State-owned, unlisted major ports are missing out on wealth creation

Two large mergers and acquisitions deals in the ports sector involving Adani Group in the last few days have shown what some of India’s big, unlisted state-owned ports, much bigger than Krishnapatnam and Gangavaram by volumes handled, are missing out in terms of wealth creation. Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest.

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VCT sets ship productivity record for a Maersk vessel

Visakha Container Terminal (VCT) has set a new ship productivity record of 110 moves per hour while handling the CHX service vessel Mexico, completing a total of 2113 moves in just 19.4 hours on 8 April 2021 with an average gross crane productivity of 28.8 moves per hour. The latest achievement of 110 moves per hour.

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CCI approves Adani Ports acquisition of 89.6% stake in Gangavaram Port

The Competition Commission of India (CCI) has approved billionaire Gautam Adani-controlled Adani Ports and Special Economic Zones Ltd’s acquisition of 89.6% stake in Gangavaram Port Ltd. Adani Ports and SEZ had earlier announced the acquisition of 58.1% stake in the port located in the northern part of Andhra Pradesh, next to Vizag Port, from D.V.S..

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India’s first FSRU Höegh Giant arrives at H-Energy’s Jaigarh Terminal in Maharashtra

India’s first Floating Storage and Regasification Unit (FSRU) has arrived at H-Energy’s Jaigarh Terminal in Maharashtra. A statement from H-Energy said the FSRU Höegh Giant, which sailed from Keppel Shipyard, Singapore, was berthed at Jaigarh terminal in Maharashtra on Monday. This will also be the first year-round Liquefied Natural Gas (LNG) terminal in Maharashtra, the statement added. The LNG.

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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.

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Betul port shelved, only denotification pending: Kavlekar

Reassuring locals that the proposed satellite port at Betul had been shelved, deputy chief minister Chandrakant ‘Babu’ Kavlekar said that all that remained is for the site to be denotified. Speaking on Sunday at Betul, Kavlekar said that he has discussed the issue with chief minister Pramod Sawant who has promised him that the government.

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Kolkata Port Trust posts 26% surplus hike

Kolkata Port Trust now called Syama Prasad Mookerjee Port has recorded its highest ever net surplus in at least a decade in 2020-21, a year initially blighted by the unprecedented disruptions caused by the pandemic. Despite cargo traffic volume coming down 4.14 per cent, the port managed to log in a 7.3 per cent rise.

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Cargo handling at top-12 ports falls 4.59 per cent to 673 MT in FY21

Hit by disruptions caused by Covid-19, India’s 12 major ports witnessed a 4.59 per cent fall in cargo handling to 672.60 million tonnes (MT) in the just-concluded financial year, according to ports’ apex body IPA. These ports had handled 705 MT, 699 MT and 679 MT cargo in 2019-20, 2018-19 and 2017-18, respectively. Recently, Minister.

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