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Gujarat Pipavav Port sees mixed cargo performance in Q3 FY26

Gujarat Pipavav Port sees mixed cargo performance in Q3 FY26

Overview of Q3 FY26 performance
Gujarat Pipavav Port Ltd (GPPL) reported a mixed yet resilient operational performance during the third quarter of FY26. While container volumes witnessed a marginal year-on-year decline, the port delivered strong growth across dry bulk and Ro-Ro segments, highlighting diversification in cargo handling and operational strength.

Container throughput shows slight dip
During Q3 FY26, GPPL handled 174,000 TEUs, reflecting a 1.7 percent decline compared to 177,000 TEUs in the same quarter of FY25. Despite this moderation, container rail connectivity remained robust, with 438 container trains operated during the quarter, ensuring smooth hinterland connectivity and supply chain continuity.

Dry bulk volumes record strong growth
Dry bulk cargo emerged as a key growth driver for the port. Volumes increased to 0.87 million tonnes in Q3 FY26, up from 0.72 million tonnes in Q3 FY25. This represents a solid 20.8 percent year-on-year growth, underlining strong demand and efficient handling capabilities at the port.

Stable performance in liquid cargo
Liquid cargo volumes posted marginal growth, reaching 0.40 million tonnes during the quarter compared with 0.39 million tonnes a year earlier. This steady performance reflects consistent throughput across petroleum and liquid bulk commodities.

Ro-Ro traffic witnesses significant expansion
The roll-on/roll-off segment recorded notable expansion, with volumes rising sharply to 62,000 units in Q3 FY26, up from 44,000 units in the corresponding quarter last year. The growth in Ro-Ro traffic highlights increasing movement of automobiles and project cargo through the port.

Year-to-date cargo handling remains healthy
For the April–December 2025 period, GPPL handled 502,000 TEUs of containers, 2.45 million tonnes of dry bulk, 1.20 million tonnes of liquid cargo, and 161,000 Ro-Ro units. These figures reflect a healthy cumulative performance compared with the same period last year, supported by diversified cargo streams.

Major investment plans signal future growth
In a key strategic development, GPPL signed a Memorandum of Understanding with the Gujarat Maritime Board in October 2025. The MoU outlines proposed investments of ₹17,000 crore aimed at expanding port capacity and strengthening infrastructure, positioning Gujarat Pipavav Port for long-term growth and increased competitiveness.

Conclusion
The Q3 FY26 performance of Gujarat Pipavav Port underscores a balanced operational outlook. While container volumes faced short-term pressure, strong gains in dry bulk and Ro-Ro traffic, along with significant planned investments, reinforce the port’s role as a critical maritime gateway supporting India’s trade and logistics ecosystem.

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