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Thermal coal slides 9%, traffic yet to recover at major ports

SOURCE: Business Standard
2017-12-07 10:29:52

Coal traffic shipments, especially thermal coal, are yet to pick up at major ports. The signs of recovery in coal volumes, which were supposed to begin from the second half of this financial year, are still not in sight.

Thermal or steam coal cargo shipped through major ports saw de-growth of nine per cent during April-November. In the same period, coking coal traffic moved up 2.27 per cent, reveals data by the Indian Ports Association.

The slide in thermal coal cargo was due to a lesser volume of imports. Imports of thermal coal have been on a downtrend in the current financial year (FY). 

The country is now the second-largest consumer-cum-importer of thermal coal but imports are sliding. During April-October of FY18, thermal coal imports declined 16 per cent to 33.62 million tonnes.