Box volumes at India's major ports plunge 30pc in April-June: IPA
STATISTICS released by the Indian Ports' Association (IPA) show that container cargo handling at India's 12 major ports dropped 32
26 July 2020 - 19:00
In terms of tonnage, the container cargo declined 30.11 per cent to 26.34 million tonnes in the quarter. The twelve ports handled a total of 2.57 million TEU and 37.69 million tonnes in the same three-month period last year.
India's 12 major ports handle about 61 per cent of the country's total cargo traffic.
Indian ratings agency ICRA had earlier said that while all cargo segments are vulnerable, container segment is expected to be more adversely impacted due to Covid-19. While general cargo throughput may witness 5-8 per cent contraction for the full year 2020-21, the container segment may drop 12-15 per cent, it had said.
In the last financial year, the 12 major ports handled 705 million tonnes of cargo comprising container cargo, coal, fertilisers, petroleum products and other segments.
Ports like Chennai and Kamrajar saw their cargo volumes nosedive about 40 per cent during April-June, while Kolkata and JNPT suffered a drop of over 30 per cent, according to IPA data.
Cargo handling at Cochin port slipped 33.78 per cent to 5.63 million tonnes, while the same at JNPT declined 31.38 percent to 12.09 million tonnes. Kolkata port logged a fall of 27.26 per cent to 11.72 million tonnes, reports Mumbai's Moneycontrol.com.
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