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Vizag Port creates New Record in Cargo handling last fiscal 

March 30, 2024
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Vizag Port creates New Record in Cargo handling last fiscal 

Visakhapatnam - The Visakhapatnam Port Authority (VPA) has set a new cargo handling record by surpassing 80 million metric tonnes per annum (MMTPA) just four days before the end of the financial year 2023-24. This achievement exceeded the previous record of 73.75 MMTPA in 2022-23. The Visakha Container Terminal (VCT) reported a notable 28% increase in container volumes, reaching 665,000 TEUs (Ten Equivalent Units).

Dr. A. Angamuthu, the Port Chairman, highlighted the growth in various cargo categories, including a 27% increase in POL and crude volumes, 12% in iron ore, and 6% in fertilizers. The port also handled a higher number of baby cape vessels up to 43 meters beam, contributing to a more than 35% increase in the number of vessels managed.

The Port Chairman commended the team for achieving the milestone and urged them to continue striving for excellence. The port’s Key Performance Indicators (KPIs) demonstrated significant improvements, with a 68% enhancement in Pre-berthing detention, 10% in TRT & OSBD, and 8% in Idle time at berth.

Notably, the VPA recorded the highest tonnage cargo handling every month in May, June, October 2023, and January 2024. Additionally, the port achieved a record for the highest daily cargo volume of 403,978 million tonnes on January 19, surpassing the previous record (401,875 MT) set on June 17, 2023.

During the Global Maritime India Summit (GMIS) 2023, the port signed 19 Memorandums of Understanding (MoUs) to enhance port management practices and explore new trade opportunities. The VPA’s commitment to community development was emphasized by engaging in citizen-centric initiatives such as park development and road beautification to enhance the quality of life for Visakhapatnam residents.

The VPA’s commitment to sustainable development and the welfare of the local population was further demonstrated by its achievement of first place among all major ports in the Swachchta Pakhwada Awards 2023, which recognizes efforts in cleanliness and hygiene, as announced by the port secretary T Venu Gopal. This award underscores the VPA’s dedication to environmental stewardship and community well-being.

Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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