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Shreyas Shipping’s steel cargo coastal vessel veers off Vizag Port

Minister for Road Transport & Highways, Shipping and Water Resources Mr Nitin Gadkari and Union Steel Minister Mr Chaudhary Birendra Singh flagged off maiden coastal ship service SSL Sabarimalai of Shreyas Shipping and Logistics Ltd laden with Rashtriya Ispat Nigam Ltd (RINL) cargo at Visakhapatnam Port on 1st Nov, says a release. Shreyas, a part of Transworld Group of companies, having pioneered coastal container shipping almost two decades back, continue to be the leader and largest coastal container shipping operator on the Indian coast. With the recent acquisition of the three vessels, the current fleet stands at 11 container vessels with capacity of 21,354 TEUs and 28,7128 Deadweight tons and two multipurpose vessels of capacity 28,594 Deadweight tons and 1,789 TEUs, totaling to 13 vessels with total capacity 23,143 TEUS having total GRT of 2,48, 392 and Deadweight of 3,15, 722 ton. The coastal container services of the company extend to entire Indian coast and cover all port destinations as per customer’s requirement.

Shreyas shipping has now ventured into carriage of coastal break bulk and project cargo on the Indian coast. The company acquired its first MPP Vessel SSL Sabarimalai which is dedicated to RINL for honouring the agreement between RINL and SSLL for transportation of their steel products through coastal shipping. The company has recently acquired second MPP vessel SSL Balaji and endeavor to provide more structured services for break bulk cargo on the Indian coast. The company is gearing up to take advantage of government’s Sagarmala Project by way of deploying required break bulk vessels to develop coastal break bulk services along the coast and help in bringing down the logistic coast as well as provide environment friendly transportation.

Capt V.K.Singh, Executive Director & CEO of the company said that it’s a matter of great pride for the company to have embarked upon carriage of coastal break bulk besides being leader in container coastal shipping. The vision of the company is to become leader in coastal shipping even for non-containerized dry cargo specially for steel products. We are pleased to inaugurate transportation of RINL’s finished products from their factory to their warehouse at Cochin, Mumbai and Ahmedabad using coastal shipping mode. The first shipment comprises of 10,000 MT of steel finished goods destined to Cochin and Mumbai on the maiden call of our vessel SSL Sabarimalai on the break bulk trade. “We are grateful to RINL for this support and look forward to a long association. We share and strive similar vision as of ministry of shipping to have robust coastal shipping in India which can bring immense advantages over other modes like road railways”.

Speaking on the occasion, Union Steel Minister, Mr Chaudhary Birender Singh said the Sagarmala Project would transform the logistic sector and change the lives of those living along the 7500 kms Coast line in the country.  While commending RINL for foraying into sea trade to strengthen its relationship with the coastal transportation for domestic requirements, he said and added that RINL should take advantage of utilizing its locational advantage for import of raw materials like coking coal and export of finished products. He mentioned that RINL has been at forefront of launching new initiatives to increase steel consumption through market penetration and creating awareness.  He expressed confidence that RINL would continue to be a pioneer in such innovative and market leading initiatives.  The steel minister assured full support from the government of India and ministry of steel to RINL in fulfilling its vision to be an efficient steel maker. Mr Singh said coastal shipping has inherent advantages over land modes of transport and is environmentally friendly, energy efficient and relatively safe.  

Coastal shipping poised to garner 30% steel cargo by 2025

He said in order to make the requirement of steel exports, India could aspire for 25-30 percent of steel capacity to be coastal by 2025. He said at present the logistic cost in India is amongst the highest in the world but Sagarmala programme has the potential to unlock full potential of India’s coast line and waterways and make logistics sector competitive with the world standards.  Coastal shipping is cheaper than road or rail by 60-80 percent and reduces the burden on rail and road transport.  He observed that an overall cost saving of around Rs.40, 000 crore per annum is estimated from this project by 2025.  He acknowledged the support of Shri Nitin Gadkari, Union minister of Road Transport and Highways to the steel ministry in its initiatives to strengthen the steel sector in the country. Shri P Madhusudan, CMD RINL, in his welcome address highlighted the initiatives of RINL in promoting coastal shipping as the plant is expanding its capacity.

Sri Ganta Srinivasa Rao, Hon’ble Minister of HRD, Govt of AP said that Visakhapatnam has been transformed into a mega metropolis and changed the face of the City of Destiny with the establishment of Port Trust and Vizag Steel Plant. Shri T Krishna Babu, IAS, Chairman, Visakhapatnam Port Trust congratulated RINL for foraying into sea trade to reduce logistics cost. Dr. K Haribabu, MP, Visakhapatnam, Shri M Srinivasa Rao, MP, Anakapalle, local MLAs, and other dignitaries graced the occasion. Smt. Premalatha Singh, MLA, Haryana Assembly, Shri Sarasawathi Prasad, AS&FA, Ms. Ruchika Chaudhry Govil, Jt. Secy, Ministry of  Steel,Sri PC Mohapatra, Director (Projects), Sri P Raychaudhary, Director (Commercial), Sri KC Das, Director (Personnel), Sri V V Venugopala  Rao, Director (Finance), Sri PK Rath, Director (Operations) RINL were present on the occasion. 



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