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Date: 10/10/2024

Major Ports on a high this fiscal

The Major Ports are reportedly doing better than their private and state-government counterparts in cargo traffic growth to date this financial year, data from the Ministry of Ports, Shipping and Waterways shows. During 2024-25, cargo handled at Major Ports increased by almost 5% to 348.06 million tonnes (mt), driven by a 4.9% growth in overseas cargo and a 5.2% surge in coastal cargo. This is a major uptick for the Major Ports after Covid. On the other hand, private and state-government ports, also called non-major ports, saw a 2.8% increase in their cargo over the same period. While growth in overseas cargo, at 4.29%, has been competitive against Major Ports, a major decline in coastal cargo has left non-major ports lagging, as per a report.
 
source: Exim News Service; New Delhi, Oct. 9



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