Published on April 26th, 20170
Adanis’ Mundra is Now India’s Top Container Port by Capacity
Infrastructure giant Adani Group has added another feather in its cap with Mundra Port racing to the top as India’s biggest container port by capacity after the opening of a new 1.3 million twenty-foot equivalent units (TEUs)-capacity terminal, developed jointly with CMA Terminals, a unit of CMA-CGM S A, the world’s third largest container shipping firm.
Adani CMA Mundra Terminal Private Limited (ACMTPL), commissioned three months ahead of schedule, helps Mundra Port located in Gujarat overtake union government-owned Jawaharlal Nehru Port Trust near Mumbai in the container handling business.
Mundra, the flagship port of Mumbai-listed Adani Ports and Special Economic Zone Ltd (APSEZ), now has a capacity to load 5.5 million TEUs to JNPT’s 4.2 million TEUs. A TEU is the standard size of a container and a common measure of capacity in the container business.
“This is a notable milestone for us,”, said Karan Adani, the chief executive officer of APSEZ.
The development comes three years after Mundra emerged the first port in India to handle 100 million tonnes (MT) of cargo a year, joining an elite club of global ports that loads over 100 MTs of cargo.
“This strategic partnership with CMA CGM in the container terminal business brings significant value to Mundra port. By virtue of its position as the world’s third largest container shipping line, CMA CGM is a valuable customer for Mundra port; and with this strategic partnership, they will become a valuable partner, leaving them ideally poised to participate in the ever-increasing share of global EXIM trade handled through the port of Mundra,” Karan Adani said.
ACMTPL has four 65 tonne-capacity rail mounted quay cranes capable of handling 18,000 TEU vessels and super post and ultra large container vessels. The yard equipment includes twelve 41 tonne lift rubber tyred gantry cranes, which can accommodate seven rows of containers and one operational lane. The terminal spans over 27 hectares, with a 650-meter long quay and a draft of 16.5 meters.
“With this new development, Mundra port is perfectly primed to set the bar even higher on the crucial parameters of efficiency, productivity and faster turnaround times for larger vessels, which will directly translate into competitive advantages for our customers. With this partnership, APSEZ has further consolidated its position as the port of choice for major shipping lines and firmly established itself as a key player in the regional container market,” Karan Adani added.
The opening of the new terminal reinforces APSEZ’s strategy on the container business. “Container will be the growth market in India,” Karan told this reporter in December 2015. “As a group, we are taking a conscious call to de-risk our hedges from ports. That’s why we are focussing a lot more on containers. If you see, our last two three big announcements were purely on containers… Ennore (Kamarajar), Vizhinjam and Kattupalli,” he said then.
Its tie-ups with the world’s top container carriers has added muscle to the strategy on container business as this would help get assured volumes.
APSEZ continues to rapidly expand its container terminal footprint across India’s coastline. Apart from the existing three container handling facilities at Mundra, Hazira and Kattupalli, APSEZ is constructing a container transhipment hub at Vizinjham in Kerala and two other facilities at Kamarajar Port in Tamil Nadu and Dhamra Port in Odisha.
This will allow APSEZ to fulfil its stated vision of handling 200 MT of cargo well before the year 2020, a company statement said.
Mundra now has four operating terminals – a 1.35 million TEU terminal run by APSEZ itself, a 1.35 million TEU facility operated by Dubai’s D P World, a 1.5 million TEU terminal run by an equal joint venture between APSEZ and Mediterranean Shipping Company S A and a 1.3 million TEU facility run by the JV of APSEZ and CMA Terminals.
Besides, APSEZ had earlier said it was expanding the terminal it runs with Terminal Investment Ltd (the container terminal operating company majority owned by Geneva-based Mediterranean Shipping Company S A (MSC)), at Mundra from 2013 to load 3.1 million TEUs a year from 1.5 million TEUs.