Nhava Sheva Port BOT Operators Have Approved a Tariff Increase
Tariff increases of 7.27% have been approved by regulatory authorities for BOT terminal operators at India’s Nhava Sheva Port. PSA Mumbai has already raised its fees, while APM Terminals Mumbai and DP World Nhava Sheva will do so on May 1. Container lines serving the port have expressed concern about the potential impact on their ability to serve the trade, particularly given the port’s capacity issues and congestion. Cargo movements out of Nhava Sheva have been hampered as APMT Mumbai closed one berth for crane renovations, which are likely to last until early September. However, Nhava Sheva terminals handled 6.05 million TEU in FY22-23, an increase of 6.4% year on year.
Source of information – Container news
Nhava Sheva have achieved a throughput milestone despite the challenges posed by the pandemic
This highlights the need for better coordination between stakeholders including terminal operators and container lines to mitigate the impact of such disruptions