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Chennai Port Clocks Rs 32 Crore Net Profit During Financial Year 2017-18

Chennai:

Port Wings News Network:

Chennai port has reported a net profit of Rs 32 crore during the financial year 2017-18 against Rs 13 crore in the previous fiscal. Operating surplus was Rs 225 crore against Rs 217 crore in the previous year, a 3.82 per cent increase.

Announcing the overall performance of the port during the annual press meet on 7 April 2018, Shri P Raveendran, Chairman, Chennai Port Trust, said that the better financial performance was possible due to higher cargo volume of 51.88 million tonnes (mt) handled during the financial year ended March 31, 2018, against 50.21 mt in the previous year.

It may be noted that the port had surpassed the 48.88 mt target fixed by the Shipping Ministry for 2017-18. It had handled higher cargo volume despite sluggish growth in global trade.

MATTER OF PRIDE FOR CHENNAI PORT

It is a matter of pride for Chennai Port that despite sluggish growth in global trade, the cargo volume handled at Chennai Port during the FY 2017-18 was 51.88 Million MTs (MMTs) as against 50.21 MMTs handled during the FY 2016-17.  The net surplus is expected to be about Rs.32 Crores compared to Rs.13 Crores last year.

This volume is 3 Million MTs or 6% more than the target of 48.88 Million MTs (MMTs) fixed by the Ministry.  Of this 51.88 Million MTs (MMTs), container traffic accounted for 30 Million MTs (MMTs) and petroleum products accounted for 13.5 Million MTs (MMTs).

PORT HANDLED 15,49,457 TEUS IN FY 2017-18

Chennai Port handled 15,49,457 TEUs in FY 2017-18 as against 14,94,831 TEUs handled in FY 2016-17, thus registered an increase of 3.65% YoY. Chennai Port has also registered significant records in handling of cargoes like Gypsum, Raw Sugar, POL Products, Barytes, etc during the FY 2017-18.

Efficiency performance parameters like Pre-Berthing Detention, Turn Round Time and Ship Berth-day Output have improved compared to FY 2016-17.

The Operating surplus for the FY 2017-18 is Rs.225.49 crores  (provisional)  as against Rs.217.20 crores during FY 2016-17 registering an increase of 3.82%, which was achieved by exercising tight control on operational expenditure.

 

TWO MODERN GODOWNS

After Capital dredging at Dr. Ambedkar Dock & Jawahar Dock Basins, the alongside depth at the CTB 4 (Dr.Ambedkar Dock) is now -15 M, the port is geared up to handle 8000 TEUs capacity vessels at both terminals in Chennai Port. Chennai Port has made operational a New multi-lane Gate Complex at Gate No.1 facilitating faster entry and exit of container and other cargo trucks. Two modern Godowns with a total area of 9000 sq.m have been constructed for catering to the requirements of the EXIM Trade for clean cargoes.

 

COASTAL BERTH AT THE NORTHERN SHELTERING ARM

Construction of the Coastal berth at the Northern Sheltering Arm will be completed by June 2018 and will add cargo volumes with benefits to the Users as part of the New Coastal Shipping Policy of the Government. The JD strengthening works are also in progress and along with the construction of high quality concrete pavement yards at ONB and JD (E) areas.

In order to tap the potential for Bunker fuels along the East Coast, it is proposed to construct a 181 M long Bunker Berth at BD at an estimate cost of Rs.44 Crores and the LOA for the project has been issued already.

UPGRADATION OF CRUISE TERMINAL

The existing Cruise terminal has been updgraded and modernized to International Standards through a grant from the Ministry of Tourism as part of the Cruise Shipping Policy and is ready to receive the Cruise Vessels with all facilities required for cruise passengers.  The first Cruise vessel in this terminal ‘Viking Sun’ with 845 tourists was handled on 01.04.2018 en route to Cochin.

Tamil Nadu Tourism under Tourism Department, Government of Tamil Nadu, began to award the best of bests in the field of tourism since 2015.  This year Chennai Port was awarded the  “BEST TOURIST FRIENDLY HARBOUR’ during Tamil Nadu Tourism Award Ceremony conducted on 14th March 2018 at Kalaivanar Arangam, Chennai, based  on the State of Art cruise facilities available in Chennai Port and in recognition of the efforts taken by the Port to encourage tourism through cruise vessels.

 

IMPROVEMENT OF ROAD NETWORK INSIDE THE PORT

The Road Network inside the Port is being augmented through widening of existing roads to ease congestion and provide smooth flow of traffic inside the Port area.  Further, with focus on evacuation of containers, a dedicated corridor is proposed inside the Port under the Sagarmala Programme.

The work on development of a common railway yard has been completed and can receive full length rakes.  In addition, in order to avoid overloading of rakes and punitive charges, Chennai Port has installed an In-motion Rail Weigh Bridge to facilitate weighing of wagons by the Users handling Bulk Cargo through Rail and the same was commissioned on 18.08.2017. This facility will also improve Port Railway Systems and add to efficient evacuation of rail bound cargo, thus enhancing cargo volumes and revenue to the Port. Further, Chennai  Port and CONCOR has started a new initiative of transporting DPD/DPE Containers from Concor Annexe at Tondiarpet from  23.03.2018.

Chennai Port is also poised to provide Multi Modal Logistics Park (MMLP) at Jolarpet.  In this regard, a consultant for preparation of DPR has been appointed for the Jolarpet MMLP by the Ministry. The Mappedu land is being considered for serving as a Maritime cluster near Chennai as it has potential for steel, petrochemicals, electronics and ship building industry. This facility is expected to attract business for the maritime industry by improving the economics for the cluster participants and also generate employment.

SWACHH BHARATH ABHIYAN

Under Swachh Bharath Abhiyan, activities taken up include cleaning the Wharf, Cleaning and Repairing of Sheds & Port roads, Beautification & Cleaning of Parks. Chennai Port has also provided paint marked road sign, zebra crossing, pavement edges, etc., augmented all toilet complexes in operational area etc. The MoS sanctioned a grant of Rs. 329 lakhs in 2016-17 and Rs. 200 lakhs in 2017-18 towards these initiatives.

As part of Green Port initiatives, Chennai Port has acquired equipments/gadgets for continuous monitoring of environmental parameters, dust suppression system and taken up plantation initiatives to provide green cover.  Port is also in the process of Truck mounted Sweeping Machine. These works are being implemented through a grant of Rs.6 crores for 2017-18. Further, Port has also commissioned 500 KW Roof Top Solar PV System in the Port Buildings to generate clean Power for captive use.

The Trial service of the coastal movement of containers between Chennai and Puducherry Ports was commenced on 23.02.2018 by the vessel m.v.Chowgule-8.

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