneck affecting the flow of traffic and causing several accidents.

“We are going to demolish the abutment structure as part of the short-term blackspot rectification work. The structure is no longer needed in view of changes in the PortMaduravoyal project alignment. In the new

alignment, the elevated road will come up along Cooum even beyond Koyambedu and the abutment is no longer required,” an NHAI official said. In March this year, the NHAI had unsuccessfully tried to remove the structure.

“We are going to give the contract to remove the structure using special methods,” the official added.

Meanwhile, sources said that a memorandum of understanding will be signed for the new alignment of the Port Maduravoyal doubledecker project. “It has been sent to the Ministry of Road Transport and Highways for their approval,” sources said, adding that all the stakeholders—NHAI, Indian Navy, Chennai Port Trust and Government of Tamil Nadu had agreed on the changes in the alignment and inclusion of the 13 entry and exit ramps.

Chennai Port Handles Imported Excavators Through Rail From Chennai To Wallajabad Chennai

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Port Wings News Network he Chennai Port achieved yet another significant milestone by handling 58 numbers of imported Excavators with accessories by rail from Chennai Port to Wallajabad through 35 BWT flat wagons on 2021 October 28 during second shift.

Usually, imported excavators are moved by road. This is for the first time that the said cargo imported from Shangai through MV Thoroco Legacy arrived on 23.10.2021 was dispatched to Wallajabad Rail siding through rail on 29.10.2021.

The last leg of the movement of the cargo

from Wallajabad rail siding to Cheyyar will be completed through road.

This new initiative will ease the road congestion and augment the rail share. It is a testimony to Chennai Port’s capability in handling such over dimensional cargo through multiple mode of transport.

Shri Sunil Paliwal, IAS, Chairman, appreciated Port Officials, the importer M/s.

Schwing Sletter India Pvt Ltd and the handling agent M/s. Aashirvadh Global Logistics Pvt Ltd for the commendable operation, said a press release from Chennai Port Trust Secretary.

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Madras High Court Orders Detention Of Panama Flagged Cargo Ship At Mumbai Port For Three Weeks

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Chennai

Port Wings News Network he Madras high court on 29 October directed the Director General of Shipping, the deputy conservator of Mumbai Port Trust and the commandant of Indian Coast Guard to detain the Panama flagged cargo ship M V Navios Venue that has been lying at the Port of Mumbai for three weeks now, according to a news report in The Times of India.

Justice Senthilkumar Ramamoorthy passed the interim order while hearing a petition filed by P Rajamni of Kanyakumari district of Tamil Nadu whose mechanised fishing vessel was damaged following a collision with the cargo ship around 19 nautical miles off the Colachel harbour on October 22.

The fishing vessel ‘Shij Mon – I’ left the Colachel fishing harbour October 22 afternoon with 17 crew members on board.

A Ruban Rose,36, of Colachel was the driver of the boat that had 15 crew members from Kanyakumari district and two from Kolkata in West Bengal.

Around 8.15pm, the ship and the fishing vessel collided in the sea, leaving the crew members injured and the fishing vessel badly damaged. Two of the injured fishermen were taken ashore by the Indian Coast Guard and the others reached the shore along with the

damaged boat with the help of fishermen from two other boats.

Based on a complaint lodged by the driver of the boat, the Colachel marine police registered a case under sections 280 (rash navigation of a vessel) and 337 (causing hurt by act endangering life or personal safety of others) of the Indian Penal Code.

File photo

Under these circumstances, the petitioner who is the owner of the boat, moved the HC seeking a direction for a speedy investigation by detaining the ship and also sought for compensation.

The petitioner contended that if the ship was permitted to sail beyond the territorial waters of India, he and the injured people would be left without a remedy.

The court ordered notice to the official respondents and the ship and adjourned the case to November 26.

CII steps in to accelerate progression of logistics policies

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Kolkata

Port Wings News Network hennai: CII Institute of Logistics has launched a compendium of logistics policies of five States to capture a snapshot of how States are looking at incentivising and promoting logistics and warehousing in States.

The compilation was unveiled in the presence of Additional Secretary – Logistics, Ministry of Commerce & Industry, Government of India and other Industry stakeholders.

The Institute has facilitated five stakeholder roundtables in States of Maharashtra, Uttar Pradesh, Tamilnadu, Assam and Haryana.

Logistics and warehousing experts from industry, think tanks, academia interacted in closed door dialogue with the State government and provided suggestions on the role government and industry can play in creating multiple logistics hubs in the country, CII said.

‘CII has been in the forefront of such consultative efforts and continuously engages with all stakeholders in pursuit of Logistics industry competitiveness. This compendium is one of the key documents that would be very helpful for Logistics of all the State and UT Governments. It highlights the salient features of various State Governments policies and scope for improvement,’ it added.

Shipping Minister Shri Sonowal inaugurates Valiyazhikkal Lighthouse in Kerala

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Port Wings News Network nion Minister for Ports, Shipping & Waterways and AYUSH Shri Sarbananda Sonowal inaugurated a new Lighthouse at Valiyazhikkal in Alappuzha district of Kerala in the presence of Alappuzha MP, Haripad MLA and senior officers on 30 October.

After obtaining the Coastal Regulatory Zone (CRZ) clearance and other statutory clearance, the 41.26 metre height pentagonal RCC tower with elevator and allied buildings have been constructed and the lighthouse is currently on trial run since 03.06.2021.

Shri Sonowal stated in his address that

the Govt has approved development of 75 lighthouses for tourism as a part of the 75thAzaadi Ka Amrit Mahotsav and Valiyazhikkal lighthouse is one of them.

11 other Lighthouses in Kerala have been earmarked for development of Tourism.

Construction of the lighthouse will immensely benefit the mariners plying in this Kerala region and the local fishermen will benefit for Day mark in day time and Safe return in Night time from the sea.

The location at Valiyazhikkal beach shall be a tourist destination and endorse the tourism activity in the area by providing scenic view of the sea to the tourists and thereby generate job and economical benefits for the locals.

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Nov. 3rd - 9th, 2021 Issue

Haldia Port Next In Line For Adani After Gangavaram Port

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Kolkata

Port Wings News Network est Bengal is all set to join the long list of maritime states where the Adani Group has a presence.

If everything goes according to plan, the conglomerate will take over a berth at the Haldia Dock Complex. It will have to oversee the end-to-end mechanization of the berth which is expected to come up to Rs.300 crores.

Once the work is complete, the berth will be capable of handling cargo close between 3.5-4 million tonnes annually.

Haldia Port is next on the list for Adani after SBI sanctioned takeover of Andhra Pradesh government’s stake of 10.4 per cent in Gangavaram Port Limited, according to the sources.

The port-to-power conglomerate has emerged as one of the favorites to win the rights to operate a berth at Haldia after quoting a royalty of Rs.75 per tonne. The closest challenger was local player Ripley & Co. with Rs.65 per tonne.

The development comes after Gangavaram Port in Andhra Pradesh was acquired from the state government by Adani with SBI Capitals endorsing the transaction.

Winning the Haldia berth will allow Adani to significantly expand its operations on India’s eastern seaboard. It already owns ports in Odisha, Andhra Pradesh and Tamil Nadu and two terminals at the government-run Ennore and Vizag ports.

Cargo traffic at major Indian ports rose by 11.43 per cent in August YoY and touched

57.59 million tonnes in comparison to 51.68 million tonnes last August.

The growth is a strong reflection of a recovering Indian economy that is finding its feet after a year and a half of pandemic restrictions.

Gaining access to Haldia Port will allow Adani to integrate its operations on India’s eastern coast especially now that Gangavaram Port is also in its kitty.

After announcing its intention to takeover 31.5 per cent stake in Gangavaram Port Limited (GPL), APSEZ went on to acquire a majority stake of 58.1 per cent in the port.

The remaining 10.4 per cent stake which was held by the Andhra Pradesh government was also eyed by Adani.

SBI Capital, which was roped in by the government to conduct an assessment, approved of the takeover of the remaining stake by the conglomerate.

With the Competition Commission of India (CCI) and the boards of Adani and GPL sanctioning the merger, the port is firmly in the hands of the port operator.

Adani Ports and Special Economic Zone (APSEZ), the Group’s port division, has a total of 13 ports and terminals spread out over seven coastal states under its wing.

Incidentally, West Bengal and Karnataka are the only two states where the port operator has no presence. Acquiring a berth at Haldia Port will add considerable depth to its logistics operations.

This also comes at an opportune moment when the Mamata Banerjee-government is planning a greenfield port at Tajpur.

Adani Group To Invest In Cleartrip, Deepens Strategic Partnership With Flipkart

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Chennai

Port Wings News Network he Adani Group, India’s fastestgrowing diversified conglomerate, on 29 October announced that it is investing in Cleartrip Private Limited, an online travel aggregator (OTA) and part of the Flipkart Group, India’s homegrown consumer internet ecosystem. As part of this investment, the Adani Group will acquire a significant minority stake in Cleartrip.

Through this investment, the Adani Group and the Flipkart Group will benefit from synergies that will deliver superior travel experiences to consumers as the travel industry in India sees a resurgence. Since the acquisition by the Flipkart Group, Cleartrip has seen 10x growth in flight bookings. Also, trends observed by Adani airports indicate that the number of passengers at airports has increased, reaching close to pre-covid highs.

This partnership will further enable Cleartrip to transcend digital boundaries and bring endto-end travel services online.

The investment will further enhance the strategic partnership between the Adani Group and the Flipkart Group, as both parties work towards serving Indian consumers with a wide gamut of digital offerings. As a part of the investment, Cleartrip will also serve as the Adani Group’s OTA partner.

Cleartrip’s scalable technology stack, user-friendly interface and industry-first initiatives have made it one of the most loved travel brands in India. This, along with an experienced leadership team and Flipkart’s

deep consumer-focused experience, has helped the company stabilize its prominent position in the OTA space over the last few months.

By collaborating with the Adani Group in areas such as travel-related products, loyalty programs and other value-added services, Cleartrip aims to provide consumers with a seamless travel experience and further accelerate its growth.

“We have a strongly developing relationship with Flipkart that spans multiple dimensions including data centres, fulfilment centers and now air travel,” said Gautam Adani, Chairman of the Adani Group. “It is such strategic partnerships among homegrown companies which will eventually create local jobs as well as an Atmanirbhar Bharat. The Cleartrip platform will become an essential part of the broader SuperApp journey we have embarked upon.”

Speaking on the development, Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, said, “At the Flipkart Group, we are focused on delivering experiences for consumers and providing opportunities to help them fulfil their aspirations. As travel picks up over the next few months, Cleartrip will continue to focus on providing easy and flexible travel experiences for its customers.

We strive to strengthen our relationship with the Adani Group and will explore ways in which we can expand our offerings for consumers, leveraging their robust travel infrastructure in the country.” The deal is expected to close in November 2021, subject to customary closing conditions.

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Nov. 3rd - 9th, 2021 Issue

17

Shippers Find New Supply-Chain Hurdles At Alternate Ports

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Chennai

Port Wings News Network hen Flexport Inc. learned in the past month that an ocean carrier planned to shift cargo from the congested operations at the Port of Los Angeles to little Port Hueneme some 80 miles up the California coast, the freight forwarder found that trucking companies weren’t ready to go along with the changing direction of the imports, reports Wall Street Journal.

“We talked to trucking carriers throughout the market in L.A. and Oakland and the sense was that they could not support the volume if it moved through Port Hueneme,” said Jason Parker, the company’s head of trucking.

The San Francisco-based company shifted gears, pulling 200 containers from the ocean booking and instead routing many of them to Los Angeles despite a likely longer wait there to offload goods.

“The two-week delay coming to Los Angeles versus the Hueneme routing was going to cause less headache for the customers,” Mr. Parker said.

The choice highlighted how shippers looking to avoid bottlenecks at major gateways by diverting goods through alternate ports face tough tradeoffs and new questions. How do they get furniture, clothing, toys and other items to stores and warehouses that are far from their established supply lines and have modest transport connections to other parts of the country?

Smaller ports don’t have dozens of ships stacked up off the coast waiting for berth space, as do Los Angeles and the neighboring Port of Long Beach, Calif. The sites have drawn long looks from shippers and freight forwarders, and even brought them chartered ships from the growing number of retailers who are hiring vessels to get around the backups to get goods in stores for the holidays.

But most don’t have enough dock workers to unload cargo or a steady supply of truckers or warehouse space to handle a big jump in cargo volumes, said Anthony Hatch, a rail transportation analyst and principal at ABH Consulting.

“They make for nice stories,” Mr. Hatch said. “But they are all on the margin.”

The efforts have sent cargo to established West Coast gateways like the ports of Seattle and Oakland, Calif., and to destinations still farther from traditional container shipping trade lanes. The Port of Portland, Ore., which lost regularly scheduled container service in 2016, has recovered some operations and gained some charters this year. The Port of Hueneme, known mostly as an import gateway for Del Monte bananas, expects its first chartered container ship to arrive in November.

Ports on the East Coast like Baltimore and Port Tampa Bay, Fla., also are trumpeting congestion-free operations in an effort to lure container lines and their shipping customers.

The capacity at those ports pales against the operations at Los Angeles and Long Beach.

That complex handled just over 6 million loaded inbound containers in the first seven months of the year, nearly 40% of all container imports that landed at U.S. ports over that time, according to Beacon Economics, a research firm based in Los Angeles.

The scale of the import business there has created a sprawling network of trucking, rail and warehousing operations aimed at delivering imports to U.S. markets, both for the big consumer base in Southern California

or distribution centers and freight hubs reaching out to Chicago and other inland sites.

The ports’ high profile as an import

to get lost,” he said.

Even so, Mr. Jones said that if supply-chain congestion continues to frustrate his attempts to

considered moving other drivers to Houston but doesn’t take such steps lightly.

“For the drivers and for us it is taxing,” said File photo

gateway has grown as retailers have rushed to restock inventories that were depleted earlier in the pandemic, helping push some 1.1 million more containers through Los Angeles and Long Beach during the first seven months of this year than they handled over the same period in 2019.

The flood of imports has led to a logjam of vesselswaiting offshore for berth space that has persisted over the past year. The bottleneck has hovered at between 60 and 70 vessels this fall and reached a record 79 container ships on Thursday, according to the Marine Exchange of Southern California.

Sailing to alternative ports can add weeks to the time it takes to get goods from Asia to the U.S., however, and can pile on new costs and complications.

Rachel Rowell, a spokeswoman for freight middleman C.H. Robinson Worldwide Inc., said shifting the flow of goods requires container availability, space on a vessel, truck capacity and equipment including the chassis that attaches to trucks to allow them to carry containers. All of those may be in short supply.

“Shifting entire chains is a more challenging ordeal than a cab shifting which street it takes, which is why shifting ports is not often a preferred option and why it is difficult to do last-minute,” she said.

Freight forwarder Seko Logistics has chartered ships to Portland, Ore., and Jacksonville, Fla., for frustrated importers.

Each time, the firm must lease sea containers for the voyage. It also has leased extra space in Portland to manage the boxes and spent weeks finding local trucking companies capable of moving the goods to distribution hubs in Ohio and California.

The efforts have brought shipping costs to as high as $20,000 per box, not far from the high rates in today’s spot container shipping markets.

Transferring cargo from containers to trucks isn’t ideal for importers like Jim Jones, senior manager of international logistics at RST Brands, a Salt Lake City-based furniture seller, that used the service. “The more times the product is touched the more times you have an opportunity for damage and for things

import furniture he would use the service again.

ITS Logistics has moved truckers from Jacksonville, Fla., to Charleston, S.C., to serve shippers who wanted to avoid the Port of Savannah, Ga., after ships started backing up offshore in August and September. It has

Paul Brashier, vice president of drayage and intermodal at ITS Logistics, based in Reno, Nev. “When you reposition folks hundreds of miles away and they’re used to running back and forth locally and they’re home every night that’s a definite challenge.”

Wishing you all a Happy & Colourful Diwali

18

Nov. 3rd - 9th, 2021 Issue

Seafarer Happiness Increases To Pre-Pandemic Levels, But Many Not Intend To Return To Sea

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Chennai

Port Wings News Network he latest Seafarers Happiness Index report from The Mission to Seafarers has been published for the third quarter of 2021. The report highlights happiness levels have increased overall to 6.59/10, from 5.99 in the previous reporting period, returning to the same levels seen pre-COVID in Q3 2019.

The survey, conducted with support from Wallem Group and the Standard Club, suggests

with one stating that owners gave them 250MB for the whole month consumption; potentially not even enough for one video call to their family.

This feedback raises stark concerns over the affordability and rationing of internet access on board, which is such a priority for so many seafarers from a welfare perspective.

Owners and managers are encouraged to look again at the steps that could be taken to improve this.

world must treat seafarers as the key workers that they are and ease travel and crew change restrictions in their jurisdictions.”

Captain Yves Vandenborn, Director of Loss Prevention at the Standard Club, said: “The Q3 results of the Seafarers Happiness Index show a small increase at 6.59/10 (up from 5.99 in Q2). There is an impression that small improvements are providing momentary relief, but fundamental issues such as leave and general poor treatment, exacerbated over

The Revd Canon Andrew Wright, Secretary General of The Mission to Seafarers, commented: “The issues relating to COVID-19 continue to impact seafarers, and are likely to for some time to come. That said, the data suggests that crew sentiment has stabilised, which is, at face value, good to see.

However, it is too soon to say whether this is a start of positive change, or if seafarers are simply more resilient to the situation they are experiencing because of the pandemic – in other words, whether the strains they have been placed under for the past 21 months are a ‘new normal’.

“Seafarers have been through so much over the past two years. They have been key to world trade at a time of unparalleled risk and disruption, they have kept the lights and heat on, they have kept shop shelves stocked and they have allowed the world to edge towards recovery. We owe them all a huge debt of gratitude and enormous respect and recognition.

“We urge every shipowner, operator and manager to study this report, listen to their crew and act on what is needed to address their needs, whether that is the longstanding issue of crew changes or, as we see in this latest survey, the costs and constraints on internet access, which can be a lifeline for homesick seafarers.”

John-Kaare Aune, CEO at Wallem Group, added: “We are pleased to see that the happiness level of the crew has increased in this latest report, but at the same time it is worrying to see how many seafarers are considering ending their career at sea due to extended periods on board. In order to keep the world’s supply chain going we as an industry must continue to have a sharp focus on getting back to normal crew change cycles, and most importantly the various countries around the

the course of this pandemic, have resulted in many seafarers considering stopping their seafaring career and looking for greener

File photo

that COVID-19 related strains on seafarers are beginning to ease, and support measures for seafarer welfare have now had a chance to take effect, yet challenges with shore leave and ship-shore connectivity remain.

Without leave, seafarers will not return to sea Shore leave and extended contracts have been a huge challenge since the start of the pandemic. 5% of seafarers responding said that they have been away at sea for over a year and a further 13% of respondents have served at sea for over 9 months, with the remainder reporting less than 9 months – so far.

The challenges of balancing home life with the uncertainties that the crew change crisis have led to many who were tentatively considering a move ashore accelerating their career change plans. The report emphasises that many seafarers are not intending to return to sea once they eventually get home.

The issue of retention in an already stressed workforce is a major concern. There is likely to be a growing shortfall in seafarers in the coming years, with seemingly little or no coherent mechanism to manage the problems coming over the horizon. The seafaring experience and expertise that is potentially going to be lost should serve as a warning to all.

The true cost of connectivity Ship-to-shore connectivity is a long-held contentious issue. The crews who either have no access or feel that it is poor quality, slow, patchy and expensive, are not happy. Many respondents see the issue of internet access as one of the most telling ways of assessing how a company feels about its crews.

The issue of the cost of online access came up repeatedly this quarter. One seafarer stated, “Our internet on board costs US$25 for 100MB”. That is the scale of how challenging the fee structures are for seafarers. Others bemoaned the size of their internet allocation,

care of our seafarers.”

About The Mission to Seafarers: The Mission to Seafarers provides help and support to the 1.5 million men and women who face danger every day to keep our global economy afloat. We work in over 200 ports in 50 countries caring for seafarers of all ranks, nationalities and beliefs. Through our global network of chaplains, staff and volunteers we offer practical, emotional and spiritual support to seafarers through ship visits, dropin seafarers’ centres and a range of welfare and emergency support services.

The Seafarers Happiness Index is a barometer of the key issues facing those at sea, conducted every three months. Seafarers are asked ten key questions about their experiences, via an online survey.

About Wallem Group: The Wallem Group is a leading provider of technology driven maritime solutions, offering services supporting the complete lifecycle of a vessel from newbuilding supervision to endof-life recycling guidance. Wallem’s extensive portfolio includes ship management, crewing, training, commercial management, safety and compliance and ship agency services. Wallem operates globally with a shore-based team of 1,000 and more than 7,000 highly qualified seafarers, serving nearly all vessel segments.

About Standard Club Standard Club is a mutual insurance association and member of the International Group of P&I clubs, owned by its shipowner members and controlled by a board of directors drawn from the membership. The club has been insuring shipowners, operators and charterers for their liabilities to third parties for over 100 years and insures about 10% of the world fleet. Standard Club prides File photo

pastures elsewhere.

“Despite the small upswing in data, sentiments and signs of trouble are already showing when it comes to a shortage of replacement crew, reflecting a drain of seafarers. This is also raised in a recent joint open letter by the International Chamber of Shipping, signalling how the shortage of workers will put the supply chain under great threat. Once again, we call upon all key stakeholders to put action to word and take

itself on quality of service to members, and sets great store in responsiveness and support at all times, especially in times of crisis. Claims are managed from one of our 6 international offices, and our global reach is expanded by our correspondent network. We also put an emphasis on financial strength and stability, which has resulted in an S&P A rating and no unbudgeted supplementary calls for over 20 years.

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