Shreyas Shipping and Logistics, the Indian ship owning arm of the Dubai headquartered global conglomerate Transworld Group and Yokohama based Suzue Corporation of Japan have signed a Memorandum of Understanding (MoU) for the formation of a Joint Venture Company (JVC) for exploring business opportunities in the logistics space within Indian Sub-continent and Japan.
Under the agreement, both the entities will develop a Joint Venture unit which will capitalise on the possibilities in international freight forwarding, customs clearance service, warehousing services, land transport services and other related logistic services with additional focus on land bank development for commercial purposes in Indian Sub-continent and Japan.
The geographies covered by the agreement initially include Indian Sub-continent and Japan, with the possibility of extending to South East Asian nations.
Shreyas Shipping & Logistics, a Transworld Group of company, was incorporated primarily to own and operate vessels for feedering of containers between Indian ports and internationally renowned container transshipment ports.
