AsiaDry Cargo

Shreyas diversifies from boxes to bulk

Shreyas Shipping and Logistics, part of India’s Transworld Group, has diversified from its container origins, buying its first bulk carrier.

Shreyas has paid South Korea’s Doriko $14.175m for the 12-year-old Ocean Rider handy bulk carrier. The 34,250 dwt ship will be renamed TBC Badrinath and brings the Shreyas fleet size to 12 ships.

Shreyas revealed in a release that it has also concluded a deal for a second, unspecified bulk carrier, which it will take delivery of later this month.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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