Chennai Port Stares at Uncertain Future
Source: http://www.portwings.in/articlesinterviews/chennai-port-stares-at-uncertain-future/ Port Wings News Network: Chennai Port, one of the oldest ports in the country and regarded as the “Gateway of East Coast,” is now at a crossroads. Situated in the Coromandel Coast in South-East India, the Port of Chennai has more than 100 years of tradition. Activities at the Chennai Port, which was lull for decades, turned hyperactive when the port began handling Coal in 1970s for the use of Tamil Nadu Electricity Board to meet the power requirements of the state. After the globalization, when the containerized trade started picking up, Chennai Port was the first to have a container terminal and became a true Gateway of East Coast India with facilities for handling containers, breakbulk and liquid bulk cargoes . Besides, the port has also played its important role in securing energy security for the whole region by facilitating import of crude and coal for a refi...