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STEADY GROWTH FOR INDIAN PORTS

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Source: the maritime standard, April 16, 2019

For the financial year just ended, India’s 12 major ports achieved a 2.9% increase in cargo volumes, with 699 million tonnes passing across their quays. This compares to 679 million tonnes in 2017-18, a year when the growth rate was 4.77%, so there has been a marked slowdown overall.


The increase in Indian major port throughput was mainly a reflection of higher volumes of coal, fertilisers and containers. Coking coal volumes handled by the 12 ports categorised as being ‘major’ surged by 14.25 %, to 57.50 million tonnes, during the 2018-19 financial year, while thermal coal volumes were up by around 9%. Container traffic levels also remained healthy, with an 8.84% rise in tonnage terms compared to the previous 12 months.


Kandla port achieved the highest traffic volume, at 115.40 million tonnes during 2018-19, followed by Paradip (109.27 million tonnes), JNPT (70.7 million tonnes), Visakhapatnam (65.3 million tonnes), Kolkata with Haldia (63.71 million tonnes) and Mumbai (60.58 million tonnes).


Last year India’s major ports handled about 60 per cent of the country’s total cargo traffic, continuing a market share increase seen since 2014-15. The share of major ports in total Indian seabourne traffic was 55 per cent in 2014-15 and 58 per cent in 2017-18.

News Source: The Maritime Standard
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