Major Ports' Container volumes grow by 10 % in April

Posted by Daily Shipping Times on 11-05-2017        Tweet

NEW DELHI: Ease of Doing Business measures and efficiency gains as a result of gate automation are proving a boon to Major Ports that together account for roughly 70 percent of the Country’s total container trade.

Container volumes at Major Ports surged 10 percent year-over-year in April, the first month of fiscal year 2017 to 2018, to 752,000 TEU from 685,000 TEU, according to an analysis of new port statistics collected by JOC.com.

That strong growth trend follows a 3 percent increase in Major Ports’ throughput last fiscal year.

Jawaharlal Nehru Port Trust (JNPT), India’s biggest container gateway, increased volume 12.6 percent to 416,436 TEU from 369,694 TEU in April 2016, representing roughly 55 percent of the containerized freight shipped via Major Ports.

Throughput at Chennai Port during the month was up 5 percent to 131,000 TEU from 125,000 TEU a year earlier, reflecting that the busiest East Coast public harbor has regained some of the business that previously shifted to nearby private rivals such as Kattupalli and Krishnapatnam.

Terminals at JNPT and Chennai load the majority of India’s containerized cargo through Major Ports.

April volumes at other Major Ports were as follows: Kolkata, up 5 percent from 60,000 TEU to 63,000 TEU; Tuticorin, or V.O. Chidambaranar, flat at 52,000 TEU; Cochin (Vallarpadam), up 7 percent from 40,000 TEU to 43,000 TEU; and Visakhapatnam, up 10 percent from 26,000 TEU to 29,000 TEU, statistics show.