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  • Adani Ports total cargo volumes up 9.5% to 32 MMT in March 2023
  • 2023 April 5 18:06

    Adani Ports total cargo volumes up 9.5% to 32 MMT in March 2023

    Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, handled ~32 MMT of total cargo in March 2023, implying a Y-o-Y growth of ~9.5%, according to the company's release. For the first time since July 2022, the volumes crossed the 30-MMT mark. With ~339 MMT in FY23 (April 2022 - March 2023), APSEZ recorded its largest port cargo volumes ever – which is a good ~9% Y-o-Y growth. Adani Ports has been continuously increasing its market share for the past years, outperforming all of India’s cargo volume growth.
    The overall container volumes handled by APSEZ in India jumped to ~8.6 MTUs (+5% YoY), including ~6.6 MTEUs at Mundra alone. It continues to be India’s largest seaport with ~155 MMT of total cargo handled during the year. The logistics business segment also had a record year. The container rakes handled during the year achieved a new milestone crossing 500,000 TEUs (+ 24% Y-o-Y), while the bulk cargo transported exceeded 14 MMT, implying 62% Y-o-Y jump. This financial year witnessed APSEZ setting some new milestones on the count of ships docked (6,573), rakes serviced (40,482), and the trucks, trailers and tankers handled (48,89,941). Adani Ports serviced 3,068 unique customers across its different business units.
    Increase in cargo volume at ports reflects country’s economic prosperity. Almost 95% of the trade volumes in India are carried through maritime transport. So, having world-class mega ports is imperative for the Indian coastline. APSEZ has strategically built a string of ports across the Indian coastline along with ICDs (inland container depots) and warehouses, woven intricately with self-owned rakes, covering around 90% of the country’s hinterland.
    The capability to maintain deep draft ports enables APSEZ’s customers bring larger vessel parcels, thereby lowering their overall logistics cost. The lower logistics costs allow businesses to export goods, boosting domestic economy and raising the employment rate in the process. Mundra handled the deepest container vessel – MSC Washington with an arrival draft of 17.0 meters – ever handled by any Indian port, and the largest vessel, MSC Fatma, with a vessel length of 366 m and carrying capacity of 15,194 TEUs. The port also docked its first LNG-fueled vessel, Aframax Crude Oil Tanker, at its SPM facility. The draft is 14 meters long with a total displacement of 1,26,810 MT.
    Among India’s ports that can handle cape-size vessels with deeper drafts, Krishnapatnam Port has the highest departure draft recorded in Indian maritime history. A fully loaded cape-size vessel, MV NS Hairun, with a maximum draft of 17.85 meters sailed out from the port with 168,100 MT of iron ore. It received the largest parcel size of gypsum MV SHINYO GUARDIAN with 163,781 MT.
    Busy traffic was witnessed at other ports as well with Dahej receiving “MV STAR OPHELIA” carrying 1.24 lakh MT of gypsum cargo, Kattupalli handling the largest dry bulk parcel size vessel, MS Tristar Dugon, with a 76,250 MT discharge of gypsum and Hazira getting the largest over dimensional cargo (OCD) with a volume of 45752 cubic meters.
    The engagement with container lines and the resolve to deliver on commitments has led to more new services at APSEZ terminals, raising volumes. While Hazira reported the highest ever sugar cargo volume of 1.15 MMT as compared to its previous best of 0.95 MMT, Krishnapatnam recorded an all- time high gypsum discharge of 1.17 MMT. Gangavaram dispatched the highest amount of alumina bulkers on a single day whereas Dhamra exported 1,57,000 MT of iron ore on MV Mojo, which sailed out with a deep draft of 17 meters, and Kattupalli posted a 58% rise in container volume.
    Mundra has the fastest turnaround time for vessels allowing ships to berth immediately. With the focus on improving operational efficiencies along with customer-oriented initiatives, it has achieved remarkable feat and create new benchmarks. It handled highest ever RO-RO volume of 2.09 lakh cars in this financial year as compared to previous high of 1.87 lakh. This rise is the result of the confidence shown by the long-time customer Maruti Suzuki India Limited.
    APSEZ consistently works on cargo diversification at all its ports. This year, Krishnapatnam Port successfully added soybeans, edible oil and sugar to its cargo portfolio while Dighi Port handled sugar, for the first time and Dhamra its first rice vessel for export to Bangladesh.

2023 December 8

12:11 NYK secures time charter contract with SINOPEC for LNG transportation
11:43 Gunvor partners with ClearShift on zero carbon diesel and chemicals
11:15 Masdar signs Joint Study Agreement for supply of green hydrogen to the Port of Amsterdam
10:51 GTT enters into strategic cooperation agreement with the major Chinese ship-building group CSSC
10:24 Teck and Oldendorff to install Flettner Rotors system on the vessel Dietrich Oldendorf
09:53 Rosatom: Shipping on the Northern Sea Route does not have a negative impact on the Arctic environment
09:18 Hayfin to acquire up to $1bn of shipping assets through Maritime Yield strategy
08:25 Euronav orders 1 VLCC and 2 Suezmaxes

2023 December 7

18:02 Maersk to deploy first large methanol-enabled vessel on Asia - Europe trade lane
17:48 Hapag-Lloyd, Maersk and CMA CGM sign an agreement for alternative fuels with Nestlé
17:15 Ecomotus’ EcoPro fuel catalyst system awarded RINA’s approval
16:45 Adani Ports looks to buy SP Group's Gopalpur port in Odisha
16:24 Singapore and Tianjin sign MoU to establish the Singapore – Tianjin Green and Digital Shipping Corridor
15:54 Alfa Laval to provide the fuel supply system to Maersk in industry’s first methanol retrofit project for a container vessel
15:31 MABUX: Bunker Weekly Outlook, Week 49, 2023
15:14 COSCO signs contract with MAN for the methanol retrofit of four main engines from COSCO Line’s vessels
14:41 COSCO SHIPPING and bp sign MoU
14:22 Fluxys, OGE and Wintershall Dea sign a cooperation agreement for CO2 transport
13:52 ClassNK awards AiPs for SDARI’s three green fuels powered vehicle carriers
13:12 ABS publishes industry-leading best practices for ESG reporting
12:41 MOL and DP World sign MoU to explore auto logistics and decarbonization business opportunities
12:15 DEME and FARIA enter agreement to explore and co-develop offshore wind farms in Greece
11:52 Jan De Nul signs first two contracts with TenneT under 525 kV HVDC cable system frame cooperation
11:24 GTT receives an order from HD Hyundai Heavy Industries for the tank design of two new Very Large Ethane Carriers on behalf of the ship-owner Purus
11:13 Russian Far East shipyards’ backlog of orders hits three-year high, says Central Bank
10:51 Jiangnan Shipyard and Bureau Veritas sign a cooperation agreement on shipyard digitalization and 3D design reviews
10:29 Singapore, Norway and IMO unveiled LR's report at the Voyage to Net-Zero Forum

2023 December 6

18:02 NYK concludes time charter agreement for fuel ammonia transport
17:35 Japan’s Tsuneishi Shipbuilding orders 3 × MAN B&W 7G50ME-C9.6-LGIM main engines
17:19 LR awards CSBC Approval in Principle for methanol-fuelled 2,500 TEU feeder design
16:20 Maritime and Port Authority of Singapore, Port of Los Angeles and Port of Long Beach unveil Partnership Strategy on green and digital shipping corridor
15:59 ClassNK awards AiPs for SDARI’s green fuels powered vehicle carriers for ammonia ready LNG dual fueled
15:24 DNV awards AiP for world’s largest car carrier design by Сhina Merchants
14:45 Nuclear-powered container ship Sevmorput finalized the 2023 shipping season's short-sea voyages on the NSR
14:03 Fish product exports from Russia rose year-to-date by 13% to 2.1 million tonnes
13:42 World’s largest ammonia carriers for Naftomar Shipping to be built by Hanwha Ocean and classed by Bureau Veritas
13:22 Steerprop to deliver tunnel thrusters and retractable combi thrusters for Finnish Border Guards’ multi-purpose vessels
12:51 Fuel cell manufacturer Blue World Technologies closes financing round with Maersk Growth and EIFO
12:11 MOL and Bapco Energies sign MoU for development of cross border CO2 transport and sequestration
11:41 ABP invests £4.2 million in a new Liebherr LHM 420 mobile harbour crane for the Port of Hull
11:10 Sumitomo Corporation and Hoegh Autoliners sign LoI to collaborate on the supply of clean ammonia for upcoming Aurora Class PCTC vessels
10:47 ROSATOM successfully completes production of RITM 200 reactors for Project 22220 universal nuclear icebreakers
10:32 Seaspan enters new market segment with strategic order of new dual-fuel LNG Pure Car and Truck Carrier vessels
10:09 ERMA FIRST awarded AiP from DNV for onboard carbon capture system
09:35 KPI OceanConnect, Titan Clean Fuels, and SFL сollaborate on the company’s first LNG bunkering operation

2023 December 5

18:00 Kongsberg Maritime to provide design, engineering, and equipment on pair of methanol ready, chemical tankers for Sirius Rederi AB
17:38 APM Terminals and DP World launch Zero Emission Port Alliance at COP28
17:16 Blue Mediterranean Partnership to start operating in early 2024
16:49 Global Ports Holding announces integration of shore power at Valletta Cruise Port
16:14 Meratus Line starts calling at East Java Multipurpose Terminal
15:21 OOCL announces new China Indonesia Philippines services
14:42 CNC and COSCO sign vessel sharing agreement for KCS and China 1 services
14:23 Methanol-ready ECOaster vessel design wins DNV’s green light
13:52 DSIC lays keel for first CMES LNG carrier
13:12 Middle East War risk insurance rates edge up after surge in Red Sea ship attacks
12:45 Iberdrola and Masdar sign global alliance to co-invest up to €15 billion in offshore wind and green hydrogen projects in Germany, UK and the USA
12:15 South Korea drops to 2nd place in global shipbuilding orders in Nov.
11:41 Wartsila adds another four methanol engines to its portfolio
11:03 WinGD signs four-way partnership to deliver CMB.TECH ammonia engines
10:50 Maersk to invest more than USD$500 million in integrated supply chain capabilities in Southeast Asia
10:24 Hapag-Lloyd to apply a war risk surcharge from January 1, 2024
08:17 EU announces €175m financial support to reduce methane emissions at COP28
07:34 AD Ports Group and Vietnam Maritime Administration sign MoU to enhance ports and maritime collaboration

2023 December 4

18:53 St. Petersburg SMTU kicks off real technical revamp of high-tech industries under the Priority 2030 program
18:07 ABP unlocks a 200+ acre development opportunity at the UK’s busiest ports complex
17:34 The Government of Oman, Hydrom, Port of Amsterdam, Zenith Energy Terminals and GasLog agree to study the development of a liquid hydrogen supply chain
17:13 Meyer Turku shipyard delivers the cruise ship Carnival Celebration
16:45 Three commercial vessels attacked in Red Sea
16:24 AD Ports Group and KazMunayGas sign HoT for ship building and repair facility in Kazakhstan
15:14 Bureau Veritas and Avance Labs sign MoU on hydrogen certification