+
APM Terminals to partner with Wan Hai Lines for container terminal bid
PORTS & SHIPPING

APM Terminals to partner with Wan Hai Lines for container terminal bid

APM Terminals Management B V is ready to partner with Wan Hai Lines Limited to bid for a container terminal tender floated by Jawaharlal Nehru Port Trust (JNPT) as a potential bidder to secure volumes.

Last month, JNPT sought bids to privatise the container terminal, which is self-operated by the state's port authority.

Adani Ports and Special Economic Zone Limited (APSEZ) is partnering with Terminal Investment Limited to bid for the container terminal project.

CMA Terminal Holding Limited, the world's third-largest container shipping firm, plans to participate in the container terminal project, which is designed to handle 1.8 million twenty-foot equivalent units (TEUs) per year.

According to a shipping industry executive, APM Terminals has an opportunity in partnership with Wan Hai Lines, a carrier dominant in the Nhava Sheva region where JNPT is situated.

AP Moller-Maersk, a shipping major, also runs Maersk Line, the world's biggest container carrier, whose support can be counted upon by APM Terminals.

According to a shipping industry executive, Wan Hai Lines, ranked among the top ten container carriers, will provide APM Terminals with an extra offer on the bid.

Gateway Terminals India Private Limited, which is 74% owned by APM Terminals, runs five container terminals at JNPT. In FY21, the Container Corporation of India, which has 26% stakes, handled 1.668 million TEUs.

APM Terminals will not participate with the Container Corporation of India because the government is lining up the state-run rail haulier for privatisation.

According to industry experts, the clear vision of the volumes will provide potential bidders with the raise to quote competitive royalty per TEU, which will be the basis for deciding the successful bidder.

Image Source


Also read: Dwarf container train services launched from JNPT

Also read: Visakhapatnam Port Trust to ramp up cargo handling capacity

APM Terminals Management B V is ready to partner with Wan Hai Lines Limited to bid for a container terminal tender floated by Jawaharlal Nehru Port Trust (JNPT) as a potential bidder to secure volumes. Last month, JNPT sought bids to privatise the container terminal, which is self-operated by the state's port authority. Adani Ports and Special Economic Zone Limited (APSEZ) is partnering with Terminal Investment Limited to bid for the container terminal project. CMA Terminal Holding Limited, the world's third-largest container shipping firm, plans to participate in the container terminal project, which is designed to handle 1.8 million twenty-foot equivalent units (TEUs) per year. According to a shipping industry executive, APM Terminals has an opportunity in partnership with Wan Hai Lines, a carrier dominant in the Nhava Sheva region where JNPT is situated. AP Moller-Maersk, a shipping major, also runs Maersk Line, the world's biggest container carrier, whose support can be counted upon by APM Terminals. According to a shipping industry executive, Wan Hai Lines, ranked among the top ten container carriers, will provide APM Terminals with an extra offer on the bid. Gateway Terminals India Private Limited, which is 74% owned by APM Terminals, runs five container terminals at JNPT. In FY21, the Container Corporation of India, which has 26% stakes, handled 1.668 million TEUs. APM Terminals will not participate with the Container Corporation of India because the government is lining up the state-run rail haulier for privatisation. According to industry experts, the clear vision of the volumes will provide potential bidders with the raise to quote competitive royalty per TEU, which will be the basis for deciding the successful bidder. Image Source Also read: Dwarf container train services launched from JNPT Also read: Visakhapatnam Port Trust to ramp up cargo handling capacity

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code