Business Standard
Saturday, Feb 18, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

HDC crude cargo target in limbo as Haldia-Paradip pipeline starts
Sohini Das / Kolkata Jul 08, 2009, 00:17 IST

While the Kolkata Port Trust(KoPT) has written twice to the Union Shipping ministry to revise downward its cargo targets for the fiscal as the port will lose crude cargo the Paradip-Haldia pipeline, the Haldia Dock Complex(HDC) has been set a target of 42.7 million tonnes(mt).

The 300 kilometer Paradip-Haldia pipeline has already started trasnporting crude and the Indian Oil Corporation(IOC) has indicated that it will shift eight mt cargo to the pipeline. Highly placed sources in KoPT informed that the ministry has retained its crude cargo target of 16 mt for Haldia from last year. This comprises 12mt of crude and 4 mt of petro products.

KoPT authorities had asked for a revised target of 33.38 mt for this year for HDC, and around 10.1 mt for Kolkata Dock System(KDS). It wrote two letters to the ministry in April and May consecutively, but has received no response.

The source admitted that it would be difficult to achieve target this year.

KDS has so far handled no crude traffic in the first three months of the year. It usually picks up October onwards.

As par latest figures up to June 22, HDC has handled 2.5 mt lesser crude cargo over last year same period. It has handled around 0.7 mt in April-May this year compared to 2.3 mt last year.

As for bulk cargo, the ministry has set a target of 8.9 mt for iron ore this year from 8.7 mt last year. KoPT has handled 1.054 mt of iron ore so far compared to 1.834 mt last year.

While thermal coal is flat at 0.401 mt, coking coal has surged to 1.035 mt from 0.923 mt. Fertiliser cargo has dropped in the first two months of the year to 59,000 ton from 0.11 mt last year.

On the container front, however, KDS has bucked the national trend. While all-India container cargo is down by 10 per cent so far this year, KDS has handled 57,380 twenty-equivalent units(TEU) this year, up 11.47 per cent. Haldia, on the other hand has seen a 24 per cent drop in container traffic at 17,610 TEUs. The shipping ministry has set a target of 3.05 lakh TEUs for KDS and 1.3 lakh TEUs for HDC.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street up on Greece, but gains seen limited
- FII-TO-FII: Pantaloon traded at 7% premium
- Civic polls: Saffron alliance retains Mumbai, Thane
- MCX awaits trading rules in commodity options, indices
- Govt to provide incentives for electronic chip manufacturing
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Save over Rs.3000 with IndianOil Citibank Card
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- T N Ninan: Saving Mumbai
- Aditi Phadnis: The battle lines for Behenji
- Deepak Lal: Rights, stakes and Newspeak
- The malt of India
- Lehman withdraws winding-up petition against Wockhardt
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us