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Shreyas Shipping & Logistics opens east-west corridor for containerized trade link

31 Jul 2013 Evaluate

Shreyas Shipping & Logistics, Mumbai based leading shipping and logistics providers, has added two new services in coastal shipping. With this, Shreyas becomes the first company to link all key ports of India for containerised trade. Significantly, India now also has a seamless link connecting eastern and western coasts for containerised shipping of cargo.

This also marks an inauguration of a new era in domestic surface transport where the cargo can be shipped between any key ports within the country. Linking of India's ports for movement for cargo domestically will also help Vallarpadam terminal, Mundra etc. to be promoted as a transshipment hub. Shreyas now has five vessels focused on providing this nationwide network. The two new services will commence operations from August, 15 and connect Mundra-JNPT-Hazira and Kolkata-Vizag-Chennai-Cochin sectors.

Shreyas also declared the financial results for the first quarter of the current financial year. During this quarter, the topline has increased by about 30% to Rs 113.10 crore over the corresponding quarter of the previous year. Profit after Tax stands at Rs 2.87 crore. 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.

Transworld Shipping Share Price

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Company Name CMP
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