Port Developer News

For centuries, riverside communities, including the "quilombola" descendants of enslaved Africans who escaped from plantations and ranches, have shared Xingu Island in Brazil's Amazon Basin.Its inhabitants live in brightly painted wooden houses overlooking rivers where small boats crisscross between islands and Abaetetuba city on the mainland to trade fish, seeds and fruits gathered from the Amazon forest in their backyard.In 2016, however, strangers docked on Xingu Island, in Para state…

Crowley signed an agreement on Thursday with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub for offshore wind energy installations. Through Crowley’s Wind Services group, the company will enter into negotiations with the port to lease and serve as the port’s developer of the Humboldt Bay Offshore Wind Heavy Lift Marine Terminal. The services provided will support tenants in the manufacturing, installation and operation of offshore wind floating platforms…

The city of Haifa is set to become an increasingly significant east Mediterranean shipping hub, with Chinese and Indian firms buying into its ports as Israel normalizes ties with its Gulf Arab neighbors under a U.S. diplomatic push.Earlier this month, as U.S. President Joe Biden visited the Middle East, India's largest port developer Adani Ports and Israeli minority partner Gadot agreed to buy Haifa Port for 4.1 billion shekels ($1.18 billion).Its founder, Asia's richest man Gautam Adani…

Adani Ports and Special Economic Zone said its acquisition of Haifa Port with a local Israeli partner will boost trade lanes with the company's Indian ports and could better connect Europe and the Middle East in the longer term.After a two-year tender process, Adani Ports and local chemicals and logistics group Gadot clinched the 4.1 billion shekel ($1.18 billion) winning bid for Haifa Port, Israel announced on Thursday.Adani Ports will have a 70% stake and Gadot will hold the remaining 30%…

Kalmar  has supplied Shantou China Merchants Port Group Co., Ltd. with eight Essential Range Empty Container Handlers.According to a press note from the Cargotec group unit, the handlers have been delivered respectively to Huagang Container Branch and Container Service Branch under Shantou China Merchants Port Group Co., Ltd.The order was booked in Cargotec's 2019 Q1 order intake, it said.China Merchants Port Holdings Co. Ltd., a world-leading port developer, investor and operator, has established comprehensive port network covering the main hub ports along the coastal area of China, including the container hub ports distributed in Hong Kong…

India's largest port developer Adani Ports and Special Economic Zone (APSEZ) has agreed to pick up 97% stake in Marine Infrastructure Developer (MIDPL) from Larsen & Toubro at an enterprise value of Rs 1,950 crore ($284 million). According to a press release from the company, Kattupalli Port is one of the most modern ports in India emerging as Chennai’s New Gateway for EXIM trade in Chennai/Bangalore region and provides a whole new dimension of services with speed and sophistication. Amongst the many advantages of Kattupalli port is its unique location – it is located 30 kilometers towards north of Chennai and has connectivity with  hinterland of North Tamilnadu, Chennai,  Bangalore region and South Andhra Pradesh – locations which are highly industrialized.

Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer today said that it had breached the 0.5 Million TEU mark at Hazira Port in FY 2017-18, with year-end throughout touching 500,879 TEUs, corresponding to a remarkable growth rate of 20.7% over 2016-17. With an annual capacity of 1 million TEUs, 2 berths of combined length of 630 metres and quay-side infrastructure comprising 6 QC’s and 16RTG’s, the all-weather port with a deep draft has been able to attract main line services from the world’s largest container shipping companies. Hazira port is well positioned to serve as the ideal alternative gateway to the more established ports on the Western Indian coastline.

India's Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and the logistics arm of $12 billion Adani Group, saw a 13.65% fall in net profit at INR 710.25 crore (USD 111 million) for the first quarter ended June on account of higher tax. According to PTI report, APSEZ's consolidated revenue from operations for the quarter under review shot up 50 per cent to Rs 2,745 crore from Rs 1,827 crore in the like period year ago. Sequentially, net profit in Q1 was 39 per cent lower than Rs 1,164 crore last quarter while revenue was up 23 per cent from Rs 2,232 crore last quarter. APSEZ handled 50 tonne of cargo, including 6 tonne by its Australian arm Abbot Point Operations Ltd.

Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer, has recently made an addition of three new Rail Mounted Gantry Cranes (RMGC), for their container rail terminal in Mundra. The RMGCs, expected to be operational by this month end, was offloaded on October 7, as part of enhancing the handling capabilities of Inland Container Depot (ICD) bound containers in Mundra port. “Mundra is the only port in India having 21st century infrastructure. Adding these new RMG cranes will be a game changer for rail container operations, as this goes in line with the Chairman’s vision of supply driven infrastructure & automation for faster evacuation of containers and quick turnaround of container trains.

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator’s, container terminal, Mundra, recently organized a trade meet at Rajkot with the intent of showcasing the capabilities of Mundra Port and recent developments thereat, to their stakeholders. The event witnessed an attendance of over 140 representatives, covering the entire gamut of stakeholders in the supply chain, from major exporters of cotton, yarn, agri-products and engineering goods to shipping lines, CFS operators, Freight Forwarders and Customs House Agents. Mr. Shahzad Athar, GM, APSEZ - Container Marketing, addressed the audience, presenting an overview of Mundra Port…

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and the logistics arm of Adani Group, today announced another stellar operational and financial performance for the quarter and half year ended September 30, 2016. * Consolidated Operating Income registered a growth of 21 % from Rs. 1808 cr in Q2FY16 to Rs. 2183 cr in Q2 FY17. * Consolidated EBITDA increased by 23% from Rs. 1178 cr in Q2FY16 to Rs. 1451 cr in Q2FY17. * Profit after Tax grew by 61% from Rs. 678 cr in Q2FY16 to Rs. 1091 cr in Q2FY17. * EPS for Q2 FY17 was Rs. * In Q2 FY17, APSEZ handled Cargo of 43 MMT, a growth of 17 % Y o Y. * Consolidated Operating Income  registered a growth of 14 % from Rs. 3523 cr in H1FY16 to Rs. * Consolidated EBITDA increased by 14% from Rs.2295 cr to Rs.

Adani Ports and Special Economic Zone Limited (Adani Ports), one of India’s largest private port developer and operator and part of Adani Group, said its Mundra Port handled the largest parcel size vessel. Adani International Container Terminals Private Limited (AICTPL) Mundra recently set a new record for having achieved the highest number of moves on a single vessel call. Surpassing another record at Adani Mundra Port,  8307 TEUs (Twenty feet equivalent) were handled from MV. MSC Fillippa in 55.5 hours with an GCR of 28.31/hour. The container team was thus successful in surpassing their previous record of 7,504 TEUs from single vessel achieved in November 2015. The containers handled comprised both export and import containers, with the vessel turnaround in just over 57 hours. Mr.

Adani Kattupalli Port Private Ltd (AKPPL), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, has been certified by the Indian Customs in its Authorized Economic Operator (AEO) programme, with their AEO status being extended upto July 2020. AEO refers to a party involved in the international movement of goods, in any capacity, which has been approved by Customs. The Port of Kattupalli has successfully demonstrated their complete compliance with the stringent requirements that have to be fulfilled in order to attain the AEO status. As the process of AEO certification gains momentum…

Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer and the logistics arm of Adani Group, has announced operational and financial performance for the first quarter ended June 30, 2016. Consolidated total income (including other income) on a Y o Y basis increased by 11 % to Rs. 2084 cr. ($312 million). Our consolidated EBITDA margin is 64% and Ports EBITDA margin is 71%,both  continue to be the best in the industry. Cargo volume handled on a consolidated basis was 42.33 MMT in Q1 FY17, an increase of 7 % Year on Year (Y o Y) . We have once again outperformed all India port growth, while Indian cargo growth was 4 %, Adani Ports grew at 7 %.

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter and nine months ended December 31, 2015. Consolidated total income including other income increased by 15% to Rs.5,779 crores in 9MFY16 as compared to Rs.5,006 crores in the corresponding period last year and the consolidated EBIDTA excluding other income increased by 22% to Rs.3,421 crores in the current nine months as compared to Rs.2,806 crores in corresponding period last year. Consolidated total income increased by 11 % to Rs.1,896 crores in Q3FY16 as compared to Rs.1,704 crores in the corresponding period last year and the consolidated EBIDTA excluding other income increased by 15% to Rs.

Adani Kandla Bulk Terminal Pvt. Ltd. Adani Kandla Bulk Terminal Pvt. Ltd. (AKBTPL) under the concession agreement with Kandla Port Trust (KPT) has successfully over shot the MGT in its 1st year of operations itself. “We at Adani Group share our Chairman’s vision of achieving 200 Million Metric Tons cargo by 2020. This milestone will take us one more step closer to our vision” said Mr. Ennarasu Karunesan, CEO APSEZ Mundra & Tuna Ports. AKBTPL was inaugurated by Hon'ble Minister of Road Transport and Highways and Shipping, Government of India, Shri Nitin Gadkari, and commenced its operations on February 10, 2015. mechanized operation and technical expertise and achieving utmost satisfaction of their customers.

Adani Hazira Port Pvt. Ltd (AHPPL), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, recorded a container throughput of 3,02,755 TEUs (Y-o-Y growth of 96% for FY 2015 -16) which is the highest throughput since the inception of the container terminal operations at the port in April 2013. “This is a remarkable achievement by the Adani Hazira Container Terminal TEAM. Our focus will be to provide operational excellence with the highest level of safety and a customer centric approach. The strategic advantages of Hazira include world class infrastructure to handle container vessels & seamless rail and road connectivity to the cargo catchment centres in South Gujarat, Central India & Northern Maharashtra.

Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer and part of Adani Group, has announced the financial results for the fourth quarter and year ended March 31, 2016. Consolidated cargo across all ports handled by the company was 152 MMT in FY16, an increase of 5 percent, over corresponding period last year, including 3.35 million TEUs, up 17 percent from 2.87 million TEUs last year. Consolidated cargo for Q4FY16 stood at 37 MMT thereby continuing its leadership as the single largest commercial port in India. Consolidated total income increased by 16 percent to Rs. 7,941 crore in FY16 as compared to Rs. 6,838 crore in the corresponding period last year and consolidated EBIDTA increased by 19 percent to Rs. 4,651 crore in the current year as compared to Rs.

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and operator, today accomplished a discharge record of 1,64,914 metric tons of steam coal from vessel MV Marijeannie within 24 hours. MV Marijeannie carrying 1, 67,152 metric tons of steam coal for Adani Power Limited berthed at Mundra Port’s West Basin Port on 4 May 2016 by the port’s marine team. On this Milestone Mr. Ennarasu Karunesan CEO – APSEZ Mundra & Tuna Ports said “I would like to compliment my team for setting this record in India and the stake holders for having the trust in us. The current handling capacity of west port is 60 MMT of coal per annum. This record stands out as the fastest discharge rate in the history of any port in India.

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer and a part of Adani Group, a global integrated player, entered into a strategic partnership with National Collateral Management Services Limited (NCML), a major Agri-infrastructure player, for collateral management and warehousing services. The objective of these services will be to assist industries, traders, Importers and exporters in financing their capital requirements at all stages of the supply chain, ranging from Post harvest storage to export or Import stages. Mr. Sanjay Kaul , MD & Chief Executive Officer, NCML, signed the agreement with Capt Unmesh Abhyankar, Chief Executive Officer (Mundra Port) and Mr. Vipul Shah, Head –Sales and Mktg, Adani Hazari port in presence of Mr.

Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer and part of Adani Group, today said it had signed a Memorandum of Understanding (MoU) with the India Pulses and Grains Association, to handle pulses across its ports in the country. The MOU is intended to help develop a dedicated and efficient supply chain for pulses, using strategically located Adani Ports’ facilities to all key consumption centres in the country, ensuring the smooth and cost efficient availability of this key vegetable protein across the country. “Adani has developed world class facilities for an agricultural market place at its ports. We now have the largest dedicated covered warehouse space inside ports for Agri goods.

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced a 16 per cent increase in its consolidated net profit to Rs. 667 crore for the second quarter on increased income from operations. “Consolidated PAT for Q2FY16 increased by 16 per cent to Rs. 667 crores as against Rs. 574 crores in Q2 FY15,” APSEZ spokesman said. It had reported net profit of Rs. 573.52 crore for the second quarter, July-September, of the 2014-15 fiscal. Consolidated cargo across all ports handled by the company was 76 MMT in H1FY16, an increase of 10%, over corresponding period last year. Adani ports at Mundra handled 57 MMT cargo in H1FY16 thereby continuing its leadership as the largest commercial port in India.

Adani Ports and Special Economic Zone Ltd, (APSEZ), India’s largest port developer and part of the Adani Group, today formally began development of India’s first ever and ambitious international transhipment project in Vizhinjam, Kerala. It shall be completed within the stipulated time period of four years. Honourable Chief Minister of Kerala, Shri Oommen Chandy, along with Union Minister for Transport, Highways and Shipping, Shri Nitin Gadkari, Chairman of Adani Group, Mr. Gautam Adani and other dignitaries from the Government of Kerala laid the foundation stone at the ground breaking ceremony at the proposed international port site in Vizhinjam. The project will be Kerala’s first ever deep water container transhipment port. Speaking on the occasion, Mr.