Cargo traffic at 12 major ports up 6 per cent to 114 million tonnes in April-May

By: |
New Delhi | Updated: Jun 25, 2017 3:56 PM

India's top 12 major ports saw their cargo traffic go up by 5.56 percent to 113.63 million tonnes in April-May of 2017-18, riding on the back of a surge in demand.

cargo traffic, April data, ports, container traffic, Indian Ports Association, iron ore shipments, coking coal, Kandla port, Paradip port, shipping sector, exportsIncreased demand from sectors like iron ore and fertilisers and coking coal traffic led to higher movement of cargo during the last two months, according to the Indian Ports Association.(Photo: Reuters)

India’s top 12 major ports saw their cargo traffic go up by 5.56 per cent to 113.63 million tonnes (mt) in April-May of 2017-18, riding on the back of a surge in demand. These top ports, under the administrative control of the Centre, had handled 107.65 mt cargo in April-May 2016. Increased demand from sectors like iron ore and fertilizers and coking coal traffic led to the higher movement of cargo during the last two months, according to the Indian Ports Association. Iron ore traffic volumes moved up 33.28 per cent to 9.96 mt during April-May as against 7.47 mt in the same period a year ago while those of coking coal rose 12.67 per cent to 9.30 mt. Fertilizer traffic went up 20.09 percent to 1 mt.

The Kandla port handled the highest traffic volume at 18.86 mt during April-May this year, followed by the Paradip port at 16.19 mt, the JNPT 11.23 mt, Mumbai 10.99 mt and Visakhapatnam 9.98 mt, data showed. The Kolkata port, including Haldia, handled 8.88 mt of cargo while for Chennai port, it stood at 8.03 mt.  The volume of sea-borne cargo is essentially in the nature of derived demand and mainly shaped by levels and changes in both global and domestic activity. India has 12 major ports, namely Kandla, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Ennore, V O Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia), which handle approximately 61 per cent of the country’s total cargo traffic.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1GST: Notices to large number of firms declaring lower sales to avoid tax 
2RBI keeps repo rate unchanged at 4%, scope for a rate cut later
3Migrant crisis: House panel on labour to meet today on workers issues