By Dan Strumpf Nov 24, 2024 (Bloomberg) –A US agency that agreed to lend more than $500 million to an Adani Group-backed port development in Sri Lanka said it’s still conducting…
https://gcaptain.com/us-agency-conducting-due-diligence-on-adanis-sri-lanka-project/
Gautam S. Adani, chairman of the Adani Group and a key figure in India’s ports and shipping sector, has been indicted along with seven other senior business executives in connection…
https://gcaptain.com/adani-group-chairman-indicted-in-250-million-bribery-scandal/
The Adani Group seems poised to replay its tested business magic at Vizhinjam Port, a project designed to realise India’s long-time container hub activity ambitions.
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Jenny Daniel
Global Correspondent
Contact email: [email protected]
(Bloomberg) — Billionaire Gautam Adani’s port unit will buy an 80% stake in Singapore-headquartered Astro, a supplier of offshore support vessels, for $185 million in cash as his conglomerate continues…
https://gcaptain.com/adani-ports-acquires-offshore-shipping-firm-for-185-million/
Competition between government/landlord ports and Adani Ports and Special Economic Zone (APSEZ) in India is heating up, with the latter making rapid inroads into the emerging market.
Adani Group’s flagship Mundra Port boosted its market share of Indian containerised trade to 34% last fiscal year (2023-24), from 31% year-over-year, according to exclusive data obtained by Container News. Mundra competes with Nhava Sheva Port for north-western cargo, which makes up the bulk of Indian box volumes.
To...
(Bloomberg) — Billionaire Gautam Adani’s conglomerate is doubling investment to $2.4 billion in its new mega port in southern India as it seeks to expedite expansion plans and lure some…
https://gcaptain.com/adani-to-double-investment-in-transshipment-port-to-2-4-billion/
By P R Sanjai (Bloomberg) –When Zhen Hua 15 — a heavy load cargo carrier sailing from the East China sea — unloaded at Vizhinjam port on Sunday, it did more than just…
https://gcaptain.com/indias-new-mega-port-hopes-to-attract-the-worlds-biggest-ships/
Mundra Port, the flagship port of Adani Ports and Special Economic Zone (APSEZ), berthed the 399 metres long and 54 metres wide vessel, MSC Hamburg.
The 2015-built container ship was anchored at the Indian port on 2 July 2023.
MSC Hamburg has a carrying capacity of 15,908 TEUs and its current draught is reported to be 12 meters.
Meanwhile, the port of Mundra has resumed all its services after the temporary suspension of operations ordered by the government due to Cyclone Biparjoy.
The post India’s...
https://container-news.com/indias-mundra-port-berths-msc-giant-container-ship/
by Giulia Morpurgo (Bloomberg) Investors anxious over billionaire Gautam Adani’s business empire have sent some of his companies’ bond yields above 10%, a milestone typically reserved for junk-rated debt. Adani…
https://gcaptain.com/adani-ports-investors-panic-bond-yields-drop-to-junk-status/
By P R Sanjai (Bloomberg) — The Adani Group pledged more shares of its ports arm to lenders, reflecting the growing spotlight on the conglomerate’s liquidity amid a short seller attack…
https://gcaptain.com/adani-group-pledges-more-shares-of-ports-unit-on-stock-rout/