Monopoly fears as MSC buys into Vizhinjam Port

Container transhipment momentum at India’s Vizhinjam Port is set to accelerate, with global liner leader MSC agreeing to invest in Adani Ports’ flagship project. A 49% stake buy, for some $1.4bn through MSC’s port arm, TiL, comes as Adani Ports (APSEZ) had embarked on a major phase 2 expansion programme at the new hub, costing some $1.7bn. This will nearly quadruple box-handling capacity, from 1.6 Read full article →