Shreyas Shipping & Logistics Ltd - SHREYAS SHIPPING Share Price

Summary

Shreyas Shipping & Logistics Limited (SSLL) was incorporated on 16th August, 1988. The Company is Indias first container feeder owning and operating company. The Company started its operations in 1993 primarily to fill the gap for feedering of containers between Indian ports and internationally renowned Asian transhipment ports. The Company operations includes vessel operations and giving vessels on time chartered.After liberalisation, the company acquired MV Orient Prosperity, an 8000-dwt container vessel with a capacity of 405 TEUs, which is the first container owned by the private sector in India. Feeder vessels and services form an integral part of the containerised shipping sector.In Nov.93, the Ship Acquisiton & Licensing Committee permitted Shreyas Shipping to acquire three container feeder vessels. This was the first sanction of its kind accorded to the private sector in over a decade. The company has chartered its course to become a major feeder operator in the Bombay-UAE sector, for which a strategic alliance has been entered into with X-Press Containers, UK. It has also commenced a regular common carrier service connecting Bombay and Colombo. SSL has tied-up with OEL, UK, for technical know-how, shipping operations and procurement of business. Company entered into agreement for taking Two Containers Vessels on lease having a capcity of 1152 teus each from ICICI Ltd. With this acquisiton company increase the fleet to seven. Company started new service between... Read More