Further, the company will also seek shareholders approval to raise US$ 70 million through various options including Global Depository Receipts (GDR) or / American Depository Receipts (ADR), QIP / QIB, FCCB.

BDP announced recently a joint venture with India’s Unique Global Logistics called BDP Global Logistics (India) in which BDP will hold a 65 per cent stake and Unique Global Logistics, 35 per cent.

While 2009 was a year of caution for most private equity investment firms, 2010 is looking optimistic especially for the logistics sector, which expects to seal many a deals this year.

Leading container-shipping lines have posted huge losses in 2009 as market contracted for the first time since containerization went global in the 1970s, while capacity grew as new ships, ordered during boom years, came into service.

Multi-modal logistics player Transport Corporation of India (TCI), with a presence in segments such as trucking, supply-chain solutions and Safe delivery warehousing, has benefited from a revival in demand from the key user-segments like automobiles and consumer durables over the past few months.

Blue Dart Express announced a phenomenal rise in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company rose 70.19% to Rs 211.20 million from Rs 124.10 million in the same quarter last year.

Aqua Logistics Ltd extended the offer period for its initial public offering (IPO) to 2 February and lowered the price band for the shares to Rs200-225, according to a statement on the National Stock Exchange.

Shreyas Shipping & Logistics Ltd has announced the financial results for the quarter ended on 31-December-2009. The Net Sales was at Rs.21.89 crores for quarter ended on 31-December-2009 against Rs.39.24 crores for the quarter ended on 31-December-2008.

Private equity firms are expected to steadily increase their investment in the U.S. logistics services industry from 2010 as the freight business shows signs of stabilizing and the industry prepares for a wave of consolidation.

Future Supply Chain Solutions, the logistic arm of Future group, plans to infuse RS 500 crore over the next two years in developing infrastructure and expanding its supply chain network. The investment would be funded partly through debt and partly through equity infusion from Hong Kong-based Fung captial, which holds 26 per cent in the logistic arms.