Gujarat Pipavav is one of the reasons global shipping giant AP Moller-Maersk (APM) is willing to bet on India. Pipavav portĆĀ“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, shippersĆ¢ā¬āespecially in south India who earlier had to tranship their cargo over to Colombo and other regional hubsĆ¢ā¬āwill now save on the additional feedering cost at the hub port.