JNPT records 5.11% growth in container traffic in Q1
The Dollar Business Bureau Jawaharlal Nehru Port Trust (JNPT), India’s biggest container port, recorded a rise of 5.11% in container traffic by handling 1.20 million TEUs, during the first three months of the current fiscal over the same period last year. “India’s largest container port, Jawaharlal Nehru Port Trust (JNPT), registered a 5.11% growth in container traffic in the first quarter of the current financial year by handling 1.20 million TEUs as compared to 1.14 million TEUs in the corresponding quarter of the last financial year,” Ministry of Shipping said in a statement. TEU or twenty-foot equivalent unit are used for measuring the cargo carrying capacity of a ship. Port owned container terminal, Jawaharlal Nehru Port Container Terminal (JNPCT) handled 4.01 lakh TEUs during the April-June ...
Indias oil imports fall 35% in July
The Dollar Business Bureau India’s oil imports contracted to $9.48 billion in July, registering almost 35% fall from the level of $14.57 billion recorded during the same month a year ago. This has led to a reduction in the country’s trade deficit. According to the latest government data, oil imports during July, 2015 were valued at $9.48 billion, down 34.91% from that of the corresponding period last year. The country’s total oil import during April-July has also come down by 37.91% to $34.14 billion from $54.99 billion recorded in the first four months of the last fiscal. Inbound shipment of crude oil has the largest contribution to India’s overall import bill. But falling oil prices in the international market in the ...
