Gujarat Pipavav is one of the reasons global shipping giant AP Moller-Maersk (APM) is willing to bet on India. Pipavav port´s revenue has grown at a CAGR of 23 per cent in the past five years and it has made Rs 323 crore in profits in three years.
Tag: AP Moller Maersk
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Expertspeak: Yet privatisation has been successful
With ICTT, by bringing mainline vessel calls to Cochin, shippers—especially in south India who earlier had to tranship their cargo over to Colombo and other regional hubs—will now save on the additional feedering cost at the hub port.