Cargo volumes up 13% in Indian ports in November

Cargo volumes up 13% in Indian ports in November

Mumbai: Cargo volumes in Indian ports expanded 13% in November at 48.2 million tonnes as against 42.5 million tonnes in the year-ago period, mainly powered by iron and coal cargo traffic.

Cargo traffic also grew 3.4% in November over the previous month.

“December is likely to witness a marginal growth due to Christmas and New Year, for which orders have already been despatched to foreign countries. But the volume growth has not been substantial," a top official of the Indian Ports Association (IPA) said.

November witnessed the second-highest monthly cargo traffic since April 2008.

Driven by a 41% growth in coal traffic, Paradip Port, Orissa, witnessed the highest growth year-on-year at 43%, followed by Chennai Port at 27%, where increase in container traffic pushed growth.

Overall, 12 ports registered a cargo traffic growth in November with Visakhapatnam posting a 19% and Mumbai an 18% growth.

Solid cargo constituted 50% of the total cargo at major ports followed by liquid cargo (32%) and containers (18%), according to IPA data.

Three ports on the east coast—Chennai, Tuticorin and Kolkata—clocked a growth in container traffic, while JNPT’s container traffic declined by 4.4% in the year-to-date FY 10 period.

JNPT is in close proximity to Mumbai.

The four ports cumulatively account for 57.8 million tonnes (89%) of the total container traffic in the country, the data said.