MSC to buy 49% of Vizhinjam port for $1.4 billion

In a landmark deal for India's maritime infrastructure, Swiss-based shipping giant Mediterranean Shipping Company (MSC) will acquire a 49% stake in the Vizhinjam International Seaport in Kerala for approximately $1.4 billion. The agreement, announced on Tuesday, June 30, 2026, by Adani Ports and Special Economic Zone (APSEZ), represents the single largest foreign private investment in India's port sector.

The transaction will be executed through MSC's terminal investment arm, Terminal Investment Limited (TiL), valuing the port at about $2.85 billion. APSEZ will retain a controlling 51% stake and continue to manage operations. The deal is subject to customary regulatory approvals.

The strategic partnership is expected to significantly boost cargo volumes and accelerate the port's development. Officials stated the collaboration will enhance volume visibility, help capture a larger share of Bangladesh cargo currently routed through Southeast Asian hubs, and strengthen trade routes to East Africa. This marks the third joint venture between APSEZ and MSC, following partnerships at the Mundra and Ennore terminals.

Ashwani Gupta, Whole-time Director and CEO of APSEZ, said Vizhinjam has...