CARGOCONNECT-OCTOBER2024 - Flipbook - Page 6
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In 2019, Amazon became the first
e-commerce entity to leverage
the country’s railway network by
entering into an operational engagement with the Railways to carry
parcels on Rajdhani Express on the MumbaiDelhi route. Since then, there has been a 15X
increase in movement of Amazon India’s parcels
in railway lanes. In 2023, Amazon became the
first e-commerce logistics company to leverage
railway’s Dedicated Freight Corridors (DFCs).
India’s Maritime
Amrit Kaal
Vision 2047 has
an investment
ambition of
`80,000 lakh
crore.
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In July 2024, DP World Cochin
managed approximately 40
additional vessel calls, successfully
handling ultra-large container
vessels (ULCVs). To bolster EXIM
trade from the state, DP World also inaugurated
its 75,000 sq ft state-of-the-art Cochin Economic
Zone (CEZ), located adjacent to the container
terminal to streamline trade operations. The
newly launched CEZ is Kerala’s first FTWZ and
India’s first economic zone within a major port.
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Paradip Port in Odisha is the highest
cargo handling major port in the
country. In FY2023-24, PPA became the
highest cargo handling port by handling
145.38 million metric tonnes (MMT)
cargo throughput. The goal under Vision 2047 is
to increase the port handling capacity to 10,000
million metric tonnes per annum (MMTPA).
65% of India’s EXIM cargo moves
through JNPT and Mundra Port and
both these ports are operating at
their 80% capacity. JNPA has an
annual capacity of 7.7 million TEUs
while it is operating at 6.5 million TEUs. Next
year, JNPA is set to add 2.5 million TEUs and
the total capacity will reach 10.2 million TEUs.
However, even with the additional expansion,
both JNPT and Mundra will be running at their
full capacities.
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The Vizhinjam Port, which is being
developed by Adani Vizhinjam Port
under a design, build, finance,
operate, and transfer model for a
period of 40 years, is set to become
the country’s first deep-water transhipment
port and is strategically located close to major
international shipping routes. The existing
600 mt berth is being expanded by 200 mt and
is set to be completed in time for the port’s
commissioning in October this year.
The Navi Mumbai International
Airport Ltd (NMIAL) is scheduled to
be operational by mid of 2025. The
airport has an apron area of 720,000
sq ft, a terminal area of 180,000
sq ft and a parking area for ten code C aircraft.
The International cargo terminal at the airport
will be spread across 255,000 sq ft, while the
domestic cargo terminal will be spread over
360,000 sq ft. In collaboration with Airport
Authority of India (AAI), NMIAL successfully
conducted a
test of flight
calibration
for its
Instrument
landing
System (ILS)
last month.
Although freight and time charter
rates experienced a decline in 2023
due to fleet growth outpacing market
demand, the Red Sea crisis extended
voyage times and heightened the
demand for ships this year. The appetite for new
ships remains strong, with year-to-date contracting already surpassing the total for all of 2023.
In fact, if the fleet had not expanded significantly
prior to the onset of the Red Sea crisis, it could
have triggered a major supply chain disruption.
The Colombo Port has been
recognised as the world’s fastestgrowing port in the first quarter
of 2024 with a 23.6% growth rate.
Reportedly, in 2023, the Sri Lanka
Ports Authority (SLPA) earned US$100 million. In
the meantime, aviation services to the country
have increased by 25% in the first quarter of
2024 compared to the same period in 2023.
With an estimated outlay of over
US$3.5 billion, the Port of Chancay
in Peru is one of the largest
investments to have arrived in Latin
America under the Belt and Road
Initiative, China’s global infrastructure and
connectivity programme. The port is expected
to become a hub in the South Pacific, serving
the north, east, and central regions of Peru and
redistributing cargo from countries like Chile,
Ecuador, Colombia, Brazil, and Paraguay.