Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Thermal coal imports at major ports decline 36% to 12.3 MT in April-May: IPA.


Date: 11-06-2020
Subject: Thermal coal imports at major ports decline 36% to 12.3 MT in April-May: IPA
Amid the coronavirus pandemic, thermal coal imports at India's major ports saw a 35.94 percent decline to 12.29 million tonnes (MT) in the first two months of the current financial year, according to the Indian Ports' Association (IPA).

Coking coal imports witnessed a dip of 24.05 percent to 7.47MT in April and May this year.

The ports had handled 19.19MT of thermal coal and 9.84MT of coking coal, respectively, in the April-May period of the previous financial year.

The IPA, which maintains cargo data handled by these ports, in its latest report said "percentage variation from the previous year" in thermal coal handling was at 35.94 percent and 24.05 percent in coking coal.

Thermal coal is the mainstay of India's energy programme as 70 percent of power generation is dependent on the dry fuel, while coking coal is used mainly for steel making.

India is the third-largest producer of coal after China and the US, and has 299 billion tonne of resources and 123 billion tonne of proven reserves, which may last for over 100 years.

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.

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

These ports, where operations have been hit due to the coronavirus pandemic, recorded a 22 percent decline in cargo handling to 92.82MT during the first two months of the current financial year.

These ports had together handled 119.23MT of cargo during April-May period of 2018-19.

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

Kamarajar port saw its cargo handling decline by 46 percent to 3.22MT in April-May, while Chennai port saw a massive 44.24 percent fall to 4.56MT, according to IPA data.

Cargo handling at the Cochin port slipped 40.14 percent to 3.41MT, while the same at JNPT declined 33.13 percent to 8.02MT. The Kolkata port logged a fall of 31.60 percent to 7.30MT.

Last month, ratings agency ICRA said that while all cargo segments are vulnerable, the container segment is expected to be more adversely impacted.

While general cargo throughput may witness 5-8 percent contraction for the full financial year 2020-21, the container segment is likely to drop 12-15 percent, ICRA said.

Source:- moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper

Date: 06-10-2020
Instruction No. 18/2020-Customs
Directorate General of Audit as a Nodal Directorate for Customs Post Clearance Audit –regarding



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001