Published on 14/02/2017 3:08:01 PM | Source: Emkay Global Financial Services Ltd

Ports - The January PORTfolio - Emkay Global

Posted in | #Shipping and Logistics Sector #Emkay Global Financial Services Ltd. #Sector Report


* Major Indian ports handled 54.1mn tons of freight in the month of January 2017, clocking a growth of 3.6% YoY, however, was down 5.1% MoM. YoY growth was led by iron ore (+287% YoY), other liquids (+95% YoY) and fertilizer (+20% YoY). Growth was weighed down by a decline in coal (-13% YoY), POL (-4% YoY) and others category (-21% YoY)

* Mormugao (+58% YoY), Paradip (+22% YoY) and Cochin (+11% YoY) witnessed healthy growth in monthly volumes whereas Kandla (-17% YoY) and Ennore (-10% YoY) declined

* Coal traffic for January 2017 declined 13.3% YoY to 11.6mn tons, with a drop at Vizag (- 41% YoY), Paradip (-12% YoY) and Ennore (-11% YoY) on the East coast and Kandla (- 39% YoY) on the West coast

* Container traffic for January 2017 grew 2.3% YoY to 0.71mn TEUs, driven by volume growth at Haldia (+133% YoY), VOC (+10% YoY), Cochin (+11% YoY) and Vizag (17% YoY) while JNPT (-2% YoY) and Chennai (+1% YoY) exhibited muted performance

 

Coal handled at major Indian ports down 13.3% YoY in January 2017

* Coal traffic for January 2017 declined 13.3% YoY to 11.6mn tons, driven by a decline at Vizag (-41% YoY), Paradip (-12% YoY) and Ennore (-11% YoY) on the East coast and Kandla (-39% YoY) on the West coast.

* In YTDFY17, coal traffic at major Indian ports declined 7.4% YoY to 117.9mn tons as East coast ports declined 10.2% YoY (71% share in total volume). All the ports on the East coast posted a coal volume decline led by Vizag (-21.6% YoY) and Paradip (-6.5% YoY).

* On the other hand, West coast ports grew only 0.5% YoY in YTDFY17 led by New Mangalore (+28.7% YoY) and Kandla (+6.4% YoY).

 

Container traffic at major Indian ports up 2.3% YoY in January 2017

* Container traffic for January grew 2.3% YoY to 0.71mn TEUs, driven by volume growth at Haldia (+133% YoY), VOC (+10% YoY), Cochin (+11% YoY) and Vizag (17% YoY) while JNPT (-2% YoY) and Chennai (+1% YoY) exhibited muted performance.

* In YTDFY17, container traffic at major Indian ports grew 3.7% YoY to 7.03mn TEUs. Vizag (+30.8% YoY, 4.4% share in total volume), Cochin (+18.9% YoY, 5.8% share in total volume) and Kolkata (+12% YoY, 7.6% share in total volume) were the major growth drivers.

* Two of the largest Indian container ports, JNPT (+0.5% YoY, 53.4% share in total volume) and Chennai (-3.5% YoY, 17.8% share in total volume) have exhibited subdued performance in YTDFY17.

 

To Read Complete Report & Disclaimer Click Here

 

For More  Emkay Global Financial Services Ltd Disclaimer http://www.emkayglobal.com/Uploads/disclaimer.pdf &

SEBI Registration number is INH000000354

 

Above views are of the author and not of the website kindly read disclaimer