Port of StocktonSailors SocietyTBA GroupPort of Vancouver USATelestackVigan
  • Telestack
  • TBA Group
  • Port of Vancouver USA
  • Cleveland Cascades Ltd
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Port of South Louisiana

Essar closes in on handling target

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

Transshipments begin with largest ever UAE flagged bulker

(Posted on 11/04/21)

Emirates Steel, the leading integrated steel producer in the Middle East, and SAFEEN Group, the marine... Read more


Milwaukee promotes Polzin to Harbour Master

(Posted on 11/04/21)

The Milwaukee Board of Harbour Commissioners have approved the appointment of Eric Polzin to the position... Read more


Adani increases Krishnapatnam Port ownership

(Posted on 06/04/21)

Adani Ports and Special Economic Zone  Ltd. (APSEZ), India’s largest private Ports &... Read more


Single border checkpoint in Dunkirk

(Posted on 06/04/21)

Daniel Deschodt, Interim Chairman of the Executive Board of Dunkerque-Port, has officially handed over... Read more


UAE rail network to provide raw materials transport

(Posted on 01/04/21)

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah,... Read more


FMT increases Southern USA presence

(Posted on 31/03/21)

Federal Marine Terminals, Inc. (FMT) has signed an operating agreement with Port Itawamba, increasing... Read more


Greenlight for Teesside waste to energy project

(Posted on 28/03/21)

Two of the UK’s leading waste to energy companies – Low Carbon Ltd and PMAC Energy &ndash... Read more


Peel completes autonomous vessel trial

(Posted on 28/03/21)

Peel Ports is the first Port group in the United Kingdom to take delivery of an autonomous unmanned... Read more


Rotterdam closer to hydrogen backbone

(Posted on 22/03/21)

The Port of Rotterdam Authority and Gasunie are working together on the development of a new hydrogen... Read more


ABP Newport’s port-centric manufacturing facility

(Posted on 22/03/21)

Associated British Ports (ABP), the UK’s leading and best-connected port operator, has celebrated... Read more


Port of South LouisianaBühler GmbHCimbriaThe Wolfson Centre for Bulk Solids Handling Technology Coaltrans Global 2021Cleveland Cascades Ltd
  • TOC Events
  • Cimbria
  • Sailors Society
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping