Vizhinjam Port

CPI(M) alleges IAS officer's removal as Vizhinjam MD was to benefit Adani

The opposition CPI(M) on Saturday alleged that the recent removal of IAS officer Divya S Iyer as the Managing Director of Vizhinjam International Seaport was aimed at benefiting the Adani Group, and demanded that Chief Minister V D Satheesan explain the reasons behind her transfer. Senior CPI(M) leader and Kannur district secretary K K Ragesh made the allegation in a Facebook post amid the ongoing controversy over Adani Ports and Special Economic Zone Ltd's (APSEZ) proposed transfer of a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL), the port concessionaire, to Switzerland-based shipping giant Mediterranean Shipping Company (MSC). Ragesh alleged that Iyer had played a key role in safeguarding the state's interests by resisting attempts to alter provisions of the Vizhinjam port concession agreement and claimed that Adani authorities had made repeated efforts to have her removed from the post. He further alleged that the then Chief Minister Pinarayi Vijayan had ...

Govt nod mandatory for Adani stake transfer in Vizhinjam port: Kerala CM

Kerala Chief Minister V D Satheesan on Wednesday said Adani Ports cannot transfer its shares in the Vizhinjam International Seaport here without the prior approval of the state government. Replying to a question in the Assembly, he said there have been media reports regarding the proposed stake transfer, but the company has not approached the government seeking approval. "As per the agreement, they cannot transfer these shares without the government's approval. The approval of the State Government is mandatory, and in certain matters, the approval of the Central Government is also required," Satheesan said. He said no request seeking such approval has been received by the government so far. Adani Ports and Special Economic Zone (APSEZ) on Tuesday said Switzerland-based MSC, the world's largest shipping transport and logistics conglomerate, will acquire a 49 per cent stake in its Vizhinjam port in Kerala for about USD 1.4 billion. Mediterranean Shipping Company (MSC) will make the

MSC arm to pick up 49% in Adani's Vizhinjam port for $1.4 billion

The transaction values Adani Vizhinjam Port at $2.85 billion and marks the largest foreign private investment in India's port infrastructure, according to APSEZ

TiL to invest $1.4 billion for 49% stake in Adani's Vizhinjam port

Terminal Investment Limited, the port operator backed by Mediterranean Shipping Company, will acquire a 49% stake in Adani Vizhinjam Port, valuing the Kerala transshipment hub at $2.85 billion

Adani Ports to invest ₹16,000 crore in Vizhinjam phase 2 development

The Adani Ports will be carrying out the second phase development of the Vizhinjam seaport at an estimated cost of around Rs 16,000 crore, and an announcement in this regard is expected during the inaugural ceremony on Saturday, sources said. The second phase of development will be inaugurated on Saturday evening by Chief Minister Pinarayi Vijayan. The Adani Ports and Special Economic Zone Ltd (APSEZ) expects the second phase of development to make Vizhinjam the largest transhipment hub in the Indian sub-continent, the sources said. It will add 4.1 million Twenty-foot Equivalent Units (TEUs) to the existing capacity of the port, they said. The sources further said that while Vizhinjam was currently the most advanced and fully automated transhipment hub in India, the phase 2 development will be undertaken with updated automation in technologies and equipment. The phase 2 equipment will include 21 automated ship-to-shore (STS) cranes, 45 automated Cantilever Rail-Mounted Gantry (CMR

Kerala govt sues MSC over oil spill, seeks $1.1 billion in compensation

Earlier in May, a Liberian-flagged MSC ELSA3 ship travelling from Vizhinjam to Kochi capsized. The incident resulted in the leakage of fuel and the release of cargo

World's largest container ship docks at Vizhinjam International Seaport

MSC IRINA boasts of an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping

From protest to prosperity: Vizhinjam port offers new hope for local youth

Just a few years ago, the name Vizhinjam was at the heart of fierce protests. Now, it is being spoken of as a symbol of opportunity and progress, especially among the youth in this coastal village. On Friday, Prime Minister Narendra Modi officially commissioned the Vizhinjam International Seaport, a project once met with strong resistance from the local fishermen community. Today, it stands as a source of pride and employment for many of those same residents. "Who wouldn't want a good job in their hometown?" asked Rahul, a young man from the fishermen community, stepping out of the port wearing his safety helmet and uniform. He is among the 35 per cent of port workers who are from Vizhinjam. Many more are hoping to follow his lead. The port has slowly changed public opinion in the area. Years of protests, supported by the local Church, brought life in Vizhinjam to a standstill for over four months. It was only after a meeting with Kerala Chief Minister Pinarayi Vijayan that the ..

Vizhinjam port showcases New India, India bloc may take note: Sitharaman

Union Finance Minister Nirmala Sitharaman took a swipe at the INDIA bloc on Friday, noting that the Vizhinjam port showcased "New India" as the-then Kerala chief minister Oomen Chandy of the Congress asked the Adani Group to build it and incumbent Pinarayi Vijayan of the CPI(M) invited Prime Minister Narendra Modi to inaugurate it. She said in a post on X, "Vizhinjam port has showcased New India. Late Shri Oomen Chandy of the Congress invited Adani to build the port, Kerala Chief Minister Pinarayi Vijayan of the CPI(M) invites Prime Minister Narendra Modi to inaugurate it. I.N.D.I Alliance leaders may take note." Modi officially commissioned the Vizhinjam International Seaport in Thiruvananthapuram on Friday, stating that the capacity of this transshipment hub would triple in the coming years, allowing some of the world's largest cargo ships to dock smoothly. He also took a dig at the INDIA bloc and the Congress, saying the presence of Vijayan and Congress MP Shashi Tharoor at the .

India in 'sweet spot' amid tariff war, sees trade growth: Karan Adani

Karan Adani says US-China tariff war is boosting India's container trade, APSEZ to invest Rs 12,000 crore in FY26 and targets Vizhinjam port completion by 2028

PM Modi inaugurates Vizhinjam port, calls it India's maritime turning point

Vizhinjam is India's first dedicated container transshipment port and also its first semi-automated one. It will handle container, break-bulk and multi-purpose cargo

PM Modi to dedicate Vizhinjam International Seaport to nation Friday

This comes after Karan Adani, managing director, Adani Ports and SEZ, indicated that the group will invest ₹20,000 crore more in Vizhinjam Port in addition to the already invested ₹5,000 crore

Adani Group plans to invest Rs 30,000 cr in Kerala in next 5 years

Adani Group will invest Rs 30,000 crore in Kerala in the next five years, a top executive said on Friday. The diversified group that is developing the Vizhinjam port and operating the airport at Thiruvananthapuram, will be developing a logistics and e-commerce hub as well as expanding its cement manufacturing capacity in the state. The group is developing the Vizhinjam port and has already invested Rs 5,000 crore. "We are committing an additional investment of Rs 20,000 crore," Adani Ports & SEZ Ltd Managing Director Karan Adani said at the Invest Kerala Global Summit here. He said the group will be expanding the capacity of the Thiruvananthapuram airport from 4.5 million passengers per annum, to 12 million passengers per annum with an investment of Rs 5,500 crore. Also, a logistics and e-commerce hub will be set up in Kochi and the cement manufacturing capacity will be increased in Kochi, he added. In total, Adani said the group will invest Rs 30,000 crore in the next five years

Kerala CM urges PM to withdraw decision on VGF for Vizhinjam Port Project

Chief Minister Vijayan pointed out that the Centre's stance deviates from the general VGF guidelines, which classify it as a one-time grant, not a repayable loan

Kerala CM accuses Centre of vindictive attitude on Vizhinjam sea port VGF

Coming out strongly against the Union Government's stance that the Viability Gap Fund (VGF) for the Vizhinjam Seaport project should be repaid in installments, Chief Minister Pinarayi Vijayan on Monday accused the Centre of maintaining a vindictive attitude towards the state. Addressing the media here, the Chief Minister said that, in a letter responding to the state's request to reconsider the decision on the VGF, Union Finance Minister Nirmala Sitharaman had reiterated the Central Government's stance that the allocation for Vizhinjam should be treated as a loan, not a grant. The Chief Minister criticised the decision, calling it a deviation from the Central Government's long standing policy on VGF grants. Even when VGF was allocated for the Kochi Metro, there was no stipulation for repayment, and the new criteria set exclusively for Kerala contradict the standard guidelines of the VGF, he alleged. The central government has never imposed a repayment condition on any project that

Vizhinjam Port set for December commissioning; Kerala govt extends timeline

Kerala Chief Minister Pinarayi Vijayan on Thursday announced the signing of a supplementary concession agreement with Adani Vizhinjam Port Pvt Ltd, extending the project timeline by five years. The Vizhinjam International Seaport is now slated for commissioning in December 2024. The project, envisioned as a transformative step in Kerala's maritime infrastructure, will see its second and third phases nearing completion by 2028. These phases will involve an additional investment of Rs 10,000 crore, expanding the port's capacity to 30 lakh Twenty-foot Equivalent Units (TEU). "We have entered a supplementary concession agreement with Adani Vizhinjam Port PVT LTD on @PortOfVizhinjam to extend the project period for 5 yrs & commission the port by December. As the 2nd & 3rd phases near completion by 2028, an investment of ?10,000 crore will be made, expanding the port's capacity to 30 lakh TEU," Vijayan said in a post on 'X'. "This milestone underlines our commitment to comprehensive

India's first transshipment port Vizhinjam nears operational launch

The Vizhinjam port will also be the first mega port to come up since 1999 when Mundra began operations

New harbour of hope: Country's first transshipment port sets sail

Adani Group's Vizhinjam International Seaport, the country's first semi-automated container port, is poised to receive its first container vessel from Maersk

Kerala CM Pinarayi Vijayan flags-in first ever ship into Vizhinjam port

Kerala Chief Minister Pinarayi Vijayan on Sunday flagged-in the first ever ship at the Rs 7,700 crore deep-water international Vizhinjam port here. Vijayan, joined by Leader of Opposition in the assembly V D Satheesan, Minister of State for External Affairs V Muraleedharan, Congress MP Shashi Tharoor and various state ministers, waved a green flag signalling the tugboats to push the huge Chinese ship -- Zhen Hua 15 -- from the wharf to the docking yard. The tugboats pushing the vessel, which carries huge ship-to-shore and yard cranes, also gave it a water salute. As the vessel touched the dock, firecrackers were burst and balloons released to welcome it. Hundreds of people, across all age groups, arrived at the port area to see the ship arrive at the dock. Zhen Hua 15 -- which began its journey from China at the end of August, was scheduled to dock at Vizhinjam on October 4, but its journey got delayed due to bad weather conditions along its route. On reaching Indian coastal wate

Adani's new mega port at Vizhinjam can lure world's biggest ships to India

Located near the southernmost tip of the country, the Vizhinjam transshipment container port will allow India to grab a bigger slice of the international maritime trade currently dominated by China