Major Ports reports 169% rise in Iron Ore handling in April-January

Posted by Daily Shipping Times on 07-03-2017        Tweet

NEW DELHI: Iron ore shipments handled by the Country’s 12 Major Ports surged 169 per cent to 38.61 million tonnes (MT) in the April-January period of this financial year.

The Government-owned ports had handled 14.37 MT of the key steel-making raw material in the corresponding period of the previous financial year.

The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report said that “percentage variation from previous year” in iron ore handling was as high as “168.59 per cent” in the first ten months of the current fiscal.

According to the IPA, iron ore handling shot up to 11.18 MT at Mormugao Port during the 10-month period from 2.29 MT a year-ago while Visakhapatnam Port handled 9.17 MT as against 4.39 MT.

In Paradip Port, iron ore cargo increased to 8.51 MT as against 2.27 MT during the corresponding period a year-ago.