/ Shreyas Shipping Signs JV With Yokohama-Based Suzue Corp ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 13 June 2017

Shreyas Shipping & Logistics and Japan-based Suzue Corporation have signed an agreement to form a joint venture company.

The JV will capitalise on the possibilities of international freight forwarding, customs clearance service, warehousing services, land transport services and other logistics services.

It will additionally focus on land bank development for commercial purposes in Indian Sub-continent and Japan.

The geographies covered by the agreement initially include Indian sub-continent and Japan, with the possibility of extending to the South East Asian nations.

The stock of Shreyas Shipping on the NSE is trading at Rs 348.25 per share, higher by 28 per share or 8.7% at 0945 hours. The stock has delivered a negative return of 10% in a period of one year and has underperformed the BSE Small Cap and Nifty Service Sector indices over the same time span.

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