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

Wednesday, October 6, 2021

8 Pages

Centre Approves Continuation Of NEIA, Rs 1,650 Crore Capital Infusion Chennai Port Wings News Network n line with a series of measures to provide a boost to the exports sector the Union Government has approved capital infusion contribution of Grant-inaid (Corpus) of Rs1,650 crore to National Export Insurance Account (NEIA) over a period of five years, i.e. from FY 2021-2022 to FY 20252026.

NEIA Trust was established in 2006 to promote project exports from India that are of strategic and national importance. The NEIA Trust promotes Medium and Long Term (MLT) /project exports by extending (partial/full) support to covers issued by ECGC (ECGC Ltd, formerly known as Export Credit Guarantee Corporation of India Ltd.) to MLT/project export and to Exim Bank for Buyer’s Credit (BCNEIA) tied to project exports from India.

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The capital infusion in NEIA Trust will help the Indian Project Exporters (IPE) to tap the huge potential of project exports in focus market. Support to project exports with Indian content sourced from across the country will enhance File Photo

the manufacturing in India. Corpus contribution of Rs1,650 crore will enhance the underwriting capacity of the Trust and will enable NEIA to support project exports worth Rs 33,000 crore at full capacity

utilization that in turn will translate into an estimated output of domestically manufactured goods to the tune of Rs 25,000 crore approximately.

In addition, assuming an average 75% Indian content in the projects, in terms of the report ‘Export to Jobs’ by World Bank and International L a b o u r Organisation, it is estimated that around 12000 workers will move into formal sector. Further, the total workers (number of both formal and informal) will increase by 2.6 lakh in the relevant sectors as per estimates based on the report.

NEIA- Performance highlights 1. The NEIA Trust was set up Contd. on page -2

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Wing 8 Feather 8

New Delhi Port Wings News Network xporters globally have been suffering from extremely high freight rates and container shortages. In many cases container shipping rates have increased 5 times or more, and waiting time for empty containers needed to ship exports have extended to several weeks, according to a report in Business Line.

There is no doubt that a lot of this has to do with genuine disruptions brought about the global pandemic.

But by early 2021 consumption, production, and trade had largely recovered from the initial shock and rebounded to the pre-pandemic normal.

While global container shipping lines have registered record profits, exporters and trade have continued to suffer from delays, unavailability of containers, and steep increase in container shipping rates. Exporters in India too, have been reaching out

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to government for relief.

Finding the appropriate regulatory instruments to curb unfair trade practices by shipping lines and bring transparency to their pricing has been part of India’s National Trade Facilitation Action Plan (NTFAP) agenda since 2017.

The policy developments in the US on this issue are pertinent for two reasons. First, being one of the biggest consumers of container shipping services, policy in the US would have global ramifications.

Second, the US policy response might have important lessons for regulators in India, and other G20 economies.

US initiatives Based on the complaints received by industry associations, the US Federal Maritime Commission (USFMC) undertook an inquiry which established that there were indeed problems in the way container shipping lines were imposing charges for demurrage and detention, and there was a need for much greater oversight and transparency.

Based on these findings the USFMC issued a set of interpretive rules for detention and demurrage in 2019 and 2020. The pandemic only Contd. on page -2

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Oct. 6th - 12th, 2021 Issue

Centre Approves Continuation Of NEIA...

Continued from page -1

Wednesday, October 6, 2021

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Wing 8 Feather 8

The Elevated Cost

he detailed project report for the long-pending PortMaduravoyal expressway project will be completed within three months, the state highway department said recently.

The elevated corridor which was started in 2008 was a non-starter for several years.

It started with a bang during the DMK regime but was stalled for want of environment clearance and issues related to alignment when the AIADMK returned to power in 2011.

The stalled 19-km Chennai Port-Maduravoyal Elevated Expressway Corridor for which the former Prime Minister Manmohan Singh laid the foundation way back in 2009 for Rs1,468 crore. L&T has been asked to give a new design to build a two-layer corridor.

Some eight years later the National Highway Authority of India (NHAI) has proposed to redesign the corridor and accordingly the project has been modified into a double-deck flyover at a cost of Rs 5,000 crore.

The state highway department has also confirmed the proposal.

According to the new proposed design, the upper deck would be used by the heavy vehicles like trucks and the lower deck could be used for public vehicles.

The redesigned corridor will have ramps and exit at 13 places. including Chinthatripet, Monteith Road, Binny Road, Spurtank Road, Aminjikarai Police Station, Kamaraj Salai, Sivananda Salai, College Road and Arumbakkam .

The previous project design envisaged only six entry and exit points. Review work on the service roads to constructed underneath the flyover is underway. Once completed this will be the first double-deck corridor in the country and will help cut the transporters time to reach the Port destination within 30 minutes instead of 3 hours.

“L&T will give a new design for the project within a month,” said Nitin Gadkari, Union Minister for Road Transport & Highways and MMSE. “A design was presented to me on the project, but I rejected it. I have suggested that they take a good consultant and make it a two-layered flyover,” he said reviewing various National Highway projects in Tamil Nadu.

“At the ground level, there will be a road; above it, there will be a flyover and another above that. The suggested change is because the traffic density is very high,” he said.

“I had a discussion with them (consultants) today. We will clear it. We will find all solutions as far as traffic jams and pollution is concerned. The flyover is very important for the Chennai port also.

Traffic for the port will directly go in the flyover and the project will reduce the traffic congestion in Chennai,” he said.

The elevated corridor begins at Chennai Port Gate No. 10 and travels along the bank of the Cooum River till it reaches Koyambedu and along the median of NH4 thereon till it reaches Maduravoyal.

The project got the environment clearance in February 2011, and during the same month, the port handed over a cheque for Sample Rs 50 crore to the NHAI as part of its contribution to the project.

TEXT However, the State government asked the contractor to stop work in 2012 due to realignment issues. When initial objections were raised by the State government, NHAI then suggested several alternatives, but all were rejected.

In 2018, the NHAI had terminated the agreement with the contractor with only 20 per cent of the 19-km road completed.

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Continued from page -1 in 2006 to promote Medium and Long-Term (MLT)/ project exports by enabling credit and political insurance 2. NEIA supports projects which are commercially viable and are strategically important 3. The corpus commitment of GOI is Rs.4000 crore and Maximum Liability Permissible is 20 times of the actual corpus 4. The contribution received from the Government of India over the years, as of March 31,2021 was Rs.3,091 crore 5. Since inception, NEIA has extended 213 covers, with a consolidated project value of Rs. 53,000 crores, to 52 countries as of 31st August 2021 6. Its impact in enabling project exports has been most significant in Africa and South Asia.

Various Export Related Schemes and Initiatives taken by Govt. in last few years 1. Foreign Trade Policy (201520) extended upto 30-09-2021 due to the COVID-19 pandemic situation

Continued from page -1 made things worse, leading to calls for more robust regulation.

In response a formal Fact-Finding Commission (FFC) was set up to investigate a larger set of issues.

The FFC report released in July 2021 made a case for stricter regulation of the shipping industry stressing that there was an intrinsically unequal relationship between large global shipping conglomerates and their customers, especially MSMEs. Normal channels for contract dispute resolution were considered inadequate since MSMEs seeking legal or regulatory remedy might be subjected to retaliation from the powerful shipping lines and the costs of litigation could be very steep.

US President Joe Biden issued the Executive Order on Promoting Competition in the American Economy, July 9, 2021 which required the USFMC to strictly enforce the prohibition of unjust and unreasonable practices by shipping lines.

However, industry observers felt this didn’t go far enough, and there was need for legislative changes for stricter regulation. Consequently, Congressmen Garamendi and Johnson introduced the Ocean Shipping Reform Act of 2021 in August with bipartisan support from Democrats and Republicans.

The contents of this draft law should be of interest to Indian policy-makers for meeting of the NTFAP. Of specific interest are the following elements of the draft law. (i) Providing for strict rules to prevent unreasonable demurrage and detention charges (ii) Putting the burden of proof for establishing the reasonableness of any demurrage or detention charges on shipping lines and not the shippers (iii) Requiring shipping lines to maintain all records supporting the assessment of any demurrage or detention charges for 5 years, thereby ensuring transparency. Such records are to be accessible to the regulator on demand. (iv) Measures to ensure reasonable availability of containers needed for US exports (v) Measures that ensure allocation of space on vessel for US exports and ensure that shipping lines do not unreasonably decline export cargo (vi) Prohibition against retaliation against a business by shipping lines by their refusing, or threatening to refuse cargo space, or resort to other unfair methods because the shipper has patronised another carrier, or has filed a complaint against a shipping line.

Introduction of the law has a caused a buzz. The maritime

regulators of the three big trading economies, i.e., US, EU, and China held their biennial summit in September. While it was not officially acknowledged, the challenge posed by unilateral regulation of what is essentially a global industry must have dominated the meeting agenda.

Global cooperation would be the ideal situation, with perhaps the G20 providing a forum for such regulatory collaboration. But India and other G20 economies could also learn from the US example, and strengthen their own national legislation first to initiate reforms.

The impact of the policy moves in the US is already being felt. On September 9, CMA-CGM, the world’s fourth largest container shipping line, announced that they will stop all spot-rate increases immediately.

A competitive market cannot function without effective regulation, especially under an oligopolistic structure.

Indian policy-makers need to follow developments in the US closely when considering policy options to support Indian businesses get fair and equitable access to container shipping services.

This is also imperative for the success of Indian exports and the country’s successful participation in global value-chains.

Allcargo Logistics eyes potential stake sale in ECU Worldwide

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food processing sectors, is under implementation 7. Promoting and diversifying services exports by pursuing specific action plans for the 12 Champion Services Sectors 8. Promoting districts as export hubs by identifying products with export potential in each district, addressing bottlenecks for exporting these products and supporting local exporters/manufacturers to generate employment in the district 9. Active role of Indian missions abroad towards promoting India’s trade, tourism, technology and investment goals has been enhanced 10. Package announced in light of the covid pandemic to support domestic industry through various banking and financial sector relief measures, especially for MSMEs, which constitute a major share in exports 11. Trade Infrastructure for Export Scheme (TIES), Market Access Initiatives (MAI) Scheme and Transport and Marketing Assistance (TMA) schemes to promote trade infrastructure and marketing.

Regulating The Choppy Shippin...

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SUBSCRIPTION

2. Rs 56,027 crore released in September 2021 to liquidate all pending arrears under all script base Schemes to provide liquidity in the COVID-19 times 3. Roll out of a new Scheme - Remission of Duties and Taxes and Exported Products (RoDTEP).

Rs 12,454 crore sanctioned for the Scheme in the FY 2021-22. It is a WTO compatible mechanism for reimbursement of taxes/ duties/ levies, which are currently not being refunded under any other mechanism, at the central, state and local level 4. Support to textiles sector was increased by the remission of Central/ State taxes through the ROSCTL scheme, which has now been extended till March 2024 5. Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase FTA utilization by exporters 6. A comprehensive “Agriculture Export Policy” to provide an impetus to agricultural exports related to agriculture, horticulture, animal husbandry, fisheries and

Chennai

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Port Wings News Network argo and air freight logistics firm ECU Worldwide is looking to raise funds and has appointed Jefferies Financial to evaluate options, its Mumbai-based parent Allcargo Logistics NSE 1.73 %, reports ET. The Indian company is working

with an adviser on a potential minority or majority stake sale and is seeking a deal that would value ECU at about $1 billion, Bloomberg News reported on Monday evening.

“It is premature to comment on what percentage of stake we will actually sell and at what value,” Allcargo Chief Strategy Officer Ravi Jakhar told Reuters.

ECU worldwide, a unit of Allcargo Logistics, offers cargo or container space on ships to customers across the globe. It has a nearly 40% market share in ocean freight consolidation in the Nordic region.

On valuation, Jakhar said the company does not have any guidance and any numbers mentioned by any third party are “purely speculative”.

Oct. 6th - 12th, 2021 Issue

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Adani’s Colombo entry turns India’s transshipment ambitions on its head Mumbai

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Port Wings News Network ndia’s ambition to set up container transshipment hubs within the country to send and receive cargo containers , instead of routing them via Colombo port, has been turned on its head with the Adani Group winning a deal to build a terminal in the island nation’s main port, says a BusinessLine report.

An incident in 2006 will demonstrate the significance of this development and put it in context.

D P World saga In March 2006, the Dubaigovernment-owned D P World acquired P&O Ports, then the world’s fourth largest port operator, giving it access to a large portfolio of global port assets. This included a 16.25 per cent stake in South Asia Gateway Terminals (SAGT) in Colombo port.

D P World’s stake in SAGT raised concerns in India. This was because a year earlier in February 2005 it had signed a concession agreement -- after winning a public auction -- to build India’s first container transshipment terminal at Vallarpadam in Cochin Port Trust that was designed to cut India’s dependence on Colombo port, thus saving extra time and cost for exporters and importers.

A container transshipment terminal acts like a hub, into which smaller feeder vessels bring cargo containers which then gets loaded onto larger ships for transportation to final destinations. Larger vessels bring about economies of scale, and lower the cost of operations for shipping lines, which then translates into lower freight rates for exporters and importers.

Due to depth restrictions, large container ships cannot call at India’s ports.

The government’s policy managers felt that D P World would not develop the Vallarpadam facility to its full potential if it held stake in a terminal in rival Colombo port and had conveyed this concern to the Dubai company. Aside the small stake, D P World’s status as the main operator of SAGT roiled India more.

“D P World sold its stake to the majority partner of SAGT and exited the terminal because it did not make sense in having an equity interest in Colombo port when we were focused on developing the Vallarpadam container transshipment terminal,” said a former executive with D P World who was closely involved in building the terminal.

“There was no point in holding stake in a terminal in Colombo port when Vallarpadam was being created

by D P World as a transshipment hub to compete with Colombo,” he recalled.

It’s a different matter that Vallarpadam has not lived up to the expectations/mandate for which it was created, even a decade after starting operations in February 2011.

While the government was concerned then about D P World’s equity stake in a terminal in Colombo impacting India’s transshipment plans when it was developing Vallarpadam, will the

announcement from Adani Ports and Special Economic Zone Ltd (APSEZ) on building the West Container Terminal (WCT) at Colombo as the lead partner holding 51 per cent stake in a consortium when it is setting up a container transshipment port at Vizhinjam near Thiruvananthapuram in Kerala, raise similar fears now? Particularly when the Vizhinjam project is being supported with viability gap funding from the Central and State governments.

Port consultants say that much water has flown between 2006 and now, making any possibility of such concerns irrelevant.

International geo-politics APSEZ’s announcement to develop the WCT in Colombo, as a nominee of the Indian government, has more to do with international geo-politics than with container transshipment, said a consultant.

“We will take further steps to make V O Chidambaranar Port Trust (VOCPT) a transshipment port on India’s east coast,” Modi said, adding to similar views made

by Shipping Minister Mansukh Mandaviya on several occasions earlier. VOCPT has made no secret of its transshipment aspirations and was buoyed by the PM’s statement.

“India has been successful so far in keeping China out of its ports sector. But, it is concerned over China’s advancement closer to India, strategically and politically, through its presence in Colombo port terminal,” he said, while arguing in favour of Indian presence in Colombo.

There is also a view that India walked into a trap set by Sri Lanka to neutralise China’s influence in the region.

“Everyone knows the challenges Sri Lanka is facing over Chinese investments. China literally owns Sri Lanka. Sri Lanka also knows that India is keen on getting a presence in Colombo port to check China.

Having an Indian entity to run a terminal in Colombo port is also the best way to ensure that its container transshipment business is protected as Indian cargo containers account for a huge chunk of Colombo’s transshipment volumes,” the consultant said.

“If India doesn’t develop WCT, someone else will do it. Competition or not, anybody else, more so a Chinese firm, developing WCT would have cost India dearly strategically and politically. That’s the whole idea of the government,” he said. “So, from a national perspective, if an Indian entity develops WCT, why not? The revenues will come to India,” he said.

Yet, the announcement from India’s biggest private port operator that it would build the WCT in Colombo flies in the face of public posturing by government officials on promoting container transshipment hubs within India.

No less a person than Prime Minister Narendra Modi himself alluded to this at the opening of the Maritime India Summit on March 2.

‘Lost opportunity’ “India doesn’t have a proper strategy on container transshipment,” said the consultant mentioned earlier. He blamed the Indian government for not creating a conducive environment that would have helped transshipment to bloom within India. He was particularly critical of the delay in permitting foreign flagged container ships to carry cargo between Indian ports by easing a so-called cabotage rule.

“When there was a capacity crunch in Colombo more than a decade ago, that was the right time to establish India as a transshipment hub. But the Indian government dithered on easing cabotage rule, lost precious time and let the opportunity slip,” the consultant said, adding that India’s rules and regulations did not favour transshipment.

By the time cabotage was relaxed, Colombo had built up more capacity, adding to India’s woes.

Lack of depth and the high vessel related charges in India, particularly at Cochin Port, have been cited for Vallarpadam’s inability to realise its true potential. The vessel related charges at Colombo are cheaper than in Vallarpadam, despite Cochin Port Trust offering steep discounts to promote transhipment.

“With more transshipment hub capacity coming up at Colombo, rates will come down, further widening the rate gap with Indian ports,” said a shipping industry executive.

“Container transshipment doesn’t make sense anymore in India,” he said.

Maritime India Vision 2030 Where does this leave the governments container

transshipment hub ambition for India?

Indian Ports handled about 16.1 million twenty-foot equivalent units (TEUs) in 2019. Nearly 75 per cent of this cargo was gateway (12 million TEUs), while about 25 per cent was transshipped en-route to final destinations.

Currently, nearly 75 per cent of India’s transshipped container is handled at ports outside India.

Colombo, Singapore and Port Klang handle more than 85 per cent of this ,with Colombo alone handling about 2.5 million TEUs. India needs to set up transshipment port alternatives that can match competing international ports with regard to location, draft and overall cost economics, according to the Maritime India Vision 2030, a ten-year blueprint for the maritime sector unveiled by Prime Minister Modi on March 2.

Indian ports lose up File photo to $200-220 million of potential revenue each year on transshipment handling of cargo originating/destined for India. The loss is even higher when considering the opportunity to handle cargo emerging from other countries in the region, the Vision document said.

“Given the extra port handling charges incurred at the transshipment hubs, transshipment of cargo results in logistic cost inefficiencies for Indian industry. The additional port handling cost is to the tune of $80-100 per TEU, which could be saved if the container was imported/ exported as direct gateway cargo instead of being transshipped,” the Vision document pointed out.

With 75 per cent of the country’s transshipment cargo being handled at international ports, this makes Indian industries vulnerable to increase in costs, potential inefficiencies, and congestion issues and creates long-term risks for India’s trade competitiveness, it said.

A strong economic case, therefore, exists for enabling a transshipment hub in Southern India that can attract Indian and regional transshipment traffic from the current hubs, save significant revenue loss, reduce logistics inefficiencies for Indian trade, reduce risks to country’s export competitiveness and create an opportunity for India to become a large hub for Asia-Africa, Asia-US/ Europe container traffic trade.

Vizhinjam, Kanyakumari region and Campbell Bay are promising locations given their position at approximately 6-10 nautical miles (NM) deviation (0.5-1 hours) from the Suez route with potential for deep draft of 20 metres, factors that influence selection of transshipment locations.

Accordingly, the Vision document has suggested prioritizing

development of Vizhinjam in the short-term (1-3 years) by providing required support from the Central government.

It also suggested setting up additional transshipment hub in the Kanyakumari region (5-8 years), Campbell Bay (5-8 years) in a phased manner and to enhance transshipment volumes at Vallarpadam (1-2 years).

Adani plans All these grand plans appear to make little sense now with Adani’s entry into Colombo port with a transshipment terminal designed to handle 3.5 million TEUs a year.

Port and shipping industry sources say that Adani will leverage the Colombo hub to support their Indian terminals.

Adani need not use Indian flag ships to link Colombo with its ports in India.

Adani’s strategy at WCT with regards to its existing container terminals in India has been spelt out

by Karan Adani, the chief executive officer and whole-time director of APSEZ. The project is expected to boost WCT’s container handling capacity and further consolidate Sri Lanka’s locational advantage as one of the world’s top strategic nodes along the busiest global transshipment route, he explained.

“Colombo port is already the most preferred regional hub for transshipment of Indian containers and mainline ship operators with 45 per cent of Colombo’s transshipment volumes either originating from or destined to an Adani port terminal in India,” Karan said.

The network impact of this partnership is expected to benefit from the string of seven container terminals across the 12 ports that APSEZ operate along the Indian coastline handling an annual volume of over 6 million TEUs. This partnership will multiply and accelerate the transshipment options that will become available to serve various shipping lines and other potential port customers across the South Asian waters, benefiting both, India and Sri Lanka in multiple ways, he said.

“The partnership on WCT is a continuation of the deep and mutually beneficial strategic relationship between two neighbouring nations whose history is deeply intertwined.

The combination of the strategic location of Colombo port as a launching point for transshipment across the entire subcontinent, the deep domestic strength of SLPA and John Keells Holdings PLC (local partners in the WCT consortium) and the Adani Group’s unmatched network of container terminals across the Indian coastline opens up several dimensions of growth possibilities for years to come, not just within our two countries but also to the east as well as the west of our two nations”, Karan added.

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Oct. 6th - 12th, 2021 Issue

Kyrgyzstan Can Be Gateway For 200 Million Consumer Market Of Eurasia Mumbai Port Wings News Network “India and Kyrgyzstan are united by an ancient, rich history and traditional values. We wish to bolster our relations through mutual cooperation in trade & commerce.

Kyrgyzstan is an open and friendly country with stable political climate, freely convertible currency and cosmopolitan culture. There are more than 300 companies operating in Kyrgyzstan with partnership from Indian firms. The number of Indian tourists in Kyrgzstan grew 15 times after the introduction of e-visa system. On the other hand, Kyrgyz medical tourists have spent more than USD 5 million in India in the last two years. Indian pharmaceutical companies have signed more than 35 joint ventures with Kyrgyzstan and there are more than 15,000 Indian students pursuing medicine in our country.

Agriculture is one potential sector for mutual cooperation. Already, Kyrgyzstan is importing pineapple, tea and other agro products from India and in future there is scope for sourcing vegetables from this country,” said H. E. Mr. Asein Isaev, Ambassador, Embassy of the Kyrgyzstan at an interactive session at WTC Mumbai.

The event was organized jointly

by World Trade Center Mumbai and All India Association of Industries (AIAI) in association with Indian Chamber of International Business (ICIB).

Speaking about the attractiveness

of business environment in Kyrgyzstan, the Ambassador pointed out, “The new government of Kyrgyzstan is committed to protect the interests of foreign investors, which falls under the personal supervision of President Mr. Sadyr Japarov. Foreign investors can open a company in Kyrgyzstan in just two steps and can get all mandatory licenses in eight days.

Our government is willing to provide free land and electricity to Indian pharmaceutical companies willing to set up plant in Kyrgyzstan. There is blanket tax holiday for the first five years. Companies in Kyrgyzstan have preferential market access to a population of more than 1 billion across Central Asia, CIS, European Union and other countries.”

Highlighting the potential sectors for collaboration, H.E. Mr. Isaev informed, “Mining, pharmaceuticals, agriculture, tourism and hyrdropower. Mining, especially gold mining, accounts for around 60% of our GDP. Tourism is another potential sector as the country has around 1,923 lakes, 94% of land is covered by mountain and there are more than 40,000 rivers & streams. ” Earlier in his welcome remarks, Dr. Vijay Kalantri, Chairman, World Trade Center Mumbai said, “As Kyrgyzstan celebrates 30 years of Independence, we should take resolve to triple bilateral trade volume in the next three years as the current level of USD 44 million is below the true potential. WTC

Mumbai is committed to host trade delegation from Kyrgyzstan in future and we will also create awareness about potential areas of partnership among Indian industry. Both sides have untapped potential to collaborate in tourism, entertainment, pharmaceuticals, textile, engineering, machinery etc. Indian companies can set up manufacturing operations in Kyrgyzstan and make it a gateway for entry into Eurasia and the CIS market of more than 200 million consumers.”

Mr. Kalantri suggested that the central Asian countries can introduce one common visa for the entire region to promote trade & investment, instead of having separate visas for different countries.

He also called for greater ties between Mumbai, the commercial capital of India and Kyrgyzstan. He suggested, “Mumbai, which is the capital of the most industrial state Maharashtra, can be a potential hub for promoting bilateral relations.

The Embassy of Kyrgyzstan in India can have a dedicated secretariat in Mumbai to receive trade enquires and facilitate mutual trade and commercial relations.”

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

The interactive session was attended by members of trade & industry, financial institutions, academia, government officials, including consular corps and others.

Adani Vidya Mandir students bring learnings from Bapu’s life to city airport Chennai

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Port Wings News Network th October, 2021: which is celebrated as Gandhi Jayanti each year, holds a special significance for Ahmedabad – where Bapu resided after returning from South Africa. The city has witnessed his great contributions for India’s freedom struggle and is home to the Sabarmati Ashram. On the occasion of his 152nd birth anniversary, 32 students of standard VIII to XI of Adani Vidya Mandir, Ahmedabad (AVMA) enacted the life and values of Mahatma Gandhi at the Sardar Vallabhbhai Patel domestic airport by performing a flash mob. Adani Vidya Mandir is a flagship school of Adani Foundation, the CSR arm of Adani Group.

Titled “Saluting the Mahatma”, the AVMA students’ performance aimed to pay tributes to the Father of our nation who led the fight

for independence through nonviolence. It was a humble attempt to commemorate his life and remember his values by taking the artistic route.

The unique celebration was replete with music, dance and creativity. It was a medium to not only inspire the students but also the passengers at the airport, prompting them to reflect and relive on Gandhian

amongst many other things. We believe that there is no better way to learn than through actions and creative expressions,” she said.

In this flash mob, the entire Ahmedabad airport team extended

principles.

Hon’ble trustee of AVMA Smt Shilin Adani wishes that the students understand and take pride in India’s rich history and culture. “It was Bapu’s love for his motherland and his people that made him

all out support and efforts to make it memorable.

Adani Vidya Mandir schools create a secure and stimulating learning environment for underserved students who need support to pursue and continue their studies. They provide costfree, high-quality education to meritorious students from economically weaker sections of the society. Currently present in 4 locations – Ahmedabad (Gujarat), Bhadreshwar (Gujarat), Surguja (Chhattisgarh) and Krishnapatnam (Andhra Pradesh) – the schools also provide complementary support in the form of daily nutritious meals, books, transportation facilities and uniforms to all students. Started in 2008 with 134 students, today more than 2,400 students are a part of the Adani Vidya Mandir schools.

fight for freedom and battle caste discrimination. He promoted nonviolence, Satyagraha, cleanliness, and the Swadeshi movement,

‘Swachhta Pakhwada’ Observed Successfully by JNPT Mumbai

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Port Wings News Network oming together for a cleaner tomorrow, Jawaharlal Nehru Port Trust (JNPT), one of India’s premier container handling ports, celebrated the “Swachhta Pakhwada” with great vigour following all the preventive measures. Shri Sanjay Sethi, IAS, Chairman, JNPT in the presence of Shri Unmesh Sharad Wagh, IRS, Dy. Chairman, J N P T , and HoDs inaugurated t h e Pakhwada by administering the “Swachhta Pledge” for a greener and sustainable future.

The main aim of the Swachh Bharat Abhiyan is to sensitize the JNPT employees, stakeholders to keep the port area clean and green, thereby ensuring the overall objective of cleanliness of the country. The port undertook multiple sanitization and cleanliness drives at various locations in the port including JNPT Township, hospital, guest house, bulk office area, administration building, main jetty area, Landing Jetty, ICD office, BPCL office, the liquid cargo jetty, and roadsides and in the near-by locality.

Shri Sanjay Sethi, IAS, Chairman,

JNPT, outlined the significance of cleanliness in and around the port area and the environs otherwise.

He complimented the employees who have put in their best efforts to realize the goals of ‘clean and green port’, with special reference to the

services by sanitation workers, who play a significant role in maintaining cleanliness in and around the port area.

Spreading the message of Swachh Bharat widely, JNPT installed banners and signage boards at prearranged locations to enable awareness amongst people. The port also carried out various competitions like Essay writing, and slogan competitions were also conducted for JNPT employees. Port officials and employees actively participated in all these competitions. On the occasion of Gandhi Jayanti, October 2nd, 2021, the Swachhta Abhiyan implemented by JNPT marked its conclusion.

Government Is Committed To Shift Public Transport And Logistics On 100 Percent Green And Clean Sources Of Energy: Nitin Gadkari New Delhi Port Wings News Network nion Minister for Road Transport and Highways Shri Nitin Gadkari said the government is committed to shift public transport and logistics on 100% green and clean sources of energy. Addressing the Symposium on International Automotive Technology he said the national hydrogen mission launched by the Prime Minister seeks to develop hydrogen technologies for the benefit of the mobility sector and make India the leader in production and usage of green-hydrogen. The Minister said 70% of Green hydrogen production costs come from electricity costs. Hence, surplus electricity from renewable energy sources can completely change economics of production of green hydrogen production. He said Green Hydrogen is termed as the fuel of the future and it is the only fuel which can help us achieve the mission of “Zero Carbon Emissions”.

Shri Gadkari said this year is special as it marks the beginning of celebrations of 75 years of Independence of India. He said we are marching with our vision led by Prime Minister Shri Modi Ji with a focus on becoming AtmaNirbhar across all sectors. He said our automobile sector is the pride of India and he was sure that it will take India’s manufacturing towards new heights, matching and even

U

better than International standards.

The Minister said recently launched Production Linked Incentive scheme aims to boost ‘Advanced automotive technology products’ in the Indian auto sector which help to lower fossil fuel emissions.

Shri Gadkari said government expects the scheme would lead to a fresh investment of more than Rs. 42,500 crore and creation of additional 7.5 lakh jobs in the sector.

He said as far as public transportation is concerned, the need of the hour is to develop import substitute, cost-effective, pollutionfree, and indigenous mobility solutions for India and dependence on imported crude oil needs to be reduced.

Shri Gadkari said we are also planning to introduce flex-fuel vehicles which allow operation of the vehicles on 100% ethanol and petrol. He said Flex engine-based vehicles are already running in the USA, Brazil, and Canada. He said technology is readily available, and it is just a matter of time to take that leap that will transform the transport landscape of India forever.

The Minister said safety scenario on Indian roads needs improvement as every year approx. 1.5 lakh people die on Indian roads in almost 5 lakh accidents. He said the concept of Zero Vision, that is achieving zero accidents and zero loss of life is being adapted in India similar to European countries.

Oct. 6th - 12th, 2021 Issue

5

Shankar Shinde Takes Over as Chairman of Federation of Freight Forwarders’ Associations in India Port Wings News Network he Federation of Freight Forwarders’ Associations in India (FFFAI) in its 58th Annual General Meeting (AGM) held on 24 September in Mumbai, elected new Office Bearers of the Executive Committee for the year 2021-23. Mr Shankar Shinde the then Chairman-Elect for the year 2019-21, has taken over as Chairman, FFFAI for the ensuing two years’ tenure. He is also elected Managing Director on IFCBA (International Federation of Custom Brokers Association).

The elected Office Bearers are: Mr. Dushyant Mulani, Chairman-Elect. -

Logistics sector will play a bigger role in next few years with the increased Industrial and infrastructure activity in the country. Mr. Shinde also assured full cooperation to the Government/policy makers in the interest of trade facilitation and ease of doing business to strengthen the country’s economy and achieving the government’s ambitious USD 400 Billion export target.

The FFFAI Chairman also informed that CBIC chairman Mr. Ajit Kumar in his message to FFFAI acknowledged the role of FFFAI as an important stakeholder in partnering with CBIC for trade facilitation measures on providing inputs and implementation of

Brihanmumbai Custom Brokers Association Vice ChairmenMr. S Nataraja – Chennai Custom House Agents’ Association Mr. Amit Kamat – Goa Custom House Agents’ Association Mr. Rajesh Verma – Ludhiana Custom House Agents’ Association Mr. Sudip Dey – Calcutta Custom House Agents’ Association Mr. Shashidhar V. Hebbar – Bangalore Custom House Agents’ Association Ltd. Mr. Kartik Pancholi – Ahmedabad Custom Brokers Association Mr. Vinod Sharma, Hon. Secretary - Pune Custom House Agents’ Association Mr. Sudhir Agarwal, Hon. Treasurer. – Nagpur Custom House Agents’ Association FFFAI is an Apex body of Customs Brokers Association and Freight Forwarders in India with the membership of 28 Customs Brokers Associations as Ordinary members and more than 6500 Associate & Allied members in India. FFFAI, held its AGM for the term 2020-2021 along with the elections of Office Bearers for the term 2021-23. The Presidents of respective Associations along with the nominees of the Associations attended the AGM from across the country to discuss on various issues and future road map for the betterment of the fraternity.

The newly Elected Chairman of FFFAI, Mr. Shankar Shinde, mentioned that it’s a proud moment for FFFAI to complete its successful 59 years of services to trade and marching towards 60 years Diamond Jubilee celebration. He emphasized on the importance and effective role of FFFAI in facilitating the foreign trade of the Nation.

He unveiled his vision and commitments of FFFAI towards Customs Brokers and their role in International Supply Chain. According to Mr. Shinde, one of the priorities would be to empower the customs brokers by enhancing Skill development, Training, increasing their role in Logistic Sector, diversification with forward and backward integration. During the Welcome speech the FFFAI Chairman informed that FFFAI is great platform for Members as the Federation is providing inputs to various Ministries such as Ministry of Revenue, Ministry of Commerce & Industry, Ministry of Shipping, and Ministry of Civil Aviation. He further envisioned that

Policies. He further acknowledged the role of FFFAI and its members during COVID 19 Pandemic to maintain seamless supply chain of essential commodities in the country.

At this AGM the members highly appreciated the activities of the Executive Committee under the Leadership of Mr. A V Vijaykumar as Chairman, FFFAI during the Term (2019-2021). In his address Mr. A V Vijaykumar expressed gratitude to the Executive Committee as well as all FFFAI members for their efforts and support for sailing through many hurdles and achieved many successes for the entire Customs Brokers and Logistics Service Providers community, despite huge difficulties due to catastrophic pandemic situation FFFAI is the only Association member of IFCBA (International Federation of Customs Brokers Association), which enjoys the participation role in World Customs Organization (WCO). IFCBA is part of PSCG (Private Sector Consultative Group) to provide international perspective and addresses members concern on International laws, regulations and best practices to be adopted for seamless international supply chain.

FFFAI as a National Apex body is helping Indian Logistics Service providers to become member of FIATA. (International Federation of Freight Forwarders Associations). FIATA is an International Freight Forwarders Association providing and publishing regular updates on International best practices in the Logistics sector.

IIFF (India Institute of Freight Forwarders) is the training arm of FFFAI providing regular training programme in Logistics with Diploma Certification from FIATA. IIFF also provides Skill development Training, certification courses for Members and their participants.

Government of India had nominated FFFAI to be part of its two major initiatives INSTC (International North South Transport Corridor) and TIR Convention (Transports Internationaux Routiers i.e International Road Transport). The Customs Convention on International Transport of Goods under Cover of TIR Carnets, 1975 is an international transit system under the auspices of the United Nations Economic Commission for Europe (UNECE). FFFAI represents on behalf of the Ministry of Commerce & Industry and Ministry of External Affairs and enjoys permanent advisory status on the Coordination

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Mumbai

Council of INSTC Convention.

FFFAI has also been appointed on the Advisory Board of the Ministry of Civil Aviation.

Mr. Shinde further pointed out that Customs

Brokers will always play an important role in International Supply Chain managements and would work with Customs and CBIC Board providing inputs and solution on policies, procedures, regulations for seamless movement of EXIM trade for achieving their benchmark in Ease of doing business and LPI (Logistics Performance Index).

He emphasized that FFFAI is very good platform for networking, as during the Biennial Convention there are huge participation from across India and International Logistics Service Providers. It provides an opportunity to its members for business development, due to the stakeholders’ participation in large numbers.

Mr. Shinde appealed to the fraternity to strengthen the FFFAI by participating and subscribing to its Membership to avail benefits and support the Logistic industry to achieve greater height.

He also stated that FFFAI would help to upskill its members to cope up with latest changes and technologies for creating environment of growth. He highlighted that the social media is also playing an important role and members need to be active on such social media platform for their business growth.

He thanked the Presidents and members of the FFFAI Member Associations for their active participation and continuous support to the Federation.

In his concluding remarks the FFFAI Chairman appealed to Customs Brokers and Logistics Service Providers to strengthen FFFAI by participating through its membership programme.

Seafarers At The Core Of Shipping’s Future

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Chennai

Port Wings News Network he 2021 theme was chosen by the IMO as part of a year of action for seafarers, who play a vital role as key workers for global supply chains but are facing unprecedented hardship due to the COVID-19 pandemic, according to GARD report.

Seafarers have had to prolong their service on board much beyond their contractual periods, have been prevented from going home and lived with concern for their loved ones at home who, apart to missing their presence and support at home, can also be affected by the pandemic itself.

Added to this comes enduring prolonged quarantine periods related to crew changes. In far too many cases seafarers have been denied access to necessary and sometimes urgent medical care ashore, whether Covid-related or not and sadly, some states have repeatedly refused to allow deceased seafarers to come ashore for repatriation.

This tragic situation only compounds the sorrow and hardship suffered by next-of-kin at home and crew members on board. This treatment of seafarers, working to keep the world turning, is not just lacking in dignity; but may be in contravention of international law.

In their joint statement issued on 17 September, the Secretary-General of the International Maritime Organization (IMO) and the Director-General of the International Labour Organization (ILO) once again urges Governments to recognize the strategic

importance of the maritime sector and, in line with UN General Assembly resolution A/75/17 adopted on 1 December 2020, to designate seafarers as key workers and to treat them as such by providing access to medical care including vaccination.

Only 60 countries have designated seafarers as key workers, yet many nonetheless maintain restrictions on access to medical care ashore including access to vaccinations.

Information received by the IMO and the ILO indicates that only 24 countries have implemented seafarer vaccination programmes, or have signaled their intent to do so, in designated ports within their jurisdictions.

Norway, Denmark, and Singapore are among the most recent countries announcing the facilitation of vaccination of foreign seafarers. Although there is no official global registry of information about the availability of vaccines for foreign seafarers, the IMO/ILO joint statement refers to the list maintained by the ICMA. This information is also posted by NAMMA. We would add that shipowners, ship managers and charterers should cooperate to facilitate vaccination in those ports as this is essential to safeguard the health of seafarers who have continued to serve aboard ships in international trade many times at great personal cost.

An FAQ on vaccination has been prepared by the International Group of P&I Clubs.

Conditions change quickly and when seeking information about practice in a particular port, we suggest contacting the local ship agent.

Visit

www.portwings.in for Latest News

6

Vessel Position at Terminals - (06.10.2021 To .13.10.2021)

Oct. 6th - 12th, 2021 Issue

7

CCTL - Chennai ETA

ETD

Service

Vessel Name

06/10

07/10

CI5

08/10

09/10

06/10

Voy

Agent/Line

CITPL - Chennai

Calling Ports

ETA

ETD

Service

Vessel Name

Voy

CARPATHIA

TAO-PUS-SHA-SHK-SIN-WPKPKG-MAA-KAT-PKG-SIN-PGUSHK-KHH-TAO

Agent/ Line

06/10

07/10

CI3

ATHENS BRIDGE

121

ONE

Port Kelang(North port) – Singapore,Shangha

PIC-2

SSL KRISHNA

CMB/TUT/COK/JEA/IXY

06/10

07/10

MD1

TRF KAYA

1737W-1737E

OAS

Port Kelang(North port) – Singapore,Shangha

07/10

ISG

EVER CHANT

JEB/COK/CMB

09/10

10/10

TCXNEW

VERMONT TRADER

026W-026E

RCF

Port Kelang(North port) – Singapore,Shangha

10/10

11/10

IEX

MOL GUARDIAN

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

08/10

09/10

ADHOC

SINAR POMALAA

069

SAM

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

07/10

08/10

ADHOC

VASI STAR

CGP

09/10

10/10

FME

KMTC MUMBAI

2106W-2106E

KMD

Port Kelang(North port) – Singapore,Shangha

07/10

08/10

COST

TCI ARJUN

IXZ

09/10

10/10

MD1

GREEN HOPE

30738W-30738E

WAN

Port Kelang(North port) – Singapore,Shangha

11/10

12/10

TCXNEW

WIDE JULIET

004

ONE

Port Kelang(North port) – Singapore,Shangha

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin 6-10

7-10

CTS

MV.KAPITAN MASLOV

1585

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

7-10

8-10

TUX

MV.OEL SHRAVAN

21166

TWF

COLOMBO, TUTICORIN, COLOMBO

8-10

9-10

BOX

MV.SMILEY LADY

21075S

OASIS SHIPPING

COLOMBO, TUTICORIN, COLOMBO

FAR SHIPPING

COLOMBO, TUTICORIN, COLOMBO

TWF

COLOMBO, TUTICORIN, COLOMBO

9-10 10-10

10-10 11-10

CTS TUX

MV.KAPITAN MASLOV MV.OEL SHRAVAN

1595 21167

NSICT - Mumbai ETA

ETD

Service

Vessel Name

06/10

07/10

BLUENILE

CELSIUS NICOSIA

MSK

08/10

09/10

MIDAS

EM ASTORIA

CCA

08/10

09/10

IPAK

SEAMAX GREENWICH

MSC

09/10

10/10

MWE

MAERSK BROOKLYN

MSK

09/10

10/10

ADHOC

NORDSPRING

HLI

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

10/10

11/10

MECL

MAERSK ATLANTA

MSK

Colombo,Damietta Piraes Rotterdam, London

10/10

11/10

BMM

INTER SYDNEY

EMS

10/10

11/10

CSC

NIKOS P

PRD

11/10

12/10

ASI

CMA CGM RIGOLETTO

CCA

12/10

13/10

MESAWA

LEONIDIO

MSK

12/10

13/10

AIM

NYK PAULA

ONE

BLUENILE

MERKUR ARCHIPELAGO

MSK

13/10

14/10

Voy

Agent/Line

Calling Ports

Nhava Sheva, Mundra, Port Qasim, Singapore

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

APM Terminal - Mumbai

Calling Ports

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

06/10

07/10

ECS

SSL CHENNAI

191

HMM

Tuticorin,cochin,Pipava, Kandla,Jebel ali

06/10

07/10

C15

INTERASIA HERITAGE

31

IAS

07/10

08/10

C13

ATHENS BRIDGE

121

ONE

Port Kelang(North port) – Singapore,Shangha

07/10

08/10

ADHOC

BLPL BLESSING

2116

BLP

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

07/10

08/10

C15

CARPATHIA

27

WAN

08/10

09/10

CIX

HYUNDAI COLOMBO

121W

HMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

08/10

09/10

CIX

HYUNDAI TACOMA

109W

HMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

08/10

09/10

TCX

VERMONT TRADER

026W

RCF

Port Kelang(North port) – Singapore,Shangha

09/10

10/10

CCG

VARADA

0041W

SIM

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

11/10

12/10

TCX

WIDE JULIET

004E

ONE

Port Kelang(North port) – Singapore,Shangha

VCTPL, Vizag ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

6-10

7-10

CCG

VARDA

2-10

SIM

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

7-10

8-10

FME

KMTC MUMBAU

2106E

KMT

Port Kelang (North port) – Singapore, Shanghai

8-10

9-10

IEX

MOL GUARDIAN

2135

ONE

Colombo, Damietta Piraes Rotterdam, London

8-10

9-10

MDM

TRF KAYA

1737E

OAS

Colombo

10-10

11-10

MDM

GREEN HOPE

30738E

WHL

Colombo

Agent/Line

Calling Ports

11-10

12-10

CVK

MSC JANIS3

SV135R

MSC

MOL GROWTH

ONE

Jebel Ali, Mundra,Hazira,Nhava Sheva

12/10

13/10

CHX

JOSEPHINE MAERSK

140W

MSK

UIG

THORSWIND

BTL

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

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

10/10

ASX

GFS GISLLE

SMM

Jebel Ali, Mundra,Hazira,Nhava Sheva

13/10

14/10

CCG

SM MANALI

007

SIM

12/10

13/10

MINA

BERLIN EXPRESS

HLI

Jebel Ali, Mundra,Hazira,Nhava Sheva

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

11/10

12/10

TIP

GLEN CANYON

ONE

Jebel Ali, Mundra,Hazira,Nhava Sheva

11/10

12/10

CIX3

OOCL SAN FRANCISCO

OCL

Jebel Ali, Mundra,Hazira,Nhava Sheva

ETA

ETD

Service

Vessel Name

07/10

08/10

TIP

07/10

08/10

09/10

Voy

06/10

07/10

CWX

KOTA MEGAH

PIL2

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

08/10

09/10

CWI

IAN H

GLD

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

06/10

07/10

CIX3

XIN HONG KONG

COS

Jebel Ali, Mundra,Hazira,Nhava Sheva

07/10

08/10

PS3

ONE ALTAIR

ONE

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

10/10

11/10

CIX

EVER UNITY

EGI

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

09/10

10/10

CWI

TESSA

ESA

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

08/10

09/10

FM3

ALS APOLLO

MAE

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

As the data is received by us, sometimes even at the eleventh hour by telephonic messages from the concerned Steamer Agents, there is every likelihood of last minute changes in the data published for which and also for the printing errors occuring the Management of Port Wings is not responsible or liable.

Kakinada Container Terminal ETA

ETD

Service

Vessel Name

07/10

08/10

PRT>KAK>COK

SSL GUJARAT

Voy

Agent/Line

Calling Ports

IMPERIAL

PRT>KAK>COK

WAsH YOUR HANDs OFTEN

AVOID ClOsE CONTACT

sANITIZE CONsTANTlY

WEAR A FACE MAsK

AVOID CROWDED plACEs

COVER COUGHs AND sNEEZEs

Oct. 6th - 12th, 2021 Issue

Piyush Goyal welcomes the world to participate in India’s Golden Growth Story New Delhi Port Wings News Network t a time when the whole world is coming together to recover from the pandemic and bring growth back on track, a resurgent India is ready to take on the responsibility of being the frontrunner in this revival process, said Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Government of India, Shri Piyush Goyal.

The Minister was inaugurating the India Pavilion at Expo 2020 Dubai, which will showcase India’s vibrant culture, along with the diverse partnership opportunities that the country is capable of offering.

“The reforms unleashed in the last seven years by the government under the guidance of Honourable Prime Minister Shri Narendra Modi, and especially during the Corona period, are set to boost the country’s manufacturing and exports potential and make India a global economic hub, besides strengthening its capabilities in the technology space. India is already a leading player in the global markets in IT, Pharma and space technology, and with the development of research and innovation capabilities, the country’s prowess in these areas would help reap the benefits of new-age technologies like Artificial Intelligence (AI) and Robotics,” said Shri Goyal.

He added that the lessons learnt from the pandemic have also emboldened our confidence of surpassing any challenge in future with the help of our scientific and entrepreneurial research and development capabilities — whether it is development of pharma and healthcare products or running of the world’s biggest vaccination program banking on the two indigenously produced vaccines, India has set several examples.

“From here, productivity will play a big role in achieving a sustained high growth phase, that India has already embarked upon, leaving behind the impact of Corona — GDP growth in the first quarter of FY22 at a record 20.1% against the contraction of 24.4% in the same quarter of FY21 is not only

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signaling a strong revival but also the potential for economic rebound in a big way, and grow at a rapid pace. We have a huge advantage in our young populace, and with the help of the New Education Policy (NEP), and its focus on

skill development, the productivity levels in the country are set to rise substantially to support the growth objectives,” Shri Goyal said.

The minister congratulated the UAE leadership for being able to deliver this massive enterprise, EXPO 2020, despite the difficult times. Stressing on the significance of India’s participation in EXPO 2020, Shri Goyal said, “It is happening at a time when India is celebrating 75 years of its independence, and UAE is celebrating 50th year of its foundation. UAE is one of India’s most valued partners and a close friend. EXPO 2020 will prove to be a landmark in strengthening the relationship between the two countries further”.

“The ongoing celebrations of Amrit Mahotsav, 75 years of India’s Independence, will also encapsulate Prime Minister Narendra Modi’s clarion call of redefining India in the next 25 years (Amrit Kaal) with his renewed motto of “Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas,” he emphasized.

In a special gesture the message of , Prime Minister of India was broadcast and relayed before the gathering at the inaugural event.

Speaking on the occasion, Shri Goyal said, “The entire world is looking towards India as a trusted partner. We have intensified the reform process during the pandemic instead of being defensive and have laid a solid foundation for a sustainable and sustained high

growth phase in the coming years.

India, with its democratic values, extremely capable talent pool, technological prowess and growing appetite for learning and leadership, is all set to play an increasingly central role in the global affairs, trade and business” The minister added that those visiting the India Pavilion during the six months of EXPO 2020, till March 31, 2022, will get a glimpse of the country’s ancient treasures, business achievements, innovations and leading opportunities with cutting-edge technologies.

“We are on the way to reaching and surpassing USD 400 billion exports per year target and a GDP growth that will take us to becoming a USD 5 trillion economy, and beyond. The next 25 years are set to symbolise India’s golden growth phase,” Shri Goyal said, and invited the global community to be part of this resurgent ‘New India’ journey.

“The India Pavilion will showcase a modern, robust India — high on technology, while simultaneously exhibiting the beauty of Indian art, culture and cuisine during the 183 days that the event will run,” he said.

While India-UAE trade has also been impacted by the pandemic, it was valued close to USD 60 billion in 2019-20 with UAE being India’s third-largest trading partner, and UAE being India’s second-largest export destination after the US, with an export value of approximately USD 29 billion in 2019-20.

UAE is also the 8th largest investor in India, having invested USD 11 billion between April 2000 and March 2021. India aspires to make significant progress in catalyzing the investments from UAE to India across the focus sectors, including Gems & Jewellery, Textiles, Pharma and IT. “Over the years, UAE and India have built a strong relationship that goes beyond economic, cultural and political spheres. UAE has given opportunity to thousands of Indians to build their lives in the country, and Indians on their part have exhibited their expertise and contributed to the collective growth of the nation through several areas, including education, technology and entrepreneurship. Expo 2020 Dubai is set to galvanise this further,” Shri Goyal said.

DP World Pavilion Opened at Expo 2020 Showing the Power of Flow Chennai

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Port Wings News Network ultan Ahmed Bin Sulayem, Group Chairman and CEO, has cut a ribbon to open the DP World Flow pavilion at Expo 2020.

DP World’s pavilion is designed around the theme of Making Trade Flow. Visitors will be able to explore the movement of commerce around the world that drives the global economy, giving a unique insight into the innovative technology of supply chains. DP World operates a network of ports and data-driven logistics businesses around the world, including Dubai’s flagship port Jebel Ali. The opening of the DP World pavilion is also the unveiling of DP World’s refreshed brand, which symbolises the company’s transformation from a single port in Dubai, into a global leader in logistics with ports and terminals

around the world, economic zones and marine services, moving 10 percent of global commerce.

DP World is leading innovation

including the development of Hyperloop and BoxBay, as well as using data to develop platforms and services that offer more visibility, control and efficiency to supply chains than ever before.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “DP World is ushering in a new era of global mobility and trade, which we are showcasing

at Expo 2020 in Dubai. We want to inspire people about how trade impacts their everyday lives, and DP World’s role as a global trade enabler. Our refreshed brand signals our transformation into an integrated logistics company that harnesses data and infrastructure to move goods from the factory floor to the customer’s door.”

The DP World Flow pavilion will be open from 1st October until the end of March. As well as the exhibition galleries, the FlowLive event programme will bring together leaders of governments and commerce to shape the future of world trade. The education programme is designed to inspire young people to join the logistics industry.

After Expo 2020 the pavilion will be transformed into an education institute becoming a permanent feature of Expo 2020 Dubai’s legacy District 2020, reinforcing Dubai’s position as a knowledge-based economy.

7

NEWS - BITS Okskaya Shipyard launches Astrol-8, tenth dry cargo vessel of RSD59 design

The final vessel in a series of 10 multipurpose dry cargo ships of Project RSD59, Astrol-8 built for Astrol, has been launched today, 30 September 2021, the ship designer Marine Engineering Bureau said.

The series was ordered by State Transport Leasing Company with shipping company Astrol as a leaseholder.

Okskaya Shipyard is to build 18 vessels of RSD59 series. The first five will be delivered to Petrotrans, the next ten – to Astrol with the new contract signed for three more ships for Idel. The first fourteen vessels have already entered service.

The RSD59 series vessels were designed for transportation of break bulk, bulk, container, timber, grain and oversize cargo, dangerous goods (Classes 1.4S, 2, 3, 4, 5, 6.1, 8, 9 IMDG Code and BC Code’s Appendix B in the Caspian Sea, in the Mediterranean, Black, Baltic, White, North Seas, including sailings around Europe and to the Irish Sea in winter season.

Russian Railways’ network loading climbed by 3.7% in 9M’2021

In January-September 2021, the network of Russian Railways loaded 956.2 million tonnes of cargo, up 3.7%, year-on-year, the Company’s press center says. In the reporting period, Russian Railways carried 276.9 million tonnes of coal million tonnes (+8.1%, year-on-year); coke – 8.8 million tonnes (+6.2%); crude oil and oil products – 160.1 million tonnes (+2.6%); iron and manganese ore – 90.2 million tonnes (+0.7%); ferrous metal – 50.7 million tonnes (+2.3%); ferrous metal scrap – 12.3 million tonnes (+21.9%); chemical and mineral fertilizers – 48.3 million tonnes (+3.1%); cement – 20.4 million tonnes (+6%); timber – 32.3 million tonnes (+2.6%); grain – 18 million tonnes (-1.5%); construction materials – 97.1 million tonnes (-4.6%); nonferrous and sulfuric ores – 15 million tonnes (-0.9%); chemicals and soda – 18.1 million tonnes (-0.4%); ndustrial feedstock and moulded materials – 26.4 million tonnes (+5.1%); other cargoes including containerized cargo – 81.6 million tonnes (+6.8%).

From the beginning of 2021, freight turnover totaled 1,959.1 billion tariff ton-km (+4.4%). Freight turnover taking into account empty wagon run totaled 2,465.6 billion ton-km (+3.7%).

In September, loading totaled 106.4 million tonnes, +1.2%, year-onyear. In September, freight turnover totaled rose by 2.4%, year-on-year, to 217.1 billion tariff ton-km. Freight turnover taking into account empty wagon run rose by 1.9% to 273.2 billion ton-km.

Fincantieri launches the third corvette for Qatar The technical launch of “Al Khor”, the third of the Al Zubarah class corvette ordered to Fincantieri by the Qatari Ministry of Defence within the national naval acquisition program, took place at the Muggiano (La Spezia) shipyard. The vessel will be delivered in 2022, according to the company’s release.

The ceremony, held in a restricted format and in full compliance with anti-contagion requirements, was attended by Staff Brigadier General Abdulla Ali Al-Mazroey, Deputy Commander of Qatar Emiri Navy and Commander of Qatar Emiri Navy Flotilla, Vice Admiral Giorgio Lazio, Italian Navy Maritime Commander – Area North, and Marco Acca, Deputy General Manager of the Naval Vessels Division of Fincantieri.

The Al Zubarah class corvettes, designed consistent with the RINAMIL rules, will be highly flexible and capable of fulfilling different kinds of tasks, from surveillance with sea rescue capacities to being fighting vessels. They will be about 107 meters long, 14.70 meters wide, and equipped with a combined diesel and diesel plant (CODAD), with a maximum speed of 28 knots. The units will be able to accommodate 112 persons on board.

Furthermore, the corvettes will be capable of operating high-speed boats such as RHIB (Rigid Hull Inflatable Boat) through lateral cranes or a hauling ramp located at the far stern. The flight deck and hangar are sized for hosting one NH90 helicopter.

CUSTOMS EXCHANGE RATES Notification No.74/2021 (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 17th Sep. 2021

RATE (INR) Import Export 55.10 201.40 59.25 11.60 11.90 88.45 9.60 252.70 53.70 8.75 103.50 20.85 20.25 55.75 5.25 8.70 81.55 9.00 20.65 74.40 68.55 6.50

52.75 189.00 57.15 11.25 11.45 85.30 9.30 236.90 51.30 8.40 100.00 19.55 19.00 53.90 4.95 8.40 78.35 8.45 19.40 72.70 66.05 6.10

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 Wednesday (06.10.2021)

8

Oct. 6th - 12th, 2021 Issue

Air Cargo Up 7.7% in August Versus Pre-COVID Levels; Capacity Lagging Demand Chennai

T

Port Wings News Network he International Air Transport Association (IATA) released August 2021 data for global air cargo markets showing that demand continued its strong growth trend but pressure on capacity is rising.

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 August 2019 which followed a normal demand pattern.

Global demand, measured in cargo tonne-kilometers (CTKs*), was up 7.7% compared to August 2019 (8.6% for international operations). Overall growth remains strong compared to the long-term average growth trend of around 4.7%.

The pace of growth slowed slightly compared to July, which saw demand increase 8.8% (against pre-COVID-19 levels).

Cargo capacity recovery paused in August, down 12.2% compared to August 2019 ( 13.2% for international operations). In month-on-month terms, capacity fell by 1.6% – the largest drop since January 2021.

Economic conditions continue to support air cargo growth but are slightly weaker than in the previous

months indicating that global manufacturing growth has peaked: The August manufacturing output component of the Purchasing Managers Indices (PMIs) was 51.9, indicating a short-term boost to demand if those orders are shipped by air. This was a decline from 54.4 in July.

The August new export orders

compared to pre-COVID levels.

Many of the economic indicators point to a strong year-end peak season. With international travel still severely depressed, there are fewer passenger planes offering belly capacity for cargo. And supply chain bottlenecks could intensify as businesses continue to ramp up production,” said Willie Walsh, IATA’s Director General.

File Photo

component of the PMIs was favorable for air cargo, despite being less supportive than in the previous months. Expansion continued at the global level, however, there was contraction in emerging economies.

The inventory-to-sales ratio remains low ahead of the peak yearend retail season. This is positive for air cargo, however further capacity constraints put this at risk.

“Air cargo demand had another strong month in August, up 7.7%

AUGUST REGIONAL PERFORMANCE Asia-Pacific airlines saw their international air cargo volumes increase 3.0% in August 2021 compared to the same month in 2019.This was a slowdown in demand compared to the previous month’s 4.4% expansion. Demand is being affected by an easing in growth momentum in key activity indicators in Asia, and by congested supply chains especially

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on Within Asia and Europe-Asia routes. International capacity is significantly constrained in the region, down 21.7% vs. August 2019.

North American carriers posted an 18% increase in international cargo volumes in August 2021 compared to August 2019. New export orders and demand for faster shipping times are underpinning the North American performance. The downside risk from capacity constraints is high; international cargo capacity remains restricted and many of the key air cargo hubs are reporting severe congestion, including Los Angeles and Chicago. International capacity decreased 6.6%.

European carriers saw a 6% increase in international cargo volumes in August 2021 compared to the same month in 2019. This was on a par with July’s performance.

Manufacturing activity, orders and long supplier delivery times remain favorable to air cargo demand.

International capacity decreased 13.6%.

Middle Eastern carriers experienced an 15.4% rise in international cargo volumes in

August 2021 versus August 2019, an improvement compared to the previous month (13.4%). The large Middle East–Asia trade lanes continue to post strong performance.

International capacity decreased 5.1%.

Latin American carriers reported a decline of 14% in international cargo volumes in August compared to the 2019 period, which was the weakest performance of all regions.

Capacity remains significantly constrained in the region, with international capacity decreasing 27.1% in August, the largest fall of any region.

African airlines’ saw international cargo volumes increase by 33.9% in August, the largest increase of all regions. Investment flows along the Africa-Asia route continue to drive the regional outcomes with volumes on the route up 26.4% over two years ago. International capacity decreased 2.1%.

AIR CARGO IN THE SPOTLIGHT The 77th IATA AGM and World Air Transport Summit in Boston Massachusetts, USA, will feature a panel discussion of air cargo leaders on Tuesday 5 October 2021.

The 14th World Cargo Symposium will do a deep dive into the challenges and opportunities for air cargo in Dublin, Ireland from 1314 October 2021.

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