Shreyas Shipping acquires Balaji Shipping

Shreyas Shipping acquires Balaji Shipping

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.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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