Container lines look to India for more business
CONTAINERSHIP operators sailing to and from India are starting to explore opportunities in the breakbulk or heavy and/or outsized project cargo markets to make up for a shortfall in containerised cargo traffic.
DP World-operated Nhava Sheva (India) Gateway Terminal (NSIGT) at Jawaharlal Nehru Port Trust (JNPT), for example, handled an oversize shipment weighing 79 tonnes, said to be the heaviest-ever lift at the country's busiest public container port, reported IHS Media.
The out-of-gauge cargo was loaded on the Maersk Guayaquil operating as part of the Danish carrier's Europe-Middle East (ME1) service.
Damco, Maersk Group's logistics and freight forwarding arm, also regularly moves heavy loads to and from India.
Project cargo demand in India is expected to increase at a compounded annual growth rate of 17 per cent to US$19 billion by 2020, according to industry estimates.
That projected rate could further rise as New Delhi pumps roughly $180 billion into port modernisation, port connectivity improvement, port-led industrial development, and coastal community development in the coming years as part of its mammoth Sagar Mala scheme.
NSIGT's fiscal year 2016 to 2017 throughput ballooned to 445,111 TEU from 202,328 TEU the prior year, according to port statistics compiled by JOC.com.