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Cargo volume across major ports rises more than 3% to 72.04 MT in May

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Logistics 04 Jun 2024 11:44 AM IST Business Standard

Cargo traffic across the country's 12 major ports climbed by 3.75% year on year in May to 72.04 million tonnes (MT) from 69.43 MT handled in the same month of 2023, with nine of these ports reporting positive growth.

According to data supplied by the Indian Ports Association (IPA), the leading group representing major ports, Visakhapatnam Port recorded the highest cargo growth in cargo handling during the reporting month at 22.05%. Chennai Port, Cochin Port, Mumbai Port, and Chennai Port came in second, third, and fourth, respectively.

The 12 major ports are Jawaharlal Nehru Port, Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V O Chidambaranar), Visakhapatnam, Paradip, and Kolkata (including Haldia). According to the IPA, VO Chidambaranar Port saw a 5.59% increase in its cargo handling during the previous month, while Paradip Port 4.27%, Deendayal Port with 3.49%, New Mangalore Port with 1.87% and JNPA with 1.78%.

The ports that saw a decline in cargo handling during May this year include SMP, Kolkata Port, with a 15.70 drop, followed by Kamarajar Port and Mormugao Port, which witnessed 3.58% and 10.55 declines, respectively. IPA attributed the fall in cargo handling traffic at KDS to a reduction in coking and other coal by -71.75% and finished fertilizers by 43.53%, among other factors.

The major ports' operators body also said that during May 2024, Deendayal Port handled the highest traffic volume at 12.71 MT and commanded a 17.64% share of the total cargo handled across 12 ports. This was followed by Paradip Port with 12.64 MT and 17.55% share, Visakhapatnam Port at 8.57 MT with 11.90% share, JNPA at 7.45 MT with 10.34% share and Mumbai Port at 5.79 MT with 8.04% share, according to the IPA.