PSA Terminal leads Nhava Sheva Port revenue growth in fiscal 2023

Nhava Sheva Port (JNPT), India’s busiest public gateway, recorded an all-time high throughput in the 2022-23 fiscal year ended March 31, according to the latest port data.

The combined volume of five container terminals reached 6.05 million TEU, up 6.4% year-on-year.

PSA Mumbai (BMCT) reported an excellent performance, with annual throughput increasing 33% to 1.7 million TEU at calls, a 58% increase over the previous year.

BMCT started operations of the first phase in early 2018 with a planned capacity of 2.4 million TEU. Work on the Phase II development is ongoing and the project is currently scheduled to be operational in April 2025. When fully expanded, the terminal will have a capacity of 4.8 million TEU.

Gateway Terminals India (GTI), also known as APM Terminals Mumbai, has seen relatively flat growth, apparently due to capacity constraints. The terminal handled 1.85 million TEUs in the fiscal year, while ship calls fell by about 7%.

DP World has two terminals in Nhava Sheva, NSICT and NSIGT. The former handled 1.1 million TEUs in the 2022-23 financial year, up 16% year-on-year, while the latter recorded 1.14 million TEUs, down 4%, according to new data.

The Port of Nhava Sheva experienced a massive surge in export containers in March, straining its infrastructure which was under severe pressure due to the closure of a berth at APMT Mumbai for the installation of new cranes.

In addition, the infrastructure of the recently privatized port-owned JNPCT facility will be upgraded. As a result, cargo flows through the port were affected, unbalancing reefer movements in particular.

A consortium led by CMA Terminals (CMAT) and Mumbai-based JM Baxi Group has been awarded the rights to modernize JNPCT, which has been renamed Nhava Sheva Freeport Terminal (NSFT).

“With CMA Terminals Holding’s experience of 50 active port terminals in 33 countries, as well as JM Baxi Ports & Logistics’ strong track record of managing brown field terminal concessions in India and two container terminals, the consortium is well positioned to implement the Visakhapatnam plan and Kandla,” CMA CGM said in a recent statement.

The company further noted, “The Nhava Sheva Freeport Terminal’s offering is further enhanced by its intermodal connectivity via a rail freight corridor linking the terminal to the major centers of production and consumption in India. This offers terminal customers high-quality integrated services at sea and on land.”

It added, “With this new concession agreement, CMA CGM expands its terminal footprint while supporting the growth and efficiency of its commercial and operational activities in India.”

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