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Date: 26/11/2024

Major ports’ cargo volume dips by 3.2 pc in Oct.

Major Ports recorded a rare 3.2% year-on-year (Y-o-Y) contraction in their cargo volumes during October 2024, primarily due to a fall in crude oil and coal shipments, according to government data. Traffic handled at the 12 Major Ports decreased last month to 68.22 million metric tonnes (mmt). Approximately, a fourth of this cargo arrived through coastal shipping. Overseas cargo handled by these ports decreased by 5.5% to 52.9 mmt in October, while domestic cargo shipped through coastal waters increased by 5.3% on-year to 15.9 mmt. 
 
Crude oil, which accounts for almost a fifth of the entire traffic, contracted in volumes by 8.8% to 12.9 mmt, while overall volume of petroleum products also fell. So far in FY25, traffic at the Major Ports has increased by 3.9% to 481 mmt, as per a report.
 
Source: Exim News Service: New Delhi, Nov. 25 



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