Container throughput in India’s Port of Mumbai fell 18.5 percent year-over-year in the first two months of fiscal 2011-12, the port authority said on Wednesday, Journal of Commerce reports. Mumbai’s container facilities handled 10,357 20-foot equivalent units during April to May, down from 12,288 TEUs in the same period a year ago.
Volume in May declined to 5,022 TEUs from 6,439 TEUs in the same month last year.
The decline in container movements in the April to May period followed a 26 percent increase in volume during the previous fiscal year that ended March 31, 2011.
The west coast port’s total cargo tonnage during April-May dropped 3 percent to 9.27 million tons from 9.57 million tons a year earlier.
Tonnage in May was estimated at 4.52 million tons compared with 4.85 million tons in the year-ago month.
Mumbai, one of India’s oldest ports, is currently building a new offshore container terminal through private participation. Expected to be ready in 2011-12, the $300-million project will offer an annual capacity of 800,000 TEUs in the initial phase.
Volume in May declined to 5,022 TEUs from 6,439 TEUs in the same month last year.
The decline in container movements in the April to May period followed a 26 percent increase in volume during the previous fiscal year that ended March 31, 2011.
The west coast port’s total cargo tonnage during April-May dropped 3 percent to 9.27 million tons from 9.57 million tons a year earlier.
Tonnage in May was estimated at 4.52 million tons compared with 4.85 million tons in the year-ago month.
Mumbai, one of India’s oldest ports, is currently building a new offshore container terminal through private participation. Expected to be ready in 2011-12, the $300-million project will offer an annual capacity of 800,000 TEUs in the initial phase.