The Board of APM Terminals Pipavav [Gujarat Pipavav Port Ltd] has actually accepted anRs 7 billion (approx. EUR 80 million) development strategy. The financial investment will certainly be made use of to update the port’s existing centers to take care of larger ships as well as raise yearly container capability 1.35 to 1.6 million TEUs.

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With the execution of a Western Dedicated Freight Corridor (DFC) supply chain as well as inland logistics are anticipated to see dramatically enhancements in integrity as well as decrease transportation time moving forward. This will certainly boost general freight quantity for imports as well as exports. About 40% of the overall financial investments in the 1,535 kilometres DFC is most likely to be in Gujarat, which makes up around 37% of the location covered by the DFC.
“With this investment, we aim to strengthen our network and continue to provide best in-class services to all our stakeholders,” commentedMr Jakob Friis Sorenson, Managing Director, APMTerminals Pipavav “We are however awaiting the confirmation of concession extension from Gujarat Maritime Board (GMB) to execute the expansion plan. The container yard capacity will be expanded once the cargo growth is visible post commissioning of DFC. We expect the world economy and business to follow an expanded ‘U’ curve and normalcy in business to be restored by the second quarter of 2021.”
Port procedures are critical to guarantee that the supply chain stays nonstop as well as the schedule of vital products is kept. Ports are the lifelines of the maritime supply chain. Even throughout the lockdown duration, APM Terminals Pipavav effectively run without having a solitary favorable situation among its individuals, a statement of the treatment taken of their workers as well as the area around.
Reference: apmterminals.com