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Jan 2011 cargo at major ports up 1% y-o-y

Motilal Oswal | 11 Feb, 2011  | Follow Author | Add to my Favourites 
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January 2011 cargo volume up 1% y-o-y at 51.7mt: In January 2011 cargo traffic at major ports was 51.7mt, up 1% y-o-y and up 2% m-o-m. YTD cargo volume growth was muted at 1.1% y-o-y at 468mt due to vigorous monsoons and a ban on iron-ore exports.

This is also reflected in the decline in solid cargo, which de-grew by 25% y-o-y against 86% y-o-y growth for liquid and 12% y-o-y growth for container cargo.

Container, coal, POL traffic grows, ban on iron ore exports hurts volume: POL volumes, which contributed around 30% to all-India cargo volumes, rose 3% in January to 15.7mt.

Container volume grew by 8% to 9.7mt and coal volumes grew by 5% y-o-y to 6.9mt. Volume growth in theses categories was offset by de-growth in iron ore (down 9% y-o-y) and fertilizer (down 9% y-o-y). YTD iron ore cargo de-grew 13%.

Mundra International Container Terminal (MICT) volumes up 30%: In January container terminal volume at MICT increased 30% y-o-y to 55,666TEUs.

ICD throughput at MICT increased 51% y-o-y to 13,231 TEUs against 8,713 TEUs a year earlier. January 2011 growth was mainly due to a low base in January 2010.


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About Motilal Oswal

Motilal Oswal was founded in 1987 as a small sub-broking unit, with just two people running the show. Today it has a 2000 member team with a networth of Rs7 bn and market capitalization as of March 31, 2008 at Rs19 bn.

 

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