Seacoast Shipping Services gets nod for cargo movement project

Seacoast Shipping Services Limited (SSSL) has announced that Gujarat Port and Logistics Company Limited (GPLCL) being SUP floated by Gujarat Maritime Board and GSFC has accepted proposal proposed by SSSL for developing coastal movement of containers and Bulk cargo from minor ports to major ports via sea route through bogies.

The above project will be the first move towards Sagar Mala Scheme, by Government of India, Ministry of Shipping to reduce land traffic which to be beneficial to environment and will be high cost effective exim trade and will play major role in economy.

The above project will have high revenue income which will increase the turnover above 200 Cr. additionally to the current business and will be in position to deploy 100 employees. Moreover SSSL has proposed Joint Venture to GPLCL for long term association which is under procedure for implementing as per policy of Government.

Source : Equity Bulls

Keywords

SeacoastShippingServices GPLCL GujaratMaritimeBoard CoastalMovement Containers BulkCargo SagarMalaScheme