India’s 12 major ports saw cargo traffic increase by 7.14% to 535.35MnT during the first 10 months of the current fiscal elevated by spike in demand. These important ports under the Centre had handled 499.68 MnT cargos during the FY17 (till Jan’17).
“Increased demand from various sectors including iron ore, POL and containers saw cargo traffic grow by 7% to 535 MnT” said a Shipping Ministry official
Iron ore traffic volumes more than doubled to 38.61 MnT during the period while POL (petroleum, oil and lubricants) volumes too climbed by 8%, the official said.
Kandla port handled the highest traffic volume at 88.47 MnT during the April-January period of the current fiscal followed by Paradip Port at 72.90 MnT, Mumbai Port at 52.94 MT, JNPT at 51.32 MnT and Visakhapatnam at 50.98 MnT, the Official said.
Chennai port handled 42.20 MnT of cargo while Kolkata Port including Haldia handled 40.57 MnT of cargo. The Volume of seaborne cargo is essentially based on the derived demand and it is mainly affected by the levels and changes in both the global and domestic activity.
Throughout the 10 months, Murmugao port recorded the highest growth in traffic at 61.95% followed by Paradip Port at 18.20%, New Mangalore at 13.60% and Cochin at 10.60%. Three of the ports that witnessed downward growth during the period are Kamrajar 4.16%, JNPT at 4.15% and Kolkata 2.46%.
India has 12 major ports: Kandla, Mumbai, JNPT, Marmugao, New Mangalore, Cochin, Chennai, Ennore, V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia) which handle approximately 61% of the country’s total cargo traffic.
India’s iron ore exports jump five times in FY17- As per customs data tracked by SteelMint, India has exported 16.99 MnT iron ore in FY17 (till Jan’17) against 3.42 MnT iron ore in the same period last fiscal.
~Sourced~
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