Shreyas Shipping and Logistics acquires its ‘First’ Bulk Carrier Vessel
Shreyas Shipping and Logistics acquires its ‘First’ Bulk Carrier Vessel Shreyas Shipping and Logistics Limited, a part of Transworld Group of Companies, has announced the acquisition of one bulk carrier vessel. With this acquisition, Shreyas embarks into a new line of business of owning bulk carrier vessels. This is Shreyas’ first bulk carrier, which has been acquired for USD 14.175 mio. The second bulk carrier vessel is expected to be delivered by end of November 2021. Mr. Ramesh S. Ramakrishnan, Executive Chairman, Shreyas Shipping and Logistics Limited shared his thoughts on this occasion “It gives me immense pleasure to announce that the Company has acquired its first bulk carrier vessel which will be renamed as TBC Badrinath. With this, the vessel strength of the company stands at 12 ships. As advised earlier, we are likely to get the delivery of our second bulk carrier by end of November 2021. Our strengths built around Excellence in Leadership, Process, People and market penetration will be the key to sustainability and growth. We can look forward to a year full of opportunities and growth.” Capt. Milind Patankar, Managing Director, Shreyas Shipping and Logistics Limited also shared his thoughts “We are excited about this new acquisition. We are confident of the growth potential of bulk carrier vessels.