Connect with us

Trade and Regulations

India unlocks its trade potential with Central Asia through Chabahar Port

Published

on

India unlocks its trade potential with Central Asia through Chabahar Port. Image: Pixabay
India unlocks its trade potential with Central Asia through Chabahar Port. Image: Pixabay
Listen to the story (FreightComms AudioPost)

 

The Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal affirmed India’s commitment towards unlocking the trade potential with the Central Asian region through the use of Chabahar Port in Iran. On the occasion of ‘Chabahar Day’, Union Ports, Shipping & Waterways Ministry along with the Indian Ports Global Ltd. which was formed to participate in Shahid Behesthi Port at Chabahar development project, organized a conference in Mumbai, where the Union Minister Shri Sonowal and the Minister of State for Ports, Shipping and Waterways and Tourism Shri Shripad Yesso Naik interacted with the high level diplomatic delegation from Central Asian Countries.

Shri Sonowal also said, “Our vision is to make Chabahar Port a transit hub under the International North-South Transport Corridor to reach out to CIS countries”. “Chabahar Day” is celebrated to mark the beginning of INSTC – an Indian vision to economize movement of cargo between India and Central Asia. The Chabahar Port located in Iran is the commercial transit centre for the region and especially Central Asia.

Speaking at the event, the Union Ports, Shipping and Waterways Minister said, “The idea of INSTC via the vibrant Shahid Beheshti Port at Chabahar in Iran is an idea to connect the two markets using a multi modal logistical corridor”. This will rationalise our logistics cost which will contribute towards the trade volume between the two regions, he said. Thanking all the stakeholders’ who have shown active support for the development of the Chabahar Port, he said, through combined efforts, a point of connectivity enhancing trade and commerce among India and Central Asian countries has been successfully developed.

Shri Sonowal further said, Chabahar Port links the rich Central Asian region with the South Asian markets. It has emerged as significant for trade, economic collaborations and connecting people between the two geographies. Owing to the potential of the Central Asian markets, the India-led connectivity has provided a secure and commercially viable access to the Indian Ocean region for Central Asian countries. This link will not only provide connectivity, but also drive investments further supporting our cultural and political ties, he added. It will additionally develop the transit and transport potential of the Central Asian Region and improve their logistic network, he added. Chabahar Port will lead to promoting a joint initiative to create a regional and international transport corridor over there, said the Minister. Further, the aim is to develop universally recognized international norms, good governance, rule of law and equality at Chabahar Port, said the Minister.

Shri Sonowal also said that loading and unloading capacity of the Shahid Beheshthi Port at Chabhar which today stands 8.5 million tonnes, will be enhanced to 15 million tonnes on completion of the Phase I of the project.

Welcoming the Central Asian countries to use the services of Shahid Beheshti Port for facilitating their trade with India and other external markets, Shri Sonowal urged all stakeholders to provide suggestions on promoting Chabahar INSTC Link to further reduce the transportation time, open a shorter, faster and more reliable route from India to Central Asia and increase the feasibility of hassle-free trade between the two regions. “I would like to take this opportunity to request all of you to take this message ahead to make your business community aware about the opportunity and potential that this route may unlock”, said Shri Sonowal.

MoS Shri Shripad Yesso Naik said that, in the coming years, developments in the Shahid Beheshti Port will support the faster growth of business and raise standards of living in the region. This infrastructural linkage would lead to expansion of trade and investment prospects in the region, he added. “This trade meet will have to create opportunities through Shahid Beheshthi Port and help it grow more in the maritime sector”, Shri Naik stated in the conference.

During the event, the delegates from the Central Asian countries highlighted how Chabahar link with INSTC can play a vital role in boosting EXIM trade in their regions and its potential to further boost development in the landlocked countries. During the day-long event, several presentations & Govt to business sessions took place. Presentations & speeches were given by Chairman IPA, MD IPGL, FFFAI & Joint Secretary, Ministry of External Affairs, Govt of India.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maritime

Tow-away regulations in Rotterdam for incorrectly moored barges

Published

on

Tow-away regulations in Rotterdam for incorrectly moored barges. Image: Port of Rotterdam
Tow-away regulations in Rotterdam for incorrectly moored barges. Image: Port of Rotterdam
Listen to the story (FreightComms AudioPost)

 

In Rotterdam, new tow-away regulations have been implemented for improperly moored and anchored barges. The Port of Rotterdam Authority has amended its General Terms and Conditions to address this issue. There are substantial penalties for those who violate these regulations.

In Rotterdam, new tow-away regulations have been implemented for improperly moored and anchored barges. The Port of Rotterdam Authority has amended its General Terms and Conditions to address this issue. There are substantial penalties for those who violate these regulations.

For years, various parties have faced difficulties due to barges being incorrectly moored and anchored. The nominal fine (approximately 150 euros) for an official report is significantly lower than the expenses incurred in shifting the barge.

These incorrectly moored and anchored barges frequently obstruct the path of sea-going vessels preventing them from reaching their designated berths. This results in avoidable waiting costs for both the sea-going vessels and nautical service providers. Moreover, it poses an additional safety hazard for vessels dependent on the tides, unable to depart due to the obstructing barges. The ensuing waiting times and congestion also cause delays in scheduling, impacting many other sea-going vessels as well.

Now, with the updated General Terms and Conditions, the Port of Rotterdam Authority possesses the authority to remove a vessel at any time. The barge operator is responsible for covering all costs and damages incurred or suffered by the Port of Rotterdam Authority related to the removal, along with a 15% surcharge based on the expenses, with a minimum of €5,000.

There are a total of 316 barge berths in the port of Rotterdam.

Continue Reading

Environment

EU member states agree to the “FuelEU Maritime” regulation

Published

on

EU member states agree to the "FuelEU Maritime" regulation. Image: Port of Hamburg
EU member states agree to the "FuelEU Maritime" regulation. Image: Port of Hamburg
Listen to the story (FreightComms AudioPost)

 

EU Member States cleared the way to bring sustainable renewable fuels into maritime transport. They approved the “FuelEU Maritime” regulation. The EU Parliament had also voted in favour of the agreement reached in the trilogue procedure.

The new requirements will apply to ships with a gross tonnage of more than 5,000 entering, leaving or staying in ports in the territory of an EU Member State. In addition, shore-side electricity will be mandatory for container and passenger ships from 2030. The use of synthetic fuels from renewable energies will be specifically promoted for shipping.

Federal Minister of Transport Dr Volker Wissing:
After we were recently able to achieve a breakthrough for maritime climate protection at UN level, we are now pushing the actual transformation towards climate-neutral shipping at European level with the “FuelEU Maritime” initiative. The draft regulation is open to technology and takes into account the special competitive conditions in the maritime transport sector. The main objective is to increase the demand for renewable and low-carbon fuels and their consistent use, thereby decisively reducing greenhouse gas emissions in maritime transport. The initiative is thus expected to play a fundamental role in the implementation of the European Climate Change Act for shipping.

Federal Environment Minister Steffi Lemke:
Today the EU has set a decisive course for more climate protection and the use of renewable fuels in maritime transport. Shipping companies will continue to rely on fuels in the future, because electric drives are not yet an option for long-distance transport. In maritime transport, e-fuels from renewable energies are therefore a sensible climate-friendly alternative. With the new requirements, the EU is giving manufacturers and shipping companies the necessary planning security, driving forward the development of modern technologies and making renewable fuels for maritime transport ready for the market. But there are also shadows: The fact that fuels from fossil sources and nuclear energy are also permitted as a compliance option is regrettable. The German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) will continue to advocate the use of predominantly synthetic fuels from renewable energy sources in order to make maritime transport climate neutral.

FuelEU Maritime lays down uniform EU-wide rules for limiting the greenhouse gas intensity of the energy used on board a ship, and thus above all the fuels. The regulation from the Fit for 55 package stipulates that shipping in the EU must reduce its emissions by 2 percent from 2025, 6 percent from 2030, 14.5 percent from 2035, 31 percent from 2040, 62 percent from 2045 and 80 percent from 2050. The GHG intensity reduction targets are set against the 2020 average GHG intensity of energy consumed on board ships. The greenhouse gas emissions of all fuels are assessed on the basis of a life cycle assessment (so-called well-to-wake (WtW) approach that includes the greenhouse gases carbon dioxide, methane and nitrous oxide). All fuels are permitted as a compliance option; the legislative initiative is thus technology-neutral.

The use of synthetic fuels is encouraged by a special mechanism: if the share of synthetic fuels from renewable energy sources (so-called “renewable fuels of non-biological origin, RFNBO) in the fuel mix does not exceed one percent in 2031, a mandatory minimum quota of two percent for these RFNBO fuels will automatically come into force from 2034. Beyond the use of alternative fuels, the FuelEU Maritime Regulation obliges container and passenger ships in ports in the territory of a Member State to use shore-side electricity or alternatively zero-emission technologies for on-board energy supply.

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply from 1 January 2025, with the exception of certain Articles which shall apply from 31 August 2024.

Continue Reading

Air Freight

Dronamics is first cargo drone airline with IATA and ICAO designator codes

Published

on

Dronamics is first cargo drone airline with IATA and ICAO designator codes. Image: Dronamics
Dronamics is first cargo drone airline with IATA and ICAO designator codes. Image: Dronamics
Listen to the story (FreightComms AudioPost)

 

Dronamics, the world’s first cargo drone airline with a license to operate in Europe, announced it has been officially assigned both IATA and ICAO designator codes. Dronamics is the first cargo drone airline to secure these codes, granting it recognition on par with other international airlines.

Dronamics has been assigned the IATA designator code “OY,” along with the accounting prefix “651.” IATA codes play a critical role in the aviation industry, serving as essential identifiers for airlines, their destinations, and cargo documents. These codes enable Dronamics to be officially recognized as an airline entity, supporting commercial interline agreements with other IATA carriers, facilitating connections with freight forwarders, and enabling the publication of flight schedules through OAG, the world’s leading provider of digital flight information.

The IATA 2-letter Airline Designator code “OY” will be used to establish flight numbers for both scheduled and non-scheduled flights, providing standardized identification across its operations. Additionally, the Airline Accounting Prefix “651” grants Dronamics the ability to issue Air Waybills (AWBs), facilitating seamless cargo uplift within its extensive network.

In addition to the IATA codes, Dronamics has also secured the ICAO designator codes, further solidifying its presence in the global aviation community. The ICAO telephony call sign “Black Swan” and the 3-letter airline designator “DXE” have been assigned to Dronamics. These ICAO codes are widely utilized by pilots and air traffic controllers worldwide, playing a crucial role in flight planning, communication with air traffic control, and the dissemination of vital information through NOTAMs (Notice to Air Missions).

“Becoming the first cargo drone airline with both IATA and ICAO designator codes is a testament to Dronamics’ pioneering spirit and our vision for faster, cheaper and green air cargo for everyone, everywhere. This recognition by the leading aviation community reinforces our position on the international aviation map.” said Svilen Rangelov, co-Founder and CEO of Dronamics.

By securing the IATA and ICAO designator codes, Dronamics has solidified its position as the world’s first cargo drone airline. This reinforces Dronamics’ commitment to innovating air cargo with its drone technology and opens up new avenues for collaboration, growth, and integration within the global aviation ecosystem.

Continue Reading

Popular

Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore