India: Essar Shipping Receives First MiniCape Vessel

Essar Shipping Limited (ESL) part of the Essar Group has, taken the delivery of MV “Kamlesh” into its operations. This newest addition to Essar Shipping’s growing fleet, MV Kamlesh, is a bulk carrier, 253 metre long, 43 metre wide vessel and has a cargo capacity of 105000 dwt. Essar Shipping has a total capex of USD 1 billion out of which USD 600 million is for acquiring 12 vessels and approx. USD 450 million is for acquiring two jack up rigs.

She is the first vessel in a series of six vessels that ESL will be taking delivery of into its fleet by mid 2012.

The vessel is fully compliant with International Maritime regulations in force as on date. ESL is proud to include this modern, efficient and environment friendly Mini Cape vessel in its growing fleet of Bulk Carriers.

These six modern state-of-the-art vessels built at STX Shipyard are specially designed shallow drafted vessels, that will provide substantially higher cargo carrying capacity focused on draft conditions of Indian Ports.

On this occasion Mr. A. R. Ramakrishnan- Managing Director, Essar Shipping Limited said, “Essar Shipping is in the process of enhancing fleet capacity through induction of six MiniCape vessels and six Supramax dry bulk carriers. With the current tonnage of 1.71 million DWT (deadweight tonnes) with the addition of this vessel, Essar Shipping continues to serve its customers efficiently with a fleet comprising of VLCC (Very Large Crude Carrier) tankers, Capesize vessels, Supramaxes, mini bulk carriers and other lighterage & transshipment assets. The fleet capacity will rise significantly to 2.6 million DWT after completion of induction of all the 12 vessels. With its shallow draft and high cargo carrying capacity, ESL is confident that these uniquely designed MiniCapesize vessels will make trade to the Indian coast more economical and cost effective for clients in the Power, Steel and other core sectors.”

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World Maritime News Staff, January 17, 2012