Indian ports slowly start FY24

JNPA's efficiency helps India reach the top spot
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Mundra Port, the country’s busiest container port, saw container turnover fall 13% in April from March, despite some gradual gains on cargo diversions from Nhava Sheva (JNPT), fueled by the closure of a berth at APM Terminals Mumbai. also known as Gateway Terminals India (GTI).

Mundra’s throughput was 579,358 TEUs last month, compared to 664,890 TEUs in March, data shows.

The private port, the flagship project of Adani Group under its port subsidiary APSEZ, has five box terminals including Adani Mundra Container Terminal (AMCT), Adani CMA Mundra Terminal (ACMTPL), Adani International Container Terminal (AICTPL) and Mundra International Container Terminal (MICT) and AMCT T2.

Assisted by growing throughput volumes contributed by MSC and CMA CGM, Mundra has overtaken Nhava Sheva Port (JNPT) to become India’s leading container handling service provider.

APSEZ hopes for increased ICD (Inland Container Depot) volume for Mundra due to upgraded rail systems.

“With the commissioning of the Western Dedicated Freight Corridor (WDFC) line to Dadri on April 23, ICD Dadri’s double-stack rake services to Mundra Port are now operational,” APSEZ said in an announcement.

The company also noted, “With the support of our ICD in Patli, this connection will further increase the volume in the Port of Mundra and the total rail volume for Adani Logistics.”

APSEZ has experienced strong growth in recent years due to aggressive capacity expansion and evolving trade facilitation efforts.

“The growth in cargo volume in most of our ports reflects that our strategy to improve operational efficiencies is delivering results and this will further increase the ROCE of the port facilities,” said Karan Adani, Group CEO, in a recent statement.

According to new data, Nhava Sheva (JNPT) also saw a 5% drop in volume last month, carrying 521,890 TEUs versus 550,318 TEUs in March. On the other hand, Chennai Port volumes remained unchanged at 123,633 TEU in April.

The Port of Cochin, home to India’s first full-scale terminal (Vallarpadam Terminal) operated by DP World, handled 55,041 TEUs in April, up from 61,327 TEUs in March.

Given the ongoing challenges in export demand, it remains to be seen whether container volumes at Indian ports will recover in the coming months.

Source: News Network


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