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Mercurio-Pallia
Logistics:
Company formed for automotive sector
Gruppo Mercurio SPA (GM SPA) Italy and
Pallia Transport Company (PTC), a Gurgaon-based company in India on March
18, 2009 announced the formation of a 50:50 joint venture (JV) company
called Mercurio-Pallia Logistics. The announcement was made by Andrea
Guido Conti, president, GM SPA; and Vipul Nanda, managing director, PTC.
Nanda is also the MD of Mercurio-Pallia Logistics now.
GM SPA
is one of Europe’s leading logistics companies. The investment will be
on 250 additional trailer capacities over the next five years. The aim
of the JV is to provide world class logistics service to the automotive
industry in India by offering state-of-the-art logistics technology
including solution design and implementation.
According
to Nanda, the PTC worth Rs. 30 crore, along with GM SPA will target at
least Rs. 50 crore turnover in the first year of their operation. This is
mainly due to the former company’s strong presence in car transport and
logistics with automobile companies including Maruti, Mahindras, Tata,
Hyundai, Honda and General Motors. The new company will explore
opportunities in other sectors of auto logistics including stockyard
management, pre-delivery inspection and car transportation in rail
wagons. Earlier, PTC was well-known in the domestic market in India. The
JV company will also start operations in the exim market. With an aim to
offer end-to-end link between India and Europe for the Indian automotive
industry, the company will start with 175 trailers, which will be further
extended within the first year.
GM SPA is
a Euro 130 million company with global presence in automotive logistics
sector. PTC was established in 1962 initially offering logistics services
to farms and forestry. In 1983, the company established its operations in
Delhi with a contract from Maruti Udyog. The company has a fleet of
trailers including car carriers and bulk goods carriers, all equipped with
GPS system.
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Major Facts :
·
The JV company is formed on 50:50 partnership basis
·
Investment is to be on 250 additional trailer capacity
·
Rs. 50 crore turnover is targetted in the first year
of operation from the present Rs. 30 crore a year
·
The company will start with 175 trailers, which will
be further extended within the first year |
For more details click here
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Port cargo grows by 2.5 per cent in India in 2008-09 (April to
February)
The ongoing slowdown has reduced the volume of
cargo traffic at the major ports in India. According to a report published
by CII, consolidated cargo throughput at major ports in India grew only by
2.5 per cent in April-February 2008-09 as against the fiscal year of
2007-08 when total traffic at Indian ports rose by 12 per cent to 519
million tonnes from 464 million tonnes in 2006-07. The country’s 12
gateway ports handled 480 million tonnes of cargo - up from 469 million
tonnes in the same period the previous year. Overall tonnage in February,
however, declined to 43 million tonnes from 45 million tonnes in the same
period of the previous year.
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Investments in infrastructure projects will continue: Planning Commission
FICCI along with the ministry of
shipping, road transport and highways; the ministry of railways; and the
ministry of civil aviation jointly organised a two-day "India
Infrastructure Summit 2009" on March 20-21 at FICCI House in New
Delhi. Kirit S Parikh, member, planning commission and S S Kohil, CMD,
India Infrastructure Finance Company (IDFC), addressed the inaugural
session. At this summit Parikh emphasised on continuation of ongoing
infrastructure projects including road, rail, port and airport, despite
the present economic slowdown. Kohli also reiterated IDFC’s policy on fast
clearance of infrastructure projects. Meanwhile, the company has sanctioned
88 projects out of 200 proposals.
The summit had six sessions that discussed issues like financing of
transport infrastructure projects in India; opportunities in Indian
railway infrastructure; growing opportunities for building aviation
infrastructure in India; opportunities and challenges in maritime
infrastructure; making PPPs a success: roads & highways; and evaluating
experiences to shape future growth.
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KMA Shipping starts operations from Chennai Port (DP World
Terminal)
KMA Shipping, Myanmar’s first private
shipping company, has commenced the Myanmar India Far East Express Service
with the maiden call of KMA 1 calling recently at Chennai Port (DP World
Terminal). The
service will initially be between Chennai and Yangon. KMA Shipping has
appointed Total Transport Systems as its agent in India. K Suresh,
chairman, Chennai Port, congratulated KMA Shipping and DP World Chennai
for the new service and expressed confidence that DP World Chennai and
Chennai Port will be able to improve the cargo traffic handled at the
port.
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'Gateway Terminals' commission two new quay cranes at Nhava
Sheva, Mumbai
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cranes at Nhava Sheva, thereby ramping up its capacity by an additional 500,000 TEUs. The
addition of two new cranes procured from ZPMC of China marked GTI as the
youngest terminal in India to have 10 cranes. This milestone, in addition
to increasing the yard capacity space by around 2,000 ground slots, and
commissioning 11 new, eco-friendly, 6-high RTGCs, is part of GTI’s plan to
offer customers world class infrastructure and scale up capacity to 1.8
million TEUs in 2009 from 1.3 million TEUs in 2008.
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Sical Logistics partners with MMTC for Greenfield iron ore
terminal at Ennore Port near Chennai
Sical Logistics has entered into a
strategic partnership with MMTC for its Greenfield iron ore terminal
project at Ennore Port near Chennai. MMTC will hold 26 per cent stake in
Sical Iron Ore Terminals Limited and Sical will hold 63 per cent stake.
The balance 11 per cent stake will be held by L&T Infrastructure
Development Projects Limited. The terminal is expected to be operational
in a phased manner by early 2010 with a throughput of 6 million tonnes per
annum in Phase 1.
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Maersk Line offers connections to Jebel Ali (Dubai) with
fixed-day sailing
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in its India-Europe (ME3) Service. The line has added a new port call at
Jebel Ali (Dubai), thus providing the customers from West and North India
a fast, direct and fixed-day container service to the Middle East. Transit
duration from Nhava Sheva to Jebel Ali will now be only for three days.
The new port rotation of ME3 Service will now be at Nhava Sheva (India),
Jebel Ali (Dubai), Port Said (Egypt), Gioia Tauro (Italy), Algeciras
(Spain), Tangier (Moracco), Tarragona (Spain), Gioia Tauro (Italy), Port
Said (Egypt) and Salalah (Oman).
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Cathay Pacific to launch Delhi-Bangkok service in March
Cathay Pacific Airways will start its
New Delhi-Bangkok direct, daily and non-stop service from March 30, 2009.
The flight will take off from Delhi at 03:30 hours and arrive in Bangkok
at 08:55 hours local time. The flight will leave Bangkok at 17:25 hours
and arrive the same day at 19:45 hours in New Delhi local time. The same
aircraft will fly to Hong Kong, arriving at 14:10 hours Hong Kong time.
Cargo will be carried on the bellyhold of all flights.
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Apparel Export Promotion Council starts clothing trade shows
in South Africa
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and to cope up with the economic slowdown in USA and Europe markets, the
Apparel Export Promotion Council (AEPC) has started two clothing and
textiles trade shows from March 19-20 and March 23-24, 2009 in Cape Town
and Johannesburg respectively. The mega show has been organised under the
market access initiative assistance scheme of the ministry of commerce.
Indian exports of readymade garments to South Africa slipped to US$ 49.78
million last year from US$ 51.14 million in 2007. India exported garments
worth US$ 9.7 billion to various countries in 2007-08.
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CII organises 'Knowledge Enhancement Programme' on supply
chain management in New Delhi
The Confederation of Indian Industry (CII)
Institute of Logistics is organising a two-day 'knowledge enhancement programme' on supply chain management at India Habitat Centre in New Delhi
from April 28 to 29, 2009. Operational level and middle level personnel
from logistics and supply chain companies, supply chain team members from
corporate companies, executives from supply chain, logistics, procurement,
purchase, materials, transportation, distribution, warehousing functions
and service providers are likely to participate in the programme.
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