b'2American Journal ofTransportation ajot.comDrewry GTO Review: The only way is up for Adani TERMINAL OPERATORS Indian player is highest placed new entry in latest& STEVEDORES 2024terminal operator guideBy Luke King, AJOTIndias Adani is the high- provided more detail on Ada-est-placed of the new entrantsnis growth. Adani Ports have inDrewryslatestGlobalemerged as the largest Indian Container Terminal Operatorsportoperatorsinceitopened Annual Review and Forecast,Mundra port in 2001, said the whileMSCGrouprecordedindependent maritime research strongest growth, thanks to itsconsultancy.Itspushinto earlier acquisition of Bolloroverseas markets is similar to Africa Logistics. the strategy it pursued in India, The position of the larg- with a focus on securing con-est global terminal operatorscessions to develop and operate (GTOs) at the top of the rank- ports and terminals.ings has further strengthened,Itsqualificationasa Drewry said, with the sevenGTOwasachievedonthe largestfirmsnowhandlingback of the winning bid made over40%ofglobalportby the Adani-Gadot group JV throughputonanequity- for the Haifa port concession adjusted basis. PSA Interna- in Israel, which was awarded tional retained the top spot in(ADANIcontinued onthe equity-adjusted rankings, page 4) MSC Claude Girardet at Vizhinjam port in Thiruvananthapuramwithanadjustedthroughput of 62.6 million TEU in 2023, up 4.6% over 2022.The seven largest GTOs allreportedequity-adjusted throughputofmorethan40 millionTEUin2023,saidSpeedandServiceEleanorHadland,author ofthereportandDrewrys senioranalystforportsand terminals.Whileseveral ofthesmallerGTOshaveWith a world-class labor force, fast turn times, superior customer service, and quick clearlystatedtheirintentionconnections to major roads and rail hubs, the Port of Long Beach is the premier West toexpandtheirportfolios, there are very limited oppor- Coast gateway for trans-Pacific trade.tunities to close the 30 mil-lion TEU wide gap that exists betweenthisleadingpack and the rest of the table. Lookingahead,Drewry expects AD Ports and Hapag-Lloyd to improve upon their rankings,oncethefull-year impact of their 2023 acquisi-tions will be seen. Last year, ADPortsGroupacquired Noatum, a Spain-based logis-ticscompany,forapproxi-mately $720 million, boosting its presence in 26 countries. AD Ports has integrated Noa-tumsmaritime,portsand logisticsbusinesses,which include operations in 16 ports across Spain and the UAE.Hapag-Lloyd,meanwhile, acquiredSAAMPortsand SAAM Logistics in a reported $1billiondeal,expand-ingitsfootprintacrossport operations in Latin America, includingChile,Ecuador andotherkeymarkets.It alsofinalizeditsacquisition of a 40% stake in the Italian logistics firm Spinelli Group, gainingaccesstologistics services and port terminals in northern Italy.A dAnisO verseAsP ushThe highest placed of the new entrants, Adani secured 13thpositionintheDrewry rankings with equity-adjusted throughputof6.5million TEUapositionexpected toimprovenextyearwith strongperformanceinthe Indianmarket,bolsteredby international developments.In a recent webinar, Drewry'