PORT PERFORMANCE SIGNALS SHIFT IN CARGO TRAFFIC

As reported by ICRA, Cargo traffic at India's 12 major ports which accounts for 58% of India's total seaborne cargo showed a decline of 2.6% in 2012-13 compared to 1.7% decrease in 2011-12.

CAUSES OF DECLINE IN CARGO TRAFFIC

At a time the cargo traffic at major ports are conveying sluggish signals, non-major ports in the country are reported to be doing better and are outpacing major ports in cargo traffic growth. 

Non-major ports handled nearly 42% of the maritime freight traffic of the country during 2012-13.

  

According to ICRA, the cargo growth outlook for the Indian Port Sector continues to be strong over the medium to long term driven by the domestic requirements of coal, power, crude oil, domestic petroleum requirements and containers given the cost and logistical advantages associated with containerization.

The growth in quantity cargo handled at non-major ports has been primarily driven by growth in non-major ports in Gujarat which account for about three-fourth share in cargo handled at non-major ports.

 

TRAFFIC HANDLED BY NON MAJOR PORTS