Cargo Traffic at Major Ports Up by 5.92% in July

06 Aug 2024 CW Team

Cargo traffic at India?s major ports experienced a notable increase of 5.92% in July, reaching a total of 70.08 million tonnes, according to the Indian Ports Association (IPA). This growth reflects a steady recovery and robust performance in the country's maritime sector.

The increase in cargo traffic is attributed to various factors, including an uptick in industrial activities and improved port efficiencies. Significant gains were observed in the handling of key cargo types such as coal, crude oil, and containers.

This positive trend is encouraging for the shipping and logistics industry, signalling a rebound from previous slowdowns and highlighting the resilience of India?s port infrastructure. The rise in cargo volume also underscores the growing demand for port services and the ongoing expansion of trade activities.

The IPA?s report suggests that ports are enhancing their capabilities and services to handle increased traffic, which is essential for supporting India?s economic growth. Continued investment in port infrastructure and technological advancements is expected to further boost cargo handling capacities and operational efficiency.

Overall, the growth in cargo traffic is a positive indicator for the maritime sector, reflecting stronger economic conditions and increased trade activities. The industry is poised to maintain this upward trajectory with ongoing developments and improvements in port operations.

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