Financial Daily from THE HINDU group of publications
Wednesday, Mar 20, 2002
Financial Daily from THE HINDU group of publications Wednesday, Mar 20, 2002 |
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Logistics
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Shipping Nalco eyes Paradip as third export port Our Bureau
VISAKHAPATNAM, March 19 INDIAN aluminium major National Aluminium Co (Nalco) will be diverting a significant chunk of its aluminium exports through Paradip Port following the introduction of a regular container vessel at the port by Hyderabad-based Seaways Shipping Ltd (SSL). The vessel, which made its first call earlier this month, made its second visit to Paradip on Monday. It is expected to sail out with 79 containers of Nalco's aluminium ingots (about 1,960 tonnes) and three reefer containers in a day or two, according to Capt P.V.K. Mohan, SLL Chairman-cum-Managing Director. "Right now, the frequency of the vessel to Paradip is about one call a month, but very soon we will increase it to two calls from next month and later to three calls a month," Capt. Mohan told Business Line. Nalco, which exports about 8,000 tonnes of aluminium ingots through the Vizag port and another 4,000 tonnes through the Kolkata port every month, has for long been looking for a third port. Nalco sources said with the introduction of the container vessel at Paradip, a significant chunk of its exports through Kolkata would be diverted through Paradip. The development is expected to open up new export opportunities through the Paradip port. The string of aquaculture and fisheries units in and around Paradip, which have closed down their operations due to lack of container service at the port, are now thinking in terms of reviving their operations for export of marine products to China. One industry that will get a boost is the idol-making sector. The region has an array of small and medium units engaged in making different idols and statues, which command a good market in Europe and the US. But lack of container services at Paradip had been stifling export, especially as the products need careful handling during stuffing and destuffing operations.
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