New Report Available: India Shipping Report Q3 2014
New Transportation research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Mon Jul 07 2014] 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, but investment is now being made. However, this may be a case of too little, too late. Further, Indian ports' troubles have been compounded by a fall in demand in the eurozone, which has contributed to a fall in container throughput at many facilities in recent months. It is hoped that the projected return to growth in the currency bloc in 2014 will result in throughput growth returning to the major Indian ports.
Headline Industry Data
* 2014/15 (ending March 2015) Port of Kandla tonnage throughput forecast to grow by 1.4% following a disappointing decline of 7.1% the previous year, driven by heavy monsoon rains. Over the medium-term forecast period from 2014/15 to 2018/19, growth will average 2.1%.
* 2014/15 Port of Jawaharlal Nehru container throughput forecast to grow by 1.8%, followed a contraction of 2.3% the previous year. Growth to average 2.5% per annum over the medium term.
* 2014/15 trade real growth forecast at 8.4%, and to average 8.8% to 2018/19.
Jawaharlal Nehru Port Trust To Build Container Terminal : The Jawaharlal Nehru Port Trust (JNPT) at Navi Mumbai, India, has signed a concession agreement with the Port of Singapore Authority (PSA) to build a fourth container terminal with capacity of 4.8mn twenty-foot equivalent units (TEUs) in the country. The new container terminal is expected to cost INR80bn (USD1.34bn). The necessary financial closure will reportedly be carried out in the next 80 days.
Shipping Ministry Seeks Financial Aid For Coastal Shipping Development : The Ministry of Shipping is looking for financial aid from the World Bank's Global Environment Fund to build domestic marine transport of...
The India Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in India.
BMI's India Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in India.
Key Benefits
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
You may also be interested in these related reports:
