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Essar orders six supramaxes

Essar orders six supramaxes
INDIA-based Essar Shipping & Logistics Limited ordered six geared supramax bulk carriers from the country's ABG Shipyard for about US$35m each with deliveries between December 2009 and March 2011.

ESSAR ORDERS SIX SUPRAMAXES

INDIA-based Essar Shipping & Logistics Limited (ESLL) ordered six geared supramax bulk carriers from the country's ABG Shipyard for about US$35m each with deliveries between December 2009 and March 2011.

A statement says: ?The acquisition has been made keeping in view, the increased demand for larger size vessels in the handymax segment of the dry bulk trade. These vessels will be in high demand over the coming years considering the fact that the entire handymax segment is inching towards larger tonnage. With its considerable experience and excellent track record of operating ships globally, Essar will deploy these vessels in global trade.

?The decision to build these six bulk carriers stems from Essar"s forward-looking strategy to be always equipped for future business needs. ESLL has built a reputation as a dependable global logistics service provider. These vessels will go a long way in consolidating that position,? said the company's CEO.

The double-skinned 54,000 dwt ships will be fitted with 36-tonne cranes with grabs.

www.TurkishMaritime.Com.tr

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