The new container loading facility at Mundra port in Gujarat would be run by a joint venture (JV) firm of Mediterranean Shipping Co SA (MSC) and Adani International Container Terminal Pvt Ltd.
Adani Ports and Special Economic Zone (APSEZ) formed the 100 percent subsidiary, Adani International Container Terminal Pvt Ltd, for developing the container terminal and associated facility at the south basin in Mundra port.
According to the JV agreement, Geneva-based MSC will get priority berthing at the new container loading facility while APSEZ will gain from guaranteed volumes.
This is MSCÂ’s first investment in a container terminal in India.
The Adani firm started operation of the first phase of the new terminal, which has a capacity to load 1.5 million standard containers a year. The capacity can be expanded to handle up to 5 million standard containers a year as demand grows.
When this terminal, the third at Mundra, is fully operational, the port can load up to 7.5 million standard containers a year.
In 2012-13, Mundra port loaded 1.74 million standard containers. The new terminal will be a “regional hub with trans-shipment of international cargo being performed”.
This will be IndiaÂ’s second container transhipment terminal. DubaiÂ’s DP World runs a container transhipment facility at Vallarpadam in Cochin port. Both are located on IndiaÂ’s western coast.
Leave a Reply
You must be logged in to post a comment.