Aegis Group setting up a major liquid terminal at Pipavav is part of its expansion spree to establish liquid terminals all over the Indian coast
Aegis Group, leader in oil, gas and chemical logistics embarked last week on its major expansion project at Pipavav Port, Gujarat in Western India. It is setting up a bulk liquid and gas storage terminal for enhancing capacity by another 120,000 KL of bulk liquid and 2700 MT of gas. This expansion project is part of the company’s strategy of building a necklace of port terminals around India’s coast line. Having established terminals at Pipavav, Mumbai, Haldia and Kochi, and with plans to set up other inland oil terminals on a “build, own, operate” basis will all go a long way to help Aegis service the national oil companies and develop a retail distribution network for the LPG business. This development comes exactly a year after the group made a dramatic entry into the bunkering sector.
The first Liquid Terminal at Pipavav port already has a new berth for liquid cargo. Operated by the AP Moller Maersk Group, Pipavav port is strategically located in the gulf of Khambat, 152 nautical miles north of Mumbai. It is an all weather port with 24X7 operations and modern environment friendly infrastructure facilities with well connected road and rail networks linking the hinterland of Gujarat, Rajasthan, Delhi NCR and Punjab. The project is considered a step in the right direction as the demand of 3PL facilities by oil and gas sector is increasing largely due to deregulation and liberalization through Government policy initiatives and reforms.
Currently, Aegis Group handles liquid volumes of over 2 Million MT and gas volumes of over 600,000 MT. Besides helping Aegis to capitalize on the increased demand for 3PL facilities by the oil and gas sector the additional capacity will augment the ability of the group to offer its customers a comprehensive portfolio of facilities for a large variety of cargoes at different ports.
At the launch of its Marine Products Division .Anish Chandaria, Managing Director & CEO of Aegis Logistics Limited had informed that they were the largest importers of gas into India. Because they possessed the infrastructure at the ports they decided on diversifying and supplying fuel for the ships coming into the ports themselves.
“We can prove to be more attractive than Singapore,” Mr Chandaria had declared. “The scope for bunkering is immense because India is on the map for ships. Many ships from China go via Sri Lanka that is because the ports here are underdeveloped and problem of demurrage, etc still exist. But at Pipavav we offer good terms to ships if they pick up bunkers from India. We are confident of making that turnaround and eventually make a break-through in bunkering.”
With experience of four decades in providing 3PL logistics services to oil and gas sector, Aegis Group is well poised financially and technically to take up and complete expansion at a speed requisitioned by the present industrial scenario. The expanded facilities will enable the Group to handle over 1 Million MT of liquid cargoes and 100,000 MT of gas for its customers and will be able to expand its horizons by catering to untapped markets in Western Gujarat, North India, etc.
In Singapore, Aegis has a subsidiary supplying bunker to a large number of their clients. But the typical work is done in India. Aegis is targeting large volume for 2012 – 13 in India and is confident of achieving over $ 100 million turnover