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Home International Customs India

Container volumes at State-owned India ports see volume growth in April

byCustoms Today Report
09/05/2015
in India
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NEW DELHI: Container volumes at major state-owned port complexes in India expanded 3.9 percent year-over-year in April, the first month of fiscal year 2015-16, continuing a healthy growth trend seen during the past year, according to the latest provisional port statistics compiled by JOC.com.

Total container throughput at India’s 12 major ports reached 660,000 20-foot-equivalent units, up from 635,000 TEUs in the corresponding month last year. Containerized cargo tonnage was up 5.3 percent, at 10.2 million tons, the data showed.

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Jawaharlal Nehru Port Trust, or Nhava Sheva, handled 369,000 TEUs, up from 364,000 TEUs. The three container terminals in Nhava Sheva together account for nearly 60 percent of total containerized cargo moving via India’s12 major ports and roughly 40 percent of the nation’s overall containerized ocean trade. Boosted by the highest-ever annual volume of 4.47 million TEUs in 2014-15 amid ongoing congestion issues, the port trust has set a throughput target of 5 million TEUs for the current fiscal year, which runs from April 2015 through March 2016.

Tags: Port

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