Krishnapatnam Port Company Ltd (KPCL), promoted by the CVR group, has registered a 7 per cent growth in transshipment volume in November.
The deepwater port registered 20,600 TEUs for November 2018-19 against 19,316 TEUs in the same month last year, making it the largest transshipment port on the east coast.
The port is expanding its container terminal, NCT (Navayuga Container Terminal, earlier known as Krishnapatnam Port Container Terminal).
“We are going to add 250 metres of berth-length to the existing 650 metres and erect three more quay cranes (QCs),” Vinita Venkatesh, Director, Navayuga Container Terminal, said.
Expected to be completed by the fourth quarter of 2018-19, the enhanced infrastructure will increase the terminal’s capacity from the current 1.2 million TEUs to 2 million TEUs.
“At present, about 2.8 million TEUs or about a quarter of India’s cargo containers are transshipped at ports in Colombo, Singapore, Port Klang, Salalah or Jebel Ali. Colombo alone accounts for 1.2 million TEUs,” she said.
Excessive dependence on foreign ports will build inefficiencies in logistics and also raise costs.
“The decision to invest in expansion ahead of demand will ensure sufficient quay length and handling infrastructure available for hub transshipment operations at the terminal,” she said.
The company reported an 88 per cent increase in the number of containers it handled, at 4.81 lakh TEUs in 2017-18. It handled 3.11 lakh TEUs until November this financial year.
Source: The Hindu Business Line
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