中国海事商事仲裁资讯2023年第4季度,2023Q4

China Newsletter on Maritime and Commercial Arbitration (CHNOMACA)

India's first mega port opens

FROM:CMAC | 2023-12-31

"The port of Vizingam in southern India was officially opened on October 15, the country's first mega port that will allow India to grab a slice of the China-dominated pie of international maritime trade," "Indian Shipping News" gave the above comments on October 16, the day before the arrival of the first cargo ship unloaded the port of Vizingjam.

India's "Mint" reported on October 15 that the heavy-haul ship Zhenhua 15, which set off from China, unloaded its first crane at the port of Vizingam in India on the same day, marking that India has joined the list of countries with giant container ships, which will have a "revolutionary impact" on India's maritime trade.

According to Bloomberg News, Vizingjam Port is the first deep-water transshipment port developed by India, with a draft depth of more than 18 meters and a natural submarine channel of 24 meters deep, which will become an ideal hub for large ships to dock and attract ships from all over the world to India.

According to the analysis of the Mint, the federal government of India is formulating the "Indian Ocean Vision 2030", which aims to develop world-class large ports, transshipment centers, and modernize infrastructure, with an estimated investment of 1.25 trillion rupees. Now that large ships are becoming more and more important for trade between Europe and China, India is in a very strategic position on this trade route and should include itself in this route. Although India's container throughput is currently less than 10% of China's, if the port of Vizingjam can attract more vessels, it will put India and Adani ports on a stronger footing in global maritime trade.

However, India's road and rail network connecting ports to land-based warehouses and factories has yet to be established. The Hindu reported on October 13 that the overall Vizingjam port project is far from completion, and the local government has not yet built a 12-kilometer road connecting the port to the highway, or even launched an open tender for it. Bloomberg analysis said that the lack of such a main road support is a "Waterloo" for the development of any port.

(Source: Global Times)