Adani Ports handles 420 mt cargo in FY24, domestic ports manage 408 mt

02 Apr 2024 CW Team

India?s biggest private port operator mentioned that its domestic ports/terminals had contributed over 408 mt, with the flagship Mundra Port alone handling 180 mt, accounting for more than a fourth of all India cargo volumes.

It was noted that Mundra Port had handled more than 7.4 million twenty-foot equivalent units (TEUs), which accounted for over a third of India?s container cargo.

Furthermore, it was mentioned that Tuna had handled 10 mt, Hazira 26 mt, Mormugao 5 mt, Karaikal 12 mt, Ennore 13 mt, Kattupalli 12 mt, Krishnapatnam 59 mt, Gangavaram 37 mt, and Dhamra 43 mt.

It was advertised that around 44 percent of India?s containerized seaborne cargo moved through APSEZ ports, with its container volumes having grown by 2 times India?s container growth (approximately 11 percent compared to the all-India growth of around 5 percent) in the last 5 years.

Mundra Port was reported to have handled container volumes by rail of 1.9 million TEUs, marking a growth of 12 percent over the previous year.

The domestic cargo of 408 mt was stated to have surpassed the volume guidance of 370-390 mt given at the start of the financial year.

Karan Adani, Managing Director of APSEZ, stated that what made these accomplishments noteworthy was that they were achieved despite multiple challenges, such as the global trade disruptions caused by the Red Sea crisis, the Russia-Ukraine conflict, issues at the Panama Canal, and the disruption of operations due to Cyclone Biparjoy and Cyclone Michaung.

APSEZ was reported to have handled over 4,300 vessels, crossing its previous highest record of 3,938 vessels.

Karan Adani further stated that while it had taken 14 years for the company to achieve the first 100 mt of annual cargo throughput, the second and third 100 mt throughputs were achieved in 5 years and 3 years, respectively. The latest 100 mt mark had been achieved in less than two years, which, according to him, was a testament to their ongoing commitment and efforts towards enhancing operational efficiencies and maintaining their position as a top port operator in the industry.

The port operator stated that Tycoon Gautam Adani controlled Adani Ports and Special Economic Zone (APSEZ) had ended FY24 by handling 420 million tonnes (mt) of cargo, including international ports, which represented a growth of 24 percent over the previous year. India?s biggest private port operator mentioned that its domestic ports/terminals had contributed over 408 mt, with the flagship Mundra Port alone handling 180 mt, accounting for more than a fourth of all India cargo volumes. It was noted that Mundra Port had handled more than 7.4 million twenty-foot equivalent units (TEUs), which accounted for over a third of India?s container cargo. Furthermore, it was mentioned that Tuna had handled 10 mt, Hazira 26 mt, Mormugao 5 mt, Karaikal 12 mt, Ennore 13 mt, Kattupalli 12 mt, Krishnapatnam 59 mt, Gangavaram 37 mt, and Dhamra 43 mt. It was advertised that around 44 percent of India?s containerized seaborne cargo moved through APSEZ ports, with its container volumes having grown by 2 times India?s container growth (approximately 11 percent compared to the all-India growth of around 5 percent) in the last 5 years. Mundra Port was reported to have handled container volumes by rail of 1.9 million TEUs, marking a growth of 12 percent over the previous year. The domestic cargo of 408 mt was stated to have surpassed the volume guidance of 370-390 mt given at the start of the financial year. Karan Adani, Managing Director of APSEZ, stated that what made these accomplishments noteworthy was that they were achieved despite multiple challenges, such as the global trade disruptions caused by the Red Sea crisis, the Russia-Ukraine conflict, issues at the Panama Canal, and the disruption of operations due to Cyclone Biparjoy and Cyclone Michaung. APSEZ was reported to have handled over 4,300 vessels, crossing its previous highest record of 3,938 vessels. Karan Adani further stated that while it had taken 14 years for the company to achieve the first 100 mt of annual cargo throughput, the second and third 100 mt throughputs were achieved in 5 years and 3 years, respectively. The latest 100 mt mark had been achieved in less than two years, which, according to him, was a testament to their ongoing commitment and efforts towards enhancing operational efficiencies and maintaining their position as a top port operator in the industry.