Indian Ports Report Mixed Performance in FY24: Iron Ore, Fertilizers, and Coal Shipments Surge

Cargo volume at major ports rose 4.45 percent to 819.227 million tonnes in FY24
According to the Ministry of Ports, Shipping and Waterways, iron ore shipments increased by 32.68 percent, raw fertilizer shipments rose by 13.56 percent, and coking coal movements went up by 10.24 percent in FY24. The major ports saw an overall growth of 8.06 percent in TEUs, with JNPT handling the largest container volume.
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In FY24, the Ministry of Ports, Shipping and Waterways reported significant increases in the shipment of iron ore, raw fertilizers, and coking coal and other coal movements. Iron ore shipments rose by 32.68 percent to 61.031 million tonnes, while raw fertilizer shipments increased by 13.56 percent to 9.406 million tonnes. Similarly, coking coal and other coal movements saw a growth of 10.24 percent to 64.939 million tonnes.

The major ports in India handled a total of 12.310 million TEUs in FY2024, marking an 8.06 percent growth from the previous year. Jawaharlal Nehru Ports Authority accounted for more than half of the total container volume handled by major ports with 6.43 million TEUs. Additionally, petroleum, oil, and lubricants (POL) cargoes increased by 5.06 percent to 245.990 million tonnes in FY24 compared to the previous year.

On the other hand, other liquid cargoes, finished fertilizer cargo, thermal and thermal coal shipments, and other miscellaneous cargo all experienced declines in FY24. Despite the increase in overall cargo throughput among major ports, some entities like Paradip Port Authority saw growth while others like Deendayal Port Authority experienced volume declines. Overall, the data indicates a mixed performance in different cargo categories across Indian ports in FY24.

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