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20 April, 2024 09:35 IST
APM Terminals, NYK Auto Logistics commences operations of RORO yard
Source: IRIS | 27 Aug, 2015, 12.33PM
Rating: NAN / 5 stars.
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APM Terminals Pipavav, formerly Gujarat Pipavav Port, and NYK Auto Logistics (India) today announced the commencement of RORO operations at Pipavav Port. The first RORO vessel, m.v. Grand Dahlia, berthed at Pipavav on August 26 and loaded 1,300 vehicles. The vessel departed this morning after successful completion of operations. Ford Motors India dispatched the first lot of its new Ford FIGO built in its Sanand plant in Gujarat for exports.

APM Terminals Pipavav currently has three business verticals under its service portfolio which include container, bulk and liquid cargo.  Automotive cargo will be the fourth business unit which will add to both the top line and bottom line and help the business grow in the long run.

Commenting on the new business, managing director of APM Terminals Pipavav, Keld Pedersen said, '''As per our commitment to adding value to our existing service portfolio we are honored to have partnered with NYK Group for automotive cargo. The port is equipped with a stock yard for around 4,500 to 5000 cars along with a Pre Delivery Inspection (PDI) facility.'' Pedersen added, ''The facility is also equipped with a mobilization yard of 150 cars with a capacity to accommodate approximately 500 cars on the Quay.''

Shares of the company gained Rs 8.35, or 4.41%, to trade at Rs 197.50. The total volume of shares traded was 39,825 at the BSE (12.18 p.m., Thursday).

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