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Transformation of India's supply chain relative to Colombo transhipment

Published by February 25,2020

IHS media reports that data from the Port of Colombo, which controls most of India's transshipment cargo, indicates that the trend has shifted to the Indian supply chain.

 

The reason is that the Indian Coastal Reform, which was implemented in May 2018, allows foreign shipowners to enter the Indian coastal market to transport containers for transhipment.

 

The report said that Colombo's growth was considerable last year, but its dominance in Indian cargo has sharply eased due to large-scale capacity expansion efforts.

 

 

For example, Colombo's throughput in 2019 was 7.2 million TEUs, an increase of 3% year-on-year, of which India's transshipment cargo contributed 4.6 million TEUs, which was a significant drop from 5.5 million TEUs in the 7.05 million TEUs in 2018.

 

It should also be noted that most of the increase last year came from cargo moving to and from other ports in the region (Karachi, Chittagong and Dubai). The total cargo volume of Bangladesh in 2019 is 59,552 TEUs, which is higher than the previous 52,043 TEUs.

 

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