Krishnapatnam Port Container Terminal handled 2.6 lakh tonne of granite blocks for export during April-June 2013 compared to 2.25 lakh tonne in the year-ago period. During the same period, volume of granite blocks (for export) handled by the Chennai Port Trust (ChPT) declined to 1.50 lakh tonne against 1.92 lakh tonne in the year-ago period. Tuticorin Port also witnessed declin
Tag: volume
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Paradip Port handles 3 times more ore cargo
During Apr-Jun 2013, Paradip port handled 1.03 million tonne of iron ore export cargo compared to just 371,000 tonne in the year-ago period. Specifically, the cargo is iron ore fines of 62 grade. The almost three fold rise in ore export cargo is attributed to the depreciation of rupee against the dollar. Federation of Indian Mineral Industries said there is no major rush of importers to book Indian iron ore. The rise in ex
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Cargo volume rises 40% in Gangavaram port
Cargo volume at Gangavaram port rose 40 per cent to 4.2 million tonne in Apr-Jun 2013 compared to 3 million tonne in the year-ago period. Over 85 per cent of the cargo handled by the port is coal, while the remaining were limestone, timber, fertilisers and other items, reports indicate. During 2013-14, the port expects to handle over 15 million tonne cargo compared to 13.09 million tonne in the previous year
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Cargo volume at PPT rises 45% in June quarter
During Apr-Jun 2013 quarter, cargo volume at Paradip Port Trust (PPT) rose 45 per cent to 17 million tonne (mn t) from 11.74 mn t in the year-ago period. In an official statement, the only major port in Odisha said the cargo volume during the quarter exceeded the target set for the period by 5.79 per cent.Among all major ports in the country, the port is ranked at second position in terms of both volume and percentage growth in traffic. In June alone, the throu
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Container traffic witnesses negative growth
According to some industry players, container traffic in the country is witnessing a negative growth. In this backdrop, it is not surprising that the Chennai Port Trust (ChPT) failed to get any response from bidders for its much-delayed Rs 3,686-crore mega box terminal project. Some industry players suggested ChPT to set up a multi-purpose berth-cum-cruise terminal instead of the cont
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Essar Ports to ask clients to pay in dollars
Essar Ports will gradually ask its port users to pay tariff in US dollar instead of rupee. This means, the company would receive tariff in dollars from customers and convert the same into rupees at the prevailing exchange rate. After Gujarat Pipavav shipyards, Essar Ports would be the second port operator to start moving away from rupees while charging tariff, reports
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Chennai port may restructure terminal project
According to source-based information, the board of trustees of the Chennai Port decided to restructure the Rs 3,686 crore container terminal project as it failed to attract bidders for the project in the current form. The port planned to invest Rs 561 crore on the project and attract the remaining Rs 3,125 crore investment from private sector. The port trust shortlisted seven bidders for the proposed terminal with a capacity to load 4 million stan
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Gujarat Gas may face low gas volume
Some analysts feel that the gas volume of Gujarat Gas Co. may be muted in the coming months because of falling domestic output of natural gas. The company may hesitate to import regassified liquefied natural gas (RLNG) as it is costlier than domestically produced gas. Also, most of Gujarat Gas consumers are from the industrial segment and this limits the companyÂ’s ability to increase costs, some analy
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Ore volume at PPT rises 329%
Paradip Port Trust (PPT) handled 329 percent more iron ore at 7.65 lakh ton during April-May 2013 compared to 1.78 lakh ton in the year-ago period. The strong growth in ore throughput from the port has given rise to hope of a revival in its export, which has been dwindling for the past couple of years. During the two months, the port witnessed rise in throughput in some other cargoes as well. The other item
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Essar Ports chief feels its debt level is reasonable
Rajiv Agarwal, MD and CEO of Essar Port is quoted as saying that the debt level of the company (Rs 5,700 crore) was reasonable for the size of the firm. The firm has an equity of about Rs 2,800 crore and a debt of about 5,800 crore. The company is making efforts to reduce the interest cost, he is quoted as saying in a media