Port traffic stagnates for the second month in November
T— Mahatma Gandhi he seaborne traffic at the country’s 13 major ports stagnated at year ago level for the second month in November, against 4 per cent increase in September and 10 per cent in this month a year ago. Seven ports witnessed reduced volume during the month, whereas six others saw y-oy increase in freight, which included 37 per cent shoot up at Mormugao, 17 per cent at Chidamaranar and 7 per cent each at Kolkata and Kandla. Kamarajar (-13.5 per cent) and Cochin (-11.2 per cent) were among the ports witnessing decline in business volume. Among the cargoes, iron ore volume declined 5 per cent, fertilizer 16 per cent and thermal, coking coal 2223 per cent. However, general industrial cargo loading went up 33 per cent.
Cumulatively, total cargo handled at the major ports increased 3.3 per cent during April-November, less than 5.3 per cent in this period of 2014-15. The business volume at Mormugao was up 27 per cent on strong growth in thermal and coking coal, as also some revival in iron ore, which had been its main business a few years ago. The freight at Haldia and V.O.Chidambaranar expanded 19 per cent due to POL, thermal, coking coal and general industrial cargo in case of Haldia, and thermal coal, containers and general industrial cargo at V.O.Chidambaranar. Total cargo at New Mangalore declined 9 per cent during April-November due to reduced iron ore and coking coal freight. Paradip leads in thermal coal, followed by Kamarajar. Visakhapatnam leads in iron ore freight. Among cargoes, Iron ore loading declined 44 per cent and raw fertilizer 13 per cent, whereas finished fertilizer quantity shot up 22 per cent. Thermal coal loading increased 12 per cent during the first eight months of the ongoing fiscal.