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Published on 17/04/2018 3:31:44 PM | Source: Emkay Global Financial Services Ltd

The March PORT-folio - Emkay

Posted in Special Event Reports| #Special Report #Emkay Global Financial Services Ltd.

* Indian Major Ports handled 62.7MT of cargo in March 2018, up 3% yoy (+13% mom). The major growth drivers were Coal (+44% yoy) and Fertilizers (+69% yoy) while Others (-23% yoy), POL (-1.5% yoy) and Iron Ore (-5% yoy) witnessed a decline in March 2018

* Kandla (+12% yoy), Paradip (+6% yoy), Ennore (+18% yoy) and Kolkata (+8% yoy) witnessed healthy growth in volume, whereas volume at Mormugao (-30% yoy) declined

* Coal traffic in March 2018 grew 44% yoy to 13.9MT driven by a 28% yoy jump in thermal coal volume to 9.7MT and 99% yoy jump in coking coal volume to 4.2MT

* Container traffic in March 2018 was up 5% yoy to 0.83mn TEUs, driven by volume growth at JNPT (+4% yoy), Cochin (+18% yoy), VOC (+11% yoy) and Kandl.

Coal handled at Indian Major Ports up 44% yoy in March 2018

* Coal traffic in March 2018 grew 44% yoy to 13.9MT driven by a 28% yoy jump in thermal coal volume to 9.7MT and 99% yoy jump in coking coal volume to 4.2MT.

* Volume growth at Paradip (+51% yoy), Kolkata (+49% yoy) and Vizag (+56% yoy) was offset by drop in volume at Mormugao (-93% yoy) and Mumbai (-28% yoy).

* In Q4FY18, coal traffic at Indian Major Ports grew by 28% yoy to 41.4MT, as coking coal volume was up 24% yoy at 12.8MT and thermal coal volume grew by 30% yoy to 28.6MT.

* In FY18, coal traffic at Indian Major Ports grew by 4.7% yoy to 146MT, as coking coal volume was up 8.6% yoy at 50.6MT while thermal coal volume grew by 2.8% yoy to 95.3MT.

* In FY18, coal volume at Eastern ports grew by 10% yoy (74% share in major ports’ coal volume), driven by growth at Paradip (+17% yoy), Kolkata (+18% yoy) and Vizag (+23% yoy). Western ports’ coal volume declined 8% yoy in FY18 on account of declines at Kandla (-11% yoy) and Mumbai (-9.5% yoy).

Container traffic at Indian Major Ports up 5% yoy in March 2018

* Container traffic in March 2018 was up 5% yoy to 0.83mn TEUs, driven by volume growth at JNPT (+4% yoy), Cochin (+18% yoy), VOC (+11% yoy) and Kandla.

* In Q4FY18, container traffic at Indian Major Ports is up 11% yoy to 2.4mn TEUs. JNPT (+11% yoy), Kandla (+700% yoy), VOC (+17% yoy) and Cochin (+19% yoy) are the major growth drivers.

* In FY18, container traffic at Indian Major Ports is up 8.1% yoy to 9.1mn TEUs. JNPT (+7.4% yoy; 53% share in major ports container volume), Kandla (+1080% yoy, 1.3% share) and Cochin (+13% yoy; 6% share) are the major growth drivers.

*  West coast major ports container volume grew 10% yoy to 5.7mn TEUs (62% share in major ports container volume) in FY18, while East coast container volume grew 5% yoy to 3.4mn TEUs.


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