Seacoast Shipping Services board plans to purchase Dry Bulk Ship; Stock up 7%

25 Mar 2022 , 12:46 PM

The Board of Seacoast Shipping Services Limited has announced that it is planning to purchase asset and is under negotiation for purchase of Dry Bulk ship of 20893 metric tonnes or similar up to 30000 metric tonnes which is currently planned to be deployed on India Africa trade to focus in Agro cargo which will increase the financial and will change the profile of the company in global markets.

At around 12:47 PM, Seacoast Shipping Services Limited was trading at Rs15 per share higher by 7% on Sensex.