l{"id":1286061,"date":"2023-10-15T03:19:12","date_gmt":"2023-10-15T02:19:12","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/gautam-adanis-new-mega-port-can-lure-worlds-biggest-ships-to-india\/"},"modified":"2023-10-15T03:19:12","modified_gmt":"2023-10-15T02:19:12","slug":"gautam-adanis-new-mega-port-can-lure-worlds-biggest-ships-to-india","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/gautam-adanis-new-mega-port-can-lure-worlds-biggest-ships-to-india\/","title":{"rendered":"Gautam Adani&#039;s new mega port can lure world&#039;s biggest ships to India"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/10\/Gautam-Adani039s-new-mega-port-can-lure-world039s-biggest-ships.cms.jpeg\" \/><\/p>\n<div data-brcount=\"33\">When <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/zhen-hua-15\" target=\"_blank\" rel=\"noopener\">Zhen Hua 15<\/a> \u2014 a heavy load cargo carrier sailing from the East China sea \u2014 unloads at Vizhinjam port this Sunday, it\u2019ll do more than just set down the site\u2019s first gigantic cranes. It\u2019ll also put <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/india\" target=\"_blank\" rel=\"noopener\">India<\/a> on the map for world\u2019s biggest <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/container-ships\" target=\"_blank\" rel=\"noopener\">container ships<\/a>.<\/p>\n<p>Located near the southernmost tip of the country, the Vizhinjam transshipment container port \u2014 the first of its kind in India that will be inaugurated on Oct. 15 \u2014 will allow India to grab a bigger slice of the international maritime trade currently dominated by China. It will also bolster its aspirations to be an alternative manufacturing hub by reducing logistics costs for cargo coming to and from the country. <\/p>\n<p>The new terminal will be another feather in the cap of <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/transportation\/shipping-\/-transport\/gautam-adanis-new-mega-port-can-lure-worlds-biggest-ships-to-india\/articleshow\/(\/panache\/panache-people-101\/gautam-adani)\/profileshow\/79680069.cms\" rel=\"noopener\">Gautam Adani<\/a>\u2019s conglomerate, which faced a scathing short seller attack in January alleging corporate malfeasance \u2014 charges the Adani Group has denied. With a dominance that already spans ports, mines, airports and power utilities, Vizhinjam will further cement the billionaire\u2019s status as India\u2019s infrastructure king. <\/p>\n<p>The proximity to the international shipping routes that accounts for 30% of global cargo traffic and a natural channel that goes up to 24 meters below the sea makes Vizhinjam an ideal hub for some of the world\u2019s biggest ships to call in. Until now, the biggest container ships have been skipping India because its harbors weren\u2019t deep enough to handle such vessels and docking at neighboring ports such as Colombo, Dubai and Singapore. <\/p>\n<p>Transshipment refers to transferring cargo from an original ship to another, bigger mother ship at a port on the way to the cargo\u2019s final destination. <\/p>\n<p>The much-awaited deep-sea port along Kerala\u2019s scenic coastline has been developed by <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/adani-ports-special-economic-zone-ltd\/stocks\/companyid-20316.cms\" rel=\"noopener\">Adani Ports<\/a> and Special Economic Zone Ltd. in collaboration with the local state government. Adani Ports, India\u2019s largest private sector port operator with a 30% market share, is also developing Israel\u2019s Haifa port and plans to build a hub in Vietnam, as part of its expanding global footprint.\u201cThe Indian ocean is 50% of sea trade,\u201d said Chakri Lokapriya, chief investment officer at TCG Asset Management Co. in Mumbai. \u201cThe Vizhinjam port with its natural advantages will improve operating margins for Adani Ports.\u201dPoor shipping connectivity has hindered India\u2019s integration into the global value chain, the <a data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/reserve-bank-of-india\" target=\"_blank\" rel=\"noopener\">Reserve Bank of India<\/a> said in a 2022 report. India\u2019s container traffic was only 17 million TEUs in 2020 versus China\u2019s 245 million TEUs, according to a Feb. 7 statement from the ports ministry.<\/p>\n<p>The Narendra Modi-led government told the parliament that may change soon. <\/p>\n<p><strong>\u2018World\u2019s Factory\u2019<\/strong><br \/>\u201cThe upcoming ports at Vizhinjam (Kerala) and Vadhavan (Maharashtra) have natural drafts in excess of 18 meters that would enable ultra large container and cargo vessels to call on the ports thereby boosting the efforts to make India the world\u2019s factory\u201d by improving the container and cargo traffic, the ministry said in the statement.<\/p>\n<p>Vizhinjam port, according to Adani Ports website, will offer a quick turnaround of vessels including Megamax container ships. It will have a capacity of 1 million twenty-foot equivalent units, or TEUs, in the first phase at an investment of 77 billion rupees ($925 million). About 6.2 million TEUs will be added in the subsequent phases.<\/p>\n<p>Still, running transshipment container terminal won\u2019t be an easy feat, even for a company with as rich an experience as Adani Ports that has already faced fishermen protests at this site. A rival facility in Vallarpadam, operated by Dubai Ports World, has been dogged by procedural delays. <\/p>\n<p>The transshipment hub also needs to be connected by a network of road and rail links to warehouses and factories in the hinterland. Lack of such an arterial support \u201ccan be the Waterloo\u201d for any port, said Mathew Antony, managing partner of Aditya Consulting, an advisory specializing in infrastructure, ports and logistics.<\/p>\n<p><strong>Strategic Location<\/strong><br \/>The federal government is working on a Maritime India Vision 2030 that seeks to develop world-class mega ports, transshipment hubs and modernize infrastructure at an estimated investment of 1.25 trillion rupees. <\/p>\n<p>As large ships become increasingly more vital to Europe and China trade, India can embed itself in that route, given its strategic location between the Suez Canal and the Strait of Malacca.<\/p>\n<p>India\u2019s current container traffic is less than 10% of China\u2019s but if the Vizhinjam port is able to beckon more ships, it\u2019ll give India \u2014 and Adani Ports \u2014 a stronger footing in global maritime trade.<\/p>\n<\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/industry\/transportation\/shipping-\/-transport\/gautam-adanis-new-mega-port-can-lure-worlds-biggest-ships-to-india\/articleshow\/104433813.cms\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When Zhen Hua 15 \u2014 a heavy load cargo carrier sailing from the East China sea \u2014 unloads at Vizhinjam port this Sunday, it\u2019ll do more than just set down the site\u2019s first gigantic cranes. It\u2019ll also put India on the map for world\u2019s biggest container ships. Located near the southernmost tip of the country, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1286062,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-1286061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gautam Adani&#039;s new mega port can lure world&#039;s biggest ships to India - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/transportation\/shipping-\/-transport\/gautam-adanis-new-mega-port-can-lure-worlds-biggest-ships-to-india\/articleshow\/104433813.cms\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gautam Adani&#039;s new mega port can lure world&#039;s biggest ships to India - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"When Zhen Hua 15 \u2014 a heavy load cargo carrier sailing from the East China sea \u2014 unloads at Vizhinjam port this Sunday, it\u2019ll do more than just set down the site\u2019s first gigantic cranes. 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