New Mangalore Port Trust taking several steps to become competitive to attract more business

The port registered a net profit of ₹ 124.81 crore in 2017-18; plans afoot to improve road and rail connectivity to enhance cargo movement

Published - August 01, 2018 12:59 am IST - MANGALURU

New Mangalore Port Trust at Panambur in Mangaluru.

New Mangalore Port Trust at Panambur in Mangaluru.

New Mangalore Port Trust (NMPT) has been taking several steps, including abolition of notional booking and payment of speed money to the port’s cargo handling workers, to make the port competitive and attract more business, said NMPT chairman M.T. Krishna Babu.

Speaking to reporters here on Tuesday, Mr. Babu said that even the Parliamentary Standing Committee on Shipping headed by the former Union Minister M. Veerappa Moily had observed that with the practice of notional booking and speed money, NMPT has become costlier.

The decision was taken at the pan-India level after discussions with labour unions, he said.

Paying fixed charges to the port’s cargo handling (CHD) workers irrespective of work being there or not formed notional booking while tips for faster turning around a vessel is called speed money. NMPT once had about 600 CHD workers and there are about 200 of them now.

Mr. Babu said that with its abolition, cargo handling cost at NMPT should come down at least by ₹ 60 per tonne. During a surprise inspection on Tuesday morning, he found that 17 of the 60 CHD workers on the shift were absent, after signing in.

The trust has plans to improve road and rail connectivity to the port to enhance cargo movement between the hinterland and the coast. Union Minister for Shipping Nitin Gadkari recently chaired a meeting and reviewed the proposals, he said.

The Chairman said that NMPT has formed a Business Development Team from within its personnel to interact with customers and improve revenue by visiting various industrial and plantation areas in the hinterland.

Financial performance

Mr. Babu said that NMPT registered a net profit of ₹ 124.81 crore in 2017-18 as against ₹ 94.57 crore in the previous fiscal.

Cargo handling improved from 39.95 million tonnes in 2016-17 to 42.06 million tonnes 2017-18.

There was improvement in container traffic handling too, from 0.95 lakh TEUs to 1.155 lakh TEUs (14.11 lakh tonnes to 17.43 lakh tonnes) during the period.

The port handled 43,973 TEUs (6.41 lakh tonnes) container traffic till July 30 in 2018-19, he added.

NMPT expects 36 cruise vessels calling on the port this year as against 22 in the last fiscal.

The port has also undertaken several infrastructure development works and ease of doing business measures, the chairman added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.