01-07-2016

India: Total Cargo Traffic Handled at Major Ports Increases by 107.52 MT in April- May 2016

IP

The Ministry of Shipping has initiated many measures to improve the performance of ports which include mechanization of the terminals, improving the TAT (turn-around time), quick evacuation of cargo, expansion of infrastructure and skill development of employees. The slew of measures taken by the Ministry of Shipping to improve performance of Ports has started to yield positive results. The Major Ports in India handled 107.52 MT (Million Tonnes) of cargo during April-May 2016 and showed a positive growth of 6.3 percent as compared to a growth of 5.7 percent which it achieved last year in the same period. Out of the 107.52 MT of cargo handled during April-May this year, 55.1 MT was handled in the month of May alone showing a growth of 3.3 percent. Mormugao Port Trust showed the highest growth in traffic (105.6 %), followed by Paradip Port Trust (15.3 %), Vishakhapatnam Port Trust (13.5%), New Mangalore Port Trust (2.8%) and Kandla Port Trust at 2.1%.

The main reason for the phenomenal growth of traffic at Mormugao Port can be attributed to the increase in iron ore traffic at Murmugao Port which grew from 0.09 MT in May, 2015 to 1.7 MT in the month of May 2016. If the traffic growth of Major Ports in April-May is taken together and analyzed, Murmugao Port was a leader again with a growth of 125.9%. Paradip Port Trust came second with an increase of 17.2 %, followed by Vishakhapatnam (15.6%), Kandla Port Trust (8.4%), Cochin (3.4%) and New Manglore Port Trust at 1.7%.

In the same period (April-May 2016) Kandla Port Trust was the leader among Major Ports to handle cargo, Kandla Port handled 17.4 MT of cargo with a share of 16.2 %, a close second was Paradip Port Trust with 14.01 MT of cargo with a share of 13.1 %. Jawaharlal Nehru Port Trust (JNPT) had a share of 10.0% (10.8 MT) followed by Mumbai Port Trust at 9.8% (10.5 MT).

Vishakhapatnam Port Trust had a share of 9.6 % (10.3 MT), followed by Chennai Port Trust at sixth position with 8.0 % share (8.5MT). Mormugao port Trust (6.3% – 6.7MT), V.O Chidambaranar (5.7 % – 6.1MT), New Manglore Port Trust (5.5% – 5.8MT), HDC (Haldia Dock Complex) (5.0% – 5.3MT), Kamarajar Port Trust (4.8% -5.1 MT), Cochin Port Trust (3.7% – 3.9 MT) and KDS (Kolkata Dock System) (2.5% – 8.0 MT) formed the bottom half of the table.

Commodity-wise growth of cargo traffic at Major Ports

The months of April-May witnessed a growth in iron ore which showed a growth of 523.2% as compared to the same period last year. POL (Petroleum, oil & Lubricants) increased by 3.5% followed by Container at 0.7% as compared to the same period in 2015.

Commodities such as Fertilizer & FRM (7.4%), other Cargo (5.0%) & Coal (1.8%) showed negative growth in the same period.

In terms of composition of the cargo handled at Major Ports is concerned the largest commodity handled in the period of April-May 2016 was POL (35.8%), followed by Coal at (25.2%), container traffic (19.2%), other cargo (11%), Iron ore (7.0%) and Fertilizer and FRM (1.9%).

Source: Business Standard

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