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March 29, 2024
News

Amid growing volumes Mudra Port gains Middle East Regional Connections

India’s largest container gateway, Mundra Port, is expanding the breadth of its maritime service network.

By linking Mundra to the Persian Gulf region, Dubai-based shortsea operator Aladin Express has added a second line to its regional operations.

The ports that are visited by the new service, known as the Gulf-India Express 2 (GIX2), are Mundra, King Abdulaziz Port, Khalifa Bin Salman Port, Hamad Port, Jebel Ali, and Mundra.

By connecting Mundra to Sohar, Jebel Ali, Ajman, and Ras Al Khaimah, it completes the GIX loop that Aladin Express started in April.

The GIX service, according to the business, “provides another rapid and efficient solution for clients between the fast-growing and lively emerging economies of India and the Middle East.”

Strong capacity expansion and active carrier engagement methods by the port’s owner, the Adani Group, have driven Mundra’s growth. Five container terminals, including two that are jointly run by CMA CGM Group and MSC Group, are present in the private port.

A sizable amount of Mundra’s volumes are made up of transshipment loads handled by MSC and CMA CGM.
Data available indicates that Mundra’s combined container throughput for the quarters of April through June was 1.65 million TEUS, above the 1.48 million TEUS handled by Nhava Sheva/JNPT.

“Q1 Financial Year 2022-23 has been the strongest quarter in APSEZ’s [Adani Ports and Special Economic Zone] history, with a record cargo volume and highest ever quarterly EBITDA,” said APSEZ CEO Karan Adani in a statement. “This is an 11% jump on a robust performance in the corresponding quarter last year that witnessed the post-Covid demand surge.”

He further noted, “The company continued this strong performance in July and recorded 100 MMT of cargo through-put in the initial 99 days of FY23, a feat never achieved before.”

Adani continued, “Results are beginning to come from our plan to link the port gate and customer gate with an integrated utility model.

We are certain that our 350-360 MMT cargo volume full-year projection will be met.”

The Jawaharlal Nehru Port Authority, widely known as Nhava Sheva harbour, and Mundra are separated by around 300 nautical miles (JNPA). Mundra is a desirable port of call for carriers and shippers in the hinterland of northern India due to its efficiency benefits and dedicated rail-highway connectivity.

Users of some of the major services have occasionally received vacant calls in Nhava Sheva, but Mundra has not seen any delays in boarding in recent weeks.

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