Paradip Port Trust (PPT) has surpassed the Ministry of Shipping’s (MoS) target of 69 million tonnes (mt) for the current financial year 2014-15 by handling 69.11 mt as on March 22, as against 66.22 mt during the corresponding period of 2013-14, up 4.38 per cent. The Port has thus retained the 2nd position amongst the Major Ports in terms of throughput, highlighted a release.
The Port handled 29.30 mt of thermal coal during the period under review, an increase of 17.08 per cent, 7.65 mt of coking coal, up 8.68 per cent, and 4.20 mt of fertiliser raw materials, 6.78 per cent more, compared to the same period of the previous year.
On March 7 this year, PPT signed a concession agreement with Paradip International Cargo Terminal Pvt. Ltd (PICT) for developing a multi-purpose clean cargo terminal of 5 million tonnes per annum (mtpa) capacity through PPP mode on Build, Operate and Transfer (BOT) basis. The Port also issued Letter of Award to the consortium of JSW and South West Ports Ltd for developing a 10-mtpa iron ore terminal.
Essar Paradip Terminal Ltd will also be developing a 10-mtpa capacity fully mechanised coal import terminal. With these projects as well as mechanisation of the existing 5 berths, the total capacity of Paradip Port is expected to be enhanced to 177 mtpa from the existing 108.5 mtpa by 2019, the release pointed out. Also, after dredging of the Central Quay II berth face to 14.5 metres during the financial year, now both Central Quay I and II are equipped to handle Panamax-size vessels of 95,000 DWT, according to the release.
Mr M. T. Krishna Babu, Chairman and Mr N. Vaiyapuri, Deputy Chairman, PPT, conveyed their gratitude to the Ministry of Shipping, government of Odisha, East Coast Railway authorities, stevedores, exporters, importers, steamer agents, the District Administration, Port Trustees, Port users, trade unions and media representatives as well as the employees and all other stakeholders connected directly or indirectly with the Port, for this record achievement and outstanding performance.
This post was written by Atlantic Admin