Adani Ports moves more than 8.5 million TEU

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Adani Ports and Special Economic Zone Ltd (APSEZ) has handled 8.6 million TEU from April 2022 to March 2023, reflecting a 5 per cent year-on-year increase.

Adani Ports and Special Economic Zone Ltd (APSEZ) has handled 8.6 million TEU from April 2022 to March 2023, reflecting a 5 per cent year-on-year increase.

Approximately 6.6 million TEU were handled at Mundra Port alone.

Additionally, with 339 million metric tonne in the fiscal year of 2023 (April 2022 – March 2023), APSEZ recorded its largest port cargo volumes ever and a 9 per cent year-on-year growth.

The port operator also handled 32 million metric tonnes of total cargo in March 2023, reflecting a year-on-year growth of 9.5 per cent.

This is the first time since July 2022 that the volumes crossed the 30 million metric tonne mark.

Mundra continues to be India’s largest seaport with 155 million metric tonnes of total cargo handled during the year, according to APSEZ.

The container rakes handled during the year for Adani Ports also achieved a new milestone crossing 500,000 TEU, reflecting a 24 per cent year-on-year increase.

READ: Mundra Port sets monthly vessel handling record 

APSEZ reported that among India’s ports that can handle cape-size vessels with deeper drafts, Krishnapatnam Port has the highest departure draft recorded in Indian maritime history.

A fully loaded cape-size vessel, MV NS HAIRUN, with a maximum draft of 17.85 metres sailed out from the port with 168,100 metric tonnes of iron ore.

It also received the largest parcel size of gypsum MV SHINYO GUARDIAN with 163,781 metric tonnes.

Mundra handled the deepest container vessel – MSC WASHINGTON with an arrival draft of 17.0 metres – ever handled by any Indian port, and the largest vessel, MSC FATMA, with a vessel length of 366 metres and carrying capacity of 15,194 TEU.

READ: Adani Ports net profit dips 16 per cent amid rise in volumes

Adani Ports has made a number of investments in the past fiscal year that have contributed to its performance.

In October of last year, Adani received approvals from NCLT Ahmedabad and NCLT Hyderabad for acquiring the remaining 58.1 per cent stake in Gangavaram Port Limited (GPL).

More recently, Adani began construction works to develop the Western Container Terminal (WCT) at Colombo Port, which will be the fifth container handling facility at the port.

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