MSC pays $1.4bn for 49% stake in Adani’s Vizhinjam port

MSC Mediterranean Shipping Company (MSC) is deepening its bet on India’s fast-growing container market, with its terminal arm Terminal Investment Limited (TiL) agreeing to acquire a 49% stake in Adani Ports’ Vizhinjam transhipment terminal in a deal valued at $1.4bn. The transaction values the Kerala port at approximately $2.85bn and is being billed by the partners as the largest foreign private investment in Indian port infrastructure. Adani Ports & Special Economic Zone (APSEZ) will retain a controlling 51% stake, continue to manage the board and consolidate Adani Vizhinjam Port Private Limited as a subsidiary. The deal remains subject to regulatory approvals. The investment will be completed in two phases. TiL will initially pay $539m for its equity stake, before investing a further $858m towards its share of the terminal’s ongoing expansion programme, which is scheduled for completion by the end of 2028. Commissioned in December 2024, Vizhinjam is India’s first purpose-built deep-draft transhipment port and has rapidly established itself as one of the country’s fastest-growing container gateways. The terminal currently has annual capacity of 1.6m teu, which will increase to 5.7m teu once expansion works are completed. The deal strengthens an already close relationship between APSEZ and MSC. It is the third joint venture between the companies following collaborations at the Mundra and Ennore container terminals. Sam Chambers Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune. Read Next June 30, 2026 Castor adds second modern kamsarmax in a week June 30, 2026 Vallourec joins contractor line-up on Azule’s $5.1bn Angola development June 30, 2026 KHNP-led group secures preferred bidder role for Korean offshore wind project June 30, 2026 Bureau Veritas agrees sale of fuel testing division to Triton Partners June 30, 2026 Skyborn takes full control of German offshore wind farm Back to top button