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You are here : IndiaNotes >> Research & Analysis >> Industries >> Miscellaneous >> Research

Ports: Cargo volume declines 5.7% y-o-y

Motilal Oswal | 23 Sep, 2010  | Follow Author | Add to my Favourites 
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In August 2010, cargo traffic at major ports in India fell by 5.7% y-o-y to 42.8mt. Cargo traffic fell 4.5% sequentially.

Cargo volume declined in August as the monsoons picked up significantly, leading to 6% above normal rainfall in the month. In August 2009, monsoon levels were 27% below normal. In YTD FY11, cargo traffic at major ports grew 0.6% YoY to 226.9mt (against 225.5mt in YTD FY10).

Iron ore export ban hits volumes, POL, container traffic decline: All-India iron ore cargo declined by 32.4% y-o-y to 4.6mt from 6.7mt a year earlier owing to a ban on the export of iron ore by the Karnataka state government. Besides, POL cargo declined 8.7% y-o-y to 13.8mt and container cargo declined 2.6% to 8.3mt. Coal volume was up by 6.6% at 6mt and fertilizer cargo volume was up 63.4% at 2.2mt, on a lower base.


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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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