India’s Adani Ports and Special Economic Zone (APSEZ) group has reported record breaking figures for the 2022/3 financial year ending March 31st. The group handled a total of 339 million tonnes, up 9% compared with the previous 12 months, increasing its market share within the Indian ports sector.
In terms of container volumes, APSEZ throughput rose 5% to 8.6 million TEU, with Mundra Port alone handling 6.6 million TEU. Mundra continues to be India’s largest seaport with around 155 tonnes of cargo handled during the year, APSEZ claims.
Other areas of the APSEZ business also achieved new records. Container rail traffic achieved a new milestone, passing 500,000 TEU, up 24% year on year, while bulk cargo volumes exceeded 14 million tonnes, a 62% jump compared with the previous 12 months.
Adani suggests that the key to its success is its ability to maintain deep draft ports which enables customers to bring in larger vessels, thereby lowering overall logistics costs. The group points out that during the year Mundra handled the deepest draft container vessel ever handled by any Indian port, MSC Washington, with an arrival draft of 17.0 m, and the largest vessel, the 15,194TEU MSC Fatma, with an overall length of 366 m.
Additionally, Krishnapatnam port had the highest departure draft recorded in Indian maritime history. A fully loaded Capesize vessel, NS Hairun, with a maximum draft of 17.85m sailed out from the port with 168,100 tonnes of iron ore onboard.
Adani also points out that it has achieved success in terms of cargo diversification at all its ports. Over the past 12 months Krishnapatnam added soybeans, edible oil and sugar to its cargo portfolio while Dighi handled sugar for the first time and Dhamra its first vessel carrying rice exports to Bangladesh.