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GPL is located in the northern part of Andhra Pradesh next to Vizag Port. It is the second largest non-major port in AP with a 64 MMT capacity established under concession from govt of A P that extends till 2059.

Adani to acquire 58% more stake in Gangavaram port in AP for ₹3,604 cr

23 March 2021 5:38 AM GMT

March 23, 2021: The Adani Ports and Special Economic Zone (APSEZ) today announced that it is acquiring the 58.1 percent stake held by DVS Raju and...

Following a lockdown-induced export collapse and subsequent softening of containerized imports, containerized exports recovered sharply from mid-Q3 onwards, with no signs of slowing down.

Indian containerised exports grow 1% while imports contract 14% in 2020: Maersk

19 March 2021 9:01 AM GMT

March 19, 2021: In 2020, Indian containerised exports contracted in the first half and increased in the second half, consequently posting a full-year...

Furthermore, Maersk announces that all future owned newbuilt vessels will be able to operate on carbon neutral fuels.

Maersk to operate world’s first carbon-neutral vessel by 2023, not 2030

17 Feb 2021 11:15 AM GMT

February 17, 2021: Fast-tracked by advances in technology and increasing customer demand for sustainable supply chains, A.P. Moller - Maersk...

As part of a joint plan, the two ports have definedthree strategic priorities %u2013 sustainable growth, resilience and leadership in the energy and digital transition.

Antwerp, Zeebrugge ports to merge; will have 278 mn tonnes capacity

15 Feb 2021 8:06 AM GMT

February 15, 2021: The City of Antwerp and the City of Bruges in Belgium have reached an agreement to merge their respective ports which is expected...

APSEZ acquired Krishnapatnam Port in October 2020, which is now consolidated; hence the financial numbers of Q3 FY21 are not comparable to Q3 FY20.

APSEZ records 16% YoY PAT growth to ₹1,577 crore in Q3

12 Feb 2021 7:14 AM GMT

February 12, 2021: Adani Ports and Special Economic Zone (APSEZ, a part of globally diversified Adani Group announced its operational and financial...

While the demand surge in the second half of year created supply chain bottlenecks, including vessel and container shortages, and led to higher rates that contributed approximately $1.5 billion to results,

Maersk reports 44% EBITDA growth to 8.2 billion in 2020

11 Feb 2021 10:14 AM GMT

February 11, 2021: Despite low volumes during most of 2020, A.P. Moller – Maersk’s profitability grew throughout the first nine months and ended the...