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Policy & Economy News |
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Faster global growth driven by US, China, India: WB India is the fastest country to administer 100 million doses of COVID-19 vaccine India’s power consumption grows nearly 47% in first week of April |
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Business News - The India Boom Factor |
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Farm exports up India exports 2.49 mn tonne of sugar so far, maximum to Indonesia: AISTA Govt. looking to export 5,000 tonnes of mangoes India allows additional 3,675 tonnes of sugar export to UK under concessional duty quota Malaysia replaces Indonesia as largest palm oil seller to India |
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Shipping News |
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India to manufacture containers in Bhavnagar, eyes Rs 1,000 cr investment: Mansukh Mandaviya Wan Hai Lines’ new South China-Vietnam-West India independent service to call Nhava Sheva |
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Logistics News |
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Flipkart enter into a strategic partnership with Adani to better serve the MSME ecosystem | ||
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Indian Port News |
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BMCT creates new Productivity benchmarks India’s first FSRU Höegh Giant arrives at H-Energy’s Jaigarh Terminal in Maharashtra Cochin Port’s export-import volume up VCT sets ship productivity record for a Maersk vessel Cochin Port Trust to construct cruise terminal at Mormugao |
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Policy & Economy News |
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Faster global growth driven by US, China, India: WB Exim News Service: Washington, April 14 Top |
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There is faster global growth driven primarily by the US, China and India having strong rebounds, said World Bank President Mr David Malpass at the start of the Spring Meeting of the International Monetary Fund (IMF) and the World Bank. But there’s also concern about inequality. Inequality in terms of vaccinations, in terms of median income that’s not going up very fast for some of the countries and may even be going down. There’s the interest rate differential, where poor countries face much higher interest rates and they haven’t gone down the way global interest rates have done. People getting vaccinated is an important part of global recovery, he said, as per a report. |
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India is the fastest country to administer 100 million doses of COVID-19 vaccine Press Information Bureau: April 12, 2021 Top |
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India is the fastest country in the world to administer 100 million doses of COVID-19 vaccine. India achieved the feat in 85 days whereas USA took 89 days and China reached the milestone in 102 days. The Prime Minister Office tweeted- "Strengthening the efforts to ensure a healthy and COVID-19 free India” along with the details. |
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India’s power consumption grows nearly 47% in first week of April Press Trust of India - April 11 Top |
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Power consumption in the country grew nearly 47 per cent in the first week of April to 28.34 billion units (BU) over the corresponding period a year ago, showing robust recovery in industrial and commercial demand of electricity, according to power ministry data Power consumption in the country grew nearly 47 per cent in the first week of April to 28.34 billion units (BU) over the corresponding period a year ago, showing robust recovery in industrial and commercial demand of electricity, according to power ministry data. Power consumption in the first week of April last year (from April 1 to 7, 2020) was was recorded at 19.33 BU. Experts are of the view that high growth in power consumption as well as demand in first week this month is mainly because of base erosion last year due to lockdown, but it clearly indicates recovery in commercial and industrial demand. In March this year, the power consumption grew nearly 23 per cent to 121.51 BU compared to 98.95 BU in same month of 2020. During the entire fiscal of 2020-21, power consumption dipped by one per cent to 1,271.54 BU from 1,284.44 BU in 2019-20. |
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Business News - The India Boom Factor |
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Farm exports up
Exim News Service: New Delhi, April 11 Top |
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Export of farm products monitored by the Agriculture and Processed Foods Development Authority (Apeda) increased by a fifth to top $17.5 billion during the April-February period of the last fiscal compared with $14.5 billion in the same period the previous fiscal. Cereals, as a category, clocked the highest growth followed by processed fruits and vegetables, and floriculture and seeds, whereas livestock products registered negative growth. Cereal shipments rose 48 per cent in dollar terms and 54 per cent in rupee terms. Strong overseas demand for products such as non-basmati and basmati rice, groundnuts, pulses, dairy products, fresh vegetables and fruits, among others, contributed to the growth in exports. However, some major products such as buffalo meat and guar gum declined, as per a report. |
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India exports 2.49 mn tonne of sugar so far, maximum to Indonesia: AISTA India Seatrade News - April 13 Top |
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Sugar mills have exported 2.49 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said on Monday. Mills have contracted to export 3.33 million tonnes of sugar so far as against the 6 million tonnes quota assigned by the food ministry, All India Sugar Trade Association (AISTA) said in a statement. With five months still left for the 2020-21 marketing year to end, the association feels the mills have the potential to fulfil their export commitments. The sugar marketing year runs from October to September. According to AISTA, mills have exported a total of 2.49 million tonne of sugar from January 1 till April 9, 2021. An additional 3,03,450 tonne of sugar is in transit and delivered to port-based refineries. "We are well on track to complete the 6 million tonne export target this year. Indonesia, Afghanistan and Sri Lanka were top three buyers,” AISTA Vice-Chairman Rahil Shaikh told PTI. Last year, Iran was the top export destination for Indian sugar. This year, exports to Iran did not take place due to currency issues, he said. "Indonesia for the first time matched its quality specifications with India, which allowed Indonesian traders to start buying sugar from India. Also, Brazil had off-season during December-March of this marketing year, which gave us an opportunity to tap Indonesia more,” Shaikh noted. Otherwise, Afghanistan and Sri Lanka are regular sugar buyers, while a new entrant this year has been the UAE, he said. Of the total exports undertaken so far, AISTA said mills exported 9,61,594 tonne of sugar to Indonesia, 3,08,302 tonne to Afghanistan and 2,46,391 tonne to Sri Lanka till April 9, 2021. Asked if the export target will be met this year, Shaikh said, "We expect total physical exports to reach 5.5 million tonne this year. About 0.5 million tonne could roll over to the next marketing year because of monsoon and lockdown related issues, although there is the demand to cater to the entire 6 million tonne”. The slowdown in exports could be due to weather anomalies during the June-September quarter and logistic difficulties following the pandemic, he added. AISTA, which completes five years this month, said it will soon revise upward domestic sugar production estimates to 35 million tonne for the 2020-21 marketing year from earlier projections of 29.9 million tonne. Consumption will be pegged at 25.5 million tonne |
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Govt. looking to export 5,000 tonnes of mangoes India Seatrade News - April 12 Top |
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The Horticulture Department has set an ambitious target of exporting 5,000 metric tonnes (MT) of mangoes to various destinations across the world this year. During the 2017-18 financial year, 248.01 MTs of fresh fruit was exported from Andhra Pradesh by different agencies. During 2018, ‘Panukulamanu’, the slightly less-sweet mango variety, was exported to Germany where it was received well. Also, ‘Suvarnarekha’ mangoes were exported to South Korea for two years. In 2018, 2.5 MT of Suvarnarekha was exported to Germany. During the same year, 1,471 MT of Benishan and Alphonso were exported to various countries. Also, 82,500 MT of mango pulp of Bangolora and Alphonso varieties were exported to pulp industries in Algeria, Netherlands, Austria and West Asia. The department set a target of 3,000 MT last year. However, the COVID-19 pandemic has impacted exports, sources said. When contacted, Horticulture Commissioner S.S. Sreedhar said that fresh mangoes and mango pulp are being exported from Krishna, Chittoor, Vizianagaram and West Godavari districts to Middle East countries, Netherlands, UK, USA and Japan. The department has already organised a buyer and seller meet recently as part of the initiatives to promote exports from the State. The aim of the meet is to provide a common platform for interaction between buyers and sellers of Mango to promote marketing to domestic as well as international destinations from Andhra Pradesh, thereby facilitating higher results to the farmers, he says. Citing the previous years’ experience, Horticulture Joint Director (Fruits) M. Venkateswarlu said that the efforts to promote fruits from Andhra Pradesh were yielding good results. "The Vapour Heat Treatment (VHT) plant at Tirupati is the only VHT in the country which meets export quality requirements,”.he said |
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India allows additional 3,675 tonnes of sugar export to UK under concessional duty quota Daily Shipping Times – New Delhi, April 16 Top |
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The Government has permitted export of an additional 3,675 tonnes of raw/refined sugar under tariff-rate quota to the United Kingdom. TRQ (Tariff-Rate Quota) is for a volume of exports that enter the UK at relatively low tariffs. After the quota is reached, a higher tariff applies to the exports. "The additional quantity of 3,675.13 tonne of raw/refined sugar to be exported to UK under TRQ up to September 30 this year is notified," Directorate General of Foreign Trade (DGFT) said in a public notice. It said the quota will be operated by Agricultural and Processed Food Products Export Development Authority (APEDA) as the implementing agency for the export. This additional quantity of sugar is beyond the EU (European Union) CXL sugar quota of 10,000 tonnes during 2020-21 notified by the DGFT last year. Availing the CXL concessions on export to the EU, traders can export sugar at a relatively low or zero customs duty. |
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Malaysia replaces Indonesia as largest palm oil seller to India India Seatrade News - April 16 Top |
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Malaysia has replaced Indonesia as the largest palm oil exporter to India for the first time due to a widening tax difference between the world’s two biggest palm oil suppliers. India – the world’s largest importer of vegetable oil – bought 1.68 million mt of crude palm oil from Malaysia and 1.29 million mt of CPO from Indonesia between November 2020 and March 2021, data released by the Solvent Extractors Association of India (SEAI) on April 14 showed. A year ago, Indonesia supplied 2.06 million mt of CPO to India in the five-month period, while Malaysia supplied 414,815 mt. "Malaysia has lower palm oil export taxes compared to Indonesia …so the big tax difference has allowed Malaysia to export more palm oil to India,” Anil Kumar Bagani, research head at vegetable oil brokerage Sunvin Group said. "It should be noted that Malaysia had a zero export tax on CPO until December 2020, while Indonesia had export levies.” Malaysia and Indonesia account for 85% of the world’s total production of palm oil. In February, India imposed an 17.5% additional duty on CPO. This narrowed the gap between the effective tax rates of palm oil and soybean oil from 8.25% to 2.75%, respectively. Soybean oil and palm oil are fungible and used interchangeably based on cost considerations and availability in India’s price-sensitive market. March imports match expectations In March, India imported 526,463 mt of CPO, up 33.5% from February and in line with analysts’ expectations. "Not a major surprise given palm oil still holds a strong discount to soybean oil and sun oil and given the requirements for Ramadan demand,” Marcello Cultrera, institutional sales manager at Philip Futures, said. For April, Bagani forecast Indian palm oil arrivals at around 600,000-630,000 mt, but said the assessment is subject to revision based on actual lineups and sailed vessels. CPO accounts for 50%-60% of India’s total vegetable oil imports. A record crop of mustard oil will check imports of edible oils in the future, SEAI said in its report. Price risks ahead High palm oil prices and a lack of fresh buying from destination markets amid rising COVID-19 cases in India could put prices under downward pressure, analysts said. However, if prices of related vegetable oils, mainly soybean oil, recover substantially, palm oil prices could benefit. "The beneficial weather over the past few months should lead to a strong harvest along an increased workforce at fields from the second half of 2021,” Cultrera said. Palm oil plantations, especially in Malaysia, have been hit a by a worker shortage in the past year as pandemic-related lockdowns have prevented foreign workers — who account for about 70% of its estate workforce – from returning to the plantations. The average CIF India price of CPO rose to $1,126/mt in March, according to SEAI, the 11th consecutive month of its price rally. |
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Shipping News |
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India to manufacture containers in Bhavnagar, eyes Rs 1,000 cr investment: Mansukh Mandaviya
India Seatrade News - April 11 Top |
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Eyeing indigenous production of containers amid a global surge in demand, the Centre is looking to develop Bhavnagar in Gujarat as a container hub and has set up pilot projects for its manufacturing, Union Minister Mansukh Mandaviya said. The initiative aimed at attaining self-reliance in container production eyes Rs 1,000 crore (Rs.10 billion) investment from private players and looks to create one lakh jobs. The move assumes significance amid reports of global shortages of containers with Indian containerised trade taking a hit owing to the staggered supply and demand shocks across geographies as per logistic majors. "India requires about 3.5 lakh containers every year. …There is no container production in India and we have to depend mainly on China which is a global producer. Now we want to develop Bhavnagar in Gujarat as a container hub and we have selected 10 places there for its production on a pilot basis,” Ports, Shipping and Waterways Minister Mansukh Mandaviya told PTI. The pilot project has been successful, he said. Mandaviya said the Ministry of shipping during the last six months has taken several initiatives to encourage container production at Bhavnagar with the help of re-rolling and furnace makers who are being encouraged to diversify in the space. "We expect private players to invest about Rs 1,000 crore (Rs.10 billion) in this space. We also expect creation of one lakh local jobs,” the minister said. The intiative has been taken to realise the dream of Prime Minister Narendra Modi of ‘Aatmanirbhar Bharat’, Mandaviya said. He said existing re-rolling and furnace industries are being encouraged to expand and take up this as demand for containerised cargo is increasing in India and globally. "Encapsulating this opportunity and furthering Prime Minister Narendra Modi’s vision of ‘Aatmanirbhar Bharat’, efforts are on to make Bhavnagar the hub for container production,” the minister said. He said one container costs about Rs 3.5 lakh and once the production picks up, India would not be require to import it. "We have formed a committee to look into the finer details like standardisation, certification etc. The committee comprises experts from Ministry of Shipping, IRS (Indian Register of Shipping), IITs etc,” Mandaviya said. Mandaviya said in days to come, India will start production which will be consumed by ship liners. "We had a meeting with ship liners associations. Shipping liner associations have assured us that they will purchase the containers providing reasonable profits…They have assured us that they will not import it once indigenous production starts,” he said. Asked about raw material availability, Mandaviya said his ministry has talked to large steel players in this regard. He said they had a talk with global steel giant ArcelorMittal which has assured to provide the specific grade of steel for container manufacturing. ArcelorMittal is the largest global steel maker with 89.8 million tonnes crude steel production in 2019 and 18 steel manufacturing units worldwide. Bhavnagar district in Gujarat houses Alang ship-breaking yard, one of the biggest recycling yards in the world. There had been reports recently that non-availability of containers has resulted in air-lifting of cargo by some players. As per the ports apex body IPA, container cargo handling has been on decline at 12 major ports with the just concluded fiscal recording 2.13 per cent decline in container cargo tonnage to 143.74 million tonnes as against 146.84 MT in 2019-2020. The Indian Ports Association (IPA) in its latest report also said that container cargo in terms of TEUs (twenty foot equivalent unit) also dipped 3.75 per cent in 2020-2021 over the previous fiscal. |
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Wan Hai Lines’ new South China-Vietnam-West India independent service to call Nhava Sheva
Exim News Service: Taipei, April 14 Top |
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| Wan Hai Lines has announced that it will expand further on its already extensive intra-Asia and West India network by launching a new weekly service between South China – Vietnam and West India (China West India no. 8, CI8). The service will be operated by WHL independently and comprises four container vessels with capacity of 2,100 TEU. The port rotation of the service is as follows: Hong Kong – Nansha - Cai Mep - Port Klang North Port - Nhava Sheva – Colombo - Port Klang North Port - Da Nang – Haiphong - Hong Kong The maiden voyage is scheduled to arrive in Hong Kong on April 30, 2021. The CI8 is the sole service in the market offering direct link between Vietnam and West India and shall provide clients with faster transit time and more service options. It will also strengthen Wan Hai Lines’ current service deployments to better serve customers’ needs, emphasised a release. | ||
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Logistics News |
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Flipkart enter into a strategic partnership with Adani to better serve the MSME ecosystem India Seatrade News - April 12 Top |
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Flipkart, India’s leading homegrown e-commerce marketplace, announced a strategic and commercial partnership with the Adani Group, India’s largest multinational infrastructure company. In this two-pronged partnership, Flipkart will work with Adani Logistics Limited, a wholly owned subsidiary of Adani Ports & Special Economic Zone Limited, to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers. In addition, Flipkart will set up its third data centre at Adaniconnex Private Limited Chennai based facility, leveraging AdaniConneX’s world-class expertise and industry-leading data centre technology solutions. Adaniconnex Private Limited is a new joint venture formed between EdgeConneX and Adani Enterprises Limited. As part of this partnership, Adani Logistics Limited will construct a massive 534,000 sq. ft. fulfilment centre in its upcoming logistics hub in Mumbai that will be leased to Flipkart to address the growing demand for e-commerce in Western India and support market access of several thousands of sellers and MSMEs in the region. Leveraging state-of-the-art technologies, the centre is expected to be operational in Q3 2022 and will have the capacity to house 10 million units of sellers’ inventory at any point. In addition to strengthening Flipkart’s supply chain infrastructure to support MSMEs and sellers, the facility will enhance local employment and create approximately 2,500 direct jobs and thousands of indirect jobs. The other prong of the partnership will see Flipkart developing its third data centre at the AdaniConnecX facility as a part of one of the largest private cloud deployments in the country, thereby further strengthening its growing marketplace e-commerce business in India. The data centre has been designed to meet the highest standards in reliability, security, and sustainability, which will capitalise on the Adani Group’s capability as the largest solar player in the country to generate and source green power. The AdaniConneX data centre is a brand-new facility enabling Flipkart to design the data centre to its growing infrastructure needs with a significant focus on security and keeping data locally within India. Speaking on the strategic partnership between the two companies, Karan Adani, Chief Executive Officer of Adani Ports and Special Economic Zone (APSEZ) said, "This is what Atmanirbharta should be all about. This broad-ranging partnership across our logistics and data centre businesses is a unique business model, and we see this as a great opportunity to serve Flipkart’s physical as well as digital infrastructure needs. We look forward to a long and fruitful partnership as we focus on learning from each other as well as leveraging our mutual strengths to prioritise consumers and development of India’s MSME ecosystem.” Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, said, "The Adani Group is unmatched in the way it has gone about building infrastructure across India. What it brought to us was a unique combination of logistics, real estate, green energy, and data centre infrastructure capabilities. We are delighted to initiate our association with the Adani Group to strengthen our supply chain and technology infrastructure. Our logistics network and technology stack are instrumental in making this a reality. These investments will help us strengthen our presence and capabilities in India to support MSMEs and sellers while also accelerating job creation and growth.” |
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Indian Port News |
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BMCT creates new Productivity benchmarks Daily Shipping Times - Navi Mumbai, April 12 Top |
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The New benchmarks for productivity were created recently at PSA’s Bharat Mumbai Container Terminals (BMCT) in JNPT by handling 1795 moves in just 8.6 hours with a Vessel Productivity of 207 moves per hour. BMCT serves the important industrial and manufacturing centres and cities in Northwest India, as well as India’s largest hinterland with a population in excess of 400 million. The development of BMCT, JNP’s fourth Container Terminal, will cater to the ever-increasing demand for container handling capacity, boost export / import trade and increase economic activities between India and other countries. When PSA Mumbai is fully completed, it will have a berth length of 2,000 metres and the deepest berths in JNP to handle large super post-panamax vessels. It will also be equipped with the latest technology and equipment to offer customers fast turn around of their vessels. PSA Mumbai is well-connected by major highways and rail networks to key markets in Maharashtra, Gujarat, and the National Capital Region of India. |
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India’s first FSRU Höegh Giant arrives at H-Energy’s Jaigarh Terminal in Maharashtra India Seatrade News - April 13 Top |
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India’s first Floating Storage and Regasification Unit (FSRU) has arrived at H-Energy’s Jaigarh Terminal in Maharashtra. A statement from H-Energy said the FSRU Höegh Giant, which sailed from Keppel Shipyard, Singapore, was berthed at Jaigarh terminal in Maharashtra on Monday. This will also be the first year-round Liquefied Natural Gas (LNG) terminal in Maharashtra, the statement added. The LNG terminal is located at JSW Jaigarh Port in the Ratnagiri district of Maharashtra, on the west coast of India. The port is the first deep water, 24×7 operational private port in Maharashtra. "The 2017-built Höegh Giant has storage capacity of 170,000 cubic metres and installed regasification capacity of 750 million cubic feet per day (equivalent to about six million tonnes a year). H-Energy has chartered the FSRU for a 10 year period,” the statement said. "Höegh Giant will deliver regasified LNG to the 56-km long Jaigarh-Dabhol natural gas pipeline, connecting the LNG terminal to the national gas grid. The facility will also deliver LNG through truck loading facilities for onshore distribution, the facility is also capable to reload LNG onto small-scale LNG vessels for bunkering services,” it added. H-Energy said that it also intends to develop small-scale LNG market in the region, using the FSRU for storage and reloading LNG onto smaller vessels. Commenting on the development, Darshan Hiranandani, CEO, H-Energy said "FSRU based LNG Terminals aim at providing the ability to enhance the pace of natural gas import capability in an environment friendly and efficient manner”. With the berthing of the FSRU Höegh Giant, the LNG regasification terminal will be ready to start testing and commissioning activities soon, he said. |
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Cochin Port’s export-import volume up India Seatrade News - April 10 Top |
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Despite Covid-19 pandemic, growth of both exports and imports through the Cochin Port remained in the positive territory in 2020, in comparison with 2019, shows the export-import data from the Cochin Chamber of Commerce and Industry (CCCI). The export during 2020 was 12.27 lakh tonnes, a marginal increase of over 12.18 lakh tonnes in 2019, which is a growth of 0.76%. Among the large quantity items, provisions recorded relatively high growth of 26%, from 1,55,494 tonnes in 2019 to 1,96,289 tonnes in 2020. Export of coir products grew by 36% from 1,10,680 tonnes in 2019 to 1,51,043 tonnes in 2020. The rubber manufactured products registered a growth of 6% from 87,019 tonnes in 2019 to 92,437 tonnes in 2020. There were some spices that had registered a significant year-on-year growth during 2020 – ginger (254%), turmeric (204%), chillies (137%) and cardamom (113%). However, there were huge quantity commodities that had suffered decline in exports – for example, fish and prawns registered a negative growth of 20% from 1,38,519 tonnes in 2019 to 1,10,224 tonnes in 2020. Similarly, export of cotton garments came down by 25% from 43,085 tonnes in 2019 to 32,235 tonnes in 2020. Also, import during 2020 grew to 25.21 lakh tonnes from 24.81 lakh tonnes in 2019, a growth of 1.61%. Among huge quantity imports, chemicals and chemical preparations registered a growth of 35% from 3,98,992 tonnes in 2019 to 5,36,826 tonnes in 2020. Cement imports grew by 121% from 1,34,499 tonnes in 2019 to 2,97,369 tonnes in 2020. Imports of phosphate in bulk grew by 49% from 1,18,073 tonnes in 2019 to 1,75,867 tonnes in 2020. On the other hand, there were items that had registered a significant decline in imports during 2020 — the imports of metals, minerals and ores declined by 25% from 3,25,768 tonnes in 2019 to 2,45,466 in 2020. The imports of paper and pasteboard decline by 39% from 2,11,223 tonnes in 2019 to 1,29,590 tonnes in 2020. Wood manufactures declined by 32% from 1,49,628 tonnes in 2019 to 1,02,493 tonnes in 2020. Import of spices, liquid ammonia, gums and resins, glass and glassware, raw cotton, raw asbestos, vegetable oils, synthetic rubber, natural rubber, hardware and cutlery, refractory materials and paraffin wax are among other items that had registered negative growth in imports in 2020, the data revealed. |
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VCT sets ship productivity record for a Maersk vessel Exim News Service: Visakhapatnam, April 15 Top |
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Additional quay to enhance terminal capacity Visakha Container Terminal (VCT) has set a new ship productivity record of 110 moves per hour while handling the CHX service vessel Mexico, completing a total of 2,113 moves in just 19.4 hours on April 8, 2021 with an average gross crane productivity of 28.8 moves per hour. This latest achievement of 110 moves per hour exceeded the terminal’s earlier productivity record, achieved in December 2019, of 108 moves per hour. These achievements underscore the commitment of VCT to provide consistent and reliable best-in-class services to the shipping lines, emphasised a release. With the enhanced operational efficiency at the terminal, VCT is facilitating faster ship movements, thereby reducing the cost of logistics and improving the effectiveness of the supply chain for the ex-im trade. The terminal’s strategic location, hinterland connectivity and on-dock rail facilities are attractive to shipping lines globally. Extending the rebates for vessel-related charges, VPT’s accommodation of container vessels of 390 metre LOA and developing an empty container yard are some of the recent initiatives taken to facilitate the trade. With an additional 395-metre-long quay getting ready for operation during the third quarter of the year, terminal capacity will increase to 1.3 million TEUs annually by the end of 2021, the release informed. |
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Cochin Port Trust to construct cruise terminal at Mormugao Daily Shipping Times – Cochin, April 16 Top |
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After completing the construction of a Rs 25.7 crore (RS.257 million) cruise terminal at Kochi, Cochin Port Trust has now been entrusted with the construction of the full-fledged international cruise terminal that is coming up at the harbour, said Mormugao Port Trust (MPT) Chairman E Ramesh Kumar recently. MPT issued the work order to Cochin Port Trust on Wednesday and the work is expected to commence shortly. "In the backdrop of the Covid pandemic and since Cochin port has already built a cruise terminal, we have decided to appoint Cochin Port Trust as the project management consultant for this project,” said Kumar. "The work order has just been issued and since they have already executed such a project, they just need to replicate it here.” MPT has an ambitious plan to develop a domestic and international cruise terminal, which will include Ro-Ro and Ro-Pax services, which will enable cruise passengers to directly travel by smaller ferries and boats to North Goa after disembarking. |
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Corporate Office:
106/107, Technopolis Knowledge Park, Mahakali Caves Road, Chakala, Andheri (E), Mumbai - 400 093, India Tel:+91 22 66775000 Fax:+91 22 66775050 Email:corporate@samsaragroup.com |
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Disclaimer:
Above information is only indicative and given in good faith. We have collected the above information from various secondary sources. We have tried our best to be as correct as possible. However, we cannot guarantee 100 % accuracy in the above data. Our company / group will not be responsible for any mistakes / inaccuracies which might have crept in inadvertently. |