Gujarat Pipavav Port Ltd News

APM Terminals Pipavav’s (Gujarat Pipavav Port Ltd) today posted a 60 per cent rise in standalone net profit to INR 59.75 crore for the first quarter ended June 30, 2016 on the back of lower expenses. The company had posted a net profit after tax of INR 37.23 crore for the same period a year-ago. Profit from operations for the quarter under consideration stood at INR 75.1 crore as against INR 74.6 crore in Q1FY16. EBIDTA for the quarter was at INR 100.2 crores and EBIDTA margin stood at 60%. The Container cargo business for the quarter stood at appx. 172k TEUs, Bulk business was at 600k MT and Liquid business was at appx. 128k MT. RoRo business was appx. 11k units for the quarter under review.

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) reports it has completed its capacity expansion project on time and within budget, increasing its annual container throughput handling capacity from 850,000 TEUs to 1.35 million TEUs. As part of the expansion plan, APM Terminals invested around Rs. 400 crore. The investment included buying new STS cranes, strengthening the existing berth, dredging and the improvement of the container yard and internal roads at the port. For the bulk cargo handling business segment…

APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of western India’s gateway ports, today announced the commencement of the INDFEX service at Pipavav. The INDFEX ( India – Far East Express ) is run in consortium with Wanhai, K-Line, Shipping Corporation of India, Pacific International Lines ( PIL ) & Simatech, with Wan Hai deploying two vessels, and the others deploying one each. The service provides a weekly connection between the Far East and India. The first vessel m.v. WANHAI 509 berthed at Pipavav at 1048 hours / 14 March, 2016. Officials of APM Terminals Pipavav accorded a grand welcome to the vessel and her crew, captained by Capt. Ma Ke Zeng. The operations were carried out successfully, using the new Post Panamax cranes, recently installed at the port.

APM Terminals Pipavav (Gujarat Pipavav Port Ltd), one of western India’s gateway ports,  announced having hosted the maiden call by leading RORO operator Höegh Autoliners vessel – m.v. HOEGH ANTWERP at Pipavav Port. HOEGH ANTWERP berthed at Pipavav Port in late January, 2016, to load Ford’s small and midsized cars, being exported from its Sanand plant in Gujarat. Officials of APM Terminals Pipavav, and the senior management of Hoegh Autoliners, India, were present to welcome the vessel, when it berthed. The Master of the vessel, Capt.

January 28, 2016: APM Terminals Pipavav (Gujarat Pipavav Port Ltd), operating one of western India’s gateway ports, reported a net profit of INR  533 million for the quarter ended 31st December 2015 as against INR 531 million in the previous quarter. Income from operations for the quarter ended 31st December 2015 stood at INR 1,521 million as against INR 1,404 million for the previous quarter. EBIDTA for the quarter was INR 1,001 million and EBIDTA margin stood at 61 %. Container cargo business for the quarter stood at 178K TEUs and Bulk business at 0.44 million MT during the quarter under review. Commenting on the results, APM Terminals Pipavav (Gujarat Pipavav Port Ltd), Managing Director, Mr.

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) one of Western India’s  gateway ports, announced the acquisition of three new cranes. The new cranes will be commissioned and 3 existing old cranes will be simultaneously decommissioned in a phased manner to ensure business continuity. The new cranes will help to complete the vessel operations faster, reduce the turnaround time and increase efficiency & productivity. Mr. Keld Pedersen, Managing Director, APM Terminals Pipavav said, “This is in line with our business expansion plan of increasing the capacity to 1.35 TEUs. We wish to continue to be prepared for growth and work closely with our customers in the EXIM trade’’

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) one of western India’s fastest growing gateway ports, has commenced a new weekly double stack rail service to the industrial center in Faridabad in north India’s Haryana State, near the Indian Capital City of New Delhi. The dedicated double stack operations, which can efficiently carry two containers placed one on top of another in specially designed rail cars, will be operated in association with Gateway Rail and NYK India. Known as "Sakura II", the service will operate between Pipavav Port and ICD-Faridabad (Piyala)/ICD-Garhi Harsaru, covering a distance of 1,015 km (630 miles) exclusively for Japanese NYK Shipping Line.

Gujarat Pipavav Port Ltd (APM Terminals Pipavav) announced the successful berthing of the largest container vessel with capacity of approximately 9,971 TEUs in the history of the port. Maersk Saltoro is the largest container ship (981 feet long) ever to call at APM Terminals, one of western India’s fastest growing gateway ports. "The berthing of Maersk Saltoro, at nearly 10,000 TEUs capacity, reaffirms APM Terminals Pipavav’s operational capabilities and infrastructure,” said Keld Pedersen, managing director of APMT Pipavav, in a written statement. The berthing of Maersk Saltoro is yet another testimony of the infrastructure capabilities APM Terminals Pipavav has built over the years in handling large vessels and cargo.

APM Terminals Pipavav (Gujarat Pipavav Port Ltd.), a gateway port in western India, has berthed the largest container vessel in the Port Pipavav’s history, the terminal announced today. Maersk Saltoro, a containership with approximately 9,971 TEU capacity and overall length of 299 meters, was berthed at Pipavav Port today by the port’s marine team. Part of first India’s first Public Private Partnership (PPP) Port, APM Terminals Pipavav said it has expanded its capacity for handling larger vessels and cargo, with infrastructure capabilities to handle container, bulk and liquid cargo.

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) and NYK Auto Logistics (India) today announced the commencement of RORO operations at Pipavav Port. Ford Motors India Pvt Ltd dispatched the first lot of its new Ford FIGO built in its Sanand plant in Gujarat for exports. The first RoRo vessel, m.v.Grand Dahlia, berthed at Pipavav on August 26 and loaded 1,300 vehicles. Officials from APM Terminals, NYK Auto Logistics and Ford Motors welcomed the vessel and marked the inauguration of RoRo operations with a simple ceremony held on board. The vessel departed this morning after successful completion of operations. APM Terminals Pipavav currently has three business verticals under its service portfolio which include container, bulk and liquid cargo.

Gujarat Pipavav Port Ltd. (APM Terminals Pipavav), operating one of western India’s fastest growing gateway ports, today reported a 16% jump in net profit for the fourth quarter ended 31st December 2014, as against INR 771 million in the corresponding quarter last year mainly driven by an increase in reefer cargo exports as well as increase coal and fertilizer imports. Commenting on the results, APM Terminals Pipavav Managing Director, Mr. Prakash Tulsiani said: “Our container cargo is in the same range as the corresponding quarter of the previous year as we had an exceptionally great Q4CY13. Bulk cargo increased 128%, mainly driven by higher coal and fertilizers. This year the Company is changing its accounting year from current Calendar Year to Financial Year April – March.

APM Terminals operated Gujarat Pipavav Port Ltd (APM Terminals Pipavav) and NYK Auto Logistics (India) today announced setting up of a dedicated automobile yard (RoRo) at Pipavav Port. Under the arrangement, NYK Auto Logistics (India) Pvt. Ltd. has been sub-leased land parcels by Gujarat Pipavav Port inside its premises for developing a dedicated common user integrated RoRo terminal with India’s first port based PDI and Vehicle Processing Center. Gujarat Pipavav Port will provide all the port and related facilities to the logistics operator for ensuring smooth and seamless flow of automobile cargo. The Yard is expected to be commissioned in Q2CY15. Commenting on the new business opportunity, Managing Director of APM Terminals Pipavav, Mr.

Operations at India's busiest port, Kandla, have been affected by the powerful earthquake which devastated western India on Friday, but small ports nearby survived the impact and are operating normally, according to shipping industry sources and government officials. M Pinto, secretary of the Shipping Ministry, said some godowns, or warehouses, at the Kandla port were badly damaged. A signal station at the port was also damaged but had resumed operating by late Friday. Normal operations at Kandla port could resume by Saturday or early Sunday after ensuring that the shipping channel serving the port is clear, he said. Kandla handles 17 percent of the cargo passing through India's 12 largest ports, according to shipping industry data.