The question is will the pandemic change the logistics and supply chain industry. That the trade is being affected is a no brainer. India’ state owned ports,12 of them, have seen a marked decline in handling of cargo.
Decline in volumes triggered by covid-induced demand destruction
India’s dozen State-owned ports handled a combined 298.550 million tonnes (mt) of cargo during the first six months of the current fiscal — 14.27 per cent lower than the 348.233 mt handled during the same period last year. Mormugao Port Trust has ducked this trend but all the other ports are badly affected.
With people stuck in the houses the demand for gasoline and other petroleum products have reduced this has affected th import of Petroleum, Oil and Lubricants cargo comprising crude oil, petroleum products, LPG and LNG, other liquids, thermal and steam coal, coking coal. Most of the containers reported decline in the first half of the fiscal this year when compared to last year. However Iron ore, including pellets, jumped 33.30 per cent to 33.006 mt during the first six months compared to last year.
Finished and raw fertiliser cargo increased between April and September registering 3.12 per cent and 24.26 per cent growth, respectively to 4.757 mt and 3.473 mt, when compared to the previous year.