PSA Mumbai poised to become India’s largest container terminal

PSA Mumbai

The prime ministers of India and Singapore gave speeches yesterday ahead of the inauguration of what will become India’s largest container terminal.

With the inauguration of its phase two expansion, PSA Mumbai is poised to become India’s largest container terminal, doubling its annual handling capacity to 4.8m teu. Designed to accommodate multiple mega container vessels alongside with 2,000m of continuous quay length, PSA Mumbai is the result of $1.3bn committed by PSA under a public-private partnership model, the largest foreign direct investment from Singapore in India to date.

Are you Paying High Taxes in New Jersey, New York, or California?

India is accelerating container terminal developments across the country. Last month, Maersk’s port operating arm, APM Terminalssigned a memorandum of understanding with India’s Andhra Pradesh Maritime Board to invest $1.1bn in the development of three key ports in the state.

India has attracted other global carriers, with MSC, the world’s largest boxship operator, also eyeing multiple opportunities in the country.

Source: Splash247.com

Avoid Paying Taxes in 2025

Crude Oil, LNG, Jet Fuel price quote

ENB Top News 
ENB
Energy Dashboard
ENB Podcast
ENB Substack

Need Power For Your Data Center, Hospital, or Business?

Be the first to comment

Leave a Reply

Your email address will not be published.


*