Sical Logistics said that it signed an agreement with Japanese Mitsui O.S.K Lines (MOL) to form a joint venture company . The company said that it will hold 45% and MOL will hold 55% equity and will operate the automotives management yard at Ennore Port near Chennai. Operations are scheduled to commence in the fiscal 2010-11.
The proposed joint venture will combine the expertise of MOL in global automotives transportation and yard management with Sical competencies in multimodal integrated logistics and terminal operations.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.