Page 10 - ITLN-September-October-2024-Issue-for-Website

Cover Story
Indian
Shipping

recognised as a mainstream industry, “If you eliminate dry runs and the
causing financing difficulties. need for a container to return to an
“In India, the shipping industry empty depot, the business of empty
faces a significant disadvantage as depots will decline. The essence of Best of both worlds.
it is not recognised as a mainstream MatchLog is that it matches an import
industry, but as an ancillary one. This container already at a location where an
lack of recognition affects how banks export container is needed, either the
view shipping assets. For example, if I same day or the next,” he explained. DACHSER Air & Sea Logistics
want to purchase a vessel costing $30 “If a transporter is importing a
million, the bank would require me to Mercedes Benz, they transport the
provide collateral of equal value, plus loaded container from Nhava Sheva to
the vessel itself as additional security. Pune and then return it empty to Nhava
To secure $30 million in funding, I'd Sheva as part of the traditional cycle,
need to offer assets worth $60-65 with Mercedes Benz covering the entire
million,” he said. If you eliminate dry trip. Now, if I inform the transporter
“Such financing conditions discourage runs and the need for about an export booking in Pune itself,
business owners from investing in a container to return they could increase their revenue by
vessels. In contrast, in countries like 80%. Instead of just earning ₹30,000 on
Vietnam, even a farmer can purchase to an empty depot, the the import trip, they could add ₹28,000
a vessel with government-backed business of empty depots for the export trip, making a total of
financial support from banks. This kind will decline. The essence ₹58,000, all with nearly the same cost
of support is almost non-existent in of MatchLog is that as a one-way trip,” he added.
India, making it far more challenging it matches an import Prior to founding MatchLog,
for individuals or businesses to invest container already at a Taneja operated container depots and
in shipping,” he added. provided custom clearance services,
Jassper Shipping operates at location where an export gaining firsthand experience in the
three major ports on the east coast container is needed, either challenges faced by the industry.
of India - Kakinada, Gangavaram, and the same day or the next. This exposure led him to identify the
Krishnapatnam. The freight forwarding Dhruv Taneja problem of dry runs.
division of the company handles 800 MatchLog Solutions The company has onboarded
to 850 TEUs per month. The company over 6,000 transporters across key
also provides global shipbroking logistics clusters in India, enabling
services, handling around 2 million Dhruv Taneja, the Founder and them to improve utilisation and High seas and high fliers.
metric tonnes of cargo per year, CEO of MatchLog Solutions, explains, profitability. Beyond India, MatchLog
covering commodities like minerals, “When a container is imported into is expanding its operations globally
metals, and agricultural resources. India after the contents are unloaded at through partnerships, with plans to Whether you’re sending sea freight or air freight, when
In addition to its core shipping and the factory, the empty container needs enter markets like the Middle East,
freight forwarding business, Jassper to be returned to a container depot Southeast Asia, and Brazil. it comes to transporting your groupage shipments and
Shipping has recently ventured into near the port. Similarly, for an export India’s ambitious infrastructure your partial or full loads, DACHSER Air & Sea Logistics
the last-mile delivery segment, cycle, the empty container is picked projects, such as the Vadhavan Port, combines the best solutions from both worlds.
catering to the growing demand from up from a container depot close to the mark a significant leap in strengthening
e-commerce and quick commerce port and transported to the factory for its maritime capabilities. The
companies in India. loading the export cargo.” agreements with the UAE and the focus Since we offer everything from global transport consulting
There are also several Taneja estimates that around 9 on solutions like MatchLog’s technology to the operational handling of your freight on-site, you
insufficiencies and inefficiencies in the million containers are exported from signal a forward-thinking approach to benefit equally from the quality and safety of our air and
shipping industry that are now dealt India every year, and 50 percent of global logistics. The success of these
with by technology and its solutions. these are empty containers moving efforts could significantly influence sea transports.
For example, MatchLog Solutions is an in these dry runs. These dry runs, global trade dynamics, with IMEC
Indian logistics technology company where containers travel empty, lead poised to play a pivotal role in shaping Universal expertise.
which aims to eliminate dry runs to unnecessary carbon emissions the future of international shipping. A world of its own: Our experts in the field are fluent in
by matching import containers to and operational inefficiencies in the However, challenges such as
export bookings. Dry run refers to the logistics chain. regulatory inefficiencies and financial every customs language and are ideally placed to help
movement of empty containers back to Taneja points out MatchLog as constraints must be addressed you navigate the global jungle of regulations.
container depots after unloading the a replacement to empty container to fully realize India’s potential in
import cargo. depots. international shipping.
8 dachser.in
September - October 2024 www.itln.in

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