Future Looks Bright For Terminals

Future bodes bright for the Indian container ports with container traffic on either coasts growing at a CAGR of 6 per cent during 2011-2016 period.

Positive demand in Europe and North America, reversal of fortunes in South American economies, improved economic environment in South Africa from the second half of 2016, as well as rising imports from China tethered the container traffic growth at Indian ports in 2016. India’s container port throughput that grew by a paltry 2 percent annually in 2015, registered an 11 percent growth in 2016. Barring ports of Greater Mumbai where traffic was stagnant last year, the remaining regions recorded a double digit increase in throughput. While the container throughput at Indian ports grew at a CAGR of 13 percent during the six years period from 2005 till 2010, it slowed to 6 percent during 2011-2016. The decline was attributed to the global slowdown, following the economic recession of 2008.

Major vs non-major ports