India: Vizag Port cargo handling increases 11% in FY’20

Visakhapatnam Port Trust has recorded 11% y-o-y increase in its cargo handling traffic during the fiscal year FY’20, touching an all-time record of over 72.72 mn t, the port’s Chairman K. Rama Mohana Rao informed recently. In the previous fiscal FY’19, the port handled 65.30 mn t cargoes. Vizag Port is one of the major 13 ports in India having a capacity of 126 mn t at present. The port will soon expand its capacity to 141 mn t, Rao said.