| Shipping and Logistics - Dry Bulk Cargo | STS lighterage, stevedoring, cargo handling, transportation services, fleet chartering. | Integrated fleet and equipment assets, experienced management, strategic presence in underserved ports, and regulatory approvals. | B2B clients requiring dry bulk transportation and port logistics; industries include coal, cement, fertilizer, iron ore, and more. | STS lighterage and specialized fleet operations yield higher margins due to technical and operational expertise. | 608 | 100 | Revenue mainly from service contracts with port operators, cargo owners, and logistics clients. | Contract-based fees, service charges, and fleet rentals predominantly recurring with some usage-linked components. | Commodity demand, port activity growth, fleet expansion, non-major port development, and geographic diversification. | |
