Adani Port cargo volume reaches 300 mt, on track to reach 500 mt by 2025 | Whuff News


Adani Ports and Special Economic Zones Ltd (APSEZ), India’s largest integrated transport utility and part of the diversified Adani Group, has crossed a historic milestone by handling 300 million tonnes (mt) of cargo well before the end of the year (March). 2022).

APSEZ has recorded rapid growth since it began operations over two decades ago and continues to outpace all India cargo volume growth, with its market share increasing rapidly, a company statement said.

“The acceleration of our cargo volumes is a manifestation of our ability to continue to execute on our strategy,” said Karan Adani, Chief Executive Officer and Whole Time Director, APSEZ. “Our network of ports across India’s shores coupled with our integrated logistics capabilities, focus on technology-enabled digital operations and, most importantly, the deep relationships we have built with our customers and partners (including global shipping lines), all come together to make APSEZ as a fully integrated port & logistics platform that complements each other. We expect our growth to continue to accelerate given our current best-in-class capabilities and the growing driver of India’s economy.”

“This achievement also underlines APSEZ’s ability to adapt to rapid changes due to global market and geopolitical uncertainties and continue its journey towards sustainable growth. I must thank our dedicated team that drives our growth and our amazing workforce that makes it all happen on the ground. We are confident of achieving the goal of 500 MMT by 2025 and emerge as the world’s largest private port company by 2030.”

APSEZ has continued to speed up the time it takes to increase cargo volumes. While it took 14 years to reach 100 MMT annually (with five ports in its portfolio), APSEZ doubled it to 200 MMT annually (with nine ports in its portfolio) in just the next five years. Now, with 12 ports in its portfolio, APSEZ’s achievement of handling 300 MMT annually has been achieved in just three years. Remarkably, the three-year journey from 200 MMT to 300 MMT included a two-year period of global economic slowdown due to the pandemic.

In parallel with improving its business operations, APSEZ has also significantly implemented its commitment to sustainability. Energy and emission intensity have been reduced by around 30% from 2016 levels. Electrification of Rubber Tire Gantry Cranes (RTG) has been completed, and Quay Cranes and Mobile Harbor Cranes are underway, with 2023 as the target year of completion. The diesel-based Internal Transfer Vehicle (ITV) was replaced by the electric ITV. The first batch of 100 electric ITVs is likely to arrive in mid-2022 and the total count is expected to reach 400 in 2023. Another green port initiative is a 50% discount on Port Dues, Pilotage and Berth Rental Charges for vessels using LNG as fuel. With enhanced reforestation and several other green measures already underway, APSEZ is on track to achieve its carbon neutrality target by 2025.

APSEZ has evolved from a port company to an Integrated Transport Utility providing end-to-end solutions from its port gates to its customers’ gateways. It is India’s largest port developer and operator with 6 strategically located ports and terminals on the west coast (Mundra, Dahej, Tuna and Hazira in Gujarat, Mormugao in Goa and Dighi in Maharashtra) and 6 ports and terminals on the East coast of India (Dhamra in Odisha, Gangavaram, Visakhapatnam and Krishnapatnam in Andhra Pradesh, and Kattupalli and Ennore in Chennai) represent 24% of the country’s total port capacity. The company is also developing two transshipment ports in Vizhinjam, Kerala and Colombo, Sri Lanka.

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