Shreyas Shipping

India’s container trade reached 1.6 million TEUs in the 1995-96 financial year and, thanks to the liberalisation policy now in motion, this is expected to grow to 3 million TEUs by 2000. Of this, it is estimated 2.5 million alone will be for the feedering trades either around India’s huge coastline or to nearby countries such as Sri Lanka or the Middle East.

One of India’s fastest growing companies, Bombay-based Shreyas Shipping, says it is poised to take advantage of this boom in container traffic, and its annual results bear out a major growth programme.

Indeed, Mr. S. Ramakrishnan, chairman and managing director, says he aims to capture 25% of the available market – and estimates Shreyas is moving 15% of feeder traffic now, since its 1994 startup. Speaking to shareholders in Bombay at the annual meeting and reflecting on the 1995-96 results he commented: “The 12 month period ending March 31, 1996 has seen Shreyas leap forward on many fronts. We have generated significantly increased income, with operational profits in line with our projections. We have expanded our container feeder services and developed new routes with our established partners.”

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