Mormugao Port Trust to diversify business


Once heavily dependent on iron-ore exports and coal handling, the Mormugao Port Trust has decided to diversify its business by importing iron ore recover from the impact of mining closure.

“After mining ban we are trying to push other cargo options like steel, granite and containers. Also rather than iron ore exports, MPT has been taking efforts to import iron ore; from the east coast and from other countries, we will be getting high grade iron ore. Even JSW will be bringing iron ore from the east coast, so there is a sizable quantity at port but it will not match the earlier cargo handling level. But we are expecting sustainability,” MPT Chairman I Jeyakumar said.

He informed that MPT has been looking at investing at other at the new port at Vijaydurg in Maharashtra to sustain itself.

Commenting on the risk of oil pollution posed by M V Qing and a floating dry dock, Jeyakumar said, “Pollution point of view both the vessels will be cleared by May end.”