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Dec 11, 2012
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Cargo volumes of major ports dip 2.8% on slowing trade
Cargo volumes at India's dozen state-owned major ports fell by more than 2.8% between April and November as global trade slowed and increasing number of private minor terminals ate into the market. The 12 ports handled a combined 359.9 million tonne of cargo as against 370.6 MT handled in the year-ago period, data released by the Indian Port Association (IPA) showed. These ports are located at Kolkata, Paradip, Visakhapatnam, Ennore, Chennai, Tuticorin, Cochin, New Mangalore, Mormugao, Kandla, Mumbai and Jawaharlal Nehru Port (JNPT).
Experts say the volume of India's external trade handled by these ports has fallen to less than 60% from more than 75% until a few years ago.
Source -
http://economictimes.indiatimes.com
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