DP World in talks to buy Indian flag carrier Shreyas Shipping
Global port operator DP World Ltd is in advanced talks to buy Shreyas Shipping and Logistics Ltd and Avana Global Logistek Ltd from Dubai-based Transworld Group promoted by Indian businessman Ramesh Ramakrishnan, according to multiple sources.
Shreyas has a market share of over 90 per cent in the export-import (EXIM) transhipment business and more than 52 per cent in the domestic container business. It is a preferred partner of most Main Line operators.
Source: The Hindu Business Line