The liquid cargo business of APM Terminal Pipavav is seeing huge growth in sync with the change in export and import demand from Indian companies.
Liquid cargo which includes LPG and non-LPG consignments [POL/chemicals], has registered a sharp increase in volume over the past two years while the volume of bulk and container segments has declined.
The new focus is reflected in the company’s performance over the past two years. After handling 4.64 million tonnes for the 15-month period ended March 31, 2015, bulk handling volume has declined to 2.47 million tonnes in 2015-16. Container business volume has plunged from 980,689 TEUs during the 15-month period ended March 31, 2015, to 694,614 TEUs in 2015-16. Liquid cargo volume, on the other hand, has jumped by 133 per cent to 700,000 during 2015-16 from 300,000 tonnes for 15 months ended March 31, 2015.
“Till few years ago, our major focus used to be bulk and container handling only and coal import used to contribute a lot. Since, India has increased its coal production and there has been a reduction in the import of the fuel, we have shifted focus to liquid handling,” said Keld Pedersen, Chief Executive Officer, APM Terminal.
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