CMA CGM, Adani Ports ink deal to run Mundra Port’s container terminal

BY Our Correspondent28 April 2017 1:23 AM GMT

Apr 28, 2017: France-based shipping group, CMA CGM has signed a joint venture agreement with Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, to operate a new container terminal at Mundra Port. The company will be operating the port’s new container terminal for next 15 years with an option to extend it twice for 10 more years.

Rodolphe Saadé, chief executive officer, CMA CGM, said, “We have been present in India for over three decades now. This joint venture with Adani Ports reinforces our position in one of the world’s fastest growing economies and highlights our firm belief in the potential growth of trade between India and the rest of the world.”

Karan Adani, CEO, APSEZ, said, “This is a notable milestone for us, as with the commissioning of this terminal, Mundra port will become India’s largest container-handling port. This strategic partnership with CMA CGM in the Container Terminals business brings significant value to Mundra port. With this new development, Mundra port is perfectly primed to set the bar even higher on the crucial parameters of efficiency, productivity and faster turnaround times for larger vessels, which will directly translate into competitive advantages for our customers.

Mundra port continues to be conscious of its environmental responsibilities and has installed world class equipment, which vastly reduces air and noise pollution.”

The two partners have completed the CT4 project three months ahead of schedule, making Mundra Port the largest container-handling port in the country. The port was already the country’s number one multi-purpose port facility. CT4 will be the only container terminal on the west coast of India where the world’s largest container ships can call.

CT4 has four units of 65 tonnes capacity of Rail Mounted Quay Cranes capable of handling 18,000 TEU vessels and Super Post and Ultra Large Container Vessels and an annual capacity of 1.3 million TEUs.

The terminal spans over 27 hectares, with a 650-meter long quay and a draft of 16.5 meters. The yard equipment will include twelve 41 tonne lift rubber tyred container gantry cranes which will accommodate seven rows of containers and one operational lane.