Shreyas ventures into dry bulk space
Shreyas Shipping and Logistics Ltd is venturing into the dry bulk segment by winning a deal from Rashtriya Ispat Nigam Ltd for transporting products from its plant at Visakhapatnam to stockyards in Ahmedabad, Mumbai and Kochi.
Shreyas has purchased a foreign-flagged multi-purpose vessel to haul 2,25,000 tonnes a year to the three destinations on an annual contract worth about `75 crore. The ship will be converted into an Indian flag. Of the total quantity to be shipped, 60,000 tonnes is meant for Kochi, 75,000 tonnes for Mumbai and 90,000 tonnes for Ahmedabad.
Shreyas Shipping is already established as a renowned player in coastal cargo movement in India.