CimbriaTOC EventsThe Wolfson Centre for Bulk Solids Handling Technology Sailors SocietyCleveland Cascades LtdPort of Stockton
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Bühler GmbH
  • Vigan
  • Sailors Society
  • TBA Group
  • Cimbria

Essar Ports eyes V shaped recovery

Essar Ports eyes V shaped recovery

(Posted on 07/07/20)

The green shoots of recovery, post COVID-19 lockdown are being seen by Essar Ports due to a pickup in activity in Indian steel, power and mining sectors.

Essar Ports specializes in development and operations of ports and terminals for handling dry bulk, break bulk, liquid and general cargo. It is one of the largest private sector port operators in India in terms of capacity and throughput.

Between March and May this year, the longest lockdown in the world was imposed across India to check the spread of COVID-19. Business operations came to a halt and all industries were affected. In the first quarter of FY2020-21, businesses have been on the move to optimize, reinvent and remain relevant so they could return to old performance levels.

At Essar Ports, there was a dip in cargo handling in April 2020 on account of dwindling production of its key customers—mainly power and steel companies. However, during Q1 FY21, which is the quarter ending 30 June 2020, Essar Ports recorded an impressive cargo handling of 11.23 million tonnes (MT), with June 2020 cargo growing by 75% compared to the April tonnage.

“Essar Ports takes pride in manifesting the honourable PM’s dream of an Aatmanirbhar Bharat. In June 2020, Unlock#1 was unleashed across the country, and the economy immediately started displaying green shoots of recovery. Our terminals, which remained operational despite challenges faced through the successive phases of the lockdown, have clocked an impressive cargo handling of 11.23 MT. We are well placed and prepared to ensure the nation’s economic engines are up and running in the most efficient manner,” said Mr Rajiv Agarwal, CEO & MD, Essar Ports.

Essar Ports has four operational terminals in India—one each in Hazira and Salaya (both in Gujarat) on the west coast, and in Visakhapatnam and Paradip on the east coast. The current operational capacity of the port terminals in India is 110 MTPA.

Latest News

Work starts at Amsterdam’s Energiehaven

(Posted on 29/07/21)

This coming week, Rijkswaterstaat will see the start of preparatory work to remove contaminated dredged... Read more


ABP invests £8m for bespoke Frontier warehouse

(Posted on 26/07/21)

Associated British Ports (ABP) is investing £8 million to build a bespoke warehouse for valued... Read more


New Milwaukee tenant to focus on green infrastructure

(Posted on 26/07/21)

Port Milwaukee has announced a new long term lease arrangement with Perch Point, a limited liability... Read more


Sohar Port looks to India

(Posted on 20/07/21)

SOHAR Port and Freezone, in collaboration with the Federation of Indian Chambers of Commerce & Industry... Read more


ABP celebrates strong performance

(Posted on 20/07/21)

Associated British Ports (ABP), the UK’s leading ports group, has published its Annual Review... Read more


Record year for Pilbara Ports

(Posted on 15/07/21)

In a year when the Port of Port Hedland welcomed its first LNG-fuelled bulk carrier, the Panama-flagged... Read more


UWC and Acron agree on 500 hopper cars

(Posted on 15/07/21)

Research and production corporation, United Wagon Company, Russia's largest manufacturer of freight... Read more


Rail gateways outline pro-competitive combination benefits

(Posted on 11/07/21)

CN and Kansas City Southern have outlined how the proposed combination of CN and KCS will preserve and... Read more


ABP welcomes new £1m pilot launch vessel to Humber

(Posted on 11/07/21)

Associated British Ports (ABP) has welcomed the first of five new pilot launch vessels to the UK&rsquo... Read more


Eurochem and UWC agree hopper cars deal for mineral fertilizers

(Posted on 05/07/21)

EuroChem and Research and production Corporation, United Wagon Company, Russia's largest manufacturer... Read more


TelestackPort of South LouisianaTMS Awards 2021TBA GroupBühler GmbHVigan
  • Van Aalst
  • Port of South Louisiana
  • Coaltrans Asia 2021

Subscribe to our newsletter

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