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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Olympic Pact with Canyon Offshore

Norwegian offshore shipping company Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of

HII Secures Aircraft Carrier Planning Contract

Huntington Ingalls Industries (HII) was awarded a $152 million contract for advance planning for the construction of the third aircraft carrier in the Gerald R.

Wood Group Bags Statoil MSA

Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore  and onshore facilities. Work and

Ports

Iranian Port Deal: Modi's Masterstroke

Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar

DP World Launches $1.2 bln Sukuk Issue to Cover Tender

Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed.   The issue, structured to

New Call at Port Kelang on CMA CGM’s REX 2

CMA CGM has introduced a new westbound call at Port Kelang on its REX 2 service connecting Asia with Red Sea.   CMA CGM has decided to replace its REX2 westbound Singapore call with Port Kelang.

Finance

China Okays CMA CGM's Acquisition of NOL

CMA CGM S.A. (CMA CGM), a global leader in container shipping, announces that it has received today confirmation that its pending acquisition of Neptune Orient Lines (NOL),

Euroseas Faces Headwinds, Reports Loss

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

STX Sells Lorient Shipyard

The shipbuilding group STX France has offloaded its Lorient shipyard to a naval consortium.    The shipyard, which has produced civil and naval vessels, will be purchased by Kership,

News

China Okays CMA CGM's Acquisition of NOL

CMA CGM S.A. (CMA CGM), a global leader in container shipping, announces that it has received today confirmation that its pending acquisition of Neptune Orient Lines (NOL),

Euroseas Faces Headwinds, Reports Loss

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Iranian Port Deal: Modi's Masterstroke

Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar

Government Update

Iranian Port Deal: Modi's Masterstroke

Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar

Japan, Canada Share "Serious Concerns" on South China Sea-PM Abe

Japan and Canada share "serious concerns" over reclamation and militarisation in the South China Sea, Japanese Prime Minister Shinzo Abe said on Tuesday, in an

Atlantic Hurricane Season Could be More Active

The Atlantic Ocean could be gearing up for an active hurricane season, meaning North American residents may want to pay attention. In recent years, single hurricanes

Mergers & Acquisitions

China Okays CMA CGM's Acquisition of NOL

CMA CGM S.A. (CMA CGM), a global leader in container shipping, announces that it has received today confirmation that its pending acquisition of Neptune Orient Lines (NOL),

STX Sells Lorient Shipyard

The shipbuilding group STX France has offloaded its Lorient shipyard to a naval consortium.    The shipyard, which has produced civil and naval vessels, will be purchased by Kership,

Hapag-Lloyd Pushes Back AGM on Merger Talks

Hapag-Lloyd said it had decided to postpone its annual general meeting scheduled for June 1, 2016 due to ongoing merger talks between German container shipping

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Winch
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: 0.1040 sec (10 req/sec)