Cargo volume at major ports grows 2% in April-July as sectors slow down

Cargo growth at India's major ports fell to two per cent in April-July this fiscal year. 

Ports in Karnataka's New Mangalore, Goa's Mormugao, and Tamil Nadu's Chennai and Kamarajar (Ennore) reported cargo shipment decelerating in the period. The Mormugao port was hit after the Supreme Court banned mining in the state and neighbouring Karnataka curbed iron ore exports. Other ports were affected by cyclical slowdown in key sectors.

“The cargo performance of some of the key major ports has been muted. Steel sector demand has flagged and liquid cargo has not shown the growth as was anticipated,” said a top official of