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Essar Ports records 11% increase in cargo handling in 4Q17

Published by
World Coal,


Essar Ports Limited (EPL), a leading private port terminal operator in India, has reported an 11% increase in overall cargo handling at 9.16 million t across its Hazira, Vishakapatnam, Salaya and Paradip port terminals for 4Q17, up from 8.26 million t a year ago, led by substantial growth in iron ore, coal, limestone and finished steel transportation with third party accounting for 16% share in the overall cargo.

For the nine months ended 31 December 2017, the company registered a 16% growth overall cargo at 26.5 million t versus the same period last year while third party cargo handling rose by 36% to 4.26 million t in the same period last year.

Rajiv Agarwal, CEO-EPL, said: “We expect to continually improve our operational performance with faster turnaround times at our terminals through our sustained investment in state-of-the-art technology. The strategic location, deep drafts and superior cargo handling capabilities of these facilities will help Essar Ports further the national goal of port-led development and overall reduction in logistics cost.”

The company has recently commissioned a 20 million t bulk terminal in Salaya, Gujarat and will soon complete expansion of Vizag terminal, taking its annual handling capacity to 24 million t, taking the cumulative cargo handling capacity to 90 million t by end of FY18.

The Salaya terminal has been designed to berth capesize vessels with a vessel turnaround time of less than two days.

The Essar Vizag Terminal Limited (EVTL) recently commissioned an 8000 tph ship loader, which has increased its cargo handling rate from 70 000 tpd to 120 000 tpd, and is expected to significantly increase revenues. The increased cargo handling will also translate to shorter turnaround times and competitive freight costs for exporters on the east coast. Following the commissioning of the expansion project, the facility will also be able to berth vessels up to 200 000 DWT, with a depth of 18 metres, on the outer harbour of Vizag port.

Read the article online at: https://www.worldcoal.com/coal/06022018/essar-ports-records-11-increase-in-cargo-handling-in-4q17/

 

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