Cargo traffic across major ports rises over 3% to 72.04 million tonnes in May

Cargo traffic across 12 major ports in India witnessed a 3.75% year-on-year increase in May, totalling 72.04 million tonnes (MT), with nine ports reporting positive growth. Notably, Visakhapatnam Port saw the highest cargo growth at 22.05%, followed by Chennai Port at 9.10%, Cochin Port at 7.78%, and Mumbai Port at 5.89%. The data released by the Indian Ports Association (IPA) revealed significant variations in cargo handling among the major ports, with some experiencing growth while others faced declines.

Among the major ports, Deendayal Port handled the highest traffic volume in May 2024, commanding a 17.64% share of the total cargo across 12 ports. Paradip Port, Visakhapatnam Port, Jawaharlal Nehru Port, and Mumbai Port also contributed significantly to the overall cargo traffic. However, ports like SMP, Kolkata Port, and Kamarajar Port witnessed declines in cargo handling, attributed to factors such as reduction in coal and fertilizer shipments. The IPA's report provides insights into the dynamics of cargo handling across India's major ports, reflecting both growth opportunities and challenges within the maritime sector.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.