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APM Terminals to team up with Wan Hai Lines for JNPT box terminal

Friday, 24 Sep 2021
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APM Terminals Management, the container port operating unit of AP Moller-Maersk, is set to partner with Taiwanese container line Wan Hai Lines to bid for the container terminal tender issued by the Jawaharlal Nehru Port Trust (JNPT) as potential bidders look to tie up with lines to secure volumes.

JNPT has sought bids in August 2021 to privatise the container terminal self-operated by the state-run port authority.

APSEZ is teaming up with Terminal Investment, a unit of Mediterranean Shipping Company, the world's second biggest box line, to bid for the project.

CMA Terminals, a subsidiary of CMA CGM, the world’s third largest container shipping firm, is also looking to participate for the terminal project designed to handle 1.8 million TEUs a year.

Gateway Terminals India, 74 percent owned by APM Terminals, runs one of the five container terminals operating at JNPT. In FY21, the facility in which the Container Corporation of India (CONCOR) holds 26 percent stake, handled 1.668 million TEUs.

APM Terminals is not partnering with CONCOR on the container terminal tender as the state-run rail hauler is being lined up for privatisation by the government.

 

 
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