These include NYK, MOL, CMA CGM, PSA, HPH, Evergreen, Container Corporation of India, Larsen & Toubro and Gammon India. A contract is expected to be awarded in September or October.
According to a recent Bloomberg report, Indian ports will have to double their container handling capacity within the next five years. If they don’t, they will miss out on a projected boom in box handling, which implies 15% annual growth in India. This is from a baseline throughput of 3.8m TEUs reported by the country’s eight leading box ports in 2004.
