Adani to develop transhipment hub at Mundra with Swiss co arm

Adani Ports & SEZ Ltd (APSEZL), part of the Adani Group, today said it will expand its existing terminal AICTPL at its flagship Mundra port to develop it into a transshipment hub.
Adani International Container Terminal Private Ltd (AICTPL) is a 50:50 joint venture with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company SA (MSC), the second largest shipping liner in the world.
"The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India. 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 (twenty foot equivalent unit," Adani Port said in a statement.

It will be equipped with 15 super post panamax quay cranes, capable of handling 18,000 TEU container vessels at the terminal.
The expansion of AICTPL will position Mundra as the major transhipment hub in the country providing congestion free and cost effective solution, the company said adding, construction has already commenced and the terminal will be commissioned in 15 months.
Karan Adani Chief Executive Officer APSEZ said, "With this expansion, Mundra will emerge as a transhipment hub for the Middle East, South Asia & India. 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 Million Tonnes of annual cargo by 2020."

Diego Aponte CEO and President of MSC said, "We are confident that Mundra will become a major transhipment hub within South Asia."

The expansion will also exclusively position Mundra as the largest container port in the country with four 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, the company said.
Its deep draught and strategic location on the Indian coastline makes it an ideal choice for establishing a transhipment hub. APSEZ and MSC had set up AICTPL in 2013.

The Adani Group is one of India's leading business houses with revenue of over USD 10 billion.
Terminal Investment Ltd (TIL) is one of the world's largest and most geographically diverse container terminal operator, with material equity interests in 30 terminals - 29 operating as per today and one under construction.