AsiaContainers
Shreyas Shipping & Logistics adds to fleet
Mumbai: India’s Shreyas Shipping & Logistics has signed a memorandum of understanding to acquire 700-teu containership Hub Gallardo (11,506 dwt, built 1998) from Hub Shipping (HUBLine) in Malaysia.
Shreyas, a subsidiary of Transworld Group, will pay $2.9m for the vessel to bring its fleet size up to seven vessels.
Last week the company signed a memorandum of understanding to acquire 2,959-teu containership OEL Bharat (34,670 dwt, built 1997) from Singapore-based sister company Orient Express Lines (OEL) for $7m.