Shas­tri Boodan

Plipde­co had its busiest years in 2014 and 2015, says chair­man Ian Ather­ly.

Last year, the port han­dled more than 221,000 20 foot equiv­a­lent con­tainer­ised units (TEU) in car­go–the high­est in its 50 year his­to­ry–af­ter achiev­ing the 200,000 TEU mark for the first time in 2014.

Speak­ing at the com­pa­ny's 50th an­niver­sary awards cer­e­mo­ny at the Cen­tre Pointe Mall Au­di­to­ri­um, Ch­agua­nas, Ather­ly added, how­ev­er, that pre­vail­ing glob­al and lo­cal eco­nom­ic con­di­tions re­sult­ed in a sig­nif­i­cant slow­down in trade Plipde­co has seen a 25 per cent de­crease in the vol­ume of car­go be­ing han­dled for the year so far.

De­spite this, Plipde­co still man­aged to main­tain its mar­ket share for lo­cal con­tainer­ized car­go and through a pro­gramme of pru­dent fis­cal man­age­ment and cost con­trol has man­aged to main­tain prof­itabil­i­ty.

Works Min­is­ter Ro­han Sinanan, in his re­marks at the func­tion praised the 300 awardees for their con­tri­bu­tion to the de­vel­op­ment of Plipde­co.