April 19 , 2017
Allcargo wins the Times Cricket Shield competition for the 'E' division
The Allcargo-Avvashya group won the Times Cricket Shield final held for the ‘E’ division on March 04, 2017 by defeating Ocian’s cricket club in the final played at the Wankhede Stadium. The Times Cricket Shield is a prestigious inter-corporate cricket competition held in Mumbai city since 1930. Having ended the 87th edition of the tournament, it has been nurturing talented cricketers over the years.
Batting first, Osian’s scored 204 in 45 overs with notable contributions from Megh Adhvaryu and Anurag Yadav. Aniket Yame took 3 wickets for the Allcargo-Avvashya side. In reply, the Allcargo team managed to overhaul the target in 32.3 overs thanks to a brilliant 114 by Deepak Bhogle. He was ably supported by Vishwas Shinde with a half-century.
The entire Allcargo unit is thrilled at this achievement by their cricket team and congratulate them for their sterling performance. It is a magnificent achievement by the team ably led by Amish Dabholkar. We look forward to more such victories in the future.
Osian’s Cricket Club 204 in 45 overs (Megh Adhvaryu 41, Anurag Yadav 37, Aditya Singh 34, Aniket Yame 3/34) lost to Allcargo-Avvashya Group S.C. 208/2 in 32.3 overs (Deepak Bhogle 114 (87b, 4x17, 6x1), Vishwas Shinde 73* (81b, 4x8) by 8 wkts.
Allcargo Logistics’ Mundra CFS completes 10 years
Allcargo Logistics Ltd, India’s leading integrated logistics provider today announced that its Mundra Container freight Station (CFS) has completed 10 glorious years. Allcargo celebrated this important milestone with great fanfare at Hotel Radisson in Mundra. The event marked the presence of over 300 people including customers, freight forwarders, key officials and personnel from Allcargo.
What initially started with a modest 9 acres land and one warehouse has today been expanded to approximately 16 acres with two warehouses in operation. This, coupled with an enhanced portfolio of service offerings over the years has enabled Allcargo to offer reliable and robust solutions to customers. Since its inception the volumes of trade handled at the Mundra CFS have increased by over 600%.
The CFS operates with the support of the locals around the facility. The officials at Mundra have also worked untiringly to develop the community around the CFS in order to do its bit for the community. They have contributed by way of Ro plant installations in government high schools, education workshops on personal health and hygiene, emphasis on neo-natal care, importance of vaccination, distribution of toys and clothes to the locals etc.
Commenting on the occasion of Mundra CFS’ 10th Anniversary, Mr. Adarsh Hegde, Joint Managing Director, Allcargo Logistics Ltd said: “With the growing volume of international trade CFSs play a vital role in import & export of cargo movement. We chose to earmark our decade of excellence with our customers and employees who have helped us make this possible. We are extremely proud to be a catalyst in India’s trade movements for the last ten years and will continue to support logistical requirements in the future as well”.
About Allcargo Logistics Ltd:
Allcargo Logistics Ltd., part of The Avvashya Group, is the leading integrated logistics solutions provider in India. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations, Coastal Shipping services and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operational excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as one of the market leaders in all these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
January 05 , 2017
Allcargo Logistics partners with Sadhguru’s Isha Foundation for ‘Make a Life’ Golf Jaunt
Allcargo Logistics partnered with Isha Golf Jaunt for the third consecutive year to raise the level of education among rural children and raise funds to support schools in India
Mumbai, 20 December, 2016: Allcargo Logistics Ltd, India’s leading integrated logistics provider, as part of its CSR initiative partnered with Isha Vidya Foundation to organize a Golf Jaunt at the Willingdon Club, Mumbai.
Isha Foundation’s, “Make a Life” golf jaunt has been conceived and designed to support Isha Vidhya, an initiative promoted by Sadhguru Jaggi Vasudev, which is committed to raise the level of education and literacy among rural children and raise funds to support schools in India. Allcargo’s Avashya Foundation has education as one of its primary focus areas and is proud to be associated with the initiative for the third consecutive year.
Along with Dr. Shashi Kiran Shetty (Chairman, Allcargo Logistics), Shri Sadhguru and some of the leading corporate avid golfers like Kapil Raina, Simi Mehra (among best women’s golf player) and Pronip Borthakur teed off together at the jaunt.
Vaishnavi Sinha, Simi Mehra, Meher Atwal and Nikki Ponappa who are among the top 10 women golfers were present on the occasion to back the tournament and interact with the players. The tournament housed corporate golfers from the senior leadership team and many illustrious people from the business world in India and abroad as the participants.
As a part of Isha Foundation’s social outreach programs, Isha Vidhya rural schools have been started in villages (under the umbrella of Isha Education, established in 2005) to provide high quality school education to underprivileged rural children who cannot otherwise access or afford it. In 2012, Isha Vidhya began to carry out critical interventions to improve the quality of education in rural Government schools.
Commenting on the occasion Dr. Shashi Kiran Shetty Chairman of Allcargo Logistics Ltd said: “It is a delight to be a part of such a noble initiative by Isha Foundation. I would like to thank Shri Sadhguru Vasudev for inspiring and motivating each one of us and doing this great work for children. At our NGO arm, Avashya Foundation we have also been touching millions of lives through education, skilling initiatives and care for the environment. It is through education one is able to articulate better to lead the society towards the path of progress. At Allcargo Logistics we strongly believe in this philosophy and constantly work to achieve goals that make better future.”
About Allcargo Logistics Ltd:
Allcargo Logistics Ltd. Is a leading integrated logistics solutions provider in India. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations, Coastal Shipping services and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operational excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
About Avashya Foundation:
October 01 , 2016
Allcargo Logistics and ECU Worldwide sponsors IAPGA Tour of USA, 2016
Aimed at enhancing golfing culture in India and to encourage young talent on international platform
Mumbai, 29th September, 2016: Allcargo Logistics, India’s leading integrated logistics player along with its global subsidiary ECU Worldwide in association with the Indo American Professional Golf Association (IAPGA) teed off IAPGA Golf Tour 2016 in U.S.A in September, 2016.
ECU Worldwide and Allcargo extended support as lead sponsors to this event with an aim to provide a platform to promising golfers who can showcase and hone their golfing skills across various cities of U.S.A.
IAPGA is an acclaimed organisation that supports golf tournament with an aim to raise funds to enable Indian professionals to participate in the US PGA Tour Qualifying School every year. The tournament enhances golfing culture in India and encourages young talent.
The tournament was housed with an impressive participation from golfers belonging to the Indian diaspora in U.S.A. The tour drew participation from 350 professional and amateur golfers. Professional golfers like Amardip Singh Malik, Abhijit Singh Chadha, Deepinder Singh Kullar and Mandeo Singh Pathania also participated. Some of the most esteemed customers of ECU Worldwide also participated and played golf at the events held in Los Angeles, Houston and New York.
Dr. Shashi Kiran Shetty, Chairman of Allcargo Logistics Limited was present at the event held at New York on 8th September, 2016 where he played and interacted with the other participants/golfers.
Commenting on the occassion, Dr. Shashi Kiran Shetty said: “I feel extremely happy to support this initiative which aims to encourage young and talented golfers to showcase their talent at international platforms. It was an unforgettable experience for me to play with these golfers and interact with them in New York. We have always created benchmarks and have believed in doing things which make a difference to the society and people’s lives. I want to extend my heartiest congratulations to IAPGA for envisioning and encouraging this emerging sport in India at an international level and making it successful.”
Allcargo Logistics Ltd., part of The Avvashya Group, is the leading integrated logistics solutions provider in India. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations, Coastal Shipping services with 5 owned and operated ships and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
For further information, please contact:
firstname.lastname@example.org | +91 9619105533
July 14 , 2016
Avashya Foundation undertakes a Tree Plantation drive in Karnataka
Avashya Foundation undertakes a Tree Plantation drive in Karnataka
Mumbai, July 11, 2016: Allcargo Logistics, India’s leading integrated logistics provider, through its NGO Avashya Foundation in association with Grow-Trees.com, the exclusive Indian Planting Partner for United Nation’s Environment Program (UNEP) has undertaken a noble cause of tree plantation at Chintamani, Karnataka. Under this activity Grow-Trees.com will plant 2857 trees in Chintamani area on behalf of ECU Worldwide – Allcargo’s international subsidiary that was recently re-branded.
This initiative also forms a part of project Maitree, Avashya Foundation’s unique environment sustainability and conservation program launched in January 2016.
This activity will benefit nearly 40 villages in and around Chintamani, Karnataka, since trees are not just a life support but also a livelihood for many families.
In 2015, Avashya Foundation has planted over 103000 trees as a part of environmental sustainability program. By planting and nurturing trees Avashya foundation aims to provide opportunities for villagers to earn additional income.
Commenting on the tree plantation drive, Ms. Arathi Shetty – Director of Allcargo and Avashya Foundation said: “We, believe in protecting the environment and work for the upliftment of the rural communities. To achieve this, we are proud to associate with Grow-Trees for a tree plantation drive. These initiatives go beyond philanthropy; discovering ingenious ways to give back to the society that make the world a better place to live and to focus on bringing inclusive development which contribute towards the realization of our social duties.”
Allcargo Logistics Ltd., is a global leader in integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
Under the Avashya Foundation an NGO of the Avvashya Group, Allcargo also supports numerous Corporate Social Responsibility (CSR) initiatives, focusing on Natural Disaster Relief, Health Care, Education, Women Empowerment, Sports and Environmental Sustainability.
July 08 , 2016
Allcargo Logistics announces the appointment of Adarsh Hegde as the Joint Managing Director
Mumbai, June 30, 2016: Allcargo Logistics Ltd, India’s leading integrated logistics provider and a part of the Avvashya group, today announced that Mr. Adarsh Hegde has been elevated as the Joint Managing Director with effect from 1st July, 2016.
Mr. Hegde has been with the company since its inception in 1993 and has played a pivotal role in Allcargo's growth story. His astute business sense and innovative methods have been instrumental in generating exponential growth opportunities for the Container Freight Station as well as to other businesses in India and internationally.
Commenting on the appointment Mr. Shashi Kiran Shetty, Founder & Chairman, Allcargo Logistics Ltd said: “Adarsh’s aptitude and contributions have been invaluable to the Allcargo growth journey. Adarsh espouses a hands-on management style and is greatly respected for his people management skills, simplicity and industry wide relationships. We are sure that in the new role he will work with me more than ever before in the future growth of our business. We wish him well in his new position and success in his new role.”
As the Joint Managing Director at AllCargo Logistics, Mr. Hegde will oversee the business of CFS&ICD, Project Forwarding & Engineering solutions, E-Commerce Logistics, coastal Shipping, and Contract Logistics. In these areas, he will be responsible for crafting business strategy, developing strong leadership team and supporting initiatives to accelerate profitable growth. In addition, Mr. Hegde will continue to play a key role in overall group governance and business development.
July 05 , 2016
Allcargo Logistics’ NVOCC division introduces direct Less Than Container Load (LCL) service to Mangalore
July 04 , 2016
Allcargo Logistics sponsors ET SCM summit
Mumbai, June 27, 2016: Allcargo Logistics Ltd, India’s leading integrated logistics provider and a part of the Avvashya group, is proud to associate with the unique initiative of ET Edge, The Economic Times Supply Chain Management & Logistics Summit 2016 (ET SCM) by sponsoring the prestigious event for the third consecutive year. The Summit was held on Friday, 24th June 2016 at The Leela, Mumbai.
The programme brought the who’s who of the corporate world together from various industries to deliberate & discuss on the current challenges and future of supply chain in India. The summit progressed through a series of panel discussions, conferences & interactions on topics pertaining to the supply chain in India. Allcargo Logistics Founder and Chairman, Shashi Kiran Shetty was one of the panelists for the discussion on ‘Developing an Integrated Supply Chain: Agile and Future ready’.
Mr. Shashi Kiran Shetty, Founder & Chairman of Allcargo Logistics Ltd said: “It is a privilege to be a part of such a great initiative launched by ET Edge. The summit brought together industry tycoons and government experts on one platform which provided a platform to partner and explore various business opportunities. We are delighted to partner with the ET SCM as it gives an opportunity and vision to next level of growth that India is witnessing.
We at Allcargo, understand the importance of efficient supply chain and hence we ensure that our customers experience efficient supply chain management services with the promise of on-time delivery.” added Mr. Shetty
Allcargo’s supply chain management systems are capable of constantly evolving, adapting and aligning towards customer’s business goals. Allcargo’s warehouses are equipped with State-of-the-art facility design, best-in-class equipment, strong IT infrastructure, supply chain business process integration; temperature managed warehousing, strict safety and environment regulations, etc.
June 30 , 2016
Allcargo’s global business is now ‘ECU Worldwide’
June 25 , 2016
Allcargo Logistics Ltd. announces its audited financial results for the quarter and year ended March 31, 2016.
KEY BUSINESSES DEMONSTRATE STRONG PROFITABLE GROWTH
IN THE FULL YEAR
CONSOLIDATED REVENUE FROM OPERATIONS AT RS 5,688 CRORE
GROSS PROFIT AT RS 1,876 CRORE – YOY INCREASE OF 11%
CONSOLIDATED NORMALIZED EBITDA (ADJUSTING FOR ONE TIME EXPENSES)
MAINTAINED AT RS 536 CRORE – YOY INCREASE OF 13%
NORMALIZED EBITDA MARGIN AT 9.4% - YOY INCREASE OF OVER 95 BPS
FOCUS ON CONSERVATIVE CAPITAL STRUCTURE – YOY INCREASE OF
16% IN NETWORTH; 36% DECLINE IN NET DEBT
BOARD APPROVES THE ACQUISITION OF CONTROLLING STAKE (61.13%) IN AVVASHYA CCI LOGISTICS PVT LTD (ACCI), JOINTLY WITH HCL 100% SUBSIDIARY OF THE COMPANY – ACCI IS ONE OF THE MARKET LEADERS IN CONTRACT LOGISITICS
May 20, 2016, Mumbai: Allcargo Logistics Ltd. today announced its audited financial results for the quarter and year ended March 31, 2016.
The performance highlights are:
Consolidated Results – Q4 FY16
Consolidated Results –FY16
Resources and Liquidity:
As on March 31, 2016, the Networth increased by 16% to Rs. 2,206 crore and the Net Debt decreased by 36% to Rs. 269 crore.
The net debt to equity ratio of the Company declined to 0.12 as on March 31, 2016, as compared to 0.22 as on March 31, 2015.
Allcargo operates primarily in three segments, viz., Multimodal Transport Operations, Container Freight Stations Operations and Project & Engineering Solutions. These are consolidated business segments.
Multimodal Transport Operations (MTO):
Container Freight Stations (CFS) / Inland Container Depot (ICD) Operations:
Project & Engineering Solutions (P&E):
Recent Developments – Q4 FY16
Stock Market Highlights – General Information and Shareholding Pattern as on March 31, 2016:
BSE: ALLCARGO / NSE: ALLCARGO
No. of Shares Outstanding
Closing Market Price (Rs.)1
Market Capitalization (Rs. Crore)1
1BSE stock exchange as on May 20, 2016, market capitalization adjusted for bonus shares
No of shares
Foreign Investors – FIIs, FCs, NRIs and others
Domestic institutions/ Banks/ Mutual Funds
Total - 20,819 shareholders
About Allcargo Logistics Limited
Allcargo Logistics Ltd., part of The Avvashya Group, is a global leader in integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.
The company currently operates out of 300 plus offices in 164 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).
Caution Concerning Forward-Looking Statements: This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. Allcargo Logistics Limited is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Savli Mangle, Vice President – IR
Allcargo Logistics Ltd
Sharad Jain, Senior Analyst – IR
ALLCARGO LOGISTICS LIMITED
Avvashya House, CST Road, Kalina, Santacruz (E), Mumbai – 400 098, India
Tele: +91 22 6679 8100 Fax: +91 22 6679 8195 Website: http://www.allcargologistics.com/
ECU Worldwide Corporate Profile
Allcargo Corporate Brochure
ECU Worldwide Brochure
ECU Worldwide Logo
Allcargo Logistics Logo
June 03 , 2017
“Sagarmala can bring down logistics costs”
Prakash Tulsiani, Executive Director & COO, Allcargo Logistics Ltd, says that the smooth rollout, implementation and execution (with minimal or no business interruption) will be the deciding factor for the success of GST.
How much of an impact do you think the rollout of the Goods and Services Tax (GST) will have on the sector as a whole?
Our country currently spends around 14 per cent of its GDP on logistics compared with developed countries where this percentage is around 8-9 per cent. Implementation of GST will create a single window clearance and uniform tax structure across the country, thereby creating a common ground without differentiating (between) interstate and intrastate sales. GST implementation will compel manufacturing and retail companies to restructure their warehousing policies. As such a move will be very capital intensive, companies will the same to professional and experienced logistics solution though we have 2.6 million sq ft of warehouses across 20 locations in India, we continue to identify suitable locations to increase our footprint. From the preparedness point of view, we continue to monitor policy announcements which may have business implications of GST implementation. With the GST Council the GST rate structure, internally we have started prepping with the possible revised tax and accounting system. The smooth rollout, implementation and execution with minimal or no business interruption will be the deciding factor for the success of GST, one of the radical reforms productively.
How is the government giving a thrust to the shipping & logistics sector?
The Union Budget of 2017-18 has laid a 25 per cent increase in allocations for infrastructure over last year. There has also been a renewed focus on transportation, development of port infrastructure and its automation. Rather than lead to reduction in delays, improve cost- heightened pace of road construction would lead to connectivity to major production and consumption centers, thereby aiding business and the sector. The dedicated rail freight corridor and implementation of GST will help improved customer experience. project are set to play a shipping. For the project to realise its full potential, there is a need for development of industries in and around ports which will ensure there is cargo movement both ways. The the government and other infrastructure-led are a positive reinforcement in this direction.
Around 15 per cent of a product’s landed cost is made up by logistics. Will this scenario ever change?
Our country is moving at a good pace in dedicated rail freight corridors (DRFC), and development of roads and coastal routes in addition to implementation of GST, which will translate to bringing down the overall logistics costs in India and (bring them) closer to costs prevailing in developed/fast-developing economies.
What is your assessment on the Indian Railways’ efforts for seamless connectivity of shipments, or will the roads sector continue to account for the maximum movement?
The government has had a renewed focus on the issue of connectivity through railways — if one is to go by the recent announcements. With 21 port-rail connectivity projects under the Sagarmala programme, the rail ministry will invest close to Rs 20,000 crore to develop and improve the railways for better connectivity of shipments. This in turn would be complemented by the Bharatmala project which aims to improve port connectivity in the country by improving the connectivity of national highways to coastal and border areas. One of the major hindrances to move cargo by rail is the high cost, as compared to road and coastal movement. Hence, the popularity of movement through roads. The testimony to the fact that seamless connectivity through railways is on the cards.
Has the government done enough to address the road safety situation?
Road safety has been one of the major areas rule out corruption. The new Motor Vehicles (Amendment) Bill 2016, once passed into law, other safety violations. The law would also de-of continuous driving, besides increasing awareness amongst the corporates to hire and train them with improved standards of living. permit raj in the road sector. Online vehicle registration, Aadhaar-based licensing and a national vehicle registry are prominent (moves) to reduce the discretionary powers of the state and curb rampant corruption.
Lack of adequate draught and absence of portside connectivity have been the two major challenges impacting port-led development. Can these obstacles be overcome?
Deep draught ports are the need of the day, especially with increased vessel sizes and increased Indian trade volumes. We are seeing port — JNPT — has in the last 18 months increase the draught. Port-side connectivity is also being addressed with rail and road connectivity better inland transportation. been initiated.
How can schemes like Sagarmala bring down the logistics cost in the country?
A study released by the Ministry of Shipping estimates that the Sagarmala project can save up to Rs 40,000 crore per year on of cargo using the coastal shipping line — rail transport. Sagarmala aims to leverage to drive industrial development, thereby reducing the load factor of goods transported through roads.
February 16 , 2017
Mumbai Headquarter Running for a cause!
Mumbai Marathon 2017 was held on 15th of January 2017. This is a unique sports event of Avvashya Group which not only supports social causes that it strongly believes in but also involve employees through employee engagement programme. The run was to support Alert India, Light of Life Trust and Save the Children India NGO’s.
A delegation of 75 employees represented the Avvashya Group. 48 employees ran the dream run category, 25 employees ran the Half Marathon and 2 employees ran the Full Marathon.
The runners were faliciated with medals from Dr. Shashi Kiran Shetty & Ms. Aarti Shetty at the Mumbai Headquarters.
We really thank each and every participant who volunteered for running and consequently supporting social cause.
We look forward for more enthusiast next year!
December 05 , 2016
Allcargo a part of World Economic Forum Global Competitiveness Report 16-17
World Economic Forum has identified Allcargo Logistics as one of the 26 Indian companies in its Global Competitiveness Report 2016-17.
India’s competitiveness has improved as the country rose to the 39th rank from last year’s 55th rank, among 138 countries.
Allcargo has been named with the likes of Ola cabs, Apollo Hospitals, Dabur India, Forbes Marshall, Parle Agro, Paytm, WNS and many more.
These companies have been pivotal in catapulting India’s ranking.
This is a rare moment of recognition.
Read full article here
November 09 , 2016
Containerisation International features Allcargo’s future plans
Allcargo Chairman seeks to keep the momentum going.
It is another tough year for the container shipping industry and businesses affiliated with it, but Allcargo Logistics seems to be rising above the doom and gloom.
Downoad the complete PDF of this article here - Containerisation International
Asia Maritime speaks to Dr. Shashi Kiran Shetty about the transition of ECU-Line to ECU Worldwide
Founded in Belgium in 1987, ECU Worldwide (erstwhile ECU-LINE) the company was eventually acquired by Allcargo Logistics in 2006. Some seven years later Allcargo Logistics went on to take over Econocaribe a leading LCL consolidator in the US. Through these acquisitions strengthened the company’s operations across the globe. In its latest move Allcargo Logistics has rebranded its global subsidiaries, ECU-LINE, Econocaribe and China consolidators to ECU Worldwide with the tagline “Geography Simplified.”
Download the complete PDF of this article here - Asia Maritime
American Shipper features Allcargo’s growth as a dominant ocean freight consolidator
The idea that the home of the world's biggest neutral non-vessel-operating common carrier is found in India is still surprising a decade after Mumbai-based allcargo logistics acquired ECU-Line, now ECU Worldwide.
Download the complete PDF of this article here - American Shipper
October 21 , 2016
Allcargo Logistics felicitated at Lloyd's List Asia Awards, 2016
Lloyd’s List Asia Awards, 2016, one of the most coveted awards in the Asian shipping and logistics industry felicitated Allcargo Logistics with the ‘Logistics Award’ at the awards ceremony held on 20th October, 2016 at Shangri-La Hotel, Singapore.
The Lloyd’s List Award series recognises the industry’s successes, setting a benchmark for excellence while rewarding innovative ideas and concepts that have pushed the boundaries of what is possible. Lloyds List Asia, which is a part of Maritime Intelligence, recognises best of logistics professionals and companies in Asia.
Allcargo was adjudged as a winner by a jury of global industry leaders for its excellent end to end logistics services and its dedicated focus on using local talent to find results in a challenging market. The North East Agra project, a first of its kind power project undertaken by Projects and Engineering Solutions Team was submitted as a nomination to substantiate Allcargo’s capability of delivering maverick projects efficiently.
Besides, the 2016 Asia awards’ judges have considered the difficult market conditions faced by the industry globally, which has made this achievement for Allcargo all the more noteworthy.
The award was collected by our representatives from the Singapore office.
October 06 , 2016
Allcargo Logistics felicitated at MALA, 2016
Shipping & Logistics industry’s largest awards ceremony, Maritime And Logistics Awards, 2016 was held on 28th September, 2016 at St. Regis Hotel, Mumbai. Over 500 representatives from Shipping Lines, Logistics Service Providers, Transporters, CHAs, Industry Associations, Ports, as well executive management of private sector companies, got together, to felicitate and recognize the achievements of organisations through the year.
Leading organisations were awarded across varied categories for their performance in the logistics space. As one of the Guests of Honour, Mr. Adarsh Hegde, Joint Managing Director, Allcargo Logistics addressed the gathering and appealed to the industry to work together to overcome the difficulties that it is currently facing.
Mr. Hegde, also introduced ‘Nipun’, Avashya Foundation’s noble initiative of imparting skills to the youth belonging to the lower strata of the society and help them build careers, leading to financial stability. This was followed by a short AV of Nipun. Mr. Hegde, latter also said that it is essential for organizations to focus on skill development and invited on stage Dr. Nilratan Shende, DGM – CSR, Allcargo Logistics and one of the beneficiaries of Nipun, Mr. Akash. While Mr. Shende imparted the message of importance of organizations being socially responsible, Mr. Akash explained how his life changed for better after being trained at Nipun and expressed his gratitude for helping him build a better career.
At the felicitation ceremony, Allcargo was conferred with two awards for outstanding business performance. Below are the awards we have received.
Mr. Adarsh Hegde was felicitated as ‘Dynamic Logistics Professional of the Year’, for his contribution towards the industry.
October 04 , 2016
Logistics will play a key role in Make in India
The logistics sector has benefited immensely from the emergence of organised retail, increase in foreign trade, and the Make in India campaign that is aimed at turning the country into a manufacturing hub. Shashi Kiran Shetty, founder & chairman of Allcargo Logistics Ltd tells Ateeq Shaikh that the growth in online shopping, which has so far helped logistics, is set to accelerate in the coming years and will put significant pressure on the sector. This will mean significant investment in technology, quality of people, delivery network to manage small infrastructure, says Shetty. He also discusses the challenges faced by logistics companies due to lack of proper infrastructure, which increases the logistics cost in the country to around 10-15% as compared to 3-4% for other countries. But Shetty believes that India still has a big opportunity. The implementation of GST will open up a plethora of opportunities for the logistics players and make inland transport more cost effective.
Q) What are the strengths and weaknesses of third party logistics (3PL)?
A. To list out, strengths are the improving end-consumer services provided. Secondly, third party logistics immensely helps companies in reducing their capital investment and among the last points, it improves the overall efficiency. The disadvantages are the need to share confidential information with the 3PL service provider and difficult to establish a cost-effective partnership.
Q) With e-commerce sector mushrooming, how has the logistics changed in the country and how much has it has contributed to the overall industry growth? How do you see the sector evolving in the coming years?
A. India's e-commerce market is likely to touch $38-billion mark in 2016, a massive jump over the $23 billion revenues clocked by the industry in 2015. E-commerce will contribute to 70% of their total revenue. Online shopping is picking up fast in all the major cities. With increasing penetration of the Internet and mobile commerce, online shopping is expected to penetrate into tier 2 and tier 3 markets. This growing demand will put significant pressure on logistics - to ensure that the right product is delivered in the shortest time at the lowest possible cost. This will mean significant investment in technology, quality of people, delivery network to manage small infrastructure (good quality warehouses). Logistics companies need to create operating models, infrastructure which can scale up during seasons and scale down during non-seasons.
Q) In India, the overall logistics costs remain high as compared to global standards. What are the reasons? How can the costs be reduced? What measures are needed from the industry players as well as from the government?
A. As a country, we are facing trade deficit as China is our largest trading partner and their economy is not doing well. India has been facing its ripple effects. But, we are bracing up and are well placed to meet domestic demands as well as demand from the other countries. In fact, logistics will play an important role in Make in India. India's poor infrastructure has been a challenge. But the new government is addressing it with new initiatives. The results will take some time to show. GST will also help as stoppage and fuel consumption should help in removing bottlenecks.
Q) Despite various initiatives like Make In India, law reforms, ease of doing business, developing waterways, dedicated freight corridor, etc, the manufacturing sector is still struggling. How has it impacted the logistics industry?
A. The Indian logistics sector has benefited immensely from the emergence of organised retail, increase in foreign trade and India becoming the manufacturing hub. However, it continues to face challenges due to lack of proper infrastructure which is one of the major deterrents to its growth. The infrastructural bottlenecks increase the logistics cost of the country to around 10-15% compared to other countries where it is only 3-4%. Besides, the lack of trained human resources is another challenge for the sector. Saying that, with the current impetus of the government, we believe that India still has a big opportunity compared to other countries.
Q) How will Goods & Services Tax change the dynamics of the logistics industry?
A. At the moment, a majority of India's logistics challenges are related to wastage of time, fuel and investments due to multi-level taxation, regulations, policies and approval mechanism between different states. Today, from a business perspective, each state is a different country when it comes to moving EXIM (export/import) cargo or any other product within India. The implementation of GST will not only bring efficiencies across all the businesses but will also open up a plethora of opportunities for logistics players like us. For logistics players like us, the introduction of GST would allow us to aggregate state-based warehouses into large, regional warehouses that offer cost and operational efficiencies in big markets. As logistical inefficiencies and primary transport costs reduce, the hub and spoke model will proliferate, improving service levels. This will make inland transport more cost effective. GST is expected to facilitate removal of check posts at state borders, which will cut travel time and aid faster road freight.
Q) What kind of growth is anticipated with the implementation of GST?
A. The key verticals benefiting from GST would be our vertical of contract logistics and logistics park that is Avvashya CCI and our logistics park project at Jhajjar. With the GST becoming reality, we expect to substantially improve the efficiencies in our contract logistics business segment and transportation & equipment business in terms of transportation turnaround time, lesser number of check post and operational expenses rationalisation, fewer number of warehouses by the companies, keeping in mind purely the commercial thing rather than the taxes of the different states.
Q) With the changing scenario in the logistics sector in India, what will be the share for logistics for each mode of transport - road, rail, air, and inland waterways by 2020?
A. Many research reports claim numbers. Given the current fragmented state of logistics, it is difficult to comment on the exact percentage. However, with the government announcing various initiatives in almost every sector, we are confident that each of the segments will witness significant growth opportunities in the coming years.
September 09 , 2016
The Funtainer begins its journey from Mumbai
A container customized to accommodate a bar, DJ console and lights, signifies that we at Allcargo and ECU Worldwide have lots of fun in what we do and love to share the fun with our customers. The Funtainer took months to get its shape. It will set out on a journey across the world, to visit major ports in major cities across US, Europe, Americas, Australia, Africa and Asia to connect us with our customers in these regions.
Funtainer’s next destination in Fremantle, Australia. Our mascot Captain Funtastic will soon begin his journey to bring Funtainer to connect with each one of you, our business associates and customers for a grand party.
The fun-filled Funtainer unveiling event opened with thrilling aerial acts. The event saw 400+ customers of Allcargo and ECU Worldwide participate and network with each other.
Dr. Shashi Kiran Shetty, our Chairman, welcomed the guests with a warm speech and set the stage open for vibrant performances. Amidst the 3D mapping, the Funtainer, was thrown open for people to enter it and click selfies.
The Funtainer was prepared at our CFS near JNPT. What first looked like a normal 20’ container, was transformed into this cool container with elements of entertainment. Thus the name Funtainer. Our guests were treated to scrumptious food and drinks while a band performed and engaged with them. We have also partnered with Grow Tress to plant trees in the name of every guest as a return gift. Token certificates of this initiative were given away to all the guests who participated in the Funtainer launch event.
Bringing you some glimpses from the event as it progressed.
Captain Funtastic will soon set out with the Funtainer for Fremantle, Australia.
6th Floor, Avvashya House,
CST Road, Santacruz (E),
Mumbai - 400098