Cleveland Cascades LtdCimbriaPort of South LouisianaTelestackBühler GmbHThe Wolfson Centre for Bulk Solids Handling Technology
  • Port of Vancouver USA
  • Port of Stockton
  • Sailors Society
  • TOC Events
  • Telestack
  • TBA Group

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

MVTTC Chairman invokes Churchillian spirit in New Year message

(Posted on 15/01/21)

David Ryan, Chairman of the New Orleans based Mississippi Valley Trade and Transport Council (MVTTC),... Read more


Key stages of €1.3bn Gdansk plan to complete in 2021

(Posted on 14/01/21)

The Port of Gdansk has announced that key projects within the largest investment programme in its history... Read more


Abu Dhabi Ports expands relief measures

(Posted on 10/01/21)

Abu Dhabi Ports have announced a freeze on rent escalation during 2021 for all businesses in its Industrial... Read more


Sept-Îles welcomes first ship of 2021

(Posted on 10/01/21)

Flying the flag of the Netherlands, the M/V Erasmusgracht arriving from Lake Charles, Louisiana, was... Read more


HHLA PLT Italy starting on schedule

(Posted on 10/01/21)

The announced acquisition by Hamburger Hafen und Logistik AG (HHLA) of 50.01 percent of the multi-function... Read more


Le Havre revitalises multi-bulk terminal

(Posted on 05/01/21)

The Port of Le Havre’s Supervisory Board has awarded a concession for the construction and operation... Read more


Federal Kushiro first vessel of 2021 at Trois-Rivières

(Posted on 05/01/21)

The Federal Kushiro is the first vessel to call the Port of Trois-Rivières in 2021. It docked... Read more


Abu Dhabi Ports hits 2020 targets

(Posted on 05/01/21)

In facing the extraordinary challenge of a once in a generation pandemic, Abu Dhabi Ports has weathered... Read more


BPA welcomes Brexit deal but warns of impacts

(Posted on 28/12/20)

Responding to the news that the EU and the UK had reached an outline agreement on a future post Brexit... Read more


Border checks loom, deal or no deal

(Posted on 22/12/20)

As from 1 January 2021, businesses that conduct trade between the EU and the UK will need to deal with... Read more


Port of Vancouver USAPort of StocktonTBA GroupViganSailors SocietyTOC Events
  • Port of South Louisiana
  • Bühler GmbH
  • Vigan

Subscribe to our newsletter

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