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21 July, 2017 20:40 IST
Shreyas Shipping inks MoA for acquisition of one multipurpose vessel
Source: IRIS | 17 Jul, 2017, 08.55AM
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Shreyas Shipping & Logistics has signed a Memorandum of Agreement (MoA) for acquisition of one multipurpose vessel of about 1100 teus. The delivery of the vessel is expected in first week of September 2017.

Earlier in June, the company had signed a Joint Venture Agreement (JVA) with Yokohama based Suzue Corporation of Japan wherein a Joint Venture Company (JVC) would be formed which will capitalize on the possibilities in international freight forwarding, customs clearance service, warehousing services, land transport services and other related logistic services with additional focus on land bank development for commercial purposes in Indian sub-continent and Japan.

Shares of the company declined Rs 8.75, or 2.59%, to settle at Rs 329.10. The total volume of shares traded was 3,171 at the BSE (Friday).





Shreyas Shipping & Logistics Limited   (Q,N,C,F)*

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