GTI Inaugurates Two New Quay Cranes ; Celebrates Expanding Capacity by 500,000 TEU

Gateway Terminals India Pvt. Ltd. (GTI), the youngest terminal at Nhava Sheva, has recently commissioned two new quay cranes thereby ramping up its capacity by an additional 500,000 TEU. GTI celebrated this historic moment with it's customers by conducting an inauguration ceremony.

Mumbai, Maharashtra, February 9, 2009 /India PRwire/ -- Gateway Terminals India Pvt. Ltd. (GTI), the youngest terminal at Nhava Sheva, has recently commissioned two new quay cranes thereby ramping up its capacity by an additional 500,000 TEU. GTI celebrated this historic moment with it’s customers by conducting an inauguration ceremony.

Congratulating GTI on this occasion, Mr. Jin-Li Chung, Managing Director, Hyundai Merchant Marine India Pvt Ltd and inaugurator of crane #9 remarked: “Hyundai has witnessed GTI’s tremendous success within a short period of 3 years and is demonstrating again that even bigger successes can be achieved by GTI for their customers in the future.”

The addition of two quay cranes, procured from ZPMC of China, makes GTI the youngest terminal in India to have a total of 10 cranes. This milestone, in addition to increasing yard space by almost 2000 ground slots and commissioning 11 new, eco friendly, 6-high RTGs, is part of GTI’s plan to offer customers world-class infrastructure and scale up capacity to 1.8 million TEU in 2009 from 1.3 million TEU in 2008.

In the face of the economic downturn, this event demonstrates GTI’s resolve to create additional capacity thereby benefiting the trade and their customers as quickly as possible.

Mr. Arvind Bhatnagar, CEO, Gateway Terminals India said “We are delighted & proud of the expansions taking place as scheduled. The team is geared to move ahead to take on the challenges posed by the current economic scenario and convert them into opportunities for further improvement and to ensure Customer Delight”.

Therefore, effective February 1, 2009 GTI has announced a host of additional benefits which translate the advantages of their expansion to customers. These benefits include:

Additional Expansion Benefits Introduced

1

10 days free on export laden boxes

2

6 days free on import laden boxes

3

Facility to open 2nd Vessel Identification Advice

4

3 days free on empties

Also, by upgrading infrastructure and equipment, GTI’s berth productivity, which has improved from 57.96 move/hour in Jan 2008 to 80.31 moves/hour in December 2008, is expected to reach levels of well over 100 moves/hour in 2009. This ensures that larger vessels can enjoy unparalleled turnaround time in the port with only 12 hours required for volumes until 1800 moves and only 24 hours required for volumes up to 4000+ moves given a 5+ crane split.

Notes to Editor

About Gateway Terminals India Pvt. Ltd

Gateway Terminals India (GTI), part of APM Terminals’ Global Terminal Network, is a Joint Venture between APM Terminals and CONCOR. The facility, India’s largest container terminal, is an exemplary model of successful Public/Private Partnership and terminal operation efficiency. GTI is strategically located at Nhava Sheva (Mumbai), India’s premier gateway port, serving the commercial and financial hub of Mumbai. www.gatewayterminals.com

About APM Terminals

APM Terminals is a leading global container terminal owner and operator providing world-class service to over 60 shipping lines with a Global Terminal Network of more than 50 terminals in 31 countries and on five continents. APM Terminals is a member of the A.P. Moller-Maersk Group of Denmark and is headquartered in The Hague, Netherlands. www.apmterminals.com

About Container Corporation of India Ltd, CONCOR

CONCOR, a Government of India undertaking under the Ministry of Railways, is the largest provider of containerised rail transport in India, operating a network of more than 58 Inland Container Depots (ICDs). www.concorindia.com

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