Category Archives: Shipping

DP World to partner in Ghazipur ICD

The inland container depot (ICD) project in Gazipur’s Dhirashram area is finally going to be implemented under the public-private partnership (PPP) model as the government is considering making Dubai-based terminal operator DP World a partner in the venture. Officials of the Public Private Partnership Authority Bangladesh said DP World has already agreed to work on the project. Now, discussion is going on to fix the terms and conditions of the final agreement. Dr Najmus Sayadat, director (investment promotion) of PPP Authority, said, “We are preparing a document for DP World, which may take six months. The investment of DP World will be finalised based on the document.” The ICD will be built on a 160-acre site near Dhirashram Railway Station in Joydevpur, Gazipur. According to Bangladesh Railway, the cost of the project could be up to $300 million. Once it is complete, the Kamalapur ICD will be relocated to Dhirashram. This is expected to help container transport by rail go up by as high as 30%.

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Ocean carriers raise Oceania prices

The two largest container lines in the world, Maersk and MSC, have announced new rates to Australia and New Zealand destinations, which are expected to take effect in the next months. Firstly the Danish carrier will apply a rate increase of US$200 / 20′ ft equipment and US$400 / 40′ ft equipment from the United States and Canada to Australia and New Zealand with an effective date of 1 October. Earlier, on 11 September the 2M Alliance’s partner of Maersk, MSC will apply the following updated prices from the ports of Antwerp and La Spezia to Sydney, Brisbane, Auckland and Bluff.

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India’s logistics market to grow at a CAGR of 10.5%

India’s logistics market is expected to grow at a CAGR of 10.5% until 2025 spurred by faster adoption of modern technology, e-enabled fleet, and warehouse management solutions. Had it not been for the disruption caused by the coronavirus pandemic, the logistics and supply chain industry — the backbone of global trade and services — would not have moved in a hurry to engineer the adoption of IoT, machine learning, and artificial intelligence in their day-to-day operations. “The disruptions caused by Covid-19 are making global companies rethink their supply chain strategy. Two major areas that are likely to see great traction are improved visibility across supply chains (both for cargo shipments and documentation) and drawing a balance between just-in-time and just-in-case,” says Sanjay Bhatia, Co-founder & CEO at Freightwalla, a digital freight forwarder.

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APSEZ gets approval from AP Govt to acquire 10.4% stake in Gangavaram Port

Adani Ports and Special Economic Zone (APSEZ), announced that the Andhra Pradesh Maritime Board has approved the company’s proposal to acquire 10.4% stake for INR 644.78 crore in Gangavaram Port. The transaction for the same is expected to be completed within a month. Gangavaram Port is engaged in the business of handling various types of dry bulk and break bulk cargo. The port is a multi-cargo facility and handled 32.81 MMT of cargo in FY 21. It had a capacity of 64 MMT. The operational revenue for financial year 2020-21 was Rs 1,057 crore. Earlier in April, the Competition Commission of India (CCI) also gave a go-ahead to the Adani Ports and Special Economic Zone Ltd. on their acquisition of 89.6% stake in Gangavaram Port Ltd. The acquisition of the port by Adani is in line with its strategy of East Coast to West Coast parity and will provide an access to growth from new hinterland markets as it has coverage in resource rich and industrial belt in Eastern, Central and Southern India.

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Seafrigo launches joint venture with Antwerp Cold stores

Seafrigo’s recently-launched joint venture with Antwerp Cold Stores, combined with its new LCL (Less-than-Container) reefer service between the Belgian city and New York in the USA, is proving so popular with customers that the logistics provider is now looking to further expand its operations and capacity in the port. Antwerp is set to play an important role in the further development of the Seafrigo Group, which is headquartered at Le Havre in France. Demand in the USA for high quality Belgian products such as chocolate and biscuits has surged over the last 12 months and in order to support the further development of the trade lane the Seafrigo Group is now looking at taking on an additional warehouse in the Port of Antwerp with at least 25,000 pallet positions for temperature-controlled cargo. As a result of the joint venture, which became effective in April this year, Seafrigo and Antwerp Cold Stores are already the leading player in Belgium for temperature-controlled perishable goods handling and storage. An expansion of the port facility will further enhance their combined market position.

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Port congestion hits carriers’ schedules

Alliance networks operating between Asia and North Europe are experiencing delays of up to a month due to worsening port congestion at both ends of the tradelane. Asia-North Europe loops with a pro-forma round-trip transit time of around 75 days are now taking 100 or more, with carriers obliged to juggle schedules at the last minute. According to a Maersk advisory, vessel wait times at Antwerp are already up to 10 days, with lesser – albeit significant – delays impacting all North European hub ports. The consultant said the ULCV’s revised European rotation of Rotterdam, Zeebrugge and Felixstowe would now take 18 days, due to waiting times in both Rotterdam and Felixstowe, compared with its schedule of around six days. According to eeSea data, the AE55/Griffin loop has a pro-forma round-trip voyage time of 76 days, of which 62, or 81%, are spent at sea, with 14 days allocated to time at port.

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Exporters dissatisfied with RoDTEP scheme

While the government has finally announced the tax refund rates for the much awaited Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, exporters say the incentives are way below their expectations.Exactly two years after it was announced, and after missing several deadlines, the RoDTEP export promotion scheme has finally been fully launched. On August 13, the Commerce Department announced the much awaited new export refund rates under RoDTEP. But exporters say the many products have been left outside the ambit of the scheme, the rates announced are too small and that and some confusion still persists regarding the functioning of the scheme.Exporters would be given tax rebates, in the range of 0.5-4.3 percent. The rebate would be claimed as a percentage of the Freight on Board value of exports. The government has clarified that rebate on certain products will also be subject to value cap per unit of the exported product.

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deugro moves cargo for the Irkutsk Polymer Plant Project

The Irkutsk Polymer Plant (IPP) project was executed in close cooperation between deugro (Japan) Co., Ltd., deugro Projects, LLC, Russia and deugro (Korea) Co., Ltd. Due to the transport via the Northern Sea Route and critical conditions of navigation on the Lena River, the navigation period was limited to a maximum of three months. The vessels were accompanied by the nuclear ice breaker Yamal. The cargo contained 45 oversized heavy lift (OSHL) components and was shipped simultaneously on two full-charter vessels from Masan, South Korea via Tiksi in the Arctic Ocean to Ust-Kut, Russia. As most of the OSHL cargo came from South Korea and the transit time to Tiksi via the Bering Strait was the fastest, it was consolidated and loaded at the port of Masan. After 4,500 nautical miles, both vessels arrived at the anchorage points in Tiksi. Due to a low draft at the Port of Tiksi, the simultaneous transshipment from both vessels onto nine barges was executed outside the port area. All barges were certified for an exit to the sea, and the river transportation from Tiksi to Ust-Kut took about 24 to 26 days by barge.

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Bidding for Pipavav Shipyard submitted

The final bids in a bankruptcy auction for India’s largest private shipyard have been submitted, and the list of potential buyers has narrowed to three unconventional owners – a global container terminal operator, a steelmaker and the world’s biggest broker for vessel demolition sales. Pipavav Shipyard, founded in 1997, is the largest private shipbuilding firm in India and the first non-government yard in the nation to receive a naval shipbuilding order. Indian conglomerate Reliance Group took control of the yard in 2016 after a debt restructuring, but by 2019, Pipavav – renamed Reliance Naval and Engineering Ltd (RNaval) – was again unable to make payments on its loans. Its bankers initiated bankruptcy proceedings to recover an estimated $1.2 billion in debt, and the Indian Navy canceled its order for a series of patrol vessels. The firm has been on the auction block since late last year, but due to COVID-19 disruption, the sale has been extended.

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Deutsche Post DHL Group to acquire J.F. Hillebrand Group

Deutsche Post DHL Group (“DPDHL”) has signed an agreement to acquire up to 100 percent of J.F. Hillebrand Group AG (“Hillebrand”) and its subsidiaries at an equity value of around €1.5 billion. Hillebrand generated revenue of around €1.4 billion in the last twelve months, will ship 500,000 TEUs in 2021, and has more than 2,700 employees worldwide. Hillebrand is a global service provider specialized in ocean freight forwarding, transport and logistics of beverages, non-hazardous bulk liquids and other products that require special care. The strategic combination of Hillebrand with DHL’s Global Forwarding, Freight (“DHL”) division will strengthen the Group’s position in the dynamic ocean freight forwarding market. “With the growing maturity of our freight forwarding business, this bolt-on acquisition of Hillebrand is highly complementary to our existing portfolio. In line with our Group Strategy, we strengthen our core logistics business and deliver profitable long-term growth”, says Frank Appel, CEO Deutsche Post DHL Group. “Using our financial strength, we are able to pursue quality investments while reinforcing our unchanged commitment to deliver on investor return expectations.”

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