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Cargo volume at major ports slip 21 pc to 47 MT in Apr; Chennai, JNPT severely hit

Business Finance

Press Trust of India  |  New Delhi 

The country's 12 major ports recorded a 21 per cent decline in cargo volumes to 47.42 million tonnes (MT) in April this year, mainly due to coronavirus outbreak, according to Indian Ports Association (IPA).

Ports like JNPT, Chennai, Cochin and Kamrajar witnessed huge decline in cargo handling, as per the latest data.

India has 12 major ports under the control of the Centre - Deendayal (erstwhile Kandla); Mumbai, JNPT; Mormugao, New Mangalore; Cochin, Chennai, Kamarajar (earlier Ennore), V O Chidambarnar, Visakhapatnam, Paradip and Kolkata (including Haldia) that handled 705 million tonnes (MT) cargo in the last fiscal.

These 12 major ports handled 47.42 MT cargo in April, down 21.08 per cent as compared to the corresponding month of 2018-19, as per the latest figures released by the port body IPA.

Chennai Port saw a massive 38.17 per cent fall in cargo handling to 2.44 MT, and JNPT declined by 33.97 per cent to 3.95 MT in April.

Cargo handling at Cochin port slipped 33.73 per cent to 1.87 million tonnes, and Kamrajar Port fell 30.03 per cent to 2.08 MT, the data showed.

Container trade was severely hit as it recorded a decline of 36.98 per cent in terms of TEU (twenty foot equivalent unit), followed by 30.46 per cent fall in thermal coal.

Rating agency Icra had last week said that while all cargo segments are vulnerable, container segment is expected to be more adversely impacted.

It said that while general cargo throughput may witness 5-8 per cent contraction for full year 2020-21, the container segment may witness a decline of 12-15 per cent during the same period.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sun, May 24 2020. 15:46 IST