Marine Link
Tuesday, March 19, 2024
SUBSCRIBE

Mundra Port News

21 Sep 2021

India Seizes $2.7 Billion of Afghan Heroin from Containership at Mundra Port

© zhu difeng / Adobe Stock

Indian officials said on Tuesday they had seized nearly three tonnes of heroin originating from Afghanistan worth an estimated 200 billion rupees ($2.72 billion) amid the chaos following last month's takeover of the country by the Taliban.Afghanistan is the world's biggest illicit opiate supplier, but since taking power, the Islamist Taliban have said they plan to ban the drug trade, without giving details on how.Two people had been arrested in connection with the haul and investigations were ongoing…

20 Jul 2021

Adani to Offer 50% Discount on Charges to LNG-fueled Ships at Mundra Port

Mundra port - (File Photo: Adani)

The Adani Group will offer a 50% discount on charges to liquefied natural gas (LNG)-fuelled ships at Mundra, India's largest commercial port, according to a notice seen by Reuters, as the country seeks to cut emissions under its green ports plan.Using LNG to fuel ships allows a significant reduction in CO2 as well as of other forms of pollution compared with conventional shipping fuel."Port will offer 50% discount on Port Dues, Pilotage and Berth hire charges," the notice to shippers…

18 May 2021

Cyclone Tauktae: Rescue Op Launched for 81 Offshore Oil Workers after Barge Sinks off Mumbai

Credit: Indian Navy Spokesperson Twiter / Screenshot

The Indian Navy mounted a massive air and sea rescue mission on Tuesday for 81 missing oil workers and crew whose barge sank in heavy seas following a powerful cyclone that tore up the west coast of the country.Around 180 of those on board the barge were rescued from the water as it sank off Mumbai. Efforts had started to move crew stuck on a second barge that was driven aground by the storm, the navy said."There are waves of 20 to 25 feet, the winds are high and the visibility is low," said navy spokesman Vivek Madhwal.

24 Mar 2021

First Crude Cargo from Guyana to India Sets Sail

Liza Destiny FPSO, Guyana's only offshore oil production facility (File photo: Hess Corp)

The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday.India has asked refiners to speed up the diversification of imports to cut their dependence on Middle Eastern crudes after OPEC+ this month decided to extend production cuts through April, two sources said.As OPEC's share in India's oil imports fell to historic lows between April 2020 and January 2021…

29 Aug 2019

India's Ports on Alert for 'Underwater' Attacks

Visakhapatnam port is a second largest port by cargo handled in India. (Image Credit: AdobeStock / © SNEHIT)

India's two main ports said on Thursday they had been warned by the coastguard and intelligence officials that Pakistan-trained commandos have entered Indian waters to carry out underwater attacks on port facilities.The Mundra Port, run by Adani Ports and Special Economic Zone Ltd, and the state-owned Kandla Port had asked their employees and ship operators to be vigilant, port officials and the ports said in advisories seen by Reuters.Tensions between India and Pakistan have escalated since India revoked the special status of its portion of the Himalayan region of Kashmir on Aug.

18 Feb 2018

Mundra Port, Port of Montreal Sign Cooperative Agreement

On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices. Mundra Port is India’s largest commercial port. A diversified port, it handles liquid and dry bulk and more than three million TEUs in annual container traffic. It is operated by Adani Ports and Special Economic Zone Limited (APSEZ). Vice-President, Growth and Development at the MPA Tony Boemi: “Asia, and especially India, is an emerging market with enormous potential. It and the Port of Montreal are already solidly connected thanks to container services.

13 Aug 2017

Adani Ports Net Dips 14% in Q1

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.

06 Aug 2017

IOC to Acquire 50% Stake in Mundra Terminal

India's state-owned Indian Oil Corporation Ltd. on Friday said it will acquire up to 50 percent stake in Adani Group-backed Gujarat State Petroleum Corp (GSPC) Mundra LNG import terminal in Gujarat for an estimated INR 756 crore (USD 118 million). According to the Press Trust of India, GSPL LNG is a joint venture of Gujarat State Petroleum Corp and Adani Enterprises. Adani and GSPC are equal partners in GSPL LNG. The board of India’s largest oil firm gave “in-principle approval for acquiring up to 50% equity in GSPL LNG Ltd, which is setting up a 5 million tons per annum LNG terminal at Mundra Port in Gujarat”, the company said in a statement. GSPL LNG Ltd will hold the remaining 50% stake in the LNG terminal that is nearing completion. IOC did not specify the deal value.

16 Nov 2016

Adani Ports Adds Three RMGCs in Mundra

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.

08 Nov 2016

Adani Ports Organize Trade Meet in Rajkot

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…

15 Sep 2016

Mundra Port handles its largest Vessel

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.

10 May 2016

Record Coal Handling by Mundra Port

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.

10 Mar 2016

Maersk Line Enhances Mesawa Service

Maersk Line has announced its improved Mesawa service with direct calls into Pointe Noire in Africa. With this service, Maersk Line intends to reduce the transit time on the trade route. This service offers a reliable & efficient link between India and Africa. Mr. Franck Dedenis, Managing Director for Maersk (India and Sri Lanka), said, “This enhanced Mesawa service reiterates Maersk Line’s commitment to bringing tremendous value to our customers.

12 Feb 2016

Adani Ports Income Up by 15%

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.

07 Jan 2016

Adani Ports to Expand Terminal with MSC

Adani Group turns its flagship port and India’s biggest commercial port at Mundra in Gujarat into a regional transhipment hub by partnering with Terminal Investment Ltd SA, the container terminal operating company majority owned by Geneva-based Mediterranean Shipping Co. SA (MSC), the world’s second biggest container shipping line. Adani Ports & SEZ Ltd (APSEZL), part of the Adani Group, said it will expand its existing terminal International Container Terminal Private Limited (AICTPL) at Mundra port to develop it into a transshipment hub. AICTPL is a 50:50 joint venture with Terminal Investment Ltd. "The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India.

06 Jan 2016

Adani, Terminal Investment to Create Transhipment Hub at Mundra

Adani Ports & SEZ Ltd (APSEZL), part of the Adani Group, today said it will expand its existing terminal Adani International Container Terminal Private Limited (AICTPL) at its flagship Mundra port. AICTPL is a 50:50 JV with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company S.A, the second largest shipping liner in the world. The expansion is being carried out to create a transhipment hub for the Middle East, South Asia and India. Upon completion, AICTPL will emerge as India’s largest container terminal with a total quay length of 1,460 meters and cargo handling capacity of 3.1 million TEUs. It will be equipped with 15 super post panamax quay cranes, capable of handling 18,000 TEU container vessels at the terminal.

29 Dec 2015

CMA CGM - Adani Mundra Terminal Gets New Cranes

The first set of seven new Terminal Equipment which includes 4 QUAY and 3 RTG Cranes for its new Adani CMA Mundra Terminal ( ACMT) has reached Adani Ports and Special Economic Zone. ACMT is an equal joint venture with French container line CMA CGM SA and  Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator —the fourth—at Mundra port in Gujarat. The equipment was brought in by ZPMC vessel ZHEN HUA25 its unloading took six days. The four  RMQC super post-Panamax rail-mounted quay cranes are with twin-lift capability and three rubber-tire gantry cranes that will allow the port to handle its increasing throughput at a time of weak demand. ACMT, the fourth container facility at Mundra Port, is expected to start operations in the first half of next year.

08 Dec 2015

Bright future for Bunkering at Indian Ports

Hinode’s 5th Annual conference on the Outlook for bunkering and Marine Lubricants in India clearly acknowledged the fact that India was well on its way to becoming a Bunkering destination. Lack of infrastructure, duties, quality of bunkers, etc., were issues now in the process of getting resolved and the government was actively engaged in putting necessary infrastructure in place. With the evolving scenario speakers at the conference agreed that ample opportunities exists for players to make it big in the bunkering business. The conference drew record participation with a wide response not just from India but also from South East Asia, Middle East and Far East and other countries.

03 Nov 2015

Adani Ports profit up 16%

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.

20 Oct 2015

Adani Ports to Handle IPGA's Pulses

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.

14 Aug 2015

APSEZ, NCML Ink Management & Services Deal

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.

11 Aug 2015

Dahanu Port to Compete Mundra: Devendra Fadnavis

Maharashtra Chief Minister Devendra Fdnvis has said that the state's proposed port in terms of traffic in Palghar Dahanu district will compete with the port in Gujarat Mundda, reports PTI. "There is natural draught of 20 metres to receive bigger ships. A feasibility study for a satellite port has been completed internally. At present, there is only one big port in Maharashtra — JNPT. The new port will be an alternative to JNPT to decongest ship movement," Fadnavis said. The Dahanu port is being positioned as a multi-cargo port and aimed at decongesting the country's largest container port Jawaharlal Nehru Port Trust (JNPT). State-owned JNPT and the Maharashtra Maritime Board had earlier signed an agreement to build the port, which will have a capacity of up to 100 million tonnes.

10 Aug 2015

Adani Ports Consolidated PAT for Q1FY16 Up 13%

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 ended June 30, 2015. Consolidated cargo across all ports handled by the company was 40 MMT in Q1FY16, an increase of 17%,over corresponding quarter last year. In case of containers, the Mundra port handled 748,000 TEUs in Q1FY16 as against 681,000 TEU’s in corresponding quarter last year resulting in a 10 % growth as compared to growth of 3% aggregate growth in container volumes at all the major ports. Our twin ports of Hazira and Dahej handled cargo of 5.42 MMT in Q1FY16 thereby showing a growth of 22%.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week