• 2020 February 1 12:42

    Essar Ports grows cargo handling by over 20 percent in Q3 FY2019-20

    Essar’s ports business, which operates four terminals on the east and west coasts of India, has registered a 20.09% growth in cargo volumes in the third quarter of the current financial year with a throughput of 14.02 million tonnes, the port said in a press release.

    Speaking on the performance, Mr Rajiv Agarwal, MD & CEO, Essar Ports Ltd, said: “Significant boost in hinterland industry consumption has been the key growth driver. Largely the growth has been on account of our terminals in Salaya (west coast) and Vizag Port (east coast). Our continuous focus on increasing the capacity of handling through upgradation and mechanisation, and driving operational efficiencies, has helped in recording strong growth. We are committed to delivering world-class services and our focus is to ensure seamless continuity in services on a sustainable basis.”

    In December 2019, the Hazira terminal handled one of the highest levels of cargo (more than 2 million tonnes) for AM/NS India, erstwhile Essar Steel.  With modular expansions undertaken at Hazira terminal, it is equipped to handle increased volumes for its existing customers.

    Key growth factors

    • Capacity expansion at our terminals and enhanced capacity utilisation by existing customers
    • Ensuring operational efficiency and high service levels on a sustainable basis to customers
    • A balanced cargo mix
    • Terminals with long-term concessions or license agreements with port authorities
    • Long-term cargo handling agreements with existing customers, ensuring sustainability
    • New customer additions in Salaya, Vizag & Hazira

    Essar Ports is one of India’s largest private sector port and terminal developers and operators. It has invested INR 11,000 crore in developing world-class terminals in three Indian states. Its current operations span four terminals with a combined capacity of 110 MTPA, which is roughly 5 percent of India’s port capacity. The Company is a leader in the non-containerised bulk cargo space. Having clocked a throughput of 40 MT in FY19, Essar Ports is expecting to handle over 60 MT in the current financial year.

    All Essar Ports terminals are equipped with advanced cargo handling infrastructure and are well poised to double capacity in the near to medium term. The Company is working in tandem with the Government of India to meet its ambitious target of developing 3,130 MT of port capacity in the country by 2020.

    Outside India, Essar’s port assets include a liquid terminal in the UK and a coal berth that is in the development stage at Mozambique’s Beira port.




2021 February 25

20:19 Bunker Weekly Outlook, Week 08, 2021
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18:07 Port of Los Angeles announces launch of new ‘Control Tower’ data tool for tracking cargo
17:53 Admiral Nevelskoy ferry leaves Saint-Petersburg for Sakhalin
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17:42 Finnlines Plc issues its Financial Statements 2020 and Financial Review for 2020
17:34 Cutting restrictive trade policies could boost global economic recovery from COVID-19 by 3.4%
17:31 ECSA: European shipping is central to the success of EU's new trade strategy
17:20 APM Terminals Algeciras reaches all employees with a safety campaign
16:58 Tallink Grupp reports net loss of EUR 108.3 million for pandemic year 2020
16:41 Terms of references for Klaipeda Seaport's Southern part development to be prepared by American specialists
16:19 BPO’s comprehensive ports report published today
16:15 Hiab to supply MV Commercial with 100 HIAB loader cranes
15:45 Rolls-Royce secures UK MOD funding for innovative technology to support naval autonomy
14:50 Consequences of COVID pandemic affect the Port of Hamburg’s 2020 throughput
14:25 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:13 Nevsky Shipyard delivers Pola Gali, yet another ship of Project RSD59
13:07 DNV GL joins smart maritime network to enhance industry cooperation on digitalization
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11:32 NOVATEK and Shenergy Group sign SPA for LNG from Arctic LNG 2
11:04 “K”Line commences technical management of Singapore’s first LNG bunkering vessel “FUELNG BELLINA”
10:33 Telemar wins 50-vessel service and maintenance contract with Fairplay Towage group
10:21 MABUX: Bunker market this morning, Feb 25, 2021
10:13 BC Ferries releases its third quarter results
09:59 CMA CGM implements FAK rates from the Mediterranean, Adriatic, North Africa & Black Sea to the Indian Subcontinent
09:50 BC Ferries' fifth battery hybrid-electric vessel launched
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09:12 Baltic Dry Index as of February 24

2021 February 24

18:06 Parkwind selects DEME Offshore for foundation EPCI contract at Arcadis Ost I
17:47 Ministry of Transport of Dagestan looks into organizing sea cruise tourism in Caspian Sea
17:26 ABS to class first ever Jones Act wind turbine installation vessel
17:16 Yangtze River Protection Law will come into force on 1st March, 2021
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16:28 Port of Antwerp deploys autonomous drones for safety enforcement
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15:51 Mordraga supports 4th International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
15:29 Maersk backs plan to build Europe’s largest green ammonia facility
14:25 Vostochnaya Veft shipyard starts building yet another floating berth for RF Navy’s Pacific Fleet
14:03 Cargill and Maersk Tankers combine volumes and market expertise to launch new bunker procurement service
13:44 Chuvash Republic to be provided with RUB 330 million for purchase of river transport
13:12 Contractors selected to construct the quays in the Amalia Harbour
12:31 Port of Oakland cargo volume off due to crowded ports
12:27 Corvette Stoyky of RF Navy’s Baltic Fleet entered Oman on business call
11:57 Bureau Veritas joins the coalition for the energy of the future
11:23 MPA joins industry in ammonia fuelled tanker JDP
10:31 MABUX: Bunker market this morning, Feb 24, 2021
10:28 ASPO tests main propulsion plant of chemical tanker PortNews
10:09 The Grimaldi Group orders six ro/ro multipurpose vessels
09:27 Crude oil futures go down in response to growth of US resources
09:20 MPA and Yara join to Ammonia-fuelled tanker Joint Development Project
09:11 Baltic Dry Index as of February 23

2021 February 23

19:35 Braemar to repeat record-breaking voyage of Corinth Canal in 2022 with new cruise unveiled by Fred. Olsen Cruise Lines
16:19 Cutter Thetis returns from a 43-day Caribbean Sea patrol
15:11 Meyer Werft starts construction on Arvia for P&O Cruises
14:18 The Coalition for the Energy of the Future unveils its first seven concrete actions and welcomes three new members
13:35 New JOSCAR accreditation: UK office approved for UK defence projects
12:08 MABUX: Bunker market this morning, Feb 23, 2021
11:21 Port of Gdansk lands first delivery of post Brexit fish

2021 February 22

15:12 Hamworthy Pumps wins pump contract for new Royal Navy frigates
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