+
Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis
PORTS & SHIPPING

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will be important factors to monitor.

Regarding coal cargo throughput, the agency predicts a Compound Annual Growth Rate (CAGR) of 3-4% from FY24 to FY26. Despite expectations of a 2-3% decrease in coal imports due to increased domestic coal production, they believe that coal cargo throughput at ports will still increase. The report suggests that the share of coastal cargo is projected to climb from 33% in FY24 to 42% by FY26. Maulesh Desai, director at CareEdge Ratings, explains that this growth will mainly result from the coastal movement of coal along the eastern coast, complemented by additional capacities and synergistic benefits. Furthermore, the government's emphasis on developing infrastructure for sectors like steel and cement, along with enhancing multimodal connectivity under the Maritime Amrit Kal 2047 vision, also supports the anticipated rise in coastal movements at ports.

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will be important factors to monitor. Regarding coal cargo throughput, the agency predicts a Compound Annual Growth Rate (CAGR) of 3-4% from FY24 to FY26. Despite expectations of a 2-3% decrease in coal imports due to increased domestic coal production, they believe that coal cargo throughput at ports will still increase. The report suggests that the share of coastal cargo is projected to climb from 33% in FY24 to 42% by FY26. Maulesh Desai, director at CareEdge Ratings, explains that this growth will mainly result from the coastal movement of coal along the eastern coast, complemented by additional capacities and synergistic benefits. Furthermore, the government's emphasis on developing infrastructure for sectors like steel and cement, along with enhancing multimodal connectivity under the Maritime Amrit Kal 2047 vision, also supports the anticipated rise in coastal movements at ports.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?