Category Archives: Shipping

APM Terminals Pipavav Q2 net falls 23% to Rs 520 million

APM Terminals Pipavav (Gujarat Pipavav Port) has reported 23 per cent decline in net profit at Rs 520 million for the second quarter ended September 30, 2020. The company had reported consolidated net profit of Rs 671 million for the corresponding quarter of last year. Revenues for the second quarter stood at Rs 1,827 million as against Rs 1,992 million, lower by 8 per cent. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) fell to Rs. 1,029 million as compared to Rs. 1,267 million in Q2FY20. EBITDA margin stood at 56 per cent in Q2FY21 as against 64 per cent in Q2FY20; while net profit margin was at 28 per cent during July-September quarter as compared to 34 per cent in Q2FY20. For the first half-year ended September 30, 2020, the revenues stood at Rs 3,416 million, lower by 9 per cent compared to first half of FY20. EBIDTA and net profit declined by 13 per cent and 20 per cent respectively to Rs. 1,984 million and Rs. 984 million. The quarter gone by has marked positive signs for the port as the Board of the Company approved investment of Rs 700 crore for the expansion plan. The stated investment will be utilized for upgrading the port’s existing facility to handle bigger ships and eventually expand the container capacity to 1.6 million TEUs.

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CMA CGM Group to acquire 26 LNG powered vessels in Rotterdam port by 2022, driving the shipping industry’s energy transition

The CMA CGM Group has embarked on a major program to build a new class of liquefied natural gas-powered vessels, as part of its drive to take the shipping industry’s energy transition to the next level. The CMA CGM JACQUES SAADE has begun its first LNG bunkering operation in Rotterdam. The Port of Rotterdam will play a key role in refueling the Group’s LNG-powered fleet, which operates regular services between Asia and Europe. In November 2017, Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, made the visionary decision to order nine 23,000 TEUs (Twenty-foot Equivalent Units) with an LNG power supply, a first in the history of the shipping industry for vessels of this size. This fleet is the product of seven years of research and development efforts. It will operate on the Group’s iconic French Asia Line (FAL 1) connecting Asia with Europe. The line provides a weekly service comprising 13 calls over 84 days. These nine vessels will be registered on the International French Register (RIF). Following this record order for nine 23,000 TEU containerships, including the CMA CGM JACQUES SAADE and the recently delivered CMA CGM CHAMPS ELYSEES, the CMA CGM Group now operates seven LNG-powered containerships and will have a fleet of 26 containerships of various sizes by 2022. LNG is currently the state-of-the-art industry solution for preserving air quality. It delivers a reduction of 99% in sulfur dioxide and fine particle emissions and of 85% in nitrogen oxide emissions, surpassing the requirements of current regulations. LNG also provides an initial response to the challenge of tackling climate change. An LNG-powered vessel also emits up to 20% less CO2 than fuel-powered systems. This technology …

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With a changed name, the Ministry will put extra focus on the development of waterways & coastal shipping: Mansukh Mandaviya

Following the announcement, made by Prime Minister Narendra Modi, of renaming Ministry of Shipping to Ministry of Ports, Shipping and Waterways, Mansukh Mandaviya, Union Minister of Shipping, states during the formal unveiling of plaque ceremony, “It is indeed a matter of pride that with Prime Minister’s vision, the country is moving ahead with a holistic and long-term approach of multi-modal connectivity.” He added that he is indeed grateful to Prime Minister for his foresight regarding the expansion of the scope of work as far as ports, shipping and waterways are concerned. He says, “With the changed name, the Ministry is going to put extra focus on the development of Waterways and coastal shipping. Around 1400 km of waterways have already been fully developed and additional 1000 km is being developed on priority for which DPR/feasibility study has been completed. We are also focusing for creation of a Port Grid, encompassing various smaller ports like fisheries port, agriculture port and mineral port etc so that port development and port-led development takes place in the country.” Sanjeev Ranjan, Secretary & Sanjay Bandopadhyaya, Addl Secretary, Ministry of Ports, Shipping and Waterways, Dr. Amita Prasad, Chairman, IWAI, Amitabh Kumar, DG Shipping, T.K. Ramachandran, Chairman, IPA, along with chairmen of all the major ports and senior officials of the Ministry attended the ceremony through video conferencing. While making this historic announcement, PM said “Now this Ministry will be known as Ministry of Ports, Shipping and Waterways. It is being expanded. In most of the developed economies, the Shipping Ministry is also responsible for Ports and Waterways. In India, the Shipping Ministry has been doing a lot of work related to Ports and Waterways. Now with …

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Allcargo makes a record, moves 76-metre long super-sized cargo for L&T Hydrocarbon

Allcargo Logistics has moved a 76-metre long super consignment from L&T Hazira in Gujarat to IOCL Paradip in Odisha, achieving a rare feat of successfully managing one of the largest over-dimensional cargo (ODC) movements in India. The Projects & Equipment (P&E) division of Allcargo Logistics showed exemplary commitment and operational efficiency while managing the entire multimodal ODC project cargo movement for its client L&T Hydrocarbon. The movement of nine super ODC comprising heavy equipments such as glycol field stripper, vacuum effect evaporator and MEG column delivered efficiently from Manufacturing Yard in Hazira to Project Location in IOCL Paradip. “It was a huge multimodal logistics affair as the mission involved direct transportation of six packages from L&T factory to Adani Hazira Port by road, vessel voyage from Adani Hazira Port to Paradip Port (PICT) and land transportation from PICT to IOCL Refinery using shore road,” the company informs. The movement also involved the transportation of three packages from L&T Jetty to Adani Hazira Port by vessel and from PICT to IOCL site by road. Overcoming few operational challenges and maneuvering constraints, the team of project logistics professionals at Allcargo Logistics planned and executed the transportation with perfection and utmost safety banking on incisive knowledge and unparalleled multi-modal transport operations efficiency. Allcargo also pressed into service its advanced equipment and operators to ensure smooth movement of the ODC. “There are always inherent challenges involved in the process of moving ODC. In this case, challenges multiplied due to size and shape. However, our P&E team rose to the occasion and demonstrated extraordinary commitment and proficiency to ensure safe and hassle-free multimodal movement, delivering superior customer satisfaction. Our specialised project movement service has set …

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APM Terminals Pipavav goes live with RFID container tracking service at the port

Terminal Pipavav has commenced Integrated Container Tracking (ICT) system introduced by National Industrial Corridor Development Corporation Ltd (NICDC) under Logistics Data Bank (LDB) project. NICDC Logistics Data Services (NLDS) has completed vital infrastructure at APM Terminals Pipavav to commence the near real time visibility of the container movement across the supply chain. This will help in tracking the container from port to Container Freight Stations (CFSs), Inland Container Depots (ICDs) and end users and would help in enhancing the visibility and efficiency of the container movement thereby improving the competitiveness of the Exim trade. LDB was developed to address the critical issue of tracking movement of containers across various ports and provide insights to trade. It integrates the information available with various agencies across the supply chain to provide detailed real time information within a single window. With this expansion 100% of India’s container volume will be covered under LDB project. Currently around 28 million EXIM containers pan India have received services. Jakob Friis Sørensen, Managing Director, APM Terminals Pipavav said, “It’s an honour to become a part of this nation-wide project of NICDC that will streamline container movement across logistics value chain and identify inefficiencies and bottlenecks to develop strategies to ensure the development of the sector.” He adds, “The visibility of containers throughout the entire supply chain provides multiple benefits to trade, including transparency, integration, lesser paperwork and improved planning for arrival, unloading and final delivery.” A separate Special Purpose Vehicle (SPV) has been formed by the Govt. of India between NICDC and NEC Corporation, Japan namely “NICDC Logistics Data Services Limited” (NLDSL) to execute LDB across entire logistics value chain. LDB is now functional at 17 ports, …

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Portall collaborates with BoxnBiz for freight booking via PCS 1x

In a bid to offer services on P-CaSo, Portall Infosystems has announced collaboration with BoxnBiz, an inbuilt cloud-based Indian freight forwarding solution-based offering air freight, ocean freight & customs clearance. P-CaSo, a collaborative platform for the ecosystem is integrated into the Indian Port Community System to bring various services, including services such as eBL, blockchain document transfer (BDT), trucking aggregation services, eVGM and e-learning, certificate of origin. The addition of freight quote to the existing pallet of services will allow PCS 1x users to access the ocean freight portal’s booking, get instant freight quotes for FCL & LCL services along with end to end tracking & visibility with 3000+ port pairs to serve import & export needs, saving and sharing documents and payments. Shirishchandra Shah, Chief Product Officer, Portall Infosystems, said, “Our partnership with BoxnBiz would bring synergy & value additions in the maritime community as we once again make our footprint in the digitisation space. I thank Indian Ports Association for their wholehearted support & wish BoxnBiz a very best of luck in their journey with us.” Biplob Barik, Founder & CEO, BoxnBiz said, “With this partnership, we expect that the adoption of digitalisation in the international shipping space will increase and the maritime sector will take a greater step towards digitalization. The present pandemic has no doubt shaken the way businesses work. Now it is time to change and we want to contribute to this journey together with Portall.”

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PM Modi renames Ministry of Shipping as Ministry of Ports, Shipping and Waterways

Prime Minister Narendra Modi has renamed the Ministry of Shipping as the Ministry of Ports, Shipping, and Waterways during a launch event of Ropax ferry service between Ghogha (Bhavnagar) and Hazira (near Surat) in Gujarat, via video conferencing. “The name of Ministry of Shipping is being changed to Ministry of Ports, Shipping, and Waterways,” said PM Modi said. The decision to change the name of the Shipping Ministry is part of government’s efforts to revamp the ports and create world-class Inland Water Transport. “The Ministry of Shipping encompasses within its fold shipping and port sectors which include Shipbuilding, Ship-repair, Major Ports, National Waterways, and Inland Water Transport,” the ministry wrote in a blog published on its official website. According to the ministry, “The capacity of the ports in terms of their berths and cargo handling equipment needs to be vastly improved to cater to the growing requirements of the overseas trade. The shipping industry needs to be enabled to carry higher shares of the sea-borne trade in indigenous bottoms.”

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Cargo volumes at major Ports decline 12.43% during April-October; falls for the seventh straight month in 2020

According to Indian Ports Association, India’s Major ports has recorded 12.43 per cent decline in cargo traffic during April to October period of current fiscal to 354.818 million tonnes (mt). In the wake of the COVID-19 outbreak, sharp declines were witnessed in handling of containers, coal and POL (petroleum, oil and lubricant) among other commodities. These ports handle about 61 per cent of the country’s total cargo traffic. They handled 705 MT of cargo last fiscal. Cargo volumes at these 12 major ports have declined for the seventh straight month in October 2020. During the April-October period of the last fiscal, these 12 major ports had handled 405.20 MT of cargo. The 12 major ports handled 354.81 MT of cargo between April and October this fiscal, according to the Indian Ports Association (IPA) which said that the “percentage variation against previous year traffic during April to October 2020 vis-a-vis April to October 2019” has been 12.43 per cent. Defying the broader trend, Mormugao saw an increase of 16.47 per cent in cargo handling to 10.17 MT during April-October period this year. Cargo handling at Kamarajar Port (Ennore) nosedived 30.56 per cent during April-October to 12.53 MT, while ports like Chennai, Cochin and Mumbai saw their cargo volumes drop about 20 per cent during the said period. JNPT and Kolkata ports suffered sharp declines of 18 per cent and 14 per cent respectively. Deendayal Port saw cargo volumes dip by 11.5 per cent, while VO Chidambarnar recorded a dip of 10.8 per cent and cargo handling at New Mangalore and Visakhapatnam dropped by over 5 per cent. Paradip Port recorded a decline of about 4 per cent. However, the recovery has …

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JNPT records growth in container traffic by 11.24% in October over last month, handles LPG of 1,07,530 MT

JNPT handled 423,155 TEUs in October, registering a growth of 11.24% in October 2020 compared to previous month and growth of 5.10 per cent over the same month last year. Out of this, 52,087 TEUs were handled at JNPCT (3.37%), 64,254 TEUs at NSICT (+77.78%), 153,548 TEUs at APMT (-7.50%), 80,500 TEUs at NSIGT (-5.32%) and 72,766 TEUs at BMCT (+11.82%). The overall traffic handled was 5.73 million tons (MT) during October compared to 5.44 MT in October 2019, posting a growth of 5.37 per cent. The port handled a record number of 548 trains in October, beating the previous highest of 536 trains handled in May 2011. Commenting on this, Sanjay Sethi, IAS, Chairman, JNPT, says, “This was possible due to the conscientious and excellent team efforts of all stakeholders, terminals, Railways and train operator’s both CONCOR and private operators.” The port also achieved a new milestone by handling the highest LPG of 1,07,530.67 MT at JNPT-Liquid cargo terminal through seven vessels in October 2020 surpassing earlier record of 92,877 MT in August 2019. For the period of April-October 2020, JNPT handled 5,66,815 MT discharge of LPG which is 14.27% higher as compared to 4,96,052 MT handled in the same period LY. JNPT is giving priority and timely berthing to the LPG vessels for fulfilment of distribution of LPG, under Pradhan Mantri Ujjwala Yojna. At the Liquid Cargo Terminal, JNPT is also handling essential commodities like high speed diesel, Motorspirit, Edible oil etc. LPG is transported through 13.5 KM cryogenic pipeline from ship (JNPT Berth) to LPG BPCL bottling plant at Uran. LPG is then distributed by rail/road /pipeline to Maharashtra, Goa, Madhya Pradesh, Karnataka, Telangana, Punjab, Delhi and …

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CBIC issues revised policy and guidelines for setting up of ICDs, CFSs and AFSs

In a bid to meet the requirement of new paradigm and the aspiration of the trade, CBIC has issued revised policy and guidelines for setting up new Inland Container Depots (ICDs), Container Freight Stations (CFSs) and Air Freight Stations (AFSs). The new policy takes into account the present capacity, future growth potential and regional imbalances and also addresses the need for bringing uniformity, transparency and seamless approval process. It further addresses the identified regulatory and logistics concerns associated with the hard and soft infrastructures of ICDs/CFSs/AFSs in India. The new policy establishes a framework of functional requirements pertaining to the design and operation of dry ports as well as establishes certain processes to enable sustainable growth of the sector. Lastly, the new policy aims to lay down appropriate institutional, administrative and regulatory frameworks for development and smooth operation of ICDs/CFSs/AFSs, including procedures for regulatory inspection and the execution of applicable customs control and formalities.

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