Millennium Post

Adanis, Swiss Mediterranean enter container terminal JV

Adani Ports and SEZ (APSEZ) on Tuesday said that it has formed a joint venture with Switzerland-based MSC Mediterranean Shipping Company to operate its new container terminal at the Mundra Port.

The JV will operate Adani International Container Terminal Pvt Ltd (AICTPL) which is the third such terminal at Mundra port and has a capacity of 1.5 Million TEUs, Adani Ports said in a statement.

The company, however, did not disclosed details of the JV structure and proposed investment plans.

'The new Container Terminal will enable the biggest and largest container vessels to seamlessly berth and operate at Mundra.
'With rapid access to North and West India hinterland, the Trade at large will benefit from scale benefits of larger vessels calling at Mundra providing a compelling cost advantage to port users,' Adani group Chairman Gautam Adani said.

Noting that Adani Ports is expanding capacity at various Indian ports, he said the new terminal will be a regional hub with Trans-shipment of International cargo being performed.The terminal has a capacity of 1.5 Million TEUs, deploys the largest cranes, has deepest water depths and longest berths heralding a new innings in Indian Maritime history, Adani Ports said.

Last month, the Adani group firm had handled one of the largest and longest container vessels in the world — MV MSC Valeria, having a capacity of 14,036 TEUs. Owner of the container vessel, MSC Mediterranean Shipping Company, has now become JV partner of Adani Ports for the container terminal.

Mundra Port is APSEZ's flagship port and had handled 82.13 million tonnes (MT) of cargo and 1.74 million TEUs of container volume in the last fiscal. It has a total cargo handling capacity of 200 MT per annum and also operates two container terminals with an annual capacity of about 2.5 million TEUs.Adani Ports currently operates 12 terminals with 31 berths at the Mundra Port, the Dahej Port and the Hazira Port.
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