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SPS, Doehle Danautic tie up for logistic services

Posted on Feb 07, 10:31PM | IANS

Kolkata, Feb 7 : SPS Shipping Ltd., an arm of Kolkata-headquartered SPS Group, Thursday announced a tie-up with Mumbai-based Doehle Danautic India to provide logistic solutions by barge transportation and transloading of bulk cargoes through inland waterways

The alliance will be largely banking on large imports of raw materials in the eastern region and coal imports by power-producing companies, providing the firms a cheaper cargo unloading solutions at Sagar Island.

"The company will be basically a logistic firm which will offer different shipping solutions like cargo unloading through transloanding or barge transportation," SPS Group chairman Bipin Kumar Vohra told reporters here.

Vohra said companies like thermal power producer NTPC was currently using Gangavaram port in Andhra Pradesh to unload large quantities of imported coal due to draft problems of West Bengal's Haldia port.

"We can offer the companies unloading solutions at Sagar island if they want," he said.

SPS Shipping Ltd managing director Ravi Dey said the company was also looking to participate in a bid for a coal handling project through inland waterways for NTPC's plant at Barh in Bihar.