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GUJARAT PIPAVAV PORT LTD: Key takeaways
GPPL has recently signed a deal with Gulf Petrochemical allowing it to eventually build a
oil terminal at Pipavav port. This agreement is similar to the one signed with Aegis
Logistics in October 2010. Gulf Petrochemicals would pay lease rentals apart from
revenues related to cargo handling at port.
The company is actively seeking/ is in discussions with several other firms to sign similar
deals on the liquid cargo front. Of the total 20 mn tons of liquid cargo capacity Aegis and
Gulf Petrochemicals agreements would utilize about 1.2 mn tons.
Capacity expansion related to yard development is on schedule. GPPL expects the
container capacity to increase to about 850,000 by 2QCY11 (from current levels of about
600,000 TEUs).
Management expects the growth to be led by container volumes in CY2011 as well and
expects about 30% growth in containers in CY2011E.
The management expects to meet the minimum guaranteed volumes of 3 mn tons to
Pipavav Rail Corporation Ltd in FY2011 and hence should reflect in higher margins during
the year.
The company has recently added several shipping lines to its customer base which would
potentially boost future volumes. Among these are leading global container shipping lines
such as CMACGM (in consortium with Maersk), a consortium of RCL, SeaCon, Hamburg
Sud and Wan-Hai, OOCL and Yang Ming.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
GUJARAT PIPAVAV PORT LTD: Key takeaways
GPPL has recently signed a deal with Gulf Petrochemical allowing it to eventually build a
oil terminal at Pipavav port. This agreement is similar to the one signed with Aegis
Logistics in October 2010. Gulf Petrochemicals would pay lease rentals apart from
revenues related to cargo handling at port.
The company is actively seeking/ is in discussions with several other firms to sign similar
deals on the liquid cargo front. Of the total 20 mn tons of liquid cargo capacity Aegis and
Gulf Petrochemicals agreements would utilize about 1.2 mn tons.
Capacity expansion related to yard development is on schedule. GPPL expects the
container capacity to increase to about 850,000 by 2QCY11 (from current levels of about
600,000 TEUs).
Management expects the growth to be led by container volumes in CY2011 as well and
expects about 30% growth in containers in CY2011E.
The management expects to meet the minimum guaranteed volumes of 3 mn tons to
Pipavav Rail Corporation Ltd in FY2011 and hence should reflect in higher margins during
the year.
The company has recently added several shipping lines to its customer base which would
potentially boost future volumes. Among these are leading global container shipping lines
such as CMACGM (in consortium with Maersk), a consortium of RCL, SeaCon, Hamburg
Sud and Wan-Hai, OOCL and Yang Ming.
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