Shreeji Shipping Global Ltd. Secures Strategic Port Handling Agreement at Karanja Creek, Expects 15-20% Revenue Growth

Shreeji Shipping Global Limited (BSE: 544490, NSE: SHREEJISPG), a leading provider of integrated shipping and logistics solutions , has taken a decisive step forward in its growth journey by entering into a Strategic Port Handling Agreement with Karanja Terminal & Logistics Private Limited

Effective February 10, 2026, the Company has secured exclusive rights to handle dry bulk and liquid cargo at a dedicated 200-meter waterfront facility located at Karanja Creek, Raigad District, Maharashtra and operations are expected to start by end of March, 2026.

Following its operational presence expansion across strategic locations such as Syama Prasad Mukharjee Port Trust, Kolkata, the Company is now expanding its footprint into Maharashtra — one of India’s strategic import and industrial cargo gateways.

This geographic diversification places Shreeji Shipping more prominently on the Indian logistics map while strengthening its ability to service large cargo corridors across both eastern and western coasts.

Shreeji Shipping operates in the dry bulk and liquid cargo handling and coastal logistics segment, transporting commodities such as coal, pet coke, sulphur, clinker and other industrial commodities across India and Internationally.

Shreeji Shipping’s terminal access at Karanja positions the Company to capitalise on rising import volumes and increasing coastal cargo movements.

This moves places the Company more prominently on the Indian logistics map by diversifying its operational footprint across strategic port infrastructure and enables company to get a year-round assured berth availability, resulting in faster vessel turnaround times, dedicated cargo handling infrastructure, and structured throughput visibility.

The Company expects to handle approximately 3 million metric tonnes (MMT) of cargo annually at the Karanja terminal through optimal deployment of its fleet and logistics resources without significant capital expenditure. The commercial structure operates on a royalty model linked to cargo volumes handled, paid to Karanja Terminal & Logistics Private Limited and is expected to contribute an estimated 15%–20% increase in topline revenue, driven by incremental cargo volumes, enhanced operational eAiciencies, and improved asset utilisation including our coastal fleet.

The agreement underscores management’s strategic intent to expand geographically while driving scalable, volume-led growth through integrated logistics capabilities.

Shreeji Shipping Global Ltd is a leading provider of integrated shipping and logistics solutions for dry bulk cargo across India and Sri Lanka. With a fleet of over 80 vessels—including barges, mini bulk carriers, tugboats, and floating cranes—and more than 370 units of earthmoving and cargo-handling equipment, the company delivers end-to-end services in cargo handling, transportation, fleet chartering, and equipment rentals.

Founded in 1995, Shreeji Shipping Global carries forward a legacy of over three decades in the shipping and logistics sector. Promoted by industry veterans Ashokkumar Haridas Lal and Jitendra Haridas Lal, who bring more than 60 years of combined experience, the company has grown into a trusted partner for dry bulk