CareEdge Ratings sees container cargo growth at Indian ports slowing 300 bps y/y in FY26, hurt by steep U.S. tariff.

Credit rating agency expects 8% growth in India’s container volumes in FY26 vs 11% growth in FY25, 10% in FY24.

Expects overall cargo growth to taper to 2% in FY26 from 3% in FY25.

Says additional 25% U.S. tariffs on Indian goods, which took effect on Wednesday, “adversely impacting” sectors like home textiles, gems, shrimp products, among others.

Adds U.S. accounts for 20% of India’s exports; sea-borne trade with Washington (ex-electronics) accounts for ~5% of India’s total maritime shipments.

Adani Ports up 0.5%; set to rebound after four straight sessions of losses.

JSW Infrastructure rises 0.3%; eyes rebound after falling for three consecutive sessions.

Analysts say APSE more susceptible to tariff-induced global trade challenges than JSWN due to higher focus on containers.
Source: Reuters