MbPT, JNPT may suffer Rs 100-cr loss due to ship collision
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Last Updated: Tuesday, August 10, 2010, 23:20
Mumbai: India's busiest ports, Mumbai Port Trust (MPT) and Jawaharlal Nehru Port Trust (JNPT) are likely to lose revenues of over Rs 100-crore together due to collision of ships which has forced them to shut down their operations, a senior official said.

"Both JNPT and MBT will face a revenue loss of over Rs 100-crore as they suspended their operations from last week. The loss may increase if the shutdown continues for another 3-4 days," the Port official who did not wish to be named said here today.

The operations of country's two major ports were suspended after collision between two ships off the Mumbai coast last week that resulted in an oil spill.

It is expected that both the ports will remain shut until the cleaning-up operation in the shipping lane is completed, the official said.

There are almost 8-9 vessels entrapped in JNPT since last week due to the shutdown. Almost 13 vessels, which were anchored outside the port, have been diverted to other ports, the official said.

Apart from revenue loss, the closure is going to hamper the whole business cycle of maritime trade, the official said.

"Overall 40 per cent of the exim-trade of the country has been affected by now as a short-term impact. But in the long-term, it will be much bigger," he said.

Two Panamanian cargo ships--MSC Chitra and merchant vessel Khalija--collided on August 7 off the Mumbai coast and caused the oil-spill.


First Published: Tuesday, August 10, 2010, 23:20

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