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Chennai Port primes itself to regain volume growth
TIn news: Chennai Port Trust (ChPT) has decided to provide tariff concession on container vessels for a six-month period starting January one, 2016 as part of the ‘Mission Resurge’ plan to revive its fortunes.
ChPT, which has been facing severe competition from neighbouring ports, has decided to give concession of 15 per cent on vessel-related charges for all container vessels calling at Chennai Port. This scheme will be reviewed after three months of implementation, said ChPT Traffic Manager, B. Vimal.
Cars are being exported only from two ports on the east coast with the Chennai Port being the first to start it. However, it had lost its leading position to Kamarajar Port. To regain its position and lure more car exporters, ChPT had extended free parking period covering cars, SUVs and MUVs meant for export through Roll-on Roll-off vessels from 10 to 20 days.
The ‘Mission Resurge’ plan was unveiled by the ChPT in December to revive its fortunes which had been dwindling .The Port also started to lose significant amount of volume and revenue due to a ban imposed since October 2011 by the Madras High Court on handling dust-laden cargoes such as iron ore and coal. Traffic congestion at the main gate also led to diversion of export cargo.
For the eight-month period starting from April to November 2015, ChPT handled 33.84 million tonnes of cargo against 35.46 million tonnes handled during the corresponding period last year. The fall in volume was due to lower quantities of petroleum, oil and lubricants, iron ore, fertilizers and other cargoes being shipped.
ChPT, which has been facing severe competition from neighbouring ports, has decided to give concession of 15 per cent on vessel-related charges for all container vessels calling at Chennai Port. This scheme will be reviewed after three months of implementation, said ChPT Traffic Manager, B. Vimal.
Cars are being exported only from two ports on the east coast with the Chennai Port being the first to start it. However, it had lost its leading position to Kamarajar Port. To regain its position and lure more car exporters, ChPT had extended free parking period covering cars, SUVs and MUVs meant for export through Roll-on Roll-off vessels from 10 to 20 days.
The ‘Mission Resurge’ plan was unveiled by the ChPT in December to revive its fortunes which had been dwindling .The Port also started to lose significant amount of volume and revenue due to a ban imposed since October 2011 by the Madras High Court on handling dust-laden cargoes such as iron ore and coal. Traffic congestion at the main gate also led to diversion of export cargo.
For the eight-month period starting from April to November 2015, ChPT handled 33.84 million tonnes of cargo against 35.46 million tonnes handled during the corresponding period last year. The fall in volume was due to lower quantities of petroleum, oil and lubricants, iron ore, fertilizers and other cargoes being shipped.