ADANI OPTS FOR SMALLER IRON ORE TERMINAL

China Shipping initially deployed 5,500TEU vessels on its Far East-North Europe service which called solely at Valencia.

India’s Adani Group has chosen the small Belekeri jetty in northern Karnataka state rather than the larger port of Mormugoa to concentrate exports of iron ore to China saying the facility is experiencing too much congestion. The company has rented a 72,000 sq metre site for five years and aims to push 1.5m tons through the locality in 2004-05. Bulk carriers will anchor at deepwater berths and will be serviced by selfpropelled barges.