FINWIRES · TerminalLIVE
FINWIRES

Shreeji Shipping Global to Acquire Two Mini Bulk Carrier Vessels for INR557 Million

By

-- Shreeji Shipping Global (NSE:SHREEJISPG, BOM:544490) has agreed to acquire two mini bulk carrier vessels from Gautam Freight for 556.6 million Indian rupees, according to a filing to the Indian stock exchanges.

The company will acquire the vessels, M.V. Gautam BSTAR II and M.V. Sanghi Sudarshan, as part of its fleet expansion, amounting to 8,810.80 deadweight tonnage.

The vessels are scheduled to be delivered by May 1.

The acquisition is expected to help boost the company's fleet utilization, optimize operating economics, and contribute positively to the company's revenue and profitability.

Related Articles

Research

Research Alert: Azn Q1 2026 Beat As Oncology Remains Strong; Reaffirms 2026 Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AstraZeneca (AZN) posted 13% total revenue growth (+8% at constant exchange rates, CER) to USD15.3B in Q1 2026, beating consensus estimates of USD14.9B, with oncology remaining the key contributor (+16% CER). Imfinzi climbed 30% CER, supported by multiple new launches, while Enhertu grew 34% CER on continued global demand, with core operating margin remaining broadly stable Y/Y at 35% despite R&D (+8% CER) and SG&A (+7% CER) expense increases. We continue to like AZN for its strong pipeline and numerous key data readouts throughout 2026, supported by four positive Phase 3 trials and 14 regulatory approvals achieved since Q4 2025. AZN reiterated its 2026 guidance for mid- to high-single-digit revenue growth and low double-digit core EPS growth, with currency movements expected to provide modest support. We see this compelling dataset helping support its ambitious target to reach USD80B in total revenue by 2030, with guidance that is more favorable than peers like Novartis.

$AZN
Asia

China Southern Power Grid Energy Storage's Q1 Profit Jumps 21%, Revenue Rises 19%

China Southern Power Grid Energy Storage's (SHA:600995) net profit attributable to shareholders in the first quarter jumped 21% to 453.8 million yuan from almost 374 million yuan a year earlier, according to a Shanghai bourse filing on Wednesday.Earnings per share rose 17% year on year to 0.14 yuan from 0.12 yuan.Operating revenue inched 19% higher to 1.85 billion yuan from 1.56 billion yuan in the previous year.The Chinese state-owned power company's shares closed less than 3% higher.

$SHA:600995
Commodities

European Investment Bank to Advance Ukraine Infrastructure Projects, Including Energy

The European Investment Bank will provide advice on infrastructure development under the a project preparation initiative dubbed Ukraine First, which was created by the European Commission and European Bank for Reconstruction and Development, the EIB said on Tuesday.The EIB will seek to carry forward large-scale infrastructure plans into fully-fledged projects, including some in the energy sector, that are ready to seek financing and construction, it said in a statement.That preparatory work will include feasibility studies, technical design and environmental assessments, the EIB said.Initially, the bank's work will focus on the road network in southern Ukraine, while work will also take place on the restoration of critical infrastructure such as road, energy and railway networks.The EIB signed a deal in Kyiv with the Ukrainian Ministry of Economy, Environment and Agriculture, confirming the cooperation, it said, with a framework now in place for investment projects to take place as Ukraine pursues its ambition of EU membership."This agreement is an important step in supporting Ukraine's recovery and EU accession plans through well-prepared investments," said EIB Vice President Karl Nehammer. "Strong project preparation is essential to ensure that infrastructure investments are delivered efficiently, attract financing and meet European standards."Ukraine First stands for Facility for Infrastructure Reconstruction and it currently has 40 million euros ($46.8 million) in funding available.EIB Advisory will start work on the M15 highway that runs between Odesa in southern Ukraine to the Romanian border, providing a transport plan for the Odesa region and helping to modernize this key road.The EIB has since its 2007 arrival in Ukraine, provided more than 4 billion euros in project financing to the country.