Cargo traffic at 12 major ports up 6% to 56 MT in April


Cargo traffic at 12 major ports up 6% to 56 MT in April

Boosted by pick up in demand, India’s 12 major ports saw cargo traffic increase by 6.27 per cent to 55.75 million tonnes (MT) in April, the first month of the current fiscal. These top ports under the Centre had handled 52.46 MT cargo in April 2016. Increased demand from sectors like iron ore, coking coal and container traffic resulted in higher movement of cargo last month to 55.75 MT, as per the Indian Ports Association.

Iron ore traffic volumes were up 40 per cent to 5.37 MT during the month as against 3.82 MT in April 2016 while coking coal volumes surged by 15 per cent to 4.61 MT. Container traffic was up 9.78 per cent to 7 lakh TEUs (twenty food equivalent units) while POL (petroleum, oil and lubricants) volumes too surged by 7 per cent. Read more

Credits:financialexpress.com

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