Iron ore mining ban led to negative growth in cargo traffic

Tags: News
Iron-ore cargos recorded negative growth of 13 per cent in 2013-14 mainly due to domestic mining ban on the commodity even as overall container traffic at the ports grew 5 per cent to 980.49 million tonnes, the Economic Survey said today.

"The traffic in iron ore recorded negative growth of 13 per cent primarily owing to a ban on mining iron ore," the pre-Budget Survey for 2013-14 said.

Supreme Court, in April this year, allowed an annual cap of 20 million tonnes of iron ore to be extracted in Goa which was banned by it in the state for nearly one-and-a-half years.

During 2013-14 major and non-major ports in India accomplished a total cargo throughput of around 980.49 million tonnes (MT) reflecting an increase of 5 per cent over 2012-13.

Any port with two or more berths and facilities and equipment capable of discharging 1,00,000 tonnes of cargo per month from ocean-going ships is a major port.

"This is due to an increase of 1.8 per cent or 555.49 million tonnes in the cargo handled at major ports," the survey said.

In contrast, the traffic at non-major ports grew at around 9.6 per cent during 2013-14 as compared to 9.8 per cent in 2012-13.

Traffic at non-major ports in 2013-14 rose to 425 MT from 387.87 MT in 2012-13.

During the year Ennore Port recorded the highest growth in traffic at 52.9 per cent and Marmugao the lowest at 33.7 per cent.

There are at present 12 major ports - Kolkata-Halida, Paradip, Visakhapatnam, Ennore, Chennai, V O Chidambaranar (formerly Tuticorin), Kochi, New Mangalore, Mormugao, Mumbai, Jawaharlal Nehru (JNPT) and Kandla.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Customer orientation needs human touch

In the mid-1990s, while researching drivers of corporate excellence, we ...

Kuruvilla Pandikattu SJ

Can religion help us protect our planet?

Though not factually true, in popular imagination, the relationship between ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture