Adani's ambitious Vizhinjam Port to revolutionise India's maritime landscape

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alleging corporate malfeasance — charges the Adani Group has denied. With a dominance that already spans ports, mines, airports and power utilities, Vizhinjam will further cement the billionaire’s status as India’s infrastructure king. Also Read: Adani Ports share price rises 3% as brokerages expect up to 28% upside potential The proximity to the international shipping routes that accounts for 30 percent of global cargo traffic and a natural channel that goes up to 24 meters below the sea makes Vizhinjam an ideal hub for some of the world’s biggest ships to call in.

Until now, the biggest container ships have been skipping India because its harbors weren’t deep enough to handle such vessels and docking at neighboring ports such as Colombo, Dubai and Singapore. Transshipment refers to transferring cargo from an original ship to another, bigger mother ship at a port on the way to the cargo’s final destination. The much-awaited deep-sea port along Kerala’s scenic coastline has been developed by Adani Ports and Special Economic Zone Ltd.

in collaboration with the local state government. Adani Ports, India’s largest private sector port operator with a 30 percent market share, is also developing Israel’s Haifa port and plans to build a hub in Vietnam, as part of its expanding global footprint. “The Indian ocean is 50 percent of sea trade," said Chakri Lokapriya, chief investment officer at TCG Asset Management Co.