Shahi Shipping Share Price

Incorporated as Partnership Firm in 1985, Shahi Shipping Limited, was converted into a private limited company in 1990, and thereafter to a public limited company in Feb.93. Name of the Company was changed during May 2004, from Shahi Shipping Limited to SKS (Ship) Limited and again from SKS (Ship) Limited to SKS Logistics Limited on December 18, 2006 and further attained the current name to Shahi Shipping Limited on April 25, 2013.The Company was promoted by Sarvesh Shahi, F M Koli and Rajesh Shahi. The Company operate primarily in Mumbai harbor with a branch office in Goa offering costeffective sea logistics solutions to clients. It pioneered transshipment operations in India building the first 3000 DWT multipurpose cargo vessels. It handle the complex operation of fuel oil distribution to Indian Oil Corporation under the supervision of experienced and qualified personnel. Company owns 13 vessels and are operating with various private and Government bodies. The size of the vessels ranges between DWT 150 tons to DWT 1500 tons.In 199596, the company added two more vessels each having a tonnage of 2450 dwt at a cost of Rs 3.39 cr and Rs 3.42 cr respectively. In 199697, it acquired M V Royal Yamuna at a cost of Rs 3.33 crores and two more vessels costing Rs 710 lakhs with financial assistance from IDBI it purchased two new fuel efficient modern vessels M V Vikrant I and M V Vikrant II in May 97 and Aug.97 costing Rs 325 lakhs which were financed by Industrial Investment Bank of India and it has also obtained loan of Rs 10 crores from State Bank of India for the purchase of two more vessels out of which Yard 51 Yard 55 are presently under construction. With these acqusitions, the total fleet strength has risen to 27 vessels.The company setup operation of bunkering facilities at Haldia Dock Complex and also plans to acquire all weather sea going pilot launches.During the financial year 200102, the Companys operations covered several ports including Mumbai, JNPT, Goa, Jamnagar, Kandla. Kochi and Kolkata. It also extended barge operations between Kolkata and Mongia Port in Bangladesh.Two new Joint Venture companies with Inland Waterways Authority of India were incorporated i.e., Royal Logistics (Ship) Limited and SKS Waterways Limited during 200708.The Company acquired and run a dry dock with two carriers of 30,000 dwt each. It acquired newly constructed and fuelefficient three mini bulk carriers of 2450 dwt each, which deployed along the coastal regions of India in 2022.The company, through their division, Shahi Containers, has entered into a strategic alliance with Handling Systems Company, Malaysia, a leading shipping agency house.