Shipping - Page 17

The revision reflects Fitch's assessment of easing contagion risk for APSEZ, noting that the group has access to funding sources.

APSEZ revenue for FY26 is expected to be ₹36k - ₹38k cr and EBITDA is projected to be in the range of ₹21k - ₹22k cr.

The collaboration will modernise the port's facilities, enabling it to accommodate larger vessels.

The growth was driven by a surge in container volumes which is a substantial 24% YoY.

The shipbuilding industry is allocated 20% of this capital. India aims to rank in the top five worldwide by 2047.

The collaboration seeks to drive greener, more efficient coastal logistics and accelerate India’s maritime transformation.

A series of MoU was also signed for major port infrastructure upgrade in Odisha.

Agreements worth ₹55,000 crore mark India’s push for sustainable ports, shipbuilding, and digital growth.

Domestic demand constitutes 65-70% of revenue for fleet operators, helping to offset growth in export-related traffic

The purpose of this MoU is to explore collaboration in existing and upcoming infrastructure development.

The ships will be delivered between 2029 and 2031 and will be registered under the Indian flag.

The objective is to improve cargo handling through mechanisation.