Cargo volume up iron ore ban may hit growth

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The growth of cargo at major Indian ports continued the uptrend in August with a 3.6 per cent rise year-on-year, at 44.3 million tonne. The cargo volumes grew by 4.6 per cent in the five-month period of April-August. Container cargo saw the maximum volumes (9.7 million tonnes) on the Indian ports in August — a rise of 16.4 per cent year-on-year. Coal volumes surged by 9.1 per cent, at 6.2 million tonne. Fertilisers and iron ore saw a decline in cargo volumes.
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