Tuesday, July 2, 2013

Port and Container Shipping Line Launch New Indian Freight Terminal

Mundra Gets Third Box Facility
Shipping News Feature

INDIA – SWITZERLAND – Adani Ports and Special Economic Zone (SEZ) Ltd, part of the Adani Group, and the world’s second largest container shipping line, Swiss headquartered Mediterranean Shipping Company (MSC) have formed a joint venture to operate ‘Adani International Container Terminal Private Ltd’ (AICTPL), a new freight terminal in the South Basin at Mundra Port, Gujarat. The new terminal, the third container facility at Mundra Port, will have a capacity of 1.5 million TEU. Mr Gautam Adani, Chairman Adani Group, said:

"Adani Ports has been at the forefront of creating modern Port Infrastructure, catering to export/import and domestic needs for over 16 years. The new container terminal will enable the biggest and largest container vessels to seamlessly berth & operate at Mundra. With rapid access to North & West India hinterland, the trade will benefit from scale benefits of larger vessels calling at Mundra, in addition to proximity to hinterland markets, providing a compelling cost advantage to port users. The new container terminal will be a regional hub with trans-shipment of international cargo being performed.

"These facilities, along with other terminals in Mundra & Hazira are poised to serve the nation's sorely needed infrastructure shortages. Furthermore, Adani Ports will be expanding capacity to serve the nation's port infrastructure needs, providing International standards of capability and cost efficiency.”