India Set To Develop Three Transhipment Hubs As Part Of 2047 Megaport Plan

Some Indian ports have made good headway in following the Ministry of Ports, Shipping and Waterways plan of making Indian ports mega ports by the end of 2047. 

Ports in Andaman & Nicobar Islands’ Galathea Bay and those in Kerala’s Vizhinjam and Kochi region are on their way to becoming transhipment hubs, revealed the Shipping Secretary Sanjeev Ranjan. 

According to the Indian government’s ‘Bharat Pravah- India, along its shores’ outlook, these ports need to be developed as transhipment hubs, specially Galathea, as it is crucial for the passage of bigger ships into the Bay of Bengal. This will benefit India’s neighbours Indonesia, Bangladesh and Thailand. 

Transhipment Hub Kochi India
Image for representation purposes only.

Transhipment hubs are necessary to connect destination and origin ports in a ship’s journey. Until now, 75% of transhipment cargo in India has been managed by non-Indian ports. Ports like Klang, Singapore, and Colombo are responsible for 85% or more of India’s transhipment cargo. 

However, this plan is not without hiccups, as India’s containerization capacity is nearly half of other developing countries of the region. While other nations stand at 62-65%, India is stuck at 35%, revealed Jawaharlal Nehru Port Trust Chairman Sanjay Sethi. 

India is more into bulk shipping than container shipping, but it’s making good headway towards it, said the shipping secretary. 

Meanwhile, Adani Ports CEO Subrat Tripathy highlighted how India’s share in world trade should enhance with good infrastructure and reforms in the procedure. Currently, India’s global trade share is 2%. 

He further highlighted how a more extensive concession period in port handling helps, citing 99 year concession period in Bengal instead of a regular 30 years. This ensures a more significant capital cycle, loan structure and equity at the port terminals. 

APM Terminals MD Girish Aggarwal highlighted the necessity of automation and digitization for efficiency at ports that will decrease waiting time in queues as gates, trucks etc., get automated, and containers get an RFID tag for tracking their movements, thereby controlling the traffic.

References: The Hindu, Bharat Times

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

Leave a Reply

Your email address will not be published. Required fields are marked *