Published on 21/04/2017 2:51:53 PM | Source: Emkay Global Financial Services Ltd

Ports - The March Portfolio - Emaky

Posted in Broking Firm Views - Sector Report | #Shipping and Logistics Sector #Emkay Global Financial Services Ltd. #Sector Report


* Major Indian ports handled 61.3mn tons of cargo in the month of March 2017, clocking a growth of 9.5% YoY and 20.4% MoM. The major growth drivers were POL (13.9% YoY), iron ore (+120% YoY) and others category (+62% YoY) while coal (-16% YoY) and fertilizer (-17% YoY) witnessed a decline

* Mormugao (+52% YoY), Cochin (+52% YoY) and Paradip (+9.5% YoY) witnessed healthy growth in monthly volumes whereas VOC (-6.5% YoY) and Ennore (-15% YoY) declined

* Coal traffic for March 2017 declined 16.1% YoY to 11.8mn tons, driven by a decline at Paradip (-24% YoY), Vizag (-52% YoY), Ennore (-23% YoY) and Haldia (-39% YoY) while Mumbai reported a growth of 190% YoY

* Container traffic for March 2017 grew by 6.6% YoY to 0.79mn TEUs, driven by volume growth at JNPT (+6.4% YoY), Haldia (+125% YoY) and Cochin (+18.4% YoY)

 

Coal handled at major Indian ports down 16.1% YoY in March 2017

* Coal traffic for March 2017 declined 16.1% YoY to 11.8mn tons, driven by a decline at Paradip (-24% YoY), Vizag (-52% YoY), Ennore (-23% YoY) and Haldia (-39% YoY) while Mumbai reported a growth of 190% YoY.

* In FY17, coal traffic at major Indian ports declined 9.9% YoY to 140mn tons as East coast ports declined 13.6% YoY (71% share in total volume). All the ports on the East coast posted a coal volume decline led by Vizag (-28% YoY) and Paradip (-11% YoY).

* While, West coast ports’ coal volumes were relatively flat on a YoY basis in FY17 led by New Mangalore (+9% YoY) and Kandla (+4% YoY). 

 

Container traffic at major Indian ports up 6.6% YoY in March 2017

* Container traffic for March 2017 grew by 6.6% YoY to 0.79mn TEUs, driven by volume growth at JNPT (+6.4% YoY), Haldia (+125% YoY) and Cochin (+18.4% YoY).

* In FY17, container traffic at major Indian ports grew 3% YoY to 8.4mn TEUs. Vizag (+25.3% YoY, 4.3% share in total volume), Cochin (+17.2% YoY, 5.8% share in total volume), Haldia (+60% YoY, 1.6% share in total volume) and Kolkata (+10% YoY, 7.5% share in total volume) were the major growth drivers.

* Two of the largest Indian container ports, JNPT (+0.2% YoY, 53.3% share in total volume) and Chennai (-4.5% YoY, 17.7% share in total volume) have exhibited subdued performance in FY17.

 

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