Impact of lower exports of iron ore concentrates from KIOCL
MANGALORE: New Mangalore Port (NMP) has witnessed a slowdown in traffic growth during 2006-07 handling 32.04 million tonnes against 34.45 million tonnes in 2005-06 due to lower exports of iron ore concentrates and pellets from Kudremukh Iron Ore Company Ltd (KIOCL) to the tune of 3.1 million tonnes. The move by the Union Finance Minister to levy duty on export of iron ore in this year's budget too has contributed to the slowdown.
P. Tamilvanan, Chairman, New Mangalore Port Trust, briefing media persons said that out of the 32.04 million tonnes handled in the last fiscal, 17.92 million tonnes was by way of imports and 14.12 million tonnes exports.
The port handled 1,015 vessels during the period. The port, by handling 17,290 twenty-foot equivalent containers at 2.65 lakh tonnes, has registered a growth of 79 per cent.
The port also handled a record 18 cruise vessels during 2006-07 as against three vessels. A modern cruise lounge, costing Rs. 2.05 crore, is under construction and will be ready by June. The port has registered a 98 per cent growth in handling railway traffic in 2006-07 at 30.18 lakh tonnes (15.23 lakh tonnes). It has also registered a positive growth in handling diverse types of cargo such as coal and limestone.
The port handled a record quantity of 10.46 lakh tonnes of coal in 2006-07 against 5.13 lakh tonnes and 9.72 lakh tonnes of fertilizers (6.62 lakh tonnes). The cargo handled manually too rose from 77.47 lakh tonnes to 87.49 lakh tonnes in 2006-07.
Total revenue during 2006-07 is expected to cross Rs. 240 crore. The port could earn a net surplus of above Rs. 100 crore for the second consecutive year.
To attract more cargo, the port has reduced the wharfage charges for LPG to 10 per cent from 20 per cent. It earned a revenue of Rs. 1.76 crore from railway traffic during, highest earned by the port so far, he said.