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Chennai Port handles 50.06 MT cargo during FY 2015-16

Date 06-Apr-2016
Subject Chennai Port handles 50.06 MT cargo during FY 2015-16


CHENNAI : Notwithstanding the severe competition from nearby Ennore, Kattupalli and Krishnapatnam Ports all in a radius of one hundred kilometers and connectivity problems Chennai Port has handled a little over fifty million tons during the last financial year (2015-16) nearly two million tons less than the previous year's tally.

The port has handled 50.06 million tons during the last financial year compared to 52.54 million tons in the previous year according to figures available with the trade. There was a sigh of relief in the trade that the port was able to weather the storm.

The Chennai Port has also handled more containers during the just concluded financial year as against the previous year.  Both the container terminals put together have handled one million, five lakh, sixty five thousand one hundred and thirty TEUs about 14,000 TEUS more than the previous year's tally.

Trade sources said Container movement was the worst victim of the inordinate delay in completion of Ennore Port connectivity road (EMRIP) and the abandoning of Port Maduravoyal elevated corridor due to the opposition from the State Government.

The two million ton shortfall in traffic handled by the port is attributed to drop in one million ton of crude imports for the Chennai petroleum refinery due to month long maintenance shut down. There was also a drop in slag exports from the Port to Bangladesh to the tune of 0.8 million tons due to increase in railway freight. Export of iron ore pellets from the port had come to a grinding halt last year. Lime stone imports to cement factories in the State have also dropped by one million tons.

Edible oil import from Malaysia and Indonesia has increased by seventeen per cent over the previous year. The other imports which have gone up include petroleum products by 11 per cent and chemicals by four per cent. Barytes exports have gone up by 65 per cent. The trade sources said the automobile imports have come down by seven per cent due to intense competition from nearby Ennore Port. Ford has shifted to Ennore due to lack of adequate stacking facilities in Chennai Port. Hyundai, Daimler and Ashok Leyland continue to export their automobiles through Chennai Port. Ennore being a new port has a stacking capacity of fifty thousand square meters for automobiles.

Source: Dailyshippingtimes.com

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