CMA CGM And J M Baxi Win The Tender For Privatization Of Jawaharlal Nehru Port Container Terminal

• The joint venture partners sign the Concession Agreement on July 29th to develop business on the West Coast of India.
• A 30-year JV to upgrade, operate, maintain, and develop a 15m deep-drafted multi-user container terminal at Jawaharlal Nehru Port.
• A CAPEX development plan to accelerate the terminal’s development and offer improved capacity and service quality to customers.

CMA Terminals (CMAT), a fully owned subsidiary of the CMA CGM Group, a global player in sea, land, air and logistics solutions together with J M Baxi Ports & Logistics Ltd., a unit of the 106-year-old Mumbai-based J M Baxi Group, have won the tender for privatization of Jawaharlal Nehru Port Container Terminal (JNPCT) and will constitute a Joint Venture named Nhava Sheva Freeport Terminal Pvt Ltd. The signing of the 30-year Concession Agreement will take place on July 29th with Jawaharlal Nehru Port Authority (JNPA).

Nhava Sheva Freeport Terminal will be owned by J M Baxi Ports & Logistics (50%) and CMA CGM’s subsidiary CMA Terminals (50%) and will operate as a multi-user terminal. This agreement seals a long-term partnership, as part of a broader strategy towards developing cooperation in the fields of new logistics solutions, supply chain digitalization and training enhancement for younger generations in the fields of shipping and logistics.

A key partnership between two major terminal actors

Nhava Sheva Freeport Terminal will take-over JNPCT’s 680-meter quay length and 54 Ha of yard, developing it to become an efficient gateway for Northwest India, by enhancing capacity (up to 1.8 MTeus) with an upgrade of equipment, yard, and systems.

The consortium is well positioned to execute the plan, thanks to CMA Terminals Holding’s experience at 50 active port terminals across 33 countries together with J M Baxi Ports & Logistics’ strong track record of managing brownfield terminal concessions in India and 2 containers terminals at Vizag and Kandla.

Nhava Sheva Freeport Terminal’s offering is further enhanced by its intermodal connectivity via a rail freight corridor that connects the terminal to main production and consumption centers in India. This offers terminal customers quality integrated services at sea and ashore.

Strengthening the CMA CGM Group’s strategic presence in India
With this new concession agreement, CMA CGM is growing its terminal footprint while supporting the growth and efficiency of its commercial and operational activities in India. The group is consolidating its end-to-end service offering and establishing greater control over the logistics chain to offer its customers higher quality, integrated, digital and more environmentally friendly services in a context that requires a comprehensive approach to the supply chain. As one of the nation’s top ocean-freight carriers, CMA CGM is well positioned to serve its customers, thanks to a strong presence in India over the past three decades.

The CMA CGM Group has been operating for over 33 years with 20 branch offices PAN India and a combined workforce of 7 528 staff members. The group operates 14 weekly mainline services at 5 gateway ports in India, connecting major global destinations with a state-of-the-art intermodal network on land and in air. The Group reiterates its support to the Indian economy through this partnership which aims at broadening the country’s national trade with a wider access to regional and global markets.

Reference: CMA CGM

CMA CGM And J M Baxi Win The Tender For Privatization Of Jawaharlal Nehru Port Container Terminal appeared first on Marine Insight – The Maritime Industry Guide

Source: Maritime Shipping News