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.