Volume, Productivity Improved At Most Indian Ports In Q1-2024: S&P Global Market Intelligence

The volume of container movements increased at most Indian ports on a yearly basis during the first quarter of 2024, according to an analysis by S&P Global Market Intelligence, a financial information and analytics firm.

Oceanside port productivity (port-moves-per-hour) generally improved among ports the firm surveyed. In India, Jawaharlal Nehru Port in Mumbai registered a significant 36 per cent year-on-year improvement in performance in the first quarter of 2024.

Berth productivity at the large Indian ports was generally stable year-on-year. Among medium-sized ports, Pipavav port in Gujarat was the highest performer, delivering 125 berth-moves-per-hour (BMPH) during the quarter.

Further, the report noted India managed to reduce import dwell time for containers (-22 per cent year-on-year at larger ports; -41 per cent year-on-year at medium ports) at a greater rate than counterparts in Southeast Asia and China (-2.9 per cent year-on-year at larger ports; +1.6 per cent year-on-year at medium ports).

However, export dwell time for containers worsened at Indian ports. Median export dwell time rose to more than four days from 3.5 days the previous year period.

The dwell time for transshipment almost halved at large Indian ports while at the same time increased by more than 45 per cent at counterparts in Southeast Asia and China, the S&P Global Market Intelligence said. Further, the analysis found that Jawaharlal Nehru Port and Mundra Port both saw a significant decrease in vessel waiting time.

Medium-sized Indian ports also experienced lower year-on-year vessel waiting times, with major improvements at Pipavav, Chennai, and Krishnapatnam.