Visakhapatnam Port handles 50.9 mt of cargo in 10 months
The Visakhapatnam Port Trust (VPT) has handled 50.9 million tonnes (mt) of cargo between April and January 2016-17 as against 47.1 mt during the corresponding period of the previous year, thus registering a growth of 8.22%.
The major port is expecting to handle around 60 mt mark by the end of the fiscal, which may be the highest traffic in the last four years.
While VPT is still at the fifth position out of the 12 major ports in terms of cargo handled behind Kandla, Paradip, JNPT and Mumbai ports, the Vizag Port has seen cargo volumes increase mainly on account of iron ore, container traffic and other cargo. Iron ore cargo has almost doubled with VPT handling 9.1 mt during April-January 2016-17 as against 4.3 mt in the corresponding period of the previous fiscal.
At the same time, container tonnage increased from 4.1 mt during April-January 2015-16 fiscal to 5.3 mt during the April-January 2016-17.However, the major port has witnessed a drop in POL (petroleum, oil and lubricants) from 14.6 mt in 2015-16 to 13.83 mt during the current fiscal.
The increase in POL during the previous fiscal is attributed to the additional crude oil supplied to the strategic crude oil reserves in the port city. At the same time, both thermal and coking coal have witnessed a drop during the current fiscal. While thermal coal has dropped from 9.1 mt during April-January 2015-16 to 6.8 mt during April-January 2016-17, coking coal has dropped from 4.6 mt to 3.9 mt, according to port sources.
Tag Keyword: Visakhapatnam Port Trust , Cargo , Iron Export , Coal , POL ,Crude Oil