Adani made his billions from ports. His new bet is far from the shore
About this episode
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.
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