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Shreyas Shipping & Logistics shines on adding Ninth container vessel MVSSL Visakhapatnam

21 Apr 2016

Shreyas Shipping & Logistics is currently trading at Rs 346.70, up by 40.30 points or 13.15% from its previous closing of Rs. 306.40 on the BSE.

The scrip opened at Rs. 307.20 and has touched a high and low of Rs. 353.00 and Rs. 304.80 respectively. So far 52295 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 839.50 on 05-Aug-2015 and a 52 week low of Rs. 133.10 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 315.00 and Rs. 301.20 respectively. The current market cap of the company is Rs. 742.16 crore.

The promoters holding in the company stood at 73.25% while Institutions and Non-Institutions held 1.18% and 25.57% respectively.

Shreyas Shipping & Logistics, a leading Mumbai based shipping and logistics provider, part of global conglomerate Transworld group, has added Ninth container vessel MVSSL Visakhapatnam to its fleet. This vessel is a 1613 tues vessel with a Gross Registered Tonnage (GRT) of 18602.  The company owns a fleet of 9 vessels with a total tues capacity of over 13500 tues. The combined dead weight of all its vessel sum up to 192771 and a GRT of 154859.

With an addition of Ninth vessel to its fleet, the company embarks on providing weekly seamless connectivity between East and West coast of India.

Shreyas Shipping and Logistics (Shreyas) is India's first container feeder owning and operating Company. Shreyas commenced its operations in 1994 primarily to fill the gap for feedering of containers between Indian ports and internationally renowned transhipment ports such as Dubai, Jebel Ali, Colombo and Singapore. Within a short period, Shreyas started providing crucial links between Indian ports and assisted transhipment of cargo over Indian ports.

Related Shreyas Shipping & Logistics Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323