Mormugao Port to improve coastal connectivity & increase containerised trade, says Chairman

April 17, 2015 10:50 am Published by

Mormugao Port has taken several initiatives to improve coastal connectivity and increase its containerised trade by sea, the Mormugao Port Trust (MPT) Chairman, Mr Cyril George, said here.

Speaking to media persons, he said MPT was undertaking several development works, such as conversion of mechanised iron ore handling berth for handling general cargo, on PPP basis, deepening of approach channel to attract Capesize vessels, developing a dry port project, and developing the Vasco Bay.

He highlighted that despite the ban on iron ore exports, the Port had managed to achieve 25 per cent growth during the just-concluded financial year.

“The Port has surpassed the target of 13.35 million tonnes set by the Ministry of Shipping, registering an increase by 10 per cent,” Mr George said.

Of the total throughput of 14.71 mt, exports accounted for 3.33 mt (23 per cent) and imports 11.38 mt (77 per cent), he added.

He further said that the Port was slowly but steadily boosting its container business, having registered an overall impressive growth of 28 per cent to 24,514 TEUs as against 19,176 TEUs in 2013-14.

The Port authority recorded an operating surplus of Rs 30.22 crore as against a loss of Rs 29.60 crore in 2013-14. Operating income rose by 28.97 per cent to Rs 272.74 crore in 2014-15, Mr George added.

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This post was written by Atlantic Admin