Staying Afloat Amid Global Uncertainties
Indian Transport & Logistics News|November – December 2017

Amidst global uncertainties in the international trade and unprecedented structural changes in India’s shipping sector, India’s container market has reasonably fared well. However, to continue the growth momentum, the Indian shipping industry will need to be extra cautious of the global trends and policies.

Shreya Bhattacharya
Staying Afloat Amid Global Uncertainties

Year 2016 won’t be marked as an impressive year for international trade as the global shipping industry hit turbulent times, especially in the first three quarters, in wake of the highest plunge in the freight rates since 2009, Hanjin bankruptcy and all the mergers and acquisitions done for survivals.

In fact, the international trade has not yet been able to catch up to the same rate of growth, which it had exhibited before the global economic downturn of 2008-09. According to the statistics from United Nations Conference on Trade and Development (UNCTAD), global exports increased from $6.2 trillion in 2001 to $16 trillion in 2008, but after 2009, growth was abysmally low with exports increasing to just $16.6 trillion in 2015, although they had peaked at $19 trillion in 2014.

Noticeably, the container trade also shaped up in similar fashion. According to Drewry estimates, global container handling at the ports almost doubled from 248 million TEUs (twenty-foot equivalent units) in 2001 to 524 million TEUs in 2008 whereas it reached only 682 million TEUs by the end of 2015, an increase of just 158 million TEUs in seven years. In 2015, the global container throughput increased by a mere 1.1 percent, which is the lowest growth registered after 2009. Amid such gloomy environment, South Asian ports have emerged as bright spots, where container handling has increased by 5.3 percent. The global share of container handling at South Asian ports has increased from 2.9 percent in 2013 to 3.4 percent in 2016. India’s container port throughput that grew by merely 2 percent annually in 2015, registered an 11 percent growth in 2016.

India’s west coast ports have traditionally dominated the container market in India with European countries being primary trading partners. West coast ports handle around 70-75 percent of the country’s total container handling, while the east coast ports cover in the range of 25-30 percent.

Denne historien er fra November – December 2017-utgaven av Indian Transport & Logistics News.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November – December 2017-utgaven av Indian Transport & Logistics News.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA INDIAN TRANSPORT & LOGISTICS NEWSSe alt
Smartr Logistics temporarily pauses lightweight (e-comm, BFSI) service
Indian Transport & Logistics News

Smartr Logistics temporarily pauses lightweight (e-comm, BFSI) service

Smartr Logistics has decided to temporarily pause the lightweight e-commerce and Banking, financial services and insurance (BFSI) services under Aerex category.

time-read
1 min  |
September - October 2024
Flipkart expands network, hiring ahead of The Big Billion Days 2024
Indian Transport & Logistics News

Flipkart expands network, hiring ahead of The Big Billion Days 2024

Ahead of The Big Billion Days (TBBD) 2024, Flipkart has launched 11 new fulfilment centres (FCs) across nine cities, bringing the total number of FCs in India to 83.

time-read
1 min  |
September - October 2024
Amazon to enable $13 billion in exports from India by 2024-end
Indian Transport & Logistics News

Amazon to enable $13 billion in exports from India by 2024-end

Amazon Global Selling, in the last nine years, has empowered over 150,000 Indian exporters to build globally recognised brands across 18+ international Amazon sites.

time-read
1 min  |
September - October 2024
TVS ILP enters Andhra Pradesh with 3 lakh sqft facility in Vijayawada
Indian Transport & Logistics News

TVS ILP enters Andhra Pradesh with 3 lakh sqft facility in Vijayawada

TVS Industrial and Logistics Parks (TVS ILP) has expanded to Andhra Pradesh with a warehousing facility spanning 13 acres in Vijayawada.

time-read
1 min  |
September - October 2024
CWC selects Horizon as lead partner to develop warehouses
Indian Transport & Logistics News

CWC selects Horizon as lead partner to develop warehouses

Horizon Industrial Parks, a logistics platform in India owned and managed by Blackstone Real Estate funds, has been chosen as the lead partner by the Central Warehousing Corporation, a public warehouse operator under the Ministry of Consumer Affairs, Food & Public Distribution, to manage a portfolio of 13 last-mile logistics assets.

time-read
1 min  |
September - October 2024
Macrotech buys 2 firms to bolster logistics park, warehouse vertical
Indian Transport & Logistics News

Macrotech buys 2 firms to bolster logistics park, warehouse vertical

The real estate firm Macrotech Developers (formerly Lodha Developers) has announced the acquisition of Opexefi Services and One Box Warehouse.

time-read
1 min  |
September - October 2024
GMR Airports to buy 10% additional stake in Delhi Airport for $126mn
Indian Transport & Logistics News

GMR Airports to buy 10% additional stake in Delhi Airport for $126mn

GMR Airports Infrastructure (GIL) has signed a share purchase agreement with Fraport AG Frankfurt Airport Services Worldwide (Fraport) for buying its current minority 10 percent equity stake in Delhi International Airport (DIAL), a subsidiary of GIL.

time-read
1 min  |
September - October 2024
India's APEDA-certified pomegranates debut in Australia
Indian Transport & Logistics News

India's APEDA-certified pomegranates debut in Australia

India reached a new milestone in perishable exports by shipping pomegranates for the first time from the farms of India to the people of Australia.

time-read
1 min  |
September - October 2024
India to export homegrown aircraft, says Civil Aviation Minister
Indian Transport & Logistics News

India to export homegrown aircraft, says Civil Aviation Minister

\"We want to manufacture aircraft in India on a large scale, not just to meet domestic demand but to become an exporter of aircraft,\" announced India's Civil Aviation Minister, Kinjarapu Ram Mohan Naidu, at a press meet after his inaugural session at the 10th edition of PHDCCI Aviation & Air Cargo Summit 2024, held in New Delhi on September 4, 2024.

time-read
1 min  |
September - October 2024
DP World Mundra achieves record throughput in July
Indian Transport & Logistics News

DP World Mundra achieves record throughput in July

DP World Mundra handled its highest-ever monthly throughput of 1,29,368 TEUs in July 2024.

time-read
1 min  |
September - October 2024