Seven Islands acquires Eastern Pacific MR tanker

Seven Islands acquires Eastern Pacific MR tanker

Indian owner Seven Islands continues its buying spree on the sale and purchase market, acquiring the 2002-built 46,000 dwt MR tanker Ceylon from Singapore’s Eastern Pacific Shipping.

According to shipbroking sources, the Japanese-built tanker was sold for a price of $7.7m. It is the ninth vessel Seven Islands has acquired this year.

FIH Mauritius Investments, an investment arm of Canada-based Fairfax Financial Holdings, acquired a 42.9% stake in Seven Islands Shipping this year.

Seven Islands currently owns a fleet of 18 tankers.

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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