Major Ports register whopping growth of 2.41% in May this year

New Delhi, June 9: Favourable trade conditions and rules introduced by PM Modi-led central government have brought a major boost in the economy of the country. Notably, the major ports in India have recorded a growth of 2.41% and together handled 116.26 Million Tonnes of cargo during the period April to May 2018 as against 113.52 Million Tonnes handled during the corresponding period of previous year.

 

For the period from April- May 2018, Nine Ports (Kolkata (including Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayalhave registered positive growth in traffic.

Cargo traffic handled at Major Ports:

· The highest growth was registered by Kamarajar Port (11.69%), followed by Kolkata[incl. Haldia] (11.33%), Cochin(8.70%),Paradip (7.61%) and New Mangalore (6.66%).

· Kamarajar Port growth was mainly due to increase in Other Misc. Cargo by 28.16%, Other Liquids by 16.67%, Thermal& Steam Coal by 6.64% and POL by 5.99%.

· In Kolkata Port, overall growth was 11.33%. Kolkata Dock System (KDS) registered traffic growth of 2.00%. WhereasHaldia Dock Complex (HDC) registered positive growth of 15.64% which is highest among all the Major Ports.

· During the period April to May 2018, Deendayal (Kandla) Port handled the highest volume of traffic i.e. 19.66 Million tonnes (16.91% share), followed by Paradip with 17.43 Million Tonnes (14.99% share), JNPT with 11.70Million Tonnes (10.07% share), Visakhapatnam with 10.60 Million Tonnes (9.12% share) and Mumbai with 10.16 Million Tonnes (8.74% share). Together, these five ports handled around 60% of Major Port Traffic.

· Commodity-wise percentage share of POL was maximum i.e. 29.54%, followed by Container (20.36%), Thermal & Steam Coal (16.58%), Other Misc. Cargo (12.63%), Coking & Other Coal (7.70%), Iron Ore & Pellets (6.63%), Other Liquid (4.20%), Finished Fertilizer (1.34%) and FRM (1.03%).