Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Adani Group’s flagship
Mundra Port boosted its market share of Indian containerised trade to 34% last
fiscal year (2023-24), from 31% year-over-year, according to exclusive data
obtained by Container News. Mundra competes with NhavaSheva Port
for north-western cargo, which makes up the bulk of Indian box volumes.To amplify the growth pace for Adani,
Mundra has seen container volumes increase from 2.7 million TEUs in 2014-15 to
7.4 million TEUs in 2023-24, registering a compound annual growth rate (CAGR)
of 12%.
On the other hand,
NhavaSheva Port (JNPT) has expanded volumes at a significantly slower rate -–
from 4.5 million TEUs to 6.4 million TEUs, a CAGR of 4%, data shows.
That phenomenal growth for Mundra comes despite its
high tariff rates. Mundra’s vessel and-container-related charges are
substantially higher than those at the leading terminals in NhavaSheva,
according to anecdotal data.
According to local industry voices, greater
efficiency and stronger hinterland cargo advantages are driving Mundra's growth
journey.
Additionally, Adani’s strategic terminal
partnerships with liner giants CMA CGM and MSC yields significant volume gains
for Mundra. The port saw 1.7
million TEUs of transshipment cargo-handling in fiscal 2023-24.Steady cargo
shifts away from government ports could threaten volume targets for India’s
older build-operate-transfer (BOT) terminal operators, who have concessions
that mandate high royalty share obligations towards their landlord port
entities.
“Clearly, the company’s business model of
end-to-end service, strategic partnership with key customers, leveraging the
network effect through its string of ports, and focus on operational
efficiencies is yielding results,” said Ashwani Gupta, whole-time director and
CEO at APSEZ in a recent statement.He further said: “We continue to invest heavily in
the business to drive growth, particularly in the logistics segment.”Gupta went
on to add: “Our newly launched trucking segment enables APSEZ to provide the
last-mile connectivity solution to its customers. Our efforts towards
sustainable business growth are well recognized in the top decile ESG rating
from four global rating agencies.”
APSEZ is also betting
high on its new container transhipment terminal at Vizhinjam Port in southern
India. The terminal recently kicked off trial operations, ahead of its official
launch shortly.“Once we complete the
automation and the Vessel Traffic Management System, Vizhinjam will be in a
class of its own as one of the most technologically sophisticated transshipment
ports in the world," APSEZ managing director Karan Adani noted.
"No other port in
India - including our own highly advanced Mundra Port - has these
technologies,” he added.
