India’s Elektrans Shipping acquires suezmax, eyes bulkers

India’s Elektrans Shipping acquires suezmax, eyes bulkers

Mumbai-based Elektrans Shipping (formerly Doehle Danautic) has announced the acquisition of Japanese-built 149,834dwt suezmax tanker Distya Akula, co-owned with Arya Industries.

The 1995-built tanker will be flagged in India and bring’s the company’s fleet to three vessels. Elktrans and Arya have invested $40m towards vessel acquisitions, with a chemical tanker and handysize oil tanker making up the fleet.

Daniel Chopra, managing director of Elektrans said, “Acquisition of Distya Akula further consolidates Elektrans’ position as a full-service maritime company. We have embarked on an aggressive acquisition plan to increase the ownership fleet size.

“Besides owning oil and gas tankers, we are watching the dry bulk segment, which holds promise. Such an expansion plan, especially in today’s tough market scenario, demands, in addition to the technical, commercial and human expertise, steadfast leadership and focus.”

Elektrans owns ships, but also offers crew management, technical management, ship recycling, chartering and ship broking services.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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