GAC invests in India project cargo growth

MUMBAI: March 2019. GAC has responded to the growing project logistics and breakbulk market in India with the appointment of industry veteran Jayakumar Gopalakrishnan as its general manager Projects & Breakbulk based in Mumbai.

“The country’s burgeoning energy and infrastructure sectors have contributed to an increasing demand for project and oversized cargo handling, as well as breakbulk shipping,” commented GAC managing director Mark Delaney. “Its potential is further bolstered by the significant investments made by India in Africa and the Middle East in the recent decades. With project cargo demand estimated to rise at a 17 percent compound annual growth, project logistics is huge business.”

Gopalakrishnan has over 33 years’ experience in project logistics and breakbulk, as well as in the manufacturing and pharmaceutical sectors: “Since the launch of ‘Make in India’, we have seen a significant increase in the project logistics business with the movement of construction equipment and manufacturing materials, among other over-dimensional cargo,” he said. “End-to-end project cargo handling is a complex and challenging activity that requires careful planning, specialised equipment, special permits from different authorities and often, multiple modes of transport. Our strong projects team has the expertise and resources to offer a total logistics solution.”

GAC Shipping (India) operates 26 offices nationwide and has handled various project and breakbulk cargo including tunnel boring machines, pipes and anchor chains.

Separately, India’s Office of the Additional Commissioner of Customs has named GAC the ‘Top Steamer Agent’ at the Krishnapatnam Port for the financial year 2018-2019. From April 2018 to January this year, the number of port and coastal calls handled by GAC India increased 82 percent and 3,000 percent respectively year-on-year.

The award was received from Sri S Faheem Ahmed, Principal Commissioner, Customs Commissionerate by GAC Krishnapatnam’s Assistant manager, Shipping Services, Nagaraja Sekhar (left of picture) who commented: “The demand for agency services has increased as a result of the growth in transshipment volumes and the demand for coal. We act as port agents for an increasing number of coastal vessels carrying thermal coal to Krishnapatnam.”