Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operating firm, will begin a feasibility study into building a greenfield multi-purpose port mainly for handling containers at Carey Island in Malaysia’s Selangor state, about 50 km southwest of the capital, Kuala Lumpur.
The project follows the signing of a Memorandum of Understanding (MoU) between APSEZ and MMC Port Holdings, a wholly-owned unit of MMC Corporation (MMC), one of Malaysia’s top utilities and infrastructure group with diversified businesses ranging from ports and logistics, energy and utilities and engineering and construction.
“Malaysia is very strategic to APSEZ global strategy and with the straits of Malacca being a global shipping route, it helps us to drive our global transhipment strategy further. With Vizhinjam port on one side, Carey Island port on the other, we will be able to give transhipment solutions to global shipping lines,” said Karan Adani, Chief Executive of APSEZ.
Simultaneously, MMC Port Holdings, Sime Darby Property and APSEZ have signed a separate MOU to study the feasibility of developing an integrated maritime city on Carey Island to support the planned new port.
Apart from developing and running India’s biggest private port located at Mundra in the north-western state of Gujarat, APSEZ also is the country’s biggest container handler outside state control. The firm also operates container handling facilities in Hazira, in Gujarat on India’s western coast and at Kattupalli near Chennai in Tamil Nadu on the eastern coast.
APSEZ will soon start operating a new container handling facility it has built at Kamarajar Port at Ennore near Chennai. The firm is also building a mega container transhipment port at Vizhinjam on India’s southern tip, located in Kerala’s capital Thiruvananthapuram.
MMC Port Holdings is Malaysia’s largest port operating group and currently runs five terminals on the country. It also has a 20% stake in Red Sea Gateway terminal in Jeddah.