(TEU) at major ports grew 8 per cent year on year during June this year. The
container colume growth was led by Visakhapatnam 29 per cent, VOC port
Tuticorin 20 per cent and Kolkata 15 per cent all year on year.
port in the country JNPT reported 4 per cent volume growth for the month led by
incremental volumes at PSA terminals (34,000K TEU. The port continues to focus
on improving productivity by introducing cost efficient transportation
solutions for faster evacuation of DPD containers.
The port expects to
emphasize on increasing Direct Port Delivery of import volumes as the port has
set a target of 80 per cent of imports by road. However, port infrastructure
limitation has led to increase in DPD containers delivered through container
freight stations resulting in higher volumes for JNPT CFS operators like
(Allcargo, Gateway Distriparks and Navkar Corporation). Expectations are that
the recently commissioned PSA terminal will scale up to 2.4 million TEUs
capacity to drive port volume growth.
reported 5 per cent year on year growth at 1, 44,000 TEUs during Jun’18. The
competition from nearby ports is expected to further intensify as increasing
ship calls at Katupalli and K’patnam ports led to healthy volume growth of 42
per cent and 89 per cent YoY, respectively, in FY18. Furthermore, south ports
capacity (Chennai, Kattupalli, Krishnapatnam and Ennore) has increased to 5.4
Million TEUs within a stretch of 200 KM coastline post commissioning of Ennore
Haldia and Vizag port reported 15 per cent and 29 per cent YoY volume growth, respectively
for the month led by higher Nepal bound containers. Tuticorin port reported 20
per cent YoY increase in container volumes at 67,000 TEUs.
spot rates for FEU (constituting key global trade routes) remained subdued on
account of trade uncertainties. Amid changing trade policies, container import
to the U.S. is expected to be impacted due to new tariffs imposed. Expect
return of pricing power for container liner industry to remain elusive as
increasing orders for large container vessels will prolong supply glut.
volume continued its healthy growth momentum as it witnessed 12 per cent YoY to
3.9 Million tons in June’18. However, lead distance declined 5 per cent YoY to
788 KMS for the month.
volumes witnessed 13 per cent YoY growth at 1.0 million tons in jun’18. The
average lead distance witnessed consecutive decline to 1,248 KM hinting use of
rail for shorter distance probably due to steep hike in fuel cost.
remained flat in Jun’18. This comes on the heels of a ~5-5.5 per cent m-o-m
increase in freight rates in May’18. Industry sources indicate higher arrival
of agri produce across the country was offset by increase in higher tonnage
trucks plying on trunk routes. The freight rates were also supported by
truckers strike in Jun’18 protesting against diesel price hikes and third party
motor insurance premium.
(for 25.2 ton GVW) from Delhi to Mumbai was Rs 92,000 as at July 01, 2018 and
Delhi to Chennai was observed at Rs. 128,000, flat m-o-m