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Ports show negative signs

Ports show negative signs
Top three containers ports ? JNPT, Chennai and Tuticorin ? run by private container terminal operators, showed negative growth in box handling.

Top three containers ports ? JNPT, Chennai and Tuticorin ? run by private container terminal operators, showed negative growth in box handling.

Top three containers ports ? JNPT, Chennai and Tuticorin ? run by private container terminal operators, showed negative growth in box handling during the first half of the current fiscal ended September 30. This, in turn, led to a decline of 6.32 per cent in container handling across ports. Major ports handled 33.28 lakh TEUs (twenty foot equivalent units) in the first half of this fiscal against 35.52 lakh TEUs in the corresponding period last year, according to data provided by the Indian Ports Association. ?The first half is normally dull, but it was not used to be negative growth. This year exports to both the US and European markets hit us badly,? said an official of a leading shipping line. ?The second-half should be better, but we are not expecting a major change in the trend,? he said.

Total textile and clothing shipments to the biggest market US from India till August this fiscal dropped by nearly 4 per cent to 1,830 million square metre equivalents (SMEs) compared with 1,905 million SMEs in the corresponding period last year, according to country-specific Major Shippers Report of the US Department of Commerce International Trade Administration Office of Textiles and Apparel.

While export of apparel from India to the US increased by 5.24 per cent to 649 million SMEs (617 million SMEs), export of non-apparel dropped by 8.36 per cent to 1,180 million SMEs (1,287 million SMEs), the data show.

At JNPT, there are two private terminals. One is run by the Gateway Terminals India (GTI), a joint venture between APM Terminals and the Container Corporation of India Ltd and the other Nhava Sheva International Container Terminal is operated by DP World Dubai. In Chennai, the private container terminal is operated by DP World and at Tuticorin it is run by PSA-Sical.

www.TurkishMaritime.com.tr

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