Recently published research from Business Monitor International, "India Freight Transport Report Q1 2014", is now available at Fast Market Research
[ClickPress, Thu Jan 02 2014] India's state-run major ports continue to be the underperformers in the BRIC country's freight transport infrastructure, with volumes at many facilities struggling to grow. Ports have also been harmed by a ban on iron ore mining, and a fall in exports to Europe. A case in point is the Jawaharlal Nehru Port, India's largest in terms of containers handled, which has seen a decrease in its box throughput as it continues to chase the elusive fourth terminal. We see strong growth potential in the air freight sector, however, as air freight and logistics companies look to capitalise on India's growing pharmaceuticals export market, though national carrier Air India will struggle to take on this mantle given its financial constraints. The opening up of the air sector to foreign players could provide a boost to the market.
Full Report Details at
Headline Industry Data
* 2013/14 Port of Kandla tonnage throughput is forecast to decline by 1.0%, and is projected to average sedate growth of 1.6% a year to 2018/19.
* 2013/14 rail freight growth forecast is 3.5% and is projected to average 5.2% to 2018/19.
* 2013/14 air freight tonnes growth forecast is 3.0% and is forecast to average 5.5% to 2018/19.
* 2013/14 total trade real growth forecast at 5.3%, and to average 8.1% to 2018/19.
Key Industry Trends
India Boosts JNPT With Road Link: A newly announced 27-mile expressway, which will connect India's port of Jawaharlal Nehru (JNPT) with the country's interstate highway system, will be a major boost to the BRIC (Brazil, Russia, India, China) nation's logistics sector. JNPT experienced a contraction in both tonnage and container volume growth in 2012 and is on course to continue this trend in 2013, as economic troubles continue to affect India's main trade partners.
SCI Sells Tanker To Fight Short-Term Woes: State-run Shipping Corporation of India Ltd (SCI)'s decision to sell one of its four very large crude carriers (VLCC) stems from the firm's rush to avoid posting a third consecutive year of financial losses and the threat of losing its navratna status, which gives the firm financial autonomy from the state. The company has picked a good time to sell the VLCC as freight rates for this ship size are currently high, which will likely encourage interest from buyers in the vessel.
Indian Railways To Hike Commodity Freight Rates: Freight services provider Indian Railways has confirmed that it is to hike its bulk commodity freight rates by 15% on existing levels. The increase will cover the October 1 2013 to June 30 2014 season, exempting the container and automobile segments.
Key Risks To Outlook
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