The Hindu Business Line : Concor domestic traffic up 17% in April-Oct

Kolkata, Nov. 11 If the present trend in domestic traffic growth persists, Concor may end the current fiscal with an average domestic traffic growth of 17-18 per cent. For exim traffic, it is yet to see light at the end of the tunnel.

“In 2008-09, the total throughput was 2.3 million TEUs and the figure for 2009-10, it is estimated, would be by and large the same; at best it could increase marginally,” according to Concor sources.

While the Concor’s domestic traffic growth so far this year has been good, the growth of export-import (exim) traffic has been negative. In first seven months (April to October), the domestic traffic growth has been 17 per cent on an average while the exim traffic growth declined by 6 per cent. Overall, there has been a negative growth of 2 per cent at a throughput level of 1.37 million TEUs during the period.

In October, when Concor’s domestic traffic growth was more than 32 per cent, the exim traffic posted a negative growth of 4.5 per cent.

Availability of boxes

As the sources point out, Concor has been able to cater to the growing domestic demand due to the availability of boxes, thanks to timely decision to purchase outright about 2,200 containers from China. About 1,300 of them have arrived, with the balance due to arrive soon. The impressive traffic growth on the domestic front has led many container leasing companies to approach Concor with an offer of more boxes on lease.

“We’ve not yet decided whether or not to accept the offers,” the sources observed adding, “let us see if the present surge in domestic demand persists”. Now, Concor has got about 14,700 boxes for domestic movement, about half of which has been acquired on lease.

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