Seaways Shipping inks pact with MOL Logistics for supply chain services

File photo

Hydearbad-based Seaways' group flagship Seaways Shipping and Logistics on Monday said it has entered into a pact with the MOL Logistics (India) for providing end-to-end supply chain and turnkey logistics services to customers across the country.

The partnership will also enable the two companies to associate in prospective bids and project proposals with various clients in India and abroad, a release said.

Seaway group offers complete range of logistics services across the globe while MOL Logistics (India) is a part of the Japan-based MOL logistics.

"We are delighted to enter into this collaboration. Both MOL Logistics and Seaways are well-established large players in this industry, and we are uniquely placed to leverage our individual strengths," said P Vivek Anand, Director (Marketing) of Seaways.

Anand said while Seaways has a strong understanding of the Indian business environment and enjoys the confidence of a large client base, MOL Logistics brings to the table its global network, long-standing clients and an enviable track record.

"We will now be able to offer our customers a wide range of shipping and logistics solutions that are more efficient and cost-effective across any part of the world," he said.

The areas of collaboration cover all turnkey logistics activities including warehousing, customs clearance, container line (NVOCC), vessel agency, transportation/trucking, bulk cargo handling and supply chain management, among others, said the release.

"To meet our ambitious growth plans, we have been actively looking at expanding our presence across various geographies. India has tremendous potential for growth, and we are looking forward to this collaboration with Seaways Shipping," said Ryoji Yamamoto, Director of MOL Logistics (India).

The MOL Logistics Group will meet a wide variety of customer needs by making full use of its global network and logistics know-how such as air and ocean transport, cross-border transport with neighbouring countries, domestic transportation, warehousing, customs clearance, moving services, and plant and project cargo transportation, the release stated.

MOL Logistics, which was earlier known as Mitsuiline Air Service Co Ltd, set up its Indian subsidiary in 2017.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel