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Ports: Nov 2010 cargo volume up 3% y-o-y

Motilal Oswal | 08 Dec, 2010  | Follow Author | Add to my Favourites 
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In November 2010, cargo traffic at major ports was 49.8mt (up 3% y-o-y). All-India cargo volume grew 11.2% m-o-m, the first double-digit m-o-m growth in FY11. YTD cargo volume growth has been muted at 0.8% (365mt) on account of vigorous monsoons

POL and container traffic grows, ban on iron-ore exports continues: POL (petroleum, oil and lubricants), which contributed ~33.3% to all India cargo volume, witnessed 16% y-o-y volume growth during the month to 16.6mt. Container volume grew 17.2% y-o-y to 9.4mt. The growth in POL and container traffic set off the decline in iron-ore cargo. All-India iron-ore cargo de-grew for the seventh month in a row, registering y-o-y decline of 20.3% to 7.5mt in November 2010, as the state of Karnataka continued its ban on the export of iron ore. Karnataka, the second largest producer of iron-ore in India, has banned iron-ore exports in an attempt to curb illegal mining in the state.

Container cargo traffic at JNPT up ~16.5% YoY, all-India container traffic growth at 17.2% YoY: JNPT continued to witness double-digit growth in container cargo at 16.5% YoY to 4.97mt. All-India container traffic was up 17.2% YoY at 9.4mt. Container cargo was up 20% YoY to 2.2mt at Chennai, up 88% YoY at Kandla, and down 19.4% YoY at Kolkata.

Five ports post cargo traffic growth in November, Kandla posts highest growth of 47.5%: In November 2010, five ports posted traffic growth. At Kandla, cargo traffic was up 47.5% YoY, boosted by coal. At JNPT, cargo volume was up 15.8% YoY, boosted by container traffic.

Mundra International Container Terminal (MICT) volumes increased by 6.2% YoY: In November 2010, container terminal volume at MICT increased 6.2% YoY to 57,607TEUs. The ICD throughput at MICT decreased 5% YoY to 11,071 TEUs v/s 11,654 TEUs in November 2009.


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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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