Essar Shipping acquires secondhand panamax bulker

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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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