Container volumes to stay muted on subdued export-import ambience

Owing to pressure on profitability and the need for better and wider network, the port logistics industry has seen consolidation trends in the last one year

Growth in container trade operator (CTO) volumes is expected to remain muted in this fiscal on account of subdued export-import trade environment.

A report by ratings agency Icra shows that the overall CTO volumes recorded some improvement during Q2 of FY20. However, the overall outlook is poised to stay bleak.

Container Corporation of India Ltd (Concor), the market leader in the segment has already witnessed moderation in market share as it focused on profitable cargo, the report noted.

Across major ports, container volume growth has slowed to 3.5 per cent in April-October of FY20 as against 11 per cent growth