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Essar Ports Limited (EPL), one of the leading private port terminal operators in India, has a reported an 11% increase in cargo throughput at its Hazira, Vishakapatnam, Salaya and Paradip terminals for the quarter ended December 31st, 2017. The 9.16 million tonnes handled compared with 8.26 million tonnes in the equivalent months of 2016, and was achieved largely through big increases in iron ore, coal, limestone and finished steel goods. While Essar group companies make up the majority of traffic flows, third party business is also growing and accounted for 16% of the total.
For the first 9 months of the 2017-18 financial year ending December 31st, the company registered a 16% growth rate, with third party cargo handling rising by an impressive 36% compared with the previous year.
Essar has recently commissioned a new bulk terminal in Salaya, Gujarat, and will soon complete expansion of Vizag Terminal. The Salaya terminal has been designed to berth Capesize vessels with a vessel turnaround time of less than two days, thereby offering a competitive advantage to local industry. The Essar Vizag Terminal Limited (EVTL) recently commissioned an 8,000 tonnes per hour ship loader which is also expected to lead to shorter turnaround times and more competitive freight costs for exporters on the east coast. Following the commissioning of the expansion project, the facility will also be able to berth vessels up to 200,000 dwt, with a depth of 18 m, in the outer harbour of Vizag port.
