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Company Profile:
Allcargo Global
Logistics: Expansion continuing through acquisitions
Allcargo Global Logistics is a Mumbai based logistics service provider
involved in Multimodal Transport Operations (MTO), offering specialised
logistics services across LCL consolidation services, equipment hire,
project logistics, warehousing and shipping. The company owns and operates
Containers Freight Station (CFS). It is one of India’s largest publicly
owned logistics companies, being listed on the Bombay Stock Exchange and The
National Stock Exchange of India. Promoted by Shashi Kiran Shetty, as
chairman and managing director, the company currently operates 140 own
offices in 65 countries and has franchisee offices across the world.
Allcargo has clocked a CAGR of 31 per cent in FY 09 with revenues touching
Rs 2500 crore. The company acquired ECU Line in 2006 and Hindustan Cargo in
the year 2007 and has also entered into a joint venture with Concor to
establish an Inland Container Depot in Dadri.
The company has demonstrated superior performance, significant growth
prospects in the past years, thereby attracting quality investors like The
Blackstone Group, one of world’s leading private equity firms which acquired
a 14.99 per cent stake in Allcargo.
Allcargo continues its expansion. Recently, it has acquired two Hong Kong
based companies engaged in Non Vessel Owning Common Carrier (NVOCC) business
in China and other parts of eastern region. To further expand into the
project cargo movement business, Allcargo also has acquired two vessels with
a dead weight of approximately 6,500 tonne through its wholly owned
subsidiary company.
According to Shetty, this acquisition will further expand Allcargo’s growth,
strengthening the company’s operating profit by adding approximately USD
3.53 million on an annual basis. The company will save substantial cost on
ship chartering and hiring thus supporting planning and execution of project
cargo movements in an efficient and effective manner. This further helps to
capitalise on opportunities in the Indian sub-continent including coastal
movement.
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On a growth trajectory
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Allcargo Global Logistics
is a Mumbai based logistics service provider
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It is involved in Multimodal
Transport Operations (MTO)
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The company is offering
specialised logistics services across LCL consolidation services,
equipment hire, project logistics, warehousing and shipping
-
The company owns and
operates Containers Freight Station (CFS)
-
The company currently
operates 140 own offices in 65 countries and has franchisee offices
across the world
-
Allcargo has clocked a CAGR of
31 per cent in FY 09 with revenues touching Rs 2500 crore
-
Recently, Allcargo acquired two
Hong Kong based companies engaged in Non Vessel Owning Common Carrier
(NVOCC) business in China and other parts of eastern region
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KV Thomas,
Union Minister of State for Agriculture, will inaugurate the 2nd DACAAI
Annual Convention
“Bringing Domestic Air Cargo Industry in the Right Perspective” will be the
theme of the 2nd Annual Convention of the Domestic Air Cargo Agents
Association of India (DACAAI), which will be held on February 15, 2011 at
Tivoli Gardens, Chattarpur, New Delhi. According to Arvind Nayak,
president, DACAAI, K V Thomas, Minister of State for Agriculture, Government
of India, will be the chief guest of the inaugural ceremony. B Govindarajan, COO, Tirwin Management Services and Edmund Jones, GM Cargo, SpiceJet will be the guest speakers.There will be an interactive session
between airline representatives and agents, which will be moderated by
Govindarajan.
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TCI enters
into JV with CONCOR called ILSPL to strengthen multimodal freight transport
Transport Corporation of India (TCI), and Container Corporation of India (CONCOR), recently announced the commencement of operations of
Infinite Logistics Solutions Pvt. Ltd (ILSPL), a joint venture company of
CONCOR and TCI. In ILSPL, TCI will hold 51 per cent of the equity shares and
the remaining 49 per cent is held by CONCOR. ILSPL will offer end-to-end
multimodal logistics solutions and establish an integrated rail-road cargo
service thereby creating synergies between the two most widely used modes of
transportation.
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GMR Hyderabad
International Airport & Menzies open Pharma Zone
GMR Hyderabad International Airport and Menzies Aviation, which are
operating the cargo facility at Hyderabad Airport through the company called
Hyderabad Menzies Air Cargo Pvt Ltd (HMACPL), recently opened a dedicated
cargo handling zone exclusively for Pharma products.The Pharma Zone is
having dedicated truck docks for acceptance, floor level weighing provisions
at acceptance and seamless cold chain facility during the handling
process.
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Lufthansa Cargo and Hyderabad Airport sign agreement to create
pharmaceutical hub
Lufthansa Cargo and GMR Group, the operator of Rajiv Gandhi International
Airport at Hyderabad, have announced that they jointly would develop
Hyderabad a key cargo hub in South Asia for the transport of temperature
sensitive pharmaceuticals. Representatives of the two companies have
recently signed memorandum of understanding in Hyderabad for mutual
benefits, where the airport will offer necessary infrastructure and
Lufthansa will assure carrying capacity for temperature controlled ptoducts.
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Carrier
Transicold introduces natural refrigerant container technology services
Carrier
Transicold, which is a leading company offering transport and shipping
temperature control equipment for refrigerated trucks, trailers and
containers, has launched natural refrigerant container technology for
container refrigeration. The natural refrigerant container technology has
been used in Carrier’s newest container refrigeration unit design, to be
known as NaturaLINE. According to the company officials, the technology with
the lowest global warming potential will appeal to shipping lines, container
leasing companies, exporters and importers.
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Ministry of Road Transport and Highways introduces new toll
rules to benefit users
The Ministry of Road Transport and
Highways have amended the National Highway Fee (Determination of Rates and
Collection) Rules, 2008 bringing lesser number of two-lane NH under the toll
net and reducing the toll on by-passes. The changes have been incorporated
in the National Highway Fee (Determination of Rates and Collection)
Amendment Rules, 2010. As per the Gazette Notification, now toll on only
those two-lane Highways will be charged on which the average investment for
up gradation has exceeded Rs two and a half Crore per kilometre (on 1st
April 2008 prices). For using by-pass the new rules offers amended toll
charge computing methodology to reduce burden on users.
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Railways increases freight revenue by 6.54 per cent during
April-November 2010
The Railways have generated Rs.
39452.32 crore of revenue earnings from commodity-wise freight traffic
during April-November 2010 as compared to Rs. 37030.48 crore during the
corresponding period last year, registering an increase of 6.54 per cent.
Railways carried 593.43 million tonne of commodity-wise freight traffic
during April-November 2010 as compared to 574.40 million tonne carried
during the corresponding period last year, registering an increase of 3.31
per cent. The Net Tonne Kilo Metres (NTKM) went up from 378375 million
during April-November 2009 to 393111 million during April-November 2010,
showing an increase of 3.89 per cent.
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Vizhinjam International Seaport in Kerala invites private sector
to invest in the port
Vizhinjam International Seaport
(VISL), which is a special purpose company fully owned by the Government of
Kerala with a mandate to attract private sector participation for the port's
development and to set up the external infrastructure, has recently
published a Request for Qualifications (RFQ), followed by starting
Expression of Interest (EOI) inviting process. VISL is being advised by
various international consultants such as International Finance Corporation
(IFC). To make Vizhinjam an attractive investment opportunity, GoK has
positioned the port as a suitable gateway to serve shippers in the
hinterland. The port is expected to start operations by the end of 2014.
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