With auto demand taking a hit across categories during ongoing pandemic, APM Terminals-promoted Gujarat Pipavav has had to face the heat as automobile volumes at its Roll-on Roll-off (RoRo) segment have almost halved in the last few months.
“Currently, the drop in volumes in our RoRo business is about 50 per cent. Since the yard is now vacant, we could look to use the space for storage of containers,” Jakob Friis Sorensen, managing director at APM Terminals Pipavav told Business Standard.
The Netherland-based APM is one of the biggest container and port terminal operator in the world. Its Pipavav port