Following eight months of sequential improvement, cargo traffic at the major ports contracted by 9% on m-o-m basis in February, though it was up 2% y-o-y.
This could be attributed to the renewed restrictions amid the surge in Covid-19 infections, especially in the advanced economies, CARE Ratings has said.
For the April-February period of the current fiscal, traffic has declined by 7% y-o-y at the major ports.
Coal volumes have declined by 17%, POL by 14% and container traffic by 5% in 11MFY21.
