AsiaDry Cargo

Essar Shipping acquires secondhand panamax bulker

Indian owner Essar Shipping has announced that it has added a 74,005dwt panamax bulker to its fleet.

The 2000-built vessel, formerly Jun Jie, has been renamed to Mahavir and will be deployed for transporting pellets, coal and limestone from Essar Steel’s pellet plant in Paradip to the steel plant in Hazira.

The latest deal has increased Essar Shipping’s fleet to 14 vessels with a total capacity of 1.6m dwt.

“This acquisition is in line with our strategy to find cargo before acquisition to ensure full utilization of the vessel. This is a right fit to our fleet given the requirement of our customers. Further, last month Essar Shipping de-commissioned, MV Chandi Prasad who sailed for 28 years and MV Mahavir is a perfect replacement,” said Ranjit Singh, executive director and CEO of Essar Shipping.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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