Essar Shipping to acquire 6 Chinese vessels

Indian conglomerate Essar announced to acquire six Chinese shipping vessels for $390 dollars.

By PTI | Dec 09, 2007, 07.41 PM IST

MUMBAI: Indian conglomerate Essar announced to acquire six Chinese shipping vessels for $390 dollars.

Essar Shipping and Logistics Ltd has contracted STX (Dalian) Ship Building Company of China for acquiring six modern mini cape bulk carriers and has the option of checking three more such vessels.

Eassar Shipping which already has a fleet of 28 vessels with a capacity of 1.5 million DWT said, "the vessels are expected to be delivered in seven months, beginning July 2011.

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