Shipping Stock to Watch: Company Signs 200 Meter Port Deal, Targets 3 MMT Cargo and 15% to 20% Topline Growth

Shreeji Shipping Global Limited has announced a strategic expansion of its port Logistics operations after entering into a Strategic Port Handling Agreement with Karanja Terminal & Logistics Private Limited. 

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

Expansion of National Logistics Footprint

The development marks the company expansion into Maharashtra after establishing operations at Syama Prasad Mukherjee Port Trust, Kolkata. The move strengthens its presence across both eastern and western coasts positioning the company across major cargo corridors in India.

Shreeji Shipping operates in dry bulk and liquid cargo handling and coastal logistics transporting commodities including coal pet coke sulphur clinker and other industrial cargo across domestic and international routes. The new terminal access is expected to help the company capitalise on rising import volumes and increased coastal cargo movement.

The dedicated berth provides year round assured berth availability faster vessel turnaround structured throughput visibility and dedicated cargo handling infrastructure.

Revenue and Throughput Visibility

The company expects to handle approximately 3 million metric tonnes annually at the Karanja terminal through deployment of its fleet and logistics resources without significant capital expenditure.

The commercial arrangement follows a royalty model linked to cargo volumes handled and payable to Karanja Terminal and Logistics Private Limited. The agreement is expected to contribute an estimated 15 to 20 per cent increase in topline revenue driven by incremental cargo volumes operational efficiencies and improved asset utilisation of the coastal fleet.

Commercial terms and duration of the agreement remain confidential. The company confirmed there is no shareholding related party transaction board nomination or conflict of interest associated with the agreement.

The management stated the agreement reflects its strategic intent to expand geographically while driving scalable volume led growth through integrated logistics capabilities.

Incorporated in 1995, Shreeji Shipping Global Limited is a shipping and logistics company focused on dry-bulk cargo handling. The Jamnagar-based Shreeji Group flagship provides integrated shipping and logistics solutions across all-weather and seasonal ports in India and Sri Lanka, serving major ports but primarily concentrating on non-major ports and jetties, particularly along India’s west coast.

The stock price is trading 81 per cent higher from its 52-week low.

Disclaimer: The article is for informational purposes only and not investment advice.