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Kochi port handles record cargo in December

The Kochi port. File photo

The Cochin Port Trust handled a record 3.20 million tonnes of cargo in December 2020, a monthly record volume for it.
The volume is a 10.55 per cent growth over December 2019, said Cochin Port Trust chairperson M. Beena, in a message to the employees and officials of the port trust. Container movement too touched a consistent 60,000 TEUs consecutively in the four months leading to December.
The surge in the movement of cargo is being looked upon as new shoots in the port business after the plans of 2020 were washed away in the COVID-19 pandemic. The growth in cargo movement is “charting a new growth trajectory. However, we need to find new vistas for revenue generation by optimum utilisation of resources available to us,” the chairperson told the port community. ....

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Cargo traffic at major Indian ports in rough water?

8.80% YoY decline in cargo traffic for the period between April & December 2020
Cargo handled at India s major ports in November shows an uptick in YoY terms
India’s cargo traffic continued to decline for the ninth successive month in December, according to Indian Ports Association (IPA). The apex body of Major Ports under Ministry of Ports, Shipping and Waterways has pegged the value of cargo traffic at 477.75 million tonnes (MT) in the period between April & December 2020. This amounts to decline of 8.80 percent on Year-on-Year basis as COVID continues to wreck havoc on global trade.
Why Does Cargo Traffic Data Matter?
Maritime transport data is an early indicator of inflection points, recoveries and slumps in an economy. This is due to the high-frequency data collection which makes the data gathered almost real-time. In fact cargo traffic has been adversely impacted for the last few years. Cargo traffic at the 12 major ports of India grew only marginally in Ap ....

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