Mundra now India's leading box port, surpassing Mumbai's JNPT
INDIA's Port of Mundra handled 5.66 million TEU, placing it one million TEU ahead of Jawaharlal Nehru Port Trust (JNPT), making Mundra India's leading container port, reports Bloomberg.
Meanwhile, Adani Ports and Special Economic Zone (APSEZ) rose its market share to 41 per cent after the news of its flagship hub in Mundra had surpassed Mumbai.
Across Mundra's entire Indian portfolio, the operator handled 7.2 million TEU, increasing its market share five per cent, while it drove double-digit increases in port revenue and port EBITDA.
EBITDA grew 15 per cent while profit before tax leaped 48 per cent to US$850 million.
"Mundra Port which is the largest commercial port in the country, this year has also become the largest container port in the country surpassing JNPT by a big leap," said APSEZ chief executive Karan Adani.
"We have also been able to restructure our cost fundamentally and were able to demonstrate an increase in EBITDA margin by one per cent taking our port margins to 70 per cent," said Mr Adani.
"We are truly in the right direction to take APSEZ from a port company to a transport utility company delivering full logistics solution to our
Rotterdam docks 54 box ships delayed in Suez Canal crisis
THE Port of Rotterdam has processed 54 of 64 containerships delayed after the 20,388- TEU Ever Given ran aground and blocked the Suez Canal for nearly a week from March 23, said the port authority.
Three vessels were cancelled, two are being processed in Rotterdam, one is at anchor and four were still en route.
The Ever Given is one of the four en route. It was seized by the Egyptian authorities in the canal's Great Bitter Lake.
"The system operated well and there were no problems, demonstrating that Rotterdam is more than capable of handling any logistics challenges, from a Suez Armada, Covid-19 or a prolonged period of snow or wind," said Logistics Alliance chairman Steven Lak.
However, the terminals remains extremely busy due to all these disruptions. As this is set to persist in the coming months, it is vital that we continue to address and discuss the various congestion signals in the market. We can achieve this in our regular meetings," said Mr Lak.
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