03 May 2023
The new captive port at Suvali in Surat will be designed to handle 60 mt of bulk, break bulk cargo, and finished goods, as well as 5 mt of liquefied natural gas (LNG), from 8 berths, three of which can accommodate Capesize vessels with a capacity of 180,000 dead weight tonnes (DWT), and four of which can dock Supramax ships with a capacity of 55,000 DWT.
Documents show that months after purchasing a 25 million tonne (mt) capacity captive port at Hazira from Essar Group to serve its nearby steel mill, ArcelorMittal Nippon Steel India Ltd (AMNS) has begun plans to build a new deep draft captive facility at Suvali in Gujarat's Surat district to handle 65 mt of in-house cargo required by the Hazira plant following expansion.
When the steel mill expands beyond its current capacity of IO mt annually, the additional captive port will be prepared to meet its needs.
The agreement under which ArcelorMittal Nippon Steel acquired Essar Steel for around Rs42,000 crore in accordance with Indian bankruptcy rules did not include the captive port at Hazira.
The issue over the ownership of the captive port was resolved last year when AMNS paid Essar Group $2.05 billion (about Rs16,500 crores) to acquire the 25 mt captive facility, a 270 MW power plant in Hazira, and a 12 mt captive berth at Paradip Port.
The new captive port will have eight berths and be able to take Capesize boats with a capacity of 180,000 dead weight tonnes (DWT) and Supramax ships with a capacity of 55,000 DWT. It will also be able to handle 60 mt of bulk, break bulk, and finished commodities in addition to 5 mt of liquefied natural gas (LNG).
The new captive port at Suvali in Surat will be designed to handle 60 mt of bulk, break bulk cargo, and finished goods, as well as 5 mt of liquefied natural gas (LNG), from 8 berths, three of which can accommodate Capesize vessels with a capacity of 180,000 dead weight tonnes (DWT), and four of which can dock Supramax ships with a capacity of 55,000 DWT.
Documents show that months after purchasing a 25 million tonne (mt) capacity captive port at Hazira from Essar Group to serve its nearby steel mill, ArcelorMittal Nippon Steel India Ltd (AMNS) has begun plans to build a new deep draft captive facility at Suvali in Gujarat's Surat district to handle 65 mt of in-house cargo required by the Hazira plant following expansion.
When the steel mill expands beyond its current capacity of IO mt annually, the additional captive port will be prepared to meet its needs.
The agreement under which ArcelorMittal Nippon Steel acquired Essar Steel for around Rs42,000 crore in accordance with Indian bankruptcy rules did not include the captive port at Hazira.
The issue over the ownership of the captive port was resolved last year when AMNS paid Essar Group $2.05 billion (about Rs16,500 crores) to acquire the 25 mt captive facility, a 270 MW power plant in Hazira, and a 12 mt captive berth at Paradip Port.
The new captive port will have eight berths and be able to take Capesize boats with a capacity of 180,000 dead weight tonnes (DWT) and Supramax ships with a capacity of 55,000 DWT. It will also be able to handle 60 mt of bulk, break bulk, and finished commodities in addition to 5 mt of liquefied natural gas (LNG).
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