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Daily Shipping Times- India’s Oldest shipping Newspaper celebrates 60th Diamond Jubliee year.

Category : News & Articles

Daily Shipping Times- India’s Oldest shipping Newspaper celebrates 60th Diamond Jubliee year.

 

 

India has only a handful of business publications that are 60 years old as on today. And yes, Daily Shipping Times, feel proud to be among these handful of business publication that is serving the Maritime and Logistics trade since 1960’s – till date.

The first Shipping Newspaper was started on 10th September 1960, when their Visionary Founder Late Shri  Nagindas K. Modi decided to venture into shipping domain when no one else even remotely thought of the importance of Blue economy to the Nation’s development. It is only post 2014, that the current dispensation has placed the much needed emphasis on the importance of Blue economy what was envisioned by Late Shri Nagindas K. Modi nearly Six decades ago, and very rightly so.

This is how Daily Shipping Times, India’s oldest Shipping Daily, was born on 10th September, 1960 to serve and provide accurate information relating to Domestic and Global Maritime and Logistics trade.

Capt. Deepak Tewari, Managing Director- MSC Agency  (India) Private Limited aptly points about Late Shri Nagindas K. Modi that, “It is his vision that gifted India with its first media communication and publication for shipping News through Daily Shipping Times. He was pioneer and inspiration to all media in Shipping, Logistics and Maritime industry that came thereafter.”

In fact, on 9th August 2019 Union Minister of State (Independent Charge) for shipping, Shri  Mansukh Mandaviya felicitated Daily Shipping Times for entering its 60th Year of successful operations at an event held in Mumbai.

From a humble beginning of merely 4 page Black & White Newspaper in 1960s, Daily Shipping Times has grown over the years to a 40 page Colored Newspaper covering invaluable information on ports, Shipping Lines, NVOCCs, Custom Brokers, Freight Forwarders, Logistics, Foreign Trade, Digital Innovations among others.

In fact, Mr. Kamlesh Gandhi, Director – Navnit Gandhi & Son rightly points that, “In those days even shipping Companies were reliant on Daily Shipping Times as there was no other agencies who could provide Shipping News.”

While we celebrate our Diamond Jubilee, we at Daily Shipping Times owe this stupendous success to all our patrons including port Trusts, Shipping Agents, Custom Brokers, Freight Forwarders, NVOCCs, Readers and Advertisers. Without their immense support, scaling such a pinnacle would have been quite arduous and hence we are thankful from the bottom of our heart.

Last but not the least, the Diamond jubilee of daily Shipping Times, would not have been possible without the wholehearted support from the dedicated Team who have always worked diligently all throughout these years helping it to scale new heights decade after decade.


PM’s Warning Board: Set up discrete Department for coordination’s to Enhance Transport Area

Setting up a different coordination’s division and presenting one allow one assessment framework for trucks, among different measures, will help the vehicle part and enhance simplicity of working together, the Economic Advisory Council to the Prime Minister (EAC-PM) has recommended. These recommendations frame some portion of the Bibek Debroy-drove Logistics Development Committee’s report titled ‘Enter Challenges in Logistics Development and the Associated Commerce – Policy Reforms for Ease of Doing Business/Trade in India’ which was submitted to Prime Minister Narendra Modi as of late.

Laying out the requirement for supporting the truck business, the board of trustees has proposed that the administration ought to make a free office concentrating on coordinations and exchange assistance space by updating the current Logistics Division under the Ministry of Commerce and Industry. 

“Present the One Nation, One Permit, One Tax framework by revising Motor Vehicles Act as suggested by the Parliamentary Committee. 

“Likewise appropriately correct the arrangements of Motor Transport Workers Act to motivating force trucking industry to expand its scale and size,” the advisory group proposed.

According to the one allow one duty framework, all truck licenses will be substantial the nation over. 

It likewise pitched for decrease and legitimization of rail cargo tax structure, in any event on select pilot courses (Delhi-JNPT, Delhi-Mundra and so on). 

As indicated by the report, the legislature should target expanding rail modular offer by enhancing consistency in railroad administrations, excusing rail line levies and speeding up Dedicated Freight Corridor (DFC) charging. 

The board of trustees additionally pitched for creating Common Development Plans for restoration of railroad sidings close significant airplane terminals for advancing multi-modular air-rail availability and facilitating last mile network to air terminals. 

To enhance exchange assistance at outskirts, it said the legislature should move towards completely encouraged trust-based leeway handled through best in class hazard the executives framework (RMS) and make physical examination a special case. 

It called attention to that while the physical framework enlargement ventures (like Bharatmala, Sagarmala, DFC) are transformational in nature, some significant administration and procedural changes are steady in nature. 

Discoveries of the World Bank’s Doing Business (DB) report 2018 recommend that it took over six days to fare and over 13 days to import in India, significantly higher than the time taken in the created world. 

In the mean time, India saw a hop of 19 positions in International Logistics Performance Index (LPI) – from 54th position in 2014 to 35th position in 2016 out of 160 nations. 

The head administrator has set a goal-oriented focus to understand a quantum hop in Doing Business and LPI positions inside the following 2-3 years. 

“This will be hard to accomplish on the off chance that we essentially don’t reorient the manner in which we have taken a gander at co ordinations and exchange assistance space,” the board said. 

It likewise noticed that the prerequisite of physical printed material and various documentation proceeds in spite of push towards advanced administration. 

As indicated by the report, the street cargo cost per ton per km in India is practically twofold (in the wake of modifying for PPP) than that of US while the normal speed is considerably lower than in created nations.


Forwarders Weigh Up Modular Choices As Space Deficiencies And High Costs Hit Airfreight

Cargo forwarders are searching for choices to airfreight as high costs and an absence of room have prompted them investigating different modes.

In its week by week showcase wrap up, rate entry Freightos said that other than the Asia-Europe exchange there had not been a pinnacle season for rates this year.

One reason for this, it stated, was that shippers’ view of airfreight being promptly accessible at a sensible cost endured a shot a year ago when the pinnacle season saw limit deficiencies and high as can be costs.

This has made not as much as holder stack sending an increasingly alluring choice in 2018, Freightos included.

Another forwarder situated in Europe said that rates were likewise high this year making airfreight a hard item to move, with clients leaning toward sea-freight if conceivable.

In the interim, in an article showing up in January’s Air Cargo News, a few cargo forwarders state that overland Asia-Europe rail administrations and ocean air activities are expanding in notoriety for the Americas and Africa.

“In light of limit requirements and the increments in airfreight costs that we’ve seen in the course of recent years, clients are substantially more open to investigating multi-modal choices if the timetables are not significantly affected,” watched Robert Reiter, CEO Southeast Asia of DB Schenker.

Higher fuel costs and the re-rise of fuel additional charges were likewise pushing up costs, the article additionally noted.

In a public statement, Panalpina likewise noticed that airfreight had been feeling the squeeze this year because of expanding costs and space requirements.

This comes in spite of airfreight development facilitating to 3-4% in 2018 contrasted and 10% in 2017.

The forwarder, which offers its own sanction arrange, said that transporters have overseen limit well throughout the most recent year, which prompted a lower offer of assignments and square space assentions and additionally higher rates to the tune of 15-20% on chose exchange paths.

For Panalpina, China to Europe, Europe to China, Europe to the US and China to the US were the most grounded airfreight exchange paths in 2018. US airfreight trades grew emphatically towards the year’s end.

Lucas Kuehner, Panalpina worldwide head of airfreight, stated: “The restrained limit the executives gave the bearers space to play in the spot showcase fully expecting higher rates and conceivably progressively alluring impromptu contracts amid pinnacle season.

“Subsequently, limit has been rare on chosen exchange paths. The couple of vessels that were conveyed in 2018 generally went to the integrator, adding to the limit crunch.”

looking forward, IATA is expecting airfreight development to moderate again in 2019 and payload stack variables to ease.