The vessels ordered by SCI are of 80 tonne bollard pull capacity each with superior specifications. These vessels will be able to offer the essential support and services for growth of the Indian Offshore industry.
In the offshore sector, SCI presently has a fleet of 12 vessels of which 9 vessels were acquired during the mid eighties. These vessels have been serving the oil exploration and production sector in India and the older vessels were upgraded by SCI with dynamic positioning systems, enabling the vessels to offer superior service to the oil industry. The present order of 6 vessels would serve as part replacement of these ageing assets after their phase out from the service. In addition to these 12 owned vessels SCI has on order 2 AHTS vessels of 80T capacity each, 3 AHTS of 120T capacity each and 2 PSVs. SCI has also been operating offshore vessels owned by ONGC, some of which are specialized vessels requiring high technical expertise for management. SCI has built up such required expertise through rigorous training of dedicated teams over the years. The present order for 6 nos. 80T capacity vessels mark SCI’s further interest in the offshore segment, which is growing at a rapid pace in the international as well as Indian context.

With the present order SCI’s order book position improves to 29 vessels, which include VLCCs, cellular containers vessels, bulk carriers and offshore vessels.

Media Contact
Girija Balan, Pressman PR

Tel: +91 22 22188880, Cell: 09821736716

Email: pr@pressmanindia.com

Highlights – For nine months ended December 31, 2011, on consolidated basis –

~Charter Earnings stood at INR 161.18 Crores, up by 9%

~EBIDT was INR 67.47 Crores, up by 9%

Mumbai, February 1, 2012: Global Offshore Services Limited (Formerly known as Garware Offshore Services Limited) one of the offshore vessel service providers announced their results for the third quarter ended December 31, 2011 with Charter Earnings of INR 4,409.76 lakhs and a Net Profit of INR 1,007.34 lakhs on a standalone basis. This was a substantial “jump” in earnings and Profit as compared to the previous quarter i.e. Q2 FY 12. Compared to the previous quarter, the income rose by 37% and the Net Profit surged by 40%.

On a consolidated basis, compared to Q2 FY 12, Income from Operations increased by 17% and Net Profit also surged by 92%.

For a 9 month period, on a standalone basis, the charter earnings stood at INR 110.21 crores with a Profit After Tax of INR 22.84 crores while EBIDT margins stood at INR 61.92 crores.

Commenting on this development, Mr. Aditya Garware, Vice Chairman and Managing Director, Global Offshore Services Limited said, “Global Offshore’s performance has been satisfactory this quarter and this has been a testimony of our efforts. We hope to achieve maximizing utilization of assets in the forthcoming months. As compared to the corresponding quarter of the previous year, the Charter Hire Income has increased by about 4% to INR 4,409.76 lakhs. This is despite the fact that the company has sold two of its older vessels in the last 12 months.

“On a consolidated basis, for the quarter ended 31st December 2011, the charter hire earnings stood at INR 62.09 crores, an increase of 23%. This increase is due to the fact that all the vessels are on term contracts.”

About Global Offshore Services:

Global Offshore Services Limited is engaged in the business of providing offshore logistics support services to the exploration & production / construction industry. The company presently operates a fleet of eleven vessels. The company’s vessels are working in various markets including India, Europe, West Africa and the Far East.

For further details, please contact:

Hanmer MSL Communications Pvt. Ltd.
Priyanka Patil
T: +91 95455 53310
E: priyanka.patil@hanmermsl.com

Jaswinder Manchanda
T: +91 99673 75327
E: jaswinder.manchanda@hanmermsl.com

Rate Restorration (RR) : The SCI is announcing a freight rate increase on cargo moving ex-Indian Sub-continent to Europe/Med Sector @ US$ 200 / TEU, w.e.f. 30th Jan 2012. The increase is for all the bookings to North Europe, UK, Mediterranean and Black Sea ports. The RR is imperative at this point to meet the overall operation costs and, hence, to serve the trade efficiently.

As usual, the SCI will continue to operate the Service with high level of reliability, proficiency and overall fast services that its customers have come to expect.

Media Contact
Girija Balan, Pressman PR

Tel: +91 22 22188880, Cell: 09821736716

Email: pr@pressmanindia.com

During the period, the Coal Division contributed 58% revenue while Dry Bulk contributed 22%; Tanker 10%; Dredging 5% and Offshore Division 5%.

The coal volumes are expected to further improve in the coming quarters. The recent coal mine acquired in Indonesia would commence commercial operations in the last quarter of FY12.

The Oil and Gas Division has successfully commissioned FPU unit in Nigeria and the operations are doing well as per schedule. Exploration activities of two onshore oil blocks in Gujarat are on schedule.

Backed by a good order book, the Dredging Division is doing well and to meet the increased capacity requirement, Mercator has recently added a Cutter Suction Dredger and a TSH Dredger.

The oversupply in tonnage in all the segments continued to affect the operations of the Shipping Division and the earnings were further impacted as the bunker rate of heavy fuel oil increased.

About Mercator Lines Ltd.

Mercator Lines Limited has global presence through its subsidiaries. The group has diversified interests in Shipping (Tankers & Bulk Carriers), Dredgers, Offshore (Oil& Gas and E&P), Coal Mining & Procurement and Logistics. Mercator Group owns or operates a fleet of 18 dry carriers; 8 tankers and 6 dredgers in addition to 1 MOPU and 1 FSO. The Group also owns Coal mining concessions in Indonesia & Mozambique and has right to explore, develop and produce Oil and Gas from two onshore oil blocks in the Cambay basin in Gujarat under NELP VII.

Media Contact
Girija Balan, Pressman PR
Tel: +91 22 22188880, Cell : 09821736716
Email: pr@pressmanindia.com

  By Chozha Naachiar, President – Tamil Chamber of commerce & Chairman Consultative Committee of City Chambers of Commerce.

***********

It is unfair the Shipping lines and feeder operators charging congesstion surcharge in the name of Chennai Trade Recovery ( CTR) charges on Export & import containers.  Mearly issueing notice to trade does not empower them to collect such charges, which is legally not valid.

Since all the stake holders are putting their effors jointly in solving the issues, and the situation at the port is improved, the liners and the feeder operators without authority in the absence of any regularatory body to control this kind of practiceses levying  the trade with huge amounts which affects the entire trade.

So, the Tamil chamber of commerce appeal to the Shipping Lines and the Feeder operators to immediately withdraw the congesstion surcharges (CTR).  In the interest of EXIM Trade.

The Tamil Chamber also request the Chennai Port Trust to give priority berthing only to those shipping lines and operators who are not charging Congestion Surcharge.   The chamber will also take this matter to the shipping ministry to establish the regularatory body to curb this kind of practices and control in the future.
CHOZHA NAACHIAR RAJASEKAR 

Shri M.B. Sagar has the distinction of being First Class throughout his academic career. After completing his post graduation in Industrial Economics from the Gujarat University, Ahmedabad in 1984 he was a Research Scholar with the Sardar Patel Institution of Economics & Research, Ahmedabad.

He joined the Indian Police Service in 1985 and commenced his career in the Districts of Durg and Raipur (then part of erstwhile State of Madhya Pradesh and currently part of State of Chattisgarh). Thereafter he served in various capacities in the State of Madhya Pradesh such as Superintendent of Police in Sehore and Betul Districts; Commandant in 3 Units of MP SAF Battalions DIG, CID Police Head Quarters, Bhopal. After elevation to the rank of IGP in 2003 he was posted as Director (Vigilance & Security) in M.P.S.E.B. He was also Zonal / Range I.G.P. of Sagar Range as well as Hoshangabad Range and I.G.P.(CID Vigilance), Police H.Q. Bhopal.

Shri Sagar has also worked in the Public Sector Vigilance Divisions – Air India (1997-2002) and now he is currently the Chief Vigilance Officer of The Shipping Corporation of India Ltd, a Navratna PSU in Mumbai.

Shri Sagar is a widely travelled Officer. He has widely travelled in US, UK, European countries, Africa etc, in connection with his official work and Vigilance enquiries during his posting in Air India. He has written books on Police like “Police Drill Manual” one of the first of its kind for the MP State Police and a book called “SAF- an overview”.

Shri Sagar has been the recipient of several awards and accolades such as “Best Commandant” from various Battalions in MP and the President’s Police Medal by Shri APJ Abdul Kalam in 2005.

The SCI extends its hearty congratulations to Shri M.B. Sagar on his being awarded the President’s Police Medal in 2011 for distinguished service and wish him many more such successes in his future career.

THE SHIPPING CORPORATION OF INDIA LTD.
“Shipping House, 245, Madame Cama Road, Mumbai 400 021

The vessel has a gross tonnage of 33,032 tonnes and deadweight of 56,638 tonnes. The vessel has been classed with BV and IRS and has been built to comply with the latest and most stringent international regulations. This will be the first vessel in SCI fleet to be equipped with camless electronic Main Engine.

India has been on a fast track growth trajectory and industrial and infrastructural development plays a major role to sustain this growth. Strengthening its bulk carrier fleet would definitely help SCI contribute to this growth as well as increase its presence in the bulk carrier segment. The prevailing downturn in the shipbuilding market is throwing up opportunities for acquiring tonnage at attractive prices and SCI is geared to take advantage of such opportunities.

With addition of this vessel, SCI’s fleet strength has increased to 79 vessels. Acquisition of the vessel is in line with SCI’s strategy of maintaining a modern and young fleet of vessels. The Company has 30 vessels on order at present and 12 of these are scheduled for delivery by the end of 2011.

ादर /Best Regards

राजेन्द्र एम. करंगुटकर
Rajendra M. Karangutkar
उप प्रबंधक – जनसंपर्क /Dy. Mgr – PR, एससीआई लिमिटेड/SCI Ltd.

These vessels are presently under construction at M/s Guoyu Shipyard, China which is under the same group of M/s Grand Yard Investments Ltd. The vessels are at an advanced stage of construction and would be delivered to SCI within 4 months and 5 months of contract effectiveness respectively.

SCI presently has 17 bulk carriers in its fleet out of which some of the Handymax bulk carriers would be due for phasing out shortly. The vessels contracted now would enable SCI to partly replace some of these Handymax bulk carriers which have completed their economic life. SCI also has another 6 Handymax bulk carriers on order with STX Shipyard, China which will join the SCI fleet during the year 2011-12.

The major economies of the world are on a revival path after the global slowdown. The fundamentals of Asian economies continue to be strong and outlook for dry bulk trade remains positive. SCI would be able to cater to this growing trade with the new vessels upon delivery. SCI also has further plans to augment its bulk carrier fleet by acquiring Panamax and Capesize bulk carriers in the near future.

SCI has embarked upon a major fleet acquisition plan and presently has 31 vessels of 20.22 million DWT on order. This includes all types of vessels, i.e. crude oil carriers (VLCCs), dry bulk carriers, cellular container vessels and offshore supply vessels. Total investment for these projects would be over US $ 1.39 billion (about Rs. 6,200 Crores).

“The Ministry of Shipping is working on a new policy to promote coastal shipping and also in the process of formulating a package for promoting Indian ship building industry” said  Mr. G K Vasan, Hon’ble Union Minister for Shipping, Government of India while delivering his inaugural address at the “Ports and Maritime Investment & Business Conclave” organized by the Confederation of Indian Industry (CII) here today.

Mr Vasan said that the Maritime Agenda released by the Ministry recently, which is a vision document for the next 10 years has set some important goals like increasing port capacity to around 3200 million tonnes – which will require an investment of about Rs. 3 lakh crore; to enhance the Indian tonnage four fold to 43 million GT by 2020, improve India’s share in global shipbuilding to 5% and increase the share of Indian sea farers to at least 10 %.

In the last two years, nearly 22 public private partnership projects have been awarded at a total investment of about Rs. 9077 crores. To facilitate private sector investment, we have put in place a favourable and investor friendly policy framework, which includes a 100 % FDI in shipping and port sector, said Mr Vasan.

Mr Vasan said that the Government is proposing to develop Colachel Port which has a deep draft and is strategically located close to the International maritime routes.

He also said that the Shipping Ministry has brought out a new land policy and a policy to prevent monopoly in ports.

Mr. K Mohandas, Secretary, Ministry of Shipping, Government of India in his address said that we recently reached a milestone of 10 million tonnes port capacity and our target is to reach 43 million tones by 2020.

Mr. Das said that to enhance the commercial development of ports in India private sector investment has to come in bulk. Indian tonnage needs to be stronger than the present value. Also the present comparison of tonnage handing of major Vs minor ports which is 2:1 has to become 1:1 by 2020, which is the target set by the Shipping Ministry, he added.

Mr. B K Chaturvedi, Member, Planning Commission, Government of India in his address said that according to the 11^th year plan the achievement in the port and maritime sector is good. There are certain factors that the stakeholders have put forward will be looked into in the 12^th year plan, like deregulation of the tariff, fiscal policy proposed for enhancing capacity  and promoting manufacturing in ship building and other port related sectors.

Mr. N Kumar, Past President, CII & Chairman, CII Institute of Logistics & Vice Chairman, The Sanmar Group in his welcome remarks said that India’s economy is greatly depended on external trade and external trade hugely depends on ports and shipping sector.   World class infrastructure in terms of rail and road is the need of the hour to enhance port and shipping development in India.

Mr. S Hajara, Chairman, CII National Committee on Shipping & Chairman & MD The Shipping Corporation of India in his concluding remarks said that the EXIM trade accounts to 40 % of our GDP. India is exporting hugely to other countries and ports are solely responsible for that. The Government of India should give more importance to ports in enhancing and developing ports and shipping sectors.

The stakeholder’s perspective was given by Mr. Rajiv Agarwal, CEO & MD, Essar Shipping, Port & Logistics Ltd.  Mr Agarwal said that foreign trade is growing tremendously and the investments in port sector are increasing. He urged the Government for access to foreign currency funds, loans and also exemption of MAT.

Mr. B Sridhar, Vice Chairman, CII Institute of Logistics and Director, Bengal Tiger Line (India) Pvt Ltd in his stakeholders remarks pointed out two key issues: the Infrastructure status which needs immediate attention of the Government so that shipping industry can function more effectively and fiscal measures in terms of having access to competitive funds and relief in taxes.

The conclave was attended by over 250 delegates from the port and maritime sector from across the country.

4^th February 2011

Chennai

Neelam Joshi

Media Desk

Confederation of Indian Industry

23, Institutional Area

Lodi Road

New Delhi – 110 003

Mobile: 9810882431

India’s Shipping Minister invites Singapore investment in the Maritime Sector 276 port projects worth USD 20.8 billion on offer

India, September 29, 2010: India‘s Shipping Minister, G K Vasan, who is leading a delegation of senior government officials and business leaders from the India maritime sector to Singapore, today invited Singapore to participate in India’s port development programme. He outlined the opportunities for foreign investors in India’s USD 20.8 billion port upgradation and modernisation programme involving 276 ports, many of which are Public-Private Partnership projects in various stages of implementation or bidding.

Minister Vasan was speaking at a seminar on the Ports and Maritime Industry of India organized by the Indian High Commission and CII today.

Similarly, India is also surging ahead in shipping and ship-building, the Minister said. India is currently ranked 16^th among the maritime countries in terms of the size of its merchant shipping fleet and tonnage has grown from 6.94 million GT in 2004 to cross the 10 million GT mark last month for the first time. Shipbuilding has high growth potential owing to certain inherent strengths, especially low labour cost, strong domestic demand, well-established steel and manufacturing industry and availability of technically qualified manpower, and an investment of USD 4 billion is envisaged in Indian shipyards in the near future.

Apart from investments, India also looks to Singapore for expertise, given Singapore’s impressive and world-class port and maritime industry, the Minister added. Many Singaporean companies have already invested in India’s ports, maritime and logistics sector and also entered into joint ventures with Indian companies, but given the expected healthy growth of the Indian economy, there is tremendous potential for Singaporean companies. Minister Vasan outlined some of the key investor friendly policy initiatives taken by the Ministry and assured the Government of India’s complete support to Singaporean companies investing in the sector.

The seminar featured session on Ports and Shipping sectors, and was attended by around 200 representatives of industry from Singapore. Well known ports and shipping companies from India including Mundra Port, Bharati Shipyard, Jindal Saw, Pipavav Shipyard, Essar Shipping, IL&FS, Shipping Corporation and Chairmen of ports of Chennai, Cochin, Kandla, Kakinada and Mumbai were part of the delegation that travelled to Singapore from India.

Mumbai, September 9, 2010, /IndiaPRLine.com/India is an integral part of the global village and its reach has augmented exponentially over the last few years, with Indian companies setting up bases abroad and multinational firms entrenching themselves in India. In view of the huge diversity in Indian topography and with business transcending geographies, the supply chain network – the backbone of growth, has become multi-modal and infrastructure dependent. ( http://www.bharatbook.com/detail.asp?id=149775&rt=Indian-Logistic-Industry.html )

Indian Logistic Industry

A well-developed and networked logistics industry is imperative for the success and overall growth of the economy. An efficient supply chain management provides a competitive edge to industry players. Logistics has always been perceived as a cost centre and across industries efforts are made to manage cost rather than use it to enhance customer satisfaction and improve revenue growth. It believes that logistics should be viewed as a strategic tool, which can lead to efficient business operations resulting in higher revenues and better profitability.

It has estimated the overall Indian logistics spend at Rs 2.7 trillion in 2008-09, which includes only primary transport modes and infrastructure, equivalent to around 8.2 per cent of the Gross Domestic Product (GDP). And if the secondary movement (from the hub to the various depots) is also included, this shoots up to 10.7 per cent, which is significantly higher than those of developed nations where it averages 5-7 per cent. Higher logistics spend as percentage of GDP can be attributed to the overall inefficiency in logistics operations, multiple tax structures, inadequate infrastructure and unorganised nature of the industry in India.

For more information kindly visit : http://www.bharatbook.com/detail.asp?id=149775&rt=Indian-Logistic-Industry.html

Related Reports

Global Top 10 Logistics Companies Industry, Financial and SWOT Analysis

http://www.bharatbook.com/detail.asp?id=128455&rt=Global-Top-10-Logistics-Companies-Industry-Financial-and-SWOT-Analysis.html

Logistics: Global Industry Overview

http://www.bharatbook.com/detail.asp?id=132779&rt=Logistics-Global-Industry-Overview.html

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Beebay Brings Girls Skirts in Different Lengths and Sizes

17th Aug 2010 – Beebay holds expertise in designing and manufacturing unique collection of baby girl dresses. The entire array encompasses- skirts, t-shirts, night suits, bottoms, blouses, overalls, etc that adds a pleasant look to the baby girl of age 0M to 4Y.

Beebay is a kids garment shop that offers various designer kids wear at reasonable prices. Shopping for kids is fun with its online store-www.beebayonline.com. It showcases the entire product line of Beebay including designer and fashionable outfits for kids of 0M -12Y. These are designed as per the latest fashion trends and meet the taste of kids as well as their fashion conscious mothers. These are extremely soft on the tender skin of the young ones and are tested for skin friendliness so as to prevent rashes and allergies on kids’ skin. The wide array of girls skirts offered by Beebay are high in fashion and are worth to dress up kids for various occasions, birthday parties, and celebrations. Available in different sizes, the designer skirts bear elastic waist for easy fit. These skirts also bear two-three tiers, flairs, frill and laceworks. Portraying the playful nature of young ones these skirts are offered in myriad of designs, shades, patterns and prints. The stylish gamut is perfect as a daily wear too.

Backed by its state-of-the-art manufacturing unit and team of adept professionals, Beebay successfully delivers a flawless range of kids wear. With its prime focus on quality paradigm, it fruitfully caters to the demands of its customers. In fact, stringent quality policy, ethical business practices and proven track record in the industry enables it in attaining a broad client base and a niche in the market.

www.beebayonline.com offers a brief overview about the enticing collection of Beebay kids wear that are suitable for kids and young children of all age groups.

Infibeam.com enhances its existing online bookstore by adding the largest selection of over 70 lac new, rare and used books for shipping across India. Now customers can compare prices and availability across marketplace sellers and get the book at lowest cost delivered to their home any where in India with free shipping.

Ahmedabad, Gujarat, India – 9th July 2010 / IndiaPRLine / — With over 7 million titles from diverse genres, the online book store at Infibeam.com is indeed thriving. In the wake of rising demands for cost effective purchases, Infibeam embarks on the New, Used and Rare Books marketplace. The marketplace platform allows users to select from a wide range and buy books at lowest prices. The recent announcement of offering new, rare and used books including textbooks, makes Infibeam.com the largest online bookstore in India.

Speaking on the launch, Mr. Vishal Mehta, CEO, Infibeam.com, said, “The New, Rare and Used books marketplace creates genuine value for customers by bringing enhanced choice and selection at affordable prices”. He added, “Avid readers are always on the look out for wide selection and best deals. In an attempt to bring a wider catalog and enticing offers, we have embarked on the used books selection. We are partnering with vendors from all over, to avail a variegated selection. Buyers may now choose the title and buy Books at incredibly low prices”.

The books marketplace at Infibeam.com is a repository for bestsellers, classics, out of print books, rare books and much more. The books selection presently carries 70 lac titles and it is bound to grow to a 100 lac titles in the near future. Besides selected vendors, any individual may register as a seller on Infibeam.com and list their book for sale in the used books category. Buyers in turn, are assured of best quality and competent prices.

The endeavor is a significant one as selling used books online meets the needs of booksellers and business readers who want to stay up-to-date on market changes, ideal sources and insider’s tips and strategies. The initiative will not only be useful for readers but also for public libraries, small business set-ups and most importantly the private enterprises and educational markets.

Infibeam.com is geared up for the new venture and is positive that the used book category will take readers and shoppers by storm. http://www.infibeam.com/Books/

Editor Notes

About Infibeam.com

Infibeam.com owns and operates an e-commerce retail portal www.infibeam.com as well as customized products portal www.picsquare.com. The company also provides e-commerce and interactive marketing services to brands, retailers and media companies in India and internationally.

The company’s technology services include e-commerce engine with a set of configurable features and functions that enables Web store functionality, such as product presentation, merchandising, shopping cart, and checkout. It also offers Web store management tools to manage the Web stores administration, product and catalog content, and reporting; Web infrastructure and managed hosting; order management and processing; and reporting and analytics services.

In addition, the company provides fulfillment services, customer care services, interactive marketing services, online advertising and design services. Infibeam.com was founded in 2007 and is headquartered in Ahmedabad, Gujarat.

Contact:
Infibeam.com
1004, 10th Floor, GNFC Info Tower,
S. G. Highway, Ahmedabad – 380054
Phone: +91-79-40260260

http://www.infibeam.com

pr@infibeam.net

PSI Certification,Pre-Shipment Inspection

India, June 18, 2010: Ravi energie, a leading company that provides international trade services, is authorized to provide Pre -Shipment Inspection (PSI) Certification, Chartered Engineer’s (CE) Certification, CE Mark, Energy Sector Certificates and other certifications. The company strictly follows quality checks before awarding these certificates and the certification is only given to those clients, who comply with all its certification norms.

Ravi Energie Group a USA based company & having branches in Canada, Europe, Australia and other Asian countries. “Ravi Energie Inc.” was established in USA in year 2003 & it was started in year 1976 as “Ravindra M Patel & Co.” in India in the industrial town of Baroda by Mr. Ravindra Patel. Company was providing consultancy services in the area of automation and project management which after increase in business, company registered as “Ravi Energie Pvt. Ltd.” in 1993. Since then, it has grown day by day.

Ravi Energie Pvt. Ltd. has also awarded by First Prize of National Awards for Excellence in Consultancy Services in year 1995, the award being given by CDC- Ministry of science & Technology, Government of India.

Ravi Energie is a mandated PSI Agency and a PSI Certificate from Ravi Energie is required for Customs Clearance in the “Member Countries”. Clean Report of Findings (CRF) is also issued by Ravi Energie Group after inspection, specifying that the goods have been inspected before shipment and the price of the goods exported has been verified and both of these conform to the documented specifications.

For more details, please visit our website:

http://www.ravienergie.com/pre-shipment-inspection.php

You can also contact us at

1 Teakwood Court, Warren, NJ 07059, USA

Tel: +91 265 222 6069 (India)

Tel: +1 908 531 8605(USA)

Fax: +1 908 502 0309 (USA).

For other enquiry and information you can write us at info@ravienergie.com

CoE will strive to promote excellence in IT for the Indian Logistics Industry

Mumbai, June 3, 2010: Kale Consultants Limited, a leading technology solutions provider to Airline, Airports, Logistics and Travel (AALT) industry, today announced the setting up of a Centre of Excellence (CoE) along with the Chartered Institute of Logistics and Transport (CILT-India), a leading global professional body associated with logistics and transport. The CoE is a joint initiative between Kale and CILT-India with specific focus on promoting excellence in establishing, nurturing and growing the use of IT in the Indian Logistics Industry.

The increasingly complex logistics business is setting the stage for innovative solutions through effective and efficient adoption and utilization of information technology. To encourage this paradigm shift, the CoE aims to create platforms for greater adoption of IT in Indian logistics industry by recognizing and rewarding innovation, developing intellectual property for dissemination to the industry, acting as a forum for all-round development of IT practices, and creating forums for discussion and debate on the IT practices within the industry.

Mr. Sanjiv Garg, Divisional Railway Manager, East Coast Railway & Secretary General, CILT-India said “We are pleased to be part of this initiative with Kale. I am sure the CoE will benefit the Indian Logistics and Transportation industry to promote excellence by acting as a forum for all-round development of IT practices.”

Mr. Sumeet Nadkar, Head-Logistics SBU, Kale Consultants Limited said, “CILT’s objective is to promote and encourage the art and science of logistics and transport, and our experience in the logistics industry has made a good fit to partner and set up the centre of excellence with CILT. The CoE will have active participation from the industry as well as academicians actively affiliated with the logistics industry.”

CoE will strive to promote excellence in IT for the Indian Logistics Industry and will undertake initiatives to promote knowledge and skill set for adoption of IT, enable joint research work with the academicia and provide IT consultancy for the SME players.

The CoE governing board consists of leading Indian Logistics industry professionals, including Mr. L R Sridhar, Managing Director, Sical Logistics Ltd., Mr. Snehal Parikh, Managing Director, Lemuir Group and Mr. Shantanu Bhadkamkar, Managing Director, A.T.C (Clearing and Shipping) Pvt. Ltd. amongst others.

About CILT:

The Chartered Institute of Logistics and Transport (CILT) is a world-wide organization with over 33,000 members working in over 100 countries and holds unparalleled professional international recognition. Founded in London in 1919 by the principal transport interests in the United Kingdom, CILT was set up to promote the study of the art and science of logistics and transport in all its modes such as road, rail, shipping, civil aviation and pipelines.

The India division of CILT has its headquarters at New Delhi. The National Chairman of CILT-India is Mr. K. C. Jena, FCILT, former Chairman, International Union of Railways (UIC), Paris, and former Chairman, Railway Board, Government of India.

Visit us at www.cilt-international.com

About Kale Consultants Limited:

Kale Consultants Limited is a leading solutions provider to the global Airline, Airports, Logistics and Travel (AALT) industry. Committed to innovation and excellence, Kale delivers world-class software products, technology, managed process, hosting and consulting services. Kale employs over 1600 talented professionals who focus on delivering quality service to over 120 satisfied customers across 30 countries.

Kale’s Industry Solutions are driven by active partnerships with industry bodies and customers, and unparalleled domain knowledge. Kale’s Customised Approach in deploying these solutions supports clients with best fit solutions to match to their requirements.

Visit us at www.kaleconsultants.com

Warm Regards

Dhanya Nambiar

Adfactors PR Pvt. Ltd.

Technology Communications Group
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India’s Best Daily Deals Site Masthideals.com Launched Today

India, May 3, 2010: Chennaimoms launches Intro to social shopping, Shopping is one activity which women from every walk of life are excited about.  Women like discussing about shopping, planning for shopping, the shopping experience itself and sharing their experience of shopping. More than men, women plan a lot about what they want to buy, where to buy and what will be the best price for that. It is not uncommon for women to go shopping as a group. The benefits include better ideas and suggestions and fun.

With more options available for the buyers, businesses are aggressively reaching out to large group of buyers like marketing to apartment associations, club members etc This increases the benefit of buying as a group which includes better pricing and good service.

Identifying the benefit of group buying, www.chennaimoms.com has launched www.masthideals.com , its social shopping platform.  MasthiDeals.com is a website which provides one deeply discounted deal from reputed businesses including restaurants, spa, beauty saloons, Adventure sports clubs, Dance studios etc.

MasthiDeals negotiates a great discount (many times more than 50% of the listed price) from businesses by assuring bulk sales. The vast audience of MasthiDeals ensures that the many people buy this offer thereby benefitting the buyer.

Ms Bhavani Raman, founder of www.masthideals.com says, “When more people join together, they use one another’s experience and knowledge in deciding the right product, the right place to buy and the best price to pay. For anybody, a discount of more than 50% from a good restaurant or beauty parlour is very appealing. For the businesses too, to work out a deep discount and reach high volume of users is very effective when compared to print media, radio or TV Ad”

Kumar, business owner says “For businesses like us who are small scale specialty products, TV or print media ads are very costly. Also there is no surety of returns. Whereas MasthiDeals does not charge any fixed fees but only a portion of the extra sales it makes. This exactly suits our business requirements.”

A mom says “We always find the best bargain when we are in high numbers. Now that MasthiDeals acts as the medium to generate bigger crowd, I am not surprised by the huge discounts given by businesses.  The huge discounts encourages us to try out different restaurants, spas etc for the first time. If we like the service and product we will keep going there”

Speaking about the safety of credit card payment on the website, Bhavani Raman assures that the website has used latest technology – anti hacking mechanism to ensure that it is 100% safe to pay using credit card, debit card, online transfer.

MathiDeals.com has a great growth potential as both the buyers and the businesses are happy about the concept and implementation. We wish them good luck.

For further information please visit www.masthideals.com

NOTICE

A Notice is hereby given that pursuant to Clause 41 of the Listing Agreement, a Meeting of the Board of Directors of the Company will be held on Friday, the 29th January 2010, to consider and take on record, inter-alia, the un-audited standalone and consolidated FinancialResults of the Company for the quarter ended December 31, 2009.

For Essar Shipping Ports & Logistics Limited
Manoj Contractor
Company Secretary