Strong trade recovery boosts volume at India’s biggest container port
Container traffic through India’s Port of Jawaharlal Nehru reached an all-time high in fiscal 2010-11 ending March 31, buoyed by a strong turnaround in the country’s foreign trade.
Total volume handled by the west coast port’s three terminals increased 5 percent to 4.27 million 20-foot equivalent units from 4.06 million TEUs the previous fiscal year, according to latest traffic figures released by the port authority.
Gateway Terminals, operated by A.P. Moller-Maersk subsidiary APM Terminals, handled 1.85 million TEUs, up from 1.76 million TEUs a year earlier.
Volume via DP World’s Nhava Sheva International Container Terminal grew to 1.54 million TEUs from 1.53 million TEUs.
Traffic at the port-run terminal totaled 880,000 TEUs compared with 780,000 TEUs in 2009-10, which ended March 31, 2010.
Nehru is India’s largest container gateway, moving nearly 65 percent of the country’s total containerized export and import cargo.
The Commerce Ministry earlier said total exports for the April-February period jumped 31.4 percent year-over-year to $208.2 billion, surpassing the target of $200 billion for the full fiscal year. It also announced plans to boost the country’s outbound trade to $450 billion by fiscal 2013-14.
JOC Staff | Apr 5, 2011 2:14PM GMT
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