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VPT registers 15% growth in cargo handling during April-May

Visakhapatnam: The Visakhapatnam Port Trust (VPT) registered a growth of 15.57% during April-May 2016 as compared to the corresponding period in 2015. The VPT handled 10.3 million tonnes of cargo in April-May 2016 as against 8.9 million tonnes during April-May 2015.

Incidentally, VPT has the third highest growth during the current fiscal among the 12 major ports in the country after Mormugao Port (125.86% growth) and Paradip Port (17.19%).

However, VPT stands fifth among the 12 major ports in terms of cargo handled during the last two months. Kandla Port leads by handling 17.4 million tonnes followed by Paradip (14.02 million tonnes), JNPT (11.18 million tonnes) and Mumbai (10.56 million tonnes).

 According to statistics released by the Indian Ports’ Association, while POL (petroleum, oil and lubricants), other liquids, iron ore, raw fertiliser, container cargo and other cargo witnessed a surge during April and May, thermal and coking coal, and finished fertiliser cargo handling dropped at VPT.

POL cargo increased from 2.9 million tonnes to 3.09 million tonnes in the current fiscal, whereas the other major surge was that of iron ore which increased from 0.6 million tonnes to 1.8 million tonnes. Other cargo increased from 1.03 million tonnes to 1.4 million tonnes during April-May 2016 as compared to the corresponding period in 2015.

Coking coal demand dropped drastically from 1.03 million tonnes in April-May 2015 to 0.6 million tonnes in the current fiscal and thermal coal cargo dropped from 1.9 million tonnes to 1.8 million tonnes in April-May 2016.