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HomePosts Tagged "Paradip Port"
AgroPolicy, India, Supply Chain, Transportation

In FY 2023-24, port has achieved highest ever coastal shipping traffic of 59.19 million metric tonnes, with a growth of 0.76 million metric tonnes i.e. 1.30 per cent over the previous year.

Paradip Port Authority (PPA’s) remarkable journey has reached new heights with the recent record-breaking achievement of clocking incredible 145.38 MMT cargo throughput in FY 2023-24 and thus-by nudged passed Deendayal Port, Kandla to emerge as the highest cargo handling major port of the country. For the first time in the 56 years history of operation, PPA has surpassed previous records, set by Deendayal Port. Paradip Port has also recorded growth of 10.02 million metric tonnes (7.4 per cent) of traffic on YoY basis.

During the financial year the Port has achieved highest ever coastal shipping traffic of 59.19 million metric tonnes, with a growth of 0.76 million metric tonnes i.e. 1.30 per cent over the previous year. The thermal coal coastal shipping has reached 43.97 million metric tonnes i.e. 4.02% per cent over the previous year cargo handling. Thus, the Paradip Port is emerging as a hub for coastal shipping in the country.

Paradip Port has been able to improve its berth productivity to 33014 MT from 31050 MT of previous financial year, thus registering 6.33 per cent growth. The berth productivity achieved by Paradip Port is the highest among all the ports of the country. During the financial year, the Port has handled 21,665 numbers of rakes, registering a growth of 7.65 per cent over the previous financial year. During the financial year, the Port has handled 2710 ships, registering an increase of 13.82% over the previous financial year.

The increased performance in cargo handling has been driven by various system improvement measures undertaken by the Port during the financial year, which are detailed as below:

1. Improved system of operation at mechanized coal hand plant to reduce idle time between rake unloading has resulted in highest handling of thermal coal at MCHP i.e. 27.12 million metric tonnes.

2. The northern dock of the port has been declared for handling 16 meters draught cape vessels.

3. Simultaneous handling of 1 Cape and 1 Panamax at coal handling berths, which was not being done during the previous year.

• Paradip Port has frozen its tariff for cargo handling at the level of 2022 for next 3 years as a part of its business development initiatives. It is to be noted that Paradip Port is the cheapest in terms of tariff among all the port of the country. In terms of provisional financial results,

1. The Operating revenue has crossed Rs.2,300 Crores against Rs.2,074 Crores in comparison to previous fiscal, resulting an increase of 14.30 per cent.

2. The operating surplus has crossed Rs.1,510 Crores against last year of Rs.1,300 Crores with a growth of 16.44 per cent.

3. The net surplus before tax has crossed Rs.1,570 Crores against last year Rs.1,296 Crores exhibiting growth of 21.26 per cent.

4. Net surplus after tax has also crossed Rs.1,020 Crores against Rs.850 Crores of last year which is 20 per cent increase.

5. The operating ratio has also improved to 36 per cent against 37 per cent last year.

Paradip Port, with 289 million metric tonnes rated capacity port as on date, is poised to cross 300 million metric tonnes capacity mark in another 3 years with the commissioning of Western Dock project. The work of Western Dock project with 25 million metric tonnes capacity is in full swing by the PPP Operator i.eM/s. J.P.P.L. The said project will also increase the draught of the port, enabling the port to handled fully laden cape vessels by 2026.

Paradip Port, which has mechanized 80 per cent of the berths as on date, plans to become 100 per cent mechanized by 2030 with the mechanization of existing 4 semi-mechanized berths. The Port has also planned to add another 4 berths for which requisite approval will be taken during the current financial year, itself.

In FY 2023-24, port has achieved highest

AgroPolicy, India, Supply Chain, Transportation

It has once again repeated the feat by crossing the 100 MMT mark, 7th year, in succession and achieved cargo throughput of 100.28 MMT on 18th December in the current fiscal.

Paradip Port achieved yet another 100 million Metric Tonnes (MMT) of cargo handling, in shortest time, in its history, showcasing the Port’s unwavering commitment to excellence and efficiency in cargo handling. It has once again repeated the feat by crossing the 100 MMT mark, 7th year, in succession and achieved cargo throughput of 100.28 MMT on 18th December in the current fiscal. Notably, in FY 2022-23 the coveted mark of 100 MMT was achieved on January 9th 2023. Thus by, the record was achieved in 22 days in advance i.e. in 262 days in current fiscal against 284 days in last financial year, by exhibiting 9.64 per cent growth in total cargo throughput. Thus, this century is the fastest by PPA, in its history.

The Port is poised to set all-time record cargo handling of more than 145 MMT in current fiscal. Various system improvement measures, introduced by the Port during this year, fuelled growth. Outbound Iron Ore and Pellet has shown remarkable 69.03 per cent growth in comparison to previous fiscal. Last fiscal, it amounted to 10.56 MMT over the same time period, whereas till 18th December, it stands at 17.85 MMT in current fiscal. Coastal Thermal Coal handling constitutes about 30.38 per cent of total cargo volume handled at the Port. The Port has also registered remarkable improvement in the Key Performance Parameters. Berth productivity stands at 32,689 MT per day per ship, which is the highest among all Major Ports of the country. The vessel turn-round-Time is recorded as 42.01 hrs. as against 47.60 hrs. during the corresponding period of previous year. Similarly, Pre-Berthing Detention is 1.18 hours as against 1.73 hours. during the corresponding period of previous year. Thus, Paradip port is emerging as a coastal shipping hub of the country and started coastal shipping of thermal coal to west coast, for the first time in history, i.e. Maharashtra based Power Plants. It further plans to expand coastal shipping of thermal coal to other regions in west coast.

The Port’s commitment to operational excellence, coupled with strategic improvements in cargo handling, has positioned it as a key player in catering to the growing needs of the industry. Marking the occasion, symbolic cake cutting was done today at Board Room by Shri P.L. Haranadh, Chairman, PPA in the presence of other HoDs and Dy. HoDs.

For the above feat, Haranadh, Chairman, PPA expressed his gratitude to Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways under whose inspiration, dynamic leadership and guidance, PPA could achieve the incredible success. He congratulated all Officers/Employees, the user industries, Stevedores, Steamer Agents, Trade Unions, PPP Operators for such amazing accomplishment in the ability of the Port to serve them. Chairman, PPA also appreciated the support of Government authorities like Ministry of Ports, Shipping & Waterways (Govt. of Odisha, Indian Railways, Customs and other departments for their continued support.

It has once again repeated the feat