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Iron ore and coal lift Essar Portsí cargo handling by 11 per cent in Quarter 3 FY18

Essar Ports Ltd (EPL), a leading private port terminal operator in India, has reported a 11 per cent increase in overall cargo handling at 9.16 million tons (mt) across its Hazira, Visakhapatnam, Salaya and Paradip Port terminals for the quarter ended December 31, 2017, up from 8.26 million tons a year ago, led by substantial growth in iron ore, coal, limestone and finished steel transportation with third-party accounting for 16 per cent share in the overall cargo. 

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

Mr 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 draughts 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 recently commissioned a 20 million ton bulk terminal in Salaya, Gujarat and will soon complete expansion of Vizag Terminal, taking its annual handling capacity to 24 million tons, thus taking the cumulative cargo handling capacity to 90 million tons by the end of financial year 18. 

The Salaya terminal has been designed to berth Cape size vessels with a vessel turnaround time of less than two days, thus offering a competitive advantage to the local industry. 

The Essar Vizag Terminal Ltd (EVTL) recently commissioned an 8,000 TPH (tonnes per hour) ship loader, which has increased its cargo handling rate from 70,000 TPD (tons per day) 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 meters, on the outer harbor of Vizag Port, said a company release.

 


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