Cargo handling at India’s major ports plunges 20pc

Published July 4, 2020
India’s 12 state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year. — AFP/File
India’s 12 state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year. — AFP/File

CHENNAI: Major ports in India, which handle more than half of the country’s seaborne trade, had a nearly 20 per cent fall in traffic during the quarter ended June, the Indian Ports Association (IPA) said, as coronavirus lockdowns slowed economic activity.

India’s 12 state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year, the IPA data showed.

The handling of major types of shipments such as crude oil, coal and containers fell, except for iron ore and fertilizers, the data showed.

The data showed that iron ore traffic rose 18.83pc in the quarter, which Atul Kulkarni, an analyst at CRU Group, said was a result of higher exports due to weak local demand for steel and clearance of stockpiles by miners in the south-western state of Goa.

“Exports will be lower for the rest of the year, as local demand increases and global logistics and supply of iron ore improves,” Kulkarni said.

Thermal coal imports fell nearly 35pc due to reduced power demand, while coking coal demand fell 29pc as local demand and production of steel fell.

Major ports make up 20-25pc of India’s annual imports of the fuel.

Five of the 12 ports handled 63pc of all shipments, IPA said, with Paradip on the east coast handling the highest traffic.

Published in Dawn, July 4th, 2020

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...