CMA Terminals, which is part of the CMA CGM Group, and the Indian port operator Adani Ports and Special Economic Zone (APSEZ) have signed an agreement on the creation of a joint-venture in operation of the new CT4 container terminal in the Mundra port. The agreement is for a period of 15 years with the option of extending for another 10 years. The container terminal CT4 is equipped with four Rail Mounted Quay Cranes of 65 tonnes and can handle vessels with a capacity of 18,000 TEU and has annual capacity of 1.3 million TEU. According to the both companies, the opening of the new terminal makes the port of Mundra to become the largest container port in India.
“The relatively advantageous location has made Mundra port ideally poised to position itself as the major gateway port for the India’s western coast”, said Adani Ports and Special Economic Zone in official press release.
The CT4 container terminal spans over 27 hectares, with a 650-meter long quay and a draft of 16.50 m.
The project was completed three months ahead of schedule. The launch of the new terminal brings the port closer to the goal of doubling the capacity to 6.6 million TEU, which will be achieved with the already begun expansion of the existing container terminal of the port, the partner of APSEZ in which is MSC.
“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”, said the CEO of Adani Ports and Special Economic Zone, Karan Adani.
CMA CGM has two port operators – Terminal Link and CMA Terminals. These subsidiaries enable CMA CGM to apply its expertise to both shipping and terminals, for optimal service. For CMA CGM, the Mundra terminal is its first port investment in India, and demonstrates its ambition to further increase its presence in this strategic and fast-developing country.