JNPT volume rises 6.3% in first Six months of FY 2018

Posted by Daily Shipping Times on 06-10-2017        Tweet

NAVI MUMBAI: Jawaharlal Nehru Port Trust (JNPT) reported a 6.3 percent year-over-year increase in container volume in the first half of the fiscal year, despite operational disruptions resulting from the cyber attack of Maersk Group in June and adverse weather in July and September.

The provisional port statistics collected by JOC.com show four terminals in India’s largest port cumulatively handled 2.4 million TEU, compared with 2.26 million TEU in the April-to-September period of 2016.

APM Terminals (APMT)-operated Gateway Terminals India and DP World’s new facility, Nhava Sheva (India) Gateway Terminal (NSIGT), led the growth. APMT Mumbai had an 11.6 percent rise, with first-half volume reaching 990,463 TEU, compared with 887,266 TEU a year earlier, whereas NSIGT reported a 43.5 percent jump, handling 296,767 TEU, compared with 206,864 TEU in the same period last year.

Port-owned Jawaharlal Nehru Container Terminal handled 787,695 TEU, whereas throughput at DP World’s flagship Nhava Sheva International Container Terminal handled 328,294 TEU in the corresponding six months of 2016.

If this growth momentum is sustained going forward, JNPT should be able to surpass last fiscal year’s all-time throughput high of 4.5 million TEU, particularly as authorities prepare to open a fourth mega terminal awarded to PSA International toward the end of the year.

JNPT currently handles as much as 60 percent of the containers passing through India’s 12 Major Ports, which together account for about 70 percent of the nation’s overall container trade.