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Portall Infosystems wins deal to build, run National Logistics Portal - Marine
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India: Charting course for maritime growth | Hellenic Shipping News Worldwide
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Charting course for maritime growth © Provided by The Financial Express Therefore, there are plans to increase the transshipment capacity through accelerated operationalisation of such ports, development of green-field TS ports at Kanyakumari and Campbell Bay as additional transshipment hubs in a phased manner, and increase capacity of existing ports like Cochin.
By Mansukh Mandaviya
Invest in our ports. Invest in our people. Let India be your preferred trade destination. Let Indian ports be your port of call for trade and commerce, PM Narendra Modi said at the Maritime India Summit-2021, inviting global investors. His words define the aspirations of New India and its ports & maritime sector.
Global Ports and Terminal Operations Market Rapid Economic Growth, Strategic Assessment With and Top Players
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Global Ports and Terminal Operations Market
Global Ports and Terminal Operations market was valued at US$ 3,135.3 Mn in 2020 and it is expected to reach at US$ 6,030.0 Mn by 2027, growing at CAGR 9.9% during the period, 2017-2027. Increasing seaborne trade across the globe will prominently drive the port terminal market size. According to the United Nations Conference on Trade and Development (UNCTAD), in 2018, the seaborne trade surged by around 4% as compared to 2017. The sea freight services provide multiple benefits such as large cargo space availability, economical & safety. Expansion of maritime logistics services will drive the industry growth over forecast period.
Europe is expected to witness the highest CAGR during the forecast period. Ports in Europe are smaller; however, handle a large amount of cargo. Also, the European ports are not capable of competing on port size alone as ports with comparatively less size or capacity handle as much traffic as large-sized ports