Mundra port to be a transshipment hub

Through expansion of its international wing, Adani’s aims to position Mundra as the largest Container Port in the country with 4 state-of-the-art container terminals The Dollar Business Bureau

Mundra port to turn into a transshipment hub

With this expansion, Mundra will emerge as a transshipment hub for the Middle East, South Asia & India, says Karan Adani, Chief Executive Officer, Adani Ports & Special Economic Zone Limited

Aimed at creating trans-shipment hub for the Middle East, South Asia and India, Adani Ports & SEZ Ltd. (APSEZL) announced of expanding its existing terminal -Adani International Container Terminal Private Limited (AICTPL), at its flagship Mundra port. The construction of the terminal, which will be capable of handling 18,000 TEU container vessels, has already commenced and is expected to be commissioned with in fifteen months duration. Upon completion, AICTPL will emerge as India’s largest container terminal with a total quay length of 1,460 meters and cargo handling capacity of 3.1 million TEUs. “We are pleased to take our partnership with Mediterranean Shipping Company (MSC) to the next level. With this expansion, Mundra will emerge as a transshipment hub for the Middle East, South Asia & India,” said Karan Adani, Chief Executive Officer, Adani Ports & Special Economic Zone Limited. It will also make Mundra the largest Container Port in India with a cumulative capacity of 6.6 million TEU and will help in achieving our vision of handling 200 MMT of annual cargo by 2020, he added. Diego Aponte, CEO and President of MSC, said, “We are confident that Mundra will become a major transshipment hub within South Asia.” The expansion of AICTPL will position Mundra as the largest Container Port in the country with 4 state-of-the-art container terminals having a cumulative handling capacity of 6.6 million TEUs, spread over an area of approx. 146 Hectares. Mundra Port already enjoys the coveted reputation of being the largest private commercial port in the country. Its deep draught and strategic location on the Indian coastline makes it an ideal choice for establishing a transshipment hub. AICTPL is a 50:50 JV with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company S.A, the second largest shipping liner in the world.

January 07, 2016 | 03:40pm IST

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The Dollar Business Bureau - Jan 07, 2016 10:11 IST

Mundra port to be a transshipment hub

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