Visakhapatnam  :

The Kakinada Container Terminal (KCT), a joint venture company of equal shareholdings among Kakinada Infrastructure Holdings Pvt Ltd (KIHPL), PSA Chennai Investments Pte Ltd (PSA Chennai) and Bothra Shipping Services Pvt Ltd (Bothra), was launched at a trade meet in the city on Thursday.

KCT will have an initial annual handling capacity of 200,000 Twenty-foot Equivalent Units (TEUs) of containers. It has a 300 metre quay as well as mobile harbour cranes and reach stackers.

KCT is situated in the Kakinada Deep Water Port (KDWP), an all-weather port in Andhra Pradesh, and is sheltered by a natural breakwater. The port is well positioned to serve east India’s agricultural, seafood and commodity hinterland, which exports products like rice, sugar, maize, shrimps and paper products. Many leading agricultural companies have set up their processing centres in the region, said an official release.

“KDWP has emerged as the most user-friendly, clean and green port with efficient and mechanised cargo handling systems. With the start of the container operation, it is now the most integrated port in India,” said KV Rao, chairman and managing director of Kakinada Seaports Limited.

Ajit Bothra, director of Bothra Shipping Services Pvt Ltd, said, “The new container terminal will bring container services to the doorstep of the rice bowl, seafood and agri-export heartland of India and result in considerable savings in logistics to the EXIM trade of the region.”

source: http://www.timesofindia.indiatimes.com / The Times of India / News Home> City> Visakhapatnam / TNN / November 06th, 2015