PSTS Logistics Pvt Ltd, a port-based logistics service provider on the east coast, is charting a growth path that will lead it to coastal shipping. The business plan envisages the turnover to touch Rs 300 crore by 2012 from Rs 100 crore this year.
PSTS is into the business of multiple port-based support services including shipping agency, stevedoring, customs clearance, CFS management, freight forwarding, chartering, heavy equipment hiring and trading, over-dimensional cargo handling, in-plant logistics services, warehousing and secondary distribution of export and import cargo, said J Ganesh Ram, joint managing director of the company.
He told FE that “the service capabilities in these whole range of port logistics and the drive to grow has landed PSTS at the threshold of coastal shipping. We will enter into it as a joint venture with an experienced player. Initially, we will go for time charter of vessels and then invest in own fleet”.
Ganseh Ram believes that there is big business potential in coastal shipping which would be much easier and economical in future, with a slew of maritime projects.
PSTS is into the business of multiple port-based support services including shipping agency, stevedoring, customs clearance, CFS management, freight forwarding, chartering, heavy equipment hiring and trading, over-dimensional cargo handling, in-plant logistics services, warehousing and secondary distribution of export and import cargo, said J Ganesh Ram, joint managing director of the company.
He told FE that “the service capabilities in these whole range of port logistics and the drive to grow has landed PSTS at the threshold of coastal shipping. We will enter into it as a joint venture with an experienced player. Initially, we will go for time charter of vessels and then invest in own fleet”.
Ganseh Ram believes that there is big business potential in coastal shipping which would be much easier and economical in future, with a slew of maritime projects.