Seacoast Shipping Services stock shoots up 8% on update of bulk cargo shipment business

7 Jan 2022 , 02:18 PM

Seacoast Shipping Services Limited (SSSL) has initiated Joint Venture (JV) Process with Africa based company for Bulk Cargo Shipment.

Due to the Containers shortage Global crisis, Break-bulk Shipments orders have drastically increased globally.

Recently Joint Venture (JV) Process was initiated by Invade Agro Group, Sub Saharan Africa-based Group. Invade Agro Group is in discussions with Seacoast Shipping Services Limited (SSSL) for Break-Bulk Cargo for the Export of Fertilizers from India and Import of Pulses to India. Exclusively usage of Mundra Port is being looked at as Logistics Hub for Shipments above 12,000 Metric Tons.

At around 2.22 pm, Seacoast Shipping Services Ltd. was trading at

Rs19.65 per share up Rs1.45 or 7.97% on the BSE. The stock hit a day’s high of Rs20.05 per share on Friday