www.portwings.in
Lily line
Apr. 1st - 7th Issue
Offers
LCL & FCL Services Ex.Tuticorin, Cochin, Krishnapatnam, chennai to
SANCO TRANS LTD
MALDIVES For Bookings: Raja Agencies
Mobile: 96009 40230, 96009 40240 Phone: +91-461-4200001, 2352275 Fax: +91-461-2353100 E-mai: liner@rajaagencies.in
Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741
Wednesday, April 1, 2020
8 Pages
`12
Wing 6 Feather 33
Authorized Economic Operator
Mob : 9884085285
Chennai Port Buys 100% Stake in Kamarajar Port Makes wholly owned subsidiary
Chennai
C
Port Wings News Network hennai Port Trust (ChPT) on 27 March 2020 acquired 67% stake of its subsidiary Kamarajar Port Ltd. (KPL) for ₹2,383 crore, according to The Hindu report. “This agreement comes into force with immediate effect,” said P. Raveendran, chairman, ChPT. “Our immediate focus is to utilise the existing capacity in ChPT to the maximum and carry out expansion in KPL. Our next target is to achieve cargo handling of 100 million tonnes in the coming years.” Soon after remitting the amount, he said that both the ports would operate as different entities for the betterment of exim trade. KPL as corporate firm and ChPT as trust. Both the ports would be in a better position to tackle competition from private players such as Adani’s Kattupalli Port and Krishnapatnam Port. “Our combined effort will be to
maximise cargo throughput. For the past few years, ChPT has been handling over 50 million tonnes of cargo, while KPL about 35 million. It will take at least two to three years
said that KPL would continue to function as a corporate firm and ChPT as Trust. There would not be any changing in quick decisionmaking pattern of KPL or in fixing tariffs. "Kamarajar Port employs about 100 people and ChPT about 3,900. The utmost aim of the P.Raveendran, IRTS, SunilPaliwal port is to safeguard CHPT Chairman KPL-CMD employees interest. to reach 100 million tonnes of cargo, We will not transfer people from one due to COVID-19,” he said. port to another. KPL has outsourced "In ChPT, we can't go in for some of its services. We will utilise expansion due to thick population, them to tackle competition from traffic bottleneck and Madras High private players," he said. Court ban on handling dusty cargoes ChPT has capacity to handle 100 such as coal and iron ore. KPL is million tonnes of cargo, while KPL already handling coal. Efforts would about 67 million tonnes. The latter be made to speed up Chennai Porthas eight operational berths and a Maduravoyal elevated corridor few are getting ready. Both the ports project. Rail connectivity is there for
both the ports. Rail lines are being doubled at KPL," he said. Asserting that both the ports were owned by Central government, he
have deep draft of 18 metres. Asked about the car exports, he said that they were the only ports to handle car exports from South.
During 2019, KPL and ChPT handled over 3.50 lakh units and this was bound to increase with the commencement of exports by Kia Motors. The Story Behind Kamarajar Port: Kamarajar Port was developed from a green field situation in the East Coast of India at about 20 km to the north of Chennai Port. The port was declared as a Major Port in March 1999 and incorporated as a company (Ennore Port Limited) in October 1999. The Port was commissioned in June 2001 with two dedicated coal berths with 15m alongside draft and since then handles thermal coal for the power stations of TANGEDCO (formerly TNEB). The Port has since then developed terminals through private sector participation to handle liquids, coal, iron ore and cars. In February 2014, the port was renamed as Kamarajar Port Limited.
With the presence of 11 major ports across the country, Kolkata, Paradip, Visakhapatnam, Chennai, Tuticorin, Kochi, Mangalore, Mormugao, Mumbai, Navi Mumbai
FUMIGATION SERVICES PVT LTD.,
36
(Jawaharlal Nehru) and Kandla (Deendayal), the port at Ennore started functioning. While all existing ports are operating in accordance with the Trusts Act, only the Kamarajar Port is based on Companies Act and act as corporate. The Union Government owns 67 per cent of the port and the Chennai Port holds the remaining 33 per cent. About 1,300 acres of land has been provided by the Government of Tamil Nadu for the establishment of the port. About 800 acres of land belonging to the Salt Board of the Government of India has been provided to the port at a lower price for construction facilities outside the port. The current total land area of the port is about 2,700 acres. Established to handle around 30 million cargo annually, the port has now grown to handle 90 million tonnes of cargo. Over the next five years, construction projects are underway to handle approximately 145 million tonnes of cargo. When GK Vasan was the Union Minister for Shipping in 2014, the name of the port was changed to Kamarajar Port Limited. Regarded as Model Port Under Union Government Control: The port currently has 11 yards/ terminals for handling coal, iron ore, natural gas, offshore liquid, cars and containers. The current market value of the port, which started with a direct investment of about Rs 300 crore, is said to be approximately Rs 30, 000 crore (including land, investment and capacity value). Over the past six years, the port management has paid about Rs 400 crore to Union Government as dividend amount. In addition, the port has paid about Rs 800 crore as taxes and other fees to the government. Kamarajar Port, which handled 34 MT cargo in 2018-19 period and earned Rs 710 crores as revenue, Contd. on page -2
Follow us in twitter @portwingsnews Visit
www.portwings.in • India’s 1st fumigation company to be accredited with NSPM 12 Standards • Fumigation of wooden packing material as per ISPM 15 standards
Experts in wooden pallet fumigation and Heat Treatment
• Disinfestation of Vessels
Please Contact for your requirements: FUMIGATION SERVICES No.1, Buddu Street, 3rd Floor, Chennai - 600 001 For Booking : 4242 7777, 2521 3409, 2522 1241 booking@fumi.in For PQ Arrangements : 2521 7488, 2224 2175 pqfumigation@fumi.in For New Enquires : 2522 0626, 2522 5061, 2524 0672 fumi@fumi.in Branches: Bangalore, Cochin, Coimbatore, Delhi, Guntur, Hosur, Hyderabad, Kakinada, Krishnapatnam, Mangalore, Mumbai, Mundra/Gandhidham, Tuticorin, Vizag
• All Type of Residential & Commercial Pest Control Services
www.fumigationservice.com
• Heat treatment for wooden packing material • AFAS accredited fumigation agency (Australian Quarantine) • Phyto Sanitary Certificate Arrangements • Container Fumigation • Ship holds Fumigation • Ware House Fumigation
for Latest News
Inside Cruise Ships Adrift at Sea as... Pg-2 Adani Ports Declares Force... Pg-3 V.O. Chidambaranar Port Adheres... Pg-4 Recorded Cargo Crimes in... Pg-5 Vessel Position at Terminals and Ports... Pg-6 Latest Customs Exchange Rates... Pg-7 New Russian Railways Service... Pg-7 Air Cargo Bottlenecks Could Put... Pg-8
RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2018-2020 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Tuesday / Wednesday