Port Cargo

Growth in bulk segments, but grey clouds hover over container cargo

Flat cargo numbers since Q2 drag total FY23 growth down to 8.8%

A public-private partnership (PPP) model will be used to create the CNG terminal project, and Gujarat Maritime Board (GMB), which now oversees the Bhavnagar Port, would be a partner in the project

Empty container boxes crucial are getting stuck in the port of Rotterdam as a growing backlog of undelivered goods at Europe's export hub forces ocean carriers to prioritise shipments of filled boxes

The 13 major ports handle over 95 per cent of the country's export-import cargo, with Navi Mumbai's JNPT accounting for over half the cargo volumes

During April-August period all segments, except fertilisers, posted healthy year-on-year growth; better numbers can be attributed to base effect

India's top-12 ports witnessed considerable decline in cargo traffic for the eleventh straight month in February to 600.62 million tonnes (MT), according to ports' apex body IPA

Chabahar Port lies outside the Persian Gulf and is easily accessed from India''s western coast, bypassing Pakistan

Cargo volumes at these 12 major ports under the control of the Centre that had handled 348.23 MT during April-September of the last fiscal has declined for the sixth straight month

Private ports too strengthening contribution to cargo volume increase

Cargo volumes at these 12 major ports under the control of the Centre declined for the fifth straight month in August 2020 and all ports barring Mormugao saw a negative growth

For Adani Ports, after a 27 per cent volume fall in the June quarter, they increased 6 per cent in July.

Chennai Port saw a massive 38.17 per cent fall in cargo handling to 2.44 MT, and JNPT declined by 33.97 per cent to 3.95 MT in April

With the contagion spreading to more countries, the supply disruptions could get more pronounced, affecting export and import trade at port

Major ports clocked only 1.5 per cent growth during the period as against four per cent growth in cargo throughput in the corresponding quarter of FY19

Companies continue to remain bullish on investment cycle for long-term