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Shreeji Shipping Global inks pact to acquire Mini Bulk Carrier vessels
Apr-29-2026

Shreeji Shipping Global has executed Vessel Purchase Agreements for the strategic acquisition of two Mini Bulk Carrier vessels, namely M.V. Gautam BSTAR II and M.V. Sanghi Sudarshan, from Gautam Freight, for an aggregate consideration of Rs 55.66 crore 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.

Shreeji Shipping Global is flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of India.


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