b'14American Journal ofTransportation ajot.com(ADANIcontinued from11%YoYto$1.55billion, page 4) whilelogisticsrevenueroseCMA CGM and Marsa Maroc in JV to riskthatthecompanycon- by 17% YoY to $139.5 mil-tributes to serious violationslion.EBITDA(excludingequip and operate half of the Nador of individuals rights in situa- forex) increased by 21% YoY tions of war or conflict. to $1.11 billion. West Med container terminalAPSEZ had been on theOperational highlights saw central banks watch list forMundra Port in Gujarat handleThe CMA CGM Group, a global leader inof quay with a maximum draught of 18 meters.potentialexclusionfrommorethan100MMTin181sea, land, air, and logistics solutions, signedAlready present in Morocco in the Euro-investmentsinceMarchdays, while Vizhinjam port inwith Marsa Maroc, a national leader in port ter- gate Tangiers and Casablanca container termi-2022,owingtoareportedThiruvananthapuramdockedminal management, a joint venture agreementnals (via SOMAPORT), the CMA CGM Group businessassociationwiththelargestcargoshipeverto equip and operate for 25 years a 750-meteris pursuing with this strategic and operational thearmedforcesinMyan- tocallSouth Asia,theMSCsection of quay and 35 hectares of yard withinagreement its development as a major player in mar.AdanisinvestmentinClaude Girardet. the Nador West Med container terminal.the countrys supply chain.its neighbouring country hasDuringthequarter,weThis joint venture, in which CMA CGM now been abandoned. alsodiversifiedourmarineandMarsaMarocwillhold49%and51%s igniFicAnt investments FOr OPtimumNevertheless,Adanifleet, adding 26 offshore sup- respectively,willequipandoperate50%ofPrOductivity And service quAlitysaysitsportsandlogisticsportvessels,addedGupta.the Nador West Med container terminal, i.e.Within the framework of a 25-year sub-operation is seeing contin- Ourlogisticsbusinesstoo35 hectares of container yard and 750 meters(EQUIPcontinued page 15)ued growth across our opera- achievedrobustgrowth, tions. Announcing half yearenhancinglast-mileconnec-results at the end of October,tivity through expansions in(RECORDcontinued from page 10) Problems with low water on the Mississippi, APSEZdirectorandCEOrakes(coupletrains),ware- The result according to Port statistics thedue to a lack of rainfall, are not impacting the Port, AshwaniGuptasaidhousing,MultiModalPort generates: Matthews said: We have not seen any significant the company handledLogisticsParksand Over 50% of all U.S. grain exports changes on our endin (the) lower Mississippi 220millionMetricagri-silos. Soybean40.4 million short tons River. Usually when thereslow waterthe Tons(MMT)ofMundraPorts Maize31.4 million short tons difficulty is in Tennessee, Arkansas, Illinois, and cargovolumeinmilestoneofcross-Animal Feed12.1 million short tons MissouriAnd so, thetraffic issues are there, H1FY25(up9%ing 100 MMT in 181 Wheat3.8 million short tons but once they get down toour area, were able Year-on-Year).Thisdays and our cargo1millionshorttonsofothergrain[Miloto get a lot of that grain exported out by ship. So, growth, he said, wasvolumetrajec- (Sorghum) and Rice] we havent seen any changes.primarilydriventoryreaffirmThe Port is also one of the top energy transfer bycontainers,ourconfidenceports in the United States: t OnnAgewhichwereupindeliveringIn 2023, the Port generated the following 19% YoY. our FY25 cargoP etrOleumi mPOrts : tonnages (In Short Tons)O p e r a t i n gAPSEZ director andguidance and hit-43% of importsCrude Oil, Petroleum Prod- Exports: .57,234,230 revenuegrewbyCEO Ashwani Gupta ting the upper enducts, and other mineral fuelsImports: .41,673,874 13%YoYto$1.76billion.of our EBITDA guidance for Crude Oil58.9 million short tons Transshipments: 149,130,992 Portsrevenueincreasedbythe year.Not Impacted by Low Water on the MississippiTotal Tonnage: 248,130,992With more than 250 locations across five continents, we are a premier terminal SSAMarineoperator offering a full spectrum of services and cargo handling.www.ssamarine.com A Carrix Enterprise'