Hapag-Lloyd successfully completed its acquisition of 40% shareholding in J M Baxi Ports & Logistics Limited (JMBPL) previously approved by the relevant antitrust authority.
Hapag-Lloyd is acquiring a substantial stake in J M Baxi Ports & Logistics, a leading private terminal and inland transport service provider in India..
Hapag-Lloyd is acquiring a substantial stake in J M Baxi Ports & Logistics, a leading private terminal and inland transport service provider in India..
Hapag-Lloyd AG signed a binding agreement today under which it will acquire 35 % of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate.
Round The Coast to start short sea service in Kerala
May 25, 2021
Container vessel will link Cochin, Beypore, Azhikal ports, and later Kollam; trains will also be used
Round The Coast Pvt Ltd, of the JM Baxi group, will start a short sea container shipping service in mid-June linking Cochin Port (Vallarpadam), Beypore and Azhikal in Kerala.
Round The Coast is a new venture promoted by Mumbai-based logistics conglomerate JM Baxi group.
The Kerala short sea transport service named ‘Green Freight Corridor-2’ will be run with a 106 TEU capacity vessel, Kiran Nandre, Chief Executive Officer, Round The Coast told
BusinessLine. Kollam port will be added to the network later. The end-to-end service will use an optimum combination of coastal and train with the first and last mile connectivity managed with tractor trailers.