Paradip Port News

Exports of gasoline and blend stocks from Asia to the United States rebounded in May from April, including two rare shipments from India, to meet rising summer demand in the west, industry sources and analysts told Reuters.Global gasoline demand growth has shifted back to the United States and Europe, where widespread COVID-19 vaccinations are spurring more travel. In contrast, fuel use in Asia outside China has slowed recently as India, Malaysia and other key fuel markets were hit by lockdowns, prompting traders to send fuel westwards.In May, traders loaded about 3.8 million barrels of gasoline and blending components from Asia, mainly South Korea and India…

Ports on India's eastern coast on Sunday restricted shipping activities and asked vessels to vacate anchorages ahead of a cyclonic storm expected to make landfall on Wednesday, port authorities and trade sources said.The Indian Meteorological Department (IMD) has warned that a "very severe cyclonic storm" would impact Indian states including Odisha and West Bengal, where key ports are located.Some regions are likely to receive heavy rainfall and wind speeds could reach 110 miles per hour…

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 Ports Association (IPA) has appointed Tech Mahindra as the Managed Service Provider for five major ports. This is the first such outsourcing deal in the major ports.Tech Mahindra will build and maintain an enterprise business system (EBS) to modernise and automate port processes at five Central government-owned port  at Mumbai ,Kolkata, Chennai, Deendayal Port  and Paradip Port Trust.This initiative is a major step towards integrating the maritime sector and fostering growth and development of major public sector ports in the country.Tech Mahindra is partnering with world class leading players like SAP, Envision, CISCO, Dell, RTCom and other major players.

India's three major ports, including Paradip in Odisha, may acquire a stake in Dredging Corporation of India (DCI) based on availability of surplus funds lying with them."In a meeting chaired by Secretary (Shipping) with Chairmen/Chairmen I/C of Major Ports, held on 18th June 2018, the disinvestment proposal of Dredging Corporation of India Ltd (DCI) was discussed," Minister of State for Shipping Mansukh L Mandaviya informed the Parliament."It was suggested that Visakhapatnam Port Trust (VPT), Paradip Port Trust (PPT) and New Mangalore Port Trust (NMPT), based on the availability of surplus fund lying with them may strive to acquire shares of DCI given the linkage of dredging activity with the Ports…

The Government of India has got a budget allocation of  INR 228 crore (USD 35.1 mln) for the development of Inland waterways transport, which also includes INR 126 crore (USD 19.4 mln) for North Eastern Region, for the year 2017-18. The proposal for raising Extra Budgetary Resources (EBRs) of  INR 1,000 crore (USD 154 mln) through bonds was approved by Ministry of Finance in 2016-17. Out of  INR 1000 crore, INR 340.00 crore was raised during 2016-17. Remaining amount of INR 660.00 crore has been raised in the Financial Year 2017-18. Out of 111 National Waterways declared by the Government through the National Waterways Act, 2016, National Waterway-1 (Ganga-Bhagirathi-Hooghly river system from Allahabad to Haldia)…

The Ministry of Shipping has re-rated the capacities of all berths across 12 Major Ports in order to benchmark port capacities with global standards as per Berthing Policy, 2016. The Re-rating exercise identified an additional capacity of 293MT available with the Major Ports. The effective rated capacity of 12 Major Ports is now 1,359 MT per annum and capacity at desired occupancy is 989 MT per annum. The effective rated capacity of Kandla Port is 246 MT, that is highest among Indian port, followed by 234 MT of Paradip Port. The re-rating exercise has been done in consultation with all Major Ports. The capacity utilization of berths in major ports is reviewed regularly.

The Ministry of Shipping in India is organizing a workshop titled ‘Promoting Coastal Shipping and Inland Navigation in India’ in Bhubaneswar, Odisha state today. This is the second in a series of workshops the Ministry plans to hold over the next 6-8 months to create awareness about the Sagarmala programme amongst the stake holders and to engage with them. India’s 7500 kms of coastline and almost 14,000 kms of navigable rivers provide the perfect platform for the development of integrated water based transport system for domestic and EXIM freight as well as passenger transport. The promotion of coastal shipping and inland navigation will help to reduce the congestion on the road and rail network.

The twelve major ports under the Ministry of Shipping, India handled a record 647.43 MT of traffic in 2016-17, registering an annual growth rate of 6.79 percent, as against 4.32 percent last year. With this, these ports have out- performed private ports for the second consecutive year. The private ports have registered a traffic growth rate of 4 percent this year. The top position in cargo handling was retained by Kandla Port that handled 105.44 Million Tonnes of cargo, registering a growth of 5.39% over last year. This was followed by Paradip Port with 88.95 Million Tonnes of cargo handled, and an impressive growth rate of 16.45%. Mumbai…

Paradip Port has achieved a record discharge of 62,730 MT of coking coal for a conventional berth in a time-frame of 24 hours overcoming its previous high of 55,337, MT. Located at 210 nautical miles south of Kolkata and 260 nautical miles north of Visakhapatnam on the east coast of India in the Odisha state on the shore of Bay of Bengal, the port had berthed MV Pacific Energy at CQ1 carrying 87,551 MT coking coal for Jindal Power and Steel Ltd on January 5 at 1536 hours after the vessel arrived on January 4. According to industry sources close to the development, “If these sort of discharge rates are maintained, Paradip port can consolidate its position as the Number 2 major port in the country and can attract more cargo.

All Major Ports have been directed to implement the Radio Frequency Identification (RFID) system to track the movement of men, materials and vehicles within the port premises on real time basis. Implementation of RFID system will eliminate manual checking of documents at port gate and real time tracking of movement of vehicles, men and materials. This would reduce congestion and also cost of operations at Ports. Ports have been directed to have the RFID system in place by 31.03.2017. At Haldia Dock Complex (HDC), Kolkata Port Trust,  for RFID based Vehicle Tracking and Management System work order placed on 9.5.2016. Software developed and other activities are in process. The entire project will be implemented by 31.12.2016.

Development of Inland Water Transport is a priority of the Ministry of Shipping. After the declaration of 106 new National Waterways, in addition to the existing 5 National Waterways, under the National Waterways Act, 2016, the responsibilities of Inland Waterways Authority of India (IWAI) have increased manifold. To ensure the development of the National Waterways in a time-bound and effective manner, the IWAI in the presence of Nitin Gadkari , Hon`ble Minister of Shipping and Road Transport & Highways has signed three separate Memorandum of Understanding (MoU) with Dredging Corporation of India (DCI), Paradip Port Trust (PPT) and Mormugao Port Trust (MPT) on Wednesday, 28th September 2016.

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.

Among five major ports on the east coast Paradip Port topped the list with 28.65 million tonnes of cargo for the first four months, followed by Chennai Port 17.42 million tonnes, V.O.C Port 13.07 million tonnes, Krishnapatnam Port 11.57 million tonnes and Kamarajar Port close to 9 million tonnes. The five ports have collectively handled about 80 million tonnes of cargo during the first four months of the current fiscal year, fuelled by imports of coal and petroleum, oil and lubricant (POL) products. Paradip Port handled a record throughput of 8.06 MMT in a single month - July,2016 - surpassing the earlier highest record handling of 7.61 MMT cargo in the month of March, 2016.

The State Government of Odisha will partner the Ministry of Shipping for taking ahead the ‘port-led development’ agenda under Sagarmala, the flagship program of the Ministry. The State Government has confirmed 10% equity participation in the Special Purpose Venture (SPV) of Indian Port Rail Corporation Ltd (IPRCL) that will be formed for development of a heavy haul rail corridor from Salegaon to Paradip port. This initiative will strengthen supply-side connects from mine to port and will boost coastal movement of 140 MTPA of coal, as envisioned in Sagarmala National Perspective Plan. The rail link will serve as the last mile connectivity to transport bulk cargo of thermal coal from the Mahanadi Coalfields Ltd (MCL)…

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.

The Cabinet Committee on Economic Affairs (CCEA), Government of India, chaired by the Prime Minister Narendra Modi, has given its approval to the project of Mechanisation of East Quay (EQ) Berths-1, 2 and 3 at Paradip Port on Build, Operate and Transfer (BOT) basis, under Public Private Partnership (PPP) mode' for handling thermal coal exports. The estimated cost of the project is Rs.1437.76 crore of which Rs. 1412.76 crore will be spent by the concessionaire. The remaining Rs.25 crore will be spent by the Paradip Port Trust on dredging. The project envisages mechanization of EQ 1, 2 and 3 Berths to increase their capacity from the existing 7.85 million tonnes to 30 million tonnes. The project is scheduled to be completed within three years from the date of award of concession.

Odisha Cooperation and Excise Minister Damodar Rout today alleged that there has been a big conspiracy to curtail the business of Paradip port in Odisha. He said the Central government has knowingly hatched a conspiracy to make Odisha’s Paradip port defunct. Dr. Rout said the Port which bagged the Peacock award for handling the highest cargo traffic last year is now facing an alarming situation of reduced traffic handling. Rout said: "After the Adani group had taken over the control of Dhamara port from L&T, a section of BJP leaders at the Centre were trying hard to take away all the business from Paradip port to the advantage of Dhamra port.

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 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.

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing shiploads of coal due to a severe shortage at home, leading to heavy congestion in one of the country's busiest ports that now has twice the number of vessels waiting than its available berths. The over-crowding at Paradip port in eastern Odisha could derail India's efforts to prevent a shutdown of more than half of its power plants which are running on stocks of less than a week in the worst deficit since a massive blackout in 2012. While Power and Coal Minister Piyush Goyal has urged power firms to bring more coal into India - already the world's No.

Heavy Lift vessels visiting Indian ports are in for berthing delays at various ports. * In Mumbai Port, berthing delays of approx 10 days for vessel opting for BPS & BPX berths and for Harbour wall berth it is 8 days. For priority vessel it is approx 4 to 5 days. No delays inside Indira docks. * Waiting time in Nhava Sheva shallow water berth is  NIL to 1 day and depends further on the performance of ships at berth and cement vessel calling in near future. * Kandla port - berthing delays in normal import  is 8 to 9 days & normal export group is approx 2 to 3 days, and in 24 hrs group it is expected to be between 24 hrs to 36 hrs. * Mundra port is presently free from congestion. * Adani Hazira port - situation is normal. * Waiting period at Adani Dahej port is approx min 8 to 10 days.

Heavy Lift & Project vessels calling at Indian ports are experiencing congestion, which according to the trade is an artifically created situation. They point out that unlike other vessels, Heavy Lift vessels turnaround time may extends to two to three days or even more. As a result preference is given to other vessels. * In Mumbai Port, berthing delays of approx 8 to 10 days in normal group and for priority vessel 3 to 4 days for vessel opting for BPS & BPX berths,and for Harbour wall berth it is 3 to 4 days. No delays inside Indira docks. * Waiting time in Nhava Sheva shallow water berth is  NIL to 1 day and depends further on the performance of ships at berth and cement vessel calling in near future.