Port Wings 04 Oct 2017 Issue

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Oct. 4th - 10th Issue

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• Container Freight Station (CFS) 1&2 • Container Terminal Operator • Transport & Heavy Equipments • Bonded, Warehousing & Distribution • Stevedores • Break Bulk Operation • Multimodal Transport Operator (M.T.O)

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

Wednesday, October 4, 2017

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Wing 4 Feather 7

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Exporters Meet Finance Minister, Raise Concerns Related to GST New Delhi Port Wings News Network o prevail upon the government regarding issues related to Goods and Services Tax (GST) rollout, exporters and industry bodies met Finance Minister Arun Jaitley on 28 September for a speedy resolution of their issues. The meeting happens after a week of similar meeting with Revenue Secretary Hasmukh Adhia.

The main demands raised by exporters in their meeting included timely refunds, exemption from GST on goods purchased for exports and an extension of the duty drawback scheme beyond September 30.

Below is the detailed version of their demands submitted in the representation to the Finance Minister Arun Jaitely.

EXEMPTION FROM GST TO MERCHANT EXPORTERS The Merchant exporters account for over 30% of country’s exports who usually work on razor thin margins of 2-4%. The imposoition of GST has made their costing haywire, particularly for products

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having higher GST rate, as they have to pay GST and seek refund after some time lag. Many of them have stopped entering into new contracts which will adversely impact country’s exports in next quarter.

Merchant Exporters were availing exemption from Central and State taxes under pre-GST regime and same exemption may be provided under the GST regime as well against an Electronic Bond. Exports of Tiles, handicraft, textiles, agricommodities may witness decline as such sectors are dominated by merchant exporters.

EXEMPTION FROM IGST AGAINST ADVANCE AUTHORISATION/ EPCG AND EOU SCHEME These instruments provided exemption from all customs duties including CVD, SAD which are replaced by IGST on imports. The imposition of IGST is affecting the liquidity of exporters and blunting their competitive edge. EU and many other countries, operating under GST/VAT regime, do provide complete exemption from import charges on inputs used in exports.

Indian Exporters are thus losing

out to their competitors from such countries. Ab-initio exemption from

populated entries in GSTR-2 will be available only after 10th of October, 2017. If the exporter files GSTR-3 by 15th of October, 2017 and applies for ITC refund, 15 days time is available for issuance of acknowledgement while 7 days time limit is given for 90% of the refund.

Therefore, even in the best of situation, ITC refund would not be available before 1st week of November,2017. In short, exporter would, in the meantime, be paying GST liabilities for the month of July, August and September, 2017.

Most of the exporters, particularly from MSME category, hardly have financial wherewithal to pay GST

be provided GST refund (both IGST as well as ITC) based on GSTR-1 & GSTR-3B so that the cash flow to export sector is maintained.

GSTR-3B already captures the details of zero rated outward taxable supplies (export related supplies), ITC available for the month and payment of GST made during the month. These details are adequate to provide IGST refund as well as ITC refund on exports, as the case may be. The filing of GSTR-1 would ensure that exporter has reflected his Arun Jaitley, Minister of Finance output liabilities as well.

IGST may be provided against such TESTING OF REFUND Advance Authorisation/EPCG and PROCEDURE EOU Scheme In the meantime, GSTN may REVISED REFUND PROCEDURE provide the facility of filing GSTRFOR INTERIM PERIOD 2 & 3 so that those exporters who As per the existing provision, the have taken supplies from suppliers, refund would flow to the exporters who have already only after filing of GSTR-1, 2 & filed GSTR-1, may 3 provided the EGM in respect of proceed with the such exports have also been filed. refund as per CGST The extended time provided for Rules, 2017. While filing for GSTR-1 for the month there may be few of July, 2017 now is extended till cases of this nature, 10 October, 2017. Therefore, in it will provide case, the exporter wants to file liabilities for 3 months without testing of the software of exports for refund, he has to wait at-least having refund in the meantime. In refund so that glitches, if any, may till 10 October, 2017 as the auto- the given situation, exporters may be addressed before the system is put to test by filing of refund applications from a large number of exporters.

USAGES OF SCRIPS Corporate Office: AND IT VALIDITY The premium on the scrips have already come down substantially due to its limited usages in the GST where it can be used only for payment of basic customs duty. The reduction in premium is adversely affecting exporters benefitting importers. Therefore, we would suggest to look into the ways of increasing utilization of such  SBL HOUSE  No.54/28  First Floor scrips. MEIS/SEIS Duty Credit Scrips should be allowed for the payment of IGST and at-least of  Montieth Road  Egmore  Chennai - 600 008 Contd. on page -2

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Phone: +91-44-39604411 Fax:+91-44-39604460

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Diwali

Special Edition

Inside

CBEC Amends Custom Valuation Rules...

Edelweiss ARC revives Karaikal Port, plans...

WTO Launches 2017 World Trade Report on...

Vessel Position at Terminals and Ports...

Pg-2 Pg-3 Pg-5 Pg-6

Pg-7 Latest Customs Exchange Rates...

OOCL Christens 21,413-TEU Containership... Pg-7 Air Canada Cargo Boosts Capacity to India... Pg-8

Port Wings plans to bring out a special edition on account of Festival of Light - Diwali The special edition will carry articles from all verticals of EXIM trade and special interviews from well-known personalities in the sector.

For Pre-booking Advertisement space, Contact:

K.Sivakumar - 9444222056, C.U.Satheesh - 7358020372 M.Richard Collins - 7358020375 (Tuticorin), Email: marketing@portwings.in

RNI No. TNENG/2014/59741 Postal Registration No. TN/CNI/GPO/067/2015-17 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Tuesday, Posted on Tuesday / Wednesday

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Oct. 4th - 10th Issue

Exporters Meet Finance Minister, Raise Concerns...

Wednesday, October 4, 2017

Wing 4 Feather 7

GST is Hurting Indian Exporters

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hen the system was introduced three months ago, not a single exporter in the country would have thought for a second that they would be at this stage within few months.

Delays in processing tax refunds under the new Goods and Services Tax regime has locked up the funds of exporters, hurting their businesses and affecting their ability to be competitive in international markets.

For the second time in two weeks, a delegation of exporters met Finance Ministry’s top officials --Revenue Secretary Hasmukh Adhia, who is heading a committee set up to look into the GSTrelated issues that India’s export sector is facing on 19 September, and the very Finance Minister Arun Jaitely with their concerns on 28 September. The high-level meetings by the exporters itself sends out a message that all is not well in the system.

During the meeting, the Federation of Indian Export Organisation presented a wish list to secure the interest of the trade as well as the exporters from the GST conundrum.

One of the main demand was that the government should fasttrack the refunds process for exporters or as much as Rs 65,000 crore of their money could get stuck in the July-October period, affecting their ability to do business.

The Goods and Services Tax, which was implemented from July 1, subsumes all the indirect taxes that businesses earlier paid the Centre and states separately, with the aim of creating a common market. It involved a complete overhaul of the tax filing system.

Under this new regime, companies are given the opportunity to claim refunds for the taxes they pay while buying inputs for their businesses, such as raw materials. However technical glitches, among other things, have meant that the government has repeatedly pushed back the deadline for filing GST returns, delaying tax refunds too. Exporters claim that they are suffering the most.

Indian exports were not doing particularly well in the pre-GST months of this year in the first place. The rate of export growth in rupee terms slowed during the March-July period before rising again in August. But exporters now fear that this growth could be undone by the negative effects of GST. The process of claiming refunds is taking much more time than was envisaged because deadlines for the filing of returns are constantly being pushed back.

According to an information booklet prepared by the government on GST for exporters, 90% of the refund amount would be processed within a week of the receipt of the refund application while the rest 10% would be paid within a maximum period of 60 days. The booklet says that “interest @ 6% is payable if full refund is not granted within 60 days”.

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Earlier Sample this month, the Union government took note of the TEXT complaints of exporters and ordered the Adhia-led committee to be set up. It has been tasked with providing recommendations to fix the problems exporters face. The committee is scheduled to meet next on October 6. However, it remains to be seen if the GST Council, headed by Finance Minister Arun Jaitley, acts on its recommendations.

Continued from page -1 CGST. The validity of scrips may be extended to 36 months and already issued scrips may be deemed to be validated by 36 months so that there is no distress sale by the exporters.

AMENDMENT IN DRAWBACK RULES FOR GOODS MANUFACTURED IN EOUS Merchant exporters under the pre-GST regime were placing orders on EOUs which were exporting the products on their behalf. Since EOUs for such transactions are raising invoice on the merchant exporters, these transactions are considered as domestic supply on which IGST/CGST and SGST should be paid beside the merchant is required to pay basic customs duty on inputs used in export of such products. Since merchant exporters are paying basic customs duty on the inputs, in all fairness, the merchant exporters should be eligible to claim duty drawback for the basic customs duty paid on inputs. Unfortunately, clause 10(c) of Notification 131/2016 dated 31st October, 2016 disallow the same as the drawback rates specified do not cover the cases where goods are manufactured by a 100% EOU. The Ministry of Finance may be asked to modify the aforesaid condition in the above referred Notification.

AMENDMENT IN DRAWBACK RULES FOR GOODS MANUFACTURED IN SEZS Similar problem is being faced when the merchant exporter exports the goods manufactured by SEZ unit as clause 10(d) of the Notification 131/2016 dated 31st October, 2016 disallow drawback on goods manufactured by any unit in SEZ. The Ministry of Finance may be asked to modify the aforesaid condition in the above referred Notification.

E-WALLET FOR EXPORTERS The micro & small exporters are particularly hit with the GST as they have to borrow money to pay GST. The availability of Credit and more

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Richard Collins

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It is understood that Govt is working out a mechanism to grant refund for export sector on the basis of GSTR 1 and GSTR 3B, however, the final mechanism worked out may still take time to implement till the complete modalities are worked out.

In absence of clear refund timelines, the new Drawback rates notified on 21st September have added to the woes of exporting and thus effecting their order book position.

It is suggested that that the transition period of drawback may be extended beyond 30th September 2017 till 31st December 2017 OR till the time refund mechanism stabilizes. It will enthuse confidence among the exporting community and will give them a partial relief to the sector which is already facing working capital crunch.

CRUCIAL MEETING NEXT FRIDAY (6 OCTOBER) Reacting to the representation, the finance ministry has indicated that the GST Council may devise a mechanism to refund exporters sooner in its meeting next Friday.

“Filing of GST return may be made on a quarterly basis, against the current monthly filing requirement as the MSME sector is still not well equipped with the IT infrastructure,” Chandrajit Banerjee, director-general, CII, said.

Additionally, the industry has also demanded that the threshold for triggering payment under reverse charge mechanism (RCM) be raised to Rs 50,000 from Rs 5,000 currently to reduce compliance burden on small industries. The industry also demanded exemption from IGST on procurement of precious metals from nominated agencies for the purpose of manufacturing and export of jewellery.

Representatives from KPMG, CII, Ficci, Gems and Jewellery Export Promotion Council, Laghu Udyog Bharati, GST service providers, ICSI, Institute of Chartered Accountants of India and Amazon were present.

CBEC Amends Custom Valuation Rules, Removes 1 % Landing Charges New Delhi Port Wings News Network he Central Board of Excise and Customs (CBEC) has abolished the one-per cent landing charges on CIF (cost, insurance and freight) value of imported goods.

According to a CBEC Notification No 91/2017-NT published on 26 September 2017 and

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CBEC Circular No 39/2017- Customs dated 26.9.2017 r e g a r d i n g Important Changes in Customs Valuation Rules, CIF Value will now become the Assessable Value, and 1 % Landing Charge, which was so far being levied, will no longer be required to be computed while

calculating the Assessable Value.

All other charges pertaining to the shipment will form part of the cost.

It may further be noted that Customs EDI System is still not yet been updated to incorporate the above change. At present, Assessments are still being carried out by calculating 1 % landing charge.

It has been given to understand that the system will be updated in next few days.

Facility of Furnishing Letter of Undertaking Extended to More exporters

Contact Numbers Phone Number

so the cost of credit is adversely impacting them. Government may consider introduction of e-wallet for exporters in which based on preceding year’s exports and an average GST rate, e currency is credited to exporters’ account. Like a running account, money may be debited from the e-wallet when duty paid supplies have to be undertaken and the amount may be credited when the proof of exports is made available from ICEGATE. We have been given to understand that such a mechanism may work through the GSTN though the software would require some modification. The trade & industry feels that such a proposal is feasible to implement and will address large concerns of the exporters. If such a proposal is accepted, the problem of Merchant Exporters of procurement of goods, meant for exports, from manufacturer as well as the issue of manufacturers of inputs through domestic procurement or imports will be addressed.

REFUND OF EMBEDDED TAX THROUGH DUTY DRAWBACK Lot of embedded taxes have become visible in the GST including the tax on power, tax on petroleum products, tax on inputs used in exempt sector. For e.g. sectors like tiles manufacturing where Energy (Natural gas) constitutes major component of cost (> 3035%). In line with the efforts of the Government to bring Indian manufacturer at same level play as other manufacturer in International market, it is important that there should not be any tax burden on export sales. For imparting competitiveness to exports, such taxes may be refunded through duty drawback by working out the rate factoring these embedded taxes.

EXTENSION OF DUTY DRAWBACK Since the filing of GSTR 1,2,3 for July has been extended, It is apparent that exporters will not be able to get their refund by December.

New Delhi Port Wings News Network overnment on 30 September announced that the facility of furnishing Letter of Undertaking, in place of a bond, for exporting goods or services or both, should be allowed to exporters and no bank guarantee will be required for it.

According to a media statement, small exporters have brought to the notice of the Government the difficulties in furnishing bond with requisite bank guarantee.

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“To facilitate exports under GST, it has been decided that the facility of furnishing Letter of Undertaking, in place of a bond, for exporting goods or services or both shall be

allowed to exporters and no bank guarantee will be required.

The relevant notification for this shall be issued in due course,” a media statement said.

The issue of cash blockage is expected to be partially addressed by this measure. More measures are under consideration.

Oct. 4th - 10th Issue

Edelweiss ARC revives Karaikal Port, plans LNG terminal to monetise operations Mumbai

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Port Wings News Network ndia’s largest asset reconstruction company, Edelweiss ARC, which took over 97 per cent debt of the company in 2015, has plans to set up a LNG terminal to monetize the operations of Karaikal Port, extending the wait for PE investors planning to exit as stake sale plans for the port have being shelved, sources close to the development said.

The decision will push back any stake sale deal being run by the PE (private equity) investors looking to exit their five-year old investment in the company, they said. In 2012 homegrown PE fund Jacob Ballas picked up a minority stake in the company for Rs 200 crore after which other PE funds such as Standard Chartered PE, IDFC Project Equity and Ascent Capital invested in the company. Today, the PE funds jointly hold about 44 per cent stake in the company.

“Edelweiss has converted part of the outstanding loan (interest haircut that it took) into equity and now holds around 11 per cent stake in the company,” said one of the persons with direct knowledge of the development.

Armed with equity stake and majority debt, the asset reconstruction company has taken over the dayto-day operations of the Karaikal Port in Puducherry from Marg Ltd that owes banks Rs 1,800 crore. In 2015, Edelweiss ARC bought 97 per cent of Karaikal Port’s debt from various banks. In the last 18 months, the earnings before interest, tax, depreciation and amortisation or

EBITDA has improved from Rs 70 crore to Rs 180 crore.

Explore property supermarket on Magicbricks. Magicbricks.com Dont let your rivers die -Rally For Rivers Rally for Rivers Recommended By Colombia “The improvement in EBITDA and the extra line of credit has again made the port viable and now the ARC is planning to set up a LNG terminal at the all-weather port and bring in global companies to run it,” said another person with direct knowledge of the development. The setting up of the terminal will take some time and global bids have been invited.

“This will push back exit plans of the PE funds that have been patiently waiting for the company to turn around,” the person quoted above added. An LNG terminal will help the port get specified cargo and improve operational efficiency.

Handling of specific cargo such as LNG requires specific equipment and has high capital costs. Setting up specialist terminals for such cargo result help optimise use of resources and increase efficiencies.

SNEHA SHAH & BAIJU KALESH R E L A T E D C O M PA N I E S EXPAND Edelweiss 04:05 PM | 29 SEP MARKET STATS EOD Search for News, Stock Quotes & NAV’s BACK TO TOP 9/30/2017 Edelweiss ARC revives Karaikal Port, plans LNG terminal to monetise operations - The Economic Times http:// economictimes.indiatimes.com/ industry/transportation/shipping/-transport/edelweiss-arc-reviveskaraikal-port-plans-lng-terminalto-monetise-ope… 2/3 Some of the existing LNG ports include ICTT in Cochin, LNG terminal in Dahej Port. Adani Group plans to convert the Dhamra Port in Odisha into country’s biggest seaport with an industrial park and set up LNG and LPG terminals there by 2021.

Emailed queries sent to the spokespersons of Jacob Ballas, IDFC, Ascent Capital and Karaikal Port did not elicit any response.

In an emailed response, Standard Chartered PE spokesperson declined to comment as did the Edelweiss spokesperson.

Last year, PE investors and promoter Marg were in advanced talks with Shapoorji Pallonji & Co for a 51 per cent stake sale for Rs 900 A July 2017 report by India Brand Equity Foundation or IBEF said about 95 per cent of India’s trading by volume and 70 per cent by value is done through maritime transport.

Wreckage of the sunken fishing vessel removed from the navigational channel Cochin

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Port Wings News Network he wreckage of the fishing vessel, which was sunk in the navigational channel of Cochin Port Trust, has been removed fully on 29.09.2017 and the channel has been opened for vessels up to 14.5metre draft from 30.09.2017.

Immediately after the incident the hydrographic survey team of Cochin Port Trust located the wreck and determined the safe depth in the channel. Thereafter experts from the Indian Navy carried out bottom scanning of the area and confirmed the position of the wreckage and the location was marked with a buoy.

The fishing vessel was sunk while it was being towed in to the harbour from outer sea by some fishing boats engaged by the Fisheries Department, Govt. of Kerala. It is learnt that the towing was initiated by the department on receipt of message from the vessel which had developed leakage while at sea.

Though in the morning on 19.09.2017 the Fisheries Department had intimated the Port that they would remove the wreckage from the channel only a day after the department intimated the Port that they are unable to carry out the salvaging for want of required equipments. It was on 21st afternoon the Port could initiate action for salvaging operations. M/s Lots Shipping was engaged for removal

of the wreckage on 21.09.2017 who after mobilization of equipments and experts on 22.09.2017 started salvaging operations on 23.09.2017.

Foul weather was an impediment to the salvaging operations in the initial days. Though the strong points in the vessel were hooked by the crane due to the poor condition of the vessel which was corroded at several places those hooked parts came off while lifting the vessel from the bottom. Ultimately, after several such attempts the hull of the vessel could be lifted and removed from the channel on 29.09.2017 evening.

Thereafter a survey was carried out by the hydrographic team to confirm the removal of wreckage and suitability of the channel for navigation. Normal vessel operations has commenced at the Port with effect from 30.09.2017.

It may be noted that the absolute recklessness with which an unseaworthy vessel was brought into the navigational channel of the Port has caused immense loss to the Port. Movement of such unseaworthy vessels is prohibited as per the ISPS Code and the notifications of Director General of Shipping, Govt. of India.

It is surprising to note that such corroded unseaworthy vessels were given licence renewals and allowed to run posing danger to everyone.

This incident point fingers to the fact that allowing such irresponsibly handled unseaworthy condition vessels could be a cause for security hazards in future and hence proper registration and monitoring system has to be implemented by registering authorities.

Though the direct loss incurred to the Port for salvaging the sunken vessel is Rs. 29.5 lakhs, the indirect loss due to cancellation/diversion of ships during the last 11 days is huge. In the above circumstances the Port is constrained to approach the offices who have caused the incident to make good the huge loss incurred by the Port.

Shipping Ministry Renames Kandla Port as Deendayal Port New Delhi Port Wings News Network andla Port, located in industrialized state of Gujarat and one of the top 12 major ports in the country under the administrative control of the Government of India through the Ministry of Shipping, has been renamed as Deendayal Port from 25 September in the name of Hindutva icon pandit Deendayal Upadhyay.

In a brief statement, the Government has announced that Kandla Port Trust is renamed as Deendayal Port Trust with effect from 25 September 2017 Besides the Kandla facility, ports at Tuticorin and Ennore in Tamil Nadu, and Nava Sheva (Mumbai), located in Maharashtra, have been renamed as V O Chidambaranar, Kamarajar and Jawaharlal Nehru respectively over the years by the government of India.

The central government in exercise of powers conferred on it under Indian Ports Act, 1908 made the amendment to replace “Kandla” with “Deendayal”, as per a notification issued by the ministry of shipping.

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Prime Minister Narendra Modi, earlier this year, while laying foundation stone for Rs933 crore projects at Kandla Port had suggested that it be named after pandit Deendayal Upadhyay, who stood for the uplift of all sections of the society.

“Deendayal stood for the poor... (so this name change) will inspire us to work for the poor, suppressed section of the society,” he had said.

The port’s journey began in 1931 with construction of a jetty by Maharao Khengarji. Gradually this port in

Gujarat became the number one port in India and on 31 March 2016, it created history by handling 100 million tonnes cargo in a year—the first Major Port to achieve the milestone.

Located on the Gulf of Kutch, it is one of major ports on west coast. It is the largest port of India by volume of cargo handled.

Chennai Air Cargo Clarifies on Congestion at the Complex Chennai

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Port Wings News Network eacting to the congestion at Chennai Air Cargo complex, senior Airports Authority of India official posted in Chennai stated that it was due to the “indiscreet issuance of carting order disproportionately to the airlines upliftment capacity.”

In a statement, Mr K. Selvakumar, Joint General Manager(Cargo), Airports Authority of India, Directorate of Cargo, C h e n n a i Airport, said: “It is observed that most of the airlines have issued carting order till 5 October without any intimation to AAICLAS and the handling agents. The LEO issued cargo also piled up in the export examination area and the airlines were choosing the cargo for scanning for the current flight only. Therefore, the examination as well as the truck dock area occupied with the export cargo accepted and Customs cleared in about last two days could not be cleared for taking forward to the bonded area. Most of the airlines are also not having security declaration documents accepted for the x-ray scanning.”

ARTIFICIAL CONGESTION COULD HAVE BEEN AVOIDED Mr Selvakumar stated: “Apart from the vehicles lined up in the export parking area and enroute around 70 export vehicles have been accommodated in the Import parking area, around 25 nearby the domestic cargo side and around 50 to 100 vehicles in the old Meenambakkam Airport area. The TSP generation has been temporarily suspended and agents community have been asked to assist the x-ray scanning processes by

production of additional copy of security declaration certificate etc. It is further analysed that the drastic reduction in the Customs duty draw back percentage wef 01.10.2017 also attributed to the more export cargo processing on these 2 to 3 days in addition to the consecutive Pooja holidays.”

Furthermore, the official requested the airlines community to restrict the carting orders to the upliftment capacity and keep AAICLAS and all the stakeholders informed about the proportionate increase in the carting order for any local reasons.

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Oct. 4th - 10th Issue

Swachchta Abhiyan Moves Ahead As Per Schedule in MPT Panaji

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Port Wings News Network he Mormugao Port Trust (MPT) is making all out efforts to achieve optimum results of the ‘Swachhta Abhiyan’ that was inaugurated in the port premises 15 September 2017 and bringing about cleanliness in their surrounding areas.

SUPERVISING THE CLEANLINESS DRIVE AT EVERY LOCATION A team of officers of the Port are personally supervising the cleanliness drive at every location.

Despite the incessant rains and inclement weather, the enthusiasm exhibited by the staff and employees in carrying out the cleanliness mission is simply commendable.

The officers, staff and employees of the port are vigorously pursuing the cleanliness drive programme as per the given schedule.

On 16 September, all the departments of the port were engaged in weeding out old records and cleaning the office premises. Each department representative is given the responsibility to oversee that the scheduled program of cleanliness in their respective department is carried out faithfully. The old records are being systematically arranged and disposed.

CLEAN DRIVE ON SUNDAY TOO The cleanliness drive was also undertaken on Sunday, and five employees each from every

department are engaged every day to carry out the cleanliness drive as per the locations identified for the cleanliness work. The long and winding Sea view road in the vicinity of the Port administrative building was cleared of all filth and garbage lying around by the port employees on 18thSeptember giving the place a new look. This road is being used by the residents of the area and is vulnerable for getting littered with dirt.

19 September was a day of challenge to the port staff and employees who were engaged in the cleanliness drive. They undertook the cleaning of a rain water drain that was clogged with undesired garbage and plastic which runs from the neighbouring residential settlement area, at Headland Sada, Mormugao, and through the Port residential complex.

The drain was successfully cleaned of all garbage and litter thereby restoring free flow of rain water ensuring no further stagnation

of water flow. Later the group undertook the cleanliness of the Bus stop shelters provided in and around the MPT residential complex, restoring the shelters as well as the entire area around the bus top clean.

The Port team will undertake painting of the bus stop shelters during the campaign period.

The ‘Swachchta Abhiyan’ is progressing as planned and is picking up steam every passing day. The port employees are showing exemplary commitment in making the mission a success.

TWO TOILETS BLOCKS INAUGURATED To coincide with the nationwide Swachchta Abhiyan being observed from 15 September - 2 October 2017 at MPT, two toilet blocks with modern facilities were constructed at a total cost of Rs. 14.00 lakhs and were inaugurated by the Deputy Chairman of MPT Mr G. P. Rai to facilitate public utility. One toilet block for ladies and gents was inaugurated at the famous Japanese Garden situated at the Headland Sada and frequently visited by the general public for recreation, and the other toilet block was inaugurated at the port’s Dr. Baba Saheb Ambedkar Vocational Centre in the Port Housing complex at Headland Sada. Both the toilet blocks will be maintained by the Port.

Swachh Bharat Abhiyan At Chennai Port Chennai

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Port Wings News Network he Chennai Port Trust is observing the third anniversary of Swachh Bharat Abhiyan from 15 September to 02 October. The tagline of this year’s campaign is “Swachhta Hi Sewa” that means “Cleanliness Is Service”.

According to a media statement, the campaign is being carried out with the active participation of each and every employee of the port as well as the port users. The activities have been so planned

that the entire port is cleaned. The offices are being cleared on unwanted old records, furniture, e-waste etc and strives for a clean workplace.

A plantation drive was undertaken on 27 September in the port premises.

The Chairman, Mr P Raveendran, I R T S , inaugurated the plantation drive and administered the Swachh Bharat pledge. Besides others, trustees and head of the various departments in the port administration took part in the event.

Hapag-Lloyd to conduct capital increase following merger with UASC Chennai

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Port Wings News Network apag-Lloyd AG will now carry out the capital increase that was agreed upon as part of the merger of Hapag-Lloyd and UASC. The gross proceeds are expected to amount to approx.

EUR 352 million (approx. USD 414 million).

NEW AUTHORISED SHARE CAPITAL The official merger of the two companies occurred on 24 May 2017. At the Annual General Meeting on 29 May 2017, the shareholders approved new authorised share capital for a capital increase. The capital increase is backstopped by the primary shareholders CSAV Germany Container Holding GmbH, Kuehne Maritime GmbH, Qatar Holding Germany GmbH and The Public Investment Fund of the Kingdom of Saudi Arabia for a total of approx. EUR 352 million. They

have committed to exercise their subscription rights and to acquire new shares that are not acquired by other shareholders.

The Company’s share capital of EUR 164,042,940.00 will increase by EUR 11,717,353.00 to EUR 175,760,293.00 by issuing 11,717,353 new no-par shares in exchange for cash while maintaining the shareholders’ subscription rights. The proportionate amount of the share capital attributable to each new share is EUR 1.00. The new shares became eligible for dividends on 1 January 2017 and shall be offered to all shareholders at a subscription price of EUR 30.00 and a ratio of 14:1 per share.

The subscription period for the shareholders is expected to start on 2 October 2017 and end on 16 October 2017. The expected gross issue proceeds from the capital increase of approx. EUR 352 million will primarily be used for the repayment of debt as well as general corporate purposes.

STRENGTHEN OUR CAPITAL STRUCTURE Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said, “Following the successful merger with UASC, we will use the capital increase to strengthen our capital structure and to use the proceeds to reduce the leverage of the company. This enables us to focus on enhancing our strategic and operating objectives.”

Subject to the approval of the prospectus by the German Federal Financial Supervisory Authority and the publication of the approved prospectus, which is expected to happen soon, the subscription offer is intended to be published in the German Federal Gazette on 29 September 2017. The securities prospectus will be made available for download on the website www.hapag-lloyd.com under Investor Relations after approval of the German Federal Financial Supervisory Authority.

DP World Subcontinent Recognised At Maritime Nation India Awards 2017

Mumbai

G

Port Wings News Network lobal trade enabler DP World Subcontinent has won the Corporate Social Responsibility category at the Maritime Nation India Awards 2017. The ceremony was held at the CIDCO International Exhibition and Convention Centre in Navi Mumbai.

This is the second award that DP World has won this month for sustainability initiatives in India.

The company was also awarded the ‘CSR Excellence of the Year award’ at The Gateway Awards 2017. The recognition was made for helping communities provide better education, healthcare facilities, career and employment opportunities.

Anil Singh, Senior Vice President and Managing Director, DP World Subcontinent, said:“Our commitment to sustainability,

supporting the communities where we operate is a global programme across 78 marine and inland terminals in 40 countries. I am very proud of the work we do in India in healthcare, education, skills development and the environment. It is heartening to see that these efforts have benefited hundreds of families and have become an integral part of our business.”

Kathryn Wightman-Beaven, Director, Global Sustainability, said: “We are delighted to see that the valuable work of colleagues in our Sub Continent Region is bearing fruit and also being recognised. These awards underline the dedication and hard work of our employees in delivering our global sustainability program ‘Our World, Our Future’.

Sustainability is embedded into our business and our commitment is for the long term, leaving a legacy for future generations.”

Joint Secretary Shipping S P Singh Visits JNPT Mumbai

A

Port Wings News Network s part of his familiarization trip to different ports under the administrative control of the Government of India, Satinder Pal Singh, who was appointed as the Joint Secretary Shipping in the Ministry of Shipping last month, visited Jawaharlal Nehru Port (JNPT) on 28 September.

Mr Anil Diggikar, Chairman, JNPT and Mr Neeraj Bansal, Deputy Chairman, JNPT, welcomes the Joint Secretary and briefed about the port operations.

QUARTERLY INTERACTIVE MEETING WITH STAKEHOLDERS The quarterly interactive meeting with all stakeholders was organized at Jawaharlal Nehru Port Trust (JNPT) recently.

The meeting was attended by officials and representatives of Terminal Operators, CFSAI, CSLA, MANSA, INSA, AMTOI, Customs and various Shipping Lines.

Mr Anil Diggikar, Chairman, JNPT and Mr Neeraj Bansal, Deputy Chairman, JNPT addressed the meeting and highlighted various measures taken in the recent months to further facilitate trade.

Chairman highlighted the cargo handling growth of 6.18% in TEUs

and 5.32% in tons, for AprilAugust 2017-18 compared to same period last year. Also, the Total Liquid Cargo handled by JNPT for August 2017 was 7.40 lakh MT, highest ever in the last seven years since March 2010 which was 7.72 lakh tonnes.

Deputy Chairman highlighted that 32.49% of import containers were cleared through Direct Port Delivery in August 2017 and Port is constantly working towards increasing this percentage for the overall benefit of the Trade. He also shared the good news of JNPCT winning “Container Terminal of the Year” at The Gateway Awards 2017 and thanked all stakeholders for their constant support and motivation due to which JNPT is constantly growing and improving

the efficiency parameters with a view to further facilitate the EXIM Trade.

JNPT Chairman requested all stakeholders to share their views and suggestions for the growth of the Port and EXIM Trade.

Oct. 4th - 10th Issue

WTO Launches 2017 World Trade Report on Trade, Technology New Delhi Port Wings News Network echnology and trade have propelled the global economy through a period of great dynamism over the past quarter of a century but – as with any economic advance – there has also been disruption. The 2017 edition of the WTO’s flagship publication, the World Trade Report, examines how technology and trade affect labour markets. The Report, launched on 27 September at the WTO Public Forum, notes that continued economic progress hinges on the ability of societies to remain open to trade and technological advance, while also being able to adjust, adapt and promote greater inclusiveness.

TECHNOLOGICAL PROGRESS AND ECONOMIC OUTPUT Technological progress expands economic output and increases welfare by improving productivity – allowing more output to be produced with the same resources – and by enabling further innovation and development.

Current technological progress has led to a higher relative demand for skilled workers and a lower relative demand for workers performing routine activities.

Like technological change, trade impacts productivity and welfare. Opening up to trade helps to allocate resources to the most productive activities and increases a country’s welfare, but the resulting gains in efficiency also require workers to adjust.

T

THE REPORT FINDINGS The report finds that although trade and technology are vital sources of economic growth, certain types of workers and/or regions may sometimes be adversely affected.

It also finds that, although the two are interrelated, it is technology and not trade that bears the greatest responsibility for the decreasing share of manufacturing jobs and for the declining number of middleskill jobs relative to low- and highskill jobs in developed economies.

Looking ahead, the prospects for increased automation suggest that technology may have an even greater impact on the future of jobs. While drawing firm conclusions about what this could mean for the labour markets is problematic, we can be sure that technological progress is likely to have an increasingly disruptive impact, rendering some skills obsolete but enhancing others and leading to the development of new skills and new jobs.

TECHNOLOGICAL PROGRESS CONTRIBUTE TO GROWTH More than ever before, the ability of workers to move from lower- to higher-productivity jobs – and from declining sectors to rising ones – is the main mechanism through which trade and technological progress contribute to growth, development and rising living standards.

Through a mix of adjustment, competitiveness and compensation policies, governments can help workers to manage the cost of adjusting to technological change and trade, while making sure that

the economy captures as much as possible the benefits from these changes.

DOMESTIC POLICY SHORTCOMINGS While today’s labour market problems are largely traceable to domestic policy shortcomings, a failure to find answers could have global ramifications. By providing a forum where governments can meet, talk and negotiate, the WTO offers an indispensable platform where governments can attain cooperative “win- win” approaches to the challenges of ongoing global economic change.

At the launch of the World Trade Report, a group of eminent panellists discussed the effects of globalization on labour markets and its implications for business strategies, governments’ macroeconomic policies, the evolution of labour markets and how societies might adjust to these changes.

POWERFUL DRIVERS OF ECONOMIC PROGRESS “Trade and technology are two

Paradip Port Organises Swachhata Hi Seva Drive New Delhi Port Wings News Network n line with the initiative of the Union Govt. – “Swachhta Hi Seva”, a nation-wide campaign is being observed at Paradip Port Trust and a Swachhata Rath was inaugurated today on 25 September

by Mr Rinkesh Roy, Chairman, PPT. During upcoming week, it will go to all the colonies in and around Paradip area to spread awareness for cleanliness and Swachhata Message.

Chairman, PPT flagged off the Rath along with Mr N Vaiyapuri, Deputy Chairman, Secretary and other HODs, officials and employees.

During this 17 days nation-wide campaign, various departments will undertake activities like cleaning of colonies, schools, stadiums, weeding out of old records, furniture, repairing of potholes and cleaning of roads, removal of unwanted vegetation, painting of

I

buildings, upgradation and cleaning of public toilets etc. to keep the surroundings neat and clean.

PPT OBSERVES WORLD HEART DAY The World Heart Day was observed at PPT Hospital on 29 September. On this occasion, a walkathon was organised to create awareness about heart related problems among the denizens of the Port township.

Capt. Paul N Joseph, Dy. Conservator, PPT, flagged off the walkathon in which the doctors, paramedical staffs of the PPT Hospital along with HoDs of the PPT, CISF personnel and general public participated with much enthusiasm.

Free Heart Check Up was also conducted in association with eminent Cardiologist like Dr. Lingaraj Nath of AMRI Hospital, Bhubaneswar, Dr. Dhabaleswar Sahu and Dr. Kumar Gaurav Behera from CARE Hospital, Bhubaneswar. Dr. L Padhuria, Sr. Medical Officer and Dr. Durga Prasad Sethy, Ophthalmologist of PPT Hospital co-ordinated the event under the guidance of Dr. Prahlad Panda, Chief Medical Officer, PPT.

Reinstate Duty Drawback Rates Immediately, Dr Sakthivel urges CBEC Chairman New Delhi Port Wings News Network r. A. Sakthivel, Regional Chairman, FIEO Southern Region met Mrs. Vanaja N. Sarna, Chairman, CBEC and requested her for urgent intervention to reinstate duty drawback rates as well as continuation of ROSL. SUBSTANTIAL REDUCTION OF DUTY DRAWBACK According to a FIEO media statement, the CBEC Chairman was receptive to the issues raised by the chairman who assured that she will

D

recommend it strongly as system of GST refund is not ready.

It may be noted that Dr. Sakthivel, FIEO Southern Region has been receiving representations from large number of exporters of all sectors including textiles, leather, agro, pharma etc. stating that they will lose their competitiveness of their products to other competing countries due to substantial reduction of duty drawback.

PROVIDING UPFRONT GST REFUND TO THE EXPORTERS This is shocking as exporters who have already committed export orders and are already facing issues regarding timely refund of GST. FIEO Regional Chairman also requested the CBEC Chairman for considering the suggestion of providing upfront GST refund to the exporters based on GSTR-1 & GSTR-3B submission.

of the most powerful drivers of economic progress,” said DirectorGeneral Roberto Azevedo in his opening address. He underlined that while most individuals are benefitting considerably from trade and technology, it is important to acknowledge that others can lose out. “We need to ensure that the benefits of economic progress reach everybody,” he said.

ECONOMIC PROGRESS REQUIRES ADJUSTMENT WTO Chief Economist Robert Koopman outlined the main findings of the Report. He stressed that while trade is important in driving a decline in poverty in many countries, economic progress also requires adjustment.

In the past decades, changes in labour market composition are largely due to technological progress, with increasing output produced by a steady amount of labour, Mr Koopman said. He noted that while the Report did not find any correlation between trade openness and unemployment or between trade

5

openness and inequality, evidence suggests that trade supports jobs and particularly the participation of women in the workforce. He concluded that the right domestic policies tailored to the needs of each country play an important role in facilitating the necessary economic adjustment.

SENSE OF EMPOWERMENT Professor Dennis Snower of Kiel Institute for the World Economy observed that employment also fulfils human needs relating to the sense of empowerment and social solidarity, while noting that the increased use of robots and artificial intelligence calls for a revolution in education and training. “The skills that we already have – empathy, compassion, reading one another, shaping each other’s goals by influencing each other – these are the skills we will need in the future”, he said.

Noting that the transition from agricultural to industrial economies at the beginning of the 20th century resulted in great social tension, Professor Snower concluded by noting: “Now our challenge is to make this transition without the cost of world wars.”

Pankaj Ghemawat of IESE Business School and Stern School of Business pointed to an exaggerated perception of globalization and a general demand for economic benefits to stay at home. These factors have significant implications for our ability to win support for trade deals, he stressed.

K.S.R.FrEIGHT FOrWArDErs (P) LTD. Corpoate Office: CHennai: No.48/39, Rajaji Salai, Wavoo Mansion, 6th Floor, Parrys, Chennai - 600001.

Tel: +91 (44) 25243623-28 Fax: +91 (44) 25243629 E-mail: murthy_krishna@ksrindia.net, pradeak_sk@ksrindia.net

branches Bengaluru ksr freight forwarders (p) ltd.

No.12, 8th Main Road, Chandremouleswara Layout, Hunasmaranhalli, Jala Hobli, International Airport Road, Bengaluru - 562 157.

Mob: 07760980009 E-mail: anand@ksrindia.net

hyderabad ksr freight forwarders (p) ltd.

H/No. 23-178, 1st Floor, Madhura Nagar, Shamshabad, Airport Road, Hyderabad - 501 218.

Tel: +91 8413 222428 E-mail: sreekumar@ksrindia.net

kandla ksr freight forwarders (p) ltd.

Office No.10, G.F.Mani Complex, Plot No-84, Sector - 8, Nr. Ramleela Ground, Gandhidham, Kutch - 370201. Gujarat, India.

Tel: +91 2836-229279 Email: kandla@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 ksr freight forwarders (p) ltd.

No.07, First Floor, Nathu Apparment, Road No.4, Street No.9, Mahipalpur Extension, New Delhi - 110037, India.

Tel: +91 (011) 30498531 Email: delhi@ksrindia.net, justin@ksrindia.net tuticorin ksr freight forwarders (p) ltd.

No.5B/438A, S N R Nagar, Caldwell Colony, 1st Street, Tuticorin - 628008 (TN), Tel: +91 (0461) 2375842 Email: kskanthan@ksrindia.net

kolkata ksr freight forwarders (p) ltd.

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

Tel: 91+(33) 40614134 Mob: 9038011590 E-mail: kolkata@ksrindia.net mundra ksr freight forwarders (p) ltd.

Office No.10, G.F.Mani Complex, Plot No-84, Sector - 8, Nr. Ramleela Ground, Gandhidham, Kutch - 370201. Gujarat, India.

Tel: +91 2836-229279 Email: mundra@ksrindia.net sullurpeta ksr freight forwarders (p) ltd.

EB No. 1164, Adityanagar, Near HP Petroliam Depot, Tada, SPSR Nellore (D.T) A.P., PIN-524401 Tel: +91 (8623) 249648 Fax: +91 (8623) 249648 E-mail: ksr_spet@ksrindia.net 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

kandla ksr freight forwarders (p) ltd.

Office No.10, G.F.Mani Complex, Plot No-84, Sector - 8, Nr. Ramleela Ground, Gandhidham, Kutch - 370201. Gujarat, India.

Tel: +91 2836-229279 Email: kandla@ksrindia.net

Petrapole KSR FREIGHT FORWARDERS PVT LTD Jatindra Bhavan, Petrapole, Land Phone-(03215)-245087.

Ctc – Sujay Neogi – 9073365079 & 9153146072 Subha - 8348608738 Email: cs.ccu@ksrindia.net

Website: www.ksrindia.org

6

Vessel Position at Terminals - (04.10.2017 TO 11.10.17)

Oct. 4th - 10th Issue

7

CITPL - Chennai

CCTL - Chennai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

07/10

08/10

CHX

Leonido

1715

Maersk

Krishnapatnam, Visakhapatnam, Tanjung Pelapas, Singapore, Xingang, Qingdao, Busan

03/10

04/10

ACS

HS Baffin

7

Hyundai

Singapore, Port Klang, Chennai, Kattupalli, Krishnapatnam

07/10

08/10

TCX

NYK Furano

34

NYK

03/10

04/10

FEEDER

Spirit of Mumbai

SI739R

MSC

Colombo

Laem Chabang, Singapore, Port Klang, Kattupalli, Chennai, Port Klang, Singapore

04/10

05/10

TSC

Racha Bhum

89

RCL

Port Klang, Port Klang, Chennai, Port Klang, West Port Klang, Singapore, Laem Vhabang

04/10

05/10

BOX 1

Euromax

1533E

BTL

Colombo

PSA Sical - Tuticorin ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

04/10

05/10

FEEDER

St.John Box

021

Seacon/X Press Feeder

Colombo

08/10

09/10

FEEDER

St.John Box

022

Seacon/X Press Feeder

Colombo

06/10

07/10

FEEDER

Cape Nemo

301S

BTL (I) / BTL

Colombo

E.G.M.NO.

DAKSHINBHARATH GATEWAY TERMINAL / Tuticorin 06/10

07/10

FEEDER

ER SYDNEY

BTL

Kattupalli ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

04/10

05/10

CCG

Rio Charleston

4

Evergreen

Jebel Ali, Cochin, Colombo, Chennai, Visakhapatnam, Kattupalli, Colombo, Cochin, Jebel Ali

COLOMBO, TUTICORIN

KPCT, Krishnapatnam

ICTT - Vallarpadam ETA

ETD

Service

Vessel Name

Voy

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

05/10

06/10

RSA

OEL India

271

SHR

Cochin, Colombo

09/10

10/10

SMILE

SSL Mumbai

072

SHR

Mundra, Tuticorin, Cochin, Chennai, Tuticorin, Cochin, Jebel Ali...

05/10

06/10

PIX 1

SSL Kochi

134

SHR

Mundra, Cochin, Tuticorin, Mundra, Tuticorin, Cochin, Mundra, Hazira

06/10

07/10

PIX-2

SSL GUJARAT

045W

07/10

08/10

PIX 2

SSL Delhi

009

SHR

Pipava, Tuticorin, Cochin, Chennai...

06/1

07/10

TCX

NYK FURANO

034W

05/10

06/10

NEMO

AL Bahia

7131

Hapag Lloyd

Cochin, Damietta, Malta, Geno, Tilbury...

08/09

09/10

GALEX

Emirates Sana

1735

Emirates

Port Kelang, Colombo, Cochin, Nhava Sheva...

08/10

09/10

GALEX

Emirates Dana

17486

Emirates

Port Kelang, Colombo, Cochin, Nhava Sheva, Mundra, Jebel Ali...

APM Terminal - Mumbai

Agent/Line

Calling Ports

07/10

08/10

ACS

HS BAFFIN

007E

Hyundai & Zim

Port Klang, Singapore, Caillan, Pusan, Ulsan

09/10

10/10

CHX

LEONIDIO

1715

Maersk

T.Pelepas, Xingang, Qingado, Busan, Shangahi, Nansha

09/10

10/10

FEEDER

CHARLOTTE SCHULTE

1722

Maersk

Colombo, Salalah

NYK

T.Pelepas, Xingang, Qingado, Busan, Shangahi, Nansha

Tuitcorin, Cochin, Jebel Ali

Adani Mundra Container Terminal - Mundra ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

07/10

08/10

AIS

Wide India

1707E

SSK

Port Klang, Nhava Sheva, Mundra...

08/10

09/10

AGIS

Fowairet

1738E

HLL

Jebel Ali, Mundra

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

03/10

04/10

ASX

Grouse Hunter

19

TWF

Jebel Ali, Mundra, Nhava Sheva

07/10

08/10

FM3

Northern Julie

1712

Maersk (I) / Maersk Line

Colombo, Nhava Sheva, Mundra, Singapore, Xingang (TJ)

06/10

07/10

CPX

OOCL California

079E

OCL

04/10

05/10

PM2

Kota Lahir

107E

PIL

04/10

05/10

ME-3

Maersk Kimi

1712

Maersk (I) / Maersk Line

Pipavav, Hazira, JNPT, Jebel Ali, Salalah, Port Said, Mersin, Ambarli...

Fuzhou New Port, Hong Kong, Nansha, Shekou, Singapore...

04/10

05/10

MINA

AL Safat

1739W

HLL

05/10

06/10

HLS

Express Black Sea

027E

NYK

Port Klang, Singapore, Nhava Sheva, Karachi, Pipavav, Colombo...

Khor Al Fakkan, Jebel Ali, Port Qasim, Mundra, Nhava Sheva, Jeddah...

08/10

09/10

MINA

Northern Javelin

1739W

HLL

08/10

09/10

CIX3

Zim Los Angeles

046GCE

GLD

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

Khor Al Fakkan, Jebel Ali, Port Qasim, Mundra, Nhava Sheva, Jeddah...

10/10

11/10

CIX

Corinthiakos

E109

Hapag Lloyd

Singapore, Kaohsiung, Hong Kong, Shekou Nhava Sheva, Pipavav...

05/10

06/10

win

Zante

104E

SEC

Port Klang, Nhava Sheva, Pipavav, Hong Kong, Ningbo, Shanghai...

04/10

05/10

IMX

X-Press Karakoram

025W

ZIM

Port Klang, Colombo, Nhava Sheva, Hazira, Mundra, Haifa, Alexandria....

05/10

06/10

HSX

MOL Earnest

203E

MOL

Nhava Sheva, Karachi, Pipavav, Colombo, Port Klang, Singapore....

06/10

07/10

ASX

Grouse Hunter

19

TWF

Jebel Ali, Mundra, Nhava ShevaJebel Ali, Mundra, Hazira, Nhava Sheva...

NSICT - Mumbai

JNPT - Mumbai ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

08/10

09/10

INDAMEX

Mehuin

7140

NYK/NYK

Newark, Norfolk, Savannah, Charleston, Port Said, Jeddah, Port Qasim...

05/10

06/10

CISC

JPO Taurus

147W

CSP

Nhava Sheva, Colombo, Singapore, Shanghai, Ningbo, Hong Kong...

07/10

08/10

CISC

Cosco Hamburg

0202

PIL

Jebel Ali, Mundra, Nhava Sheva, Abu Dhabi

04/10

05/10

AIS

Wide India

1707

KMD

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

09/10

10/10

AIS

Hyundai Global

064W

GLD

Port Klang, Nhava Sheva

06/10

07/10

NDX

Cardonia

713

POS

Jebel Ali, Jnpt, Doha

05/10

06/10

CISC

JPO Taurus

147W

CSP

Nhava Sheva, Colombo, Singapore, Shanghai, Ningbo, Hong Kong...

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

07/10

08/10

EPIC

APL Charleston

125EGW

CMA CGM

Tanger Med, Southampton, Rotterdam, Humburg, Antwerp, Dunkerque...

08/10

09/10

MECL

Maersk Kensington

1708

Maersk (I) / Maersk Line

Port Qasim, Mundra, Pipavav, NSICT,

09/10

10/10

MWE

Uni Florida

1720

Maersk (I) / Maersk Line

Salalah, Mombasa, Nhava Sheva, Mundra...

ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

05/10

06/10

INDUS

MSC Joanna

740A

MSC (I) / MSC

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

04/10

05/10

EPCI-1

San Felix

735

HSD

Khor Fakkan, Jebel Ali, Port Qasim, Nhava Sheva, Mundra, Jeddah...

06/10

07/10

SWAX

CMA CGM Manet

2542SS

CMACGM

Nhava Shiva, Mundra, Khor Al

10/10

11/10

INDAMEX

Mehuin

7140

HLL

Port Qasim, Nhava Sheva, Mundra...

04/10

05/10

MESAWA

Seaspan Lumaco

035MSW

CMACGM

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

08/10

09/10

ME-1

Maersk Gibraltar

1712

MSK

Jebel Ali, Jawaharlal Nehru, Mundra, Salalah, Jeddah, Suez Canal...

03/10

04/10

GALEX

Balbina

1737W

Emirates

Port Kelang, Colombo, Cochin, Nhava Sheva, Mundra, Jebel Ali, Hazira...

09/10

10/10

MECL

Northern Julie

1713

MSK

Nhava Sheva, Mundra, Port Qasim, Singapore

04/10

05/10

MIDAS

Puccini

1715

Maersk (I) / Maersk Line

Khor Al Fakkan, Jebel Ali, Bandar Shahid...

09/10

10/10

MIDAS

Thorstar

039MTW

CGM

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

04/10

05/10

MAWINGU

Hansa America

1721

MSK

JNPT, Mundra, Port Qasim, Salalah, Mombasa

06/10

07/10

GALEX

Balbina

1737W

ESA

Port Kelang, Colombo, Cochin, Nhava Sheva, Mundra, Jebel Ali, Hazira

Adani CMA Mundra Terminal Pvt. Ltd. ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

03/10

04/10

CISC

PL Germany

058E

MBK

Tianjinxingang, Qingdao, Kaohsiung, Singapore, Port Klang, Nhava Sheva, Mundra, Colombo

10/10

11/10

CISC

Cosco Hamburg

202E

PIL

Tianjinxingang, Qingdao, Kaohsiung, Singapore, Port Klang,

08/10

09/10

MESAWA

Northern Power

1707

MSK

Port Qasim, Nhava Sheva, Hazira, Mundra, King Abdullah City, Gioia Tauro, Tanger Med

Mundra International Container Terminal

Adani International Container Terminal - Mundra ETA

ETD

Service

Vessel Name

Voy

Agent/Line

Calling Ports

05/10

06/10

ISES

MSC Topaz

739R

MSC

Colombo, Nhava Sheva, Mundra, King Abdullah, Gioia Tauro, Felixstowe...

740A

MSC

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

08/10

09/10

SWAX

CMA CGM Manet

2452SS

CGM

Nhava Sheva, Mundra, Khor AL Fakkan, Jebel Ali

07/10

08/10

INDUS

MSC Joanna

03/10

04/10

NISC

Amalthea

1702

ASM

Mundra, Khor AL Fakkan, Jebel Ali

07/10

08/10

CHEETA

MSC Krittika

739A

MSC

10/10

11/10

EPIC

APL Charleston

125EGW

CGM

05/10

06/10

IGWE

MSC Earth

735R

MSC

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.

Khor AL Fakkan, Jebel Ali, Port Qasim, Nhava Sheva, Mundra, Jeddah...

Oct. 4th - 10th Issue

OOCL Christens 21,413-TEU Containership - the OOCL United Kingdom New Delhi Port Wings News Network n 27 September, OOCL commemorated the christening of the latest 21,413 TEU containership to join our fleet this year. Constructed by Samsung Heavy Industries (SHI), Hull H2175 is the fourth in the line of six ordered by OOCL from the Korean shipyard.

LATEST 21,413 TEU CONTAINERSHIP Named the OOCL United Kingdom, and together with her sister vessels, Chief Financial Officer of OOCL Mr. Alan Tung indicated that they are “a class of their own” as the world’s largest by carrying capacity.

“Following our ‘M Class’ of 13,208 TEU vessels also built here at SHI, we are delighted to be adding these state-of-the-art titans at sea ‘G Class’ containerships into our fleet,” said Mr. Tung at the naming ceremony.

“In commemoration of this milestone at OOCL, we are very pleased to be able to once again invite Mrs. Tamiko Onaka as our Sponsor to officiate the naming of our latest vessel. Thank you, Mrs. Onaka, for joining us and doing us the honor.”

The last time Mrs. Onaka gave her blessings to our vessel was in 2015 when the 8,888 TEU OOCL Genoa was christened and later set sail on her maiden voyage to begin her service on the Trans-Pacific trade lanes.

In his ceremonial address, Mr. Tung also gave his special thanks to our Guest of Honor, Mr. Koichi Onaka, Managing Executive Officer of Sumitomo Mitsui Trust Bank (SMTB), for playing an important role in supporting OOCL’s fleet improvement that started with the financing work on two OOCL ‘SX Class’ vessels which eventually culminated in making the OOCL

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s e l e c t i o n , fabrication to assembly, the shipyard must be able to bring a concept on paper to become a technically sound and economically viable product for the ship owner, the shipyard, the makers and sub-contractors.

Adding on the fact that many aspects From L-R: Mr. D. Y. Park, President & Chief Executive Officer of Samsung Heavy Industries; Mrs. Tamiko Onaka, Sponsor; of this class of Mr. Koichi Onaka, Managing Executive Officer of Sumitomo vessels are in fact Mitsui Trust Bank (SMTB) and Guest of Honor; Mrs. Jackeline record breaking, be Tung, wife of Mr. Alan Tung; Mr. Alan Tung, CFO of OOCL. it size or machinery capacity and United Kingdom a success.

“SMTB has long been recognized output, I think SHI should be very for its knowledge in the shipping proud that it has achieved this goal industry,” said Mr. Tung. “The in the safest and most efficient reasons for this success is both manner.”

Together with her sister ships, due to a long history of shipping in Japan and also the Bank’s global the OOCL United Kingdom, as the outlook and perspective. I cherish largest containership in the world, our friendship and look forward to follows the same port rotation to further our collaboration and work call Felixstowe as the first European port of call in her maiden voyage. together in the future.”

To express his gratitude and Interestingly, 27 years ago in 1990, appreciation at the event, Mr. Onaka the largest containership in the world said: “My special thanks goes to all at the time also celebrated her first those who contributed to the success European port of call on her maiden of OOCL United Kingdom. Without voyage to Felixstowe. She was the your great dedication toward this vessel named OOCL Hope, a 3,500 project and brilliant organization, TEU containership from OOCL. To this wonderful event wouldn’t have put things further into perspective, been possible. I am very proud to be OOCL United Kingdom is six times here, and I thank OOCL for giving larger or 600% greater in capacity, my wife, Tamiko, the great honor but only burns 60% more fuel per to name and bless the vessel. It is day.

The OOCL United Kingdom will an experience she and I will never be serving the Asia-Europe trade forget.” lane on the LL1 service and her LONG-STANDING BUSINESS port rotation is: Shanghai / Ningbo PARTNERSHIP In thanking SHI and commenting / Xiamen / Yantian / Singapore / via on the long-standing business Suez Canal / Felixstowe / Rotterdam partnership with the shipyard, Mr. / Gdansk / Wilhelmshaven / Tung remarked: “The shipbuilding Felixstowe / via Suez Canal / process is a complicated one. Singapore / Yantian / Shanghai in a From hull form design, machinery 77-day round trip.

Bangladesh Plans Mega Import of Rice from Open Market, India, Thailand in Race New Delhi Port Wings News Network ultiple media reports have suggested that rice prices have dipped this week in the Asian hubs of India and Thailand, but prospects of new deals with flood-ravaged Bangladesh could reinvigorate sluggish markets for the staple grain amongst top exporters in the region.

BANGLADESH MAJOR IMPORTER According to media reports citing an unnamed Bangladeshi food ministry official, Bangladesh, which has emerged as a major importer this year to try to shore up stocks in the country, is looking to buy more rice in government-to-government deals to combat high domestic prices.

“We can buy from India, Thailand and Vietnam,” he said, without elaborating.

The lowest offer in the tender from Bangladesh’s state grains buyer to purchase 50,000 tonnes of rice which closed on Thursday was USD 427.33 a tonne, on a cost, insurance and freight basis, liner out from a domestic trader.

CHANGING TRENDS IN THAILAND MARKET In Thailand, benchmark 5-percent broken rice eased to USD 375-USD 385 a tonne, free-on-board (FOB)

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Bangkok, from the USD 390-USD 396 level last week on lower demand from overseas amid a strong local currency.

“Since the value of the baht remains relatively strong and stable, we can’t compete with other rice exporting countries,” a Bangkokbased rice trader said.

But there continues to be some demand for Thai rice from Bangladesh, the trader also said.

“We expect Bangladesh to import a total of 500,000 tonnes due to the flooding crisis. So far, they have already imported around 250,000 tonnes,” the trader said.

Thai prices could decline further and demand is likely to witness a seasonal slowdown toward the end of the year.

SLUGGISH DEMAND FOR INDIAN RICE India’s 5 percent broken parboiled rice prices fell by USD 12 per tonne from last week to the USD 405-

USD 408 range on sluggish demand and as a depreciation in the rupee allowed dealers to reduce export prices.

“In dollar terms, prices have come down due to the falling rupee. Demand from African countries is weak,” said an exporter based in Kakinada in the southern state of Andhra Pradesh.

The Indian rupee has fallen 2.5 percent so far in September and was trading near its lowest level in 6-1/2 months. A weak rupee increases exporters’ margin.

India’s rice production from the summer-sown crop is likely to fall 2 percent year-on-year to 94.48 million tonnes.

DEMAND FOR VIETNAM RICE GROWS In Vietnam, 5 percent broken rice was quoted at USD 385-USD 395 a tonne, FOB Saigon, versus the USD 390-USD 395 range last week, with traders attributing the high rates to a lack of fresh supply in a thinly traded market.

The Vietnam Food Association has raised the country’s target for rice exports in 2017 to 5.6 million tonnes, with the world’s thirdbiggest exporter having sold 3.8 million tonnes so far this year.

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NEWS - BITS CMA CGM Announces Blank Sailing Program for Chinese Golden Week

As a consequence of the traditional activity slowdown in Asia during the Golden Week (October 1st to 7th, 2017 is National holiday in China), CMA CGM Asia-Latin America Lines will perform the following blank sailings to adjust their deployed capacities and ensure proper service continuation.

The following voyage on ACSA 2 service will be blanked: Eastbound | m/v CAPELLA voy. 231AEE, in Shanghai on October 9th, 2017 and Westbound | m/v CAPELLA voy. 232AEW, in San Antonio on November 22th, 2017

Panalpina expands Perishables Network into Germany

Following on announcement regarding Panalpina’s acquisition in the Netherlands, the international freight forwarding and logistics company is now also expanding its Perishables Network into Germany. Panalpina has entered into an agreement with the Cool Chain Group, Germany (CCG), taking over business and a team that is specialized in international air freight and the import of perishables. The deal will further strengthen the Panalpina Perishables Network in Europe and the company’s global end-to-end offering for fresh produce.

World Container Index: Drewry assessment on 28 September 2017

The composite index is down by 4.9% this week and down by 6% from the same period of 2016.

The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,527/40ft container, which is $101 lower than the five-year average of $1,628/40ft container. It is also 6% lower than a year ago.

The rates have dropped ahead of the Golden Week holidays in China. The World Container Index (WCI) between Shanghai and Rotterdam lost another $54 for a 40ft box this week to reach $1,1397. Similarly, the rates from Shanghai to Los Angeles dropped by $82 to reach $1,464 per feu and the rates on ShanghaiNew York declined by another $154 to reach $1,981 per 40ft box. We expect the rates to fall further next week on account of the Chinese factory shutdown.

Volga-Dnepr Delivers Drilling Machine To Mining Project In India

The local availability of one of Volga-Dnepr’s IL-76TD-90VD freighters helped Air Charter Service to ensure the quick and cost efficient transportation of a 27-tonne outsize drilling machine from Perth, Australia, to a mining project in India.

Destined for Ahmedabad, the largest city in the Indian state of Gujarat, the sensitive piece of mining equipment measured over 15 metres in length and was more than three metres high. Experts from Volga-Dnepr’s Cargo Planning Centre created a special loading plan to ensure the safe positioning of the machinery into the IL-76TD-90VD’s cargo cabin, taking into account the minimal clearance between the height of the shipment and the aircraft’s rear loading door. The drilling machine was pulled into the aircraft using the IL-76TD-90VD’s onboard winches.

NHAI’s projects to generate approximately 50 Crore man-days employment

The ongoing and targeted projects of National Highways Authority of India would generate estimated employment of approximately 50 crores man days over the next four years on a seasonal basis. This would be averaging to nearly 12.5 crore man-days yearly from 2018-2022. Of this, about 1.0 crore will be professional man-days, 3.5 crore skilled labour man-days and 8.0 crore semiskilled and un-skilled man days.

The NHAI currently has 282 projects having length of about 20,000 km under implementation across the country out of which 10,000 km of length is targeted to be completed over next one to two years. There are around 220 projects having length of about 31,000 km which are targeted to be awarded and completed in the next 3 to 4 years across all the States in the country under NHDP and Bharat Mala Schemes. Thus, NHAI plans to construct approximately 50,000 km Highways in next 4 years.

CUSTOMS EXCHANGE RATES Notification No.90/2017 (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) Kenya Shilling (100)

with effect from 22nd Sep. 2017

RATE (INR) Import Export 52.65 50.80 177.05 165.45 53.15 51.45 9.59 9.65 10.50 10.10 77.95 75.35 8.40 8.15 221.60 207.00 48.20 46.50 8.35 8.05 88.60 85.70 18.00 16.85 17.80 16.65 48.50 47.00 5.00 4.65 8.20 7.90 67.60 65.35 18.15 17.00 65.40 63.70 58.40 56.40 64.60 60.35

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/CNI/GPO/067/2015-17 Posted at Pathrika Channel, Egmore, RMS, Chennai-8.

Date of Publication - Tuesday, Posted on Tuesday / Wednesday

8

Maersk Receives “The Grand Prix Award” for Campaign New Delhi Port Wings News Network aersk’s “The Heart of Trade” campaign was awarded The Grand Prix award at the prestigious Cannes Corporate Media & TV Awards on 28 September.

‘THE HEART OF TRADE’ According to a media statement, Maersk’s online corporate branding campaign ‘The Heart of Trade’ promotes the company’s longstanding passion for trade through a series of authentic films celebrating the everyday entrepreneur of this world as the true hero of global trade.

The films intend to provide a human perspective on global trade and portray three self-made trade champions of the +60.000 Maersk customers that keep the wheels of

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world trade going around. Each film in this campaign is signed off with “We [Heart] Trade”.

Jon Black Andersen, Head of Corporate Branding for A.P. MøllerMaersk commented: “Trade is the pulse of the global economy. It accounts for roughly 60% of global GDP and as the leading network of container logistics we have a role to play in the constant drive towards further enabling people to trade. Through our Heart of Trade campaign, we are highlighting the

human perspective, a tiny selection of a realm of great stories of local entrepreneurs creating growth and prosperity in local communities through trade. Since the launch of the campaign more than 5.5 million people have watched the videos online. Having long worked to position Maersk as thought leader within global trade, this campaign builds on this by remembering what trade is ultimately about and how our most important job is to everyday support our customers in realizing their dreams.”

The Heart of Trade was directed by Malcolm Green and produced by Ursus and M2Film. For more information and to discover ‘The Heart of Trade’ campaign please visit: https://www. maersk.com/explore/we-love-trade

UPS, SF Holding joint venture wins regulatory approval in China beginning with deliveries from China to the United States, giving Chinese e-commerce sellers access to the U.S. market.

UPS and SF Holding began collaborating in 2015 when SF’s retail stores in Shanghai and Shenzhen began offering UPS Worldwide Express service.

Under the J.V., customers in China “will now be in a position to trade more easily across borders and better compete on the global stage,” said Ross McCullough, president of UPS Asia Pacific.

New Delhi Port Wings News Network PS and Chinese transport and logistics company SF Holding – parent company of carrier SF Express – received approval of their planned joint venture from China’s Ministry of Commerce.

INTERNATIONAL DELIVERY SERVICES According to a media statement, the joint venture, which the companies announced back in May, will establish international delivery services,

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GLOBAL REACH PLUS The J.V. approval means shippers looking for options for less-urgent shipments can access Global Reach Plus, the joint venture’s deferred express product. The product will offer shipping in five to seven business days utilizing UPS and SF networks, a single point of contact for customers through SF’s customer service, tracking options using SF’s tracking tools integrated with UPS technology, and flexibility for shipment pick-up times and delivery options with UPS My Choice and UPS Access Point.

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Oct. 4th - 10th Issue

Air Canada Cargo Boosts Capacity to India With New Flights

New Delhi Port Wings News Network ir Canada Cargo, which provides direct cargo services to over 150 Canadian, U.S. transborder and international destinations and has sales representation in over 50 countries, has added capacity to and from India with new flights and aircraft changes.

SERVICE BETWEEN VANCOUVER AND DELHI According to a media statement, starting 14 October, service resumes between Vancouver and Delhi, starting with three flights per week on a Boeing 787-9 Dreamliner, extending to five flights per week. These flights are in addition to our year-round daily flights between Toronto and Delhi.

Additionally, starting early

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November, our Toronto - Mumbai flight will be operated on a Boeing 777-200LR aircraft which offers consistent uplift and fewer weight restrictions for shipments out of Mumbai than the current 787 aircraft.

According to STAT Trade Times, Tim Strauss, vice president, Cargo for Air Canada, said, “In India, there are hi-tech products, perishables, clothing goods, and it’s a magical market. We are very excited to get more deeply into that market and expand. A lot of Indian population just doesn’t go in one way, it’s a round trip. Both families and business people go back and forth. It is a critical market for cargo as well.

We will be in India for a long time.”

CCI Dismisses Allegation Of IATA Of Cartelization Against Air Cargo Agents Association Of India New Delhi Port Wings News Network he Competition Commission of India (CCI) has dismissed allegations of cartelization against the Air Cargo Agents Association of India made by the IATA recently.

THE ALLEGATION It was alleged that Air Cargo Agents Association of India, which is a national trade association representing the air cargo industry in India are actively encouraging and pressurizing member cargo agents to collectively boycott businesses of airlines that seek to implement the Cargo Accounts Settlement System (CASS) in India.

It was also alleged that ACAAI in order to derail the implementation of CASS, are persuading airlines to refrain from asking agents to join CASS in India.

By way of evidence, IATA produced an e-mail (dated May, 2014) by which the association persuaded its member agents to send a letter to a member airline of IATA and sought confirmation from member agents in this regard.

IATA had said that by circulating such draft letter, the association is encouraging its member agents to collectively boycott the IATA’s meetings relating to CASS. CCI’S DECISION The CCI upon perusal of the emails and letters produced by IATA observed that the association

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is not forcing its decision on the member agents and they are free to make independent decision concerning their participation in the implementation of CASS by the airlines. It was observed by CCI that the decision of the association only seems to be recommendatory for its members.

Further, the CCI noted that IATA has not furnished any data showing the negative impact on the business of the two IATA member airlines, which can be attributed to the activities of the association.

Accordingly, citing lack of evidence to prima facie suggest an agreement, CCI dismissed the case.

SECOND TIME According to information available on media, this is the second time that the parties have faced off over

implementation of CASS by the IATA in the CCI. In an earlier order dated 04.06.2015, the CCI has dismissed allegations by the Air Cargo Association of India that the implementation of CASS is violative.

The CCI held that that the introduction of CASS

by IATA is not anti-competitive on account of the fact that it is an efficient system and because it is not fully functional in India and still in the pilot stage.

However, the CCI’s order dated 04.06.2015 has been subsequently overturned by the Competition Appellate Tribunal (COMPAT) vide its decision dated 15.11.2016 in Appeal No. 98/2015. The COMPAT vide this order has directed the DG to investigate the matter with regard to the allegation of abuse of dominant position

by IATA.

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.