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Capesize spot rates sink further as cheaper panamaxes threaten to poach cargo

Central government-owned ports, also known as major ports, recorded a rare 3.2 per cent year on year (Y-o-Y) contraction in their cargo volumes during October, primarily due to a fall in crude oil and coal shipments, according to government data.   Traffic handled at the 12 major ports decreased last month to 68.22 million metric tonnes […]

indiaseatradenews.com

Major port cargo contracts by 3.2% to 68.22 mmt in October, shows data - India Seatrade News

NEW DELHI : Central government-owned ports, also known as major ports, recorded a rare 3.2 per cent year on year (Y-o-Y) contraction in their cargo volumes during October, primarily due to a fall in crude oil and coal shipments, according to government data.   Traffic handled at the 12 major ports decreased last month to 68.22 million metric tonnes (mmt). Approximately, a fourth of this cargo arrived through coastal shipping.  Overseas cargo han…

India Shipping News

Major Indian ports' cargo contract by 3.2% to 68.22 mmt in October

According to government data, October saw a rare 3.2% year-over-year (Y-o-Y) decline in the cargo volumes of central government-owned ports, commonly referred to as major ports. This decline was mostly caused by a decline in exports of coal and crude oil. Last month, the 12 major ports handled 68.22 million metric tons (mmt), a reduction from the previous month. Coastal ships brought in around one-fourth of this cargo. In October, domestic cargo…

Capesize spot rates sink further as cheaper panamaxes threaten to poach cargo

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