

(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.
Marcor Stevedoring B.V. intends to extend its floating terminal in Rotterdam with the development of... Read more
The first spade has gone into the ground for the new 800-metre-long quay at Quarleshaven in East Vlissingen... Read more
AD Ports Group and the Red Sea Ports Authority have signed a Term Sheet and a Head of Terms agreement... Read more
In the first quarter of 2022, 1.5% less freight passed through the Port of Rotterdam than in the same... Read more
The total throughput of Port of Antwerp amounted to 58.3 million metric tonnes in the first quarter,... Read more
Sea freight cargo traffic at North Sea Port increased by more than 6% during Q1 2022. The consequences... Read more
In collaboration with US Customs and Border Protection (CBP) and the Foreign Trade Zone Board, the Port... Read more
The entire share capital of Hangö Stevedoring has been transferred to Euroports Finland on 31.3... Read more
Etihad Rail, the developer and operator of the UAE’s National Rail network, and Dubai Industrial... Read more
AD Ports Group has announced the signing of a Memorandum of Understand (MoU) with the Kuwait General... Read more