TBA GroupCoaltrans MENA 2020TOC EventsCoaltrans School of Coal Singapore 2020Sailors SocietyPort of Stockton
  • Coaltrans Poland 2020
  • Cimbria Bulk Equipment A/S
  • The Wolfson Centre for Bulk Solids Handling Technology
  • TBA Group
  • Coaltrans MENA 2020
  • Vigan

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

CN supports train speed amendments

(Posted on 18/02/20)

CN, the Canadian National Railway Company, is supportive of the decision by Canada’s Transport... Read more


Albwardy Damen opens in Sohar

(Posted on 18/02/20)

On 12th February Albwardy Damen entered into an agreement with Sohar Port for the opening of a workshop... Read more


Rotterdam biomass imports grow

(Posted on 14/02/20)

The Port of Rotterdam saw a freight throughput of 469.4 million tonnes in 2019, fractionally higher... Read more


Port of Tyne appoints logistics expert

(Posted on 14/02/20)

Mel Brockhouse has joined the Port of Tyne as its Chief Operating Officer. In his new role, Mel will... Read more


Ipswich celebrates aggregates record

(Posted on 13/02/20)

Associated British Ports (ABP) has announced that in November 2019, it handled the largest quantity... Read more


Record year for Trois-Rivières

(Posted on 13/02/20)

 The Port of Trois-Rivières, Canada, ended 2019 with a new record for goods handled. A total... Read more


Strong cereal exports for HAROPA

(Posted on 02/02/20)

With a total of 90 million tonnes of maritime traffic over the year at the HAROPA ports of Rouen, Le... Read more


Milwaukee grows in 2019

(Posted on 02/02/20)

Cargo traveling through Port Milwaukee facilities increased significantly in 2019 led by growth in all... Read more


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... Read more


Antwerp to further reduce emissions

(Posted on 31/01/20)

Port of Antwerp is taking yet another important step in the transition to a sustainable, low-carbon... Read more


Bühler GmbHCoaltrans Poland 2020The Wolfson Centre for Bulk Solids Handling Technology Port of BelleduneCimbria Bulk Equipment A/STelestack
  • Port of Belledune
  • Telestack
  • Coaltrans School of Coal Singapore 2020

Subscribe to our newsletter

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