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Archive for the ‘Shipping’ Category

Indian Shipping Industry: Navigating Choppy Seas

The global shipping industry has recorded a feeble recovery since the global economic slowdown in 2008 and 2009. While trade has improved on the back of emerging economies, such as China and India, rising crude oil prices may act as a deterrent. ICRA believes that recovery of the shipping market is unlikely before 2013. 

Excerpts of Analysis Read more…

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Categories: Shipping

Shanghai becomes the largest port

April 29, 2011 Leave a comment

For almost five years Singapore retained the number one position among the world’s top container ports but in 2010 Shanghai finally overtook Singapore to become the leading box port. Its throughput in 2010 reached 29.1 million TEUs, whereas Singapore handled 28.4 million TEUs, reported The Hindu on April 24, 2011.

“The only Indian port that finds a place among the top 30 container ports is the JN Port in New Mumbai”, states report. Its position slipped from 24 to 25 in 2010 in spite of handling 4.28 million TEUs (twenty feet equivalent unit) and registering a growth of 10.9% over the previous year. Read more…

Categories: Shipping

Ports in India: Need a better regulatory framework

February 3, 2011 Leave a comment

Although pace of infrastructure development in India has been slow, the pace of infrastructure target announcement has not restrained. In January 2010, the Shipping Ministry announced ‘Maritime Agenda for 2011-20.’

While the agenda has 60 points, there still remains ambiguity on the amount and timelines in certain cases. Also, there are certain structural issues causing hurdles in rapid development of ports in India.

Singapore Port has surpassed the Indian ports by leaps and bounds. A quick comparison of Indian ports vis-a-vis the port in Singapore. Read more…

Categories: Infrastructure, Shipping

Shipping Industry in India: Updates

October 18, 2010 Leave a comment

Performance of the sector in September 2010: Read more…

Categories: Shipping