APM Terminals continues development plans
APM Terminals has underlined its drive to continue developments at its portfolio of major international facilities via its considerable infrastructural investment at Port Pipavav, the company’s gateway into the lucrative north-west India market.
The terminals giant has just switched on the first of two new post-Panamax gantry cranes at Pipavav, bringing the total number of cranes at the facility to eight, and has also opened a new fertiliser bagging plant, enabling the port to now handle 10,000 tonnes a day, as opposed to 1000 tonnes previously.
Since taking over Pipavav, APM Terminals has invested US$220 million into the port, and will see its major dredging project completed there in May. The news comes as similar efforts are being made to raise capacity at Aqaba Container Terminal, on the Red Sea, and as the Bahrain Gateway terminal opens for operations.
“The port’s strategic location and excellent connectivity make it the best choice for shippers in the Asian, African, Middle-East, European, Mediterranean and US trade lanes,” said Kim Fejfer, CEO of APM Terminals, who was present at the ceremony.
“We are strongly committed to India, as seen in our significant, ongoing investments at Pipavav and at our Gateway Terminals of India facility at Nhava Sheva in Mumbai,” Fejfer added.