APM Terminals Pipavav consolidated net profit rises 31% to INR 981.34

million in Q4FY23 (INR 750.89 million

PIPAVAV: APM Terminals

Pipavav (Gujarat Pipavav Port Ltd), one of the leading gateway ports in Western India reported 31% rise in consolidated net profit at INR 981.34 million for the fourth quarter of the year ended March 31, 2023 compared to INR 750.89 million in the corresponding period of last year. Revenue from operations for the fourth quarter under consideration stood at INR 2,347.28 million asagainstINR2,196.74millioninthecorrespondingperiod

MAWANI : Dammam added to MSC’s India to South Africa Service

RIYADH: The Saudi Ports Authority (Mawani) has announced the inclusion of Dammam to the India to South Africa freight route runbycontainergiantMSC.

The new weekly rotation, which kicked off in early May from King Abdulaziz Port, links Dammam to major hubs that include Mundra, Hazira, Nhava Sheva, Colombo, Port Louis, Durban, Khalifa, Jebel Ali, and Khalifa bin Salman on board five vessels with an average holding capacityof6,000TEUs. Cont’d. Pg. 23

Adani Group exploring $3-billion investment in Vietnam

HANOI:TheVietnamGovernmenthassaidAdaniGroup is exploring $3-billion investment in the country’s seaport ecosystemandwindandsolarenergyprojects Cont’d. Pg. 19