We have been present in India for over three decades now. This joint-venture with Adani Ports reinforces our position in one of the world’s fastest growing economies and highlights our firm belief in the potential growth of trade between India and the rest of the world
France’s CMA CGM & Adani Ports create joint-venture to run Mundra Port’s new container terminal for 15 years
- CMA CGM subsidiary CMA Terminals & APSEZ to jointly operate container terminal 4 at Mundra Port for 15 years
- As per the JV agreement, the partnership contract can be extended twice for 10 more years
- Mundra Port container handling capacity rises to 5.5 million TEUs, making it India’s largest container port
- Construction of the container terminal 4 has been completed three months ahead of schedule
- CMA CGM is world’s leading shipping and logistics group
- APSEZ is India’s number one private port infrastructure company
Marseille, France/ Ahmedabad, India, April 25, 2017: CMA CGM, a leading worldwide shipping group and Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, today signed a joint venture agreement, to operate a new container terminal (CT4) at Mundra Port, for next 15 years with an option to extend it twice for 10 more years.
CMA CGM’s Chief Executive Officer
Speaking on this momentous occasion, Mr Karan Adani, CEO, APSEZ, “This is a notable milestone for us, as with the commissioning of this terminal, Mundra port will become India’s largest container-handling port. This strategic partnership with CMA CGM in the Container Terminals business brings significant value to Mundra port. With this new development, Mundra port is perfectly primed to set the bar even higher on the crucial parameters of efficiency, productivity and faster turnaround times for larger vessels, which will directly translate into competitive advantages for our customers. Mundra port continues to be conscious of its environmental responsibilities and has installed world class equipment, which vastly reduces air and noise pollution.”
The two partners have completed the CT4 project three months ahead of schedule making Mundra Port the largest container-handling port in the country. The port was already the country’s number one multi-purpose port facility. CT4 will be the only container terminal on the west coast of India where the world’s largest container ships can call.
CT4 has four units of 65 tonnes capacity of Rail Mounted Quay Cranes capable of handling 18,000 TEU vessels and Super Post and Ultra Large Container Vessels and an annual capacity of 1.3 million TEUs.
The terminal spans over 27 hectares, with a 650-meter long quay and a draft of 16.5 meters. The yard equipment will include twelve 41 tonne lift rubber tyred container gantry cranes which will accommodate seven rows of containers and one operational lane.
For CMA CGM, CT4 is its first port investment in India, and demonstrates its ambition to further increase its presence in this strategic and fast-developing country. CMA CGM is present in India since 1984. With 29 offices, it is calling 13 ports in India, and offers to its Indian customers 11 direct weekly shipping services connecting India to Europe, Africa, North America, South America, Asia, Australia and the Middle East.
CMA CGM’s investment in Mundra shows how confident the company is about the opportunities in India, where economic growth rate is expected to be one of the fastest among large economies in 2017 according to recent data from the International Monetary Fund. CMA CGM expects trade between India and the world is likely to grow and generate opportunities for exporters and importers.
In India, CMA CGM Group offers a wide range of shipping and intermodal solutions covering accessibility to and from 51 inland locations, 6 gateway ports and 7 feeder ports in the country. The company offers connections to its port terminals through dedicated block trains and other intermodal options.
This new investment adds to the 34 container terminals that CMA CGM has today in its portfolio, and is a key step in its strategy to further expand its position in port operations.
APSEZ continues to rapidly expand its container terminals footprint across India’s coastline and further augments APSEZ’s existing three container handling facilities at Mundra, Hazira and Kattupalli, an under construction transhipment hub in Vizinjham in Kerala and two other under construction terminals at Ennore in Tamil Nadu and Dhamra in Odisha. It will allow Adani Ports to fulfil its stated vision of handling 200 million metric tonnes of cargo well before the year 2020.
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About CMA CGM
CMA CGM, founded by Jacques R. Saadé, is a leading worldwide shipping group. Its 453 vessels call more than 420 ports in the world on all 5 continents. In 2016, they carried 15.6 million TEU (twenty-foot equivalent units). Now headed by Rodolphe Saadé, CMA CGM enjoys a continuous growth and keeps innovating to offer its customers new maritime, terrestrial, and logistical solutions. With a presence in 160 countries and through its 600 agencies network, the Group employs 29,000 people worldwide, including 2,400 in its headquarters in Marseilles.
About Adani Group
The Adani Group is one of India’s leading business houses with revenue of over $12 billion.
Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics, energy and agro. The integrated model is well adapted to the infrastructure challenges of the emerging economies. [p] Adani Group’s growth and vision has always been in sync with the idea of Nation Building. We live in the same communities where we operate and take our responsibility towards contributing to the betterment of the society very seriously. Through Adani Foundation, we ensure development and progress is sustainable and inclusive; not just for the people living in these areas, but the environment on the whole. At Adani, we believe in delivering benefits that transcend our immediate stakeholders.
Resources means obtaining Coal from mines and trading;
Adani is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. Currently, we are the largest coal importers in India. We also have extensive interests in oil and gas exploration. Our coal extraction has increased to 11 MMT in 2016 and we aim to achieve coal trading and mining volume of 200 MMT per annum by 2020, thereby making Adani one of the largest mining groups in the world.
Logistics denotes a large network of Ports, Special Economic Zone (SEZ) and Multi-Modal Logistics - Railways and Ships.
Adani owns and operates eight ports and terminals in India. These are at Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Orissa, Mormugao in Goa, Visakhapatnam in Andhra Pradesh and Katupalli in Chennai. Mundra Port, which is the largest port in India, benefits from a deep draft, first-class infrastructure and SEZ status. Cargo volumes touched 152 MMT mark in 2016. Adani is developing a terminal at Ennore in Tamil Nadu and Vizhinjam.
Energy involves Power generation, Renewables, transmission and Gas distribution.
Adani Power Ltd is the largest private thermal power producer in India with an installed capacity of 10,480 MW. Our four power projects are spread out across the states of Gujarat, Maharashtra, Karnataka and Rajasthan.
Adani Transmission Ltd is one of the largest private sector transmission companies in India with more than 7,000 circuit kms of transmission lines across Western, Northern and Central regions of India. The company was listed last year on the National Stock Exchange and Bombay Stock Exchange as a separate entity.
We also provide a range of reliable and environment friendly energy solutions, in the form of CNG and PNG. The above-mentioned installed capacity of Adani Power also includes a 40 MW solar plant at Bitta, Gujarat. Further, the company has operational 648 MW solar power project at Ramanathapuram district in Tamil Nadu, a 100 MW solar power plant in Bhatinda, Punjab and has also recently signed a JV with the Rajasthan government to develop the country's largest solar park in the state with 10,000 MW capacity.
Agro includes modernizing the agriculture sector and bringing food security with self-reliance through its three main agro verticals – Agri-Business, Agri Logistics and Fresh Farm Products.
A joint venture between Adani Group and Wilmar International Limited, Adani Wilmar Limited (AWL) is currently the fastest growing FMCG Company in India with a superior product range of Edible oils, Basmati rice, Pulses, Soya Chunks and Besan.
Fortune, the flagship brand of AWL has consistently remained the no.1 brand from past 14 years.
The company’s strong distribution network reaches out to consumers with 1 million outlets spanning all over India, catering to almost 30 million households.
AWL is one of the major industrial suppliers of Oils & Fats, Oleo chemicals, Castor Oil derivatives and Soya value added products
The Group’s Agri-Fresh division has the largest integrated apple supply chain with ultra-modern storage infrastructure. Adani’s brand FARMPIK is India’s No. 1 apple brand.
The Agri-Logistics division manages India’s first integrated bulk handling, storage & logistics system for food grains and provide seamless end-to-end bulk supply chain to Food Corporation of India.