Business Line reported that major ports in India witnessed a 2.4% rise in cargo traffic in August, on the back of increased container, coking coal and petroleum shipments.

Tamil Nadu’s Ennore port witnessed a sharp 35% rise in cargo traffic in the month, the fastest rate of growth among the 13 major ports in India. The higher growth rate was achieved due to a 19.5% increase in thermal coal traffic at the port.

Traffic at the Jawaharlal Nehru Port Trust registered a record YoY increase of 4.8% during the month, driven by higher container volumes.

The other major port in Maharashtra, the Mumbai port saw an even higher rise in cargo traffic by 12.8% in August on account of a 30.9% jump in petroleum, oil and lubricants consignments. The volume of POL was even higher at the Kandla Port in Gujarat, which handled 4.8 million tonnes of these products during the month. Coupled with a 23% rise in fertilizer cargo, traffic at the port was up by 7.1% during the month.

The Visakhapatnam Port was the only major port to record a YoY fall in volumes in August. The port handled 1.1 million tonnes of POL during the month under review, compared to 1.7 million tonnes in the corresponding year ago period. Combined with a 40.4% decline in iron ore traffic, throughput at the port fell by 18.6% in August.

Source - Business Line

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