The global economic slowdown has also hit the country’s port sector. officials in the port industry say the same. Things are not likely to be rosy in the immediate future given the continuing global economic slowdown. It may not be the right time to start a container terminal as there is no visibility of cargo, says an official at Kattupalli Port, near Chennai, from where the first regular container service (from Kattupalli Port) will commence from September 19 to Singapore and Port Klang.
The port, inaugurated on January 30 by Tamil Nadu Chief Minister J. Jayalalithaa, was developed by L&T Shipbuilding, a joint venture between L&T and Tamil Nadu Industrial Development Corporation.
International Container Terminal Services, a global terminal operator, subsequently joined as the operations and maintenance partner. The Ennore port, which is adjacent to Katupalli, too, is planning a container terminal.
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