APM Terminals Pipavav Completes Expansion
Annual container handling capacity increased to 1.35 million TEUs from 850,000 TEUs
APM Terminals Pipavav (Gujarat Pipavav Port Ltd) reports it has completed its capacity expansion project on time and within budget, increasing its annual container throughput handling capacity from 850,000 TEUs to 1.35 million TEUs.
As part of the expansion plan, APM Terminals invested around Rs. 400 crore. The investment included buying new STS cranes, strengthening the existing berth, dredging and the improvement of the container yard and internal roads at the port.
For the bulk cargo handling business segment, the company has a current capacity of 4-5 million MTs of dry bulk cargo, 2 million MTs of liquid bulk cargo and approximately 250,000 passenger cars per year. Additional marine side and land side areas are available at port for future development.
Modal shift incentives currently under evaluation by the Government of India will further encourage shifting of domestic cargo from road to sea, and APM Terminals said the expansion project will help it to be future ready.
APM Terminals Pipavav Managing Director Keld Pedersen said, “The new larger capacity of Pipavav Port will help us in expand our services and flexibility towards the customers and help India to meet its tremendous economic potential through seamless logistic solution.”
“With Government’s initiatives such as ‘Make in India’, ‘Sagarmala’ and expanded coastal shipping , we see many new opportunities to accomplish our vision of being the ‘port of choice’ for container, bulk, liquid and Roll-On Roll-Over (RoRo) cargo in Western India,” Pedersen added.
