India registers 10% growth in containerised trade in Q3 2018:Maersk

India's containerised trade with the world grew by 10 per cent year-on-year in the July-September quarter, a report by global container shipping company Maersk said Monday.

The demand for India-made goods such as vehicles and mechanical appliances as well as refrigerated cargo such as onions, meat, seafood, and pharmaceuticals have driven exports, the company said.

"Increasing competitiveness of Indian exports, coupled with improved demand in various destination countries, has propelled exports to grow at 10 per cent year-on-year.... Simultaneously, imports have risen 9 per cent year-on-year, largely dominated by a heavy inflow of paper, metal and white goods," the report said.

Overall, the containerised market has displayed strength, with far less fluctuation compared to the previous year.

Commenting on the healthy containerised growth, Steve Felder, Managing Director for Maersk Line South Asia said, "The upward movement in global commodity prices, depreciation of the Indian rupee and recent major shipping-logistics reforms such as liberalised cabotage policy and Direct Port Delivery are instrumental in supporting the export-import trade between India and global markets."