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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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