Page 2 - Container Cargo
Tepid economic activity slows cargo growth of ports, railways: Report
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
 "Tepid economic activity slows cargo growth of ports, railways: Report")
Share of container cargo to traffic handled by major ports highest in Dec
Increased containerisation demand lifts volumes
 "Share of container cargo to traffic handled by major ports highest in Dec")
Container volumes at non-major ports up 20% CAGR between FY12-17
Container volumes at non-major ports like Mundra, Pipavav, Hazira and Katupalli have registered a combined CAGR of 20 percent to 4.5 million TEUs between 2012-17 as against a meager 2 percent CAGR from 7.7 million to 8.4 million TEUs by major ports in the period under review, ICRA said in its report. Thus, major ports have under-performed in comparison to non-major ports during this period. Overall container volumes at Indian ports registered a CAGR of about 7 percent for the last five years, said ICRA research note."This under-performance can be attributed partly to delays in capacity additions at major ports, especially, on the western coast, where nearly the entire incremental volumes have been absorbed by non-major ports," K. Ravichandran, senior vice-president and group head, corporate ratings, ICRA was quoted as saying.Moreover, non-major port operators have been aggressively wooing the container lines with better rates and service levels. Nonetheless, major ports continue to .
 "Container volumes at non-major ports up 20% CAGR between FY12-17")
