Business Standard

States, industry snub govt ports for private ones in coastal shipping

Between April and August, coastal cargo handled at state-owned ports increased by 1.3%, while it rose 21% at private ports

Shipping
Premium

Photo: Bloomberg

Dhruvaksh Saha New Delhi

Listen to This Article

Since the government’s announcement in the Union Budget to promote coastal shipping, cargo transportation along India’s coastline has increased. However, data from the Ministry of Ports, Shipping and Waterways reveals that the pace of growth is significantly higher for private ports than for state-owned ports.

Experts attribute this disparity to a combination of factors, including weak demand at major ports, a shift in supply chains towards private ports, and increased production and capacity at companies with captive ports. Consequently, there is a widening gap between coastal cargo volumes at major and non-major ports.

Between April and August, coastal cargo handled

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in