Tuesday, July 27, 2021
Home Business Paradip Port posts growth in volume for the first time in 10...

Paradip Port posts growth in volume for the first time in 10 months


Paradip Port Trust, India’s second-biggest state-owned port by cargo handled, has turned a corner, to post a growth in volumes since the financial year began in April.

The port located in Odisha handled 93.608 million tonnes (mt) of cargo during April and January of FY21 compared to 93.387 mt during the same period last year, posting a growth of 0.24 per cent.

India’s dozen state-owned ports handled a combined 542.136 mt of cargo during April to January, 7.44 per cent lower than the 585.732 mt handled during the same period last year.

Till December, barring Mormugao Port Trust, all the other 11 port trusts were hit by volume declines triggered by the coronavirus induced demand destruction. However, the extent of volume decline year-on-year has been reducing since July, suggesting a recovery in India’s external trade, according to the ministry of ports, shipping and waterways.

Mormugao Port Trust handled 17.190 mt of cargo between April and January, 28.12 per cent more than the 13.417 mt handled during the corresponding period last year, according to the ministry of ports, shipping and waterways.

Deendayal Port Trust, India’s biggest state-owned port by cargo volumes, handled 95.094 mt of cargo during April-January period, 6.74 per cent lower than the 101.965 mt handled a year earlier.

Jawaharlal Nehru Port Trust, India’s biggest state-owned container gateway, handled 51.232 mt during April-January from 56.774 mt a year ago, registering a decline of 9.76 per cent.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Apple, Microsoft, Alphabet Earnings: 3 Things to Watch By Investing.com

© Reuters. By Dhirendra Tripathi Investing.com -- Quarterly earnings take center stage this week, kicking off with Tesla Inc (NASDAQ:)’s results after the closing...

Citizen’s crime livestreams are no substitute for local journalism – TechCrunch

In May, the neighborhood crime-watch app Citizen offered its user base $30,000 to track down a suspected arsonist on live video, only to...

Pak PM Khan’s party wins most seats in PoK legislative elections marred by irregularities, violence

Prime Minister Imran Khan's Pakistan Tehreek-e-Insaf party is set to form the next government in Pakistan-occupied Kashmir (PoK) as it emerged as the...

Recent Comments

Close Bitnami banner
Bitnami