9 months ago
Pipavav Port Seeks Recovery in Containers
Pipavav Port in Gujarat is expecting a slow recovery in the number of containers they handle, even though they've been losing some market share because of problems with US tariffs.
The port is doing well in other areas like liquids, RoRo, and fertiliser cargo, which are helping them grow.
The first half of the year was tough, with a 5% drop in container volumes, but they think things will get better soon.
The US tariffs have been a big problem, but there are signs that things might improve.
The port is hoping to end the year with a small increase or at least no further decline in container volumes.
Pipavav Port expects a gradual recovery in container volumes despite a 5% decline in the first half of the year.
The port is strengthening its position in liquids, RoRo, and fertiliser cargo, which are key growth drivers.
US tariffs have significantly impacted container volumes, leading to a 9% decline in the latest quarter.
The liquids segment is operating close to full capacity and gaining market share.
The port anticipates container volumes to grow slightly in the current and next quarters, ending the year at -2% to 0%.
- Who
- Gujarat Pipavav Port Ltd.
- What
- Gradual recovery in container volumes expected, with growth in liquids, RoRo, and fertiliser cargo.
- Where
- Pipavav Port in Gujarat, India.
- When
- First half of the year saw a 5% decline in container volumes, with expectations of recovery in the near term.
- Why
- US tariffs have affected container volumes, but the port is strengthening its position in other cargo segments.
Key facts
- Company
- Gujarat Pipavav Port Ltd.
- Current Container Performance
- Down 5% in first half of the year
- Key Growth Engines
- Liquids, RoRo, and fertiliser cargo
- Expected Container Growth
- -2% to 0% for the year
- US Tariff Impact
- Significant de-growth in US-bound cargo
- Liquids Segment Performance
- Operating close to full capacity
- Market Share in Liquids
- Gaining market share
- Expected Recovery Timeline
- Near-term stabilization and gradual recovery
Quotes
Girish Aggarwal
Managing Director of Gujarat Pipavav Port Ltd.
“I think on the container side we’ve been losing market. The latest performance this quarter is essentially because of the tariffs imposed by the US. That has led to reduction in our volumes on our West-bound cargo or services… we are hearing news which are positive about resolution of the tariff situation between India and the United States and that will have a positive impact.”
thehindubusinessline.com
“I think, overall, in the first half (of this financial year) we are down by five per cent on the container volume, largely down in this quarter. Last quarter was broadly flat. This quarter, we declined by nine per cent essentially because of the US tariffs, where we’ve seen significant de-growth in some of the services.”
thehindubusinessline.com
Sources
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