Financial Daily from THE HINDU group of publications
Wednesday, Mar 08, 2006
Financial Daily from THE HINDU group of publications Wednesday, Mar 08, 2006 |
|
|
|
|
|
|
|
Logistics
-
Shipping Chennai port may miss cargo target Raja Simhan T.E.
Chennai , March 7 The Chennai port is likely to fall short of cargo handling target fixed by the Union Shipping Ministry for the year ending March 31. The port is likely to handle about 46 million tonnes this year as against the Ministry's target of 49 million tonnes, according to a senior port trust official. However, the port would comfortably beat last year's handling of 43.80 million tonnes, which was the highest throughput in the history of the port. As on date, the port handled 43.51 million tonnes, but was short of the Ministry's target of 45.64 million tonnes. In the same period last year, the port handled 39.94 million tonnes, the official said. The Port Trust's Chairman, Mr K. Suresh, recently told Business Line that it would be tough achieving the Ministry's target this fiscal. One of the major reasons for the shortfall was lower handling of iron ore. Till date, the port handled 8.54 million tonnes (8.9 million tonnes) while the Ministry's target was 10.07 million tonnes. The shortfall could be attributed to the slowdown in China, which is one of the biggest importers of iron ore, he said.
More Stories on : Shipping
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|