2012-11-12 12:24:07 - New Transportation market report from Business Monitor International: "India Shipping Report Q4 2012"
The primary issue in Indian shipping continues to be the state of the nation's ports. Investment in the 12 'major' state-run facilities has not kept up with the demand engendered by the rapid economic growth experienced in India over the past decade. This is leading to repeated issues of congestion in the ports; investment is now being made, but this may be a case of too little too late. The contrast between these creaking facilities and the newly built private ports which are increasing in number around the country is stark.
Headline Industry Data
* 2012/13 Port of Kandla tonnage throughput forecast to grow 6.7%, and to average 7.6% to 2016/17.
* 2012/13 Port of Jawaharlal Nehru container throughput forecast to
grow 0.9%, and to average 1.5% per annum to the end of our forecast period.
* 2012/13 trade real growth forecast at 3.8%, and to average 8.2% to 2016/17.
Key Industry Trends
Gujarat Becoming The Key Region For Indian Shipping: The state of Gujarat, in the north west of India, is rapidly emerging as the key region for ports development in India. While the Mumbai port of Jawaharlal Nehru (JNPT) suffers from delays, strikes and overcrowding from a lack of timely investment in developing its infrastructure, the new, privately-operated Gujarati ports are enjoying rapid growth and constant expansion, taking advantage of their location close to key Indian markets.
Full Report Details at
No Changes To Suggest Optimism: The Indian government has set a target to award INR145bn worth of port projects in the current fiscal year of 2012/13 (April-March). At the moment, BMI believes this target is unlikely to be met because no material changes have been made to improve the port sector's difficult business environment, the key factor deterring private investors from the sector.
Potential Cabotage Relaxation For ICTT: BMI believes that a trial relaxation of India's cabotage laws for vessels that transport goods via the International Container Transhipment Terminal (ICTT) at Vallarpadam will be welcomed by the terminal's operator, DP World. The move could see the facility flourish as was intended, and even challenge Sri Lankan ports. Any relaxation of the laws will, however, face opposition from various interested parties.
Key Risks To Outlook
The key risk to our throughput forecasts for India's ports continues to be the problem of congestion at the state-run major ports.
Report Table of Contents:
- India Shipping SWOT
- India Political SWOT
- India Economic SWOT
- India Business Environment SWOT
Global Overview - Container Shipping
- More Positive Box Outlook In H212
- Box Supply Demand Imbalance Worsens
- Concerted Rate Push Must Continue
- Bunker Price Still A Worry
- 2013: A Year Of Mega Realisation
- Containerisation Revolution Hits Dry Bulk
Global Overview - Dry Bulk Shipping
- Stockpiling: A Threat To Dry Bulk Shipping
- Overcapacity A Long Term Problem
- Bankruptcies To Continue
- Vale's Forced Diversification Hedges Against China Slowdown
- Protectionism Trend Takes Off
Global Overview - Liquid Bulk Shipping
- Executive Summary: Unconventional Sectors To Outshine Traditional Crude
- Dirty Tanker Index To Remain Depressed
- Bunker Prices Down, But So Are Rates
- Table: BMI's Bunker Fuel Forecasts, 2010-2016 ($/Bbl)
- Iran Sanctions Continue To Affect Crude Shipping
- Saudi Arabian Merger Bad News For Other Operators
- Table: Biggest Operators Of VLCCs & ULCCs
- Bullish On Golar LNG Prospects
- Tight Market Creates Boom Times For Rig Sector
Industry Trends And Developments
- New Services
India Container Shipping Market Overview
- Jawaharlal Nehru Port Trust (JNPT) Throughput
- Port of Chennai Throughput Outlook
- Table: Major Port Data, 2009-2016
- Table: Trade Overview, 2009-2016
- Table: Key Trade Indicators, 2009-2016
- Table: Main Import Partners, 2009-2016
- Table: Main Export Partners (US$mn)
- Shipping Corporation of India (SCI)
- Great Eastern Shipping (GE Shipping)
- Mercator Lines
- Varun Shipping
- Maersk Line
- Mediterranean Shipping Company (MSC)
- CMA CGM
- COSCO Container Lines Company Limited (COSCON)
- Evergreen Line
- China Shipping Container Line (CSCL)
- Hanjin Shipping (Container Operations)
- Mitsui OSK Lines (MOL) (Container)
- Table: India's Population By Age Group, 1990-2020 ('000)
- Table: India's Population By Age Group, 1990-2020 (% of total)
- Table: India's Key Population Ratios, 1990-2020
- Table: India's Rural And Urban Population, 1990-2020
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