Shreyas Shipping Taking Over Balaji Shipping

Image Courtesy: Shreyas

Mumbai based shipping company Shreyas Shipping and Logistics Limited (Shreyas), part of Transworld Group, has decided to acquire 99.99% stake in Dubai-based Balaji Shipping Lines from Transworld Holding Limited.

The move was approved at a board meeting held on March 9 and the acquisition will be carried out though issuance of Shreyas shares to Transworld Holding Limited.

“This transaction would enable SRS to serve beyond Indian boundaries by synergizing with BSL Dubai and expanding in international liner operations. It would also provide global presence to SRSL and in turn to Shreyas,” the company said in an announcement.

Balaji Shipping is a liner operator with a presence in UAE, Saudi Arabia, Oman and UK through its subsidiaries. It specializes in the transportation of refrigerated and dry cargo between the Indian subcontinent and Middle East and has a network of agents in 17 countries.

Bombay-listed Shreyas Shipping has a fleet of 9 vessels with a capacity of over 13, 500 TEUs sailing to the Middle East and Bangladesh.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >