Shreyas Shipping and Logistics Limited, Part of Dubai Head-Quartered Global Conglomerate Transworld Group, Creates History by Becoming First to Service Domestic Containerised Cargo Movement at all Indian Ports, From Mundra up to Kolkata

MUMBAI, India, January 21, 2015 /PRNewswire/ --

Company acquires new vessel enabling linkage of all ports, rebrands all vessels from OEL to SSL, dedicates SSL SAGARMALA to PM Modi's ambitious project 

Shreyas Shipping and Logistics Limited, a leading Mumbai based shipping and logistics provider, part of global conglomerate Transworld Group (http://www.transworld.com ), has created history by becoming the first to service domestic containerised cargo movement at every Indian port, from Mundra up to Kolkata, all the way along peninsular Indian coasts.

     (Photo: http://photos.prnewswire.com/prnh/20150119/726597 )

"This is a first in Indian maritime history. This will be Shreyas Shipping and Logistics Limited's contribution towards the success of Sagar Mala project of Indian government," said Mr. Ramesh S. Ramakrishnan, Chairman of Transworld Group.  

"Furthermore, in line with, and supporting Prime Minister Narendra Modi's ambitious Sagar Mala project, Transworld Group has decided to dedicate one of its vessels, M. V. OEL VICTORY by renaming it as SSL SAGARMALA" Mr. Ramakrishnan added.

Deploying the newly acquired vessel SSL Gujarat, whose delivery was taken on 19 January 2015 at Jebel Ali, Dubai, on self-operated service along the coastal route, has enabled Shreyas Shipping and Logistics Limited to link all ports.  

The new service will operate on rotation on the Mundra - Tuticorin - Katupalli - Vizag - Tuticorin - Cochin - Jebel Ali - Mundra sector. Shreyas Shipping and Logistics Limited will deploy two vessels, SSL Mumbai and SSL Gujarat on a 28 days voyage rotation which will provide fortnightly frequency.

The service will be upgraded to a weekly service in the future. The self-operated east coast feeder service from ports of Kolkata and Haldia to Vizag shall transship cargo at Vizag and connect to PIX2 service for Gulf countries.

The three in one service meets the vision of Ministry of Shipping, which emphasizes on domestic coastal trade to new areas covering entire Indian coast, transshipment connectivity from east coast ports to Vallarpadam Terminal, and direct sailing from all east and south Indian ports to Gulf thereby reducing Indian cargo's transshipment at Colombo.

"Vision of Shreyas Shipping and Logistics is very much in line with the vision of Ministry of Shipping for Indian coastal shipping and we have been following the directives for the growth of this efficient and cost-effective mode for transporting goods within the country without adding to traffic woes," explained Mr. Ritesh S. Ramakrishnan, Director - Strategy and Business Planning, Transworld Group.  

"The new policies and initiatives of Ministry of Shipping will go a long way in developing coastal shipping to which Shreyas has been committed for the last two decades," added Mr. Ramakrishnan.

With this acquisition Shreyas Shipping and Logistics Limited has rebranded its vessel brand name from OEL to SSL. From now on, all vessels will operate with SSL as the prefix. "The idea is to create a brand name for the company independent from the Group across the globe," Mr. Ramakrishnan said.

The new ship has also helped to increase the total tonnage by 25% to GRT of 98,696 thus actively contributing to the growth of Indian tonnage.

With speedy fleet rationalisation, the average fleet age has reduced from 22 years to 19 years in the last few years. Shreyas Shipping and Logistics Limited has actively participated in the country's coastal growth story and the deployment of SSL Gujarat solely for coastal shipping is yet  another move in this direction.

About Shreyas Shipping and Logistics Limited
 

Shreyas Shipping and Logistics Limited is the ship owning and operating unit of Transworld Group in the Indian subcontinent. The company is a pioneer, being India's first container feeder owning and operating company. Currently owns and operates a fleet of six vessels trading on the Indian coast. Running different services connecting all major ports in the western, eastern coasts of India, it is the preferred feeder operator in India for all main lines like Maersk Line, CMA CGM, and MSC. Shreyas Shipping and Logistics Limited provides crucial links between Indian ports  which helps in providing door to door logistics solutions through its logistics arm and assists transhipment of cargo from these ports.

About Transworld Group 

With its global head office located in the United Arab Emirates' Jebel Ali Free Zone, Dubai, Transworld Group of Companies has forged a strong reputation in the maritime industry since it was established in 1977 in Mumbai, India. The company's list of diversified activities range from ship owning, feeder operations, shipping agency and ship management to freight forwarding, contract logistics and non-vessel operating common carrier (NVOCC) operations. More information about Transworld Group can be found at http://www.transworld.com.

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SOURCE Shreyas Shipping and Logistics Limited