Paradip Port on a robust expansion mode

By Joseph R. Fonseca
Monday, June 09, 2014
Paradip Port

 

Paradip Port, one of the twelve major ports of India, located close to the mineral rich states on the East coast plans to add significant capacity to meet the ever increasing demand in the region. As a part of its capacity expansion program, Paradip Port Trust intends to develop a Western Dock complex comprising of 6 berths each with a capacity of at least 10 MTPA.

In this regard, PPT conducted a conference yesterday for potential investors to present the opportunity and take feedback from the investor community.

The Port is situated at 210 nautical miles south of Kolkata has seen a steady growth in traffic over the years having handled an all time record cargo of 68 million tonnes in the last financial year 2013-14 with a growth of 20.25%. This achievement was possible due to rapid expansion in the capacity of the Port over the last decade, when its capacity was augmented by more than 2.5 times to reach the current level of 108.5 million tonnes per annum (MTPA).

Upcoming projects:


In order to support the economic growth in its mineral rich hinterland, the Port has planned several projects for expanding its capacity. The construction of southern oil jetty of 10 MTPA capacity is in progress and is likely to be commissioned during this financial year. Port is planning for mechanization of EQ I,II & III to increase capacity to 30 MTPA, mechanize CQ I & II to increase capacity to 20 MTPA, develop a new iron ore berth of 10 MTPA capacity, a new coal berth of 10 MTPA capacity, a multipurpose clean cargo berth of 5 MTPA capacity, a LNG terminal of 10 MTPA capacity and an Inland Container Depot (ICD).

Apart from the development plans mentioned above, the Port has envisioned the development of a Western Dock Complex comprising of 6 berths. All the berths in the Western Dock as well as Multipurpose berth, Container berth, Iron Ore berth and Oil berth, will have a draft of 17.1 meters and will be able to accommodate cape size vessels of 1,85,000 DWT.

In order to facilitate efficient operations at these berths, the Port has earmarked a total of 94 acres for stack yard. It is estimated that a total investment of Rs 6,000 to 6,500 crores would be required for development of the Western Dock. The cargoes considered for the new dock are coal imports (both thermal and coking), coastal movement of coal (outward movement), fertilizer and containers. The Port intends to develop these berths with participation from the private sector either as a captive facility or as a common user facility under the BOT route.

Already one of the fertilizer majors of the country has shown interest to take a captive berth in he Western Dock. The Port has already initiated the process for taking environment clearance for this project.

The above projects will entail an investment of Rs. 16,000 Crs. over a period of 7 – 9 years with the following investment components:

(a) PPP investment: Rs. 15,100 Crs.
(b) Paradip Port’s investment: Rs. 900 Crs.

On completion the above projects the capacity of the Port will be shored up to 270.50 MTPA by 2023.

( $1 = Rs 59/-)


 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Two New Hybrid RTGs for Port of Shanghai

Corvus Energy informs it will provide the battery systems for an additional two hybrid solutions for new rubber-tired gantry cranes (RTGs) that will be produced

Puget Sound Reports Container Volume Growth

Less congestion and efficient cargo movement helped international container volumes through the Puget Sound gateway improve 14 percent in June compared to June 2014, the port reported.

Redesigned LaGuardia Airport to Include Ferry Terminal

The Port Authority of New York and New Jersey and Delta Air Lines are set to overhaul New York’s notoriously outdated and publically criticized LaGuardia Airport,

Finance

Major Ivorian Cocoa Buyers Boycott Local Exporters Scheme

Major cocoa buyers are boycotting a scheme in Ivory Coast aimed at guaranteeing local firms a share of the lucrative export market, arguing that these players lack

Matson Pumps $30 Million into Alaska Operations

Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services.

General Dynamics Tops Q2 Estimates

General Dynamics Corp, a maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit.

News

Two New Hybrid RTGs for Port of Shanghai

Corvus Energy informs it will provide the battery systems for an additional two hybrid solutions for new rubber-tired gantry cranes (RTGs) that will be produced

USCG Investigates Oil Slick off California Coast

The U.S. Coast Guard was investigating a large oil sheen off the California coast west of Santa Barbara on Wednesday, a spokeswoman for the agency said.   The slick,

Puget Sound Reports Container Volume Growth

Less congestion and efficient cargo movement helped international container volumes through the Puget Sound gateway improve 14 percent in June compared to June 2014, the port reported.

Government Update

Mexico to Postpone Deep Water Auction

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production

Brazilian Police to Probe Nuclear Submarine Program

Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S.

Philippine Port Project Draws Multi-National Attention

MANILA, July 29 (Reuters) - A 18.99 billion pesos ($417.91 million) project to modernise a port in the southern Philippines has attracted interest from five groups,

Mergers & Acquisitions

Scorpio Tankers to Acquire Product Tanker

Scorpio Tankers Inc. announced today that it has entered into an agreement to purchase an MR product tanker. The Company reached an agreement with an unrelated

Navig8 Amessi joins the Delta8 Pool

Navig8 Chemicals is pleased to announce the delivery of Navig8 Amessi, the eleventh of eighteen ECO 37,000dwt chemical tankers constructed at Korea's Hyundai Mipo Dockyard ("HMD").

Continental Delivered to Dorian LPG

Dorian LPG Ltd. an owner and operator of modern Very Large Gas Carriers (VLGC), reported today that it took delivery of the ECO VLGC Continental from Hyundai Samho Heavy Industries.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1507 sec (7 req/sec)