KRISHNAPATNAM Port Company Limited (KPCL), India's largest deepwater transshipment port on the east coast, saw transshipment volumes rise seven per cent year on year in November to 20,600 TEU, following completion of the latest expansion of the Navayuga Container Terminal (NCT).
The expansion added 250 metres of berth to the existing 650 metres and three more quay cranes. The port plans to extend the quay length to 900 metres and equip it with three more quay cranes, bringing the total number of cranes to eight by the fourth quarter of fiscal year 2018-19 when capacity will rise from 1.2 million TEU to two million TEU.
India has been spending billions of dollars to build transshipment ports to cut its dependency on neighbouring hubs. Currently, 2.8 million TEU, or one-quarter of India's container trade, are transshipped via Colombo, Singapore, Port Klang, Salalah and Jebel Ali, reported Mumbai's Daily Shipping Times.
"We are confident that our transshipment offerings will enable us to build and sustain long-term contracts with multiple shipping lines and will go a long way as an efficient revenue model for Krishnapatnam port," said NCT director Vinita Venkatesh.
Shreyas Shipping runs three feeder loops from NCT to Kolkata, Haldia, Vizag, Paradeep, Kakinada and Tuticorin on the east coast, as well as Cochin, Mangalore, Mundra, Kandla, Hazira and Nhava Sheva on the west coast. With this network, Shreyas Shipping and NCT provide transshipment services to mainline vessels calling at Krishnapatnam to all container ports on the Indian coastline.
As a result, Maersk Line has already begun transshipment operations of its containers from China, Korea, Far East at Krishnapatnam to the final destinations of Kolkata and Haldia.
Other shipping lines are following their lead and soon Hyundai Merchant Marine, Zim, GoldStar, SCI and "many" non-vessel operating common carriers (NVOCCs) will begin transhipment services from the port.
The company posted a record 88 per cent increase in the number of containers it handled at 4,81,408 TEU in FY 2017-18; and has so far in FY2018-19 handled 3,11,819 TEU through November.
Source: SchednetPrevious Next
Huge Opportunities For Investment in Maritime Sector: Nitin Gadkari
India Tanker Shipping & Trade Summit 2019