December 02, 2008

New Mangalore port posts 14% YoY growth in H1 of 2007-08

BL reported that New Mangalore port has handled 17.98 million tonnes of cargo during April to September 2007 period up by 14% YoY as against 15.77 million tonnes in the April to September 2006 period.

Mr P Tamilvanan chairman of New Mangalore Port Trust has attributed this growth to various factors, including the increased volume of traffic in iron ore, POL, LPG, crude and petroleum products, coal and container cargo. He said that first gearless vessel MV Navios Gemini S had called at the port to load 67,055 tonnes of iron ore to China.

One of the major developments in cargo handling during the period was the increase in the railway bound cargo at the port. During the April to September 2007 period,, the port handled 2.63 million tonnes of railway bound traffic up by 119% YoY as against 1.20 million tonnes.

In April to September 2007 period, the port handled 9,980 TEUs of containers up by 24.36% YoY as against 8,025 TEUs in April to September 2006 period.