Port Wings 27 June 2018

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June 27th - July 3rd Issue

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

Wednesday, June 27, 2018

Indian Economy Set to Reach 5 trillion USD in Next 7 Years: Commerce Minister Suresh Prabhu

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Chennai

Port Wings News Network nion Minister of Commerce & Industry and Civil Aviation, Shri Suresh Prabhu said that the Government of India has taken several steps to promote Indian Exports which will enable India to become 5 trillion Dollar economy in the next seven years.

He was addressing the members of Federation of Indian Export Organisations, Trade Associations, Chambers of Commerce in Chennai on 21 June 2018.

The Minister observed that the Indian Manufacturing Sector, the Service Sector and the Agricultural Sector have an excellent growth and export potential to achieve this status. He said India has a great advantage in the next decade as the Service sector will grow faster than Merchandise. And that around 2/3rd of Indian Economy is based on the Service Sector.

5000 CRORE FOR 12 CHAMPION SECTORS He also said that the government would be investing Rs. 5000 Crore for 12 Champion sectors. For the first time in India , Services Exports Promotion council has been created.

He said both Agriculture and Horticulture production will be touching 620 Million tonnes compared to 500 million tonnes last year and that for the first time an Agricultural Export Policy has been framed.

He also said that Government wants to start 10 Missions of Exports and would like to open Export Promotion Offices at major International Trade Centres globally.

Minister assured the exporters that, all export incentives will be made WTO compatible to avoid any hurdles.

Minister also said that he had recently held

meeting with the bankers and asked them to bring exports under priority sector lending.

The interaction was also attended by Shri.

CP Rao, Principal Chief Commissioner, GST & Central Excise, Tamil Nadu and Puducherry, Shri. Prakash Kumar Behera, Commissioner of Customs, Chennai, Smt. Padmashri, Commisioner of Customs, Chennai and Shri. D.K. Sekar, Zonal DGFT.

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Wing 4 Feather 45

India Trying to Make Chabahar Port in Iran Operational by 2019: Gadkari New Delhi Port Wings News Network ndia is trying to make Chabahar Port in Iran operational by 2019, Shri Nitin Gadkari, Union Minister for Water Resources, River Development & Ganga Rejuvenation, Road Transport & Highways and Shipping, has said.

Shri Gadkari was addressing the Indian Community at the inauguration of the Swami Vivekananda Cultural Centre at the Indian Embassy in Dushanbe. He said the opening up of the Chabahar Port would make the CIS countries more accessible.

Shri Gadkari also spoke at length about the efforts and initiatives taken by the NDA Government in the last four years to bring qualitative change in the lives of people. He talked about the massive work being done in the infrastructure sector, with National Highways being built at an unprecedented pace of 28km/day. He said the country is growing at a very fast pace under a corruption free, transparent and committed government led by Prime Minister Shri Narendra Modi. India’s image and respect has grown across the world in the last four years and our rankings have improved globally on various parameters like ease of doing business, cleanliness etc, he added.

Shri Nitin Gadkari was on a two day official visit to Tajikistan to represent India at the high level global conference on “International Decade for Action: Water for Sustainable Development”. He held wide-

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ranging talks with Shri Sirodjidin Muhridin, Foreign Minister of Tajikistan during this visit, in which the two leaders underlined the need to give further impetus to the ongoing bilateral cooperation in various fields and agreed to enhance mutual cooperation in the area of sustainable water development. Shri Gadkari had also conveyed to the Tajikistan leader, Prime Minister Shri Narendra Modi’s commitment towards expanding economic

cooperation between the two countries and said that New Delhi would be willing to share with Tajikistan, Indian expertise in building quality infrastructure.

Swami Vivekananda Cultural Centre at Dushanbe will offer classes in Hindi, Sanskrit, Yoga and various performing arts like music and dance to the Indian diaspora as well as Tajik people. The Centre has generated a lot of interest and excitement amongst the Tajik people.

V.O.Chidambaranar Port Dedicates PMBJP Medical Store for Public

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Chennai

Port Wings News Network he Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) Medical Store was inaugurated by Rinkesh Roy, Chairman, V.O. Chidambaranar Port Trust at Beach Road, Tuticorin. (opposite to Sub Collector’s Office) on Monday, June 25, 2018 Rinkesh Roy, Chairman, V.O. Chidambaranar Port Trust stated that “the generic medicines available under this scheme meeting the highest quality benchmarks are made available by the Government at costs

much less than that of branded counterpartsand would eventually reduce and redefine the unit cost of treatment per person”.

According to the vision of Prime Minister of India, Narendra Modi, Government’s priority under the PMBJP scheme is to provide quality medicines at affordable rates to the poor and marginalized sections of society.

To facilitate the above, as directed by the Ministry of Shipping, a building with 36.30 sq.mt area at Beach Road near minor Port is allotted to NGO M/s. Empower India Civil Society Organisation, Tuticorin for operating the Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP) Medical Store. The medical store would serve the public from

FUMIGATION SERVICES PVT LTD.,

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Monday to Saturday from 0930 Hrs to 1930 Hrs. Other dignitaries present on the occasion were S.Natarajan, Deputy Chairman, VOC Port, Dr. Joseph Sundar, Deputy Chief Medical Officer, U. Rajendran, Traffic Manager, Capt Bhabatosh Chand, Deputy Conservator, S. Shanthi, Financial Advisor and Chief Accounts Officer & other senior officers of the Port and A. Shankar, Managing Director, M/s. Empower India Civil Society Organisation.

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RNI No. TNENG/2014/59741 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Tuesday, Posted on Tuesday / Wednesday

Centre of Excellence in Maritime & Shipbuilding... Pg-2 Pg-2 KR Nautiyal, Adg, Indian Coast Guard...

CHENSAA Members Express Concern Over... Pg-3 Krishnapatnam Port Introduces Latest ‘Container... Pg-4 Chennai Cargo Logistics Association Organises... Pg-5 Vessel Position at Terminals and Ports...

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June 27th - July 3rd Issue

Centre of Excellence in Maritime & Shipbuilding (CEMS) Spreads Wings Mumbai

Wednesday, June 27, 2018

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Wing 4 Feather 45

Positive Signs for the Modi Government

fter several months of negative growth in exim sector, there are some positive signals coming out to the Narendra Modi-led Union Government.

The latest data released by the Ministry of Commerce has revealed that the fall in India’s exports has been arrested of late and the gap is decreasing month by month.Furthermore, it is also good for the Narendra Modi to go full swing during the electionyear to regain the lost ground to get the new term till 2024.

Ecstatic about the latest figures, Commerce Ministry announced that it is time to extend incentives to boost the overseas shipments.

It may be noted that the data recorded exports falling down for the 18th month in a row in May, non-oil sectors such as engineering and gems and jewellery saw a rise in outward shipments. The decline in May was lowest since December 2014.

The Union Government was under fire for months as exports were falling for the past 17 months and panacea to arrest the downfall was not at all visible in any direction.

However, the government maintained that things could change, as it is cyclical in any sector. And their firm belief coupled with micro-management of affected areas finally helped the government to stop the falling.

On the other hand, there are some economic pundits, who paint the reduction in fall as impact of global phenomena. It may be noted that shipments usually increases in the first few months in financial year due to various reasons.

And, the exports are bound to increase in June and July due to the onset of long festival season in various countries.

While the negative growth has given enough room for the Centre to adapt to the ground reality, it has also given a new dimension in the policy making, which is paramount to secure the economic interest of any country.

Last week, Commerce Ministry has announced several measures to support exim community. And with the arrest, it has more in store and once all the cylinders are fired in tandem, the measures will definitely bring the much needed results and put exports in solid trajectory.

Commenting on the trade data for the month of May, Mr Gupta, President, FIEO, said that exports are all set to take off from here onwards and India can look for double digit growth, which may pave the way for reaching USD 300 Billion in the current fiscal.

Sample TEXT The FIEO President also expressed satisfaction with increasing exports to China, which will help in bridging rising trade deficit with China.

While the exports are bouncing back, time has come to take some bold steps to limit logistics cost, which needs to be brought down to impart competitiveness to exports and manufacturing.

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Port Wings News Network entre of Excellence in Maritime & Shipbuilding (CEMS), a well-funded startup in skill development for maritime and shipbuilding sector, has organised its first seminar on Competencies, Employability, Methodology and Skills in Mumbai.

Promoted by Indian Register of Shipping (IRClass) in partnership with Siemens and support from Sagarmala, Ministry of Shipping, CEMS aims to build competency in the field of maritime & shipbuilding sector through skill development in the latest manufacturing technologies for shipbuilding/ repair and ancillary sectors.

The seminar was well attended by high-profile dignitaries from Ministry of Shipping, top management representatives of

shipyards and owners and a wide spectrum of senior representatives from industry and academia.

CEMS announced setting up of 24 labs; 6 in Mumbai and 18 in Vizag campus and also shared its list of courses offered. The labs set up include Product Design & Validation, Advance Manufacturing, Hull Design, Automation, Welding Technology, Robotics, Virtual Reality, Advance Machine & Robotics, Electrical and several others.

CEMS will deploy an industry-relevant skill development program and equip students with employable engineering and technical skills in the areas of Ship Hull Design, Ship Detailed Design, Shipbuilding & Maintenance, Repair & Overhaul (MRO), Product Lifecycle Management (PLM), and advanced digital manufacturing-factory concepts.

Mr. Arun Sharma, Executive Chairman said: “CEMS has established one of its kind infrastructure in Asia Pacific with 24 labs. With the setting up of these labs in Mumbai and Vizag, CEMS is well-positioned to build competency in the maritime & shipbuilding sector through various courses ably supported by world class infrastructure.”

KR Nautiyal, Adg, Indian Coast Guard (Eastern Seaboard) Visited to Chennai Chennai

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Port Wings News Network dditional Director General KR Nautiyal who assumed the command of Coast Guard (Eastern Seaboard) on 12 Apr 18 having jurisdiction over Coast Guard Regional Headquarters (East) and Coast Guard Regional Headquarters (North East)is on his maiden visit to Coast Guard Regional Headquarters (East) at Chennai from 24 Jun to 27 Jun 18.

Earlier, Inspector General Rajan Bargotra, Commander Coast Guard Region (East) and Nidhi Bargotra, President Tatrakshika (East) welcomed the Flag Officer and Mrs Sunita Nautiyal, Tatrakshika President (Eastern Seaboard) on arrival at Chennai. During the visit the Flag Officer was presented with 50 men Ceremonial Guard at Coast

Guard Air Station Chennai on 25 Jun 18. Flag Officer also reviewed the ceremonial parade. The Flag Officer closely interacted with Commanding Officers, Officers and men during various planned interactions. ADG KR Nautiyal reviewed the progress of various operational and infrastructure related issues.

ADG KR Nautiyal is an alumni of US Naval War College, New Port, Rhode Island. He is also an alumni of the US Coast Guard Academy,

York Town having attended the search and Rescue and Port Operations Department Course.

The Officer has vast experience of several key appointments afloat and ashore. Prominent amongst his sea appointments include command of Inshore Patrol Vessel ‘Naiki Devi’, Offshore Patrol Vessel Varad, Advanced Offshore Patrol Vessel ‘Sagar’. On promotion to the flag rank, he was appointed as Deputy Director General (Operational & Coastal Security) at Coast Guard Headquarters followed

by Commander Coast Guard Regions North East and West, prior taking over responsibilities of Coast Guard Commander (Eastern Seaboard).

The officer is recipient of President’s Tatrakshak Medal for distinguished service and Tatrakshak Medal for meritorious service.

Kannur Airport To be Fully Operational by September: Suresh Prabhu Mumbai

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Port Wings News Network he Minister for Civil Aviation Shri Suresh Prabhu has said that the Kannur airport will be provided with all possible help to make it fully operational by September this year. After meeting with Kerala Chief Minister Shri Pinarayi Vijayan, Shri Prabhu has directed Chairman, Airport Authority of India and other officials from the Ministry to take all possible steps to make Kannur Airport as a point of call for foreign airlines.

During the meeting, the Kerala Chief Minister has requested for the

intervention of Civil Aviation Minister for granting permission to foreign airlines to operate from Kannur and direct Indian airlines to operate more international flights from Kannur. Shri Prabhu assured the Chief Minister that all possible steps will be taken to make Kannur as a fully operational international airport.

During the meeting Shri Prabhu has asked the Chief Minister of Kerala to submit a proposal to develop tourism sector in Kerala.

He said that the Commerce Ministry has identified 12 champion sectors in which Tourism is also a part.

Union cabinet has allocated Rs 5000 crores towards development of these

champion sectors.

The Commerce Minister has also informed the Chief Minister about the efforts taken to develop marine industry in Kerala. “I spoke to Japanese, Chinese, Koreans and others about setting up processing factories for marine products in Kerala and other parts of India as this would add to creation of employment. This will also make the foreign markets available to Indian fishermen. Our idea is to develop commodities, create infrastructure, develop tourism and provide air connectivity inKerala. We are also working on making Kerala a hub for logistics”, Shri Prabhu added.

Global Trading System Must Include Services Trade: Suresh Prabhu Mumbai

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Port Wings News Network ervices trade is growing faster than merchandise and such dynamic changes need to be captured in the global trading system, stated Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation.

He was speaking at the 6th Growth Net Summit, being held in New Delhi on 18-19 June 2018, organized by Ananta Center and Confederation of Indian Industry (CII) with Smadja & Smadja.

Services trade requires movement

of people, unlike merchandise trade, said the Minister.

He stated that India is aiming at a $5 trillion economy by year 2026-27 and goods and services exports are targeted at $1 trillion of this. Over the last year, goods and services exports grew by over 12%, he noted.

The government is working on a comprehensive strategy to boost services exports and $1 billion will be spent to promote 12 champion

services sectors. For the first time, a strategy of products in new markets is being developed. Exports are also being promoted in regions like Africa, Latin America and Central Asia, added the Minister.

Noting that the World Trade Organisation was created as part of a rules-based, multilateral, democratic and participatory institution for expanding global trade, he said that countries have recognized the value of global trade for fostering growth and creating jobs. India is working with other countries to ensure that WTO remains relevant, he said.

June 27th - July 3rd Issue

One year on, Impact of GST Positive for Road Logistics Sector: ICRA

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Chennai

Port Wings News Network t is almost a year since the implementation of the Goods and Services Tax (GST) which was implemented in July 2017. The effect of the GST has been largely positive for the Roads Logistics sector and has led to several benefits. As per ICRA’s comprehensive survey covering approximately 50 transport companies pan-India and 15 consumeroriented companies across various sectors, the findings have been encouraging, though a lot remains to be achieved. The rating agency conducted a comprehensive check to understand the on-ground impact of GST on the sector.

Further enumerating on the impact, Mr. Shamsher Dewan, Vice-President, ICRA Ltd says, “As was expected, the removal of interstate check-posts has resulted in significant reduction in waiting/idle time for trucks, thereby improving their turn-around time and efficiencies, as confirmed by 60% of transporters that we interacted with. As per ICRA estimates, so far there has been about 18-20% improvement in turnaround time because of GST. The impact has been more pronounced in a few states such as Kerala, West Bengal, Maharashtra, Madhya Pradesh and Bihar, which were earlier known for notoriously high waiting time spent at their inter-state borders.”

As for the trends in warehouse consolidation, the trend has been mixed. While logistics efficiency is certainly a key factor influencing the location of warehouses, other sector-specific nuances have also influenced the extent and pace of consolidation in each sector. Sectors like FMCG and consumer

durables have reported limited consolidation, as maintenance of de-centralized warehouses remains necessary to ensure product availability and timely customer servicing. On the other hand, sectors like tile manufacturing, which have a more predictable demand which can be served from a centralized location, have already consolidated their warehouses.

Overall, close to 50% of the consumeroriented companies that ICRA interacted with indicated that their warehousing network has not been consolidated, while the remaining indicated that consolidation has either happened or is in process. Furthermore, many companies are also interacting with supply chain management companies and taking their assistance in redesigning and revamping their networks.

The E-way bill, which got implemented from April 2018, too has been received positively by the transporter community.

Around two-thirds of transport companies that ICRA interacted with reported that operations have become more systematic, and there is significant time savings and paperwork reduction due to the digitization of processes. A few companies though faced difficulties due to teething problems

like technical glitches, limited awareness etc. the overall response to E-way bill has been positive.

The full benefit of GST on the road logistics sector and the costs savings due to reduced transportation, warehousing costs and the associated efficiencies are only expected to be realized over the longer-term. About 10% of the transporters indicated that their overall costs have reduced post GST implementation, while more than 40% suggested that costs were increasing. Higher compliance costs related to GST due to technological upgradation, upskilling of workers, penalty charges etc. have added to the cost-burden of transporters, which coupled with the increasing diesel prices, have taken a toll on their profitability.

Adds Mr. Dewan, “In spite of these shortterm pains, in the long-term, it is certainly expected that truck turn-around times would reduce and the set-up of efficient warehousing networks would improve the overall efficiency in the system. This would bring about a reduction in logistics costs.”

CHENSAA Members Express Concern Over Chennai Port’s Future

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Chennai

Port Wings News Network t the 62nd Annual General Body Meeting of the Chennai & Ennore Steamer Agents’ Association (CHENSAA) held on 22 June 2018 at Hotel Ramada, Chennai, Egmore, members of the association expressed concerned over the future of Chennai Port.

The AGM was chaired by Mr Leeladharan, Chairman of CHENSAA. In his address, Mr Leeladharan briefly explained the few meetings attended and achievements of the association during the period of April 2017 to March 2018.

He has also thanked all the executive committee members and committee members for the best co-operations and guidance for all the activities of CHENSAA. He has also invited all the members to come forward with new ideas and plans to meet CHENSAA’s requirements from the Ministry of Shipping, Ministry of Commerce and authorities of other ports etc., At the meeting, Capt. A Lawrence, Mr Arul Joseph and Arul Augustin Joseph have discussed about developments of Chennai Port.

Also added that Port is a service provider to all includes CHA, Forwarders and

Transporters etc., We all are part of logistics.

Most of the members participated in the meeting recalled their old memories as steamer agents in the region. Members also observed that 20 years back, Chennai Port had handled approximately

20 commercial ships per week and those days were indeed “golden days” for the maritime trade in Chennai.

However, the members expressed concerns about the current situation where a part of the port is not functioning properly.

They opined that it affects commercial activities in the region. They strongly expressed their view that Chennai Port has to be taken care by concern authorities and government officials. They hoped that will happen in near future.

More than 140 members have participated in the meeting organized by CHENSAA.

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FIEO Welcomes Proactive Approach of Government During Second Clearance Fortnight

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Chennai

Port Wings News Network ppreciating the large number of disposal of IGST and ITC refunds applications of exporters, by the Centre and the States, during the second clearance drive, President FIEO, Mr Ganesh Kumar Gupta said that exporters deeply acknowledge the huge efforts of tax authorities during the clearance drive helping easing out their liquidity constraints. He thanked Finance Minister, Revenue Secretary and Chairperson CBIC for their initiatives and close monitoring resulting in such success.

Mr Gupta said that it is very heartening that tax authorities will continue to be in disposal mode even after the drive period, which will eventually eliminate pendency.

President FIEO, however, urged that the software for ITC refund may be modified immediately so that those exporters having ITC claim and exports in different months can file application since they are waiting for last 11 months. He also suggested to move to a complete online ITC refund, on the lines of IGST, to reduce transaction time and cost.

Adani Plans New Technology for Vizhinjam Port Project

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Chennai

Port Wings News Network 220-kV Gas Insulated Substation (GIS) will be set up to take care of the power needs of all port operations of the upcoming International Multipurpose Deepwater Seaport at Vizhinjam, according to a report in The Business Line.

GIS is a new technology in electrical transmission sector and the substation, requires one-tenth of space compared to the conventional substations.

Adani Vizhinjam Port Private Ltd (AVPPL), the private multi-port operator selected to build the superstructure and operate the seaport, has placed orders for GIS with M/s ABB India Ltd. Orders have been placed for design and detail engineering, supply, installation, testing and commissioning for electrical works for container backup yard, a spokesman of the

AVPPL said.

An ecoshop set up by a group of seven women members with the support of Adani Foundation and Agriculture Department has started functioning.

Organic vegetables sold to the public through this unit. A Blood donation camp was organized on Friday as part of the Corporate Social Responsibility activities of the foundation.

Promoters Sell 2.4% in Adani Ports via Bulk Deal

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Mumbai

Port Wings News Network romoter entities SB Adani Family Trust and Gautam S Adani Family Trust sold 4.99 crore shares or 2.4% stake in Adani Ports and Special Economic Zone on 21 June, block deal data on the BSE showed, according to a report in leading daily The Economic Times.

These entities sold the stake at Rs 369.65 per share. The data also showed that Pan Asia Trade and Investment sold 52 lakh shares at Rs 369.65 per share. The block deal data showed Europacific Growth Fund bought a bulk of the shares. The fund bought 3.8 crore shares at Rs 369.65 apiece. Shares of Adani Ports ended up 0.2% at Rs 366.85 on 21 June.

June 27th - July 3rd Issue

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Prime Minister Modi Lays Foundation Stone of Commerce Ministry Building New Delhi Port Wings News Network rime Minister Narendra Modi laid the foundation stone for Vanijya Bhawan (Commerce Ministry’s Building), a new office complex of the Department of Commerce in New Delhi on 22 June.

Speaking on this occasion, the Prime Minister emphasized the need for an increase in exports and said that the states must be made active partners in this effort. He said that the Department of Commerce must resolve to raise India’s share in total global exports to at least 3.4 percent, from the current 1.6 percent. He further stated that efforts must be made to raise domestic manufacturing output in order to reduce imports.

The Prime Minister expressed confidence that breaking silos would further facilitate India’s commerce sector and will help in fulfilling the aspirations of the youth of this country. The Prime Minister said that Government e-Marketplace (GeM) which has seen transactions worth Rs. 8700 crores in a short time has highlighted the benefits of adopting

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digital technology and he urged the Department of Commerce to work for the further expansion of GeM and leverage it for the benefit of the country’sMSME sector. The Prime Minister also spoke of the benefits of GST and said that the Government is making all efforts to create a people friendly, development friendly and investment friendly environment.

He said that India is now among top 5 fintech countries globally and areas like “Ease of Trading,” and “Ease of Doing Business,” are all related to “Ease of Living” in an interconnected world.

On this occasion the Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu said that Vanijya Bhawan will help in the ease of doing business by bringing

all Departments of Commerce under one roof.

Once completed, the building will be a modern, eco-friendly structure. Praising Prime Minister’s initiatives, Suresh Prabhu said that this government has focussed on development of each and every sector. He further said that the Commerce Ministry is working on strategies to boost exports.

On this occasion the Prime Minister planted a Bakul sapling.

Minister of State for Housing and Urban Affairs (I/C), Hardeep Singh Puri, Minister of State for Commerce & Industry, Shri C.R. Chaudhary and Commerce Secretary, Ms. Rita Teaotia along with senior officers of National Buildings Construction Corporation(NBCC) and Ministry of Commerce and Industry were also present on this occasion.

Vanijya Bhawan is being built at a cost of 226 crores and is expected to be completed by December 2019.

Krishnapatnam Port Introduces Latest ‘Container Scanner Technology’ Mumbai

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Port Wings News Network rishnapatnam Port Company Limited (KPCL), country’s largest all-weather; deep water port, on the east-coast of India, in an industry first initiative, announced the installation of ‘Rapiscan Eagle P 60 (“Eagle P60”)’ a drive through X Ray Container Scanner & Radiation Portal Monitors. Besides increasing security and safety of the port, the container scanner will radically enhance the terminal’s overall performance whilst reducing the service time.

Offering seamless movement of containers, the drive through container scanner at Krishnapatnam Port will enable it to increase the volume of handling import containers by at least 5000 TEUs per month. With this new development the port is expecting rise in transshipment cargo. Further, it will increase the frequency and connectivity of vessels, thus reducing the dwell time, transaction costs while ensuring timely delivery. Overall the new container scanner will give a boost to the volume of containers handled at Krishnapatnam Port.

Krishnapatnam Port is the first & the only Seaport in India to procure and install the Drive through container scanner at its port.

Rs.10-crore facility was inaugurated by Dr. John Joseph, Director General of Goods and Services Tax Intelligence, in the presence of GST Chief Commissioner Y.S. Shahrawat (Visakhapatnam zone), port Chief Executive Officer Anil Yendluri and others.

Technology is a crucial driver of the shipping, logistics and trade industry. The newly introduced self-sealing of export containers by exporters themselves with RFID sealed and direct entry of these sealed containers will encourage more exporters. Whereas, the recent permissions for the import of metal scrap which requires setup of container scanner as well as import of apples, will boost container volumes through the port.

Commenting on the development, Mr. Anil Yendluri, CEO Krishnapatnam Port Container Ltd. said, “Krishnapatnam has been at the forefront embracing technological advancements and integrating the most modern port solutions.

The installation of the container scanner is a step forward to our ongoing commitment to offer the best in class and most competitive service offerings to our clients.”

“We will continue to invest in cuttingedge technological innovations that not only bring immense benefits to the port operations and the trade community but also play a crucial role in contributing to the country’s economy.” he added.

This will increase the speed of inspection; reduce the manual work at the terminal and enhance the efficiency of the entire logistic chain.

The move will thus benefit Indian exporters who otherwise suffer losses when non-scanned containers are shipped back and will encourage increased transshipment activities.

Besides backing direct port entry of export containers, the new scanner will help in Direct Port Delivery of import containers thus radically trimming down the congestion at the Container Terminal and the Container Freight Station The port recently announced rise of record 88% in its container handling capacity and 25% in total cargo handling for FY18. The port plans to become a key transhipment hub on the east coast of India.

Tirupur Exporters Welcome Announcement of Organizing International Textile Fair in Coimbatore New Delhi Port Wings News Network n a press release issued on 18 June 2018 Shri. Raja M Shanmugham, President, Tirupur Exporters Association (TEA), said he welcomed the Chief Minister’s announcement in legislative assembly on organizing the International Textile Fair at Codissia Trade Fair Complex, Coimbatore this year mainly to encourage and also for the

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development of Textile Industry in Tamil Nadu and the Government would support Rs. 2 Crore for this event.

Shri. Raja M Shanmugham said Tamil Nadu being a major player in entire value chains of Textile Industry, the international Textile Fair would largely help for the promotion of Industry including exports. He further mentioned that Textile Industry in Tamil Nadu is exporting about Rs. 45,000 Crores

annually and this fair will help for increasing exports. Textile industry will get all opportunity to showcase their quality products manufactured at desired quality and penetrate new marketer and also get new buyers.

He also thanked Shri. Phanindra Reddy, IAS, Secretary, Handlooms, Handicrafts, Textiles & Khadi Department for his unstinted support and efforts for the announcement of International Textile Fair in Coimbatore.

Commerce Minister Releases Study Report on Indian Pharma Exports to China

New Delhi Port Wings News Network or India to make a strong pitch for pharma exports to China, the Department of Commerce in coordination with Embassy of India at Beijing commissioned a study on “Enhancing Indian Exports of Pharmaceutical products to China” under the Market Access Initiative Scheme (MAI) to have a proper understanding of Chinese market and to help the Indian pharma industry to evolve appropriate and focused strategy for entry of the Indian generic drugs.

The study examines the health care market, pharmaceutical market the distribution system, procurement

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and bidding process and the regulatory landscape in China. The study also gives recommendations on how to access the Chinese market.

China’ s health-care sector continues to grow rapidly with spending projected to grow from $ 357 billion in 2011 to $ 1 trillion in 2020. From pharmaceuticals to medical products to consumer health, China remains among the world’s most attractive markets, and by far the fastest-growing of all the large emerging ones.

The study has been done by IMS Health team which worked with PHARMEXCIL and Industry stakeholders.

India is the Largest Borrower From Asian Infrastructure Investment Bank: Subhash Chandra Garg Mumbai

W

Port Wings News Network ith the total project portfolios of US$4.4 Billion, India has been the largest borrower of Asian Infrastructure Investment Bank (AIIB) lending since the time the Bank started its operations.

Unlike most other multilateral development banks set up by advanced economies, AIIB is the first major multilateral development bank where principal contributors are the borrowing members themselves. The third Annual Meeting of the bank focuses on infrastructure, with the theme of innovation and collaboration, said Shri Garg.

The Annual Meeting will see participation from 86 members, and member countries will deliberate upon the strategies to mobilize financing for infrastructure. Hon’ble Prime Minister Shri Narendra Modi will deliver the inaugural address on Tuesday.

Expressing deep gratitude to

Government of India and the State of Maharashtra for hosting the Annual Meeting, Sir Danny Alexander, Vice-President & Corporate Secretary, Asian Infrastructure Investment Bank, lauded India’s contribution as an active member in structuring and supporting the bank.

Enumerating the priorities and lending norms, Sir Alexander said, ‘Lean, clean and green is the way we work. We invest in sustainability and are guided by those priorities.

Our bank is apolitical and all projects have to pass our test on sustainability and environment’.

Furthermore, he said that AIIB will consider investing in projects outside Asia as long as they serve to benefit the Asian regions too. So far, AIIB has only invested in one solar power project in Egypt, Sir Alexander said.

While 75% of the capital is from Asia, several non-Asian regions like Europe, North America, some East African and Latin American countries have also joined the bank as members.

Visit

www.portwings.in for Latest News

June 27th - July 3rd Issue

Chennai Cargo Logistics Association Organises Edu-Assistance Programme for Students

5

CMA CGM to Acquire Northern Europe-based CONTAINERSHIPS

Chennai

A

Port Wings News Network s part of its “Education Aid Programme,” Chennai Cargo Logistics Association (CCLA) organized a programme at Sri Vinayaga Complex and distributed Financial Assistance to the selected students.

It may be noted that CCLA had received 12 appeals from under privileged students, who were in need of education support for continuing their studies for Academic year 2018-19.

The amount distributed to the students was mobilized from various donors from the association and major support was from Vice President Mr.R.Sathyanarayanan.

On 12- 13 May 2018, CCLA conducted a tour programme to Yercaud in which 60 members from the association participated and enjoyed the programme.

Besides, the CCLA has now come up with a new idea of Members’ B2B meet (Business meet) in a grand

manner soon said the association President Mr.K.Venkattu.

Also, secretary Mr.P.Sreejith & Vice President Mr.B.Murugan has announced CCLA’s operation module for EMPLOYIBILITY support for it’s members.

On 19 May 2018, CCLA distributed food at Anbagam Rehabilation Centre, Vichoor to 220+ inmates. On 29 May 2018, CCLA conducted its 4th EC meeting at Sri Vinayaga Complex.

On 2 June 2018, CCLA under its Education Aid Programme distributed notebooks, writing and drawing kits to the children. 200 sets

of books and kits were distributed at the event conducted at BWC Towers. The books and kits were donated by association’s executive members namely viz. Mr.D.S.Balaji / Mr.N.Devaraj and Mr.P.Raju and Team.

On 09 June 2018, CCLA celebrated all the members’ birthday whose birthday falls in the month of June at Stree Seva Mandir, Virugambakkam and provided fruits/breads/biscuits etc. to old/aged 65 persons and 40 girls. Founder President Mr.K.V.V.Giri and many of the OB/EC’s actively participated in the programme.

Commerce Minister Releases National Strategy for Standardization New Delhi Port Wings News Network ndia’s quest for providing best quality begins with identifying standards, stated Suresh Prabhu, Minister of Commerce and Industry.

He was speaking at the 5th National Standards Conclave - Implementing

I

the Indian National Strategy for Standardization, being held in New Delhi on 19-20 June 2018, organized

by Department of Commerce and Confederation of Indian Industry (CII).

Speaking at the event, the Minister said that unless products are standardised it becomes difficult to market them. Standardisation boosts both exports as well as domestic economic growth by enabling realisation of value of product and services and consumers will be the biggest beneficiary.

Two reports were also released by the Minister, Indian National Strategy for Standardization (INSS) and CII-ASL Study on TBT/SPS Notifications.

INSS is the result of the combined efforts of Ministry of Commerce and Industry, Ministry of Consumer Affairs and industry stakeholders. It provides

C

Port Wings News Network arolina Dybeck Happe will assume responsibility as Chief Financial Officer (CFO) of A.P. Møller - Mærsk A/S, effective no later than 1 January 2019.

She comes from a position as CFO of ASSA ABLOY, the global leader in door opening solutions.

“Carolina Dybeck Happe brings significant experience from a company with a strong organic and acquisition growth record. In her tenure as CFO, Carolina Dybeck Happe has created substantial shareholder value, successfully streamlined processes and driven the digital agenda in a well-reputed, global company. She draws on a skill set that will benefit our organisation and continued business transformation. I look forward to welcoming Carolina Dybeck Happe to A.P. Møller - Mærsk A/S,” says Soren Skou, CEO, A.P. Møller - Mærsk A/S As CFO of ASSA ABLOY, Carolina Dybeck Happe played a key role in the company’s development from a regional player to its current global leading position with annual sales of USD 8 billion and 47.000 employees.

Port Wings News Network MA CGM Group, a leading worldwide shipping Group, has announced the signing of an agreement between CMA CGM and Container Finance Ltd Oy pursuant to which the container shipping and logistics business Containerships (and Container Finance’s holdings in Multi-Link Terminals Ltd and CD Holding Oy) will become part of the CMA CGM Group. The Finnish company is specialized in the intra-European market and will strengthen CMA CGM’s intra-European offer. This transaction remains subject to approval by the relevant authorities.

Founded in 1966, Containerships is an Intra-European Shortsea specialist with a strong presence in the Baltic market, Russia, Northern Europe, North Africa and Turkey.

With a workforce of 560 people, Containerships offers its customers a complete range of services, as well

C

as logistics solutions by ship, truck, rail and barges.

Containerships’ network will efficiently complement CMA CGM and its affiliate MacAndrews’ service offering in North Europe and the Mediterranean. Containerships will take delivery of four LNGfueled vessels between August 2018 and January 2019.

INTRA-REGIONAL MARKET CMA CGM Group is already present on the intra-regional market through its subsidiaries: CNC in Intra Asia, Mercosul, one of the leading players in Brazil’s domestic container shipping market, Sofrana, a key player in the Pacific Islands regional maritime trade, or MacAndrews in Europe.

The acquisition of Containerships will strengthen even more the development strategy implemented

by Rodolphe Saadé, CMA CGM Group’s Chairman and CEO, aimed at densifying the Group’s regional network.

a vision for the country to achieve the highest quality standards in production and distribution of goods and services in an attempt to reclaim Brand India. The INSS report addresses four broad pillars of Quality Ecosystem: (i) Standards Development (ii) Conformity Assessment and Accreditation (iii) Technical Regulations and Corpoate Office: CHennai: SPS Measures No.48/39, Rajaji Salai, Wavoo Mansion, 6th Floor, Parrys, Chennai - 600001. (iv) Awareness Tel: +91 (44) 25243623-28 Fax: +91 (44) 25243629 E-mail: admin@ksrindia.net and Education.

Commerce branches Secretary, Ms. Bengaluru hyderabad Rita Teaotia and KSR FREIGHT FORWARDERS PVT.LTD. ksr freight forwarders (p) ltd.

Joint Secretary, H/No. 23-178, 1st Floor, Madhura Nagar, 77/10, Maranayakanahalli, Chikajala Department Shamshabad, Airport Road, Hyderabad - 501 218.

Village and Post, Bangalore - 562 157. of Commerce, Tel: +91 8413 222428 Mob: +91 77609 80009 Sudhanshu E-mail: sreekumar@ksrindia.net Email: anand@ksrinda.net Pandey were also kolkata kandla / mundra present during K.S.R. FREIGHT FORWARDERS PVT LTD ksr freight forwarders (p) ltd. this occasion.

22, Lake Place, 2nd Floor, Kolkata - 700029.

Plot No 96,Sector-08, Nr. KDBA GYMKHANA,

A.P. Møller Mærsk Appoints Carolina Dybeck Happe as Chief Financial Officer Chennai

Chennai

“I am happy to join A.P. Møller - Mærsk A/S at such exciting times. A.P. Møller - Mærsk A/S is a market leader with solid values and an ambitious strategy that’s positioning the company for future growth and value creation.

I am looking forward to complementing the team in shaping the future A.P. Møller Mærsk A/S and delivering on the strategy,” says Carolina Dybeck Happe.

Jim Hagemann Snabe, Chairman of the Board of Directors, A.P. Møller - Mærsk A/S continues: “On behalf of the Board of Directors, I am pleased to welcome Carolina Dybeck Happe as CFO and new member of our Executive Board.

Carolina Dybeck Happe is a strong addition for our leadership team and her experience and qualifications will be of great value as Maersk strengthens the core performance and accelerates the business transformation.”

Prior to Carolina Dybeck Happe’s current position, she held various finance leadership positions in ASSA ABLOY (2002-2011) and also served as Chief Financial Officer of Trelleborg (2011-2012). She holds an MSc in Finance & Administration from University of Uppsala, Sweden.

K.S.R.FrEIGHT FOrWArDErs (P) LTD.

Gandhidham, Kachchh-370201, Gujarat, INDIA, Tel: +91 (2836) 229279 Cell : +91 9099945758 Email:.mundra@ksrindia.net mumbai ksr freight forwarders (p) ltd.

No.220, NBC Complex, Plot No.43, Sector-11 CBD Belapur (West), Navi Mumbai - 400614. India.

Tel: +91 (22) 27564120/30 E-mail: sarika@ksrindia.net new delhi K.S.R. FREIGHT FORWARDERS (P) LTD Plot #100, Khasra # 625, Ground Floor, Nr. Tata Telco Warehouse, B/s. Blue Bird School, Rangpuri Extension, New Delhi-110037,India Tel: +91 (11) 65052500 Mobile :+ 91 9810579023 tuticorin ksr freight forwarders (p) ltd.

5A/180A, Caldwell Colony, 2nd West Street, Tuticorin-628 008 Tel: 0461-2375842 Telefax: 0461-2375842 Email: kskanthan@ksrinidia.net TIRUPUR KSR FREIGHT FORWARDERS PVT.LTD. M. SENTHIL KUMAR #19/171, Stanes Road, Third Street, Odakkadu, Tirupur - 641 602 Mobile : +91 89397 14353

Tel: 91+(33) 40614134 Mob: +91 9038011590 E-mail: kolkata@ksrindia.net Gudur

KSR FREIGHT FORWARDERS PVT LTD. No: 12/74 Ankamma Street, Gamallapalem, Gudur-524101.

Tel No: 08624 221500. visakhapatnam ksr freight forwarders (p) ltd.

No. 31-38-17, Rajiv Nagar, Rasalama Colony, Duvvada, Visakhapatnam - 530 046.

Tel: +91 (891)2574990 / 2705072 E-mail: giribabu@ksrindia.net Petrapole KSR FREIGHT FORWARDERS PVT LTD Jatindra Bhavan, Petrapole, Land Phone-(03215)-245087.

Ctc – Sujay Neogi – +91 9073365079 & +91 9153146072 Subha - +91 8348608738 Email: cs.ccu@ksrindia.net Bhopal ksr freight forwarders (p) ltd.

Flat No. Tf - 8, Nanksh Tower, Ward No.1, Depa Nagar,Mandideep, Bhopal - 462046 Contact No.+91 89399 14353

Website: www.ksrindia.net

6

Vessel Position at Terminals - (27.06.2018 To 04.07.18)

June 27th - July 3rd Issue

7

CITPL - Chennai

CCTL - Chennai Calling Ports

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

SPIRIT OF MUMBAI

Colombo

27/06

28/06

MD1

TRF KAYA

1571E

BTL

MESSINI

Colombo, Jebel Ali

Vizag, West Port Klang, Port Klang, Singapore

27/06

28/06

ACS

HYUNDAI PARAMOUNT

034E

HMM

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

27/06

28/06

TSC

MOL SUCCESS

73

ONE

Port Klang, Singapore, Laem Chabang

ETA

ETD

Service

Vessel Name

27/06

28/06

SIF

29/06

30/06

CCG

Voy

Agent/Line

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

27/06

28/06

CCG

ALS FIDE

6

SIM

Colombo, Jebel Ali

29/06

30/06

TCX

BALTHASAR SCHULTE

17

CCO

Chennai, WestPort Klang, North Port Klang, Singapore, Laem Chabang

29/09

30/06

ACS

HYUNDAI PARAMOUNT

34

HMM

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

30/06

01/07

C13

WANHAI 506

159w

WAN

Vizag, Port Klang, Singapore

04/07

05/07

CCG

MESSINI

068W

EMC

Colombo, Jebel Ali

28/06

29/06

CI3

WAN HAI 506

159E

WAN

"Port Kelang(North port), Singapore, Shanghai, Ningbo, Hong Kong, Shekou Singapore – Port Kelang (West port"

29/06

30/06

FME

FELIXSTOWE BRIDGE

062E

RCL

Port Klang, Singapore, Manila, Pusan, Shanghai, Hong Kong

29/06

30/06

TCX

BALTHASAR SCHULTE

017

CCO

Chennai, WestPort Klang, North Port Klang, Singapore, Laem Chabang

KPCT, Krishnapatnam

PSA Sical - Tuticorin ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

28/06

29/06

FEEDER

Quen of Luck

093

Transworld

COLOMBO

01/07

02/07

FEEDER

Quen of Luck

094

Transworld

COLOMBO

29/06

30/06

FEEDER

Cape Nemo

373

BTL (I) / BTL

COLOMBO

02/07

03/07

FEEDER

Cape Nemo

374

BTL (I) / BTL

COLOMBO

E.G.M.NO.

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin 27/06

28/06

FEEDER

VICTORIA STRAIT

CHAKIAT

Colombo

28/06

29/06

PIX2

SSL KUTCH

SHREYAS

Kattupalli, Cochin, Jebeali

29/06

29/06

FEEDER

ER SYDNEY

BTL

Colombo

30/06

01/07

FEEDER

VICTORIA STRAIT

CHAKIAT

Colombo

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

30/06

01/07

ACS

Hyundai Paramount

034E

Hyundai & Zim

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

02/07

03/07

CHX

Kyparissia

1809

Maersk & Safmarine

Colombo

28/06

29/06

CCS1

Throsky

37

MSC & NVOs

Colombo

29/06

30/06

COASTAL

SSL Mumbai

92

Kolkata, Haldia, Vizag

29/06

30/06

COASTAL

SSl Visakapatnam

56

Kolkata, Haldia, Vizag

30/06

01/07

COASTAL

SSL Gujarat

068N

Kolkata, Haldia, Vizag

01/07

2-7

FEEDER

Charloe Schulte

1820

Maersk & Safmarine

Colombo, Salalah

26/06

27/06

CCG

ALS Fides

0006

MSC, SCI,

Colombo, Jebel Ali

30/06

01/07

PIX2

SCI chennai

403

ICTT - Vallarpadam ETA

ETD

26/06

Service

Vessel Name

Voy

Agent/Line

27/06

TCI VIJAY

11

TCI

27/06

27/06

EMIRATES HANA

1823

ESA

27/06

27/06

KARUTHAL

181001

TAL

28/06

29/06

SCI MUMBAI

SM404

SCI

29/06

29/06

OCEAN WINNER

007

PSA

29/06

30/06

PAMBA1

048

SMI

29/06

30/06

CMA CGM CORNEILLE

8116

CCA

30/06

01/07

SSL KUTCH

139

SHR

30/06

01/07

SSL SABARIMALAI

15

SHR

Calling Ports

Mundra International Container Terminal ETA

ETD

Service

Vessel Name

Voy

Agent/Line

27/06

28/06

PROTEA

HELENE S

1801

MKS

30/06

01/07

IGS

OEL EMIRATES

1081

TSA

Jebel Ali, Mundra, Nhava Sheva

02/07

03/07

CIMEX 2K

APL MINNESOTA

WE1M

APL

Mundra, Port Qasim, Port Kelang, Singapore, Shekou, Shanghai, Ningbo, Qingdao, Karachi SAPT

ETD

Service

Vessel Name

27/06

28/06

MESAWA

MAERSK INDUS

28/06

29/06

Voy

Agent/Line

Calling Ports

MSK

Port Elizabeth, Durban, Port Louis, Jebel Ali, Mundra, JNPT, Colombo

MSC

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

MSC MAEVA

MSK

Nhava Sheva, Mundra, Port Qasim, Singapore

MSK

Salalah, Mombasa, Nhava Sheva, Mundra, Port Qasim

01/07

02/07

MECL

2-7

3-7

MWE

HUGO SCHULTE

ETA

ETD

Service

Vessel Name

26/06

27/06

CIX

26/06

27/06

27/06

Voy

Agent/Line

Calling Ports

WAN HAI 505

WH

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

CWI

EVER URANUS

EGI

Port Klang, Nhava Sheva, Singapore, Xingang, Qingdao, Ningbo

28/06

ME1

MAERSK KITHIRA

MSK

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

28/06

29/06

IMX

FRISIA GOTEBORG

ZIM

Port Klang, Colombo, Nhava Sheva, Hazira, Mundra, Haifa, Alexandria, Mersin, Istanbul Ambarl, Mundra

28/06

29/06

PS3

NYK APOLLO

ONE

29/06

30/06

MINA

TOLTEN

HLI

Jebel Ali, Mundra, Hazira, Nhava Sheva

29/06

30/06

ASX

NAGOYA TOWER

SEC

Jebel Ali, Mundra, Hazira, Nhava Sheva

30/06

31/06

FM3

MAERSK TAURUS

MSK

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

JNPT - Mumbai

INDUS

NORTHERN MONUMENT

APM Terminal - Mumbai

Calling Ports

NSICT - Mumbai ETA

Tuticorin, Cochin, jebal ali

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.

ETA

ETD

Service

Vessel Name

26/06

27/06

IGI

28/06

29/06

29/06

Voy

Agent/Line

Calling Ports

NORTHERN GENERAL

SMM

Port Klang, Colombo, Jebel Ali, Karachi, Mundra, Colombo

AIS

CLEMENS SCHULTE

KMD

Port Klang, Nhava Sheva

30/06

CISC

NORTHERN JUPITER

SMM

Nhava Sheva, Colombo, Singapore, Shanghai, Ningbo, Hong Kong, Port Klang

01/07

2-7

NDX

CARDONIA

POS

Jebel Ali, Jnpt, Doha

1-7

2-7

IQX

HANSA OFFENBURG

POS

Mundra, Khor AL Fakkan, Jebel Ali

01/07

2-7

IGS

OEL EMIRATES

TWF

Jebel Ali, Mundra, Nhava Sheva

02/07

3-7

ICX

HYUNDAI GLOBAL

HMM

Port Klang, Colombo, Jebel Ali, Karachi, Mundra, Colombo

04/07

05/07

AIS

KMTC MUMBAI

KMD

Port Klang, Nhava Sheva

05/07

06/07

C12

WAN HAI 513

WHI

Vizag, Port Klang, Singapore

06/07

07/07

CISC

ITAL CONTESSA

EGI

Nhava Sheva, Colombo, Singapore, Shanghai, Ningbo, Hong Kong, Port Klang

June 27th - July 3rd Issue

New Maritime Fund Manager Hanseatic Capital Management Launched Chennai

H

Port Wings News Network anseatic Capital Management (HCM) has recently been launched by the Schulte Group, a leading German shipping company, acting as the anchor investor. The investment focus of HCM are maritime real assets, specifically merchant vessels.

HCM’s management comprises experts from various industries and backgrounds, who combine a wealth of experience in both the shipping and investment sectors. In joining forces, HCM’s specialists cover all aspects ranging from deal sourcing to acquisition, ship management and operations to vessel disposal. This ensures that all phases relating to the execution of the investment strategy are covered professionally.

The roots of HCM’s anchor investor, the Schulte Group, go back to 1883.

The family-owned organisation owns 90 vessels of all types and manages 630 vessels through its ship manager Bernhard Schulte Shipmanagement (BSM), a leading maritime solutions provider with a presence in over 40 locations worldwide.

HCM will concentrate on a commercially balanced employment

strategy, which will include both shorter and period charters, depending on the vessel segments.

The first fund to be launched, Hanseatic Fund VCIC Plc, aims to initially raise US$120m. Applying a strong focus on investor protection at all times, its investment goal is on handysize and supramax bulk carriers and feeder-sized container vessels aged between four and 15 years. However, other types of tonnage or different sizes will be considered as well.

Hanseatic Fund VCIC Plc aims for a conservative use of leverage.

Given the high operating leverage of shipping, the Fund’s managers aspire to low breakeven points for vessels. It is their intention to distribute dividends to investors on

a regular basis.

Hanseatic Fund VCIC Plc will be regulated as an Alternative Investment Fund (AIF) by the Cyprus Securities and Exchange Commission (CySEC) in line with the relevant EU directives. The Fund will be managed by HCM, an authorised AIF manager also regulated by CySEC. EFG Bank (Luxembourg), the international fund and corporate services provider Alter Domus act as the Fund’s independent depositary and administrator respectively.

The units of the Hanseatic Fund VCIC Plc also qualify as an eligible investment for the ‘Scheme for Naturalization of Investors in Cyprus by exception’, issued by the Republic of Cyprus. It therefore offers an investment opportunity in an asset class with great scope for diversification, which previously was not available under this scheme.

For further information, please visit the company’s website www. hanseatic-cm.com

Schulte Group Affirms Long-Standing Commitment to Cypriot Shipping Sector Chennai

T

Port Wings News Network he Chairman of the Schulte Group, Dr. Heinrich Schulte, underlined his long-term commitment to the Cypriot shipping industry when he met with the President of the Republic of Cyprus, Mr. Nicos Anastasiades, at the Presidential Palace in Nicosia, recently.

Dr. Schulte was accompanied by his son Johann Schulte, Yiannis Sykas, CEO of newly formed Hanseatic Capital Management, and Charis Charilaou, Director of Bernard Schulte (Cyprus) Ltd. At the meeting, President Nicos Anastasiades expressed his sincere gratitude towards Dr. Schulte for his invaluable contribution to the country’s shipping industry.

Dr. Schulte first set his foot in Cyprus in 1972 and established Hanseatic Shipping Co, now known as Bernhard Schulte Shipmanagement

(BSM), the first shipmanagement company on the island.

He was one of the founders of the Cyprus’ maritime scene and contributed significantly to the development of the shipping sector as an important industry for the country’s economy.

“We recognise the success of BSM in Cyprus would not be possible without the strong support from the country in the past 46 years.

We are grateful and honoured,” Dr. Schulte highlighted. Symbolic gifts were exchanged to show gratitude

for the contributions from both the country and the Organisation.

As part of the meeting agenda, the delegation took the opportunity to provide an overview of the Group’s latest developments and future outlook. One of the highlight development and major investment in Cyprus this year is the recent launch of Hanseatic Capital Management, a specialised fund manager for maritime real assets.

The delegation also had the chance to exchange views on various current affairs concerning the country with the President of the governing Democratic Rally (DISY) party, Averof Neofytou.

The meeting provided a valuable opportunity for the delegation to communicate directly with the country’s leaders and for the Schulte Group to work hand-in-hand with the Cyprus government to contribute further to Cyprus’ shipping industry.

Hannibal Doubles Connections to Switzerland With New Daily Rail Service From Melzo To Zurich Chennai

H

Port Wings News Network annibal, Contship Italia Group’s multimodal transport operator, is launching a second rail link to Switzerland on 2 July 2018. The new daily connection to Zurich (Niederglatt) complements the existing link to Basel (Frenkendorf), which is also served daily.

With the additional link to Zurich (Niederglatt), Contship Italia doubles its services covering the growing Swiss market. The new link between Contship’s Rail Hub Milano (RHM) in Melzo and Niederglatt features a three-day transit time (A-C with a morning arrival) from main Italian gateways and an A-B transit time to/from intermodal hubs in Melzo and Padova.

By expanding its service offering dedicated to continental volumes between Italy and Switzerland,

Contship continues to transform the Southern Gateway into a competitive and reliable option for cargo owners, freight forwarders and shipping lines. Hannibal’s first link to Basel started in 2013 and due increased demand has recorded year-on-year growth since then.

Southern Gateways have been steadily increasing their market share since 2013. Shipping lines offer competitive transit-times to La Spezia and other Southern Gateway ports served by Hannibal,

saving shippers both time and inventory cost. With its new connection to Zurich, Contship Italia underlines its goal to offer solutions that go “hand in hand” with market demand.

Furthermore, the Group contributes to more resilient and value-added supply chain solutions, allowing the customers to benefit from improved risk management for their import and export cargo. Daniele Testi, Contship Italia’s Marketing & Corporate Communication Director, explains: “It is crucial for shippers to have a choice between different transport options in case of need, as demonstrated by the rail line closure near Rastatt last year.

Being in control of the supply chain ensures that customers can select the transport mode that fits the respective cargo best, which does not only improve risk management but also saves costs.”

7

NEWS - BITS Vyborg Shipyard launches port icebreaker Ob built for FSUE Atomflot

On 21 June 2018, PAO Vyborg Shipyard (Leningrad Region) launched port icebreaker Ob built for FSUE Atomflot under the Portoflot project, says press center of FSUE Atomflot.

According to Mustafa Kashka, Chief Engineer and First Deputy General Director of FSUE Atomflot, the Ob icebreaker will be the first non-nuclearpowered icebreaker of Atomflot.

“Despite the absence of nuclear power plant, the icebreaker is powerful enough and features exclusive maneuverability that will let it perform the entire scope of works in the Gulf of Ob. The ship is equipped with an innovative propulsion unit”, added Mustafa Kashka.

The icebreaker will be owned and operated by FSUE Atomflot under a package contract on escorting of vessels and servicing of the water area at port Sabetta within the framework of Yamal LNG project. The contract signed in November 2014 covers the period up to December 31, 2040.

Vyborg Shipyard laid down the Ob icebreaker on 27 September 2016.

12 MW icebreaker of Project Aker ARC 124 (ice class Icebreaker7) will be able to operate efficiently in 1.5-meter thick level ice at 2 knots and achieve at a speed of 4 knots in 5-meter thick consolidated brash ice.

Diana Shipping announces time charter contract for m/v Philadelphia with Koch

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia, the company said in its press release. The gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period of about twenty (20) months to maximum twenty-three (23) months. The charter commenced on June 18, 2018. The m/v Philadelphia was chartered, as previously announced, at a gross charter rate of US$15,500 per day, minus a 5% commission paid to third parties. The “Philadelphia” is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012.

This employment is anticipated to generate approximately US$11.7 million of gross revenue for the minimum scheduled period of the time charter.

Freeport of Riga Authority joins Cruise Lines International Association

Continuing its active work on attracting more cruise ships and, respectively, more cruise passengers to Riga, the Freeport of Riga Authority has become a member of CLIA (Cruise Lines International Association), the world’s largest cruise industry association. FRA says membership in this organisation will open a path for closer cooperation between the Freeport of Riga Authority and the world’s largest cruise line operators, thus facilitating the development of the cruise sector in the Port of Riga.

Founded in 1975, CLIA is the world’s largest cruise industry organisation, which unites all the players in the sector, i.e., cruise line operators, cruise ports, tourism companies, service providers and even shipbuilding companies and suppliers of technical equipment.

“CLIA represents all aspects of the global cruise industry, and membership ensures an opportunity to meet and successfully establish business contacts, which will sooner or later transform into interest showed by cruise line operators in the Port of Riga and the inclusion of Riga in new routes”, Edgars Sūna, Deputy CEO of the Freeport of Riga for development matters, concludes. Moreover, within the framework of CLIA it is possible to meet and address the decision-makers of cruise line operators, which is particularly important for the Port of Riga.

12 LNG bunker supply ships to be put into operation in Singapore by 2025

12 LNG bunker supply ships are to be put into operation in Singapore by 2025.

IAA PortNews correspondent cites Mikhail Panchenko, Bunker & Lubricant Trader, KPI Bridge Oil (Singapore), as saying at the XI Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” in Saint-Petersburg. According to him, the construction will be funded through repayable state co-financing. Shell is supposed to be an exclusive supplier of LNG bunker in Singapore. As of today, an LNG-powered tugboat operates at the port of Singapore. There is also a multiuser LNG storage terminal.

Singapore is the city-state located on an island in the South-East Asia. In 2017, the port handled 626.17 million tonnes of cargo.

CUSTOMS EXCHANGE RATES Notification No.49/2018 (N.T.) ALL RATES PER UNIT

FOREIGN CURRENCY Australian Dollar Bahrain Dinar Canadian Dollar Chinese Yuan Danish Kroner EURO Hong Kong Dollar Kuwait Dinar New Zealand Dollar Norwegian Kroner Pound Sterling Qatari Riyal Saudi Arabian Riyal Singapore Dollar South African Rand Swedish Kroner Swiss Franc UAE Dirham US Dollar Japanese Yen (100)

with effect from 7th June 2018

RATE (INR) Import Export 52.60 50.25 183.40 171.65 52.80 50.90 10.65 10.30 10.80 10.40 80.55 77.55 8.70 8.40 229.25 214.40 48.50 46.30 8.45 8.15 91.60 88.30 19.00 17.95 18.45 17.30 51.10 49.55 5.45 5.10 7.80 7.55 69.40 66.65 18.85 17.65 67.85 66.15 62.10 59.75

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

8

RNI No. TNENG/2014/59741 Posted at Pathrika Channel, Egmore, RMS, Chennai-8.

Date of Publication - Tuesday, Posted on Tuesday / Wednesday

Maritime and Port Authority of Singapore Launches Refreshed Safety@Sea Campaign Chennai

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Port Wings News Network refreshed Safety@Sea Singapore Campaign was unveiled on 18 June by Chief Executive of the Maritime and Port Authority of Singapore (MPA), Mr Andrew Tan, atthe launch of the 5th International Safety@Sea Week at Marina South Pier.To improve the safety of passengers on MPAlicensed regional ferries, MPA will also co-fund the upgradingof lifejackets and receptacles on board MPA-licensed regional passenger ferries.

Refreshed Safety@Sea Singapore Campaign TheSafety@Sea Singapore Campaign is an industry-wide effort to increase awareness of safe practices and inculcate a safety-first culture at sea.This year’s campaign will take a more targeted approach in reaching out to various stakeholders with relevant and hard-hitting safety messages.

MPA will circulate a new set of eye-catching posters with updated safety messages tailored for target groups such as bridge teams, crew, ferry passengers and the pleasure craft community. MPA will also develop a new Safety@Sea website , a one-stop digital platform for the maritime community to get up-to-date information on events and collaterals relating to maritime safety.

These new initiatives are on top of ongoing efforts such as regular industry-wide briefing sessions to share best practices, screening of safety videos onboard ferries and at passenger terminals, and regular checks on vessels to ensure the observance of safety standards and maintenance of safety equipment.

Co-funding Buckle-Type Lifejackets &Customised Lifejacket Receptacles At the launch, MPA also announced its commitment of up to $800,000 to co-fund the supply, installation, delivery and commissioning of new buckle-type life jackets and customised lifejacket receptacles on board MPA-licensed regional passenger ferries, which carried 6.5 million passengers on the Singapore-Malaysia and SingaporeIndonesia routes last year. The new lifejackets are compliant to international standards such as the Life-Saving Appliance (LSA) Code.

Feasibility studies on these buckletype lifejackets and customised lifejacket receptacles have also commenced with regional ferry operators on board nine ferries. Results show that the buckle-type lifejacket is easier and faster to put on during an emergency, while the customised lifejacket receptacle, which will be fitted under passenger seats, protects the lifejacket and reduces the time taken by passengers to access the lifejackets.

Mr Andrew Tan, Chief Executive, MPA said, “The human element remains a critical area in maritime safety, contributing to a majority of the incidents around the world. This year, we will continue to focus on the basics by raising safety standards, championing safe practices and reinforcing the safety mindset within the maritime community. Everyone has a part to play to raise safety standards.”

MPA organises the International Safety@Sea Week annually to enhance maritime safety by raising awareness and instilling a safety-first culture. More than 250 international maritime professionals came together to share best practices, exchange ideas and collaborate to enhance maritime safety.

Slot Allocation Achieves Unprecedented Choice and Competition: IATA Chennai

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Port Wings News Network he International Air Transport Association (IATA) provided evidence that the current system for allocating capacity at Europe’s airports is benefiting consumers with greater choice and expanded connectivity.

Analysis by IATA: Airports classified at the highest level of congestion in Europe added 2,000 more routes in the 2010-2017 period. Over the same period the number of long-haul routes grew by 27%. 30% of European routes are now operated by two or more carriers, an increase of 5 percentage points since 2010.

A recent study commissioned

by Airports Council International (ACI) Europe, from consultancy ICF, shows: More than 55% of seat capacity on intra-Europe routes is competed between and full-service carriers and low-cost carriers, which have grown rapidly since the turn of the century Over the past 20 years there has been a near-doubling in city-pair connections within Europe and between Europe and the rest of the world.

“European consumers have greater choice and more competition than ever before when deciding how they travel within or beyond Europe.

This is no small achievement when you consider that Europe’s airports

are among the most congested in the world,” said Alexandre de Juniac, IATA’s Director General and CEO. Slot Regulation working well The ACI Report and IATA’s research confirm that the rules for allocating scarce capacity at Europe’s congested airports are fostering competition and growing connectivity. Europe has more than half of all the world’s slotconstrained airports. The European Slot Regulation ensures that these airports provide opportunities for low-cost and full-service carriers to enter the market and provide competition and choice for passengers.

“The real solution to Europe’s aviation capacity crisis is to build more airport and air navigation infrastructure. But we are already on the back foot and capacity is not keeping pace with demand growth.

The European Slot Regulation has been successful for two decades— fairly allocating scarce capacity in line with global standards, enabling new entrants and strengthening connectivity. Most importantly it provides consumers with reliability and competitive choices. We strongly recommend that it remains a stable, consistent, and leading example of global best practice,” said de Juniac.

Although the European Slot Regulation is working well, the airline sector recognizes that it could work even better. It is important that

slot rules find a balance between (i) protecting the interests of incumbent carriers and consumers who value the services incumbent airlines provide; (ii) accommodating the desire of new entrants to enter the market and provide market competition; and (iii) enabling the market to adapt to changing consumer demands. To further these objectives IATA, ACI and the independent slot coordinators have formed a working group to look at improvements to the current system that is due to be reported to the ICAO Assembly in 2019.

Airport capacity declaration needs improvement The slot rules can only make best use of the declared capacity at each airport. The inconsistency in declared capacity between airports of similar size is a clear sign that opportunities to unlock more capacity exist.

“Airports must do more to increase the operating capacity of existing infrastructure and governments need to encourage and facilitate timely and cost-effective expansion of congested airports and airspace. But this cannot work without the consistent application of transparent methodologies for determining available capacity.

There is room for improvement.

Only through regular and impartial analysis can all capacity become available for more slots to be allocated,” said de Juniac.

June 27th - July 3rd Issue

82 Crowley Vessels Honored with Jones F. Devlin Awards Chennai

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Port Wings News Network ighty-two Crowley Maritime Corporation owned or managed vessels recently received the Chamber of Shipping of America (CSA)’s annual Jones F. Devlin Awards in recognition of their outstanding safety records in 2017.

Each year the CSA grants Devlin Award certificates to manned merchant vessels that have operated for two or more years without incurring a lost time injury (LTI), specifically highlighting the skills and dedication of the crewmembers responsible for safe vessel operations.

Crowley’s 2017 Devlin Awardworthy vessels together have achieved an impressive total of 613 years of service without an LTI representing a diverse fleet including tugboats, tankers, articulated tug barges (ATBs), container ships and military vessels. Of the 82 awarded, 24 have gone without incident for 10 or more consecutive years, including the following notable vessels: Valdez Star, 27 years, and Gus E, MV Chief, MV Guide and Roger G, each with 19 years; MV Aku, MV Veteren, MV Vigilant and Tug Nanuq, each with 18 years; and Tug Bulwark with 15 years.

Crowley’s vessels have earned Devlin Awards annually since 2005.

Additionally, eight ships received Citations of Merit, including Sea River Maritime Inc.’s Eagle Bay, which was renamed Washington following Crowley’s April 2018 acquisition of the tanker and its sister vessels Liberty Bay and SR American Progress which were also renamed to California and Oregon respectively. Eagle Bay

(Washington) was recognized for its diversion in response to a distress call where a disabled sailboat was adrift in high wind and seas. The crew provided a lee for the sailboat for three days as they slowly made their way toward the coast providing fuel and provisions as needed until a U.S. Coast Guard cutter assumed the escort.

“CSA’s members are committed to safe operations and CSA’s

involvement in safety is longstanding with our ongoing commitment to represent the industry, domestically and internationally, on safety issues encompassing every facet of ship operations,” said Kathy Metcalf, CSA president. “It is only fitting that an industry so focused on safety, publicly recognizes the skills and dedication of the women and men who have enabled these many years of safe operations and who are responsible for actions in keeping with the highest traditions of the sea – aid to those in peril.”

“Safety is at the top of Crowley’s core values and strategic goals. The vessels receiving Devlin Awards exemplify this Crowley core value, because they live it every day – for themselves, their families and Crowley,” said Rob Grune, senior vice president and general manager, Crowley Shipping.

Cerberus Capital Management to Acquire Worldwide Flight Services Chennai

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Port Wings News Network erberus Capital Management, L.P. (Cerberus) has announced that one of its affiliates has entered into an agreement to acquire Worldwide Flight Services (WFS) from Platinum Equity.

Headquartered in Paris, WFS is the world’s largest air cargo handler and a leading provider of ground handling services with over €1.2 billion of total revenues.

WFS has a presence in 198 airport locations in 22 countries and serves over 300 customers.

“WFS is a market leader in aviation services and is positioned to benefit from attractive long-term industry growth.” said Brett Ingersoll, Head of Global Private Equity and Senior Managing Director of Cerberus. “Cerberus has extensive operational experience and a successful track record in aviation and we are excited to support WFS’s next stage of growth.”

Craig Smyth, CEO of WFS, said, “WFS has transformed into a leading global aviation handling player in recent years through growth and operational initiatives. We believe that Cerberus is the ideal partner to support our continued transformation.”

Craig Brooks, Managing Director of European Private Equity at Cerberus, commented, “We plan

to partner with Craig Smyth, and WFS’s management team, and its 22,800 dedicated and hardworking employees, to enhance its growth and services. Cerberus has a longstanding presence in Europe and WFS will be a fantastic addition to our growing portfolio.”

Citigroup Global Markets Limited served as financial advisor to Cerberus and Linklaters LLP was Cerberus’s legal advisor.

Founded in 1992, Cerberus is a global leader in alternative investing with approximately $34 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively and across market environments to seek strong risk-adjusted returns for our investors.

Port Wings - Maritime Exim Weekly Newspaper : Published by K.Sivakumar on behalf of Universal Media Associates, Old No.72, New No.149, 1st Floor, Srinivasa Complex, Linghi Street, Mannady, Chennai - 600 001. And Printed by V.Meganathan at Web Kingdom, No.115, Jani John Khan Road, Royapettah, Chennai – 600014. Editor: K.Sivakumar.