Shreyas Shipping & Logistics gets new vessel

Shreyas Shipping & Logistics Ltd has informed that with an intention to meet the requirements of its increasing logistics operations, the Company has decided to augment its fleet strength. The Company has signed Memorandum of Agreement (MOA) for purchase of fully cellular ship of 1021 Teu capacity, built in 1990 at a cost of about Rs 50 crores.

With the purchase of this vessel, the fleet strength increases to eight. The Company has added 17% tonnage with this purchase.