(Inhouse Magazine of WWL...

26
(Inhouse Magazine of WWL Group)

Transcript of (Inhouse Magazine of WWL...

(Inhouse Magazine of WWL Group)

Page No.

MD’s Message 3

Birthday Babies 4

New Faces & Exits 5

Celebrations & Events 6-10

News @ WWL 11-13

Worldwideans’ Voice 14-20

Articles:

Industry News 21

Personal Finance 22

Forward(er)s Corner 24

Dear Worldwideans,

Season’s Greetings! Our 17th Annual Day was celebrated with a great fervour. Those who went on a trip had a gala time. Other stations also celebrated in some way or the other. We had splashed an advt on the Industry newspaper – Shipping Times, which has a Pan-India circulation, to get a better visibility. Let’s take a resolve to carry our organization to greater heights in the years to come. Mr Sunil Mehta from our client, The Children’s Place, had visited Chennai Corporate on 23rd Feb. He was very impressed with our facilities and capabilities. We are almost nearing the end of the financial year. I hope all the business heads / HODs to put their heart and soul into their work and strive to achieve the maximum possible and meet the targets. We are meeting in Goa this week, for our Annual Budget. We should aim to surpass last year’s business and achieve overall excellence. I request Heads of business to prepare and present well. Also, please ensure, whatever we discuss and agree in the meeting is delivered, without any deviation. As we mature into an 18-year old organization, we need to go to the next level which is possible only with scaling up of our business. This is essential to remain in the industry and be profitable. Nomination always comes without an effort which is a value-add, but we need to be aggressive on the Sales front. The economy is bustling now and provides us with many possibilities and opportunities. So the challenge lies in maximizing the same. Management is ready to provide whatever support is required. I am happy to announce that our team (Rajesh & Manikandan) had won 2nd Runner Up in the Carrom Tournament organized by Air India Cargo Sales Team. I wish to congratulate them. This is just the beginning. I wish our players practice well and win the next tournaments in future. They can make use of the facilities in our Wreck, to hone their skills. Wishing you all the best! Best wishes,

Bala

Birthday Babies

SNo Employee Name Date of

Birth Location

1 Dhananjoy Maji 2-Mar Kolkata

2 Narender 3-Mar New Delhi

3 Anand T 7-Mar Mumbai

4 Sridharan S 8-Mar Chennai - Corporate

5 Vetrivendramani P 9-Mar Tuticorin

6 Rajesh M 11-Mar Bangalore

7 Sankpal Ashok C 15-Mar Mumbai

8 Kumar Swami Y 16-Mar Vizag

9 Venkatesh CR 16-Mar Chennai - Corporate

10 Belliraj G 18-Mar Chennai - Corporate

11 Veerabadran V 19-Mar Chennai - Corporate

12 Venkatesh R 27-Mar Chennai - Port Office

13 Suresh R 30-Mar Chennai - Corporate

14 Madhava Sakthi H 31-Mar Chennai - Corporate

15 Ranjit S 31-Mar Chennai - Corporate

WWL wishes them all a Happy Birthday!!

SNo Employee Name Branch Designation / Department

1 Ms Sweta Maurya Mumbai Sr Executive - Marketing & Sales

2 Mr Rajiv Kumar Singh Hyderabad Branch Manager

3 Mr Srikanth Chennai - Port Office Executive - Operations

SNo Employee Name Branch Designation / Department

1 Ms Pavithra N Chennai - Port Office Operations

2 Ms Carol Raymond Gonsalves

Mumbai Marketing & Sales

Annual Day Celebrations @ Corporate:

We had conducted special homam at our Corporate Office on Feb. 7th early morning with vadamalai and special pooja at Nanganallur Hanuman Temple throughout the day. Several employees were present for the pooja and prayers.

Get Together & Lunch:

We had a special get together with all Worldwideans on 7th afternoon. There were lot of

interactions and sharing of their experiences in the company. We all were treated to a sumptuous

lunch on banana spead.

Network & Partners:

Mr Vivek Kele, Director, TeamGlobal had sent his personal wishes on WWL’s Anniversary. The

flower bouquet was handed over by Mr Vijaya Raghavan from TeamGlobal and his team.

Apart from this, we received wishes on Email from various clients, airline partners

and Network Agents.

Annual Day Celebrations @ Branches:

Tuticorin Gandhidham

Gandhidham

Delhi

Bengaluru

Mumbai (Belapur)

Mumbai (Andheri)

Business Meetings:

Meeting with David Reynolds, ClearFreight, USA @ Bangalore on 1st Feb’18.

Mr Sunil Mehta, Global Logistics Manager – Asia from The Children’s Place, New Delhi, had

visited our Corporate Office on 23rd Feb’18 and had meetings with the Management.

Annual Day Tour – 2018:

South:

Entire WWL – South (except HYD & Vizag) had gone on a 2-day tour to Thekkady, a small hill town located in the border of Tamil Nadu & Kerala. All had a nice time with lots of fun. One of the highlights of the evening we gathered was the mini-movie entirely produced in-house, thanks to the core team comprising of Bharath, Madhava, Sridhar & N.Kannan. The star cast was perfect and everyone involved had put in lot of hardwork (after office hours & weekends), to bring out the best in them. The story was a hilarious spoof on some Tamil movies combined with a satire on the personalities we see in office daily. The entire effort has consumed 4 months of hardwork from the team. We salute their dedication & creativity and big cheers to them, for their next production. Photos can be found here: https://photos.app.goo.gl/poM3wJiXgRD6Dn0u2

West:

Westen Region celebrated the Annual Day at Kinny Farmhouse & Resorts at Malad West, Mumbai. During our 36 hour stay, they played outdoor and indoor games, team building games, danced to DJ music, clicked a lot of pictures and had the felicitation ceremony for long service awards.

Photos can be found here: https://photos.app.goo.gl/bicSAlxAL0cVbym42

North:

Delhi region team celebrated the Annual Day at Dalhousie. It’s a high-altitude town spread across 5 hills near the Dhauladhar mountain range in Himachal Pradesh. When you see the photos, you can actually feel the exuberance of the team. Paragliding was one of the major highlights of the trip.

Photos can be found here: https://photos.app.goo.gl/chR7cQbRD1EUrb6E3

Blood Donation Camp:

We had organized Blood Donation Camp on 17th February 2018, which saw a good participation from

the Worldwideans in this noble cause, with 32 employees donating blood. We had sponsored lunch

for all the donors who also received a certificate.

We plan to conduct a general Medical Camp on 17th March 2018.

"Joie de Vivre" - N. Bharathwaj

Hellooooo Worldwideans !!!!

Could see that there were great celebrations across the country for the 17th annual day. The

celebrations down south were just wonderful and would have undoubtedly left a lot of people

with memories for life.

I did leave you all with a strange French phrase “Joie de vivre”, just as how these daily

soaps (or mega serials in our parlance) end wanting you to wait for the next day. It is not to

say that there are people waiting to read my article for Feb magazine, though the intention

was definitely to make people a bit curious.

Here is the net definition of “Joie de Vivre”.

-----------------

Joie de Vivre is the concept of enjoying life with enthusiasm, tackling every day with energy

and finding the good in everything.

"Joie de vivre" (or the "joy of living") is an expression for a rare quality that simply shines

forth in some people, ability to love life to its fullest and to reflect this in both personality and

deed. Unfortunately, for many of us, the hustle and bustle of everyday life can wear us down

to a pile of complaints so that all we see is the less joyful side of things, and we sidestep joie

de vivre under piles of duty, worries, and the occasional catastrophe. Yet, recapturing love

and enthusiasm for simple things in life, a quality that came effortlessly to us as children, is

important for our sense of well-being and fulfillment. It is not about being 'happy', a word

rooted from happenstance, fully dependent on the situation. But being joyful comes from

something deep down.

Joie de vivre cannot be bought, nor can it be sourced from an endless obsession for

acquiring things we don't yet possess; and it most certainly cannot be found in increasing

our work obligations without really thinking about where doing this takes us. Joie de vivre is

about unburdening ourselves from want, and rediscovering the simple joys of life and of

noticing the small things that matter. Inspiring your joie de vivre begins here.

-----------------

The above looks more like the innumerable good morning messages that we receive in

WhatsApp, which we do read but seldom use.

“Joie de Vivre” at Work? Sounds crazy?

Do you know that there is a country in the world, which doesn’t use GDP as a measure of

growth but rather uses a measure called “GNH”.

-----------------

Gross National Happiness (also known by the acronym: GNH) is a philosophy that guides

the government of Bhutan. It includes an index, which is used to measure the collective

happiness and well-being of a population. Gross National Happiness is instituted as the goal

of the government of Bhutan. GNH is distinguishable by, for example, valuing collective

happiness as the goal of governance and by emphasizing harmony with nature and

traditional values.

-----------------

Well, if a country can dream of it, why can’t we as a company look at it? Already a number of

companies, which are implementing sustainability practices in business, have been inspired

by GNH. It takes its root from the fact that Happiness is a fundamental human goal.

“Happy Worldwideans” is merely an extension of this fundamental human goal. By having

this at the core of our vision, we seek to align the personal goals with the vision of the

company.

Well here again I must chip in that this is not going to be the responsibility of management or

HR department or any individual. It is the collective responsibility of all the employees. I am

not going to sit back and say “please make me happy as it is the vision”. I have more

responsibility towards ensuring that I contribute every single day to the mirth and joy of my

colleagues. Here is a story to understand better:

-----------------

Once a group of 50 people was attending a seminar. Suddenly the speaker stopped and

decided to do a group activity. He started giving each one a balloon. Each one was asked to

write his/her name on it using a marker pen. Then all the balloons were collected and put in

another room.

Now these delegates were let in that room and asked to find the balloon which had their

name written, within 5 minutes. Everyone was frantically searching for their name, colliding

with each other, pushing around others and there was utter chaos.

At the end of 5 minutes no one could find their own balloon.Now each one was asked to

randomly collect a balloon and give it to the person whose name was written on it. Within

minutes everyone had their own balloon.

The speaker began— exactly this is happening in our lives. Everyone is frantically looking for

happiness all around, not knowing where it is.

Our happiness lies in the happiness of other people. Give them their happiness; you will get

your own happiness.

-----------------

Please spread positivity in the workplace. Isolate negativity. A warm greeting in the morning

or even a small smile will help us to travel happily. Even the aroma of fresh coffee or a hot

biriyani can bring us joy even though it is short-lived. But it is important to stop and savour

that moment even if it is for a minute. Celebrate even a small success either our colleague’s

or ours and be generous in compliments.

There is no set formula to achieve this vision. If we can bring smile to the face of at least one

colleague every day, I am sure that we have done our bit for the day towards our vision to

have a happy work place. Spirit is addictive and if positivity is mixed, we probably have the

elixir for a happy work place and life. It is important that every Worldwidean understands,

accepts, embraces and also strives to achieve this vision.

Are we ready?

Well I am beginning to feel like a philosopher or a Guruji after writing this article. Let me

enjoy my moment of enlightenment.

Cheers !!!

-----------------

Happiness isn’t about getting what you want all the time. It’s about loving what you have and

being grateful for it.

-----------------

WWL Team came as 2nd Runner up (3rd prize) in the Carrom Tournament organized by Air

India Cargo Sales on 24th Feb. Congratulations to our team members – Rajesh &

Manikandan. More info and photos will be shared in the next issue.

Proud Achievement:

My son Kavish H Gandhi was awarded the First Rank as Bright Student, for the last Academic

Year 2016-17. He is now studying in 5th Std.

- Harshil Gandhi, Ahmedabad Branch

We wish him to get many more such awards and do well in studies.

(Pls click to enlarge & read)

Top 10 Shipping Lines Control Almost 90% of the Deep Sea Market

Based on latest containership databank and excluding intra-regional markets, we count 67 shipping lines operating fully cellular containerships in the container shipping industry. However, more than 87% of fleet capacity is controlled by only 10 of them, representing just fewer than 7% of the total lines. At the top of the list is now Maersk Line. Having acquiring Hamburg Süd in December 2017 it has surpassed its Alliance counterpart Mediterranean Shipping Company (MSC). Maersk’s capacity is now estimated to account for over 21% of the global market (excluding intra-regional), as shown in the following figure.

Looking back only four years ago, before Maersk Line and MSC formed the 2M Alliance starting de-facto the wave of consolidations and Mergers and Acquisitions (M&As), shares amongst the lines were more evenly spread. Over the last four years, we estimate that the top 10 shipping lines have seen their combined market share increase from 68% to 83%. During the same period, the top 10 lines have seen their deployed capacity increase from some 55m TEU to 86.7m TEU. Apart from the formation of the 2M Alliance, the other key consolidations and M&As characterizing this period have been as follows:

CMA CGM’s acquisition of APL in September 2016. The French carrier has since enlarged its fleet from 1.7m TEU May 2016 to 2.4m TEU in January 2018 now accounting for 13.7% of the total global deep-sea fleet capacity.

The Alliance: an East-West alliance consisting of Hapag-Lloyd, K-Line, MOL, NYK and Yang Ming, began operations in April 2017.

Ocean Alliance: which began operations in April 2017 is an East-West alliance involving CMA-CGM, COSCO, Evergreen, OOCL.

Maersk completed its purchase of Hamburg-Sud in December 2017. Hamburg-Sud purchased CCNI in 2015. Hapag-Lloyd acquired CSAV in December 2014 and more recently UASC in 2017.

The cycle of consolidations and M&As is far from over. Orient Overseas Container Line (OOCL) is to become part of China Ocean Shipping Company (COSCO) sometime this year; their combined share in the deep sea trades is estimated to be around 12%. In April 2018 the container divisions of Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha (K Line) will merge, forming a joint venture called Ocean Network Express (ONE). We estimate their combined share of the deep sea trades to be 8.7%.

With fewer lines dominating the market, it is justifiable to pose the questions ‘Is there enough competition? What is happening to the smaller lines?’ Tables 1-3 illustrate the major changes in the networks offered by the lines in the last four years. The tables show that the larger the line, the easier it is to change the network it can offer, which translates into more flexibility and adaptability to changing market conditions, putting the smaller operators under increasing pressure. On the major three East/West routes, the market is dominated by the three alliances although at different magnitudes. The following three charts show that, on the Asia-Europe routes, lines that are not part of alliances account for just 1% of the total deployed capacity, whereas on the Transpacific and Transatlantic routes, they account for 11% and 17% respectively. On the Transpacific trade, the Ocean Alliance is the dominant player with a deployed capacity share of 41%, followed by The Alliance with 28%. The 2M Alliance’s share of 20% is less than half of the Ocean Alliance deployment and, at 11%, the Transpacific has the highest non-alliance market share of the East-West trades. With a deployed capacity share of 44%, the 2M Alliance is the largest alliance on the Trans-Atlantic trade lane. The Alliance is second with a capacity share of 31% with the Ocean Alliance in 3rd with 18%. 2M Alliance leads the way in terms of deployed capacity share on the Asia-Europe route at 40%. Following closely is the Ocean Alliance at 36%, whilst THE Alliance deploys 23% of the capacity on this trade lane. Looking at the three major East-West trade lanes combined we see that the Ocean Alliance at 36% is the largest by deployed capacity, next is the 2M Alliance with a share of 32%. The Alliance contributes 26% of the market share whilst the remaining 6% consists of the non-alliance members. On the individual routes, we notice that M&As and consolidations could indirectly offer opportunities for small players. For instance, the strict conditions imposed by the Regulatory Authorities on Maersk operations after the acquisition of Hamburg Süd have offered the chance for a small line, in this case Pacific International Lines (PIL), to launch a service between Asia and South America EC. However, the longevity of this kind of services is far from certain as they will be subject to rates volatility. T. Senniappan, Coordinator – Operations, Coimbatore Branch

Following the overwhelming response from the Nepal trade and shipping lines to carry out third country shipments via Visakhapatnam Port, more new importers and increased cargoes are finding their way to the port city bound for Nepal. The response from Nepal trade has been very good and till date 36 trains have departed for Nepal over the last six months, with momentum being gained since the beginning of this year with 12 rakes railed out in January and 7 already railed out in February till date, virtually a train every third day.

GatewayRail recently achieved yet another milestone by starting a weekly dedicated train service, for Williams Sonoma, from its ICD Faridabad to Pipavav Port. The first train was flagged off on February 12, 2018. It’s a collaborative effort between GatewayRail, Maersk Line and Damco (Maersk T&L team) and APM Terminals Pipavav towards a Scheduled Service Regime. There is a long-standing demand of the trade for transit assurance by intermodal operators. However, at present, Indian Railways, the primary service provider, does not give any transit time guarantees, resulting in uncertainty about shipment schedules.

With regular vessel calls at Kakinada Container Terminal (KCTPL), an immense interest is being developed among the trade. As part of this, another consignment of palm crude oil in containers (50 x 20’ units) arrived from Malaysia recently on the vessel Lily Star operated by Orient Express Lines. Maxicon is the carrier which took the initiative to facilitate this shipment into Kakinada with the support of Nava Bharat Ltd, the importer of the cargo.

Following the announcement of the 2018 service network in December, the members of THE Alliance—Hapag-Lloyd, Ocean Network Express (ONE) and Yang Ming—have worked to refine the product offerings. Several services will see additional enhancements to improve transit times, boost reliability, and deliver more choice to the marketplace. “The fine-tuning of the 2018 product package will further strengthen our already robust portfolio and allow THE Alliance members to provide enhanced value tailored to exceed the need of the marketplace,” the members said in a statement. List of services available here: http://www.maritimegateway.com/alliance-refines-product-offerings-2018/

PSA’s Bharat Mumbai Container Terminals Pvt Ltd (BMCT) is continuing on the growth path with the arrival of Hapag-Lloyd’s Express Rome at the terminal, marking BMCT’s second weekly service call and its first direct Europe service.

Fixed deposits or Liquid funds: Where to park your surplus for steady returns

If you need liquidity along with steady returns, short-term liquid funds could be a good option, though returns are not guaranteed as in FDs.

It’s always nice to have a bit of spare money with you at the end of the month, even if it is not a lot. However, have you given a thought on what do with those extra savings left in your bank account? Keeping it lying idle is not the best thing to do. The money needs to be invested so that it grows. That little spare money can eventually lead to a lot of wealth creation if invested wisely.

However, if you are a risk-averse investor, two of the main choices to park your money is bank fixed deposits (FDs) and liquid mutual funds. If you are choosing between the two, you should understand which one suits your financial requirement. Fixed deposits are offered by commercial banks, including small finance banks. On the other hand, if you need liquidity along with steady returns, short-term liquid funds could be a good option which might give you slightly higher returns, though not guaranteed as in FDs.

Whether it is an FD or liquid funds, investing your surplus is always a good idea. “From fixed deposits to liquid mutual funds, you can choose whatever saving scheme that works best for you. A small amount can go a long way if invested regularly and in the right way.

Here are some salient features of FDs and liquid funds that can help you decide your investment.

Fixed Deposits

FDs, which are also termed called term deposits, is one of the most common and preferred investment avenues for many. Besides earning interest you can get a tax benefit if it is kept for 5 years or more. Fixed deposits are a handy way to make sure we earn that little bit extra instead of leaving the money lying around in a savings account.

Here are some features of FDs you should know:

The bank will inform you the rate of interest you will earn on the FD.

You need to select the duration of the FD before you start

Most banks offer durations of as little as 7 days and up to 5 years.

There may be penalties if you break your FD before the deposit tenure opted for.

Interest earned on FD is taxable above Rs.10,000.

Your bank may deduct TDS before paying out any interest due to you on the FD. However, if the TDS rate is lower than your personal tax rate, you are liable to pay interest on the FD when you file your tax returns.

Currently, the best FDs are providing returns between 7% to 9%

If you’re over 60 years of age, you should ask your bank for any preferred rate available to ‘Senior Citizens’ because senior citizens generally get a higher interest rate on FDs.

FDs are one of the safest investment options. “The Deposit Insurance and Credit Guarantee Corporation (DICGC) automatically insure you up to Rs 1 lakh per customer across all branches of the same bank. But this overall limit applies to all your balances with the bank – savings accounts, current accounts, as well as Fixed Deposits,” said Bajaj.

Liquid Funds

For financial security, you should always save 3 to 6 months of the deposits in a bank account or in liquid funds as emergency funds. If you’re thinking of parking your money for the short term, you can also consider liquid mutual funds. Liquid funds are an ideal alternative to fixed deposits because that they invest in low-risk debt and money market securities. The income earned by the mutual fund is then passed on to the investors in that mutual fund.

Here are some features of liquid funds you should know:

These are debt mutual funds with no lock-in period.

The money is invested in money market instruments like a certificate of deposits, treasury bills, commercial papers and term deposits.

The underlying assets have low maturity period and provide you low-interest rates.

You can enter and exit from the scheme anytime. Moreover, funds have no entry load and exit loads Returns are higher than bank savings account, though are not guaranteed

Currently, best liquid funds are providing returns between 8 to 10%

Liquid Funds do not provide any guaranteed returns; however, a well-run liquid fund is generally considered as safe as fixed deposit and generally beat the interest rate earned on FDs of similar duration.

“You have the flexibility to redeem your money within just one working day with no penalties for early withdrawal, and the convenience of switching your money into other mutual funds as and when you feel like,” said Bajaj.

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