Essar Shipping has detailed its shopping list with liquid bulk to the fore. The private Indian owner’s CEO Ranjit Singh, speaking with BusinessLine, a local media title, said Essar is in the market for panamax bulk carrier, an MR tanker and a suezmax so long as it wins long term charters to go with them.
Essar Shipping currently runs a fleet of 14 ships, mostly bulk carriers, comprising one capesize, six mini capes, one panamax, two supramaxes, two handymaxes and two VLCCs.
The average age of the firm’s fleet is 12 years.
Essar will scrap its 25-year old capesize in the next 18 months, Singh said, and replace it with a younger panamax ship.