Shreeji Shipping Global Ltd acquires two mini bulk carrier vessels

Shreeji Shipping Global Limited has, on April 28, 2026, executed Vessel Purchase Agreements for the strategic acquisition of two Mini Bulk Carrier vessels, namely M.V. Gautam BSTAR II (IMO No. 9823948) and M.V. Sanghi Sudarshan (IMO No. 9823936), from Gautam Freight Private Limited, for an aggregate consideration of ₹ 55,66,05,000/- (Rupees Fifty-Five Crore Sixty-Six Lakh Five Thousand only) inclusive of GST.

This acquisition marks a meaningful milestone in the Company's continued journey of fleet expansion and capacity augmentation. The induction of these two ICV-classed vessels, aggregating 8,810.80 DWT, further strengthens the Company's owned-tonnage base, deepens its operational footprint along the coastal shipping corridor, and reinforces its position as a leading lighterage and dry-bulk transhipment service provider and strengthening coastal movement capabilities in the region.

A key strategic advantage of these vessels lies in their very low draft profile, which enables them to call at tidal and draft-restricted minor ports along the Indian coastline that are inaccessible to conventional larger vessels. This unique operational capability significantly enhances the Company's ability to service shallow-draft and intermediate ports, opens up additional cargo movement opportunities, and makes coastal movement more effective, time-efficient and cost-competitive for the Company and its customers.

The vessels are scheduled to deliver on or before May 1, 2026. This acquisition is anticipated to enhance fleet utilisation, optimise operating economics, and contribute positively to the Company's revenue, profitability and long-term value creation for all stakeholders.

Shares of Shreeji Shipping Global Limited was last trading in BSE at Rs. 401.90 as compared to the previous close of Rs. 396.75. The total number of shares traded during the day was 27184 in over 432 trades.

The stock hit an intraday high of Rs. 406.55 and intraday low of 397.80. The net turnover during the day was Rs. 10907942.00.

Source : Equity Bulls

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ShreejiShippingGlobal INE1B6101010 TwoMiniBulkCarrierVessels Acquisition