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The Hindu
3 days ago
- Business
- The Hindu
MSC Irina, billed as largest ship in the world, calls at Vizhinjam
MSC Irina, known as the biggest container vessel in the world operated by a Swiss-based container shipping giant, Mediterranean Shipping Company (MSC), reached the outer anchorage of the Vizhinjam International Seaport on Tuesday evening. This is the first time MSC Irina, the lead ship of the MSC Irina-class, a series of six identical ultra-large container vessels (ULCVs), is sailing into the coast of a south Asian port. Berthing of the ship is expected on Saturday or Sunday, as another six more vessels are in the queue to berth at the port before Irina. The Irina-class ships have a capacity of 24,346 TEUs (Twenty-foot Equivalent Units). The vessel could carry more than 24,300 standard 20-foot shipping containers stacked up to 22 decks. MSC Irina, amassive ship measuring 399.99 m in length and 61.3 m in beam, is the third ship in the Irina-class to call at the port. Earlier, MSC Türkiye and MSC Michel Cappellini, belonging to the same class, had called at the port here. The MSC Irina is expected to discharge around 4,000 container movements here. 2.20 lakh TEUs The port has handled a total of around 7.2 lakhs TEUs containers after the trial run and subsequent operations began at the port. In the current financial year, the port has managed to handle around 2.20 lakh TEUs containers, according to the port authorities.
The Hindu
02-05-2025
- Business
- The Hindu
Adani Ports to invest ₹13,000 crore to expand capacity at Vizhinjam transshipment port
Adani Ports & SEZ Ltd (APSEZ), the ports and logistics company of the Adani Group, will invest about ₹13000 crore to further expand the capacity of the Vizhinjam International Deepwater Seaport at Thiruvananthapuram, which was on Friday (May 2, 2025) dedicated to the nation by Prime Minister Narendra Modi. While the first phase of the project, India's first transshipment port, has been operational since last year taking very large ships, the additional investment will be made in the second phase of expansion which is scheduled to complete in 2028. Follow the LIVE updates on PM Modi's visit to Kerala and Andhra Pradesh The Public Private Partnership (PPP) project has come up with an investment of ₹7,000 crore, in which APSEZ's contribution is ₹4,300 crore, Karan Adani, Managing Director, APSEZ said. Answering a question from The Hindu, Mr Adani said, 'We will invest ₹12,000 crore to ₹13,000 crore in the second phase, and the entire money will be invested by APSEZ.' He said the company has approval for the second phase of expansion and the port's capacity would be increased to 5 million TEUs from 1 million TEUs currently. He said for the second phase the breakwater will be expanded by another 900 meters and the size of the berth will increase by 12 meters. The current length is the breakwater, which has been constructed in water depths of 18 to 20 meters. The overall height of the breakwater is 28 meters (which is equivalent to a 9-storey building). This is the deepest breakwater constructed in the country at a cost of ₹1,387 crore, which is fully funded by Government of Kerala. In 2015 the Kerala government signed an agreement with APSEZ to develop the port and Adani has a 40-year concession to build, operate, and transfer the port, with a provision for a 20-year extension. The port commenced trial operations in July 2024, receiving its first mothership, the San Fernando. In September 2024 and April 2025, it received the MSC Claude Girarde and MSC Türkiye, listed among world's ultra large container vessels and largest vessels ever visited an Indian Port. Since start operation, the Port has handled more than 280 vessels and 6 lakh TEUs. The port has a natural deep draft of 18m close to shore that requires no capital dredging, Vizhinjam can leverage its natural depth to host even ultra-large next-gen container ships requiring 20m+ drafts. It features India's tallest ship-to-shore cranes and is equipped with AI-powered vessel traffic management systems. Situated 10 nautical miles from the international east–west shipping route, Vizhinjam is poised to become a pivotal transshipment hub, reducing India's reliance on ports like Colombo, Singapore, and Dubai. Mr Adani said port is expected to significantly lower logistics costs for Indian manufacturers by 30-40%, enhancing the country's export competitiveness. He said the port will play a crucial role in India's maritime infrastructure. In FY26 APSEZ has announced to invest ₹12,000 crore at it's various ports in India and abroad. He said the company was looking for opportunities in South East Asia and East Africa. At a function organised at the port Prime Minister Narendra Modi said the capacity of this transshipment hub will triple in the coming years, enabling the smooth arrival of some of the world's largest cargo ships. He pointed out that 75% of India's transshipment operations were previously conducted at foreign ports, leading to significant revenue loss for the country. Emphasising that this situation is now set to change, he asserted that India's money will now serve India and the funds that once flowed outside the country will now generate new economic opportunities for Kerala and Vizhinjam's people.
Russia Today
02-05-2025
- Business
- Russia Today
Modi launches India's first transshipment port
Indian Prime Minister Narendra Modi has commissioned the Vizhinjam International Seaport in the southern state of Kerala. It is India's first deepwater transshipment port and was built at a cost of $1.07 billion. It is expected to bring major benefits to the nation's economy, according to industry watchers. 'On the one hand, there is this big sea with so many opportunities and on the other hand, there is the beauty of nature, in between there is this 'Vizhinjam International Deepwater Multipurpose Seaport', which is a symbol of new-age development,' Modi said at the inauguration. He was referring to the state of Kerala, a key tourist spot. Currently, nearly 75% of India's container cargo is handled by foreign ports such as Colombo, Singapore, and Dubai, resulting in longer shipping times and added costs, Modi said, adding that Indian ports 'lost revenue due to transshipment happening in ports outside India.' The foreign handling has led to India losing around $200-220 million every year, with each container rerouted through another country incurring extra charges of $80-100. However, with the commissioning of the Vizhinjam Port, this will change, Modi added. This project has been developed under a public-private partnership by Adani Ports and Special Economic Zone Ltd, which belongs to billionaire business tycoon Gautam Adani. Adani Ports is India's largest port developer. The port's natural sea depth of 18-20 meters close to the shore allows even the largest cargo ships in the world to dock without expensive dredging. Its proximity to the main east-west shipping route, just ten nautical miles away, eliminates the need for detours, industry watchers said. The port already received the MSC Türkiye, one of the world's largest container vessels, earlier this year, according to reports. India is taking steps to ensure that it can enable higher trade volumes with projects such as the transshipment facility, according to industry watchers.
Indian Express
02-05-2025
- Business
- Indian Express
‘Will bring economic stability': PM Modi commissions Vizhinjam port in Kerala
Prime Minister Narendra Modi on Friday inaugurated the Vizhinjam International Sea Port in Kerala in a major step towards putting the state on the global maritime map. Before inaugurating the port, PM Modi walked around the transshipment hub wearing a hard hat, taking stock of the facilities in the area. While speaking at the inauguration event, PM Modi said that the Vizhinjam seaport will bring economic stability to both Kerala and the nation. The Prime Minister said, 'On one hand, the big sea surrounds us with so many opportunities, while the beauty of nature lies on the other hand. In between this, the Vizhinjam International Deepwater Multipurpose Seaport has emerged as a symbol of new-age development.' The Vizhinjam Port is located in Kerala's capital city Thiruvananthapuram, and is expected to significantly boost India's presence in global shipping and trade routes. The port has been constructed by Adani Ports and Special Economic Zone Ltd (APSEZ), in partnership with the government. The project to build the now-fully operational port cost around Rs 8,867 crore, and received its commercial go-ahead in December last year after a successful trial phase. After a successful trial phase in July 2024, Vizhinjam International Seaport has made remarkable achievements in transhipment container handling, with over 285 ships docking docking at the port since, including some of the largest container ships in the world. MSC Türkiye, one of the world's largest container carriers, docked at the Vizhinjam last month, in a major achievement for India's first deepwater transhipment port.
Indian Express
02-05-2025
- Business
- Indian Express
PM Modi to dedicate Vizhinjam port to the nation today; CPI(M) and Congress claim credit
Prime Minister Narendra Modi will inaugurate the Vizhinjam International Seaport, the country's first international deepwater transhipment project in Kerala, to the nation Friday, marking the first phase of the Rs 18,000 crore mega investment. PM Modi, who reached Thiruvananthapuram, Kerala's capital, Thursday night, will fly to the port by a chopper at 10.15 am, and visit its operations centre and deck before inaugurating the first phase of the project, which has already emerged as the country's landmark in the maritime industry. Adani Ports and SEZ Private Limited are building the Vizhinjam International Seaport project on a design, build, finance, operate and transfer (DBFOT) model. Adani Group is investing Rs 9,000 crore in the project. Since the trial run began last July, Vizhinjam International Seaport has made remarkable achievements in transhipment container handling. So far, 285 ships have docked at the port, which includes some of the largest container ships in the world. Last month, MSC Türkiye, one of the world's largest container carriers, docked at Vizhinjam, marking another milestone in the journey of India's first deepwater transhipment port. The Mediterranean Shipping Company (MSC) had included the Vizhinjam seaport in its Jade service. This cemented Vizhinjam's role as a key hub in the Asia-Europe shipping route, ushering in a new era of maritime connectivity and economic growth. The inauguration of the Vizhinjam port comes two years after the fishermen community staged a protest against the project. Meanwhile, the ruling CPI(M) and the Opposition Congress got into a war of words over the parenthood of the dream project of the state. While CPI(M) has claimed that the project is a feat of its nine-year regime, Congress said the credit goes to the Oommen Chandy-led government, which had inked the deal with Adani Group in 2015. Congress has taken strong exception to highlighting the project as one of the major feats of the CPI(M)'s nine-year regime. Opposition leader V D Satheesan has decided to keep away from the inaugural function in protest against the last-minute inclusion of his name among the dignitaries. In 2015, when the Congress regime inked the pact with the Adani Group, Pinarayi Vijayan, then CPI(M) state secretary, had dubbed it a land scam worth Rs 6,000 crore. Later, the Vijayan government in 2016 ordered a judicial probe into it. But nothing emerged out of the probe. Chief Minister Pinarayi Vijayan Wednesday told the media, 'People will give credit to the deserving. Laying the foundation stone alone will not bring development. The last nine years have been very crucial and the state government has done all things it was bound to do to realise the project'. Satheesan said, 'The people of Kerala know that the project is a symbol of the willpower of the Chandy government of the Congress. It is ludicrous to see the CPI(M) government trying to usurp that credit,'' he said. Local legislator M Vincent, who represents the Vizhinjam area in the Kerala Assembly, Friday visited Chandy's grave at Puthuppally in Kottayam, before leaving to attend the inauguration.
