Adani Ports ends FY23 with a record 339 MMT

Ahmedabad : The Adani Group’s Adani Ports and Special Economic Zone Ltd (APSEZ) handled 32 MMT of total cargo in March 2023, an increase of 9.5% from the previous year. APSEZ is India’s largest integrated transport utility. The volumes hit 30 MMT for the first time since July 2022. In FY23 (April 2022–March 2023) APSEZ handled 339 MMT of port cargo, an all-time high and an increase of 9% year over year. Adani Ports’ market share growth over the past few years has far outpaced India’s overall cargo volume growth.

“The increase in cargo volumes is evidence of the trust our customers have in us,” said Mr Karan Adani, CEO and Whole Time Director of APSEZ. It’s evidence that we’re serious about using streamlined processes and seamless tech to boost satisfaction among our clientele. Mundra, the APSEZ’s crown jewel port, is surging ahead of its competitors and remains India’s busiest port. “Mundra is India’s gateway for container goods because its infrastructure is up to international standards and its service levels are on par with those of its global competitors.

APSEZ’s total container volumes handled in India increased to 8.6 MTUs (+5% YoY), with 6.6 MTEUs of that total coming from Mundra. With 155 MMT of cargo passing through it every year, it remains India’s busiest port. Even the logistics industry had a banner year. An all-time high of over 500,000 TEUs was reached for container rakes handled this year (+24% Y-o-Y), while over 14 MMT of bulk cargo was moved, representing a 62% Y-o-Y increase. The number of ships docked at APSEZ this fiscal year was 6,573, the number of rakes serviced was 40,482, and the number of trucks, trailers, and tankers handled was a record high. (48,89,941). Adani Ports’ various divisions served 3,068 separate customers.

Increase in cargo volume at ports reflects country’s economic prosperity. Almost 95% of the trade volumes in India are carried through maritime transport. So, having world-class mega ports is imperative for the Indian coastline. APSEZ has strategically built a string of ports across the Indian coastline along with ICDs (inland container depots) and warehouses, woven intricately with self-owned rakes, covering around 90% of the country’s hinterland.

The capability to maintain deep draft ports enables APSEZ’s customers bring larger vessel parcels, thereby lowering their overall logistics cost. The lower logistics costs allow businesses to export goods, boosting domestic economy and raising the employment rate in the process. Mundra handled the deepest container vessel – MSC Washington with an arrival draft of 17.0 meters – ever handled by any Indian port, and the largest vessel, MSC Fatma, with a vessel length of 366 m and carrying capacity of 15,194 TEUs. The port also docked its first LNG-fueled vessel, Aframax Crude Oil Tanker, at its SPM facility. The draft is 14 meters long with a total displacement of 1,26,810 MT.

Among India’s ports that can handle cape-size vessels with deeper drafts, Krishnapatnam Port has the highest departure draft recorded in Indian maritime history. A fully loaded cape-size vessel, MV NS Hairun, with a maximum draft of 17.85 meters sailed out from the port with 168,100 MT of iron ore. It received the largest parcel size of gypsum MV SHINYO GUARDIAN with 163,781 MT.

Busy traffic was witnessed at other ports as well with Dahej receiving “MV STAR OPHELIA” carrying 1.24 lakh MT of gypsum cargo, Kattupalli handling the largest dry bulk parcel size vessel, MS Tristar Dugon, with a 76,250 MT discharge of gypsum and Hazira getting the largest over dimensional cargo (OCD) with a volume of 45752 cubic meters.

The engagement with container lines and the resolve to deliver on commitments has led to more new services at APSEZ terminals, raising volumes. While Hazira reported the highest ever sugar cargo volume of 1.15 MMT as compared to its previous best of 0.95 MMT, Krishnapatnam recorded an all- time high gypsum discharge of 1.17 MMT. Gangavaram dispatched the highest amount of alumina bulkers on a single day whereas Dhamra exported 1,57,000 MT of iron ore on MV Mojo, which sailed out with a deep draft of 17 meters, and Kattupalli posted a 58% rise in container volume.

Mundra has the fastest turnaround time for vessels allowing ships to berth immediately. With the focus on improving operational efficiencies along with customer-oriented initiatives, it has achieved remarkable feat and create new benchmarks. It handled highest ever RO-RO volume of 2.09 lakh cars in this financial year as compared to previous high of 1.87 lakh. This rise is the result of the confidence shown by the long-time customer Maruti Suzuki India Limited.

APSEZ consistently works on cargo diversification at all its ports. This year, Krishnapatnam Port successfully added soybeans, edible oil and sugar to its cargo portfolio while Dighi Port handled sugar, for the first time and Dhamra its first rice vessel for export to Bangladesh.

APSEZ’s achievement underlines its ability to adapt to fast-paced changes due to global market and geopolitical volatility and continue its journey towards sustainable growth. Improved port infrastructure means better logistics performance and higher seaborne trade and economic growth, key to India becoming a $5 trillion economy.

About Adani Ports & Special Economic Zone Ltd

Adani Ports and Special Economic Zone Ltd (APSEZ), a part of the globally diversified Adani Group has evolved from a port company to an Integrated Transport Utility providing an end-to-end solution from its port gate to customer gate. It is the largest port developer and operator in India with 6 strategically located ports and terminals on the west coast (Mundra, Dahej, Tuna and Hazira in Gujarat, Mormugao in Goa and Dighi in Maharashtra) and 5 ports and terminals on the East coast of India (Dhamra in Odisha, Gangavaram, and Krishnapatnam in Andhra Pradesh, and Kattupalli and Ennore in Tamilnadu) representing 24% of the country’s total port volumes, thus providing capabilities to handle vast amounts of cargo from both coastal areas and the hinterland. The company is also developing two transshipment ports at Vizhinjam, Kerala and Colombo, Sri Lanka. Our Ports to Logistics Platform comprising port facilities, integrated logistics capabilities including multimodal logistics parks, Grade A warehouses, and industrial economic zones, puts us in an advantageous position as India stands to benefit from an impending overhaul in global supply chains. Our vision is to be the largest ports and logistics platform in the world in the next decade. With a vision to turn carbon neutral by 2025, APSEZ was the first Indian port and third in the world to sign up for the Science-Based Targets Initiative (SBTi) committing to emission reduction targets to control global warming at 1.5°C above pre-industrial levels. For more information, please visit www.adaniports.com