Business, Freight News, Sea

CMA CGM and J M Baxi win tender

[ August 19, 2022   //   ]

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.
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.

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