Shreyas replaces veteran

India’s Shreyas Shipping has offloaded an elderly feedership and replaced it with a bigger version.

The company told the Bombay Stock Exchange that the 1,100-teu Unity (built 1990) has gone for INR 173m ($2.89m).

The owner has agreed to buy an unnamed second-hand vessel of 1,613-teu to replace it.

This has cost INR 270m, it added.