JNPT hikes toll rates on cargo, CMA CGM to launch Mitwara Express for Tanzanian cashew season, Megaships taking over Asia-Europe trade & more weekly insights.
India Market Watch
- As per public Notice No 133/2017 , JNCH, Nhava Sheva has launched Refund SMS Seva (for CRC and SAD) where the claimant will be intimated through SMS at every stage of refund processing.
Tip: In order to make use of this facility, it is essential that refund claim should also include the mobile number and email id of the claimant/authorized person so that they will be intimated about the status of their refund claim. Shipwaves advises all the customers to submit mobile number and functional email id along with refund claims.
- Exporters can claim refund this week for GST paid in August, September. GST Network (GSTN), the company handling IT infrastructure for the indirect tax regime, has from October 10 started issuing refunds to exporters for Integrated GST (IGST) they paid for the month of July, after matching GSTR-3B and GSTR-1.
Tip: A separate online app for claiming Integrated GST (IGST) refunds for August and September would be made available on GSTN portal this week. Please make use of this app for your refund
- Haz cargo movement in containers has taken a hit due to wrong declaration in the shipping documents about the product. Many cases are reported where the cargo is not declared as per local customs rules leading to container detention at Port.
Tip: Please ensure that your Hazardous cargo declaration is accurate and in compliance with customs at various load ports. For a hassle-free experience, take advantage of Shipwaves HAZ cargo movement services.
Container Freight Rates Pulse
- JNPT hikes toll rates on cargo arriving/departing by road. Jawaharlal Nehru Port Trust (JNPT) has raised the toll rates on cargo going in and out of the gate complexes of the country’s busiest container gateway. The rates have been hiked by ₹27 a container and by ₹2 a tonne on project and liquid cargo passing through a four-lane road. The new toll rates will be ₹267 for a twenty-foot equivalent unit (TEU) and ₹22 per tonne for project cargo/liquid cargo. The tolls are collected from the shipping lines.
- Antidumping duty imposed on certain Chinese, EU steel products.
The duty will be the difference between the landed value of the steel products and USD 822 per tonne. In its findings, the DGAD had concluded that ‘colour coated/pre-painted flat products of alloy or non-alloy steel’ has been exported to India from these regions at below the normal value, due to which domestic industry has suffered material injury.
Container Shipping Sailing
- MOL will implement the General Rate Increase (GRI) to all kinds of cargo moving from Asia to Southern Africa effective Nov 1, 2017.Details are as follows:
From: Asia (including Indian Sub-Continent/Middle East)
To: Southern Africa (South Africa/Lesotho/Zimbabwe)
Quantum: USD300/600 per 20’/40’
Effective Date: Nov 1, 2017 (B/L on-board date basis)
- CMA CGM to launch Mtwara Express Service for the Tanzanian cashew season. Striving to serve the upcoming cashew season in Tanzania and rising demand for high quality and reliable service, CMA CGM Group is pleased to announce the launch of Mtwara Express in complement to the 6 current direct East Africa services.
Launch date : November 1st, 2017,3 departures from Mtwara are guaranteed: Wednesday, November 1st, 15th and 29th, 2017.The highest service standards on Mtwara Express offer cashew exporters a fast and reliable link to India major destinations. Cochin is reached in 11 days and Mangalore in 14 days.
Shipping Infrastructure Roundup
- Mumbai Port Tenders Container Transporter. India’s busiest container port operator Jawaharlal Nehru Port Trust (JNPT) is holding a tender for a transporter to remove import containers from four terminals. The Mumbai terminal operator has collected 12 bids from transporters on the tender to select up to seven road transporters and around 2,665 trailers. A transportation arrangement for an initial period of three years is offered under the tender, with an option to extend the deal by two years. JNPT has said that the transporters will be the driving force behind its planned Direct Port Delivery (DPD) programme. It aims to more rapidly process imports through the DPD programme. The DPD programme will replace the role of the container freight stations with services offered by terminals, shipping lines and transporters. JNPT does not plan to enter into a direct commercial arrangement with the transporters, and importers must make the commercial arrangements to hire the selected transporters.
- After green nod, APSEZ set to formalise Kattupalli port deal with L&T arm. Decks have been cleared for Adani Ports and Special Economic Zone Ltd (APSEZ) to formally acquire Kattupalli port near Chennai from L&T Shipbuilding Ltd (LTSB) after a government agency cleared the bifurcation of the environment and coastal regulation zone (CRZ) clearances granted to the shipyard-cum-port complex. APSEZ plans to transform Kattupalli into a multi-commodity port with a capacity to handle 24.65 million tonnes (mt) of cargo including 1.8 million TEUs, 149,899 automobiles, 0.44 mt of project cargo, 1.82 mt of break bulk/general cargo and 0.57 mt of edible oil, base oil, lube oil and non-hazardous liquid cargo.
Global Market Buzz
- Megaships Taking Over Asia-Europe Trade. With the current orderbook of 90 mega-vessels of more than 14,000 TEU to be delivered in the next three years, the Asia-Europe trade will see 88% of vessels in excess of 14,000 TEU by 2020, according to market intelligence provider in the container shipping industry SeaIntel Maritime Analysis. Asia-Europe is already close to the limit of what this trade can reasonably be expected to absorb until 2020 in terms of vessel upgrades. Further vessel ordering in the 18,000+ TEU category is highly likely to result in excess capacity issues, SeaIntel said.
- Terminals should brace themselves to feel huge impact from alliances. The real impact to terminals from consolidation and shipping alliances is yet to come, but when it does arrive it will be huge. It’s not just the larger terminals the alliances will affect, smaller ports and terminals should also look to their handling capacity if they want to stand any chance of competing for business.
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