Thiruvananthapuram, 26 December (IANS). Vizhinjam International Seaport Limited, operated by Adani Ports and Special Economic Zone (APSEZ), on Thursday welcomed the 100th commercial ship ‘MSC Michaela’.
This achievement has been achieved by Vizhinjam Port within six months of commencement of operations.
Karan Adani, Managing Director, APSEZ, in a post on social media platform “There is another great achievement in the making.”
Karan Adani further said, “This new port in Kerala with automated container handling facility is a good example of our drive towards leveraging cutting-edge technology in logistics.”
Vizhinjam Port is developed by APSEZ in collaboration with the Government of Kerala. This is the first transshipment port near Kovalam Beach in Kerala.
The first phase of Vizhinjam Port was commissioned in July this year and has a 3,000-metre breakwater and 800-metre container berth.
The second and third phases of the project are likely to be completed in 2028 and will be one of the greenest ports in the world.
This port is of strategic importance as it is just 10 nautical miles away from the international shipping route connecting Europe, the Persian Gulf and the Far East.
APSEZ is the country’s largest private port operator.
Adani Ports handled a total of 36 million metric tonnes of cargo in November, which was possible due to higher container volumes.
APSEZ’s net profit rose 42 per cent to Rs 5,520 crore in the first half of the current financial year, compared to Rs 3,881 crore in the same period last fiscal.
In the first half of FY25, the company’s income from operations grew 13 percent year-on-year to Rs 14,627 crore. During this period, the company’s income from ports increased by 11 percent on annual basis to Rs 12,824 crore.
–IANS
ABS/ABM
