The Hindu Business Line : New Mangalore Port posts 46% cargo growth in April-May

In 2 months
191 vessels called at the port (147).
82% growth in railway-bound cargo traffic.
Growth in handling iron ore pellets and iron ore fines.

Mangalore June 4 With more and more companies looking at the New Mangalore Port for bringing in coal cargo, the port has seen a growth of more than 200 per cent in handling this commodity in the first two months of the current financial year.

The port handled 3.97-lakh tonnes of coal cargo in the first two months of the current fiscal as against 1.21 lakh tonnes in the corresponding period of the previous year, recording a growth of 228.12 per cent.

The Chairman of New Mangalore Port Trust, Mr P. Tamilvanan, told Business Line that many companies have now started bringing coal through the New Mangalore Port. While the lorries bring iron ore cargo from the hinterland, they take back coal on their return journey.

46% growth

During April-May of 2007-08, the total cargo handled at the port stood at 5.97 million tonnes (4.08 million tonnes), recording a growth of 46.30 per cent.

In the iron ore segment, the port has seen 97.91 per cent growth in handling iron ore pellets and 59.41 per cent growth in handling iron ore fines.

During the first two months, the port handled 1.62 lakh tonnes (82,196 tonnes) of iron ore pellets and 11.67 lakh tonnes (7.32 lakh tonnes) of iron ore fines. The port handled 1.57 lakh tonnes (90,257 tonnes) of fertilisers, and 2.02 lakh tonnes (1.34 lakh tonnes) of LPG during the period.

The number of vessels called at the port stood at 191 (147) in the first two months.

Rail-bound traffic

The port witnessed a growth of 82 per cent in railway-bound cargo traffic during April-May of 2007-08. It handled 7.63 lakh tonnes of railway-bound traffic during the period as against 4.17 lakh tonnes in the corresponding period of the previous year.

Mr Tamilvanan said that the 134 rakes were moved on the Hassan-Mangalore railway line during the two months. Iron ore fines and fertilisers constituted a major share of railway-bound cargo, he added.

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New Mangalore Port posts 46% cargo growth in April-May