Shreyas Shipping & Logistics a leading multi modal, integrated logistics and shipping solutions company, has announced its foray into the coastal bulk shipping operations with the deployment of MV Unity, Indian flag coastal bulk vessel.

Mr S Ramakrishnan CMD of Shreyas Shipping & Logistics said that “Shreyas's entry into the bulk coastal shipping would complement its position as an integrated multi-modal logistics service provider. The coastal route is one-third in terms of operational cost when compared with railways, and one-tenth that of road transport. However, the subsidized road and railways disturbs the feasibility of coastal shipping in India unlike in developed countries where coastal shipping is subsidized vis a vis roads and railways. Deploying M.V. Unity into the Indian coastal trade reemphasizes our commitment of improving coastal shipping in India.”

(Sourced from IRIS)