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Adani Ports to develop Mundra transshipment hub to challenge Mumbai
ADANI Ports & SEZ said it will expand its existing terminal Adani International Container Terminal (AICTPL) at its Mundra port to make it a transshipment hub to rival Mumbai, 841 kilometres to south.
AICTPL is a 50:50 joint venture with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company (MSC), the world's second biggest shipping line, reports the Hindu daily of Chennai.
Mundra Port is the largest private commercial port in India.
AICTPL expects to emerge as India's largest container terminal with a total quay length of 1,460 metres and cargo handling capacity of 3.1 million TEU. It will be equipped with 15 super postpanamax quay cranes, capable of handling 18,000-TEU containerships.
The expansion of AICTPL will position Mundra as a major transshipment hub in the country providing congestion-free and cost-effective solution. Construction has already commenced and the terminal will be commissioned in 15 months, the company said.
Adani CEO Karan Adani said Mundra will emerge as a major transshipment hub for west Asia, south Asia and India once expanded.
It will also trump Mumbai as the biggest container port in India with a cumulative capacity of 6.6 million TEU.
The expansion will also position Mundra as the largest container port in the country with four container terminals having a cumulative handling capacity of 6.6 million TEUs, spread over an area of 146 hectares.
AICTPL is a 50:50 joint venture with Terminal Investment Ltd, an arm of Swiss-based Mediterranean Shipping Company (MSC), the world's second biggest shipping line, reports the Hindu daily of Chennai.
Mundra Port is the largest private commercial port in India.
AICTPL expects to emerge as India's largest container terminal with a total quay length of 1,460 metres and cargo handling capacity of 3.1 million TEU. It will be equipped with 15 super postpanamax quay cranes, capable of handling 18,000-TEU containerships.
The expansion of AICTPL will position Mundra as a major transshipment hub in the country providing congestion-free and cost-effective solution. Construction has already commenced and the terminal will be commissioned in 15 months, the company said.
Adani CEO Karan Adani said Mundra will emerge as a major transshipment hub for west Asia, south Asia and India once expanded.
It will also trump Mumbai as the biggest container port in India with a cumulative capacity of 6.6 million TEU.
The expansion will also position Mundra as the largest container port in the country with four container terminals having a cumulative handling capacity of 6.6 million TEUs, spread over an area of 146 hectares.
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