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CMA CGM, Adani Ports to operate new container terminal in India

LBR Staff Writer Published 28 April 2017

France-based CMA CGM has entered into a joint venture (JV) agreement with Adani Ports and Special Economic Zone (APSEZ) to operate a new container terminal (CT4) at Mundra Port in India.

Under the deal, the partnership will operate new container terminal for a period of 15 years with a chance of extending it twice for another 10 years.

APSEZ, a port infrastructure developer, is a subsidiary of the Adani Group.

According to CMA CGM, the two partners have completed the CT4 project three months ahead of schedule, which is claimed to be the largest container-handling port in the country.

CT4 is the only container terminal on the west coast of the country, which can accommodate the world’s largest container ships.

The container terminal features four units of rail mounted quay cranes with 65 tonnes capacity that can handle 18,000 TEU vessels, as well as super post and ultra large container vessels.

CT4 has an annual capacity of 1.3 million TEUs.

Mundra Port is situated on the north shores of the Gulf of Kutch near Mundra, Kutch district, Gujarat.

APSEZ CEO Karan Adani 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.”

Image: France-based CMA CGM and India-based Adani Ports and Special Economic Zone partner for a new container terminal in India. Photo: courtesy of CMA CGM.