MOL, Sical sign MoU for auto yard management JV at Ennore

Chennai, Aug 4 (ANI/Business Wire India): Sical Logistics Ltd, India's leading provider of multi-modal integrated solutions for the logistics of bulk and containerized cargo, today announced that it has signed a Memorandum of Understanding with Japan's Mitsui O.S.K. Lines Ltd. (MOL) to operate the automotives management yard at Ennore Port, near Chennai.

MOL is among the world's largest shipping and logistics companies and considered among the leaders in global automotive transportation.

The MoU was signed by Takashi Kurauchi, Managing Executive Officer, Mitsui O.S.K Lines, and LR Sridhar, Managing Director, Sical Logistics, in the presence of S Velumani, Chairman-cum-Managing Director, Ennore Port Ltd.

The yard will manage automotives in CBU (complete built-up unit) form and will cater to automotive exporters/importers based in India.

The proposed JV will combine the expertise of MOL in global automotives transportation and yard management with Sical's competencies in multimodal integrated logistics and terminal operations. (ANI)