In fiscal 2007-08, cargo traffic growth was at 519.15 MT up 11.94% from 463.78 MT in 2006-07. ??The official said, “[impressive growth rate of earlier years]...was maintained in first half of the fiscal. But being a part of the global chain we cannot escape from the slowdown impact.” With growth of only 0.9%, box traffic was worst hit in terms of tonnage. ??
Over above period, Mumbai and Kolkata inclusive of Haldia were worst-hit as traffic handling respectively was down 9.05% y/y and 5.72% y/y. Traffic at Cochin was down 3.68% and at Visakhapatnam and Ennore fell respectively by 1.07% and 0.54%.
Capacity of major ports was affected and increased marginally to 555.67 MT in fiscal 2008-09. The government could totally add only 25 MT to the existing capacities of 12 major ports over this period. As of 31.03.2008, overall capacity of the major ports was recorded at 532 MT.
The ports also did not achieve the National Maritime Development Programme (NMDP) target for 2008-09 of capacity increase to 573.5 MT for fiscal year 2009. Going by that account achieved capacity increase had a shortfall of about 19 MT.
Over above period, Mumbai and Kolkata inclusive of Haldia were worst-hit as traffic handling respectively was down 9.05% y/y and 5.72% y/y. Traffic at Cochin was down 3.68% and at Visakhapatnam and Ennore fell respectively by 1.07% and 0.54%.
Capacity of major ports was affected and increased marginally to 555.67 MT in fiscal 2008-09. The government could totally add only 25 MT to the existing capacities of 12 major ports over this period. As of 31.03.2008, overall capacity of the major ports was recorded at 532 MT.
The ports also did not achieve the National Maritime Development Programme (NMDP) target for 2008-09 of capacity increase to 573.5 MT for fiscal year 2009. Going by that account achieved capacity increase had a shortfall of about 19 MT.