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Around the SHIPPING WORLD in 1 minute as on 5th October 2023

Around the SHIPPING WORLD in 1 minute as on 5th October 2023

Readers can get brief news, Around the SHIPPING WORLD in 1 minute as on 5th October 2023

(1) Adani Ports Achieves Record High Cargo Volume and 26% Growth in September

Adani Ports and Special Economic Zone (APSEZ) celebrated a significant milestone as it experienced a remarkable 26% increase in cargo volume in September 2023 compared to the previous year. This achievement led to a surge in Adani Ports’ shares by nearly 1% during early trading on October 3. The company disclosed this outstanding performance in an official filing, stating that APSEZ handled 32.8 million metric tonnes (MMT) of cargo in September, with all major ports exhibiting double-digit growth. This growth was witnessed across all three types of cargo: dry bulk (32%), containers (20%), and liquids and gas (21%). In the first half of the fiscal year 2023-24, Adani Ports managed to handle a total of 202.6 MMT, surpassing the remarkable 200 MMT mark within the initial six months of the year.

Chabahar port pact: India and Iran’s strategic endeavor

(2) Container Ship Faces 90-Day Ban due to Severe Maintenance Issues

Australian Maritime Safety Authority (AMSA) took decisive action by banning the Marshall Island-flagged container ship, Big Lilly, from Australian waters for 90 days. The ban was imposed due to grave safety and maintenance concerns discovered during an AMSA port State control inspection in Melbourne. The inspection revealed serious defects in the ship’s cargo hatches, main engine, and safety equipment, compromising its watertight integrity. Despite efforts by the onboard seafarers to maintain the vessel, it became evident that they lacked adequate support from the ship’s management to meet essential international standards. This stringent action highlights the importance of adhering to safety protocols in maritime operations.

Ship recycling market slows down as autumn sets in

(3) New Customs Procedure Affects Ship Departures

A new customs procedure has been introduced for loading ships, necessitating the completion of a Customs Declaration (Bayan) to obtain approval for a ship’s departure. The process begins only after receiving the Quantity Certificate from the terminal, based on precise quantity calculations. Consequently, the departure of vessels might be delayed after loading completion, as internal customs approvals are required once the exact loading quantity and other information are entered into the Customs Portal. Unlike the previous procedure, it is now mandatory to create Customs Bayan before a ship’s departure, contingent upon Customs Portal availability, document volume, and approval from customs officials. This change emphasizes the need for meticulous customs compliance for seamless ship departures.

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