Essar Ports News

India's Essar Bulk Terminal Ltd (EBTL) said it has completed work on the Passenger Ferry Terminal that has paved the way for a cruise-based passenger ferry service, commencing 15 November 2019, between Hazira Port in Surat and Bandra-Worli Sea Link in Mumbai.The Essar Ports company said in a press note that Hazira-based terminal will also lead to ferry services being offered on other routes in the future, revolutionizing coastal transportation in India.Phase I of the terminal project will focus on the movement of passengers between Hazira in Surat to India’s financial capital, Mumbai.While the service is a significant addition to air-…

Essar Ports, India's second-largest, private-sector port and terminal company by capacity and throughput, posted a record 20 per cent cargo growth in April-September period of the ongoing financial year (ending March 31, 2020) with a throughput of 27.29 MT.The Essar Group company, h operates four terminals on the east and west coasts of India, said in a press note that the growth has been driven by a 183.21% increase in third-party cargo compared to that in the corresponding period in the previous financial year. Cargo from captive customers grew by 6%.Rajiv Agarwal, MD & CEO, Essar Ports Ltd, said: “Significant boost in third-party business has been the key driver for our growth in overall volumes.

Indian private ports operator, Essar Ports Limited posted overall 17 percent growth in the cargo throughput at 13.5 million tonne for the first quarter of current fiscal ended 30 June 2019 as against 11.5 MT in the corresponding quarter last year."Higher capacity utilization at its recently commissioned terminals at Salaya and Vizag, and an increase in third-party cargo, were the two key factors that will help the Company achieve its target of handling 60 million tonnes of cargo by 31 March 2020," the Essar Group company said.Essar Ports' first quarter cargo handling performance has been very strong and brought it closer to achieving…

India's Essar Bulk Terminal Salaya Ltd (EBTSL) posted 160 percent growth in its cargo throughput for the Q1FY2020 which ended on June 30, 2019.As against 0.5 million tonnes (MT) in Q1FY19, EBTSL clocked a cargo throughput of 1.3 MT in Q1FY20, said a press release from the deepest draft terminal in Gujarat’s Saurashtra region.The performance marks not only a 160% growth in cargo handling over the corresponding quarter in the previous fiscal, but is also the best throughput achieved since the terminal’s commissioning in 2018.With the terminal integrated 1,200 MW power plant (Essar Power Gujarat) resuming operations, EBTSL is hopeful of a significant boost to its topline and cargo throughput in the subsequent quarters this year.

Essar Bulk Terminal Ltd (EBTL), that operates the 50 million tonne per annum (MTPA) bulk terminal in Hazira, Gujarat, India said a 22 per cent growth in its third-party business during the first quarter ended 30 June 2019, on a year- on-year basis.The Company achieved an overall cargo throughput of 7 MT (million tonnes) in Q1 FY2019-20, of which 1.1 MT was third-party cargo. The share of third-party cargo in overall cargo volumes also rose to 15.7%.According to the port operator, there is a significant upswing in the region’s economic activity and the Hazira terminal is well placed to capitalize on the opportunity. The focus on operational…

Ruias-owned Essar Ports Ltd is exploring the possibility of setting up four Liquefied Natural Gas (LNG) terminals in joint ventures with other companies, reported Economic Times. Rajiv Agarwal, managing director and chief executive of Essar Ports, told PTI at a company-run facility here. He said the company is looking at a cluster of small ports which will be closer to potential customers, adding that Hazira and Salaya, where it already operates ports, could be the sites where it can set up the LNG terminals. The company has interests in ports and shipping, has identified land on both the coasts and plans to come up with two terminals in the first phase and two in second phase, with capacities ranging from 2.5 million tonnes per annum (mtpa) to 5 mtpa.

India's Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port, as part of a Public Private Partnership (PPP) project. The project will be executed on Design, Build, Own, Operate and Transfer (DBOOT) basis through a subsidiary, New Coal Terminal Beira, SA (NCTB SA), which is a joint venture of Essar (which will own 70) and Portos e Caminhos de Ferro de Moçambique (CFM, which will own 30%). The project will enhance the coal handling capacity of Mozambique by 20 MTPA in two phases of 10 MTPA each. Mozambique is estimated to have reserves of over 23 billion tonnes of coal…

India's Essar Ports has won a contract to build the first liquefied natural gas (LNG) terminal in West Bengal  under the Kolkata Port Trust (KoPT) at an investment of Rs 450 crore (USD 70 million). A Press Trust of India report said that the LNG project is expected to be commissioned in two years. The facility will come up at the Haldia port with a capacity to store one million tonne of the clean fuel. Haldia Dock Complex under Kolkata Port Trust had earlier this year invited bids for setting up an LNG terminal with storage and distribution facilities. Essar Ports, in consortium with Ultra LNG and Essar Shipping, had participated in the tender and emerged as the highest bidder for the project, beating state-owned Petronet and private operator V Energy.

Essar Ports (EPL) has registered all-round growth in the quarter ended 30 September 2016. Total cargo handling has grown 35% to 18.27 million tonnes, compared to 13.55 million tonnes in the same period last year. Third-party cargo handling has risen by 106%--to 1.03 million tonnes compared to 0.5 million tonnes. Over the quarter, the various terminals of the company handled 209 ships as against 179 ships in the corresponding period last year. The robust performance in the quarter has been driven by significant operational improvements and better cargo support from anchor customers. Commenting on the performance, Mr Rajiv Agarwal, Managing Director, Essar Ports, said, “Our performance is a reflection of the efficient operations at all our ports and faster vessel turnaround times.

Essar Bulk Terminal Paradip Ltd (EBTPL) has surpassed several of its own performance benchmarks in the first few months of the current fiscal. In the period, EBTPL achieved the highest load rate ever recorded at Paradip port. This was made possible through loading of bigger parcel sizes, faster turnaround of vessels and minimised berth stay durations. EBTPL successfully loaded more than 100,000 tonne of pellets into MV Shravan (sailed) at an average load rate of almost 4,300 tonnes per hour (TPH), which is a record. In contrast in FY2016, EBTPL had loaded 75,000 tonne in a vessel in 18 hours, achieving a load rate of nearly 4,200 TPH. Overall cargo handling by Essar Ports Ltd (EPL), which is the holding company of EBTPL, has witnessed a significant jump in the last four months.

Post the taking over of Vishakhapatnam Port Trust’s (VPT's) Iron Ore Handling Complex (OHC) on a Build-Operate-Transfer (BOT) basis for a period of 30 years in May’ 15, Essar Vizag Terminals Limited (EVTL), a wholly owned subsidiary of Essar Ports Limited (EPL) has boosted the EPL’s strategy of diversifying its customer profile. Through addition of this facility EPL has seen its third party cargo share jump to more than 8% in FY 16 alone with the likes of JSW, NMDC/ MMTC etc. Once upgraded the mechanized system will be able to reach a capacity of 8000TPH, which will be one of the highest cargo-handling rate in Indian Major Ports. During QI FY 17…

The marine terminal of Vadinar Oil Terminal Ltd (VOTL), which is part of Essar Ports Ltd, has been the best performing terminal in the Kandla Port Trust (KPT) for two consecutive years. The terminal recently received a certificate of appreciation from KPT, which crossed 100 million tonnes of cargo throughput for the first time in FY 2015-16. VOTL is an integrated oil terminal located in Vadinar, Gujarat with 58 million tonnes capacity and handles crude oil and petroleum products. The facilities consist of an offshore SPM (Single Point Mooring), two jetties, 3.12 Million KL tankages for storage, and rail and road gantries for dispatch of petroleum products.

Essar Bulk Terminal Limited, Hazira, a subsidiary of Essar Ports Limited, which is a part of Essar, has received an approval from Gujarat Maritime Board (GMB) to handle 15 million tonnes of merchant cargo over three years. Based on this approval, the Hazira Terminal, in keeping with its design and capabilities, will be able to handle a range of cargo for merchant customers, including dry bulk, liquid bulk, containers and so on. The approval was granted under GMB’s captive port policy where jetties built on captive licenses can handle third-party cargo up to a maximum of 50 percent of the total cargo handled. This approval stands to benefit the local industry who will now have access to a modern port facility.

On the back of increased production by its anchor customers, Essar Ports Limited (EPL) has registered significant growth in cargo handling over the last three months. In March 2016 alone, EPL’s four operational ports handled total cargoes of 6.25 million tonnes (MMT), which translates to a run rate of 75 million tonnes per annum (MTPA). With the recent commissioning of the 20 MMT Salaya Bulk Terminal, cargo handling will see a further boost in FY2017. The contribution of third-party traffic to overall cargo handling stands at about 10% currently. About 90% of the cargo handled at EPL’s Hazira, Vadinar, Vizag and Paradip ports is contracted with captive businesses, like Essar Steel India Ltd, Essar Oil Ltd and Essar Power Ltd.

True to its annual tradition the port of Antwerp is organizing a trade mission to India in February this year. Port Authority chairman Marc Van Peel will be accompanied on his visit to Delhi and Mumbai by Pieter De Crem, the Belgian secretary of state for Foreign Trade. The agenda includes among other things the annual Port of Antwerp reception, the presentation of an award to the Indian forwarders’ association and the opening of a new course offered by JNPT APEC Port Training Centre that was set up in Mumbai last year in close collaboration with APEC, the Antwerp training centre for maritime professionals. The port of Antwerp has been investing for several years now in strengthening collaboration with the Indian business world and local authorities.

A few months ago the Essar Group from India decided to buy back the shares from her daughter company Essar Ports Limited (EPL). Port of Antwerp International (PAI), the international consulting and investment subsidiary of Antwerp Port Authority, set up an alliance in 2012 with EPL, which was accompanied by an investment of 25 million euros, five million of which was contributed by the Flemish Regional Investment Company (FRIC). PAI and FRIC have come out of the existing financial arrangement with a capital gain of 6.8 million euros on top of their original investment, which has been recovered in full. In the meantime the collaboration with EPL will continue unabated in other areas.

Essar Ports Limited, part of Essar, today announced its unaudited results for the quarter ended September 2015. 1.    Revenue for the quarter is Rs. 470.3 cr, an increase of 8% against Rs 435.3 cr in Q2FY’15 and an increase of 4% against Rs 452.2 cr in Q1FY’16. 2.    EBITDA for Q2FY’16 is Rs. 379.5 cr, an increase of 5% against Rs 361.4 cr in Q2FY’15 and an increase of 4% against Rs 364.9 cr in Q1FY’16. 3.    PAT for Q2FY’16 is Rs. 104.5 cr, an increase of 9% against Rs 96.1 cr in Q2FY’15 and an increase of 5% against Rs 99.1 cr in Q1FY’16. Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd.. commented, “The Company has consistently delivered results in line with expectations. We are on track for completing our capacity addition projects over the next few years.

Port of Antwerp International (PAI), the international consulting and investment subsidiary of the port of Antwerp, and APEC, maritime training and education, conduct their activities in India strongly. Recently, under the impetus of the Indian Ministry of Shipping, signed an agreement with the Indian Ports Association PAI gives the order to develop the major Indian ports, called major ports, jointly audit and a joint optimization project. In connection with the execution of this contract there are two teams of PAI in India to screen the ports of Kandla and Paradip. APEC and the Indian Ministry of Shipping decided early this year, along with Jawaharal Nehru Port Trust -the largest container port in India- a common training center being shod at the last APEC.

Essar Ports Ltd. (EPL) today announced the taking over of Vishakhapatnam Port Trust’s (VPT) Iron Ore Handling Complex on a Build-Operate-Transfer (BOT) basis, for a period of 30 years. Essar Vizag Terminals Ltd. (EVTL), a wholly owned subsidiary of EPL, will comprise three berths (two outer harbour berths and one inner harbour berth) with a combined capacity of 23 Million Tonnes per Annum (MTPA) which will be developed in two phases. “Enhancing the cargo handling capacity and mechanization of port facilities for efficient management is crucial for long term sustenance. We are very sure that Essar will develop the OHC facility with latest state-of art handling facilities and achieve higher loading rate thereby reducing the overall turn around by at least 50%”- M.T.

Essar Ports Limited today announced its unaudited results for the full year and quarter ended March 2015. ·         Essar Ports takes over the Vizag Iron Ore outer harbor terminal with 2 berths on 14th May 2015. Existing operational terminal with no gestation period. Refurbishment of terminal to happen alongside operations. 1.    Revenue for FY’15 is Rs. 1,741 cr, an increase of 6% against Rs 1,637 cr in FY’14. 2.    EBITDA for FY’15 is Rs. 1,416 cr, an increase of 7% against Rs 1,327 cr in FY’14. 3.    PAT for FY’15 is Rs. 391 cr, an increase of 2% against Rs 384 cr in FY’14. 4.    Earnings Per Share for FY’15 were Rs. 1.    Revenue for the quarter is Rs. 440 cr, an increase of 1% against Rs 434 cr in Q3FY’15 and 6% increase against Rs 416 cr in Q4FY’14. 2.    EBITDA for Q4 FY’15 is Rs.

Essar Ports Ltd. (Essar Ports), part of the Essar, today announced its unaudited results for the quarter ended September 2014. *Revenue for the quarter increased by 1% at Rs. 435.3 crore as against Rs. 431.6 crore during previous quarter (Q1 FY15)and  increased by 7% from Rs. *EBITDA for the quarter increased by 4% to Rs. 361.4crore from Rs. 346.8 crore during the previous quarter (Q1 FY15) and increased by 9% from Rs. *Net Profit for the quarter has increased by 4% to Rs. 96.1crore from Rs. 92.2 crore during the previous quarter (Q1 FY15) and reduced by 1% from Rs. *Earnings per Share as at Q2 FY15 were at Rs 2.25. Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd.

Rail system needs more tracks and wagons; Not enough coal gets from port to power stations. India is targeting up to $1 billion of private investment by 2017 to build rail lines linking ports and national networks to ease growing congestion, which has delayed coal imports for power plants and contributed to a power supply crisis. Such investment would more than double the $400 million that India's state-owned railways have attracted in the decade since they allowed limited private participation and help fund crucial "last mile" links to ports. Cash-starved, India's British-built rail system has added just 11,000 kilometres (6,800 miles) of track in the 67 years since independence, and the network has come to symbolise the poor state of India's infrastructure.

Essar Ports Ltd. a part of Essar, today announced its unaudited results for the quarter ended 31st December 2014. Revenue for the quarter stands at Rs. 434.3 cr, an increase of 9% over corresponding quarter in FY14. EBITDA at Rs. 359.6 cr in Q3 FY15, an increase of 11% over corresponding quarter in FY14. Commensurately, net profit for the quarter increased to Rs. 98.3 cr which is 5% higher than in the corresponding quarter of FY14. Earnings per Share for Q3 FY15 was at Rs 2.30. Mr. Rajiv Agarwal, Managing Director, Essar Ports Ltd. commented: “The Company has achieved another quarter of consistently strong performance. We are quite bullish at the moment with a few of our projects expected to start operations during this year.