India's Paradip Port Authority (PPA), operator Paradip port in eastern coastal state of Odisha has awarded a 30-year concession to AMNS Paradip Logistics Private Limited (APLPL), a special purpose vehicle of ArcelorMittal Nippon Steel Limited (AMNS) to mechanize the CQ-III berth for handling of dry bulk cargo on a captive basis, a company statement said on Friday, August 28.
The concession that will ensure seamless cargo movement, enhance AMNS' operational efficiency, and reinforce the company's commitment to environmental sustainability, the statement said.
The concession will enable APLPL to handle iron ore pellet shipments through a fully-mechanized conveyor system directly connected from AMNS' pellet plant complex to the berth at Paradip Port.
Coastal shipping of iron ore pellets from Paradip to Hazira by AM/NS India is an established environmentally sustainable mode of transport, the statement said.
The captive use of CQ-III berth will not only support AMNS' long-term growth but also serve as a vital link in the company's robust and eco-friendly supply chain pipeline, it added.
