Category Archives: Shipping

JSW Infrastructure has announced the commissioning of its new iron ore terminal at Paradip Port in Odisha. The 370 meters’ long terminal with a capacity of 18 MTPA has been developed with a vision to handle capesize vessels for iron ore and pellet exports and can load at a rate of 100,000 metric tonne per day. The high load rate is expected to significantly reduce the pre-berthing delays at Paradip as well as allow incremental cargo flow for the port which is all set to be the largest port in the country. The company has invested approximately Rs 750 crore to establish the new terminal at Paradip.

Delhi Customs Brokers’ Association (DCBA) has elected its new managing committee for the ensuing two years at the 36th annual general meeting held on November 24 in Jawaharlal Nehru Stadium, New Delhi. The Office Bearers who have been elected are S Ramakrishna (President), Gurvinder Singh (Vice President), Santosh Kumar Choudhary (Hony. Secretary), Rajbir Singh (Hony. Joint Secretary) and Bhim Singh Jain (Hony. Treasurer). Anil K. Mishra, Devendra Singh Bhadoria, Rajiv Kumar Sharma, Rohit Kapoor, Vaneet Aggarwal, Vijay Raghvan G, Vikrant Gogia and Yogesh Kumar have been elected as Managing Committee Members of DCBA. On taking over charges of President, Ramakrishna said that his primary focus would be skill development and training programmes for the benefit of the DCBA members and CB/FF Community. “More emphasis would be put on conducting regular knowledge sessions to make awareness on changing government policies in terms of export/import, increasing digitisation and artificial intelligence,” he adds.

Dubai-based DP World has launched two services – MIAX (Middle East–India–Africa Express) and IEX (South India Europe Express) to connect its terminals in Nhava Sheva, Chennai and Kochi with European and South African markets. MIAX will connect Nhava Sheva International Container Terminal (NSICT) with West and South Africa; while the IEX will connect Chennai Container Terminal (CCT) and India Gateway Terminal (IGT) with Europe. Rizwan Soomar, CEO & MD, DP World Subcontinent, said “The launch of IEX and MIAX will create stronger opportunities for EXIM cargo and for Indian manufacturers to cater to global markets.”

With a view to improve the ease of doing business at grass root level enabling reduction in dwell time in EXIM trade and to discuss strategic and operational issues currently faced by customs broking industry. The office bearers of the Federation of Freight Forwarders Association in India (FFFAI) headed by its Chairman, AV Vijaykumar met with Mansukh Mandaviya, Minister of State (Independent Charge) Ministry of Shipping and various other ministry officials in New Delhi. The association presented the issues of customs brokers and freight forwarders before the minister for reduction in transaction cost and dwell time by improving infrastructure at various ports and Inland Container Depots (ICDs); increasing connectivity with ICDs and gateway ports and enhancing costal cargo movement.

Gateway Distriparks (GDL) has entered into a share purchase agreement to sell its second CFS in Chennai, held in its wholly owned subsidiary – Chandra CFS & Terminal Operators (Chandra CFS) to Team Global Logistics (TeamGlobal), for a consideration of Rs 47 crore and an amount equal to earnings before depreciation and amortisation for a period of April 1, 2019 to closing date. Further, TeamGlobal will also be placing Rs2 crore in an escrow account as a commitment fee, which will be adjusted as part of the purchase consideration on closing. The transaction is expected to close in 45 days. Chandra CFS is strategically located between Chennai & Ennore ports. For FY 2018-19, Chandra handled around 12,000 TEUs last year. The company posted a Total Income of Rs9 crore, EBITDA of Rs1.33 crore and loss before tax of Rs0.62 crore. GDL will continue to operate its first CFS in Chennai where it handled over 87,000 TEUs last year.

Due to the trade diversion effects of Washington’s tariff war with China, India gained about $755 million in additional exports, mainly of chemicals, metals and ore, to the US, in the first half of 2019 , says a study called ‘Trade and trade diversion effects of United States tariffs on China’ by UNCTAD, the UN trade and investment body. It shows that the ongoing US-China trade war has resulted in a sharp decline in bilateral trade, higher prices for consumers and trade diversion effects and increased imports from countries not directly involved in the trade war. The US tariffs on China resulted in India gaining $ 755 million in additional exports to the US by selling more chemicals (US$ 243 million), metals and ore (US$181 million), electrical machinery (US$ 83 million) and various machinery (US$ 68 million), as well as increased exports in areas such as agri-food, furniture, office machinery, precision instruments, textiles and apparel, and transport equipment, UNCTAD said.

DP World announced the two new weekly services that have been introduced at its terminals to connect with African and European market. The new services are jointly operated by global shipping line – Hapag Llyod, Ocean Network Express (ONE), Orient Overseas Container Line (OOCL), YANG MING Line (YML) and COSCO, it said. DP World welcomes two new services at its terminals in Nhava Sheva, Chennai and cochin. The new weekly services, Middle East-India-Africa Express (MIAX), will connect DP World operated Nhava Sheva International Container Terminal (NSICT) with West and South Africa while the South India Europe Express (IEX) will connect Chennai Container Terminal (CCT) and India Gateway Terminal (IGT) with European markets. Rizwan Soomar, CEO & MD, DP World Subcontinent, said, ” We are delighted to welcome two new services at three of our terminals in India. The launch of IEX and MIAX- will create stronger opportunities for EXIM cargo and for Indian manufacturers to cater to the global market.

Inland Waterways Authority of India (IWAI) set sail the first container cargo from Haldia Dock Complex to Pandu in Guwahati via India Bangladesh Protocol (IBP) route, in line with the Centre’s focus on improving connectivity to Northeast. Gopal Krishna, Shipping Secretary, Government of India flagged off the vessel, MV Maheshwari, carrying 53 containers of petrochemicals, edible oil and beverage. The 12-15 days voyage will be an integrated IWT movement via National Waterway-1 (river Ganga), NW-97 (Sunderbans), Indo-Bangladesh Protocol (IBP) route and NW-2 (river Brahmaputra). This is the first ever containerised cargo movement on this Inland Water Transport (IWT) route. The 1425 km long movement is expected to establish the technical and commercial viability of IWT mode using these multiple waterways even as a series of pilot movements are planned on the stretch. The latest IWT movement is aimed at providing a fillip to North East Region’s industrial development by opening up an alternate route for transportation of raw material and finished goods.

The Ministry of Shipping is working on a plan to develop a National Grid for Ports based on synergy between the Major and non-major ports in the country that can bring port-led development in the country. Mansukh Mandaviya, Minister for Shipping and Chemical & Fertilizers, Government of India, said, “The development plan for ports and the National Grid for ports will be ready in six months. An extensive study in identifying the specific cargo linked to the ports and the downstream industry will be done for the revival of each port.” According to him, there are 204 non-major ports in the country, of which only 44 are currently functional.

DP World plans to make Container Multimodal Terminals (CMTL), its Hyderabad Private Freight Terminal (PFT), as a multi-modal distribution hub for South India cargo. The company has already established private freight terminals and rail-road linkages connecting the city with other trading hubs across the country. The global trade enabler will leverage its rail-road transport connectivity and warehouses. The announcement was made during the conference themed ‘India’s Logistics Sector on the Path of Transformation’ in Hyderabad. The company said Hyderabad will act as the catalyst to drive more trade in the state of Telangana. CMTL houses a Multi-Modal Logistics Park (MMLP) at Thimmapur (near Hyderabad in Telangana state) with proximity to National Highway 7. The MMLP is equipped with a railway siding and over 250,000 sq ft. of warehousing to cater to the needs of both domestic and EXIM trade.