Port Wings Maritime Exim Weekly Newspaper 10 November 2021 e-Paper

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Nov. 10th - 16th, 2021 Issue

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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741 Wednesday, November 10, 2021 8 Pages

PM Lays Foundation Stone And Dedicates Various National Highway And Road Projects To The Nation New Delhi Port Wings News Network he Prime Minister, Shri Narendra Modi on 8 November 2021 laid the foundation stone and dedicated various National Highway and Road projects to the nation through video conference. Union Road Transport & Highways Minister, Governor and Chief Minister Maharashtra were among those present on the occasion.

Speaking on the occasion, the Prime Minister said, today the foundation stone of Sreesanth Dnyaneshwar Maharaj Palkhi Marg and Sant Tukaram Maharaj Palkhi Marg has been laid here.

The construction of Sreesanth Dnyaneshwar Maharaj Palkhi Marg will be done in five phases and the construction of Sant Tukaram Maharaj Palkhi Marg will be completed in three phases. He said that these projects will lead to better connectivity with the region and paid his respect to the devotees, saints and Bhagvan Vitthal for their blessings for the projects. He said that faith in Bhagavan Vitthal remained unwavered throughout the turmoils of history and “even today, this Yatra is one of the world’s oldest mass yatras and is seen as a people’s movement, Which teaches us that there may be different paths, different methods and ideas, but we have the same goal. In the end all sects are ‘Bhagwat Panth, It is a symbol of India’s eternal knowledge that does not bind our faith, but liberates”, said the Prime Minister.

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The Prime Minister said the court of Bhagavan Vitthal is equally open to everyone. And when I say Sabka Saath-Sabka Vikas-Sabka Vishwas,

the same sentiment is behind it. This spirit inspires us for the development of the country, takes everyone along, inspires us for the development of all.

Reflecting on the spiritual richness of India, the Prime Minister said service to Pandharpur is the service to Shri Narayan Hari for him. He said this is the land where the Lord resides even today for the sake of the devotees. This is the land about which Sant Namdev Ji Maharaj has said that Pandharpur is there since the world was not even created, he said.

The Prime Minister noted that the specialty of India is that from time to time, in different regions, such great personalities kept emerging and showing the direction to the country. In the south there were Madhvacharya, Nimbarkacharya, Vallabhacharya, Ramanujacharya and in the west Narsi Mehta, Mirabai,

Dhiro Bhagat, Bhoja Bhagat, Pritam were born. In the north there were Ramananda, Kabirdas, Goswami Tulsidas, Surdas, Guru Nanak Dev, Sant Raidas. In the east, the thoughts of saints like Chaitanya Mahaprabhu, and Shankar Dev enriched the country.

Commenting on the social significance of the Warkari movement, the Prime Minister singled out participation of women in the yatra with the same zeal as men as the key feature of the tradition. This is a reflection of the power of women in the country.

‘Pandhari ki wari’ symbolizes equality of opportunity. Warkari movement considers discrimination inauspiscious and this is it great motto, said the Prime Minister.

The Prime Minister wished for three blessings from the Warkari brothers and sisters. He talked about their unabated affectionation towards him. He requested the devotees to plant trees on the Palkhi Margs. Also requested for making arrangements for drinking water along this walkway and many pots should be made available on these routes. He also desired to see Pandharpur among the cleanest pilgrimage sites in India in future.

He said this work will also be done through public participation, when the local people take the leadership of the cleanliness movement under their command, then only we will be able to realize this dream.

The Prime Minister said that most Warkaris come from the farmers community and said that these sons Contd. on page -2

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Time To Reduce Logistics Cost By 5 percent - Piyush Goyal Chennai

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Port Wings News Network he Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal on 8 November said that the inputs given

by Logistics Ease Across Different States Report 2021 can lead the way to bring down logistics cost by 5% over the next 5 years. He was addressing the gathering after the release of the LEADS Report in New Delhi.

Shri Piyush Goyal said that India is committed to build modern infrastructure for the 21st century, at a pace never seen before.

Referring to the recently launched PM GatiShakti Master Plan ,he said that it would revolutionise the next generation of multimodal infrastructure development in the country.

Lauding Prime Minister Shri Narendra Modi’s consistent focus on infrastructure, the Minister said that the initiatives taken by him in Gujarat for 13 years had laid the foundation for Gujarat to consistently stay at the top of the chart in LEADS report He said that the speed of highway construction has increased three fold from ~12 km/day in 2013-14 to 37 km/day in 2020-21 and that there was a four fold increase in Railways Capex from Rs. 54,000 Crore in 201314 to Rs. 2.15 Lakh Crore in 2021-22.

He observed that in the 5 years before 2014, only 60 panchayats could be connected with optical fibre and that in last 7 years, more than 1.5 lakh gram panchayats connected with optical fibre.

Shri Goyal emphasized that efficient logistics was pivotal to

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bring ease and empowerment to businesses as well as citizens. He observed that logistics contributed immensely in our fight against COVID-19 by taking essential supplies including liquid Medical

Oxygen throughout the country during the 2nd wave Observing that logistics is an enabler of multiple visions- From Make in India for the World to Last Mile Delivery, the Minister said that to achieve ambitious targets we cannot afford to walk but we need expressways of Land, Air & Water.

He named Infrastructure, Quality Services & Conducive Regulatory Framework as the three pillars of Resilient logistics. He added that with Competitive & Cooperative federalism, LEADS is creating an Ecosystem for Excellence by bringing in a healthy competitive spirit where everyone is persuaded to improve.

“Rather than just absolute improvement in one State, improvement of logistics across all States, will be a force multiplier for the entire logistics ecosystem”, he said. He lauded Gujarat, Haryana & Punjab for having acquired the top 3 positions respectively.

He applauded the actions taken

by Gujarat Govt against LEADS 2019 recommendations such as the widening of roads, implementation of faceless services in license renewals, expansion of warehousing etc.

He also congratulated the State of Uttar Pradesh for leapfrogging 7 Contd. on page -2

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RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Tuesday/Wednesday

Nov. 10th - 16th, 2021 Issue

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fromFoundation page -1 PMContinued Lays Stone And Dedicates...

Wednesday, November 10, 2021

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Reaching a Milestone

he world’s largest trade deal — which includes China and excludes the U.S. — will come into force in January 2022. It comes as Australia and New Zealand announced they have ratified the agreement.

The Regional Comprehensive Economic Partnership or RCEP was signed last year by 15 Asia-Pacific countries. The countries are the 10 members of the Association of Southeast Asian Nations and five of their largest trading partners China, Japan, South Korea, Australia and New Zealand. Australia said in a statement on Tuesday that its ratification — together with New Zealand’s — paved the way for the deal to enter into force on January 1, 2022, and allowed RCEP to reach a “milestone.”

New Zealand confirmed its ratification in a separate statement on Wednesday.

RCEP will be in force 60 days after a minimum of six ASEAN members and three non-ASEAN signatories ratify the agreement.

ASEAN countries that have ratified the deal so far are Brunei, Cambodia, Laos, Singapore, Thailand and Vietnam, according to the website of Australia’s Department of Foreign Affairs and Trade.

In addition to Australia and New Zealand, other countries outside ASEAN that have also ratified RCEP are China and Japan.

RCEP covers a market of 2.2 billion people and $26.2 trillion of global output.

The partnership will create a trade grouping that covers about 30% of the world’s population, as well as the global economy. It is also larger than other regional trading blocs such as the United States-Mexico-Canada Agreement (USMCA) and the European Union.

Experts said that economic benefits of RCEP are modest and would take years to materialize. Still, the deal was widely seen as a geopolitical victory for China at a time when U.S. economic influence in Asia-Pacific has waned.

It has not been easy for the 15 member nations to finally arrive at the RCEP agreement, in a marathon of 31 rounds of negotiations in eight years. One major matter of contention was the threshold for market access, to which some nations suggested a gradual opening up with conditions and specific scope.

The RCEP member nations have diverse systems and are in greatly varying states of economic development. They include developed nations such as Japan and Australia, emerging economies such as China, Thailand and Vietnam, and lowincome nations such as Myanmar, Lao PDR and Cambodia. Consequently, the negotiations were arduous and protracted.

Overall, through joining the RCEP, the ASEAN nations will benefit from an increase in exports, investment growth and more opportunities to engage in regional supply chains due to greater market access.

The agreement can help more ASEAN SMEs to integrate with regional and global value chains and expand their businesses in the RCEP member nations and the global market. Nevertheless, due to the different states of economic development and industrial structures of the ASEAN nations, they enjoy different degrees of benefits from the RCEP. The implementation of the RCEP agreement will help ASEAN nations to better participate in regional industrial supply chains and strengthen the economic integration of ASEAN with the world and especially in Asia-Pacific.

The biggest regret of the RCEP is India’s eventual withdrawal from the negotiations, which will dampen the influence of the RCEP. India, after all, is a regional power and a rapidly emerging economy. Its significant economic potential, young and abundant labour force and expanding middle class are reasons why MNCs covet the Indian market.

On the surface, there are two main reasons for India’s withdrawal from the RCEP negotiations. First, India wants to protect its weak, domestic industries such as dairy and textiles from direct competition from the products of the RCEP member nations. Second, India is concerned that its trade deficit will further increase after Sample joining the RCEP. Currently, India has trade deficits with 11 of the 15 RCEP member TEXT nations, among which the trade deficits with China and South Korea are the largest.

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However, the fundamental reason for India not joining the RCEP is that it believes that the RCEP is not a mere economic and trade agreement but also of strategic geopolitical significance.

India does not want China to take advantage of the RCEP implementation to gain greater access to the Indian market, thereby securing geopolitical and economic advantages in Asia, especially in South Asia.

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Continued from page -1 of the soil -’Dharti Putras’ have kept Indian tradition and culture alive.

“A true ‘annadata’ unites the society and lives the society and lives for the society. You are the cause as well as a reflection of society’s progress”, the Prime Minister concluded.

About 221 km of Sant Dnyaneshwar Maharaj Palkhi Marg from Diveghat to Mohol and about

130 Km of Sant Tukaram Maharaj Palkhi Marg from Patas to Tondale – Bondale, will be four laned with dedicated walkways for ‘Palkhi’ on either side, at estimated costs of more than Rs. 6690 crore and about Rs. 4400 crore respectively.

During the event, the Prime Minister also dedicated to the nation more than 223 Km of completed and upgraded road projects, constructed

with an estimated cost of over Rs. 1180 crore at different National Highways for boosting connectivity to Pandharpur. These projects include Mhaswad - Piliv - Pandharpur (NH 548E), Kurduwadi - Pandharpur (NH 965C), Pandharpur - Sangola (NH 965C), Tembhurni-Pandharpur section of NH 561A and Pandharpur - Mangalwedha - Umadi section of NH 561A.

Time To Reduce Logistics Cost By...

Continued from page -1 ranks since 2019, highest among all states, driven by policy initiatives, higher infra spending in logistics.

Shri Goyal said that since its inception in 2018, each year LEADS report has followed a progressive methodology to provide a granular insight on the logistics performance at State/UTs level. “LEADS 2021 has gone 2-step ahead in analysis of domestic and EXIM logistics ecosystem of the state” he added.

The Minister said that states have Indispensable role in improving the logistics ecosystem of India. He outlined a number of suggestions for States including framing of State Logistics policy & Logistics Master Plan, use single-window clearance system for logistics establishment of grievance redressal mechanism and enabling if skilling in logistics through State skilling infrastructure He opined that LEADS report would be a handy & practical guide to identify strengths, opportunities & improve the logistics performance of States.

The report ranks the states on the basis of their logistics ecosystem, highlights the key logistics related challenges faced by the stakeholders and includes suggestive recommendations.

The Ministry of Commerce and Industry (MoCI) had launched a study, “Logistics Ease Across Different States (LEADS)” in 2018 with the main objective of ranking States and UTs on the efficiency of their logistics ecosystem.

The first version of the report, LEADS 2018, focused on exportimport trade and assessed the efficiency of the logistics ecosystem in each State and UT. The second edition of the study – LEADS 2019, covered both international and domestic trade.

The LEADS 2021 exercise has gone one-step ahead in analysing domestic and EXIM logistics ecosystem of the state. Specifically,

two improvements have been done in the overall assessment framework.

Firstly, objective parameters have been used along with the perception-based indicators for index formulation.

The objective parameters in the LEADS 2021 Index have been introduced by way of an objective survey instrument administered to the States/UTs and by the inclusion of secondary datasets on logistics across the State/UT level. Secondly, the statistical methodologies to build the index has been updated to get more robust results, given change in the overall framework.

Alternatively, a total of 21 perception and objective variables have been statistically analysed to prepare a composite index basis upon which the states have been ranked.

The perception survey was administered to the four different categories of logistics stakeholders, viz. traders/ shippers, transport service providers, terminal operators, and logistics service providers.

The States’ objective survey collected binary responses in the context of the areas related to policy, institutional framework, current enforcement mechanism, warehousing approvals and processes, smart enforcement, city logistics, drivers’ empowerment, etc. to understand the initiatives taken by the different state governments towards improving the logistics environment in their respective States.

The secondary dataset was compiled with the assistance of the central government ministries, department and associated agencies.

The LEADS survey 2021 was conducted over the period from May to August 2021 in a challenging environment when the COVID crisis was being fought across multiple fronts.

The whole exercise garnered

3771 responses from 1,405 respondents across the country. For representation purposes, states have been ranked in three separate classes including ‘North Eastern States & Himalayan UTs’ and ‘Other UTs’ group.

Gujarat, Haryana and Punjab have emerged as the top performers in the LEADS 2021 index respectively.

Proactive policies, welldeveloped infrastructure and services driven by a responsive Government have helped Gujarat to maintain its rank. Haryana has secured the second position, followed by Punjab.

Within the North Eastern States and Himalayan Region, Jammu and Kashmir is the top ranker followed

by Sikkim and Meghalaya. Delhi stands at the top rank among Other UTs. Uttar Pradesh, Uttarakhand and Jharkhand have witnessed a remarkable improvement in their ranks compared to 2019 LEADS ranking and have emerged as the top improvers.

LEADS is a continuous exercise, and the MoCI is enthused to provide a pivotal role in initiating, creating, and connecting all the stakeholders to bring in the required improvements in the logistics space collaboratively.

With the efforts in the right direction, it is hoped that the vision of logistics cost will be reduced by 5% in the next five years. This will ensure that the Logistics sector serves as an engine of growth and a key driver for transforming India into a five trillion-dollar economy.

Department of Commerce through LEADS will continuously engage with all States and UTs to support, facilitate and promote improvements in the overall logistics ecosystem. Synergies flowing from such a coordinated approach will reduce logistics costs and which, in turn, will act as significant stimulants to PM Gati Shakti National Master plan.

India-Bhutan To Have Seven Additional Entry/Exit Points For Trade New Delhi Port Wings News Network he Commerce Secretary Level meeting was held between India and Bhutan on trade and transit issues, in New Delhi recently.

The Indian delegation was led

by Shri B.V.R. Subrahmanyam, Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India and the Bhutanese delegation was led by H.E. Dasho Karma Tshering, Secretary, Ministry of Economic Affairs, Royal Government of Bhutan.

The two sides held extensive discussions on the current trade and transit issues including measures to further strengthen bilateral trade

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relations and issues of mutual interest, on ways to increase trade connectivity between the two countries. Through Letters of Exchange (LOE), the following seven additional entry/exit points for trade between India and Bhutan were formalized:1. Nagarkata Land Customs Station without commodity restriction.

2. Agartala Land Customs Station as an entry /exit point.

3.Pandu port (Guwahati Steamerghat) as an entry /exit point, subject to cross border control at Dhubri.

4. Jogighopa port as an entry/exit point, subject to cross border control

at Dhubri.

5. Asian Highway 48 connecting Torsha Tea Garden in India and Ahllay in Bhutan as an additional route corresponding to the Land Custom Station at Jaigaon.

6. Kamardwisa as an entry/exit point.

7. Birpara as an entry/exit point.

This will form an addendum to the Protocol of 2016 India-Bhutan Agreement on Trade, Commerce and Transit. This will facilitate India-Bhutan bilateral trade to our mutual advantage.

Since 2014, trade between India and Bhutan has more than doubled from USD 484 million in 2014-15 to USD 1083 million in 2020-21.

Nov. 10th - 16th, 2021 Issue

Chennai Port Creates All Time Record In Cargo Handling & Containers

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Chennai

Port Wings News Network hennai Port has surpassed all its earlier records in cargo handling by handling 44,65,459 Tonnes in October 2021 over and above the cargo tonnage of 39,43,100 Tonnes handled in June 2021.

Chennai Port has recorded landmark performance of Handling of Containers of 1,53,948 TEUs during the month of October 2021 surpassing the previous record of 1,51,754 TEUs during the month of December 2020.

M/s. Chennai International Terminal Pvt. Ltd., has achieved its highest throughput for the month by handling 94,330 TEUs in October 2021 surpassing 93,484 TEUs handled during

the month of December 2020.

Shri. Sunil Paliwal, I.A.S., Chairman, Chennai Port Trust, appreciated the efforts

taken by the Terminal Operators M/s Chennai Container Terminal Pvt.Ltd and M/s Chennai International Terminal Pvt. Ltd., the stakeholders and Port Officials for the above achievement.

Vigilance Awareness Week Celebration Concludes in DCIL

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Vizag

Port Wings News Network he valedictory function of Vigilance Awareness Week (VAW) was held on 01 November 2021 at Dredging corporation of India Limited on the theme – “Independent India @ 75 : Self Reliance with Integrity”.

Shri K Venkata Reddy, Chairman, Andhra Pradesh Maritime Board was invited as the Chief Guest. Prof Dr.G.Y.V Victor, MD & CEO, DCIL along with Shri Pradeep Kumar, CVO DCIL attended the function.

Speaking on the occasion Chief Guest Shri K Venkata Reddy, Chairman Andhra Pradesh Maritime Board said that corruption is a menace and we all need to join hands together to fight against this corruption. He further emphasised that India is a country where 65% of its population is below 35 years of age.

This is an asset for India and we must use the knowledge of our youth towards the direction to fight with the menace of corruption. The successful implementation of this will help to achieve the goal of corrupt free India.

While addressing the employees, Prof Dr G.Y.V Victor, MD & CEO DCIL said that corruption is an evil in the society and he called upon everyone to play a role of equal partners

in the fight against corruption and unethical practices to see the dawn of corrupt free DCI and society. He further emphasised that the theme of Vigilance Awareness week was India @ 75 Self Reliance with Integrity therefore to achieve this he urged all the employees to own this theme and practice in their day to day life which will eventually benefit them and benefit the society as a whole to eradicate corruption.

Shri J Pradeep Kumar, CVO DCIL said there are various guidelines in CVC under which people can raise complaint against any corrupt practices. He said that number of activities have been taken up during the Vigilance Awareness Week. He stated out of the many initiatives undertaken by the Company CVC has made mention of the “E-Office” initiative taken by the Company. He further empahsised that the use of technology is very important tool to fight against corruption. He said the implementation of E- Office in DCIL is a very good example for effective use of technology and urged all the employees to continue with innovative ideas for implementation of technology to eradicate corruption from our day to day life.

The meeting was attended by all the Heads of Departments, employees and also webcast live to all the projects locations across the country.

U.S. Regulator Expects To Find Abuses In Shipping Amid Supply Chain Woes

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Chennai

Port Wings News Network he head of a U.S. commission that oversees ocean transportation said in an interview that he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes, reports Reuters.

A broad range of companies importing goods have been frustrated not only by the pile-up of ships outside harbors but also by higher shipping costs and fees for lapses many say are for problems outside their control.

U.S. Federal Maritime Commission Chairman Dan Maffei said the current mess is largely driven by a demand surge as the U.S. economy emerges from a coronavirus slowdown but added he expected the FMC would find some wrongdoing.

In August, Maffei said the commission had launched an inquiry in response to reports here of ocean carriers improperly assessing fees.

“We need to do a very good and thorough job of investigating,” Maffei told Reuters on Tuesday. “Of course, there’s probably abuses

going on. And, you know, I don’t want to go farther than that.”

In 2020, the FMC said importers should not be hit with demurrage or detention charges, which refer to fees charged when importers delay in picking up containers of goods and then returning them, if the delays are caused by circumstances beyond their control.

Noting one carrier charge was “value added”, Maffei said, “What do they mean by value added? Are they going to gift wrap the metal container?”

The Travel Goods Association, whose companies do $1 billion in U.S. sales annually, pressed the FMC last week here for aggressive enforcement and said shipping costs were now eight to 10 times higher than last fall.

The demand surge has caused unprecedented bottlenecks in the supply chain which economists and businesses expect to persist into 2022.

The White House in a competition executive order issued July this year encouraged the commission to “vigorously enforce the prohibition of unjust and unreasonable practices in the context of detention and demurrage.”

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LogiNext Skills More Than 50,000 Supply Chain Professionals To Drive Digital Transformation Across Logistics Sector

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Chennai

Port Wings News Network ogiNext, a global delivery automation firm on 8 November announced the success of their flagship certification programme. In an age where digitization in logistics management and supply chain is of critical importance, the company has reported a 200% increase in demand for its Certification Program amongst supply chain professionals.

Since its launch in 2019, LogiNext has trained and certified over 50,000 professionals from across the logistics industry in areas of delivery management and digitization using in-house proprietary tool- LogiNext Mile.

The LogiNext certification programme aims to create a pool of talented resources across the global logistics industry, as well as bridge the skill gap, that exists within the sector. In today’s highly digitalized environment that thrives on seamless supply chain management, equipping professionals with highly relevant skill set is the need of the hour. Post certification, professionals are able to add a highly relevant skill set about the most advanced transportation management system to their expertise, as well drive digital transformation across their organisations.

“Digitization and Automation are the way forward when it comes to brands in the Retail, QSR, CEP (Courier, Express, and Parcel), and Transportation (3PLs). Enterprises are undergoing a rapid digital transformation and new jobs are being created for people who can operate a new age transportation automation platform to serve

the needs of the current high tech times,” says Dhruvil Sanghvi, Chief Executive Officer at New York headquartered LogiNext.

“We’ve been leveraging cutting edge of technologies that help progressive brands automate deliveries and improve operational excellence. This Certification Program enables teams within an organization to be up to date with the latest tech in supply chain management and be future ready,” shares Mradul Khandelwal, Global VP of Strategy at LogiNext.

“There is a lot of buzz happening around the logistics automation space and when we were evaluating technology partners, we found LogiNext Mile to be offering the most- both in terms of width and depth of capabilities- and all this with a great ease of use which makes the proposition even more stronger,” shares the digital transformation officer at United States’ second-largest QSR chain.

LogiNext is a global technology company that offers a SaaS Transportation Automation Platform for delivery management. The company helps brands across QSR, CEP, eCommerce & Retail and Transportation to digitize, optimize and automate deliveries.

Growing at an average rate of 100% YoY, LogiNext is headquartered in New York and has 200+ enterprise clients in 50+ countries. The company is backed with $50 million across three rounds of private equity investments by Alibaba-funded companies, Tiger Global Management, and Steadview Capital and has regional offices in Dubai, Mumbai, Delhi, Kuala Lumpur, and Jakarta.

FIR against 10 Pakistan maritime security personnel after fisherman is killed in firing off Gujarat coast

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Mumbai

Port Wings News Network he Gujarat Police have registered an FIR on charges of murder and attempt to murder against 10 personnel of the Pakistan Maritime Security Agency (PMSA) after they fired at an Indian fishing boat in the Arabian Sea off Gujarat coast, killing a crew member and injuring another, an official said on 8 November.

According to a news report in Tribune, the FIR was registered on 7 November night at Navi Bandar police station in Porbandar district, which has territorial jurisdiction beyond 12 nautical miles off the Gujarat coast, under Indian Penal Code Sections 302 (murder), 307 (attempt to murder) and 114 (abettor present when offence is committed), and relevant provisions of the Arms Act, the official said.

As per the FIR, ten unidentified PMSA personnel, five each onboard two boats, are accused of opening fire at the Indian fishing boat ‘Jalpari’ at around 4 pm Saturday, killing one Sridhar Ramesh Chamre (32), a fisherman from Palghar district in Maharashtra.

Another fisherman, named Dilip Solanki

(34), who hailed from Diu, was injured in the firing. He is undergoing treatment at a hospital in Okha coastal town of Devbhumi Dwarka district in Gujarat.

There were seven crew members on the fishing boat.

India has taken serious note of the unprovoked firing by PMSA and will take up the issue diplomatically with the Pakistan side, official sources in Delhi earlier said.

In his complaint, Solanki said seven fishermen on board ‘Jalpari’ were engaged in fishing activities in the Indian waters near the international boundary when 10 PMSA personnel onboard two boats opened fire, killing one of the fishermen and injuring another.

The dead fisherman’s body was brought to Okha on Sunday, and the FIR was registered at night in Porbandar on the basis of a complaint

by Solanki, the official said.

The boat had sailed from Okha for fishing activities on October 25 with seven fishermen onboard, two of whom were from Maharashtra, four from Gujarat and one from Diu (in the Union Territory of Dadra and Nagar Haveli, Daman and Diu), officials said.

SCI Second Quarter Profit Soars 71% At Rs 243 Crore

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Mumbai

Port Wings News Network hipping Corporation of India Ltd (SCI) on Monday reported a 71.26 per cent jump in its consolidated net profit to Rs 243 crore for the second quarter ended on September 30, 2021.

The shipping company had reported a net profit of Rs 141.89 crore in the corresponding quarter of the previous fiscal, it said in a regulatory filing to the BSE. SCI’s total income rose to Rs 1,229.66 crore during the quarter under review from Rs 876.87crore in the year-ago quarter. Total expenses also rose to Rs 996.82 crore from Rs

743.49 crore in the year-ago quarter.

The company said the impact of the second wave of COVID-19 continued in Q2 FY 2021-22.

“The pandemic effect on the crude oil demand and its associated market dynamics had an adverse impact on the Tanker market earnings,” it said.

However, liner freight indices witnessed significant improvement in charter rates, the company said, adding that even with relaxed travel restrictions, crew change continues to be a challenging aspect.

SCI is the largest Indian shipping company and is the only Indian company engaged in transportation of LNG.

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Nov. 10th - 16th, 2021 Issue

Simultaneous Launching Of Five Vessels At CSL Kochi

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Port Wings News Network nion Minister for Ports, Shipping & Waterways and AYUSH, Sarbananda Sonowal inaugurated the simultaneous launching of five vessels at Cochin Shipyard Limited (CSL).

The Minister was in Kochi on a three-day visit, his first to the PSU after taking charge of the ministry.

The vessels were launched by five senior most women employees of CSL The Minister inaugurated the

launching function of three Floating Border Out-Posts (FBOP) for the Border Security Force and two Fully Electric Autonomous Ferries for ASKO Maritime AS, Norway, which are amongst the world’s first Autonomous Ferries.

The Minister lauded CSL for its efforts on contributing towards technological and sustainable solutions for the shipping industry.

He also appreciated CSL on the construction of the country’s first ever Indigenous Aircraft Carrier (IAC), INS Vikrant which is currently commenced its second sea trials, after a highly successful first sea trial.

Sonowal boarded the IAC during the course of the sea trials yesterday along with the Chief of Naval Staff, Secretary, MoPSW, Addl. Secretary, MoPSW and CMD-CSL to witness and review the progress made on this crucial and strategic national project.

The success of the sea trials of the IAC is a true reflection of our Nation’s quest for ‘Atma Nirbharta’, the Union Minister said.

The Minister complemented CSL, Indian Navy, the various OEMs and all the stakeholders involved in the project for this achievement.

The IAC is the largest warship built in the country having a displacement of about 40,000 tonnes. The ship is a mammoth steel structure of 21,500 tonnes of special grade steel developed indigenously and used in Indian Naval Ships for the first time.

The enormity of the ship can be gauged from the appx 2000 kms of cabling, 120 kms of piping and the 2300 compartments available onboard. The shipyard carried out the detailed engineering of the ship using advanced software which enabled the designer to

get a complete 3D view of the compartments of the ship.

It is the first time in the country that a ship of the size of an Aircraft Carrier has been completely modelled in 3D and production drawings are then extracted from the 3D model.

The vessel is powered by four gas turbines in a COGAG (Combined Gas and Gas) propulsion configuration. The IAC is equipped with numerous high end technologies including network centric distributed data processing & control systems, intricate Aviation

Facility Complex, the state of the art weapons and sensors and also has one of the most powerful propulsion and power generation & distribution (PGD) systems to be installed on board any ship to be built in India.

Construction of the IAC has contributed immensely to the Indian economy as it generated a demand in both the upstream industries such as

expansion and capacity enhancement. Through the Maritime India Vision 2030 the Government aims to make India a sought after destination for ship building and ship repair. CSL is a major partner in this endeavour” Union Minister Sarbananda Sonowal said.

The Minister inaugurated ‘Smrithi’, the Ship Model Room at CSL premises, which portrays 50 years of CSL’s rich history.

Smrithi exhibits the major vessels built by CSL over the past five decades. A Coffee Table Book based on CSL’shighly recognized CSR initiatives was also released by the Minister.

During the visit, the Minister conducted a review of the yard’s performance and visited the Ship Building and Ship Repair facilities of CSL. The Minister also had a look at the International Ship Repair Facility being set up by CSL at Willingdon Island, Kochi.

SONOWAL UNVEILS UPGRADED VTMS AT COCHIN PORT TRUST Union Minister for Ports, Shipping and Waterways & Ayush, Sarbananda Sonowal inaugurated the new Radars and Vessel Traffic Management System of Cochin Port Trust.

The VTMS (Vessel Traffic Management System) commissioned in Cochin Port in 2009 has been upgraded with a state-of-the-art system consisting of 2 new radars, 1 AIS Base station, 3 VHF Radios and associated software and hardware installed at a cost of ₹5.8 crore.

JNPT Observes Week-long Vigilance Awareness Week-2021 Mumbai

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Port Wings News Network awaharlal Nehru Port Trust (JNPT), one of India’s premier container handling ports, observed a week-long Vigilance Awareness Week at JNPT headquarters from 26 October to 1 November 2021.

During this week, v a r i o u s competitions like Essay writing, S l o g a n Writing and Elocution, were held for JNPT employees along with a quiz competition especially organized for all women employees. Furthermore, poster making and elocution competitions were organized for college Students.

All employees at JNPT took the integrity pledge on 26 October 2021. An interactive meeting was held with Port Users on 29 October 2021. A workshop on “Independent India @ 75: Self Reliance with Integrity” was conducted by Shri Narendra Panwar, IRTS, Dy. Chief Vigilance Officer, Central Railway.

In addition, two workshops on the theme “Success through Ethical Conduct” were organized for St. Mary High School and R. K. Foundation, JNPT Vidyalaya, JNPT Township.

JNPT also organized an awareness

The Vessel Traffic Management System is an essential tool for enhancing safety of navigation in the port by monitoring and regulating the shipping movements. Apart from navigational safety, the system also enhances security of the port waters by detecting and tracking all crafts moving in the port.

The Minister also inspected the Port infrastructure and project sites including oil terminals, ICTT Vallarpadam, Multi User Liquid Terminal, LNG Terminal and SCB re-construction project, during the tug ride in the Cochin harbour. A neem tree sapling was planted by the Minister in the Administrative lawns of Cochin Port Trust.

Sanjay Bandopadhyaya, Additional Secretary (MoPS&W), Dr. M. Beena, Chairperson, Cochin Port Trust and senior Officers from the Ministry and Cochin Port Trust were present.

Street Plays were organized for JNPT employees on 26 October 2021 and for the local community on 28 October, 2021 at Navin Sheva village.

The eventful week ended on 1 November 2021 with a valedictory function, held at JNPT Training Centre. Prizes were announced to the winners of various competitions.

The Chief Guest of the event, Shri Sanjay Sethi, IAS, Chairman, JNPT addressed the function and stressed on observing integrity in thought process.

Shri Unmesh Sharad Wagh, IRS, Dy. Chairman and Chief Vigilance Officer, Shri Vidyadhar Malegaonkar, IRTS also graced the function. The function was also attended by HoDs and prize winners maintaining COVID safety protocols.

Opening up of Economies Coupled With Buoyant Order Booking Position Further Adds to Positive Sentiment for Exports: FIEO President New Delhi Port Wings News Network eacting to the monthly trade data for October 2021, FIEO President, Dr A Sakthivel said that the monthly exports performance of USD 35.47 billion with an impressive doubledigit growth of more than 42 percent, signifies the importance of opening up and further recovery of economies across the globe coupled with buoyant order booking position across sectors. This has not only added positive sentiment for exports but has also further enthused the exporters to perform with much more vigour and zeal thereby achieving the USD 400 billion merchandise exports target in the current fiscal. The FIEO Chief also praised efforts of the exporting community, who have continued to perform remarkably well during these challenging times.

Dr Sakthivel also welcomed the steps taken by the government under the able and dynamic leadership of Prime Minister, Shri Narendra Modi and also the Union Finance Minister and the Union Commerce & Industry and Textiles Minister for showing confidence and trust on the exporters.

The FIEO President said that the top sectors, which performed

R steel, electro mechanical machinery equipment and also for downstream sectors such as infrastructure and services.

This has led to growth in indigenous design and construction capabilities besides development of large number of ancillary industries, with employment opportunities for 2000 CSL personnel and about 12000 employees in ancillary industries Cochin Shipyard Ltd has a long association with the Indian Navy in the Ship Repair front and all of the Indian Navy’s Aircraft Carriers have undergone their major refits and docking in Cochin Shipyard Ltd only. With the progress in construction of the IAC, the synergy between the yard and the Indian Navy has grown multifold.

The Union Government is extending all support to the yard in its endeavours on geographical

campaign on the theme “Independent India @ 75: Self Reliance with Integrity” on leading radio channels on 28 and 29 October 2021. Furthermore,

impressively during the month were Engineering Goods, Petroleum Products, Gem & Jewellery, Organic & Inorganic Chemicals, Drugs & Pharmaceuticals, Electronic Goods, Cotton Yarn/Fabrics/Made-ups, Handloom Products etc., RMG of All Textiles, Marine Products and Plastic & Linoleum. Dr Sakthivel emphasised that many labourintensive sectors were major contributors, which itself is a good sign, further helping job creation in the country. However, imports yet again clocking over USD 55 billion with a growth of over 62 percent during the month should be analysed, said Dr A Sakthivel.

FIEO Chief is of the view that though the government has announced a slew of measures to support exports, the need of the hour is to soon announce extension of the interest equalisation scheme, augmenting the flow of empty containers and establishing a regulatory authority to seek justification of freight hike and imposition of various charges by the shipping lines need urgent intervention of the government. Dr Sakthivel said that the Federation has also urged the Government to provide freight support to all exports till 31st March 2022 as freight rates have skyrocketed and are likely to sombre by March 2022.

Nov. 10th - 16th, 2021 Issue

Maersk Strengthens Global Air Freight Offering Chennai

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Port Wings News Network .P. Moller – Maersk (Maersk) has announced the intended acquisition of Senator International, a wellrenowned global freight forwarding company with a strong air freight offering.

Furthermore, to expand its own controlled air network, Maersk is adding aircraft to its operations: three leased cargo planes to be operational from 2022 and two newbuilding Boeing aircraft to be deployed by 2024.

Air freight is a crucial enabler of flexibility and agility in global supply chains as it allows companies to tackle time-critical supply chain challenges and provides transport

airfreight operation centered around own controlled capacity using nineteen weekly flights across its network. Senator operates a significant part of their business through a dedicated air bridge with own controlled capacity and ensuring a high service level for its customers.

This focus on own controlled capacity is highly aligned with Maersk´s air freight strategy.

“Founded by my father Uwe Kirschbaum in 1984, Senator has grown to a sizable global freight forwarder. Our employees have always delivered first-class services to our valued customers. Senator’s own controlled air product started in 2016 and has proven to be a success story. Our customers File photo

mode options for high value cargo.

To better cater to customers´ needs, Maersk aims to increase its presence in the global air cargo industry.

To accelerate its product offering which integrates Logistics, Ocean, Rail and Air and expand its global air network, Maersk intends to acquire Senator International, a company with a renowned operational air freight platform of own controlled capacity and operations across Europe, Asia, South Africa, and America.

In addition, Maersk is purchasing two new B777F and leasing three B767-300 cargo planes. To operate and manage this added capacity, the cargo airline Star Air – the internal air cargo operation of Maersk established in 1987 - will become a key vehicle supporting Maersk’s logistics offering.

“As a global provider of integrated logistics, Maersk is improving the ability to provide a one-stop-shop and end-toend logistics capabilities to our customers. We have strengthened our integrated logistics offering through E-commerce logistics acquisitions, tech investments, expanding our warehouse footprint and, as a natural next step, we are now ramping up our air freight capacity significantly and creating a broader network to cater even better for the needs of customers,” explains Vincent Clerc, Executive Vice President and CEO of Ocean & Logistics, A.P. Moller – Maersk.

Joining forces with Senator to create a strong air platform Senator has built a renowned

honor our reliability - particularly in challenging times during the pandemic.

By joining Maersk, we strongly believe that we will be able to deliver an even broader portfolio with own controlled air capacity as well as also in other modes of transportation. Senator´s customers and team will love it,” says TimOliver Kirschbaum, CEO and shareholder at Senator.

The German company brings a technology advantage with its Cargo Wise One core operating platform, a cutting-edge yet easy-to-use single system which will accelerate the integration with Maersk’s Air and LCL (Less than Container Load) products.

The enterprise value of the transaction on a post IFRS 16 basis is approximately USD 644m which based on pro-forma adjusted 2021 EBITDA corresponds to a multiple of 8.0x. The transaction is subject to closing conditions including regulatory approvals and is expected to close in H1 2022.

Maersk’s ambition is to have approximately one third of its annual air tonnage carried within its own controlled freight network.

This will be achieved through a combination of owned and leased aircraft, replicating the structure that the company has within its ocean fleet.

The remaining capacity will be provided by strategic commercial carriers and charter flight operators.

Star Air, Maersk´s air operator As an in-house aircraft operator, Star Air will operate and

maintain owned and leased aircraft for Maersk while continuing to operate air cargo for its current customers.

As an integral part of building the own controlled air capacity, Star Air has purchased two new B777 Freighters to be delivered by Boeing in 2024 and leased three B767-300 Freighters which will be operational next year through Cargo Aircraft Management, the leasing arm of ATSG. “We are delighted to welcome Star Air to the Boeing family of 777 operators and we look forward to many years of partnership as they continue to grow their air cargo division. The market leading efficiency and incredible range of the 777 Freighter will provide Maersk the flexibility to profitably operate the airplane across its large air freight network while helping to deliver on its sustainability objectives,” says Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing.

Achieving carbon neutrality is a strategic imperative for Maersk.

On Air, Maersk will have similar ambitions as on Ocean, including forwarding business where the company is involved with carriers that offer SAF-based (Sustainable Aviation Fuel) solutions as well as own fleet, where Maersk is committed to explore carbon neutral fuels for the Star Air operated fleet of aircraft in line with IATA guidance.

A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 80,000 people.

About Senator International Senator is a leading German freight forwarding company owned and led by the Kirschbaum family who founded the company in 1984.

Senator has +1,700 employees across a global network with 64 offices in 21 countries across Europe, the Americas and Asia.

It operates across three segments: Air freight (65% of 2020 revenue), Ocean freight (30% of revenue) and Logistics & Packaging (5% of revenue). Primary vertical is Automotive, with established and growing exposure within Industrials, Technology and Pharmaceuticals.

In 2020, Senator realized revenues of c. USD 730m and post-IFRS16 adjusted EBITDA of c. USD 50m for 2021, Senator is expected to realise revenues of USD approx.

950m and post-IFRS16 adjusted EBITDA above USD 80m.

About Star Air Star Air has been established by A.P. Moller - Maersk back in 1987.

It currently operates a fleet of 15 aircraft: 12 Boeing 767-200 SF’s, 1 Boeing 767-300BCF and 2 Boeing 767-300F, including aviation licenses and 160 type-rated pilots and 50 certified aircraft mechanics.

Star Air is headquartered in Dragør, Denmark, at the premises of Copenhagen Airport.

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Vigilance Awareness Week Concludes at Paradip Port Paradip

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Port Wings News Network he valedictory function of observance of the weeklong Vigilance Awareness Week

by Paradip Port Trust was held in the Officer’s Club. Shri H.S. Rout, Dy. CVO, Paradip Port Trust, while welcoming the guests, informed about the programmes undertaken

by Vigilance Dept. of PPT for observation of Vigilance Awareness Week at Paradip Port.

Gracing the occasion as Chief Guest Shri P.L. Haranadh said that vigilance is an important organ of any organisation. Honesty and integrity are social capital which contributes to the overall economic development. As Hon’ble Prime

Minister Shri Narendra Modi says that we have to reform our system and procedures, perform better and as a result transform as an organisation, it should be reflected in PPT functioning. As India’s rank has raised many fold in the EASE OF DOING BUSINESS INDEX in

recent years, easy trade across the borders has played a crucial role.

The Port Sector has immensely contributed to this phenomenon. He urged all the employees present to uphold high degree of transparency and effective management to take PPT into greater heights.

Guest of Honour of the occasion Shri A.K.Bose, Dy.Chairman, PPT said that instead of limiting Vigilance to a Single Week, it should be made an integral part of our service life.

With the implementation of online activities the level of transparency in our functioning will increase

significantly.

Thereafter, prizes were given to the winners of various competitions organised among the officers and employees of PPT, local school students during this week. Shri Nihar Ojha, Asst. Engineer, Vigilance, PPT offered vote of thanks.

Insurers Eye Containership Claims With Dismay Chennai

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Port Wings News Network he frequency and size of claims are both climbing, with more than 30 incidents requiring payouts from the 13-member International Group of P&I Clubs’ (IG) pooling arrangements since 2016.

These cover claims between $10m and $100m.

In a presentation to the Insurance Institute of London, the Standard Club’s Deputy Director of Loss Prevention, Capt John Dolan, identified some of the worrying trends and revealed how they are being tackled.

The rapid increase in ship size is a key factor across most risk sectors, with the largest containerships close to tripling in capacity this century.

This has affected the scale of claims in navigation and fixed and floating objects (FFO), he said, in which 18 claims totaling $687m have been handled in IG pool claims since 2016. Container ship fires came next in terms of quantum, with four claims totaling $486m.

The frequency of fires on board containerships resulting in claims of more than $500,000 has more than doubled since 2017, Dolan said, referring to figures from the Nordic Association of Marine Insurers (Cefor).

The risks are, of course, far greater on large ships, he said, highlighting doubts shared by many that moves to provide greater fire-fighting capability would go far enough.

Meanwhile, containers lost

overboard and container stack collapses are also rising in frequency.

There were six cases of boxes lost on the North Pacific, for example, between November 2020 and March 2021. They involved ships operated by Evergreen, Maersk, MSC, and ONE. In the most recent incident, more than 100 containers are thought to have been lost overboard when the 4,253 teu Zim Kingston encountered heavy seas outside the Juan de Fuca Strait, off Vancouver Island, on October 21.

A container stack also caught fire, burning for days, possibly as a result of a container containing potassium amyl xanthate, which can combust spontaneously in the presence of moisture.

Often related to fires, undeclared and mis-declared cargoes are also a growing concern as shippers seek to avoid paying higher rates for dangerous goods shipments.

Dolan highlighted the work of the Cargo Incident Notification System (CINS), set up ten years ago, which monitors the risks posed by certain cargoes, and how they should be handled and stowed. If carried out correctly, many dangerous cargoes can be shipped safely in containers.

CINS publishes specific guidelines on the carriage of certain cargoes, such as calcium hypochlorite, for example, which can self-combust.

According to a CINS incident report, this is thought to have been the cause of a container fire in Jebel Ali. The cargo in the suspect container is believed to have been incorrectly declared as disinfectant.

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Nov. 10th - 16th, 2021 Issue

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AD Ports Group Enters the 2 Indian families fight over 19th-century Construction Logistics Market through shipping magnate’s $1.4 billion fortune Acquisition of 31 New Tipper Trucks Saudi Arabia doesn’t know who to give it to Chennai

Chennai

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Port Wings News Network US$1 billion (S$1.4 billion) fortune left behind by a 19thcentury Muslim shipping magnate who built a guest house for pilgrims to Mecca is being fought over by two feuding families in India, according to a news article in South China Morning Post.

The money has been lying in a Saudi Arabian coffer for decades due to the inability of both the Saudi and Indian governments to adjudicate which of the two families, who live within a few miles of each other in Kannur, Kerala, has the rightful claim.

At the heart of the dispute between the Keyi family, who number around 1,500, and the formerly royal Arakkals, is whether the Muslim spice trader Mayankutty Keyi – who married into the Arakkal family – had any children or not.

Both families have been lobbying the Saudi government for the money but the Saudis, confused by the conflicting claims, have had to ask government after government in India whose claim is genuine. New Delhi, for its part, has been unable to help as it is equally baffled.

The dispute reaches back to the 1870s, when Mayankutty Keyi lived in and ran fleets of ships from the Malabar Coast of Kerala. The culture of north Kerala is predominantly Muslim and embodies many Arab traditions because of the longstanding trade links between the Malabar Coast and West Asia.

Muslims in the area are known as Mappilas.

When Keyi went to Mecca to perform haj, the pilgrimage that every devout Muslim seeks to perform, he was appalled to find there was no decent place to stay.

Keyi used his own money to build a rubath, or rest home, near the Kaaba specifically for pilgrims from Kerala.

Family legend has it that he transported wood and laterite from Kerala in ships that sailed across the Arabian Sea for the seven-bedroom bungalow with a huge hall that was to be the Keyi Rubath.

This tradition was taken up by other Indian Muslim rulers who

built properties in Mecca to house pilgrims from their state, both as a way of helping pilgrims and for status.

For half a century, pilgrims from Kerala stayed at the rest house but what happened to Keyi himself is not clear, apart from that he married into the royal Arrakal family.

Did he stay in Mecca and die there? Or did he die in Kerala?

As to whether he had heirs, that is the crux of the feud between the two families who are fighting, not over ownership of the rubath because it no longer exists, but over the money the Saudi government has paid for it.

Around the late 1950s, the Saudis wanted to expand the area around the Kaaba in Mecca and demolished the rubath, which stood in the way.

At that time the Keyi Rubath was valued at U$100 million. In addition to paying compensation for demolishing the building, the Saudi government also gave the estate a substitute building.

Splitting heirs The Keyi clan insist that the shipping magnate had no children and therefore two greatgrandnephews – C.V. Aluppy Keyi and C.V. Moidu Keyi – are the heirs, along with the battalion of relatives.

“There is actually no dispute. We can prove that Keyi died childless.

We have the documents. The Arakkals are lying when they say that Keyi had a son and a daughter,” said K. P. Nisar, secretary of the Keyi Rubath Action Committee.

Equally adamant are the Arakkals, the family of Mayankutty Keyi’s wife, who say they are the descendants of the magnate’s son and daughter. The Arrakals are the only royal Muslim family in Kerala and trace their lineage back to the 17th century, perhaps even earlier.

Like the Hindus of Kerala, they follow the matrilineal system in which property is passed on through the mother and female relatives.

The head of the dynasty has often been a woman, known as “Beevi”.

The current head is octogenarian Cheriya Bikkunhu Beevi, who was formally appointed as the head of the family in 2019.

The grand durbar, or court, of

the family palace on the coast was turned into a museum in 2005.

With both families putting forth contesting claims, the Saudi government turned to New Delhi for help to find the legal heir but every minister who tried encountered the same quagmire of competing claims.

Letters were sent from Delhi to Kerala seeking evidence.

Committees were formed. The story became a local legend. Yet no indisputable heir emerged.

The Narendra Modi administration renewed government attempts to figure out the true heir after coming to power in 2014. Both families unleashed a fusillade of claims. New Delhi retreated, none the wiser.

Ashraf Ali, 62, one of the relatives of the two great-grandnephews on the Keyi side who has lived most of his life in Dubai working for HSBC, told This Week in Asia that although he personally did not need the money, sections of the vast clan were anxious to get it as they were no longer as rich as they once had been.

“We have decided to set up a trust and 40 per cent of the amount will be devoted to philanthropy. This will be in accordance with Islamic law. We are planning to meet Prime Minister Narendra Modi soon to argue our case and resolve this matter,” Ali said.

This Week in Asia was unable to speak to any member of the Arakkal family despite several attempts.

However, P. V. Sainuddeen, a retired Kannur dignitary who has been a neutral observer of the dispute and is a member of the local Waqf Board (which looks after Islamic properties and land), suggested a third option.

“There is no need to trace who the heirs are, if any. Neither family should claim the money as it is personal property. Let the Saudi Waqf Board use the money for pious and charitable purposes in Saudi Arabia. Using the money that way will be an honour for Indian Muslims,” Sainuddeen said.

Whether the two families embrace that solution, after half a century of bad blood, remains to be seen.

NHAI InvIT Woos Marquee Institutional Investors Chennai

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Port Wings News Network ational Highways Authority of India (“NHAI”) has the largest share under the National Monetisation Pipeline. In this regard, NHAI has announced the launch of its InvIT as a mode to monetise road projects.

The InvIT will initially have a portfolio of five operating toll roads with an aggregate length of 390 kilometers, with more roads planned to be added later.

These roads are located across the states of Gujarat, Karnataka, Rajasthan and Telangana. NHAI has granted new concessions of 30-years for these roads.

In view of the long-term nature of the assets, the units of InvIT were placed with international and domestic institutional investors.

The units have been issued under the private placement route under

SEBI InvIT Regulations, 2014 at the upper valuation band of Rs.101 per unit. The units will be listed on NSE and BSE. NHAI InvIT attracted two international pension funds, namely Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board, as anchor investors, who will hold 25% of the units each.

The balance units were placed with a diversified set of domestic institutional investors comprising pension funds, insurance companies, mutual funds, banks and financial institutions.

NHAI has demonstrated its strong ability to attract a wide variety of sophisticated investors for the National Monetisation Pipeline.

The total enterprise value of the initial portfolio of 5 roads was pegged at Rs.8011.52 crore. NHAI InvIT is funding that through debt of Rs.2000 crore from State Bank of India, Axis

Bank and Bank of Maharashtra.

The balance is being funded by issuing units of Rs.6011.52 crore to international and domestic institutional investors, and NHAI as Sponsor.

Giridhar Armane, Secretary MoRTH and NHAI Chairman said, “We are pleased that NHAI InvIT has been able to garner funds from marquee international and domestic institutional investors to support the Government of India’s National Monetisation Pipeline.

We welcome the two anchor investors - Canadian Pension Plan Investment Board and Ontario Teachers’ Pension Plan Board, and other reputed domestic investors, into NHAI InvIT. The success of this InvIT shall go a long way in achieving Hon’ble Prime Minister’s vision of developing world class infrastructure in the country.”

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Port Wings News Network ICCO Logistics, a subsidiary of AD Ports Group, has acquired 31 tipper trucks as part of their effort to offer broader integrated logistics support to the UAE’s construction and metals manufacturing sectors.

The trucks will join MICCO’s existing ground fleet of 400 plus vehicles that currently service a number of different industry sectors, including the Pharmaceutical, Healthcare, Fresh and General Cargo. The new tipper fleet has a combined transport capacity of over 2,300 metric tonnes and is capable of moving material and supplies between ports, factories, and different development sites across Abu Dhabi and the rest of the UAE. The latest acquisition aims to further diversify the range of services offered by AD Ports Group and enables MICCO to support increased customer demand. The fleet will be fully equipped with pre-installed Fleet Management Systems (FMSi) incorporating and integrating the latest real-time vehicle geo-fencing and telematics technology.

Robert Sutton, Head of Logistics Cluster, AD Ports Group, said: “The addition of the new tipper trucks to MICCO’s already impressive vehicle fleet broadens AD Ports

Group’s logistics offering and helps boost our status as one of the regional and global leaders in the logistics supply chain space.

We are already serving multiple sectors including healthcare, retail, e-commerce, consumer, oil & gas, heavy lift, and polymers, and our entry into the construction sector only underlines our ambition and commitment to diversify our competitive portfolio to serve what is one of the core sectors of the UAE’s economy. Our customers can rest assured that they will be able to easily plug into AD Ports Group’s wide spectrum of integrated services and benefit from our economies of scale.”

Clifford D’Souza, EVP and Chief Operations Officer, MICCO Logistics, said: “As a member of the broader AD Ports Group family, our team at MICCO is working hard to bring our proven service excellence, along with our expanding capabilities, to a new and relatively underserved market segment.

MICCO Logistics commenced operations in 1978 as a freight forwarder, initially serving the oil and gas industries. To date, the company has handled more than 80 per cent of Abu Dhabi’s total oil, gas, and petrochemical projects, and has been steadily expanding into new industry sectors, overcoming challenges with proven success.

“Stay alert against cartelisation and collusion in Government e-Marketplace (GEM)” - Shri Piyush Goyal New Delhi Port Wings News Network “Stay alert against cartelisation and collusion in GEM” said Shri Piyush Goyal, while reviewing the functioning of the Government e-Marketplace (GEM).

The Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal asked the officials to make GEM more affordable and further increase the volume of business.

The Minister asked for bringing more transparency in the system.

He said that operations should be audited regularly to ensure that all technical and financial aspects of GeM stay strong all the time.

The Minister asked the officials to make GeM more user & commerce friendly so that ease of doing business can be further promoted. He also directed officials to significantly reduce and cap the transaction charges so that more traders are attracted to the GeM portal.

CIM asked the GEM team to use AI and further simplify the system. He said that as the volume of operations grow, AI would be needed to bring most appropriate buyers and sellers together for transactions. Use of AI would also act as a watch dog against business malpractices like collusion and cartelisation which often sneak in online business platforms. He cautioned GeM officials to keep a watch on such things. Shri Goyal said that the transparency of the system should be strengthened and

no one should ever get a chance to raise doubts on the integrity of GeM platform.

The Minister was informed that the pilot project to integrate GeM with the Indian Railways E-Procurement System (IREPS) will be launched by next month while the process of integrating GeM with India Post and Ministry of Panchayati Raj is in progress.

Shri Piyush Goyal asked GeM authorities to wrap up the pending audit by the Directorate of Standardisation Testing and Quality Certification (STQC).

The GeM is a 100% Government owned Company setup under the aegis of Department of Commerce for procurement of goods and services by Central and State Government organizations.

Since its launch August 9, 2016, the order value of GeM has grown more than 90 times, - from Rs.422 crore in FY2016-17 to over Rs.38,620 crore last Financial Year with MSMEs constituting 56,7% share of total order value. More than 55,400 Buyers and 30,66,400 Sellers have onboarded the GeM. The portal now provides trade in 16,456 products and 206 Service categories.

The GeM portal was recently declared the winner in the “Best Use of Digital Technology” category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards). The CIPS Awards are one of the leading recognitions around procurement globally, which is conducted under the aegis of The Chartered Institute of Procurement & Supply (CIPS), London.

Nov. 10th - 16th, 2021 Issue

US Import Rates Poised For Rebound As Congestion Worsens Chennai

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Port Wings News Network ll-inclusive container shipping rates from North Asia to North America are increasingly likely to rebound in November as port congestion and supply chain gridlock countered other bearish indicators, reports Platts.

The October downturn in trans-Pacific eastbound premium surcharges was already being reversed by the end of the month.

Although Freight All Kinds rates were expected to remain flat on Nov. 1, shipping lines were asking $10,000-$12,000/FEU for North Asia-to-West Coast North America shipments and $14,000$16,000/FEU for the North Asiato-East Coast North America route, including premium service fees.

Shippers became more averse to paying premium rates earlier this month as their chances of getting goods on store shelves or in distribution centers for holiday shopping season were diminished by widespread US shortages of trucks, chassis, warehouse space and labor. Cargo owners were also concerned that power shortages in China would impact factory production and the earnings that supported high freight rates.

But focused shifted this week to deliveries slated for early next year as the North American supply chain buckled under the strain of cascading import volumes.

“The period of trans-Pacific softness is over,” a US-based freight forwarder said. “More ships are being diverted to the East Coast to avoid congestion on the West Coast, and there is still a lot of demand for consumer goods.”

There were 76 ships at anchor near the Los Angeles-Long Beach port complex on Oct. 28 or drifting nearby in the San Pedro Bay, according to Platts cFlow trade analytics software. Terminals there were piling-up with containers so quickly that the ports will begin issuing hefty surcharges from Nov. 1 if they do not meet strict deadlines in removing their cargoes.

Ships were waiting 10-20 days to berth at Los AngelesLong Beach and up to 28 days at Seattle-Tacoma, where growing stacks of empty containers destined for return to Asia pushed yard utilization to 120%, according to a Maersk advisory on Oct. 20.

MSC announced Oct. 27 that it would omit port calls at Seattle indefinitely to avoid such delays.

“Ports are being overloaded with empties they can’t move, which is going to create a major equipment

shortage in Asia in about foursix weeks,” another US freight forwarder said. “That could spur a further rebound in premium rates early next year.”

Shippers from North Asia to South America were also increasingly burdened with having to pay additional surcharges for space protection, which in practice were analogous to premium service

again in November due to urgency of shipping goods before Lunar New Year in February, although a return to September peak levels of $25,000/FEU appears unlikely for now.

The service quality factor becomes even more crucial in the current scenario as major ports across the globe are grappling with severe congestion.

7

NEWS - BITS AWO Releases Environmental Stewardship Best Practices

The American Waterways Operators (AWO) has released a set of environmental stewardship best practices for the tugboat, towboat, and barge industry. The best practices are intended to inform, support and guide vessel operators’ continuous improvement in the areas of water quality, energy efficiency, air quality, waste management and corporate responsibility.

“Barge transportation is the safest, most environmentally sustainable mode of freight transportation,” said Jennifer Carpenter, AWO President & CEO. “These best practices reflect AWO members’ commitment to continuous improvement as we seek to build on our industry’s natural advantages in fuel efficiency and greenhouse gas emissions and become ever better stewards of the natural resources on which our nation and our industry depend.”

The environmental stewardship best practices are intended to support the diversity of the tugboat, towboat and barge industry by providing a menu of options from which operators can choose based on their unique operational needs.

The best practices will support companies in preventing spills and discharges, reducing energy consumption, reducing air emissions, properly managing waste, and embracing corporate responsibility, with the goal of attainable, impactful improvements to environmental performance.

Crowley Сharters Cleaner, More Powerful Compact Tier IV Ship Assist Tug

fees. All-inclusive rates from China to Chile, which has suffered from a dearth of services lately, were offered as high as $17,000/FEU despite FAK rate quotes in the $11,000-$12,000/FEU range for the same route.

Shipping lines cut out ex-China ports in Asia All-inclusive premium rates from Southeast Asia to North America were rangebound during the week as most shippers have already made bookings for the pre-Christmas sale and the rush to sail goods has slightly eased. But persistent port congestion, delays and equipment shortages prevented rates from moving lower.

Premium rates charged by shipping lines from Southeast Asia to East Coast North America were heard at $19,000-$20,000/FEU, while rates to West Coast North America were in the $16,500$17,000/FEU range. Some coloaders offered all-inclusive rates at $9,000-$12,000/FEU to West Coast North America and $13,000$16,000/FEU to East Coast North America.

Co-loaders buy space on ships in advance and sell it at higher rates with a huge profit margin. The fact that they were offering lower rates than shipping lines reflects the dip in demand, a source based in Singapore said.

The quality of co-loader services is often less than what a shipper would get from a major shipping line, which is why many shippers avoid making bookings with coloaders, the source said. But even co-loader rates may start rising

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“Huge pileups and long queues at ports across the US continue to have a cascading impact on major ports in East China,” an industry source said.

Container volumes at Shanghai port continued their upward climb to a record 34.8 million twentyfoot equivalent units in JanuarySeptember, up 9.9% over the same period last year, data from China’s Ministry of Transport showed.

Across all ports in China, container volumes in September dropped 2% month on month to 24.3 million TEUs. But the January-September figure was up 9.5% year on year to 211 million TEUs. According to Platts cFlow data, the queue of ships waiting at anchor in the Shanghai Region Queue dropped to 23 ships on Oct. 29 from 61 on Oct. 1, while the line-up at the Ningbo-Zhoushan Anchorage inched up to 46 from 44 at the start of October.

In Vietnam and Singapore, port congestion has slightly improved but shippers continue to face equipment shortages.

“Marine lines want to load maximum cargoes from China, so they are cutting capacity in Vietnam and other [ex-China] Asian ports,” a freight-forwarder based in Vietnam said. “It’s very difficult to get space for intra-Asia shipments.”

Shippers face similar challenges in South Asia as low-capacity deployment led to rate increases.

Premium surcharges for Indiato-US East Coast shipments were heard at $2,000-$3,000/FEU on top of FAK rate, up from $1,000$1,500/FEU at the start of the month. All-inclusive premium rates for the route are totaled around $20,000/FEU compared with $16,000/FEU in the first week of October.

Crowley’s ship assist and escort services group has agreed to charter its third Tier IV ship assist tug, Athena.

Athena meets U.S. EPA Tier IV requirements for emissions control technology. The vessel will be equipped with remote monitoring for the improved efficiency of vessel operations and data exchange to further the company’s commitment to reducing the carbon footprint of its fleet.

“Athena will provide innovation and performance for customers in the Pacific Northwest,” said Paul Manzi, vice president, Crowley Shipping. “The first two tugs produced by Diversified Marine and Brusco Tug & Barge have delivered high value and performance to our fleet. They provide a remarkable amount of power in a small footprint while reducing fuel burn and qualifying for Tier IV emissions performance rating.”

Athena follows sister ships Hercules and Apollo from builder Diversified Marine and owner Brusco Tug & Barge. The 77-foot Athena will feature almost 400 more horsepower than Apollo to deliver a bollard pull up to 96 tons, making it the most powerful tug for its size in the U.S.

Damen Shipyards Delivers Custom Electric Fire-Fighting Vessels To Flotte Hamburg

In a ceremony held in the Port of Hamburg, DAMEN handed over twin Fire-Fighting vessels to Flotte Hamburg, a subsidiary of the Hamburg Port Authority (HPA) tasked with implementing low-emission shipping in the city.

With 315 kWh of battery capacity, the state-of-the-art, plug-in hybrid vessels are capable of extended, fully-electric, emissions-free operations in and around the Port of Hamburg. Prag will be operated by Hamburg’s fire service while Dresden will support the HPA, the fire service and other third parties.

The vessels, classed as DAMEN Fire-Fighting Vessels 3508, are completely new designs fitted out to the latest standards. 35.5 metres in length and with a maximum speed of 12 knots, they are equipped to not just fight fires in the port and within the city itself. Their compact size also enables them to undertake other activities including water supply, rescue and recovery, technical assistance and environmental protection. And with their ability to lower their wheelhouses and a draught of just 1.5 metres they can also undertake bridge inspections and maintenance within the city, as well as serve locations that larger vessels would be unable to reach.

Additional versatility comes from the ability to position mission containers on deck for additional fire-fighting equipment and day accommodation for up to 16 firefighters. The installed Fi-Fi systems include remote operation capability, foam pump and control systems, a pre-wetting system, a water spray system around the vessels and internal fire-fighting capability using a Stat-X aerosol fire suppression system. The climate-controlled wheelhouse and dayroom accommodate up to six crew.

CUSTOMS EXCHANGE RATES Notification No.90/2021 (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 4th Nov. 2021

RATE (INR) Import Export 56.80 204.55 61.25 11.85 11.85 88.10 9.75 255.85 54.55 8.90 103.60 21.20 20.55 56.35 5.00 8.85 83.40 8.00 21.00 75.55 66.85 6.55

54.40 192.00 59.05 11.50 11.40 84.95 9.40 239.60 52.20 8.60 100.10 19.90 19.30 54.45 4.70 8.55 80.15 7.55 19.70 73.85 64.45 6.15

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

RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8.

Date of Publication - Wednesday, Posted on Tuesday/Wednesday

8

Nov. 10th - 16th, 2021 Issue

Air Cargo, up 9.1 percent in September, Capacity Remains Constrained: IATA Chennai

T

Port Wings News Network he International Air Transport Association (IATA) released September 2021 data for global air cargo markets showing that demand continued to be well above pre-crisis levels and that capacity constraints persist.

As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, all comparisons below are to September 2019 which followed a normal demand pattern.

Global demand, measured in cargo tonne-kilometers (CTKs*), was up 9.1% compared to September 2019 (9.4% for international operations).

Capacity remains constrained at 8.9% below pre-COVID-19 levels (September 2019) (-12% for international operations).

Several factors impacting global air cargo demand should be noted: Supply chain disruptions and the resulting delivery delays have led to long supplier delivery times.

This typically means manufacturers use air transport, which is quicker, to recover time lost during the production process. The September global Supplier Delivery Time Purchasing Managers Index (PMI) was at 36, values below 50 are favorable for air cargo.

The September new export orders component and manufacturing output component of the PMIs have deteriorated from levels in previous month but remain in favorable territory. Manufacturing activity

continued to expand at a global level but, there was contraction in emerging economies.

The inventory-to-sales ratio remains low ahead of the peak year-end retail events such as Single’s Day, Black Friday and Cyber Monday. This is positive for air cargo, however further capacity constraints put this at risk.

The cost-competitiveness of air cargo relative to that of container shipping remains favorable. Precrisis, the average price to move air cargo was 12.5 times more expensive than sea shipping. In September 2021 it was only three

times more expensive.

“Air cargo demand grew 9.1% in September compared to pre-COVID levels. There is a benefit from supply chain congestion as manufacturers turn to air transport for speed. But severe capacity constraints continue to limit the ability of air cargo to absorb extra demand. If not addressed, bottlenecks in the supply chain will slow the economic recovery from COVID-19.

Governments must act to relieve pressure on global supply chains and improve their overall resilience,” said Willie Walsh, IATA’s Director General.

To relieve supply chain disruptions, including those highlighted by the US on supply chain resilience on the sidelines of last weekend’s G20 Summit, IATA is calling on governments to: Ensure that air crew operations are not hindered by COVID-19 restrictions designed for air travelers.

Implement the commitments governments made at the ICAO High Level Conference on COVID-19 to restore international

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connectivity. This will ramp-up vital cargo capacity with “belly” space.

Provide innovative policy incentives to address labor shortages where they exist.

September Regional Performance Asia-Pacific airlines saw their international air cargo volumes increase 4.5% in September 2021 compared to the same month in 2019.

This was a slowdown in demand compared to the previous month’s 5.1% expansion. Demand is being affected by slowing manufacturing activity in China. International capacity is significantly constrained in the region, down 18.2% vs.

September 2019. Looking forward, the decision by some countries in the region to lift travel restrictions should provide a boost for capacity.

North American carriers posted a 19.3% increase in international cargo volumes in September 2021 compared to September 2019. New export orders and demand for faster shipping times are underpinning the North American performance.

International capacity was down 4.0% compared to September 2019, a slight improvement from the previous month.

European carriers saw a 5.3% increase in international cargo volumes in September 2021 compared to the same month in 2019.

This was on a par with August’s performance (5.6%). Demand was strongest on the large North Atlantic

trade lane (up 6.9% vs September 2019). Performance on other routes was weaker. Manufacturing activity, orders and long supplier delivery times remain favorable to air cargo demand. International capacity was down 13.5% on September 2019.

Middle Eastern carriers experienced a 17.6% rise in international cargo volumes in September 2021 versus September 2019, an improvement compared to the previous month (14.7%).

International capacity was down 4% compared to September 2019.

Latin American carriers reported a decline of 17.1% in international cargo volumes in September compared to the 2019 period, which was the weakest performance of all regions. This was also slightly worse than the previous month (a 14.5% fall). Capacity in September was down 20.9% on pre-crisis levels, an improvement from August, which was down 24.2% on the same month in 2019.

African airlines’ saw international cargo volumes increase by 34.6% in September, the largest increase of all regions for the ninth consecutive month.

Seasonally adjusted volumes are now 20% above precrisis 2019 levels but have been trending sideways for the past six months. International capacity was 6.9% higher than pre-crisis levels, the only region in positive territory, albeit on small volumes.

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