Adani is eyeing bringing in some of the world’s
largest ships to the port.
According to a report in Bloomberg, this investment,
first-of-its-kind in Vizhinjam port in Kerala, is part of the second phase of
the project, expected to finish by 2028.
It is wooing the biggest container lines such as MSC Mediterranean Shipping Co,
AP Moller - Maersk A/S, and Hapag-Lloyd to call in at the port.
Meanwhile, Shares of Adani Ports edged lower on Thursday. The
stock settled at Rs 1,484.55 on BSE, down 0.19 per cent. The Adani group stock
has climbed 41.65 per cent year-to-date and 105.02 per cent in the past one
year.
The port welcomed ‘San Fernando’, Maersk’s vessel, with over
2,000 containers. The ship was welcomed
with the traditional water salute, after which she was berthed successfully.
“Historic Day as Vizhinjam
welcomes its 1st container vessel! This milestone marks India's entry into
global transshipment and ushers in a new era in India's maritime logistics,
positioning Vizhinjam as a key player in global trade routes. Jai Hind!” said
Adani on social media.