Friday, November 22, 2024
spot_img

Cargo Traffic at Major Indian Ports Increases by 5.92% in July

Share post:

Cargo traffic at India’s 12 major ports rose by 5.92% in July, reaching 70.08 million tonnes (MT), up from 66.17 MT in the same month last year. This information comes from the Indian Ports Association (IPA), which tracks and reports on the performance of these ports.

Positive Growth at Most Ports

The IPA data revealed that 10 out of the 12 major ports experienced positive growth in cargo traffic. The ports that showed increased cargo handling included Cochin, Visakhapatnam, and Jawaharlal Nehru Port (JN Port).

Cochin Port led the growth with a 24.77% increase in cargo traffic. Visakhapatnam Port followed with a 10.80% rise, and JN Port saw a 9.07% increase. Other ports like Chennai, Deendayal (Kandla), and V.O. Chidambaranar (Tuticorin) also posted significant growth rates of 8.89%, 7.13%, and 6.74%, respectively.

Modest Increases and Declines

Some ports recorded modest increases in cargo traffic. Paradip Port saw a 3.60% growth, Kolkata Port (including Haldia) had a 2.26% rise, and Kamarajar Port (Ennore) experienced a 0.69% increase. New Mangalore Port registered a slight growth of 0.18%.

However, not all ports saw growth. Mumbai Port and Mormugao Port experienced declines in cargo traffic, with drops of 1.23% and 1%, respectively.

Overview of Major Ports

The 12 major ports in India include Deendayal (Kandla), Mumbai, Mormugao, New Mangalore, Cochin, Chennai, Ennore (Kamarajar), Tuticorin (V.O. Chidambaranar), Visakhapatnam, Paradip, Kolkata (including Haldia), and Jawaharlal Nehru Port.

The overall increase in cargo traffic at major Indian ports in July reflects a positive trend in the country’s maritime trade. With significant growth at most ports, the data from the Indian Ports Association highlights the robust performance and potential for continued growth in India’s port sector.

This growth is essential for the economic development of the regions these ports serve, providing vital support for trade and commerce.

Related articles

Physics Wallah Appoints Amit Sachdeva as New CFO

Physics Wallah (PW), a leading edtech company, has appointed Amit Sachdeva as its new CFO (Chief Financial Officer)....

Ugaoo Raises Rs 47 Crores in Series A Funding to Expand Urban Gardening

Ugaoo, a leading urban gardening company in India, has successfully raised Rs 47 crores in its Series A...

LAPP India Appoints Sumit Mitra as New Managing Director

LAPP India, known for its cable and connectivity solutions, has named Sumit Mitra as its new Managing Director...

Emami Profit Rises 19% Despite Consumer Spending Decline in Q2FY25

Emami Limited has reported a 19% increase in its profit after tax (PAT), reaching Rs 213 crore in...

Ready to Revolutionize Your Business?

Request a quote or schedule a call today!