In February, containerized trade at both major and minor private ports in India experienced noticeable growth, reaching nearly 1.9 million TEUs—a nearly 5% increase from January’s 1.8 million TEUs, as per exclusive port data.
Mundra Port, owned by the Adani Group, handled 635,000 TEUs, up from 618,000 TEUs in January.
Nhava Sheva Port (JNPA), the busiest public container handler, contributed 565,000 TEUs, showing an increase from 516,000 TEUs.
PSA Mumbai (BMCT) emerged as the largest terminal operator at Nhava Sheva, processing 158,000 TEUs, compared to 148,000 TEUs in January.
This positive throughput trend is significant amidst recent supply chain challenges due to the Red Sea crisis, with expectations of increased exports in March as freight rates show a downward correction.
Despite logistical challenges, India’s merchandise exports in January registered a 3% YoY increase, reflecting the resilience of the sector and exporting community, as noted by Israr Ahmed, President of the Federation of Indian Export Organisations (FIEO).