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Shreyas Shipping acquires Balaji Shipping

Shreyas Shipping acquires Balaji Shipping

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India’s Shreyas Shipping & Logistics has announced that its board has approved a plan for subsidiary Shereyas Relay Systems to acquire a 99.99% stake in Balaji Shipping Lines via the issuing of new shares to its parent Transworld Holdings.

Dubai-headquartered Balaji Shipping Lines is engaged in refrigerated and dry cargo transport between the Indian subcontinent and the Middle East.

Shreyas Shipping said the company would be able to extend its reach internationally and become a global logistics player offering door to door multimodal cargo transport service upon completion of the deal.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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