Shreeji Shipping signs Port Handling Agreement at Karanja Creek
SHREEJISPG · price
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Shreeji Shipping has signed a Port Handling Agreement with Karanja Terminal and Logistics, effective Feb 10, 2026. The company gets exclusive rights to handle dry bulk and liquid cargo at a 200-metre waterfront in Karanja Creek, Maharashtra. Operations start by end of March 2026. Expected volume is about 3 MMT annually, adding an estimated 15-20% to topline revenue via a royalty model, with no major capex.
15-20% topline revenue boost expected with no major capex; positive growth signal as company expands coastal logistics footprint.