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Maersk
Sealand, which recently picked up
a 14.2 per cent equity stake in
Gujarat Pipavav Port, on India’s
northwestern coastline, has taken
over management control of
India’s first privately owned
port from PSA Corp of Singapore.
PSA
continues to hold 24.8 per cent of
the equity, and which had taken
charge of the port’s management,
a little under two years ago.
It
is understood that PSA was unable
to promote Gujarat Pipavav
effectively and growth throughput
was unimpressive.
Maers
is expected to utilise the port
more, in the same manner it uses
Salalah in Oman and Port of
Tanjung Pelepeas in Johor for
transshipment. In both the ports
Maersk has taken 30 per cent stake
and has strong management and
operational presence at the two
ports.
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