Essar closes in on handling target

(Posted on 28/08/19)

Essar Ports has said higher capacity utilisation at its recently commissioned terminals at Salaya and Vizag, and an increase in third-party cargo, are the two key factors that will help the Company achieve its target of handling 60 million tonnes of cargo by 31 March 2020.

The Company’s first quarter cargo handling performance has been very strong and brought it closer to achieving its target throughput by the end of the current financial year. For the quarter ended 30 June 2019, Essar Ports reported an impressive 17.4 percent growth in cargo volumes across its four terminals. The combined throughput stood at 13.5 million tonnes—up from 11.5 million tonnes in the same period last year.

All Essar terminals are focused on bulk and dry bulk cargoes that are primarily used as raw material in core sector industries, like Steel and Power.

“Our business is on a record growth trajectory with all terminals operating in full swing. Significant boost in third-party business and enhanced capacity utilisation of our anchor customers has been the key driver for the growth in volumes. We have consistently surpassed the average sectorial growth rate and are confident of achieving our target by March 2020,” said Mr Rajiv Agarwal, MD & CEO, Essar Ports Ltd. 

Essar Ports is one of India’s largest private sector port and terminal developers and operators. It has invested Rs 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-containerized bulk cargo space.

All Essar Ports terminals use advanced cargo handling infrastructure and are equipped to double capacity in the near to medium term. The Company is focused on not only enhancing cargo throughput, but also on ramping up capacity and contributing meaningfully to the Government of India’s 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 terminal which is in development stage at Mozambique’s Beira port.

Latest News

Upgrade is game-changer for Port of Oshawa

Thanks to a suite of recent upgrades, vessels can now access the Port of Oshawa, Canada, 24/7, giving... Read more

Record-breaking bulker retires after three decades serving Liverpool

The Port of Liverpool has bid farewell to its longest-serving vessel, the Yeoman Bank, after it made... Read more

AD Ports Group opens Islamabad office, expanding presence in Pakistan

Abu Dhabi based AD Ports Group, a leading enabler of global trade, logistics, and industry, has officially... Read more

Rotterdam’s first half year throughput declines with dry bulk down 8.9%

Throughput in the port of Rotterdam decreased by 4.1% in the first half of 2025. This brought the total... Read more

Jeroen Eijsink to become CEO of HHLA

The Supervisory Board of Hamburger Hafen und Logistik AG (HHLA) has appointed Jeroen Eijsink as... Read more

Canada is feeding the world with support from marine shipping

As the 2025 marine shipping season has progressed, grain traffic has remained the dominant story of... Read more

ABL strengthens market value and global reach through TSA acquisition

Asian Bulk Logistics (ABL), has finalised its acquisition of Transhipment Services Australia (TSA),... Read more

Klaipeda Port leads Baltic States in cargo growth

In the first six months of this year, nearly 19 million tons of cargo were handled at Klaipeda Port.... Read more

Adam Bell named President of S.H. Bell Company

S.H. Bell Company, a trusted name in cargo handling, warehousing, and logistics for more than 90 years... Read more

Declining bulk traffic at Antwerp-Bruges in first half of 2025

In the first six months of 2025, the total throughput of Port of Antwerp-Bruges was 137.2 million tonnes... Read more