Dec traffic at major ports sails to highest in FY23, rises 10.4 per cent

Twelve major ports handled cargo of 69.5 million tonnes in December, which is highest during current fiscal year

After three months of stagnant growth, cargo traffic at state-owned ports rose 10.4 per cent in December year-on-year (YoY), signaling a strong rebound in a year that has fared slower than expected.

Twelve major ports handled cargo of 69.5 million tonnes (mt) in December, which is the highest during the current fiscal year. The volume is also 8 mt higher than the traffic over the past three months, which had been stuck at 61 mt since September.

It is also the second-highest traffic volume handled by major ports in a month since the onset of