TM International Logistics Ltd (TMIL) proposes to set up a Rs 150-crore transloading facility in the Bay of Bengal to handle cargo from Capesize vessels. In this endeavour, TMIL has entered into an alliance with Coeclerici S.p.a. of Italy.

As per the agreement signed between TMIL and the Italian entity, the transloading facility would handle Capesize vessels for at least seven months a year at the Sandheads, the TMIL Managing Director, Mr S. C. Saxena said ......
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