The primary issue in Indian shipping continues to be the state of the nation''s ports. Investment in the 12
''major'' state-run facilities has not kept up with the demand engendered by the rapid economic growth
experienced in India over the past decade. This is leading to repeated issues of congestion in the ports;
investment is now being made, but this may be a case of too little too late. The contrast between these
creaking facilities and the newly built private ports which are increasing in number around the country is
stark.
Headline Industry Data
2012/13 Port of Kandla tonnage throughput forecast to grow 6.7%, and to average 7.6% to
2016/17.
2012/13 Port of Jawaharlal Nehru container throughput forecast to grow 0.9%, and to average
1.5% per annum to the end of our forecast period.
2012/13 trade real growth forecast at 3.8%, and to average 8.2% to 2016/17.
Key Industry Trends
Gujarat Becoming The Key Region For Indian Shipping: The state of Gujarat, in the north west of India,
is rapidly emerging as the key region for ports development in India. While the Mumbai port of
Jawaharlal Nehru (JNPT) suffers from delays, strikes and overcrowding from a lack of timely investment
in developing its infrastructure, the new, privately-operated Gujarati ports are enjoying rapid growth and
constant expansion, taking advantage of their location close to key Indian markets.
No Changes To Suggest Optimism: The Indian government has set a target to award INR145bn worth of
port projects in the current fiscal year of 2012/13 (April-March). At the moment, BMI believes this target
is unlikely to be met because no material changes have been made to improve the port sector''s difficult
business environment, the key factor deterring private investors from the sector.
Potential Cabotage Relaxation For ICTT: BMI believes that a trial relaxation of India''s cabotage laws for
vessels that transport goods via the International Container Transhipment Terminal (ICTT) at
Vallarpadam will be welcomed by the terminal''s operator, DP World. The move could see the facility
flourish as was intended, and even challenge Sri Lankan ports. Any relaxation of the laws will, however,
face opposition from various interested parties.
India Shipping Report Q4 2012 © Business Monitor International Ltd Page 6 Key Risks To Outlook
The key risk to our throughput forecasts for India''s ports continues to be the problem of congestion at the
state-run major ports.
India Shipping Industry
Published: October 2012 No. of Pages: 177 Price: US $ 1175
Table of Contents
BMI Industry View ... 5
SWOT Analysis 7
India Shipping SWOT ... 7
India Political SWOT 8
India Economic SWOT .. 9
India Business Environment SWOT 10
Global Overview – Container Shipping 11
More Positive Box Outlook In H212 ... 11
Box Supply Demand Imbalance Worsens 12
Concerted Rate Push Must Continue .. 21
Bunker Price Still A Worry . 24
2013: A Year Of Mega Realisation . 25
Containerisation Revolution Hits Dry Bulk 32
Global Overview – Dry Bulk Shipping .. 35
Stockpiling: A Threat To Dry Bulk Shipping ... 35
Overcapacity A Long Term Problem .. 38
Bankruptcies To Continue ... 41
Vale''s Forced Diversification Hedges Against China Slowdown . 45
Protectionism Trend Takes Off ... 50
Global Overview – Liquid Bulk Shipping . 55
Executive Summary: Unconventional Sectors To Outshine Traditional Crude 55
Dirty Tanker Index To Remain Depressed .. 56
Bunker Prices Down, But So Are Rates .. 61
Table: BMI''s Bunker Fuel Forecasts, 2010-2016 ($/Bbl) ... 61
Iran Sanctions Continue To Affect Crude Shipping 64
Saudi Arabian Merger Bad News For Other Operators . 66
Table: Biggest Operators Of VLCCs & ULCCs .. 67
Bullish On Golar LNG Prospects ... 68
Tight Market Creates Boom Times For Rig Sector . 72
Industry Trends And Developments 76
New Services ... 86
India Container Shipping Market Overview . 88
Industry Forecast .. 99
Jawaharlal Nehru Port Trust (JNPT) Throughput ... 99
Port of Chennai Throughput Outlook .102
Table: Major Port Data, 2009-2016 ..105
Table: Trade Overview, 2009-2016 ...108
Table: Key Trade Indicators, 2009-2016 ...109
Table: Main Import Partners, 2009-2016 ..110
Table: Main Export Partners (US$mn) ..110
Company Profiles 111
India Shipping Report Q4 2012
© Business Monitor International Ltd Page 4
Shipping Corporation of India (SCI) .111
Great Eastern Shipping (GE Shipping) ..114
Mercator Lines ..117
Varun Shipping ..121
Maersk Line ...123
Mediterranean Shipping Company (MSC) .129
CMA CGM .133
COSCO Container Lines Company Limited (COSCON)140
Hapag-Lloyd ..144
Evergreen Line ..149
APL 153
China Shipping Container Line (CSCL) 158
Hanjin Shipping (Container Operations) ...164
Mitsui OSK Lines (MOL) (Container)168
Demographic Outlook . 173
Table: India''s Population By Age Group, 1990-2020 (''000) ...174
Table: India''s Population By Age Group, 1990-2020 (% of total) ..175
Table: India''s Key Population Ratios, 1990-2020 .176
Table: India''s Rural And Urban Population, 1990-2020 ...176Table: BMI''s Bunker Fuel Forecasts, - ($/Bbl)
Table: Biggest Operators Of VLCCs & ULCCs
Table: Major Port Data, -
Table: Trade Overview, -
Table: Key Trade Indicators, -
Table: Main Import Partners, -
Table: Main Export Partners (US$mn)
Table: India''s Population By Age Group, - ('')
Table: India''s Population By Age Group, - (% of total)
Table: India''s Key Population Ratios, -
Table: India''s Rural And Urban Population, -
''major'' state-run facilities has not kept up with the demand engendered by the rapid economic growth
experienced in India over the past decade. This is leading to repeated issues of congestion in the ports;
investment is now being made, but this may be a case of too little too late. The contrast between these
creaking facilities and the newly built private ports which are increasing in number around the country is
stark.
Headline Industry Data
2012/13 Port of Kandla tonnage throughput forecast to grow 6.7%, and to average 7.6% to
2016/17.
2012/13 Port of Jawaharlal Nehru container throughput forecast to grow 0.9%, and to average
1.5% per annum to the end of our forecast period.
2012/13 trade real growth forecast at 3.8%, and to average 8.2% to 2016/17.
Key Industry Trends
Gujarat Becoming The Key Region For Indian Shipping: The state of Gujarat, in the north west of India,
is rapidly emerging as the key region for ports development in India. While the Mumbai port of
Jawaharlal Nehru (JNPT) suffers from delays, strikes and overcrowding from a lack of timely investment
in developing its infrastructure, the new, privately-operated Gujarati ports are enjoying rapid growth and
constant expansion, taking advantage of their location close to key Indian markets.
No Changes To Suggest Optimism: The Indian government has set a target to award INR145bn worth of
port projects in the current fiscal year of 2012/13 (April-March). At the moment, BMI believes this target
is unlikely to be met because no material changes have been made to improve the port sector''s difficult
business environment, the key factor deterring private investors from the sector.
Potential Cabotage Relaxation For ICTT: BMI believes that a trial relaxation of India''s cabotage laws for
vessels that transport goods via the International Container Transhipment Terminal (ICTT) at
Vallarpadam will be welcomed by the terminal''s operator, DP World. The move could see the facility
flourish as was intended, and even challenge Sri Lankan ports. Any relaxation of the laws will, however,
face opposition from various interested parties.
India Shipping Report Q4 2012 © Business Monitor International Ltd Page 6 Key Risks To Outlook
The key risk to our throughput forecasts for India''s ports continues to be the problem of congestion at the
state-run major ports.
India Shipping Industry
Published: October 2012 No. of Pages: 177 Price: US $ 1175
Table of Contents
BMI Industry View ... 5
SWOT Analysis 7
India Shipping SWOT ... 7
India Political SWOT 8
India Economic SWOT .. 9
India Business Environment SWOT 10
Global Overview – Container Shipping 11
More Positive Box Outlook In H212 ... 11
Box Supply Demand Imbalance Worsens 12
Concerted Rate Push Must Continue .. 21
Bunker Price Still A Worry . 24
2013: A Year Of Mega Realisation . 25
Containerisation Revolution Hits Dry Bulk 32
Global Overview – Dry Bulk Shipping .. 35
Stockpiling: A Threat To Dry Bulk Shipping ... 35
Overcapacity A Long Term Problem .. 38
Bankruptcies To Continue ... 41
Vale''s Forced Diversification Hedges Against China Slowdown . 45
Protectionism Trend Takes Off ... 50
Global Overview – Liquid Bulk Shipping . 55
Executive Summary: Unconventional Sectors To Outshine Traditional Crude 55
Dirty Tanker Index To Remain Depressed .. 56
Bunker Prices Down, But So Are Rates .. 61
Table: BMI''s Bunker Fuel Forecasts, 2010-2016 ($/Bbl) ... 61
Iran Sanctions Continue To Affect Crude Shipping 64
Saudi Arabian Merger Bad News For Other Operators . 66
Table: Biggest Operators Of VLCCs & ULCCs .. 67
Bullish On Golar LNG Prospects ... 68
Tight Market Creates Boom Times For Rig Sector . 72
Industry Trends And Developments 76
New Services ... 86
India Container Shipping Market Overview . 88
Industry Forecast .. 99
Jawaharlal Nehru Port Trust (JNPT) Throughput ... 99
Port of Chennai Throughput Outlook .102
Table: Major Port Data, 2009-2016 ..105
Table: Trade Overview, 2009-2016 ...108
Table: Key Trade Indicators, 2009-2016 ...109
Table: Main Import Partners, 2009-2016 ..110
Table: Main Export Partners (US$mn) ..110
Company Profiles 111
India Shipping Report Q4 2012
© Business Monitor International Ltd Page 4
Shipping Corporation of India (SCI) .111
Great Eastern Shipping (GE Shipping) ..114
Mercator Lines ..117
Varun Shipping ..121
Maersk Line ...123
Mediterranean Shipping Company (MSC) .129
CMA CGM .133
COSCO Container Lines Company Limited (COSCON)140
Hapag-Lloyd ..144
Evergreen Line ..149
APL 153
China Shipping Container Line (CSCL) 158
Hanjin Shipping (Container Operations) ...164
Mitsui OSK Lines (MOL) (Container)168
Demographic Outlook . 173
Table: India''s Population By Age Group, 1990-2020 (''000) ...174
Table: India''s Population By Age Group, 1990-2020 (% of total) ..175
Table: India''s Key Population Ratios, 1990-2020 .176
Table: India''s Rural And Urban Population, 1990-2020 ...176Table: BMI''s Bunker Fuel Forecasts, - ($/Bbl)
Table: Biggest Operators Of VLCCs & ULCCs
Table: Major Port Data, -
Table: Trade Overview, -
Table: Key Trade Indicators, -
Table: Main Import Partners, -
Table: Main Export Partners (US$mn)
Table: India''s Population By Age Group, - ('')
Table: India''s Population By Age Group, - (% of total)
Table: India''s Key Population Ratios, -
Table: India''s Rural And Urban Population, -
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