Release Date: 27 October 2008
Release ID: 1535
Gati Ltd, leader in express cargo delivery and a pioneer in distribution and supply chain management solutions in India has bought MV Gati Majestic , a 10736 DWT Containerized vessel with a carrying capacity of 844 Teu’s. . The new vessel was acquired for $ 17 Million.
The new vessel will be operational by Mid - Oct and would be running between Chennai, Portblair & Yangon and providing connectivity to Ranong,Penang and Chittagong using Portblair as a Transhipment Hub. This makes Gati the first to start a direct liner service between Myanmar and India.
Gati Coast to Coast, the shipping division of Gati Ltd, has been serving Andaman & Nicobar islands for last two decades and in 2005 it expanded its services to Yangon, Myanmar. Offlate Gati CTC also started first ever direct container service between Ranong Port, Thailand, providing connectivity to India, Colombo, Dubai, Karachi & Yangon.
Gati Coast to Coast already owns and manages four vessels : M.V. Gati-1, M.V.Gati Suvidha , M.V.Gati Zipp, M.V.Gati Prestige and has added MV Gati Majestic to its fleet. Gati looks forward to M.V.Gati Pride, DWT 7288 MT a new construction with a capacity of 442 Teu which will be delivered by October end.
“Gati will consistently explore new avenues to enhance service levels and deliver premium and quality service to the customers.” added Mr .T Kumaran, Chief, Coast to Coast, Gati Limited.
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