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MARSEILLE/ AHMEDABAD: April 25, 2017. CMA CGM and the Adani Ports Special Economic Zone (APSEZ) are to operate India's latest and largest container terminal at Mundra Port in the country's northwest Gujarat province.

CMA CGM AdaniCMA CGM has signed a joint venture agreement with the port and infrastructure subsidiary of the Adani Group for 15 years with an option to extend the deal for a further decade.

The opening of the new 'CT4' terminal at the privately-owned Mundra Port makes it the only box facility on India's west coast capable of handling the world's largest container ships.

With an annual handling capacity of 1.3 million TEU, CT4 includes four 65 tonnes rail mounted quay cranes to handle 18,000 TEU SuperPost and Ultra Large Container Vessels.

The CT4 is CMA CGM's first port investment in the country noted CMA CGM CEO Rodolphe Saadé: "This joint-venture with Adani Ports reinforces our position in one of the world's fastest growing economies and highlights our firm belief in the potential growth of trade between India and the rest of the world,"

APSEZ CEO Karan Adani said the partnership with the French container line was a notable milestone that would produce significant value to Mundra Port and its ability "to set the bar even higher on the crucial parameters of efficiency, productivity and faster turnaround times for larger vessels, which will directly translate into competitive advantages for our customers".

In addition to three APSEZ container handling facilities at Mundra, Hazira and Kattupalli, Adani Ports is constructing a transhipment hub in Vizinjham, Kerala and two more terminals at Ennore in Tamil Nadu and Dhamra in Odisha.

Pictured left to right: CMA CGM CEO Rodolphe Saadé and APSEZ CEO Karan Adani.

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