INDIAN SHIPPING INDUSTRY AT A GLANCE IN 2017-2018 Industry Overview
According to the Ministry of Shipping, around 95 per cent of India's trading by volume and 70 per cent by value is done through maritime transport. India has 12 major and 200 notified minor and intermediate ports.
Performance for year 2017
Cargo traffic at major ports in India stood at 679.36 MMT in FY18, growing at a CAGR of 2.73 per cent from FY08-18. Cargo traffic handled by India’s major ports increased 4.97 per cent year-on-year to 616.62 million tonnes (MT) during April 2017-February 2018.
Indian Ports
The highest growth was witnessed by Cochin Port at 17.63 per cent, followed by Paradip at 15.56 per cent, Kolkata (including Haldia) at 14.29 per cent and Jawaharlal Nehru Port Trust at 6.37 per cent. Container traffic saw the highest growth during this period at 8.37 per cent year-on-year and reached 8,302 TEUs.
During 2017, major and non-major ports in India have accomplished a total cargo throughput of 1,133.09 million tonnes, an increase of 5.7 per cent previous year 2016. The growth in cargo handled at major and non-major ports in 2017, were 6.8 per cent and 4.2 per cent, respectively. The share of major ports in the total traffic handled by Indian ports increased from 56.5 per cent in 2016 to 57.2 per cent in 2017.
Targets for the Industry
The capacity addition at ports is expected to grow at a CAGR of 5-6 per cent till 2022, thereby adding 275-325 MT of capacity. Ministry of Shipping has set a target capacity of over 3,130 MMT by 2020, which would be driven by participation from the private sector. Non-major ports are expected to generate over 50 per cent of this capacity. India’s cargo traffic handled by ports is expected to reach 1,695 million metric tonnes by 2021-22, according to a report of the National Transport Development Policy Committee.
