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/
By Jose Devasia and Munsif Vengattil KOCHI, India, Nov 26 (Reuters) – Protesters from a fishing community blocked attempts by India’s Adani Group to restart work on a $900 million transhipment port…
https://gcaptain.com/deadlock-deepens-at-adanis-south-india-port-as-protesters-block-trucks/
New exclusive data collected by Container News indicates a sequential slide in container volumes handled by the Adani Group-operated terminals at Mundra Port.
Combined “Adani Mundra” volumes in October dipped to 431,334 TEUs, from 444,986 TEUs in September and 457,334 TEUs in August.
The four terminals under Adani’s belt are Adani Mundra Container Terminal (AMCT), Adani CMA Mundra Terminal (ACMTPL) — a joint venture with CMA CGM Group, Adani International Container Terminal (AICTPL) — a...
https://container-news.com/adani-box-volumes-at-mundra-dip-amid-transshipment-handling-slowdown/
In a significant trade development that presents some cost relief for Indian hinterland shippers amid high freight rates, Adani Ports and Special Economic Zone Limited (APSEZ) has eventually agreed to recall its notices seeking to levy extra user fees on container trains operating to/from Mundra Port, according to industry sources.
Mundra is the busiest container handler in India and freight loads out of inland container depots (ICDs) constitute a major portion (pegged at 50%) of its volumes.
The...
By Ari Rabinovitch and Jonathan Saul HAIFA, Israel, July 26 (Reuters) – The city of Haifa is set to become an increasingly significant east Mediterranean shipping hub, with Chinese and Indian firms buying into…
Indian major port operator Adani Group and the Israeli logistics firm Gadot have won the tender for the sale of the Port of Haifa.
Adani Ports and Gadot won tender in a US$1.2 billion deal. The concession will last through 2024 with the Indian port operator securing a 70% stake and the Israeli logistics group holding the remaining 30%.
The Port of Haifa is the largest port in Israel, handling around 50% of all the country’s cargo.
Avigdor Lieberman, Finance Minister of Israel, said, “The...
https://container-news.com/adani-ports-gadot-to-operate-israels-largest-port-through-2024/
Mundra Port, a non-government/minor cargo gateway in India under the Adani Group port network, has rapidly grown to become the country’s busiest container handler.
However, according to a granular analysis of port data, transshipment volumes are playing a big role in that growth, which has helped Mundra outpace JNPA/Nhava Sheva, the country’s long-time market leader in containerised trade.
Mundra has four Adani-controlled terminals, Adani Mundra Container Terminal (AMCT), Adani CMA Mundra...
https://container-news.com/transshipment-sector-drives-mundras-strong-container-throughput-growth/
Adani Ports and Special Economic Zone Ltd (APSEZ) through its subsidiary, the Adani Harbour Services Ltd (TAHSL), has entered into a definitive agreement for the acquisition of a 100% stake in Ocean Sparkle Ltd, India’s largest third-party marine services provider.
Ocean Sparkle’s key activities include towage, pilotage, and dredging. With an asset base of 94 owned vessels and 13 third-party owned vessels, OSL is valued at an enterprise value of around US$223 million with US$39 million of free...
https://container-news.com/adani-ports-acquires-indias-largest-marine-services-firm-ocean-sparkle/
Adani Ports and Special Economic Zone Ltd (“APSEZ”) through its subsidiary, The Adani Harbour Services Ltd (“TAHSL”), has entered into a definitive agreement for acquisition of 100% stake in Ocean Sparkle Ltd (‘OSL’), India’s leading third-party marine services provider. Key activities carried by the company include towage, pilotage, and dredging.
With an asset base of 94 owned vessels and 13 third-party-owned vessels, OSL is a market leader. OSL is valued at an enterprise value of INR 1,700 Cr...
Adani Ports and Special Economic Zone Limited (APSEZ), the largest transport utility in India, has announced its operational and financial results for the first nine months of the Fiscal Year 2022 (April 2021 – December 2021).
The terminal operator handled 6.2 million TEU during this period, representing a year-on-year increase of 25%, while all India cargo growth saw a 19% volume increase. Mundra continues to be the largest container handling port with 4.9 million TEU.
In the meantime, Adani...
https://container-news.com/adani-ports-handles-6-2-million-teu-during-april-december-period/