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Adani Ports planning to invest $1.2 bn in new transshipment terminal.

BNE News Desk , July 15, 2024
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New Delhi: The money will be utilized to lengthen the current berth and expand the breakwater at the port, according to sources. A breakwater is a structure made of rocks extending into the ocean to shield a port from wave impact.

There was no immediate response to emailed requests for comments from representatives of Adani Group, Mediterranean Shipping, and Hapag-Lloyd. Karan Adani informed reporters in October that Adani Ports plans to invest up to Rs 6,000 crore annually to increase their capacity. Transshipment is the process of moving goods from a smaller original ship to a larger mother ship at a port on the route to the final destination of the cargo. The Vizhinjam terminal is set to include bunkering services for ship fueling and is looking to purchase more cranes to increase capacity. Additionally, a cruise terminal is being constructed to cater to large luxury liners, according to sources.

Vizhinjam's location near major global shipping routes, which carry 30 pc of worldwide cargo, and a deep natural channel up to 24 meters (79 feet) underwater, make it a perfect port for large ships to visit.

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