Adani's Vizhinjam port to expand capacity with launch of second phase

Quick Summary:

The Vizhinjam transshipment terminal, which began operations in July and has handled about 250 container ships so far, is forecast to attract about Rs 9,500 crore ($1.

Vizhinjam has the potential to reduce India’s dependence on this port with a significant Chinese presence.

Indian ports have been losing an estimated $220 million in potential revenue annually due to this and businesses are bearing additional costs of $80 to $100 per container, the people said.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaItalySouth KoreaSingaporeSpain

Topics: Transshipment Capacity Global shipping Investment Vizhinjam port Adani Group Kerala

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 09:42:00 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28315975

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