Varun Shipping acquires towing vessel
Varun Shipping has acquired anchor handling and towing supply vessel with BHP of 16,085.
By INDIATIMES NEWS NETWORK |
MUMBAI: Varun Shipping has acquired anchor handling and towing supply vessel with BHP of 16,085. This vessel is used for deep sea oil exploration activities in areas like North Sea, KG basin and Atlantic Ocean off the coasts of Nigeria, Brazil and Mexico.
With this acquisition, the company will own a diversified fleet of 21 vessels comprising of 12 LPG carriers, 3 double hull aframax crude tankers, 5 anchor handling towing and 1 product tanker.
The acquisition was financed partly out of company's internal resources and partly out of long term loans from State Bank of India and Bank of India, London.
At 10:24 am, Varun Shipping shares were up 8.90 per cent at Rs 74 on BSE.
With this acquisition, the company will own a diversified fleet of 21 vessels comprising of 12 LPG carriers, 3 double hull aframax crude tankers, 5 anchor handling towing and 1 product tanker.
The acquisition was financed partly out of company's internal resources and partly out of long term loans from State Bank of India and Bank of India, London.
At 10:24 am, Varun Shipping shares were up 8.90 per cent at Rs 74 on BSE.
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