Kamarajar Port Posts 10.7% Growth, Plans Free Trade Warehousing Zone
Throughput at Ennore-based Kamarajar Port Ltd increased 10.6 per cent in 2014-15 to 30.25 million tonne as against 27.34 mt registered during the previous year. The port has posted a 5 percent growth in pre-tax profit to Rs 421.47 ($70 million). Operating income was up 12.3 per cent to Rs 563.64 crore for the period as compared with Rs 501.93 crore. The major share of the throughput was imports of coal by the Tamil Nadu Electricity Board (TNEB). The port located at Ennore to the north of Chennai now primarily handles coal import and car export. "We have posted over 12 per cent increase in operating income and over 5 per cent in profit. We were not expecting a major jump, since there were no more new terminals coming into operation.
Latest on 'Rena' Salvage
Salvors report steel cutting on board the 'Rena' continued with very good progress made during the current stable weather window. • An additional 70 tonnes has been removed from the forward section using the Bell 214 helicopter. • This brings the total steel weight removed to approximately 200 tonnes. • The focus for the coming week – weather permitting – will be the continued cutting of the forecastle deck and deck equipment, as well as replenishing cutting materials and equipment by helicopter. • On behalf of the owners and insurers, Braemar recovery teams have been in full swing, with land, sea and air operations underway this week.
