June 2009 cargo grows by 8.6% YoY, due to delayed monsoon and base effect; Mormugao portregisters highest increase of 48% YoY in cargo traffic
June 2009 cargo volume growth attributable to higher activity due to poor rainfall:
In June 2009, cargo trafficat major ports in India increased by 8.6% YoY to 45.4m tons (vs 41.8m tons YoY). The cargo traffic is short of thetarget cargo for the month by 4.5%. The key reason for the growth in the month of June 2009 (de-growth since October2008) is due to higher number of operational days due to poor monsoon, v/s June 2008. This is indicated by a lowersequential de-growth in June 2009 at 0.7% MoM, v/s 9.6% MoM in June 2008 and 8.5% MoM in June 2007. ForYTDFY10, cargo traffic grew by 1.9% YoY to 136.6m tons due to higher growth number in June 2009.
Major categories of cargo report growth except coal and fertilizers:
During June 2009, major categories of cargo reported strong growth except for coal and fertilizer. Iron ore, POL, container and other cargo increased by6.8%, 12.6%, 1.9% and 25.5% YoY respectively, while coal and fertilizers cargo traffic declined by 5.2% and 5.8%YoY, respectively. However, during YTDFY10, coal cargo registered the highest growth of 8.3% YoY at 19.9m tonsfollowed by POL at 4.3% YoY and fertilizers at 2.3% YoY respectively.
Container Cargo grew by 1.9% YoY in June 2009:
During June 2009, the container cargo at major ports of Indiaincreased by 1.9% YoY to 8m tons (vs. 7.9m tons YoY). This is largely on account of increase of 1% YoY in containertraffic at JNPT port to 4.31m ton (vs 4.28m ton in June 2008). Also, the key surprise has been container traffic growthat Kolkata, New Mangalore, Chennai and Tuticorin port, where container traffic grew by 27%, 27%, 13% and 14%respectively although on a lower base. These four ports cumulatively account for 2.9m tons of container traffic ie 36%of total container traffic.
Eleven ports register cargo traffic growth in June 2009; Mormugao, Paradip volumes up 48% and 36% YoYdriven by iron ore and POL:
During June 2009, Eleven ports reported growth in traffic. Mormugao and Paradip portsregistered highest growth among major ports at 48% and 36% YoY respectively. For Mormugao port, iron ore cargo(87% of the total port cargo) grew by 54% YoY to 1.2m ton, which represents 20% of the total iron ore cargo trafficin India. The cargo traffic at Paradip port was boosted by liquid and iron ore cargo, which grew by 947% YoY and 43%YoY, respectively.
BSE Sensex: 14,253 S&P CNX: 4,234
15 July 2009
JUNE 2009: ALL-INDIA MAJOR PORT CARGO SHARE (%)JUNE 2009: ALL INDIA PORT WISE CARGO YOY GROWTH (%)
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