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PSTS Logistics investing in Tuticorin Port, India

Monday, September 9, 2013

PSTS, as a consortium partner, has signed an MOU to invest in Tuticorin Port to augment its handling capacity by an additional 8.72 million tons. Under this arrangement PSTS will invest in two Harbour Mobile Cranes of 120 tonnes capacity each. PSTS is currently handling approx 8.5 million tons of cargo, of which 6.5 million tons is dry bulk with the rest being break-bulk and project cargo. This additional capability has been created to increase the load and discharge rate of dry bulk cargo at Tuticorin Port by approximately 2.5 times, and at the same time to allow PSTS to meet the current trade requirement of fixing bigger vessels.
The entire story is covered and published by India's top business newspaper "The Economic Times," which is also the world's second-most widely read business newspaper after "The Wall Street Journal." You may follow this link to view the story as printed.
For more information/enquiries, please write to Mr. K.P. Singh at
KP Singh
Group Sales & Business Development
PSTS Logistics Pvt Ltd
Chennai, India