India’s top three containers ports — JNPT, Chennai and Tuticorin — run by private container terminal operators, showed negative growth in box handling during the first half of the current fiscal year ended September 30. This, in turn, led to a decline of 6.32 per cent in container handling across ports, reported The Hindu.
Major ports handled 3.32 million TEUs in the first half compared with 3.55 million TEUs in the corresponding period last year.
“The first half is normally dull, but it is never negative. This year exports to both the US and European markets hit us badly,” said an official of a leading shipping line. “The second-half should be better, but we are not expecting a major change in the trend,” he added.
Total textile and clothing shipments to the biggest market US from India till August this fiscal dropped by nearly four per cent to 1,830 million sq m equivalents compared with 1,905 million sq m in the corresponding period last year.
While export of apparel from India to the US increased by 5.24 per cent to 649 million sq m, export of non-apparel dropped by 8.36 per cent to 1,180 million sq m.
At JNPT, there are two private terminals. One is run by the Gateway Terminals India (GTI), a joint venture between APM Terminals and the Container Corporation of India and the other Nhava Sheva International Container Terminal, which is operated by DP World. In Chennai, the private container terminal is operated by DP World and at Tuticorin by PSA-Sical.
Major ports handled 3.32 million TEUs in the first half compared with 3.55 million TEUs in the corresponding period last year.
“The first half is normally dull, but it is never negative. This year exports to both the US and European markets hit us badly,” said an official of a leading shipping line. “The second-half should be better, but we are not expecting a major change in the trend,” he added.
Total textile and clothing shipments to the biggest market US from India till August this fiscal dropped by nearly four per cent to 1,830 million sq m equivalents compared with 1,905 million sq m in the corresponding period last year.
While export of apparel from India to the US increased by 5.24 per cent to 649 million sq m, export of non-apparel dropped by 8.36 per cent to 1,180 million sq m.
At JNPT, there are two private terminals. One is run by the Gateway Terminals India (GTI), a joint venture between APM Terminals and the Container Corporation of India and the other Nhava Sheva International Container Terminal, which is operated by DP World. In Chennai, the private container terminal is operated by DP World and at Tuticorin by PSA-Sical.