Cargo volume rises 27.7pc in Apr-May: Essar Ports

Essar Ports said Monday its cargo volume rose by 27.7 per cent to 9.2 million tonnes (MT) in April-May on the back of a considerable increase in third-party shipments. Cargo volume from captive customers increased by 9.8 per cent, the company said in a statement.

The growth has been driven by a 127.2 per cent increase in third-party cargo when compared to the same period in the previous financial year, it said. Essar Ports operates four terminals on the east and west coasts of India with a current operational capacity of 110 million tonnes per annum. It runs ports at Hazira and Salaya (both in Gujarat) on the west coast, and at Visakhapatnam and Paradip on the east coast.

In May, the four terminals cumulatively handled about 4.8 MT of cargo, which is a growth of 33.3 per cent when compared to 3.6 MT of cargo handled in May 2018, the company said.