India Shipping Report Q2 2014
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, but investment is now being made. However, this may be a case of too little, too late. Further, Indian ports' troubles have been compounded by a fall in demand in the eurozone, which has contributed to a fall in container throughput at many facilities in recent months. It is hoped that the projected return to growth in the currency bloc in 2014 will result in throughput growth returning to the major Indian ports.