Master Marine Services signs MoU with Portall Infosystems

MUMBAI: An MoU has been signed between Portall Infosystems Pvt. Ltd. and Master Marine Services Pvt. Ltd. to explore and integrate various products to add value to the maritime community.

 

 Master Marine has over 50 offices with a staff strength of over 2000 personnel PAN INDIA offering a wide spectrum of services in shipping process and  logistics for over 35 years. Portall having a strong domain expertise in technology and logistics operations will jointly work with Master Marine’s team in solving problems for the industry by identifying and addressing the operational process gaps in the shipping and logistics sector.

 

Both companies will strive to offer seamless digital offerings delivered on cloud platforms keeping in mind data security, speed and accuracy via the Portall integrated logistics ERP system and Master Marine’s new integrated digital portal Master Marine Digitech 3 (MMD 3).  

Portall announces agreement with INTTRA by E2open

MUMBAI: Portall Infosystems Pvt. Ltd has announced that it has formed an alliance partnership with INTTRA by E2open. As part of the agreement, the companies will provide seamless container booking services for stakeholders on PCS1x.

Stakeholders including freight forwarders, exporters and CHAs can effect bookings, track and submit shipping instructions for their respective consignments using this collaborated booking module system. With distinct and simplified features like auto population, reuse of data, shipping instructions and BL drafts, Portall enables users to fast track their interactions with Shipping Lines in this collaborated platform. Users can make use of services available by logging into the PCS1x account without the need to sign-in separately. With this collaboration, Portall Infosystems, hopes to bring more customers in the digital ecosystem in the shipping and maritime space by expanding their palate of services accessible on PCS1x.  

Several other initiatives are underway and will be announced soon, said a Portall representative. 

For more information, call toll free 1800 11 5055 or 

write to info@portall.in; contact SPOC’s : vinitp@portall.in

India imposes anti-dumping duty on certain steel imports

NEW DELHI: India has imposed a provisional $29-$200 a tonne anti-dumping duty to rein in burgeoning and predatory imports of galvalume steel products from China, Vietnam and Korea which were causing material injury to the domestic industry. The duty will remain in effect for six months.

Following investigations, the DGTR found that exporters from these three countries were sending galvalume to India “below their normal values”, causing “material injury” to the domestic producers like JSW Steel, Tata Steel and Bhushan Power and Steel among others.

“There is a significant increase in imports of subject goods from subject countries in absolute terms as well as in relation to production and consumption in India. Material injury has been caused by the dumped imports of subject goods from subject countries,” the DGTR found in its preliminary findings.

Box ships deployed on US and Europe trade lanes continue to increase in size

LONDON: The average containership size on the Asia-North Europe trade is expected to reach 17,000 TEU by September 2020, while the size of vessels deployed on the transpacific trades is also continuing to swell as ocean liners take delivery of more mega ships.

'This year saw the departure of the last 4,200- to 5,500-TEU ships from the Asia-Europe routes, following ZIM's decision to withdraw the Asia-Mediterranean ZMP service in March and HMM suspending its Asia-North Europe AEX service in August,' said Alphaliner in its latest weekly report.

'Widely used on the Asia-Europe trades 15 years ago, tonnage of this size class has now been completely displaced by ships that are - most recently - up to four times larger than their predecessors in the mid-2000s.'

In July, MSC deployed the first 23,700-TEU 'megamax-24' vessel on the Asia-Europe trade and a further five units were delivered in the last three months, reported New York's FreightWaves.

'Twenty-four such ships from various carriers will join the world fleet before the end of 2020,' said Alphaliner. 'All these ships are earmarked for the Asia-North Europe trade.'

MSC deployed the first 19,000-TEU megamax units on the Asia-Mediterranean route in March, raising the average vessel size on that trade lane to 12,600 TEU.

'The Asia-North America routes also saw average vessel sizes increase, but this year the pace has been slower, compared to the Asia-Europe trades, as carriers took a more cautious approach in the face of slower demand growth in the US,' said Alphaliner.

The analyst also reported that the number of inactive containerships has risen as carriers plough ahead with their scrubber retrofit programmes to meet the International Maritime Organization's new low sulphur rule deadline of January 2020.

'The inactive containership fleet has risen sharply over the last two weeks to reach 180 units for 753,819 TEU as of September 30, or 3.3 per cent of the total fleet,' said Alphaliner.

The inactive fleet is expected to expand further this month due to the impact of blanked sailings and the continuing stream of ships entering docks for scrubber retrofits. 'Carriers have announced further void sailings in November in response to weak cargo demand, which could see the inactive fleet remaining above 800,000 TEU for most of the fourth quarter,' said the analyst.

India to be topmost export destination for Peru

LIMA: Peru, which has recently come out a new export master plan, said that it would increase its exports to India. Metals like copper, gold, and zinc are among the items that Peru prominently exports to India.

India will be one of the top priority destinations for Peru, a statement said.

“We have implemented a strong plan to intensify our efforts to encourage exports to new markets. The relationship between Peru and India continues to go strong. This Country will become a key market in Asia for Peruvian Companies and Trade," said Luis Torres, the Executive President of the official Peruvian Exports and Tourism Board (PROMPERU).

Asia to US box traffic dips for the first time in three months

LONDON: Outbound containers exported to the U.S. from 10 major countries and regions in Asia in September (based on shipments that mother vessels are loaded with at ports of origin) decreased 0.5% to 1,441,130 TEUs, incurring the first year-on-year decline in three months, according to American research company Descartes Datamyne. In the first nine months (January-September), in contrast, they increased a minute 0.6% from a year earlier to 12,336,367 TEUs.

Looking at September exports by origin, those from China waned 4.3% to 881,529 TEUs, suffering a year-on-year contraction for eight months in a row, but managed to hold the largest share of the pie, Descartes Datamyne said, referring Automated Commercial Environment (ACE) and bill-of-lading (B/L) data provided by the U.S. Customs and Border Protection (CPB). Ranked second were containers from South Korea, which plunged 11.8% to 137,130 TEUs, registering the first year-on-year decrease in 19 months. Finishing in third place, those from Vietnam ballooned 38.2% to 100,456 TEUs, growing from a year earlier for 10 months in a row. Exports from Taiwan came in fourth place, improving 11.6% to 76,492 TEUs and enjoying a year-on-year rise for the seventh consecutive month.

Containers from Japan, which finished in eighth place, fell 6.5% to 34,464 TEUs, marking a year-on-year decrease for 10 straight months. Including those transshipped, they totaled 47,178 TEUs, up 3.8%, making the first year-on-year increase in two months.

Assam set to have India’s first International Multi-Modal Hub October 18 , 2019

GUWAHATI: Assam Industry Minister Chandra Mohan Patowary said that the State is all set to have India''s first International Multi-Modal Hub recently.

He also said that the Asian Development Bank (ADB) has agreed to fund the project at an estimated cost of around Rs 600 crore.

"The Government of Assam is planning to develop Jogighopa, a small township near Brahmaputra river, as a logistics hub or Transshipment point for cargo moving from Assam, Arunachal Pradesh, Nagaland to Bangladesh," he said, while talking to reporters.

In addition, the Munshiganj River Terminal in Bangladesh will be used as a Customs station to handle third-party export and import cargo via Kolkata Port.

"To bring about a significant reduction in logistics cost and faster delivery of Bangladesh export cargo, the Indian side have raised the point regarding permitting a third Country export-import trade under the Coastal Shipping agreement and protocol on inland water transit and trade (PIWTT) by allowing trans-shipment through ports on the East Coast of India," he said.

"The Bangladesh Government agreed to hold stakeholder consultations and revert on the matter," he added.

"Increasing connectivity through air, water, rail, road offer mutually beneficial opportunity for enhancing economic cooperation between Bangladesh and the Northeastern States of India and beyond," Patowary said.

"Standard operating procedures for the use of Chattagram and Mongla Ports for movement of goods to and from India, particularly to and from the Northeast of India has recently been concluded and it is expected that it