Krishanpatnam Port making rapid strides

HYDERABAD : The seven year old Krishnapatnam is on its way to catch up with well established Ports in the coast by handling 41 million tonnes of cargo which was the highest and fastest growth recorded by any Port in India, Mr Anil Yendluri Director and CEO of the Port said. He said in a short span the Port has been seeing double digit progress on year on year.

At a time when new entrants are struggling to sustain in the highly competitive Indian maritime sector, especially in the East coast, the Krishnapatnam Port, despite being in nascent phase is making rapid strides.

The Port’s enormous activities translate into huge revenues to the Government. The Port’s contribution towards Custom revenue has doubled this year. The contribution has been Rs. 1942 crores during 2014-15 as against Rs. 970 crores during the previous year. This is a huge leap since the time the port started off in 2008 when the Customs contribution was Rs 230 crores.

At present 835 acres inside the port including berths or jetty areas for cargo loading, unloading, transshipment and storage are notified by Customs. A 24 X 7 Customs facility has been extended to the Port seeing the remarkable feat of the Port.

The Port contributed a sum of Rs 2058 crores to the Southern Railway and Rs. 45.75 crore as its share to Andhra Pradesh Government and Rs. 257 crores to service tax.

The year 2014-15 has been successful for the Krishnapatnam Port Container Terminal as well.

It not only registered highest parcel size in single vessel when Tiger handled 1620 TEUS of cargo.

Its reefer cargo exports reached an all time high to 485 TEUs in July 2014. The port is ready to walk an extra mile to make the terminal into a hub reefer exports in near future.

Source : dailyshippingtimes.com