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Traffic at India's major ports falls 20% in June qtr due to lockdowns

From reuters.com

Major ports in India, which handle more than half of the country’s seaborne trade, had a nearly 20% fall in traffic during the quarter ended June, the Indian Ports Association (IPA) said, as coronavirus lockdowns slowed economic activity. India’s twelve state-run major ports handled 141.9 million tonnes of shipments in the quarter ended June 30, compared with 176.7 million tonnes the previous year, the IPA data showed. The handling of major types of shipments such as crude oil, coal and containers fell, except for iron ore and fertilizers, the data showed. The data showed that iron ore traffic rose 18.83% in the ... (full story)

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  • Category: Fundamental Analysis