PSA and MSC explore partnership for phase 2 of BMCT

24 Aug 2023 CW Team

The arrangement aligns with the concession agreement framework for terminal developers/operators. Following the lock-in period, typically lasting two years after commercial operation begins, equity dilution can be considered. PSA International, the parent company of BMCT, has surpassed this lock-in period.

BMCT is already engaged in expanding its capacity with an additional 1 km of quay, equipping it to handle 2.4 million twenty-foot equivalent units (TEUs) annually, at an investment of around Rs 31.96 billion. The second phase of BMCT is slated for operation commencement in early 2025.

The proposed partnership is significant for MSC, which has been keen on securing a presence in JN Port. The company had almost clinched a tender to privatise a container handling terminal operated by the state-owned port authority. The partnership could potentially divert 50,000-60,000 TEUs per month currently handled by DP World's terminals, facilitating MSC's exclusive usage of BMCT.

This potential deal is contingent on PSA International's decision regarding the management and operation of BMCT's second phase. As BMCT handles a growing volume of cargo, a partnership with MSC could further bolster JN Port's status as a key gateway for India's import-export trade.

Besides PSA International, major terminal operators like DP World, APM Terminals, and CMA Terminals Holding already have a presence at JN Port. The upcoming connectivity of JN Port to the western dedicated freight corridor (DFC) network is anticipated to enhance the port's competitiveness in India's trade landscape.

Singapore's PSA International and Mediterranean Shipping Company (MSC) are reportedly in preliminary discussions over a potential partnership for the second phase of Bharat Mumbai Container Terminals (BMCT) at Jawaharlal Nehru Port (JN Port), Mumbai. The collaboration could offer exclusive use of the terminal to MSC, the world's largest container line headquartered in Geneva. The companies might also explore the possibility of MSC acquiring a minority stake in BMCT.The arrangement aligns with the concession agreement framework for terminal developers/operators. Following the lock-in period, typically lasting two years after commercial operation begins, equity dilution can be considered. PSA International, the parent company of BMCT, has surpassed this lock-in period.BMCT is already engaged in expanding its capacity with an additional 1 km of quay, equipping it to handle 2.4 million twenty-foot equivalent units (TEUs) annually, at an investment of around Rs 31.96 billion. The second phase of BMCT is slated for operation commencement in early 2025.The proposed partnership is significant for MSC, which has been keen on securing a presence in JN Port. The company had almost clinched a tender to privatise a container handling terminal operated by the state-owned port authority. The partnership could potentially divert 50,000-60,000 TEUs per month currently handled by DP World's terminals, facilitating MSC's exclusive usage of BMCT.This potential deal is contingent on PSA International's decision regarding the management and operation of BMCT's second phase. As BMCT handles a growing volume of cargo, a partnership with MSC could further bolster JN Port's status as a key gateway for India's import-export trade.Besides PSA International, major terminal operators like DP World, APM Terminals, and CMA Terminals Holding already have a presence at JN Port. The upcoming connectivity of JN Port to the western dedicated freight corridor (DFC) network is anticipated to enhance the port's competitiveness in India's trade landscape.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..