Handles 72.72 MT of cargo, highest in port’s 86 year history
Major port Visakhapatnam port trust has had its best ever fiscal year performance in FY 19-20.
VPT handled a record 72.72 million tonnes of cargo in FY 19-20 thereby registering a growth of 11.5% over last year and in fact was the top performing(in terms of growth) major port among the 12 major ports in the country.
‘We have displaced JNPT and taken the number three position among major ports in the country’ stated Mr PL Harnadh, deputy chairman Vizag Port trust speaking to Vizag Industrial Scan.
In absolute growth we are the highest among all major ports informed Mr Harnadh.
The port’s previous best was in 2010-11 wherein it handled 68 MT of cargo and now it has surpassed that with handling 72.72 MT of cargo thereby creating a record handling of cargo in its 86 year history.
‘This is commendable keeping in mind that in 2010-11 there wasn’t much competition from private ports however our current results have been achieved despite fierce competition from minor ports and a general slowdown in trade and economic activity’ said the Deputy chairman, VPT.
Some of the main commodities that led to this growth include Iron ore and pellets with a 41% growth followed by Coking coal 28%, Crude oil and POL 16%.
“This is commendable keeping in mind that in 2010-11 there wasn’t much competition from private ports however our current results have been achieved despite fierce competition from minor ports and a general slowdown in trade and economic activity.”
— Mr PL Harnadh, Deputy chairman, VPT.
Nepal Cargo up 150%
VCTPL, the container handling berth of VPT registered a growth of 12% over last fiscal.
One of the major aspects for growth in its Container traffic has been the surge in the handling of Nepal bound containers.
‘Over the last couple of years we have become the premier gateway for Nepal cargo. In FY18-19 we handled about 16292 containers and this year we did 42550 containers. This is a whopping 150% growth. We have surpassed Kolkata port in terms of Nepal cargo handled said Mr PL Harnadh.
Mr Harnadh attributes the impressive growth to a slew of initiatives that the port has taken in achieving these milestones.
‘We have been strengthening our port’s infrastructure in many was to compete with private ports’ said the deputy chairman.
Rail infrastructure has also been an important element for this growth. It was informed that over 32 million tonnes of cargo was done rail growth marking a 16.7% growth.