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Exploring JV for completed car yard operation

Mitsui O.S.K. Lines, Ltd. (MOL), Tokyo, has signed a memorandum of understanding with Sical Logistics Ltd., Chennai City, in preparation for the launch of a joint venture (JV) to operate a completed car yard at Ennore Port near Chennai, India.

MOL and Sical each brings unique strengths to the partnership. MOL has accumulated decades of know-how in Asia's automobile logistics market, while Sical has a proven track record in port and harbor operations in southeast India. The companies plan to establish the JV within 2009.

The joint venture will be engaged in yard operations such as storage and preparation for loading of vehicles at the export port, of all operations for exports of Nissan vehicles, for which MOL has already secured a contract.

Article Editorial staff Ship&Offshore
Article Editorial staff Ship&Offshore