Cargo volumes fall in India's dozen state-owned major ports
CARGO volumes handled at India's dozen state-owned major ports continue to fall, reports Chennai's Hindu Business Line
CARGO volumes handled at India's dozen state-owned major ports continue to fall, reports Chennai's Hindu Business Line.
Throughput fell 18.06 per cent during April to July to 193.38 million tonnes from 236.01 tonnes a year ago as the Covid demand recession proceeds to disturb global trade.
Other than the Mormugao Port Trust, the remaining 11 major ports reported volume declines from April to July compared to the same timeframe last year. Kamarajar Port reported the steepest fall of 35.64 per cent.
Kamarajar Port is India's only state-owned port that is run as a company, handled seven tonnes as opposed to 10.87 tonnes last year.
Meanwhile, Chennai Port Trust handled 11.08 tonnes from April to July FY21 compared to 16.43 tonnes last year, which is a drop of 32.53 per cent. The container volumes at Chennai dipped to 323,000 TEU from 506,000 TEU, a decline of about 36 per cent.
The Cochin Port Trust managed 7.76 tonnes, which is 32.78 per cent lower than the 11.55 tonnes handled during the first four months of FY20. Container volumes dropped by 17 per cent to 167,000 TEU from 203,000 TEU.
Jawaharlal Nehru Port Trust (JNPT) is India's biggest container port located near Mumbai had a 27.69 per cent drop in volumes to 16.94 tonnes from 23.43 tonnes. The container port's container volumes dropped by 30 per cent, 1.192 million TEU from 1.738 million TEU.
Syama Prasad Mookerjee Port Trust, formerly known as Kolkata Port Trust, had a volume drop of 26.09 per cent to 16.050 tonnes from 21.717 tonnes. Meanwhile, cargo commerce at Mumbai Port Trust fell 19.79 per cent to 15.858 tonnes from 19.771 tonnes.
India's biggest state-owned port by volumes handled, Deendayal Port Trust, measured a 16.78 per cent decline in volumes to 34.11 tonnes from 40.99 tonnes.
Visakhapatnam Port Trust had an 11.26 per cent decline in volumes to 21.034 tonnes from 23.704 tonnes.
VO Chidambaranar Port Trust's cargo volumes fell 9.74 per cent to 10.57 tonnes from 11.71 tonnes. Meanwhile, Paradip Port Trust dropped 9.07 per cent 34.64 tonnes from 38.09 tonnes.
New Mangalore Port Trust measured a 4.60 per cent decline, 11.56 tonnes from 12.12 tonnes. However, Mormugao Port Trust reported a growth of 20.44 per cent, 6.76 tonnes from 5.61 tonnes.
All of the commodities but iron ore (including pellets and raw fertilizers) reported a drop in volumes.
Crude oil, petroleum products, LPG, and LNG declined 17.75 per cent to 63.66 tonnes. Other liquids fell by 19.43 per cent to 7.98 tonnes, while thermal and steam coal fell by 29.95 per cent to 23.19 tonnes.
Coking coal and others dropped by 32.26 per cent to 13.51 tonnes and containers by 28 per cent to 2.49 million TEU from 3.46 million TEU. Meanwhile, iron ore (including pellets) measured a growth of 24.27 per cent to 21.690 tonnes.