Despite the stellar cargo growth in iron ore and liquid traffic, major ports managed to post only 3.24 per cent growth at the end of September. With 19.62 per cent growth, Cochin outperformed all other major ports. Ports on the eastern coast like Kolkata and Paradip registered traffic growth in upwards of 11 per cent. However, de-growth was observed in overall traffic volumes at Visakhapatnam, Kamarajar (Ennore), Chidambaranar and Mormugao ports, according to data by Indian Ports Association.
The deceleration in other key commodities like raw and finished fertilizers and coking coal contributed to the overall muted cargo growth. Raw fertilizers traffic slumped 4.2 per cent while the cargo figure for finished fertilisers was down by 2.55 per cent.
Thermal or steam coal shipments tanked by 16.37 per cent in the period, marking the single biggest fall by any commodity. Lesser volume of thermal coal was primarily due to decline in imports on better availability of domestic coal.
During April-July, the country imported 67.7 million tonnes of coal, a decrease of 8.5 per cent compared with the same period of last financial year.