Offers complete range of freight forwarding Service Worldwide See Back Pg.
Vol. LXII No. 79 th FRIDAY 29 APRIL 2022
J M Baxi Ports & Logistics buys 26% stake in Visakha Container Terminal from D P World MUMBAI: J M Baxi Ports & Logistics Ltd, a unit of the Mumbai-based 105-year-old J M Baxi Group, has acquired the residual 26% stake in Visakha Container Terminal Pvt Ltd from DP World. The deal means that Visakha Container Terminal is now 100% owned by J M Baxi Ports & Logistics Ltd. The acquisition gives J M Baxi complete control over this large hub terminal on the east coast, cementing its strong position as the dominant provider of integrated logistics and ports services on the east coast of India. Cont’d. Pg. 6
APM Terminals Pipavav secures Jade Express P I PAVAV: A P M Te r m i n a l s Pipavav, one of the leading gateway ports in Western India, has secured a new service Jade Express mainly for transhipment cargoes. The weekly service, introduced by Maersk, will connect Port Pipavav to Port Qasim. Jade Express connects Pipavav perfectly in time for the MECL service [West Bound for the North America] and provides same day connectivity on the FI3 service [for the Far East]. Cont’d. Back Pg.