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Container rail volumes grew 12.5 per cent in June this year according to railway data

The Container Rail volumes grew 12.5 per cent year on year to 4.96million tons in June this year on the back of 12 percent year on year growth in EXIM cargo to 3.93million toness and 14.4 per cent year on year (+6.2% mom) growth in domestic to cargo 1.03million tons according to the data available with the Indian railways.

For first quarter of 2018-19 (ie April to June 2018), total container rail volumes grew 11.3 per cent year on year to 14.53million tons, led by 13.2 per cent year on year growth in EXIM Cargo to 11.65million tons with 4 per cent year on year growth in domestic volumes to 2.88million tons.

While rail data is in tonnage and growth could vary in TEU terms for both Container Corporation of India (Concor) and Gateway Distriparks Ltd (GDPL), Concor has provided provisional volume growth of 11 per cent year on year for the first quarter of the current financial year (11.5 per cent EXIM and 9 per cent domestic).

Exim lead distance stabilizes month on month: While lead distance for EXIM containers fell by 44kilometers on year on year to 788km in June 2018 (indicating increase in share of Gujarat-based ports vis--vis JNPT), mom, EXIM lead distance improved marginally by 8km. Domestic lead distance fell by  126km year on year to 1,248km.  

Containers handled at major ports continue to grow: Containers handled at major ports grew 8.5 per cent year on year to 807,000 TEUs in June 2018 (JNPT +5.5 per cent year on year to 402,000 TEUs). During the first quarter of the current financial year, containers handled at major ports grew 6.8 per cent year on year to 2.4million TEUs, with JNPT seeing 3.2 per cent year on year growth to 1.24million TEUs.

Share of Direct Port Delivery (DPD) at JNPT stable: JNPT recorded a share of 38.3 per cent of Direct Port Delivery of imports in Jun 2018 at 52,050 TEUs versus 38.2 per cent in May 2018. The share of DPD of total container imports at JNPT stood at 32 per cent in the financial year 18.

 

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