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Dec traffic at major ports sails to highest in FY23, rises 10.4 per cent

Twelve major ports handled cargo of 69.5 million tonnes in December, which is highest during current fiscal year

Dhruvaksh Saha New Delhi

Premium

Thermal coal cargo is up 35 per cent in FY23, coking coal has seen a rise of 16 per cent

3 min read Last Updated : Jan 18 2023 | 10:49 PM IST

After three months of stagnant growth, cargo traffic at state-owned ports rose 10.4 per cent in December year-on-year (YoY), signaling a strong rebound in a year that has fared slower than expected.

Twelve major ports handled cargo of 69.5 million tonnes (mt) in December, which is the highest during the current fiscal year. The volume is also 8 mt higher than the traffic over the past three months, which had been stuck at 61 mt since September.

It is also the second-highest traffic volume handled by major ports in a month since the onset of Covid-19. Cumulatively, traffic at major ports reached 576 mt by December, which is nearly 9 per cent higher than the previous fiscal year.

"The entire increase in volumes in December, Quarter and year can be explained by volumes of coal. However, container volumes have come under stress," sa