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Hot Pursuit News

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(05 Jan 2024, 15:30)

Gujarat Pipavav Q3 cargo volume rises 6% YoY

Gujarat Pipavav Port announced that its handled cargo volume in container terms was 203 thousand TEUs for Q3 FY24, up by 6.28% from 191 thousand TEUs recorded in Q3 FY23.

While the company's dry bulk cargo volume declined by 23.47% YoY to 0.75 million MT, liquid cargo volume shed 3.03% YoY to 0.32 million MT in the third quarter. The cargo volume of roll-on/roll-off ships zoomed to 29,000 units in Q3 FY24 as against 10,000 units in Q2 FY23.

During the period under review, the company handled 589 container trains (up 26.94% YoY) and the containers handled on train were 135 thousand TEUs (up23.85% YoY).

Gujarat Pipavav Port has been operating the Pipavav port in Saurashtra, Gujarat, since 1998. It has exclusive rights to develop and operate facilities of APM Terminals in Pipavav until September 2028, according to a concession agreement with Gujarat Maritime Board and the government of Gujarat. The company handles four cargo types: container, dry bulk,...

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