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Chennai, Aug. 4 Sical Logistics Ltd, a provider of multi-modal integrated solutions for the logistics of bulk and containerised cargo, has signed a memorandum of understanding with Japan’s Mitsui O.S.K. Lines Ltd (MOL) to form a joint venture that will operate the automotives management yard at Ennore Port, near Chennai.

MOL is among the world’s largest shipping and logistics companies and considered among the leaders in global automotive transportation.

The MoU was signed by Mr Takashi Kurauchi, Managing Executive Officer, Mitsui O.S.K Lines, and Mr L.R. Sridhar, Managing Director, Sical Logistics, in the presence of Mr S. Velumani, Chairman-cum-Managing Director, Ennore Port Ltd. The yard will manage automotives in CBU (complete built-up unit) form and will cater to exporters/importers based in India.

The proposed venture will combine the expertise of MOL in global automotives transportation and yard management with Sical’s competencies in multi-modal integrated logistics and terminal operations, according to a press release issued by Sical.

As reported earlier, Ennore Port will invest Rs 110 crore for creating a multi-purpose berth to handle export cars.

This can also be used as a general cargo berth. Nissan-Renault, which has decided to export its cars from Ennore, has committed to export 90,000 cars in 2010-11 and gradually increase it to 1.80 lakh from the fourth year.

The terminal will be a quarter km long, with a berth of 12 metres deep. A stack yard will be created to park 1.40 lakh cars at the port.

More Stories on : Alliances & Joint Ventures | Supply Chain Management

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