SHIPPING & PORTS
It has launched two new services connecting India’s Eastern and Western corridors, aiming to increase the domestic coastal containerised cargo market to a healthy 10-15 per cent in next few years in India
Shreyas connects East and West to enhance containerised cargo movement
with international shipping companies getting a share of India’s containerised cargo traffic, Shreyas Shipping & Logistics (part of Transworld Group) is utilising its full potential to build, grow and tap this traffic in India. The company recently launched two new services in coastal shipping connecting KochiChennai-Visakapatnam-Kolkata and Mundra-JNPT-Hazira sectors. The first, from Kochi to Kolkata, linking Chennai and Vizag will be a fortnightly service initially. On the west coast, Shreyas already has a service from Kochi to Mundra via Mangalore. The second, a weekly service, will link Hazira with Mundra and Jawaharlal Nehru ports. Local cargo, for example, from Gujarat can be moved
The diversion of five per cent of cargo transportation to a waterborne mode can result in an annual saving of around 20 billion and a six per cent reduction of harmful chemicals and pollutants.”
Capt. V K Singh ceo, Shreyas
by sea to the east coast ports of Vizag or Kolkata using the transhipment facility being developed at Vallarpadam in Kochi. This will not only help ease the pressure on road and rail but also save a lot fuel, infomed Ramesh S Ramakrishnan, Chairman, Transworld Group. Two ships with a capacity to carry 1,700 standard containers (TEUs) each will be deployed for the east coast service and a smaller 700 TEU vessel for the new west coast service. With the new services, Shreyas claims to be the first company to link all key ports of India for containerised trade offering seamless link connecting eastern and western coasts. Linking of India’s port for movement of cargo domestically will also help Vallarpadam terminal, Mundra, etc to be promoted as a transshipment hub.
The company’s priority is not just to capture a larger market share with these new services, but to become a market leader and act as a catalyst for the growth of containerised shipping movement in India.”
Ramesh S Ramakrishnan chairman, transworld Group
According to Ramakrishnan, the company’s priority is not just to capture a larger market share with these new services, but to become a market leader and act as a catalyst for the growth of containerised shipping movement in India. He said, “Generally, the containerised shipping average movement in other countries is approximately 30-35 per cent. However, in India the penetration level of coastal containerised shipping has not exceeded more than five to six per cent. Through our work and strategies, we intend to grow this market and gradually take this growth to a 10-12 per cent. The potential is huge in coming years.” Through the two new weekly services, the company aims to achieve 75 per cent of the total volume in domestic movements from east to west corridor.
Elaborating on the impact of a robust east-west corridor, Capt. V K Singh, CEO, Shreyas said, “Efficient transportation infrastructure by sea has tremendous social and economical benefits for the nation. According to the Ministry of Shipping and Transport, the diversion of 5 per cent of cargo transportation to a waterborne mode can result in an annual saving of around
20 billion and a six per cent reduction of harmful chemicals and pollutants. The sea mode effectively reduces emission of CO by 29 gm/tonne/km as compared to road transportation. The current north-south corridor handles around three per cent containerised cargo by sea mode. With the proposed east-west corridor, Shreyas targets to achieve five per cent containerized cargo shift to the sea mode.
(L to R)- Capt. Vivek Kumar Singh, Chief Executive Officer; S. Ramakrishnan, Chairman & Managing Director; V. Ramnarayan, Executive Director of Shreyas Shipping and Logistics respectively and Varadarajan, CEO, Shreyas Relay Systems