Overall cargo tonnage at major ports in India grew by a mere 1 percent in the April-August period compared with a year earlier, according to the latest preliminary traffic figures released by the Indian Ports Association.
The sluggish growth in the first five months of the fiscal year followed a 6 percent increase in throughput in the 2009-10 fiscal year ended March 31.
The 13 publicly-owned ports handled 227 million tons of cargo in the first five months of fiscal 2010-11, up from 225.5 million tons in the year-ago period.
Kandla topped volume at 33.4 million tons, followed by Visakhapatnam, 27 million tons; Chennai, 26.8 million tons; Jawaharlal Nehru (Nhava Sheva), 25.5 million tons; Mumbai, 22.6 million tons; and Paradip, 22.5 million tons.
The IPA data indicates the five-day shutdown coupled with operational restrictions at the ports of Nehru and Mumbai, following the collision of two ships in the main harbor channel Aug. 7, adversely impacted traffic growth as total volume in August declined to 42.8 million tons from 45 million tons on a year-on-year basis.
The Journal of Commerce Online
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