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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

APM Terminals Bahrain Push for Safety, IT systems

Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance

Seized Hanjin Shipping Vessel Resumes Operation in South Africa

Hanjin Paradip resume  its sailing from South Africa as talks continue with owner over unpaid charter fees. The ship had been detained in Richards Bay, South Africa

Deployment: The Transpacific Trade Steps Up To The Plate

In 2015, it was the Asia-Europe route which was the focus of changing deployment trends, says Clarksons Research.   This year, it is the Transpacific trade which

Marine Equipment

Wärtsilä Electrical Systems for SIEM RoRo Ferries

Wärtsilä has been awarded the contract to provide integrated turnkey electrical solutions for four new RoRo ferries being built at the Flensburger Schiffbau-Gesellschaft (FSG) yard in Germany.

APM Terminals Bahrain Push for Safety, IT systems

Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance

SRH Marine and Setel Powerline Pact for Greek Market

SRH Marine Electronics SA and SETEL PowerLine Ltd have entered a Reseller and Installation Partner Agreement.    Through this cooperation SRH is able to offer

Logistics

Oman Shipping Makes Profit

Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by  Oman News

DP World to Manage Somaliland Port for 30 Years

DP World has reached an agreement to manage the Berbera port in Somaliland, which would allow it to become a major hub for goods to transit to and from the Horn of Africa,

Abu Dhabi Ports Try to Lure Chinese Businessmen

Abu Dhabi Ports - the master developer, operator and manager of ports and Khalifa Industrial Zone in the Emirate - presented the integrated offerings of Khalifa

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.1347 sec (7 req/sec)