1. December tailwind for ports

December tailwind for ports

A surge in iron ore exports and rebound in POL has seen YTDFY17 volumes go up 7.5%

By: | New Delhi | Published: January 30, 2017 3:47 AM
A surge in iron ore exports and rebound in POL has seen YTDFY17 volumes go up 7.5% (Reuters) A surge in iron ore exports and rebound in POL has seen YTDFY17 volumes go up 7.5% (Reuters)

There was good news for India’s Major Ports (MPs) in December, with cargo growing 14% y-o-y, as against last year’s average of 7.7%—demonetisation has clearly had limited impact on overall volumes. A surge in iron ore exports and rebound in POL has seen YTDFY17 volumes go up 7.5%

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y-o-y. This growth was driven by ports on both the West (9%) and East coasts (5.9%).

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