KrishnapatnamPort,One hundred kilometers of North of
Chennai was posing a threat
to the container business of Chennai’s cluster of port
not long ago, But speculations are
rife in the industry circles that the container business
of the port is likely to be closed
down due to declining volumes.
The Port in Southern Andhra Pradesh bordering Tamil Nadu
has the capacity to handle
1.2 million TEUs per annum
The container terminal was taken over by the Adani port a few years ago and since then the container volumes have been dropping.APSEZ, took full control of Krishnapatnam Port, the country’s second biggest private port in 2021 for a value of Rs13,675 crores
Container cargo has reduced drastically at Krishnapatnam Port. APSEZ is yet to take a
call on shutting the terminal,†said a shipping industry source with close ties
to APSEZ. The terminalused to handle some 12,000 TEUs a month till last year.
The volumes have dropped sharply since then.
Speculations in the industry circles is that Adanis may make Kattupalli
and Ennore a cluster for containers while Krishnapatnam will focus on bulk and
liquid cargo.