Murmagao Port registers 46 percent growth in cargo handling in June, 2016

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Capital Market
Last Updated : Jul 07 2016 | 12:02 AM IST
Murmagao Port handled a total traffic of 16.99 lakh tonnes during the month of June, 2016 as against 11.63 lakh tonnes handled in June, 2015, registering a growth of 46 %. Traffic handled from April 2016 to June, 2016 by the port was 84.62 lakh tonnes as compared to 41.39 lakh tonnes handled during the corresponding period last year, which is a growth of 104%.

The growth was fuelled by a significant surge in iron ore exports and coal imports during the first quarter. Container traffic increased by 31% and general cargo by 8%.

The Ministry of Shipping has initiated many measures to improve the performance of the ports which include mechanization of the terminals, improving the TAT (turn-around time), quick evacuation of cargo, expansion of infrastructure and skill development of employees. The slew of measures taken by the Ministry of Shipping to improve performance of ports has started to yield positive results.

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First Published: Jul 06 2016 | 1:15 PM IST

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