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i-maritime news letter

Aegis Logistic enters bunkering business - 2012-01-31

Aegis, a Mumbai-based listed logistics group, is entering bunkering and allied business. The company, which operates liquid terminals in Mumbai, Kochi and Pipavav, has also started technical services to vessels. Besides fuel and technical services, the newly-created marine products division will sell lubricants and other marine products.
To begin with, the new business will be launched in Mumbai and Kochi, said Mr Rajiv Chohan, President, Aegis Logistics. “We plan to leverage our tankage capacity at ports across the country to offer bunkering services”, he said. The company, which had acquired Shell Gas's LPG bottling plant and distributions facilities in 2010, is also expanding its logistics services in chemicals and petrochemicals. Aegis is a leading player in marketing auto LPG. In Mumbai, Aegis owns and operates a 20,000-tonne refrigerated gas terminal, through which it has been importing and marketing bulk LPG and propane in the Western Region, said a press release.