BSEEssex Marine LtdMediumPositive
Announced Tue, 24 Feb · 17:10 IST

Starting Company''s Own Cold Chain Logistics operations under the brand "DE SENS COLDSTORE"

Business Updates View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Essex Marine Ltd, a seafood processing and exporting company, announced the launch of its own integrated cold chain logistics operations under the brand 'DE SENS COLDSTORE'. The company had previously been running its cold storage facility on a rental basis using third-party logistics providers, and is now transitioning to a full end-to-end cold chain solutions platform covering storage, transportation, and distribution. As part of the initial phase, the company plans to lease four refrigerated vehicles and buy one 12-ton refrigerated truck, with more vehicles to be added over the next 4-6 months. The company also plans to expand operations to the North-Eastern region, starting with Siliguri followed by Guwahati. The company has engaged an experienced operations team from Logistore to support execution while retaining full ownership and control.

Likely market impact

This strategic shift from a passive rental model to an integrated logistics platform could improve margins and open a new revenue stream for the company, though execution and capex risks remain. The market may view this as a positive diversification move if the logistics business scales as planned.