India's April to August container cargo handling drops 25pc
INDIA's container cargo handling at major ports dropped about 25 per cent from April to August throughout the Covid pandemic, reports the Press Trust of India
04 October 2020 - 19:00
The container cargo decreased by 22.4 per cent to 49.26 tonnes during the period. These ports had handled containers equivalent to 4.34 million TEU and 63.53 tonnes compared to the previous year.
Rating agency Icra expects the container segment to be more negatively impacted. Meanwhile, general cargo throughput may see a five to eight per cent contraction for the full year, and the container segment may drop 12 to 15 per cent.
The total cargo traffic includes container cargo, coal, fertilisers, petroleum products, and more. The ports have seen a 16.56 per cent drop in cargo handling to 245.04 tonnes between April and August this year.
August has seen a decline for the fifth straight month in cargo volumes with all ports barring Mormugao saw negative growth. The 12 ports had together handled 293.67 tonnes of cargo from April to August in 2018 to 2019.
Chennai, Cochin, and Kamrajar saw their cargo volumes drop about 30 per cent from April to August, while Mumbai's JNPT and Kolkata saw a drop of over 20 per cent.
India's 12 major ports handle 61 per cent of the country's total cargo traffic. These ports handled 705 tonnes of cargo last fiscal.
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