Adani Ports and Special Economic Zone Limited, an Adani group company, is making waves in the world. The four ports it manages are not only ranked in the ‘Container Port Performance Index 2023’, but it is also the most valuable company in this category. Adani Port has a market cap of $38.08 billion. In second place is CK Hutchison Holdings, with a market cap of $18.27 billion.
International Container Terminal Services ranked third with $11.78 billion. At number four is Abu Dhabi Port, with a market cap of $7.21 billion. At number five is China Merchant Port, a Chinese company with a market cap of $6.56 billion.
Among the most valuable companies in this category, Westport ranks sixth with $2.98 billion. The Port of Tauranga is seventh with $1.96 billion and Hamburger Hafen is eighth with $1.35 billion. In ninth and tenth place respectively are Sihanoukville Autonomous Port ($1.34 billion) and HPS Trust ($1.08 billion).
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Achievement of Adani Port
Developed by the World Bank and S&P Global Market Intelligence, the index assesses the performance of ports on parameters such as productivity, efficiency and reliability. Mundra Port was ranked 27th while Kattupalli was ranked 57th, Hazira 68th and Krishnapatnam Port 71st, Adani Ports and Special Economic Zones Limited, an Adani Group company, said in a statement.
A total of nine ports in India are included in the top-100
A total of nine ports in India have been included in the list of top-100 ports. Four ports managed by the Adani Group are also included in the list. “We are proud to have four of our ports recognized in the World Bank’s Container Port Performance Index 2023,” said Ashwini Gupta, Chief Executive Officer and Whole-Time Director, APSEZ.