Shreyas Shipping begins operation in Eastern coast

New Delhi, May 6 (UNI) Shreyas Shipping&Logistics Ltd, feeder services and logistics services provider, has announced the start of its operation in the eastern corridor of the country, establishing a supply chain right from Kolkata into Chennai.

''We decided to commence a service for the East Coast as our market research has shown that the volumes on this leg are bound to increase,'' company's Chairman and Managing Director S Ramakrishnan said.

Shreyas is the first Indian company to commence a service connecting the Western Coast to Karachi and continues to be the only company running services between India and Pakistan.

It leased warehousing facilities at Kandla, Ahmedabad, Cochin and Tuticorin and plans to add similar facilities at other location in Northern and Southern India.

It has also made investments in brand new containers to cater to the growing market.

During the last fiscal, the company added three container vessels to its fleet, thereby increasing its tonnage by about 50 per cent as compared to the tonnage as on March 31, 2006.

The company carried about 15 per cent more exim cargo during the fiscal 2006-07 and improved its logistics volumes by 85 per cent over last year.

UNI