NMPT records 12.25% growth in traffic handling in FY 2017

Posted by Daily Shipping Times on 05-04-2017        Tweet

MANGALURU: New Mangalore Port Trust (NMPT) registered a growth of 12.25 per cent in traffic handling during 2016-17.

The port handled 39.94 mt of cargo during 2016-17 as against 35.58 mt in 2015-16. A press release said that the port also achieved a growth of 5.11 per cent over the target of 38 mt fixed by the Shipping Ministry.

Increase in the handling of crude oil for Mangalore Refinery and Petrochemicals Ltd (MRPL), coal for Udupi Power Corporation Ltd and iron ore for KIOCL Ltd contributed significantly to this growth, it said.

NMPT handled 16.68 mt of crude oil and 3.53 mt of coal for MRPL and Udupi Power Corporation Ltd, respectively, during 2016-17 as against 15.88 mt and 3.31 mt in the corresponding previous fiscal.

The port handled 94,928 TEUs (twenty-foot equivalent units) of containers during 2016-17 as against 75,709 TEUs in the previous fiscal, recording a growth of 25.39 per cent.