Adani Group's Vizhinjam Port: India's First Transshipment Hub
| Aspect | Details |
|---|---|
| Event | Adani Group's Vizhinjam Port in Kerala approved as India's first transshipment port. |
| Approval Authority | Ministry of Ports, Shipping, and Waterways. |
| Significance | Allows cargo transfer from large to smaller vessels, supporting India's manufacturing hub goal. |
| Current Market | Major transshipment handled by foreign ports (e.g., Colombo, Singapore). |
| Project Initiator | Adani Ports and Special Economic Zone Limited (APSEZ). |
| Project Start Year | 2015. |
| Planned Completion | 2019 (now expected in current fiscal year). |
| Key Competitors | Colombo, Sri Lanka, and other foreign ports. |
| Port Infrastructure | Advanced automation, designed to handle Megamax containerships. |
| Initial Capacity | 1 million TEUs (Twenty-foot Equivalent Units). |
| Future Expansion | Up to 6.2 million TEUs in subsequent phases. |
| Financial Performance | APSEZ to announce Q4 FY2024 results on May 2. |
| FY2023-24 Cargo | 420 million metric tonnes globally, a 24% YoY increase. |