The silent rise of India’s private ports
In August 2020, Karan Adani, chief executive officer of Adani Ports and Special Economic Zone (APSEZ) and scion to the Adani group, informed stock analysts on an earnings call that his flagship port Mundra, in the gulf of Kutch had become the busiest port in the country.
After nipping at the heels of its closest competitor for container traffic, JNPT (Jawaharlal Nehru Port Trust) at Navi Mumbai, for the last few years, Mundra finally pulled ahead in the first quarter of FY21, staging a faster recovery from the covid slump than the central government controlled JNPT could.
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Rate hikes and new charges show Mundra Port’s ability to dictate terms
April 08, 2021
A container terminal at Mundra Port in Gujarat (file photo) - REUTERS×
However, shipping lines have opposed the hike in marine charges at Mundra
Mundra Port, India’s biggest commercial port by volumes and the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ) is surging ahead year after year, but the hike in rates both on marine as well as rail side from April 1 reflects its ability to dictate terms to users on the back of its growing clout in ports.
APSEZ cranked up the rail handling charges at Mundra by double digits from $85 for a loaded 20-foot container to $110 and from $125 for a loaded 40-foot container to $165.
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Adani’s Mundra Port pips JNPT to become India’s biggest container port
April 06, 2021
A container terminal at Mundra Port in Gujarat (file photo) - REUTERS× Mundra Port, India’s biggest commercial port by volumes, has gained another distinction in container handling by overtaking State-run Jawaharlal Nehru Port Trust (JNPT) to become the leader by handling 5.65 million twenty-foot equivalent units (TEUs) in FY21, posting a growth of 18 per cent over the previous year.
JNPT handled 4.67 million TEUs in FY21, a decline of 7.04 per cent over FY20.
Overall Mundra port handled 144.4 million tonnes (mt) of cargo in FY21, clocking a growth of 4 per cent on a year-on-year basis.