Mundra Port makes history by handling the largest container ship in India (14,000 TEUs Container vessel – The Game Changer)
Mundra, Gujarat, June 04, 2013: 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 today handled the largest container vessel up to now with nominal capacity of 14,036 TEUs*, the first of its kind to call at any Indian port, thereby making history in the Indian maritime sector.
M.V. MSC Valeria, owned by Swiss-based MSC Mediterranean Shipping Company, a leading global shipping line, with overall Length of 365.5 meters (1,199.2 feet) was delivered to MSC in June’2012 and is currently deployed in MSC’s Asia-Mediterranean Dragon service.
MSC Mediterranean Shipping Company S. A., of Geneva, is a privately owned shipping line and presently the second largest Container Shipping Line in the world. As of end-May 2013, MSC was operating 451 container vessels with an intake capacity of 2,281,000 TEU's. MSC is the leading provider of direct port calls, serving the 6 continents and calling at 316 ports through 200 direct and combined weekly liner services.
Mundra Port, the flagship port of Adani Ports, ranks 2nd amongst Indian ports in terms of total cargo handled during financial year 2013.Adani Ports has developed and operates three container terminals at Mundra, Gujarat. MSC Valeria berthed at the new container terminal, which has one of the deepest water depth in India and extensive related infrastructure including state of the art container cranes.
“Considering the current global economic scenario, especially in the shipping and logistics sector, delivering cost efficient services to customers will be the single most important factor to the trade. I believe that by bringing 14,000 TEUs ship in India and Mundra specifically, we will certainly open a new chapter in container business of our country, which in turn will create new opportunities in the sector proving to be the game changer. India will now feature on the global route for large container shipping business.
Traditionally an average container ship size is less than 4,000 TEUs* in India. The 14,000 TEUs vessel will reduce the cost significantly. I believe that this cost reduction to customers can give Mundra Port an opportunity to become a hub port for servicing not only other West and east Coasts Indian Ports but also potentially cater to the Middle-East and African markets.
Having such facilities, APSEZ will have an advantage for container business especially for North and Central India hinterland through its ports at Mundra and Hazira. There exists in other parts of the world i.e. in Los Angeles, USA, a hub port serving other ports of America. Also in future 14,000 TEUs vessel will sail through Panama Canal and it can be visualized that India too can have similar hub port facilities and infrastructure” said Mr. Gautam Adani, Chairman Adani Group.
There are not more than 35 ports in the world where 14,000 TEUs container vessels can be handled.
The Mundra Port has well established rail connectivity to North and West India. Itis also connected by a railway line that is capable of handling long haul rails and double stack containers to the northern hinterland of India. The group also operates ICD at Patli and Kishangadh.
*: Source Alphaliner.
About The Adani Group
The Adani Group is one of India’s leading business houses with revenue of over $8 billion.
Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies.
We live and work in the communities where we operate and take our responsibilities to society seriously. The Group protects biodiversity in ecologically sensitive areas like Mundra and undertakes initiatives to reduce CO2 emissions. At Adani, we deliver benefits to our customers and customers’ customers.
Resources means obtaining coal from mines and trading; in future it will also include oil and gas production.
Adani is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. Currently, we are one of the largest coal importer in India. We also have extensive interests in oil and gas exploration. Extractive capacity is scheduled to increase from 4 MMT of thermal coal in 2013 to 200 MMT per annum by 2020.
Logistics denotes a large network of ports, Special Economic Zone (SEZ) and multi-modal logistics - railways and ships.
Adani owns and operates four ports – Mundra, Dahej and Hazira in India and Abbot Point in Australia. The Mundra Port, which is the largest private port in India, benefits from deep draft, first-class infrastructure and SEZ status. Adani is also developing ports at Mormugao, Visakhapatnam and Kandla in India.
Energy involves power generation & transmission and gas distribution.
Adani is the largest private thermal power producer in India. Our power generation capacity is expected to increase from 5,320 MW at the start of 2013 to 9,280 MW by the end of 2013.
We are currently developing six power projects for generating 16,500 MW of power across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh.
Adani Ports and Special Economic Zone Limited is making a public offer of its Equity Shares only to Eligible QIBs by way of an institutional placement programme and has filed a Red Herring Prospectus with the RoC. The Red Herring Prospectus is available on the website of the Company at www.adaniports.comand at the website of SEBI at www.sebi.gov.in and the Stock Exchanges at www.nseindia.com and ww.bseindia.com. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the Red Herring Prospectus. These materials are not for distribution, directly or indirectly, in the United States (including its territories and possessions, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Equity Shares mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The Equity Shares may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of securities in the United States.