30-05-2016

India: Major Ports Volume grows by 4% during April 2016

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Major Ports got off to a decent start in fiscal 2016-17. In terms of container handling, Major Ports’ volume grew by 3.87 percent year-over-year to 686,000 twenty-foot-equivalent units during April 2016.

Of that, Jawaharlal Nehru Port Trust accounted for 370,000 TEUs. Terminal wise, APM Terminals-operated Gateway Terminals India moved 128,676 TEUs, while DP World’s flagship Nhava Sheva International Container Terminal saw volume of 66,665 TEUs. Nhava Sheva (India) Gateway Terminal handled 41,145 TEUs last month.

Container volume at State-owned Jawaharlal Nehru Port Container Terminal, which has been on a strong growth curve over the past year, was up 34.7 percent to 133,195 TEUs from 98,873 TEUs in April 2015.

“This is the highest traffic handled in a month since the inception of the terminal,” said the port authority official.

The growth follows total throughput of 1.43 million TEUs at JNPCT in fiscal 2015 and 2016, which was up 11 percent over the prior year. To handle the growth of new service additions, the Port authority last month signed a Rs. 182 crore (about $28 million) contract with marine equipment manufacturer Sany Heavy Industry Co. for the acquisition of 15 new rubber-tire gantry cranes.

Provisional port statistics collected by JOC.com shows total cargo tonnage at Major Ports in the first fiscal month was up nearly 10 percent year-over-year to 52.4 million tons from about 48 million tons in April 2015.

Mormugao reported the highest gain in lifting volume, with a whopping 153 percent year-over-year jump, to 3.3 million tons. Of the other ports, Paradip experienced the second-largest increase in traffic growth, with a 19 percent rise to 7.2 million tons, followed by Visakhapatnam, up 18.11 percent to 4.7 million tons; Kandla, up 17.2 percent to 8 million tons; and Cochin, up 10.14 percent to 2 million tons.

Chennai took a big hit in the first fiscal month, as cargo throughput decreased 8.2 percent year-over-year to 4.2 million tons.

In order to meet expected growth and stay competitive in this era of ever-larger mega-ship calls, the Major Ports have made heavy infrastructure investments, especially on the connectivity front. To that effect, “Sagarmala” infrastructure program will provide a silver lining to  supply chain bottlenecks.

Source: Daily Shipping News

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