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After making a fortune at the dock, Adani's next bet is a fleet of 100 ships going offshore

Episode 862 Published 1 day, 4 hours ago
Description

In October last year, a ship owned by Adani Ports slowed to less than one knot near Malta. It held that position for over seven days, directly above the cables linking Malta to Sicily. It was no accident.

India’s largest private port operator has quietly built a fleet of more than a hundred vessels across 12 countries. Their job is servicing the world’s offshore energy infrastructure. The business grew 134% in a single year.

Ports made Adani rich. But there are only so many ports you can build.

What the conglomerate does next may depend on waters far from any dock.

Tune in.

*This episode was originally published on 14th July

Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

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