Elektrans, CST & Marine Service to establish Chemtrans
Elektrans Group has joined hands with German tank operator Chemikalien Seetransport (CST) and the consultancy and engineering company Marine Service GmbH to establish a joint venture -- Chemtrans India Pvt Ltd.
"Elektran Group and a company affiliated to the reputed German tanker operator Chemikalien Seetransport GmbH (CST) and the consultancy and engineering company Marine Service GmbH are pleased to announce that they have concluded a joint venture agreement to set up 'Chemtrans India Private Limited," Elektrans group said in a statement.
An agreement setting gears in motion was signed by Daniel Chopra (Executive Chairman, Elektrans Group) and Christian Krämer (Managing Director, CST) in New Delhi, India.
The strategic partnership with CST and Marine Service is in keeping with Elektrans’ vision of charting a course for growth and expanding its global footprint, by forging strategic partnerships with reputed players in the global shipping industry.
It is expected that the union based on similar values, beliefs and practices between Elektrans, a first generation family owned shipping company and CST/ Marine Service, third generation family owned companies, will generate synergies which will benefit both Elektrans and CST/ Marine Service.