Shreyas ven­tures into dry bulk space

Maritime Gateway - - Brief News -

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.

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