vridhi times
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www.vridhimaritime.com | April 2020 1
VRIDHI TIMES
Vridhi Maritime Pvt. Ltd., No.25/12, Lake area, 2nd floor,
2nd cross street, Nungambakkam, Chennai – 600 034, Tamil Nadu, India.
+91 (044) 46877444
Copyright © 2017 Vridhi Maritime Pvt Ltd. All rights reserved
www.vridhimaritime.com | April 2020 2
Spirit of the sea
Maritime capitals
Port & Starboard
Impact of Covid-19
Tax planning
5
6
14
20
17
Editor’s Note
Welcome to the “Spring 2020” edition of Vridhi Maritime’s newsletter.
The journey of a Lifetime starts with the turning of a Page.
HAPPY READING N.Rajeswari,
Editor.
www.vridhimaritime.com | April 2020 3
Message from MD .......... 4
Spirit of the sea ........... 5
Maritime capitals ........... 6
Preparation for low GWP refrigerants ………. 10
Nano Extinguisher for electric fire ………. 12
Visit to diamond star ………. 13
Why do ships use “port” and “starboard”
instead of left and right ………. 14
Tax planning ………. 17
Impact of COVID 19 to seafarers ………. 20
How to control your mind and stay
motivated – COVID 19 ………. 22
Time Management ………. 23
Social Responsibility ………. 27
Trainings ………. 28
Celebrations ………. 29
Table of
www.vridhimaritime.com | April 2020 4
Who are we and what’s our identity?
In this world filled with billions of people, we are all trying to prove ourselves into the
world how we are so unique….We accumulate certificates and degrees from top
institutes. We work towards designations and promotions. We celebrate achievements
and accolades. We edit our profile on social media with all the fancy titles.
Are these institutions/ designations / accolades our identity ?
I am no less guilty of using identity throughout my life…the Navy ,Seafaring,
Captain Etc. all prominently part of my profile. Hell, even some of my awards are
right on my work space wall hanging !
But here`s the truth-”none ” of it is my identity.
These are all nothing more than establish a strong network and reliability. In addition,
maybe act as pointers to some trust for new people who look at us...
This is what we confuse as identity many times, and do too much to “safeguard”.
Our only true identity is who we are striving to be at the current moment. It’s
complete immersion into work at hand. It’s fairness in how we are with people. It’s a
value we live by. It`s the self-awareness we work towards…
Not the roles we play Or the titles we have…
Message from MD
Capt. Arun Kumar
www.vridhimaritime.com | April 2020 5
he Sea has always been a mystery, many great men have ventured into it and have been consumed by this mystery. Few of the great have set the path for our present generation to follow. If we look at things from a
skeptic’s eye, only an insane mind would venture into such unknown.
However, the beauty of the Sea overcomes such insanity and drives a great mind to venture into the sea.
Present day the Spirit of the Sea and The Art of Navigation has been replaced by rules of the sea and science of navigation.
This has brought in a lot of stress due to lack of Job satisfaction. To the Novice the sea has lost its charm the
reason for this is us the old timers that have made this beautiful journey into just numbers and dollars. At present the general idea for all at sea is a belly full and a good sleep, most seafarers would envy an animal resting. But as the wave falls so dose it rise, giving a new day a new Mystery. Such beauty and wonder can be experienced only out there.
Despite the Hardship, we need to keep alive the Spirit of the sea and the Art of Navigation.
For future generations to come enjoy the wonders of the sea.
The key element is the human factor, to keep smiling and make the day from hot to warm and cold to cool. We at VMPL Ship Management strive to enable this and bring smiles to our team and make great working environment Greater.
T
Spirit of the sea
Capt.Raj, Marine Supt.
www.vridhimaritime.com | Spring 2020 6
Lead
ing
Mari
tim
e c
itie
s o
f 2019
Singapore tops list of leading maritime capitals for fourth time
As a leading international maritime centre, Singapore aim to develop a comprehensive range of maritime ancillary services to provide one-stop service for all port, shipping and maritime activities.
There are currently over 5,000 maritime companies in Singapore - including more than 130 international shipping groups - forming an important anchor for our international maritime centre.
Recognising that shipping is a capital-intensive business, Singapore have introduced several schemes to support the growth of shipping companies. These include the Maritime Sector Incentive Scheme, which helps shipping enterprises grow their businesses in Singapore.
MARITIME CAPITALS
www.vridhimaritime.com | Spring 2020 7
The Future of Maritime
Looking ahead, Singapore will continue to maintain our competitive advantage by refining and enhancing our service offerings in the following areas:
Ship management
Ship financing
Marine insurance
Ship broking
Maritime legal services
Maritime and offshore engineering
Singapore has again clinched the top spot in a biennial ranking of the world's leading maritime capitals for the year 2019, the fourth time it has done so.
The Republic has consistently topped the Leading Maritime Capitals of the World
report - released once every two years by risk management firm DNV GL and consultancy firm Menon Economics - since 2012 when it was first published.
Maritime capitals
www.vridhimaritime.com | Spring 2020 9
Coming in second was Hamburg in Germany, with Rotterdam in the Netherlands placing third. Hong Kong was in fourth place, while London came fifth.
The report assessed 15 maritime capitals based on five areas - shipping, maritime finance and law, maritime technology, ports and logistics, as well as attractiveness and competitiveness.
Singapore's port is one of the world's busiest, with container throughput hitting 36.6 million 20-foot equivalent units and vessel arrival tonnage hitting 2.79 billion gross tonnes last year.
Singapore topped the list in three areas - shipping, ports and logistics, and attractiveness and competition.
The report took in the views of 200 maritime experts, who predicted Singapore would retain its top spot over the next five years.
However, they noted stronger competition from other cities such as Shanghai, which they tipped to rank second to Singapore in five years because of the growing influence of China's economy.
Also highlighted in the report was Singapore's ongoing efforts to strengthen its attractiveness as a maritime centre, which have been well received by the industry.
The strong results on both the objective indicators and expert assessments affirm (Singapore's) relevance as a critical node within the maritime sector regionally and globally," said the Maritime and Port Authority of Singapore (MPA) in a statement.
However, for maritime technology, Singapore placed eighth - a drop from the second-place ranking it clinched in 2017.
DNV GL Maritime regional manager Shahrin Osman (co autor of the report )said this was because the report looked at factors such as the amount of equipment produced, as well as the value of assets delivered.
In these areas, cities like Oslo in Norway and London - which came first and second respectively for maritime technology - are "well ahead" of Singapore
Maritime capitals
D.Ravi shankar, Fleet Manager.
www.vridhimaritime.com | Spring 2020 10
The Council of the European Union has passed the revised F-gas regulation into law, and this will hit the refrigerants used on board. These regulations are specifically designed to reduce the use of Fluorinated Greenhouse gases (F-gases, or HFC’s). The aim for the regulation is to protect the environment by reducing the amounts of HFC’s (HydroFlouroCarbons) leaking into the atmosphere and contributing to the Greenhouse effect. These regulations are against high-GWP refrigerants like R-404A and R-507. With R-404A is the most used refrigerant on ships these days, shipping companies are forced to switch to eco-friendly refrigerants with lower GWP to ensure long term compliance and stable refrigerant supply in future.
EU has limited the amount of high-GWP refrigerants available in market. This affects all the EU countries, and ships carrying an EU flag. HFC’s with a GWP of 2 500 or more
will be prohibited from January 1, 2020 in new systems and for topping up of existing systems. Reclaimed and recycled refrigerants will be permitted to be used for
existing systems until 2030. However, in the years to come there will be a reduction in the amount of HFC’s being made available in EU. In 2015, the amount of HFC’s was capped at 2009 – 2012 average volume of CO2 equivalents. From 2016 until 2030 there will be a stepwise reduction according to below graphs. In other words the EU is aiming to reduce the amount of greenhouse gases from 100% in 2015 to 21 % in 2030.
PREPARATIONS FOR LOW GWP REFRIGERANTS
www.vridhimaritime.com | Spring 2020 11
With the phase out of the high GWP HFC’s we need to look at the options to replace them. There are numerous replacements for R404A available - most of them with a much lower GWP than 3922. However, those refrigerants are either not compatible with existing systems at all or they will incur huge retrofitting costs. At WSS, we recommend Unicool R407F as the drop-in replacement for R404A in existing systems, after testing extensively all the options available.
R-407F offers almost identical performance to R404A, both refrigerants use the same
type of oil. R-407 contributes 53% less GWP that of R-404. Both refrigerants have similar properties and test results show that we can add R-407F to a system running on R-404A with no loss of performance, or compatibility issues when it comes to the compressor, evaporator or condenser. So with decline in availability of gasses with high GWP, especially R-404 in market the costs are expected hit high, ship owners are likely to turn towards low GWP environmentally friendly refrigerants. R-407 would be our future low GWP environment friendly refrigerants for future.
Preparation for Low GWP refrigrarants
D.Ravi shankar, Fleet Manager.
An evanescent charm
She moves swiftly in the flash of an eye, Eluding her admires and adversaries She glides swiftly with glee across woodlands & grasslands
She slides across sweet scented flowers, shifting from one to another questing for the divine nectar Unfazed she lifts around streams and rivers with an enticing divine charm
Resting on the silky flowerbeds, she stretches her iridescent wings in the resplendent rays of the sun While swaying with a sweet serenity she invokes the spirit of joy
Soaring in the warm limelight, she dazzles all her way shining through clouds Flickering around, she spreads tranquillity to the universe, filling one’s soul with love & hope
Finally, she fades into strands of thin air with an evanescent glow. Sparkling all her way reminding her eternal presence throughout the bay.
R. Hanumitha,Class XII
D/O D.Ravishankar.
www.vridhimaritime.com | Spring 2020 12
Every seafarer knows that fire is one
of the dangerous emergency we face on
board. According to research, fire outbreaks
are among the most frequent causes of
accidents at sea, in parallel with grounding,
collision. Every seventh fire outbreak results
in the loss of life, and it was established
that the most frequent outcome from a fire
was damage to the vessel and inability to
proceed with the journey.
Today with advent of technology
most of the machineries are automated
these days leaving engine room unmanned.
A failure or malfunction within electrical
components of equipment or machinery
can cause electrical fires. Electrical fires
originate in electric wires, cables, circuit
breakers, which are found in plenty on
board ships. And looking out for fire from
these components all time becomes a
tedious job.
MICROCAPSULATION; It is a process in
which tiny particles or droplets are
surrounded by a coating to give capsules.
NANO TECHNOLOGY paving way to working
with particles with size of smaller than hair
human hair, Micro capsules are made with
products which store fire extinguishing
agent and supress fire when the designed
temperature is reached. A polymeric shell
of microcapsules retains the fire retardant
compound and destructs strictly on
reaching the set temperature, releasing fire
suppression agent and making each
individual microcapsule a micro standalone
fire suppression device. Many
microcapsules are added together to form a
sheet that can be used to fight fires which
occur in areas which cannot be examined
regularly due to their position and size.
Terminal boxes and circuit breakers are
mostly a closed boxes these sheets can be
kept inside boxes which makes it a closed
environment. In case of fire polymeric shell
gives off when set temperature reaches and
the boxes are fully filled with gas that cools
the environment and removes the flame.
This gas composed of chemical HFC-227ea,
HEPTAFLUROPROPANE (CF CHFCF33) which
is low volatile and toxic and is chemically
less harmful to humans and environment.
These fire suppression systems are widely
used these days because of their size and
flexibility, these microcapsules are available
in smaller size they can even fit in our plug
NANO EXTINQUISHERS FOR ELECTIC FIRE
www.vridhimaritime.com | Spring 2020 13
points. Shipping fraternity has always
accepted new technologies to make ships
safe, shipping companies and authorities
should examine this type for systems for
their compatibility on-board ships and
implement it for safer ships.
have never seen a ship closer
other than seeing it in the movies
and a long view from the beach
shore side. First time entering into ennore
port and was completely thrilled to see her.
At last I saw her and she is calm and still at
the port. Wow she looks prodigious. I
entered the gang way and went inside. The
feel of the ship started, it’s a reeling
sensation. I was asked to wait in the waiting
area in the ship. I should say that the
conviviality of the people in the ship was
just awesome. They treated me very well
and took me through the ship through
various decks. Have seen various type of
rooms which they have it allocated rank
wise. Also saw the dining area, kitchen,
gym, food storage, bridge wings and
the main area which is navigation
deck. The beautiful place/area of
the ship, from where I have seen its
beauty from top. I wonder how
come a person can run such a huge
ship, hats off to captain and team.
Post lunch an engineer who took me
through the three floors of the engine
room, explaining each parts of the engine
and its functions, from the top till the
propeller area. I saw the process of
unloading the coal from the ship to the
respective area through huge machineries.
Spent some time in the navigation deck and
time has come to leave her from the port. It
is a great pleasure in sharing my first ever
experience about a day visit to diamond
star.
I
Visit to diamond star
Durgaram, MD office & Admin.
Rizwan, Fourth Engineer.
www.vridhimaritime.com | Spring 2020 14
These are actually nauticalterms which refer to the left and right side of the ship respectively,
when you are looking towards the Bow (the front of the ship –also known as Fore / Forward).
The rear of the ship is termed as Stern (also known as Aft).
In the early days of boating, before ships had rudders on their centerlines, boats were controlled using a steering oar. Most sailors were right handed, so the steering oar was placed over or through the right side of thestern. This meant that the steering oar (which had been broadened to provide better control) used to be affixed to the right side of the ship.
In the mid 15thcentury sailors began calling the right side the steering side, which soon became "starboard" by combining two Old English words:stéor(meaning "steer") andbord(meaning "the side of a boat").
The term starboard derives from the Old English steorbord, meaning the side on
which the ship is steered. From the Longboat museum in Oslo it islearned that a Viking longboat was steered by a large wooden plank called a “steer board”. The modern dayequivalent is a “tiller” or “rudder”.
Why do ships use "port" and "starboard"
instead of "left" and "right?"
Port and starboard
www.vridhimaritime.com | Spring 2020 15
As the size of boats grew, so did the steering oar, making it much easier to tie a boat up to a dock on the side opposite the oar. This side became known as larboard, or "the loading side." This gave rise to “larboard” in the 16th century, rhyming with “starboard”,
This is from Middle English ladebord and the term lade is related to the modern load.
Over the time, The term larboard, when shouted in the wind, was presumably —too easily confused with starboard. Since the steering oar was on the right side of the boat, it would tie up at the wharf on the other side.
After all, this was the side that faced the port, allowing supplies to be ported aboard by porters.
This meant that the steering oar (which had been broadened to provide better control) used to be affixed to the right side of the ship.
Around the early to mid-19th century the term Port was derived from the practice of sailors mooring ships on the left side at ports in order to prevent the steering oar from being crushed.
Another version is that, in the olden days before the advent of maps, navigation was done by following the arrangement of stars in the sky.
Port and Starboard
www.vridhimaritime.com | Spring 2020 16
Usually, old sailing ships had long masts & sails which disturbed the visibility of the helmsman and the sailors arranged a deck extending out on the right side to watch the stars & continue sailing.
So one person on the ship used to read the location of the starts sitting on the deck & convey the same to the Helmsman. The deck that was used to look at the stars and decide the sailing route was termed as starboard deck. Because of this extended deck on the right side, only the other side of the ship could be brought towards the port and it was named as port-side.
Once the modern center post rudder was developed, it was no longer necessary to dock with the vessel’s port-side to port. Ships now dock starboard or port-side alongside.
Another bit of interesting information is that the Starboard side has Green navigation lights and port side has Red navigation lights and the Aft of the ship has a white light. Even the aircrafts are lit the same way.
Since port and starboard never change, they are unambiguous references that are independent of a mariner’s orientation even the aeronautical industry use the same terms. Thus, mariners use these nautical terms instead of left and right to avoid confusion. When looking
forward, toward the bow of a ship, port and starboard refer to the left and right sides, respectively.
Port and Starboard
ARTIST CORNER
Capt.Arun kumar
Capt. Harsh Kapoor, Marine Supt.
www.vridhimaritime.com | Spring 2020 17
In common parlance the terms planning, evasion and avoidance may be used interchangeably but actually each of these terms has a different meaning associated with it.
Let’s break them down one by one
and understand how to avoid getting on the bad side of the law when planning your taxes.
Tax Planning is the art of reducing the tax liability of a person by making use of the various provisions of Law. The govt. in many cases provides various deductions and
exemptions which can be used by a person to reduce his tax liability.
For example, whenever you pay the premium of your life insurance policy or pay for your kid’s education or donate to a charity, you are essentially saving your tax. At the time of filing your return, you can
proudly claim these exemptions and deductions from the IT Department. These provisions are provided by the government to incentivize savings and investments in the economy.
Tax savings is completely legal and encouraged by the government.
Tax planning
TAX PLANNING, TAX AVOIDANCE, AND TAX EVASION: ARE
THEY THE SAME?
www.vridhimaritime.com | Spring 2020 18
Tax Avoidance basically means making use of the loopholes in the Tax Law to one’s own advantage to reduce the tax burden. It also includes structuring your income in a way to get around paying too many taxes.
Tax avoidance techniques are generally within legal boundaries but may be controversial in nature. Therefore, tax avoidance is treated as a gray area and is a constant subject of dispute among taxpayers, authorities, and judiciary.
Tax avoidance is practiced in many forms like establishing offshore units in tax havens and channeling profits through them or carrying out transactions through offshore subsidiaries to avoid attracting tax in India.
A classic example of tax avoidance happened in 2007 when Vodafone plc took over Hutchinson Essar to create a stronghold in the Indian telecom industry. Vodafone, through its subsidiary company, acquired Hutchinson Essar Ltd.’s stake from Hutchinson’s holding company. This indirect transaction took place far away in the Cayman Islands. Instantly, the question of the Indian Income Tax Department’s jurisdiction over this transaction arose. In 2012, the Supreme Court passed the judgment in favor of Vodafone and all the government saw were Rs. 20,000 cr. in lost taxes and fines that they would’ve eventually charged from Vodafone.
Tax avoidance, as you can see, is within the boundaries of the law but it defeats the purpose of laws and regulations by killing their very spirit.
Tax evasion involves breaking the law, not paying one’s taxes where the law clearly states that they must be paid. Tax evasion is the method by which a person illegally reduces his tax burden by either deflating their income or inflating their expenses. Both deflating the income and inflating the expenses have the same impact that the profit gets reduced as a result of which the tax burden also gets reduced.
Also, dealing in cash without proper disclosure in books of accounts or avoiding tax payments where the law specifically states that they must be paid are some other forms of tax evasions.
Sometimes there is a very thin line between meticulous tax planning and tax evasion so below are some general pitfalls that you should keep in mind when saving your taxes this year.
1. Interest on savings bank accounts is
chargeable to tax over the exemption limit of Rs. 10,000. The assesse may have this income generating from different accounts, but even then it is taxable as a common PAN number is associated with these accounts.
Tax Planning
Tax planning
www.vridhimaritime.com | Spring 2020 19
2. HRA claim and Housing Loan benefits
don’t go together! This is a common mistake done by salaried individuals. You cannot claim both HRA as an exemption and repayment of housing loan as a deduction when filing your return. This is only allowed under certain conditions and is not allowed for everyone.
3. When transferring your investments in the name of a minor or spouse keep
in mind that any income generated out of such investments will eventually be clubbed in your hands when filing your yearly ITR. The IT department makes sure that one cannot avoid paying taxes by transferring income generating instruments to his children or wife.
Conclusion:
The present government is in hot pursuit of tax evaders. Its message to the evaders is: no matter how far you run away, we will get you. Not content with deploying Big Data to find out the evaders, now the government has amended rules to go after runaway evaders. The new rules empower the taxman to use banking, insurance and municipal corporation's database to obtain address of a 'hiding' or an 'untraceable' income tax
defaulter for issuance of notices or summons to them and extract due taxes.
Till now, tax authorities could only issue notice to a defaulting or erring taxpayer as per the address provided by them in their PAN (Permanent Account Number), the ITR (income tax return) or any tax-related communication. This address database was not helping I-T authorities as they say the assesse either genuinely changed their address and did not notify them or cleverly went into hiding to evade due taxes.
The government's plan to use data obtained from the Goods and Services Tax (GST) filings to track those who are escaping income tax is one more step towards pinning down the tax evaders. The government wants to create a database whereby income of companies and their promoters could be matched with that of the GST returns filed. This is the first time the government would be tallying indirect tax data with income tax filings in such a big way. Unlike the earlier tax regime, GST leaves a trail, especially for the business of size. Collating this data trail with income tax will make it hard to underreport income or exaggerate expenses.
Port and Starboard
Tax planning
J.K.Tyagarajan CFO
www.vridhimaritime.com | Spring 2020 20
COVID-19 is the infectious disease
caused by the most recently discovered
coronavirus. This new virus and disease
were unknown before the outbreak
began in Wuhan, China, in December
2019. The disease can spread from
person to person through small droplets
from the nose or mouth which are
spread when a person with COVID-19
coughs or exhales. Common signs of
infection include respiratory symptoms, fever, cough, shortness of breath and breathing
difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory
syndrome, kidney failure and even death
The World Health Organisations
categorised the COVID-19 as a pandemic
on 11 March of this year. Like a domino
effect, country after country went into
lockdown and airline companies started
to ground their planes. By 16 March,
shipping companies were reporting that
all crew changes, world-wide, were
stopped. Since this time, most seafarers
have been unable to leave their ships to
go home and new relief crews have been
unable to join their ships to relieve those
on board. Some estimates suggest that
150,00 seafarers are trapped at sea who were due to sign off have had their leave cancelled
and remain on board (ref-Safety4Sea).
Impact of covid 19 to seafarers
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At the time of writing, with a few exceptions.
(e.g. the UK), in many places around the world seafarers are not yet recognised as key
workers, a designation which might afford
them some dispensations to travel on
account of the vital role they fulfil in
maintaining the supply chains helping to keep
countries’ stocks of medicines, food, and raw
materials replenished.
Seafarers are subject to the same restrictions
on movement within their countries as other
citizens are and are unable to leave their ship
to travel home because airlines have
grounded their fleets and nation states have
stopped the flow in and out as well as the transit through their countries for non-native
individuals. Seafarers are also prevented from getting off the ship for shore leave when in port
because of the virus transmission risk they may pose. Those on board have to remain on
board. Those ashore have to remain on shore. Those in port have to stay on the ship. Those in
transit have to stay where they are no matter how near or far they are from home.
Negotiations are taking place at an international level between IMO, the ILO, ITF and the ICS to
try and open corridors into and out of hub ports so that crew changes can take place, but as
yet, the international maritime community has not managed to get key nation states to lift the
travel restrictions they have levied.
Impact of Covid 19 to seafarer
www.vridhimaritime.com | Spring 2020 22
A man is nothing but the product of his thoughts; what he thinks, he becomes. - Gandhiji
This phrase is perfectly fitting here and brings in an idea that the success or failures in once life depends on the way of thinking.
A warrior thinks about war tactics i.e. how to strategize and win the war. A writer always imagines of his fiction stories. A criminal think perpetually about his crime.
A leader always thinks about his welfare of the people. In a nutshell a person is always
a reflection of his thoughts.
In ancient time, many scholars proclaimed that personality and behaviour depend on one’s success.
A person motion of psychology always impacts emotions of psychology. Always try to remove negativity and create possibility.
MIND HAS THREE WEAKNESS:
1.Dont be over excited in life.
2.Whenever something is not happening according to your wish, then don’t react immediately, first think then react.
3.If you are in a neutral state, learn to be happy in that state. Your life become very simple. just be happy with yourself.
Happiness is within yourself only…and you must have to fill by your own stuff.
JUST TRY TO SAY:
I am a peaceful and powerful being. I can do everything what I should be doing it should be done in a great way.
Thoughts are the seed,
Actions are the plants that grow from them.
You must have to take charge of your mind. then you realize this mind has troubled me for so much in my lifetimes.
Now, I must have to become master of my mind.
If you tap on this controlled mind. You will become optimistic, cheerful and successful.
H0w to CONTROL your mind and
stay motivated – covid 19
www.vridhimaritime.com | Spring 2020 23
In other words, those who are successful knows how to control the mind and keep an attitude that will be helpful.
MIND IS LIKE A GARDEN PLOT.
Either you weed out wild grass which changes into wild plot…or else seed it with beneficial crop and you will take care of It.it will change into nice garden.
We all are the gardeners of our mind.
We should be careful in uprooting thoughts that won’t help us. and replace them with such thoughts that can transform us.
Don’t let your mind…control you…you must control your mind.
IN THIS YOU WON’T GET POSITIVE RESULT IN first attempt.
Consistency is the key.
When a tiny water droplet falls on a huge rock-beds…there won’t be any effect, but when it does continuously with consistency …then that rock-bed also break due to that effort.
So, you shall be consistent in controlling your mind….in order to avoid diversion always practice being detach and follow renunciation.
Every negative incident has a positive intent.
“Time management” is the process of organizing and planning how to divide your time between specific activities. Good time management enables you to work smarter – not harder – so that you get more done in less time, even when time is tight and pressures are high. ... The answer lies in good time management.
Benefits of Time Management
The ability to manage your time effectively is important. Good time management leads to improved efficiency and productivity, less stress, and more success in life. Here are some benefits of managing time effectively:
Time management
Time management
Sandeep singh, Technical Executive.
www.vridhimaritime.com | Spring 2020 24
1. Stress relief
Making and following a task schedule reduces anxiety. As you check off items on your “to-do” list, you can see that you are making tangible progress. This helps you avoid feeling stressed out with worry about whether you’re getting things done.
2. More time
Good time management gives you extra time to spend in your daily life. People who can time-manage effectively enjoy having more time to spend on hobbies or other personal pursuits.
3. More opportunities
Managing time well leads to more opportunities and less time wasted on trivial activities. Good time management skills are key qualities that employers look for. The ability to prioritize and schedule work is extremely desirable for any organization.
4. Ability to realize goals
Individuals who practice good time management are able to better achieve goals and objectives, and do so in a shorter length of time.
List of Tips for Effective Time Management
After considering the benefits of time management, let’s look at some ways to manage time effectively:
1. Set goals correctly
Set goals that are achievable and measurable. Use the SMART method when setting goals. In essence, make sure the goals you set are Specific, Measurable, Attainable, Relevant, and Timely.
2. Prioritize wisely
Prioritize tasks based on importance and urgency. For example, look at your daily tasks and determine which are:
Important and urgent: Do these tasks right away.
Important but not urgent: Decide when to do these tasks.
Urgent but not important: Delegate these tasks if possible.
Not urgent and not important: Set these aside to do later.
3. Set a time limit to complete a task
Time management
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Setting time constraints for completing tasks helps you be more focused and efficient. Making the small extra effort to decide on how much time you need to allot for each task can also help you recognize potential problems before they arise. That way you can make plans for dealing with them.
For example, assume you need to write up five reviews in time for a meeting. However, you realize that you’ll only be able to get four of them done in the time remaining before the meeting. If you become aware of this fact well in advance, you may be able to easily delegate writing up one of the reviews to someone else. However, if you hadn’t bothered to do a time check on your tasks beforehand, you might have ended up not realizing your time problem until just an hour before the meeting. At that point, it might be considerably more difficult to find someone
to delegate one of the reviews to, and more difficult for them to fit the task into their day, too.
4. Take a break between tasks
When doing a lot of tasks without a break, it is harder to stay focused and motivated. Allow some downtime between tasks to clear your head and refresh yourself. Consider grabbing a brief nap, going for a
short walk, or meditating.
5. Organize yourself
Utilize your calendar for more long-term
time management.
Write down the deadlines for projects, or for tasks that are part of completing the overall project. Think about
which days might be best to dedicate to specific tasks. For example, you might need to plan a meeting to discuss cash flow on a day when you know the company CFO is available.
Time management
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6. Remove non-essential tasks/activities
It is important to remove excess activities or tasks. Determine what is significant and what deserves your time. Removing non-essential tasks/activities frees up more of your time to be spent on genuinely important things.
7. Plan ahead
Make sure you start every day with a clear idea of what you need to do – what needs to get done THAT DAY. Consider making it a habit to, at the end of each workday, go ahead and write out your “to-do” list for the next workday. That way you can hit the ground running the next morning.
Nilavembu Kashayam
Covid 19 precautionary measure and provided “Nilavembu
Kudineer/Kashayam” before the lock down situation.
Health and Safety
N.Rajeswari Front office and HR.
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Adhithya – Class II
Ashwin – Class IV
S/O Tyagarajan,
CFO.
Kid’s Zone
Social responsibilities CONTRIBIUTION TOWARDS COVID - 19
During this pandemic Covid – 19, Vridhi
Maritime Pvt Ltd staffs joined hands along
with SARVA BOJAN TRUST in contributing
groceries kits to 500 families in and around
kannagi nagar, Chennai to serve the
deserved public for whom this lock down
have affected their earnings
to cater even their one time
meal, including the pregnant
women, mentally and
physically challenged
people.
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Women’s day celebration
New year celebration
Women’s day celebration
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The Three Crowned rulers, or the
Three Glorified by Heaven, or World of the
Three primarily known as Moovendhar,
refers to the triumvirate of Chera, Chola
and Pandya who dominated the politics of
the ancient Tamil country, Tamilakam,
from their three Nadu (countries) of Chola
Nadu, Pandya Nadu (present day Madurai
and Tirunelveli) and Chera Nadu (present
day Karur in Tamil Nadu and Kerala) in
southern India. They signalled a time of
integration and political identity for the
Tamil people. They would frequently wage
war against one another under a period of
instability until the Imperial period of
Rajaraja I who united Tamilakam under
one leadership.
.
Vallinayagan Ulaganathan Chidambaram (5 September 1872 – 18 November 1936), popularly known by his initials, V.O.C. (spelled
வ.உ. in Tamil), also known as Kappalottiya Tamizhan "The Tamil Helmsman", was an Indian freedom fighter and leader of Indian National Congress. Founder of Swadeshi Steam Navigation Company in 1906 to compete against the monopoly of the British India Steam Navigation Company (BISNC). He was a disciple of Bal Gangadhar Tilak.
He launched the first indigenous Indian shipping service between Tuticorin and Colombo
with the Swadeshi Steam Navigation Company, competing against British ships. Tuticorin
Port Trust, one of India's thirteen major ports, is named after him. At one time a member of
the Indian National Congress, he was later charged with sedition by the British government
and sentenced to life imprisonment, and his barrister license was revoked.
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Vridhi Maritime Pvt. Ltd., No.25/12, Lake area, 2nd floor, 2nd cross street, Nungambakkam, Chennai – 600 034, Tamil Nadu, India. +91 (044) 46877444
www.vridhimaritime.com
Chennai
Singapore