Om Freight Forwarders Limited Initiates Flag Change for Vessel M.V. BHARADWAJ to St. Kitts & Nevis
Om Freight Forwarders Limited has begun the process of changing the flag and re-registering its vessel, M.V. BHARADWAJ. The vessel is currently registered under the Indian Flag with the Registrar of Indian Ships in Chennai Port.The company plans to change the flag or re-register the ship from the Indian Flag to the Flag of St. Kitts & Nevis (SKN). This move is contingent upon completing all requisite approvals, permissions, registrations, and formalities from concerned authorities.
This proposed flag change is part of the company's ongoing business and operational strategy. The shift is expected to provide enhanced operational flexibility in how the vessel is deployed and utilized. Furthermore, the change aims to facilitate ease of doing business in international operations, supporting the company’s international activities, operational efficiency, and future growth opportunities.
Om Freight Forwarders Limited intends to complete all relevant statutory and regulatory formalities connected with registering the vessel under the St. Kitts & Nevis Maritime Registry in line with applicable legal requirements.
OMFREIGHT Stock Price Movement
As of 2:18 PM, shares of Om Freight Forwarders Limited are slipping by 0.59% in live trading, currently at ₹92.06 after shedding ₹0.55 from the previous close. The stock has seen considerable intraday activity, with a total traded volume of 11,466 shares reported so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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