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Business EconomyPosted at: Apr 1 2024 7:57PM


Paradip Port surpasses all previous records in cargo handling in FY 2023-24

Bhubaneswar, Apr 1 (UNI) For the first time in the 56 years history of operation, Paradip Port has surpassed previous records, set by Deendayal Port with record-breaking achievement of clocking incredible 145.38 MMT cargo throughput in the fiscal 2023-24.

The port’s remarkable journey has and thus-by nudged past Deendayal Port, Kandla to emerge as the highest cargo handling major port of the country.

Paradip Port has also recorded growth of 10.02 million metric tonnes (7.4 percent) of traffic on YoY basis.

During the financial year, the Port has achieved the highest ever coastal shipping traffic of 59.19 million metric tonnes, with a growth of 0.76 million metric tonnes which is 1.30 percent over the previous year.

The thermal coal coastal shipping has reached 43.97 million metric tonnes registering 4.02 percent over the previous year cargo handling making the Paradip Port 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 percent growth.

The berth productivity achieved by Paradip Port is the highest among all the ports of the country.

During the financial year, the Port handled 21,665 numbers of rakes, registering a growth of 7.65 percent over the previous financial year.

During the fiscal, the Port handled 2710 ships, registering an increase of 13.82 percent 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.

Paradip Port sources said the 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.The northern dock of the port has been declared for handling 16 meters draught cape vessels.

The port handled 1 Cape and 1 Panamax at coal handling berths, which was not being done during the previous year.It has frozen its tariff for cargo handling at the level of 2022 for next 3 years as a part of its business development initiatives.

The Paradip Port is considered as the cheapest in terms of tariff among all the ports of the country.
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