Adani Group, India’s largest port infrastructure developer, has announced the formation of a joint venture with ocean carrier Mediterranean Shipping Co. to operate the Adani International Container Terminal at Mundra Port.
The company did not disclose further details of the deal.
The Ahmedabad-based group launched the container terminal, one of three at the port, in August 2012. AICT has a total quay length of 2,658 feet, a 57-foot draft, six rail-mounted quay cranes and 14 rubber-tired gantry cranes, offering an annual throughput capacity of 1.5 million 20-foot-equivalent units in the first phase.
“The new container terminal will be a regional hub with transshipment of international cargo being performed,” group chairman Gautam Adani said.
Mundra Port handled a record 82.13 million tons of cargo in fiscal year 2012-13, up 21 percent from 2011-12, with box volume jumping 14 percent to 1.74 million TEUs.