Krishnapatnam Port Company News

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.

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.

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.

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.

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.

Krishnapatnam Port Company Limited (KPCL)celebrates its first anniversary on July 17, 2009. Post the completion of first phase, in a record time of 18 months, it was inaugurated and dedicated to the nation a year ago by Smt. Sonia Gandhi, Hon’ble Chairperson UPA. Though port is in its maiden year, it is handling a wide range of cargo mix varying from iron ore, coal, coke, fertilizers, project cargo, raw sugar, granite, quartz, rock phosphate & gypsum and has brought in 8.4 Million MT of cargo in FY 2008-09. The port is being built in three phases and it has recently achieved Rs. 4,000/- crore financial closure for the 2nd phase of development especially at a time when the world economic conditions are apprehensive on new investment strategies.