Four s fortnightly logistics track 4th september - 17th september 2012
1. 4 S E P ’ 1 2 – 1 7 S E P ’ 1 2
Logistics Track
Research4India Fortnightly update on Logistics Industry
In The Spotlight Contents
Agri ministry pushes for ` 50bn scheme for
post-harvest logistics
The Union Ministry of Agriculture has planned to ask News of the fortnight 1
for a ` 50bn budget during the 12th five-year Plan
(2012-17) for a scheme to allow private companies to
collaborate with farmers to produce, harvest, process,
Investment Activity 3
transport and market various agro products. Officials
said the aim was to ensure availability of farm
produce across the country at affordable prices. Titled
News Update 4
the Public-Private Partnership for Integrated
Agricultural Development, or PPP-IAD, it hopes to
create an efficient supply chain for cereals,
Global News Update 7
perishables and other high-value produce. The plan
aims to cover a million farmers during the Plan.
Funds are to be leveraged through the flagship
Stock Market Updates 10
Rashtriya Krishi Vikas Yojana.
A company, it is suggested, could propose a project
targeting a minimum of 10,000 farmers, over three to Peer Benchmarking 11
five years, covering all aspects from production to
marketing. Average investment per farmer is to be `
100,000 and government assistance will be restricted About Four-S Services 12
to half the overall investment in this regard, within a
ceiling of ` 50,000 per farmer. The ministry says it
already has 33 project proposals from private Four-S India
Our logistics
companies, sent through the Federation of Indian Logistics Report
report is now
Chambers of Commerce and Industry. A project will 2011-12
available for
involve mobilising farmers into producer groups and
purchase. A
registering as a joint stock producer company or a
100 page, hard
co-operative or self-help group. In the process, these
companies could coordinate with the Indian Council of
bound word
Agricultural Research for improved varieties of document,
seeds/seedlings and for sorting credit issues with the presented by
National Bank for Agriculture and Rural Development. Central, this is
The hope is for infusion of technologies using India’s most
precision farming techniques, primary processing, comprehensive
sorting, grading , washing, packaging and value and rigorous
addition clusters, development of warehouses, cold research report
chains, etc. The Small Farmers Agri-Business
on Logistics.
Consortium will provide professional support services
to such producer firms. To buy the report, or to know
more about it, see Page 2.
Research4India is the research services arm of Four-S Services Pvt Ltd, a leading provider of high-end research,
financial consulting and Investment banking services. For subscription / custom queries, please contact Seema
Shukla at seema@four-s.com
2. Logistics Track
Central Logistics Intelligence presents
“Four-S India Logistics Report 2011-12”.
This is the first comprehensive, rigorous report on the
logistics sector. It brings a new analytical perspective
to the sector research coverage, which is plagued by
poor research. Incorrect notions like: the Indian
logistics sector is 13-14% of GDP; or there is multiplier
of 2x between logistics growth and GDP growth rate –
abound, and are often quoted by leading logistics
companies, industry associations and sector
consultants.
The report presents original data and analysis on several key
aspects of the sector, including size of various segments and
projections, and highlights investment potential. In the report
we have taken a comprehensive look at all the key segments
of logistics and supply chain.
We find EXIM and agri-logistics areas of great promise. The 3PL/contract logistics
space also has strong potential, which will get a push as and when the long awaited
goods and services tax (GST) reforms are implemented. We expect greater activity
from PE funds and MNCs in this decade compared to 2001-10.
The report includes information about the key players in the Indian logistic sector and its
various segments.
“Four-S India Logistics Report 2011-12” is prepared by the research of Four-S Services
(www.four-s.com), which has covered this sector in detail in India for several years now.
REASONS TO BUY
India’s first comprehensive report on the logistics and supply chain business
The report has original numbers and projections, backed by rigorous analysis, which would
compel you to question some of the established facts floating around about the sector.
Takes a detailed look at all key business segments, and highlights growth potential.
Mentions key listed and unlisted companies in the sector.
FOR WHOM
Companies in the supply chain and logistics business in India, logistics MNCs wanting to enter
India, private equity funds, industry associations, policy makers, independent consultants and
industry researchers
HOW TO BUY
Kindly write to Seema Shukla at seema@four-s.com You can also call Ashutosh Sharma at
0124-425 1442, or Devendra Deole at 022-42153659 to book your copy.
Research4India 2
3. Logistics Track
Investment Activity
PE Deals in 2012
Stake Amount
Date Investor Target Strategy
(%) ($ mn)
6-Jan General Atlantic Foursee Infrastructure Equipments NA 20.8 Growth
Ltd.
23-Feb IDFC Private Equity StarAgri Warehousing & Collateral NA 30.0 Growth
Mgmt
23-Feb Global Super Angels Chhotu.in (Santa Claus Couriers)
NA NA Angel
28-Mar Ambit Pragma Spear Logistics NA 1.7 Growth
30-Mar VenturEast, Zephyr Peacock e2E Rail NA 6.0 Early
26-Apr New Silk Route VRL Logistics NA 33.4 Late
19-Apr KKR, Goldman Sachs TVS Logistics 20.0 55.0 Growth
29-Jun Vertex Venture Holdings, KPCB, Reverse Logistics NA NA Growth
Sherpalo Ventures
25-Jul Ambit Pragma Mehta Frozen Foods Carriers 74.0 NA Early
19-Aug GTI Capital Brattle Foods NA NA Growth
The space saw 10 deals till date raising a total disclosed amount of $185.1mn.
Mergers & Acquisitions in 2012
Stake Amount
Date Investor Target Business
(%) ($ mn)
1-Feb Oil Field Warehousing & Services Raamns Shipping & Logistics NA NA Logistics Services
20-Apr DHL Express (India) Pvt Ltd DHL Lemuir Logistics Pvt Ltd 24.0 NA Logistics Services
15-May DTDC Eurostar Express NA NA Courier Services
18-Jul SG Holdings Sindhu Cargo Services 40.0 NA* Logistics Services
18-Jul SG Holdings Sunlog Services 40.0 NA* Logistics Services
16-Aug Dempo Group Modest Infrastructure NA 140.0 Ship-building & Repair
*SG Holdings have invested a total of $18mn in Sindhu Cargo Services and Sunlog Services which are sister concerns
The space saw 6 deals till date but the transaction details were disclosed for one only.
Dempo Group acquired ship-building & repair company Modest Infrastructure for $
140mn in August 2012.
In 2011, there were 11 PE deals in Logistics space worth $278.1mn. The largest among
came from Warburg Pincus which invested $100mn in Continental Warehousing
Corporation for un-disclosed stake.
In the same year, 8 M&A deals in Logistics space. TVS Logistics acquired 100% stake in
US based MESCO for un-disclosed amount. Amongst the disclosed, the largest was 100%
stake by Royal Vopak in CRL Terminals for $61.8mn
Research4India 3
4. Logistics Track
News Update
DHL to trim Blue Dart stake from 81% to Ship repair facility for CSL
comply with Sebi norms
Cochin Shipyard has been given the go-ahead
Deutsche Post DHL plans to bring down its to set up a ` 7.5bn ship repair and building
stake in Blue Dart Express, held through its facility at Cochin Port. Union shipping minister
subsidiary DHL Express Singapore, to comply G.K. Vasan announced the bid award to Cochin
with minimum public shareholding Shipyard Ltd, which followed Cochin Port’s
requirements. Deutsche Post DHL currently floating a tender for building the facility a few
holds 81 percent in the Mumbai-based express months ago. The project would come up on the
logistic firm. Future collaboration between Blue old Rajiv Gandhi Terminal premises. The new
Dart Express and Deutsche Post DHL will not be project would benefit the shipyard, which was
affected by this transaction and Deutsche Post on an expansion mode.
DHL remains fully committed to the domestic
market, said a statement from the German RINL sets in motion freight car axle unit in
company. The Euro 53bn Deutsche Post DHL, Jalpaiguri
which is a world leader in postal and logistics Rashtriya Ispat Nigam Ltd (RINL) has set in
group, said the move is enable the domestic motion preparatory work for its proposed `
company to comply with the new minimum 2.8bn railway freight car axle project in West
public shareholding norms, which demands Bengal. The processes were initiated for a
listed companies to have at least 25% of their feasibility study, flotation tenders for the plant
stake with the public by next June. and machinery and the off-take agreement with
Sical Logistics to set up JV for coal the Railways. The RINL unit is to be located on
washery in Talcher a 46-acre plot of land at New Jalpaiguri in the
under-industrialised northern part of the State.
Chennai based Sical Logistics Ltd, in which
A 30-year renewable land lease agreement with
Tanglin Retail Reality Developments has a stake
the Railways has already been executed. The
of 53.12%, is planning to set up a joint venture
proposed project would have the capacity to
to set up a coal washery in Talcher, Orissa, to
produce 50,000 pieces of axles a year. Each
execute an integrated contract for the
axle will have the load bearing capacity of
movement of coal. The company is also
between 22.9 tonnes and 25 tonnes and will be
expecting permission from relevant authorities
210 mm in diameter. The new plant will have
to use its iron ore terminal in Ennore to handle
the facility of forging and heat treatment. At
alternate cargoes since the terminal could not
present, the Indian Railways depends on
be commercialised for iron ore transportation.
substantial imports of axles. Though the off-
The company has sought shareholders’ approval
take deal is yet to be signed, it has been agreed
for giving corporate guarantees or providing
that the Railways would purchase around 70
securities or loans or advances, and for making
per cent of the production. The remaining
investments not exceeding ` 4.5bn in its
output would be meant for local and overseas
subsidiary or joint venture companies.
markets.
According to an announcement with the BSE,
the investment shall not exceed ` 4.5bn, and CIL plans ` 145bn on rail, to spend ` 245bn
would be used in Sical Iron Ore Terminals Ltd, on capex
which has an iron ore terminal in Ennore Port. Battling low production, the world's largest coal
The investment would also be for setting up of miner CIL today said it has earmarked ` 245bn
a coal washery at Talcher through a joint capital expenditure over the next five years
venture. mainly to boost capacity and is also looking at
Research4India 4
5. Logistics Track
spending another ` 145bn to augment rail shipments from India to ports in North Europe
infrastructure. The PSU planned to undertake a and the Mediterranean. Hapag Lloyd raised
conditional investment of ` 145bn on rates on the Japan-Australia and Japan-east
augmenting rail infrastructure. According to the Asia routes, while MSC increased their Europe-
CIL Chairman, S Narsing Rao, the company Asia route and Indian subcontinent-Northern
intends to spend ` 75bn on rail infrastructure Europe rates. This week, data compiled by the
provided the Railways complete the project on commerce ministry had said exports slid by
time. It also intends to spend another ` 70bn nearly 15% in July, the steepest dive in three
on rail projects for faster transportation of coal years.
if all goes well.
ABC India to consider sale of stake in
LifeCell partners with Sequel Logistics Nissin ABC Logistics Pvt. Ltd.
LifeCell International, one of the leading stem
According to announcements, the meeting of
cell storage companies in India has announced
the Board of Directors of ABC India Ltd was
its partnership with Sequel Logistics, a company
that specialises in critical logistics, to offer schedules last Saturday to approve sale of 19%
shareholding out of present 24% shareholding
'Personalized Shipment Service' of the umbilical
cord blood and tissue samples. The initiative is in Nissin ABC Logistics Private Limited.
critical in healthcare logistics whereby stem Industry hails Cabotage exemption to
cells of the new born will be shipped through
Vallarpadam terminal
Sequel’s partner airlines via the next available
flight to LifeCell’s processing and storage facility The much awaited announcement of relaxation
in Chennai. It is important for stem cell in the Cabotage rules for the Vallarpadam
preservation since the sample will reach the terminal is likely to herald a new era in the
laboratory for testing and processing within 24 container transhipment business from the
hours from metro cities and 36 hours from non- region. The fledgling International Container
metro cities. StemCell estimates to generate Transhipment Terminal at Vallarpadam can look
revenues of more than Rs 1bn in the current forward to doing more business in
financial year. The current size of stem cell transhipment, now being carried out mainly
banking industry is around 40,000 enrolments through Colombo and Salalah. Colombo Port
per year and the industry has been growing at handles a transhipment throughput of 2m TEUs
30% in the recent past. Currently the industry from India. However, the ICTT is currently
is serviced with dedicated cargo handlers who doing only a meagre transhipment business of
operate on an overnight hub-and-spoke model. 20,000 TEUs a year. This is expected to go up
significantly with the relaxation of the law.
Global shipping companies hike shipment
rates Indian Railways to get more than ` 4 bn
from RLDA
International container carriers, ignoring a weak
Rail Land Development Authority (RLDA), a
global economy, have started actively raising
statutory authority established by Ministry of
rates for shipments from India and other
Railways for generating non-tariff revenue from
regions since the past few months in an effort
railway land, announced that it is soon going to
to pull the global shipping industry out of
restart offering sites for development of Multi
choppy waters. While the move to increase
Functional Complexes and railway land for
rates across various routes may breathe life
commercial development. RLDA has now
into the shipping industry, it has affected the
targeted for earning more than ` 4bn during
competitiveness of the Indian export sector
current financial year. RLDA has prepared an
according to the exporters. Hapag-Lloyd will
action plan for fast tracking the development of
increase rates by $200 per 20-foot container
projects and realization of expected revenues.
unit and $400 per 40-foot container unit on all
RLDA has lined up 60 more new MFC sites and
Research4India 5
6. Logistics Track
8 other standalone sites for which bidding high-axle load and low tare-weight aluminium
process is being initiated in phases within a wagons in which FreightCar holds a majority
fortnight. Many real estate consultants like stake of 51%, with the remaining 49% owned
Knight Frank, IL&FS, PWC, E&Y and JLLM are by Titagarh Wagons.
advising RLDA in Planning and Marketing the Kerala expects boom in logistics sector
MFC/Commercial sites.
With the Union Cabinet’s approval to relax the
Railways cut spending on assets
Cabotage law facilitating the transshipment of
With less money in the kitty, Indian Railways containers to and from the International
has cut its spending on asset replacement by Container Transshipment Terminal (ICTT),
about 15%. The cut is a fallout of the rollback Vallarpadam, the logistics sector in the state is
of passenger fares rises. Investment in the all set for a giant leap. It is expected that
replacement of aged assets financed from the around 50,000 direct and 100,000 indirect
depreciation reserve fund (DRF) has been cut employment opportunities will be generated
by 18% to ` 75.8bn. Similarly, the railways within five years. A massive investment of
have slashed the budget for the development about ` 150bn will also be pumped into the
fund (DF) by 20% to ` 29.9bn and the capital sector. At present, the rail traffic in the state is
fund (CF) by 14% to ` 42.7bn. The railways had almost 25% above the capacity. To tap the
targeted to almost double spending to ` potential of the law relaxation, better road, rail
199.9bn under four funds, including the Railway and water connectivity are crucial. The ICTT will
Safety Fund, this year from ` 102bn in 2011- realise its full potential of one million twenty-
12. But, with the cut in investment, the foot equivalent unit (TEU) within a year. Owing
spending is now expected to be around 60% to it, newer opportunities will emerge not only
more than the revised estimate for 2011-12. at the Vallarpadam terminal but at Vizhinjam,
The railways operate various funds to meet the Azheekkal, Beypore and 14 other minor ports.
requirement of asset acquisition, construction, Areas such as supply chain, logistics, material
replacement and renewal as well as pension handling, storage, information technology,
payments to employees. These funds are fully warehousing and inventory management will
or partially financed by railway revenue, emerge as possible business areas in the state.
budgetary support by the central government
Kerala plans cargo movement through
or market borrowings, if needed.
coastal shipping
Titagarh denies joint venture with
The Kerala government plans to decongest the
FreightCar is over
state roads, diverting at least 20% of the cargo
Kolkata-based wagon manufacturer Titagarh traffic through coastal shipping by 2015 and
Wagons has denied that its joint venture with 40% by 2020. The state is planning to do this
FreightCar America has been scrapped. Earlier a through a three-pronged strategy comprising
newspaper had reported that, FreightCar building of infrastructure and institutions and
America Inc has called off its joint venture with providing incentives. The State will create a `
Titagarh Wagons due to latter’s failure to get 3bn fund to finance the incentive. To oversee
approval from Indian Railways for a prototype the development of the maritime sector, Kerala
of an aluminium wagon, which the US-based will also set up a State Maritime Board on the
wagon maker specialises in. But, according to lines that exist in other maritime States such as
the official at Titagarh, The joint venture is still Gujarat and Maharashtra. The coastal traffic
intact, the report that has been published is potential through non-major ports of the state
false and very soon both the companies will do is estimated to be 4.64mn tonnes during 2012-
a joint press conference in this regard. The joint 14 and 7mn tonnes by 2019-20. Among the
venture pact was signed in 2008 between both infrastructure development initiatives in the
the companies and it was formed to develop port sector, Vizhinjam International Container
Research4India 6
7. Logistics Track
Trans-shipment Terminal is the prime project of the earlier Indian Ports Global. India plans to
the state. This project is proposed to follow spend as much as `3tn on its ports in the
landlord model, where dredging, reclamation, decade ending 2020 to triple its cargo-handling
construction of breakwater, quay wall and capacity to 3.2bn tonnes, according to the
external infrastructure like power, water, road maritime agenda for the decade announced by
and rail connectivity are done by the Vizhinjam the shipping ministry in January 2011. Indian
International Seaport Ltd. The building of Ports Ltd is structured on the lines of DP World,
terminal superstructure and its operation for 30 which is majority owned by the Dubai
years is proposed to be done by the private government and PSA International Pte Ltd, a
operator on PPP (public-private-partnership) wholly owned unit of Temasek Holdings (Pvt.)
model. Kollam, Alappuzha, Kodungallore, Ltd, the sovereign wealth fund of Singapore.
Ponnani, Beypore and Azheekkal ports are also The proposed SPV will have 50% equity
earmarked for development. participation from ports controlled by the Union
Ministry moots infrastructure status for government with financial institutions holding
coastal shipping the balance.
In order to promote coastal shipping, the
shipping ministry has moved a note for the Global News Update
Cabinet Committee on Infrastructure (CCI) to
C.H. Robinson to acquire Apreo Logistics
secure infrastructure status for the sector.
C.H. Robinson Worldwide has agreed to acquire
The status would help the sector make good
Apreo Logistics S.A. (“Apreo”), a leading freight
use of various benefits such as easier credit at
forwarder based in Warsaw, Poland. Founded in
cheaper rates and faster regulatory clearances.
June of 2007, Apreo provides truckload services
The move would also help in promoting trade
including dry van and temperature controlled
along India's coastline of 5,560km, having
and liquid and dry bulk capabilities. To
access to the sea on three sides with 11 major
complement their truckload offering, the
and 168 minor and intermediate ports. It would
company also offers additional warehouse, air
also increase private investment in the sector
and ocean services. Apreo has shown significant
and encourage infra-focussed funds to pump in
growth over the past several years, with
money. The Cabinet Committee on
current gross revenues over $100mn while
Infrastructure has outlined six characteristics
servicing more than 2,000 customers. The
for a sector to qualify for infra status. These
company has over 300 employees in 21 offices
include sector involving natural monopoly, high-
in Poland and one office in Germany. This
sunk costs and asset specificity, non-tradability
acquisition will expand C.H. Robinson's
of output, non-rivalness in consumption,
presence in Europe. Founded in 1905, C.H.
possibility of price exclusion, and presence of
Robinson Worldwide, Inc., is a global provider
externalities. Besides, three other factors are
of multimodal logistics services, fresh produce
kept in mind while granting infra status. These
sourcing, and information services to 37,000
are the sector's importance to the scheme of
customers through a network of more than 230
economic development, its ability to contribute
offices and over 8,700 employees around the
to human capital and the specific circumstances
world. The company works with 53,000
under which it has developed in India.
transportation providers worldwide. C.H.
Shipping ministry alters plan on SPV Robinson is a Fortune 500 company and had
The shipping ministry has altered its plan to set annual revenues of $10.3bn in 2011.
up a special purpose vehicle (SPV) for investing Donnelley acquires XPO to expand
in overseas port assets to include local ports as operations
well. To reflect this change, the ministry has
rechristened the SPV to Indian Ports Ltd from
Research4India 7
8. Logistics Track
R.R. Donnelley & Sons Co (RRD) has acquired while UPS was given access to five cities. FedEx
privately-held outbound mailing services already provides services in Chinese cities
provider Express Postal Options International. through joint ventures with local companies
The financial terms of the deal were not while UPS doesn't have partnerships with
announced. The acquisition of Express Postal Chinese companies. FedEx can now operate in
Options International or XPO is expected to the cities of Shanghai, Guangzhou, Shenzhen,
strengthen Donnelley's logistics business Hangzhou, Tianjin, Dalian, Zhengzhou and
segment and expand its operations in more Chengdu. UPS was given a license for the cities
than 150 countries. Donnelley has been of Shanghai, Guangzhou, Shenzhen, Tianjin and
experiencing strong growth in the logistics Xi'an. The authorization comes four months
segment. In the last concluded quarter, this after Chinese regulators approved a $1.6bn
segment reported an 11.3% jump in revenue. initial public offering by state-owned China
Strong growth in the logistics space along with Postal Express & Logistics, one of the largest
volume increase in certain office products courier companies in the Chinese domestic
restricted the decline in revenues to 3.6% on a market.
year-over-year basis. Donnelley is focusing on
acquisitions to expand and enhance its offering GLP, Haier Group to develop logistics
to its current customers, as well as to expand network in China
the customer base. The company's continued
Singapore-listed Global Logistic Properties
focus on acquisitions will also spur its already
(GLP) has said it is partnering Chinese home
dominant market position and drive long-term
appliance maker Haier Group to develop a
growth.
logistics network in China. As per the news
China's Alibaba to lift investment in release, the move is for the distribution of
logistics network Haier's household appliances across China.
Under the agreement, Haier will manage the
Chinese E-commerce giant, Alibaba Group, is industrial facilities resources of the group
looking to put $100mn ($AU96.7mn) towards through its arm Qingdao Haier Industrial
parcel-delivery and warehouse operations. Development Co. GLP and Haier are expected to
According to the reports, the investment will collaborate and integrate resources like capital
add to the 10bn yuan ($AU1.53bn) already land sourcing and management expertise to
committed to in 2011 for improving the meet Haier's logistics requirements in China.
company's logistics. Alibaba's group chief
strategy officer Zeng Meng said the company Survey shows Turkey will be next big
was under pressure from underdeveloped logistics location
logistics infrastructure throughout China. Mr
According to the survey by Jones Lang LaSalle -
Zeng acknowledged a growing Chinese appetite
a multinational financial and professional
for online shopping was fueling activity on
services company specialising in real estate,
Alibaba's popular shopping websites Taobao
Turkey tops European supply chain managers
and Tmall.
list as emerging logistics market over the next
China grants FedEx, UPS operating five-years. Poland and Romania follow in
licenses for some Chinese cities second and third spots. It says, Turkey offers
all attributes required to become an emerging
Package delivery companies FedEx Corp and logistics market. Its geographic location
United Parcel Service Inc have received bridging Europe with Middle Eastern, Asian and
approval to provide express-package services in African countries is ideal to make it an
some cities of China on their own, according to international logistics hub its economy is
the country's State Postal Bureau (SPB). The growing strongly based on a stable political
approval gives FedEx access to eight cities framework, there have been and are still
Research4India 8
9. Logistics Track
significant investments in infrastructure. more than half the added capacity, having put
Despite its significant retail market and trade on 232,000 and 218,000 TEU respectively since
volumes, the Turkish logistics market is July 2011, Alphaliner reports. As of July 1, the
currently underdeveloped and dominated by total liner capacity has reached 16.53mn TEU,
local players and small family businesses. of which 16.05mn TEU is made up of container
ships, an increase of 6.5% in the last 12
Abu Dhabi JV eyes $1bn Japan investment months. It said that only two carriers, CSAV
and Zim, removed capacity during the period.
Abu Dhabi Investment Council has partnered
Cash-strapped CSAV's capacity has halved
with an Australian real estate company to
during the last 12 months, down from 544,000
develop more than $1bn worth of logistics
TEU to 269,000 TEU. During the same period,
facilities in Japan. The deal with the Goodman
Zim removed 10,700 TEU from its fleet amid a
Group, which owns, develops and manages real
drive to return to financial health.
estate including warehouses, business parks
and offices globally, sees the establishment of CSAV accumulated net losses of $1.5bn since
the Goodman Japan Development Partnership the beginning of 2011, while Zim's losses have
(GJDP). The agreement is a 50/50 venture hit $559mn in the same period.
between Goodman and the Abu Dhabi
Investment Council. A combined $500mn of Freight Forwarding and Logistics Group
equity has been allocated to the partnership, Ventures Further into Supply Chain
with its leverage capability allowing for an initial Management
investment target in excess of $1bn. GJDP said
it has a strategy to develop modern logistics Freight forwarding and logistics company
facilities in the major logistics markets of Japan. Uniserve announced that it has acquired finance
Japan’s distribution centers are drawing and management consultants Portall Solutions
investors as the market rebounds from record- Ltd.- A 4PL company. Uniserve says the
high vacancies about two years ago. acquisition signals its intention to redefine
supply chain management services and to raise
Myanmar gets loan for highway current standards of industry capability with a
construction new concept of Global Trade Management
(GTM). According to the statement, the
India has extended a $ 500mn concessional acquisition of Portall will give Universe a
Line of Credit to the Government of Myanmar. significant addition to its range of capabilities.
The Line of Credit is at an interest rate of
1.75% per annum and repayment period of 15
years inclusive of 5 years moratorium. "The
Line of Credit will be utilised in the
infrastructure development projects, including
in the fields of Agriculture and Irrigation, Rail
Transportation and Power in Myanmar. EXIM
Bank of India releases and monitors funds
sanctioned under Government Lines of Credit.
Top 20 shipping lines add 844,000 TEU to
fleet over 12-month period
The top 20 ocean liners had added over the last
12 months 844,000 TEU in capacity to their
fleet amid a loss-making period. The two
largest carriers, Maersk and MSC, account for
Research4India 9
10. Logistics Track
Stock Market Update
Share Price Performance
As on 14th September 2012 Market Cap Price Percentage Change (%)
(In ` mn) (In `) 1W 1M 3M 6M 12M
Container Corporation of India 125,212 963.30 3.1% 1.4% 12.0% 10.2% 5.3%
Blue Dart 40,415 1,703.25 -0.7% -15.6% -13.8% -12.5% 2.5%
Great Eastern Shipping 37,943 249.15 -0.2% -12.6% -2.8% 13.9% 22.8%
Essar Ports Ltd. 36,991 86.45 0.6% -10.8% -2.8% 16.5% 27.5%
Shipping Corporation of India 24,874 53.40 4.9% -1.5% 0.7% -25.1% -37.2%
Allcargo Logistics 16,617 130.35 -5.0% -5.4% 8.5% -8.6% -12.6%
Gateway Distriparks 15,378 141.85 4.1% 3.1% 5.6% -6.1% 3.0%
Arshiya International 7,578 129.80 12.4% 3.9% 4.5% -13.7% 1.0%
Mercator Ltd. 5,265 21.50 -6.2% 0.5% 12.8% -34.4% -22.6%
Transport Corporation of India 4,340 59.60 -0.8% -5.9% -0.7% -8.4% -29.1%
Aegis Logistics 4,248 127.20 8.4% 8.4% 0.6% -21.4% -33.9%
Sical Logistics 3,684 66.25 -1.2% -1.2% -2.7% -1.9% -8.2%
Gati 3,199 36.95 -2.3% -3.2% 9.5% 7.3% -33.4%
SEAMEC Ltd. 2,917 86.05 2.6% -2.1% 4.9% -9.9% -15.8%
Aqua Logistics 2,985 9.95 -2.5% -2.0% 14.4% -32.1% -28.9%
Varun Shipping 2,168 14.45 0.7% -4.0% -4.3% -23.5% -29.0%
NSE Nifty - 5,610.00 4.4% 3.7% 10.3% 2.1% 11.3%
BSE Sensex - 18,021.16 3.9% 2.2% 6.8% 1.2% 9.4%
ET Logistics Index - 16,573.49 2.9% -1.2% 6.0% 1.6% -0.4%
ET Shipping Index - 6,307.42 0.6% -1.4% -3.0% -9.4% -18.0%
Baltic Dry Index (BDIY:IND) - 662.00 -1.0% -11.7% -27.4% -22.6% -65.6%
Baltic Dry Index
Road Freight Index Source: Baltic Exchange
U Source: Transport Corporation of India
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12. Logistics Track
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13. Logistics Track
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