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Ports And Shipping  

Despite trade slump major ports achieve modest 3.6 pct growth in April-Oct

 
11/18/2009 02:30:00 PM
ESSAR

New Delhi, Nov (EPC News): The 12 major ports have posted a 3.6% growth rate in April-October 2009-10 over the corresponding period of 2008-09, by handling a combined cargo throughput of 314.63 million tonnes. The growth was primarily driven by petroleum, oil and lubricants (POL), iron ore and thermal coal.

Fertilisers (finished and raw), coking coal and containers saw a decline in traffic when compared to the same period of the earlier fiscal, according to the data compiled by the Indian Ports Association (IPA).

The growth rate during the seven-month period has also been better than that recorded during the first half this fiscal. In the April-September 2009 period, the Major Ports handled a total cargo of 267.97 million tonnes, registering a more modest 2.39% growth over the corresponding period of 2008-09.

Nevertheless, the April-October traffic is still lower by 5.5% when compared to the target of 332.99 million tonnes set by the Shipping Ministry for the period.

Commoditywise, the Major Ports handled 101.11 million tonnes of POL, which is 2.28% higher than that handled in the corresponding period of 2008-09.

Iron ore traffic witnessed a healthy 11.6% growth by the handling of 50.284 million tonnes during the period.

Finished fertiliser cargo, however, saw a 21.31% dip with the Ports handling 7.001 million tonnes, while raw fertiliser cargo handled by the Ports was down by 10.18% (at 3.335 million tonnes).

The 12 Major Ports handled 26.1 million tonnes of thermal coal, an increase of 13.02%, as against the cargo handled during the corresponding period of 2008-09.

And coking coal traffic fell by nearly 20% to 15.6 million tonnes.

 
 
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