India Shipping Report Q3 2012 - New Market Research Report
New Transportation market report from Business Monitor International: "India Shipping Report Q3 2012"
Boston, MA -- (SBWire) -- 07/24/2012 --The primary issue in Indian shipping continues to be the state of the nation's ports. Investment in the 12 'major' state-run facilities has not kept up with the demand engendered by the rapid economic growth experienced in India over the past decade. This is leading to repeated issues of congestion in the ports; investment is now being made, but this may be a case of too little too late. The contrast between these creaking facilities and the newly built private ports which are increasing in number around the country is stark.
Headline Industry Data
View Full Report Details and Table of Contents
- 2012/13 Port of Kandla tonnage throughput forecast to grow 10.8%, and to average 9.1% to 2016/17.
- 2012/13 Port of Jawaharlal Nehru container throughput forecast to grow 7.2%, and to average 7.6% per annum to the end of our forecast period.
- 2012/13 trade real growth forecast at 7.0%, and to average 9.1% to 2016/17.
Key Industry Trends
Private Indian Ports To Outperform In 2012
BMI believes that growth at India's private ports will continue to outpace the established 'major' ports in 2012. The new facilities benefit from space to grow, newer infrastructure and equipment, and less tangled bureaucracy than the state-run traditional ports. Investment in the major ports is increasing, however, which should help combat the rising problems of congestion.
Paradip Suffers Second Year Of Declines As Iron Ore Exports Slump
BMI believes that the Paradip Port Trust will be disappointed that the Port of Paradip did not manage to meet its total tonnage handling target of 63mn tonnes in the year ended March 31 2012. We note that the disappointing tonnage throughput results recorded at the port, located on India's east coast in the state of Orissa, are largely as a result of the ongoing difficulties involved in exporting iron ore from the BRIC country. We believe the facility will regain lost volumes in the medium term. In light of this growth outlook, the plans by the Port of Paradip to raise its annual handling capacity are prudent.
Indian Insurers To Indemnify Iranian Imports
Indian shipping companies will be relieved by the fact that state-run insurers have agreed to provide limited cover to vessels carrying Iranian crude oil to the country. Nevertheless, Indian imports will be much reduced and operators will have to find alternative cargoes. Should these be found, the effect could be a positive one if the total tonne-mile of the journey is increased.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Transportation research reports at Fast Market Research
You may also be interested in these related reports:
- Vietnam Shipping Report Q3 2012
- China Shipping Report Q3 2012
- Egypt Shipping Report Q3 2012
- Malaysia Shipping Report Q3 2012
- Poland Shipping Report Q3 2012
- Australia Shipping Report Q3 2012
- United Arab Emirates Shipping Report Q3 2012
- Nigeria Shipping Report Q3 2012
- Canada Shipping Report Q3 2012
- Venezuela Shipping Report Q3 2012
Media Relations Contact
Director of Marketing
View this press release online at: http://rwire.com/154107