Shreyas Shipping to acquire a 2,553 TEUer
SHREYAS Shipping and Logistics Ltd (SSLL), the Indian-flagged vessel owning company of the 45-year old Transworld Group, has announced that it has signed a Memorandum of Agreement (MoA) for acquiring a container vessel of 2,553 TEU, reports Reuters.
The leading player in the container feeder operations segment posted a 24.48 per cent decline in its net profit for the December quarter at INR45.01 crore (US$5.5 million) year-on-year, compared to INR59.6 crore in the same quarter a year ago. Further, its net sales also dipped in the quarter by almost 4 per cent to INR114.9 crore from INR119.68 crore in the corresponding quarter last year.
The company's EBITDA of INR64.03 crore in the December quarter was 6.87 per cent lower compared to INR68.75 crore in the year-ago period.
SSLL owns and operates vessels for feedering of containers between Indian ports and international container transshipment ports. The company offers common feeder carriers, domestic logistic services by sea mode, regional services, and chartering.
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