Allcargo Logistics has reportedly exited the ship-owning and coastal shipping business by selling the last vessel in a fleet of five ships. The growth in coastal bulk shipping has remained slow. Consequently, the segment did not contribute significantly in line with company’s outlook through the last seven years.
Allcargo Logistics is an India-based holding Company. The company is engaged in providing integrated logistics solutions. It offers logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations etc.