India's Nehru Port Sees Slight Traffic DeclineCreated by HButler on 1/9/2013 3:00:51 PM
Container volume via India’s Port of Jawaharlal Nehru (Nhava Sheva) fell 1.4 percent year-over-year in 2012, as the slump in trade hurt traffic growth at the country’s largest box gateway.
The number of containers handled by the west coast port’s three terminals totaled 4.25 million 20-foot-equivalent units, down from 4.31 million TEUs in 2011, the port authority said in a statement.
APM Terminals Mumbai, Nehru’s largest box facility, handled 1.96 million TEUs, up 3.6 percent from 1.9 million TEUs a year earlier. Traffic via DP World’s Nhava Sheva International Container Terminal fell about 25 percent to 1.09 million TEUs from 1.45 million TEUs. State-owned Jawaharlal Nehru Container Terminal contributed 1.2 million TEUs, a gain of 23.5 percent over 2011.
The port’s overall cargo tonnage was down 2.33 percent to a total of 64.21 million tons. Tonnage of containerized cargo was estimated at 57.78 million tons, accounting for 90 percent of total throughput.
Port chairman L. Radhakrishnan said port regulator Tariff Authority for Major Ports’ decision to cut service rates at the three terminals was a huge setback for the port in 2012. “The tariff revision adversely impacted the port’s revenue and its capacity to build up reserves for non-return investments in projects like dredging,” he said.
Radhakrishnan said the port is going ahead with various projects to improve infrastructure and expand throughput capacity. Projects being implemented include a contract awarded to DP World for the construction of a new container terminal of 800,000 TEUs annual capacity, which is likely to be ready in early 2014, and dredging to accommodate deep draft ships.
Looking ahead, Radhakrishnan said a planned fourth terminal, which hit a roadblock following PSA International’s exit from the first tender, had now been split into two projects to attract more potential bidders, while feasibility studies for a fifth facility are under way. “The aim is to create a total capacity of 20 million TEUs by 2020,” he said.
- The Journal of Commerce.