Adani Ports & SEZ Ltd (APSEZ) on 4 July 2014 formed a joint venture (JV) with French shipping company CMA CGM to build a container terminal. The container terminal will be built at Mundra in Gujarat.
The terminal, fourth in number, will have a capacity to handle 1.3 million twenty foot equivalent containers annually. The construction phase will be completed in a 24 months.
The new terminal adds to the company's existing two container handling locations at Mundra and Hazira along with its already announced two container terminals to be constructed at Ennore in Chennai and Dhamra in Odisha.
CMA CGM is the third-largest container shipping line in the world. It has 24 offices and 8 direct shipping services in India.
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