World’s Biggest Container Shipping Line Acquires 49% Stake In Adani’s Ennore Terminal
Adani Ports and Special Economic Zone Ltd (abbreviated the APSEZ) announced on Friday that it was entering a second strategic partnership for the seamless operation of Adani Ennore Container Terminal Pvt Ltd (popular as the AECTPL) with Mediterranean Shipping Company’s (the MSC) arm, Terminal Investment Limited (abbreviated TiL).
TiL is an MSC associate, while the latter is the world’s greatest container shipping line. The company is poised to purchase a whopping 49% stake in the AECTPL from the APSEZ via a subsidiary named Mundi Ltd for Rs 247 crore.
This is the companies’ second joint venture, following the 2013 JV with TiL for the Adani International Container Terminal Pvt Ltd (abbreviated the AICTPL), which manages CT3 Container Terminal based at Mundra Port, the country’s biggest private commercial port.
Reference: The Industry Insight
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
About Author
Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.
About Author
Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.
Do you have info to share with us ? Suggest a correction
Related Articles
Daily Maritime News, Straight To Your Inbox
Sign Up To Get Daily Newsletters
Join over 60k+ people who read our daily newsletters
By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.