Panamax acquisition takes Apeejay fleet past the 5m dwt mark

Panamax acquisition takes Apeejay fleet past the 5m dwt mark

India’s Apeejay Shipping has bought its second panamax bulker of the year, taking a 13-year old, Japanese-built 76,602 dwt ship which it has renamed APJ Angad 2. The acquisition takes the Apeejay fleet past the 5m dwt mark.

In September, the company took a 16-year old panamax – also Japanese built – which it has renamed APJ Uma Kismat.

In a release, Apeejay said it was “cautiously optimistic about domestic and international demand prospects”.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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