Krishnapatnam Port News

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private sector port operator, has agreed to buy a 75% stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of INR 13,572 crore (US $1.9 billion). KPCL is located in the southern part of Andhra Pradesh, the state with the second largest coastline of in India, and is a multi-cargo facility which handled 54 MMT in FY19.This acquisition will accelerate APSEZ’s stride towards 400 MMT by 2025.Acquisition value of KPCL is approximately Rs.13,500 cr. The purchase consideration will be funded through internal accruals and existing cash balance.The credit metrics of APSEZ consolidated are not expected to change with this transaction. The net debt to EBIDTA of consolidated APSEZ Ltd.

Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).The deal will take its domestic market share to 27% from 22% on a pan-India basis, the company said in a filing to exchanges.The port, located in the south eastern state of Andhra Pradesh, is the second-largest private sector port in India and handled 54 MMT of cargo in 2019."APSEZ will target…

Santosh Gangwar - Minister of State for Finance, GoI laid the foundation stone of a project intended to offer convenience to transporters CHAs and FFs of the country’s largest all-weather; deep water port on the east-coast of India – Krishnapatnam Port. The terminal will role play a critical establishment to aid ease of doing business, swift clearances and speedy procedure for documentation among others. The success of TTT-1 led to the launch of TTT-2 and both TTT - 1 and 2 will be centers of ‘convenience business’ and will further enhance operational efficacies at the port. The event commenced with the ‘guard of honor’ salute presented to the esteemed Chief Guest…

Krishnapatnam, the country’s largest all-weather; deep water port on the east-coast of India has marked another milestone towards operational excellence as it launched its weekly mainline service from China to Krishnapatnam Port. The service to be operated by Maersk line in partnership with Hanjin Shipping of Korea will provide the fastest and most competitive service to the exporters and importers of Andhra Pradesh, Telangana, Karnataka and Northern Tamil Nadu to the ports of China, Far East Asia and South East Asia. The current transit time for bulk cargo like furniture, office and hotel interiors which take 40-45 days to reach the consignee will be straight halved with the launch of the new service through Krishnapatnam Port Container Terminal.

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.

Krishnapatnam Port, India's largest all-weather; deep water port on the east-coast of India has inaugurated CONCOR’s - Port Side Container facility – a Government of India undertaking. This event is a significant turning point for the port, as the opening up of the Port Side Container facility will ensure the expansion and growth of the container terminal in the port. It will also help keep the quality of the cargo intact and help in safe and efficient transportation. Shri Suresh Prabhakar Prabhu the Hon’ble Minister of Railways inaugurated the CONCOR’s - Port Side Container facility…

Krishnapatnam Port inaugurated yesterday the maiden call of “M V Maersk Bentonville” as part of the direct weekly service from Krishpatnam to Salalah (Oman). The first voyage of Maersk Bentonville discharged 551 TEU’s and loaded 770 TEU’s of exports. The weekly service is expected to provide fastest and most competitive service to the exporters and importers of Andhra Pradesh, Telangana, Karnataka and Northern Tamil Nadu to the ports of US East Coast, Mediterranean, Europe and Africa. A formal inaugural ceremony was held to commemorate the maiden call in the presence of Mr. Anoop Kumar (RSM, Maersk Line), Mr. Biju Ravi (RSM, Safmarine) and Dr. Anup Dayanand Sadhu (GGM, CONCOR). Launching the service from KPCT, Mr.

Maersk Line India a unit of Danish conglomerate A P Moller Maersk Group, has launched a new service from Salalah, Oman to the Krishnapatnam Port in Andhra Pradesh. The weekly service to be started from April 17 will connect customers in the areas of AP, Northern Tamil Nadu and Eastern Karnataka directly to Oman and nearby region. Krishnapatnam Port is a privately built and owned all weather, deep water port on the east coast of India, located in the Nellore District of Andhra Pradesh. Chinta Sasidhar, Managing Director, Krishnapatnam Port Company Ltd (KPCL) said “ The new service will substantially reduce transit time in these areas and will also minimise the cost, which will be of a huge benefit to our customers.

Maersk starts its Krishnapatnam Service from April 17th and Kattupalli on April 19th, 2016. Both these calls are strategic and are aimed at supporting the growth of local businesses in the hinterland covering Andhra Pradesh, Northern Tamil Nadu and Eastern Karnataka. Commenting on this announcement, Mr. Franck Dedenis, Managing Director, Maersk Line (India and Bangladesh Cluster) said, “Our decision to call on these ports reiterates Maersk Line’s commitment in bringing value to our customers. Both these calls will enable us to be closer to our customers. We are here for the long haul and want to grow profitably with the market. These calls to Krishnapatnam and Kattupalli will help Maersk Line leverage port efficiencies and reduced transportation time.

Krishnapatnam Port, an all-weather; deepwater port on India’s east-coast, earmarked a historic moment for India’s bilateral trade and commerce as the first direct container vessel, part of coastal shipping agreement to facilitate trade between India and Bangladesh, set sail from the port on March 28, 2016. The trade agreements which were signed during the reign of the then Indian Prime Minister Indira Gandhi in 1974 were revived back after a period of four decades during Prime Minister Narendra Modi’s visit to Dhaka last year.

Hanjin Shipping India Pvt Ltd, the South Korean shipping conglomerate, made its maiden call at KPCT on 1st February, 2016. Vessel MV Hanjin Florida had exchanged 553 TEU out of which 109 TEU are imports and 444 TEU are exports. Krishnapatnam Port Container Terminal, whose volume during Apr’15 - Jan’16 has already surpassed FY 2014-15 container volume, offers immense opportunities for new service calls to tap its huge hinterland. The Port Rotation for this service is: KRISHNAPATNAM – TANJUNG PELEPAS - SINGAPORE – QINGDAO – XINGANG – BUSAN – SHANGHAI – NANSHA. This service will cater to all import/export businesses ex INKRI (Port Code of Krishnapatnam Port) to Far East, USEC, USWC, Latin America, Europe and Inter Asia.

The Hyderabad-based CVR group led Krishnapatnam Port Company addressed as the ‘cape hub’ of India becomes home for Capes once again as it resumes normal operations on 20th January 2016 within a record span of 50 days after its operations were adversely affected due to siltation. The port suffered severe rainfall and floods, during November ‘2015 which caused siltation and adversely affected the operations. However, the port which is equipped with its in-house dredgers with the help of its trained and dedicated staff, achieved the draft of 18 meters in a record span of 50 days which demonstrates its infrastructural prowess and commitment to work in the best interest of its customers thereby assuring a continued and seamless business experience.

Petrogas Private Limited, a joint venture company between Isomeric Holdings Bhd from Malaysia and LEPL Ventures Pvt Ltd (LEPL) from Vijayawada, has signed a facilitation MoU with Krishnapatnam Port Company Ltd (KPCL) and Andhra Pradesh government for setting up a regasification and floating storage Terminal at Krishnapatnam Port. Petrogas will commit a direct funding of over $500 million at Krishnapatnam, SPS Nellore District, Andhra Pradesh within the fields of LNG Regassification Terminal and allied industries. “Petrogas will construct a 5 million tonnes per annum (MTPA) capacity regasification and storage plant and related ancillary facilities such as floating LNG storage tanks…

Krishnapatnam Port Company inks agreement with Government of Andhra Pradesh and Petrogas Pvt. Ltd. Krishnapatnam, India’s largest; all weather, deep water port on the east coast of the country in the Nellore district of Andhra Pradesh on Monday said that it has signed a memorandum of understanding (MoU) with Petrogas Pvt. Ltd. and the Government of Andhra Pradesh for setting up a LNG Regassification Terminal. Petrogas will commit a direct investment of Rs. 3,000 crore at Krishnapatnam, SPS Nellore District, Andhra Pradesh in the fields of LNG Regassification Terminal and allied industries. The MoU which is between Krishnapatnam Port (represented by C.

LNG Bharat Private Ltd is setting up a floating LNG Floating Storage Unit (FSU) with a capacity of 5 million tonnes per annum at Krishnapatnam port in Nellore district the Hindu Businessline reports quoting J. Murthy, the Managing Director. The company had taken 120 acres of land from the port and leased a berth for setting up the terminal and a pipeline would also be laid from Krishnapatnam to Ennore in Tamil Nadu, via Sullurupeta and Sri City. The total project cost, including the terminal and the pipeline, would be Rs. 1400 crores, he said. If the construction commences in May 2016 (as planned), the terminal is expected to be commissioned by December 2017.

HYUNDAI MERCHANT MARINE (HMM), the Korean conglomerate operating its ASIA CHENNAI SERVICE (ACS) made an ad hoc call at Krishnapatnam Port on November 26, 2015. ACS service which was launched in 2007 is a direct service ex Chennai to Port Kelang, Singapore, Shanghai, Busan, Ulsan, Hong Kong and Yantian. MV Hyundai Vladivostok Voyage 602E after sailing from Chennai on its east bound route called Krishnapatnam Port Container Terminal (KPCT) on the 26th and sailed the same day carrying 498 export laden containers. This direct service to South East Asia and China will open up more destinations on East Bound Traffic for EXIM players in Andhra Pradesh & Telangana hinterland apart from Karnataka Western Region.

A new efficient train service commenced its first journey from Krishnapatnam Port to ICD WFD on 19th June 2015, thereby marking a new milestone on the service offerings by the port. The first rake was a full load of import laden containers belonging to the business houses in and around Bengaluru city. This weekly rail service in association with CONCOR provides the fastest transit from ICD WFD to the closest gateway port and given an impetus to the importers & exporters around Bengaluru, Hosur, Chittoor, etc. The train service has a maximum carrying capacity of 90 TEUeach way and reduces the transportation time from 24-36 hours taken by road to just 18 hours. In addition, it also helps customers to save between US$100 – US$150 on each container.

Containerized volumes are steadily increasing on the East Coast of India. Keeping pace with the growth, Krishnapatnam Port Co. Ltd. (KPCT) now offers a new service to the Gulf sector. Simatechin association with Evergreen Line recently launched a joint CCG Service.The first sailing of this weekly service commenced at KPCT by the maiden call of M.V. Taroko on May 21, 2015. This 28 day service will utilize four container ships of around 2,000 TEU each; three operated by Simatech and one by Evergreen Line.The service provides direct connectivity from Krishnapatnam Port (India) to Colombo (Sri Lanka), Cochin (India), Jebel Ali (UAE) andSohar (Oman) ports.

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.

Krishnapatanam Port was declared winner of the CII Southern Region’s EHS Excellence Award for 2014. The 8th EHS Award organized by the Confederation of Indian Industry (CII)-Southern Region was held on 14th March 2015 at ITC Park Sheraton, Chennai. The award applauds Krishnapatnam’s aspirations to empower and enable safe work environment for employees and society as a whole. Krishnapatnam Port takes pride in achieving this award for its path-breaking practices rather than benchmarking practices which motivates and facilitatesother organizations to adopt such innovative measures under their EHS programs. This award saw a participation of more than 130 corporate organizationsacross thesouthern region of CII.

Widely recognized for excellence in Corporate Social Responsibility, Krishnapatnam Port Company Limited was declared winner of 2014 Seatrade Maritime Awards in the category Corporate Social Responsibility. The award presentation took place during the  Dubai Maritime Week wherein the annual Seatrade Maritime Awards was hosted on Monday 27 October 2014. In all 14 entrants vied for this prestigious award. Krishnapatnam Port which is just in its seventh year of operations has created a socio-economic atmosphere that has immensely benefitted the surrounding inhabitants. The Krishnapatnam Port's Leadership Team, based on an unequivocal commitment to human values, believes in sustainable development and maintaining harmony with the communities living around the Port.

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.