Containerization has bought revolution in the shipping industry
It was Malcolm Mc Lean owner of a huge trucking company in USA, Who first conceived the idea of containerization by transporting containers through ‘ideal –X’in 1956 and initiated a revolution in the history of shipping industry. Over the years, the industry has created a separate identity within the shipping world through continuous development and Maersk Lines, P&O Nedlloyd, Sealand service ,APL and other have come up as international major servicing customers all over the globe.
The growth of containerization in India has been slow and steady.The formation of container corporation of India(Concor)as an autonomous body under the ministry of railways in 1988 boosted the efforts at increasing Containersed traffic in the country. Over the years, volume of container traffic has experienced continuous growth and crossed the 2.0 million mark in last fiscal by registering a volume of 2.22 million TEUs in 1999-2000 at the major ports of India.
Of the 11 major ports of the country ,Jawaharlal Nehru port (JNP) Mumbai port have established as the gateway port for container traffic to India having a combined market share of around 60% of the total container traffic.
However, substantial investments have been made in recent times by private sector in the ports of Tuticorin and Cochin to overcome the backlog. Liberalization and privatization policy taken up by the government has resulted into the commissioning of new ports like Adani and Pipavav .While PSA corporation of Singapore is active in pipavav and tuticorin port, Chennai ansCochin ports are planning to rope in P&O ports for development and management of their container terminals. International liner major Maersk –Sealand is also considering to take stake in Adani Port to develop a container terminal .There is a very big infrastructure involved in container trade and lot of people and jobs.