Top News

|  DP World reports 10.7% gross volume growth in Q2 2017  |    |  Major Ports post combined net surplus of INR 2820 cr in FY 2017  |    |  Odisha sets a target to reach INR 1 lakh cr exports by 2025  |    |  Shapoorji Pallonji Group to spend INR 2,000 cr in Odisha Gopalpur Port  |    |  Air India SATS Airport Services launches mobile app for tracking cargo  |    |  IndiGo & Jet introduce additional flights to Doha, Mumbai from Kozhikode  |    |  Port of Rotterdam registers impressive container throughput rise in H1  |    |  New waterways to connect India with Bangladesh  |    |  Yang Ming to start New Korea-Taiwan-Hong Kong service  |    |  DFC to be commissioned in 2 years  |    |  Domestic air traffic up 20% in June  |    |  No new port in 100 km vicinity of major ports  |    |  IRCTC to install 1,100 water vending machines at railway stations  |    |  Port of Antwerp first half volume increases by 1.9% to 5,143,305 TEU  |    |  Asia-Europe rate falls 2.1% to USD 919 TEU, declines 3.1% to USWC  |    |  Operations at international cargo terminal likely to begin soon  |    |  Haicang Port sees 1H cargo rise 20.7% to 3.12 million TEU  |    |  Bahri gets delivery of 39th VLCC, strengthens its leading position  |    |  Shreyas Shipping & Logistics signs MoA to acquire one Multipurpose vessel  |    |  Businessman to sell 12% stake in CIAL  |   
You are here: Home » National News » Shipping» Paradip Port registers 18% cargo growth in first quarter of FY18

Paradip Port registers 18% cargo growth in first quarter of FY18

10 July 2017 | Paradip


Paradip port has outpaced all major ports in terms of cargo growth, achieving 18% volume growth in cargo handling in the April-June quarter.

The Paradip Port Trust (PPT) handled 24.44 million tonnes (mt) of cargo during the said period, as compared to 20.59 mt in the corresponding period last year.

The number of vessels handled by the port has accordingly recorded a growth of 12.34% as the port handled 437 ships in FY18 (up to June 2017). In the previous financial year 2016-17, it handled 389 ships during the same period.

The port has already taken a slew of measures to ensure improvement in daily productivity to 25,588 tonnes in FY18 (till June-end), from 22,161 tonnes last year. The average turnaround time has also improved to 4.40 days, from 4.53 days in the year-ago period.

Berth occupancy stood at 67%, marking a reduction of 2% as compared to the previous year’s figure. Meanwhile, traffic increased by 18.63% in the first quarter of the current financial year.

The port has taken up a host of projects to increase its capacity to 325 million tonnes per annum (mtpa) by 2025, from its existing 143.44 mtpa. Some of the ongoing projects include the development of a multi-purpose berth to handle clean cargo including containers on a build, operate and transfer (BOT) basis at an estimated cost of INR 430.78 crore.

The berth is expected to be operational by December 2018. This facility would be of immense value for exporters of marine products in Odisha.

A deep-draught coal berth is also set to come up at a cost of INR 655.56 crore with a capacity to handle 10 mtpa of cargo. That apart, the Container Corporation of India (Concor) would operate a port side container terminal at PPT from August this year.

Transreproter Logo