Adani Ports refines strategy as coal imports dip

India's seaborne coal imports dropped in first 7 months of the year by 13.4% to 105.36 mt

Adani Ports and Special Economic Zone (APSEZ), part of the $12 billion Adani Group and the leading private ports operator in the country that handles about 15 per cent of India’s export-import cargo is working on diversifying its cargo mix to reduce dependence on individual commodities. It’s moving towards long-term cargo contracts to provide resilience to volumes.  

The share of long term contracts has increased from 59 per cent of overall cargo volumes in FY15 to 62 per cent in FY17, clocking a compounded annual growth rate (CAGR) of 10.7 per cent. In comparison, share of short-term contracts have come