APM Terminals Pipavav Profits Slide
APM Terminals Pipavav (Gujarat Pipavav Port Ltd), has announced its financial results for the third quarter ended December 31, 2017. The company reported a net profit of INR 500 million ($7.8 mln) for Q3FY18 as against INR 645 million ($10 mln) in Q3FY17. Total Income for the quarter under consideration stood at INR 1,627 million ($25.5 mln) as against INR 1,692 million ($26.5 mln) in Q3FY17. EBIDTA for the quarter was at INR 947 million ($14.8 mln) and EBIDTA margin stood at 58%.
APM Terminals Pipavav Handles 10,000 TEU vessel
Gujarat Pipavav Port Ltd (APM Terminals Pipavav) announced the successful berthing of the largest container vessel with capacity of approximately 9,971 TEUs in the history of the port. Maersk Saltoro is the largest container ship (981 feet long) ever to call at APM Terminals, one of western India’s fastest growing gateway ports. "The berthing of Maersk Saltoro, at nearly 10,000 TEUs capacity, reaffirms APM Terminals Pipavav’s operational capabilities and infrastructure,” said Keld Pedersen, managing director of APMT Pipavav, in a written statement.
RoRo Operations Start at APM Terminals Pipavav
APM Terminals Pipavav (Gujarat Pipavav Port Ltd) and NYK Auto Logistics (India) today announced the commencement of RORO operations at Pipavav Port. Ford Motors India Pvt Ltd dispatched the first lot of its new Ford FIGO built in its Sanand plant in Gujarat for exports. The first RoRo vessel, m.v.Grand Dahlia, berthed at Pipavav on August 26 and loaded 1,300 vehicles. Officials from APM Terminals, NYK Auto Logistics and Ford Motors welcomed the vessel and marked the inauguration of RoRo operations with a simple ceremony held on board.
Gujarat Pipavav Port Profit Jumps 16%
Gujarat Pipavav Port Ltd. (APM Terminals Pipavav), operating one of western India’s fastest growing gateway ports, today reported a 16% jump in net profit for the fourth quarter ended 31st December 2014, as against INR 771 million in the corresponding quarter last year mainly driven by an increase in reefer cargo exports as well as increase coal and fertilizer imports. Commenting on the results, APM Terminals Pipavav Managing Director, Mr. Prakash Tulsiani said: “Our container cargo is in the same range as the corresponding quarter of the previous year as we had an exceptionally great Q4CY13.
APM & NYK Plan RoRo facility at Pipavav
APM Terminals operated Gujarat Pipavav Port Ltd (APM Terminals Pipavav) and NYK Auto Logistics (India) today announced setting up of a dedicated automobile yard (RoRo) at Pipavav Port. Under the arrangement, NYK Auto Logistics (India) Pvt. Ltd. has been sub-leased land parcels by Gujarat Pipavav Port inside its premises for developing a dedicated common user integrated RoRo terminal with India’s first port based PDI and Vehicle Processing Center. Gujarat Pipavav Port will provide…