VOC Port achieves increase in cargo handling in FY 2017

Posted by Daily Shipping Times on 18-04-2017        Tweet

TUTICORIN - V O Chidambaranar Port situated near the Southern tip of the Country has handled an all time record cargo traffic of 38.45 million tonnes during the last financial year ending March 31st nearly two million tonnes more than the feat achieved during the previous year.

Port Chairman Mr. S. Anantha Chandra Bose said the cargo handled during last year was 4.38 per cent more than what was handled by the port the previous year but fell short the target set by the Shipping Ministry by eleven lakh tonnes.

The port handled a record throughput of 6.42 lakh TEUs of containers in the year 2016-17 as compared to previous year's container traffic of 6.11 lakh TEUs an increase of nearly five per cent. Tuticorin is emerging as second largest container handling port after Chennai in the East Coast

Imports from the port constituted around 27 million tones and exports ten million tonnes. Exports from the port had gone up by over ten per cent over the previous year and imports by 2.30 per cent.

Thermal coal and containerised cargo constituted nearly seventy per cent of the cargo handled by the port.

The financial performance of the port Operating income Rs 611.65 crores during last year which is nearly Rs 150 crores more than what the port secured two years ago. The operating surplus was also considerably higher at Rs 352.46 crores.

The major projects which are in progress include conversion of eight berth as container terminal on BOT basis for a period of thirty years at a cost of Rs 312 crores. once commissioned the berth can handle additional six lakhs TEUs.

The development of North cargo berth four for handling containers and other clean cargo through PPP mode at a cost of Rs 515 crores. This would mean enhancement of container handling capacity by another 8.62 million tonnes.

The port's entrance channel is being deepened to 14,5 meters draft at a cost of Rsa 1153.62 crores and an exclusive coastal berth is being dredged at a cost of Rs 107.53 crores

The port at present has fourteen berths including two containers, three coal and an oil jetty. The port is strategically located near the East West trade route.