Seaways plans freight station in Vizag

With the containerisation of cargo slowly increasing in the country, Seaways Shipping Limited, a leading stevedoring company, is planning to set up a container freight station in Visakhapatnam.

Seaways Shipping currently has branch offices at 25 centres in the country including all the major port cities.

"Maxicon Shipping Agencies Private Limited and Sea Master Shipping and Logistics Private Limited, the sister concerns of Seaways Shipping, are engaged in the container handling in Visakhapatnam for the past several years. Of the 41,000 TEUs (twentyfoot equivalent units) handled by the Visakhapatnam port up to the end of January in the current fiscal, close to 60 per cent of the container cargo was handled by Maxicon Shipping alone," V Jeevan Vikas, assistant general manager, Maxicon Shipping, told mediapersons here on Thursday.

"Both the companies, which achieved a turnover of Rs 25 crore last fiscal, expect their turnover to touch the Rs 30-crore mark," Vikas said.

Keeping this performance in mind, Seaways Shipping is planning to set up a container freight station in Vizag. To increase the container business further, the company has also promoted Capt K Vijay Gopal as chief executive officer for Maxicon and Sea Master, he added.