Shreeji Shipping Global Acquires Two Mini Bulk Carriers, Augmenting Coastal Fleet Capacity
Shreeji Shipping Global Ltd has completed the strategic acquisition of two Mini Bulk Carrier vessels, marking a significant expansion of its owned tonnage and operational capacity in the coastal shipping corridor.The company executed the Vessel Purchase Agreements on April 28, 2026. The acquired vessels are M.V. Gautam BSTAR II (IMO No. 9823948) and M.V. Sanghi Sudarshan (IMO No. 9823936). Both vessels are Indian Coastal Vessel (ICV) classed with the Indian Register of Shipping (IRS).
The acquisition was made from Gautam Freight Private Limited. The transaction represents an aggregate consideration of ₹ 55,66,05,000/-, which includes GST.
Acquisition Financial Details
The purchase consideration was structured as follows, covering the details for the two ICV-classed vessels:| Metric | Detail |
|---|---|
| Seller | Gautam Freight Private Limited |
| Vessel 1 | M.V. Gautam BSTAR II (IMO No. 9823948, 4408.50 DWT) |
| Vessel 2 | M.V. Sanghi Sudarshan (IMO No. 9823936, 4402.30 DWT) |
| Aggregate DWT Capacity | 8,810.80 DWT |
| Total Consideration | ₹ 55,66,05,000/- |
| Total Payment | 100% of consideration paid via RTGS on April 27, 2026 |
Strategic Operational Edge
The addition of these two vessels significantly strengthens the Company’s owned tonnage base and deepens its operational footprint. A key strategic advantage of these Mini Bulk Carriers lies in their very low draft profile. This unique capability enables the vessels to call at tidal and draft-restricted minor ports along the Indian coastline that are typically inaccessible to larger conventional vessels.This operational flexibility allows the company to service shallow-draft and intermediate ports, thereby enhancing its ability to provide efficient, time-effective, and cost-competitive lighterage and dry-bulk transhipment services.
The vessels are scheduled to deliver on or before May 1, 2026, at Bedi Port Anchorage, upon execution of the Protocol of Delivery and Acceptance (PODA). The acquisition is anticipated to enhance fleet utilization, optimize operating economics, and contribute positively to Shreeji Shipping Global’s revenue, profitability, and long-term value creation.
SHREEJISPG Stock Price Movement
Shares of Shreeji Shipping Global Limited are edging higher to ₹399 as of 10:59 AM, rallying 0.72% in live trading. The stock has seen active morning momentum, with 141,309 shares traded so far in the session.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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