Monday, December 9, 2019

isakhapatnam Port records 10 % growth in cargo throughput in current fiscal so far

VISAKHAPATNAM: Beating the economy slowdown and adverse market conditions, the Visakhapatnam Port Trust has recorded 10% growth rate, the highest among Major Ports during the current fiscal.
The port, which was operational way back in 1933, has also overtaken the Jawaharlal Nehru Port Trust in handling cargo as per the latest figures. “We are confident of handling 70 million tonne by March 31 to improve our ranking from fourth to third among the Major Ports,”VPT Deputy Chairman P.L. Haranadh has said recently.
As on December 3, the port handled a throughput of 47.66 million tonne as against 43.14 million tonne during the corresponding period last year registering an incremental volume of 4.52 million tonne.
Incidentally, all the ports put together have achieved a marginal growth rate. If the trend continues, the VPT will occupy the third slot after Kandla and Paradip. During the last fiscal, the VPT handled 65.30 million tonne. The previous best cargo handled by the port was 68.04 million tonnes in 2010-11.

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