- About us
- IBJ Awards
- Free Sample
- Contact us
20 percent growth for Essar
(Posted on 31/01/20)
Essar’s ports business, which operates four terminals on the east and west coasts of India, has registered a 20.09% growth in cargo volumes in the third quarter of the current financial year with a throughput of 14.02 million tonnes (MT).
Speaking on the performance, Rajiv Agarwal, MD & CEO, Essar Ports Ltd, said: “Significant boost in hinterland industry consumption has been the key growth driver. Largely the growth has been on account of our terminals in Salaya (west coast) and Vizag Port (east coast). Our continuous focus on increasing the capacity of handling through upgradation and mechanisation, and driving operational efficiencies, has helped in recording strong growth. We are committed to delivering world-class services and our focus is to ensure seamless continuity in services on a sustainable basis.”
In December 2019, the Hazira terminal handled one of the highest levels of cargo (more than 2 million tonnes) for AM/NS India, erstwhile Essar Steel. With modular expansions undertaken at Hazira terminal, it is equipped to handle increased volumes for its existing customers.
- Capacity expansion at our terminals and enhanced capacity utilisation by existing customers
- Ensuring operational efficiency and high service levels on a sustainable basis to customers
- A balanced cargo mix
- Terminals with long-term concessions or license agreements with port authorities
- Long-term cargo handling agreements with existing customers, ensuring sustainability
- New customer additions in Salaya, Vizag & Hazira
Essar Ports is one of India’s largest private sector port and terminal developers and operators. It has invested INR 11,000 crore in developing world-class terminals in three Indian states. Its current operations span four terminals with a combined capacity of 110 MTPA, which is roughly 5 percent of India’s port capacity. The Company is a leader in the non-containerised bulk cargo space. Having clocked a throughput of 40 MT in FY19, Essar Ports is expecting to handle over 60 MT in the current financial year.
All Essar Ports terminals are equipped with advanced cargo handling infrastructure and are well poised to double capacity in the near to medium term. The Company is working in tandem with the Government of India to meet its ambitious target of developing 3,130 MT of port capacity in the country by 2020.
Outside India, Essar’s port assets include a liquid terminal in the UK and a coal berth that is in the development stage at Mozambique’s Beira port.
Historic results, outstanding performance and innovations for Logistec(Posted on 24/03/23)
LOGISTEC Corporation, a leading marine and environmental services provider, has announced its financial... Read more
65th Navigation Season opens on the St. Lawrence Seaway(Posted on 24/03/23)
Terence Bowles, President and CEO of the St. Lawrence Seaway Management Corporation (SLSMC), and Adam... Read more
AD Ports to develop Safaga Port and cement terminals in Egypt(Posted on 20/03/23)
Abu Dhabi based AD Ports Group, the leading facilitator of global trade, logistics, and industry, has... Read more
Grain handling expansion at Immingham(Posted on 20/03/23)
Grain handling at the Port of Immingham is increasing thanks to the new opportunities presented by investment... Read more
Marcor Stevedoring closes contract on new LHM 800(Posted on 07/03/23)
Marcor Stevedoring has signed a contract adding Liebherr’s largest and most powerful mobile harbour... Read more
AD Ports enters Uzbekistan logistics market via JV(Posted on 07/03/23)
AD Ports Group, an Abu Dhabi based leading facilitator of global trade, logistics, and industry, and... Read more
Logistec to expand North American network with FMT acquisition(Posted on 02/03/23)
LOGISTEC Stevedoring Inc., a subsidiary of LOGISTEC Corporation, a leading North American marine and... Read more
Bulk recovering as Bilbao launches improvement projects(Posted on 28/02/23)
End-of-year figures for total traffic in the Spanish Port of Bilbao stand at 32.7 million tonnes, up... Read more
Sept-Îles and Logistec reach important iron ore handling milestone(Posted on 24/02/23)
The Port of Sept-Îles and LOGISTEC Arrimage Inc. have announced that they have reached the impressive... Read more
Rotterdam throughput stable despite war as bulk increases(Posted on 24/02/23)
The war in Ukraine led to unprecedented changes in goods flows last year. At 467.4 million tonnes, total... Read more