Shreyas Shipping & Logistics Limited has announced its foray into the coastal bulk shipping operations with the deployment of M V Unity, a coastal bulk vessel. The vessel M V Unity is a single decker, self geared, bulk ship strengthened for heavy cargo. Earlier it was deployed under the foreign charter but in view of increasing demand for coastal bulk movement, the company deployed her for coastal bulk trade.
“Shreyas’ entry into the bulk coastal shipping would complement its position as an integrated multi-modal logistics service provider. The coastal route is one-third in terms of operational cost when compared with railways, and one-tenth that of road transport. However, the subsidised road and railways disturbs the feasibility of coastal shipping in India unlike in developed countries where coastal shipping is subsidized vis-a-vis roads and railways. Deploying M V Unity into the Indian coastal trade re-emphasises our commitment of improving coastal shipping in India,” said, S Ramakrishnan, chairman and managing director, Shreyas Shipping & Logistics Ltd.