Aegis Logistics commissioned ahead of schedule

By Joseph R.Fonseca
Tuesday, April 08, 2014
Tank Farm of Aegis Logistics

Aegis Group, a Leader in Oil, Gas and Chemical Logistics, announced successful early commissioning of the 70,120 KL Bulk Liquid Terminal at Pipavav port on West coast of India.

 

The Pipavav - Phase I expansion was initiated in February 2013 to set up Bulk Liquid Terminal of 1,20,000 KL & 2,700 MT of Gas Terminal & was targeted to commission in H2 FY2015. However, the best efforts of in-house project team resulted in advancement of project by six months. Over 50% Liquid Facilities has now been commissioned with 13 additional tanks operational with a storage capacity totaling to 70,120 KL. 

 
Phase I of capacity expansion at Pipavav is a greenfield project to set up Bulk Liquid Terminal with 31 tanks aggregating to the storage capacity of 1,20,000 KL and 2700 MT Bulk Gas Terminal with estimated LPG handling capacity of 1,00,000 MT. With partial commissioning already done, the Company is confident that the project would be fully commissioned by H2 FY2015. The expanded facilities at Pipavav Port shall enable the company to expand its  horizons by catering to market of Northern and North Western Hinterlands. The new facilities shall store & handle Petroleum, Chemicals and Petrochemical products. 
 
The port is close to main maritime trade routes linking Europe & Middle East with Asia giving an opportunity to the Company to handle products for the countries from this region as well. With new capacity, Aegis Group will be able to handling liquid volumes of over 3 to 4 Million MT and Gas volumes of over 750,000 MT. 
 
 
 Commenting on early commissioning at Pipavav, Anish Chandaria, Managing Director & CEO said “It gives us great pleasure to announce a very important milestone in our company. Early commissioning of Bulk Liquid Terminal at Pipavav is a step towards Company’s strategy of building a necklace of port terminals around India’s coast line. The early commissioning of the Liquid Facilities of the Pipavav 
– Phase I project will generate additional Revenues & Profitability for Aegis and also help instill confidence in our Customers for a longer term relationship and business for the upcoming Phase II project at PipavavThe Company is continuing its activities towards its mission to build an unrivalled national port infrastructure and distribution network in the Oil and Gas sector in India.” 
  
The Pipavav Port is operated by AP Moller Maersk Group, having strategic location in the gulf of Khambat, 152 nautical miles north of Mumbai as well as being all weather port with 24X7 operations and modern environment friendly infrastructure facilities. The Port is well connected through road and rail networks to the cargo hinterland in Gujarat, Rajasthan, Delhi NCR and Punjab.
  
Aegis Logistics Limited is India’s leading Oil, Gas, and Chemical logistics company. The company has five distinct but related business segments, and operates a network of bulk liquid terminals, liquefied petroleum gas (LPG)  terminals, filling plants, pipelines, and gas stations across the country to deliver products and services. Aegis Group also operates internationally through its sourcing and trading subsidiaries located in Singapore. 
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Long Beach Cargo Continues to Climb

Cargo container traffic rose 7.3 percent in September at the Port of Long Beach compared to the same month last year, making for the Southern California seaport’s busiest September since 2007,

New Intermodal Rail Service from PortMiami

Florida East Coast Railway (FECR) and PortMiami, through a strategic alliance, are offering the Sunshine Gateway service, which includes on-dock intermodal rail capabilities.

Singapore’s MPA Discuss LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

News

Coast Guard Foundation to Honor USCG in Miami

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Sunken Barge Salvage Stops Traffic on Chicago River

The U.S. Coast Guard said it is restricting vessel traffic on the Chicago River to allow for salvage of a sunken barge. All cargo has been removed from the sunken

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Marine Equipment

B COOL Acquires MEMAC

With the acquisition of MEMAC, B COOL A/S now offers customers one entry to multiple maritime systems – both refrigeration solutions and monitoring of the engine

TRIYARDS Buys into Aluminium Shipbuilding Expertise

TRIYARDS Holdings Limited, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has added new capabilities, products

Singapore’s MPA Discuss LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

Logistics

Long Beach Cargo Continues to Climb

Cargo container traffic rose 7.3 percent in September at the Port of Long Beach compared to the same month last year, making for the Southern California seaport’s busiest September since 2007,

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

New Intermodal Rail Service from PortMiami

Florida East Coast Railway (FECR) and PortMiami, through a strategic alliance, are offering the Sunshine Gateway service, which includes on-dock intermodal rail capabilities.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2008 sec (5 req/sec)