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Industry News

September, 2017

Relocation of Corporate Head Office – Pakistan


CSS Pakistan relocated their Corporate Head Office effective from July 10, 2017.
We value your association with us & wish to extend our thanks to your continued support. Please update your record accordingly. We look forward to serving you at our new location.
Team CSS Pakistan
The new office is located at:

Suite#1201-1202, 12the Floor
Plot # G-19, Block-5, Main Clifton Road
2 Talwar, Karachi-74000, Pakistan
Phone : (+9221) 35157921-3
Fax : (+9221) 35157934
Email : info.desk@css-pak.com


May, 2017

New Regulations From Customs To Prevent Corruptions


Recently Indian Customs has done amendment in their Custom Act for filling of Bill of Enrty ( i.e. Custom Import documents filling ) for all Import cargos coming to India effective 1st of April 2017. In this new regulations all Consignee / their agents must have to file Import Bill of Enrty in Customs EDI system within 24 hr of vessel arrival at port, failing which a daily penalty will be imposed on Consignee. This is a very good and corrective measure from Indian Customs to stop all illegal / wrong Customs filling. This will also speed up the import clearance process in all port in India making them competitive in world market. Apart from that, Free time at all ports has been reduced to 24 hrs so that the current backlog of cargo can be eased out from all Ports and ICD(s).  This sudden movement strictly comes into picture due to nationwide NEWS of fake currency and ammunition speads and DRI, SIB, CID stops all works in every major ports and ICD(s).

This New regulation may be called the Bill of Entry (Electronic Integrated Declaration) Amendment Regulations, 2017.

 

Please take a look of the summery of the new regulations….

 

“Regulation 4. (1) The authorised person shall file the bill of entry before the end of the next day following the day (excluding holidays) on which the aircraft or vessel or vehicle carrying the goods arrives at a customs station at which such goods are to be cleared for home consumption or warehousing.

The bill of entry shall be deemed to have been filed and self-assessment of duty completed when, after entry of the electronic integrated declaration in the Indian Customs Electronic Data Interchange System either through ICEGATE or by way of data entry through the service centre, a bill of entry number is generated by the Indian Customs Electronic Data Interchange System for the said declaration.

Where the bill of entry is not filed within the time specified in sub-regulation (1) and the proper officer of Customs is satisfied that there was no sufficient cause for such delay, the importer shall be liable to pay charges for late presentation of the bill of entry at the rate of rupees five thousand per day for the initial three days of default and at the rate of rupees ten thousand per day for each day of default thereafter:

Provided that where the proper officer is satisfied with the reasons of delay, he may waive off the charges referred to in the second proviso to sub-section (3) of section 46 of the Customs Act, 1962 (52 of 1962).

No charges for late presentation of Bill of Entry shall be liable to be paid where the entry inwards or arrival of cargo, as the case may be, has taken place before the date on which the Finance Bill, 2017 receives the assent of the President.”

 

This sudden notification has make a lot of consignee’s life miserable suddenly but this will surely purify the current impurity of EXIM Trade and we CSS Delhi welcomes this strict move imposed by Custom for purification of Trade.

Rajesh Arora

Vice President – CSS North India


March, 2017

Training at CSS Mumbai


The staff at CSS Mumbai witnessed a unique training session recently. The pens and pads they carried to the conference room proved to be of no use when the training started. It was all about Martial arts and self-defence techniques. Even though the session brought in surprises and beaming smiles on faces, in the hind sight, everyone agrees that the training they got was one of the most important lessons which the time demands in India.

The training was led by Ganesh Padyachi, Business Development Manager, CSS Mumbai. Ganesh is formally trained in Martial Arts. “Self –defence is a must learned lesson for everyone. As the crime rates are soaring high in our country, we need to equip ourselves to protect our body from abuses” mentioned Ganesh. The training was conducted in two batches and covered areas like personality development, thinking style and self-help techniques as well.


September, 2016

APL Strengthens Asia-Europe Service Network With New India Pakistan Europe Service


APL has announced the launch of a new weekly service – the India Pakistan Europe (IPE) Service, directly connecting the key South Asian markets of India and Pakistan to Major Ports in Europe. The new IPE service builds on APL’s strong market presence and local expertise in India and Pakistan to enhance its Asia-Europe service offerings.

“Europe is a premier trading partner and a major export market of South Asian countries. It is opportune that we expand our service coverage in Asia-Europe through the new IPE service, directly linking the major economies of India and Pakistan to Europe. As APL offers market connectivity, our priorities are also to provide reliable and timely cargo shipments across all regions,” said Mr. Eric Eng, APL Head of Asia Europe Trade.

With fast transit times from India and Pakistan to North Europe, the IPE service will call the Ports of Port Qasim, Nhava Sheva, Hazira, Mundra, Jeddah, Djibouti, Southampton, Rotterdam, Antwerp, Felixstowe and Le Havre.

First sailing of the IPE Eastbound service will commence on October 1, 2016 from Southampton. First sailing of the Westbound service will commence on 4 October 2016 from Port Qasim.


September, 2016

Hapag-Lloyd Merger Reveals UASC’S Huge Net Losses


The United Arab Shipping Company (UASC) suffered an operating loss of US $299-million and a net loss of US $384-million in 2015 off of a revenue of US $3.32-billion.

The figures were revealed by Hapag-Lloyd as part of its obligatory disclosures as a public company before an upcoming Annual General Meeting, scheduled to be held in Hamburg at the end of August.

At the meeting, the German carrier will seek shareholders’ approval to amend its capital structure to complete a planned merger with UASC.

UASC has until now never disclosed its financial results as the shipping line is privately owned by six GCC states. The depth of its underperformance will likely cause some hesitancy among Hapag-Lloyd shareholders.

A negative operating margin of -9.0% makes UASC the worst performer among all main container carriers that have published financial results for 2015.

UASC’s poor financial performance has continued in 2016 with an operating loss of US $132-million and net loss of US $201-million on revenues of US $1.5-billion in the first six months of the year.


September, 2016

Khalifa Port Expansion To Bring The World’S Largest Ships To Abu Dhabi




Nearly four years after it first opened for business, Abu Dhabi’s vast Khalifa Port container terminal is to be expanded to accommodate the world’s largest ships.

Abu Dhabi Ports, the government-owned company that runs the US$7 billion terminal, has announced plans to expand the port’s quay wall so that it can handle more cargo and to dredge the port to make it two metres deeper.

In a statement on Saturday, Abu Dhabi Ports said that it planned to build 1,000 metres of quay wall, adding 600,000 square metres of space for cargo handling and deepen its main channel and basin to 18 metres from the current 16 metres.

The company has signed a contract with the National Marine Dredging Company (NMDC) to start preparatory work on dredging the channels and using this material to build the new quay wall and a yard behind it.

The work, which will involve 250 workers, is scheduled to be completed in mid2018.

The expansion is part of ambitious plans for Khalifa Port, which replaced Abu Dhabi’s 1960s built Port Zayed as the city’s main container port in December 2012 with the capacity to handle 2 million containers a year and is projected to have the capacity to handle 15 million a year by 2030.


September, 2016

Singapore Bunker Market Players Establish New Association


Singapore’s bunker market has formed a new industry association, Association of Bunker Industry (Singapore) (ABIS), to improve and address the needs of the industry.

The new group said its core aims are to focus on working with small and medium-sized bunker firms so as to improve their business services, as well as working with national bodies to raise industry standards, and develop and deliver training programs for its members.

Kwok Fook Sing, honorary secretary of ABIS, said the new bunker association comprises of all bunker-related stakeholders, ranging from suppliers, shipowners, bunker buyers, traders, surveyors, fuel testers, legal counsels and mass flow meter (MFM) vendors.


July, 2016

Expo 2020 Dubai And Dp World Partner To Position The Uae At The Heart Of Future Global Trade


Expo 2020 Dubai today announced DP World as its Premier Global Trade Partner.

The company, which is a leading enabler of global marine and inland trade, owns and operates 77 terminals globally including the Port of Jebel Ali, less than 10 km from the Expo site, and will play a vital role in the supply chain for the Expo, which will bring together over 180 nations and 25 million visitors for what will be the world’s largest event in 2020.

DP World is the third Premier Partner to be announced to date. The signing ceremony was attended by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee and Chairman of Dubai Airports and Emirates Airline, and His Excellency Mohammed Al Shaibani, Vice Chairman of the Expo 2020 Dubai Higher Committee, Director General of His Highness The Ruler’s Court of Dubai, and CEO and Executive Director of the Investment Corporation of Dubai.

Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General Bureau Expo Dubai 2020, said, “Expo 2020 Dubai will be the first World Expo to take place in the Middle East, Africa or South Asia. Serving an area with a collective population of nearly 3.2 billion people and a GDP of more than US $ 6.5 trillion, Expo 2020 will act as a gateway to one of the most important geo-economic trends shaping our world: the rise of emerging markets, developing countries and South-South trade. The partnership with DP World will play a central role in cementing the UAE’s position at the heart of future global trade.”

HE Al Hashimy added: “Trade and economic diversification are vital to the UAE’s future. Through this agreement with DP World and our other partners, Expo 2020 Dubai will leave an economic legacy in the form of new business generation, GDP growth and job creation across the region.”


July, 2016

Iraq To Invite Foreign Investors To Fund Major New Port


Iraq will invite foreign companies to invest in the construction of the Grant Faw Port in the coming days, to offset the Arab country’s funding shortage, an Iraqi newspaper has reported.

Almada Arabic language daily said Iraq’s transport minister Abdul Hussein Abtan announced the plan during a visit to the Southern Umm Qasr port this week. Abtan said the new investment opportunities would be announced during a conference at Baghdad Airport within the next few days.

The Iraqi government plans for the new port to be fully commissioned within the next two years and contractors will be invited to carry out projects on a post-payment basis or joint operation. The Southern Faw Port will be one of the world’s largest container terminals according to design plans and will eventually have a capacity to handle 99 million tonnes of cargo annually. The port will include a 39km container quay and two km of berths along with a container warehouse and hinterland covering more than one million square metres.

The port is intended to cut sea freight journey times between Asia and Europe, using overland connections through Iraq and Turkey, bypassing the Suez Canal.


July, 2016

Evergreen Marine Gets 20-Year Extended Lease Of Panama’S Colon Terminal


Taiwan’s Evergreen Marine Corp announced it has won an approval to extend its lease of the Colon Container Terminal (CCT) in Panama for another 20 years.

The extended 20-year lease was approved on Wednesday by the government of Panama, ahead of the inauguration of the expanded Panama Canal on 26 June. Evergreen Marine stated in a news release that the extended lease of the container terminal will help improve its service and efficiency and consolidate Panama’s status as a transhipment hub in the Americas.

CCT can accommodate large containerships and it has three wharfs for small to medium sized boxships. With number 4 wharf being expanded to link to number 3 wharf, the entire docking length will be 780 metres, long enough to cater to two large ships of 12,000-14,000 teu. Two other wharves can accommodate ships of up to 5,000 teu.

Evergreen highlighted that with the joining of wharves 3 and 4, the total annual capacity at Colon port will increase to 2.4m teu from 1.5m teu.


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