India Shipping Report Q2 2015
BMI View: The primary issue in Indian shipping continues to be the state of the nation's ports. Investmentin the 12 major state-run facilities has not kept up with the demand engendered by rapid economic growthexperienced in India over the past decade. This is leading to repeated issues of congestion atports. Investment is now starting to be made, but this may be a case of too little too late. Furthermore, plansto push ahead with the privatisation of the state-run facilities will likely see mass strikes in the sector in2015. Although we believe the move is necessary in order to compete in the long-run, in the short term theprivatisation will likely see throughput lost to private ports.
Headline Industry Data
2015/16 (ending March 2016) port of Kandla tonnage throughput forecast to grow by 1.8%. Over themedium-term forecast period to 2019/20, growth will average 2.3%.
2015/16 port of Jawaharlal Nehru container throughput forecast to grow by 7.0%. Growth to average4.8% per annum to 2019/20.
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