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Oct. 13th - 19th, 2021 Issue

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

Wednesday, October 13, 2021

8 Pages

Trillion-Dollar Economy By 2030: Tamil Nadu Gets Its Mojo Back Chennai Port Wings News Network he factories in Sriperumbudur are humming again, making phones, wearables, auto parts and test equipment, according to a report in The Times of India. A far cry from the doom and gloom that paralysed Tamil Nadu’s electronics manufacturing services (EMS) sector followed Nokia’s abrupt exit in December 2014. “In two years we can reach the top slot in phone manufacturing and in four to five years we can emerge the largest engineering cluster,” says Sasikumar Gendham, managing director, Salcomp. Josh Foulger, country head and managing director of Bharat FIH (a Foxconn Technology group company), believes Tamil Nadu is at the cusp of achieving exports of $100 billion, a fourth of India’s total, by 2025. Early results show that Tamil Nadu has reduced the gap with the Noida cluster. In 2017-18, Tamil

Nadu accounted for 16% of the country’s electronic production and Noida 30%. This gap has since reduced, with TN’s production share at 19.6% and the Noida cluster’s 27%.

secretary, industries. Production-linked incentives (PLI) from the Union government should also help the state become the largest phone maker in two years and the largest electronics manufacturing services hub in four years. Driving this journey are Foxconn, Salcomp, Flex, Tatas and a clutch of companies making Apple phones or parts for the iPhone. They also make for others. These companies Contd. on page -2

“We were half of the Noida region in terms of production. In the last couple of years, we have received a lot of fresh investments. We are trying our best,” says N Muruganandam, the state’s principal

Wishes its Readers, Advertisers and Well Wishers a Happy Dussehra, Ayudha Pooja & Vijayadasami

`12

Wing 8 Feather 9

Paradip

Port Wings News Network hri P.L. Haranadh on 7 October 2021 took charge as Chairman of Paradip Port Trust. He is an Indian Railway Traffic Service Officer of 1994 batch. He hails from Andhra Pradesh. He studied MSc & Ph.D from Indian Agricultural Research Institute, Pusa, New Delhi. During his 27 years of service, he worked in Indian Railways for 22 years and 5 years in Ministry of Shipping. Under the leadership of Shri Haranadh, PPT expects to reach new heights in terms of Cargo Handling. Soon after his joining while interacting with the media, he emphasized on making PPT the No.1 Major Port in the country during his upcoming tenure. He solicited sincere cooperation from all the stakeholders like employees, Unions, Customers, Port users, Stevedores, Steamer Agent, Unions, Govt Machinery etc. for realising

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the Mission No.1. He stressed on prioritising completion of various upcoming projects at PPT, including the much ambitious Western Dock project at the earliest. In his illustrious career in the Railways, Shri Haranadh worked as Sr.Divisional Operations Manager, Raipur Division and Chakradharpur Division. Dy. Chief Operations Manager of South Eastern Railway & South Central Railway and Chief Operations Manager (Marketing), East Coast Railway. Before joining PPT, he was working as Chief Freight Transportation Manager of East Coast Railway. He has rich experience in rail transportation, especially in freight operations, business development and traffic planning. In recognition of many meritorious works, he received National Award for outstanding management in 2002 and in 2005 from Ministry of Railways. He also worked as Deputy Chairman of Visakhapatnam Port from 2015-2020. He was instrumental in developing innovative marketing solutions like total logistics solutions to customers to attract cargoes like coal, containers etc. During his tenure, he contributed to overall growth of Visakhapatnam Port and the Port scaled up to 3rd position among major Ports. Due to Space Constraint, “Vessel Position at Terminals” will be published next Week

Inside Shipping Minister Sonowal launches ‘MyPortApp’ for Digital Monitoring Of Port Operations Pg-2 Sonowal Compliments SCI for... Pg-4 JNPT Celebrates ‘Azadi Ka Amrit... Pg-5 Latest Customs Exchange Rates... Pg-7 Singapore Registry Introducing... Pg-7 Chinese Traders Turn To New... Pg-8

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

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RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Wednesday (13.10.2021)

Oct. 13th - 19th, 2021 Issue

Trillion-Dollar Economy By 2030...

Continued from page -1

Wednesday, October 13, 2021

Wing 8 Feather 9

Weak Link in the Chain

he COVID-19 pandemic will continue to undermine global and regional supply chains – and the world’s economy – unless vaccine access is boosted in developing countries given that production systems are interconnected. This was the message from various speakers at UNCTAD’s 15th quadrennial conference (UNCTAD15) on 6 October, during the second ministerial round-table discussion on reshaping global and regional value chains. They said care needs to be taken to ensure the substantial COVID-19 recovery programmes adopted by many governments and the resilience strategies of the private sector generate sustainable and inclusive growth that benefits all countries, particularly the most vulnerable. The pandemic led to the reconfiguration of global value chains in favour of recovery and resilience. This will have profound implications for inclusive and sustainable growth. “But concerns about the fragility of global value chains remain,” said UNCTAD Secretary-General Rebeca Grynspan. She said the pandemic exposed the faults of modern global value like never before, uncovering failings in the international supply chains of health-care equipment and medicines. Ms. Grynspan said reshoring/and-or/near-shoring – implying a move toward some form of economic de-globalization – remained a major threat, and it was unclear whether reshored global value chains were more resilient. To meet challenges ahead, Ms. Grynspan said “future trajectories of international production need to be supported by an open and inclusive global economic environment, with resilient and well-functioning global value chains.” International Chamber of Commerce’s secretary-general, John Denton, warned that the global economy stood to lose as much as $9.2 trillion, with developed countries shouldering half the cost, if governments failed to ensure developing countries’ access to COVID-19 vaccines. On the fragility of value chains, Mr. Denton sounded a positive note, lauding the agility and robustness of businesses in the wake of the pandemic. He warned that nationalism and protectionism were counterproductive to the efficient functioning of international production networks. “Reshoring is impractical and doesn’t make business sense,” he said. Uganda’s minister of state for industry, David Bahati, said the lack of access to COVID-19 vaccines in Africa was a weak link in the global production value chains. He said value chains couldn’t be strengthened without sufficient vaccines for recovery from COVID-19. “As we build regional and global value chains while pursuing prosperity for all, let us work to ensure strength across all links of the chain and to pursue equity in development,” he said. Mr. Bahati also outlined his country’s quest for industrialization and export-oriented growth through value addition agro-processing, mineral beneficiation, selected heavy and light manufacturing, all of which depends on post-pandemic recovery. He called for the promotion of industrialization in Africa to increase the continent’s participation in global value chains. “We must build strong regional and global value chains that do not leave anyone behind,” Mr. Bahati said. Germany’s parliamentary state secretary in the Federal Ministry for Economic Affairs and Energy, Elisabeth Winkelmeier-Becker, announced that her country would provide 100 million doses of vaccine to poorer countries. “If the recovery is to be more equal, it will be important to substantially improve the supply of vaccines to poorer countries,” she said. Ms. Winkelmeier-Becker also underscored the need to better integrate Sample developingTEXT countries into the global economy, as they need the private sector’s inward investment on their path to attaining development targets. She noted the role of global value chains in permitting developing countries to use the industrial base of developed economies – without having to build entire value chains themselves. “Governments can boost the resilience of the existing value chains by providing a suitable and stable environment that allows companies to plan ahead,” she said.

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Continued from page -1 together employ 70,000 to 80,000 people in the Sriperumbudur region. And the MoUs signed under the PLI scheme will provide another 55,000 jobs. “We facilitated smooth transfer of Nokia’s assets by waiving a few charges,” says Muruganandam. A new policy to encourage manufacture of solar panels and auto electronics is helping too. “Phased manufacturing programme for mobiles notified in 2015 restarted us on this journey. PLI schemes, part of the Atmanirbhar Bharat initiatives, are reinforcing this now,” says Foulger. Today, his company in Sriperumbudur has more than 10,000 employees, 90% of them women.

“Schemes have helped to an extent. But they are not the only reason. It is the ecosystem. One can get even 50% incentive from the government, but if the ecosystem is bad, one can do nothing. A conducive ecosystem is the key,” says Salcomp’s Gendham. Salcomp, which employed 2,300 people in 2015-16, today has 9,000 employees. “The labour force in Tamil Nadu is amazing. A conducive atmosphere, together with quality engineering graduates, workers and a supportive government machinery have made this possible. People here are willing to learn and do better. What more does one need,” says Sekharan Letchumanan, VP, Operations at Flex India.

The numbers are encouraging. “Tamil Nadu not only received the highest FDI in electronics components for the last three years, but also recorded a growth of 18.5% in electronics exports,” says Pooja Kulkarni, MD & CEO, Guidance Tamil Nadu. Exports are key to growth and that’s when infrastructure issues come to the fore. “It cannot take five hours from factory to sea-port or airport. Road congestion has to be addressed. Focus more on ‘ease of doing business’. There have been improvements, but more is needed. Governments can also facilitate companies sharing infrastructure such as critical machinery to remain competitive,” says Salcomp’s Gendham.

Shipping Minister Sonowal launches ‘MyPortApp’ for Digital Monitoring Of Port Operations Kolkata

Port Wings News Network nion Minister for Ports, Shipping and Waterways Sarbananda Sonowal launched a port mobile application called ‘MyPortApp’ in Kolkata. According to a news report in The New Indian Express, the App is aimed at promoting transparency and easy access to port-related information. Ministry of Ports, Shipping and waterways in a Statement said, targeted towards Port users for availing various Port services, the app includes all port details digitally and monitors operations virtually. “The app also has various information like vessel berthing,

rake & indent, rake receipt, container status, tariff, bills, Port holidays, etc., and can be accessed anywhere 24x7 and reach out directly to the port,” Ministry said in the statement. Union Minister Sonowal also inaugurated a 1 Mega Watt solar plant in Haldia port to produce renewable energy for port operations. With guaranteed power generation of 14 lakh KWH per year, the project will lead to self utilization and will reduce its carbon footprint to fulfil the commitment towards the National Solar Mission. This will also result in the reduction of the unit rate of electricity generated and help cost savings of Rs 70 lakh per year, said the statement.

The Haldia Dock Complex of Syama Prasad Mookerjee Port has also undertaken augmentation and development of GC Berth road to improve port operations. With a cost of Rs 29 crore, the project aims to establish connectivity for traffic movement on the western side of the dock. This will also lead to evacuation efficiency due to widening of the road and reduction in accidents due to unidirectional flow of traffic, according to the statement. Notably, Union Minister Sarbananda Sonowal is on a 2-day visit to West Bengal where he inaugurated, launched, and dedicated to the nation several projects worth Rs 352 crore.

Bangladesh Shipbreaking Sector Sees Highest Quarterly Death Toll Chennai

Port Wings News Network angladesh shipbreaking yards have seen a record-breaking number of fatalities this quarter. According to the NGO Shipbreaking Platform, at least seven workers lost their lives while scrapping vessels on the beach of Chattogram – the worst quarter in terms of the number of accidents in Bangladeshi shipbreaking history. A few weeks ago, seven separate accidents that killed five workers were reported by the platform. Since then, two more fatalities have occurred. The fatalities were caused by explosions, falls from height, falling steel plates and exposure to toxic fumes. One of the accidents took place last month when a worker fell from the 1999-built aframax tanker Oro Singa, sold by Indonesian company Selebes Sarana. The NGO said, citing shipping databases, the cash buyer involved in the sale was GMS, one of the most well-known dealers of end-oflife ships. “GMS, which is behind a significant share of the total tonnage beached in the Indian subcontinent every year, praises itself as a sustainable leader of the sector. Yet, it keeps dealing with the worst shipbreaking destinations on the planet,” the NGO said. Twelve accidents, causing nine deaths and twelve injuries, have been registered at SN Corporation

since 2009. In 2021 alone, two workers died and five suffered severe burns at the yard.

The NGO Shipbreaking Platform has called for a move of the industry to dry-dock operations, compliance with occupational health and safety

standards as well as established workers’ rights, and accountability for the management of hazardous wastes originating from ships in line with international law. “The terrible sequence of accidents in Chattogram, which increases the yearly death toll dramatically in such a short period of time, not only shows a lack of responsibility by shipping companies as they continue to sell their end-oflife vessels to be broken down under knowingly dangerous conditions, but also a lack of action by the Bangladeshi government to regulate the industry,” the NGO stated.

Mawani, DP World Break Ground On Jeddah Container Terminal Revamp Chennai

Port Wings News Network he Saudi Ports Authority (Mawani) and DP World Jeddah on Thursday laid the foundation stone for the expansion and modernization of the South Container Terminal at Jeddah Islamic Port. The revamp of the facility comes in line with Saudi Arabia’s strategy to develop ports infrastructure to unlock the Kingdom’s maritime logistics and transportation potential. The development of the South Container Terminal is part of the concession agreement Mawani

signed with DP World Jeddah to continue operating and managing the facility for the next 30 years. The company has committed to a total investment of $800 million to modernize the terminal. The new overhaul project, which will take place over four phases and is set to be completed by 2024, will see infrastructural upgrades, including the broadening of draft depth and quay, and the installation of advanced equipment and technologies. When complete, the revamped terminal will double Jeddah Islamic Port’s container handling capacity from 2.4 million TEUs to 4 million by 2024.

Oct. 13th - 19th, 2021 Issue

Government Approves Setting up of 7 Mega Integrated Textile Region and Apparel Parks New Delhi Port Wings News Network ith a view to realise the vision of Hon’ble Prime Minister Shri Narendra Modi of building an Aatmanirbhar Bharat and to position India strongly on the Global textiles map, the Government has approved the setting up of 7 PM MITRA parks as announced in Union Budget for 2021-22. PM MITRA is inspired by the 5F vision of Hon’ble Prime Minister. The ‘5F’ Formula encompasses - Farm to fibre; fibre to factory; factory to fashion; fashion to foreign. This integrated vision will help furthering the growth of textile sector in the economy. No other competing nation has a complete textile ecosystem like us. India is strong in all five Fs. The 7 Mega Integrated Textile Region

and Apparel Parks will be setup at Greenfield / Brownfield sites located in different willing States. Proposals of State Governments having ready availability of contiguous and encumbrance-free land parcel of 1,000+ acres along with other textiles related facilities & ecosystem are welcome. Maximum Development Capital Support (DCS) of ₹ 500 crore to all Greenfield PM MITRA and a maximum of ₹ 200 Crore to Brownfield PM MITRA will be provided for development of Common Infrastructure (@30% of the Project Cost) and ₹ 300 Crore of Competitiveness Incentive Support (CIS) will also be provided to each PM MITRA park for early establishment of textiles manufacturing units in PM MITRA. State Government supports will include provision of 1,000 Acre land for development of a world class industrial estate. For a Greenfield PM MITRA park, the GOI Development Capital Support will be 30% of the Project Cost, with a cap of ₹ 500 Cr. For Brownfield sites, after assessment, Development Capital Support @30% of project cost of balance infrastructure and other support facilities to be developed and restricted to a limit of Rs. 200 Crore. This is in a form of viability gap funding to make the project attractive for participation of private sector. The PM MITRA parks will have following: Core Infrastructure: Incubation Centre & Plug & Play facility, Developed Factory Sites, Roads, Power, Water and Waste Water system, Common Processing House & CETP and other related facilities e.g. Design Centre, Testing Centres etc. Support Infrastructure: Workers’ hostels & housing, logistics park, warehousing, medical, training & skill development facilities PM MITRA will develop 50% Area for pure Manufacturing Activity, 20% area for utilities, and 10% of area for commercial development. Key Components of Mega Integrated Textile Regions and Apparel Parks * indicates 5% area # indicates 10% area used for that purpose. PM MITRA park will be developed by a Special Purpose Vehicle which will be owned by State Government and Government of India in a Public Private Partnership (PPP) Mode. The Master Developer will not only

develop the Industrial Park but also maintain it during the concession period. Selection of this Master Developer will happen based on objective criteria developed jointly by State and Central Governments. SPV in which State Government has majority ownership will be entitled to receive part of the lease rental from developed industrial sites and will be able to use that for further expansion of textiles industry in the area by expanding the PM MITRA Park, providing Skill Development initiatives and other Welfare measures for workers. Government of India will also provide a fund of ₹ 300 Crore for each PM MITRA Park to incentivize manufacturing units to get established. This will be known as Competitiveness Incentive Support (CIS) and will be paid upto 3% of turnover of a newly established unit in PM MITRA Park. Such support is crucial for a new project under establishment which has not been able to break even and needs support till it is able to scale up production and be able to establish its viability. Convergence with other Central Government and State Government Schemes is available as per their eligibility under the guidelines of those schemes. This will enhance the competitiveness

of the textiles industry, by helping it in achieving economies of scale and will create huge job opportunities for millions of people. Leveraging Economies of Scale, the scheme will help Indian companies to emerge as Global Champions. TEA WELCOMES THE CENTRAL GOVERNMENT APPROVAL FOR SETTING UP OF 7 MEGA INTEGRATED TEXTILE REGION AND APPAREL (PM MITRA) PARKS Shri. Raja M. Shanmugham, President said he welcomed the Central Government announcement on approval for setting up of 7 Mega Integrated Textile Region and Apparel (PM Mitra) Parks with Plug & Play facility including core and supporting infrastructure, a major requirement for the apparel units to setup in the park. While noting the 5F vision of the Hon’ble Prime Minister Farm to Fibre; Fibre to Factory; Factory to Fashion; Fashion to Foreign, Shri. Raja M. Shanmugham said Tirupur Knitwear Exports Cluster has already possessing the Textile eco system Fibre, Factory, Fashion and Foreign except Farm and fulfilling the Hon’ble Prime Minister vision. Shri. Raja M. Shanmugham welcomed the Maximum Development Capital Support (DCS) of Rs. 500 crore to all Greenfield PM MITRA and a maximum of Rs. 200 Crore to Brownfield PM MITRA will be provided for development of Common Infrastructure (@ 30% of the Project Cost). He also welcomed the Rs. 300 Crore of Competitiveness Incentive Support (CIS) earmarked to each PM MITRA. Shri. Raja M. Shanmugham said this will enhance the competitiveness of the textiles industry, by helping it in achieving economies of scale and will create huge job opportunities for millions of people.

Union Government Is Committed For The Welfare Of Fishermen And Fisheries Industry In The Country: Murugan

Chennai

Port Wings News Network he Minister of State for Information & Broadcasting and Fisheries, Animal Husbandry & Dairying, Government of India, Dr. L. Murugan, visited Nellore, on 7 October. During his visit he said, of five exclusive fishing harbours set up by the Union government across the country one has been set up in Visakhapatnam. He further said that the Union government is committed to provide all possible support for the development of sea food industry in the country. As part of his maiden visit to Andhra Pradesh today, Dr. Murugan interacted with the members of the Fishermen Association in Nellore. Addressing the grievances of the fishermen community, he said, for the first time Hon’ble Prime Minister Sh. Narendra Modi has constituted a separate ministry to take care of the welfare of fishermen community and the launch of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) at an investment of Rs. 20,050 crore for the welfare of fishermen and fisheries industry. A Seaweed Park has also been set up by the government, he said. The minister also assured that the Union government is committed to save and protect the traditional chores of the fishermen community and their trade in the country. Protection of natural resources as well as generating higher economy growth is the motive of the government through the

Fisheries Department, he said. “A separate Bill for Fishermen Welfare would exclusively address the problems and other unresolved issues of the fishermen community, in order to find a lasting solution to them all” the minister added. The minister during his visit Jayabharat Hospital in Nellore interacted with the patients and distributed fruits to them. He also interacted with doctors and medical staff of the hospital, saying that “we take inspiration from our Hon’ble Prime Minister Shri Narendra Modi” ji for his seva samarpan towards the welfare of the people of the country. He said the doctors and healthcare workers are also an epitome of dedicated service towards the people. During his visit to Shrimp Biofloc Unit at Kotha Koduru near Nellore, Dr. Murugan had a firsthand briefing on shrimp and aqua culture being practiced in the state. The Minister also visited combined control room of the Shrimp Biofloc Units and was briefed about its functioning. Later, he visited ‘Fish Andhra’ vending outlet of the Department of Fisheries, Government of India at Dhanalakshmipuram and planted a coconut sapling to mark the occasion. Earlier in the day, Dr. Murugan inaugurated COVID 2nd dose vaccination camp organised by Swarna Bharat Trust, Venkatachalam for the age group of 18 years and above.

Cargo Volumes at Indian Ports Largely Back To Pre-Covid Levels: ICRA

Chennai

Port Wings News Network n 5M FY2022, the volumes reached almost pre-Covid levels despite the second wave, as economic activity recovers The volume growth should aid revenue and margin improvement for the port sector in FY2022, as companies benefit from operating leverage ICRA Ratings expects the overall volumes at Indian ports to continue witnessing improvement and the same in FY2022 is likely to surpass FY2020 (pre-Covid) volumes. The optimism is based on the performance of the sector in 5m FY2022 wherein all segments except fertilisers have witnessed healthy Y-o-Y growth. The overall cargo volumes are largely stable in 5M FY2022 in comparison to similar period in FY2020 and are driven by healthy growth in containers, iron ore and other miscellaneous segments. The positive growth can also be attributed to the base effect since the same period during last fiscal (FY2021) was most severely impacted by the pandemic-related lockdown. The exceptions to volume growth (apart from fertilisers) are POL and coal volumes which have remained subdued. POL and thermal coal segments had remained subdued in FY2021 too due to demand contraction and while there has been a Y-o-Y improvement in 5m FY2022, the volumes remain lower compared to FY2020 levels. Commenting on this, Mr Sai Krishna, Assistant Vice President & Sector Head at ICRA, says, “Cargo volumes at Indian ports had witnessed a sharp contraction of ~14% during H1 FY2021, following the

strict lockdown measures imposed which had resulted in severe economic contraction. However, in H2 FY2021, except for Feb 2021, the volumes witnessed Y-o-Y growth driven by easing of containment measures and a pickup in economic activity with Y-o-Y growth of ~3% in H2 FY2021. In 5M FY2022, volumes reached almost pre-Covid levels despite the second wave of Covid-19, as economic activity improved. Overall cargo volumes are expected to grow by 7-10% Y-o-Y in FY2022 and by 1-4% compared to FY2020, driven by the economic recovery.” The sector has witnessed consolidation in the last few years, with acquisition of ports and port assets by larger players. The trend is expected to continue as some of the weaker entities or strategic standalone assets get acquired by stronger and larger players. Mr. Ravish Mehta, Senior Analyst, ICRA Ratings, adds: “In FY2021, due to the lower cargo movement, the cash flows of some entities which had recently commenced operations or concluded debt-funded capacity expansions had come under pressure despite the liquidity support measures provided by the MoS and the RBI. However, as expected, the SPVs promoted by stronger sponsors have had the financial flexibility to weather the downturn and their debt servicing has not been materially impacted.” Going forward, with healthy volume growth expected for FY2022, the performance of the segment is expected to improve as they will benefit from the operating leverage. The profitability of ports should recover in FY2022 due to improved capacity utilisation and benefit of operating leverage.

Oct. 13th - 19th, 2021 Issue

Shipping Minister Inaugurates Sonowal Compliments SCI for Projects At Syama Prasad Contributing to Prime Minister’s Vision of Mookerjee Port Trust Transformation Through Transportation Mumbai

Mumbai

Port Wings News Network eing the biggest transporter of the sea, the Shipping Corporation of India has contributed significantly to fulfilling Prime Minister’s vision of Transformation through Transportation. This was stated by the Union Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal, addressing the diamond jubilee celebration of the corporation, in Mumbai. Union Minister of State for Ports, Shipping and Waterways, Shri Shantanu Thakur was also present on the occasion. The Minister congratulated the SCI and its past and present employees for becoming a symbol of success for its contribution during the 60 years of its existence. “SCI will have to further show its strength in the future”, he said. We have to work with the spirit of Team India, every citizen has to demonstrate his/ her strength and succeed and take the nation forward, the Minister said. Speaking about the potential of the maritime sector, Shri Sonowal said that we should make people realize the power of sea as a resource and use it in the right way, by deploying the right technologies. “There are many more steps we need to take in the maritime sector, for the development of our nation and the world.” He exhorted SCI to take many more initiatives in the sector, and improve awareness of the potential of the sector among people in different regions across the country. The Minister also praised SCI for organizing the diamond jubilee programme only with in-house people and no outside help, thereby displaying a spirit of self-reliance and Aatmanirbhar Bharat. The Union Ministers virtually flagged off MV SCI Chennai from Kandla Port for EXIM trades with the middle-eastern countries. The

vessel will sail from Kandla, proceed to Kochi and Tuticorin for loading export cargo and sail towards the Middle East. Shri Sonowal felicitated the allwomen crew members of SCI’s MT Swarna Krishna which was flagged off from JNPT Liquid Berth Jetty on March 6, 2021 and created history. Congratulating the brave-hearts, the Minister said to them: “The women of the India are marching

forward, thanks to the steps taken by the government for women’s empowerment. I am sure that more women will join this movement in the coming days. You have set a big example which will bring more women into this field in the future”. The voyage was a historic one for the global shipping sector and the Union Minister extolled the courage of the woman seafarers and termed them as a glowing example of India’s Nari Shakti taking on a male dominated industry. Union MoS Shri Thakur said, “We are striving to develop all major ports of India in every possible manner in accordance with international standards”. Shri Sonowal also virtually launched a coffee-table book on the eventful journey of SCI over the last 60 years. The coffee-table book may be accessed here. Coinciding with the program, the Union Minister planted a Tulsi sapling at the SCI campus and

witnessed a colourful play and cultural display showcased by members of the SCI family. The dignitaries present on the occasion included Lok Sabha MP Shri Manoj Kotak, Shipping Secretary Dr. Sanjeev Ranjan, Chairman of Mumbai Port Trust Rajeev Jalota and CMD of SCI Mrs. HK Joshi. Chairperson & Manaaging Director, SCI Mrs. HK Joshi said, “SCI’s innovative measures and financial prudence have been a great contributor to the organization”. The event showcased cultural programs which highlighted the achievements of the organization over the last 60 years. The event was attended by officials of the Ministry and of Directorate General of Shipping. The Shipping Corporation of India was established on October 2nd, 1961, by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. The Government of India has conferred “Navratna” status to SCI on 01.08.2008 - enhanced autonomy and delegation of powers to the Company towards capital expenditure, formation of Joint Ventures, mergers, etc. The Shipping Corporation of India in its 60th year of rendering shipping service has promoted EXIM trade and contributed to the global economy. Efficient, cost-effective and sustainable transportation of goods is paramount to SCI – a flag bearer of the Indian Maritime Sector since past six decades. SCI today is the largest Indian Shipping company owning/operating a well-diversified fleet of 59 vessels (5.3 million DWT tonnes) constituting about 28% of the Indian tonnage serving domestic/international trade. SCI manages 50 vessels (0.38 million DWT tonnes) on behalf of its JVCs (India LNG Transport Companies) and various government departments/ organizations.

GEF India Largest Importer of Crude Sunflower Oil in India Hyderabad Port Wings News Network emini Edibles & Fats India Limited (GEF India) the makers of Freedom Refined Sunflower Oil bagged the Platinum Award in the category ‘Highest Importer of crude Sunflower Oil in India’ at Globoil award 2021. The Globoil Awards are the most credible recognition for excellence in the various spheres of activities in the edible oil industry. This recognizes GEF India as the largest importer of crude Sunflower Oil in India for 2020-21. This crude oil is processed at 3 refineries of GEF India as per specified standards and distributed across the markets. Speaking on the occasion Mr. P. Chandra Shekhara Reddy, Senior Vice President – Sales & Marketing, Freedom Healthy Cooking Oils said, “We are happy to receive the Globoil award for being the largest importer of crude Sunflower oil in India. We thank the customers, distributors and retailers for their valuable support and patronage.

Through the ‘Freedom’ brand, we strive to provide quality products at an affordable price to consumers.” With growing health consciousness, a transition can be witnessed in favor of oils which

are positioned as healthy. Soft oil varieties such as sunflower, mustard, groundnut and rice bran are perceived to be healthier than palm oils and its fractions. Sunflower oil consists of a mix of monounsaturated and polyunsaturated fatty acids and has a high smoking point. It is

therefore considered suitable for Indian cuisines as it can hold onto its nutritional content at higher temperatures. Freedom Sunflower Oil is fortified with Vitamins A & D. It is also rich in naturally occurring Vitamin E. It is a preferred choice for daily consumption by health-conscious customers. GEF India is the market leaders in the sunflower oil category with ‘Freedom’ brand, in the states of Telangana, Andhra Pradesh, and Odisha, and hold the third largest market share in the state of Karnataka. (Source: Nielsen). Despite being a regional player, the company is amongst the top two companies by market share in the branded sunflower oil category on a pan-India basis as of Fiscal 2021. (Source: Nielsen) In 2018, The Globoil India ‘Emerging Brand’ award was given to ‘Freedom’ brand.

Port Wings News Network nion Minister for Ports, Shipping and Waterways Shri Sarbanand Sonowal inaugurated the Liquid Medical Oxygen Vessel at the Syama Prasad Mookerjee Port Trust Centenary Hospital in Kolkata on 7 October. The plant will equip the 104 bed Port hospital with 24x7 oxygen supply, while boosting Covid care and treatment. The Minister is on a 2-day visit to West Bengal where he will inaugurate, launch and dedicate to Nation several projects worth Rs 352 crore. The Minister inaugurated Fog Cannon and Automatic Sweeping Machine at Netaji Subhas Dock, Kolkata as a part of Green Port initiatives. These initiatives will help in dust suppression and environmental control in port areas. He also inaugurated the Penna Cement Plant (port led industry) and Reefer Park at the Dock. The Reefer Park will augment EXIM capabilities and boost export of agri/ fishing produce. Shri Sonowal later inaugurated the Pre-gate facility and flagged-off the first vehicle carrying export container from the Pre-gate at Kidderpore Dock, Kolkata. He also planted a sapling to mark the occasion. He also inspected the Kidderpore Dock and took stock of various facilities and works. NEW SHIPPING CONTAINER TERMINAL TO BE DEVELOPED AT KHIDDERPORE A new shipping container terminal is coming up at Khidderpore to handle barges and small ships with an eye to connect with north east India via the Indo-Bangladesh Protocol river route, reports The Telegraph. Six companies, including Adani,

are in the fray to develop the terminal which may call for Rs 180 crore investment. Once the terminal is developed and the riverine stretch on the Yamuna is navigable up to Chilmari Port — in northern Bangladesh bordering Assam — Syama Prasad Mookherjee Port , Calcutta, may play an important role in connecting north eastern India by a river route. The port and the connectivity to the north east is in focus after Sarbananda Sonowal took over as the Union shipping minister. Sonowal, who hails from Assam, is now on a two-day trip to Calcutta and Haldia, his first after taking the ministerial portfolio. At present, barges and ships are going to Bangladesh with cargo. However, vessels are unable to reach Chilmari because of low river depth. The Indian government is now funding the dredging of a

110 km stretch between Sirajgunj to Chilmari to make it navigable. “Cargo will come from north and central India by railways, loaded to barges which will go all the way up to the Indo-Bangla border. There may be demand to send edible oil from here while tea could be return cargo from Assam,” Vinit Kumar, chairman of SMP, Calcutta, said. If successful, this river route could provide an alternative gateway to landlocked north eastern states to do business with the rest of India and the world.

Tirupur Exporters Association Requests For Extension Of Interest Equalisation Scheme For Another Two Years Chennai

Port Wings News Network hri. Raja. M. Shanmugham, President, Tirupur Exporters Association (TEA) has appealed to Shri. Piyush Goyal, Union Minister of Textiles & Commerce to help for extension of Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit for another two years to make knitwear garment exporting units, particularly MSMEs to enhance their competitiveness in the Global Market and sustain in the business. Shri. Raja. M. Shanmugham said 5% Interest Subvention on Pre and Post Shipment Rupee Export Credit was available for MSMEs and 3% Interest Subvention for NonMSMEs up to 30th September 2021.

Shri.Raja.M.Shanmugham said when our exporting units are not having a level playing field in the Global Market compared to our competing countries like Bangladesh, Vietnam and Cambodia, the extension of Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit with retrospective effect from 1st October 2021 for another two years is very much required and this will help the exporting units to workout their costing in advance and take up the orders based on this. He further said the units have been taking efforts to come out of the impact caused due to First and Second wave of COVID Pandemic and need this financial support to come out of the crisis.

Oct. 13th - 19th, 2021 Issue

JNPT Celebrates ‘Azadi Ka Amrit Mahotsav’, Implements Series of Initiatives Port Wings News Network o commemorate 75 years of progressive India and its glorious history, Jawaharlal Nehru Port Trust (JNPT), one of India’s premier container handling ports, has undertaken a slew of activities and initiatives as part of the ‘Azadi Ka Amrit Mahotsav’ celebration. The ‘Azadi Ka Amrit Mahotsav’ is an intensive, countrywide campaign implemented by the

orphanages. Commenting on the ongoing ‘Azadi Ka Amrit Mahotsav’ celebration, Shri Sanjay Sethi, IAS, Chairman, JNPT, said, “The Azadi Ka Amrit Mahotsav is a nationwide effort to recognize and celebrate everything progressive about India’s sociocultural and economic ethos. By

based on themes highlighting India’s unique culture and glorious history. Also, JNPT employees assembled in a human 75 figure to commemorate the 75 years of India’s progress and sang the National Anthem, symbolizing the unity of our nation. Furthermore, the Port also conducted a yoga session and installed informative signage boards and informative banners across the Port promoting the ideals of ‘Swachha Bharat Abhiyan’ while

Government of India that aims to engage citizens into nation-building activities. Fulfilling its commitment towards uplifting the marginalized sections in the surrounding region, JNPT extended assistance to four orphanages located within the Port district as part of its community outreach under ‘Azadi Ka Amrit Mahotsav’. JNPT facilitated and equipped them with essential amenities such as cement concrete benches, sitting mats, an industrial water cooler with a purifier for drinking water, and inverters to improve the quality of life of those inhabiting these

implementing new initiatives and public engagement activities, we intend to exhibit and accentuate India’s transformation. JNPT has been consistently spreading awareness and actively contributing to this campaign and has also planned several activities in the months ahead. Together, with our employees and stakeholders, we are confident further to strengthen this nationwide movement through our active participation.” Among other initiatives and activities undertaken by JNPT as part of ‘Azadi ka Amrit Mahotsav’, the Port organized essay writing, singing, and quiz competitions

JNPT staff and officials engaged in cleanliness and tree plantation drives. In the months ahead, as part of ‘Azadi Ka Amrit Mahotsav,’ the Port plans to organize activities such as providing assistance to the underprivileged children surrounding the Port district, organizing health checkup/eye checkup camps, felicitation program of alive freedom fighters living nearby port region., host series of inspiring lectures by prominent personalities from diverse fields, conduct career guidance, nutrition awareness, self-defence training camps for communities living nearby Port, and furthermore.

Mumbai

First Consignment of Kashmir Walnuts From Budgam Despatched New Delhi Port Wings News Network he first consignment of Kashmiri walnuts was recently flagged off from Budgam. A truck carrying 2,000 kgs was despatched to Bengaluru, Karnataka under the One District, One Product (ODOP) Initiative of the Ministry of Commerce & Industry. Kashmir accounts for 90% of India’s walnut production. With their superior quality and taste, the Kashmiri walnuts are a great source of nutrients and hence widely in demand across the globe. There is immense potential for this product to make its place in the local and global markets. The successful facilitation of trade was marked with a flag off by Additional Secretary, Ms. Sumita Dawra, DPIIT on 26th September 2021 that was organised in collaboration with the Jammu and Kashmir Trade Promotion Organization (JKTPO). Mr. Ranjan Prakash Thakur, Principal Secretary to Govt. Industries and Commerce, J&K, Ms. Tazayun Mukhtar, Director, Industries, Kashmir, Ms. Khalida, Deputy Director, Horticulture, Kashmir, Ms. Ankita Kar, MD, JKTPO and Invest India Team.

Recognizing that walnuts were being imported into India on a large scale despite the availability of Kashmir walnuts, the ‘ODOP’ team began an in-depth market analysis and stakeholder consultations in Kashmir. Further, importers of walnuts in India were contacted and through dedicated handholding at both ends, the ODOP team was able to facilitate the procurement. Such efforts also give a boost to

the AatmaNirbhar Bharat campaign as, for instance, in this case the Bangalore-based importer, who was previously sourcing walnuts from the US, is now able to distribute quality walnuts at a fraction of the

import cost. On the sidelines of the flag off event, a roundtable conference was organised in Budgam wherein inputs were sought from industry representatives. Regional Director PHDCCI, Iqbal Fayaz Jan, Baldev Singh, Himayun Wani, Bilal Ahmad Kawoosa, President KCCI, Sheikh Ashiq, Farooq Amin, and President FCIK, Shahid Kamili shared their insights and experiences with respect to the trade and export ecosystem in Kashmir. Horticulturists and trade representatives recommended the way forward includes domestic and international m a r k e t i n g through BuyerSeller Meets, e-commerce onboarding of more agricultural and handicraft/handloom products as well as creating product/scheme awareness for products from each district which will be supported by the ODOP initiative under the Ministry of Commerce & Industry.

APEDA Flags Off First Export Consignment of Value-Added Products Derived From Jackfruit, Passion Fruit & Nutmeg (Jaiphal) From Kerala To Australia New Delhi Port Wings News Network he Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated exports of the first consignment of various value-added and nutri-rich products derived from Jackfruit, Passion fruit and Nutmeg (Jaiphal) sourced from farmers in Thrissur, Kerala, to Melbourne, Australia. These products have a shelf life of more than one year. APEDA is promoting exports of value-added and health products as part of the Prime Minister Shri Narendra Modi’s aim for achieving $ 400 billion merchandise exports by 2021-22. Dr. M Angamuthu, Chairman, APEDA and T V Subhash, Director of Agriculture, Kerala, exporter and importer along with other officials of APEDA took part in the virtual flag off ceremony held on 5 October. In the current fast-food era, consumers’ preference is shifting towards health food. The gluten free products prepared from healthy options like Jackfruit, Passion fruit etc are providing a viable alternative against the consumption of fast food.

Jackfruit, originated in Western Ghats, was declared the state fruit of Kerala in March, 2018. The largest tree borne fruit is dense in fiber, protein, vitamins and minerals. The tropical fruit is the popular meat substitute among vegans due to its protein content. In addition to the use of fruit, seed and pulp, Jackfruit leaves, bark, inflorescence and latex are used in traditional medicines too. With the growing awareness of health and nutritional properties of the fruit and sustained efforts of Jackfruit farmers and entrepreneurs across the country, it is anticipated that the Jackfruit will definitely become the most sought-after fruit in the coming years. The major export destinations of Jackfruit are Singapore, Nepal, Qatar, Germany etc. Passion fruit is a nutritious tropical fruit rich in antioxidants, vitamins and fiber. It is a beneficial fruit with a healthful nutrition profile important for skin, vision & immune system. Because of the richness, massive market potential, and unlimited number of benefits that these fruits provide, there are huge opportunities for expanding exports of with its innovative products.

TPCI Organises India-Russia Ceramic Buyers-Sellers Meet Chennai

Port Wings News Network rade Promotion Council of India successfully organised the India-Russia Ceramic Buyers Sellers Meet on October 5, 2021 in Moscow in collaboration with the Embassy of India in Moscow. This was the first visit of ceramic and tiles exporters to Russia post the pandemic. The BSM was inaugurated by Ms. Gina Uika, Deputy Chief of Mission, Embassy of India in Moscow. Also present during the inauguration were Asim Vohra, First Secretary, Embassy of India, Moscow; Naveen Chaudhary, Second Secretary, EoI Moscow and Faraz Khan, Assistant Director, Trade Promotion Council of India. Speaking at the inauguration Ms Gina Uika, said ‘’ Russia is a growing market for ceramics which Indian tiles manufactures can easily leverage. Russia imports a substantial quantity of ceramics products from the overseas market, which Indian exporters should see as a strong potential market. With Make in India and Atmamnirbhar Bharat policy, India can very well increase its footprint in this sector.`` Thirty prominent Ceramics and Tiles Exporters companies with 40 member delegation from India. More than 50 buyers visited the

show and engaged with participants during the BSM. Few of the prominent buyers which visited the BSM included; Kerasol LLC, Rusplitka, Mosplitka, Galion Trade House, DonCream, Neva Trading, StoryGranit, EuroInterior, BaltikHouse, Nanaosan, etc. In a statement TPCI said, “The burgeoning ceramic market of Russia is a big opportunity for Indian exporters to capitalize trade.” In terms of value, India’s total exports of ceramic stood at US$ 1.9 billion in 2020. During 2016-20, India’s ceramic exports have grown at a Compounded Annual Growth Rate (CAGR) of 17.5%. Russia is the world’s 12th largest importer of ceramic products, with its import demand increasing at a CAGR of 7.5% during 2016-20. Russia’s total import of ceramics from the world in 2020 stood at US$ 932 million. Furthermore, India’s supply to this market has increased from US$ 10.7 million in 2016 to US$ 32.9 million in 2020. A report by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) has identified ceramic products as a highly potential sector to boost India’s exports to Russia. In 2020, India was the 5th largest exporter of Ceramic products, accounting for 3.5% of world exports.

Oct. 13th - 19th, 2021 Issue

JNPT Records 40 percent Growth in Container Traffic in First Half of FY 21-22

Mumbai

Port Wings News Network awaharlal Nehru Port Trust (JNPT), one of India’s premier container ports, handled 2,703,051 TEUs during the first half of the FY 2021-22 against 1,925,284 TEUs, which is 40.40% higher than the container traffic over the same period of last year. The rail coefficient in the first half of FY2021-22 was 18.04%. The total container traffic handled in September 2021 stood at 452,108 TEUs, witnessing a growth of 18.86% over the same month of last year. NSIGT crossed the 1 lakh TEUs mark in a month by handling 1,00,814 TEUs in September-2021, the highest ever TEUs handled since its inception. Commenting on the half-yearly performance, Shri Sanjay Sethi, IAS, Chairman, JNPT, said, “JNPT has been undertaking various measures to ensure the port is at par with technologically advanced global ports. Recently, Union Minister for Ports, Shipping, Waterways & Ayush, Shri Sarbananda Sonowal flagged off Dwarf container train services from JNPT which is a pivotal step towards streamlining the rail movement of EXIM cargo via double-stacked dwarf containers. This will provide the EXIM community a competitive cost advantage by lowering hinterland logistical costs, while simultaneously enhancing rail-cargo traffic at JNPT. Likewise, in a technological push, JNPT installed two mobile x-ray scanners at NSICT and APMT to give the security agencies an advantage of taking appropriate action before the container is allowed to exit

and enhance our efficiency and considerably reduce import dwell time due to independent scanning facilities for each Terminal.” JNPT has constantly strived to innovate the maritime trade and logistics sector and consistently open new avenues for growth to propel India’s growth story further. The newly constructed coastal berth will give a push for coastal cargo movement and provide better infrastructure for coastal shipping and decongest rail and road networks, ensuring cost-competitive and effective multi-modal transportation solutions. In addition to this, JNPT handed over a letter of intent to successful bidders of 9 plots in JNPT SEZ to boost portled industrialization. JNPT SEZ is poised to attract more leading global companies for making India a manufacturing hub as the infrastructure development underway in JNPT SEZ is as per the international benchmark. JNP-CPP App was launched to provide access to live data of CPP operation and much needed real-time visibility across the supply chain. Currently 5 container terminals operate at JNPT: The Jawaharlal Nehru Port Container Terminal (JNPCT), the Nhava Sheva International Container Terminal (NSICT), the Gateway Terminals India Pvt. Ltd. (GTIPL), Nhava Sheva International Gateway Terminal (NSIGT) and the newly commissioned Bharat Mumbai Container Terminals Private Limited (BMCTPL). Apart from containers, port also has twin berth Liquid Cargo jetty for handling of Liquid Bulk cargo, which is managed and operated by BPCL-IOCL consortium. For general cargo handling port has Shallow Water Berth & newly commissioned Coastal Berth).

V.O. Chidambaranar Port Sets Sight To Establish Multimodal Logistics Park Tuticorin Port Wings News Network .O. Chidambaranar Port, the economic engine of South Tamil Nadu, offers a maximum draft of 14.20 metres to accommodate bulk carriers upto 95,000 DWT and Container vessels upto LOA of 300 metres. The port’s two container terminals, with the capacity to handle 1.17 Million TEUs of Containers are well supported by 17 Container Freight Stations & one ICD. The terminals facilitate daily connectivity to Colombo and reaching further to the Far East, through its weekly mainline services. V.O. Chidambaranar Port, the fastest growing Port in Tamil Nadu, is growing hand in hand, along with the growth of Indian economy. This has resulted in a significant rise in the volume of freight moved by road. In VOC Port, 76 % of cargo is transited by road, 20% by conveyor, and 2% by pipeline and rail. More than 3000 trucks ply through the Port road connectivity everyday to transit the EXIM cargo, that are seamlessly connected to Tirunelveli and beyond in the South, and Madurai to cater to the northern hinterland, through NH138 and NH38. The 595 km long East Coast Road also connects Chennai. The Port is well connected to the Indian Railway network through the Meelavittan – Madurai broad-gauge line. This enables faster and effective cargo transfer to Dindigul, Karur, Bengaluru, Coimbatore and Chennai regions. The overall cargo handling through VOC Port is forecast to reach 125.68 Million Tonnes of Cargo by the year 2047-48 and the Port’s container traffic is forecast to reach 3.41 Million TEUs by the year 2047-48. The current landscapes of manufacturing hubs are located mainly in the secondary hinterland i.e., Coimbatore, Tiruppur, Salem, Erode, Pollachi, Karur, Rajapalayam, Madurai

etc. Considering the huge potential, VOC Port has proposed for setting up of Multimodal Logistics Park due to its advantages such as excellent Rail-road connectivity, proximity to Main Sea Route, all weather operational conditions, and geographic position to link Eastern coast with the Western coast. The Multimodal Logistics Park would facilitate infrastructure for enabling seamless multimodal freight transfer, and specialized storage solutions, such as cold storage, warehouses equipped with mechanized material handling and intermodal transfer terminals for containers, bulk and break-bulk cargo. Further, the MMLP would be offering value-added services such as Customs clearance, bonded storage yards, quarantine zones, testing facilities, warehousing management services, post-manufacturing activities such as kitting and final assembly, grading, sorting, labelling, packaging etc. In order to select the optimal locations for setting up of logistics park, the Port has tentatively identified Coimbatore, Madurai and Tuticorin as the three potential locations for establishing the Multimodal Logistics Park in an area of about 100 acres. The Port is holding interactions with stakeholders at hinterland & industrial associations for the development of MMLP. Based on the preliminary inputs, Land parcel with road and rail connectivity will be identified and the proposal will be submitted to the Government for approval. Setting up of Multimodal Logistics Park would aid in reduction of logistics cost of EXIM cargo, reduction in pollution and congestion caused by cargo trucks movement and reduction in warehousing cost, driven by lower rentals in logistics parks situated outside the city limits. The V.O. Chidambaranar Port is committed to provide more Ease of Doing Business measures and bring down the logistics cost through innovative measures.

Slow Decision Making On VLGC Ships Purchase Costs SCI Dear Chennai

Port Wings News Network or close to 10 months, state-run Shipping Corporation of India Ltd (SCI) has been looking to buy two very large gas carriers (VLGC) to tap potential in a segment that has been growing on the back of India’s growing demand for cooking gas. While SCI, despite having a ‘navratna’ tag that allows greater financial freedom to staterun firms from government control in taking decisions, faltered, privately owned Seven Islands Shipping Ltd bought two gas carriers in September and chartered them to stateowned oil firms for two years, netting stable revenue in the process. After scrapping the tender issued in December last year, SCI floated a fresh tender in September to buy two VLGCs (one firm and one optional) that are 12-16 years old of 79,000-84,000 cubic metre capacity from the second- hand market. The first tender for 10-15 years old VLGC’s was discharged because those who had submitted the offers sold the ships to others as SCI delayed a final call on the purchase. “In SCI, the systems and processes are slow,” said a shipping industry executive. “It was bound to happen. There was assured business from state-run oil firms, but SCI could not finalise the purchase of VLGC’s on time and lost the contract,” he said. “There is no guarantee that the purchase will go through in the re-tendering,” he added. “The key in shipping is you have to be very swift,” said a second industry official. “If you wait for 1-2 years, the ship price will shoot up by 20-30 per cent. Then, it makes no sense in buying,” he added.

SCI currently has one VLGC on its fleet. It is keen to add more to cater to the demand from state-run oil firms to ship liquefied petroleum gas (LPG) into India, a business in which Indian flagged ships get a so-called right of first refusal (RoFR) to match the lowest rate quoted by a foreign flag vessel in a tender and grab the contract. In July, the Union Cabinet approved a subsidy scheme for Indian fleet owners for transporting crude oil, LPG, coal and fertiliser cargo for state-run firms. Local ship owners will get a 10-15 per cent extra on charter rates, depending on age slabs, on ships registered in India after February 1. For ships registered in India prior to February 1, the subsidy quantum ranges from 5-10 per cent, depending on the ship’s age. The subsidy quantum will be reduced by 1 per cent every year during the five-year tenure of the scheme. That aside, SCI is looking to utilise Rs133.85 crore left from the funds raised through a follow-on public offer (FPO) in December 2010, the proceeds from which were mainly intended to buy ships. Rates for shipping LPG has been performing well despite the overall slump in the tanker market. Currently, a very large gas carrier fetches $33,000-34,000 a day for its owner on a charter period ranging from 1-3 years, while a medium gas carrier earns $22,000-23,000 a day for the same tenure. India has overtaken Japan to become the second largest importer of LNG in the world. At any given time, Indian oil marketing firms require 20-22 very large gas carriers (VLGC) and 10-12 medium gas carriers (MGC) to haul LPG into the country.

Railways Successfully Operated Two Long Haul Freight Trains ‘Trishul’ and ‘Garuda’ New Delhi Port Wings News Network ndian Railways has successfully operated two long haul freight trains “Trishul” and “Garuda” for the first time over South Central Railway (SCR). Long haul trains, which are twice or multiple times longer than the normal composition of freight trains, provide a very effective solution to the problem of capacity constraints in critical sections. Trishul is SCR’s first long haul comprising of three freight trains, i.e., 177 wagons. This train was started on 07.10.2021 from Kondapalli station of Vijayawada division to Khurda division of East Coast Railway. SCR followed it up with running of yet another similar one named Garuda on 08.10.2021 from Raichur of Guntakal division to Manuguru of Secunderabad division. In both the cases the long haul

trains comprised of empty open wagons for loading of coal meant for predominantly thermal power stations. SCR is a one of the five major freight loading railways on IR. Bulk of SCR’s freight traffic moves in certain arterial routes such as Visakhapatnam-Vijayawada-GudurRenigunta, Ballarshah-Kazipet-Vijayawada, Kazipet-Secunderabad-Wadi, VijayawadaGuntur-Guntakal sections. As bulk of its freight traffic has to pass through these major routes, it is essential for SCR to maximize throughput available across these critical sections. Saving of path across congested routes, quicker transit time, maximizing throughput of critical sections, saving in crews are the major operational benefits of running long haul trains, which help IR serve its freight customers better.

Seafarer Vaccination Rates Improving

Chennai

Port Wings News Network accination coverage among seafarers is improving but the crew change situation remains challenging according to the monthly Neptune Indicator. The Neptune Indicator, which draws on data from 10 leading ship managers with around 90,000 seafarers onboard, showed an increase 31.1% at the end of September compared 21.9% a month earlier. While it shows vaccine access for seafarers is improving the number lags behind that of many large shipowning nations, the EU and the US. On the crew change front the number of seafarers onboard vessels for over 11 months

has slightly decreased from 1.2% to 1.0%, but there was no indication the situation was improving as whole. “It is encouraging to see the vaccination rate for seafarers going up and the number of seafarers onboard their vessels beyond the expiry of contracts is decreasing slightly. However, lockdowns, flight cancellations, and travel restrictions persist, thus posing continued challenges to crew changes globally,” said Kasper Søgaard, Managing Director, Head of Institutional Strategy and Development, Global Maritime Forum, which compiles the indicator. It was note that for the second month running ship managers reported a shortage of crew.

Oct. 13th - 19th, 2021 Issue

IMF Urges Governments To Make Fiscal Plans To Tame Pandemic Debt Chennai

Port Wings News Network overnments should start planning a return to more sustainable budgets with policies that win the trust of investors, after unprecedented fiscal stimulus to fight the COVID-19 pandemic, the International Monetary Fund has said, reports Reuters. But each country must determine the appropriate timing and pace of fiscal consolidation based on its own individual circumstances, the IMF said in its Fiscal Monitor report. The fiscal plans needed to consider the stage of the pandemic, existing fiscal vulnerabilities, the risk of economic scarring, pressures from aging populations, development needs and historical difficulties in collecting revenues. “There are countries where the pandemic is still raging and therefore the priority continues to be the health emergency,” IMF deputy fiscal affairs director Paulo Mauro told Reuters in an interview.

Other countries where economic activity is picking up “can start thinking about also gradually reducing the degree of fiscal support that they provide to the economy”, he said. A Fiscal Monitor chapter titled “Strengthening the Credibility of Public Finances” said countries that commit to medium-term fiscal sustainability with credible budget frameworks are rewarded with lower borrowing costs and a greater ability to refinance debts. “What we find in the report is, governments can commit credibly to fiscal sustainability, that buys them time, and it buys them flexibility in this very difficult period of the pandemic,” Mauro said. The report said IMF research showed countries with credible fiscal framework plans could more quickly reverse big jumps in debt, with feasibility for a 15% increase in debt to be reversed in a decade, absent additional shocks. The Fund recommended that

countries commit to broad fiscal targets with underlying tax and spending policies for the next three to five years, with specific policies, such as a tax increases or raising the age for securing retirement benefits. Fiscal rules, such as keeping budget deficits within a certain percentage of gross domestic product, or independent fiscal councils within governments could add credibility, it said, adding that goals that were easy to communicate helped. But the IMF said fiscal plans should be flexible to allow economies to stabilize and avoid cuts in key public investments. “Changes to taxes or spending can be pre-legislated and can be made contingent on the recovery,” the IMF said. It cited Britain’s announcement that corporate rates would rise in April 2023, and Israel’s passage of a sunset for extended unemployment benefits linked to achieving a lower jobless rate.

Singapore Registry Introducing New Technology, Welfare, Green Notations Chennai

Port Wings News Network our new notations are being introduced for vessels on the Singapore Registry of Ships (SRS) to recognising investment in areas such as technology, welfare and environmental, the latter including fee rebates and reductions. The new SRS notations being rolled out by the Maritime & Port Authority of Singapore (MPA) and were announced by Chee Hong Tat, Senior Minister of State for the Ministry of Transport, as the Registry celebrated its 55th anniversary. The four new notations – Smart, Cyber, Welfare and Green – are being introduced from 1 November for Singapore-flagged vessels that

fulfil the requirements of each category and will be issued with a certificate of recognition. The smart notation will be awarded to vessels adopting digital solutions to improve safety and operations; the cyber notation for vessels that have adopted advanced cyber security measures; the welfare notation for vessels with good infrastructure and welfare amenities; and the green notation for vessels that have implemented solutions to reduce their carbon emissions. “Singapore-flagged vessels that qualify for the SRS Green Notation will receive additional benefits, such as a reduction in their Initial Registration Fees and rebates on their Annual Tonnage Taxes,” said Minister Chee. “MPA plans to roll

out these incentives for awardees of the SRS Green Notation.” He added that the authorities were considering incentives for other notations in future. Singapore aims for the notations to be universally recognised and the MPA is engaging major charterers to consider vessels with the notation more favourably. “We will work closely together with our industry and union partners to further develop and grow this initiative,” Minister Chee said. The SRS has more than 4,000 ships with an aggregate gross tonnage of 93m gt, and an average vessel age of 10.9 years. Following the announcement of the new notations Wan Hai Lines received the Top Net Tonnage Contributor Award.

Coca-Cola Charters Bulk Carriers As Container Crisis Spreads Out Of Control Chennai

Port Wings News Network lobal beverages giant CocaCola has decided to charter three bulk carriers for the supply of raw materials to its global chain of production units. The revelation was made by Coca-Cola’s procurement director, Alan Smith in form of a Linkedin post, which held the growing chaos in container shipping responsible for the alteration. The post was shared along with images of three loaded handysize bulk carriers, chartered to transport more than 60,000 tonnes of supplies. The recruited vessels include 35,009 dwt WECO LUCILIA C owned by AM Nomikos, 34,399 dwt APHRODITE M provided by

Empire Bulkers, and the Zhejiang Shipping owned 35,130 dwt ZHE HAI 505. Coca-Cola is among various other global brands like Walmart, Ikea, and Target to have established alternatives to container shipping, amid exorbitant freight rates caused by a severe shortage of containers. Smith’s post on Linkedin read, “When you can’t get containers or space due to the current ocean freight crisis, then we had to think outside the box (or the container).” Coca-Cola has put in place a unique strategy like various other companies who have modified the dry bulk carriers to carry containers, like the three Saga Welco bulk carriers, chartered by Walmart. Coca-Cola has decided to transport

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the essential production supplies in large sacks stored in cargo holds, used normally to store and transport coal and grains in open. The revelation post also highlighted the policy to divert these production supplies equivalent to 2800 TEUs to noncongested ports. The company aims to aid relaxation of port congestions that have added to the current container shortage. On the other hand, many have highlighted logistical challenges that the US ports might face to unload the large sacks onto trucks and trains, adding to their burdens. No clarification has been made in regards to these concerns or questions about the duration of these extraordinary measures taken. The chaos that has grappled with container shipping is bound to last for the foreseeable future and it is expected that various others follow the suit to hire bulk carriers to meet their needs, just like Coca-Cola.

NEWS - BITS Port of Riga Successfully Competes in Grain Handling Segment in Baltic Region

According to operational data of the Port of Riga, in 9 months of the current year, 15.2 million tons of various cargo were transshipped through the port of Riga, moreover, in September 2021, + 8% more cargo was handled in comparison with the same period last year. In total, most of the handled cargo were forestry products, i.e. 4.6 million tons (+ 10% compared to September 2020), about 3 million tons of containerized cargo and about 2 million tons of grain products, the volume of which has increased by more than 10% compared to 2020. Not only the total amount of grain grown in Latvia and transshipped via the port is significant, but also the volume of agricultural cargo of foreign origin shipped through the Port of Riga - in 2020, 32% of grain cargo transshipped through the port was delivered directly from Lithuania, Russia, Estonia and other countries. That means that shippers of agricultural cargo based abroad choose the terminals of the port of Riga instead of the local ports as a more advantageous location for transshipment of their products. “The competitiveness of the provided service is determined by several factors - port dues and charges, cargo handling efficiency, inland connections, geographical location, infrastructure, as well as the range and quality of services available in the port”, emphasized Viesturs Zeps, Chairman of the Freeport of Riga Board.

HPC To Survey Information Systems For Inland Waterway Ports And Terminals In Europe

HPC Hamburg Port Consulting, the leading logistics consultancy for ports, maritime and inland terminals as well as intermodal rail transport, has been commissioned by the German Directorate-General for Waterways and Shipping (GDWS) to conduct a study on information services for ports and terminals. The analysis is being carried out as part of a European project aimed at developing a digitalisation strategy for freight transport on continental Europe’s inland waterways, according to Hafen Hamburg’s release. As the central federal authority of the Federal Waterways and Shipping Administration, the GDWS is participating in the “Digitalisation of Inland Waterways” (DIWA) project, which is funded by the EU’s Connecting Europe Facility (CEF) programme and involves four other national inland waterway authorities: the Netherlands, Belgium, France and Austria. The project aims to develop a common, integrated strategy for the digitalisation of the inland waterways of the TEN-T corridors, making the transport mode more competitive and sustainable in the long term. As part of the business process developing a framework for the DIWA master plan, HPC has been commissioned to explore the information services for ports and terminals. The focus will be on building an inventory of the data inter-faces between inland navigation operators and European ports, as well as the IT system landscape. The aim is to determine the existing level of digital maturity and future potential with regard to the digitalisation of the processes engaging ports and inland navigation.

Fincantieri And MSC Celebrate The Start Of Construction Of “Explora II”

The first steel of “Explora II”, the second of four new-concept luxury cruise ships that Fincantieri is building for Explora Journeys, the new luxury brand of the cruises division of MSC Group, was cut at the Castellammare di Stabia (Naples) shipyard. The order for this class of ships, announced in 2018, is worth a total of over 2 billion euros, according to the company’s release. “Explora I” is under construction in Monfalcone, while “Explora II” will be built at the Sestri Ponente (Genoa) yard, with deliveries respectively in 2023 and 2024. Attending the event, among others, were MSC Executive Chairman, Pierfrancesco Vago, Explora Journeys CEO, Michael Ungerer, and Fincantieri General Manager Merchant Ships Division, Luigi Matarazzo. All four vessels will have a gross tonnage of approximately 64,000 tons and will feature the latest maritime and environmental technologies and solutions available. Each equipped with 461 guest suites, they will also showcase a highlyinnovative design, also under the guests’ comfort and relaxation profile. Including these four vessels, the partnership between Fincantieri and the cruises division of MSC Group counts 8 ships to-date: “MSC Seaside” and “MSC Seaview”, delivered in 2017 and 2018, and the 2 two enriched Seaside Evo ships “MSC Seashore”, delivered in July, and her sister ship, “MSC Seascape”, which will enter into service next year.

CUSTOMS EXCHANGE RATES Notification No.80/2021 (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 8th Oct. 2021

RATE (INR) Import Export 55.75 204.95 60.55 11.80 11.85 88.10 9.80 256.50 53.20 8.90 103.40 21.15 20.60 56.05 5.15 8.65 82.30 8.70 21.05 75.70 68.40 6.50

53.40 192.40 58.40 11.45 11.40 84.95 9.45 240.25 50.85 8.55 99.95 19.70 19.35 54.15 4.85 8.35 79.10 8.15 19.75 74.00 65.95 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 (13.10.2021)

Chinese Traders Turn To New Routes To Get Much-Needed Coal Mumbai

Port Wings News Network he coal shortage in China and India may give a boost to dry bulk shipping as traders look to new sources to plug a growing supply gap. Demand for coal is part of the driving force behind a massive rally in capesize bulker rates, with spot earnings for the vessel class now averaging in the range of $85,000 per day. China has been grappling with regional power grid stress due to low coal supplies, high energy prices and an ambitious emissionsreduction push. As Chinese factories strive to meet burgeoning Western demand, power consumption has shot up by about 13 percent over the course of the year, putting extra strain on the electrical grid. Local officials have responded by ordering some power-intensive industries to temporarily close up shop or reduce operations. Part of the energy shortage is self-imposed: due to a diplomatic spat, China has halted purchases of coal from Australia, which was traditionally one of the biggest foreign suppliers to the Chinese market. More than 90 percent of China’s coal is produced domestically, but the rest has to be imported, and traders are now looking at

alternative sources - including some unconventional options located much further away. In Zhejiang, a division of provincial power utility Zhejiang Energy found a way to source coal from Kazakhstan. The firm had the coal delivered to the Russian Black Sea port of Kavkaz, loaded aboard

Russian port and transloading it onto a different vessel, then falsifying the paperwork to disguise its true origins. Daily NK reports that Chinese officials are choosing to turn a blind eye to this trade, as its illegality is less important than the demand for much-needed coal. Chinese buyers are also turning their gaze further

a bulker, and shipped all the way to Liuheng, Zhejiang. It was the first shipment of its kind. Some private traders are stepping up their efforts to buy illicit North Korean coal, according to Daily NK. Though this is a violation of UN sanctions, it has historically been done by shipping the coal to a

afield, boosting imports from Canada, Russia and the Philippines, according to the Global Times. Canadian exports of coal to China are up by 67 percent year on year, according to the outlet. Still, traders do not expect that these alternative supply chains will be enough to fill the gap.

Oct. 13th - 19th, 2021 Issue

BIMCO Supports IMO Development Of Global Remote Inspection Guidelines Chennai

Port Wings News Network uring the COVID-19 pandemic, the shipping industry has faced challenges when it comes to conducting surveys and inspections physically on board ships. As a result of social distancing requirements during the pandemic, remote surveys and inspections for the certification of materials and components have been successfully used and have proven to be a helpful alternative to on-site surveys. Now, global guidelines are needed. The development of guidelines for remote surveys has been proposed to the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting, held online 4 – 8 October 2021, with the aim of establishing global and uniform implementation of such guidelines. BIMCO will be attending the MSC meetings. The forthcoming IMO MSC meeting (session 104) will consider the new proposal to develop guidelines on remote surveys, with a view to global and uniform implementation. The pandemic has underlined the importance of developing common requirements for the implementation of remote survey approaches to overcome the challenges of carrying out the surveys on board and in person.

The question is whether a ship can be successfully surveyed remotely. Experience gathered since the start of the pandemic has shown that this can in fact be done. Whether the online surveys provide the right amount of detail and depth of information needed by the surveyor who is watching on a laptop or tablet is still a pending question. The Classification Societies have recently reported a massive uplift in the demand for remote surveys. At present, remote surveys can be used for smaller tasks such as verifying a repair has been undertaken or ensuring minor damage has been rectified. The lack of uniform guidance for remote surveys and the subsequent lack of understanding by involved parties, including surveyors, shipowners and shipboard crew, may cause negative impacts on the quality of ship surveys and/or inspections, undermining the safety. BIMCO is positive to remote surveys as a supplement and an alternative to the ordinary on-site surveys, whenever suitable. A prerequisite, however, is that the survey and inspection follow strict uniform guidelines related to each particular survey, its scope and what must be recorded and reported. BIMCO therefore encourages the IMO to develop common guidance for remote surveys.

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