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Shreeji Shipping Global Limited has acquired two mini bulk carrier vessels for a total cost of INR 55.66 crore, including GST, as part of its fleet expansion strategy. The vessels, with a combined capacity of 8,810.80 DWT, are designed for coastal operations and can access shallow ports. Full payment has already been completed, and delivery is scheduled shortly. The acquisition is expected to improve cargo movement efficiency, expand route access, and strengthen the company’s presence in India’s growing coastal shipping segment.
Shreeji Shipping Global Limited has expanded its fleet by acquiring two mini bulk carrier vessels for a total consideration of INR 55.66 crore, including GST. The company entered into vessel purchase agreements with Gautam Freight Pvt Ltd to acquire MV Gautam BSTAR II and MV Sanghi Sudarshan as part of its ongoing capacity addition plans. Advertisement
The combined carrying capacity of the two vessels stands at 8,810.80 deadweight tonnage (DWT). Both are classified as Indian coastal vessels, allowing them to operate efficiently along domestic routes. This aligns with the company’s focus on strengthening its coastal shipping operations, particularly in the dry bulk segment where demand has been steadily increasing.
A key operational advantage of these vessels is their low draft design. This enables them to access shallow and draft-restricted ports, which are often not serviceable by larger ships. As a result, the company will be able to improve last-mile connectivity in coastal logistics and tap into smaller ports that are becoming increasingly important in regional cargo movement. This also supports faster turnaround and more flexible deployment across routes.
The company has completed full payment for the acquisition through RTGS, indicating that the transaction is fully funded. Delivery of the vessels is expected on or before May 1 at Bedi Port Anchorage, subject to standard handover procedures. The company clarified that the deal has been executed at arm’s length and does not involve any related party transactions.
The addition of these vessels is expected to improve fleet utilisation and enhance operational efficiency. With increased capacity and access to more ports, the company can handle a wider range of cargo movement requirements across coastal routes. This is particularly relevant as industries such as cement, coal, and construction materials continue to rely on coastal shipping for cost-effective transport.
India’s coastal shipping sector has been gaining momentum due to its lower logistics cost compared to road and rail, along with policy support aimed at reducing congestion and improving multimodal transport. Smaller vessels such as mini bulk carriers are playing a key role in this shift by connecting minor ports with major trade routes.
In recent months, Shreeji Shipping has been taking steps to strengthen its business operations. The company had secured a long-term contract in the mining logistics segment and has been focusing on improving fleet composition and operational scale. These developments indicate a gradual expansion strategy aimed at improving service capability without significantly increasing operational complexity.
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