India's Port of Mumbai saw container traffic in November fall 12.7 percent year-over-year, while total tonnage rose 3.4 percent from same period a year ago, Journal of Commerce reports. Container throughput at the port fell 17.5 percent year-over-year in the first eight month of fiscal 2012, which began April 1. Total tonnage traffic dropped 1.6 pecent during the April-November period from the same period in 2010.
India’s port regulator Tariff Authority for Major Ports last week approved a tariff increase for Mumbai despite the protests of user associations. The new rate scale, slated to take effect Dec. 21, calls for a 30 percent hike in cargo-related charges and a 23 percent in marine dues.
The increase, which will substantially push up vessel operating costs, is expected to put pressure on port management’s ongoing efforts to woo more mainline calls and boost cargo throughput.
India’s port regulator Tariff Authority for Major Ports last week approved a tariff increase for Mumbai despite the protests of user associations. The new rate scale, slated to take effect Dec. 21, calls for a 30 percent hike in cargo-related charges and a 23 percent in marine dues.
The increase, which will substantially push up vessel operating costs, is expected to put pressure on port management’s ongoing efforts to woo more mainline calls and boost cargo throughput.