MSC Bets $1.4B on India Port

VizhinjamMediterranean Shipping Co. buys 49% of Adani’s port.

The $1.4 billion deal bets India’s southern coast can pull transshipment volume from Colombo and Dubai.

Regulators must approve; Vizhinjam would then rival Colombo as the region’s main transshipment hub.

Sources: Bloomberg Business