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

Centre proposes digital property law to modernise registrations

In a landmark move to modernise India’s property registration system, the Central Government has released the draft Registration Bill, 2025, which seeks to replace the 117-year-old Registration Act of 1908. The proposed legislation introduces a fully digital, paperless, and citizen-centric framework for registering immovable property — a first for India’s real estate sector. Prepared by the Department of Land Resources under the Ministry of Rural Development, the draft bill proposes key changes such as online submission and registration of documents, electronic admission and verific..

Next Story
Infrastructure Transport

GMDA Approved to Cut 1,300 Trees for Gurugram Metro Construction

The Gurugram Metropolitan Development Authority (GMDA) has obtained approval to fell 1,300 trees between Millennium City Centre and Hero Honda Chowk for the Gurugram Metro project, officials stated on Monday.A senior GMDA official mentioned that the forest department had granted clearance the previous week. The official explained that permission had been received to cut down 1,300 trees, while approval for felling an additional 500 trees on the stretch from Hero Honda Chowk to Sector 9 was expected soon. They added that the modalities for tree felling would be coordinated with Gurugram Metro R..

Next Story
Infrastructure Transport

PIB Clears East-West Corridor for Lucknow Metro Project

The Public Investment Board (PIB) has granted approval for the East-West Corridor of the Lucknow Metro, with an estimated project cost of ₹5,801 crore. This corridor, part of Phase 1B of the metro project, will cover a distance of 11.165 km, stretching between Charbagh and Vasantkunj.The decision was made during a PIB meeting held in Delhi in the first week of May, which was chaired by the Union Finance Secretary. The approval followed the clearance of the detailed project report (DPR) by the Uttar Pradesh government in March 2024. Subsequently, the Network Planning Group (NPG) provided the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?