Shreeji Shipping Global has secured a time charter agreement with AMNS Shipping and Logistics for its vessel, MV Sanghi Sudarshan. The vessel, modified to carry steel coils, will transport dry bulk cargo along the Indian coastline. This deal marks a significant expansion of the company’s coastal shipping footprint, following a similar engagement by its subsidiary, and highlights the firm's strategic push to optimize operational costs using VLSFO fuel-efficient vessels.
Shreeji Shipping Secures Coastal Charter Deal with AMNS Shipping
Shreeji Shipping Global Limited has executed a Time Charter Party Agreement with AMNS Shipping and Logistics Private Limited.
The agreement involves the deployment of the vessel 'MV Sanghi Sudarshan' for coastal dry bulk cargo transport.
Reader Takeaway: This expansion into long-term coastal shipping enhances revenue visibility while leveraging fuel-efficient vessel operations for better margins.
What just happened
Shreeji Shipping Global officially signed a deal on September 07, 2026, to deploy its 4,400 DWT vessel, 'MV Sanghi Sudarshan,' for AMNS Shipping and Logistics. The vessel is scheduled for delivery at APS Hazira. Notably, the vessel has undergone specific structural modifications to transition from clinker cargo transport to carrying steel coils, backed by relevant class certifications.
Why this matters
This contract underscores the company’s ongoing strategy to scale its presence in the Indian coastal shipping market. By utilizing VLSFO fuel, the vessel offers a cost-competitive edge over traditional diesel-powered ships. The inclusion of ICV (Indian Coastal Vessel) status provides the company with greater operational flexibility, allowing for more efficient route planning and reduced transportation costs per tonne-mile.
The backstory
This is the second significant coastal shipping contract for the group. Previously, Shreeji Global IFSC Private Limited, a wholly owned subsidiary, entered into a similar agreement with AMNS Shipping for the vessel 'MV SJ LILY.' These recurring engagements suggest a strengthening relationship with key industry players in the logistics and steel space.
Compliance and Transparency
The company has clarified that this transaction is at arm's length. Neither Shreeji Shipping nor AMNS Shipping are related to the promoter or promoter group, and the deal does not constitute a related party transaction. The vessel is mandated to maintain all statutory, safety, and regulatory compliance standards throughout the charter period.
What to track next
Investors should monitor the revenue contribution from these long-term charter agreements and any potential further fleet modifications or acquisitions that could scale the company's coastal logistics capacity.