172@29@17@246!~!172@29@0@53!~!|news|business|container-cargo-handling-at-major-ports-drops-over-30-in-april-june-ipa-5573131.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Subscribe to PRO at just Rs.33 per month. Use code SUPERPRO
you are here: HomeNewsBusiness
Last Updated : Jul 20, 2020 07:54 PM IST | Source: PTI

Container cargo handling at major ports drops over 30% in April-June: IPA

Container cargo in terms of TEUs (twenty foot equivalent unit) at India's 12 major ports dropped 32.28 percent to 1.74 million in the the first quarter of the current fiscal, according to the latest data from the Indian Ports' Association (IPA).

PTI

Container cargo handling at India's major ports tumbled over 30 percent during the April-June quarter of the current fiscal amid the coronavirus pandemic, as per data by ports body IPA.

Container cargo in terms of TEUs (twenty foot equivalent unit) at India's 12 major ports dropped 32.28 percent to 1.74 million in the the first quarter of the current fiscal, according to the latest data from the Indian Ports' Association (IPA).

In terms of tonnage, the container cargo declined 30.11 percent to 26.34 million tonnes (MT) in the quarter.

Close

These ports had handled containers to the tune of 2.57 million TEUs and 37.69MT in terms of tonnage in the April-June period of the previous financial year.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

The IPA, which maintains cargo data handled by these ports, in its latest report said "percentage variation from the previous year" in container handling in terms of TEUs and tonnage was 32.28 percent and 30.11 percent, respectively.

India has 12 major ports -- Kandla, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (Ennore), V O Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia) -- that handle about 61 percent of the country's total cargo traffic.

Ratings agency Icra had earlier said that while all cargo segments are vulnerable, container segment is expected to be more adversely impacted.

While general cargo throughput may witness 5-8 percent contraction for the full year 2020-21, the container segment may drop 12-15 percent, it had said.

These 12 ports had handled 705MT of cargo in the last financial year.

Total cargo traffic includes container cargo, coal, fertilisers, petroleum products and other segments.

Cargo handled by the country's major ports declined by 19.68 percent to 141.92MT in the first quarter of this fiscal.

These 12 ports had together handled 176.69MT of cargo during April-June period of 2018-19.

Ports like Chennai and Kamrajar saw their cargo volumes nosedive about 40 percent during April-June, while Kolkata and JNPT suffered a drop of over 30 percent.

While Chennai port saw 39.91 percent decline in cargo handling to 7.28MT, Kamarajar (Ennore) port suffered a drop of 39.41 percent to 5.16MT in April-June, as per IPA data.

Cargo handling at Cochin port slipped 33.78 percent to 5.63MT, while the same at JNPT declined 31.38 percent to 12.09MT. Kolkata port logged a fall of 27.26 percent to 11.72MT.
First Published on Jul 20, 2020 07:45 pm
Sections