![]() Financial Daily from THE HINDU group of publications Saturday, Nov 12, 2005 |
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Shipping Logistics - Financial Performance Major ports show 13.4 pc rise in H1 traffic Vizag port tops the list Raja Simhan T.E.
Chennai , Nov. 11 THE country's 11 major ports handled 199.7 million tonnes (mt) of cargo in the first half of the current fiscal. This represents a 13.41 per cent increase over the corresponding period of the previous year, but falls marginally short of the Shipping Ministry's target of 201 mt. Except Kandla and Kochi, all the other ports reported an increase in traffic during the first half compared to the corresponding period last year. However, seven ports, including Chennai and Kochi, fell short of the Ministry's target. The Visakhapatnam port topped the list by handling 26.5 mt in the first half ended September 2005. This was 13.34 per cent more than in the corresponding period last year, but 2.91 per cent short of the Ministry's target of 27.3 mt, sources said. Kolkata Haldia Dock and Kolkata Dock together handled 23.4 mt, an increase of 20.78 per cent over the corresponding period last year. The Chennai port handled 23.71 mt, a growth of 16.66 per cent over the corresponding period last year, but 2.09 per cent short of the Ministry's target. The Kandla port handled 22.63 mt, which was lower by 11.51 per cent compared to the corresponding period last year, but a 1.49 per cent increase over the Ministry's target of 22.2 mt. The Tuticorin port handled 87.74 lakh tonnes during April to September 2005, a 14.22 per cent increase over the corresponding period last year.
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