Chennai Container Terminal Ltd (CCTL), the P&O Ports subsidiary set up to operate the container terminal at Chennai in south India, is well ahead of the cargo handling target set for it thanks to new and modern container handling equipment brought in by the company.
Under the terms of the 30 year concession agreement, CCTL was given the target of handling 350,000 TEU in the first year of operations and 500,000 TEU by 2006. By the end of March this year, CCTL had handled 424,665 TEU, an increase of 23 percent over the previous year. "We will hit the 500,000 TEU target by 2004," said CCTL CEO Ganesh Raj....
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This complete item is approximately 240 words in length, and appeared in the May 2003 issue of WorldCargo News, on page 12.
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