ICICI Securities Limited
Major ports posted a decline of 12-13% in overall volumes in Q3FY22, mainly impacted due to a decline of 55-60% in the iron ore, 40% in coking coal and 13% in thermal coal. However, on the container side, in spite of the Exim challenges (unavailability of containers, higher ocean freight charges), volumes grew 8-9%. The greater trans-shipment volumes at Indian ports, may impact the container product mix for ports (while easing congestion at major transhipment ports such as Colombo and Singapore port). Adani Ports posted a 12% decline in overall volumes while JNPT reported 14% growth...
ICICI Direct released a Sector Update report for Brokerage Research Reports on 22 Sep, 2025.
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