India: Essar Shipping Receives Its Third MiniCape Vessel

Essar Shipping Limited (ESL) part of the Essar Group has, taken the delivery of MV Ishwari. This newest addition to Essar Shipping’s growing fleet, MV Ishwari, is a MiniCape which is 253 metre long, 43 metre wide and has a cargo capacity of 105000 dwt.

On taking delivery of the third MiniCape, A R Ramakrishnan- Managing Director, Essar Shipping Limited said, “With the induction of the MiniCapes, the company is on track to achieve the planned growth in revenues and scale of operations.”

He further added, “In the recent budget, the government has announced initiatives that will help the power, steel sectors to grow and in turn provide opportunities for the shipping industry. These vessels will be deployed to further capitalise on this growth platform.”

With its uniquely designed hull to ensure larger carrying capacity with minimal draft requirements, ESL is confident that these MiniCape vessels will make trade to the Indian coast more economical and cost effective for clients in the Power, Steel and other core sectors

Essar Shipping continues to serve its customers efficiently with a fleet comprising VLCCs (Very Large Crude Carrier) tankers, Capesize vessels, Supramaxes, mini bulk carriers and other lighterage & transshipment assets.

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Source: Essar Shipping, March 20, 2012