Two more for Shreyas?

India’s Shreyas Shipping & Logistics is eyeing more new ships as it plots route expansion.

The feedership player told the DNA website that it aims to take delivery of two more vessels in the next two months.

One deal is agreed, while another is being considered.

In June it added the 1,613-teu SSL Mumbai (built 1997) for $4.5m from sister Transworld-owned company Orient Express Lines (OEL) to replace an older, smaller ship.

“The idea to replace the existing fleet with vessels with higher tonnages so that we may eventually start services linking the western coast with the eastern coast,” CEO VK Singh told DNA.

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