Blogger - Chetan Pandey
A quick analysis of the latest half yearly data seems to indicate that the trade slowdown is finally here in India. The traffic at all the major ports has started to stagnate following the global economic slowdown that has impacted the global trade.
As per our latest analysis based on half yearly data, traffic at all the major ports which saw an impressive year on year growth of 12% in 2007-08 has grown moderately at 7% in 2008-09. The following table exhibits these facts.
As per our analysis of the latest data available, all major ports with an exception of Kandla port trust has shown a slowdown in traffic. Infact ports like Mumbai Port Trust and Cochin has shown a negative growth rate while ports like Haldia and Ennore have stagnated at FY08 levels.
Kandla is expected to emerge as the largest cargo port in India followed by Vizag and JNPT. Infact the half yearly box traffic at JNPT has grown with a moderate growth of 9.9% in FY09. It would be prudent to remember that the same terminal handled around 4.06 million TEUs in FY08 with a growth rate of 23% over previous year.
According to latest interviews conducted with an official in a port authority, the impact on the overall traffic at all the major ports could be even great in the next half year. So that’s the information part of it, how about some action now!! We have been advising various stakeholders on various models of profitability during slowdown (shall I call it a recession?) and trust me, it’s a great learning experience. Perhaps I will share it in my next blog.
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