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Adani Ports May Shut Krishnapatnam Box Terminal as Volumes Plunge
Containers in the port
Mr.G.Chandrasekar Dec 20 2023 Container Terminal News

Adani Ports May Shut Krishnapatnam Box Terminal as Volumes Plunge

KrishnapatnamPort,One hundred kilometers of North of Chennai was posing a threat

to the container business of Chennai’s cluster of port not long ago, But speculations are

rife in the industry circles that the container business of the port is likely to be closed

down due to declining volumes.

The Port in Southern Andhra Pradesh bordering Tamil Nadu has the capacity to handle

1.2 million TEUs per annum

The container terminal was taken over by the Adani port a few years ago and since then the container volumes have been dropping.APSEZ, took full control of Krishnapatnam Port, the country’s second biggest private port in 2021 for a value of Rs13,675 crores

Container cargo has reduced drastically at Krishnapatnam Port. APSEZ is yet to take a call on shutting the terminal,” said a shipping industry source with close ties to APSEZ. The terminalused to handle some 12,000 TEUs a month till last year. The volumes have dropped sharply since then.

Speculations in the industry circles is that Adanis may make Kattupalli and Ennore a cluster for containers while Krishnapatnam will focus on bulk and liquid cargo.