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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) is %u20B91100.21 million as compared to %u20B91170.51 million in Q3FY20.

APM Pipavav reports ₹1,984 mn revenue, ₹587 mn net profit for Q3

19 Feb 2021 4:04 PM IST
February 19, 2021: APM Terminals Pipavav (Gujarat Pipavav Port) reported a consolidated net profit of ₹587.24 million for the third quarter ended...
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DPL is the 12th port to join APSEZ%u2019s string of economic gateways across the eastern and western coast of India.

Adani Ports acquires Dighi Port for ₹705 cr; will invest ₹10,000 cr

19 Feb 2021 3:19 PM IST
February 19, 2021:  Adani Ports and Special Economic Zone completed the acquisition of Dighi Port (DPL) for ₹705 crore on February 15, 2021. The...
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Praveen Joseph, chief executive officer, DP World Cochin

DP World Cochin completes 10 years with highest-ever monthly throughput

18 Feb 2021 4:34 PM IST
February 18, 2021: DP World operated International Container Transshipment Terminal (ICTT) at Cochin has completed 10 years and that comes with the...
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Furthermore, Maersk announces that all future owned newbuilt vessels will be able to operate on carbon neutral fuels.

Maersk to operate world’s first carbon-neutral vessel by 2023, not 2030

17 Feb 2021 4:45 PM IST
February 17, 2021: Fast-tracked by advances in technology and increasing customer demand for sustainable supply chains, A.P. Moller - Maersk...
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As part of a joint plan, the two ports have definedthree strategic priorities %u2013 sustainable growth, resilience and leadership in the energy and digital transition.

Antwerp, Zeebrugge ports to merge; will have 278 mn tonnes capacity

15 Feb 2021 1:36 PM IST
February 15, 2021: The City of Antwerp and the City of Bruges in Belgium have reached an agreement to merge their respective ports which is expected...
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APSEZ acquired Krishnapatnam Port in October 2020, which is now consolidated; hence the financial numbers of Q3 FY21 are not comparable to Q3 FY20.

APSEZ records 16% YoY PAT growth to ₹1,577 crore in Q3

12 Feb 2021 12:44 PM IST
February 12, 2021: Adani Ports and Special Economic Zone (APSEZ, a part of globally diversified Adani Group announced its operational and financial...
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While the demand surge in the second half of year created supply chain bottlenecks, including vessel and container shortages, and led to higher rates that contributed approximately $1.5 billion to results,

Maersk reports 44% EBITDA growth to 8.2 billion in 2020

11 Feb 2021 3:44 PM IST
February 11, 2021: Despite low volumes during most of 2020, A.P. Moller – Maersk’s profitability grew throughout the first nine months and ended the...
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The new bill has proposed a simplified composition of the Board of Port Authority which will comprise of 11 to 13 members from the present 17 to 19 members representing various interests.

India passes Major Port Authorities Bill to establish landlord port model

11 Feb 2021 12:59 PM IST
February 11, 2021: Indian Parliament on Wednesday passed the Major Port Authorities Bill, 2020 that aims at decentralizing decision making and infuse...
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Vikash Agarwal will join the organisation on March 1, 2021 and will work closely with Steve Felder who will step down at the end of March 2021 to explore new opportunities within A.P. Moller %u2013 Maersk.

Maersk appoints Vikash Agarwal as new MD for South Asia from March 1

8 Feb 2021 3:31 PM IST
February 8, 2021: Maersk has appointed Vikash Agarwal as its new managing director, Maersk South Asia and he will join the organisation on March 1,...
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Sanjay Sethi, IAS, chairman, JNPT

 JNPT records 9% YoY container growth in Jan 2021 with 465,084 TEUs

5 Feb 2021 5:45 PM IST
February 5, 2021: Jawaharlal Nehru Port Trust (JNPT) handled 465,084, twenty-foot equivalent units (TEUs) in January 2021, clocking a growth of 9.14...
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Ryan Best will assume responsibility in the leadership team of Maersk West Central Asia starting April 2021.

Maersk appoints new regional head of logistics in West Central Asia

1 Feb 2021 12:52 PM IST
February 1, 2021: Maersk has appointed Ryan Best as new regional head of logistics & services for West Central Asia (WCA) effective April 2021.
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This was the second issuance for APSEZ and third for the port vertical company of Adani Group in the current financial year with total issuance amounting to over $1.50 billion.

Adani Ports raises $500 mn by selling bonds to overseas investors 

30 Jan 2021 1:25 PM IST
January 30, 2021: Adani Ports and Special Economic Zone (APSEZ), the ports & logistics company of Adani Group, priced a $500 million 10 years bullet...
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