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Shreyas Shipping & Logistics’ total capacity increases by 93.5%

03 Apr 2013

Shreyas Shipping & Logistics’ has recently acquired two container vessels - OEL KOCHI and OEL KUTCH due to which the total teus (Twenty-foot Equivalent Unit) capacity has increased by 93.5%. This has also rationalized the company’s average fleet age from 21.5 years to 19 years, bringing down the average age of the fleet. It has also proved to be of great advantage whereby the company has been able to enhance the domestic market share as well as upgrade the quality of service to its customers.

The company was the first operator to call its vessel at the newly inaugurated container terminal of Adani at Hazira port on the west coast of India. The company is confident of developing a strong cargo base from this container terminal and service the industrialized hinterland through the port. Besides, the company continues to have 100% share of coastal container exim transshipment volume on the Indian coast and also at the Vallarpadam port despite relaxation of cabotage.

Among the company’s fleet, one vessel is deployed on time charter and the others are deployed on the Indian coast. The company is also looking at enhancing its areas of operation by connecting East and West coast of India.

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.

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Shreyas Shipping Share Price

184.90 -5.05 (-2.66%) Jun 17, 18:01
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