Annual report of the ministry of shipping released
The Indian ministry of shipping released the annual report, according to which the performance of major ports has improved.
Cargo Traffic at Indian Ports
During April – November 2012, major and non-major ports in India handled a total cargo throughput of 623.05 MT reflecting an increase of 2.81 % over the same period last year. There is marginal deceleration in growth of cargo handled at major ports from 1.33 % in April-November 2011 to (-) 2.88 % in April – November 2012. However, the growth at non-major ports is encouraging. As compared to growth of 9 % in April – November 2011, it has reached 12 % (estimated) in the corresponding period in 2012.
Efficiency at ports has an important bearing on the transaction cost of the shipping lines. Major ports have improved their efficiency of operation particularly in terms of turnaround time (TRT). TRT is the total time spent by a ship at the ports from its entry until its departure. Average TRT for all major ports improved from 8.10 days in 1990-91 to 4.47 days in 2011-12.During April-September 2012, the TRT at 4.15 was lower compared to 4.80 days in the corresponding period of the last year.
For further information on the annual report of the ministry of shipping of India, you can click here.
Source: Press Information Bureau, Government of India