(From India Business Insight)
Shreyas Shipping (SS) is planning to expand its operations from the east coast to the west coast of India. It will launch freight services on the east coast as a low-cost alternative for cargo moving from Chennai and Visakhapatnam terminals.
Plans include acquiring of 2-3 second hand container vessels by Jul 2005 at an investment of $22 million. Besides, SS will enhance its presence in the logistics market through strategic tie-ups.
In Jul-Sep 2004, the charter hire income of …