Krishnapatnam Port, one of the largest and fastest growing ports on the East Coast of India, has flagged off the path-breaking direct container shipping service between the Indian Subcontinent and Myanmar that would change the way sea trade has been so far on the East Coast. Mr C Sasidhar, Managing Director, Krishnapatnam Port Company Limited and Capt S Narula, Director-Liner & Passenger Services, The Shipping Corporation of India Ltd, in the presence of prominent dignitaries at the port, flagged off the Yangon direct service at the Krishnapatnam Port Container Terminal on October 3. The Yangon service is a fortnightly container service operated by The Shipping Corporation of India connecting the Indian Subcontinent with Myanmar.
KPCL will facilitate the fortnightly service to the Port of Yangon, which is about 1,100 nautical miles. The new service, with a 1200 TEUs vessel SCI Kamal, will connect the ports of Chennai-Krishnapatnam-Yangon-Colombo and will enable the trade to reach these destinations quicker and at a reduced cost. Krishnapatnam Port Container Terminal’s (KPCT) global standards and efficient services will help the traders to export clinker, telecom equipment and cars; import pulses, timber and garments.
In line with the Government focus on developing bilateral trade between India and Yangon, Krishnapatnam Port Company Limited (KPCL) has always been at the forefront in deriving strategies and methodologies that would bring various corporates and trade associations from both the countries to connect, partner and do business for mutual benefits. Earlier, KPCT organised a trade meet in Yangon to showcase the business opportunities for mutual trade. KPCT was also the first to hold a trade meet in Abidjan, Ivory Coast that saw a significant increase in export of rice.
Mr C Sasidhar, Managing Director, Krishnapatnam Port Company Limited, said, “We are grateful for the Shipping Corporation of India new service from our Port and this will definitely change the way sea trade has been so far on the East Coast.”
“At KPCL, we go beyond our business objectives and look at achieving a global partnership between nations. We aim to bring a paradigm shift in the Indian Shipping industry and look forward for more such initiatives in future,” he added.
Capt S Narula, Director-Liner & Passenger Services, The Shipping Corporation of India Ltd,said, “The Yangon service will boost bilateral trade relations between India and Myanmar by opening immense opportunities for exporters and importers in these countries. We are glad to associate with Krishnapatnam Port Container Terminal for the new service and thereby facilitate trade to reach out to the growing markets in Myanmar.”
Global Benchmarks & Advantages of Krishnapatnam Port
- Currently in its second phase of development, the port is designed to be one of the biggest Ports in the world
- Krishnapatnam Port has established a World record for coal discharge of 1,22,247 MT, using the conventional system of coal unloading
- Krishnapatnam Port has achieved a benchmark by loading 60021 MT of Iron Ore Fines in just 24 hrs by using the conventional system of loading
- Its Master Plan incorporates 42 berths with a total quay length of 12.5 km and a draft of 20 meters, capable of handling 200,000 DWT super capsize vessels
- The port has witnessed a total investment of nearly USD 1 Billion till date, meeting the global standards in providing world-class service and facilities.
- The ‘Pull’ factor for shipping lines to call Krishnapatnam Port is the incremental ocean freight that EXIM trade of Andhra Pradesh and Karnataka is willing to pay due to their logistical savings. EXIM trade can use the world-class port facility which would result in significant savings in time by way of faster turnaround of vessels, trucks, trains and thereby cost saving. These savings encourage trade to pay premium in ocean freight for shipments from Krishnapatnam Port
- A huge area backup area of 6,500 acres for transit storage that will house a dedicated container terminal, and import hub port for coal for the 14,000 MW power project coming up in its vicinity, and export hub port for iron ore along with the capacity to handle fertilizers, petrochemicals, break-bulk cargo, project cargo and automobiles
- In future, Krishnapatnam Port will also have shipbuilding and repair facilities along with bunkering facilities
About Krishnapatnam Port Company Limited: KPCL, located on the East Coast of India in Andhra Pradesh, is promoted by the CVR Group, a highly diversified group having a turnover of over US$ 1-Billion and an order book of US$ 10-Billion comprising of power, steel, port establishment, spatial technology & applications, information technology and exports.
About Krishnapatnam Port Container Terminal: KPCT is operated by Krishnapatnam Port Company Limited. Commencing operation in September 2012, the terminal handles cargoes such as cement, rice, maize, seafood, granites, chillies, tobacco and cotton. The terminal is emerging as a container gateway of the East Coast of India with its world-class cargo handling equipment, deepest draft, huge warehousing facility, efficient operational processes and unparalleled road and rail connectivity.
Photo Caption:
Krishnapatnam Port Container Terminal Flagging off SCI Vessel, MV KAMAL to YANGON Port
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