Indian Ports Show Strong Performance in First Quarter of 2024

During the first quarter of 2024, Indian ports saw an increase in container movements, with Kattupalli port experiencing the largest yearly growth of 91 percent, according to a report by S&P Global Market Intelligence. Oceanside port productivity also improved, with Jawaharlal Nehru Port in Mumbai showing a 36 percent year-on-year performance increase. Berth productivity remained stable at large Indian ports, with Pipavav port in Gujarat performing the best among medium-sized ports by delivering 125 berth-moves-per-hour.

India was successful in reducing import dwell time for containers at a higher rate than counterparts in Southeast Asia and China. However, export dwell time increased, with median export dwell time rising to over four days from 3.5 days in the previous year. Transshipment dwell time almost halved at large Indian ports, while increasing by more than 45 percent in Southeast Asia and China.

Vessel waiting time decreased significantly at Jawaharlal Nehru Port and Mundra Port, as well as at medium-sized ports like Pipavav, Chennai, and Krishnapatnam. The analysis by S&P Global Market Intelligence highlighted the positive trends in container movements, productivity, and dwell times at Indian ports compared to counterparts in Southeast Asia and China.

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