Iron ore shipments surge 154% through major ports

Mormugao port was biggest gainer with a volume of 9.34 mt compared to 1.49 mt in the year-ago period

Iron ore cargo through major ports has logged the sharpest growth among all commodities in April-December period. Till the end of December, iron ore shipments were up from 12.7 million tonne (mt) to 32.4 mt, a rise of 154 per cent.

In terms of iron ore traffic, Mormugao port was the biggest gainer with a volume of 9.34 mt compared to 1.49 mt in the year-ago period. Led by iron ore, the Mormugao port recorded the highest growth of 62.51 per cent among all the major ports. 

Waiver of 30 per cent export duty on low-grade iron ore fines and lumps (with