Page 12 - ITLN November - December 2023 for the magzter

Industry Report
Shipping

practices in port operations. Adhering
to the International Maritime
Organization’s alignment with the nine
UN Sustainable Development Goals,
which encompasses mandates on
safe, efficient, and sustainable ports,
becomes paramount. Incorporating
green initiatives like enhancing the
use of solar energy at ports, setting
benchmarks for zero-emission trucks
and port equipment, and participating
in green shipping corridors akin to the
United States-Singapore corridor are
vital steps towards achieving this end.
As India embarks on a journey of
deeper integration into the global
supply chains, technological innovation
and infrastructural upgrades at its
ports will be pivotal. Coordinated
efforts from various stakeholders 15 million TEU containers in the first
within the port ecosystem along with With as many as 14 phase and 23.2 million TEUs after the
international collaborations have the ports and terminals, the commissioning of its second phase.
potential to elevate India’s role in the Adani Group handles Dubai-owned ports giant DP World
global value chains, propelling the a quarter of all cargo will invest around $510 million to build
nation closer to its aspirational goal a new container terminal at the Kandla
of a $5 trillion-dollar economy. The passing through India’s port in the Indian state of Gujarat. "It will
pursuit of smart ports and sustainable ports. On the other enable the delivery of trade opportunities
practices is not only a strategic hand, the government's by connecting northern, western and
necessity but also a beacon guiding share has dropped to central India with global markets,"
India towards a prosperous and around 54.5% from Sultan Ahmed Bin Sulayem, who is also
environmentally conscious future in the 58.5% in 2013. DP World's CEO, said after the signing
realm of global trade. of an agreement between the Deendayal
Evolving the logistics sector is Port Authority and DP World officials.
not just about the sector itself, but The Jawaharlal Nehru Port Authority The Indian government earlier this year
broader global dynamics. The impact (JNPA) operated container terminals approved a plan by Hindustan Infralog
of high-profile incidents like the Ever and Adani Ports operated container Private Limited, a joint venture between
Given blockage of the Suez Canal or terminal in Mundra can handle only DP World and the state-owned National
semi-conductor supply chain issues mid-size container ships as they have Investment and Infrastructure Fund, to
of the past three years have shown a draft of 15 metres and 16 metres, develop the terminal on a Build-Operate-
the fragility of global trade. But it was respectively. Compared to this, the Transfer (BOT) basis.
global trade that has lifted nearly 1 world's largest container handling The new terminal, which should be
billion people out of extreme poverty in modern deep draft ports require a draft completed by early 2027, will boost
the past 30 years. of 18-20 metre. The ever-increasing container traffic in India and reduce
Geopolitical tensions, climate size of container ships makes it the cost of logistics. DP World operates
change and its effects on universal imperative that a deep draft container five container terminals in India – two
issues such as food security means our port in the west coast of India is in Mumbai and one each in Mundra,
supply chains are more fragile. Having developed, to accommodate such ships. Cochin and Chennai – with a combined
agility and resilience in our supply The deep-draft port at Vadhavan will capacity of about 6 million twenty
chains means it is a sector constantly be able to handle various types of cargo foot equivalent units (TEUs), giving it
needing to evolve. like containers, liquid including LNG, a market share of 28% of container
The proposed Rs 76,000 crore break bulk cargo, etc. as the natural traffic volume in the country. The
container port at Vadhavan in advantage of deeper draft of 20 metre new terminal will take the combined
Maharashtra has a natural draft of will be availed. The proposed deep capacity to 8.19 million TEUs.
around 20 metre close to the shore, draft port in Maharashtra is expected DP World’s Indian port and terminal
making it ideal to handle larger to have a container handling capacity investments are aligned with the
container vessels of 16,000-25,000 of more than 23 million TEUs by 2040, country's Vision 2047, which aims to
TEUs capacity, giving the advantages thereby placing India on the global quadruple port handling capacity and
of economies of scale and reducing map of the top ten container ports. To develop logistics infrastructure to boost
logistics costs. be built in phases, the port will handle economic growth. 
10
November - December 2023 www.itln.in