Indian ports to log 6-8% cargo growth on crude, coal volumes in FY19: Study

Sagging coal imports rebound in first half of current fiscal, trend likely to continue through the year; Containers, too, will lead cargo shipments

Indian ports are expected to record six to eight per cent growth in cargo volumes in FY19, backed by drivers like coal, crude oil and containers.

Ports across the country handled 1209 million tonnes of cargo in 2017-18, achieving seven per cent over the previous year. 

The sagging coal imports which had raised concerns for ports dependent on the dry fuel, have staged a rebound. The momentum in coal imports seen in the first half (April-September) of this fiscal is set to continue through the year, auguring well for the port operations. 

In its outlook for the ports sector, ratings