Covid-19 Fallout: Traffic At India’s Major Ports Falls By 20 Percent In June Quarter
Major ports in India, which handle more than half of the country’s seaborne trade, had a nearly 20 percent fall in traffic during the quarter ended June, the Indian Ports Association (IPA) said. As coronavirus pandemic deepens the economic slowdown in the country.
India’s twelve state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year, the IPA data showed.
The handling of major types of shipments such as crude oil, coal and containers fell, except for iron ore and fertilizers, the data showed.
Thermal coal imports fell nearly 35 percent due to reduced power demand, while coking coal demand fell 29 percent as local demand and production of steel fell. Major ports make up 20-25 percent of India’s annual imports of the fuel.
Five of the 12 ports handled 63 percent of all shipments, IPA said, with Paradip on the east coast handling the highest traffic.